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Coinme first launched its crypto kiosk in 2014 and now operates over 50,000 Bitcoin ATMs across 49 US states.

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Ethereum Layer-2 network Polygon is reportedly looking to acquire US Bitcoin ATM provider Coinme for a purchase price between $100 million and $125 million.

Sources familiar with the matter told CoinDesk that the ETH scaling network is “close to” acquiring the BTC ATM company, with Architect Partners serving as its financial advisor.

Cryptonews has reached out to Coinme executives for confirmation.

Coinme is one of the earlier entrants in Bitcoin ATM operations in the US. It first launched a crypto kiosk in 2014 and now has more than 50,000 Bitcoin ATM locations across 49 US states.

Is Coinme Halting Bitcoin ATM Operations?Last month, Washington state’s Department of Financial Institutions (DFI) ordered Coinme to halt all money transmission services. The regulator alleges that the Seattle-based company illegally converted unredeemed customer funds into corporate revenue.

Further, the DFI ordered the firm to repay over $8 million to customers. Coinme reportedly asked customers to purchase paper vouchers at kiosks and redeem them online. However, when the vouchers were unredeemed within a timeframe, Coinme claimed the outstanding balances as its own income.

As a result, Coinme is now facing a potential revocation of its license, a $300,000 fine, and a likely 10-year industry ban for the company and its CEO, Neil Bergquist.

Polygon’s acquisition of Coinme is seen as an important step for both companies, given that Polygon completed a $450 million funding round in 2023, led by Sequoia Capital India.

South Korea’s Supreme Court has delivered a decisive ruling that removes lingering legal uncertainty around cryptocurrencies held on centralized exchanges. In a landmark judgment, the court confirmed that Bitcoin stored in exchange accounts can be lawfully seized under the Criminal Procedure Act, firmly placing digital assets within the scope of criminal enforcement.

This decision strengthens the legal footing for investigators handling crypto-related crimes and reflects South Korea’s increasingly mature approach to regulating digital assets in a country where crypto adoption is already widespread.

The Case That Triggered the RulingAs per the report, the ruling stems from a money laundering investigation dating back to 2020. At the time, police seized 55.6 Bitcoin, worth roughly 600 million Korean won, from an exchange account belonging to an individual identified as Mr. A. The seizure was carried out as part of an ongoing criminal probe.

Mr. A later challenged the action, arguing that Bitcoin held on an exchange could not be seized because it is not a physical object, as traditionally required under Article 106 of the Criminal Procedure Act. After lower courts rejected this claim, the case reached the Supreme Court for final review.

Why the Court Rejected the AppealIn its ruling, the Supreme Court made it clear that seizure laws are not limited to tangible items. The court stated that assets subject to seizure include electronic information and digital representations of value, not just physical property.

The judges emphasized that Bitcoin has clear economic value and can be independently managed, transferred, and controlled by its owner, even when held on an exchange. Because users retain effective control over their assets through account access and private key systems, the court ruled that Bitcoin qualifies as a legitimate seizure target during criminal investigations.

The court concluded that the original seizure was lawful and that there was no error in the lower courts’ decisions to dismiss Mr. A’s objections.

Consistency With Past Crypto RulingsThis judgment builds on a series of earlier South Korean court decisions that have steadily defined the legal status of cryptocurrencies. In 2018, the Supreme Court recognized Bitcoin as intangible property that could be confiscated if acquired through criminal activity. That same year, crypto assets were also treated as divisible property in divorce cases.

In 2021, the court further clarified that Bitcoin constitutes a property interest under criminal law, reinforcing its status as a legally recognizable asset.

Crypto ImplicationsLegal experts say the latest ruling removes practical uncertainty around seizing digital assets held on exchanges and will serve as a reference point for future investigations and trials. With over 16 million South Koreans holding crypto accounts, the decision provides regulators and law enforcement with clearer authority while signaling that crypto assets are not beyond the reach of the law.

Globally, the move aligns South Korea with other jurisdictions, such as the UK, that are formally recognizing digital assets as property. Together, these developments point to a growing international consensus: cryptocurrencies are no longer operating in a legal gray zone but are firmly part of the established legal and financial system.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

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Key NotesXRP held the support at $2, rebounding to $2.14 at press time.The token crashed on January 8, facing its first ETF outflows since its debut.ETF recorded $8.72 million in inflows on January 8. XRP XRP $2.13 24h volatility: 0.7% Market cap: $129.37 B Vol. 24h: $4.49 B turned bullish on Jan. 9 after briefly falling to $2.07 the day before. At the time of writing, the cryptocurrency is trading near $2.14, up by around 14% over the past seven days.

The price drop on Jan. 8 happened when WisdomTree pulled its spot XRP ETF filing from the SEC. However, the selloff seems to be short-lived after the price tested the low $2 range.

Evernorth and Doppler Test Institutional XRP Use On Jan. 9, Evernorth announced a strategic collaboration with Doppler Finance focused on institutional liquidity and treasury activity on the XRP Ledger. Evernorth is an XRP digital asset treasury firm backed by Ripple and SBI Holdings.

Doppler Finance and @evernorthxrp, an XRP digital asset treasury company backed by Ripple and SBI Holdings, have entered into a strategic collaboration to advance institutional liquidity and treasury use cases on the XRP Ledger (XRPL). pic.twitter.com/28tJZxYvSX

— Doppler Finance (@doppler_fi) January 9, 2026

The collaboration is in an early testing phase. The two firms are reviewing ways institutions could deploy XRP capital using on-chain systems. Areas under review include structured liquidity models, treasury management flows, and infrastructure needs that could support long-term use of the ledger.

The announcement made clear that no products are being launched yet. The work is focused on testing systems and reviewing how XRP could be used at scale by institutions managing large balances.

This follows reports from Jan. 8 that Ripple is in talks with Amazon Web Services about using Amazon Bedrock to support XRP Ledger operations. If implemented, this could help Ripple manage system load and data flow as usage grows.

⚠️AMAZON WEB SERVICES & RIPPLE discussing AMAZON Bedrock for the XRPL🔥

The overview of this video:
XRPL runs on high-performance C++ code (A powerful programming language) .
At scale, C++ systems produce large volumes of cryptic logs (history).
AWS partners with Ripple, using… pic.twitter.com/2bjfT9MOkn

— ProfessoRipplEffect (@ProfRipplEffect) January 7, 2026

ETF Flows Stay Positive Despite Brief Shock Despite the Jan. 8 price dip, selling pressure eased quickly as XRP-related funds continue to show steady demand. Since launch, these products have recorded net outflows only once, on Jan. 7. Total net inflows stand at $1.21 billion.

