Real-time pulse of financial headlines curated from 2 premium feeds.
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2025-09-29 14:11
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2025-09-29 10:00
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MrBeast's $1.28 mln bet on Aster – YouTuber's smart move or risky play? | cryptonews |
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What's fueling this sudden dominance over established DeFi giants?
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2025-09-29 14:11
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2025-09-29 10:00
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How Could XRP Price React After October 2025 SEC ETF Decisions? | cryptonews |
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The XRP price continues to consolidate within a descending channel as investors assess upcoming catalysts. The chart highlights a structure similar to the July breakout that produced a strong rally. Meanwhile, anticipation builds around the SEC’s October deadlines for multiple XRP ETF filings. Market participants are preparing for heightened activity as technical patterns and regulatory events converge in the weeks ahead.
XRP Price Eyes Breakout From Descending Channel The XRP price has been testing the boundaries of a descending channel, mirroring the setup observed before the July breakout. The July move resulted in a 66% rally, showing how this zone can trigger rapid surges once resistance cracks. The current XRP market price trades at $2.85, keeping it near the breakout threshold that could invite fresh buying. The Fib extensions project potential upside targets, with the 1.618 level at $3.48 and the 2.618 level at $3.97. However, the more immediate projection shows a 35% rally pointing directly toward $4 if the channel breaks this month. This mirrors the July performance and strengthens the case for another surge. Notably, support at $2.75 has cushioned recent declines, keeping bulls engaged. With pressure mounting against the upper channel boundary, XRP price looks primed for decisive movement in October. XRP/USDT 1-Day Chart (Source: TradingView) SEC ETF Decisions Could Amplify Moves The SEC is set to decide on six spot XRP ETF applications in October, a lineup that could heavily shape short-term price direction. The first comes on October 18 with the Grayscale XRP ETF, which may inject early volatility depending on the outcome. A day later, October 19, focus will shift to the 21Shares Core XRP Trust, where approval could strengthen confidence in XRP’s institutional appeal. On October 20, the Bitwise XRP ETF will be reviewed, with expectations that a green light may draw fresh inflows. Meanwhile, October 23 brings the Canary Capital XRP ETF deadline, testing whether bullish pressure can sustain near key resistance levels. The week concludes October 25 with the WisdomTree XRP ETF, where a positive ruling could act as the final catalyst for October’s trading. With the chart projecting a possible 35% rally toward $4 by month’s end, the alignment of decisions with technical patterns feels crucial. Therefore, October activity could directly determine whether XRP finally clears its descending channel or delays another leg higher. Summary The XRP price faces a critical October as both technical and regulatory factors align. A channel breakout would mirror July’s explosive rally and open the path to $4. Multiple SEC decisions on ETFs may either fuel this breakout or reinforce resistance barriers. Overall, October’s outcomes could mark the turning point that defines XRP’s trajectory into year-end. Frequently Asked Questions (FAQs) The July breakout delivered a 66% rally, and the current setup mirrors that structure, hinting at another potential move. October aligns with SEC ETF deadlines and a bullish technical setup, making it a critical period for XRP. ETF approvals could expand institutional exposure, strengthen market legitimacy, and boost XRP’s long-term adoption prospects. |
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2025-09-29 14:11
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2025-09-29 10:00
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Binance Founder “CZ” Drops Bombshell On Aster DEX After 2,000% Rally, Here's What He Said | cryptonews |
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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
Binance founder Changpeng “CZ” Zhao has explained his role in Aster DEX following the 2,000% rally of the DEX’s native token. This also follows his earlier endorsements of the decentralized exchange, which has provided increased competition to the likes of Hyperliquid. Binance Founder CZ Explains Role In Aster DEX CZ mentioned in an X space that he serves as an advisor for the Aster DEX, advising them explicitly on product and technology, but not on regulatory issues. He also revealed that some former Binance employees are now working for the DEX. The Binance founder opined that Aster is a very strong project. Meanwhile, CZ also noted how the Aster DEX has stayed close to the BNB Chain ecosystem, which he admitted has helped BNB. Notably, the BNB price rallied to new highs amid the decentralized exchange’s emergence in the spotlight over the past few weeks. CZ mentioned that Aster did exceptionally well in their token generation event (TGE). During the X space, CZ discussed how he is focusing more attention on the BNB chain and projects like the Aster DEX, as he is no longer in charge of Binance following the agreement with U.S. authorities, which required him to step down as CEO as part of the settlement. Meanwhile, it is worth mentioning that CZ’s family office, YZi Labs, has a minority stake in Aster. Before now, CZ had openly endorsed Aster DEX on several occasions. On one occasion, he shared the Aster token chart and commended the team while urging them to keep building. At the time, the token was trading at just around $0.17. Since then, Aster has recorded a rally of around 2,000%, reaching an all-time high (ATH) of $2.4 in the process. On another occasion, CZ stated that the Aster DEX wasn’t a BNB Chain exclusive perp DEX and that it supports multiple chains natively. He added that the DEX also supports hidden orders, which he noted makes it different from other perp DEX designs. Trading privacy on DEXs is something that the Binance founder has advocated for following the James Wynn saga, in which the infamous trader lost around $100 million on Hyperliquid trades that were visible to everyone. Aster Ranks Second In Fees DeFiLlama data shows that the Aster DEX has generated the second-largest fees in the last 24 hours and seven days, trailing only USDT issuer Tether. The DEX has earned $14.33 million in the last 24 hours and $69.56 million in the last seven days. The team has confirmed plans to conduct buybacks, which would likely be done with these fees generated. However, Aster DEX still trails behind in terms of DEX trading volume. Further data from DeFiLlama shows that the DEX is 12th in terms of 24-hour trading volume, although it ranks higher based on the 7-day trading volume, recording $3.3 billion in trading volume over the last week. At the time of writing, the Aster token is trading at around $1.92, up over 4% in the last 24 hours, according to data from CoinMarketCap. BNB trading at $1,005 on the 1D chart | Source: BNBUSDT on Tradingview.com Featured image from Medium, chart from Tradingview.com Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers. Sign Up for Our Newsletter! For updates and exclusive offers enter your email. Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts. Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain. |
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2025-09-29 14:11
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2025-09-29 10:00
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XRP Price May Not See An Explosive Rally In October As Expected, Here's Why | cryptonews |
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The phrase “Uptober” has gained popularity in the crypto market, as October has historically delivered gains in the past. For the XRP price, however, the picture looks very different. A closer look at its history shows a mix of big wins and painful losses, making October far less predictable.
Removing the extreme years shows that the data points to flat or negative results, which means investors counting on an explosive rally may end up disappointed. Although the last quarter of the year has brought substantial gains in some cases, the overall record remains inconsistent, suggesting that “Uptober” may be more of a myth than a promise for XRP holders. Historical Data Challenges The “Uptober” Hype For XRP Price Every October, the crypto community hopes that coins will rise, and while Bitcoin sometimes lives up to this expectation, XRP’s history tells a different story. Data from CryptoRank shows that XRP has experienced some notable fluctuations in October over the last decade. In 2013, the token soared by more than 94%. In 2014, it jumped 130%. In 2020, it even delivered an explosive rally of nearly 179% in just one month. Source: CryptoRank But these massive rallies are rare. In many other years, the results were disappointing. For example, the XRP price suffered double-digit losses in October of 2018 and 2021. In other years, gains were delivered only in tiny amounts, far below what traders had hoped for. Stripping away the highs and lows makes the overall trend clear. The median October return for XRP is actually a slight loss of 1.79%, and the average return is even worse at -4.58%. This data suggests that October is far more likely to bring disappointment than explosive growth for XRP holders. While the idea of “Uptober” may sound exciting, the history of XRP shows its performance in October is scattered, unpredictable, and often hostile. Q4 Patterns Show Risk Of Relying On Seasonal Myths Some traders argue that even if October is not always a great month, the XRP price usually performs well in the final quarter of the year. Indeed, the last quarter has sometimes delivered big rallies, and the average Q4 return for XRP is nearly 88%. But these results are heavily skewed by a few extraordinary years. When the numbers are balanced, the median return for Q4 is actually a loss of 4.32%. The negative median Q4 return shows that the perception of Q4 strength is not as reliable as many believe. The standout rallies do not represent the typical outcome. Instead, most years end up modest or even negative. The pattern points to risk, not certainty, for those who assume every Q4 will bring green candles. Past data proves that while extraordinary runs are possible, they are rare, and the more common result is far less exciting. XRP could still surprise to the upside, but history warns against treating October as a guaranteed month of gains. Believing the hype without considering the risks may leave investors unprepared for disappointment. Price fails to reclaim $3 | Source: XRPUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com |
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2025-09-29 14:11
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2025-09-29 10:02
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Solana Treasury Holdings Hit 3.64% of Supply as Analysts Eye $1,000 Target | cryptonews |
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SOL eyes $1,000 as institutions buy in, dominance climbs, and key ETFs plus Alpenglow upgrade promise fresh market momentum.
Izabela Anna2 min read 29 September 2025, 02:02 PM Image: ShutterstockSolana is increasingly capturing institutional attention as treasury holdings and upcoming catalysts fuel speculation about higher valuations. Data from analyst TedPillows shows that companies now collectively hold over 20.9 million SOL, which accounts for nearly 3.64% of the token’s total supply. This growing interest positions Solana as the third preferred asset for institutions, after Bitcoin and Ethereum. The concentration of treasury holdings highlights its rising credibility within the broader crypto market. Breakout Signals and Bold ForecastsAs of press time trading around $207, the price of Solana has rebounded strongly after confirming a breakout from long-term resistance levels. According to analyst CryptoCurb, the decisive move above $200 has shifted market dynamics, with fresh support forming between $150 and $200. If momentum continues, the analyst projects a potential rally toward $1,000 by December. This aligns with historical parabolic runs that followed accumulation phases. Furthermore, CryptoCurb suggests that after short-term consolidation near $1,300, Solana could extend its rally toward $2,000 by May, fueled by institutional inflows and broader network growth. Dominance Trends Support the CaseAnalyst AltcoinGordon highlighted Solana’s dominance chart, which shows an ascending triangle pattern. This structure suggests a bullish continuation, with support established near 2.4% and resistance at 4.8% to 5%. Current dominance stands at 2.94%, consolidating after a rebound from trendline support. Source:X If buyers maintain control above the lower threshold, Solana could attempt a breakout beyond 5% dominance. Such a move would imply SOL outperforming the broader crypto market and potentially support the $1,000 target. Key Catalysts AheadBesides the technical outlook, fundamental drivers may shape Solana’s performance in the coming months. Several ETF applications face key deadlines in October, with Canary’s final decision due on October 7 and VanEck’s on October 15. Additionally, Franklin’s Solana ETF and Grayscale’s conversion proposal both reach decision points on October 16. Positive approvals could ignite fresh capital inflows, providing further momentum. Another significant catalyst is the upcoming Alpenglow upgrade, scheduled for late this year or early next year. This upgrade is expected to reduce block finality from 12 seconds to under 150 milliseconds. Such speeds would outperform Google and Visa, strengthening Solana’s position as a scalable blockchain solution. ENRICH your inbox with our best storiesDon’t miss out and join our newsletter to get the latest, well-curated news from the crypto world! Izabela Anna Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting. Read more about Latest Solana (SOL) News Today |
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2025-09-29 14:11
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2025-09-29 10:03
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Bitcoin (BTC) Price Analysis for September 29 | cryptonews |
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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. Bulls are more powerful than bears today, according to CoinStats. Top coins by CoinStatsBTC/USDThe rate of Bitcoin (BTC) has gone up by 2.6% over the past day. Image by TradingViewOn the hourly chart, the price of BTC has made a false breakout of the local resistance of $112,438. However, if the daily bar closes near that mark or above it, bulls may seize the initiative, which may lead to a test of the $113,000 zone. Image by TradingViewOn the longer time frame, the rate of BTC is far from the support and resistance levels. In this case, one should pay attention to the daily candle's closure in terms of yesterday's bar's peak. You Might Also Like If it breaks out, the upward move is likely to continue to the $114,000 area. Image by TradingViewFrom the midterm point of view, none of the sides is dominating. Thus, the volume is low, confirming the absence of buyers and sellers' energy. In this case, ongoing sideways trading in the range of $110,000-$114,000 is the more likely scenario. Bitcoin is trading at $112,167 at press time. |
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2025-09-29 14:11
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2025-09-29 10:06
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SEC's New Listing Standards Open Path for Spot Shiba Inu ETF | cryptonews |
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SEC approval of new listing standards clears path for a potential spot Shiba Inu ETF as SHIB futures meet key requirements for eligibility.
Newton Gitonga2 min read 29 September 2025, 02:06 PM Image: ShutterstockThe U.S. Securities and Exchange Commission has cleared a path for spot cryptocurrency exchange-traded funds through new generic listing standards. These rules remove major regulatory hurdles and place assets like Shiba Inu in direct contention for ETF approval. The development is thrilling to those who support digital asset investment products, and this competition is expected to intensify. SEC Guidelines Position SHIB for ETF EligibilityThe SEC’s guidelines allow exchanges to list crypto ETPs without a lengthy approval process if the underlying asset has a futures contract traded for at least six months on a CFTC-regulated exchange. This shift streamlines the approval structure, signaling a new phase for crypto-based investment products in the United States. Shiba Inu qualifies under these standards. According to a market notice from Coinbase Derivatives, “1k Shib (SHB)” futures began trading on July 15, 2024. Having surpassed 14 months of trading activity, SHIB futures exceed the SEC’s six-month mandate. This places the token in the same category as assets such as Solana and Polkadot, which also meet eligibility requirements for spot ETF consideration. For the Shiba Inu community, which has consistently pushed for wider institutional recognition, the SEC’s decision marks an important milestone. A spot SHIB ETF is now a regulatory possibility, moving closer to reality after years of advocacy. However, industry participants caution that the new framework does not guarantee long-term success for every product that makes it to market. Market Competition Raises Investor ConcernsGreg Benhaim, Executive Vice President of Product at 3iQ, addressed the implications of these developments in a note shared with The Shib Daily. Drawing from his company’s experience as an ETF issuer in Canada, Benhaim said the landscape could become more challenging for both issuers and investors. “At first glance, this seems bullish for the industry,” Benhaim stated. “However… it may be challenging for issuers to raise capital when new products are being listed every single day.” He warned that the sheer number of ETFs entering the market could overwhelm retail participants. Benhaim added that investors may struggle to understand the differences between various offerings. “For example, an AVAX ETF and an ADA ETF are very different, but the investor may not appreciate this fully,” he explained. He noted that distinguishing between assets in an ETF format requires a level of market knowledge that many retail investors may lack. The SEC’s changes shift responsibility from regulators to the market itself. As Benhaim observed, competition will now determine which assets succeed in attracting significant retail interest. The proliferation of ETFs, he argued, will ultimately “pave the way for the industry to identify which assets have significant retail appeal in ETF format and which don’t.” ENRICH your inbox with our best storiesDon’t miss out and join our newsletter to get the latest, well-curated news from the crypto world! Newton Gitonga Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets. Read more about Latest Shiba Inu News Today (SHIB) |
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2025-09-29 13:10
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2025-09-29 09:00
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Dandelion Payments agreement with CBA to Transform Cross-Border Transfers | stocknewsapi |
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SYDNEY, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Dandelion Payments, a Euronet Worldwide, Inc. (NASDAQ: EEFT) company, has entered a strategic agreement with Commonwealth Bank of Australia (CBA), marking a significant milestone in CBA’s commitment to delivering faster, more transparent, and customer-centric international payment solutions.
Through a single integration with Dandelion, CBA customers will gain access to an expansive global infrastructure, enabling seamless transfers to recipients across a wide range of countries. The integration will deliver: Real-time payment tracking and status updates via CBA’s digital channels, enhancing transparency and reducing uncertaintyInstant payouts to many jurisdictions, with future expansion to include digital wallets and cash pickup options, broadening customer choiceImproved customer experience, with faster transaction processing and reduced frictionEnhanced compliance and security, including robust pre-validation features such as account status checks and beneficiary name matching This agreement complements CBA’s existing correspondent banking network by expanding reach and improving speed in corridors where traditional methods may be slower or less accessible. It reflects CBA’s ongoing commitment to innovation and excellence in financial services, and positions the bank at the forefront of modernising cross-border payments. About Dandelion Dandelion is the world’s largest real-time, cross-border payments network, providing a complete payments-as-a-service solution. Dandelion’s global disbursements network comprises direct-to-local connections in 200 countries and territories, with built-in settlement, compliance, and full-value delivery. Through a single API integration or Swift instruction, Dandelion enables financial institutions, payment companies and fintechs to reach 4 billion+ bank accounts, 126 mobile wallets, 3 billion+ mobile wallet accounts, and 626K cash pickup locations. Visit www.dandelionpayments.com for more information. Dandelion is part of the money transfer segment of Euronet (NASDAQ: EEFT), a global leader in payments processing and cross-border transactions. Visit www.euronetworldwide.com for more information. About CommBank The Commonwealth Bank (ASX:CBA) is one of Australia’s leading providers of personal banking, business and institutional banking and share broking services. With more than 18 million customers and a history spanning more than a century, the Group’s purpose is to build a brighter future for all. The Commonwealth Bank is Australia’s leader in digital banking and maintains the largest branch network across the country. Headquartered in Sydney, Australia, the Bank operates brands including Bankwest in Australia and ASB in New Zealand. For more information on Commonwealth Bank, visit www.commbank.com.au. ©2025 Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945 Media Contacts CBA P. 02 9595 3219 E: [email protected] Dandelion Maria Colella [email protected] |
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2025-09-29 13:10
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2025-09-29 09:00
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Algoma Steel Secures C$500 Million Liquidity Support from Governments of Canada and Ontario | stocknewsapi |
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SAULT STE. MARIE, Ontario, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Algoma Steel Group Inc. (“Algoma” or the “Company”) (NASDAQ: ASTL; TSX: ASTL) today announced the execution of binding term sheets to secure C$500 million in liquidity support, comprising C$400 million loan facilities from the Government of Canada under the Large Enterprise Tariff Loan facility and C$100 million loan facilities from the Province of Ontario (collectively, the “Facilities”). The Facilities provide essential financial flexibility amid prolonged trade uncertainty and position Algoma to advance its ongoing business transformation.
