Market Signal Briefing

If you believe artificial intelligence will take up a growing share of energy, Vistra might just be the stock for you.

Electricity demand in the U.S. is rising rapidly, primarily driven by data centers and the explosive growth in artificial intelligence. Vistra (VST 2.82%) is one energy company that could benefit from this surge in demand.

Vistra raised its outlook, and analysts are turning positive on the stock, but is it a buy today? Let's jump into the business and the investment opportunity it presents.

Image source: Getty Images.

Vistra's power advantage
Vistra serves 5 million residential, commercial, and industrial retail customers, providing them with much-needed electricity. Based in Irving, Texas, Vistra operates a fleet of approximately 41,000 MW of generating capacity, positioning it as the largest competitive power generator in the U.S. It provides power services across 18 states and Washington, D.C., giving it a foothold in all of the major competitive wholesale power markets in the country.

The company generates electricity from a diverse portfolio of sources, including:

Natural gas: 59% of capacity
Nuclear: 16% of capacity and the second-largest nuclear power fleet in the U.S.
Coal: 21% of capacity
Renewables and battery storage: 4% of capacity

Vistra primarily sells power through retail contracts and wholesale markets. In its retail segment, it sells electricity and natural gas to end-use customers, primarily through brands like TXU Energy, Energy Harbor, and Ambit.

In its wholesale segment, it sells power, capacity, and ancillary services into all major competitive wholesale markets in the U.S. These markets are managed by Independent System Operators (ISOs) and Regional Transmission Organizations (RTOs), which manage the flow of power to their respective grids.

The majority of its generation facilities operate as merchant facilities selling into the spot market or short-term markets. This means that Vistra's profits depend heavily on supply and demand in these regional markets. When prices rise, it can make more money, but when prices fall, earnings will follow.

Data centers could provide a tailwind to energy demand
Vistra expects load demand to continue growing across its primary markets. One key driver of this growth is the emergence of large data centers that power transformative technologies like artificial intelligence (AI). Numerous hyperscalers have affirmed or increased their capital expenditure levels, providing some visibility into future demand.

Energy demand is also picking up thanks to the electrification of oil field operations (especially in the Permian Basin of West Texas) and growth in onshore manufacturing. Management believes load growth will compound annually in a low-to-mid single-digit range through 2030 across its markets, and is expanding its capacity to meet growing demand.

The company has secured 20-year license renewals for all six reactors in its fleet, including the recent approval for the Perry Nuclear Power Plant to operate through 2046. It has also started construction on projects supporting contracts with Amazon and Microsoft, with expected commercial operation dates in 2025 and 2026, respectively.

Investors should be mindful of this risk
Vistra is vulnerable to market fluctuations because it primarily operates as a merchant power provider, making its revenues and operating cash flows significantly affected by volatile prices for wholesale electricity, natural gas, and other fuels.

For example, changes in natural gas prices affect operating margins on Vistra's nuclear and coal facilities, as electricity prices generally track natural gas prices. Additionally, if electricity demand does not grow as expected, perhaps due to more energy-efficient AI or slower adoption of AI, its performance could suffer.

Is Vistra stock a buy?
Vistra stock has surged 78% over the past year, and as a result, it is priced at 34.5 times projected 2025 non-GAAP earnings per share (EPS). Looking forward, analysts project non-GAAP EPS could grow 57% in 2026 to $8.87 and another 17% to $10.35 in 2027.

Vistra has favorable tailwinds, especially if data center energy demand ramps up. Strong demand would benefit its merchant power model, enabling it to capitalize on rising demand and energy prices. If you think AI-driven energy demand will continue growing in the next few years, as experts project, Vistra is a stock you'll be glad you own.

Courtney Carlsen has positions in Microsoft. The Motley Fool has positions in and recommends Amazon and Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

You can count on these ultra-reliable dividend stocks to boost your passive income no matter what the stock market is doing.

As companies mature, they often choose to implement a dividend as a way to directly reward shareholders. On the other hand, smaller up-and-coming companies will want to put all the dry powder possible into their ideas to make them succeed.

Coca-Cola (KO -0.52%), Procter & Gamble (PG 0.21%), and Sherwin-Williams (SHW 0.53%) are three industry-leading companies that have been around for over 100 years. Their track records have earned them spots among the 30 components in the Dow Jones Industrial Average (^DJI 0.65%).

Dividends have been an integral part of their capital allocation plans for decades. And because all three companies have steadily grown their earnings over time, they have also been able to increase their quarterly dividends.

Investing $15,000 into each stock could help you generate over $1,000 in passive dividend income per year. Here's why all three dividend stocks are great buys in October.

Image source: Getty Images.

This beverage behemoth is also a passive income powerhouse
Coca-Cola was one of the few stocks that held up when the market was tanking in response to tariff woes and geopolitical uncertainty in April. That same month, it hit an all-time high. But since then, Coke has been steadily falling while the S&P 500 (^GSPC 0.59%) has been gaining. And after a hot start to the year, Coke is now underperforming the Dow and the S&P 500.

^SPX data by YCharts

Coke's fundamentals remain intact. The company is generating solid organic growth and diversifying its beverage lineup by leaning into healthier options. Coca-Cola Zero Sugar and Diet Coke are performing well, and Coke is shifting from high-fructose corn syrup to cane sugar in the U.S.

Coke has the beverage lineup, supply chain (through its bottling partnerships), and brand power to adapt to changing consumer preferences. In the meantime, the stock has gotten much cheaper, sporting a 23.6 price-to-earnings (P/E) ratio compared to a 10-year median P/E of 27.7.

Coke yields 3.1%, making it a solid source of passive income. And it has raised its dividend for 63 consecutive years, earning it a coveted spot on the list of Dividend Kings.

P&G is a great value for long-term investors
P&G is in a similar boat to Coke. It has great brands, but consumers are getting hit hard by inflation and cost-of-living pressures.

In June, P&G announced plans to cut 7,000 jobs and exit certain brands and markets as part of a restructuring effort. In July, it announced that its chief operating officer, Shailesh Jejurikar, would take over as CEO on Jan. 1, 2026. These major shakeups, paired with relatively weak results and guidance, may be why P&G is hovering around a 52-week low at the time of this writing.

P&G has essentially three levers it can pull to grow its earnings. It can sell higher volumes of products, it can raise prices, and it can repurchase stock, which increases earnings per share. Volume growth is the most sustainable option because it has fewer limits compared to price increases, which are subject to consumer constraints. And there's only so much free cash flow P&G generates to buy back its stock (it usually reduces its share count by 1% to 2% per year).

Unfortunately, P&G has been relying heavily on price increases in recent years. And consumers are pushing back, as P&G's organic growth has drastically slowed.

PG data by YCharts

P&G now sports a P/E ratio of 23.4 and a forward P/E of 21.8 compared to a 10-year median P/E of 25.5. Like Coke, P&G is a Dividend King with a high yield at 2.8%. It's a great buy for risk-averse investors looking for a reliable source of passive income who don't mind giving the company time to restructure.

Sherwin-Williams' recent pullback is a buying opportunity
The paint and coatings giant had been a steady market outperformer to the point where it earned its spot in the Dow last year, replacing commodity chemical giant Dow Inc. But Sherwin-Williams' stock has underperformed the major indexes this year largely due to high interest rates, which are impacting many of its end markets.

Sherwin-Williams benefits from increases in consumer spending and economic growth. Higher borrowing costs have been a drag on the housing market and home improvement projects, as evidenced by Home Depot's lackluster earnings growth over the last couple of years.

Still, Sherwin-Williams has the makings of an excellent dividend stock for long-term investors. It has 46 consecutive years of dividend raises, but its yield is just 0.9% because the stock price has outpaced its dividend growth rate -- gaining 352% over the last decade, which is even better than the S&P 500's 244% increase.

Sherwin-Williams has an excellent business model. It sells its products through its own retail stores, online, and partnerships with retailers like Lowe's Companies. It also has a sizable coatings business and industrial and commercial paints business. Coatings are used to protect surfaces across various industries, including automotive, aerospace, and marine.

Add it all up, and Sherwin-Williams is a great buy in October.

Quality companies at attractive valuations
Coke, P&G, and Sherwin-Williams may not light up a growth investor's radar screen. But all three companies pay growing, ultra-reliable dividends.

Coke and P&G have discounted valuations compared to their historical averages, whereas Sherwin-Williams is roughly in line with its 10-year median valuation.

Add it all up and these are three picks ideally suited for investors looking to round out their portfolios with non-tech-focused ideas.

Daniel Foelber has positions in Procter & Gamble. The Motley Fool has positions in and recommends Home Depot. The Motley Fool recommends Lowe's Companies and Sherwin-Williams. The Motley Fool has a disclosure policy.

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.