On Jan. 8 alone, XRP spot ETFs recorded a net inflow of $8.72M. Asset management firm Bitwise’s product led with a whopping $4.5 million in inflows alongside Grayscale’s GXRP, which raked in $2.89 million.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News, XRP News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn

Q2: 2026-01-08 Earnings SummaryEPS of -$0.04 misses by $0.00

 |

Revenue of

$9.88M

(-26.53% Y/Y)

misses by $1.69M

Aehr Test Systems, Inc. (AEHR) Q2 2026 Earnings Call January 8, 2026 5:00 PM EST

Company Participants

Gayn Erickson - President, CEO & Director
Chris Siu - CFO, Executive VP of Finance & Secretary

Conference Call Participants

Jim Byers - PondelWilkinson Inc.
Christian Schwab - Craig-Hallum Capital Group LLC, Research Division
Jonathan Dorsheimer - William Blair & Company L.L.C., Research Division
Maxwell Michaelis - Lake Street Capital Markets, LLC, Research Division
Larry Chlebina - Chlebina Capital Management, LLC

Presentation

Operator

Greetings. Welcome to the Aehr Test Systems Fiscal 2026 Second Quarter Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded. I will now turn the conference over to your host, Jim Byers of PondelWilkinson, Investor Relations. You may begin.

Jim Byers
PondelWilkinson Inc.

Thank you, operator. Good afternoon, and welcome to Aehr Test Systems Second Quarter Fiscal 2026 Financial Results Conference Call. With me on today's call are Aehr Test Systems' President and Chief Executive Officer, Gayn Erickson; and Chief Financial Officer, Chris Siu. Before I turn the call over to Gayn and Chris, I'd like to cover a few quick items. This afternoon, right after market closed, Aehr Test issued a press release announcing its second quarter fiscal 2026 results.

The release is available on the company's website at aehr.com. This call is being broadcast live over the Internet for all interested parties, and the webcast will be archived on the Investor Relations page of the company's website. I'd like to remind everyone that on today's call, management will be making forward-looking statements that are based on current information and estimates and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.

These factors are discussed in the company's most recent periodic and current reports

2026 is just part of a longer growth track.

Nvidia (NVDA 2.09%) is one of the most intriguing companies in the market. It has delivered three straight years of market-crushing growth, which has propelled it to become the world's largest company. There's some skepticism about where Nvidia is headed over the next year, but I think it's going to be an overall positive year for Nvidia.

Multiple factors are adding to expectations that Nvidia will be a dominant stock in 2026, and I think the stock will be much higher by the end of the year.

Image source: Getty Images.

Data center buildouts are speeding up Nvidia has been such a dominant performer because its artificial intelligence (AI) computing hardware, graphics processing units (GPUs), are the best available. Nvidia's hardware has been the base computing unit that many transformative generative AI technologies are built upon, and that isn't going to change anytime soon.

Nvidia's products are by far the most popular on the market and have even sold out all cloud GPUs. That's a big deal, and could explain why some alternative computing suppliers have done well as of late. There's still plenty of room to go around in the AI buildout, as the total pie is massive.

Today's Change

(

-2.09

%) $

-3.95

Current Price

$

185.16

Nvidia expects the global data center capital expenditure levels to reach $3 trillion to $4 trillion annually by 2030. That includes all data center capital expenditure components, such as land cost and construction, but computing hardware is by far the largest component. With 2025's expected total estimated to be about $600 billion, we're still a long way off from reaching that level. Furthermore, that's an annual figure, so this projection also indicates that we will reach new heights every year.

That bodes well for Nvidia's stock, making it a strong candidate to outperform the market in 2026.

Wall Street analysts project that Nvidia's revenue growth will total 50% in fiscal year 2027 (ending January 2027). That's impressive growth, but only if Nvidia's stock is fairly valued entering the year.

Nvidia should convert most of the revenue growth into stock price growth A fairly valued stock will convert all its growth into stock price growth, so it's important to understand whether Nvidia is fairly valued or not. Currently, Nvidia trades for 25 times FY 2027 earnings, which isn't that expensive a price to pay.

NVDA PE Ratio (Forward 1y) data by YCharts.

The biggest question is whether Nvidia can continue growing beyond FY 2027. Nvidia's own projections, along with others, clearly state that it can. If projections look good for FY 2028, then Nvidia's stock price will likely rise alongside its growth, as there will be another year to justify a premium valuation. So, expecting Nvidia's stock to rise another 35% to 45% (to bake in some conservatism) isn't out of the question.

This is easily market-beating territory, and although it's not the incredible returns Nvidia was delivering in 2023 and 2024, it's still a great performance for an individual stock.

The only thing that can derail Nvidia over the next year is AI hyperscalers slowing down their spending. All of them have told investors to expect record-setting spending again in 2026, so this doesn't appear to be happening. The same issue will come up toward the end of 2026 for 2027 spending. If hyperscalers project that it will stay elevated, Nvidia's stock will soar. If they tell investors they are slowing down their spending, then Nvidia's stock will suffer.

Nvidia believes that there is growth for multiple years in this industry, and because it's currently sold out of GPUs, it's likely that its clients are placing orders years in advance. This gives Nvidia unprecedented visibility into the future, so if it thinks that this trend will persist through 2030, I'm inclined to believe it. As a result, I think Nvidia's stock will be much higher -- between 35% and 45% higher -- in 2026.

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China's consumer inflation picked up modestly in December, while factory-gate prices remained in contraction.

More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use," according to the U.S. Consumer Product Safety Commission.

The Isla Rae-branded magnetic wireless chargers were recalled on Thursday.

"The chargers can explode while in use, posing a fire and burn hazard," the commission said.

They were sold at T.J. Maxx and Marshalls stores across the country for $15 between June 2024 and November 2025. The chargers were sold in white, pink and purple.

