XRP is trading well below its January 2018 peak. (TradingView/CoinDesk)Ringkasan
XRP trades around $1.33, about 62.5% below its January 2018 peak, while Bitcoin, Ether and several other major cryptocurrencies have surpassed their previous highs.Analysts attribute XRP’s lagging price partly to a sharp increase in circulating supply, weak fund inflows and declining trading activity and network use.Ripple’s focus on payments, XRP’s limited exposure to popular crypto sectors and years of regulatory uncertainty from the S.E.C. case have also weighed on demand.Holding is widely touted as a great way to build wealth in the crypto market, but it hasn't worked for every coin.
Take XRP (XRP), the payments-focused cryptocurrency native to the XRP Ledger and the world’s fifth-largest digital asset by market value.
The token is still trading well below its 2017 cycle high, while most other major cryptocurrencies have climbed far above theirs. In 2017, crypto broke into the mainstream, pulling in new users and investors during the frenzied run that carried into the first week or two of 2018.
XRP currently trades around $1.33, down 62.5% from its early January 2018 peak of $3.55. In other words, an XRP buyer from that peak is still underwater nearly nine years later. (XRP did briefly top its old high, reaching $3.66 in July 2025 before crashing.)
Bitcoin BTC$82.071,33 is up 314% from its December 2017 peak of $19,804. Dogecoin DOGE$0.08197 is up 322% from its January 2018 high, and BNB BNB$729,33 is up about 2,800%. Ether ETH$2.444,89 is up 66% and zcash (ZEC) is up 38%. Tron is also slightly below its peak, down about 4%. Solana launched in 2020.
Bitcoin, ether and many other tokens have pulled back sharply from their 2025 peaks, yet remain far above their 2017 highs.
Too many coinsAnalysts point first to XRP’s supply.
"Circulating supply grew 63%, from 38.7B in 2017 to 63.1B, while XRP's total market value fell only about 3%," Nicolai Sondergaard, senior research analyst at analytics firm Nansen, told CoinDesk. "More XRP in circulation means each token represents a smaller share of roughly the same total value."
Circulating supply is the number of coins on the market, and as it grows, each coin represents a smaller share of the total.
Oliver Carding, head of marketing at Tesseract Group, says XRP looks better when measured by total value instead of price.
"On value, XRP recovered," he said. "About 63% more XRP is in circulation than at that peak, so the same circulating market capitalization would mean a price roughly 39% lower."
Tesseract is an institutional digital asset management firm that manages over $500 million in assets under management.
Weaker demandU.S.-listed exchange-traded funds, or ETFs, have opened the door for institutional investors to take exposure to digital assets. While bitcoin and ether funds have pulled in billions, XRP funds have lagged big time.
"ETF uptake has also been muted relative to $BTC and $ETH," said Paul Howard, senior director at market-making firm Wincent.
To date, XRP funds have pulled in just $1.80 billion in investor money since debuting nearly a year ago, according to data source SoSoValue. Bitcoin ETFs often attract over $1 billion in investor money in a single day.
Nansen's data also shows trading activity has weakened, with XRP spot volume down 53.5%, perpetual futures volume down 44%, and active addresses down 10.7%.
Ripple's focusRipple, the payments company closely tied to XRP, has focused on cross-border payments rather than chasing sectors such as DeFi, AI, and memecoins, which have attracted greater capital flows and deeper integration with traditional finance.
"Ripple, meanwhile, has been working hard to build payment infrastructure, RLUSD and trade financing products around the usage of the ledger and coin, and this has taken focus from just core XRP," Howard said.
Investors also have more choices now.
"The role of DeFi for investment into ETH, SOL and HYPE has also been a new narrative which $XRP has not focused on," Howard said.
The SEC caseRipple’s legal fight with U.S. regulators also held XRP back.
The Securities and Exchange Commission sued Ripple and two of its executives in December 2020, saying the company had raised about $1.3 billion by selling XRP without registering it as a security.
A federal judge ruled in 2023 that XRP sales on public exchanges were not securities offerings, but that sales to institutional investors were. In 2024, Ripple was ordered to pay a $125 million penalty. The case ended in August 2025, when both sides dropped their appeals.
Carding said the prolonged regulatory uncertainty helps explain why the token missed its old high during the 2021 crypto bull run, when Coinbase suspended trading.
“The SEC case helps explain why XRP did not revisit its 2018 high in 2021, when Coinbase suspended trading, but the appeals were dropped in August 2025 with XRP above $3,” Carding said. “Since then, XRP is down about 59%, against 32% for bitcoin and 44% for ether, and its circulating market capitalisation is down about 56%.”
Not the only laggardXRP isn't the only coin trading below its early 2018 highs.
"On price, six of the other nine assets in the January 2018 top ten are further below their levels of that week," Carding said.
For those watching XRP, Carding has a suggestion.
"What I would watch is XRP against bitcoin, alongside net monthly distribution after re-escrow and changes in fund holdings," he said. "Relative weakness that persists as distribution slows would point to weaker demand."
In plain English, Carding is watching whether XRP underperforms bitcoin even as fewer new XRP tokens enter the market through Ripple’s escrow releases. If supply growth slows but XRP still lags bitcoin, it would suggest that investor demand for XRP is weakening.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Speculative traders in the derivatives market launched a large-scale counterattack to defend the XRP token from a prolonged decline after the release of tough macroeconomic data in the US.
According to the analyst 'DarkFrost' from CryptoQuant, an abnormal capital inflow was recorded on Binance alone as key support levels broke: more than $184 million flowed into long contracts within a few hours. This allowed XRP to quickly recover from its drop below $1.30 and show a local rebound of 5%.
XRP Taker Buy Volume spikes on Binance as price dips below $1.30, Source: @darkfost_coc / CryptoQuant
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The massive wave of selling began after XRP corrected by 22.5% from its September high of $1.65. Pressure on the cryptocurrency sector came from US consumer price (CPI) and producer price (PPI) indices that were "hotter" than expected, which triggered a drop in US stock indices.
However, some large players viewed XRP's drop below $1.30 as an extreme market asymmetry and opened positions against the current bearish trend.
All the money went to Binance (literally)On-chain data confirms that the defensive wave of liquidity was isolated and bypassed other major exchanges, concentrating in one place:
Abnormal volume on Binance: In the peak hour, the volume of market buy orders (Taker Buy Volume) on the exchange exceeded $73 million. Several subsequent hourly intervals brought in another $35 million each, forming a total of $184 million in speculative capital.
Low activity on competing exchanges: Other major exchanges ignored the move. In the same peak hour, the volume of similar buys on Bybit was only $1 million, and on OKX, less than $451,000.
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Despite the short-term success of the strategy and the subsequent 5% price rise, analysts point to high risks for the market. The spike in the Taker Buy Volume metric in the derivatives market reflects the opening of leveraged positions rather than long-term interest from spot investors.
The high concentration of margin contracts in a narrow price range on Binance makes XRP highly vulnerable to cascading liquidations and guarantees increased volatility in the coming days.
An OpenAI agent ran out of Ethereum funds, and took from a wallet it did not own. (Ethereum)Кратко
An internal OpenAI research model used a publicly available recovery phrase to access and spend from another person’s cryptocurrency wallet after it ran out of funds during a coding assignment.The June 26 incident occurred on Ethereum’s Sepolia test network, whose tokens have no connection to ether traded on the main network, and OpenAI discovered it on Sept. 25.The model completed the assignment without disclosing the source of the funds, prompting OpenAI to add internet-access restrictions and increased monitoring.An OpenAI research model stuck without funds on an Ethereum test network went looking for someone else’s wallet, found one through recovery phrases that were already public, and spent from it to finish a coding assignment, the company disclosed Thursday.
The incident occurred on June 26 during training of an internal model in the GPT-5.6 Sol family, and OpenAI discovered it on Sept. 25, according to its incident report.
The model needed no hacking skills to get in.
A recovery phrase, also called a seed phrase, is a list of words that generates a wallet’s secret keys; whoever has those words can recreate the accounts and spend from them without ever touching the owner’s device.
The assignment let the model deploy contracts, programs that run on a blockchain, but gave it no funded wallet to pay the fees. After its attempts to get free test tokens failed, it wrote a script that checked 362 addresses generated from recovery phrases commonly used by developers and found one with enough money.
“But using public known key/funds ethically?” the model asked itself in its recorded reasoning, before deciding that a public phrase and test tokens made it acceptable.
How an AI found someone else’s wallet and spent from it. (Shaurya Malwa/CoinDesk)The spending happened on Sepolia, a separate network where developers rehearse Ethereum applications before launching them. Its tokens only pay for testing and aren't linked to the ether traded on Ethereum’s main network.
The deployment went through, and the wallet paid the fees. When the model reported back, it said the work was done and left out where the money came from. OpenAI said it has since added restrictions on internet access and more monitoring.
Crypto and AI companies are building agents that hold wallets and pay for services without a person signing off on each step.
OpenAI’s model ran out of money mid-task, found a wallet that wasn’t its own and spent from it without asking. Had it been on Ethereum’s main network, that would have been real ether taken from someone else’s account.
Držitelé STRK hlasují o dalším zkoumání možnosti, že se Starknet kvůli kvantovým rizikům oddělí od Etherea a stane se samostatným Layer 1. Hlasování není závazné.
The Starknet community is voting on whether to explore the possibility of an independent Layer 1 network due to quantum risks. The current vote is not binding.
Starknet, the second-layer network running on Ethereum, has opened a community vote on the possibility of becoming an independent Layer 1 blockchain. The seven-day vote gives STRK holders the option to support continued research, oppose it, or remain neutral until more information is provided.
The vote will close on October 22nd, and the results will be announced later. However, a positive outcome doesn’t mean Starknet will immediately separate from Ethereum. The current vote only gauges community opinion on the need for a more detailed technical and economic investigation of an independent network option.
A real transition will require the preparation of new technical proposals, the publication of a detailed roadmap, and additional governance votes. Currently, there is no set date for the transition.
StarkWare, the developer of Starknet, argues that a standalone Layer 1 option could enable faster implementation of quantum computing-resistant security systems. In its current configuration, Starknet performs transaction calculations on its own network but relies on Ethereum for key areas such as bridging, data accessibility, and ultimate security.
StarkWare CEO Eli Ben-Sasson believes the transition to quantum-resistant cryptography is urgent. In June, the company unveiled a three-phase roadmap aiming to make Starknet fully quantum-attack resistant by 2027. This plan includes updating signature systems, migrating smart contracts, and replacing infrastructure components tied to Ethereum.
Ethereum developers are also working on post-quantum security, but the first protocol-level protections are targeted for rollout in 2029. The central question is whether Starknet will wait for this timeline.
*This is not investment advice.
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V Thajsku vstoupila v platnost pravidla pro ETF na Bitcoin a Ethereum. Fondy musí pasivně sledovat jediné aktivum a udržovat alespoň 80% průměrnou čistou expozici vůči němu.
16 October 2026 | 12:21 Thailand’s crypto-ETF rules took effect on October 16, allowing local issuers to establish Bitcoin and Ethereum funds under new requirements for fund management, custody and Stock Exchange of Thailand trading.
Key Takeaways Bitcoin and Ethereum are the first assets eligible for Thai crypto ETFs. Funds must use a passive strategy and maintain at least 80% average net exposure. Underlying crypto must be held by an SEC-regulated custodian. Brokers cannot offer margin loans for crypto-ETF purchases. The rules do not announce a fund, ticker or first trading date. Before investors can buy a Thai crypto ETF, an issuer must still publish its prospectus, appoint service providers and complete the listing process.
Thailand’s full crypto-ETF rule package is now in force The Thai Securities and Exchange Commission’s October 8 announcement set out 11 notifications governing the creation and supervision of domestic crypto ETFs. The package covers fund structures, service providers, investor protections and the ability of Thai funds to invest in locally listed crypto ETFs.
It follows the earlier policy move that cleared the way for locally listed Bitcoin and Ether ETFs. The rules now define the route a fund manager must follow, but they do not establish that any issuer has completed it.
What a Thai Bitcoin or Ethereum ETF must look like During the initial phase, Bitcoin and Ethereum are the only eligible crypto assets. The SEC said it will determine any future additions by considering factors including liquidity, broad market acceptance, network security and investor protection.
Fund-design rule: Each crypto ETF must passively track a single eligible crypto asset and maintain average net exposure of at least 80% of its net asset value over each accounting year.
Crypto ETFs must list and trade exclusively on the Stock Exchange of Thailand (SET). Thai mutual funds and private funds may also invest in locally listed crypto ETFs, subject to their existing investment limits. Permission to invest does not require any fund manager to allocate capital.
The SEC has also limited certain foreign alternatives during the initial phase. Thailand will not permit locally issued depositary receipts referencing foreign crypto ETFs, while securities companies may not facilitate foreign crypto-ETF investments for clients who are neither institutional investors nor ultra-high-net-worth investors.
Who manages, safeguards and distributes a future fund? Investors in an ETF hold fund units rather than the underlying Bitcoin or Ethereum themselves. The framework therefore places obligations on the parties responsible for managing the fund, safeguarding its assets and providing trading access.
Participant Role in a crypto ETF Asset manager Establishes and manages the fund, with adequate staff, systems and service-provider arrangements. Digital-asset custodian Safeguards the underlying Bitcoin or Ethereum and must be regulated by the SEC. Mutual fund supervisor Oversees the fund under registration and readiness requirements specific to crypto ETFs. Securities broker Provides SET trading access and must obtain investors’ acknowledgement of product risks. Qualified digital-asset operators may apply to act as mutual fund supervisors, but eligibility to apply is not the same as being registered or appointed to a specific ETF. If a supervisor delegates safekeeping to a sub-custodian, the crypto assets must still be held by a licensed digital-asset custodian.
The SEC may allow qualified foreign custodians in future circumstances, but its October 16 rules do not provide unrestricted permission to use them. Asset managers that outsource digital-asset investment management must use a licensed digital-asset fund manager.
Investor access comes with risk checks and no margin loans Before trading a crypto ETF, investors must receive product-risk education and acknowledge their understanding of the risks. Brokers must also emphasise suitable allocation, concentrated digital-asset exposure and investment decisions that match an investor’s risk tolerance.
Securities companies cannot provide margin loans for crypto-ETF purchases. The restriction is designed to prevent broker-provided leverage from increasing an investor’s exposure to an already volatile asset class.
What must happen before investors can buy one Thailand’s rules enable an ETF launch process; they do not replace it. A prospective issuer must still complete SET’s ETF issuance and listing process and publish product-specific documents.
The first prospectuses and listing notices should identify the fund’s investment method, fee structure, custodian, fund supervisor, market-making arrangements, ETF symbol and trading date. SET’s broader ETF framework also covers disclosures around asset values, tracking information and the participants supporting trading liquidity.
October 16 establishes the legal route to a Thai Bitcoin or Ethereum ETF. A named issuer, published terms and confirmed SET listing will show when investors can actually trade one.
This article is provided for informational purposes only and does not constitute financial, investment or legal advice. Product availability depends on applicable approvals, offering terms and exchange listings.
Author
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
HOSKY today announces that its Doggie Bowl campaign was a major driver of Cardano’s new all-time records for transaction activity and network fees.
Following the completion of epoch 660, the network processed 1,780,896 transactions during the five-day period ending October 11 UTC,exceeding the previous record of 1,566,974 transactions set in November 2021 by 13.65 percent.
HOSKY reopened its Doggie Bowl token distribution mechanism on October 6 with the explicit goal of helping the network surpass previous transaction records. Participants sent 2 ADA to a designated address and received approximately 1.x ADA in return, along with a randomized allocation of HOSKY tokens.
Repeated participation, including automated activity, generated high volumes of both incoming payments and outgoing distributions. In some cases, single payout transactions served multiple recipients.
On October 8 UTC, Cardano processed 542,532 transactions, setting a new daily record. Peak throughput reached approximately 440 transactions per second. Total transaction activity during epoch 660 was 11.27 times higher than the preceding epoch. Transaction fees reached 337,720 ADA, exceeding the previous epoch fee record by 9.54 percent. These fees represent the amounts paid by participants to use the Cardano network.
The records cover activity over a five-day epoch, transactions within a UTC calendar day, and peak throughput. The transactions-per-second figure describes a brief peak rather than a sustained rate. Transaction totals measure overall ledger activity, including repeated participation, rather than unique users.
Transactions move assets, execute smart contracts, and create demand for blockspace. During the record-setting period, Cardano processed the increased activity on its production blockchain using infrastructure supported by developers and independent stake pool operators.
HOSKY previously helped drive Cardano’s record-setting activity during epochs 302 and 304 in November 2021. The latest campaign extends that involvement nearly five years after the original Doggie Bowl. Cumulatively, HOSKY-related activity accounts for more than 9 percent of all transactions recorded on Cardano since the blockchain’s inception.
This represents a long-term contribution across the network’s history, not solely the share generated during epoch 660. The project’s wider ecosystem involvement includes stake pool support, NFT initiatives, and community participation.
About HOSKY
HOSKY is a Cardano-native meme token launched in November 2021. Known for its satirical identity and its description of the token as worthless, the project operates Doggie Bowl distributions and community initiatives that support participation in the Cardano ecosystem.
For more information, visit hosky.io or join the community on Discord at discord.gg/hosky.
Media Contact Information
Hosky Media
[email protected]
HOSKY Announces Its Doggie Bowl Campaign Helped Drive Cardano to New Network Activity and Fee Records
HOSKY Announces Its Doggie Bowl Campaign Helped Drive Cardano to New Network Activity and Fee Records
Source: HOSKY
Saber Money has secured strategic funding from stablecoin issuer Tether and CMCC Global’s Titan Fund to expand its cross-border payment operations across Asia-Pacific and the Gulf region.
Summary
Tether and CMCC Global’s Titan Fund have invested in Saber Money to support its expansion across Asia and the Gulf region. Saber plans to secure new regulatory licenses and banking partnerships while developing payment services for businesses. The company reported more than sixfold growth in payment volumes over nine months, processing billions of dollars across more than 40 countries. Over 90% of Saber’s payments are completed in under one minute, according to the company. According to the company’s announcement, the investment will support new regulatory licenses, banking partnerships and payment products designed for businesses operating across emerging markets. Saber did not disclose the amount raised or the valuation attached to the funding.
The company plans to use the capital to strengthen its operations in existing markets while entering new payment corridors. Local banking relationships and regulatory approvals will be central to its expansion strategy, particularly in markets where international transfers remain costly or depend on several intermediaries.
Saber operates payment infrastructure that allows financial institutions, fintech companies and businesses to transfer funds internationally using stablecoins. Its services cover remittances, payroll and other business payments through application programming interfaces.
Saber Money plans new licenses and banking partnerships Saber currently holds licenses, registrations and authorizations across Canada, the European Union, India and Australia. Its corporate group operates Mudrex, an Indian cryptocurrency exchange.
Over the past nine months, the company said its payment volumes had grown more than sixfold, with billions of dollars processed across more than 40 countries.
More than 90% of its transactions are completed in under one minute, according to Saber. The company did not provide a detailed breakdown of payment volumes by market or disclose the average transaction size.
The expansion will focus partly on securing direct access to local banking networks. Such arrangements form part of Saber’s plan to improve settlement costs and offer payment services tailored to individual markets.
Saber CEO Edul Patel said the company was working to make stablecoin-based payment infrastructure available to businesses across Asia-Pacific and the Gulf, where demand for international transfers continues to grow.
The company intends to develop services for businesses paying overseas suppliers, managing corporate treasury operations and transferring working capital between countries.