Today, the Honourable Patty Hajdu, Minister of Jobs and Families and Minister responsible for the Federal Economic Development Agency for Northern Ontario, on behalf of the Honourable François-Philippe Champagne, Minister of Finance and National Revenue, alongside Will Bouma, Parliamentary Assistant to the Minister of Northern Economic Development and Growth for Ontario, and Bill Rosenberg, Member of Provincial Parliament for Algoma—Manitoulin, will join Algoma CEO, Michael Garcia, and CFO, Rajat Marwah, along with senior management team members and workers at the plant for the announcement. “On behalf of Algoma, I would like to thank Prime Minister Carney, Premier Ford and their governments for their steadfast support of our Company and the Canadian steel industry,” said Mr. Garcia. “The ongoing imposition of a 50% tariff on Canadian steel has closed the U.S. market to Canadian steelmakers. We require this liquidity support to withstand this unprecedented U.S. governmental action, and importantly, to continue our transformation for the future. Algoma is poised to be a critical contributor to our nation’s agenda of building a stronger, more competitive, and prosperous economy. We look forward to supplying Canadian steel – from right here in Sault Ste. Marie – to, as the Prime Minister has said, help protect our sovereignty, grow our industries, export our energy, and build one strong Canadian economy.” Loan Facilities The Facilities will be provided proportionately by the federal and provincial governments as follows: C$100 million – Third lien secured tranche, ranking junior to Algoma’s existing first lien revolving facility and second lien secured notes; andC$400 million – Unsecured tranche, subject to the issuance of 6.77 million common share purchase warrants, with each warrant being exercisable for one common share of Algoma at an exercise price of C$11.08 for a 10-year term, vesting proportionately as unsecured draws are made. The Facilities will have a seven-year term, with interest at CORRA + 200 bps for three years, stepping up by 200 bps each year thereafter. The exercise price of the warrants is equivalent to the volume-weighted average trading price of Algoma’s common shares on the TSX from the completion of its going-public transaction in October 2021 through November 1, 2024, which was prior to the U.S. Administration’s announcement of its intention to impose new tariffs on Canadian steel. The warrants align the governmental support for Algoma with the Company’s long-term value creation strategy and its ongoing transformation and long-term growth trajectory. The Facilities will include customary positive and negative covenants, including a restriction on capital distributions. Algoma’s access to the Facilities is subject to several conditions, including the completion of definitive loan documentation and the receipt of all necessary approvals under the Company’s first lien revolving facility. Operational Adjustments in Response to Market Conditions Alongside securing this financing, Algoma is adjusting production to better align with prevailing demand and market dynamics. The continuation of Section 232 tariffs has effectively closed the U.S. market to Canadian steel, undermining Algoma’s cross-border business model and requiring the Company to focus on products with reliable domestic demand. The tariffs have made continued operation of the Company’s blast furnace and coke ovens unsustainable. Accordingly, Algoma will begin to exit these primary operations as it accelerates its transition to Electric Arc Furnace (“EAF”) steelmaking. The Company now expects that the final aggregate cost of completion of the EAF project will be approximately C$987 million. Going forward, Algoma intends to focus production on as-rolled and heat-treated plate, along with select coil products predominantly for the Canadian market. These adjustments are expected to enable Algoma to: supply Canadian industries with high-quality as-rolled and heat-treated plate;provide stability for continued investment in diversification projects aligned with Canada’s evolving needs; andreinforce Algoma’s role in supporting Canada’s infrastructure, manufacturing, defense, and nation-building priorities. “The government’s financial support underscores their recognition of Algoma’s critical role in Canada’s industrial base, and demonstrates their willingness to provide direct support for our Company through this transition,” said Mr. Garcia. “By combining essential liquidity with targeted support for our transition to EAF steelmaking, this support allows us to move forward with confidence — aligning operations with market realities, advancing the EAF strategy, and safeguarding Algoma’s future,” said Mr. Marwah. About Algoma Steel Group Inc. Based in Sault Ste. Marie, Ontario, Canada, Algoma is a fully integrated producer of hot and cold rolled steel products including sheet and plate. Driven by a purpose to build better lives and a greener future, Algoma is positioned to deliver responsive, customer-driven product solutions to applications in the automotive, construction, energy, defense, and manufacturing sectors. Algoma is a key supplier of steel products to customers in North America and is the only producer of discrete plate products in Canada. Its state-of-the-art Direct Strip Production Complex (“DSPC”) is one of the lowest-cost producers of hot rolled sheet steel (“HRC”) in North America. Algoma is on a transformation journey, modernizing its plate mill and adopting electric arc technology that builds on the strong principles of recycling and environmental stewardship to significantly lower carbon emissions. Today Algoma is investing in its people and processes, working safely, as a team to become one of North America's leading producers of green steel. As a founding industry in their community, Algoma is drawing on the best of its rich steelmaking tradition to deliver greater value, offering North America the comfort of a secure steel supply and a sustainable future. Forward-Looking Statements This news release contains “forward-looking statements” under applicable Canadian securities laws and “forward-looking information” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the Company’s current expectations and assumptions. Forward-looking statements can often be identified by words such as “anticipate,” “expect,” “intend,” “plan,” “believe,” “seek,” “estimate,” “target,” “project,” “may,” “should,” “will,” “forecast,” “outlook,” “potential,” or other similar expressions. In particular, this release contains forward-looking information regarding the anticipated government financing, including its size, structure, terms, and the expected impact on Algoma’s financial position, operations, and strategic initiatives, the anticipated continued and future impacts of U.S. tariffs on Algoma, completion and cost of Algoma’s EAF project, the anticipated impact of Algoma’s operating adjustments, the anticipated impact of Algoma’s EAF project, resulting reduction in carbon emissions following completion of the EAF project, Algoma’s future as a leading producer of green steel, transformation journey, ability to deliver greater and long-term value, and Algoma’s ability to offer North America a secure steel supply and a sustainable future, and investment in its people, and processes. These forward-looking statements are subject to a number of known and unknown risks, uncertainties, and assumptions that could cause actual results or events to differ materially from current expectations. Such risks and uncertainties include, but are not limited to, the Company’s ability to enter into definitive documentation on the terms described or at all; the Company’s ability to meet the conditions precedent to funding; potential changes in government policy; general economic and market conditions; ongoing trade actions and tariffs; the risks described in Algoma’s filings with the U.S. Securities and Exchange Commission and Canadian securities regulators; and other factors not currently contemplated, including those that may be beyond the Company’s control. Readers are cautioned not to place undue reliance on forward-looking statements. Algoma undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law. For more information, please contact: Communications contact: Laura Devoni Vice President - Human Resources and Corporate Affairs Phone: 705.255.1202 E-mail: [email protected] Investor contact: Michael Moraca Vice President - Corporate Development and Treasurer Phone: 705.945.3300 E-mail: [email protected] |
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2025-09-29 13:10
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2025-09-29 09:00
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Leggett & Platt Announces 3Q 2025 Earnings Call | stocknewsapi |
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September 29, 2025 09:00 ET
| Source: Leggett & Platt, Incorporated Carthage, MO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Leggett & Platt (NYSE:LEG), a diversified manufacturer of engineered products serving several major markets, will release third quarter earnings results on Monday, October 27, 2025 after the market closes, and hold its quarterly conference call to discuss third quarter results, annual guidance, market conditions, company initiatives, and related matters on Tuesday, October 28, 2025, at 8:30 a.m. Eastern Time (7:30 a.m. Central Time). This call will be webcast and can be accessed from the Investor Relations section of Leggett & Platt’s website at www.leggett.com. The earnings release and slides containing summary financial information will be posted to the Investor Relations section of our website on October 27 shortly after the market closes. The audio replay of the webcast and transcript will be available on our website after completion of the call and will remain available for 12 months. COMPANY DESCRIPTION: Leggett & Platt (NYSE: LEG) is a diversified manufacturer that designs and produces a broad variety of engineered components and products that can be found in many homes and automobiles. The 142-year-old Company is a leading supplier of bedding components and private label finished goods; automotive seat comfort and convenience systems; home and work furniture components; geo components; flooring underlayment; hydraulic cylinders for material handling and heavy construction applications. INVESTOR CONTACTS: Steve West, Vice President, Investor Relations Katelyn J. Pierce, Analyst, Investor Relations (417) 358-8131 [email protected] |
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2025-09-29 13:10
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2025-09-29 09:00
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EnWave Signs Royalty-Bearing Commercial License with Solve Solutions Ltda of Brazil and Sells 10kW REV Machinery | stocknewsapi |
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September 29, 2025 09:00 ET
| Source: EnWave Corporation VANCOUVER, British Columbia, Sept. 29, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today that it has signed a royalty-bearing, commercial license agreement (the “Commercial License”) with Solve Solutions Ltda (“Solve Solutions”), a Brazilian food company. Solve Solutions specializes in the production and sales of premium dried fruits, vegetables, and snack products for private label brands and consumer packaged food manufacturers in Brazil, as well as international markets. Solve Solutions also purchased the 10kW Radiant Energy Vacuum (“REV™”) machine that was previously being leased under a Technology Evaluation and License Option Agreement (“TELOA”) with EnWave. Under the Commercial License terms, Solve Solutions will hold an exclusive license to use EnWave’s patented REV™ technology to dry select fruits, vegetables, and cheese products in the country of Brazil. Solve Solutions will pay a royalty commensurate with certain other existing licenses granted by EnWave, and the Company intends to continue working closely with Solve Solutions to ensure optimal product development success. Pursuant to the licensing agreement, Solve Solutions must purchase a large-scale REV™ machine within 6 months of the effective date of the Commercial License and remit minimum royalty requirements to keep their exclusive rights. About Solve Solutions Solve Solutions (dba Solve Foods) is a Brazilian food ingredient manufacturing business under parent company Troyes Participações SA, a company that manages various enterprises in the textile and building products industries. Solve Solutions specializes in the production of premium dehydrated fruits, vegetables, and cheeses, serving both ingredient markets and finished consumer products. The company’s growing product portfolio includes strawberries, pineapples, mangoes, bananas, beets, carrots, ginger, and cheese. From its base in the state of Santa Catarina, Solve Foods partners with food manufacturers and consumer packaged goods (CPG) brands throughout Brazil and beyond to address gaps in supply for high-quality dried ingredients that cannot be created with conventional drying methods. The company combines technological innovation with collaborative R&D, helping customers bring unique new products to market with reliable supply, exact specifications, and tailored solutions. Solve Foods is committed to being more than a supplier—it positions itself as a trusted partner in innovation, supporting brands with the expertise, technology, and product development capabilities needed to grow in today’s competitive food market. By focusing on natural preservation and premium product quality, Solve Foods is shaping the future of the dried ingredient industry in Brazil and setting new standards for taste, texture, and nutrition. Learn more at solvefoods.com.br About EnWave EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Delta, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost. With more than fifty partners spanning twenty-four countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance. EnWave’s strategy is to sign royalty-bearing commercial licenses with food producers who want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits of producing exciting new products, reaching optimal moisture levels up to seven times faster, and improve product taste, texture, color and nutritional value. Learn more at EnWave.net. EnWave Corporation Mr. Brent Charleton, CFA President and CEO For further information: Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: [email protected] Dylan Murray, CPA, CA, CFO at +1 (778) 870-0729 E-mail: [email protected] Safe Harbour for Forward-Looking Information Statements: This press release may contain forward-looking information based on management's expectations, estimates and projections. All statements that address expectations or projections about the future, including statements about the Company's strategy for growth, product development, market position, expected expenditures, and the expected synergies following the closing are forward-looking statements. All third-party claims referred to in this release are not guaranteed to be accurate. All third-party references to market information in this release are not guaranteed to be accurate as the Company did not conduct the original primary research. These statements are not a guarantee of future performance and involve a number of risks, uncertainties and assumptions. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. 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 statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. |
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2025-09-29 13:10
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2025-09-29 09:00
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NeOnc Technologies Appoints Renowned Neuro-Oncologist Dr. Henry S. Friedman to Scientific Advisory Board | stocknewsapi |
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September 29, 2025 09:00 ET
| Source: NeOnc Technologies Holdings, Inc. CALABASAS, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- NeOnc Technologies Holdings, Inc. (NTHI) (“NeOnc” or the “Company”), a multi-Phase 2 clinical-stage biopharmaceutical company pioneering therapies for central nervous system (CNS) cancers, today announced it has appointed Dr. Henry S. Friedman to its scientific advisory board. Dr. Friedman is an internationally renowned academic adult and pediatric neuro-oncologist who helps to lead The Preston Robert Tisch Brain Tumor Center at Duke University. He is the author of more than 500 peer reviewed articles, reviews, and book chapters and has presented extensively at both international and national meetings. “We are incredibly honored to welcome Dr. Henry Friedman, a true luminary in the field of neuro-oncology, to our scientific advisory board,” said Amir F. Heshmatpour, Executive Chairman and President of NeOnc Technologies. “His profound experience in developing novel therapies for CNS cancers and his distinguished career at Duke’s Preston Robert Tisch Brain Tumor Center will be invaluable as we advance our pipeline, including our lead candidates NEO100™ and NEO212™. Mr. Heshmatpour added, “As NeOnc prepares to publish upcoming data from our NEO100 and NEO212 clinical programs, we look forward to our key opinion leaders carefully reviewing and validating these results. We believe their independent expertise will not only strengthen the confidence of our stakeholders but will also mark a turning point—one of destiny—for patients and families battling glioblastoma and other brain cancers. Together, with the guidance of leaders like Dr. Friedman, we are committed to changing the future for those who need it most.” Henry S. Friedman, MD, Duke University Henry S. Friedman is a senior neuro-oncologist at Duke and longtime leader at The Preston Robert Tisch Brain Tumor Center, where he serves as a deputy director and holds the James B. Powell, Jr. Distinguished Professorship in the School of Medicine. He cares for adult and pediatric patients at the Duke Cancer Center’s Brain Tumor Clinic and is an internationally renowned authority in neuro-oncology, with a publication record exceeding 500 peer-reviewed works and decades of national and international presentations. His work has spanned clinical trials and translational research across high-grade glioma, medulloblastoma, and ependymoma, helping to shape modern standards for difficult central nervous system (CNS) tumors. He has offered sustained leadership to one of the field’s best-known programs and ongoing engagement with collaborative, multi-center research efforts. ABOUT NEONC TECHNOLOGIES HOLDINGS, INC. NeOnc Technologies Holdings, Inc. is a clinical-stage life sciences company focused on the development and commercialization of central nervous system therapeutics that are designed to address the persistent challenges in overcoming the blood-brain barrier. The company’s NEO™ drug development platform has produced a portfolio of novel drug candidates and delivery methods with patent protections extending to 2038. These proprietary chemotherapy agents have demonstrated positive effects in laboratory tests on various types of cancers and in clinical trials treating malignant gliomas. NeOnc’s NEO100™ and NEO212™ therapeutics are in Phase II human clinical trials and are advancing under FDA Fast-Track and Investigational New Drug (IND) status. The company has exclusively licensed an extensive worldwide patent portfolio from the University of Southern California consisting of issued patents and pending applications related to NEO100, NEO212, and other products from the NeOnc patent family for multiple uses, including oncological and neurological conditions. For more about NeOnc and its pioneering technology, visit neonc.com. Important Cautions Regarding Forward Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements can be identified by terminology such as “may,” “will,” “should,” “intend,” “expect,” “plan,” “budget,” “forecast,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “evaluating,” or similar words. Statements that contain these words should be read carefully, as they discuss our future expectations, projections of future results of operations or financial condition, or other forward-looking information. Examples of forward-looking statements include, among others, statements regarding whether a definitive agreement will be reached with Quazar. These statements reflect our current expectations based on information available at this time, but future events may differ materially from those anticipated. The “Risk Factors” section of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission, along with other cautionary language in that report or in our subsequent filings, outlines important risks and uncertainties. These may cause our actual results to differ materially from the forward-looking statements herein, including but not limited to the failure to finalize the agreement with Quazar, modifications to its terms, or alternative uses of proceeds. We assume no obligation to revise or update any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable securities laws and regulations. “NEO100” and NEO “212” are registered trademarks of NeOnc Technologies Holdings, Inc. Company Contact: [email protected] Investor Contact: James Carbonara Hayden IR (646)-755-7412 [email protected] |
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2025-09-29 13:10
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2025-09-29 09:00
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Revolution Medicines Announces Key Leadership Additions, including Alan Sandler, M.D. as Chief Development Officer | stocknewsapi |
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REDWOOD CITY, Calif., Sept. 29, 2025 (GLOBE NEWSWIRE) -- Revolution Medicines, Inc. (Nasdaq: RVMD), a late-stage clinical oncology company developing targeted therapies for patients with RAS-addicted cancers, today announced the appointment of Alan Sandler, M.D. into the newly created role of chief development officer, as well as the appointment of regional general managers in the U.S. and Europe.
“I am delighted to welcome Alan as our chief development officer as we pursue our bold vision to develop new global standards of care for patients with RAS-addicted cancers,” said Mark A. Goldsmith, M.D., Ph.D., chief executive officer and chairman of Revolution Medicines. “As a physician-scientist, Alan is recognized as a leader in the field of lung cancer and has established a track record of excellence in oncology drug development. He brings valuable additional leadership to our organization as the scope and maturity of our development activities grow in support of advancing our compelling pipeline of distinguished clinical-stage RAS(ON) inhibitors on behalf of patients.” Dr. Sandler joins Revolution Medicines from ALX Oncology, where he most recently served as chief medical officer. Prior to joining ALX Oncology, he was executive vice president and chief medical officer at Mirati Therapeutics through its acquisition by Bristol Myers Squibb. Previously, he served as president and head of global development, Oncology at Zai Lab Limited, and earlier held senior leadership roles at Genentech, a member of the Roche Group, where he drove multiple oncology development programs. Alan has also held academic leadership roles as division chief of Hematology/Oncology at Oregon Health and Science University, medical director of Thoracic Oncology at Vanderbilt University, and medical director of the Thoracic Oncology Program at Indiana University. As a further step in building global commercial capabilities, Revolution Medicines has also appointed two key regional leaders: Alicia Gardner as senior vice president, general manager for the U.S. region, and Gerwin Winter as senior vice president, general manager for the European region. Alicia and Gerwin will play important leadership roles as the company prepares for the potential approvals and commercial launches of daraxonrasib in patients with cancers driven by RAS, including pancreatic ductal adenocarcinoma, as well as other innovative targeted medicines for patients living with RAS-addicted cancers. About Revolution Medicines, Inc. Revolution Medicines is a late-stage clinical oncology company developing novel targeted therapies for patients with RAS-addicted cancers. The company’s R&D pipeline comprises RAS(ON) inhibitors designed to suppress diverse oncogenic variants of RAS proteins. The company’s RAS(ON) inhibitors daraxonrasib (RMC-6236), a RAS(ON) multi-selective inhibitor; elironrasib (RMC-6291), a RAS(ON) G12C-selective inhibitor; and zoldonrasib (RMC-9805), a RAS(ON) G12D-selective inhibitor, are currently in clinical development. The company anticipates that RMC-5127, a RAS(ON) G12V-selective inhibitor, will be its next RAS(ON) inhibitor to enter clinical development. Additional development opportunities in the company’s pipeline focus on RAS(ON) mutant-selective inhibitors, including RMC-0708 (Q61H) and RMC-8839 (G13C). For more information, please visit www.revmed.com and follow us on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any statements in this press release that are not historical facts may be considered "forward-looking statements," including without limitation statements regarding the company’s development plans and timelines and its ability to advance its portfolio and R&D pipeline, its vision to develop new global standards of care and the potential approval and commercial launch of the company’s product candidates. Forward-looking statements are typically, but not always, identified by the use of words such as "may," "will," "would," "believe," "intend," "plan," "anticipate," "estimate," "expect," and other similar terminology indicating future results. Such forward-looking statements are subject to substantial risks and uncertainties that could cause the company’s development programs, future results, performance or achievements to differ materially from those anticipated in the forward-looking statements. Such risks and uncertainties include without limitation risks and uncertainties inherent in the drug development process, including the company’s programs’ current stage of development, the process of designing and conducting preclinical and clinical trials, risks that the results of prior clinical trials may not be predictive of future clinical trials, clinical efficacy, or other future results, the regulatory approval processes, the timing of regulatory filings, the challenges associated with manufacturing drug products, the company’s ability to successfully establish, protect and defend its intellectual property, other matters that could affect the sufficiency of the company’s capital resources to fund operations, reliance on third parties for manufacturing and development efforts, changes in the competitive landscape, and the effects on the company’s business of the global events, such as international conflicts or global pandemics. For a further description of the risks and uncertainties that could cause actual results to differ from those anticipated in these forward-looking statements, as well as risks relating to the business of Revolution Medicines in general, see Revolution Medicines’ Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission (the “SEC”) on August 6, 2025, and its future periodic reports to be filed with the SEC. Except as required by law, Revolution Medicines undertakes no obligation to update any forward-looking statements to reflect new information, events or circumstances, or to reflect the occurrence of unanticipated events. Revolution Medicines Media & Investor Contact: [email protected] [email protected] |
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2025-09-29 13:10
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2025-09-29 09:00
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Dell's Re-Rating Is Just Beginning | stocknewsapi |
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SummaryDell Technologies Inc. expects FY26 revenue between $105–109 billion, with ISG driving growth through accelerated AI adoption and enterprise-scale deployments.AI server shipments are projected to double year-over-year, surpassing $20 billion, supported by an $11.7 billion backlog and expanding pipeline.DELL management anticipates ISG margins to improve in the second half as value engineering and stronger enterprise adoption take hold.The Windows 10 end-of-life refresh, impacting hundreds of millions of PCs, is set to fuel CSG demand through FY27.DELL stock’s forward P/E of 13.7x reflects rising earnings power, supported by FY26 EPS guidance of $9.55, up 17% year-over-year. Oselote/iStock via Getty Images
When I first published my first bullish call on Dell Technologies Inc. (NYSE:DELL) in March, I illustrated why the market was undervaluing the company's transformation into an AI infrastructure giant. Since then, the stock is up 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. Recommended For You |
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2025-09-29 13:10
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2025-09-29 09:01
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Vuzix Expands OEM Defense Program Base with New Six-Figure Waveguide Development Order from a Leading U.S. Defense Contractor | stocknewsapi |
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, /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, the "Company"), a leading supplier of AI-powered smart glasses, waveguides and Augmented Reality (AR) technologies, announced today that it has received a six-figure development order for customized waveguides from one of the nation's leading defense contractors. These waveguides will be designed to be used within a new lightweight heads-up display (HUD) for military personnel.