GROUND BEEF RECALLED IN 6 STATES OVER POSSIBLE E. COLI CONTAMINATION

The chargers were sold at T.J. Maxx and Marshalls stores across the country for $15 between June 2024 and November 2025. (U.S. Consumer Product Safety Commission)

In addition to the 13,200 chargers sold in the U.S., about 7,000 were sold in Canada.

The items are compatible with magnetic charging systems and attach magnetically to the back of a phone for charging.

The impacted products have a model number of RM5PBM, which can be found on the side of the charger, underneath where it says 5000 mAh 3.7V.

HOLIDAY BARKS SOLD AT ALDI RECALLED OVER POTENTIAL UNDECLARED PECANS, WHEAT: FDA

More than 13,000 wireless chargers sold in the U.S. at T.J. Maxx and Marshalls have been recalled over fears that they could "explode while in use." (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Customers are urged to "immediately" stop using the product and to request a refund.

The chargers should be thrown in the trash, the commission said.

"Do not throw this recalled lithium-ion battery or device in the trash, the general recycling stream (e.g., street-level or curbside recycling bins), or used battery recycling boxes found at various retail and home improvement stores," the commission said.

Customers are urged to "immediately" stop using the product and to request a refund. (Getty Images)

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"Recalled lithium-ion batteries must be disposed of differently than other batteries, because they present a greater risk of fire. Your municipal household hazardous waste (HHW) collection center may accept this recalled lithium-ion battery or device for disposal," it added.

No injuries have been reported thus far in connection with the chargers.

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GM said it would record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US. REBECCA COOK/Reuters 2026-01-09T05:02:01.258Z

GM says it will take a $6 billion hit tied to scaling back its EV strategy in the US. The automaker warns that additional EV-related costs are likely in 2026 as supplier talks continue. GM had already taken a $1.6 billion EV writedown in the third quarter. General Motors has warned investors that its electric-vehicle strategy is proving costly — and that the pain is not yet over.

The Detroit automaker said in a regulatory filing on Thursday that it will record about $6 billion in fourth-quarter charges tied to scaling back EV plans in the US, with another $1.1 billion linked to restructuring in China.

Most of the EV-related hits stem from contract cancellations, supplier settlements, and asset writedowns, GM said, as demand for battery-powered cars sputters.

GM said the charge will be recorded as a special item in its fourth-quarter earnings. It warned that additional EV-related costs are likely in 2026 as it continues negotiations with suppliers, though it expects those charges to be lower than last year's.

The automaker also said the writedown would not affect its roughly dozen electric models sold in the US.

"We plan to continue to make these models available to consumers," it said in its filing.

The EV winterGM's announcement on Thursday follows a $1.6 billion writedown in the third quarter, which the automaker took as it began pivoting away from its EV strategy after an overhaul of US regulations under the Trump administration.

Trump has reversed major EV-friendly measures from the Biden era, including the $7,500 federal EV tax credit that had underpinned consumer demand for electric vehicles.

GM said in a sales release on Monday that its EV sales fell 43% in the fourth quarter after the consumer tax credit expired. The automaker has since rolled back its EV plans and returned to hybrids and gas-powered cars. This was a marked change from the EV ambitions laid out in 2021, when its CEO, Mary Barra, said the company aimed to become electric-only by 2035.

GM's profit warning comes weeks after Ford said in December that it would scale back its EV production, a move expected to cost it nearly $20 billion.

​​"Ford no longer plans to produce select larger electric vehicles where the business case has eroded due to lower-than-expected demand, high costs and regulatory changes," the company said in a news release.

Other carmakers have also announced changes to their EV plans in recent months. Honda, Jeep, and Ram have dropped current or planned EV models for the US market, while Porsche said in September it would take a €1.8 billion, or $2.2 billion, hit as it shifts back toward hybrids and gas vehicles.

General Motors Electric Vehicles

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, /PRNewswire/ -- Canadian Solar Inc. (NASDAQ: CSIQ) (the "Company", or "Canadian Solar") today announced the pricing of its previously announced offering of US$200 million aggregate principal amount of convertible senior notes due 2031 (the "Notes"). The Notes were offered in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"). The Company has granted the initial purchasers in the offering an option to purchase, for settlement within a period of 13 calendar days from, and including, the date the Notes are first issued, up to an additional US$30 million aggregate principal amount of the Notes. The Company expects to close the offering of the Notes on or about January 13, 2026, subject to the satisfaction of customary closing conditions.

The Company estimates that net proceeds from the offering will be approximately US$194.6 million (or approximately US$223.9 million if the initial purchasers exercise in full their option to purchase additional Notes), after deducting the initial purchasers' discount and estimated offering expenses payable by the Company. The Company plans to use the net proceeds from the offering for investments in U.S. manufacturing, and in the value chain supporting battery energy storage and solar power solutions, as well as for working capital and general corporate purposes.

When issued, the Notes will be senior unsecured obligations of the Company and will accrue interest at a rate of 3.25% per annum, payable semi-annually in arrears on January 15 and July 15 of each year, beginning on July 15, 2026. The Notes will mature on January 15, 2031, unless earlier repurchased, redeemed or converted in accordance with their terms prior to such date.

Holders of the Notes may convert all or part of their Notes at their option at any time prior to the close of business on the third business day immediately preceding the maturity date. Upon conversion, the Company will deliver to such converting holders, a number of the Company's common shares equal to the applicable conversion rate as of the relevant conversion date, together with a cash payment in lieu of any fractional share. The initial conversion rate of the Notes is 36.1916 common shares of the Company per US$1,000 principal amount of Notes, which represents an initial conversion price of approximately US$27.63 per common share. The initial conversion price represents a premium of approximately 42.5% over the last reported sale price on the NASDAQ Global Select Market of US$19.39 per common share of the Company on January 8, 2026. The conversion rate and conversion price for the Notes will be subject to adjustments upon the occurrence of certain events.

On or after January 22, 2029, the Company may redeem for cash all or part of the Notes, at its option, if the last reported sale price of the Company's common shares has been at least 130% of the conversion price then in effect on each of at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately prior to the date the Company provides notice of redemption. In addition, the Notes will be redeemable, in whole and not in part, at the Company's option at any time following the occurrence of certain tax related events. The redemption price in the case of a tax redemption or an optional redemption will be equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest, if any, to, but excluding, the related redemption date.