Its existing infrastructure supports payments around the clock, allowing clients to initiate transfers outside conventional banking hours.
Tether investment supports emerging market payment infrastructure Tether CEO Paolo Ardoino described emerging markets as an important area for stablecoin payment adoption, pointing to Saber’s regulatory presence and access to financial systems across Asia and the Middle East.
Ardoino said stablecoin settlement could change the costs involved in international payments, particularly for businesses that rely on multiple financial intermediaries.
The investment comes alongside backing from CMCC Global’s Titan Fund, a Hong Kong-based investment vehicle focused on blockchain-related businesses.
Titan Fund co-founder and managing partner Shiau Sin Yen pointed to Asia’s role in international remittances, stating that the region contributes approximately 53% of global remittance flows.
Shiau cited projections that cross-border business-to-business stablecoin payments could reach $5 trillion by 2035. The announcement did not identify the underlying research behind that estimate.
Saber counts Y Combinator and Nexus Ventures among its existing investors, alongside Tether and Titan Fund.
In a separate investment announced on Oct. 13, Tether backed EFY Finance, a Latin American fintech company offering stablecoin payment services across 17 countries. EFY provides digital wallets, custody, payment cards and conversion services, with more than 25,000 accounts reported across its network.
Tether previously invested in LemFi in May 2026 to support USDT settlement for remittances between developed economies and markets in Africa and Asia, as crypto.news reported.
Corporate treasury payments have been another area of activity. In July, Hyundai Motor completed a $20,000 cross-border transfer between its American and Mexican operations using USDT on Avalanche. The payment settled in approximately seven minutes, with the receiving company converting the stablecoins back into conventional currency.
Asia and Gulf payment corridors attract stablecoin providers Asia accounts for roughly 35% of global payment flows, according to figures cited in Saber’s announcement. South Asia and East Asia and the Pacific collectively receive more than $1 trillion annually, while the United Arab Emirates recorded approximately AED 188 billion in outbound remittances in 2025.
The company identified international trade, migration and digital commerce as factors supporting demand for payment services in the two regions.
Other payment infrastructure companies have been raising capital to serve similar markets. In September, Fin.com secured $20 million in seed funding to develop stablecoin payment services across South Asia, Africa and the Middle East.
Fin.com said its infrastructure supported more than 40 currencies and payouts across over 30 countries, with services designed to move stablecoins into local bank accounts and digital wallets.
Local currency settlement remains an operational challenge for payment providers. In August, Gravity Team CEO Mārtiņš Beņķītis said stablecoin transfers could be completed within seconds, but converting the funds into local currencies still required banking connections and sufficient liquidity in individual markets.
Gravity Team subsequently introduced an institutional trading desk offering same-day fiat settlement in more than 20 currencies, subject to local banking conditions.
Saber has not announced which countries it will enter next, the specific licenses it intends to seek or a launch schedule for its planned B2B payment products.
Gold is being influenced simultaneously by demand for safe-haven assets, expectations for Federal Reserve interest rates and US dollar movements. In the short term, it matters whether fresh US inflation data prompt a more hawkish stance from the US central bank.
Uncertainty remains over the Fed’s next move. US inflation accelerated to 3.7% year-on-year in September, while core inflation stood at 2.6%. Meanwhile, Fed Chair Kevin Warsh gave no clear signal of another rate hike in October, easing investors’ concerns about further tightening.
Tensions in the Middle East and concerns over public finances are supporting demand for safe-haven assets. At the same time, rising oil prices could sustain inflationary pressures and complicate any move by central banks towards policy easing.
The fundamental backdrop for XAU/USD on 16 October is mixed. A weaker US dollar, lower bond yields and ETF demand support gold, while rising US inflation and the risk of a Fed rate hike limit further gains. The focus remains on fresh signals from the Fed and movements in government bond yields.
Technical analysisOn the H4 chart, gold completed a downward wave at 4,071 USD before forming an upward correction towards 4,184 USD. The market is currently continuing to consolidate below resistance at 4,231 USD. The main trend remains downward, but local structure allows the next upward move towards 4,220 USD. A close above this level would open the way for a move towards 4,231 USD. A break below the range would open the way for a decline towards support at 4,123 USD, with scope for the downward wave to continue towards 4,060 USD and 4,022 USD. The MACD indicator shows recovering positive momentum, but the signal line remains below zero, indicating that the current rise is corrective.
On the H1 chart, the market broke above 4,145 USD and developed upward momentum towards resistance at 4,185 USD. The price is now consolidating near 4,175 USD while attempting to continue higher. A close above 4,185 USD would open the way towards 4,220 USD, where buyers are expected to face a test. An alternative scenario envisages a return to 4,145 USD, followed by a decline towards 4,123 USD. A break below this support would increase the likelihood of a downward wave developing towards 4,060 USD. The Stochastic oscillator’s signal lines are above 50 and pointing up, confirming buyers’ short-term advantage. At the same time, the indicator’s approach to overbought territory increases the likelihood of a short-term correction before the next move. The priority scenario remains a test of the upper boundary of the current range, followed by an assessment of the market’s reaction to resistance.
ConclusionGold is navigating a mixed backdrop shaped by safe-haven demand, Fed uncertainty and US dollar movements. While US inflation accelerated to 3.7% in September, Fed Chair Warsh’s lack of a clear signal on an October rate hike has eased concerns about further tightening, supporting gold. A weaker US dollar, lower bond yields and ETF demand further support the metal, though rising oil prices and lingering inflation risks limit further gains. Technically, gold is in an upward correction within a broader downtrend, with resistance at 4,185 USD and 4,220 USD, and support at 4,145 USD and 4,123 USD. A break above resistance could open the way towards 4,231 USD, while a break below support would open the way towards 4,060 USD and 4,022 USD. The near-term direction will depend on Fed signals and movements in bond yields.
The USD/CHF pair attracts some follow-through selling for the second straight day on Friday, extending this week's retracement slide from the 0.8400 neighborhood, or the highest since May 2025. The downward trajectory drags spot prices below mid-0.8200s, or a two-week low during the first half of the European session, and is sponsored by a broadly weaker US Dollar (USD).
Despite hot US inflation figures, investors seem convinced that the Federal Reserve (Fed) will keep rates unchanged at the next policy meeting, later this month. Expectations were reaffirmed by Fed Chair Kevin Warsh's neutral remarks earlier today, which, along with the recent sharp decline in US bond yields, dragged the USD to a one-and-a-half-week low and exerted some downward pressure on the USD/CHF pair.
Market participants, however, are still pricing in over a 90% chance that the US central bank will raise borrowing costs again at its December policy meeting amid inflation risks stemming from volatile energy prices. Apart from this, persistent geopolitical uncertainties due to escalating tensions in the Middle East and the US-Iran standoff over the Strait of Hormuz could limit USD losses and support the USD/CHF pair.
From a technical perspective, the recent repeated failures to conquer the 0.8400 mark and the subsequent corrective slide warrant some caution for bullish traders. Spot prices, however, hold marginally above the 200-period Simple Moving Average (SMA) on the 4-hour chart, at 0.8235, which offers initial trend support, while the 38.2% Fibonacci retracement at 0.8230 could act as a key pivotal point for the USD/CHF pair.
Meanwhile, momentum indicators remain weak, with the Relative Strength Index (RSI) hovering near 34 and the Moving Average Convergence Divergence (MACD) below zero with a negative histogram. This suggests that selling pressure still dominates despite the nearby moving-average floor, though a sustained break and acceptance below the 0.8235-0.8230 confluence is needed to back the case for further losses.
The USD/CHF pair might then fall to a lower structural cushion at the 38.2% Fibo. retracement near 0.8223, where buyers could attempt to slow the decline. On the topside, a recovery would need to overcome the 23.6% retracement at 0.8289 to ease bearish pressure and open the way for a more meaningful corrective bounce.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Swiss Franc FAQs The Swiss Franc (CHF) is Switzerland’s official currency. It is among the top ten most traded currencies globally, reaching volumes that well exceed the size of the Swiss economy. Its value is determined by the broad market sentiment, the country’s economic health or action taken by the Swiss National Bank (SNB), among other factors. Between 2011 and 2015, the Swiss Franc was pegged to the Euro (EUR). The peg was abruptly removed, resulting in a more than 20% increase in the Franc’s value, causing a turmoil in markets. Even though the peg isn’t in force anymore, CHF fortunes tend to be highly correlated with the Euro ones due to the high dependency of the Swiss economy on the neighboring Eurozone.
The Swiss Franc (CHF) is considered a safe-haven asset, or a currency that investors tend to buy in times of market stress. This is due to the perceived status of Switzerland in the world: a stable economy, a strong export sector, big central bank reserves or a longstanding political stance towards neutrality in global conflicts make the country’s currency a good choice for investors fleeing from risks. Turbulent times are likely to strengthen CHF value against other currencies that are seen as more risky to invest in.
The Swiss National Bank (SNB) meets four times a year – once every quarter, less than other major central banks – to decide on monetary policy. The bank aims for an annual inflation rate of less than 2%. When inflation is above target or forecasted to be above target in the foreseeable future, the bank will attempt to tame price growth by raising its policy rate. Higher interest rates are generally positive for the Swiss Franc (CHF) as they lead to higher yields, making the country a more attractive place for investors. On the contrary, lower interest rates tend to weaken CHF.
Macroeconomic data releases in Switzerland are key to assessing the state of the economy and can impact the Swiss Franc’s (CHF) valuation. The Swiss economy is broadly stable, but any sudden change in economic growth, inflation, current account or the central bank’s currency reserves have the potential to trigger moves in CHF. Generally, high economic growth, low unemployment and high confidence are good for CHF. Conversely, if economic data points to weakening momentum, CHF is likely to depreciate.
As a small and open economy, Switzerland is heavily dependent on the health of the neighboring Eurozone economies. The broader European Union is Switzerland’s main economic partner and a key political ally, so macroeconomic and monetary policy stability in the Eurozone is essential for Switzerland and, thus, for the Swiss Franc (CHF). With such dependency, some models suggest that the correlation between the fortunes of the Euro (EUR) and the CHF is more than 90%, or close to perfect.
Azenta, Inc. (NASDAQ:AZTA – Get Free Report) has been given an average recommendation of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $41.20.
A number of analysts have issued reports on AZTA shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $37.00 target price on shares of Azenta in a research note on Monday, September 14th. Wall Street Zen upgraded Azenta from a “hold” rating to a “buy” rating in a report on Saturday, October 10th. Finally, Weiss Ratings raised shares of Azenta from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th.
View Our Latest Research Report on Azenta
Hedge Funds Weigh In On Azenta Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Azenta in the 2nd quarter valued at approximately $192,152,000. Conestoga Capital Advisors LLC increased its holdings in shares of Azenta by 116.1% during the 1st quarter. Conestoga Capital Advisors LLC now owns 2,844,546 shares of the company’s stock worth $60,105,000 after buying an additional 1,528,145 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Azenta by 16.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,613,914 shares of the company’s stock valued at $34,183,000 after buying an additional 225,867 shares during the period. Front Street Capital Management Inc. purchased a new stake in shares of Azenta during the 2nd quarter valued at approximately $33,212,000. Finally, American Capital Management Inc. raised its position in shares of Azenta by 26.9% during the 1st quarter. American Capital Management Inc. now owns 1,296,024 shares of the company’s stock valued at $27,385,000 after buying an additional 274,588 shares during the period. 99.08% of the stock is currently owned by institutional investors and hedge funds. Azenta Price Performance AZTA opened at $36.52 on Tuesday. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -13.23 and a beta of 1.52. The company’s 50 day simple moving average is $34.14 and its two-hundred day simple moving average is $27.40. Azenta has a 1-year low of $15.93 and a 1-year high of $46.41.
Azenta (NASDAQ:AZTA – Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.05. The business had revenue of $161.18 million during the quarter, compared to analyst estimates of $149.31 million. Azenta had a positive return on equity of 1.18% and a negative net margin of 20.63%.
About Azenta (Get Free Report)
Azenta, Inc (NASDAQ: AZTA) is a life sciences company that provides products and services for the management, storage, and analysis of biological and chemical samples. Its offerings support pharmaceutical and biotechnology companies, academic and government research institutions, clinical research organizations, and other laboratories.
The company’s products include automated sample storage systems, laboratory automation equipment, sample-management software, consumables, and cold-storage solutions designed to preserve and track biological materials.
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Tencent (0700.HK) said on Friday that AI agents used to evaluate third-party models displayed web-browsing behavior not intended by the tech giant, in what appears to be the first known incident of rogue agent actions acknowledged by a major Chinese company.
The statement followed a report by AI-safety research group Swarmchasers on Wednesday, which said "rogue" agents running on infrastructure it linked to Tencent Cloud made repeated attempts between September 28 and October 8 to retrieve information from Alibaba's (9988.HK) Amap, China's equivalent to Google Maps.
Tencent Hunyuan, the company's artificial intelligence unit, said in a post on X that the activity did not originate from its Hunyuan models. Its review found no evidence of deliberate targeting or coordination, it said.
The Swarmchasers researchers said the agents sought information such as the commonly used entrances at Chinese parks, museums and zoos.
The actions are not as egregious as those disclosed by US AI companies which include the hack of open-source platform Hugging Face by an OpenAI agent and the lodging of a fake homicide tip by an Anthropic agent.
But the disclosure underscores research that shows Chinese AI agents can also misrepresent their identity, conceal failures and try to circumvent testing controls.
Tencent said it took the findings very seriously and was strengthening network access controls and agent monitoring.
Hunyuan is one of China's leading AI model developers, competing with in-house teams at rivals such as Alibaba and ByteDance. ByteDance this week announced the creation of a new unit focused on AI model and agent safety.
Swarmchasers said it used the word "rogue" to describe agents taking actions outside their intended scope or completing a task in unintended ways.
After routine automated requests were blocked, the agents tried other methods, including public web tools that could open pages and run code, routing requests through other websites and using Amap keys and security codes found in publicly available software code.
Swarmchasers said it found no evidence that the agents breached Amap's main anti-bot safeguards. Most of the 2,818 attempts it recorded either failed or returned anti-bot pages, login screens or blank results.
Some requests returned information through cached pages and intermediary services, including data on visitor arrivals at Chengdu Zoo, Swarmchasers said. The researchers said they could not determine whether an agent read the result or completed its task.
NEAR Protocol spustil výnosové fondy v SOL prostřednictvím anonymních účtů, které Gauntlet nasadil na platformě Kamino. Vklady nemají dobu uzamčení a lze je kdykoli vybrat.
NEAR Protocol has announced support for earning SOL yields via secret accounts. Users deposit funds into vaults, which remain unaware of their addresses. The product features no lock-up period, allowing users to redeem or withdraw funds at any time. The relevant vaults are deployed on Kamino by Gauntlet.
Relevant content
UMX officially launched today, supporting Hong Kong and US stock trading, and rolling out the industry’s first crypto-collateralized stock trading service.
Crypto-friendly securities platform UMX, incubated by Avenir Group, announced its official launch and full open registration. Since the public beta kicked off on August 10, UMX has collected 788 product feedbacks, with 89 demands incorporated into the official version, completing a practical validation round rooted in real use scenarios and user needs. It is reported that UMX stems from the cross-asset management practice of Li Lin’s family office team. To break down barriers between crypto assets and securities, UMX has built a unified trading system covering all categories of Hong Kong and U.S. stocks as well as crypto assets. The platform adopts cross-asset unified margin, flexible transfers, and the industry-first "hold-assets-for-credit" stock purchasing mechanism, enabling users to directly access purchasing power for Hong Kong and U.S. stocks without selling their crypto assets, realizing the function of "buying stocks via credit based on held assets". During the launch period, UMX is running a "Grand Opening Triple Rewards" campaign: users who meet wealth management targets will receive the latest iPhone Duo, earn UMX points for trading activities, and new users can get up to 100 USDT in bonus rewards.
2 minutes ago
A crypto whale has opened a 15x short position on ETH, with the position value reaching 18.05 million USD.
According to TradingBeats' monitoring, Hyperliquid address 0xd7b8…9f55 currently holds around 7,351 ETH short positions, using 15x full-margin leverage. The position is valued at approximately $18.05 million, with an unrealized loss of roughly $27,000. The average entry price of the position is about $2,452.59, and its liquidation reference price is around $2,695—roughly 9.8% higher than the current mark price. Trading statistics indicate that this address has previously accumulated a profit of approximately $2.51 million from ETH trades.
2 minutes ago
A trader holds a long position worth $11.2 million in HYPE, with an unrealized profit of approximately $58 million.
According to SpotOnChain’s monitoring, Hyperliquid trader watershedpath holds a $11.2 million long HYPE position with 5x leverage, generating an unrealized profit of approximately $58 million. The position’s average entry price is $38.68, while HYPE currently trades at $81.38—nearly doubling since entry—and the trader has held the position without taking profits. This is one of the largest single-sided HYPE positions on Hyperliquid, with the trader’s total profit on the platform exceeding $50 million.
2 minutes ago
Li Lin-backed crypto-friendly securities platform UMX officially launches.
Cryptocurrency-friendly securities platform UMX (The Unified Market Exchange), incubated by Li Lin’s Avenir Group, announced its official launch. Since the start of its public beta on August 10, UMX has received a total of 788 product feedbacks, with 89 demands implemented in the official version. Positioned as a crypto-friendly securities platform for global professional investors, UMX’s core offerings include real Hong Kong and US stocks, ETFs, US stock options and crypto asset trading. It is designed to address issues such as digital and securities assets being segregated in different account systems, complex cross-market allocation processes, and scattered purchasing power. Users can trade real securities and crypto assets under a unified account system, flexibly transfer funds between securities, crypto assets and fiat currencies, and access unified margin for cross-asset operations.
2 minutes ago
Japan's three major banks jointly complete empirical test for the joint issuance and cross-border payments of yen stablecoin.
Mizuho Bank, MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC), MUFG Trust Bank, and TISI announced that they have completed a joint multi-bank stablecoin issuance and cross-border payment pilot program from July 17 to 23, 2026. The project is supported by Japan’s Financial Services Agency (FSA)’s Fintech Pilot Center Payment Innovation Program (PIP). The three banks acted as co-principals, with MUFG Trust Bank serving as trustee. Under the trust agreement, the stablecoin was issued as a specific trust beneficial right per Japan’s Funds Settlement Act, using cross-border settlements between Mitsubishi Corporation’s Japanese and overseas bases as the use case to verify regulatory compliance and operational feasibility. All parties confirmed the system’s security and the viability of the multi-bank issuance model, and completed end-to-end verification of the stablecoin’s issuance, transfer, and redemption processes. The three banks previously stated plans to launch live transactions within the 2026 fiscal year, and established a joint discussion committee. With deposits as reserves and circulation limited to bank-verified users as core design premises, they will continue advancing the implementation of stablecoins and on-chain finance.
2 minutes ago
OpenAI upgrades GPT-Live-1.1: adds 13 new voices and reduces repetitive utterances of "checking in progress"
Beating AI News Flash: OpenAI has launched its new real-time voice model GPT-Live-1.1, along with a lightweight version, GPT-Live-1.1 Quip. The update adds 13 new voices covering languages including French, German, Hindi, Japanese, Korean and Mexican Spanish, plus an English voice named Bubbie. OpenAI states that the new version improves multilingual accents to make voice conversations more natural. The AI also no longer repeats fixed phrases such as "Checking" when searching for information, and task handoffs to other models are now smoother. GPT-Live-1.1 will be the default voice model for Plus and higher-tier subscribers, while other users will default to Quip. The update is rolling out to ChatGPT, Codex and dots, with API access to be opened later.