"Our advanced see-through display technologies and U.S.-based manufacturing capabilities are increasingly positioning us as a go-to supplier for next-generation wearable display solutions within the defense sector," said Paul Travers, President and Chief Executive Officer of Vuzix. "The number of defense programs with which we are involved continues to steadily expand and we look forward to updating you on both the programs that are underway as well as some we are pursuing." About Vuzix Corporation Vuzix is a leading designer, manufacturer and marketer of AI-powered Smart Glasses, Waveguides and Augmented Reality (AR) technologies, components and products for the enterprise, medical, defense and consumer markets. The Company's products include head-mounted smart personal display and wearable computing devices that offer users a portable high-quality viewing experience, provide solutions for mobility, wearable displays and augmented reality, as well OEM waveguide optical components and display engines. Vuzix holds more than 450 patents and patents pending and numerous IP licenses in the fields of optics, head-mounted displays, and the augmented reality wearables field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2024 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in: Rochester, NY; and Kyoto and Okayama, Japan. For more information, visit the Vuzix website, X and Facebook pages. Forward-Looking Statements Disclaimer Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward-looking statements contained in this release relate to Vuzix' business growth with this defense customer, further development programs, future orders, including potential volume production and the ultimate success of their respective programs and among other things the Company's leadership in the Smart Glasses and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law. Media and Investor Relations Contact: Ed McGregor, Director of Investor Relations Vuzix Corporation [email protected] Tel: (585) 359-5985 Vuzix Corporation, 25 Hendrix Road, West Henrietta, NY 14586 USA, Investor Information – [email protected]www.vuzix.com SOURCE Vuzix Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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2025-09-29 13:10
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2025-09-29 09:01
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Methanex Expands Methanol Bunkering Ops Via Partnerships | stocknewsapi |
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Key Takeaways Methanex partners in ARA and South Korea to expand methanol bunkering operations.TankMatch, Alpha Maritime and Hyodong Shipping support new bunkering services.The company leverages supply chain and safety expertise to meet rising methanol demand.
Methanex Corporation (MEOH - Free Report) recently announced new strategic partnerships, expanding methanol bunkering arrangements in two key maritime fueling hubs, the ARA (Amsterdam–Rotterdam–Antwerp) region and South Korea. The company is collaborating with TankMatch in the ARA region to provide barge-to-ship methanol bunkering, building on an arrangement previously made between OCI Global and UniBarge, which it acquired through the OCI purchase. In South Korea, Methanex is partnering with Alpha Maritime and Hyodong Shipping to enable last-mile bunkering operations. These partnerships strengthen the company’s role in leading the marine energy transition, allowing safe and reliable methanol fueling of two of the world’s busiest trade corridors. Leveraging MEOH’s expertise in local bunkering operators, combined with the reliable global supply chain, it will be able to provide a fully integrated and end-to-end methanol fuel solution. Methanex has also developed a comprehensive safety package and technical guidance for bunkering operators and shipping companies by utilizing its experience with methanol-fueled tankers operated through subsidiary, Waterfront Shipping. As demand for low-carbon methanol rises, Methanex continues to expand its logistics and supply chain to meet regulatory requirements, enabling the best shipping standards. The partners have also expressed confidence in this new arrangement and are looking forward to bringing their expertise to the table. MEOH’s shares have lost 2% over the past year compared with the industry’s 27.3% decline. Image Source: Zacks Investment Research MEOH’s Zacks Rank & Other Key PicksMEOH currently sports a Zacks Rank #1 (Strong Buy). Other top-ranked stocks in the Basic Materials space are Agnico Eagle Mines (AEM - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and The Mosaic Company (MOS - Free Report) . AEM sports a Zacks Rank #1, while CRS and MOS carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for AEM’s current-year earnings is pegged at $7.11 per share. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 10.03%. AEM’s shares have risen 105.9% in the past year. The Zacks Consensus Estimate for CRS’ current fiscal-year earnings is pegged at $9.51 per share, indicating a 27.14% year-over-year increase. Its earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with an average surprise of 8.38%. CRS’ shares have surged 57.9% in the past year. The Zacks Consensus Estimate for MOS’ 2025 earnings is pegged at $3.17 per share, indicating a rise of 60.10% from year-ago levels. The company’s earnings beat the consensus estimate in one of the trailing four quarters while missing it in the rest. MOS’ shares have gained 35.8% in the past year. |
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2025-09-29 13:10
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2025-09-29 09:04
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Standard Uranium inks definitive deal to option Rocas Project, kicks off first exploration program | stocknewsapi |
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Standard Uranium Ltd (TSX-V:STND, OTCQB:STTDF) announced that it has signed a definitive property option agreement with Collective Metals Inc, in which Collective Metals has been granted the option to acquire a 75% interest in the Rocas Project in Saskatchewan’s eastern Athabasca Basin region.
The uranium exploration company also said its technical team will mobilize to the Rocas Project on September 30, 2025, to undertake a detailed mapping, prospecting, and sampling program to ground-truth historical uranium showings at surface. "We are very pleased to have executed the Rocas Option deal with our new partners at Collective Metals quickly, allowing our team to get boots on the ground before the snow flies in Saskatchewan," Standard Uranium president Sean Hillacre said in a statement. "This inaugural program will allow us to build a comprehensive understanding of the geology across Rocas prior to a maiden drill program, in addition to ground-truthing historic uranium occurrences through scintillometer prospecting and re-sampling." Standard Uranium noted that multiple new drill target zones have been identified on the Rocas project. It added that ongoing geophysical interpretation and modeling is planned throughout 2025 to integrate historical results with newly collected datasets, which will provide high-priority drill targets and significantly derisk the project before modern drilling next year. The company stated it believes the project is highly prospective for the discovery of shallow, high-grade basement-hosted uranium mineralization. To receive its 75% interest, Collective Metals must pay C$225,000 in cash, issue C$725,000 in Collective Metals shares, and incur C$4.5 million worth of exploration expenditures over three years. |
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2025-09-29 13:10
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2025-09-29 09:05
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TABUK LAUNCHES VIBATIV® FDA-APPROVED ANTIBIOTIC WITH LIFE-SAVING POTENTIAL IN SAUDI ARABIA | stocknewsapi |
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Vibativ ® treats patients with pneumonia and serious skin infections
, /PRNewswire/ -- Specialty pharmaceutical companies Tabuk Pharmaceutical Manufacturing Company a fully owned subsidiary of Astra Industrial Group and a leading pharmaceutical company in the Middle East and Cumberland Pharmaceuticals Inc. (Nasdaq: CPIX), a specialty pharmaceutical company, today announced the launch of Cumberland's Vibativ® (telavancin) injection in Saudi Arabia. Tabuk Pharmaceutical Manufacturing Company and Cumberland Pharmaceuticals Inc. announced the launch of Cumberland’s Vibativ® (telavancin) injection in Saudi Arabia. The announcement follows an agreement between the companies providing Tabuk with the exclusive rights to register and promote the product for patients in Saudi Arabia and other countries in the Middle East. Vibativ is a patented, FDA-approved injectable anti-infective that can serve as a potentially life-saving treatment in patients with hospital-acquired and ventilator-associated pneumonia resulting from infections, including the flu and COVID-19. It is intravenously administered with once-daily dosing and does not require therapeutic drug monitoring, decreasing health care professionals' exposure to the patient. It is designed to treat serious infections due to Staphylococcus aureus (S. aureus) and other Gram-positive bacteria, including Methicillin-resistant Staphylococcus aureus (MRSA) and Methicillin-sensitive Staphylococcus aureus (MSSA). Vibativ addresses a range of Gram-positive bacterial pathogens, including those that are considered difficult-to-treat and multidrug-resistant. "Given the global concern about multidrug-resistant organisms, Vibativ is an important addition to our anti-infective portfolio and supports our mission to deliver unique health solutions and save the lives of people throughout the Middle Eastern countries we operate in," said Ismail Shehadah, CEO of Tabuk. "We believe Vibativ will provide our physicians with a powerful new tool to battle multidrug-resistant infections and we are excited to launch the product in Saudi Arabia." According to a recent report from the World Health Organization, antimicrobial resistance (AMR) is an urgent global health and socioeconomic crisis. Further, the global rise in antibiotic resistance poses a significant threat, diminishing the efficacy of many common antibiotics against widespread bacterial infections. Unlike many recently introduced antibiotics that are quickly losing the battle to fight the bacteria they were designed to kill because those bacteria have become drug-resistant, Vibativ was specifically designed to kill drug-resistant bacteria. The molecule of an existing antibiotic to which bacteria had developed a resistance, vancomycin, was altered by adding a lipophilic (fat-loving) component and a hydrophilic (water-loving) component. The lipophilic addition increases Vibativ's ability to penetrate the cell wall and inhibits the formation of new cell walls (the development of new and/or additional cell walls is the most common way that bacteria become resistant to drugs). The hydrophilic addition increases Vibativ's penetration into tissue, and is able to attack infections that are not reachable by other antibiotics. Studies show that Vibativ is just as potent today against difficult-to-treat and multidrug-resistant bacteria as it was when it was introduced over 10 years ago. "We are very pleased to expand the reach of Vibativ – an important and potentially life-saving drug – through this partnership with Tabuk," said A.J. Kazimi, CEO of Cumberland Pharmaceuticals. "We are confident that Tabuk has the resources and experience to ensure Vibativ reaches as many patients in Saudi Arabia as possible." About Vibativ® Vibativ® (telavancin) injection was discovered in a research program dedicated to finding new antibiotics for serious infections due to Staphylococcus aureus (S. aureus) and other Gram-positive bacteria, including MRSA and MSSA. Vibativ is a once-daily, injectable lipoglycopeptide antibiotic with in vitro potency, bactericidal activity within six hours and penetration into target infection sites. The drug is approved in the U.S. and Saudi Arabia for the treatment of adult patients with hospital-acquired and ventilator-associated bacterial pneumonia (HABP/VABP) caused by susceptible isolates of S. aureus when alternative treatments are not suitable. In addition, Vibativ is approved in the U.S. and Saudi Arabia for the treatment of adult patients with complicated skin and skin structure infections (cSSSI) caused by susceptible isolates of Gram-positive bacteria, including S. aureus, both methicillin-susceptible (MSSA) and methicillin-resistant (MRSA) strains. The product labeling also describes the use of Vibativ in treating patients whose pneumonia or skin infection is complicated by concurrent bacteremia. The product's proven efficacy against difficult-to-treat Gram-positive infections has been demonstrated in several large, multinational registrational studies, which involved one of the largest cohorts of patients with S. aureus infections studied to date. Importantly, these studies demonstrated significantly higher cure rates for Vibativ as compared to vancomycin in HABP/VABP due to any single Gram-positive pathogen or S. aureus with vancomycin MIC ≥1 µg/mL. Additionally, there is extensive and well-documented evidence of the drug's in vitro potency and in vivo activity against a broad collection of Gram-positive bacterial pathogens, including those that are considered difficult-to-treat and multidrug-resistant. For full prescribing information, including important safety information, visit www.vibativ.com. About Tabuk Pharmaceutical Manufacturing Co. Tabuk Pharmaceutical Manufacturing Company is a leading Saudi pharmaceutical company with a regional presence in the Middle East and North Africa. Tabuk Pharmaceuticals develops, manufactures, markets and distributes various pharmaceutical products, in addition to manufacturing pharmaceutical products for renowned international partners at its manufacturing sites in Saudi Arabia, as part of its continuous efforts to cover the needs of patients by providing high quality medicines. Tabuk Pharmaceuticals is a major player in the pharmaceutical sector not only in the Kingdom of Saudi Arabia, but also throughout the Middle East and North Africa, thanks to its four state-of-art manufacturing sites located in Tabuk and Dammam in the Kingdom, as well as in Sudan and Algeria, and orchestrated by a team of more than 2,400 employees. Tabuk Pharmaceuticals reaches patients in 17 countries in the Middle East and Africa, in addition to futuristic plans to expand its presence in the region. About Cumberland Pharmaceuticals Cumberland Pharmaceuticals Inc. is the largest biopharmaceutical company founded and headquartered in Tennessee and is focused on providing unique products that improve the quality of patient care. The company develops, acquires, and commercializes products for the hospital acute care, gastroenterology and oncology market segments. The company's portfolio comprises six FDA-approved brands. The company also has a series of Phase II clinical programs underway evaluating its ifetroban product candidate in patients with cardiomyopathy associated with Duchenne Muscular Dystrophy, Systemic Sclerosis and Idiopathic Pulmonary Fibrosis. For more information, visit www.cumberlandpharma.com. Forward-Looking Statements This press release contains forward-looking statements, which are subject to certain risks and reflect Cumberland's current views on future events based on what it believes are reasonable assumptions. No assurance can be given that these events will occur. Forward-looking statements include, among other things, statements regarding the company's intent, belief or expectations, and can be identified by the use of terminology such as "may," "will," "expect," "believe," "intend," "plan," "estimate," "should," "seek," "anticipate," "look forward" and other comparable terms or the negative thereof. As with any business, all phases of Cumberland's operations are subject to factors outside of its control, and any one or combination of these factors could materially affect Cumberland's operation results. These factors include macroeconomic conditions, including rising interest rates and inflation, competition, an inability of manufacturers to produce Cumberland's products on a timely basis, failure of manufacturers to comply with regulations applicable to pharmaceutical manufacturers, natural disasters, public health epidemics, maintaining an effective sales and marketing infrastructure, and other events beyond the company's control as more fully discussed in its most recent annual report on Form 10-K as filed with the U.S. Securities and Exchange Commission (SEC), as well as the company's other filings with the SEC from time to time. There can be no assurance that results anticipated by the company will be realized or that they will have the expected effects. Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. The company does not undertake any obligation to publicly revise these statements to reflect events after the date hereof. SOURCE Cumberland Pharmaceuticals Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In |
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2025-09-29 13:10
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2025-09-29 09:05
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Minerals Technologies Inc. Expands Capacity and Upgrades Operations to Meet Growing Cat Litter Demand | stocknewsapi |
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September 29, 2025 09:05 ET
| Source: Minerals Technologies Inc. --- Announces capex investments in pet care facilities in the United States, Canada, and China --- --- Investments will increase capacity and address key customer requirements, including innovation and best-of-class quality --- NEW YORK, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE: MTX) (“MTI”), a leading, technology-driven specialty minerals company, today announced significant investments in three of its plants to support the growth of its SIVO™ pet care business. The upgrades, which are already underway and expected to be completed by the end of 2025, will create best-of-class facilities that will meet customers’ requirements for high-quality cat litter and increased supply needs. MTI has made investments into its plants in Dyersburg, Tennessee in the United States, Brantford, Ontario in Canada, and Chaoyang City, Liaoning Province in China. In Dyersburg and Brantford, these investments broaden the plants’ manufacturing capability, including through streamlined logistics processes, which will allow for increased throughput and greater flexibility to meet customer demand. In Chaoyang City, the investment will significantly expand the plant’s capacity in order to serve a growing and diverse market. "Cat ownership is at the highest level it has been in a decade and continues to grow, so we are upgrading our plants in order to expand our capacity and support our customers’ needs,” said D.J. Monagle III, Group President of MTI’s Consumer & Specialties Segment. “These investments will help improve productivity, safety, quality, and capacity at our facilities and allow us to meet the growing customer demand for innovative, high-quality cat litter solutions.” SIVO™ is MTI’s pet care division and the global leader in private label cat litter. It offers a full assortment of cat litter in customizable formulas, sizes, and package formats. SIVO™ serves regional markets as well as customers around the world with operations on five continents. Its globally distributed mineral reserves, vertically integrated supply chain, and technologies and applications expertise at its plants uniquely position SIVO™ to work with major brands and private label partners to enhance the pet ownership experience. “With over 35 years of experience in the cat litter industry and deep mineral application expertise, our pet care team continues to bring innovative products to market,” said MTI Chairman and Chief Executive Officer Douglas T. Dietrich. “The investments at our plants will not only increase our capacity but also address key customer requirements for R&D and packaging, high-quality products, and strategically located facilities that will help us grow the private label cat litter category.” To learn more about SIVO™, visit www.mineralstech.com/pet-care. About Minerals Technologies Inc. Minerals Technologies Inc. (NYSE:MTX) is a global, technology-driven specialty minerals company that develops, produces, and markets a wide range of minerals and mineral-based products and services. We utilize global mineral reserves with our core technologies and applications to deliver innovative solutions for products that are part of everyday life. We serve customers in consumer and industrial markets worldwide, have 4,000 employees in 34 countries, and reported global sales of $2.1 billion in 2024. For further information, visit www.mineralstech.com. Investor Relations Contact Lydia Kopylova [email protected] Media Contact Stephanie Heise [email protected] |
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2025-09-29 13:10
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Nike Earnings: History Shows 63% Chance of Post-Report Drop | stocknewsapi |
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SAN DIEGO, CALIFORNIA - MAY 3: Shoppers stand in line at a Nike outlet store on May 3, 2025 in San Diego, California. (Photo by Kevin Carter/Getty Images)