Holders of the Notes may require the Company to repurchase all or part of their Notes in cash in the event of certain fundamental changes. The repurchase price will equal to 100% of the principal amount of the Notes to be repurchased, plus accrued and unpaid interest, if any, to, but excluding, the fundamental change repurchase date.

The Notes and the common shares deliverable upon conversion of the Notes have not been and will not be registered under the Securities Act or any securities laws of any other place and may not be offered or sold absent registration or an applicable exemption from registration requirements.

This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, nor shall there be any offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful.

About Canadian Solar Inc.

Canadian Solar is one of the world's largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 170 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 16 GWh of battery energy storage solutions to global markets as of September 30, 2025, boasting a $3.1 billion contracted backlog as of October 31, 2025. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 12 GWp of solar power projects and 6 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 81 GWh of battery energy storage capacity in various stages of development. Canadian Solar has been publicly listed on the NASDAQ since 2006.

Safe Harbor/Forward-Looking Statements

Certain statements in this press release are forward-looking statements, including statements regarding the expected consummation of the Notes offering and the terms of the Notes, that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the "Safe Harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as "may", "will", "expect", "anticipate", "future", "ongoing", "continue", "intend", "plan", "potential", "prospect", "guidance", "believe", "estimate", "is/are likely to" or similar expressions, the negative of these terms, or other comparable terminology. These forward-looking statements include, among other things, our expectations regarding global electricity demand and the adoption of solar and battery energy storage technologies; our growth strategies, future business performance, and financial condition; our transition to a long-term owner and operator of clean energy assets and expansion of project pipelines; our ability to monetize project portfolios, manage supply chain fluctuations, and respond to economic factors such as inflation and interest rates; our outlook on government incentives, trade measures, regulatory developments, and geopolitical risks; our expectations for project timelines, costs, and returns; competitive dynamics in solar and storage markets; our ability to execute supply chain, manufacturing, and operational initiatives; access to capital, debt obligations, and covenant compliance; relationships with key suppliers and customers; technological advancement and product quality; and risks related to intellectual property, litigation, and compliance with environmental and sustainability regulations. Other risks were described in the Company's filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today's date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT 
Wina Huang
Investor Relations
Canadian Solar Inc.
[email protected]

SOURCE Canadian Solar Inc.

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.

Item 1 of 2 A Brunello Cucinelli label is seen on a shirt at the factory in Solomeo village near Perugia, Italy, September 4, 2018. Picture taken September 4, 2018. REUTERS/Alessandro Bianchi/File Photo

[1/2]A Brunello Cucinelli label is seen on a shirt at the factory in Solomeo village near Perugia, Italy, September 4, 2018. Picture taken September 4, 2018. REUTERS/Alessandro Bianchi/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesCucinelli remains committed to department store strategy despite Saks' strugglesCucinelli relies heavily on wholesale, more than luxury peersSaks' financial troubles reflect wider luxury market challengesLuxury brands shift to own outlets, Cucinelli sticks with wholesale strategyMILAN, Jan 9 (Reuters) - Italian luxury brand Brunello Cucinelli (BCU.MI), opens new tab, known for its $3,000 cashmere sweaters, bet big on department stores, a strategy now in the spotlight as iconic U.S. High Street retailer Saks struggles to pay back debts.

Saks Global, created after Saks Fifth Avenue parent Hudson's Bay Company bought rival Neiman Marcus, saw its CEO depart this month, amid reports it was preparing for bankruptcy after missing an over $100 million interest payment.

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That's put a harsh spotlight on the strategy of firms like Cucinelli that have bet heavily on high-end department stores, whose future is more uncertain in a weak global luxury market where many brands have shifted towards their own outlets.

The firm, however, is doubling down.

Brunello Cucinelli, founder and chairman of his namesake firm, told Reuters that the company was sticking with its strategy, which gives a strong emphasis to the wholesale channel.

He said that so far it had only faced a one-month delay in payments from Saks Global, and at the operational level had not had any issues with the retailer.

"We don't foresee any economic risks, except for extremely limited ones," Cucinelli told Reuters by phone.

"And bear in mind, they would be the first (losses) in 45 years of business. Every year, we lose 0.1% from our multibrands, which is practically nothing."

CUCINELLI RELIES MORE THAN PEERS ON WHOLESALECucinelli is, however, more exposed than most.

Co-CEO Luca Lisandroni in December lauded the cashmere king's ties with Saks and heralded some of its "best results ever" in its stores around the United States, "demonstrating the great centrality of this client in the global luxury landscape."

The Italian firm makes some 36% of its revenues from the wholesale channel and around 64% from its own retail outlets, relying more heavily on multi-brand distribution than some key luxury peers, according to data compiled by Reuters.

Over the past decade, luxury groups have shifted toward their own retail networks, giving them more control over pricing, inventory and margins. Retail now accounts for some 90% of sales by Prada (1913.F), opens new tab, 81% at Moncler (MONC.MI), opens new tab, 87% at Zegna (JN0.F), opens new tab and 75% at Gucci-owner Kering (PRTP.PA), opens new tab.

Cucinelli, which targets some of the highest-end wealthy customers, has proved to be among the most resilient brands in the industry hit by lower demand.

Sales in both the wholesale and retail channel grew in the first nine months of 2025 and the brand raised its full-year revenue growth forecast to 11–12% in December.

Morningstar analyst Svetlana Menshchikova said that a possible Saks bankruptcy or restructuring could lead to "delayed payments, limited bad-debt exposure and maybe some lost sales if the department stores would fail to replenish their stock".

"The company has consistently highlighted the U.S. wholesalers as key clients and an integral part of its brand image and business model," she said. "Although we do not expect a severe impact on the company given Cucinelli's global footprint and strong balance sheet."

'HYPOTHETICALLY SPEAKING, I WOULD BUY SAKS GLOBAL TOMORROW'Saks Global's financial troubles reflect wider challenges in the $417 billion global luxury market, which is battling to emerge from years of stalling sales.

The U.S. luxury retailer, which operates Saks Fifth Avenue, Neiman Marcus and Bergdorf Goodman, missed an interest payment due at the end of December and it is preparing to file for bankruptcy, the Wall Street Journal reported last month.

Founder Cucinelli credited department stores in part for that and said he had faith in Saks and the 400 multibrand stores he said the brand worked with worldwide.