A prominent Bitcoin critic has issued a stark warning to companies holding the cryptocurrency, suggesting they could face a “brutal bear market” as Bitcoin prices drop below critical support levels. The alert comes amid heightened market volatility, raising concerns about the sustainability of business models that rely heavily on holding BTC as a core asset.

Bitcoin’s price trajectory is drawing comparisons to gold’s early 2000s bull run, with analysts pointing to $112,000 as the key breakout level. CoinDesk Senior Analyst James van Straten noted that bitcoin’s market structure is shifting in tandem with gold’s repricing, with steady inflows into spot ETFs creating a stair-step advance. He predicts a slow grind upward, punctuated by healthy 10–20% corrections, much like gold’s long rally two decades ago. While bitcoin may lag gold at times, van Straten expects BTC to outperform on total returns over a full market cycle.

Crypto analyst Michaël van de Poppe highlighted critical near-term price zones. He marked sub-$107,000 as a potential “buy zone,” where dip buyers could reenter the market. On the upside, he flagged $112,000 as the decisive ceiling. A strong daily close above that level would, in his view, confirm renewed momentum and expand risk appetite, often sparking a rotation into major altcoins—what traders call “altcoin mode.”

The gold-versus-bitcoin debate was reignited when Euro Capital CEO Peter Schiff criticized Michael Saylor’s bitcoin-heavy corporate treasury strategy. Schiff argued that gold provides far greater liquidity, allowing billions in trades without disturbing the market. In contrast, he claimed, unloading a large bitcoin position could trigger price drops and copycat selling. Bitcoin advocates counter that large exits can be managed over time and through over-the-counter channels, but Schiff emphasized gold’s depth as an advantage for big institutions.

From a technical perspective, CoinDesk Research reported bitcoin consolidating between $109,156 and $109,849, with $109,400 emerging as short-term support and $109,750 as resistance. Analysts suggest a close above $109,750 opens the path to $110,000–$111,000, with $112,000 as the broader trigger for upside momentum. A breakdown below $109,400, however, risks a slide toward $109,150 or lower.

As of late September, bitcoin remains in a tight $109K–$112K range. A confirmed breakout above $112,000 could set the stage for renewed bullish momentum, while continued sideways movement signals consolidation before the next major move.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Galaxy Digital CEO Mike Novogratz recently reflected on his changing views of XRP during a discussion with podcaster Kyle Chasse. The well-known investor admitted that he initially believed Ripple’s legal battle with the U.S. Securities and Exchange Commission (SEC) would wipe out the token. However, he now acknowledges XRP’s resilience, crediting Ripple CEO Brad Garlinghouse for navigating the lawsuits while keeping the community strong.

Novogratz emphasized that XRP’s passionate base has been key to its survival. Once dismissive of the token’s “cult-like” following, he now sees such loyalty as an essential part of crypto’s success. According to him, every major cryptocurrency that has thrived owes much of its growth to communities that resemble movements rather than just investors. Unlike traditional equities—where few stocks inspire such devotion beyond rare cases like Tesla—cryptocurrencies thrive on belief-driven ecosystems.

He explained that the roots of this phenomenon go back to the 2008 financial crisis, when trust in governments and banks eroded. Crypto communities emerged as a new form of trust, built around decentralization and shared conviction. This, Novogratz noted, is what separates digital assets from conventional investments.

Despite once questioning XRP’s decentralization, Novogratz has softened his stance. He admitted that XRP turned out to be one of the best-performing assets since late 2024, defying expectations. “Who would have ever guessed that?” he remarked, pointing out how the token continues to rally despite regulatory pressures.

Novogratz also highlighted that the XRP community never sees the asset as “too expensive,” a mindset unusual in traditional markets. With such commitment, he believes XRP has proven that community strength can outweigh skepticism—even from prominent voices like his own.

By combining strong leadership, legal perseverance, and unmatched community loyalty, XRP has transformed from a doubtful bet into one of the crypto market’s standout stories.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Hyperliquid (HYPE), a leading decentralized exchange (DEX), has introduced a new community-focused initiative with the rollout of its Hypurr NFT collection. The project aims to strengthen user sentiment as the network faces ongoing volatility. A total of 4,600 NFTs were distributed automatically on the HyperEVM, requiring no action from users. According to the Hyper Foundation, 4,313 NFTs went to Genesis Event participants, 144 to the Foundation, and 143 to contributors, including developers and artists. Each NFT reflects unique elements of Hyperliquid’s culture, such as community moods, hobbies, and interests. Notably, CEO Jeff Yan contributed 16 NFTs that were randomly allocated.

The NFTs were minted directly on the HyperEVM, a programmability layer launched in February 2025. This architecture connects smart contracts with Hyperliquid’s Layer-1 via HyperBFT consensus, enabling developers to build applications like lending protocols, vault tokenization platforms, and liquid staking tokens.

Alongside the NFT release, Hyperliquid introduced permissionless spot quote assets on its mainnet. This feature allows stable asset deployers to activate quote status under on-chain governance rules. USDH, Hyperliquid’s stablecoin backed by cash and U.S. Treasuries, became the first permissionless quote asset, launching trading pairs like HYPE/USDH. Analysts note that this move positions Hyperliquid to compete more effectively with rivals, including Aster, which has recently overtaken Hyperliquid in trading volumes.

Despite these developments, the HYPE token price showed only modest growth, rising 0.8% to $45.61. Market concerns persist due to a looming $12 billion token unlock and recent instability of kHYPE, Hyperliquid’s staked governance token, which briefly lost its peg before recovering. Additionally, security concerns emerged after blockchain investigator ZachXBT reported that attackers stole eight Hypurr NFTs worth around $400,000 from compromised wallets.

While Hypurr NFTs highlight Hyperliquid’s commitment to community engagement, ongoing stability challenges—particularly token volatility—remain key hurdles. Still, the combination of NFTs, stablecoin infrastructure, and on-chain innovation underscores Hyperliquid’s determination to expand its ecosystem and reinforce long-term network effects.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States saw a sharp reversal last week, recording over $1.7 billion in net outflows. The downturn came as both cryptocurrencies endured price declines of more than 8% during the reporting period, sparking a wave of redemptions from institutional investors.

According to data from SoSoValue, spot Bitcoin ETFs lost $903 million in net withdrawals. This marked the end of a month-long streak of inflows that had previously reflected growing institutional demand for Bitcoin exposure. However, sentiment shifted as global economic uncertainty deepened, prompting investors to trim risk and adopt a more defensive stance.

Ethereum ETFs faced even steeper challenges. The nine US-listed spot Ethereum ETFs recorded $796 million in redemptions, the largest weekly outflow since their launch earlier this year. The synchronized retreat highlights a broader cooling in crypto ETF demand, as market participants reassess strategies in light of macroeconomic headwinds.

The sell-off was driven by concerns over persistent inflation, slowing global growth, and uncertainty around US monetary policy, factors that have reduced appetite for high-risk assets like cryptocurrencies. As a result, many institutional allocators who once viewed spot crypto ETFs as an accessible entry point are now scaling back exposure.

At the same time, newly launched ETFs tied to Solana and XRP have started to attract fresh investor interest. These products are drawing capital away from traditional Bitcoin and Ethereum funds, signaling a shift toward diversification within digital asset portfolios. While risk sentiment has cooled, demand for crypto exposure remains selective, with investors exploring opportunities beyond the two largest cryptocurrencies.

Meanwhile, CryptoQuant data suggests that Bitcoin treasury firms raising capital through PIPE deals are facing additional pressure as share prices move toward discounted issuance levels, underscoring broader stress in crypto capital markets.

In the current climate, Bitcoin and Ethereum remain central to digital asset investing, but growing competition from alternative token ETFs reflects an evolving landscape where investors are cautious, defensive, yet still open to diversification opportunities.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

In September 2025, XRP has emerged as one of the most closely watched digital assets in the crypto market. A combination of regulatory clarity, institutional inflows, and technological upgrades to the XRP Ledger (XRPL) is creating an environment that could define the token's trajectory for the rest of the year.

Reports have disclosed that 16 wallets picked up 431,018 Ether between September 25 and 27, spending about $1.73 billion to do so. The buys came through names like Kraken, Galaxy Digital, BitGo, FalconX and OKX.

That scale of accumulation pushed attention back to who is buying the dip, and why larger players seem willing to add exposure while prices wobble.

Exchange Balances Fall To 9-Year Low
According to Glassnode data, the amount of ETH held on exchanges has plunged from roughly 31 million to about 14.8 million ETH — a drop of 52% from 2016 levels.

Many of those coins are likely in staking contracts, cold wallets or institutional custody, and the recent launch of the first Ethereum staking ETF has helped pull more supply off exchanges.

Lower exchange balances mean fewer coins ready to be sold instantly on exchanges, which can make price moves sharper when big orders hit the market.

