On October 29, 2026, Polygon announced Solana support for Open Money Stack, extending its payments infrastructure to bank payins, customer accounts, embedded wallets and fiat payouts around Solana balances. Polygon says those functions are live now, alongside routing between Solana, TRON and EVM chains.
The release covers the money flow around a Solana application: accepting a deposit, identifying its owner, holding funds, moving them to another asset or chain, and paying them out. Solana can remain the application’s settlement layer. Polygon supplies the surrounding banking, wallet and routing services. Applications can use them without first moving their balances onto Polygon.
From bank money to a Solana account
Customers can enter through bank transfers, cards, cash or crypto. Polygon says the fiat on- and off-ramp infrastructure is backed by money transmitter licenses across 48 US states and supports conversion between dollars and stablecoins on Solana. The licenses describe the ramp infrastructure’s regulatory footprint; availability of individual payment methods still depends on the jurisdiction.
Virtual accounts identify the owner of incoming bank money. Each customer or business receives an account into which transfers can arrive, allowing the operator to identify whose money it has received. The virtual account handles bank intake. After conversion, the funds sit in a Solana account, separate from the account used to receive the bank transfer.
Polygon offers custodial or embedded wallets for those balances. Its embedded wallets now support Solana through the same API used for EVM wallets. An application can create and manage customer accounts through that interface, keeping the wallet and chain operations behind its own product screens. The announcement also lists programmable controls over when and where money moves as available now.
The routing component supports $USDC, $USDT, $PYUSD, $SOL and wrapped $SOL. Polygon gives an example: an application can receive $USDC from an Ethereum wallet and settle in $SOL for a Solana user, or run the flow in reverse. The source asset, source chain and asset delivered to the recipient can differ within the payment flow.
At the other end, customers can convert Solana stablecoins into fiat dollars and receive money through a bank account, card or cash collection at a store. Polygon says that off-ramp stays inside the business’s product experience. A customer receiving a stablecoin payment can choose a fiat exit or keep the balance in a wallet.
Routing uses existing liquidity infrastructure
Polygon’s separate explanation of Solana routing identifies Trails as the cross-chain component of OMS. It describes routes between Solana and more than 20 EVM chains in either direction. Named destinations include Polygon, Ethereum, Base, Arbitrum, Optimism and Avalanche. The page links to a live swap application and an interactive demo where developers can inspect the transaction experience.
The Trails documentation explains what sits beneath that interface. Trails aggregates a user’s wallet balances across chains and sources liquidity from existing infrastructure, including bridges, fillers and solvers. Its routing service sends flow to those systems. An application can remove the bridge-selection screen, but the underlying bridge or liquidity provider remains in the execution path when the chosen route requires it.
An application begins by defining an intent: the transaction it wants to complete, its destination chain and the token involved. Trails checks whether the transaction can succeed with assets already held on the current chain. If it can, the documented path is a direct call. Otherwise, Trails presents the user’s aggregated balances so the user can select a funding route.
The wallet confirmation deposits the requested amount into what Trails calls an intent address. Trails then handles the required swaps, bridges and execution. Developers can also supply calldata for an arbitrary smart-contract function at the destination. The documented mechanism can orchestrate that transaction as well as handle transfers of the same asset between wallets.
Trails also documents alternative gas payments for permit-compatible tokens. Where that mechanism is available, the widget offers fee-token choices alongside native gas. The user signs an off-chain permit, and the relayer deducts the fee from the selected token balance without a separate on-chain approval transaction. This permit mechanism applies to compatible tokens; the documentation does not describe it as a general method for handling Solana gas.
Polygon’s routing disclosure retains the infrastructure risks. Cross-chain functionality can depend on blockchain networks, smart contracts and third-party bridges outside Polygon’s control. The same disclosure says licensed partners may carry out regulated money services, including fiat ramps. A route can involve a provider handling the fiat payment and separate infrastructure executing the on-chain transaction.
Components can be adopted separately
Solana businesses can use the entire stack or select individual components while retaining their existing wallet, compliance provider, ledger or settlement rail. An operator can add routing or account infrastructure without replacing every provider in its payments system. Polygon offers the stack to fintechs, payment applications, marketplaces and other platforms building on Solana.
Its creator-payment example starts with a fan paying by dollar debit card. OMS converts the payment into a stablecoin on Solana and routes it across borders; the creator receives crypto or cashes out to a bank account. The announcement presents this as an illustrative workflow, not a named customer’s production transaction. It combines a card-funded payment with the recipient’s choice of bank or crypto delivery.
Polygon’s broader OMS product page qualifies the stack’s rollout. Its FAQ says many components are live while more components, including a single API for easy integration, are forthcoming. The Solana announcement says the listed payment functions are live now. Polygon has not reconciled the two descriptions on those pages, leaving the scope of the unified integration interface unclear.
The network out-added every other chain in a single day as USDT continues to treat TRON as its home base
TRON added $279.5 million in stablecoin market capitalization over a 24-hour period, more than any other blockchain over the same stretch.
That figure, recorded as of October 29, 2026, puts TRON back at the front of the daily stablecoin growth table.
The numbers behind the move
TRON hosted approximately $94.2 billion in stablecoins as of late October 2026. Nearly all of it is one asset.
Tether’s USDT accounts for $92.197 billion of that total, a 97.87% share of TRON’s stablecoin supply.
USDT on TRON also set an all-time high above $92.7 billion during this period. That came while global USDT supply held relatively steady at approximately $184 billion.
The 24-hour gain was not a one-off. In mid-October 2026, TRON added around $554.9 million in stablecoin market cap over a single week.
The total did move around within the month. By mid-October, TRON’s stablecoin cap sat at approximately $95.3 billion, compared with the approximately $94.2 billion figure later in October.
A quarter of heavy lifting
In the third quarter of 2026, TRON settled $2.21 trillion in stablecoins.
That works out to an average of around $24.05 billion per day. It also represented 73% of global stablecoin transfer volume for the quarter.
TRON’s share of total stablecoin market cap also climbed during the quarter. It rose to 30.2% by the end of Q3 2026, up from 28.7% in June 2026.
Why stablecoins keep landing on TRON
TRON’s appeal for stablecoin users has centered on low costs and fast settlement. For payments and remittances, those two features matter more than almost anything else.
The network has also picked up a new institutional on-ramp. The first US spot staked TRX ETF has broadened access to TRON for traditional investors, giving the ecosystem exposure beyond the crypto-native crowd.
What this means
For Tether, TRON’s growth reinforces an already deep dependency. With $92.197 billion of USDT living on one network out of a global supply of approximately $184 billion, a large portion of Tether’s footprint rides on TRON’s continued reliability.
Key things to watch include whether TRON’s share of total stablecoin market cap keeps climbing past 30.2%. Another is whether the network’s weekly additions, like the $554.9 million logged in mid-October, become a steady pattern or stay episodic.
The gap between the mid-October total of approximately $95.3 billion and the later approximately $94.2 billion figure is also worth tracking. Daily leaderboards capture momentum, but monthly totals reveal whether money is actually accumulating or simply cycling through.
Finally, global USDT supply is the backdrop for everything. If it stays relatively flat near approximately $184 billion, TRON’s gains increasingly come at the expense of other chains rather than from new dollars entering the system.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Want to Own a Piece of Professional Sports? This ETF Could Be Your TicketChurchill Downs NASDAQ: CHDN reported record third-quarter net revenue of $696 million and record adjusted EBITDA of $264 million, led by gains in its wagering services and solutions and gaming segments. The company also outlined plans to sell nine wholly owned regional gaming properties, expand its horse-racing and historical racing machine businesses, and launch a new Thoroughbred Championship Series in 2027.
Chief Executive Officer Bill Carstanjen said the company expects to announce executed transactions for the regional gaming properties by year-end. He said the assets are generally newer and better maintained than comparable properties and produce strong cash flow. Churchill Downs plans to use proceeds from the sales to reduce leverage, repurchase shares and selectively invest in Churchill Downs Racetrack and other growth projects.
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Churchill Downs: The Derby Is Just the BeginningThe board authorized a new $750 million share-repurchase program during the week of the earnings call. Chief Financial Officer Marcia Dall said the company repurchased more than $48 million of shares during the third quarter and another $76 million between Oct. 1 and Oct. 27. The board also approved a 7% dividend increase payable Jan. 5, 2027, marking the company’s 16th consecutive year of dividend-per-share increases.
Regional Gaming Sale and Capital Position Carstanjen said the regional gaming divestiture process, being managed with Macquarie Capital, was progressing well despite higher interest rates and consumer uncertainty affecting the broader mergers-and-acquisitions market. Each of the nine properties has been marketed individually, he said, meaning the outcome is expected to consist of several smaller transactions rather than a single sale.
Why Flutter Entertainment May Be a Resilient Sports Betting StockDall said the company generated $603 million in free cash flow, or $8.59 per share, through the first nine months of 2026. Churchill Downs spent $57 million on maintenance capital and $119 million on project capital during that period. It now expects full-year maintenance capital spending of $90 million to $100 million and project capital spending of $160 million to $180 million. Project capital spending is expected to total $200 million to $250 million in 2027.
Bank leverage was 3.8 times at quarter-end. The company expects leverage to remain about 3.8 to 3.9 times through year-end before declining below 3.0 times after completing the regional gaming asset sales, Dall said.