"We do 40% of our business with multibrands and I'm absolutely delighted," he said, calling department stores the "true custodians of the brand."

"To make it even clearer how much we believe in multibrand (stores), hypothetically speaking, I would buy Saks Global tomorrow if I were an interested investor."

Reporting by Elisa Anzolin; Editing by Adam Jourdan and Nick Zieminski

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Disney CEO Bob Iger arrives at The Sun Valley Resort for the Allen and Company Sun Valley Media and Technology Conference in Sun Valley, Idaho, U.S., July 8, 2025. REUTERS/Brendan McDermid Purchase Licensing Rights, opens new tab

BEIJING, Jan 9 (Reuters) - One of China's top officials met with Disney (DIS.N), opens new tab CEO Bob Iger in Beijing on Friday, state media reported, as the "House of Mouse" seeks to strengthen its foothold in the world's second-largest economy amid fraught U.S.-China tensions.

Vice Premier Ding Xuexiang encouraged Iger to invest further in China, a notable shift from Beijing's threat last April that it would further restrict imports of Hollywood films in response to U.S. tariffs.

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China's $19 trillion economy presents a complicated business proposition for U.S. film studios: the country's young, affluent urban middle class offers a lucrative audience for theme parks, but Beijing tightly controls the number of foreign films allowed into the country each year - potentially constraining interest in the franchises that drive the punters to the parks.

Iger built out Disney's media empire through high-profile acquisitions of Pixar, Marvel and the Star Wars franchise, and oversaw the opening of Shanghai Disneyland.

For three decades, Beijing has capped Hollywood imports at just 10 films a year, and it has made significant headway in steering Chinese audiences toward domestically produced movies in the world's second-largest film market.

Chinese moviegoers propelled "Ne Zha 2" past Pixar's "Inside Out 2" to make it the highest‑grossing animated film of all time last year.

Hollywood films account for only 5% of overall box office receipts in China's markets, analysts estimate.

Still, Disney and Universal Studios have both opened theme parks in Shanghai and Beijing, respectively, with Iger's visit likely to again fuel speculation that the entertainment giant has plans to open a second amusement park in the country.

"Disney is full of confidence in China's development and will continue to expand investment in China," Iger was quoted as saying.

Reporting by Joe Cash; Editing by Christopher Cushing and Stephen Coates

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SummaryDuPont de Nemours earns a buy rating, driven by its strategic shift toward high-growth, high-margin water infrastructure and industrial safety markets.DD's Q3 results exceeded expectations, with 6% organic sales growth, a 27.3% EBITDA margin, and raised FY 2025 guidance, reflecting strong operational momentum.Despite trading at a premium to peers, DD's superior margins, cost discipline, and $2B share repurchase program justify its valuation and support further upside.The water scarcity trend and post-Qnity portfolio repositioning provide long-term growth catalysts, though execution risk and cost control remain key monitoring points. Getty Images

I give a buy rating to DuPont de Nemours, Inc. (DD). I believe that the company is positioned for upside now that it has been separated from Qnity since November. While the valuation of

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.

Life Time Group Holdings stands out as an attractive small/mid-cap opportunity amid an overextended S&P 500. LTH is expanding its premium fitness club footprint nationwide while increasing membership dues, driving notable profitability improvements. Despite strong fundamentals, LTH shares have underperformed, declining ~15% since their February 2025 peak.

Journalist

Posted: January 9, 2026

The cryptocurrency market has shed $120 billion this week after January’s recovery curve stalled. In particular, Bitcoin’s rebound, which was lifted by over $1 billion in ETF inflows, reversed by mid-week. 

According to SoSo Value’s data, U.S Spot ETFs saw $729 million in total outflows on Tuesday and Wednesday. 

Source: SoSo Value

Over the same period, Bitcoin’s price shed over $4,500 and dropped from $94,500 to $90,000 on the price charts. 

Fed rate pause ahead? The market sentiment was further soured by the expectation of a Fed rate pause at the meeting scheduled for 29 January. Over the past two days, the odds of a rate pause rose by 4% to 86.7%. 

The Jobs report and inflation data scheduled for 9 and 14 January could further affect the rate cut outlook and drive the market sentiment for risk assets.  

Source: CME FedWatch

However, the current rate pause outlook at 3.50%-3.75% further dragged crypto lower.

However, it must be noted that although BTC fell by 5%, major altcoins dumped even harder during the mid-week retreat.

XRP and ETH cool off XRP, for example, depreciated by 14% from $2.4 to $2, reversing nearly half of its significant January gains. 

Source: XRP/USDT, TradingView 

Near-term bulls could track the $2-support zone as a possible reversal point. The area also coincided with the 50-day Moving Average (MA) that could reinforce short-term bullish momentum if defended. 

However, a break below it could send XRP’s price to the recent lows near $1.80. Here, it’s worth pointing out that the altcoin also saw massive whale interest during the early 2026 recovery – A trend that could trigger a swift reversal if market sentiment improves. 

Like BTC, Ethereum’s [ETH] price also dropped by about 6% from $3,300 to $3,000. December’s price action chalked a symmetric triangle pattern that could go either way. However, in the event of a bullish breakout, the immediate target would be $3,600.  

Source: ETH/USDT, TradingView 

On the contrary, a dip below $2.9k would indicate a bearish breakout and likely lead to further price compression. 

Even so, the altcoin season index reading jumped from 25 to a neutral reading of 57 at press time – A sign that alluded to a considerable rebound for the sector in January, despite the recent cool-off. 

Final Thoughts A pause on institutional demand for BTC and crypto triggered a mid-week cool-off among top altcoins. XRP and ETH’s position above key short-term moving averages seemed to reinforce bullish momentum at press time. 

Solana started a fresh increase above the $136 zone. SOL price is now consolidating above $138 and might aim for more gains above the $142 zone.

SOL price started a fresh upward move above the $136 and $138 levels against the US Dollar. The price is now trading above $138 and the 100-hourly simple moving average. There was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend gains if it clears the $142 resistance zone. Solana Price Regains Traction Solana price corrected gains from the $144 zone but remained stable above the $130 zone, beating Bitcoin and Ethereum. SOL formed a low near $132 and started a fresh upward move.

The price climbed above the $135 level to enter a short-term positive zone. It surpassed the 50% Fib retracement level of the downward move from the $143 swing high to the $132 low. Besides, there was a break above a bearish trend line with resistance at $137 on the hourly chart of the SOL/USD pair.