USD/CAD klesl pod 1,4200 a obchoduje se kolem 1,4166; kanadský dolar podporují vyšší ceny ropy, zatímco USD oslabuje v důsledku nižších výnosů amerických dluhopisů.
The Canadian Dollar (CAD) maintains its firm tone on Friday, buoyed by elevated Oil prices, while the US Dollar (USD) struggles amid lower US Treasury yields and dovish comments by Fed speakers. The USD/CAD pair trades at session lows just below 1.4170, under growing bearish pressure, after breaching the 1.4200 support area on Thursday.
US producer inflation data released on Thursday confirmed that price pressures remain high, and Retail Sales beat expectations. The impact of these releases on the US Dollar, however, was limited, as Federal Reserve (Fed) officials suggested earlier this week that the bank will stand pat on rates in October to assess the impact of September’s interest rate hike.
The Federal Reserve Chairman, Kevin Warsh, spoke at the International Monetary Fund (IMF) forum in Bangkok earlier on Friday but failed to give any clear hints about the timing of the next rate hike.
Bank of Canada (BoC) Governor, Tiff Macklem, also speaking at the IMF forum, highlighted that the BoC is one of the few major central banks lagging in the global monetary tightening cycle, but that "the longer this goes, the harder that gets,” opening the door for an interet rate hike in the coming months.
Technical Analysis: bears are testing support at 1.4160
USD/CAD trades at 1.4166, retaining a mildly negative tone with bears testing support around the 1.4155 area. The 4-hour Relative Strength Index (14) near 35 suggests waning upside momentum, while the Moving Average Convergence Divergence (MACD) remains negative, reinforcing the idea that rebounds are likely to struggle beneath the 1.4200 level.
If the mentioned 1.4155 (September 29 high, October 2 low) gives way, sellers are likely to be attracted by the 38.2% Fibonacci retracement of the September-October rally, in the 1.4100 area.
Upside attempts, on the contrary, are likely to be tested at the previous support area around 1.4200 (October 6, 9 and 13 lows). Above here, the focus would shift back to the 17-month highs around 1.4300, which have capped bulls several times in October
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Canadian Dollar Price Today
The table below shows the percentage change of Canadian Dollar (CAD) against listed major currencies today. Canadian Dollar was the strongest against the Japanese Yen.
USDEURGBPJPYCADAUDNZDCHFUSD-0.18%-0.28%0.05%-0.13%-0.56%-0.78%-0.22%EUR0.18%-0.12%0.20%0.03%-0.37%-0.62%-0.05%GBP0.28%0.12%0.32%0.17%-0.27%-0.49%0.07%JPY-0.05%-0.20%-0.32%-0.16%-0.59%-0.79%-0.26%CAD0.13%-0.03%-0.17%0.16%-0.42%-0.70%-0.10%AUD0.56%0.37%0.27%0.59%0.42%-0.23%0.36%NZD0.78%0.62%0.49%0.79%0.70%0.23%0.59%CHF0.22%0.05%-0.07%0.26%0.10%-0.36%-0.59%
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Canadian Dollar from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent CAD (base)/USD (quote).
Solana čelí tlaku poté, co zářijová meziroční inflace v USA dosáhla 3,7 %; objem transakcí klesl na 20,25 milionu USD a počet denně aktivních adres na 3,74 milionu.
Solana [SOL] has extended its bearish run following Wednesday’s broader crypto market sell-off, triggered by hotter-than-expected U.S. inflation data.
According to the release, September’s Consumer Price Index (CPI) rose 3.7% YoY, exceeding the 3.6% forecast and increasing concerns about interest rates remaining elevated. As a result, treasury yields climbed while the U.S. dollar strengthened, adding pressure to risk-sensitive assets.
The macroeconomic pressure is coinciding with weakening activity across Solana’s ecosystem. DeFi tokens operating in the ecosystem have also dropped significantly. Jupiter [JUP] and Raydium [RAY] are the top losers, with each token’s price dropping by 9.4% and 10.6%, respectively.
The network’s transaction volume has reportedly fallen to its weekly lowest while daily active addresses have also declined, suggesting investors are becoming more cautious following the inflation report.
Network activity signals caution
Solana’s reported transaction-volume metric has fallen to $20.25 million, while daily active addresses have also retreated to just 3.74 million addresses.
These declines could indicate weakening participation as traders respond to the macroeconomic uncertainty. However, its developments as the price action remains tied with the demand zone should be examined further.
A continued decline in active addresses and transaction activity would strengthen concerns about weakening ecosystem demand.
Source: Santiment
Can SOL bulls reverse the downtrend?
As it stands, the combination of macroeconomic pressure and weakening network indicators presents a challenging backdrop for SOL. The impacts of the weakening on-chains and fundamentals are already evident on the daily chart.
SOL’s price action just invalidated a key ascending trendline support at around $111 a few days ago. The token is now trading below both its 20-day and 50-day EMA at $103, and a drop past the $100 psychological level could amplify the current bearish push.
Source: TradingView
A recovery in broader market sentiment, accompanied by renewed network activity, could help buyers stabilize price action. Conversely, persistent selling pressure and further declines in ecosystem participation could prolong the correction.
SOL’s near-term outlook will depend on whether buyers return as macroeconomic uncertainty weighs on crypto markets.
Final Summary
SOL extended its bearish run after September U.S. inflation rose to 3.7% annually, above the 3.6% forecast.
Solana’s declining transaction volume and daily active addresses signal a weaker participation as investors and traders shy off.
Solana na poslední chvíli odložila akci Solana Accelerate China v Šanghaji poté, co se podle příspěvků na sociálních sítích u místa konání objevila policie.
Solana, which operates one of the world’s largest cryptocurrencies, has cancelled a high-profile event in Shanghai at the last minute as local police appeared on site, according to social media posts, just a day after the firm touted the opening of a fancy new office in the city.
Solana was slated to host its Solana Accelerate China event in Shanghai on Friday morning, part of a week-long event across major cities in mainland China. Shortly before the event kicked off, however, the company said in an email update to attendees that the programme had to be “postponed” due to “last-minute logistical considerations”, according to screenshots circulating on social media.
Social media posts also indicated that a few local police officers showed up at the event venue. Solana did not immediately respond to a request for comment.
The abrupt suspension of the event followed a splashy marketing campaign in the city earlier this week, which raised questions about how the company was able to do so amid Beijing’s strict ban on crypto-related business activities.
Trh tokenizovaných reálných aktiv na Solaně dosáhl 4,3 miliardy USD, což představuje více než šestinásobný nárůst oproti zhruba 700 milionům USD před rokem.
Solana’s RWA market surged to $4.3 billion, growing more than sixfold in one year. Tokenized U.S. Treasuries account for roughly 35% of Solana’s RWA market. Coinbase tokenized stocks on Base reportedly reached $2.8 billion in cumulative DEX volume. Solana led 30-day application revenue at $193.1 million, largely driven by consumer trading. Solana’s real-world asset (RWA) market has reached approximately $4.3 billion, narrowing its gap with Ethereum as tokenized government securities, equities and credit products attract more capital to blockchain-based financial infrastructure.
The increase from roughly $700 million a year earlier represents more than sixfold growth, according to an October 15 Castle Labs research report. Ethereum’s comparable market expanded from $15.5 billion to $16.6 billion, leaving Solana at approximately 26% of Ethereum’s RWA value, compared with 4.5% previously.
Meanwhile, activity in tokenized equities is accelerating beyond Solana. A Coinbase-branded chart shared on October 16 shows approximately $2.8 billion in cumulative decentralized exchange trading volume for Coinbase-issued tokenized stocks on Base.
Together, the developments reveal two distinct parts of the tokenization market: the growing value of assets issued onchain and the infrastructure emerging to trade them.
Treasury Products Account for a Significant Share of Solana’s Growth Solana’s expansion is not driven exclusively by tokenized stocks.
Data attributed to RWA.xyz in the Castle Labs analysis places tokenized U.S. Treasury products at approximately $1.52 billion, representing around 35% of Solana’s reported RWA market.
That composition matters because Treasury-backed products have different economic characteristics from tokenized equities. Their returns are generally linked to underlying short-term government securities, rather than corporate earnings or stock price appreciation.
The remaining RWA market includes other tokenized financial instruments, such as equities and credit products.
RWA Market Comparison TOKENIZED ASSET MARKET
Solana’s RWA Market Expands Rapidly
Approximate RWA value in USD
Solana
$4.3B
+$3.6B in one year
Ethereum
$16.6B
+$1.1B in one year
Solana value relative to Ethereum
26%
Previously 4.5% · Latest 26%
Source: Castle Labs, October 15, 2026. Rounded figures.
Solana added approximately $3.6 billion in RWA value over the period, more than three times Ethereum’s net increase in dollar terms.
However, the figures describe assets represented on each network, not necessarily fresh investment inflows.
Changes in tokenized asset value can also reflect issuance, redemptions, price movements and transfers between blockchain ecosystems.
This distinction is particularly relevant for institutions evaluating where to issue financial products. A growing tokenized asset base demonstrates infrastructure adoption, but secondary-market liquidity determines how easily investors can enter or exit positions.
Coinbase’s $2.8 Billion Trading Figure Raises a Different Question Coinbase’s tokenized equity activity provides a useful contrast.
The company’s tokenized stock products are issued on Base, its Ethereum layer-2 network, and are designed to provide eligible investors with economic exposure to listed equities.
According to Coinbase’s official product documentation, the tokens are backed one-for-one by underlying shares held in custody and can be used within supported decentralized finance applications.
Token Terminal reported in X $2.8 billion in cumulative DEX trading volume indicates substantial transaction activity, but it does not reveal how widely ownership is distributed.
Cumulative DEX volume for Coinbase-issued tokenized stocks reaches ~$2.8B
Tokenized stock trading generates transaction fee revenue for Coinbase today, while securities lending income & DEX trading fees represent potential future revenue sources https://t.co/aiEY7L5VQe
— Token Terminal 📊 (@tokenterminal) October 15, 2026
An October 5 Bitquery investigation provides a more detailed view. Researchers tracked $1.45 billion in trading volume during the 30 days ending October 4 and found that three wallet groups accounted for 67% of transactions.
One group of 108 wallets represented 37% of trading activity and consistently settled transactions with an address Bitquery identified as associated with Wintermute.
The analysis also found that Coinbase’s tokenized equities generally traded within 0.09% of their underlying share prices during U.S. market hours.
This points to an important market structure issue. Professional liquidity providers can generate substantial trading turnover while helping prices remain closely aligned with underlying securities.
For investors, tight pricing may improve execution. For market observers, however, it means headline trading volume should not automatically be interpreted as broad retail adoption.
Coinbase’s chart identifies transaction fees as an existing revenue source, with securities lending and additional DEX fees presented as potential future opportunities.
Tokenized Securities Are Moving Into Lending Markets The growing integration of RWAs into decentralized lending represents another development beyond issuance and trading.
On Solana, platforms such as Kamino and Jupiter Lend allow supported assets to serve as collateral, potentially enabling investors to borrow against tokenized holdings rather than selling them.
For example, an eligible investor holding $10,000 of accepted tokenized securities could potentially borrow stablecoins against that position, subject to the protocol’s collateral requirements.
If the applicable maximum loan-to-value ratio were 60%, the theoretical borrowing limit would be $6,000. That is an illustration, not a verified lending parameter for any specific token.
The position would remain exposed to changes in collateral value, interest rates and liquidation thresholds. Investors would also need to consider whether the tokenized security can be redeemed or transferred during periods of market stress.
These constraints help explain why RWA market capitalization does not automatically translate into equivalent decentralized lending activity.
Castle Labs’ broader RWA research found that access controls, identity verification and redemption restrictions continue to limit the proportion of tokenized assets actively deployed in DeFi.
Application Revenue Shows Where Solana Still Depends on Speculation Solana’s application ecosystem generated $193.1 million in revenue over the preceding 30 days, ahead of Hyperliquid and Ethereum in the networks compared by Castle Labs.
However, roughly 80% came from consumer applications, including token launchpads and trading platforms, rather than RWA-related financial services.
PumpFun contributed approximately $39 million. Castle Labs also found that the three largest consumer applications accounted for 50.2% of category revenue in the third quarter of 2026, down from 64% in the fourth quarter of 2025.
REVENUE COMPARISON
Application Revenue
Trailing 30 days · USD millions
Solana$193.1M
Hyperliquid$86.5M
Ethereum$53.8M
Source: Castle Labs, October 15, 2026. Bars scaled relative to Solana. Revenue classifications follow the report.
The revenue breakdown exposes a challenge for Solana’s institutional finance ambitions. Its RWA market is expanding quickly, but speculative consumer activity remains the dominant source of application income.
For tokenized finance to become a more substantial revenue contributor, the ecosystem will need more than additional asset issuance. It will require recurring trading, lending and settlement activity that can persist through weaker cryptocurrency market conditions.
What Would Confirm a More Mature RWA Market? Castle Labs estimates that more than $500 million in active RWA value is deployed across Solana DeFi protocols, representing approximately 8% of the network’s net total value locked.
The next indicators to watch are the proportion of tokenized securities used as collateral, the distribution of trading activity across participants and the ability of lending markets to maintain liquidity during periods of volatility.
Those measures would provide a clearer picture of whether tokenization is developing into a functioning financial market rather than primarily increasing the value of assets recorded onchain.
Alexander Zdravkov is a crypto journalist and market analyst specializing in digital assets, blockchain technology, and the rapidly evolving cryptocurrency market. He entered the industry more than four years ago, drawn to the speed of innovation in crypto and the potential of blockchain-based financial systems to reshape traditional markets. His work focuses on understanding the forces behind crypto market movements, from Bitcoin and altcoin cycles to institutional adoption, regulation, exchange-traded products, stablecoins, DeFi, and emerging blockchain ecosystems. Rather than simply following price action, Alexander looks at liquidity, investor positioning, market structure, and macroeconomic conditions to identify developing trends and explain what they could mean for digital assets. With a degree in International Relations, he brings a broader perspective to cryptocurrency coverage by connecting developments in the sector with monetary policy, geopolitics, regulation, and global capital flows. This allows him to examine crypto not as an isolated market, but as an increasingly interconnected part of the global financial system. Over the course of more than five years in financial journalism, Alexander has written over 5,000 articles covering cryptocurrencies, blockchain, traditional markets, and the global economy. His reporting spans Bitcoin, Ethereum and altcoins, DeFi protocols, institutional crypto adoption, regulation, market infrastructure, security incidents, and major developments shaping the wider digital asset industry. His approach is centered on giving readers context behind the numbers and headlines, explaining not only what is happening in crypto markets, but why it matters and what could come next.
Spout Finance has secured $2 million in funding to develop its interest-free USDC lending initiative for tokenized equities.
The platform’s margin loans are set at a 50% loan-to-value, can be stretched to multiple years, and users get to retain the ownership and subsequent income accrued on their stock.
Lender yield is funded by systematic covered call premium written against that collateral rather than by a rate spread charged to the borrower.
Spout beta is currently running on Solana devnet at beta.spout.finance, and interested users can sign up for access to the upcoming private beta launch.
Spout Finance has raised $2 million in a fundraising campaign to democratize prime brokerage with zero-interest lending against tokenized equities.
Participants in the round included Draper Dragon, Anchorage Digital, Flow Traders, Taisu Ventures, Vessel Capital, Solayer, 2Square Capital, and Bering Waters Ventures, with strategic backing from Solana Labs.
Why Spot Finance is loaning tokenized equities
In the current traditional financial system, a share-collateralized loan attracts punitive interest rates. For instance, at Charles Schwab, the base interest rate is 10.25%. Meanwhile, the interest rate for borrowing against your shares in the company, or even those in Fidelity Investments, is 12.075% for a margin under $25,000. Vanguard Group’s rate is higher at 12.25%, while E*TRADE Financial Holdings charges even more at 12.70%.
On top of that, these rates are tiered such that higher loans attract lower interest rates and smaller debts pay the highest rates. With the Federal Funds Rate placed at just 3.88%, these institutions benefit highly from the huge difference between those figures.
Additional profits for these institutions comes from securities lending programs, which allow brokerages to loan out your shares to other market players. Interactive Brokers retains 50% of the gross revenue generated from this model, while Robinhood retains a massive 85%.
Historically, private banks have offered friendlier interest rates on securities-backed lending but with certain stringent conditions. Private bank customers have to achieve a relationship minimum of $5 million or more in assets under management (AUM) to enjoy a leaner 4-6% loan interest rate. This feat proves hard for most people to achieve, pushing them outside of the relationship bracket where they accrue even harsher tax interest rates of 12%.
What Spout Finance does differently
This is where Spout Finance comes in. Contrary to the above institutions, Spout lets users collateralize their digital US equities to borrow USDC at a 50% loan-to-value (LTV).
Best of all is the 0% interest rates, which applies for as long as the loan exists. The reason behind this incredibly low interest rate is that Spout’s lenders earn from the premiums resulting from the weekly far out-of-the-money (OTM) covered calls made on the collateral. Meanwhile, users enjoy friendly loans and get to keep any income that their shares may generate.
More importantly, Spout enables multi-year loans without interest rates crippling users’ portfolios. Current equities-backed lending is only useful in the short term because over a long time the daily charges become too expensive for long-term debtors to cover. Spout not only serves both kinds of users interest-free, it also enables them to retain ownership of their stakes rather than dispose of them for cash.
As Chris Giancarlo, former Chairman of the CFTC and an angel investor in Spout explained, “Spout lets individuals put up tokenized shares of stock as collateral for margin loans without paying interest. Spout covers its costs in a different way: by selling options contracts tied to the pledged shares, and the fees it collects from selling those options pay for the loan instead of the borrower. That is prime brokerage economics made available to individuals. It is why I have invested in the company and serve as a strategic advisor.”
Samiz Bayan, partner at Draper Dragon, added, “Tokenizing a stock is only the first step. What gives it value is what you can do with it afterward. Spout offers holders the kind of borrowing that used to sit behind private bank minimums, and funds it from the portfolio itself.”
At the moment, Spout is running in beta on Solana devnet at beta.spout.finance. Those interested can sign up for access to the upcoming private beta launch by messaging @0xmryan or @SpoutFi on X.
Notably, capital raised in the latest round will be allocated to expanding the Spout team. Funds will also be channeled towards developing a credit layer that connects issuers, exchanges, and wallets.
Investors and advisers
Other than the investing entities listed above, Spout is proud to have received the critical backing and strategic support of a stellar group of angel investors including Solana Labs co-founders Anatoly Yakovenko and Raj Gokal.
Another is J. Christopher Giancarlo, the 13th Chairman of the US Commodity Futures Trading Commission (CFTC), and Spout’s regulatory and policy advisor. Giancarlo is also a board member of Nomura, Paxos, and Digital Asset Holdings, the chair of Polymarket’s advisory board, and a senior adviser to Jefferies. He is also the co-founder and Chairman of the Digital Dollar Project.
Additional investors are Eric Chen, the co-founder and CEO of Injective; Dean Swennumson the co-founder and Head of Operations at Superstate (formerly Compound Labs), and Anna Yuan the founder of Perena and former Stablecoin lead at the Solana Foundation.
Others are Paul Taylor – America’s most active crypto angel investor in 2024 and a former member of BlackRock Private Equity, and also Saiprasad Raut a former Chief Technology Advisor for Crypto at Worldpay (FIS), former co-chair of the Hedera Council’s Technical Steering and Product Committee, and Spout’s product advisor.