Getty Images Nike (NYSE: NKE) is set to publish its fiscal first-quarter earnings (for the May fiscal year) on Tuesday, September 30, 2025, with analysts expecting earnings of 26 cents per share on $10.99 billion in revenue. This would signify a 63% year-over-year decrease in earnings and a 5% decline in sales in comparison to the previous year’s figures of $0.70 per share and $11.61 billion in revenue. Historically, NKE stock has fallen 63% of the time after earnings announcements, with a median one-day decrease of 6.5% and a maximum decline of 20%. Also, see Buy or Sell Nike Stock? Nike entered Q1 FY2026 with guidance indicating a mid-single-digit revenue reduction and a 350–425 bps impact on gross margin, which includes around 100 bps from new U.S. tariffs. Expenses are projected to rise slightly in the low single digits as the company invests in brand and wholesale initiatives. Tariffs, aging inventory, and subdued demand in China remain significant obstacles, while the success of the “Win Now” turnaround strategy will be crucial for Nike to halt its decline. Also, take a look at NuScale Stock: Big Gains, Bigger Risk The company currently has a market capitalization of $102 billion. Over the last twelve months, revenue stood at $46 billion, and it recorded operational profitability with $3.7 billion in operating profits and a net income of $3.2 billion. Much will depend on how the results compare to consensus and expectations; however, grasping historical trends could provide an advantage if you are an event-driven trader. For event-driven traders, historical trends can provide an advantage, whether by preparing ahead of earnings or responding to movements post-release. If you seek potential gains with lower volatility compared to individual stocks, the Trefis High Quality Portfolio serves as an alternative, having surpassed the S&P 500 and achieved returns exceeding 91% since its inception. See earnings reaction history of all stocks. Historical Odds Of Positive Post-Earnings ReturnHere are some insights into one-day (1D) post-earnings returns: MORE FOR YOU Over the past five years, there have been 19 recorded earnings data points, with 7 positive and 12 negative one-day (1D) returns noted. Overall, positive 1D returns occurred approximately 37% of the time.This rate, however, declines to 25% when we look at data from the last 3 years instead of 5.Median of the 7 positive returns = 6.7%, and median of the 12 negative returns = -6.5%Additional information regarding 5-Day (5D) and 21-Day (21D) returns following earnings is compiled alongside the statistics in the table below. NKE Correlation Between 1D, 5D, and 21D Forward Returns Trefis Correlation Between 1D, 5D, and 21D Historical ReturnsA comparatively lower-risk strategy (though it’s ineffective if the correlation is weak) involves understanding the relationship between short-term and medium-term returns after earnings, identifying a pairing with the strongest correlation, and executing the suitable trade. For instance, if 1D and 5D demonstrate the highest correlation, a trader may choose to position “long” for the subsequent 5 days if the 1D post-earnings return is positive. Below is some correlation information based on 5-year and 3-year (more recent) history. The correlation labeled 1D_5D refers to the connection between 1D post-earnings returns and later 5D returns. NKE Correlation Between 1D, 5D, and 21D Historical Returns Trefis Discover more about the Trefis RV strategy that has surpassed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000), generating strong returns for investors. |
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2025-09-29 13:10
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Electronic Arts: What's Happening With EA Stock? | stocknewsapi |
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CANADA - 2025/09/28: In this photo illustration, the EA Sports logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images Electronic Arts’ stock (NASDAQ: EA) jumped 15% on Friday, September 26, after a Wall Street Journal article indicated that the firm is close to a $50 billion private acquisition, elevating its market capitalization to $48 billion. However, the company’s fundamental performance unveils a more intricate scenario beneath this favorable market reaction. For investors looking for growth with less volatility compared to holding individual stocks like EA, diversified strategies are worth exploring. The Trefis High Quality Portfolio has consistently surpassed its benchmark—a mix of the S&P 500, Russell, and S&P MidCap indexes—and has generated returns of over 91% since its inception. Why is this the case? As a collective, HQ Portfolio stocks have delivered superior returns with reduced risk compared to the benchmark index; a smoother ride, as can be observed in HQ Portfolio performance metrics. Separately, see – What’s Behind The 2x Rise In IBM Stock? Valuation: Trading at a PremiumEA trades at a notable premium to the S&P 500 across all significant metrics: Price-to-Sales: 6.5x compared to 3.3xPrice-to-Free Cash Flow: 27.7x in contrast to 21.1xPrice-to-Earnings: 46.5x versus 23.8xRevenue Growth: Lagging the MarketEA’s revenue growth consistently lags behind the broader market: 3-year average growth: 1.3% annually compared to 5.3% for the S&P 500Trailing 12-month growth: 2.4% ($7.3 billion to $7.5 billion) against 5.1%Latest quarter: 0.7% year-over-year versus 6.1%Profitability: Solid PerformanceEA’s margins typically meet or surpass market benchmarks: MORE FOR YOU Operating margin: 19.8% compared to 18.6% for the S&P 500Operating cash flow margin: 26.4% against 20.3%Net income margin: 13.9% compared to 12.7%Balance Sheet: Exceptionally StrongEA maintains a prudent financial stance: Debt-to-Equity ratio: 4.0% against 20.7% for the S&P 500Cash-to-Assets ratio: 13.9% compared to 7.0% ($1.6 billion cash of $12 billion total assets)Downturn Performance: Inconsistent ResilienceEA's performance during market downturns has fluctuated notably: 2022 Inflation Shock: -26.7% (versus -25.4% for S&P 500); recovered by July 20242020 COVID Pandemic: -23.4% (compared to -33.9%); recovered by April 20202008 Financial Crisis: -75.8% (as opposed to -56.8%); took until May 2015 to recoverConcerned about EA stock's unpredictable performance during economic recessions? Consider the Trefis Reinforced Value (RV) Portfolio, which has surpassed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to deliver strong returns for investors. Why is that? The quarterly rebalanced blend of large-, mid-, and small-cap RV Portfolio stocks has provided a nimble means to capitalize on favorable market conditions while mitigating losses when markets downturn, as detailed in RV Portfolio performance metrics. The Bottom LineEA presents a disparity between strong fundamentals and weak growth. The company upholds excellent profitability and an exceptionally robust balance sheet, yet revenue growth markedly lags the market. This engenders a valuation paradox: premium multiples lacking support from growth momentum. The analyst consensus price target of $175—about 10% lower than the current price—more accurately reflects EA’s operational realities. While the potential privatization provides short-term benefits for shareholders, the public market valuation has advanced beyond the company's fundamental performance. |
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2025-09-29 13:10
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Moonlake: What's Happening With MLTX Stock? | stocknewsapi |
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CANADA - 2025/06/03: In this photo illustration, the MoonLake Immunotherapeutics (Moon Lake) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)
SOPA Images/LightRocket via Getty Images MoonLake Immunotherapeutics (NASDAQ: MLTX), a biopharmaceutical firm in the clinical stage, experienced substantial fluctuations last week. The stock climbed 10% on Friday, September 26, as investors expected favorable outcomes from Phase 3 trials of sonelokimab for hidradenitis suppurativa. However, this optimism turned out to be premature. On Sunday, the company revealed outcomes from two pivotal trials, VELA-1 and VELA-2. While both studies technically met their primary and essential secondary endpoints using a pre-determined treatment policy method, the extent of the results differed significantly: VELA-1: Sonelokimab exhibited a 17% greater response rate compared to placebo under composite analysisVELA-2: Only a 9% enhancement over placebo was recordedThe results from VELA-2 did not meet expectations, causing an approximate 90% drop in the stock during extended trading post-announcement. This sharp shift underscores the intrinsic volatility of clinical-stage biotech investments, where a single data release can dramatically transform valuations overnight. For investors looking for growth with less volatility than holding a single stock like Moonlake, consider the High Quality Portfolio. It has consistently outperformed its benchmark—a mix of the S&P 500, Russell, and S&P MidCap indexes—and has achieved returns of over 91% since its launch. What accounts for this? As a collective, HQ Portfolio stocks provided superior returns with reduced risk compared to the benchmark index; a smoother experience, as illustrated in HQ Portfolio performance metrics. In addition, see – IBM Stock Analysis: 2x Rise On Back of Strong Fundamentals But Valuations Stretched Strategic Importance of SonelokimabSonelokimab is MoonLake’s most essential asset, with peak sales estimates surpassing $4 billion. Following the unsatisfactory VELA-2 results, analysts are likely to adjust their revenue forecasts and price targets downward. The current mean analyst price target of $76 will probably be revised to reflect the diminished commercial potential. Financial Position AnalysisMoonLake’s financial profile displays both strengths and weaknesses: MORE FOR YOU Strengths: A cash position of $425 million (92% of total assets)Manageable debt amounting to $76 millionA favorable debt-to-equity ratio below 2%Challenges: No commercial products generating revenueOperating cash burn of $201 million in the past twelve monthsAbout two years of cash runway at the current burn rateWhile cash outflow is anticipated for clinical-stage companies, the combination of lower commercial expectations and ongoing high expenses creates financial strain. Investment RisksThe stock comes with several risk factors: Regulatory uncertainty: Weaker VELA-2 results may complicate discussions regarding FDA approvalValuation concerns: The stock was trading near historic highs before the announcement, suggesting limited upside and significant downside riskRevenue timeline: Years away from potential commercialization with no interim revenue streamsCash runway pressure: May necessitate additional financing within two years, possibly diluting current shareholdersSingle-asset dependency: The company’s valuation is heavily reliant on the success of sonelokimabClinical execution risk: Inconsistent trial outcomes raise concerns about drug efficacy and future study resultsCompetitive landscape: Other treatments in the pipeline could diminish market share forecastsThe Bottom LineConsidering the heightened risks and uncertain commercial prospects following the recent trial results, MoonLake is viewed as a speculative investment that may not be appropriate for most investors. The stock’s recent increase, alongside the disappointing VELA-2 data, indicates potential near-term downward pressure. Instead of focusing capital in individual high-risk biotech stocks without thorough analysis, investors should consider diversified, professionally managed portfolios. Take a look at the Trefis Reinforced Value (RV) Portfolio, which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000 benchmark indices) to deliver strong returns for investors. What accounts for this? The quarterly rebalanced mix of large-, mid-, and small-cap RV Portfolio stocks offers a responsive strategy to capitalize on favorable market conditions while mitigating losses when markets decline, as explained in RV Portfolio performance metrics. |
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2025-09-29 13:10
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2025-09-29 09:05
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Costco Investors Will Get A “Special” Treat For Christmas | stocknewsapi |
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Costco Wholesale Today
COST Costco Wholesale $915.95 -27.36 (-2.90%) As of 09/26/2025 04:00 PM Eastern 52-Week Range$867.16▼ $1,078.23Dividend Yield0.57% P/E Ratio50.30 Price Target$1,072.00 Costco NASDAQ: COST investors can look forward to a special treat this Christmas: a special dividend. While not yet announced, the trends suggest this company is on track to deliver another substantial payment to its shareholders. The company generates significant cash flow and free cash flow, has built a $14 billion cash pile, and has a history of special payments, with the last two made in December. The critical takeaways are that, whether or not the special dividend is paid in December, a special dividend is on the way and will likely top $10 per share, potentially reaching $15, for a yield of roughly 1% to 1.5%. Get Costco Wholesale alerts: Costco Outperforms in Q4: Cash Pile Swells in F2025 Costco had a solid quarter in FQ4, outperforming the broad market and its industry, producing 8.1% year-over-year growth and strong margins. The revenue growth outpaced MarketBeat’s consensus figure, driven by a 6.4% system-wide comp, an increase in store count, and a rise in membership. Canada was strongest with an 8.3% gain, but all segments, including the core US segment, grew by at least 6%. Membership, a forward-looking metric, increased by 6.3%, while digital, another key growth pillar, expanded by 13.6%. Earnings news is also favorable to the special dividend outlook. The company generated substantial margins at all levels, growing its operating, net income, and GAAP earnings at an accelerated pace compared to revenue. The critical detail is that net income increased by nearly 10% and GAAP earnings by 11%, providing ample cash flow to enable the company to increase its capital spending outlook without impairing its financial health. Executives are planning to open as many as 35 new stores in FY2026, a 3.8% increase that will underpin system-wide growth for the foreseeable future. The balance sheet details highlight the company’s strength and ability to pay a special dividend. The cash pile swelled by 43% in F2025 while receivables, current, and total assets all increased. Current assets increased by $4.1 billion, or 12%, while total assets increased by $7 billion, or 10%, offsetting the smaller increases in liabilities to drive a 23% increase in shareholder equity. The company’s leverage is also very low, with total liabilities about 1.6 times the equity and long-term debt much lower. Regarding the cost of the anticipated special dividend, the 2023 payment amounted to $6.7 billion, well within Costco’s ability to pay in 2025. Analysts and Institutions Provide Solid Support for Costco in 2025 Costco Wholesale Stock Forecast Today12-Month Stock Price Forecast: $1,069.58 16.77% Upside Moderate Buy Based on 27 Analyst Ratings Current Price$915.95High Forecast$1,418.00Average Forecast$1,069.58Low Forecast$907.00Costco Wholesale Stock Forecast Details Analyst sentiment trends dampened in early 2025, with several price target reductions, but it remains bullish for this market and provides solid support. The group of 26 tracked by MarketBeat exhibits a bullish bias; 17, or 65%, of them rate the stock as a Buy, with no Sell ratings, and the price target continues to trend higher. The bulk of revisions are to an above-consensus level, amounting to new all-time highs when reached. Likewise, the institutional trends are bullish for Costco stock, including a 58% ownership rate and the group buying on balance all year at a pace of more than $2 to $1. The technical outlook is mixed, with shares falling in the wake of the release but holding above critical support levels. The crucial support level aligns with the bottom of the near-term trading range at $900, a level where institutional activity is likely to increase. Assuming COST remains above the critical support level, it should rebound quickly and rally into the end of the year as dividend hunters and dividend scalpers move into the market. A move to new highs will mark a shift in the market, opening the door to another sustained rally that could take this stock to the analysts’ high-end range near $1225. Should You Invest $1,000 in Costco Wholesale Right Now?Before you consider Costco Wholesale, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Costco Wholesale wasn't on the list. While Costco Wholesale currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential. Get This Free Report |
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2025-09-29 13:10
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2025-09-29 09:05
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Lamar Advertising Boosts Financial Flexibility With $1.1B Refinancing | stocknewsapi |
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Key Takeaways Lamar raised $400M from 5.375% Senior Notes due 2033 via private placement.The company secured a new $700M Term-Loan B, replacing debt due in 2027.Refinancing enhances liquidity and improves Lamar's debt maturity profile.
Lamar Advertising Company (LAMR - Free Report) announced that it has completed refinancing transactions totaling $1.1 billion via its wholly owned subsidiary, Lamar Media Corp. The move will aid the balance sheet strength required for future growth endeavors. The transactions comprised the sale of 5.375% Senior Notes due 2033, amounting to $400 million through an institutional private placement. The sale proceeds are to be used for repayment of debt outstanding under the revolving portion of its senior credit facility and the Accounts Receivable Securitization Program. Moreover, Lamar secured a new Term-Loan B (“TLB”) facility to the tune of $700 million. The seven-year TLB carries an interest rate of 150 basis points over SOFR. It serves as a replacement for the existing $600 million TLB, due 2027, and a part of the revolving portion of the senior credit facility. LAMR: In a NutshellThis refinancing offers Lamar enhanced financial flexibility. The extended maturities of the assumed debt will help the company improve its maturity profile and enjoy greater liquidity for day-to-day operations. LAMR makes efforts to boost its cash flow and alleviate bottom-line pressure. As of June 30, 2025, the company had $363 million of liquidity, consisting of $55.7 million of cash and cash equivalents and $307.3 million available under its revolving portion of senior credit facility. In the past six months, shares of this Zacks Rank #3 (Hold) company have risen 6.9% against the industry's decline of 0.2%. Image Source: Zacks Investment Research Stocks to ConsiderSome better-ranked stocks from the REIT sector are Welltower (WELL - Free Report) and SL Green Realty (SLG - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Zacks Consensus Estimate for WELL’s 2025 FFO per share has been revised marginally upward over the past two months to $5.08. The Zacks Consensus Estimate for SLG’s current-year FFO per share has been revised northward by 15.4% in the past three months to $6.21. Note: Anything related to earnings presented in this write-up represents FFO — a widely used metric to gauge the performance of REITs. |
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2025-09-29 13:10
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Does Walmart's International Strength Signal Growth Ahead? | stocknewsapi |
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Key Takeaways Walmart's Q2 results highlight international strength, with net sales up 10.5% on a cc basis.China sales rose 30%, fueled by online growth and 455 cloud stores enabling rapid delivery.
Walmex posted 4.4% comp sales growth, supported by double-digit e-commerce and festive demand. Walmart Inc.’s (WMT - Free Report) second-quarter fiscal 2026 results highlighted the growing importance of its international business, which delivered strong sales growth and continued to solidify the company’s overall performance. On a constant currency (cc) basis, international net sales rose 10.5%, led by strength in China, Walmex and Flipkart. These markets not only provided a top-line lift but also demonstrated how Walmart’s global operations are becoming an increasingly vital growth engine. Segment e-commerce sales advanced 22%, driven by store-fulfilled pickup & delivery and marketplace. China remains a standout, with sales climbing 30% in the quarter. More than half of Walmart’s sales in the market are initiated online, supported by 455 cloud stores that allow the company to reach customers within an hour. This rapid delivery model has given Walmart an edge in meeting rising consumer expectations for convenience. In India, momentum is being driven by quick-commerce capabilities through Flipkart and Myntra. Mexico and Canada also contributed meaningfully, with Walmart expanding its e-commerce platforms to create more unified shopping experiences across first-party and third-party sellers. Walmex saw comparable sales rise 4.4%, backed by double-digit e-commerce growth and festive event strength. Despite the solid top-line gains, profitability in the international segment faced some pressure. The segment’s operating income declined 2.8% on a cc basis, reflecting investments in wages, technology and quick commerce infrastructure. These costs highlight Walmart’s strategy of prioritizing long-term capability building over near-term margin expansion. Final Words on WMTWalmart’s international markets are becoming central to its growth story. With strong performance across China, India, Mexico and Canada, the Zacks Rank #3 (Hold) company is proving that its global operations can not only deliver sales momentum but also lay the groundwork for sustainable growth in the years ahead. Image Source: Zacks Investment Research Shares of WMT have rallied 27.8% in the past year compared with the industry’s growth of 27.1%. 3 Retail Stocks to ConsiderSally Beauty Holdings, Inc. (SBH - Free Report) operates as a specialty retailer and distributor of professional beauty supplies. It currently sports a Zacks Rank of 1 (Strong Buy). SBH delivered a trailing four-quarter average earnings surprise of 8.3%. You can see the complete list of today’s Zacks #1 Rank stocks here. The Zacks Consensus Estimate for Sally Beauty’s current fiscal-year earnings indicates growth of 8.9%, from the year-ago actuals. The TJX Companies, Inc. (TJX - Free Report) , an off-price retailer, currently carries a Zacks Rank #2 (Buy). TJX delivered a trailing four-quarter earnings surprise of 5.4%, on average. The Zacks Consensus Estimate for The TJX Companies’ current financial-year sales and earnings implies growth of 5.4% and 7.5%, respectively, from the year-ago reported numbers. Kohl’s Corporation (KSS - Free Report) , an omnichannel retailer, currently carries a Zacks Rank #2. KSS delivered a trailing four-quarter earnings surprise of 29.2%, on average. The Zacks Consensus Estimate for Kohl’s current fiscal-year earnings per share has risen from 38 cents to 66 cents over the past 30 days. |
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4 Computer Peripheral Equipment Stocks in Focus in a Thriving Industry | stocknewsapi |
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The Zacks Computer-Peripheral Equipment industry players like Logitech (LOGI - Free Report) , Immersion (IMMR - Free Report) , Identiv (INVE - Free Report) and TransAct Technologies (TACT - Free Report) are well-poised to benefit from the growing demand for professional gaming accessories, touchscreen and wireless devices, smart glasses and RFID (Radio Frequency Identification) solutions. A continuously improving shipment of personal computers (PCs) bodes well for PC peripheral market prospects. Moreover, the solid demand for 3D-printed health equipment like face shields, nasal swabs and ventilator parts has been a tailwind.