Kentucky Derby Growth and Thoroughbred Championship Series Carstanjen described Churchill Downs Racetrack and the Kentucky Derby as the company’s “crown jewel” and said the company is working to broaden the event’s reach and earnings power through capital projects, guest-experience improvements, sponsorships, media engagement and new wagering products.
Ticket demand for the 153rd Kentucky Derby, scheduled for early May 2027, was ahead of the comparable pace for the prior year’s Derby, according to Carstanjen. In closing remarks, he clarified that ticket sales were up about 25% year over year and that roughly 40% of overall ticket inventory had been sold at that stage of the sales cycle.
Construction is underway on Victory Run, a new seating and hospitality development located just past the finish line. The project is scheduled for completion ahead of the 2028 Derby. For 2027, the area will include interim covered stadium seating and enhanced amenities. The completed development is planned to feature private suites, indoor and outdoor dining, and covered box seats.
The company also announced a multiyear partnership with Visa, which will become the preferred payment partner of Churchill Downs and the Kentucky Derby. Carstanjen said the arrangement includes sponsorship and hospitality elements as well as exclusive Derby Week offers and experiences for Visa clients and cardholders.
In 2027, Churchill Downs plans to launch the Thoroughbred Championship Series, or TCS, in partnership with the New York Racing Association. The Derby division will include six races beginning with the Kentucky Derby and continuing through the Belmont Stakes, a July race at Churchill Downs, two Saratoga races and a September championship race at Churchill Downs. The series will provide an additional $5 million in prize money beyond the individual race purses.
The Oaks division will include four races for fillies, beginning with the Kentucky Oaks. The top three horses will share a $1 million prize pool, and the winner will be invited to compete in the Derby division’s championship race for an opportunity to earn an additional $1 million bonus.
Carstanjen said the TCS is intended to create a season-long narrative around horse racing, with potential revenue opportunities from wagering, admissions, sponsorships, licensing, media rights and hospitality. He said the company expects wagering to contribute early, while media-rights development will take longer.
HRM Expansion and Gaming Trends In the live and historical racing segment, Kentucky HRM properties delivered record revenue, while adjusted EBITDA increased 10% from the prior-year quarter. Dall said Southwestern and Northern Kentucky locations posted double-digit adjusted EBITDA growth, and Louisville venues also produced a strong quarter.
Virginia adjusted EBITDA declined by $6 million excluding a one-time business interruption insurance recovery recorded in the prior-year period. Central Virginia venues faced competition from the temporary Petersburg casino, which opened in January, along with approximately $5 million in expenses tied to a new tax on live racing days that took effect July 1.
In Northern Virginia, The Rose continued to grow both year over year and sequentially, driven by rated and unrated play, customer awareness, marketing and higher spending per visit. Carstanjen said the company believes the market has significant room for further development.
Churchill Downs received final county approval to relocate and expand its Collinsville HRM venue to Henry County, closer to the North Carolina border. The company expects to acquire land for a 150-unit venue. It is also awaiting referendum results in Pulaski and Amherst County that could allow two additional 150-machine locations. The company currently operates about 4,700 HRMs in Virginia and has the right to deploy up to 5,000 across 10 sites.
The company is also expanding electronic table games. Roulette games have attracted new customers and reactivated inactive HRM customers in Kentucky, Carstanjen said. Churchill Downs expects to introduce craps electronic table games near year-end and is developing blackjack games for 2027.
In New Hampshire, Rockingham Grand Casino remains on schedule and on budget for a mid-2027 opening at The Mall at Rockingham Park in Salem. The property is expected to include roughly 800 to 850 HRMs and slots, 32 table games and an event center.
TwinSpires and Consumer Trends TwinSpires, the company’s online horse-racing wagering platform, continued to post wagering and EBITDA growth, Carstanjen said. Recent product additions include Jackpot 8, which requires bettors to select the first eight finishers in exact order, and Easy Bets, which allows wagers on odd- or even-numbered horses. The platform also introduced AI-based features including Paddock PRO AI and AI Race Preview.
Within the gaming segment, adjusted EBITDA increased 4% from the prior-year quarter. Nearly all wholly owned regional gaming properties grew compared with the same period a year earlier, while same-store margins were consistent with the prior-year quarter. Dall said consumer trends improved both year over year and sequentially, with higher-value rated play supporting growth and lower-value unrated play remaining resilient.
About Churchill Downs (NASDAQ:CHDN)Churchill Downs Incorporated NASDAQ: CHDN is a gaming, racing and entertainment company best known for operating Churchill Downs Racetrack in Louisville, Kentucky, the home of the Kentucky Derby. The company traces its history to the opening of Churchill Downs in 1875 and has expanded its operations beyond traditional Thoroughbred racing.
Its business activities include live and historical horse racing, pari-mutuel wagering, casino gaming, video lottery and related entertainment offerings.
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the "long context," investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at SharkNinja, Inc. (SN - Free Report) , a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. SharkNinja, Inc. currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of "A or B" outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market? In order to see if SN is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For SN, shares are up 5.29% over the past week while the Zacks Consumer Products - Discretionary industry is up 1.53% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 10.02% compares favorably with the industry's 0.18% performance as well.
While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of SharkNinja, Inc. have increased 8.82% over the past quarter, and have gained 107.49% in the last year. In comparison, the S&P 500 has only moved 4.52% and 13.57%, respectively.
Investors should also take note of SN's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now SN is averaging 1,126,720 shares for the last 20 days..
Earnings OutlookThe Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SN.
Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SN's consensus estimate, increasing from $6.54 to $6.55 in the past 60 days. Looking at the next fiscal year, 3 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom LineGiven these factors, it shouldn't be surprising that SN is a #2 (Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep SharkNinja, Inc. on your short list.
Harley-Davidson, Inc. (NYSE:HOG) stock declined on Thursday after the motorcycle maker reported weaker-than-expected fiscal 2026 third-quarter results that missed Wall Street expectations.
However, the company raised its full-year outlook for global motorcycle retail sales as well as operating income for its Motorcycle and Financial Services segment.
• Harley-Davidson shares are testing new highs. Why did HOG hit a new high?
Third-Quarter Results Miss ExpectationsThe company reported diluted earnings of 40 cents per share, missing the analyst consensus estimate of 48 cents.
Revenue from Harley-Davidson Motor Co. (HDMC), its motorcycle business, declined 10% to $964.02 million, missing the Street estimate of $1.06 billion.
Artie Starrs, president and CEO, said the company is executing its Back to the Bricks strategy, focusing on dealer profitability, inventory management and product launches such as the Super Glide and Deadwood, which have been successful in boosting market share.
Motorcycle Sales and Operating PerformanceHDMC global motorcycle shipments declined 8% year over year to 33,616 units in alignment with the company’s Back to the Bricks strategy.
Worldwide retail motorcycle sales edged up 5% to 35,833 units, driven by growth in North America and Asia-Pacific. North America grew by 9%, Asia-Pacific grew by 1% overall, while Australia and New Zealand grew by 15%. Retail sales in Europe, the Middle East and Africa declined by 5%, while in Latin America they declined by 7%.
North America retail sales, with 25,603 units, represented the company’s fourth consecutive quarter of year-over-year growth, demonstrating continued progress in Harley-Davidson’s core market.
Global dealer inventory of new motorcycles was down 26% year over year and down 6% sequentially.
Motorcycle revenue decreased 11% to $822 million. Parts and accessories revenue declined 9% to $167 million, while apparel and licensing revenue fell 3% to $62 million.
Gross margin expanded by 173 basis points to 28.1%, driven favorably by manufacturing and foreign exchange, partially offset by unfavorable product mix, net pricing, and raw materials costs.
HDMC adjusted EBITDA increased 0.3% to $93.9 million, with the adjusted EBITDA margin expanding to 9.7% from 8.7%.
Harley-Davidson Financial Services PerformanceAt Harley-Davidson Financial Services, revenue fell 58% to $111 million and operating income dropped 98% to $11 million as the company continued transitioning to its capital-light financing model.
Operating margin declined to 9.7% from 168% a year earlier, while total retail loan originations were up 4%.
Consolidated Revenue and Profit DeclineOn a consolidated basis, Harley-Davidson reported revenue of $1.08 billion, down 19% year over year, while net income attributable to the company declined 89% to $43 million.
The decline was primarily as a result of Harley-Davidson Financial Services’ sale of the majority of its securitization beneficial interests and retail finance receivables in the prior year.
Diluted earnings per share fell 87% from a year earlier to 40 cents.
Cash and cash equivalents as of Sept. 30 increased to $2.08 billion from $1.78 billion a year earlier.
During the quarter, the company returned $110 million in total capital, including $91 million in shares repurchases and $19 million in cash dividends.
Harley-Davidson Raises 2026 Sales and Profit OutlookHarley-Davidson raised its fiscal 2026 outlook for HDMC global motorcycle retail sales to 135,500 to 139,000 units from its previous forecast of 133,500 to 138,500 units.
The company also lifted its wholesale shipment guidance to the same range of 135,500 to 139,000 units.
The company now expects HDMC operating income of $25 million to $55 million, compared with its previous guidance ranging from $10 million to $50 million.
Harley-Davidson also increased its HDFS operating income outlook to $60 million to $70 million.
The company withdrew guidance for LiveWire, its electric motorcycle segment, announcing financial difficulties and no plan to fund its operating losses.
During the earnings call, management highlighted challenges including underperformance in Europe, supplier issues and tariff uncertainties, though the company is actively addressing these with strategic adjustments.