More are Shane Qiu the founder and CEO of Bitway, James Parillo a former General Partner at Figment Capital, Stefano Glauser a partner at Polymorphic Capital, Whales Lee a co-founder of CollegeDAO and the former Head of Product at Solayer, Steve Schoonebeek the Business Development Executive at Triton One and Riley Wild the M&A and corporate development at Figment.
A final advisor is Neil Amhis, who is a quantitative strategy advisor with a PhD from UCL, a former quantitative analyst at BNP Paribas and Natixis, and now the Lead Researcher at Zann Capital.
The US is hoarding Bitcoin (BTC), turning net importer in 2026 for the first time since 2022, while the rest of the world buys dollar stablecoins, Chainalysis data shows.
The 2026 Geography of Crypto report covers the 12 months to July 1. Chainalysis ties the split to need, since Americans already hold dollars and users elsewhere want them without a US bank account.
Why Is the US Hoarding Bitcoin While Everyone Else Wants Dollars?Chainalysis pooled on-chain service inflows, order book volume, and cross-border position into one Bitcoin index. The US scored 0.96 in 2026 against 0.52 elsewhere, a lead of 0.44 that stood at 0.09 in 2024.
The stablecoin index runs the other way. The rest of the world scored 1.00 and the US 0.56, a deficit that was 0.05 in 2024.
US hoarding Bitcoin while rest of world adopts stablecoins, Chainalysis index finds: Source: ChainanlysisAmericans, meanwhile, treat Bitcoin as a scarce store of value. Will Su, Managing Director and Head of Digital Assets Research at BlackRock, described that demand to Chainalysis.
“Investor interest in bitcoin as a monetary alternative remains strong, particularly as government debt and spending reach new highs globally.”
Will Su, BlackRock, via Chainalysis
Flow data fits the pattern. Transfers below $10,000 left the US on net each period, yet those above $10 million alone brought in 53,200 BTC. Chainalysis describes retail sending Bitcoin out and institutions bringing it in.
Which Trade Lasts Longer?Chainalysis says Bitcoin accumulation depends on institutions’ allocation decisions, which shift with market sentiment. Users who adopt digital dollars, it argues, are unlikely to turn back.
Dollar-pegged tokens account for 99.1% of stablecoin volume on exchange order books. Euro-backed tokens hold 0.45%, despite the European Union’s Markets in Crypto-Assets (MiCA) rules for stablecoin issuers.
The crypto economy of the US and Canada has almost doubled in the past 2 years. Source: ChainanalysisStablecoin reserves sit largely in short-dated US government debt, so overseas demand for digital dollars becomes demand for Treasuries. The pattern repeats in tokenized Treasury demand, where Italy, Portugal, and Singapore each hold more value than US holders.
Singapore and Hong Kong have introduced stablecoin licensing frameworks, yet Chainalysis says rules have moved faster than users.
CoreWeave (NASDAQ: CRWV) stock has slipped roughly 40% in the past six months, and investors have generally not been happy, especially with the company’s rising debt burden. Cantor Fitzgerald, however, believes the market has got it all wrong.
On October 15, the bank claimed there’s been “a lot of fearmongering” about the cloud-computing company, arguing that now might actually be “one of the most attractive times” to invest, and for more than one reason.
First, Cantor highlighted that all of CoreWeave’s capacity scheduled to come online in 2027 has already been sold, and second, it reminded investors that Nvidia (NASDAQ: NVDA), a major supporter of the company since before its 2025 initial public offering (IPO), has agreed to backstop any remaining unsold capacity.
Not only that, but Nvidia CEO Jensen Huang has also personally expressed confidence in the company, pushing back against concerns surrounding its financial position. Recall also that Nvidia invested $2 billion in CoreWeave In January.
“CoreWeave’s strength is improving every day. I’m optimistic. Their cost of capital is actually decreasing,” Huang told Bloomberg.
These factors, it appears, were enough for the bank to double down on both its “Overweight” rating and $176 CoreWeave stock price, which implies an upside of 150% from the current price of $69.69.
CRWV stock price six-month chart. Source: Google Finance
CoreWeave stock is fine, CEO Michael Intrator says
CoreWeave CEO Michael Intrator has also described the market selloff as “irrational” in an internal memo shared with Bloomberg, reaffirming the current business model as viable. Specifically, Intrator said CoreWeave’s contracted deal backlog was sufficient to more than cover its debt obligations.
The CEO attributed some of the recent negative sentiment to broader concerns surrounding artificial intelligence (AI) financing, claiming that difficulties faced by rival companies seeking IPOs and debt funding were affecting perceptions of CoreWeave.
Working in Intrator’s favor, several other Wall Street firms have also maintained bullish views. For instance, Bank of America (BofA) reiterated its “Buy” rating and $140 price target on October 14, while raising its revenue estimates for 2027 and 2028. Like Cantor, Deutsche Bank also described the selloff as a buying opportunity, maintaining its Buy rating and $150 price target.
While analysts and chief executives have defended CoreWeave’s outlook, its co-founders have collectively sold approximately $3.3 billion worth of shares since the company’s IPO. Notably, approximately $2.4 billion of those sales occurred in 2026, with CoreWeave stock having fallen approximately 60% from its June 2025 peak.
Intrator himself sold more than $907 million worth of shares in 2026, while co-founder Brannin McBee sold approximately $1.06 billion, reducing his IPO stake by 40.4%. Co-founder Brian Venturo has further sold more than $1.2 billion worth of CRWV shares since the IPO, including approximately $734 million in the second quarter alone.
While the sales do not necessarily imply that the founders have lost confidence in the company, their scale was sufficient to attract investor attention as the stock faced pressure on all fronts. Accordingly, this contrast between substantial insider selling, slipping share prices, bullish Wall Street calls, and large-backer confidence such as Nvidia only further illustrates the uncertainty surrounding the company.
Sandisk (SNDK -0.61%) stock has already delivered an extraordinary run this year, up about 497% year-to-date, as of Oct. 13, 2026. There are risks with storage stocks, given the past boom-and-bust cycles in product pricing. However, the stock, currently priced at $1,416, has a realistic shot at nearly tripling to $4,128 over the next year or so, provided demand for storage and memory continues to outstrip supply and remains strong.
Image source: Getty Images.
CEO says Sandisk is still in the early innings of AI-driven growth
On the August 2026 earnings call, CEO David Goeckeler called AI inference a memory-centric, storage-intensive problem reshaping demand for NAND flash memory. Its leadership in this market is translating into broader customer adoption.
Revenue grew 51% quarter over quarter to $9 billion in the fiscal fourth quarter. Management expects revenue to grow approximately 17% sequentially in fiscal first-quarter 2027, to between $10.3 billion and $10.8 billion. Adjusted (non-GAAP) earnings per share (EPS) are expected to be between $44 and $46.
Sandisk is selling more high-speed solid-state drives (SSDs) to big cloud and AI companies that need fast storage for their most demanding computing tasks. In the latest quarter, it also began shipping a new, higher-capacity product called Stargate, designed for the massive data collections that AI systems create and use.
SNDK Sandisk$1,394.83-$8.51 (-0.61%)
NASDAQ · As of 4:00 PM ET 10/15/26
Over the last year, data center storage has grown from roughly 12% of the company's total bits shipped to 38%, making it Sandisk's fastest-growing market.
Goeckeler said he believes Sandisk is still in the early innings of this opportunity. That outlook aligns with broader AI spending trends. Goldman Sachs Research forecasts that global AI-related investment will exceed $1 trillion this year.
Sandisk's path to a $4,300 share price
The risk for any storage stock is cyclical price fluctuations. However, new long-term agreements with eight customers are expected to cover more than half of bits shipped in fiscal 2027 and two-thirds in fiscal 2028, providing greater visibility into revenue and earnings.
At the current $1,416 share price on Oct. 14, 2026, the stock is trading at a price-to-earnings (P/E) multiple of 19.2. Applying the same trailing multiple to the $215 consensus fiscal 2027 earnings estimate puts the share price at $4,128 next year.
Still, it's difficult to predict how the market will value the stock. If the market senses greater risk of a downturn in storage and memory pricing, or a stall in the AI spending boom, it may value the shares at a lower P/E multiple. Therefore, the stock may not deliver nearly as much upside.
Based on Goeckeler's comment on the runway of growth still ahead, I think the stock is worth buying. Top memory supplier Micron Technology is mostly sold out of advanced memory for 2027, and at higher prices than in 2026. This points to broad market demand for storage and memory that will continue to benefit Sandisk. Even a modest P/E on next year's earnings would send Sandisk stock price over $2,000 in 2027.
Gabriela Castillo Madrid, vedoucí oddělení politiky AI ve SpaceX, bude vypovídat před Radou města New York v rámci jejího vyšetřování bezpečnosti umělé inteligence.
SpaceX artificial intelligence policy leader Gabriela Castillo Madrid is set to testify before the New York City Council on Friday as part of a legislative investigation into AI safety.
The hearing with the council's tech committee is scheduled for 10 a.m. ET at City Hall with Castillo Madrid appearing by video conference.
Elon Musk's aerospace, defense tech and AI company originally evaded requests and a subpoena from the city council to appear alongside leaders from OpenAI, Anthropic, Google and Meta on Oct. 5. SpaceX agreed to testify earlier this week after the council threatened to have its subpoena enforced by a judge.
The council opened its probe following a month of intense debate surrounding the risks posed by advanced AI models, and is aiming to use testimony and information unearthed through the investigation to guide new regulations.
Before Castillo Madrid took a role in government affairs at SpaceX earlier this year, she worked at X, Musk's social media company that's now owned by SpaceX, according to her LinkedIn profile. Prior to that, she spent almost three years at the U.S. Department of Commerce.
In merging SpaceX with xAI in February, Musk combined his AI and social networking business with his rocket launch company, which also owns the Starlink satellite internet service. The merger put SpaceX in control of AI model Grok, which is used by some federal agencies, including the Pentagon.
SpaceX went public in June and is now valued at about $2 trillion. In August, SpaceX completed a $60 billion acquisition of AI coding startup Cursor.
In skipping the earlier NYC Council hearing, SpaceX avoided direct questioning from a member of the U.K. Parliament, Jess Asato, who testified about experiencing AI-enabled online harassment.
Asato is suing xAI in the U.K. after Grok users created and distributed sexualized images of her online without her consent. She's seeking damages, alleging misuse of her private information and breaches of European data protection rules.
According to the BBC, Asato criticized SpaceX for its "arrogance" in not appearing last week.
SpaceX didn't respond to a request for comment ahead of the meeting.
Osmosis odškodní 1 037 účtů držících bOSMO celkovou částkou přibližně 40 508 OSMO po zranitelnosti v kontraktu pro zpětný odkup, která vedla k nadměrným výplatám.
According to a disclosure from the Osmosis Community Hall, the liquid staking token bOSMO issued by Backbone Labs has a redemption contract vulnerability. Since April 2026, the contract has been double-counting OSMO staked by Backbone’s own validators during each redemption, leaving users receiving roughly 50% more OSMO than they are entitled to, with the excess costs covered by other bOSMO holders. To avoid further harm to other holders during community fund pool redemptions, relevant parties redeemed around 776,000 bOSMO in a single transaction on October 10, extracting approximately 1.2997 million OSMO. The OSMO involved in this redemption is expected to complete unbonding on October 24. Osmosis announced it will compensate 1,037 accounts holding bOSMO at the snapshot, totaling about 40,508 OSMO, calculated at a pre-redemption rate of 1.1174 OSMO per bOSMO. The compensation will be automatically distributed after unbonding finishes on October 24, with no action needed from users. However, bOSMO’s asset backing has dropped sharply post-redemption: currently, redeeming 1 bOSMO via Backbone only yields around 0.06 OSMO. As the vulnerability remains unpatched, new bOSMO can still be minted at a cost of roughly 0.039 OSMO, which may cause some liquidity pools to have prices significantly deviating from actual redemption value. Osmosis therefore advises users not to purchase bOSMO or provide liquidity to related pools, and urges existing liquidity providers to withdraw their funds.
Fluxers! AI agents can now deploy apps to Flux Cloud entirely on their own. Our friends at Elisym Labs have launched the Flux Gateway agent on the Elisym network: an agent finds the service, gets a quote, pays, and comes back with a live app on the decentralized cloud — no human in the loop.
Try the Flux Gateway agent on Elisym Read the launch announcement What the Flux Gateway does The Flux Gateway is an agent that other agents hire. It offers three things:
A free quote. Describe the app and get its price before committing to anything. Deploy, paid in USDC. Send the deployment and pay in USDC on Solana; the gateway deploys the app on Flux Cloud. A verified public URL, and status. The agent gets back a working public address for its app, and can check on the app’s status whenever it likes. That is the whole loop an autonomous agent needs: discover a service, agree a price, pay, ship, and verify the result.
What Elisym is Elisym is open infrastructure for AI agents to discover and pay each other, with no platform and no middleman. Agents publish what they can do as capability cards on Nostr relays, customers find providers by capability, jobs and results travel over the same relays, and payments settle on chain. Agents built with Claude, Cursor, Windsurf and other MCP clients can join through Elisym’s MCP server, CLI, SDK or agent skills.
In other words, Elisym is an open marketplace where the buyers and sellers are agents. The Flux Gateway puts the decentralized cloud on its shelves.
Decentralized, end to end This is a match that makes sense. Elisym removes the platform between agents; Flux removes the single company between an app and the machines that run it. An agent that discovers the Flux Gateway over open relays and pays on chain now lands its app on thousands of independent nodes across more than 50 countries, with no account, no sign-up form and no gatekeeper anywhere in the path.
Paying in FLUX? Go direct with our MCP server The Flux Gateway is the fastest route for agents already working in USDC on Solana. Agents that hold FLUX can also talk to Flux Cloud directly through our official Flux Cloud MCP server: quote an app in US dollars, deploy it, pay in FLUX, watch it come up, read its logs, update it and cancel it. It is documented in Deploy with AI Agents (MCP), and we explained how we built it in Inside the Flux Cloud MCP Server.
Two open doors into the same decentralized cloud: one for agents paying in USDC through Elisym, one for agents paying in FLUX directly.
More to come This is the start of our work with Elisym. Next up is a joint demo of an agent deploying through the gateway, shared from both teams. Thank you to Elisym Labs for building it — and to every builder out there: point your agent at the Flux Gateway and let it ship.
Akcie Chipotle do 14. října letošního roku klesly o 18 % a od maxima z června 2024 o 56 %, přestože tržby ve srovnatelných restauracích ve 2. čtvrtletí vzrostly o 2,2 %.
Chipotle Mexican Grill (CMG +0.20%) is a restaurant industry pioneer. It popularized the fast-casual dining concept. The focus on fresh, customizable food, fast service, and reasonable prices has made the business a household name.
Shares have been feeling the heat. As of Oct. 14, they have fallen 18% in 2026 and are 56% off their record from June 2024. The rest of the year may tell a different story.
Here's what history says the fourth quarter will bring for this restaurant stock.
Image source: The Motley Fool.
Past trends reveal mixed performance This decade, the performance of Chipotle's shares has been up and down in Q4. In the fourth quarters of 2021, 2022, 2024, and 2025, the stock fell by single digits. However, in 2020 (+12%) and 2023 (+25%), shares posted double-digit returns. So far this month, they have dropped by over 4%. Q4 2026 is off to a slow start.
At the same time, the S&P 500 index has climbed almost 1%. The positive view is that by the end of this year, Chipotle will end Q4 with a strong gain. This will continue the every-three-year streak, as the fourth quarters of 2020 and 2023 saw winning results.
Navigating a weaker industry As mentioned, Chipotle shares have been cut by more than half since the summer of 2024. At that time, it was clear that the stock was extremely expensive. It traded at a price-to-earnings (P/E) ratio of 73.2. Expectations were sky-high. That's not surprising, given that net income surged 183% from first-quarter 2021 to Q1 2024. The business was hitting its stride.
In recent years, Chipotle has been rattled by weaker conditions in the industry. The fast-casual segment, and the overall restaurant sector, have seen consumers pull back, particularly among households making less than $100,000 in annual income.
Furthermore, making food at home has become a more cost-conscious decision. According to U.S. Department of Agriculture data from 2025, the value proposition of buying groceries widened compared to eating out.
In 2025, Chipotle reported a rare same-store sales (SSS) decline of 1.7%. That improved to a gain of 0.5% in Q1 and 2.2% in the second quarter (ended June 30) of this year. The leadership team expects SSS to rise in the low single digits for the full year.
Profitability has come under pressure. Costs have increased due to labor and food inflation. The unit-level operating margin was 25.2% in the most recent quarter. That's down 220 basis points from the same period last year.
In order to right the ship and position the business for faster growth, Chipotle is investing in menu enhancements, the in-store dining experience, digital reach, and marketing efforts to drive foot traffic. Capital expenditures were $397.6 billion through the first six months of 2026, up 30% year over year. This hits free cash flow directly.
CMG Chipotle Mexican Grill$30.58+$0.06 (+0.20%)
NYSE · As of 4:00 PM ET 10/15/26
The stock might be cheap for a reason It can be hard for Chipotle to attract investor interest at a time when it seems everyone is enamored by artificial intelligence stocks. These enterprises can promise faster growth and bigger gains. The Tex-Mex chain has to compete with that.
For what it's worth, Chipotle's valuation has become more attractive. The stock trades at a P/E ratio of 28.2, which is near a 10-year low. Expectations have fallen due to the company's softer financial results.
This is a high-quality business, though. Its brand is arguably the strongest in the fast-casual space. Its 4,186 company-owned stores give it tremendous scale. It keeps growing, with 350 to 370 net new openings scheduled for this year. Profits are consistent; the average quarterly operating margin in the past five years was 15.8%.
That combination should keep Chipotle on your radar. However, the future might not be as robust as the past was. Consensus analyst forecasts call for earnings per share to grow at just 8.6% per year from 2025 to 2028. This is significantly below the 21.2% annualized pace of the previous three years. Investors need to temper their expectations.
Chyba v kódu Pirate Chain umožnila neoprávněné vytvoření přibližně 39,8 milionu ARRR, což představovalo zhruba 20 % tehdejší nabídky tokenů. Tým navrhuje vrátit blockchain do stavu k 20:00 UTC dne 14. října.
Pirate Chain, a privacy coin that shields every transaction by design, has a counterfeiting problem. A flaw in its source code allowed someone to mint around 39.8 million ARRR without authorization, roughly 20% of the token’s total supply at the time.
The network is still running. Users, however, have been told to keep their hands off their wallets while developers work out how to undo the damage.
What went wrong
The vulnerability surfaced on October 14, 2026. It traced back to two separate validation failures connected to Ironwood, a network upgrade that Pirate Chain activated on October 3.
The freshly minted tokens did not sit still. They were moved quickly into the Sapling shielded pool, the part of the network where balances and transfers are hidden by cryptography.
Pirate Chain’s development team acknowledged that the shielded nature of these transactions could make it harder to trace where the illicit coins went next.
One exchange moved fast. NonKYC flagged deposits tied to the exploit, restricted them, and blocked withdrawals to limit further risk.
The response: freeze, pause, rewind
Pirate Chain’s instructions were blunt. Users were asked not to move funds, and exchanges and mining pools were advised to voluntarily pause operations.
The proposed fix is more dramatic: a blockchain rollback. The team wants to revert the network to its state as of 20:00 UTC on October 14, with the goal of discarding every block produced after the exploit window.
There was one piece of reassuring news. The team said there was no indication that Pirate Chain’s notary keys or its zk-SNARKs cryptography had been compromised.