However, the industry has been suffering from macroeconomic headwinds, including inflationary pressures and high interest rates. These have induced sluggishness in IT spending, affecting the demand for computer peripherals. Moreover, the near-term prospects of the PC industry seem highly volatile, given an uncertain environment triggered by the U.S. government’s new tariff policies. Industry Description The Zacks Computer-Peripheral Equipment industry comprises companies offering computer input, output and storage devices. These include keyboards, mice, LCD panels, smart glass, analog-to-digital imaging solutions, touch sensors, 3D printers & additive manufacturing and transaction-based printer products, among others. Moreover, video gaming accessories, including gaming mice, wired gaming headsets, in-ear gaming headphones and controllers for Xbox One and PlayStation, are offered by these companies. The highly competitive nature of the industry is encouraging participants to develop innovative and relevant products that meet the current demand trend. This is strengthening their product portfolios. Trends Shaping the Future of the Computer-Peripheral Equipment Industry Shift in Consumer Preference - A Key Catalyst: The gradual shift in consumer preference from mobile gaming to a more professional gaming experience is a major growth driver. The launch of advanced gaming devices and the rising popularity of e-sports leagues are expected to boost prospects. Markedly, e-sports is also likely to continue aiding the total addressable market in the gaming peripherals industry. In addition, the 3D printing market presents a favorable long-term investment opportunity as a large number of engineers, designers, architects and entrepreneurs are resorting to 3D solutions for primary designing and product modeling. Additionally, the increasing adoption of advanced 3D technologies across various industries, including medical, aerospace, and automotive, is a significant driving force for this industry. Expanding Global Footprint: The expansion of the total addressable market bodes well for the industry participants. Deepening penetration into price-sensitive regions, such as the Asia Pacific and the Middle East & Africa, through low-cost, high-quality products boosts growth prospects. Improving Commercial PC Demand to Boost Prospects: An increase in commercial PC demand is likely to benefit the computer peripherals industry’s prospects in the near term. Rising interest in PCs equipped with on-device AI capabilities is likely to drive demand for commercial PCs. The beginning of the PC refreshment cycle and Windows 11 upgrades are likely to remain key catalysts for PC market growth in the quarters ahead. This will provide further growth momentum to the computer peripherals equipment industry, as PCs are the primary drivers of sales for companies in this space. Macroeconomic Headwinds May Impact IT Spending: High interest rates and prolonged inflationary conditions are affecting consumer spending. On the other hand, enterprises are postponing their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. The U.S. government’s new tariff policies on imports could raise costs for both suppliers and end-users in the coming months. This does not bode well for the prospects of the Computer-Peripheral Equipment market in the near term. Elevated Operating Expenses to Hurt Profitability: To survive in the highly competitive computer peripheral market, each player is aggressively investing in research and development to enhance their product portfolio and broaden their capabilities. Moreover, companies are seeking to enhance their sales and marketing capabilities, particularly by expanding their sales force. Elevated operating expenses, aimed at capturing more market share, are likely to dent margins in the near term. Zacks Industry Rank Indicates Bright Prospects The Zacks Computer-Peripheral Equipment industry is housed within the broader Zacks Computer and Technology sector. It carries a Zacks Industry Rank #30, which places it in the top 12% of approximately 250 Zacks industries. The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates robust near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one. The industry’s position in the top 50% of the Zacks-ranked industries is a result of the positive earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are optimistic about this group’s earnings growth potential. Given the bright industry outlook, several stocks are worth watching. However, before we present the stocks that you may want to consider for your portfolio, let’s take a look at the industry’s recent stock market performance and valuation. Industry Outperforms S&P 500 But Lags Sector The Zacks Computer-Peripheral Equipment industry has underperformed the S&P 500 composite and the broader Zacks Computer and Technology sector in the trailing 12 months. The industry has soared 20.4% during this period. The S&P 500 and the broader sector have risen 17.2% and 28.3%, respectively, over the same time frame. One-Year Price Performance Industry's Current Valuation Based on the forward 12-month P/S, which is a commonly used multiple for valuing computer peripheral stocks, we see that the industry is currently trading at 0.90X compared with the S&P 500’s 5.40X and the Zacks Computer and Technology sector’s 7.01X. Over the last five years, the industry has traded as high as 4.81X, as low as 0.20X and at the median of 0.74X, as the chart below shows. Trailing 12-Month P/S Ratio (Industry vs. S&P 500) Trailing 12-Month P/S Ratio (Industry vs. Sector) 4 Stocks in Focus TransAct Technologies: The company designs, develops, manufactures and markets transaction-based printers and related products under the BOHA, AccuDate, Epic and Ithaca brand names. This Zacks Rank #2 (Buy) company focuses on five vertical markets — point-of-sale, gaming and lottery, financial services, kiosks and the Internet. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. TransAct Technologies is benefiting from the growing demand for its products and services amid accelerated digital transformation and business automation across organizations. The company's printers are trusted worldwide to provide crisp, clean transaction records from receipts, tickets and coupons, register journals and other documents. The Zacks Consensus Estimate for the 2025 bottom line is pegged at a loss of 15 cents per share, narrower than the loss of 19 cents projected 60 days ago. The stock has risen 9.1% over the past year. Price and Consensus: TACT Identiv offers RFID, Internet of Things (IoT) devices and IoT software platforms. Its growing dominance in the RFID-enabled IoT business benefits top-line growth. The company is also benefiting from securing successful design agreements. Its technical proficiency in intellectual property, expertise in the RFID segment and ongoing deal wins position it well in the IoT market. The Zacks Consensus Estimate for this Zacks Rank #2 company’s 2025 loss is pegged at 95 cents per share, narrower than the loss of $1.13 projected 60 days ago. Its shares have gained 3.1% over the past year. Price and Consensus: INVE Immersion: The company is a trailblazer in the flourishing haptic technology space, which provides tactile feedback for several industries, such as gaming, automotive and virtual reality (VR). The demand for haptic technology is growing, and IMMR’s strong intellectual property portfolio — backed by several patents — positions it well to capitalize on this growth. Immersion’s technology is already integrated into more than three billion devices globally. Its impressive client base includes more than 150 licensed customers. This Zacks Rank #3 (Hold) company’s strong market presence solidifies its position as a key player in the haptic space. IMMR’s partnerships are a major factor driving its market success. Licensing agreements with Sony Group, Samsung and Meta Platforms extend Immersion’s reach into VR, gaming and mobile markets. The Zacks Consensus Estimate for fiscal 2026 earnings has remained unchanged at 42 cents per share over the past 60 days. IMMR stock has declined 19.9% in the past 12 months. Price and Consensus: IMMR Logitech: It is a global leader in peripherals for personal computers and other digital platforms. The company develops and markets innovative products in PC navigation, Internet communications, digital music, home entertainment control, video security, interactive gaming and wireless devices. Logitech’s back-to-back strong quarterly results have boosted investors’ confidence in its recovery from the post-pandemic downturn. The latest reported results for the first quarter of fiscal 2026 marked the sixth consecutive quarter of year-over-year sales growth after two and a half years of downturn post the pandemic-driven boom. Increasing hybrid work trends are likely to boost demand for its video collaboration, keyboards & combos and pointing device tools. Thriving cloud-based video conferencing services continue to be its key catalyst. The rising adoption of new mobile platforms in both mature and emerging markets should fuel the demand for its peripherals and accessories. Its partnerships with cloud providers like Zoom Video and Microsoft are major upsides. The Zacks Consensus Estimate for fiscal 2026 earnings has been revised upward by a penny to $5.04 per share over the past seven days. Shares of this Zacks Rank #3 company have soared 20.7% over the past year. Price and Consensus: LOGI |
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First Northwest Bancorp (FNWB) Soars 5.0%: Is Further Upside Left in the Stock? | stocknewsapi |
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First Northwest Bancorp (FNWB - Free Report) shares soared 5% in the last trading session to close at $7.75. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 4.2% loss over the past four weeks.
With the Federal Reserve starting an interest rate cut cycle and hinting at two more rate cuts this year, banking stocks are in the spotlight. As rates come down, banks' funding/deposit costs are expected to stabilize and the lending scenario is likely to improve. Thus, riding on investor optimism for banking stocks, FNWB moved higher. This company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +178.3%. Revenues are expected to be $17.4 million, up 10.1% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements. For First Northwest Bancorp, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on FNWB going forward to see if this recent jump can turn into more strength down the road. The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> First Northwest Bancorp is a member of the Zacks Banks - West industry. One other stock in the same industry, Hanmi Financial (HAFC - Free Report) , finished the last trading session 1.2% higher at $25.11. HAFC has returned -1.8% over the past month. For Hanmi Financial, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.65. This represents a change of +32.7% from what the company reported a year ago. Hanmi Financial currently has a Zacks Rank of #3 (Hold). |
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2025-09-29 13:10
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2025-09-29 09:05
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Globalstar Bets on XCOM RAN: Could This Be the Next Big Growth Driver? | stocknewsapi |
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Key Takeaways Globalstar launched XCOM RAN, claiming at least 4x higher capacity than baseline 5G NR systems.The firm completed its first 5G data call using XCOM RAN over n53 spectrum with 100/60 Mbps speeds.Heavy XCOM RAN investment cut Q2 EBITDA by $1.9M, though 2025 revenue is guided at $260-$285M.
Globalstar, Inc. (GSAT - Free Report) , known for its satellite communications services, is making a strategic bet on XCOM’s Radio Access Network (RAN) technology as another key growth driver in its evolving portfolio. In February 2024, Globalstar announced the commercial availability of its XCOM RAN multipoint RAN for private wireless deployments, highlighting that it could deliver at least 4 times higher capacity compared to baseline 5G NR systems. In December 2024, Globalstar achieved its first 5G data call using XCOM RAN over its n53 spectrum, reaching speeds of 100 Mbps downlink and 60 Mbps uplink. This experiment used prototype radios and 5G modules, and demonstrated that the combination of XCOM’s radio technology with licensed mid-band spectrum can support demanding, mission-critical applications. In August 2025, the company revealed that its XCOM RAN architecture would be used to evaluate high-capacity 5G systems tailored for defense and tactical environments. Globalstar continues to advance the software-defined, end-to-end XCOM RAN solution, supported by strong technical validation and growing interest from prospective partners. Offering lower latency, greater spectral efficiency, easier deployment and dynamic spectrum sharing, XCOM RAN has the potential to significantly broaden Globalstar’s addressable market while enabling future hybrid satellite-terrestrial architectures. In the second quarter, Globalstar invested heavily in the continued development and enhancement of XCOM RAN. These efforts, while increasing cash costs and pressuring adjusted EBITDA by approximately $1.9 million, also reduced the adjusted EBITDA margin by 300 basis points compared to the prior year. However, the company had anticipated these upfront costs and remains confident in the long-term profitability and strategic significance of the product. For 2025, the company anticipates revenues to be in the range of $260-$285 million and expects adjusted EBITDA margins around 50%. However, the satellite and communications sector face intense competition, driven by rapid technological innovation and an increasing wave of new players entering the market alongside established providers. Players like Iridium Communications (IRDM - Free Report) and Gilat Satellite Networks (GILT - Free Report) are eyeing significant expansion of their addressable markets amid the increasing demand for global connectivity. Taking a Look at IRDM & GILT Growth DriversIridium STL, powered by Satelles, offers a stronger and more reliable timing and location service, available globally at low cost. Interest in this solution has grown significantly, and it’s expected to be a key growth driver through 2030 across civil and commercial markets. Iridium plans to build its next-generation network in the 2030s, delivering standards-based 5G/6G services directly to consumer devices for enhanced connectivity beyond cell towers. The network will also host Aireon and introduce space-based VHF services, supporting the aviation industry’s shift from ground-based to satellite communications. Also, the company aims to strengthen and expand its role as the global alternative for PNT across critical infrastructure, leveraging its spectrum assets, partner ecosystem and proven strategy to sustain long-term leadership. Key catalysts over the next five years include TNT, NTN Direct and IoT, while by 2030, D2D, PNT, IoT and government are expected to push service revenues to Iridium’s $1 billion target. However, the company has cut its 2025 service revenue growth view to 3-5% (from 5-7%), citing the maritime broadband transition, USAID-related voice losses and a PNT revenue delay to 2026. GILT offers advanced solutions across sectors like In-Flight Connectivity (IFC), defense and public safety. With rising global demand for defense SATCOM, driven by NGSO growth and geopolitical tensions, Gilat is well-positioned to capitalize on these trends through its deep expertise and continued investment in secure, high-performance satellite communication technologies. In August 2025, Gilat announced that its defense division, Gilat Defense, secured a multimillion-dollar contract from Israel’s Ministry of Defense. In the second quarter of 2025, Gilat’s Defense division strengthened its growth foundation amid rising global defense spending and demand for secure SATCOM solutions. In addition, Gilat DataPath secured a contract to provide field and technical services for the U.S. Army, starting with an initial order of more than $7 million. For 2025, the company anticipates revenues to be in the range of $435 million to $455 million, up from the previous forecast of $415 million to $455 million. Adjusted EBITDA is anticipated between $50 million and $53 million compared with the earlier range of $47 million to $53 million. GSAT’s Price Performance, Valuation and EstimatesGSAT’s shares have gained 83.9% in the past year compared with the Zacks Satellite and Communication industry's growth of 129.5%. Image Source: Zacks Investment Research GSAT stock is trading at a substantial premium, with a forward 12-month price/sales of 14.32X compared with the industry’s 1.37X. Image Source: Zacks Investment Research GSAT’s estimates are on an upward trajectory at present. The consensus mark for 2025 earnings has been revised up 77.1% to a loss of 8 cents per share over the past 60 days and the same for 2026 has moved north 200% to 1 cent. Image Source: Zacks Investment Research At present, GSAT sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here. |
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2025-09-29 09:06
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Instacart and Advantage Solutions Partner to Give CPGs Real-Time Shelf Visibility at Scale | stocknewsapi |
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SAN FRANCISCO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Instacart (NASDAQ: CART) and Advantage Solutions Inc. (NASDAQ: ADV), a leading sales and marketing agency for consumer goods manufacturers and retailers, today announced a strategic partnership to help consumer packaged goods companies (CPGs) of all sizes improve in-store execution. Together, Instacart and Advantage will deliver a transformative solution that combines Instacart’s scale, technology, and speed with Advantage’s retail relationships and expert workforce.
This offering combines Instacart’s in-store audit capabilities with Advantage’s retail execution services, enabling CPGs to quickly turn insights into action. The dynamic alert-based retail model allows CPGs to leverage Instacart’s technology and community of approximately 600,000 shoppers to perform in-store audits on product availability, pricing, placement, and display execution. The insights generated by Instacart shoppers’ in-store audits will trigger alerts to Advantage field teams, who can then act immediately to address the highest-priority areas. Once Advantage completes follow-up action items, Instacart shoppers can validate execution, providing objective proof of performance. This integrated approach gives CPGs visibility into in-store conditions and the ability to act quickly, which will help improve compliance, address out-of-stock issues, and boost performance while also creating new earning opportunities for Instacart shoppers. “Managing in-store inventory is one of the most costly and complex challenges in grocery, and when products aren’t on shelves, everyone loses,” said Andrew Nodes, VP and GM of Instacart Business & Supply Chain. “We’re giving CPGs real-time data and insights to spot issues faster, act immediately, and do so in an expansive, yet affordable way. No one is better positioned to deliver this solution than Instacart, with our technology, scale, speed, and the unmatched power of our shopper community. Our goal is to enable retailers and brands with the supply chain visibility they need to streamline operations and create better experiences for their customers.” “We’re excited to partner with Instacart to bring this new retail model to life,” said Dave Peacock, CEO of Advantage Solutions. “By combining Instacart’s shopper community and technology with Advantage’s relentless retail execution and industry connectivity, we’re helping CPGs ensure greater on-shelf availability, fewer out-of-stocks, and stronger display compliance, all while doing so in the highest ROI way for brands.” Instacart and Advantage have launched a successful pilot of the partnership, with plans to expand in 2026. About Instacart Instacart, the leading grocery technology company in North America, works with grocers and retailers to transform how people shop. The company partners with more than 1,800 national, regional, and local retail banners to facilitate online shopping, delivery and pickup services from nearly 100,000 stores across North America on the Instacart Marketplace. Instacart makes it possible for millions of people to get the groceries they need from the retailers they love, and for approximately 600,000 Instacart shoppers to earn by picking, packing and delivering orders on their own flexible schedule. The Instacart Platform offers retailers a suite of enterprise-grade technology products and services to power their e-commerce experiences, fulfill orders, digitize brick-and-mortar stores, provide advertising services, and glean insights. With Instacart Ads, thousands of CPG brands – from category leaders to emerging brands – partner with the company to connect directly with consumers online, right at the point of purchase. With Instacart Health, the company is providing tools to increase nutrition security, make healthy choices easier for consumers, and expand the role that food can play in improving health outcomes. For more information, visit www.instacart.com/company, and to start shopping, visit www.instacart.com. Maplebear Inc. is the registered corporate name of Instacart. About Advantage Solutions Advantage Solutions is the leading omnichannel retail solutions agency in North America, uniquely positioned at the intersection of consumer-packaged goods brands and retailers. With its data- and technology-powered services, Advantage leverages its unparalleled insights, expertise, and scale to help brands and retailers of all sizes generate demand and get products into the hands of consumers, wherever they shop. Whether it’s creating meaningful moments and experiences in-store and online, optimizing assortment and merchandising, or accelerating e-commerce and digital capabilities, Advantage is the trusted partner that keeps commerce and life moving. Advantage has offices throughout North America and strategic investments and owned operations in select international markets. For more information, please visit youradv.com. Investor Contacts: Advantage Solutions Ruben Mella [email protected] Media Contacts: Advantage Solutions Jeff Levine [email protected] A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/33a724ca-5ecb-4b5c-903b-5a17c679e3b4 |
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2025-09-29 13:10
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2025-09-29 09:07
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Predictive Oncology Inc. Announces Private Placements of $344 Million to Initiate a Digital Asset Treasury Strategy Focused on Aethir (ATH) Tokens | stocknewsapi |
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Shawn Matthews, CEO of DNA Holdings and Former CEO of Cantor Fitzgerald, will join the Board of Directors upon the closing of the private placements