Solana is now trading above $138 and the 100-hourly simple moving average. On the upside, the price is facing resistance near $140 and the 76.4% Fib retracement level of the downward move from the $143 swing high to the $132 low. The next major resistance is near the $142 level.

Source: SOLUSD on TradingView.com The main resistance could be $145. A successful close above the $145 resistance zone could set the pace for another steady increase. The next key resistance is $150. Any more gains might send the price toward the $155 level.

Another Decline In SOL? If SOL fails to rise above the $140 resistance, it could start another decline. Initial support on the downside is near the $138 zone. The first major support is near the $135 level.

A break below the $135 level might send the price toward the $132 support zone. If there is a close below the $132 support, the price could decline toward the $124 support in the near term.

Technical Indicators

Hourly MACD – The MACD for SOL/USD is gaining pace in the bullish zone.

Hourly Hours RSI (Relative Strength Index) – The RSI for SOL/USD is above the 50 level.

Major Support Levels – $138 and $135.

Major Resistance Levels – $140 and $142.

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

Part of the Team Since

Jan 2024

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

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Truebit’s TRU token went into free fall Thursday after the protocol disclosed a security incident tied to one of its Ethereum smart contracts, with on-chain trackers pointing to a haul of about 8,535 ETH, roughly $26M at recent prices.

Truebit said the incident involved “involving one or more malicious actors” and told users it was in contact with law enforcement and “taking all available measures” in response.

The theft estimate, cited by crypto sleuths monitoring the protocol, put the missing Ether at 8,535 ETH, with the dollar value near $26.6M at the time of reporting.

For traders, the shock spread quickly as smart contract failures rarely stay isolated and often ripple through liquidity, confidence and prices across exchanges.

Today, we became aware of a security incident involving one or more malicious actors. The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 and we strongly advise the public not to interact with this contract until further notice. We are in contact with law…

— Truebit (@Truebitprotocol) January 8, 2026 Smart Contract Bug Allegedly Enabled Free Token MintingTruebit is built to tackle one of blockchain’s core limits, the high cost of on-chain computation. It aims to let applications verify complex calculations without running every step on Ethereum, shifting heavy logic off-chain while preserving on-chain verification for advanced smart contract and compute use cases.

The protocol flagged malicious activity linked to its “Truebit Protocol: Purchase” contract and urged users to avoid interacting with the address until further notice.

Investigators have not seen a full technical postmortem yet. On-chain analysis cited in reporting pointed to a pricing logic failure in the getPurchasePrice function, where unusually large mint requests allegedly returned a zero cost, letting an attacker mint tokens for free and cycle them through a bonding curve to drain ETH reserves.

Attackers Route Stolen Ether Through Tornado CashTransaction trails also showed aggressive clean-up behavior after the drain, including consolidation into a main address and routing of a large share through Tornado Cash, the kind of step that typically signals planning rather than a lucky stumble.

The market’s verdict came quickly. On-chain investigators reported TRU fell more than 99%, with Nansen data showing a drop to about $0.0000000029 from around $0.16.

The timing also feeds into a broader security narrative. PeckShield recently said total crypto hack and exploit losses fell to about $76M in December from $194.2M in November, a 60% drop that still left the ecosystem dealing with constant pressure from both protocol bugs and user-targeted scams.

PeckShield’s breakdown included a $50M address poisoning loss and another incident tied to a private key leak in a multisig wallet that cost about $27.3M.

Truebit has not yet said what remediation looks like, and it remains unclear what triggered the exploit and whether user funds were at risk.

Bitcoin prices dropped to almost $89,000 as traders took profits.

getty

Bitcoin prices fell below the $90,000 level on Thursday, January 8, experiencing a modest retracement that several analysts described as healthy.

The world’s most prominent digital currency dropped to roughly $89,200, according to Coinbase data from TradingView. At this point, it was down close to 6% from the recent high of more than $94,000 that it reached on Monday, January 5.

Further, the cryptocurrency had depreciated approximately 30% relative to the all-time high of more than $126,000 it reached late last year, additional Coinbase figures from TradingView reveal.

“The last several days have seen BTC give back just over half of its January gains,” Tim Enneking, managing partner of Psalion, said via email. “After a 10% move up in 5 days, without any substantive reason, a retracement is both natural and, arguably, healthy.”

He shed further light on the subject, stating that “Of more importance is that BTC again bounced off $90k for the second time in this short year: the first on Jan. 2 and then again earlier today.”

“Assuming $90k holds today (about a 50-50 proposition, I think), $90k will have definitely switched from resistance to support,” Enneking added.

Ryan Lee, chief analyst of Bitget Research, also weighed in on the matter, offering a little more detail on the situation.

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“We view the recent 24-hour pullback in BTC and ETH, which has pulled the total crypto market cap toward $3.12 trillion, as a typical short-term correction driven by profit-taking and macroeconomic uncertainties, presenting a healthy reset that often precedes sustained rallies in maturing markets,” he stated via email.

Gideon Hyams, cofounder and chairman of STS Digital, also commented on the situation, offering a slightly different take.

“Bitcoin’s recent pullback is driven primarily by short-term profit-taking, following a strong rally in the first few days of 2026, rather than any material shift in its long-term fundamentals,” he said through emailed input.

“After approaching the $95,000 level, which acted as a psychological resistance zone, many traders opted to lock in gains, triggering a cascade of technical selling and liquidations of leveraged positions,” stated Hyams. “This kind of return is typical after rapid price appreciation and reflects cooling momentum rather than a breakdown in market structure.”

Following these latest price movements, a handful of analysts offered short-term outlooks.

Gabriel Selby, head of research at CF Benchmarks, provided such a contribution, specifying that “Bitcoin’s dip to $90k has filled last weekend’s CME opening gap. Attention now shifts to the $95k–$102k range, where notable price imbalances remain and may act as a strong draw for near-term liquidity.”

“However, this zone is also likely to present significant resistance as the market attempts to trade through it,” he noted.

Brian Huang, cofounder of fintech firm Glider, also offered his perspective, stating that “I do not see major catalysts for BTC in the near future. Lower rates should bode well for risk assets, but these are gradual changes.”