HOG Price Action: Harley-Davidson shares were down 0.61% at $29.68 at the time of publication on Thursday. The stock is trading near its 52-week high of $31.12, according to Benzinga Pro data.
Key Takeaways PAA leads ET in Return on Equity, debt management and six-month price performance.PAA's earnings per unit growth for 2026 and 2027 is better than ET in the past 60 days.ET offers a higher 6.66% distribution yield and a cheaper valuation, while PAA leads in distribution growth.
The companies operating in the Zacks Oil and Gas – Production Pipeline industry play a crucial role in the energy supply chain by facilitating the transportation, storage and distribution of crude oil and natural gas to end-use markets. Its extensive infrastructure ensures a steady supply of energy to households, industries and the transportation sector while strengthening energy security and supporting economic development. Midstream operations also enable the reliable delivery of essential raw materials for petrochemical and fertilizer manufacturing. With global energy consumption expected to rise, midstream companies are well positioned to benefit by transporting hydrocarbons to export terminals while supporting the growing adoption of cleaner energy sources and lower-carbon technologies.
Two prominent players in the U.S. midstream energy sector are Plains All American Pipeline L.P. (PAA - Free Report) and Energy Transfer LP (ET - Free Report) . Both companies operate extensive pipeline networks that play a vital role in transporting crude oil, natural gas and refined petroleum products across the United States. Their infrastructure supports the efficient movement of energy supplies to refineries, power generation facilities and end markets, offering a safer, more economical and reliable transportation alternative to rail and trucking.
Plains All American Pipeline specializes in the transportation, storage and marketing of crude oil and natural gas liquids (NGLs) across North America. Its well-established pipeline and terminal infrastructure is concentrated in major oil-producing regions, particularly the Permian Basin, allowing the partnership to capitalize on sustained production activity and growing transportation requirements. In addition, its largely fee-based operations and long-term contractual arrangements provide greater cash flow visibility while limiting exposure to commodity price volatility.
Energy Transfer, meanwhile, maintains a more diversified midstream business encompassing crude oil, natural gas, NGLs and refined products transportation, along with gathering, processing, storage and export operations. The company’s expansive infrastructure network and strong footprint in key production regions, including the Permian Basin, position it to benefit from growing domestic energy demand and export opportunities. Furthermore, strategic assets such as the Dakota Access Pipeline and its interests in energy export facilities strengthen Energy Transfer’s competitive position, expand market access and support long-term cash flow generation.
With U.S. oil and natural gas production continuing to grow, demand for midstream transportation, storage and processing services remains strong. Per a report from Fortune Business Insights, the global oil & gas pipeline market is projected to grow from $122.22 billion in 2026 to $195.09 billion by 2034. Against this favorable backdrop, a closer examination of the fundamentals of these two midstream firms can help determine which stock currently offers the more compelling investment opportunity.
PAA & ET’s Earnings Per Unit Growth ProjectionsThe Zacks Consensus Estimate for Plains All American Pipeline’s 2026 and 2027 earnings has increased 4.85% and 15.48%, respectively, in the past 60 days.
Image Source: Zacks Investment Research
The consensus estimate for Energy Transfer’s 2026 earnings has increased 1.76% in the past 60 days, while the same for 2027 decreased 0.59% in the same timeframe.
Image Source: Zacks Investment Research
Return on EquityReturn on Equity (“ROE”) is an important measure of financial performance that indicates how efficiently a company converts shareholder equity into profits. It highlights management’s effectiveness in utilizing invested capital to grow earnings and enhance shareholder value.
ET’s current ROE is 11.55% compared with PAA’s 12.13%. This indicates PAA’s management is utilizing its funds marginally better than ET.
Image Source: Zacks Investment Research
Debt to CapitalThe oil and gas midstream industry is capital-intensive. The firms operating in this space need to borrow to fund their capital projects. Interest rates are rising again, which can increase the capital financing costs of the firms.
At present, ET’s debt to capital is 57.52%, higher than PAA’s 37.13%. This indicates ET’s management is utilizing a higher percentage of debt to run its operations compared with PAA.
Image Source: Zacks Investment Research
PAA and ET’s Cash DistributionMidstream companies typically generate stable and substantial cash flows, supported by fee-based contracts and regulated tariffs that provide predictable revenue streams. Both Plains All American Pipeline and Energy Transfer benefit from these arrangements, enabling them to generate consistent cash flows and return a significant portion to unitholders through regular distributions.
PAA’s current cash distribution yield is 6.32%. The firm has raised its distribution five times over the past five years. The annualized average distribution growth for the past five years is 19.94%.
ET’s current cash distribution yield is 6.66%. The firm has raised its distribution 20 times in the past five years. The annualized average distribution growth for the past five years is 13.68%.
ValuationPlains All American Pipeline’s units are trading at a premium compared with Energy Transfer. PAA’s current trailing 12-month Enterprise Value/Earnings before Interest, Tax, Depreciation and Amortization (EV/EBITDA) is 10.88X compared with Energy Transfer’s 9.43X.
Image Source: Zacks Investment Research
Price PerformancePlains All American Pipeline’s units have gained 15.5% in the past six months compared with Energy Transfer’s rally of 2.6%.
Price Performance (Six months)
Image Source: Zacks Investment Research
Summing UpPAA and ET provide efficient midstream services across their operating territories, leveraging extensive infrastructure networks and a strong presence in the prolific Permian Basin.
Based on the above discussion, Plains All American Pipeline has a clear edge over Energy Transfer due to better ROE, lower percentage of debt usage, stronger earnings estimates movement and better price performance.
Considering the above facts, it is evident that Plains All American Pipeline, which currently has a Zacks Rank #2 (Buy), has stronger prospects compared with Energy Transfer, which has a Zacks Rank of 3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways JBHT's shares fell 17.8% in 12 weeks, but margin pressures and a premium valuation favor a cautious approach.
J.B. Hunt's intermodal volumes rose 8%, while brokerage volumes jumped 22% in the third quarter of 2026.
JBHT's revenues climbed 20.4% to $3.68 billion, but operating margin narrowed to 6.7% from 7.9%.
J.B. Hunt Transport Services, Inc. ((JBHT - Free Report) ) has lost 17.8% over the last three months, underperforming its industry and renewing the question of whether the retreat offers an attractive entry point. The latest operating trends provide reasons for optimism, especially in intermodal and brokerage demand.
3-Month Price ComparisonImage Source: Zacks Investment Research
The other side of the case is less comfortable. Costs are still limiting margin expansion, while the stock trades above key valuation benchmarks. That combination suggests investors should distinguish an improving freight backdrop from a fully repaired earnings profile.
JBHT Freight Demand Shows Improving Momentum
Intermodal volumes increased 8% year over year in the third quarter of 2026, with Eastern network loads up 18%. Management cited strong road-to-rail conversion demand, particularly in the East, as customers sought reliable capacity and favorable intermodal economics.
Integrated Capacity Solutions volumes rose 22%, adding another sign that freight activity is strengthening. Old Dominion Freight Line, Inc. ((ODFL - Free Report) ) is a major North American less-than-truckload carrier, giving investors a useful comparison with a freight model centered more heavily on LTL services.
J.B. Hunt Pricing Gains Support Revenue Growth
Third-quarter revenues increased 20.4% year over year to $3.68 billion. Intermodal revenue per load rose 11%, although the gain excluding fuel surcharge revenues was 2%, showing that both pricing and fuel-related revenue contributed to the headline increase.
Truckload revenue per load excluding fuel surcharges advanced 29%, while Integrated Capacity Solutions revenue per load increased 29%. Another trucking company, ArcBest (ARCB - Free Report) , provides freight transportation services and solutions. The company is based in Fort Smith, AR.
JBHT Costs Keep the Earnings Recovery Uneven
Companywide operating margin narrowed to 6.7% from 7.9% a year earlier even as revenues climbed. Higher purchased transportation, professional driver personnel expenses, equipment-related costs and insurance and group medical claims limited the benefit from stronger demand and productivity improvements.
Dedicated Contract Services operating income fell 22% to $81.7 million as driver, medical, insurance, equipment and onboarding expenses rose. Final Mile Services operating income dropped 76% to $1.6 million, reflecting lower revenues and higher purchased transportation expense.
J.B. Hunt Valuation Leaves Less Room for ErrorJBHT trades at 25.03X forward 12-month earnings, above the Zacks sub-industry multiple of 24.32X and its five-year median of 22.98X. The premium means the recent share-price decline has not pushed the stock into an obviously discounted valuation range.
That matters because margin recovery remains a work in progress. Stronger pricing can help absorb higher operating costs, but the current multiple leaves less room for execution setbacks if driver, insurance or purchased transportation expenses stay elevated.
JBHT Signals Favor Patience After the PullbackThe pullback has improved the entry price, but the evidence still supports a patient stance rather than an aggressive buying call. Demand, volume growth and pricing are moving in the right direction, while margin pressure and valuation continue to offset part of that progress.
JBHT currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It also has a Growth Score of B, Value Score of C, Momentum Score of F and VGM Score of C. The favorable Growth Score supports the earnings-growth profile, but the midrange Value and VGM readings and weak Momentum Score point to a mixed setup. The Hold rank reinforces a wait-and-watch approach while investors look for more consistent margin improvement.