Predictive Oncology continues to execute on its artificial intelligence and machine learning business to expedite early drug discovery and enable drug development for the benefit of cancer patients worldwide PITTSBURGH, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Predictive Oncology Inc. (“Predictive Oncology” or the “Company”) (Nasdaq: POAI) today announced the pricing of two private placement transactions to support its adoption of a digital asset treasury strategy under which the principal holding will be ATH, the native utility token of the Aethir ecosystem. Transaction Overview The Company to raise an aggregate of approximately $344.4 million in two private investment in public equity transactions (“PIPEs”) for the purchase and sale of (i) an aggregate of approximately 66.7 million shares of common stock (or pre-funded warrants to purchase shares of common stock in lieu thereof) for a purchase price of $0.7751 per share (the “Offering Price”) of common stock (or per pre-funded warrant in lieu thereof) for aggregate cash gross proceeds of approximately $51.7 million (the “Cash PIPE”), and (ii) pre-funded warrants to purchase up to 223.6 million shares of common stock for a purchase price equal to the Offering Price minus $0.01 per pre-funded warrant in exchange for approximately $292.7 million in notional value representing $173.3 million in discounted value, of in-kind contributions of locked and unlocked Aethir tokens (the “Crypto PIPE”). The pre-funded warrants to be issued in the Crypto PIPE will become exercisable immediately following the Company’s receipt of shareholder approval for the exercise of such pre-funded warrants. The PIPEs are expected to close concurrently on or about October 2, 2025, subject to the satisfaction of customary closing conditions. The Company intends to use the in-kind contribution of ATH to fund the Company’s digital asset treasury strategy and to use the remaining net proceeds from the PIPEs primarily to fund the acquisition of ATH in the open market in further support thereof, as well as for working capital and general corporate purposes. DNA Holdings Venture, Inc. will serve as the Company’s strategic advisor and consultant for the Company’s digital asset treasury. Aethir operates one of the world’s largest decentralized GPU networks, offering enterprise-grade AI infrastructure with approximately 40–80% cost savings compared to traditional and neocloud providers. The network spans 435,000 GPU containers across 200+ locations in 93 countries, enabling global access to Nvidia GPUs-as-a-Service. This infrastructure powers researchers, start-ups, and enterprises with rapid deployment (24–48 hours instead of months), ensuring they can scale AI workloads quickly and efficiently. To expand this reach, the Company’s digital asset treasury will manage ATH tokens, leveraging Aethir’s flywheel model by facilitating rapid deployment and monetization of compute resources across Web2 and Web3 enterprise verticals. ATH tokens provide the utility, rewards, and access to high-end GPU compute resources. Compute providers stake ATH as collateral, ensuring service level adherence and enabling rapid deployment. For each ATH token purchased by the Company on the open market, whether through a centralized exchange or a decentralized exchange operating on the Ethereum Network, the DCI Foundation will grant to the Company an additional 20% of the number of ATH tokens so purchased. This utility-driven model directly links ATH token value to real-world infrastructure demand, democratizing access to AI infrastructure. “Our partnership with Aethir represents a seminal event for Predictive Oncology and we believe it creates an outstanding opportunity for the Company and our shareholders to solidify and expand our core business while embarking upon an incremental growth opportunity through our digital asset treasury strategy,” commented Raymond Vennare, Chief Executive Officer and Chairman of the Board of Predictive Oncology. “With the planned adoption of the Company’s digital asset strategy, we will be able to establish the world’s first Strategic Compute Reserve. The Company will act not just as a digital asset treasury, but through its planned holdings of ATH, it will be able to function as an operator on the Aethir ecosystem that we believe will strengthen Aethir’s ability to provide the global infrastructure layer for the future of AI,” said Dan Wang, Co-Founder and CEO of Aethir. Advisors DNA Holdings Venture Inc. is acting as the strategic advisor and an investor in the Cash PIPE. H.C. Wainwright & Co. is acting as the exclusive placement agent in connection with the PIPEs. DLA Piper LLP (US) is serving as counsel to the Company. Shepphard, Mullin, Richter & Hampton LLP, is serving as counsel to DNA Holdings Venture, Inc., the Company’s strategic advisor. Disclaimer The offer and sale of the foregoing securities in the PIPEs were made in a private placement in reliance on an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”), pursuant to Section 4(a)(2) of the Securities Act and/or Regulation D promulgated thereunder, and applicable state securities laws. Accordingly, the securities offered in the PIPEs may not be re-offered or re-sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Concurrently with the execution of the securities purchase agreements for the PIPEs, the Company and the investors entered into a registration rights agreement pursuant to which the Company agreed to file one or more registration statements with the Securities and Exchange Commission registering the resale of the securities to be issued or issuable in connection with the PIPEs. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. The information provided in this press release is intended for informational purposes only and does not constitute investment advice, endorsement, analysis, or recommendations with respect to any financial instruments, investments, or issuers. Investment in cryptocurrency and DeFi projects involves substantial risk, including the risk of complete loss. This press release does not take into account the investment objectives, financial situation, or specific needs of any particular person and each individual is urged to consult their legal and financial advisors before making any investment decisions. On September 19, 2025, the Company’s stockholders approved a one-for-fifteen (1-for-15) reverse stock split of the Company’s common stock which will become effective at 12:01 a.m. on Tuesday, September 30, 2025. All share and price per share information included in this press release is presented on a pre-split basis and the exercise price of $0.01 for the pre-funded warrants will not be adjusted upon the reverse stock split. About Predictive Oncology Predictive Oncology is on the cutting edge of the rapidly growing use of artificial intelligence and machine learning to expedite early drug discovery and enable drug development for the benefit of cancer patients worldwide. The company’s scientifically validated AI platform, PEDAL, is able to predict with 92% accuracy if a tumor sample will respond to a certain drug compound, allowing for a more informed selection of drug/tumor type combinations for subsequent in-vitro testing. Together with the company’s vast biobank of more than 150,000 assay-capable heterogenous human tumor samples, Predictive Oncology offers its academic and industry partners one of the industry’s broadest AI-based drug discovery solutions, further complimented by its wholly owned CLIA laboratory facility. Predictive Oncology is headquartered in Pittsburgh, PA. The Company will initiate a digital asset treasury strategy focused on accumulating ATH, the native utility token of the Aethir ecosystem. About Aethir Aethir is a leading AI decentralized physical infrastructure network (“DePIN”) developed by DCI Foundation, a Panama foundation company which provides graphics processing units (“GPUs”) as-a-Service at enterprise scale for applications including artificial intelligence computation, gaming and cloud workloads. Aethir’s mission is to democratize access to AI infrastructure through its globally distributed network. Due in part to the decentralized nature of the Aethir network, Aethir can facilitate the provision of GPU compute power at a significant discount to established centralized GPU compute providers, such as AWS and Google Cloud. ATH is a utility token used for GPU rentals, staking, validation and the provision of ecosystem rewards on the Aethir network. ATH functions as a proxy for a unit of GPU compute power, and serves as a medium of exchange and unit of incentives for participants in the Aethir network. Participants in the Aethir network can generate yield or other rewards by staking or lending ATH or by otherwise serving as a source of ATH liquidity. Forward Looking Statements This press release contains “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. This press release also includes express and implied forward-looking statements regarding the Company’s current expectations, estimates, opinions and beliefs that are not historical facts. Such forward-looking statements may be identified by words such as “believes,” “expects,” “endeavors,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “should” and “objective” and the negative and variations of such words and similar words. These statements are made on the basis of current knowledge and, by their nature, involve numerous assumptions and uncertainties. Nothing set forth herein should be regarded as a representation, warranty or prediction that we will achieve or are likely to achieve any particular future result. Actual results may differ materially from those indicated in the forward-looking statements because the realization of those results is subject to many risks and uncertainties, including the risk that the proposed private placements and the transactions described herein may not be completed in a timely manner or at all, the failure to realize the anticipated benefits of the private placement and related transactions, including the Company’s proposed digital asset treasury strategy, economic conditions, fluctuations in the market price of ATH and other digital assets, the impact on the Company’s business of the evolving regulatory environment, the ability of the Company to execute on its digital asset treasury strategy and implications for shareholders and for the Company’s core business, the ability of the Aethir ecosystem to perform in a manner consistent with projections, receipt of shareholder approval for the exercise of the pre-funded warrants issued in connection with the Crypto PIPE and related matters, market and other conditions, as well as other factors. Forward-looking statements contained in this press release are made as of the date of this press release, and the Company undertake no duty to update such information except as required under applicable law. Investor Relations Contact: Michael Moyer LifeSci Advisors, LLC [email protected] |
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2025-09-29 13:10
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2025-09-29 09:08
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Johnson Fistel Investigates Fairness of Proposed Sale of TaskUs, Inc. | stocknewsapi |
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SAN DIEGO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether the board of directors of TaskUs, Inc. (NASDAQ: TASK) breached their fiduciary duties in connection with the proposed sale of the company to Blackstone and TaskUs Co-Founders (collectively, the “Buyer Group”).
On May 9, 2025, TaskUs entered into a definitive agreement pursuant to which Buyer Group will acquire all outstanding shares of the Company. Under the terms of the agreement, each holder of TaskUs common stock will receive only $16.50 in cash per share. Over the twelve-month period preceding the announcement Task stock traded as high as $19.60 and over $70 several years earlier. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/taskus-inc-3 If you are a shareholder of TaskUs and believe the proposed buyout price is too low or you are interested in learning more about the investigation, please contact lead analyst Jim Baker ([email protected]) at 619-814-4471. If emailing, please include a phone number. About Johnson Fistel, PLLP: Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Colorado, and Idaho. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Achievements: In 2024, Johnson Fistel was honored to be ranked in the Top 10 Plaintiff Law Firms by the ISS Securities Class Action Services. This recognition underscores our effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where we served as lead or co-lead counsel. This notable accomplishment marks the eighth occasion our firm has been recognized as a top plaintiffs’ securities law firm in the United States, as determined by the total dollar value of final recoveries. Attorney advertising. Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content. Contact: Johnson Fistel, PLLP 501 W. Broadway, Suite 800, San Diego, CA 92101 James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471 [email protected] or [email protected] |
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Capricor Therapeutics: A Buy Ahead Of Phase 3 Topline And Clarified Regulatory Pathway | stocknewsapi |
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Analyst’s Disclosure:I/we have a beneficial long position in the shares of CAPR 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. |
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2025-09-29 12:09
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2025-09-29 07:05
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XRP Futures Activity Hits $18.3B on CME Despite Limited Price Movement | cryptonews |
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13h05 ▪
5 min read ▪ by Ifeoluwa O. Summarize this article with: Ripple’s XRP has been locked in a tight range, trading between $2.70 and $3.00 over the past two months. While the spot price has shown little direction, new derivatives tied to the token are proving far more active. CME Group, the world’s largest derivatives marketplace, reported that its recently launched XRP and Micro XRP futures have gained consistent traction in just four months. Nearly 400,000 contracts have already been traded since listing. The exchange noted that this level of activity reflects strong participation from both institutional investors and retail traders. In brief CME’s XRP and Micro XRP futures have seen nearly 400,000 contracts traded in just four months. The total value of these futures reached $18.3 billion showing strong participation from institutions and retail traders. Meanwhile, XRP has remained in a narrow range between $2.70 and $3.00 for the past two months. 397K XRP Contracts Traded in Four Months CME released fresh performance data to mark the progress of its new contracts. Over the first four months, XRP futures saw about 397,000 contracts change hands, showing that participation has been steady since launch. The total value of those trades reached $18.3 billion, which comes to an average of $213 million a day. When converted to the token itself, that activity was equal to around 6 billion XRP. The scale of these numbers shows that the market has built depth in a short time and that both institutions and individual traders are using the contracts actively. CME Offers Standard and Micro Futures CME designed the XRP futures in two sizes to meet the needs of different participants. The standard contract represents 50,000 XRP, while the smaller “micro” contract represents 2,500 XRP. Both contracts are quoted in U.S. dollars per XRP, meaning every price change results in a fixed dollar amount depending on the contract size. The minimum price movement, or tick, is $0.0005 per token. For the standard contract, that tick equals $25. For the micro contract, the same move equals $1.25. This structure allows institutions to take on significant exposure through the larger contracts, while retail traders or smaller firms can participate through the more affordable micro version. The futures can be traded almost continuously from Sunday evening through Friday evening, with a brief daily break. This schedule provides ample opportunity for participants to enter and exit positions throughout the week. XRP Options Launch and Market Trends In a separate update, the exchange announced on September 17 its plan to launch options on XRP and Solana futures starting October 13, 2025. The rollout remains subject to regulatory approval before it can take effect. In the meantime, XRP has posted modest gains in recent days, rising from around $2.75 to $2.85 over three consecutive sessions, an increase of about 3.6%. In the past 24 hours, the token added slightly more than 2%, showing some short-term upward momentum after weeks of steady consolidation. Crypto analyst Zach Rector interpreted CME’s trading data as a sign of what may come if more investment vehicles become available. He pointed to the possibility of $5–10 billion in inflows once spot XRP exchange-traded funds are introduced. Rector argued that this level of demand could support a long-term price range between $20 and $30 by 2026. If XRP were to reach $20–$30, it would represent a substantial increase from current levels. A rise from $2.85 to $20 would be more than 600%, while climbing to $30 would be nearly 950%. These figures illustrate the scale of growth that could occur if significant investment flows into the market, such as through regulated ETF products, building on the early momentum seen in CME’s futures. Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits. Join the program A A Lien copié Ifeoluwa O. Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses. 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. |
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2025-09-29 12:09
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2025-09-29 07:08
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Analyst Predicts Major BTC Corrections Before New All-Time Highs | cryptonews |
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Bitcoin (BTC) is expected to experience significant corrections before it can reach new all-time highs, according to market analyst Jordi Visser. Despite the typical strength seen in the fourth quarter for crypto assets, Visser predicts BTC will face price drops of 20% or more as it continues its upward trajectory.
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2025-09-29 12:09
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2025-09-29 07:10
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$300K Bitcoin target ‘becoming increasingly likely,' analyst says | cryptonews |
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Key takeaways:
Bitcoin's bull market still has room to run with a target range of $150,000-$300,000, analysts say. BTC must decisively push above the $112,000-$114,000 zone to ignite a possible rally to $140,000. Bitcoin’s (BTC) sudden drop to $108,000 last week made it a 13% drawdown from its $124,500 all-time high, sparking fears that the BTC price might have peaked. Despite this drawdown, some analysts argued that Bitcoin’s bull market had not even started, citing its performance relative to gold. Bitcoin bull market to resume in OctoberAs Cointelegraph continues to report, both gold and US stock markets have posted repeated all-time highs, while Bitcoin remains stuck as liquidity games keep bulls away. Analysts were not worried about gold front-running Bitcoin, as analyst Milk Road Macro said, “Bitcoin tends to follow gold, 3-4 months down the line.” The comparative analysis showed that both gold/USD and BTC/USD pairs had formed rising wedge patterns, with gold breaking out to the upside in January. In March, “$BTC began to mimic gold’s ‘rise → pause → last minute spike’ pattern” highlighted in the green below, the analyst said, adding: “If the correlation holds, $BTC is now ready for a last-minute spike through October/November, breaking out of its rising wedge.”Gold vs BTC price performance. Source: Milk Road MacroMilk Road Macro further explained that while gold’s breakout represented about a 10% gain, “Bitcoin has been known to outperform these percentage returns by 5-10x.” They added that this puts Bitcoin’s potential upside gains in the 50% to 100% range, or $160,000 to $220,000. The “bull market in Bitcoin has not started yet,” said 50TFunds CEO Dan Tapiero in an X post on Monday. He highlighted that the BTC/XAU pair traded in a “massive cup and handle” pattern in the weekly time frame, which could lead to new price discovery for Bitcoin over the next few weeks. A break above the neckline at 37 XAU opens the way for the BTC/XAU pair to rally 446% toward the measured target of the cup-and-handle pattern at 160 XAU. BTC/XAU weekly chart. Source: Cointelegraph/TradingViewThis points to a major price breakout for Bitcoin over the next few months. Tapiero’s argument was a response to crypto investor Zynx’s analysis, who said the BTC/USD pair needed to rise above $150,000 to “equal its all-time high in gold.” Historically, “Bitcoin has more than doubled its price in gold at a minimum, usually much more than that,” wrote Zynx’s, adding: “I would say that $300K is becoming increasingly likely.”Meanwhile, CryptoQuant contributor XWIN Research Japan argues that Bitcoin is still in its bull market, based on several onchain metrics. Bitcoin must hold $112,000 for a “push higher”Bitcoin hit an intra-day high of $112,293 on Monday, reclaiming the $112,000 level after losing it on Thursday. It was trading at $112,233 at the time of writing, up 2.4% over the last 24 hours, according to data from Cointelegraph Markets Pro and TradingView. “$BTC broke out of the down trend line overnight after squeezing all the late shorts,” said AlphaBTC in his latest analysis on X. An accompanying chart showed that a key area of interest for Bitcoin bulls was today’s open at $112,000. Holding this level would see the price push toward the local high at $114,000, signalling the strength of the recovery. “Looking at the 114K level next, and then if it can hold 112K again for a push higher in Oct.”BTC/USD four-hour chart. Source: AlphaBTCThe 24-hour Bitcoin liquidation heatmap showed that BTC price could target a large block of bid liquidity as it moves higher. There is over $612 million in ask orders between $112,350 and $114,000. A sweep of this liquidity seems highly likely in the coming days, and a break above $114,000 could signal the end of the correction. Bitcoin liquidation heatmap. Source: CoinGlassAs Cointelegraph reported, a decisive move above the $113,000-$114,000 resistance zone could confirm a breakout from a bull flag, opening the door for a rally toward $140,000 in the months ahead. 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. |
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2025-09-29 12:09
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2025-09-29 07:10
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Story IP Price Bounces Back, Will the Rally Sustain? | cryptonews |
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Story IP has made a comeback after a turbulent week, catching the attention of crypto traders everywhere. The token surged 11.8% overnight to $9.62, recovering losses from its steep 29% decline from the September 22 all-time high of $14.89. Its market cap now stands at $3.01 billion, with daily trading volume soaring by over 42% to $235.5 million. It is worth noting that both retail activity and ecosystem news are shaping this sudden turnaround.
Why is IP Price Up Today?The main driver behind the rebound is retail trading. Many smaller investors jumped on the dip, pushing volumes higher. As per CryptoQuant, retail traders now dominate activity, with a slightly bullish tilt reflected in the Long/Short ratio of 1.03. On the development side, Story IP has been boosted by its Origin Summit partnership with Verse8. The deal introduces Moonbirds and Azuki IP into AI-powered gaming experiences. While the direct revenue impact is still modest, the news has sparked excitement across social platforms and revived interest in the token. That weakness is clear when looking at numbers: protocol revenue is only $679 a day, far below what you’d expect for a project valued at $3 billion. This imbalance highlights just how speculative current trading is, meaning volatility is likely to stay high. Story IP Price AnalysisLooking at things from a technical lens, the token has reclaimed its 30-day SMA at $9.62. This signals some potential for more gains if momentum continues. A bullish divergence in the RSI also suggests the token was oversold and is now bouncing back. However, still, bearish signs remain, as the MACD is in negative territory at -0.445, and the 7-day RSI sits at a muted 42.7. Key levels to watch are $9.37 on the downside and $10.42 on the upside. If Story IP price holds above $9.37 and breaks through $10.20, the door could open for further upside. But if it slips below support, the next stop may be $7.86. FAQsWhat caused Story IP’s latest price rally? Retail traders bought the dip after a 51% drop from its all-time high, sending volume higher and lifting the price. Can this rebound last? It depends on whether whales and institutions step in. Without them, volatility will remain high. How do partnerships affect price? Ecosystem news, like the Verse8 gaming collaboration, boosts sentiment and retail buzz, even if revenue impact is still limited. |
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2025-09-29 12:09
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2025-09-29 07:11
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Sleeping Bitcoin Wallet Holding Over $44 Million Stirs After 12 Years | cryptonews |
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A dormant Bitcoin (BTC) wallet address holding around 400.08 BTC — worth $44.29 million at current prices — has suddenly awoken after a 12-year slumber to transfer its hoard.
Data from Arkham Intelligence reveals that the wallet labeled “1ArUG…zwaWT” moved the entire holdings to several addresses on Sunday, in equal batches of 15 BTC. On-chain analytics platform Lookonchain stated on Sept. 29 that the long-dormant address obtained the 400.08 BTC haul from miners 15 years ago. https://twitter.com/lookonchain/status/1972471043819442363 During the 12 years the unknown whale remained dormant, BTC’s price soared roughly 830 times, jumping from approximately $135 to $112,360 as of publication time. The movement of funds from very old wallets often sparks curiosity among the crypto community, particularly when the BTC in their wallets has not moved for a number of years. As of this writing, the reason for the transfers remains unknown, as does the identity of the wallet’s owner. Advertisement More Mysterious Whale Movements Countless long-dormant wallets have been activated in recent months, transferring their BTC holdings to a new address as the price of Bitcoin reached new all-time highs. Some of these wallets were also found to have sent their BTC stashes to centralized crypto exchanges, signaling they might be looking to take profits after many years of HODLing. In July, a whale who mined the premier crypto during the earliest days of the industry — sold off over 80,000 BTC, worth around $9 billion, via Galaxy Digital as part of the unknown individual’s estate planning strategy. Another ancient multi-billionaire Bitcoin whale conducted a massive rotation earlier this month, transferring funds from BTC to ETH, accumulating roughly $4 billion in Ether from an initial stash of over $5 billion in Bitcoin. And most recently, a different Bitcoin address reawakened on Sept. 17 to move 1,000 BTC, worth roughly $116.6 million, for the first time after 12 years of hibernation. |
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2025-09-29 12:09
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2025-09-29 07:15
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Bitcoin Faces CME Gap Ahead of 'Uptober:' Crypto Daybook Americas | cryptonews |
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NewsPricesDataIndicesResearchEventsSponsoredSign InSign UpYour day-ahead look for Sept. 29, 2025 Sep 29, 2025, 11:15 a.m.