“Weakness in the AI bubble within equities could create more pain for BTC holders.” he added.

Going forward, Selby offered a more long-term outlook, where he focused on factors such as macro conditions, the role of institutions and expectations surrounding central bank policy.

“As institutional adoption of crypto continues to expand, it is increasingly important to contextualize this short-term price action within higher-timeframe catalysts,” he noted. “Important among these is the macro backdrop, which remains constructive for Bitcoin.”

“A ‘Goldilocks’ environment is emerging that gives the Fed room to deliver additional rate cuts in 2026,” stated Selby.

“Simultaneously hiring has reached cycle lows, while overall economic activity remains resilient," he emphasized. “Crucially, productivity growth is accelerating (+4.9% in Q3), helping to contain labor costs as inflation continues to cool.”

“This environment supports a more dovish stance from the Federal Reserve throughout the year,” the analyst stated.

“Looking ahead, 2026 may represent the next phase of institutionalization for Bitcoin and crypto,” Selby predicted. “While the initial phase centered on access via ETFs such as IBIT, the next phase is likely to focus on deeper adoption, as institutions move beyond tactical exposure and begin integrating digital assets into discretionary strategies and model mandates.”

The Zcash protocol remains unaffected despite the governance clash and restructuring with Bootstrap.

Truebit Protocol, a blockchain project focused on verified computing, has suffered a major security breach that led to losses of around $26.5 million. The exploit caused the TRU token to crash to near zero, shaking investor confidence. 

Here’s how the attack happened and what steps Truebit has taken since then.

According to blockchain security firm PeckShield, the exploit was detected after suspicious transactions were recorded on the Ethereum network. The attacker successfully drained nearly 8,500 ETH from the Truebit protocol, valued at approximately $26.5 million at the time of the attack.

On-chain data shows that the stolen funds were later split and transferred to two separate wallet addresses 0x2735…cE850a & 0xD12f…031a60. 

However, the attackers commonly use this method to reduce tracking risk and complicate recovery efforts. 

PeckShield report shows that the exploit appears to have targeted a weakness in the protocol’s contract structure, although a full technical breakdown is still pending.

TRU Token Price Crashes 100% After ExploitFollowing the hack, the impact on the Truebit native token TRU was immediate and severe. The token dropped nearly 100% in value from a daily high of $0.1659 to a low of $0.000000018, effectively wiping out its market cap to nearly zero. 

On top of it, liquidity on decentralized exchanges dried up quickly, leaving many holders unable to sell.

This sharp collapse highlights how closely token prices are tied to protocol security. Once trust is broken, even temporarily, investor confidence can disappear within minutes.

Truebit Issues Official Statement After HackFollowing the incident, the Truebit protocol released an official statement acknowledging the security breach. The team confirmed that a specific smart contract had been affected and urged users not to interact with the contract until further notice.

Truebit stated that it is working closely with law enforcement and taking all possible steps to contain the damage.

Today, we became aware of a security incident involving one or more malicious actors. The affected smart contract is 0x764C64b2A09b09Acb100B80d8c505Aa6a0302EF2 and we strongly advise the public not to interact with this contract until further notice. We are in contact with law…

— Truebit (@Truebitprotocol) January 8, 2026 The team also assured users that updates will be shared only through official communication channels as more details become available.

Same Exploiter Linked to Previous Sparkle AttackPeckShield also noted that the wallet involved in the Truebit hack was linked to a previous attack on the Sparkle protocol around 12 days earlier. In that incident, the attacker obtained tokens and later moved funds through Tornado Cash, a privacy tool often used to hide transaction trails.

This repeated pattern suggests the attacker is experienced and actively scanning for vulnerable projects, increasing concern across the DeFi space.

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Journalist

Posted: January 9, 2026

Memecoins appear to be pausing their rally that began earlier this year. 

For example, Useless Coin [USELESS] has dropped more than 12% in the past 24 hours, with its price still trending downward at the time of writing.

USELESS Coin breaks trendline support The price action charts showed that USELESS broke an ascending trendline support that had been in place since the start of this month. The first week of January 2026 saw the memecoin reach $0.12, but bulls were unable to break past this level.

The MACD was bearish over the past two days, though its momentum was weak. Moreover, the Money Flow Index (MFI) had also declined from a peak of 77 to 35 at press time.

This indicated capital was flowing out of the token.

Source: TradingView

In case the decline continues, the price could retest the breakout level at $0.06958 of the range that ignited this rally. However, a resurgence of bulls could invalidate such an undertaking.

The decline was not only dependent on a technical breakdown; on-chain data also supported this trend.

Institutions offload the memecoin As per on-chain data from Solscan, institutions were offloading their tokens. Wintermute and Coinbase were moving their USELESS coins to the hot wallet, potentially for selling.

Wintermute moved more than $131K worth of the tokens, while Coinbase moved over $500K in capital. In total, more than $600K in USELESS was ready for selling.

Source: Solscan

However, this was not the case for the Kraken exchange. The exchange moved more than $194K to their cold wallet, indicating accumulation.

As a result, the institutional activity showed mixed sentiments, though the selling activity was more impactful on price. In fact, the Long/Short Ratio was at 0.9 as of writing, suggesting more trades, even from retail, were being sold.

A look into volume, OI, and max pain levels! More data showed why USELESS’s price was declining.

At press time, Open Interest (OI) dropped sharply from $40 million to $33 million within a single day. This decline followed a steady uptrend that had been in place since the 30th of December.

Trading volume mirrored the move, plunging from $122 million to $82 million over the same period.

Source: CoinGlass

Meanwhile, the maximum liquidation pain for the memecoin indicated that a short squeeze could occur if the price reached $0.1242 again.

On the other hand, the decline could be intensified if the price broke below $0.1020. This was the max pain level for bulls.

Source: CoinGlass

Altogether, the rally could be over, indicating a seasonal tendency where cryptos start the year with a surge.

Conversely, it could be a pause before the price rally continuation, especially now that memecoins have added over $8 billion to their capitalization.

Final Thoughts USELESS crashes 12% amid a technical breakdown, but this could be a temporary pause. Institutions offloading, volume and OI declining, and shorts contributed to the downside movement.

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A Florida lawmaker is attempting to revive the state’s previous efforts to establish and manage a Strategic Bitcoin Reserve (SBR) to protect its residents against inflation and enhance economic security.