ETH Hovers Near $4,000 As Volatility Rises
Based on TradingView readings, ETH is trading around $4,011, down roughly 0.33% over the last 24 hours and more than 10% over the past week.

ETHUSD currently trading at $4,015. Chart: TradingView
The token briefly slipped under $3,980 earlier in the session before climbing back, and it remains below a recent close of $4,034.

This two-week pullback has returned ETH to a key $4,000 support area, and short-term swings have become more pronounced as holders reposition.

$3,700 Becomes A Line In Sand
Crypto analyst Ted Pillows has warned that the $3,700 to $3,800 zone could face heavy pressure. Reports note that if ETH falls below $3,700, many margin positions could be wiped out and spark forced selling that pushes prices lower.

$ETH liquidity heatmap is showing decent long liquidations around the $3,700-$3,800 level.

This level could be revisited again before Ethereum shows any recovery. pic.twitter.com/SQTbfrujAa

— Ted (@TedPillows) September 27, 2025

With fewer coins on exchanges and concentrated margin exposure, the short-term outlook is more fragile even as longer-term demand indicators look solid.

ETF Outflows Show Institutional Mood Can Flip
US-listed ETH funds recorded nearly $800 million in outflows this week, their largest redemptions to date. Still, roughly $26 billion sits in Ethereum ETFs, equal to 5.37% of total supply.

Whales keep accumulating $ETH!

16 wallets have received 431,018 $ETH($1.73B) from #Kraken, #GalaxyDigital, #BitGo, #FalconX and #OKX in the past 3 days.https://t.co/0DPxgZMGN7 https://t.co/xtPLBKo9LZ pic.twitter.com/oEXZKIErmr

— Lookonchain (@lookonchain) September 27, 2025

Those numbers underline how quickly institutional sentiment can change: big inflows can vanish just as fast, and ETF flows now add a new, sizable layer to price dynamics.

Lookonchain data also highlighted a prior accumulation of roughly $204 million in ETH, showing similar patterns of large players stepping up during dips.

Retail traders appear more cautious for now. But the sequence of big buys from institutional-grade custodians suggests some buyers view dips as buying chances while others choose to wait on the sidelines.

Featured image from Unsplash, chart from TradingView

The stock has rocketed 361% over the last 12 months.

BigBear.ai (BBAI -5.74%) is a leader in providing artificial intelligence (AI) technology for national security. Investor optimism about increasing government investment in AI, and the potential impact on BigBear, has sent the stock up 361% over the last year.

President Donald Trump's "big, beautiful bill" could be a catalyst, as it provides substantial funding for spending on defense technology. BigBear.ai believes it is well positioned to benefit, but does this make the stock a buy?

Image source: Getty Images.

BigBear.ai is aiming for large government deals
Revenue has been flat over the last three years. The company reported an 18% year-over-year decrease in revenue in the second quarter, driven by lower volume from certain Army programs.

While the loss of revenue from these Army programs was a setback, legislative tailwinds are in BigBear's favor. The bill provides billions of dollars in funding for border security, which is one of BigBear's specialties, where it supplies biometric solutions for traveler processing.

BigBear ended last quarter in a solid financial position. It has a net cash position of $248 million on its balance sheet -- the strongest financial position in the company's history. Management intends to invest aggressively in hiring top-tier AI talent and innovation to win a share of the funding going to national security programs.

The stock offers significant upside potential from a market cap of just $2.6 billion. But the company will have to prove it is up to the job and win more contracts, which is no guarantee. I would look at the stock like a call option on whether the company can land a big contract. This is a stock for those who are willing to accept high volatility for the potential of explosive returns if BigBear.ai can secure large government deals.

John Ballard has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

NEW YORK, Sept. 28, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Synopsys, Inc. (NASDAQ: SNPS) resulting from allegations that Synopsys may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Synopsys securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=44981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 9, 2025, after market hours, Synopsys issued a press release entitled “Synopsys Posts Financial Results for Third Quarter Fiscal Year 2025.” In this announcement, Synopsys’ CEO was quoted as saying that “[w]hile I’m proud of how our team navigated external challenges in the quarter, our IP business underperformed expectations. We are taking action to enhance our competitive advantage and drive resilient, long-term growth.” The next day, Zacks Equity Research published an article entitled “Synopsys Q3 Earnings and Revenues Miss Estimates, Stock Plunges 22%.” The article stated that Synopsys shares had “plunged” after it “reported results for the third quarter of fiscal 2025, missing both top and bottom-line consensus estimates.”

On this news, the price of Synopsys stock fell $216.59 per share, or 35.8%, to close at $387.78 on September 10, 2025.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of sellers of ordinary shares, including those that sold into the Merger of Sina Corporation (NASDAQ: SINA) between October 13, 2020 and March 22, 2021, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2025.

So What: If you sold Sina ordinary shares, including those that sold into the Merger, during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Sina class action, go to https://rosenlegal.com/submit-form/?case_id=45219mailto:or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 18, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the Case: According to the lawsuit, defendants' created a fraudulent scheme to depress the value of Sina ordinary shares to avoid paying a fair price to Sina's shareholders in connection with the Merger. Defendants executed this scheme by misrepresenting and/or omitting material information within and from Sina's proxy materials in connection with the Merger that were necessary for shareholders to make an informed decision concerning whether to vote in favor of the Merger. Specifically, defendants failed to disclose that: (1) defendants concealed the true value of Sina's investment in TuSimple at the time of the Merger; (2) in turn, the offer of $43.30 per ordinary share as consideration for the Merger substantially shortchanged the true value of Sina ordinary shares; and (3) as a result, defendants' statements about Sina's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sina class action, go to https://rosenlegal.com/submit-form/?case_id=45219 mailto:call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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September 28, 2025 4:51 PM EDT | Source: PTX Metals Inc.
Toronto, Ontario--(Newsfile Corp. - September 28, 2025) - PTX Metals Inc. (TSXV: PTX) ("PTX" or the "Company") is pleased to announce the following updates to its previously disclosed non-brokered private placements, as referenced in its news releases dated September 8, 2025 and September 16, 2025. In response to market demand, the Company has increased the maximum size of the offering (the "LIFE Offering") being completed under LIFE Exemption (as defined below) from $3,500,000 to $5,500,000 while keeping a minimum offering of $2,000,000 of HD Units (as defined below). There remains no minimum on the size of the offering of "charity flow-through units" ("CFT Units").

LIFE Offering

Pursuant to the amended terms of the LIFE Offering, the Company is offering for sale by way of non-brokered private placement: (i) hard dollar units (the "HD Units") at a price of $0.10 per HD Unit; and (ii) CFT Units at a price of $0.15 per CFT Unit (the CFT Units together with the HD Units are referred to herein as, the "Units"), to raise aggregate gross proceeds of up to $5,500,000. Each Unit shall consist of one (1) common share and one-half of one (1/2) share purchase warrant (each whole such share purchase warrant, a "Warrant"). Each Warrant is exercisable to acquire one (1) additional Warrant Share at a price of $0.16 per Warrant Share for a period of 36 months from the date of issuance. The Warrants issued pursuant to the LIFE Offering will be subject to a restriction on exercise expiring 61 days following the date of issuance.

The Company intends to use the proceeds from the issuance of the HD Units for general corporate expenses and working capital purposes.

The gross proceeds from the issuance of the CFT Units will be used to incur eligible "Canadian exploration expenses" as defined in subsection 66.1(6) of the Income Tax Act (Canada) (the "Tax Act") that qualify as "flow-through critical mineral mining expenditures" as defined in subsection 127(9) of the Tax Act (the "Qualifying Expenditures") related to the Company's projects in Ontario. The Qualifying Expenditures will be incurred on or before December 31, 2026 and will be renounced by the Company to the initial purchasers of the CFT Units with an effective date no later than December 31, 2025 in an aggregate amount not less than the gross proceeds raised from the issue of the CFT Units.

The Units issued under the LIFE Offering are being offered to purchasers pursuant to the Listed Issuer Financing Exemption (the "LIFE Exemption") under Part 5A of National Instrument 45-106 - Prospectus Exemptions, and as modified by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, in each of the provinces of Canada. Pursuant to the LIFE Exemption, the Units to be issued pursuant to the LIFE Offering will not be subject to a hold period under Canadian securities laws.

The Company has filed on its SEDAR+ profile contemporaneously herewith an amended and restated offering document addressing the upsized LIFE Offering available for purchase in accordance with the requirements of Form 45-106F19 (the "Offering Document"). The amended and restated Offering Document can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at www.ptxmetals.com. Prospective investors should read the amended and restated Offering Document before making an investment decision.