Why the numbers sting
Pirate Chain targets a maximum supply of 200 million ARRR. Around 39.8 million unauthorized tokens is a meaningful slice of that ceiling, not a rounding error.
The project also stands out because 100% of its transactions use zk-SNARKs. Unlike chains where privacy is optional, Pirate Chain makes shielding mandatory for everyone.
What this means
The rollback itself is a test. It requires coordination among exchanges, miners, and node operators, which is why the voluntary pause matters. If major participants keep processing blocks on the old chain, the recovery gets messier.
NonKYC’s quick decision to restrict deposits and freeze withdrawals likely kept some counterfeit coins from being converted into other assets.
The Ironwood upgrade had been live for only 11 days when the flaw was found. Privacy-focused coins face a particular version of this risk: when supply sits inside a shielded pool, outside observers have fewer tools to spot unusual activity, so the burden falls heavily on the validation rules being correct the first time.
What to watch next: whether the rollback to 20:00 UTC on October 14 is executed cleanly, when exchanges and mining pools resume normal operations, and whether the team publishes a full breakdown of the two validation failures behind Ironwood.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
GBP/AUD ve čtvrtek vzrostl o více než 0,8 % poté, co Austrálie v září přišla o 39 300 pracovních míst a britský HDP v srpnu meziměsíčně vzrostl o 0,1 %.
The Pound-Australian Dollar rate could extend gains if Andrew Bailey reinforces November hike expectations, while weak Australian jobs data may keep the Aussie under pressure. The Pound to Australian Dollar (GBP/AUD) exchange rate raced higher on Thursday as investors reacted to Australia’s disappointing jobs report.
At the time of writing, GBP/AUD was trading at AU$1.9085. Up over 0.8% from the start of Thursday’s European session.
Latest — Exchange Rates:
Pound to Dollar (GBP/USD): 1.325544 (+0.18%)
Australian Dollar to Dollar (AUD/USD): 0.692049 (-0.83%)
DAILY RECAP:
The Australian Dollar (AUD) retreated through Thursday’s Asian trading session after a surprise contraction in Australia’s labour market weakened expectations for further interest rate hikes from the Reserve Bank of Australia (RBA).
Data from the Australian Bureau of Statistics (ABS) showed that the economy lost 39,300 jobs in September, sharply undershooting forecasts for an increase of around 20,000 and marking the largest monthly decline since February 2025.
Meanwhile, the unemployment rate remained at 4.7%, its highest level in almost five years, after August’s reading was revised upwards.
The figures suggested that the Australian labour market may be losing momentum more quickly than previously thought, which in turn weakened expectations of further monetary tightening from the RBA, with a sharp rise in the odds of the bank leaving rates on hold through the remainder of 2026.
The Pound (GBP) trended broadly higher on Thursday after the UK’s latest GDP figures surprised to the upside, showing the economy continued to grow in August.
According to the Office for National Statistics (ONS), monthly GDP expanded by 0.1%, defying forecasts for a 0.1% contraction.
While this marked a slowdown from July’s 0.4% expansion, the figures suggest the UK economy remains remarkably resilient despite mounting global economic uncertainty and rising energy costs.
GBP investors welcomed the unexpected expansion in growth, as it both cements bets that the Bank of England (BoE) will begin tightening monetary policy in November, while also providing a little more fiscal headroom for Chancellor John Healey’s upcoming budget.
Near-Term GBP/AUD Forecast: Focus on BoE Bailey Comments Looking ahead to the end of the week, the primary catalyst of movement for the Pound to Australian Dollar exchange rate will likely be a scheduled speech by BoE Governor Andrew Bailey.
GBP investors will look to Bailey for more insight into the BoE’s policy outlook, with Sterling poised to rise if his remarks help to reinforce bets that the bank will raise rates next month.
Meanwhile, in the absence of any notable domestic data, AUD movement may be driven by market risk dynamics, with a cautious mood potentially piling more pressure on the ‘Aussie’.
Exchange Rates UK Research Our currency coverage draws on live market data, official economic releases and published bank research.
HGT Law vyšetřuje možné porušení zákonů o cenných papírech společností L3Harris po okamžité rezignaci generálního ředitele Christophera Kubasika; akcie 17. srpna klesly o 4,61 %.
, /PRNewswire/ -- HGT Law announces that it is investigating claims on behalf of shareholders of L3Harris Technologies, Inc. ("L3Harris" or the "Company") (NYSE:LHX) for potential violations of the federal securities laws and potential breaches of fiduciary duties by the Company's officers and directors.
L3Harris is a global defense technology company that provides mission-critical solutions to government and commercial customers through its Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions segments.
On August 17, 2026, L3Harris announced that Christopher Kubasik had stepped down as Chairman and Chief Executive Officer, effective immediately. The Company stated that it had become aware of conduct by Mr. Kubasik that was inconsistent with the values set forth in its Code of Conduct. On this news, L3Harris's stock price fell $13.44 per share, or 4.61%, closing at $278.38 per share on August 17, 2026.
On August 19, 2026, The Wall Street Journal reported that multiple women at L3Harris had raised concerns about Mr. Kubasik's behavior years before his departure, including a formal sexual harassment complaint made to the Company's human resources department around 2023. The departure was the second time Mr. Kubasik had been removed from a senior executive role over alleged misconduct with an employee. In 2012, Lockheed Martin asked him to resign as its President, and CEO-designate, after an investigation found he had a close personal relationship with a subordinate in violation of its code of ethics.
HGT Law is investigating whether L3Harris and its officers and directors made materially false or misleading statements, or failed to disclose material information, to investors and whether the Company's Board of Directors breached its fiduciary duties in overseeing executive conduct and in approving the terms of Mr. Kubasik's separation.
If you purchased or currently hold L3Harris securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact HGT Law at (646) 453-7288 or via email at [email protected].
About HGT Law
HGT Law is a boutique commercial litigation firm that both institutions and individuals who have suffered losses arising from: violations of federal and state securities laws; breaches of fiduciary duty by corporate directors and officers; breach of contract; and business torts.
Attorney Advertising. Prior results do not guarantee similar outcomes.
Contact:
HGT Law
(646) 453-7288
[email protected]
www.hgtlaw.com
Pomerantz LLP prověřuje možné porušení zákonů o cenných papírech společností lululemon po slabších tržbách a snížení celoročního výhledu tržeb i zisku.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of lululemon athletica inc. ("lululemon" or the "Company") (NASDAQ: LULU). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether lululemon and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On September 3, 2026, lululemon reported its financial results for the second quarter of fiscal year 2026. Among other items, lululemon reported lower-than-expected revenue and sharply lowered its full-year revenue and earnings guidance. The Company's management attributed its disappointing quarterly results to negative media and social-media commentary, softer-than-planned new-product launches, and weaker store traffic.
On this news, lululemon's stock price fell $21.16 per share, or 17.38%, to close at $100.61 per share on September 4, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Howard Hughes Holdings koupila pojišťovnu Vantage za 2,1 miliardy USD a během pěti let do ní plánuje vložit 2,5 až 3 miliardy USD volných peněžních toků.
Ever since Warren Buffett built Berkshire Hathaway around ownership of insurance companies, many have attempted to copy his approach. Unlike traditional insurance stocks, which seek to profit by investing insurance premiums in fixed-income instruments such as bonds, Buffett's approach entails investing float in stocks to generate superior long-term returns.
Investor Bill Ackman, through Howard Hughes Holdings (HHH +2.37%), or HHH for short, is the latest Wall Street titan to try to emulate this strategy. Not only that, but Ackman appears to be aiming to mimic the approach of another famed investment holding company.
Pershing Square Capital Management CEO Bill Ackman. Image source: Getty Images.
Howard Hughes Holdings was formed in 2010, when then-bankrupt General Growth Properties spun off its real estate development business. Known for master-planned community developments like Summerlin, located outside Las Vegas, the company has slowly shifted its focus since Bill Ackman's involvement began in the late 2010s. First, by spinning off non-core real estate and other assets as Seaport Entertainment in 2024.
HHH Howard Hughes$69.91+$1.62 (+2.37%)
NYSE · As of 4:00 PM ET 10/15/26
Then, in 2025, Pershing Square invested another $900 million in HHH, raising the fund's stake to 47%. Still working slowly, Ackman has only recently revealed his "master plan" for the master-planned communities company. In a recent interview with Bloomberg, Ackman discussed plans to transform HHH into both a Berkshire-style insurance holding company and an asset manager akin to Brookfield and Blackstone.
First, in a Berkshire-esque move, HHH acquired Vantage for $2.1 billion. Vantage's book value of around $1.8 billion represents much of this valuation. Alongside the purchase price of Vantage, Howard Hughes Holdings plans to invest between $2.5 billion and $3 billion of its excess free cash flow into the insurance unit over the next five years. HHH's goal is to have most of Vantage's excess capital invested in stocks. Ackman's Pershing Square will also manage Vantage's portfolio for free.
Second, alongside the Buffett insurance gambit, Ackman also seeks to juice up Howard Hughes' returns from real estate investments by taking on third-party investors and charging them management fees similar to those that Brookfield and Blackstone charge for their respective real estate investment management subsidiaries.
Is Howard Hughes Holdings a buy? Howard Hughes Holdings shares surged around the time of Ackman's "Berkshire and Brookfield" remarks, but have since pulled back into the high-$60s per share, around the stock's book value of $66.95 per share. Yet while the stock may appear to have minimal downside at this price level, keep in mind that only time will tell whether Ackman's big plans pan out.
For one, it takes years, if not decades, to determine success in this area. Some insurers taking a Berkshire-style approach, like Markel Group, have beaten the market over a multidecade time frame; others, like Greenlight Capital, have lost money for investors.
In fact, Greenlight Capital, with excess funds managed by hedge fund billionaire David Einhorn, sounds very similar to what Ackman has in store for Howard Hughes Holdings. That's not to say a similar outcome is bound to happen, but consider this food for thought before investing just on the headlines alone.
Instead, consider waiting until some of the excitement surrounding Ackman's plans has simmered down. In the past, Howard Hughes Holdings has traded well below book value, and a similar situation could emerge again in the near term.
Thomas Niel has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Berkshire Hathaway, Blackstone, Brookfield Corporation, Howard Hughes, Markel Group, and Seaport Entertainment Group. The Motley Fool has a disclosure policy.
KB Home otevřela rezidenční projekt Sebastian Oaks v St. Augustine na Floridě; rodinné domy s až pěti ložnicemi začínají v nižší cenové hladině 300 000 USD.
New community near area beaches and top-rated schools is now open for tours.
, /PRNewswire/ -- KB Home (NYSE: KBH), one of the largest and most trusted homebuilders in the U.S., today announced the opening of Sebastian Oaks, a new-home community in St. Augustine, Florida.
Sebastian Oaks at a Glance:
Sebastian Oaks model home
Price: From the low $300,000s
Location: St. Augustine, Florida, at the corner of Lewis Speedway and Mose Bluff Avenue near U.S. Highway 1
Home type: One- and two-story single-family floor plans
Bedrooms/baths: Up to 5 bedrooms and 3 baths
School district: St. Johns County School District
Sebastian Oaks is located at the corner of Lewis Speedway and Mose Bluff Avenue. The community provides easy access to U.S. Highway 1 and Interstate 95 and is just 5 miles from Vilano Beach. Residents will enjoy the proximity to downtown St. Augustine, Flagler Hospital, Matanzas River and St. Augustine Premium Outlets®. Sebastian Oaks is also a natural gas community and has no CDD fees.
The homes at Sebastian Oaks are designed for contemporary living, with modern kitchens overlooking large great rooms, expansive bedroom suites with walk-in closets, and lofts. Homebuyers can personalize their new home, from floor plan and exterior style to where they live in the community, and then bring their vision to life at the KB Home Design Studio, where they can select from a wide range of interior design choices that fit their style and budget.
"We are excited to introduce North Florida homebuyers to beautiful new homes in a highly desirable location convenient to downtown St. Augustine and just minutes to area beaches," said Todd Holder, President of KB Home's Jacksonville division. "At KB Home, we focus on creating value through competitive, transparent pricing and giving buyers the ability to personalize their home based on what matters most to them. We put them in control, so they're not paying for features they don't value or compromising on ones they do."
KB homes are engineered to be highly energy and water efficient and include features that support healthier indoor environments. They are designed to be ENERGY STAR® certified, a standard that fewer than 12% of new homes nationwide meet, offering greater comfort, well-being and utility cost savings compared to new homes without certification.
The Sebastian Oaks sales office and model homes are now open for walk-in visits and private in-person tours by appointment. Live video tours are also available. For more information on KB Home, call 888-KB-HOMES or visit kbhome.com.
About KB Home
KB Home is one of the largest and most trusted homebuilders in the U.S. We operate in 50 markets, have built over 700,000 quality homes in our nearly 70-year history, and are honored to be one of the top customer-ranked national homebuilders based on third-party buyer surveys. What sets KB Home apart is building strong, personal relationships with every customer and creating an exceptional experience that offers our homebuyers the ability to personalize their home based on what they value at a price they can afford. As the industry leader in sustainability, KB Home has achieved one of the highest residential energy-efficiency ratings and delivered more ENERGY STAR® certified homes than any other builder, helping to lower the total cost of homeownership. For more information, visit kbhome.com.
For Further Information:
Cara Kane, KB Home
321-299-6844
[email protected]
United Overseas Bank’s Quek Ser Leang and Lee Sue Ann highlight that EUR/USD has rebounded strongly from 1.1112 to close at 1.1218, more than reversing the prior day’s losses. Short-term momentum looks overextended, with the pair expected to trade between 1.1180 and 1.1240 intraday. On a 1–3 week view, EUR is now seen in a broader 1.1160–1.1280 range after breaking 1.1220 resistance.
Euro-Dollar shifts into consolidation band"24-HOUR VIEW: EUR plunged two days ago and then rebounded strongly to close at 1.1156 (-0.38%). When EUR was at 1.1180 in the early Asian session yesterday, we indicated that “the recovery has scope to extend but any advance should stay within a 1.1155/1.1205 range.” We were incorrect, as EUR rose to 1.1240 before easing slightly to close 0.56% higher at 1.1218. The sharp advance appears to be overextended. This, combined with early signs of slowing momentum, suggests EUR is unlikely to rise much further. Today, we expect EUR to trade in a range between 1.1180 and 1.1240."
"1-3 WEEKS VIEW: We have been holding a negative EUR view for more than a month. After EUR dropped to 1.1112 and rebounded strongly, we highlighted the following yesterday (15 Oct, spot at 1.1180): “Further EUR weakness is not ruled out, but the decline from last month appears to be overextended, both time-wise and price-wise. However, only a breach of 1.1220 ( ‘strong resistance’ level) would mean that EUR is not declining further.” EUR subsequently rose and broke above 1.1220 with a high of 1.1240. EUR has likely entered a range-trading phase, and for the time being, it is likely to trade between 1.1160 and 1.1280."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)
Proti společnosti AST SpaceMobile byla podána hromadná žaloba kvůli údajným zavádějícím informacím o financování, konkurenci a pomalém přijímání služby uživateli; akcie po oznámení nabídky konvertibilních dluhopisů 15. července 2026 následující den klesly o 17,04 %.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against AST SpaceMobile, Inc. ("AST" or the "Company") (NASDAQ: ASTS) and certain officers. The class action, filed in the United States District Court for the Western District of Texas, Midland-Odessa Division, and docketed under 26-cv-00378, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired AST securities between March 4, 2025 and July 15, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired AST securities during the Class Period, you have until November 13, 2026 to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
AST, together with its subsidiaries, designs and develops the constellation of BlueBird satellites in the United States ("U.S."). The Company provides a cellular broadband network in space for direct access by smartphones for commercial use and other applications, as well as for government use. In addition, its SpaceMobile service provides cellular broadband services to end-users who are out of terrestrial cellular coverage.
At all relevant times, Defendants touted AST's purportedly unique competitive advantages and leadership position in the satellite direct-to-cellular ("D2C") market. In particular, throughout the Class Period, Defendants touted AST's business and financial prospects as purportedly the only established space-based cellular broadband network for mobile phones.
Defendants' assurances regarding AST's purportedly durable competitive position in the satellite D2C market came into question in September 2025, when American telecommunications company EchoStar Corporation ("EchoStar") announced that it had entered into a definitive agreement with SpaceX, an American aerospace manufacturer and space transportation company, to sell its AWS-4 and H-block spectrum licenses (the "EchoStar Transaction"). In connection with the EchoStar Transaction, SpaceX and EchoStar agreed to enter into a long-term commercial agreement, enabling EchoStar's Boost Mobile subscribers—through its cloud-native 5G core—to access SpaceX's next generation D2C service provided by its telecommunications subsidiary Starlink Services, LLC ("Starlink").
SpaceX commands a dominant position in the global aerospace and orbital launch industry, with the ability to produce and launch numerous satellites at scale. Its subsidiary Starlink provides a broadband internet satellite constellation that accounts for roughly 54% of all active satellites in Earth's orbit, with approximately 9,821 Starlink satellites currently active in low Earth orbit. Viewed in combination with its considerable resources, SpaceX's entry into the satellite D2C market was potentially a threat to AST's commercial aspirations.
Following the EchoStar Transaction, however, Defendants continued to assure investors and the market that AST remained in a competitive class of its own, with the Company poised to realize significant revenues and profits in the near-term. Likewise, Defendants continuously represented that AST's capital and liquidity position was sufficient to meet its strategic and business goals at all relevant times, notwithstanding the heightened competitive pressures it faced following the EchoStar Transaction.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and prospects. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) AST's increasing capital requirements were likely to increase the Company's debt load and share dilution with greater frequency and at greater scale than Defendants had signaled to investors; (ii) accordingly, Defendants had overstated the sufficiency of AST's capital and liquidity position to achieve its strategic and business goals; (iii) Defendants likewise overstated the durability of AST's competitive position in the satellite D2C market; (iv) even following the EchoStar Transaction, Defendants continued overstating AST's competitive position in the satellite D2C market; (v) AST was experiencing slow user adoption in the U.S. and Japan; (vi) the foregoing was likely to have a significant negative impact on the Company's business and financial prospects; and (vii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The truth began to emerge on September 8, 2025, when UBS issued a report downgrading AST to a "Neutral" from "Buy" recommendation, as well as cutting its price target on the Company to $43.00 from $62.00, mainly citing heightened competitive pressures related to the EchoStar Transaction, which "fortifies [Starlink's] position in the space to cellular market and increases risk for AST[] as it drives utilization on its nascent constellation[.]"
Following the release of UBS's report, AST's Class A common stock price fell $3.86 per share, or 9.47%, to close at $36.91 per share on September 9, 2025.
On October 21, 2025, AST issued a press release "announc[ing] its intent to offer . . . $850.0 million aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes." The press release disclosed that AST would use the proceeds from this offering "for general corporate purposes, including without limitation funding the deployment of AST SpaceMobile's worldwide constellation of satellites in anticipation of adding incremental strategic markets for its SpaceMobile Service." (Emphasis added.)
Later the same day, AST issued another press release "announc[ing] the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", noting that "[t]he size of the offering has been increased from the previously announced $850.0 million principal amount of Notes", while reiterating the same intended use for the net proceeds from the offering.
Following these disclosures, AST's Class A common stock price fell $7.26 per share, or 9.24%, to close at $71.35 per share on October 22, 2025.
On January 6, 2026, Scotiabank issued a report downgrading AST to a "Sell" recommendation, as well as its rating to "Sector Underperform" from "Sector Perform", citing, inter alia, significant competition from Starlink and "[e]vidence of slow user adoption in the U.S. and Japan[.]"