Key Takeaways J.B. Hunt's 2027 revenues are projected to grow 10.1%, while earnings are expected to surge 33.9%.JBHT's Intermodal revenues climbed 20% to $1.83 billion in Q3 2026, driven by an 8% rise in volumes.J.B. Hunt's operating margin fell to 6.7% from 7.9%, while its 25.0X forward P/E exceeds historical levels. J.B. Hunt Transport Services, Inc. (JBHT - Free Report) is entering 2027 with improving freight demand, stronger pricing and a profitable brokerage business. Third-quarter 2026 revenues rose 20.4% year over year to $3.68 billion, while earnings increased 3.4% to $1.82 per share.
The recovery is not clean. Higher driver, insurance, fuel and purchased transportation costs continue to pressure margins, and the stock trades above its historical forward earnings valuation. That makes earnings execution increasingly important.
JBHT Growth Outlook Points to a Stronger 2027The Zacks Consensus Estimate calls for 2027 revenues of $15.26 billion, up from $13.87 billion projected for 2026. That implies sales growth of 10.1% as freight activity, pricing and customer demand improve.
Image Source: Zacks Investment Research
The earnings outlook is stronger. The consensus estimate for 2027 earnings is $9.70 per share compared with $7.25 for 2026, indicating projected growth of 33.8%. The estimates assume that stronger pricing and improving freight conditions translate into better profitability as cost pressures normalize.
Image Source: Zacks Investment Research
J.B. Hunt Intermodal Strengthens the Bull CaseIntermodal remains J.B. Hunt's largest business, generating 50% of 2025 revenues. In the third quarter of 2026, Intermodal revenues rose 20% year over year to $1.83 billion, while volumes increased 8%. Eastern network loads climbed 18%, supported by road-to-rail conversion demand.
The segment's scale, railroad relationships and network efficiency support its competitive position as customers seek reliable capacity. Schneider National, Inc. (SNDR - Free Report) is another large North American intermodal provider, while Hub Group, Inc. (HUBG - Free Report) offers intermodal, truck brokerage, asset trucking and dedicated transportation services. Their presence underscores the competitive importance of multimodal capacity and service reliability.
JBHT Margin Risks Complicate the RecoveryRevenue growth has not yet translated into consistent margin expansion. Companywide operating margin narrowed to 6.7% in the third quarter from 7.9% a year earlier as purchased transportation, fuel and insurance-related costs increased.
Dedicated Contract Services operating income fell 22% year over year to $81.7 million as driver expenses, medical claims, insurance premiums, equipment costs and new-business onboarding weighed on results. Final Mile Services operating income dropped 76% to $1.6 million, while driver availability also limited Intermodal's ability to capture additional demand.
J.B. Hunt Shares Carry a Premium ValuationJBHT trades at 25.0X forward 12-month earnings, above the Zacks Transportation - Truck sub-industry multiple of 24.3X and the stock's five-year median of 23.0X. The premium is not extreme, but it leaves less room for disappointment if margin recovery takes longer than expected.
The valuation therefore places more weight on earnings delivery. Stronger pricing, intermodal demand and brokerage profitability can support the case for upside, but investors are already paying above the stock's historical median for that improvement.
JBHT Ratings Point to Growth but Not a Clear BargainJBHT's improving 2027 earnings outlook and Intermodal momentum support a constructive fundamental view, but valuation and cost pressure argue against treating the shares as an obvious bargain. The risk-reward profile looks more balanced than compelling at current levels.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
It has a Growth Score of B, Value Score of C, Momentum Score of F and VGM Score of C. The Growth Score supports the improving earnings outlook, while the weaker Value and Momentum readings temper the near-term case. Taken together, the ratings favor patience rather than an aggressive buy stance.
The Waste Management industry is experiencing positive trends in government regulations, adoption of advanced technologies and an increasing awareness of environmental issues. Despite rising operating costs, the industry does not shy away from swift industrialization and urbanization. Per Mordor Intelligence, the global waste management sector is expected to see a 6.2% CAGR through 2032. The potential expansion of the global waste management sector can be attributed to better waste collection methods and rising volumes of waste in emerging markets.
Three promising stocks from the Waste Removal Services market are H2O America (HTO - Free Report) , Clean Harbors (CLH - Free Report) and Concrete Pumping Holdings (BBCP - Free Report) .
About the Industry
Companies in the Zacks Waste Removal Services industry play a vital role in the collection, treatment and responsible management of diverse waste types, aiming to minimize their impacts on the environment and public health. This market is categorized into distinct segments based on the kind of waste, including industrial, commercial, domestic and agricultural waste. The Industrial waste segment has gained significance due to the ongoing industrial expansion, creating a substantial demand for efficient waste management solutions. The market encompasses Collection and Disposal services. The Disposal services segment, primarily fueled by the growing need for waste recycling to mitigate environmental impacts, stands as the primary revenue-generating category.
What's Shaping the Future of the Business Services Industry?
Rising Importance of Environmental, Social and Governance (ESG) Goals: Waste management is a cornerstone of ESG principles, as it helps companies improve their ESG ratings by promoting environmental sustainability, fostering social well-being and upholding good governance. Per Grand View Research, the average ESG disclosure score for the waste management industry lies at 50-60%. Embracing responsible waste management meets legal requirements and aligns with consumer and investor desires for sustainable and ethical business practices. At present, waste management is not only a duty but also a chance for businesses to showcase their dedication to ESG values, which underpin lasting success and resilience.
Technology Drives Waste Management Industry Growth: Technology has become a vital component in waste management, addressing the challenges of waste generation and environmental impacts. This transformative correlation promises a more sustainable future. For instance, AI is emerging as a crucial tool to sort waste and keep recyclable materials from going into landfills. Advancing technology results in more effective, eco-friendly waste management, lowering the ecological footprint and promoting sustainability. Waste challenges can be mitigated using technology that leads us toward responsible waste management and a cleaner planet.
Innovations in Waste-to-Energy (WTE)Technology Aid: WTE comprises thermal (pyrolysis, incineration and gasification) and biological solutions (composting and anaerobic digestion), which play crucial roles in sustainable waste management. This technology transforms waste into energy via methods like incineration or gasification. Per a report by Fortune Business Insights, the Waste-to-Energy Market size is estimated to be $38.9 billion in 2026, expected to see a 3.6% CAGR through 2034. The rise is expected to be fuelled by the surge in the amount of waste generation, growing waste management concerns to meet sustainable living standards and increased focus on non-fossil fuels. The industry holds an important position in the era of clean energy, offering a renewable energy source and addressing the mounting challenges around waste management.
Increasing Operating Costs Are Concerning: Waste management is a time-consuming and complex process. It requires higher capital and operating costs to manage waste collection vehicles, bins and processing equipment, along with a huge number of workers. Such high operational expenses are anticipated to keep the bottom line of the companies in this industrial cohort under pressure.
Zacks Industry Rank Indicates Bright Near-Term Prospects
The Zacks Waste Removal Services industry, which is housed within the Zacks Business Services sector, currently carries a Zacks Industry Rank #75. This rank places it in the top 30% of 247 Zacks industries.
The group’s Zacks Industry Rank, which is the average of the Zacks Rank of all the member stocks, indicates a continued outperformance in the near term. Our research shows that the top 50% of Zacks-ranked industries outperform the bottom 50% by a factor of more than two to one.
Before we present a few stocks that you may want to consider for your portfolio, let us take a look at the industry’s recent stock market performance and current valuation.
Industry & S&P 500 Rises While Sector Plunges
The Zacks Waste Removal Services industry has moved up marginally over the past year. It outpaced the broader sector’s 12% dip but lagged the S&P 500’s 14.5% rally.
1-Year Price Performance
Industry's Trades Pricier Than Sector, Cheaper Than S&P 500
Based on EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation and amortization), which is commonly used for valuing waste removal services stocks because of their high debt levels, the industry is currently trading at 12.52X compared with the S&P 500’s 17.88X and the sector’s 10.31X.
Over the past five years, the industry has traded as high as 15.31X and as low as 11.43X, the median being 13.29X, as the charts below show.
EV-to-EBITDA
3 Waste Removal Services Stocks to Bet On
H2O America: This is a water utility, processing, distribution, wholesale and retail company. HTO’s Quadvest buyout solidifies its Texas operations and expands its customer base. During the first nine months of 2026, this acquired company’s active connections gained 14% year over year, while its development pipeline supports continued customer growth. Management anticipates this buyout to deliver earnings-accretive beginning in 2028.
HTO’s capital investment plan from 2026 through 2030 amounts to $2.7 billion and is anticipated to strengthen water infrastructure and operational prowess. This plan, accompanied by the Quadvest acquisition, is expected to fuel a 13% CAGR in rate base.
The ongoing rate cases in Connecticut and Maine seek recovery of infrastructure investments. Management anticipates nearly 80% of planned CapEx through 2030 to qualify for timely regulatory recovery, further raising top-line visibility. The organic earnings growth target set by management is at 6-8%, supported by customer wins, infrastructure modernization and regulatory rate relief.
HTO sports a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for the company’s 2026 earnings has been pinned at $2.8 and has been unchanged in the past 60 days. Its shares have risen 37% in a year.
Clean Harbors: This company provides hazardous and non-hazardous waste management services. CLH benefits from rising hazardous waste volumes, prudent pricing and an upsurge in demand for comprehensive waste management solutions. A recently commenced 10-year $600 million contract and manufacturing reshoring are expected to provide a clear view of revenue.
Rising demand for Per- and Polyfluoroalkyl Substances (PFAS) remediation, water treatment and disposal services acts as a growth catalyst. Management anticipates PFAS-related revenues to increase 30% in 2026, aided by a solid project pipeline.