October tends to be bitcoin's best month of the year. (Midjourney/Modified by CoinDesk) What to know: You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it. By James Van Straten (All times ET unless indicated otherwise) BTC$112,098.82, up 2.5% in the past 24 hours, has created a CME futures gap between $110,000 and $111,335. That's the difference between its prices when the CME market closed for the week on Friday and reopened on Sunday. STORY CONTINUES BELOW ETH$4,107.86 is showing a similar setup. That has gained 3.4% and left a futures gap starting around $4,000. The thing about CME futures gaps is that they tend to get filled. With the two largest cryptocurrencies currently trading higher, that means they both — at some point — are likely to drop back and retest those lower levels. Bitcoin’s monthly low often tends to occur within the first 10 trading days, meaning this dip could arrive within the next two weeks. That's even though October, often referred to as “Uptober,” is historically its second-best performing month with an average return of 22%. More broadly, the CoinDesk 20 Index has gained 3.2% in the past 24 hours with all members in the green. Outside of crypto, precious metals remain firm, with gold climbing 1.5% on Monday to $3,815 and silver approaching all time highs at $47, with the next breakout level at $50. Macro markets are focused on Friday’s highly influential U.S. jobs report, with nonfarm payrolls, a measure of new jobs excluding farm work and certain categories, expected at 39,000 alongside a steady 4.3% unemployment rate. ISM Services PMI is forecast at 52, indicating continued expansion of the world's largest economy. For bitcoin to break out of its current $110,000 to $120,000 trading range, volatility and sentiment will need to return. The fourth quarter, which starts on Wednesday, could provide the catalyst. Stay alert! What to WatchCryptoSept. 29, 8:00 p.m.: PancakeSwap (CAKE) discontinues support for Polygon zkEVM liquidity pools and Perpetual V1 orderbook. Users must withdraw funds by the deadline.MacroSept. 29, 7:30 a.m.: Fed Governor Christopher J. Waller gives a speech on "Payments" in Frankfurt.Sept. 29, 10:30 a.m.: Sept. Dallas Fed Manufacturing Index (Prev. -1.8)Sept. 29, 1 p.m.: U.S. agencies SEC and CFTC hold a roundtable on regulatory harmonization efforts. Watch live.Earnings (Estimates based on FactSet data)Nothing scheduled.Token EventsGovernance votes & callsLido DAO is voting on the design and implementation of its Lido V3 upgrade, which among other things introduces staking vaults (stVaults) that allow users to select specific staking operators. Voting ends Sept. 29.UnlocksNothing scheduled.Token LaunchesSept. 29: Anoma (XAN) to be listed on KuCoin.Sept. 29: Ronin (RON) treasury buybacks begin.Sept. 29: Falcon Finance (FF) to be listed on Binance, BingX, KuCoin, Gate.io, Bitget and others.ConferencesSept. 29: CoinFerenceX SingaporeDay 1 of 2: Sonic Summit 2025 (Singapore)Token TalkBy Oliver Knight Plasma’s native token, XPL, is beginning to cool off following its red-hot trading debut. The Tether-backed token is changing hands at $1.29, down 12% over the past 24 hours, as daily trading volume slipped 9% to $2.3 billion.On-chain activity, however, tells a different story, with deposits rising 13.7% to $5.5 billion in the same period. Much of that capital is flowing into yield-generating products like Plasma Saving Vaults, which currently offer around 20% annualized returns on lending vaults.The combination of attractive yields and rapid inflows has helped Plasma quickly climb the blockchain rankings, already overtaking Coinbase-backed Base in terms of total value locked, according to data from DeFiLlama.While trading activity for XPL has cooled, inflows suggest strong investor appetite during a relative lull in the wider crypto markets as assets like BTC and ETH fell back to respective levels of support at the tail end of last week.It remains to be seen how well Plasma and its protocols fare during a bullish market phase, but the stablecoin-focused blockchain has already earned its fruits when the market is under pressure.Derivatives PositioningOverall BTC futures open interest has dropped to roughly $29 billion from a recent high of $32 billion, indicating that traders are reducing their exposure. At the same time, the three-month annualized basis remains compressed at around 6%, making the basis trade less profitable. In essence, the market is showing a clear shift from a bullish bias as traders unwind their long positions and a growing number of shorts enter the market.In options, the BTC Implied Volatility Term Structure shows an upward-sloping curve while the 25 delta skew for short-term options (1-week, 1-month) has increased, suggesting that some traders are paying a premium for calls over puts, indicating a bullish bias.This is directly contradicted by the 24-hour put-call volume, which shows puts dominating with 58.43% of contracts traded, a sign that a large number of traders are still seeking downside protection. The divergence suggests a highly polarized market where some are betting on a short-term rally while others are actively hedging against further declines, leading to a state of indecision and mixed sentiment.BTC funding rates have recently turned negative, suggesting a growing bearish sentiment. After holding steady for most of the week, the annualized funding rate on Hyperliquid dropped significantly to a negative -6%. This indicates a strong conviction from traders who are shorting BTC on that platform. Meanwhile, funding rates on major venues like Binance and OKX remain near neutral. The overall trend, particularly the sharp drop on Hyperliquid, suggests that traders are actively taking risk off the table and positioning for a decline in BTC prices.Coinglass data shows $350 million in 24 hour liquidations, with a 24-76 split between longs and shorts. ETH ($130 million), BTC ($52 million) and SOL ($37 million) were the leaders in terms of notional liquidations. Binance's liquidation heatmap indicates $113,000 as a core liquidation level to monitor, in case of a price rise.Market MovementsBTC is up 2.54% from 4 p.m. ET Friday at $112,164.29 (24hrs: +2.49%)ETH is up 3.1% at $4,136.88 (24hrs: +3.38%)CoinDesk 20 is up 2.76% at 3,985.34 (24hrs: +3.2%)Ether CESR Composite Staking Rate is down 9 bps at 2.81%BTC funding rate is at -0.0012% (-1.2855% annualized) on BinanceDXY is down 0.19% at 97.96Gold futures are up 0.76% at $3,838.10Silver futures are up 0.73% at $46.99Nikkei 225 closed down 0.69% at 45,043.75Hang Seng closed up 1.89% at 26,622.88FTSE is up 0.58% at 9,338.77Euro Stoxx 50 is up 0.14% at 5,507.35DJIA closed on Friday up 0.65% at 46,247.29S&P 500 closed up 0.59% at 6,643.70Nasdaq Composite closed up 0.44% at 22,484.07S&P/TSX Composite closed up 0.1% at 29,761.28S&P 40 Latin America closed up 0.43% at 2,920.80U.S. 10-Year Treasury rate is down 4.4 bps at 4.143%E-mini S&P 500 futures are up 0.51% at 6,730.75E-mini Nasdaq-100 futures are up 0.64% at 24,885.75E-mini Dow Jones Industrial Average Index are up 0.4% at 46,741.00Bitcoin StatsBTC Dominance: 58.61% (0.11%)Ether to bitcoin ratio: 0.03687 (-0.16%)Hashrate (seven-day moving average): 1,051 EH/sHashprice (spot): $49.78Total Fees: 2.19 BTC / $241,364CME Futures Open Interest: 134,900 BTCBTC priced in gold: 29.6 ozBTC vs gold market cap: 8.35%Technical AnalysisEther has rebounded from the 100-day exponential moving average, reclaiming ground above the key psychological level of $4,000. While this recovery signals resilience, the short-term trend remains tilted to the downside, with the 50-day EMA — currently near $4,210 — acting as immediate resistance. For bullish momentum to build, traders will be watching closely to see if ETH can continue to respect weekly support and establish acceptance above the recent weekly swing low. Crypto EquitiesCoinbase Global (COIN): closed on Friday at $312.59 (+1.92%), +2.26% at $319.66 in pre-marketCircle Internet (CRCL): closed at $126.99 (+1.87%), +1.98% at $129.50Galaxy Digital (GLXY): closed at $30.90 (-3.78%), +3.27% at $31.91Bullish (BLSH): closed at $62.59 (+1.23%), +1.9% at $63.78MARA Holdings (MARA): closed at $16.13 (+0.37%), +2.67% at $16.56Riot Platforms (RIOT): closed at $17.69 (+5.68%), +3% at $18.22Core Scientific (CORZ): closed at $16.85 (+0.06%), +2.08% at $17.20CleanSpark (CLSK): closed at $12.96 (-5.26%), +3.16% at $13.37CoinShares Valkyrie Bitcoin Miners ETF (WGMI): closed at $40.61 (-3.68%)Exodus Movement (EXOD): closed at $28.51 (-1.35%), +2.81% at $29.31Crypto Treasury Companies Strategy (MSTR): closed at $309.06 (+2.78%), +2.3% at $316.17Semler Scientific (SMLR): closed at $28.31 (-6.29%), +2.3% at $28.96SharpLink Gaming (SBET): closed at $16 (-1.9%), +1.94% at $16.3 1Upexi (UPXI): closed at $5.22 (-1.23%), +1.63% at $5.30Lite Strategy (LITS): closed at $2.56 (+0.79%), +4.3% at $2.67 ETF FlowsSpot BTC ETFs Daily net flows: -$418.3 millionCumulative net flows: $56.78 billionTotal BTC holdings ~1.32 millionSpot ETH ETFs Daily net flows: -$248.4 millionCumulative net flows: $13.14 billionTotal ETH holdings ~6.52 millionSource: Farside Investors While You Were SleepingSwift to Build a Blockchain-Based Ledger for Financial Firms (Bloomberg): The first prototype, developed in collaboration with more than 30 banks, will use Joe Lubin-led Consensys' technology for real-time cross-border payments.Revolut Weighs $75B Dual Listing in New York and London (Sunday Times): The move could be a vote of confidence for London's financial center and would make fintech the first company to simultaneously list in New York and enter the FTSE 100.Economists Favour Christopher Waller to Lead Fed but Expect Trump to Pick a Loyalist (Financial Times): Economists surveyed by the FT expect Kevin Hassett, chair of the White House’s National Economic Council, to prevail, citing Trump’s focus on loyalty and aggressive rate cuts.Maple Finance to Tie Into Elwood to Bring Institutional Credit Strategies On-Chain (CoinDesk): The integration is meant to give banks and asset managers smoother entry into digital credit markets by pairing on-chain lending strategies with institutional trading and risk systems.Fear and Hope in Venezuela as U.S. Warships Lurk (The New York Times): As U.S. warships circle and threats intensify, Venezuelans remain split between calls for foreign-backed regime change, fear of chaos after Maduro and weary resignation that little will change.More For You Trump Tariffs, GDP Rattle Markets, ETFs Bleed: Crypto Daybook Americas Sep 26, 2025 Your day-ahead look for Sept. 26, 2025 What to know: You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will arrive in your inbox at 7 a.m. ET to kickstart your morning with comprehensive insights. If you're not already subscribed, click here. You won't want to start your day without it. Read full story Top Stories |
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2025-09-29 12:09
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2025-09-29 07:15
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Sonic Labs Names Mitchell Demeter CEO, Sets Sights on U.S. Institutional Growth | cryptonews |
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TLDR:
Sonic Labs appointed Mitchell Demeter as CEO to lead its next phase of institutional and global expansion efforts. Demeter will focus on building U.S. and global institutional relationships while expanding Sonic’s developer ecosystem worldwide. Sonic’s mainnet processes 400,000 transactions per second with sub-second confirmation, supporting its global adoption strategy. Michael Kong will remain as Chief Information Officer and continue to support the company’s leadership transition and growth. Sonic Labs is entering a new phase with a leadership change at the top. The blockchain company announced that Mitchell Demeter will take over as Chief Executive Officer. The move signals a strong push toward institutional growth and global developer adoption. His appointment marks a turning point for the network as it positions itself for deeper entry into U.S. capital markets. The company is also strengthening its executive bench to build momentum for this new chapter. Wu Blockchain reported that Demeter, a pioneer in digital assets, will now be responsible for driving the next stage of Sonic Labs’ expansion. He will focus on building stronger institutional ties, expanding developer participation, and increasing Sonic’s visibility in the U.S. market. According to Sonic Labs’ official announcement, the leadership change aims to connect its technology with real-world financial systems. Mitchell Demeter to Lead Sonic Labs’ Institutional Expansion Demeter’s plan includes scaling the business development team and attracting proven operators with experience in crypto and traditional finance. This will help Sonic Labs deepen relationships with institutional investors and enterprise partners. His mandate includes bridging global markets and positioning Sonic at the center of on-chain financial infrastructure growth. The Sonic network, launched in December 2024, already boasts a mainnet capable of processing 400,000 transactions per second with confirmation times under one second. The network has seen important integrations, including Chainlink’s CCIP and the native issuance of USDC. Despite these milestones, leadership noted that stronger institutional support is needed to drive the next level of adoption. Michael Kong, who has guided Sonic Labs since its early Fantom days, will now take on the role of Chief Information Officer. He will remain on the Board of Directors and continue working with Demeter to ensure a smooth transition. Kong stated that Demeter’s network and capital markets experience make him well-suited to lead this phase. Strengthening Developer and Market Presence Sonic Labs also plans to grow its developer ecosystem under Demeter’s leadership. The company will provide more resources and incentive programs to attract builders and encourage real-world use cases on the network. This aligns with forecasts that expect trillions in global GDP to move on-chain over the coming decade. Demeter will step down from his CEO role at SonicStrategy but will stay on as Executive Chair to continue contributing to strategy and capital markets development. This dual focus is designed to keep Sonic’s growth efforts aligned while allowing him to prioritize leading Sonic Labs. His track record includes launching the first Bitcoin ATM in Vancouver and co-founding Cointrader Exchange. His experience connecting blockchain technology with traditional markets is expected to play a key role in Sonic’s next stage of growth. |
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2025-09-29 12:09
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2025-09-29 07:22
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Most BTC holders are not under selling pressure, but new buyers anxious | cryptonews |
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Short-term BTC buyers are feeling selling pressure, potentially leading to a capitulation. Events like that can cause short-term volatility, eventually setting up the market for new accumulation.
BTC short-term holders felt the pinch of the current downturn. The latest cohorts of buyers are not necessarily panic-selling, but their pressure point is above $111,000. The recent dip of BTC to $109,000 set up conditions for a minor capitulation. Based on Glassnode data, the Net Unrealized Profit/Loss (NUPL) index for short-term buyers has shifted to a small loss, suggesting some traders may decide to sell and eventually buy lower. In the past months, steep drops in the NUPL metric coincided with a market local bottom, usually preceding a recovery following the redistribution of coins. BTC continues to go through a cycle with 25% drawdowns and fewer capitulation events on the spot market. The crypto fear and greed index is at 50 points and is neutral after a few days of fearful trading. However, the index shows the attitude of derivative traders, while holders show more resilience. Are BTC holders ready to capitulate? Despite the NUPL metric turning worse for the latest buyers, in general, BTC holders are very far from capitulation. As Cryptopolitan previously reported, the current market cycle has spent more than a year without a big capitulation event, only with short-term liquidations and deleveraging. Short-term BTC buyers may be underwater, but on average, holders are not feeling anxiety and are in the money. | Source: Bitcoin Magazine Pro At current valuations, on average, holders are not even in the anxiety zone, boosted by previous accumulation in the past year. BTC gains support from an ongoing push to hold more coins, avoiding capitulation. Market downturns usually lead to large-scale position liquidations, but BTC owners are not eager to sell, expecting more value from BTC as a reserve. Based on HODL waves data, wallets aged over one month have only expanded their reserves. Shark wallets went through rapid accumulation, with no signs of preparing to sell. In the past year, shark wallets added more than 1M BTC, accumulating even during periods of market panic. Direct dumping on the market is now rarer, as DeFi offers additional opportunities to tap the value without crashing the BTC price. Will BTC miners capitulate? BTC miners have always faced the threat of capitulation. At the current market price, most miners are profitable. Based on the hash ribbon metrics, miners are currently not producing coins at a loss and are not in distress. Miner sell pressure diminished in the past year and is near all-time lows, despite the highly competitive mining sector. | Source: BGeometrics Miners, just like long-term holders, are now more cautious when divesting BTC. Miners retain reserves of 1.89M BTC, close to their usual level. Miner sell pressure has actually fallen since the end of 2024, and is close to all-time lows. While miners sell strategically, mass inflows to open markets are much rarer. Newly mined coins are also valuable as they lack a history of involvement with illegal activities. With the rise of treasuries, miners also have another motive to store their BTC, especially for publicly traded mining companies. Your crypto news deserves attention - KEY Difference Wire puts you on 250+ top sites |
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2025-09-29 12:09
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2025-09-29 07:24
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Pacifica outpaces Jupiter as largest perpetual DEX on Solana by trading volume | cryptonews |
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Growing daily trading volumes and user adoption underscore Solana’s surging appeal for decentralized derivatives trading in the DeFi ecosystem.
Key Takeaways Pacifica is now the largest perpetual DEX by trading volume on Solana, outpacing Jupiter Exchange. Pacifica achieved over $600 million in 24-hour trading volume. Pacifica, a Solana-based perpetual DEX, has become the largest perpetual exchange on Solana by trading volume, surpassing Jupiter Exchange in the network’s growing derivatives market. The platform reported over $440 million in 24-hour trading volume, positioning it ahead of established players like Jupiter in the Solana perpetual DEX space. Pacifica has processed billions of dollars in total trading volume while still operating in closed beta. The exchange has attracted over 10,000 active traders in under three months of operation, with platform data showing a 50% increase in total volume within a week. This rapid adoption highlights the growing interest in Solana’s DeFi ecosystem for derivatives trading. Recent updates to Pacifica include raised deposit and withdrawal limits to $50,000 per day and new trading pairs like $XPL perpetuals with 10x leverage during its closed beta phase. The platform’s growth comes as Solana’s perpetual DEX market experiences rapid expansion. Disclaimer |
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2025-09-29 12:09
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2025-09-29 07:27
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Dark Pool HumidiFi Becomes Solana's Top DEX with $8.55B in One Week | cryptonews |
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Key NotesHumidiFi has become the top decentralized exchange on Solana by trading volume on the weekly timeframe, surpassing Meteora.
HumidiFi has recently climbed to the top of Solana’s decentralized exchange rankings, recording $8.55 billion in trading volume over the past week. The dark-pool protocol, which uses proprietary automated market makers (prop AMMs), outpaced rivals Meteora, Raydium, and PumpSwap. According to data from DeFiLlama, on Sept. 25 alone, HumidiFi processed a record $1.92 billion in trades, more than one-third of Solana’s total daily volume. Currently, it records a 24-hour trading volume of $557 million, second only to Meteora’s $700 million. Solana DEX leaderboard by trading volume | Source: DeFiLlama The Rise of Dark Pools on Solana Prop AMMs, often described as dark pools, quote prices privately and route trades through aggregators rather than public order books. This results in private execution and reduced slippage, making them attractive to large traders who prefer not to reveal their moves. Data from Sandwiched.me shows these protocols sometimes achieve negative spreads, allowing exceptionally cost-efficient swaps. This efficiency is leading to a shift from public liquidity venues like Raydium and Orca toward these quieter, algorithm-driven pools. For instance, HumidiFi lacks a public front end or massive hype of social media, but it is drawing significant flow from professional market participants. The platform’s deep liquidity and private routing allow whales to place large trades without alerting the wider market. Competition Remains Fierce While HumidiFi’s numbers impress, established rivals continue to dominate the ecosystem. Raydium remains a leader of Solana’s decentralized exchange scene with its robust liquidity, consistent technical development, and community incentives. Meteora also retains a strong market share through extensive integrations and partnerships. On the other hand, PumpSwap serves retail traders seeking quick Solana meme coins opportunities. Meanwhile, the broader decentralized space continues to record growth. Decentralized-to-centralized exchange trading volumes now hold 18.5% share, which suggests rising interest in non-custodial platforms. On Solana specifically, weekly decentralized trading climbed 6%, sitting at $2.7 billion as of Sept. 29. Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content. Solana (SOL) News, Cryptocurrency News, News A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books. Parth Dubey on LinkedIn |
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2025-09-29 12:09
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2025-09-29 07:30
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3 Altcoins That Could Hit All-Time Highs In The First Week Of October | cryptonews |
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BNB is trading at $1,010, just 7.2% from its $1,083 all-time high. Holding above $1,000 could push it toward $1,100, while losing $955 support risks a fall to $902.Mantle (MNT) trades at $1.74, with $1.71 as key support. A bounce could retest the $1.91 ATH, while a breakdown under $1.59 may trigger deeper losses.MYX Finance (MYX) sits above $14.41 support, eyeing its $19.98 ATH. A breakout could target $22.00, but slipping below $14.41 risks a drop to $10.54.The lack of strong bullish cues this past week has kept altcoins from reaching their all-time highs. However, the previous weekend pulled BTC back above $110,000, reviving hopes of a positive week ahead.