Non-LIFE Offering

In addition, the previously disclosed concurrent non-brokered offering (the "Non-LIFE Offering") has also been amended. The amendments remove the charity flow-through component of this offering and increase the maximum size of the offering of flow-through units ("FT Units") from $1,000,000 to $1,500,000. The FT Units will be issued at a price of $0.135 per FT Unit with each FT Unit being comprised of one common share and one-half of one (1/2) Warrant. The securities sold under the Non-LIFE Offering will be sold under prospectus exemptions other than the LIFE Exemption and the securities underlying the FT Units sold under the Non-LIFE Offering will be subject to a hold period of four months and one day from the date of issuance.

The closing of the LIFE Offering and Non-LIFE Offering (the "Closing") may occur in multiple tranches, with the final Closing expected to occur starting on September 29, 2025. The offerings are subject to certain conditions, including applicable regulatory approvals and acceptance by the TSX Venture Exchange ("TSXV").

Additional Information

Insiders of the Company may participate in the offerings. The issuance of securities to insiders will be considered "related party transactions" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on the exemption set forth in section 5.5(a) of MI 61-101 from the formal valuation requirements of MI 61-101 and the exemption set forth in section 5.7(1)(a) of MI 61-101 from minority shareholder approval requirements of MI 61-101 in respect of such insider participation as the fair market value of the offerings, insofar as they involve interested parties, is not expected exceed 25% of the Company's market capitalization.

In connection with the offerings (as permitted by the policies of the TSXV), eligible finders will be paid a cash amount equal to 7% of the gross amount raised by finders. In addition, a number of finder warrants equal to 7% of the number of Units and FT Units issued pursuant to the offerings (the "Finders Warrants") will be issued to eligible finders. Each Finders Warrant will entitle the holder thereof to purchase one common share at a price of $0.14 (subject to adjustment) for a period of two (2) years following the issuance of the Finders Warrants. The Finders Warrants will be subject to a statutory hold period in Canada of four (4) months and one (1) day after the issuance of the Finders Warrants.

About PTX Metals Inc.

PTX is a mineral exploration company focused on high-quality strategic metals assets in northern Ontario, allowing exposure for shareholders to Copper, Gold, Nickel, and PGEs discovery. The Province of Ontario is renowned as a first-class mining jurisdiction for its abundance of mineral resources and safe jurisdiction.

Our corporate objective is to advance our assets, and unveil the potential of two Flagship Projects, the W2 Cu-Ni-PGE located in the strategic Ring of Fire region, and the Shining Tree Gold Project neighbor to multi-million ounces gold deposits in the Timmins Gold Camp.

PTX's portfolio of assets was strategically acquired for their geologically favorable attributes, and proximity to established mining companies.

PTX is based in Toronto, Canada. The Company is also listed in Frankfurt under the symbol "9PF" and on the OTCQB in the United States as "PANXF".

For additional information on PTX, please visit the Company's website at www.ptxmetals.com.

Cautionary Statement Regarding Forward-Looking Information

This news release includes forward-looking information and statements. Such statements include statements relating to the ability to complete the offerings, the timing of Closing, the extent of insider participation, and the use of proceeds of the offerings. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. The assumptions on which the forward-looking statements contained herein rely include, among others, that the Company will receive the necessary approvals for the offerings from the TSXV, that the Company will satisfy the terms of the LIFE Exemption and any other applicable securities exemptions or safe harbors and that there will be sufficient demand for the securities. Additional risk factors that may impact the Company or cause actual results and performance to differ from the forward looking statements contained herein are set forth in the Company's most recent management's discussion and analysis of financial condition (a copy of which can be obtained under the Company's profile on SEDAR + at www.sedarplus.ca). Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

NEITHER THE TSXV, NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN TSXV POLICY 1.1 - INTERPRETATION) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE. NO STOCK EXCHANGE, SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE INFORMATION CONTAINED HEREIN.

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY OF THE SECURITIES IN THE UNITED STATES. THE SECURITIES HAVE NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE "U.S. SECURITIES ACT") OR ANY STATE SECURITIES LAWS AND MAY NOT BE OFFERED OR SOLD WITHIN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED UNDER THE U.S. SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS OR AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE. THIS NEWS RELEASE DOES NOT CONSTITUTE AN OFFER OR SALE OF SECURITIES IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268290

(Photo by Beata Zawrzel/NurPhoto via Getty Images)

NurPhoto via Getty Images

Tucked amid the outcry over Jimmy Kimmel’s suspension, FCC threats against broadcast licensees, and all the rest, a modest analyst proposal surfaced that would short circuit the possibility of a future repeat of the mess.

What if Disney stopped broadcasting, asked Needham Securities analysts Laura Martin and Dan Medina in a Sept. 23 research note? Don’t dismantle the network, just put all the news, sports, entertainment and more on Disney streaming service Hulu, where all of its FX shows run, and on the ABC app.

That way, the next time FCC Chairman Brendan Carr threatens licenses over his upset about a comedian’s bad joke, or station groups decide to pre-empt programming, Disney could continue reaching its audiences and advertisers. The key: don’t sell the broadcast licenses when you stop broadcasting, because that puts the FCC back in position to commit political mischief, because it must approve license transfers.

“We calculate that shutting down (not selling) ABC would force (Disney) to write off about $1.7 (billion) to $2.7 (billion) of free spectrum value, plus about $1.4 (billion) of lost (free cash flow) per year, which is worth about $8.3 (billion) of value based on current TV trading comps,” Martin wrote.

That sounds like a fair amount of money, but Martin and Medina suggest, “Value destruction would be (as) low as a percent of (Disney’s $204 billion) market (capitalization), and (one-time) only, which Wall Street would add back."

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And ABC, despite its top-rated evening news and hits such as Abbott Elementary, isn’t driving a lot of viewership overall. Nielsen estimates the network is averaging only 2.4 million viewers in prime time across broadcast and cable. Martin and Medina estimated the network and its owned & operated local stations generate only about $4 billion in revenues, down 11% from 2024.

Dumping the fading broadcast platform for streaming and online delivery would allow Disney investors to better value the company’s faster-growing sectors, expanding valuation multiples by 40 to 60 basis points per year for the next decade, Martin and Medina wrote. That would add 10% more value for Disney shareholders.

The real issue driving Needham’s proposal: studios can’t afford to screw around with political headaches and grandstanding at a moment when the entire business is being radically transformed by generative artificial intelligence.

"GenAI collapses time frames, thereby making the delays, distractions and headaches of regulation more expensive, so jettisoning regulatory risks is increasingly valuable,” the Needham analysts wrote.

As with just about any way-out-of-the-(TV)-box idea, there are some big caveats.

Though broadcast ratings continue to decline, they remain the best way to reach a large, broadly based audience. That’s particularly important to the major sports leagues who provide some of TV’s most valuable programming. They depend on broadcast to reach casual fans, relying on subscription services to extract more income from hard-core followers.

The NBA’s rich new contracts signed last summer were decided in part by the fact that Disney had ABC and ESPN and its streaming operations. Comcast’s NBCUniversal bid was also considered superior because of its broadcast component, compared to long-time league partner Warner Bros. Discovery, which only has a cable network and streaming. Amazon, the third winning bid, is, well, Amazon.

Similarly, CNBC reported last week that the NFL wants to advance its “look-in” provisions by a year for $111 billion in TV contracts. After more recent big rights renewals for the NBA, college football, and other leagues, the creators of television’s most-watched programming are concerned they may have left money on the table when they signed those original NFL deals.

Will having a broadcast operation still be required of any traditional media partner going forward as the league tries to anticipate what will matter in the media ecosystem of the early 2030s?

Another potential complication for such a bold move: Carr and influential FCC staffers have rumbled about expanding the commission’s regulatory power far beyond broadcast, where government regulation is said to be necessary because it relies on divvying up scarce publicly owned broadcast spectrum.

But getting into areas such as regulating online cable-like operators such as YouTube TV, or more broadly tweaking the Communication Act’s Section 230 safe-harbor provisions protecting online services are a different thing altogether.

Those kinds of regulatory extensions would require a deeply divided Congress to get on board. That could be difficult, especially given that even some conservatives said they were deeply dismayed by Carr’s comments around the Kimmel controversy.

Beyond all these issues, there is one of history and sentiment. ABC and Disney have been connected since the 1950s, when Leonard Goldenson needed programming for his new American Broadcasting Corporation. But the movie studios largely wouldn’t countenance letting even their old movies run on television, with one exception.

Walt Disney’s family-owned studio had lots of animated features and shorts and nature documentaries sitting largely unused in its library. And Walt needed money to finance his ambitious plans for a Disney theme park in Anaheim.

Out of that shared set of interests came The Wonderful World of Disney (among many other names), which would anchor Sunday prime-time schedules for ABC and then other networks for decades.

Fast forward to the 1990s. Walt is gone, Michael Eisner is CEO, charged with transforming the studio into a bigger media company. Among his deals: the $19 billion acquisition in 1996 of Capital Cities/ABC, whose senior TV executives included an ambitious former weatherman named Robert Iger.