CLH is increasing its dedicated data center investment target to $70 million. Additional growth in revenues from an escalation in demand for chemical cleaning, cooling system maintenance and recycling services is expected.
The recent EnviroServe and ES&H buyout expands service capabilities and offers synergies from integration. Meanwhile, higher production of premium Group III base oil, favorable re-refining spreads and operational prowess boost profitability and cash flow generation.
CLH carries a Zacks Rank #2 (Buy) at present. The Zacks Consensus Estimate for its 2026 bottom line has been kept at $9.94, moving up 2.3% in the past 60 days. Its shares have risen 43.7% in a year.
Concrete Pumping Holdings: This is a concrete pumping and concrete waste management services provider. BBCP benefits from rising demand for large-scale commercial and infrastructure projects, mainly data centers. An upsurge in education activity, accompanied by utilities and energy-related construction, supports fleet utilization and top-line growth.
Robust organic growth from Eco-Pan's concrete waste management business, driven by higher volumes, effective pricing and customer wins. BBCP’s profitability is strengthened by its operating model, which diversifies its revenues as well.
The company’s U.K. operations are strengthened by Templant temporary power acquisition, further broadening its offerings. Additional support is expected from the Republic of Ireland expansion, supporting long-term growth opportunities.
Improving profitability and prudent capital allocation aid growth investments. A liquidity position of $357 million and a dip in net leverage to 3.6X support the company for organic expansion, fleet investments and strategic buyouts.
BBCP carries a Zacks Rank #2 at present. The Zacks Consensus Estimate for its 2026 bottom line has been pegged at 19 cents, rising 11.8% in the past 60 days. Its shares have rallied 58% in a year.
Key Takeaways SFM's Q3 EPS fell 0.8% to $1.21, while sales grew 4.7% to $2.30 billion, with both missing estimates.Comparable sales fell 0.9% as weaker traffic and cyclospora disruptions pressured margins.SFM lowered its 2026 outlook, projecting 4.3% sales growth, a 1.7% decline in comps and EPS of about $4.80.
Sprouts Farmers Market, Inc. (SFM - Free Report) reported third-quarter 2026 results, wherein both the top and bottom lines missed the Zacks Consensus Estimate. Earnings of $1.21 per share fell 0.8% year over year and lagged the consensus estimate of $1.22.
Net sales increased 4.7% year over year to $2,304.7 million but missed the Zacks Consensus Estimate of $2,329 million. Strong new-store performance supported sales growth, while comparable-store sales declined 0.9%. A challenging consumer environment, weaker traffic and a cyclospora-related disruption weighed on performance.
SFM's Sales Trends Reflect Traffic ChallengesComparable-store sales declined 0.9% during the quarter, reflecting a 3.3% decrease in comparable transactions, partly offset by a 2.5% increase in the average basket size. Management noted that sales trends softened during August and September despite easing year-over-year comparisons. The cyclospora disruption hurt comparable sales by about 60 basis points.
E-commerce remained a bright spot, with sales increasing 12% and accounting for more than 16% of total sales. Sprouts Farmers also expanded its digital reach by adding Shipt as its fourth e-commerce platform. Meanwhile, Sprouts-branded products continued to outperform national brands within its stores, representing approximately 26% of total sales.
The company introduced more than 1,400 unique products during the quarter, strengthening its differentiated assortment. Management highlighted encouraging customer responses to affordable offerings, including family meals, organic sourdough and products addressing specific wellness needs.
Sprouts Farmers Sees Margin ContractionGross profit increased 3.5% year over year to $880.8 million from $851.1 million. However, gross margin contracted 50 basis points to 38.2%, primarily due to higher shrink associated with weaker sales due to cyclospora disruption, alongside elevated fuel costs. Benefits from self-distribution partially offset these pressures.
Selling, general and administrative expenses increased 4.6% year over year to $683.3 million. Management cited fixed-cost deleverage stemming from weaker comparable-store sales, partly offset by lower incentive compensation.
Operating income declined 2.9% to $152.8 million from $157.4 million in the year-ago quarter. Operating margin contracted approximately 60 basis points to 6.6%. Net income decreased 5.6% year over year to $113.4 million.
SFM Accelerates Its Store ExpansionSprouts Farmers opened 15 new stores during the third quarter, marking its highest quarterly opening cadence. The company also closed one underperforming location following lease expiration, ending the quarter with 504 stores across 25 states.
Management highlighted strong productivity from recently opened stores, with its 2026 store vintage exceeding expectations. The development pipeline remained healthy, supported by more than 105 executed leases and above 160 approved new stores. The company continues to target 42 net new store openings in 2026.
Sprouts Farmers Strengthens Its Customer StrategyManagement acknowledged that existing affordability initiatives have not sufficiently improved customer traffic. The company plans deeper investments in pricing, particularly across healthy essentials, conventional produce and differentiated products that influence shopping decisions.
Sprouts Farmers intends to introduce additional price reductions during the holiday season, followed by a revamped national pricing strategy in January. Management also plans to leverage loyalty data, personalized marketing and expanded self-distribution to improve customer engagement, freshness and operating efficiency.
SFM Maintains Financial FlexibilityFor the 39 weeks ended Sept. 27, 2026, operating cash flow totaled $555.1 million compared with $577.5 million in the prior-year period. Capital expenditures, net of landlord reimbursements, amounted to approximately $275 million.
Sprouts Farmers repurchased 1.1 million shares for $89 million during the quarter. Year-to-date repurchases totaled $299 million, leaving $537 million available under its existing authorization. Management now expects full-year share repurchases to exceed $300 million. The company ended the quarter with $228.7 million in cash and cash equivalents and no outstanding borrowings under its $600 million revolving credit facility.
Sprouts Farmers Lowers Its 2026 OutlookFor the fourth quarter of 2026, management expects comparable-store sales to decline between 2% and 4%, with earnings per share projected between 47 cents and 51 cents. The outlook incorporates approximately 90 basis points of gross margin pressure and 170 basis points of SG&A deleverage.
On a 52-week basis, management now projects full-year net sales growth of approximately 4.3% and a comparable-store sales decline of approximately 1.7%. Management had earlier guided net sales growth of 5.5% to 6.5% with comparable-store sales down 0.5% to up 0.5%.
EBIT is expected to reach approximately $605 million, while earnings per share are projected at approximately $4.80. SFM had previously forecasted earnings between $5.32 and $5.40 per share. Capital expenditures, net of landlord reimbursements, are expected to total approximately $310 million.
The additional 53rd week is expected to contribute approximately $190 million in sales, $20 million in EBIT and 16 cents in earnings per share.
Shares of this Zacks Rank #4 (Sell) company have plunged 43.2% over the past three months compared with the industry’s decline of 19.6%.
Stocks Looking Red HotDollar General Corporation (DG - Free Report) , a discount retailer, currently carries a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Dollar General’s current fiscal-year sales and EPS implies growth of 4.3% and 15.9%, respectively, from the year-ago figures. DG delivered a trailing four-quarter earnings surprise of 19.1%, on average.
Target Corporation (TGT - Free Report) , which operates as a general merchandise retailer, currently carries a Zacks Rank #2. TGT delivered a trailing four-quarter earnings surprise of 10.5%, on average.
The Zacks Consensus Estimate for Target’s current fiscal-year sales and EPS implies growth of 5.1% and 37.8%, respectively, from the year-ago figures.
BJ's Wholesale Club Holdings, Inc. (BJ - Free Report) , a leading operator of membership warehouse clubs, currently carries a Zacks Rank #2. BJ delivered a trailing four-quarter earnings surprise of 4.8%, on average.
The Zacks Consensus Estimate for BJ's Wholesale Club’s current fiscal-year sales and EPS calls for growth of 11.7% and 6.8%, respectively, from the year-ago figures.
According to official news, ListaDAO announced in a post that its smart lending markets and StableSwap v3 pools are fully launched, covering 8 pools and 18 markets on BNB Chain and Ethereum. Lista DAO stated that concentrated liquidity allows deposits of the same size to earn more trading fees, and liquidity providers (LPs) can borrow while generating fees, with a maximum liquidation loan-to-value (LLTV) ratio of 96.5%.
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Cysic has announced that its cross-chain bridge has fully recovered following the security incident, allowing users to resume bridging CYS between the Cysic mainnet and other supported chains. A total of 7,200,002 CYS tokens have been permanently burned on BNB Smart Chain.
On October 17, an attacker exploited a vulnerability in the cross-chain bridge’s message processing to mint 10 million CYS tokens without authorization. The attacker then sold approximately 7.2 million tokens and transferred around $727,000 in proceeds to Ethereum. Cysic subsequently suspended bridging services and blacklisted the attacker’s address to freeze the remaining ~2.8 million CYS. The project confirmed that assets in the mainnet and user wallets were unharmed.
The foundation previously announced plans to burn ~7.2 million CYS from reserves to offset the unauthorized minting and recalibrate token economics, and two burn transactions have now been completed.
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Canton plans to launch tokenized US stock trading as early as November 2, and is expected to become the first such case under the SEC's new rules.