Thus, BeInCrypto has analysed three such altcoins that could be looking at new all-time highs as October begins. Sponsored Sponsored BNB BNB price is trading at $1,010, only 7.2% away from its all-time high of $1,083. The altcoin recently reclaimed the $1,000 mark after slipping below it last week, marking an important psychological level that investors are now closely watching for sustained bullish strength. The main challenge for BNB is maintaining momentum above $1,000, which requires consistent investor support. Encouragingly, the 50-day EMA sitting below the candlesticks signals that a strong upward move could be ahead. This setup suggests that BNB could retest the ATH and potentially extend the price to $1,100 to form new highs. Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. BNB Price Analysis. Source: TradingView However, if BNB fails to defend the $1,000 support, risks of a deeper correction will emerge. A slip below $955 would likely trigger bearish sentiment, pushing the altcoin further down to $902. Such a decline would invalidate the bullish thesis. Mantle (MNT) MNT price is trading at $1.74, slightly above the $1.71 support level. This threshold has acted as resistance for more than two weeks. This confirms its support as critical for MNT’s next breakout and potential rally toward higher levels in the short term. Sponsored Sponsored If MNT secures $1.71 as support, the altcoin could bounce and head toward its all-time high of $1.91. Achieving this milestone would require a rally of over 9.4%, which seems possible given the current market sentiment and technical strength that support MNT’s price structure. MNT Price Analysis. Source: TradingView However, if MNT falls back below $1.71, the token may continue consolidating above $1.59. Losing this critical support would signal weakness, potentially invalidating the bullish thesis. A breakdown under $1.59 would expose MNT to deeper losses. MYX Finance (MYX) MYX appears ready to aim for a new high, sitting 24.8% away from its next resistance. The altcoin has secured $14.41 as a strong support level, giving investors confidence that upward momentum could continue if broader market conditions align with bullish sentiment. A further rally will depend on both market support and investor activity. If momentum builds, MYX could retest its $19.98 all-time high and surpass it. Breaking past this critical resistance level would open the door for a move toward $22.00, signaling stronger upside potential in the near term. MYX Price Analysis. Source: TradingView However, if MYX fails to maintain $14.41 as support, the bullish outlook could quickly collapse. The altcoin risks falling back toward $10.54, which would mark a significant retracement. Losing this support level would invalidate the bullish thesis. 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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2025-09-29 12:09
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2025-09-29 07:30
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ETF Weekly Recap: Bitcoin and Ether ETFs Bleed With $1.7 Billion in Withdrawals | cryptonews |
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Bitcoin ETFs recorded $903 million in outflows, while ether ETFs logged $796 million in redemptions during the week of September 22–26. Fidelity and Blackrock were at the center of the storm, driving the sharpest weekly declines since summer.
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2025-09-29 12:09
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2025-09-29 07:35
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Bitcoin Recovers Above $112,000, Boosted by Weekend Gains | cryptonews |
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In brief
Bitcoin recovered to $112,000 Monday morning, recovering losses sustained during last week's price slump. CME-based Bitcoin futures and options products saw a $4.33 billion decline in open interest between September 18 and 26. Crypto-native investors remained optimistic despite last week’s liquidation event, supported by an $800 million uptick in open interest and rising funding rates. Bitcoin recovered above $112,000 Monday morning, supported by a surge in buying pressure noted during the weekend. As a result, the top crypto is up 2.5% in the past 24 hours, undoing most of last Thursday’s losses, per CoinGecko data. Buoyed by Bitcoin’s strength, altcoins have also soared higher, resulting in a $354 million liquidation spree and the total cryptocurrency market capitalization nearing the $4 trillion mark. Bitcoin’s Monday morning rise reflects “a mix of macro relief, with a softer U.S. dollar and steadier rate expectations, alongside a cleaned-up leverage after recent liquidations and renewed accumulation from larger players,” Farzam Ehsani, CEO and co-founder of VALR, told Decrypt. The broader crypto market losses noted last week were primarily driven by quarter-end rebalancing, experts told Decrypt. Open interest for CME’s Bitcoin futures fell by $2.83 billion to $14.73 billion between September 18 and 25, while options dropped by $1.50 billion to $4.63 billion over the following two days, per Velo data. U.S. spot Bitcoin exchange-traded funds also saw net outflows last week as part of the quarter-end basis unwind, as noted by Singapore-based trading desk QCP Capital in its Monday post. Experts who previously spoke to Decrypt also noted the ETF outflows were not a sign of weakness, but a sign of buyer strength. Signs of optimism?While sophisticated traders across CME’s products resort to rebalancing, perpetual traders in the cryptocurrency space have doubled down despite last week’s brutal liquidation events. “Optimism is re-emerging,” QCP Capital noted, citing the growth in open interest for Bitcoin’s perpetuals from $42.8 billion to $43.6 billion, coupled with positive funding rates. On prediction market Myriad, launched by Decrypt's parent company DASTAN, users expect Bitcoin to close out September above $105,000, but remain divided on its long-term outlook. Predictors place a 57% chance on Bitcoin dipping to $105,000 rather than surging to $125,000, continuing a broadly bearish trend that kicked off with last week's price slump. All eyes are now on September’s Nonfarm Payrolls, scheduled for Friday, which could be delayed if the U.S. government shuts down. Despite near-term uncertainty, investors remain bullish, as Bitcoin is poised to enter a historically bullish fourth quarter with a median return of 52%. “Bitcoin will continue to anchor sentiment, especially with the halving narrative getting closer,” Shawn Young, chief analyst of MEXC Research, told Decrypt. Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more. |
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2025-09-29 12:09
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2025-09-29 07:38
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Aster Token Accumulation by MrBeast; What's Cooking for ASTER Price? | cryptonews |
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MrBeast has reportedly accumulated 705,821 Aster tokens at a collective value of $1.28 million.
ASTER price surged by 7.38% over the last 24 hours, and was last seen being traded at $1.94. The price of Aster token is estimated to undergo a correction in the short term. MrBeast has accumulated over 705k Aster tokens in separate transactions. They were collectively worth more than $1 million after the recent transaction was reported. Such an accumulation has sparked bullish sentiments, which are also supported by the constant rise in ASTER price. However, it remains to be seen how long these gains will last for the Aster token. MrBeast Accumulated Aster Token MrBeast, one of the richest & most followed content creators across the globe, has accumulated 705,821 Aster tokens. They were collectively valued at around $1.28 million when the report surfaced earlier today. MrBeast accumulated every Aster token in separate transactions. He bought 538,384 Aster tokens over 3 days for a total value of approximately $990k. It is estimated that the average ASTER price was $1.87 at that time. MrBeast first deposited 1 million USDT via public wallet plus new wallet into the ecosystem. And then, he withdrew Aster tokens for the said average price. The follow-up report highlighted that he bought 167,436 Aster tokens by spending an additional 320,587 USDT coins. This transaction was executed earlier today to take his holdings above 705k. MrBeast now reportedly holds 705,821 Aster tokens worth approximately $1.28 million. It is anticipated that the accumulation by the content creator is strategic in nature ahead of significant gains. ASTER Price Marks Gains ASTER price is currently up by 7.38% over the last 24 hours, trading at $1.94 when the article is being drafted. The price further reflects a surge of 27.3% and 2182.55% in the last 7 days and 30 days, respectively. The 24-hour trading volume is currently down by 8.29%, possibly demonstrating the intention to keep holdings as they are. It was earlier reported that many whales were on an ASTER accumulation spree. The action happened around the time when the price of Aster tokens plunged by almost 6% over the past 24 hours. Accumulation of such kinds, reportedly, happened after the token achieved its all-time high value of $2.42 on September 24, 2025. What’s Next for ASTER Price? Accumulation of Aster tokens by whale wallets and MrBeast has certainly triggered bullish sentiments around it. However, short-term ASTER price prediction estimates the token to undergo a correction. Aster tokens are expected to decline by 25.72% in the next 30 days. This would take its trading value to around $1.47. The next 5 days are expected to see the token decline by almost 23.80%, bringing up an approximate value of $1.51. A broader image underlines that ASTER price could hover within a defined range of $1.4 and $1.6, with two extreme ends likely to be $1.50 and $2.20. It is important to note that the contents of this article are neither recommendations nor advice for crypto trading and investment. Do thorough research and risk assessment. Highlighted Crypto News Today: Pump.fun (PUMP) Surge Alert: Uptrend to $0.0060 or Will It Hit a Wall? Curious by nature, Ankur's core topic is Web3, but he's a versatile writer who can cover many more subjects. If you catch up with him in his free time, you'll find discussions often center around different movies and TV series. He's an easy person to talk to—you can literally chat with him about anything. |
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2025-09-29 12:09
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2025-09-29 07:38
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Ripple Whales Accumulate $120M as Analyst Warns of XRP Price Pullback to $2.35 | cryptonews |
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TLDR:
XRP price trades at $2.86 with $3.9B in daily volume as traders brace for a potential drop before a rally. Whales accumulated 120M XRP in 72 hours, signaling confidence ahead of a possible market shift. Analysts eye a fair value gap near $2.35 as a strong support zone before any major price recovery. XRP may dip to $2.65 or lower before building a base for the next major upward leg. XRP is holding above $2.80 as traders watch for the next big move. Analysts say a final dip could come before any sustained rally. Some expect this retrace to create a stronger base for the next leg up. Others point to whale accumulation as a bullish signal. The market is tense, and price action over the next few weeks could set the tone for Q4. Per data from CoinGecko, XRP trades at $2.86 with a daily gain of 2.95%. Weekly gains stand at 1.48%, showing steady momentum despite recent volatility. The 24-hour trading volume crossed $3.9 billion, reflecting active participation across exchanges. Whale Buying and Fair Value Gap Targets Ali, a crypto analyst on X, reported that whales have purchased 120 million XRP in the past 72 hours. This level of accumulation often signals confidence in future price action. Analysts say large holders could be positioning ahead of a potential market move. EGRAG CRYPTO shared that his long-term view on XRP remains bullish but warned of a possible flush before the next rally. He expects the price to revisit the $2.35 to $2.40 range, which aligns with a key fair value gap. This level, he said, could act as strong support and set up a healthier move upward. The analyst referred to previous price behavior, saying it once took 129 days for a gap to fill on the 3-day chart. Based on similar patterns, he sees the current gap potentially filling by mid-November. However, he stressed that timing may vary and that price levels are the main focus. If XRP drops to $2.65 and holds, EGRAG sees that as a possible bottoming structure. But he favors a deeper retrace toward $2.30 to $2.40 before the next leg up. That dip, he said, would build a stronger base for a sustained rally. #XRP – A Flush Out is Better Than a Quick Pump! 💪 ⚪️Same Stance: My long-term view on #XRP hasn’t changed, so do not start crying in the comments section. It’s important to understand the context of each post and the time frame I’m discussing. ⚪️Fair Value GAP Analysis 📊 I… pic.twitter.com/XtcLAZV60i — EGRAG CRYPTO (@egragcrypto) September 29, 2025 Market Outlook as XRP Price Consolidates Traders are watching to see whether the price tests support near $2.65 in the coming sessions. A hold above that zone could trigger renewed momentum toward $3.00. But a sweep of the fair value gap near $2.35 may still be on the table. Analysts say such a move would not necessarily be bearish. Instead, it could reset overbought conditions and attract fresh buying interest. Whale buying adds weight to the case for accumulation at lower levels. The market will be watching whether volume spikes if XRP dips into that range. For now, XRP remains in consolidation with strong liquidity. The coming weeks will likely confirm whether this is a pause before continuation or a setup for one last shakeout. |
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2025-09-29 12:09
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2025-09-29 07:40
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WazirX files final submission in Singapore court after July 2024 $234M hack | cryptonews |
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WazirX, the Indian cryptocurrency exchange hacked in July 2024 for $234.9 million, has said that it is complying with the order passed by the Singapore High Court. On September 26, the exchange filed its last written statement, following the court-mandated deadline in the restructuring case that was attached to the cyberattack.
The previous deadline from the creditors to correct affidavits expired on September 19, which was followed by Zettai Pte Ltd’s response on September 22nd. Also, both WazirX’s Singapore entity and non-party creditors had due dates to file their last submissions by September 26. The court will now examine these filings and will schedule hearings. WazirX said it will abide by any legal pronouncement and will continue to keep its customers updated in the process. WazirX hack fallout leads to legal restructuring The July 2024 breach was a major turning point for the exchange. Hackers targeted the Safe Multisig wallet and stole assets worth almost $235 million; subsequent investigations blamed North Korean hackers for the attack. In the aftermath, WazirX froze both cryptocurrency and Indian rupee withdrawals. To limit the financial impact, the exchange is pursuing a scheme of arrangement under the supervision of the courts in Singapore. The process is intended to restructure obligations without interfering with operational continuity. WazirX’s legal proceedings in Singapore are central to the case and involve the Singaporean entity that operates as WazirX, Zettai Pte Ltd, which is in charge of the crypto-to-crypto market. Additionally, non-party creditors have been invited to make their position known as the restructuring plan rolls out. This court decision also emphasizes regulatory oversight, as judges asked some of the creditors to resubmit affidavits after their initial filings did not satisfy regulatory requirements. Next steps in the court process With all submissions now filed, the High Court is likely to fix a hearing date. The decision will impact the future of WazirX’s restructuring strategy, which aims to balance creditor claims with the exchange’s ability to recover and rebuild. In a recent update, WazirX reported that 95.7% of scheme creditors and 94.6% of approved claims voted in favor of its amended restructuring proposal. The results were also independently confirmed by Alvarez & Marsal (SE Asia) Pte Ltd’s Joshua Taylor and Henry Anthony Chambers, who found there to be solid support for the adjusted plan. The revised timetable reflects the court’s attempts to simplify the process so that creditors and WazirX have an even playing field to present their cases. For customers, the next phase will allow clarity on the extent to which compensation or recovery measures can be put in place under the scheme of arrangement. Despite the ongoing legal proceedings, WazirX has emphasized its commitment to rebuilding user trust. The exchange noted, “We truly value your patience and support. Thank you for standing by us.” Get up to $30,050 in trading rewards when you join Bybit today |
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2025-09-29 12:09
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2025-09-29 07:42
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IBIT's Options Market Fuels Bitcoin ETF Dominance, Report Suggests | cryptonews |
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IBIT’s Options Market Fuels Bitcoin ETF Dominance, Report SuggestsUnchained and analyst Checkmate highlight how iShares Bitcoin Trust leveraged ETF options have reshaped flows and bitcoin’s volatility profile. Updated Sep 29, 2025, 11:42 a.m. Published Sep 29, 2025, 11:42 a.m.
Analyst James Check and Unchained produced a report on the current bitcoin BTC$112,136.68 market landscape, with the most interesting takeaway being the rise of the bitcoin exchange-traded funds (ETFs) specifically the success of iShares Bitcoin Trust (IBIT) and the options market that now underpins the product. The report opens with a quote saying: "Options are now the dominant derivatives instrument by open interest, being over $90 Billion in size, and eclipsing the futures markets at $80 Billion". STORY CONTINUES BELOW Since its launch in January 2024, IBIT has seen around $61 billion in net inflows over 18 months, making it one of the most successful ETF's of all-time. However, the dominance accelerated following the launch of ETF options in November 2024. The options market, which gives investors the right but not the obligation to buy or sell an asset at a set price within a certain timeframe, has dramatically reshaped flows, with IBIT attracting $32.8 billion in inflows while competitors have remained flat since the options began trading. The report states that IBIT now controls 57.5% of all bitcoin ETF assets under management (AUM), up from 49% in October 2024, with roughly 40 cents of options open interest for every dollar of bitcoin held in the fund. By contrast, Fidelity’s FBTC, the second largest ETF, is about 25 times smaller than IBIT in options open interest, with around $1.3 billion. This level of activity has made IBIT a rival to Deribit, the world’s largest crypto options exchanges, where daily trading volumes typically run between $4 billion and $5 billion, according to the report. The report also points to 13F filings, the quarterly disclosures required by the SEC for investment managers with over $100 million in assets. These filings show institutions holding ETFs, allowing others to use the options market to be able to short or use arbitrage methods for hedging volatility. Overall, the report concludes that bitcoin’s volatility profile has shifted meaningfully in this cycle, with ETFs and their options markets serving as a major driver of that change. "In our view, the launch of options on top of the spot ETFs is thus far an under-discussed, but highly important change in Bitcoin’s recent market structure", the report said. 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 From SPACs to Cash-Flow Buys: How DATs Are Plotting the Next Growth Phase 17 hours ago Strive's Semler buy, the first DAT-to-DAT deal, cements “Bitcoin per share” as the key metric while setting the stage for a broader wave of consolidation. What to know: An industry banker sees three strategies: mergers, cash-flow buys, and legitimate tie-ups for DATs to grow.Strive's acquisition of Semler marks the first merger of publicly traded bitcoin treasuries, signaling a new era for DAT companies.The deal is likely the first of many to come within the industry. Read full story |
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2025-09-29 12:09
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2025-09-29 07:45
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0% Shiba Inu in 24 Hours: Key Metric Halted | cryptonews |
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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. With a 0% change in its exchange reserve metric over the past day, Shiba Inu is displaying a rare sign of inactivity on the exchange front. This essentially means that there have been no significant SHIB inflows or outflows across exchanges, reversing a trend that usually increases price volatility. Shiba Inu: No movement?Stasis in reserves frequently indicates market indecision because neither buyers nor sellers are intervening forcefully enough to change the balance. At the moment, SHIB is trading close to $0.0000119, which is the lower edge of a conventional symmetrical triangle. SHIB/USDT Chart by TradingViewFor months, the price has been compressing inside this structure, which is indicated by rising support from the summer lows and falling resistance from the highs. SHIB is currently testing the lower trendline, indicating that the consolidation phase is nearing a turning point. HOT Stories On-chain dynamicIt appears that traders are hesitant to make large commitments until SHIB confirms its next breakout direction, as evidenced by the fact that exchange reserves froze at 84.57 trillion tokens. Other on-chain data, however, does indicate some slight activity: transaction counts increased by +1.24%, and token transfers increased by +1.48%. However, the price momentum remains muted and does not reflect these marginal increases. This hesitation is also reflected in the chart’s thinning volume. While not yet in oversold territory, the RSI, which is at 41, indicates a bearish bias. Regaining the cluster of moving averages above (50 EMA, 100 EMA and 200 EMA) would be required for any bullish reversal attempt, while a clear breakdown below support at 0.0000110 might pave the way for a move toward 0.0000090. One way or another, SHIB is stagnant on the charts and the chain. Both buyers and sellers are marginalized, as evidenced by the 0% change in the exchange reserve. When this lull ends, traders should brace themselves for volatility, but for the time being, Shiba Inu is essentially stagnant. |
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