A New Strategic Bitcoin Reserve Proposal On Wednesday, Florida House of Representatives member John Snyder introduced House Bill 1039 (HB 1039) to create and administer a state-run Strategic Cryptocurrency Reserve focused on Bitcoin (BTC).

According to the legislation, the strategic reserve would be established as “a special fund outside the State Treasury” to serve “hedge against inflation and economic volatility” and the “public purpose of providing enhanced financial security to residents of this state.”

Text for House Bill 1039. Source: flsenate.gov  Notably, the bill states that “to be eligible to be purchased for the reserve, a cryptocurrency must have an average market capitalization of at least $500 billion over the most recent 24-month period.” Under this condition, only Bitcoin, with its $1 trillion market capitalization, meets the requirements.

Based on this, Florida’s reserve would consist of “money transferred or deposited to the credit of the reserve by legislative appropriation, (…) Revenue that the Legislature by general law dedicates for deposit to the credit of the reserve, (…) Cryptocurrency purchased using money in or received by the reserve, (…) Investment earnings and interest or rewards earned on assets in the reserve.”

In addition, the reserve would be custodied and managed by Florida’s Chief Financial Officer (CFO), who will be able to “acquire, exchange, sell, supervise, manage or retain any kind of investments” that a prudent investor would manage, under “the purposes, terms, distribution requirements, and other circumstances then prevailing for the reserve.”

The CFO would be allowed to establish contracts with one or more third-party entities for the administration and management of the reserve, including technology providers for a secure custody solution, a qualified custodian, and liquidity providers that facilitate the purchase and sales of the reserve’s assets.

Moreover, HB 1039 would launch the “Florida Strategic Cryptocurrency Reserve Advisory Committee” within the Department of Financial Affairs. The committee would be composed of five members, including the CFO, who would serve as the chairman, and four other individuals appointed by the CFO.

Florida’s SBR Push Representative Snyder’s proposal follows previous attempts to establish a Strategic Bitcoin Reserve in Florida. Over the past year, some lawmakers joined the global SBR momentum and introduced multiple bills to create and manage a state-run crypto reserve.

As reported by Bitcoinist, the Florida Blockchain Business Association (FBBA) proposed the state’s first Bitcoin Reserve at the end of 2024, seeking to allocate a small percentage of its $185.7 billion pension fund to BTC.

Samuel Armes, head of the FBBA, suggested that the state could use 1% of its pension fund, around $1.85 billion, to invest in Bitcoin as part of Florida’s push to launch a crypto-based strategic reserve.

In February 2025, Senator Joe Gruters introduced Senate Bill 550 (SB 550) to allow the state’s CFO to invest up to 10% of public funds in the flagship crypto. Similarly, Representative Webster Barnaby introduced House Bill 487 (HB 487) in April 2025 to allow Florida’s CFO and the State Board of Administration to invest up to 10% of certain state funds in Bitcoin, as a strategy to protect against inflation and enhance economic security.

Nonetheless, both bills died in the first half of the year after failing to obtain a majority vote in their respective committee hearings. Last October, Representative Barnaby filed House Bill 183 (HB 183) with a revised and “more flexible” text to revive Florida’s SBR efforts.

If HB 1039 passes the state’s Senate and House votes and is signed into law, Florida would join Arizona, New Hampshire, and Texas as the few states to have enacted a Strategic Bitcoin Reserve.

Bitcoin trades at $90,000 in the one-week chart. Source: BTCUSDT on TradingView Featured Image from Unsplash.com, Chart from TradingView.com

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Polygon rebounds 37.6% from all-time low, but recovery hinges on reclaiming $0.138.Aptos faces volatility as $20.58 million token unlock threatens further downside.Midnight slides 26%, with bearish momentum pointing toward $0.0609 support.The coming weekend may see many altcoins facing losses for various reasons pertaining to either the market conditions or external developments.

BeInCrypto has analysed three such altcoins that the investors should watch in the coming weekend.

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Polygon (POL)POL has drawn renewed investor attention since the start of the year after printing a new all-time low on January 1, 2026. The altcoin dropped to $0.098, triggering speculative interest and attracting buyers seeking discounted entry amid broader market stabilization.

Following the low, POL rebounded 37.6% and has now secured the 50-day EMA as support. Reclaiming $0.138 would strengthen recovery prospects. A successful flip could push the price towards $0.155, aided by fresh capital from ATL buyers.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

APT Price Analysis. Source: TradingViewDownside risk remains if bullish momentum weakens. POL could slide toward the $0.129 area, losing the $0.138 local support. A breakdown below $0.129 would invalidate the bullish thesis, erasing recent gains and restoring short-term bearish pressure as APT falls to $0.119.

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Aptos (APT)APT faces a major external catalyst as a scheduled token unlock approaches. Approximately 11.31 million APT will enter circulation, directly impacting supply dynamics. Such events often increase volatility, as markets reassess valuation amid changing token availability and short-term sentiment.

The additional supply could introduce $20.58 million worth of tokens into a bearish environment. APT is already down 7.6% in 48 hours, trading near $1.81 at the 23.6% Fibonacci retracement. Losing this level may trigger a drop toward $1.56 or the $1.41 ATL.

APT Price Analysis. Source: TradingViewA bullish alternative remains possible if demand strengthens. APT bouncing from the 23.6% Fibonacci level could fuel another attempt above $1.96. Reclaiming $2.05 at the 38.2% retracement would confirm renewed momentum and invalidate the bearish thesis.

Midnight (NIGHT)NIGHT has struggled to attract strong investor support in recent sessions. After failing to break the $0.1000 resistance, the altcoin dropped nearly 26%. NIGHT now trades around $0.0743, reflecting weak demand and fading confidence among market participants.

The decline is transforming into a clear downtrend. The Parabolic SAR has flipped into resistance, reinforcing bearish pressure. NIGHT also lost the $0.0753 support, increasing downside risk. Under current conditions, the altcoin remains vulnerable to a further drop toward $0.0609.

NIGHT Price Analysis. Source: TradingViewA reversal remains possible if lower prices attract buyers. NIGHT’s popularity could trigger renewed capital inflows. A recovery toward $1.000 would signal renewed strength. Breaking that level could push NIGHT to its $1.200 ATH, invalidating the bearish thesis.

Disclaimer

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