Nasdaq-listed Canton Strategic Holdings (CNTN) announced an agreement with TSV, a permissioned tokenized securities trading platform on the Canton Network, to offer its common stock for trading in issuer-initiated tokenized form. The target launch date is as early as November 2, and the company expects this to become the first compliant tokenized onshore U.S. equities case under the U.S. Securities and Exchange Commission (SEC)’s Innovation Exemption Framework. The tokenized shares are issued by Fairmint, an SEC-registered on-chain transfer agent that maintains ownership records, with holders entitled to the same rights as Nasdaq stockholders. The trading will run via the Tradecraft protocol as an automated market maker (AMM), enabling nearly 24/7 trading and atomic settlement. Participants must complete identity verification and sanctions screening. The issuer-initiated model avoids the objection and notification processes typical of third-party tokenization schemes.
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HYPE continues its rally, breaking through $97, and is just $1 away from hitting a new all-time high.
According to HTX market data, HYPE has continued its rally, breaking through the $97 mark, surging over 20% in 7 hours, and is only $1 away from hitting a new all-time high. Earlier news, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into the U.S. regulated market.
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Strategy Perpetual Preferred Stock (STRC) rises to $99.95.
Strategy’s third-quarter financial results are upcoming, and its perpetual preferred stock STRC has climbed to $99.95, its highest level in 165 days. STRC is designed to trade around $100 via a floating dividend mechanism. When STRC nears par value, the company can raise capital through at-the-market (ATM) share issuances to purchase bitcoin — a route the market commonly dubs the "bitcoin money printer". Previously, after STRC fell below par value, such ATM offerings were temporarily halted.
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Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
Axis Robotics has issued a statement addressing the massive on-chain sell-off of AXIS tokens that took place between October 28 and 29. The project clarified that a total of 835 million AXIS tokens—accounting for 83.5% of the total supply, held by its core team, investors, and other locked allocations—remain stored in a vesting contract co-managed with Binance, which is verifiable on-chain. No tokens from these locked pools will be unlocked before the 12-month cliff period, and the recent sell-off was not driven by the team or investors exiting positions.
The project added that the sold tokens originated from the initial circulating supply outlined in its publicly released token economics, part of the ecosystem allocation. Given that some ecosystem recipients are not crypto-native users, the allocation was delivered via a single over-the-counter (OTC) counterparty under a written agreement with lock-up clauses. The sales were processed through exchange deposit routes and executed across hundreds of new addresses within hours of delivery. The project suspects the counterparty likely offloaded the tokens on the open market.
Earlier, on-chain detective ZachXBT disclosed that insider addresses linked to Axis Robotics (AXIS) dumped tokens, triggering a roughly 40% plunge in the token’s price.
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The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
Canadian AI model startup Cohere is undertaking a large-scale financing round, with a valuation of $20.5 billion — roughly triple its value a year ago. Cohere announced Thursday that it has completed the first tranche of this financing round, with a total expected size of up to $50 billion. It has secured investment commitments from backers including the Canadian government and NVIDIA, and the $6 billion investment from European retail giant Schwarz Group, previously disclosed, is also included. The Canadian government has agreed to invest up to $1.14 billion in Cohere. Canadian Prime Minister Mark Carney stated that Cohere plans to retain its headquarters in Canada and expects to build new computing infrastructure in the country by 2030, with an investment of around $1.2 billion. If the financing round is successfully completed, it will become the largest private financing in Canadian history, far exceeding previous records.
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Alphabet’s quarterly report filings disclose its AI exposure exceeds $1 trillion, with over one-third of the growth in its unfulfilled cloud contracts coming from joint ventures.
According to Bloomberg, Google parent company Alphabet's quarterly filing submitted on Thursday revealed artificial intelligence-related risk exposures not covered in the prior day's earnings call, and showed its AI risk exposure surpassed $1 trillion. Alphabet cited rapid growth in cloud service demand, with the expansion of its unfulfilled cloud contracts as evidence. Bloomberg noted that over a third of the growth in the quarter's unfulfilled cloud contracts came from a joint venture in which Alphabet holds a partial stake.
VIA Labs launched two-way cross-chain messaging between Stellar’s Soroban platform and Ethereum mainnet.
Developers can use it for stablecoin transfers, tokenized assets and cross-chain smart contract actions.
Transfers using the VIAT reference token finish in about one to three minutes.
VIA is waiving its protocol fee on Stellar routes during the launch period.
The news came during Stellar’s Meridian conference, alongside updates from Securitize and DTCC.
VIA Labs has launched cross-chain messaging between Stellar and Ethereum on mainnet. The new connection lets smart contracts on Stellar’s Soroban platform communicate with contracts on Ethereum.
The company announced the launch on October 28 at Stellar’s Meridian conference in Lisbon, Portugal. The event ran from October 28 to 29.
Messages can travel in both directions between the two networks. Separate versions are also available on each network’s test network.
How the Stellar and Ethereum Connection Works
Developers can use the system to move supported tokens, coordinate contract actions, and build apps for stablecoins or tokenized real-world assets. VIA Labs named cross-border stablecoin payments and automated contract execution as possible uses.
To show how transfers work, VIA Labs deployed a reference token called VIAT. It uses a burn-and-mint method to move tokens between chains.
When a user starts a transfer, the source contract burns the tokens. It then creates a message with the recipient’s address, the amount, and an optional memo.
VIA’s validators watch the source gateway and sign the message. A relayer then delivers it to the destination gateway, which checks the signatures and tells the token contract to mint the same amount.
The company says this keeps the total VIAT supply the same across both chains. Transfers usually finish in about one to three minutes.
Stellar uses seven decimal places for token amounts, while Ethereum uses 18. VIA’s client converts the amounts, so five VIAT sent from one network arrives as five VIAT on the other.
Fees, Security and Developer Tools
Users pay normal network fees, using Stellar’s native token on Stellar or gas on Ethereum. VIA is waiving its protocol fee on Stellar routes during the launch period, and its relayers cover costs on the receiving side.
People receiving tokens on Stellar need an existing funded account. VIA warns that tokens sent to an account that never existed on the network may be lost for good.
The deployment uses VIA’s VG1 smart contracts, which were audited by security firm Hashlock. Messages must come from contracts, not from regular wallet accounts.
For testing, VIA offers a faucet that gives out 100 VIAT per request on Stellar testnet and Ethereum Sepolia. Developers must update testnet addresses after Stellar’s quarterly testnet resets.
The launch follows Stellar’s September rollout of USDT0, which connected the network to Tether-backed stablecoin transfers through LayerZero. That service focuses on USDT liquidity, while VIA’s system supports general contract messaging.
On October 28, Securitize said it plans to add Stellar as its 17th supported blockchain for regulated assets. Securitize works with firms including BlackRock, Apollo and Hamilton Lane.
DTCC also discussed its planned Stellar integration for tokenized securities during Meridian. The company recently launched its tokenization service with 20 institutions and is targeting a public network rollout in 2027.
DeFi protocol Curve Finance and the Stellar Development Foundation announced that Curve has launched on the Stellar mainnet, marking its first non-EVM native deployment. The StableSwap feature is now available, enabling users to permissionlessly create liquidity pools, swap assets, and provide liquidity. Curve founder Michael Egorov stated that the expansion to non-EVM chains is partially driven by institutional demand, adding that Stellar is relatively aligned with existing EVM usage habits. The project also plans to roll out FXSwap after an audit is completed, though no timeline has been provided. According to DeFiLlama data, Curve’s current total value locked stands at approximately $1.27 billion.
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Canton plans to launch tokenized US stock trading as early as November 2, and is expected to become the first such case under the SEC's new rules.
Nasdaq-listed Canton Strategic Holdings (CNTN) announced an agreement with TSV, a permissioned tokenized securities trading platform on the Canton Network, to offer its common stock for trading in issuer-initiated tokenized form. The target launch date is as early as November 2, and the company expects this to become the first compliant tokenized onshore U.S. equities case under the U.S. Securities and Exchange Commission (SEC)’s Innovation Exemption Framework. The tokenized shares are issued by Fairmint, an SEC-registered on-chain transfer agent that maintains ownership records, with holders entitled to the same rights as Nasdaq stockholders. The trading will run via the Tradecraft protocol as an automated market maker (AMM), enabling nearly 24/7 trading and atomic settlement. Participants must complete identity verification and sanctions screening. The issuer-initiated model avoids the objection and notification processes typical of third-party tokenization schemes.
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Strategy Perpetual Preferred Stock (STRC) rises to $99.95.
Strategy’s third-quarter financial results are upcoming, and its perpetual preferred stock STRC has climbed to $99.95, its highest level in 165 days. STRC is designed to trade around $100 via a floating dividend mechanism. When STRC nears par value, the company can raise capital through at-the-market (ATM) share issuances to purchase bitcoin — a route the market commonly dubs the "bitcoin money printer". Previously, after STRC fell below par value, such ATM offerings were temporarily halted.
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Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
Axis Robotics has issued a statement addressing the massive on-chain sell-off of AXIS tokens that took place between October 28 and 29. The project clarified that a total of 835 million AXIS tokens—accounting for 83.5% of the total supply, held by its core team, investors, and other locked allocations—remain stored in a vesting contract co-managed with Binance, which is verifiable on-chain. No tokens from these locked pools will be unlocked before the 12-month cliff period, and the recent sell-off was not driven by the team or investors exiting positions.
The project added that the sold tokens originated from the initial circulating supply outlined in its publicly released token economics, part of the ecosystem allocation. Given that some ecosystem recipients are not crypto-native users, the allocation was delivered via a single over-the-counter (OTC) counterparty under a written agreement with lock-up clauses. The sales were processed through exchange deposit routes and executed across hundreds of new addresses within hours of delivery. The project suspects the counterparty likely offloaded the tokens on the open market.