Iger spent 22 years with ABC before the Disney deal, and now has run Disney as CEO for close to that long across two stints. Iger’s been a fierce guardian of the Disney brand, but he’s not known as a sentimentalist. Given his ABC roots, though, would Iger ever countenance a dramatic move like Martin and Medina suggest?

Probably not. But there is another consideration. The Disney board is expected to name Iger’s successor over the next few months, and the clubhouse favorite has long been co-head of entertainment Dana Walden.

Walden, a frequent walking partner with Iger, is also a long-time friend of former Vice President Kamala Harris, whose mere name seems to enrage Trump. Would a move out of Brandon Carr-regulated broadcasting take away one of the ways the administration might monkey with a preferred successor, or any major moves she might undertake at CEO?

Again, probably not. But the bigger question, as Martin and Medina lay it out, is how well Hollywood’s battered media companies can navigate a fast-changing ecosystem where YouTube attracts more streaming eyeballs than anyone, AI is dramatically reducing the cost of production and marketing, politically motivated regulators are seeking even more power, and dirt-cheap micro dramas out of China are grabbing more and more attention. Bold moves may be just what’s needed.

September 28, 2025 5:47 PM EDT | Source: Silo Wellness Inc.
Eugene, Oregon and Toronto, Ontario--(Newsfile Corp. - September 28, 2025) - Silo Wellness Inc. (CSE: SILO) ("Silo" or the "Company"), to be renamed Born Defense Inc., is pleased to announce that it has submitted its listing statement (the "Listing Statement") with the Canadian Securities Exchange (the "CSE") on September 26, 2025, for review in connection with its previously announced proposed change of business to an investment issuer focused on the defense and national security sectors.

The Listing Statement provides comprehensive disclosure regarding the Company's business, assets, financial statements, management team, and strategic direction, and is a key step toward satisfying the CSE's requirements for the resumption of trading of the Company's common shares.

As previously disclosed, the Company intends to complete a name change to Born Defense Inc. and transition its primary business focus to defense innovation and national-security investments. Born's strategy is grounded in Just War principles and the protection of individual liberty, a framework discussed at length in the Compony's podcast interview with Dr. Eric Patterson, a leading scholar of the Just War tradition ("Just War Doctrine with Dr. Eric Patterson," https://youtu.be/pBkZG9mZDMk). In that conversation, Dr. Patterson emphasized the classical criteria (legitimate authority, right intention, last resort, probability of success, proportionality, and discrimination) and how those ethics constrain power, guide deterrence, and inform responsible industrial stewardship. The submission of the Listing Statement is an important milestone in advancing this vision.

The Listing Statement also outlines recent measures undertaken by the Company to strengthen its financial position, including agreements to settle approximately CAD $4.4 million of debt through the issuance of common shares, significantly reducing liabilities and positioning the Company for its strategic transition. Upon CSE approval, this restructuring is expected to improve the balance sheet and align shareholder interests as the Company advances its change of business.

"While this must go through the full regulatory process, I'm proud of how hard our team has worked to stabilize and strengthen the public vehicle by earning buy-in from creditors who have either agreed to convert their debt into shares or to middle- and long-term payment plans so initial financing can stretch further. I'm looking forward to feedback from the CSE on our business plan and intentions. Until then, we'll prepare for the future with a steadfast goal of peace through strength. Now is the time to preserve civilization through strategic investment in the people trusted to responsibly steward these powerful defense technologies for the next generations." — Richard Craven, CEO, Born Defense

The Listing Statement will be made available on the Company's profile on SEDAR+ once it has been accepted for filing by the CSE. Shareholders will also be provided with notice of any meeting required to approve the proposed change of business and related matters, in accordance with applicable securities laws and stock exchange requirements.

There can be no assurance as to the timing of completion of the CSE's review process, the Company's shareholder approval, or the resumption of trading of the Company's securities.

About Born Defense

Silo Wellness (CSE: SILO) is a public company currently transitioning its operations into Born Defense Inc., a national security investment issuer committed to ethical defense finance guided by the Just War Doctrine. The company's restructured business model centers on trade finance, strategic equity investments, and collateral-backed lending for pre-IPO and critical infrastructure ventures globally.

Follow and amplify:

LinkedIn: www.linkedin.com/company/borndefense X/Twitter: www.x.com/borndefense Instagram: www.instagram.com/borndefense YouTube: www.youtube.com/@borndefenseTelegram Investor Updates: https://t.me/BornDefense Telegram Discussion Group: https://t.me/+q4c0eGS3gD8wNzIx Forward-Looking Statements

This press release contains forward-looking statements under applicable securities laws. These statements relate to future events, financial performance, and operational expectations, including the objectives, prospective transaction, market conditions, and strategic plans.

Forward-looking statements involve risks, uncertainties, and assumptions that may cause actual results to differ materially, including market conditions, regulatory changes, geopolitical factors, capital availability, and the timing and outcome of the CSE's review of the Listing Statement. We undertake no obligation to update these statements except as required by law. Readers should not place undue reliance on forward-looking statements, which speak only as of their date.

No Offer or Solicitation

This press release is for informational purposes only and does not constitute an offer or solicitation to buy or sell securities. Any such offering will be made only in compliance with applicable laws and through authorized offering documents.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268286

Axon has been a big winner on the market, but its high valuation may give some investors pause.

You might not know it, but Axon Enterprise (AXON -0.30%) is one of the best-performing stocks of the last decade. The maker of TASER electrical stun guns, body cameras, and related software is up more than 3,000% during that period.

The company has built a vast network of products and services across law enforcement technology, establishing itself, with the help of some acquisitions, as the clear leader in that niche but growing industry.

The surge in Axon's price during that period hasn't come exclusively from growth in the business. As the chart below shows, the stock's earnings per share has grown by about 1,000% over the last decade, meaning its valuation has tripled.

Data by YCharts.

As its earnings multiple has expanded, the stock has gotten expensive. These days, the stock trades at a price-to-earnings ratio of 110. Is the stock overvalued, or is its valuation justified? Let's take a closer look at where Axon stands today to answer the question.

Image source: Axon.

A one-of-a-kind business
Axon's mission is to protect life and make the bullet obsolete. Over its history, that's expanded from its TASER less-than-lethal weapons to body cameras for recording police interactions and software that helps law enforcement agencies manage records, evidence, and other data.

Like Apple, Axon has created a hardware and software ecosystem with the two components complementing each other. Its body and dashboard cameras, for instance, generate footage that's stored with its cloud service. The company has even introduced a new generative AI offering, Draft One, that can create first drafts of police reports based on bodycam footage.

The company's ecosystem has driven strong growth over its history, solid profits, and an increasingly wide economic moat.

In its second quarter, revenue rose 33% to $669 million, its sixth consecutive quarter with growth above 30%. Gains were balanced across both the software and services and connected devices segments. It reported adjusted net income of $174 million. On a generally accepted accounting principles (GAAP) basis, net income was $36 million.

The company continues to update its core product portfolio with the TASER 10 and Axon Body 4 representing the latest versions of its hardware. It has also introduced new products and services, such as VR training and drone-as-first-responder systems. Most recently, management announced the acquisition of Prepared, an AI-powered emergency communications platform. Prepared's technology helps turn 911 calls into actionable intelligence, enabling a faster response from emergency responders.

Prepared is the type of company that fits well under the Axon umbrella as the company can fold it into the larger product portfolio to make its platform more attractive to law enforcement agencies.

Does the valuation make sense?
Axon reported a GAAP operating loss of $9.8 million through the first half of 2025 as the company undergoes an investment cycle in new technologies like AI, but software companies tend to earn a lofty earnings multiple if they can demonstrate growth and an adjusted profit.

One major line item the company excludes from its adjusted profit metrics is share-based compensation, which totaled $279 million year to date, or roughly 22% of revenue. Axon's outstanding share count has increased nearly 25% in just the past five years, though that hasn't been enough of a problem to deter its soaring share price.

With a triple-digit price-to-earnings ratio, investors should recognize the reduced margin of safety from such a valuation. But while Axon stock may be pricey, even after falling 20% from its all-time high, it remains fairly valued given its unique business model and strong track record.

Jeremy Bowman has positions in Axon Enterprise. The Motley Fool has positions in and recommends Apple and Axon Enterprise. The Motley Fool has a disclosure policy.

NEW YORK, Sept. 28, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of SelectQuote, Inc. (NYSE: SLQT) between September 9, 2020 and May 1, 2025, both dates inclusive (the “Class Period”), of the important October 10, 2025 lead plaintiff deadline.