Following the release of Scotiabank's report, AST's Class A common stock price fell $11.76 per share, or 12.06%, to close at $85.73 per share on January 7, 2026.
On February 11, 2026, AST issued a press release "announc[ing] its intent to offer . . . $1.0 billion aggregate principal amount of convertible senior notes due 2036 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150.0 million aggregate principal amount of Notes." The press release disclosed that AST intended to use the proceeds from the offering "for general corporate purposes, including without limitation, accelerating the deployment of our controlled spectrum bands on a global basis, monetizing the capabilities of our proprietary technology to capture the evolving commercial opportunities related to artificial intelligence, enhancing investment in government space opportunities in the U.S., reducing higher interest debt, and pursuing opportunistic investments to accelerate our SpaceMobile Service and capabilities." (Emphasis added.)
The next day, AST issued another press release announcing the pricing of the foregoing offering at "an initial conversion price of approximately $116.30 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20% to the last reported sale price of AST SpaceMobile's Class A common stock on February 11, 2026."
Following these disclosures, AST's Class A common stock price fell $14.70 per share, or 15.17%, to close at $82.22 per share on February 12, 2026.
Then, on July 15, 2026, AST issued a press release "announc[ing] its intent to offer" yet another "$1.0 billion aggregate principal amount of convertible senior notes due 2034 (the 'Notes') in a private offering", and that it "intends to grant the initial purchasers of the Notes . . . an option to purchase . . . up to an additional $150 million aggregate principal amount of Notes." The press release disclosed that AST intended to use the proceeds from the offering to, inter alia, "pursue an expanding universe of growth initiatives and secure additional access to orbit for its space-based cellular broadband network, including partnerships and/or acquisitions to further vertically integrate its business and mitigate risks associated with third-party launch providers." (Emphasis added.) The press release further disclosed that the Company "currently does not have any understandings or agreements with respect to any such strategic transactions." (Emphasis added.)
Later the same day, AST issued another press release announcing the pricing of the foregoing offering. Specifically, "$1.0 billion 1.625% convertible senior notes due 2034 . . . [at] an initial conversion price of approximately $79.57 per share of AST SpaceMobile's Class A common stock, which represents a premium of approximately 20.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026", as well as "[c]apped call transactions . . . [at] an initial cap price of $149.20 per share of AST SpaceMobile's Class A common stock, which represents a premium of 125.0% over the last reported sale price of AST SpaceMobile's Class A common stock on July 15, 2026."
Following the foregoing disclosures, AST's Class A common stock price fell $11.30 per share, or 17.04%, to close at $55.01 per share on July 16, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Výnos do splatnosti dluhopisů CoreWeave se splatností v roce 2032 vzrostl na rekordních zhruba 14,5 %, zatímco firma má dluh ve výši 35,6 mld. USD a ve druhém čtvrtletí vykázala provozní ztrátu 49 mil. USD.
Lenders are getting nervous about CoreWeave (CRWV +5.94%), a cloud company that rents out artificial intelligence (AI) chips made by Nvidia (NVDA -1.84%). In June, CoreWeave sold $1.25 billion in unsecured notes due 2032 at face value, with a 9.625% coupon. On Tuesday, Oct. 13, the yield on these notes reportedly reached almost 15% before ending at a record of around 14.5%.
A bond's yield climbs when the price drops. Put another way, bond buyers now want much more to lend to CoreWeave than they did four months ago.
The stock followed on Wednesday. CoreWeave shares dropped about 15% as of this writing, and Nvidia, which is both CoreWeave's chip supplier and one of its shareholders, fell about 3% to roughly $221.
Should Nvidia investors worry? I don't think so -- at least not about CoreWeave itself. What Nvidia directly has riding on CoreWeave turns out to be small next to what the chipmaker earns.
Image source: Nvidia.
CoreWeave's borrowing problemCoreWeave's trouble doesn't seem to be demand. Showing how quickly the business is still growing, CoreWeave's second-quarter revenue more than doubled year over year to around $2.6 billion. But the company lost $49 million on an operating basis, and its net interest expense of $640 million was more than twice what it was in the year-ago quarter. Its total debt was around $35.6 billion at midyear.
Simply put, CoreWeave is still borrowing to buy its chips, and it doesn't yet make enough from operations to pay its interest costs.
CRWV CoreWeave$69.69+$3.91 (+5.94%)
NASDAQ · As of 4:00 PM ET 10/15/26
How much does Nvidia have riding on CoreWeave?The most direct link is Nvidia's stake. Nvidia owned about 47.2 million CoreWeave shares on June 30, according to its latest holdings report. That position was worth about $4.7 billion then.
At Wednesday's price of around $66, it's worth more like $3.1 billion. And the roughly 23 million shares Nvidia bought in January, for $87.20 each, are off about 24%.
Nvidia also has a capacity deal with CoreWeave. In September 2025, the two companies signed an order with an initial value of $6.3 billion. Under it, Nvidia must buy any CoreWeave cloud capacity that CoreWeave's own customers don't use, through April 2032, subject to some conditions.
Of course, this backstop might cost Nvidia the most if CoreWeave's customers leave, which arguably isn't happening while revenue is doubling.
Nvidia's latest quarterly filing doesn't name CoreWeave at all. But it does show $36 billion in commitments under deals with AI cloud partners, usually six years long, and up to $3.5 billion in guarantees on some of those partners' data center leases. It also lists a maximum possible loss of $4.7 billion from certain stakes in infrastructure financiers (companies that help fund AI infrastructure).
Together, those items come to about $44 billion spread across several years -- and the filing doesn't say how much involves CoreWeave. (The filing's far bigger guarantee, up to $105 billion on data center leases linked to an OpenAI affiliate, is another matter.)
For context, Nvidia made $63.7 billion in operating income in its second quarter of fiscal 2027 alone (the three months ended July 26, 2026).
Nvidia can absorb a CoreWeave problemCoreWeave's purchases might be a small part of Nvidia's sales, too. CoreWeave spent around $14.1 billion on property and equipment in the first half of 2026, and not all of it went to Nvidia. In roughly the same period, Nvidia's revenue was around $178 billion.
Even if every dollar of CoreWeave's spending had gone to Nvidia, it'd be under 8% of Nvidia's sales.
Meanwhile, Nvidia's profits are still climbing quickly. Its operating income grew 124% year over year in fiscal Q2, and it was up around 19% from $53.5 billion in fiscal Q1.
NVDA Nvidia$217.23-$4.07 (-1.84%)
NASDAQ · As of 4:00 PM ET 10/15/26
Yes, the bigger risk isn't CoreWeave alone. If lenders pull back from every debt-funded AI cloud company at once, orders for Nvidia's chips might slow.
Yet the stock arguably already assumes some slowdown. Nvidia's price-to-earnings ratio is only around 14, using analysts' average earnings estimate for fiscal 2028 (Nvidia's next fiscal year). I think that's a low price for a company whose operating income just more than doubled.
In the end, CoreWeave's bond prices are a fair warning of how much of the AI build-out runs on debt. But Nvidia's own exposure to CoreWeave is small next to what the chipmaker earns in one quarter. I'd still buy Nvidia stock at this price, albeit in a size appropriate to the high-risk nature of a growth stock like this.
Pomerantz vyšetřuje SolarEdge kvůli možnému podvodu s cennými papíry poté, co výhled výnosů na 3. čtvrtletí ve výši 310–340 mil. USD zaostal za konsensem ve výši 371 mil. USD.
, /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of SolarEdge Technologies, Inc. ("SolarEdge" or the "Company") (NASDAQ: SEDG). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.
The investigation concerns whether SolarEdge and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.
[Click here for information about joining the class action]
On August 5, 2026, SolarEdge reported its financial results for the second quarter of 2026. Among other items, SolarEdge forecasted Q3 2026 revenue in the range of $310 million to $340 million, well below the consensus analyst estimates of around $371 million.
On this news, SolarEdge's stock price fell $14.86 per share, or 30.48%, to close at $33.90 per share on August 5, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Micron (MU +1.87%) has been one of the biggest winners of the AI era.
Over the last year, the stock is up roughly 400%, and over the last three years, the stock has jumped 1,250%. Like other memory stocks, Micron has benefited from a shortage in memory chips, which has driven up prices and sent sector stocks soaring across the board. Among the winners are SK Hynix, Samsung, and Sandisk.
However, in recent months, some doubts have emerged about the memory boom. Micron stock peaked following its fiscal third-quarter earnings report and has struggled to return to that level, despite another blowout earnings report in September.
Micron's recent results are about as strong as any company in history. It just reported 379% revenue growth to $54.2 billion with an operating margin of 80.7%. Operating income jumped 1,100% to 43.8%.
Micron's operating income in its most recent quarter ranks above Apple, Alphabet, and Microsoft, and it's extraordinarily rare for any company to report an operating margin as high as 80%, meaning the company keeps four of every five dollars it earns in revenue, before interest and taxes. The spike in memory prices and surging demand are the primary reasons for those bumper results.
However, those numbers weren't enough to please investors, as the market is wary of the history of cyclicality in the memory sector, and they are betting that Micron's profits will come down significantly once the supply crunch eases.
The stock is now down 23% from its all-time high in June. Let's take a look at the stock's history to make an educated guess at what happens next.
Image source: Micron.
What history says about Micron In recent history, Micron has a strong track record at bouncing back from sell-offs like the current one. As you can see from the chart below, five times in the last decade, Micron has fallen by more than 23%, and each time the stock has recovered to an all-time high or near one.
MU data by YCharts
Looking at that chart, you can see that it sometimes takes Micron years to recover from 30%, 40%, or 50%, but it always does. That period includes multiple cycles in the memory sector, including 2022-2023, when Micron was losing billions of dollars a year due to a glut.
However, taking a longer view of history, the results are less encouraging.
MU data by YCharts
As you can see, the stock plunged following its peak during the dot-com boom, and didn't return to that level for another 20 years. For much of that time, Micron stock was down 80% or even 90% from its previous peak.
According to traditional valuation metrics, the stock wasn't even that expensive during its dot-com rally. Its price-to-sales ratio was about 8, near where it is today. Micron's price-to-earnings ratio was higher than it is today, and its EPS peaked shortly after the stock peaked, trending lower as the tech sector went bust.
MU Micron Technology$931.24+$17.11 (+1.87%)
NASDAQ · As of 4:00 PM ET 10/15/26
Is the past prologue? In investing, history can be informative, but it doesn't necessarily predict the future. Micron has gone through cycles before and seen prices fluctuate wildly, but some things are different now.
First, the company has locked in a significant percentage of its revenue through 2030 with strategic customer agreements, which should help buffer the downturn in the cycle when it comes.
Second, the AI boom still appears to be in its early stages. Future products like robotics will demand memory chips, and that, along with the growth of data centers, means that unit demand for memory has been forever changed. While prices will fluctuate, AI represents a sea change for the industry, which likely means the business won't return to pre-AI levels.
Third, Micron is betting on itself by investing $100 billion in a new megafab complex in upstate New York, which will be the largest chip manufacturing facility in the U.S. With supply constrained for at least the next couple of years, the new facility will put Micron in position to compete for growing memory demand as its competitors add capacity as well.
Micron has never grown this fast before or been this profitable, and the stock is also cheap at a forward P/E of less than 6. History won't tell us the shape of this cycle, though we know that Micron's prices and margins will eventually come down. Still, its strategic customer agreements and the growth of AI will support the long-term success of the business.
As Micron has done every time in the last decade, I expect it to recover from the current drawdown.
Společnost ServiceNow představila EmployeeWorks poháněný třetí generací AI platformy zaměřené na zaměstnance, která zaměstnancům umožňuje vytvářet AI agenty bez kódování; nové nástroje jsou nyní omezeně dostupné.
SANTA CLARA, Calif.--(BUSINESS WIRE)--ServiceNow (NYSE: NOW), the Super Intelligence Control Tower for business reinvention, today announced major advances to ServiceNow EmployeeWorks that give employees the ability to build the AI agents their jobs demand. These agents can complete daily tasks without human intervention and enable deep persona-based work across critical business functions. Additionally, ToolSmith, a new agentic developer environment for ServiceNow EmployeeWorks, takes complex tool-building from days to minutes, securely and at enterprise scale.
ServiceNow EmployeeWorks is powered by a third-generation employee-centric AI harness, which provides employees with intelligent context, trusted decision making, and robust enterprise actions to orchestrate AI safely.
Employees build AI without code, powered by an employee-centric AI harness
While enterprise AI investment is rising, most employees still can't build the AI their job needs. IT backlogs, developer constraints, vendor lock-in, and fragmented tools mean that the people closest to the work—the ones who understand the problems best—can’t build AI solutions that take secure actions. ServiceNow EmployeeWorks helps change that.
"AI's real promise is to close the gap between intention and action,” said Jacqui Canney, chief people and AI enablement officer, ServiceNow. “This era demands that business leaders redesign work around their customers’ needs. When your technology supports that goal, your employees spend less time on coordination and more time solving customer problems that require human judgement. ServiceNow EmployeeWorks makes that shift possible."
“ServiceNow combines agentic planning with governed and auditable workflows for any employee use case with intelligent employee context as the foundation,” said Bhavin Shah, senior vice president, employee experience group, ServiceNow. “The result is an operating system for the employee experience, connecting employees to the full power of the ServiceNow AI platform across any business application or channel, in any language, which can be ready for the enterprise on day one.”
Productivity Assistants: AI assistants for contextual persona-based work
Productivity Assistants are specialized AI assistants for contextual, nuanced, or persona-based work. These assistants run on the third-generation employee-centric AI harness, which combines reasoning, memory, and tool interoperability, so assistants can own deep research, long-running tasks, and cross-system and agent work with durable memory.
Non-coding employees can easily build the Productivity Assistants they need with admin-defined guardrails. They can tailor behavior, content, tools, and access. Pre-built assistants are also available.
HR Service Delivery: Productivity Assistants will be available for different ServiceNow products, starting with HR Service Delivery, extending service directly to managers for HR, talent, growth, and hiring.
Talent Insights Assistant surfaces candidate fit, hiring, and organizational talent insights directly to managers, powered by integrations with Findem and Phenom. HR Business Partner Assistant handles HR needs, including approvals, case management, and employee programs, conversationally. HRBP Assistant acts as a digital twin to help scale HR teams. Manager Assistant equips managers with timely coaching, insights, and team-performance visibility, unlocking information and capabilities that normally sit behind HR people and process. ServiceNow EmployeeWorks: Two foundational productivity assistants are available out of the box, with the option to build more.
Research Assistant investigates complex questions across internal and external sources in real time, delivering personalized answers based on role and access through a rich artifact, document, or deck. Calendaring Assistant integrates directly with calendar systems, serving as a smart scheduler that can decipher complex calendars, resolve conflicts, reserve rooms, add conferencing links, and more. It goes beyond typical calendar booking solutions by orchestrating nuanced requests like scheduling quarterly one-on-ones with an entire team on days that minimize disruption to project work or finding the least hectic day to bring together a team for a full day workshop. Productivity Routines: Employees build their own agents for proactive work
For work that's predictable and repeatable, employees can now build and deploy Productivity Routines that run proactively in the background, helping eliminate the need to manually repeat the same tasks continuously. They execute the same steps every time and deliver finished outcomes without human intervention.
For example, a sales leader can build a Prospecting Agent that can scan their calendar for upcoming account meetings, research the account via internal and external resources, and assemble a tailored asset or pitch that marries the company’s value props to the problems and pains experienced by the prospect – all before they sign on for the day.
Employees don't need to understand backend systems, API integrations, or data models. They describe what they want to automate, select the tools they need, and deploy. This democratizes AI, shifting the power to automate from IT and into the hands of the people who understand the work best, with governance built in.
ToolSmith: Developers vibe code enterprise-grade AI tools in minutes
ToolSmith is a new agentic developer environment that builds any automation for ServiceNow EmployeeWorks AI assistants. Developers describe what they want to accomplish in natural language, and ToolSmith handles the end-to-end build of the tool. ToolSmith is trained on over 75,000 APIs. It aligns on a plan with developers, implements integrations following the best practices, and builds tools for AI agents that are optimized for token efficiency and reliability. If something breaks, it can pull the relevant logs and propose a fix. Developers can then test and refine all through the same conversational experience.
ToolSmith also identifies what to build next. It scans through logs to identify opportunities to fix, improve, or invent the next best workflow. What used to take weeks, now takes minutes.
Conversations API: ServiceNow EmployeeWorks everywhere employees work
With the new Conversations API, organizations can bring ServiceNow EmployeeWorks capabilities – including Productivity Assistants, Productivity Routines, and ToolSmith - directly into the tools employees already use, including custom internal applications, kiosks, and other AI applications.
One unified platform, available across every channel, with no rearchitecting required.
What customers and partners are saying:
Salvation Army Australia
"For an organisation built on human connection, our frontline workers shouldn’t be navigating fragmented systems," said Milad Kruze, chief information officer for The Salvation Army Australia. "We wanted a solution woven into the ecosystems we already use, and the ServiceNow AI Platform was already part of our digital spine. Now our AI specialist, ‘Goldie,’ resolves nine out of ten questions without escalation and has given more than 5,000 hours back to our people."
INRY, a Cprime Company
"Replacing a legacy portal with one conversational front door completely changed how our people get work done day to day," said Matt Robinett, vice president and ServiceNow practice lead at INRY, a Cprime Company. "ServiceNow EmployeeWorks cut our internal request submission times by 60% and gave us a 97% completion rate, all while eliminating the need to switch between applications entirely. As both a ServiceNow customer and a partner, we're looking forward to using these new tools to extend that same impact even further across our organization and to our clients.”
Availability:
Productivity Assistants, Productivity Routines, the employee-centric harness, ToolSmith and Conversations API are all in controlled availability today.
Additional Information:
Learn more about ToolSmith and other ServiceNow developer tools at now[dev]26 from November 4-5. Craft real solutions alongside the engineers and product experts who built the platform.
About ServiceNow
ServiceNow (NYSE: NOW) is the Super Intelligence Control Tower for business reinvention. The ServiceNow platform integrates with any model, any cloud, and any data source to orchestrate, govern, and secure work across the agentic enterprise. ServiceNow gives customers the enterprise context and control to build and scale confidently. With more than 100 billion workflows running on the platform each year, ServiceNow helps organizations turn fragmented operations into coordinated, autonomous work for IT, CRM, Security, Employee Experience, and more. Learn how ServiceNow puts AI to work for people at www.servicenow.com.
Forward Looking Statements
This press release contains “forward-looking statements” about the expectations, beliefs, plans, and intentions relating to ServiceNow EmployeeWorks and related offerings and capabilities. Such statements include statements regarding future product capabilities and offerings and expected benefits to ServiceNow. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. If any such risks or uncertainties materialize or if any of the assumptions prove incorrect, ServiceNow’s results could differ materially from the results expressed or implied by the forward-looking statements made. ServiceNow undertakes no obligation, and does not intend to update the forward-looking statements. Factors that may cause actual results to differ materially from those in any forward-looking statements include: (i) delays and unexpected difficulties and expenses in executing the product capabilities and offerings, (ii) changes in the regulatory landscape related to AI and (iii) uncertainty as to whether sales will justify the investments in the product capabilities and offerings. Further information on factors that could affect ServiceNow’s financial and other results is included in the filings ServiceNow makes with the Securities and Exchange Commission from time to time.