Earlier, on-chain detective ZachXBT disclosed that insider addresses linked to Axis Robotics (AXIS) dumped tokens, triggering a roughly 40% plunge in the token’s price.
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The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
Canadian AI model startup Cohere is undertaking a large-scale financing round, with a valuation of $20.5 billion — roughly triple its value a year ago. Cohere announced Thursday that it has completed the first tranche of this financing round, with a total expected size of up to $50 billion. It has secured investment commitments from backers including the Canadian government and NVIDIA, and the $6 billion investment from European retail giant Schwarz Group, previously disclosed, is also included. The Canadian government has agreed to invest up to $1.14 billion in Cohere. Canadian Prime Minister Mark Carney stated that Cohere plans to retain its headquarters in Canada and expects to build new computing infrastructure in the country by 2030, with an investment of around $1.2 billion. If the financing round is successfully completed, it will become the largest private financing in Canadian history, far exceeding previous records.
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Alphabet’s quarterly report filings disclose its AI exposure exceeds $1 trillion, with over one-third of the growth in its unfulfilled cloud contracts coming from joint ventures.
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The DeFi protocol brings StableSwap to Stellar's mainnet to support stablecoin and tokenized asset trading, with FXSwap expected to follow after an audit.
Curve Finance has launched its StableSwap protocol on the Stellar blockchain, marking the decentralized exchange’s first native deployment outside Ethereum Virtual Machine compatible networks as it expands liquidity infrastructure for stablecoins and tokenized financial assets.
The integration, announced Thursday, brings Curve’s automated market maker to Stellar’s mainnet, allowing users to swap stablecoins, provide liquidity and earn trading fees through an initial set of pools.
Built with support from the Stellar Development Foundation, the deployment uses Soroban, Stellar’s smart contract platform, rather than the Ethereum-based technology underlying Curve’s existing integrations.
The launch is initially available through a beta interface at stellar.curve.finance, where users can connect compatible wallets, including Freighter, to trade assets and deposit liquidity.
Curve said the integration responds to institutional demand for deeper liquidity across Stellar’s stablecoin and tokenized asset markets.
“At Curve, we started exploring possibilities of launching beyond EVM chains if there is demand,” said Michael Egorov, Curve’s founder.
“Stellar looks like a good fit: it’s closer to the familiar EVM world than many other chains. And at the same time, the demand for Curve is there, and it comes from institutions.”
Curve brings StableSwap liquidity to Stellar’s tokenized asset markets
Curve’s StableSwap technology is designed for efficient trading between assets that maintain similar prices, such as stablecoins pegged to the same currency.
The protocol concentrates liquidity around their expected exchange rate, allowing traders to execute larger transactions with less slippage than conventional liquidity pools, provided the assets maintain their pegs.
Curve originally introduced StableSwap on Ethereum in 2020 and subsequently expanded the technology across multiple EVM compatible networks.
Stellar required a separate implementation because its smart contracts run through Soroban rather than the EVM. Curve said it rebuilt the protocol for Stellar while preserving its underlying pricing mathematics.
The integration targets an ecosystem already used by financial institutions to issue and transfer tokenized assets.
Franklin Templeton operates a tokenized money market fund on Stellar, while MoneyGram uses the network for payment services.
Stellar also supports issuer controls, including identity verification, asset freezes and clawbacks, allowing regulated financial products to operate alongside decentralized applications.
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, said the deployment could strengthen trading infrastructure for the network’s growing tokenized asset ecosystem.
“Stablecoins and tokenized assets only deliver real value when people can move between them efficiently, and Curve’s arrival gives developers on the Stellar network’s proven infrastructure to build those markets,” Dixon said.
The new liquidity pools could also provide infrastructure for lending applications, allowing protocols to exchange collateral during liquidations or enabling borrowers to close positions.
Curve said trading fees generated by its Stellar deployment will also contribute to the Curve DAO under the protocol’s existing fee arrangements.
Curve plans FXSwap expansion for stablecoin currency trading
Curve plans to introduce FXSwap on Stellar after completing its security audit, extending the deployment beyond assets that maintain the same price.
Unlike StableSwap, FXSwap is designed to facilitate trading between assets whose relative values fluctuate, including stablecoins pegged to different national currencies.
The protocol concentrates liquidity around prevailing market exchange rates rather than assuming a fixed peg, making it suitable for onchain foreign exchange transactions.
Curve said development is nearly complete, but it has not announced a launch date or confirmed which currency pairs will be supported.
The company also plans to expand its Stellar interface with permissionless pool creation, improved analytics and additional routing capabilities.
Its initial launch is described as a limited deployment, with the longer-term goal of bringing Curve’s broader liquidity infrastructure to Stellar.
Curve said Stellar will remain its only planned non-EVM expansion for the foreseeable future as it focuses on growing stablecoin liquidity and supporting tokenized asset markets on the network.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
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Airtm has partnered with Mastercard-owned stablecoin infrastructure provider BVNK to introduce wallet-based payments for users in emerging markets through a new integration built on the Stellar blockchain.
Summary
Airtm has partnered with Mastercard’s BVNK to allow users in emerging markets to pay participating retailers directly from their digital wallets. The integration will operate through the newly launched Airtm Connect platform, which connects digital asset companies with Airtm’s existing user network. Stellar will serve as the blockchain payment network for the integration, with the companies planning to begin rolling out the service in Q4 2026. The partnership will give Airtm access to Mastercard’s Global Money Platform, which supports traditional currency accounts, stablecoin payments and international money transfers. BVNK will become another infrastructure provider for Airtm, giving the company more options for handling customer deposits, incoming transfers and payments across different markets. According to an announcement made at the Stellar Meridian Conference on Oct. 29, the partnership will allow Airtm customers to pay participating retailers directly from their digital wallets using BVNK’s payment infrastructure.
The service will operate through Airtm Connect, a newly launched product that allows digital asset companies to connect their services with Airtm’s existing user network.
Both companies expect to begin rolling out the integration in the fourth quarter of 2026, with new options for customers to fund their wallets, receive payments and spend their balances at supported merchants.
Airtm Connect will support direct wallet payments Under the agreement, Airtm users will be able to make purchases at retailers supported by BVNK without having to move their funds to a separate payment service first.
Airtm Connect will provide the connection between the company’s digital wallet network and external financial service providers, including BVNK.
The integration will use Stellar as its underlying blockchain payment network, allowing transactions to be processed through infrastructure designed for low-cost transfers.
Airtm operates in emerging markets where customers often use digital dollars and alternative financial services to receive international payments, hold funds and access global commerce.
The company said its partnership with BVNK would help address difficulties customers face when moving money between digital wallets and conventional payment systems.
Rubén Galindo Steckel, CEO of Airtm, said the company has spent the past decade developing financial infrastructure that connects users in underserved markets with the global dollar economy.
“We believe payments should move natively on-chain – it’s simply a better way to move money,” Steckel said.
He explained that reliable funding services need to work alongside payment options that allow customers to spend their money.
According to Steckel, BVNK’s existing banking connections and stablecoin funding infrastructure will complement Airtm’s network of users and local payment services.
The partnership will provide Airtm with another infrastructure provider as it continues operating across jurisdictions with different banking systems, stablecoin regulations and access to liquidity.
Mastercard Global Money Platform joins the integration Airtm will gain access to Mastercard’s recently launched Global Money Platform through its partnership with BVNK.
The platform allows financial technology companies and businesses to manage traditional currencies, stablecoins, international transfers and payment accounts through a single application programming interface.
As previously reported by crypto.news, Mastercard introduced the service in October following its acquisition of BVNK earlier this year.
Nuvei, Marqeta, Ontop, Beem and Almond FinTech were among the first companies preparing to integrate the platform.
Its services include multicurrency accounts, currency conversion, payment cards and local bank transfers, allowing participating companies to select the functions they need.
Mastercard expects local bank payouts through Mastercard Move to support more than 40 currencies across over 200 countries and territories in 2027.
For Airtm, access to the platform will provide additional payment and banking infrastructure while allowing the company to maintain its existing relationships with customers.
Mastercard completed its BVNK acquisition in August under a deal valued at up to $1.8 billion.
The acquisition brought BVNK’s technology for stablecoin settlements, international payouts and treasury operations into Mastercard’s payments business.
Kimberly Mescal Julien, global head of partnerships at BVNK, said the Airtm agreement demonstrates how financial technology companies can connect digital wallets with everyday commerce.
She described Airtm Connect as a way for wallet providers to offer customers more opportunities to spend their funds through existing payment infrastructure.
Stellar will handle blockchain transactions The Airtm integration will use Stellar, which BVNK added to its stablecoin payments platform in September.
BVNK’s Stellar network integration made the blockchain available to business customers through its existing API, supporting payments, remittances and treasury transfers across more than 130 markets.
Customers can access Stellar without developing separate blockchain connections or replacing their current payment systems.
The network supports transfers between blockchain accounts and provides infrastructure for businesses handling digital asset payments across different markets.
BVNK’s existing Stellar connection will serve as the blockchain component of its arrangement with Airtm, while the companies’ respective services will handle wallet access and payment connectivity.
The announcement did not identify the stablecoins that Airtm customers will initially be able to spend through the integration.
Airtm plans to expand its payment infrastructure Beyond merchant payments, the partnership will give Airtm additional options for handling customer deposits and incoming transfers across its supported markets.
The company currently works with multiple financial infrastructure providers to serve users across different countries and payment systems.