SO WHAT: If you purchased SelectQuote securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the SelectQuote class action, go to https://rosenlegal.com/submit-form/?case_id=39510 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 10, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and misleading statements and/or failed to disclose that: (1) SelectQuote was directing Medicare beneficiaries to the plans offered by insurers that best compensated SelectQuote, regardless of the quality or suitability of the insurers’ plans; (2) SelectQuote did not provided unbiased comparison shopping for Medicare Advantage insurance plans; (3) SelectQuote received illegal kickbacks to steer Medicare beneficiaries to certain insurers and limit enrollment in competitors’ plans; (4) as a result, SelectQuote had not complied with applicable laws, regulations, and contractual provisions; (5) SelectQuote was vulnerable to regulatory and legal sanctions as a result of its conduct, including claims that it had violated the False Claims Act; and (6) as a result of the foregoing, defendants’ positive statements about SelectQuote’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the SelectQuote class action, go to https://rosenlegal.com/submit-form/?case_id=39510 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

_______________________

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
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Fresh Europe data on August Tesla registrations wasn't pretty.

Tesla (TSLA 3.94%) shares fell more than 4% last Thursday as investors digested disappointing Tesla vehicle registration data in Europe ahead of the company's third-quarter deliveries update expected in early October. The electric vehicle maker sells premium battery-electric cars and energy storage products globally, with meaningful exposure to the European market.

The market's question now is simple: Does the regional weakness point to a poor quarter, or is it mostly noise inside a broader and still-uncertain recovery?

Image source: Getty Images.

The latest Europe read was weak
News out Thursday showed Tesla's European Union registrations fell about 37% year over year in August to roughly 8,200 vehicles, marking a second straight month in which the China-based BYD outsold Tesla in the bloc. Including the broader European region (the U.K., Norway, and other EFTA countries), Tesla still led in absolute units for August, but registrations were down about 22% year over year, underscoring persistent pressure in the region.

This softness in Europe follows a tough second quarter for the electric car maker. In Q2, Tesla delivered just over 384,000 vehicles -- down 13% from about 444,000 in the year-ago period.

It is also worth recalling the company's tone on the latest earnings call. CEO Elon Musk acknowledged that the near term may not be smooth, noting that things could get "rough" before they get better over the next few quarters. While that comment doesn't guarantee weak third-quarter deliveries, it frames Tesla's headlines about European deliveries within management's own caution about the path back to growth.

Setting expectations for Q3
With only days left in the period when the August Europe data hit the tape, the right way to think about Q3 is probably through a conservative range, not a single-point guess. Start with what we know: Tesla delivered about 384,000 vehicles in the second quarter, it delivered roughly 463,000 in last year's third quarter, and outside Europe there are mixed but not universally negative signals. Some trackers have flagged improving weekly registrations in parts of Europe late in September, and several outlooks have pointed to steadier demand in China and the U.S., even as Europe stays choppy. Still, Europe's August decline argues for caution.

A reasonable, conservative estimate for Q3 deliveries is 430,000 to 455,000. The low end assumes Europe remains a drag through quarter-end and that China/U.S. improvement only partly offsets it. The high end assumes late-September sequential gains in key markets and typical quarter-end logistics help. That range sits close to widely cited expectations near the mid-440,000s and acknowledges both the seasonal lift from Q2 and the regional weakness that surfaced this week. For reference, landing near 445,000 would be down modestly year over year versus the roughly 463,000 delivered in last year's third quarter.

Of course, in the end, no one knows where deliveries will come from. Further, note that this is a conservative estimate. There's always a chance that deliveries could come in above this range (or even below).

Meanwhile, the stock's valuation doesn't help the bull case. At a market value well above $1 trillion and with a price-to-earnings ratio of 252 as of this writing, the stock embeds high expectations well beyond one quarter's deliveries. Such a high valuation leaves less cushion if third-quarter deliveries disappoint, or if commentary points to rough demand trends going into year-end.

Of course, there are some significant positives for investors to consider, too. Energy storage deployments remain a bright spot. Furthermore, a recent Model Y refresh, advancements in self-driving technology, and a planned upcoming vehicle launch could all contribute to increased demand in the second half of the year. But given this fresh data on Tesla registrations in the E.U., it's fair to say that risk sits a bit higher heading into next week's update.

The bigger story, anyway, will be a forward-looking one. Investors should look for any insight management provides on how quickly it thinks deliveries can reaccelerate. Because sales are going to need to pick up sharply at some point in order for Tesla's fundamentals to live up to its stock price.

Daniel Sparks and/or his clients have positions in Tesla. The Motley Fool has positions in and recommends Tesla. The Motley Fool recommends BYD Company. The Motley Fool has a disclosure policy.

Nvidia will play a key role in the data centers that are powering OpenAI's models.

Nvidia (NVDA 0.27%) hit an all-time high on Sept. 22 in response to a $100 billion strategic partnership with OpenAI. Nvidia is helping OpenAI achieve its goal of building at least 10 gigawatts (GW) of data centers purpose-built for artificial intelligence (AI) by investing in data centers progressively as each GW is deployed.

The news is significant, considering OpenAI needs funding to fulfill its promise, and because it is currently structured as a nonprofit (although it plans to become a Public Benefit Corporation).

Nvidia is the most valuable company in the world and the largest of the "Ten Titans" -- which is the "Magnificent Seven" plus Broadcom (NASDAQ: AVGO), Oracle, and Netflix. The Ten Titans are highly influential -- making up nearly 40% of the S&P 500.

Here's why Nvidia continues to be a powerhouse in the age of AI, where it stands amid competition from Broadcom, and whether it's worth buying now.

Image source: Getty Images.

Nvidia's deal with OpenAI
As I've mentioned in the past, Nvidia is a steelmaker at the dawn of the age of skyscrapers. Nvidia makes the most advanced graphics processing units (GPUs) -- as well as associated networking components and software. These systems play an integral role in the parallel processing of AI workloads that require massive amounts of computing power. As OpenAI co-founder and CEO Sam Altman said in the Sept. 22 press release:

Everything starts with compute. Compute infrastructure will be the basis for the economy of the future, and we will utilize what we're building with Nvidia to both create new AI breakthroughs and empower people and businesses with them at scale.

Nvidia's investment in OpenAI builds on its $5 billion purchase of Intel stock, announced on Sept. 18. Intel will design and manufacture customer data center and central processing units (CPUs) with Nvidia's NVLink technology, which increases communication speed between GPUs and CPUs.

Nvidia continues to push the bounds of AI computing power, and its results have been astounding, as its data center segment now makes up 88% of total revenue. Nvidia is growing earnings at a rapid pace with no signs of slowing down. But it isn't the only company that's driving the future of data center compute.

Broadcom's custom AI chips are the real deal
Broadcom's custom AI chips (XPUs) are application-specific integrated circuits (ASICs). Unlike GPUs, which are all-purpose workhorses in the data center, Broadcom works with hyperscalers to build custom AI chips to suit their AI workflows.

The strategy is paying off, as Broadcom stock has outperformed Nvidia year-to-date -- hitting an all-time high and knocking on the door of a $2 trillion market cap.

Like Nvidia, which depends on a handful of customers, Broadcom's AI revenue is largely tied to the ramp-up in hyperscaler capital expenditures. Broadcom's AI revenue is expected to reach nearly $20 billion by the end of this fiscal year, compared to $3.8 billion two years ago. So although Broadcom is still magnitudes smaller than Nvidia in terms of AI revenue, it is challenging Nvidia's dominance.

Broadcom's AI chips, paired with its Jericho routers, Tomahawk switches, and other associated infrastructure, enable the connection of over 1 million XPU clusters across multiple data centers. At scale, Broadcom's custom chip economics improve dramatically because they are more energy efficient than general-purpose GPUs.

Nvidia and Broadcom can win together
Broadcom will likely play an increasingly important role in the data center, but it won't replace Nvidia. Rather, both companies will likely work together, with Broadcom specializing in task-specific functions and Nvidia leading in versatile compute for AI training, inference, and high-performance computing.

The latest flurry of announcements showcases how both companies are positioned to thrive. In its latest earnings report from early September, Broadcom announced a $10 billion custom AI chip customer -- which is likely OpenAI. But OpenAI is also closely collaborating with Nvidia, serving as the key driver of its path to 10 GW in datacenter capacity.

A hyperscaler like OpenAI may partner with Broadcom on custom AI chips for specific tasks, but these chips take a while to develop and are best for inference (handling the needs of existing AI models with fixed patterns). Whereas Nvidia's GPUs -- paired with its CUDA software system -- are a solution that works right now and is more flexible for variable and complex scenarios, like training models with new parameters.

OpenAI is also likely reducing its dependence on one chip supplier, similar to how it has expanded its cloud partnership beyond Microsoft to include Oracle in a blockbuster $300 billion deal. Spreading business across multiple vendors reduces OpenAI's supply chain risk.

Nvidia remains a top growth stock to buy now
Nvidia remains the gold standard in the data center. It can thrive alongside Broadcom, so investors shouldn't view the two companies purely as competitors, but rather, as examples of the evolving anatomy of the modern AI data center.