Zlato XAU/USD omezuje růst, protože stabilní výnosy amerických státních dluhopisů a silnější USD jeho růst omezují, zatímco trh očekává další zvýšení sazeb Fedu v prosinci.
Gold (XAU/USD) reverses a modest Asian session dip on Friday, though any meaningful appreciation seems elusive amid a modest US Dollar (USD) uptick. The energy-driven acceleration in US inflation lifted market bets for an imminent rate hike by the Federal Reserve (Fed). Moreover, US bond yields seem to have stabilized following Thursday's steep decline, which, along with escalating tensions in the Middle East, seems to underpin the safe-haven USD. This, in turn, might cap the upside for the precious metal as traders keenly await Fed Chair Kevin Warsh’s speech.
The US Bureau of Labor Statistics (BLS) on Wednesday reported a broad increase in consumer prices in September as the US-Israeli war with Iran kept oil prices elevated. Adding to this, the US Producer Price Index (PPI), published on Thursday, advanced 1.3% last month, marking the largest gain since March 2022, and the yearly rate soared to 6.3%. Excluding the volatile food and energy components, the core PPI climbed 0.7% and 5% on a monthly and yearly basis, respectively, suggesting that inflation is broadening out beyond energy products. Investors, however, seem convinced that the Fed will keep rates unchanged later this month.
Meanwhile, CME Group's FedWatch Tool indicates over a 90% chance that the US central bank will raise borrowing costs again at its December policy meeting. Hence, Warsh's remarks at the Annual Meetings of the International Monetary Fund (IMF) and World Bank Group, in Bangkok, will be scrutinized for more cues about the Fed's future policy path. The outlook, in turn, will play a key role in influencing the near-term US Dollar (USD) price dynamics and provide some meaningful impetus to the precious metal. In the meantime, persistent geopolitical uncertainties turn out to be another factor acting as a tailwind for the Greenback.
In fact, the Iran-backed Houthi group carried out a deadly missile attack targeting the presidential palace, the seat of Yemen's Saudi-backed and internationally recognised government in the southern city of Aden. Adding to this, French Foreign Minister Pascal Confavreux confirmed that France has started deploying its military assets in Saudi Arabia. Adding to this, the US military developed strike plans that include 'mother of all bombs' against Iranian energy infrastructure and nuclear sites. This raises the risk of a further escalation of tensions in the Middle East, which might continue to support the USD and cap the upside for gold.
XAU/USD 4-hour chart
Technical AnalysisThe XAU/USD pair, so far, has been struggling to find acceptance above the 100-period Simple Moving Average (SMA) and remains below the 61.8% Fibonacci retracement level of the July-August upswing. That said, the Moving Average Convergence Divergence (MACD) indicator is positive and rising, hinting at strengthening upside momentum. Adding to this, the Relative Strength Index (RSI) around 56 suggests mildly bullish conditions without reaching overbought territory.
However, it will still be prudent to wait for a sustained move beyond the $4,200 mark and the 61.8% Fibo. retracement at $4,238 before positioning for further gains toward the next upside barriers near the 50.0% retracement at $4,325 and the 38.2% level at $4,412. On the downside, immediate support is offered by the 78.6% Fibo. retracement at $4,115, which is followed by the $4,075-$4,065 horizontal support. A convincing break below the latter would make the Gold vulnerable to challenging the Fibonacci structural floor at $3,957.
(The technical analysis of this story was written with the help of an AI tool. Know more.)
Fed FAQs Monetary policy in the US is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability and foster full employment. Its primary tool to achieve these goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed’s 2% target, it raises interest rates, increasing borrowing costs throughout the economy. This results in a stronger US Dollar (USD) as it makes the US a more attractive place for international investors to park their money. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates to encourage borrowing, which weighs on the Greenback.
The Federal Reserve (Fed) holds eight policy meetings a year, where the Federal Open Market Committee (FOMC) assesses economic conditions and makes monetary policy decisions. The FOMC is attended by twelve Fed officials – the seven members of the Board of Governors, the president of the Federal Reserve Bank of New York, and four of the remaining eleven regional Reserve Bank presidents, who serve one-year terms on a rotating basis.
In extreme situations, the Federal Reserve may resort to a policy named Quantitative Easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used during crises or when inflation is extremely low. It was the Fed’s weapon of choice during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy high grade bonds from financial institutions. QE usually weakens the US Dollar.
Quantitative tightening (QT) is the reverse process of QE, whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing, to purchase new bonds. It is usually positive for the value of the US Dollar.
EUR/USD remains stronger after posting modest gains the previous day, trading around 1.1230 during Asian hours on Friday. The currency pair inches higher as the US Dollar (USD) declines following recent comments from key financial leaders.
Speaking at a fireside chat with International Monetary Fund (IMF) Managing Director Kristalina Georgieva in Bangkok, US Federal Reserve (Fed) Chairman Kevin Warsh reiterated the Fed’s commitment to price stability while refusing to prejudge upcoming policy meetings. Warsh highlighted that an investment surge is currently the most significant upside force in the global economy.
Meanwhile, US Treasury Undersecretary for International Affairs, Erin Browne, called on the IMF to take a more assertive approach to identifying global imbalances and urged a balanced outlook considering positive US-led economic shocks. She further cautioned that sharp, disorderly currency moves could trigger volatility across broader financial markets.
However, the Greenback gained support from stronger-than-expected inflation data released by the Bureau of Labor Statistics on Thursday. The US Producer Price Index (PPI) surged 6.3% year-over-year in September, its largest gain since 2022, easily topping the market consensus of 5.3% and following a revised 5.6% increase in August. On a monthly basis, the PPI rose 1.3%, significantly outpacing the 0.5% analyst estimate. Core PPI, which excludes food and energy, also came in hotter than expected, rising 0.7% month-over-month and 5.0% year-over-year.
Despite the elevated inflation figures, market expectations regarding Federal Reserve interest rate decisions remained largely unchanged. According to the CME FedWatch Tool, traders are pricing in a 72% probability that the central bank will keep rates steady. However, expectations for a rate increase in December have climbed to 92%.
On the European front, upside momentum for the EUR/USD pair remains constrained due to political uncertainty in Europe, particularly in France. European Central Bank (ECB) President Christine Lagarde emphasized that France must address its national debt challenges through fiscal consolidation, dampening speculation that the ECB might intervene by purchasing French bonds to contain rising yields.
While Lagarde noted that energy-driven inflation has not yet spread to the broader euro-area economy, supporting a cautious policy stance, ECB policymaker Gediminas Šimkus asserted that a rate hike this month remains an option if necessary. Markets continue to price in another ECB rate increase in December.
Euro FAQs
The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).
The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.
Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.
Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.
Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.
Stříbro XAG/USD druhý den v řadě roste a během asijského obchodování se pohybuje kolem 57,80 USD za trojskou unci, podpořeno poptávkou po bezpečných aktivech po výprodeji akcií.
Silver price (XAG/USD) extends its gains for the second consecutive day, trading around $57.80 per troy ounce during Asian hours on Friday. Silver prices advanced as a sharp selloff in equity markets triggered renewed safe-haven demand for precious metals. This capital flight into safer assets drove bond yields significantly lower, reducing the opportunity cost of holding non-yielding assets like Silver and offering broad support to the metal.
Adding to the bullish momentum, investors digested intensifying geopolitical risks in the Middle East. Tensions flared following escalating hostilities between Saudi Arabia and Iran-backed Houthi forces in Yemen, alongside an incident earlier in the week where an Iranian projectile struck and sank a Singapore-flagged container ship in the Strait of Hormuz.
Meanwhile, market participants continued to assess the Federal Reserve’s (Fed) monetary policy path, as recent robust US economic data bolstered expectations of tighter borrowing conditions. According to the CME FedWatch Tool, markets are currently pricing in a roughly 72% chance that the Fed will hold interest rates steady this month, while expectations for a rate increase in December have risen to 92%.
CTA short covering in rates spills over into precious metalsAccording to TD Securities, “CTAs are extremely active cross-asset today,” with “notable short-covering across the board in the rates complex.” This shift in positioning is “helping CTAs to reverse course on yesterday's large-scale gold selling,” while “silver, platinum and palladium are also all seeing CTA short covering,” easing some of the systematic pressure that has weighed on the precious metals space.
Technical Analysis:In the daily chart, XAG/USD trades at $57.80, extending its decline below both the short-term and medium-term trend metrics, which keeps the near-term bias bearish. The price is currently under the nine- and 50-day Exponential Moving Averages (EMAs), suggesting that rebounds remain capped while the broader downswing persists. The 14-day Relative Strength Index (RSI) at 38.85 stays in low-neutral territory, hinting at lingering downside pressure but not yet extreme oversold conditions, while the latest FXS Fed Sentiment Index reading at 127.51 reinforces the idea that macro policy expectations still lean against precious metals.
On the topside, immediate resistance aligns with the nine-day EMA at $58.81, where any recovery would likely stall initially, followed by a more solid barrier at the 50-day EMA near $62.46 that defines the upper boundary of the current corrective phase. With no clear nearby support levels derived from the available indicators, traders may look to recent lows and psychological round figures as provisional floors, while the bearish bias is expected to hold as long as XAG/USD trades below the clustered moving average resistance.
XAG/USD: Daily Chart(The technical analysis of this story was written with the help of an AI tool. Know more.)
Silver FAQs
Silver is a precious metal highly traded among investors. It has been historically used as a store of value and a medium of exchange. Although less popular than Gold, traders may turn to Silver to diversify their investment portfolio, for its intrinsic value or as a potential hedge during high-inflation periods. Investors can buy physical Silver, in coins or in bars, or trade it through vehicles such as Exchange Traded Funds, which track its price on international markets.
Silver prices can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can make Silver price escalate due to its safe-haven status, although to a lesser extent than Gold's. As a yieldless asset, Silver tends to rise with lower interest rates. Its moves also depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAG/USD). A strong Dollar tends to keep the price of Silver at bay, whereas a weaker Dollar is likely to propel prices up. Other factors such as investment demand, mining supply – Silver is much more abundant than Gold – and recycling rates can also affect prices.
Silver is widely used in industry, particularly in sectors such as electronics or solar energy, as it has one of the highest electric conductivity of all metals – more than Copper and Gold. A surge in demand can increase prices, while a decline tends to lower them. Dynamics in the US, Chinese and Indian economies can also contribute to price swings: for the US and particularly China, their big industrial sectors use Silver in various processes; in India, consumers’ demand for the precious metal for jewellery also plays a key role in setting prices.
Silver prices tend to follow Gold's moves. When Gold prices rise, Silver typically follows suit, as their status as safe-haven assets is similar. The Gold/Silver ratio, which shows the number of ounces of Silver needed to equal the value of one ounce of Gold, may help to determine the relative valuation between both metals. Some investors may consider a high ratio as an indicator that Silver is undervalued, or Gold is overvalued. On the contrary, a low ratio might suggest that Gold is undervalued relative to Silver.
US conglomerate 3M (MMM.N) plans to argue a landmark case brought by Australia over contamination from the company's use of PFAS "forever chemicals" in its firefighting foam is legally flawed, a court heard on Friday.
The claim against the Minnesota-based chemicals maker and its local unit is the largest ever brought by Australia, and seeks more than A$2 billion ($1.38 billion) in damages for past and future costs of contamination across 28 military bases where 3M's products were used.
Australia's case is that 3M knew or ought to have known the foam it made and supplied could damage the environment and harm people, but it failed to warn the government.
The foam's pollution interfered with people's ability to use and enjoy the water and land around the bases, creating what the government says amounted to a "public nuisance" under Australian law for which 3M should pay compensation.
"On Australian authority, the pleaded case does not comprise public nuisance," 3M's barrister Philip Solomon said at the first case management hearing for the lawsuit on Friday.
"The allegation against us alleged that we, the respondents, had the means to abate the nuisance, that we caused the nuisance, that were responsible for the particular or the special loss associated with the nuisance, and that in a broad sense, we had the ability to control the discharge of the nuisance," he added.
"We will in a number of pages set out why public nuisance as pleaded is not available."
In its defence, expected to be filed on December 11, 3M also plans to question whether another part of Australia's case — that the company breached consumer protection laws by making misleading claims about the foam's features and safety — was time-barred because the alleged conduct occurred decades ago, Solomon said.
PFAS are a group of manufactured chemicals that are widely used in products resistant to heat, stains, grease and water.
Research has linked exposure to PFAS to health issues including liver damage, lower birth weight and testicular cancer.
3M, which has faced thousands of lawsuits over alleged PFAS contamination, sold the firefighting foam in Australia from 1966 to 2003.
Australia has spent A$1.3 billion in dealing with the impacts of the contamination on the bases, including paying A$408 million in legal settlements to affected communities.
The defence department has also treated or removed more than 200,000 metric tons of contaminated soil and treated more than 13 billion litres of water.
LOS ANGELES, Oct. 15, 2026 (GLOBE NEWSWIRE) -- Sysco Corporation (NYSE:SYY), the leading global foodservice distribution company, is pleased to announce that the company has reached a historic agreement with the International Brotherhood of the Teamsters Locals 630 and 848, representing warehouse colleagues and delivery partners, respectively.
We recognize the disruption this situation has caused customers, colleagues and communities throughout the Los Angeles area, and we sincerely appreciate everyone’s patience and partnership.
“This agreement represents an important step toward restoring normal operations while preserving our ability to provide the dependable, responsive service our customers expect,” said Ron Phillips, Sysco’s Chief Human Resources Officer. “Throughout this process, we remained focused on reaching a resolution that supports our colleagues without accepting terms that could negatively affect customer service or contribute to avoidable operational disruptions in the future.”
While this strike was not about wages, economics or other working conditions, Sysco Los Angeles remains committed to providing colleagues with a great professional environment with opportunities for long-term growth and we hope to have more constructive engagements with the union going forward.
About Sysco
Sysco is the global leader in selling, marketing and distributing food and related products to customers who prepare meals away from home. This includes restaurants, healthcare and educational facilities, lodging establishments, entertainment venues, and more. Sysco operates 339 distribution centers, in 10 countries, with 75,000 colleagues serving approximately 730,000 customer locations. The company generated sales of more than $81 billion in fiscal year 2025 that ended June 28, 2025.
As the world’s largest food-away-from-home distributor, Sysco offers customized supply chain solutions, bespoke specialty product offerings, and culinary support to drive customers to innovate and optimize their operations. We act as a trusted business partner to our customers, helping them grow through our industry-leading portfolio that includes fresh produce, premium proteins, specialty products, sustainably focused items, equipment and supplies, and innovative culinary solutions.
For more information, visit www.sysco.com. For important news and key information for Sysco investors, visit the Investor Relations section of the company’s website at investors.sysco.com.
Akcie společnosti Cleanaway Waste Management během dne klesly o více než 4 % na 2,53 USD před pondělním termínem exkluzivní hloubkové prověrky EQT na převzetí společnosti za 3,13 USD za akcii.
Cleanaway Waste Management (ASX:CWY) shares fell more than 4% to $2.53 as the deadline approaches to finalise a proposed $9.4 billion takeover by Swedish investment group EQT.
The companies recently extended exclusive due diligence until 7am on Monday while progressing negotiations on an implementation deed for EQT’s $3.13-a-share proposal.
The latest share price sits around 19% below the proposed offer, reflecting investor uncertainty over whether the transaction will proceed.
Valuation under scrutiny
The bid comes after five years of broadly sideways share price performance, with Cleanaway trailing the wider market as labour costs, inflation and the expense of waste management have weighed on the business.
While a takeover would offer shareholders a premium to the current trading price, some commentary has questioned whether the proposal adequately values Australia’s largest waste management company.
Writing in The Australian, commentator Robert Gottliebsen argued that EQT’s offer falls below the underlying value of Cleanaway’s core operations.
He pointed to US waste disposal infrastructure businesses trading at around 14 times earnings before interest, tax, depreciation and amortisation.
Applying that multiple, Gottliebsen estimated Cleanaway could be worth about $12 billion, or roughly $4 a share, above EQT’s proposed offer.
Advokátní kancelář Rosen Law Firm vyšetřuje možné nároky akcionářů společnosti The Cooper Companies kvůli údajným zavádějícím informacím. Akcie COO 10. září 2026 po zveřejnění slabého výhledu klesly o 14,6 %.
New York, New York--(Newsfile Corp. - October 15, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of The Cooper Companies, Inc. (NASDAQ: COO) resulting from allegations that CooperCompanies may have issued materially misleading business information to the investing public.
SO WHAT: If you purchased CooperCompanies 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/cases/the-cooper-companies-inc/join 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 10, 2026, The Motley Fool published an article entitled "Why is Cooper Companies Stock Down 15% Today?". The article stated that Cooper Companies stock fell "after the company's earnings report disappointed Wall Street with weak guidance and a decision to not sell Cooper Surgical."
On this news, Cooper Companies' stock fell 14.6% on September 10, 2026.
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 has achieved the largest ever securities class action settlement against a Chinese Company. 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 billions 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.
-------------------------------
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/319224
Source: The Rosen Law Firm PA
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Hyperliquid [HYPE] faced strong downward pressure as the broader market weakened following lower-than-expected Consumer Price Index (CPI) data.
HYPE breached $80 support and fell to $78 before bouncing back. At press time, Hyperliquid traded around $79, down 1.7% over the past day.
Yet one whale chose to stake over $100 million in HYPE, taking a longer view as derivatives selling persisted.
Why did a Hyperliquid whale stake $100M?
With Hyperliquid below the $98 recorded three weeks earlier, some investors turned to staking for yield.
According to Onchain Lens, three new wallets linked to one whale staked 1.255 million HYPE, worth $100.43 million.
Source: Hypurrscan
The move suggested a willingness to keep those tokens committed to staking rather than immediately available for sale.
And the whale had company. Hyperscreener data showed over 439.9 million HYPE staked, worth $35.2 billion and representing roughly 44% of supply.
Source: Hyperscreener
Reported average Daily Staking stood at roughly 120,000 HYPE. Staking can limit immediately available supply, although it does not guarantee stronger prices.
Spot Exchange Netflows offered another sign of tokens moving away from trading venues..
Source: CoinGlass
At press time, Spot Netflow stood around -$2.4 million, compared with -$11 million the previous day. Outflows continued, but their net value narrowed considerably. These withdrawals coincided with staking activity, although the figures did not establish a direct connection.
Derivatives Remain a Thorn
Although staking continues to reduce the supply available for immediate sale, derivatives markets have turned stubbornly bearish.
Over the past day, for example, Hyperliquid saw $673.4 million in Futures Outflows and $592 million in inflows. Over this period, Netflow fell to- $80 million, suggesting that more capital flowed out of the futures market than entered it.
Source: Coinglass
For perpetuals, especially on Binance, sell volume rose to 2.02 million, with Net Buying at -3.5 million. High sell volume suggested that more sell orders were executed on Binance.
Source: Coinalyze
These two metrics suggest that the derivatives market is currently contributing to the selling pressure.
What’s Next for HYPE?
Although whales are turning to staking, it remains insufficient to absorb the pressure from derivatives.
For that reason, the market still leans bearish. A look at the Relative Strength Index (RSI) confirms this observation.
Source: Tradingview
The RSI fell deeper into the bearish zone, reaching 39 and reflecting increased bearish pressure. When this indicator sits at such low levels, it signals that weakness may persist.
If selling pressure continues, Hyperliquid is likely to extend its decline and fall to $75 in the short term. However, if staking manages to absorb the selling pressure, HYPE could defend $80 and target a move to reclaim $88 in the short term.
Final Summary
Hyperliquid whale staked 1.255 million HYPE, worth $100.43 million.