At 39.7 times forward earnings, Nvidia is far from cheap, but it also isn't as expensive as it used to be. Especially given that it is still growing earnings at a rapid rate.

In fact, on a forward-earnings basis, Nvidia is cheaper than other Ten Titans stocks like Tesla, Broadcom, Netflix, and Oracle. And it's a much better buy for growth investors than a stock like Apple, which trades at 34.5 times forward earnings but is growing earnings far more slowly than Nvidia.

All told, Nvidia remains a foundational AI growth stock to buy now. Although investors may want to consider incorporating both Nvidia and Broadcom into their long-term AI portfolios.

Daniel Foelber has positions in Nvidia. The Motley Fool has positions in and recommends Apple, Intel, Microsoft, Netflix, Nvidia, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft, short January 2026 $405 calls on Microsoft, and short November 2025 $21 puts on Intel. The Motley Fool has a disclosure policy.

Alphabet could become the largest company in the world in the next five years.

Alphabet (GOOG 0.21%) (GOOGL 0.28%) has become one of the world's most important artificial intelligence (AI) companies. What investors initially saw as a big potential risk has instead turned into a big tailwind.

And while Nvidia and Palantir Technologies get plenty of the hype these days, Alphabet has the opportunity to be worth more than both of them combined before the decade is out.

Nvidia currently sits at a $4.3 trillion market cap, while Palantir is around $425 billion. Alphabet is valued at roughly $3 trillion, but it has a real chance to grow significantly from here, while the other two face some risks.

Alphabet's opportunities
Alphabet's opportunities start with search and AI, which in some cases are melding into one. The company already owns the front door to the internet for billions of people, and most users don't even think about it because Google is just the default engine on most devices.

Its ownership of the Chrome web browser and Android operating system, together with its revenue-sharing agreement with Apple, gives it a huge distribution advantage.

AI, meanwhile, is not replacing search; it's enhancing it and complementing it. Alphabet says its AI Overviews are now being used by more than 2 billion people a month, and its new AI Mode, which is now just being rolled out globally, allows users to toggle between traditional results and chatbot-style answers without switching apps.

It has also added multimodal AI features like Lens and Circle to search. These are just leading to more queries, often with a commercial intent from shoppers, which feeds into its massive ad network.

This kind of seamless integration means the company doesn't need to rewire consumer habits the way competitors do; it only needs to make the products that people already use more useful. The fact that its Gemini app passed ChatGPT as the most downloaded app in the Apple App Store shows that the company is gaining real traction in AI on the consumer side.

Image source: Getty Images

Then there is Alphabet's biggest growth driver, its cloud computing business. The company is seeing both strong revenue growth and huge operating leverage as it scales up. This was seen last quarter when Google Cloud revenue jumped 32% and operating profit more than doubled.

What sets Alphabet apart in cloud computing is that it owns the full stack, from its world-class Gemini AI model to custom AI chips, to top-notch analytics and software, to one of the largest private fiber networks in the world. That vertical integration means better performance at lower costs. The company's pending acquisition of Wiz will also give it a huge opportunity to cross-sell leading cloud cybersecurity to its customers.

Investors should also remember Waymo, which could become one of its biggest growth drivers in the next five years. Robotaxis have been hyped for years, and with Waymo, Alphabet is currently building out a large fleet across the U.S.

It has a first-mover advantage with commercial services running in several major U.S. cities, while being tested in others. If autonomous driving takes off in the next five years, Waymo could become another huge business.

Meanwhile, Alphabet's stock is one of the cheapest among megacaps, at a forward price-to-earnings ratio (P/E) of less than 23 times 2026 analyst estimates. Between its growth opportunities and the potential for multiple expansion, the shares could have a lot of upside in the next five years.

Palantir and Nvidia face risks
Now contrast that with Palantir. It has been executing well, with its Artificial Intelligence Platform (AIP) in high demand from U.S. commercial customers, while it is continuing to win big government contracts.

However, the stock's valuation is at nosebleed levels. With a forward price-to-sales multiple (P/S) of more than 100, the stock would still be expensive even if it that figure were cut in half. This is a valuation that leaves no margin for error; one slipup on growth, and the stock will get punished.

And then there is Nvidia. Undoubtedly, it has been the biggest winner in the AI boom, but investors should not forget it is still a hardware company. Hardware sales are not recurring revenue, since every chip sold has to be replaced by the next cycle of spending, and once customers find a cheaper or more efficient solution, the shift can happen fast.

We've seen this happen before. The company's graphics processing units (GPUs) were once the primary chips used in Bitcoin mining until ASICs (application-specific integrated circuits) that did the job faster and cheaper came along. Practically overnight, mining Bitcoin with GPUs became irrelevant.

While ASICs aren't likely to completely replace GPUs for AI workloads, they are a rising threat, especially as the market moves more toward inference, which is a continuous cost -- and hyperscalers (companies that own large data centers) are highly motivated to lower computing costs. With inference not nearly as technically demanding as training, Nvidia's CUDA software moat is not as wide in this area, and more and more large companies have started developing their own custom AI chips.

Nvidia knows this, which is why its recently-announced $100 billion OpenAI partnership looks more defensive than offensive. OpenAI is one of Nvidia's biggest customers, but it has also been developing its own chips. With this investment, Nvidia is effectively paying to keep OpenAI tied to its GPUs, which is a risky kind of circular financing that echoes what Cisco did during the internet bubble.

Nvidia's dominance in AI infrastructure today is unquestioned, but the upside in the stock could be limited if customers keep moving toward in-house AI chips.

Put it all together, and Alphabet looks like the company best positioned to become the largest in the world by 2030, with a good chance of being bigger than both Nvidia and Palantir combined.

Geoffrey Seiler has positions in Alphabet. The Motley Fool has positions in and recommends Alphabet, Apple, Bitcoin, Cisco Systems, Nvidia, and Palantir Technologies. The Motley Fool has a disclosure policy.

Spot Bitcoin and Ethereum ETFs in the US saw a sharp reversal last week, shedding more than $1.7 billion after weeks of steady inflows.The downturn, driven by inflation concerns, slowing growth, and monetary policy uncertainty, pushed institutions to cut exposure to high-risk assets.At the same time, capital is rotating into new ETFs tied to Solana and XRP, signaling a shift toward selective diversification.Spot Bitcoin and Ethereum exchange-traded funds (ETFs) in the United States reversed course sharply last week, shedding more than $1.7 billion.

This shift came amid Bitcoin and Ethereum price volatility during the past week as both assets shed more than 8% during the reporting period.

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Bitcoin and Ethereum ETFs Bleed Cash Amid Market Volatility
According to data from SoSoValue, spot Bitcoin ETFs recorded $903 million in net withdrawals. The outflows ended a month-long streak of inflows that had reflected growing institutional confidence.

That sentiment shifted as macroeconomic uncertainty deepened, prompting many institutional investors to trim exposure and adopt a defensive stance.

Ethereum products mirrored the downturn but endured even heavier losses.

Ethereum ETFs Net Daily Inflow This Week. Source: SoSoValue
Data from SoSoValue shows that the nine US-listed spot Ethereum ETFs saw redemptions, amounting to $796 million in outflows. This is their largest weekly withdrawal since launching earlier this year.

The synchronized retreat across both assets reflects a broader cooling in crypto ETF demand.

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Institutional allocators once viewed these vehicles as a convenient entry point into digital assets. They are now reassessing their strategies in light of growing macro headwinds.

Over the past week, persistent inflation concerns, slowing global growth, and heightened uncertainty around US monetary policy have reduced appetite for volatile assets. In this environment, digital assets—long categorized as high risk—were among the first to be pared from portfolios.

Meanwhile, institutional strategies have also grown more defensive, especially as investors are increasingly being exposed to losses.

CryptoQuant data shows that Bitcoin treasury firms raising capital through PIPE deals are under pressure, as share prices trend toward discounted issuance levels.

At the same time, investor attention is rotating toward newly launched ETFs tied to alternative tokens like Solana and XRP.

These vehicles have drawn capital away from Bitcoin and Ethereum funds, introducing fresh competition and encouraging experimentation with underrepresented assets.

The redirection of inflows suggests that while risk sentiment has cooled, appetite for diversification within crypto remains active — just more selective and opportunistic than before.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Project Acropolis could support ADA closer to $1 if it delivers smoother upgrades and stability, though downside risk remains near $0.70.Hydra adoption may lift ADA toward the $1.50 zone if flagship dApps integrate it successfully; limited uptake would keep prices below $1.Ouroboros Leios has potential to re-rate ADA above $2 if testnet results prove strong, creating conditions for a $3 target by 2027.Cardano’s upcoming upgrades could define whether its native token ADA breaks a multi-year ceiling. With Project Acropolis, Hydra adoption, and Ouroboros Leios ahead, the question is whether these technical milestones can reset Cardano’s market narrative and push ADA toward $3 by 2027.

This predictive analysis was conducted through AI using sequence prompting, learning, and advanced reasoning. It should not be taken as financial advice. Readers should perform their own research and consider professional guidance before making investment decisions.

Most importantly, this predictive analysis doesn’t consider additional developments such as institutional adoption, ETF approvals, or regulatory decisions. It’s solely pivoted on Cardano network upgrades and their impact on ADA.

Cardano Network Upgrade Timeline and Expected Impact 
UpgradeTimingTechnical focusWhy it matters for priceExpected ADA price range*Project AcropolisQ4 2025 – Q1 2026Modular node re-architectureImproves stability and shipping cadence; lowers execution risk$0.70 – $0.95Hydra adoption2026 (ongoing)L2 “heads” for low-latency settlementDelivers faster, cheaper UX if apps integrate$0.90 – $1.40Ouroboros LeiosMid–late 2026 (testnet first)Parallelism at base layerRe-rates capacity and long-term utility if metrics hold$1.30 – $2.20Post-Leios path to Mega2027+Advanced scaling roadmapCompounds if delivery stays consistent$2.00 – $3.50
*Ranges reflect tech-to-adoption pathways, not market timing calls.

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How Cardano Upgrades Translate To ADA Price
Markets reward credible execution and user impact. Three channels matter:

Throughput and UX → activity and TVL narrative: Faster, cheaper, smoother apps attract users and volume.

Developer velocity → shorter time-to-feature: Modular code and stable tooling speed delivery. That reduces the “execution discount.”

Transparency and governance discipline: Clear milestones and reporting lower perceived risk.

Price moves when those channels show verifiable proof, not promises.

Project Acropolis: Credibility and Velocity Uplift
Why this can move ADA price toward $0.90–$0.95

Acropolis modularizes the node and reduces operational friction. That makes maintenance easier and future features faster to ship. Stake pool operators should see lower resource strain and fewer regressions. Release cadence should improve.

Markets price this as a lower execution risk premium. If monthly releases arrive cleanly, confidence rises. That supports a re-rating into the $0.90 area.

Downside remains $0.70 risk
If Acropolis slips or spawns hotfix churn, the execution discount returns. SPO frustration or reliability incidents would cap sentiment. Price gravitates toward $0.70 until stability improves.

Proof to watch

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Smooth minor releases for several months.

Positive SPO feedback on performance and uptime.

More merged PRs and contributor breadth.

Hydra: Adoption-Driven Valuation, Not Version Bumps
Why this can move ADA toward $1.20–$1.40

Hydra only matters when top dApps integrate it and publish before/after metrics. Users must experience material latency and cost gains. That lifts activity and strengthens Cardano’s competitive UX story.

Named integrations create a visible moat. One flagship success can push ADA through $1.20. Several production heads with public metrics can sustain $1.30–$1.40.

But it can stall under $1. If Hydra stays niche or tooling remains complex, users see no change. Markets fade the hype and keep ADA range-bound.

Proof to watch

Production Hydra heads with regular settlement.

Public case studies from major dApps.

Wallet and SDK support that hides Hydra complexity.

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Ouroboros Leios: The Base-Layer Scaling Catalyst
Why this can move ADA toward $1.30–$2.20

Leios separates proposal and validation to introduce parallelism. Strong, reproducible testnet metrics signal a credible path to higher base-layer capacity. That expands the feasible app set and reduces future congestion risk.

Markets reward capacity plus decentralization. A stable Leios testnet reframes Cardano’s throughput story. ADA can re-rate toward $2 if the evidence holds.

Conversely, it could cap near $1.20. If metrics wobble or rollout drags, the scaling story weakens. Without clear gains, capital rotates to faster-shipping ecosystems.

Proof to watch

Clear testnet milestones with published performance.

Compatibility notes that ease dApp migration.

Operator feedback on security and stability.

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Why this can stretch ADA to $2.00–$3.50 by 2027

The path above $3 requires compounding:

Acropolis sustains faster shipping and fewer incidents.

Hydra powers several marquee apps with public wins.

Leios transitions from testnet to staged mainnet usage without regressions.

Tooling makes advanced features invisible to users.

That combination reduces risk, boosts activity, and attracts builders. Markets then price a durable execution premium. The result supports a $2–$3.50 band.

However, security incidents, missed milestones, or weak app traction will compress multiples. Narrative slips, and ADA trades with beta rather than a premium.

Critical Outlook
Each upgrade builds on the last. Acropolis enables faster shipping, Hydra requires adoption, and Leios brings the base-layer scaling narrative. Mega remains an aspirational horizon.

For ADA to cross $3, Cardano must convert research depth into visible user impact. Investors should watch for proof in live dApps, validator feedback, and transparent reporting. 

Overall, execution, not promises, will determine if Cardano reclaims a premium in the Layer-1 market.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Cardano (ADA) is steadily positioning itself as a key player in the evolving crypto market, with its 2025 roadmap signaling strong growth potential. The cryptocurrency's potential surge to $1.90 is being fueled by a combination of cross-chain partnerships, DeFi innovation, whale accumulation, and strategic market moves.

Aster token slides 20% from September peak as traders question platform speed, polish, and long-term competitiveness against rivals.Investor exits and mixed signals from CZ add fuel to doubts, sparking skepticism despite early adoption and Binance-linked support.Fundamentals remain strong with $70 million in fees and $701 million TVL, but user trust and competition with Hyperliquid weigh on sentiment.Aster, a decentralized perpetuals exchange launched in early September, has experienced a 10% drop in the last 24 hours alone.

Despite strong early traction and backing from Binance founder Changpeng Zhao (CZ), cracks in sentiment are beginning to show.

Analyst Explains Why Aster Price is DroppingSponsored

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As of this writing, Aster’s powering token, ASTER, was trading for $1.87, down 8% in the last 24 hours. The token is down over 20% from its local top of $2.43, established on September 24.

Aster (ASTER) Price Performance. Source: TradingView
Against this backdrop, analysts have dissected what could be driving the price drop of the decentralized exchange (DEX) token.

Price Pressure and User Doubts
The sell-off comes amid growing skepticism around Aster’s platform performance. Investor Mike Ess revealed on X (Twitter) that he sold 60% of his Aster holdings, rotating into Bitcoin (BTC) and Plasma (XPL).

While he remains profitable, he said his decision was driven by gut instinct after Changpeng Zhao’s recent comments and dissatisfaction with Aster’s product.

“If you’ve used HYPE, then switched to Aster, you know exactly what I mean. It feels slower, less polished, and copy-paste… The more capital I have on it, the riskier it feels,” wrote Ess.

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Other traders have echoed similar concerns. Clemente, another renowned voice on X, disclosed that he exited his Aster position entirely in favor of Hyperliquid’s HYPE token.

“Hyperliquid is clearly the leader in every metric other than crime and CEX distribution,”        the analyst argued.

Mixed Signals From CZ
CZ’s involvement has been a double-edged sword. On September 28, the crypto executive framed Aster as a complementary project to the broader BNB Chain ecosystem despite rivaling the Binance exchange.

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His venture firm, YZi Labs (formerly Binance Labs), holds a minority stake in Aster, which also boasts a team of former Binance employees.

However, traders like Ess interpreted CZ’s tone on a recent Spaces call as distancing, raising doubts about his level of engagement. For some, this perception was enough to spark de-risking.

“If CZ stops talking about it, HYPE wins hands down,” Ess warned.

Still, bullish voices remain. A user known as Cooker expressed conviction that Aster will make a long-term mark on the perp DEX market.

Still holding onto $ASTER, truly banking on CZ and their team to make their long term mark on the perp dex market

Holding $XPL long term will prob be one of the best holds since $HYPE going into 2026

Ofc still holding $HYPE, soon to be a year long hold from my original buy

— Cooker.hl | Kms.eth | Cooker (@CookerFlips) September 28, 2025

Meanwhile, others, like Crash, argued that Aster could outperform Solana and Ethereum in percentage terms over the next cycle.

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Strong Fundamentals, Lingering Uncertainty
By several measures, Aster’s fundamentals remain solid. Since launch, the platform has generated $70 million in fees, while total value locked (TVL) has ascended to $701 million on BNB Chain. For a project only weeks old, these numbers reflect significant adoption.

Aster on BNB Chain. Source: DefiLlama
Yet the quick drawdown highlights the challenge of balancing early growth with user trust and product reliability.

Analysts warn that competition with Hyperliquid is intensifying, and without continued product improvement, momentum could fade.

Therefore, the Aster price’s trajectory remains contested, with supporters seeing it as a bold new player with CZ’s stamp of approval amid a fast-paced scaling ecosystem. On the other hand, skeptics say Aster may be unfinished and overhyped.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.