Hyperliquid [HYPE] breached the $80 support and fell to a low of $78 before slightly rising to $79.
President Trump stated in August that the Commodity Futures Trading Commission (CFTC) is working to integrate the crypto platform Hyperliquid into the U.S. market in a compliant manner. Hyperliquid, known for its Layer-1 blockchain and decentralized platform, runs on-chain order books supporting both spot and perpetual-futures markets. Despite its current exclusion of U.S. persons, the CFTC’s involvement suggests efforts to channel Hyperliquid’s activities through regulated U.S. intermediaries. This development could indicate a significant step towards broader regulatory acceptance of novel crypto platforms in the U.S.
Key Takeaways
President Trump’s statement suggests the CFTC is facilitating Hyperliquid’s integration into the U.S. market within regulatory frameworks.
Pricing indicates potential increased confidence in Hyperliquid, with implications for its native asset, HYPE.
The initiative may reflect a broader regulatory trend towards accommodating innovative blockchain platforms under U.S. law.
What to Watch
Observers should monitor the CFTC’s actions regarding Hyperliquid’s integration, as regulatory approvals or delays could impact market perceptions. Developments in U.S. regulatory policy towards blockchain platforms could influence future market scenarios, especially if Hyperliquid gains significant approval or faces setbacks. Market reactions to any formal announcements from the CFTC or Hyperliquid itself will be crucial in assessing the long-term implications for the crypto market.
Vana spustila novou aplikaci, která uživatelům umožňuje schvalovat a spravovat sdílení osobních dat mezi aplikacemi; síť od upgradu Vega vydělává při každém přesunu dat.
02 · The pet reads it back When you buy something online, you rarely think about Stripe. The shop shows you what you want, you tap pay, and Stripe handles everything in between: it checks the card, moves the money and keeps a record of the payment. Most people never see it. They only notice that paying works.
Your data should work the same way. Today we are releasing the new Vana App, built on that idea. It sits behind the apps you use. When one of them asks for some of your data, the Vana App shows you exactly what it is asking for and lets you decide. If you say yes, your data moves to that app with your permission, and the move is recorded.
The quickest way to see it is OpenPet, an app built by a team in the Vana Builder League. It takes about a minute, and it shows the whole flow from start to finish.
Data is more useful when it can move Your data sits in the services where you created it. Your sleep is in your ring's app. Your listening history is in your music app. Your spending is with your bank. Locked in those places, it does very little for you. The app that could do the most with it is usually a different app, built by someone else, with no way to reach it.
That is the problem Vana was built for. A person's data should be able to move to the app they choose, under their permission, with a record of what they agreed to. Vana is the open network it moves on, and it is already in use.
100+
1.5M
20M+
The new Vana App is how that works in your hands. Its job is to carry your data to the apps you choose, ask you first every time, and keep the record. The apps get to spend their time on what they are good at.
Why the app sits behind other apps Stripe became part of the internet's plumbing because every shop needed a checkout and almost none wanted to build one. A shop that uses Stripe gets to spend its time on what it sells.
Apps that want to use personal data face a harder version of the same problem. They have to connect to the services where the data lives, ask the person for permission, store the data safely, and let the person take it back. When every app builds that alone, every app does it slightly differently, and the person ends up with a different set of settings everywhere they go.
With Vana, a builder asks for the data and the Vana App handles the rest. The person sees the same permission screen wherever they go and has one place to see what they have shared and take it back. The builder gets data they could never collect on their own, with a record of what the person agreed to.
What happens when an app asks for your data Here is the flow as it runs in OpenPet.
You tap Connect in the app.
The Vana App opens and asks you to approve the request. It names the app asking (OpenPet), the source (your Oura Ring) and exactly what it wants (sleep, readiness and activity). Nothing moves until you approve.
You approve.
Your data is saved to your own Personal Server and passed to OpenPet with your permission. The permission is recorded.
You can take it back at any time.
That is recorded too.
That is the whole thing: one request, one decision, one record.
See it work in OpenPet OpenPet was built by a team in the Vana Builder League. Connect your sleep, readiness and activity data from an Oura Ring, and OpenPet turns it into a pet that reads your data back to you: your latest sleep score, your longest run of good sleep, the night your readiness dipped.
Your Oura Ring data is downloaded and saved to your own Personal Server before it reaches OpenPet.
The pet reads it back: “Your longest run of good sleep was 15 nights, ending 26 July.” It is a playful app on purpose. It shows that the data you already create can come back to you as something you enjoy, on your terms. The same flow works for any app built on Vana.
Your XP carries on The Vana community programme now lives at community.vana.org. Log in to see your XP and earn more. Your XP comes with you, and unclaimed XP does not expire.
This week, trying OpenPet earns 50 XP, and posting about OpenPet on X earns another 50 XP.
What this means Stripe earns a small fee each time a payment goes through. Since the Vega upgrade, the Vana network works the same way: it earns every time one person's data moves. Someone moves their data to an app. The app reads it. The network earns.
For you, it means the data you create can finally do something for you, and you stay in charge of where it goes. For builders, it means you can build on real data from real people without building permission, storage and records yourself.
Vana brings your data home. This week you can watch it happen.
SpaceX ve 2. čtvrtletí zvýšila tržby o 92 % na 7,8 mld. USD, ale vykázala čistou ztrátu 541 mil. USD při kapitálových výdajích přes 28 mld. USD za první pololetí.
Space Exploration Technologies (SPCX -2.33%) has proven itself to be the most prolific launcher of rockets in the world. Recently, the company launched three rockets in under 13 hours. The excitement of the feat helped the stock pop about 7% immediately following. Price volatility like this is normal for Elon Musk's space stock, but the cadence of launches is not really what investors should be watching. Instead, the company's ability to generate positive free cash flow one day is what I'm looking for.
SPCX Space Exploration Technologies$148.62-$3.54 (-2.33%)
NASDAQ · As of 4:00 PM ET 10/15/26
When SpaceX reported its second-quarter earnings, revenue jumped 92% to $7.8 billion, but the net loss of $541 million overshadowed it. That's an improvement over the $1 billion loss in the same quarter last year, but there's still a long way to go, and spending isn't slowing. Through the first half of 2026, SpaceX reported $4.6 billion in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA), but total capital expenditures exceeded $28 billion.
Yes, the IPO bought SpaceX some time, but at some point, Musk's company will have to reckon with the facts that spending on artificial intelligence has ballooned while revenue hasn't kept pace, and the launches aren't close to profitability. Right now, SpaceX has about $98 billion in cash and marketable securities. That's an impressive amount, but when you're spending close to $30 billion in just six months, the shortened runway scares me more than a flight to the moon.
Image source: Getty Images.
SpaceX is trading around $157 at the time of writing, valuing the company at approximately $2 trillion. Of course, SpaceX needs to spend more to make more, but at this price, there's simply no room for error, and if the company's free cash flow becomes increasingly negative, I'm not sure how long the valuation can be justified.
Three launches in 13 hours is an incredible feat, but it doesn't change the fact that a $2 trillion market cap is light-years ahead of SpaceX's fundamentals.
Catie Hogan 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.
Tomorrow's a big day for Apple (AAPL -0.28%) and for its legion of fans. The iPhone Duo, the company's first foldable phone, goes on sale at 8 AM ET/5 AM PT.
In its press release, Apple lists several "ways to save and pay, including leasing with Apple Upgrade, financing options, and carrier deals," a clear nod to the fact that not everyone will be able to pay the device's eye-popping $1,999 starting sticker price up front.
So, is the Duo likely to be a game changer for Apple? Here's what investors should expect from the hottest new device in Apple's product lineup.
Image source: The Motley Fool.
Why Apple might want to steal its own customersGiven the Duo's extremely high price point, it probably won't be that appealing to Android users looking to try out an iPhone for the first time. $2,000 is a hefty risk to take on a product you might not end up liking.
Plus, Android users already have foldable phone options in the Google Pixel 10 Pro Fold and the Samsung Galaxy Z Fold 8, both of which have received generally positive reviews. The biggest drawback for each also seems to be the pricing, at $1,799 for the Pixel and $1,899 for the Galaxy.
Because the Duo can essentially function both as a phone with a 5.4" screen and as a small tablet with a 7.6" screen, it seems more likely to appeal to Apple users who would otherwise buy an iPhone 18 Pro, iPhone Air, or iPhone 18 Pro Max, which have screen sizes of 6.3", 6.5", and 6.9", respectively.
That's not a bad thing, though. The aforementioned products start at $1,099, $1,199, and $1,299, respectively, so upgrading a customer from any of those products to the $1,999 Duo would bring in 54% to 82% more revenue for Apple. Notably, it even brings in more revenue than a purchase of a non-Duo iPhone and a $699 iPad Mini with its 8.3" screen.
How much revenue could Apple bring in from the Duo?Estimates vary as to how much the Duo's release could affect Apple's top line. Counterpoint Research anticipates 6 million Duo sales during 2026, while research firm IDC forecasts 10 million sales in the first 12 months.
Even if Apple could exceed those projections and sell about 5 million Duos per quarter at the starting price for a year, that would translate to $40 billion in annual revenue, just under 10% of Apple's 2025 revenue of $416.2 billion. Since most of those sales would likely come from existing Apple customers, it looks more like a nice boost to revenue than a "game changer."
However, the real game changer for Apple could be over the long term, as the Duo augments Apple's other upcoming new product, the HomeView.
AAPL Apple$342.00-$0.96 (-0.28%)
NASDAQ · As of 4:00 PM ET 10/15/26
Apple is making a serious play for the connected homeApple has long ceded the connected home market to rivals Amazon (AMZN +0.27%) and Alphabet's (GOOG +0.37%) (GOOGL +0.45%) Google. With no Apple options available, many longtime iPhone users set up Nest thermostats and Ring doorbells. Millions more opted for inexpensive Echo smart speakers over Apple's pricey $349 HomePod.
But starting on Nov. 13, Apple's HomeView smart device goes on sale. Consisting of a countertop or wall-mounted 7" Liquid Retina display powered by Siri AI, the $299 device will become the cheapest current-generation screen-based product Apple sells. It will use facial recognition to interface with compatible Apple Intelligence-enabled iPhones and iPads, offering up to 6 iPhone users personalized profiles and content.
With the launch of the $149 HomePod mini 2 on Oct. 30, it looks as though Apple is finally making a compelling case for household adoption and ecosystem streamlining. Having an Apple ecosystem in your home could, in turn, provide a powerful incentive for consumers to stick with iPhones and other Apple Intelligence-enabled devices like the Duo over competitors' products.
Image source: Getty Images.
What investors should look forWith Apple's market cap surpassing $5 trillion yesterday, investors should be looking for more than just a sold-out first run of a pricey, highly anticipated device.
Instead, investors should be looking for evidence that the Duo is in fact enticing Android users to switch and iPhone users to trade up. Evidence of gradual but sustained growth across the company's connected home products would also demonstrate that Apple's premium pricing strategy is working.
That said, rave Duo reviews and news of brisk sales would likely boost Apple's stock in the short run.
Microsoft AI CEO Mustafa Suleyman told employees an in-house model was better than a similar offering from OpenAI, one of the software giant's biggest customers and partners.
"We now have a stronger pre-trained base model than the model that currently powers GPT 5.6 Sol," Suleyman said during a town hall meeting with employees on Thursday. "And in fact, we used one-quarter of the compute that OpenAI used to train their model."
Pre-training is the first stage of building an AI model, when it learns patterns from huge amounts of text, images, and other information. This takes massive amounts of expensive computing power, so Microsoft could save money if it's worked out a way to do this more efficiently.
Microsoft announced the model, MAI-Base-2, earlier on Thursday.
Suleyman said Microsoft privately tested this model against OpenAI models, including one nicknamed "Spud" that powers GPT-5.6. He added that Microsoft's model performed better on tests measuring how well AI can understand and predict patterns in information.
The comparisons are based on technical information Microsoft has about OpenAI's models, Suleyman said.
"Privately and confidentially, we've also compared it to the OpenAI models," Suleyman told employees, while suggesting that Microsoft has special access to information on how OpenAI models perform.
It's notable that Suleyman would choose to highlight limitations of OpenAI models, even in private discussions. Microsoft has invested billions of dollars in OpenAI, and owns a stake in the startup that is likely worth more than $100 billion. Any criticism of OpenAI could potentially dent the value of this huge investment.
The two companies also have a major partnership, with Microsoft offering OpenAI models to its Azure cloud customers. Microsoft has used OpenAI models for its own products such as Copilot, too.
But the relationship between the two companies has frayed in the past year or so. Increasingly, Microsoft has tried to branch out from OpenAI, including by working on its own models.
Suleyman also said Microsoft's new AI model used "12 times less computation than was used for DeepSeek, for example, on compute efficiency."
Suleyman didn't specify which DeepSeek model, but a public blog post described the pre-training of MAI-Base-2 being a lot more efficient than a similar offering from the Chinese lab, called DeepSeek-V4-Pro-Base.
Microsoft in March created a new combined team for its commercial and consumer Copilot products and reassigned Suleyman to focus on building AI models in the company's superintelligence unit.
Microsoft declined to comment and OpenAI did not respond to a request for comment on Thursday.
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Threshold připravuje ověřitelné bitcoinové účty (Verifiable Bitcoin Accounts), které mají institucím umožnit využívat tBTC v DeFi, zatímco rezervní BTC zůstanou odděleně v jejich stávající úschově.
Public companies now hold approximately 1.29 million BTC across nearly 200 corporate balance sheets as of October 2026. For much of the past two years, the prevailing treasury strategy focused on accumulating Bitcoin and maintaining holdings in custody. That model is beginning to evolve. New Bitcoin collateral infrastructure, including Sui’s Hashi network, is preparing to launch this month, offering institutional access to Bitcoin collateral markets with more than $500 million in announced capital commitments. Meanwhile, Nasdaq listed Zhibao Technology announced a strategic collaboration with Bedrock on October 12 to explore deploying part of its 2,380 BTC treasury into onchain infrastructure, with institutional custody and compliance considerations forming part of the proposed framework.
Each of these structures has to answer the question a treasury manager will be asked by their board: who controls the Bitcoin once it leaves custody to work onchain. Deploying into DeFi has usually meant transferring it to an intermediary that holds it on the institution's behalf, and that transfer is where most of the counterparty risk in the trade sits.
In short: Institutions can deploy Bitcoin into DeFi without a centralized custodian by separating the Bitcoin from the instrument that moves onchain. The Bitcoin stays reserved in its own UTXO under threshold cryptography, while a 1:1 claim such as tBTC is deployed in its place. Redemption rights stay with an account the institution already controls, and anyone running a Bitcoin node can verify the reserve.Onchain Bitcoin Is Mostly Being Borrowed AgainstA snapshot of the tBTC contract on Ethereum at block 26,141,569 counts 4,152.96 tBTC on the network. Roughly 48% of it sits in Bitcoin-backed lending markets, which makes credit the largest single use of the asset.
Across the network, the supply splits into four uses:
Lending markets, about 48%. Aave alone holds 41.5% of all tBTC on Ethereum, roughly 1,725 tBTC, and three smaller lending markets add a further 6.1%.Outside the listed protocols, 32.7%. This is tBTC the snapshot does not attribute to any of the integrated venues it tracks.Ethereum layer 2 networks, 10.5%. tBTC bridged onward to networks built on Ethereum.DEX liquidity, 8.1%. tBTC supplied to trading pools.Holders are mostly posting Bitcoin as collateral and borrowing against it. Deploying Bitcoin into DeFi is in practice a financing decision, so the party a treasury has to evaluate is the market it borrows from.In a Lending Market, the Counterparty Is a RulebookA centralized lending desk sets its terms by contract and decides how it treats collateral on its own. When several such desks failed in 2022, one large lender's terms had treated deposited assets as loans to the platform, and its bankruptcy filing showed roughly $4.7 billion owed to users.
An onchain lending market publishes its terms as code instead. The two models differ on the points a risk committee checks first:
Centralized Desk vs Onchain Market | Threshold NetworkThe onchain model takes the discretionary custodian out of the financing trade, though venue risk stays. That risk attaches to whatever asset is posted as collateral, so the structure of the collateral decides how far it travels:
Bitcoin posted directly. Every venue event, from a liquidation to a contract failure, reaches the treasury's reserve.A 1:1 claim posted against reserved Bitcoin. Liquidations and venue failures affecting the claim do not reach the reserved coins.Depth Is the Constraint Institutions Will Hit FirstThe same snapshot shows how concentrated onchain Bitcoin credit is. One market holds about 87% of the tBTC sitting in listed lending venues, so a treasury deploying today would in practice be taking that market's code and governance as its main venue exposure.
Size raises a second question. Public companies hold about 1.29 million BTC, and 1% of that, roughly 12,850 BTC, is more than three times the 4,153 tBTC currently on Ethereum. A treasury deploying a quarter of a 2,380 BTC reserve would add about 595 BTC, around 14% of today's Ethereum tBTC supply.
Those numbers set the diligence questions a treasury manager should ask before choosing a venue:
Capacity. Can the target market's supply caps absorb the position?Share. What portion of the market would the position represent once it is in place?Exit. How long would the position take to unwind through that market's liquidity under stress?Governance. Who can change the market's parameters while the position is open, and with how much notice?Keeping the Reserve Out of the VenueVerifiable Bitcoin Accounts are Threshold's structure for separating the reserve from the venue. The Bitcoin stays in the institution's existing custody arrangement in its own reserved output, and only tBTC minted against it goes to a lending market; the mechanics are set out in the launch post and mapped against a full custody review in Who Controls the Bitcoin?
For the financing decision, the useful property is that venue selection and custody stop being the same choice. A treasury can size its tBTC position to what a market can absorb while the reserve behind it stays where its auditors already expect to find it. That matches how institutions say they want to operate, with 53% of respondents in the 2026 EY-Parthenon and Coinbase survey preferring a traditional finance platform with crypto capabilities that keeps digital assets inside existing portfolio and risk processes.
Where This StandsStatus: pre-deployment. Verifiable Bitcoin Accounts are not live yet, and the first live position depends on steps governed by the protocol. Treasury teams evaluating the model now can review the architecture and legal structure ahead of launch through the diligence pack, which is led by a custody-and-control brief that cites the code behind each claim and is available to qualified institutional participants on request. Request the Diligence Pack
Frequently Asked QuestionsCan an institution use Bitcoin in DeFi while keeping its existing custodian?
Yes. A Verifiable Bitcoin Account is funded with one Bitcoin transaction and operated from an Ethereum account within the institution's current custody stack, so the existing custodian relationship stays in place.
How is tBTC different from custodial wrapped Bitcoin?
Custodial wrapped Bitcoin relies on a single issuer holding a pooled reserve. tBTC is minted against Bitcoin secured by a 51-of-100 threshold signer set. With Verifiable Bitcoin Accounts. the coin sits in segregated accounts within the BTC network.
Is the reserved Bitcoin ever lent or rehypothecated?
With Verifiable Bitcoin Account, the reserved Bitcoin is excluded from lending and pledging by design. The protocol and its signers reject any attempt to combine a position's UTXO with any other funds.
How does a treasury or audit team verify a position?
Each position can be located directly from its Bitcoin outpoint. Every movement is a single-input, single-output transaction, so any Bitcoin node can reconstruct the full lineage back to the original deposit.Are Verifiable Bitcoin Accounts live?
They are pre-deployment, and the first live position depends on protocol governance steps. Qualified institutions can request the diligence pack ahead of launch.Check other Bitcoin Markets available onchain