According to Airtm, BVNK will become another provider within that network, allowing the company to offer different funding routes depending on customer needs and local availability.
Steckel said Airtm does not intend to depend on a single payment provider or blockchain network as it develops its international services.
“Our infrastructure strategy has always been about choice for Airtm and for our users,” he said.
The companies have scheduled the initial rollout for Q4 2026, although they have not announced which countries or participating retailers will receive access first.
VIA Labs has introduced a two-way cross-chain messaging system connecting Stellar’s Soroban smart contract platform with Ethereum’s mainnet, aiming to simplify interoperability for developers and users. The launch was announced during Stellar’s Meridian conference in Lisbon, which took place on October 28 and 29, and arrives as both networks expand support for decentralized applications and tokenized assets.
New interoperability for Stellar and EthereumStellar is an open-source payments network designed for fast, secure, and cost-efficient transfers, with its recent innovation, Soroban, delivering on-chain smart contract functionality. By integrating with Ethereum, one of the most widely used blockchain platforms, VIA Labs seeks to bridge the gap between two major blockchain ecosystems and foster broader adoption of cross-chain applications.
The messaging system allows smart contracts on the Stellar Soroban platform to communicate directly with those on Ethereum, enabling developers to move tokens, trigger actions on other chains, and create apps focused on stablecoin payments or tokenized real-world assets. This bi-directional connection is also available on the test networks of both blockchains, allowing projects to experiment before deploying to mainnet.
How the cross-chain process worksTo validate the capability, VIA Labs deployed a reference token, VIAT, which enables burn-and-mint token bridging between Stellar and Ethereum. When a user initiates a transfer, tokens are burned on the originating chain and minted on the destination chain. The source contract generates a message with essential details, which is then signed by VIA validators. A relayer passes this signed message to the receiving gateway, which checks the signatures before instructing a corresponding contract to mint new tokens.
Transfers typically complete within one to three minutes. The system also accounts for differences in decimal precision, as Stellar supports seven decimal places while Ethereum allows 18, ensuring transferred amounts remain consistent across both networks.
Mini dictionary: Soroban is Stellar’s smart contract platform, designed to provide flexible, secure, and efficient on-chain programmability for decentralized applications. Its integration with Ethereum broadens the scope for innovative cross-chain dApps.
Fee structure, security, and developer resourcesDuring the initial rollout, VIA Labs is waiving its protocol fee on Stellar-based transactions, with relayers covering the cost of token deliveries. Users must still pay standard network fees: Stellar’s native token for the Stellar network and gas for Ethereum.
To receive tokens on Stellar, recipients need a pre-existing funded account, and VIA Labs warns that sending to non-existent accounts could result in irreversible loss of funds. The system relies on VIA’s VG1 smart contracts, which underwent an audit by the cybersecurity firm Hashlock. Only smart contracts—not externally owned wallet addresses—are permitted to initiate these messages.
For testing purposes, VIA Labs provides a faucet distributing 100 VIAT per request on both Stellar testnet and Ethereum’s Sepolia testnet. Developers must occasionally update testnet addresses due to periodic resets on the Stellar testnet.
VIA Labs reports that cross-chain transfers are finalized in approximately one to three minutes and highlights their decision to waive protocol fees on Stellar routes during launch, offering additional relief for early users.
Broader ecosystem momentumThe launch follows Stellar’s recent introduction of USDT0, which enables Tether-backed stablecoin transfers using LayerZero, although LayerZero mainly targets USDT liquidity while VIA’s protocol is focused on generalized contract messaging. These developments signal increased activity in cross-chain and tokenized asset capabilities within the Stellar ecosystem.
At Meridian, Securitize, a digital asset and tokenization platform working with firms including BlackRock, Apollo, and Hamilton Lane, announced plans to add Stellar as its 17th supported blockchain for regulated assets. The Depository Trust & Clearing Corporation (DTCC), a leading clearinghouse in financial markets, also discussed its ongoing effort to integrate Stellar in its tokenized securities infrastructure. DTCC recently began providing tokenization services to 20 institutions and is targeting a public network rollout in 2027.
ProviderIntegrationFocusStatusVIA LabsStellar <> Ethereum messagingGeneral contract messagingMainnet liveSecuritizeStellar addition as 17th blockchainRegulated tokenized assetsPlannedDTCCStellar integration for securitiesTokenization service (20 institutions)In progress, public rollout in 2027LayerZeroStellar USDT0 rolloutUSDT stablecoin liquidityActive
Curve Finance has launched on Stellar, marking its first native deployment outside the EVM ecosystem.
Stellar users can create permissionless pools, swap assets, and provide liquidity through Curve’s interface.
The Stellar Development Foundation supported the deployment to expand stablecoin and tokenized asset trading.
Curve plans to introduce FXSwap on Stellar after its audit, targeting efficient cross-currency asset trading.
Curve Finance has launched on the Stellar mainnet, marking its first native deployment outside the Ethereum Virtual Machine (EVM) ecosystem.
The release brings the protocol’s audited StableSwap implementation to Stellar. Users can create pools permissionlessly, discover existing pools, swap assets, and provide liquidity.
The Stellar Development Foundation (SDF) supported the deployment, which was built for the network’s smart-contract environment.
The launch brings stablecoin-focused trading to a new network. The interface is now available at stellar.curve.finance for users.
StableSwap Brings Low-Slippage Trading to Stellar
Curve Finance is among the leading DeFi protocols for stablecoin trading. StableSwap is designed for low-slippage trading between stablecoins pegged to the same currency.
The model also covers other closely correlated assets. Curve Finance’s audited StableSwap implementation now operates on the network.
Michael Egorov, founder of Curve Finance, spoke about the move beyond EVM chains. He said, “
Egorov then addressed demand on the network. He continued, “
The use cases extend beyond standalone swaps. As liquidity develops, other applications can integrate these pools. The pools can then serve as trading venues for collateral liquidations.
They can also support exits from positions in lending and other financial applications. This gives asset issuers a way to develop trading venues for supported assets on the Stellar network. Users can create these pools permissionlessly, without needing approval.
SDF Backs the Deployment as FXSwap Plans Emerge
Denelle Dixon, CEO and Executive Director of the Stellar Development Foundation, commented on the launch. She said,
Dixon added, “ The SDF supported the deployment of the protocol on the network.
Curve also plans to bring FXSwap to the Stellar network once its audit is complete. FXSwap is designed for efficient trading between assets whose relative prices change. Examples include stablecoins pegged to different currencies.
FXSwap concentrates liquidity around market prices. This provides dedicated infrastructure for onchain currency conversion.
Meanwhile, Curve Finance’s integration gives developers and asset issuers new ways to build onchain markets. It also adds utility to stablecoins and tokenized assets. Users can access the deployment through stellar.curve.finance.
StableSwap is the first Curve deployment built for a chain outside the EVM. FXSwap follows once its audit is complete.
StableSwap is the first Curve deployment built for a chain outside the EVM. FXSwap follows once its audit is complete.
Curve is opening its technology to the Stellar ecosystem, starting with StableSwap. The AMM for assets that should trade at nearly the same price, such as two dollar stablecoins, now runs on Stellar mainnet. Its interface at stellar.curve.finance is in beta: you can browse pools, swap and add liquidity there today.
StableSwap has run on Ethereum since Curve launched in 2020. Since then, it is powering pools on many EVM chains and has settled stablecoin trades through several market cycles and depegs. Stellar doesn't run the EVM, though, so Curve's Vyper contracts couldn't just be copied over. The team rebuilt StableSwap from the ground up for Soroban, Stellar's smart-contract platform, with support from the Stellar Development Foundation. The math hasn't changed.
Why StellarThe Stellar Development Foundation asked Curve to deploy. SDF works with a number of financial institutions building on the network, and Curve will work with SDF to build stronger stablecoin markets there.
"At Curve, we started exploring possibilities of launching beyond EVM chains if there is demand. Stellar looks like a good fit: it's closer to the familiar EVM world than many other chains. And at the same time, the demand for Curve is there, and it comes from institutions. Excited to see where this integration goes!"
Michael Egorov, founder of CurveStellar has carried payments since 2014. Franklin Templeton runs a tokenized money market fund on it, and MoneyGram moves money across it every day. An issuer can keep an asset fully open, or switch on KYC, clawback and sanctions controls. The regulated stablecoins and tokenized funds that live there need places to trade against each other.
What's in it for youIf you trade stablecoins on Stellar. Swaps between assets that should hold the same price, such as two dollar stablecoins, land close to one-for-one, even at size. The pool keeps its liquidity packed around that shared price, so less of your trade is lost to slippage.
If you hold stablecoins you're not using. Deposit them into a pool and earn a share of the fee on every swap. The pooled assets track the same price, so your deposit avoids the swings that hit pools of volatile pairs, as long as the pegs hold.
If you hold veCRV. Fees work as on any other Curve deployment, so swaps on Stellar earn for the Curve DAO too.
If you issue an asset. A deep Curve pool gives your holders a place to get in and out at a fair price. It also gives lending apps a venue for liquidations, which makes your asset easier to accept as collateral. Pool creation is permissionless. If you want to deploy before the interface supports it, contact us on Telegram or Discord and we'll help you launch your pool.
More than swapsAs pools deepen, other applications can build on them. A lending protocol on Stellar can sell seized collateral through a pool during a liquidation, and a borrower can use one to close a position.
Route aggregators can send trades through the same pools. If you run one, find us on Telegram or Discord through the links in the app footer.
"Stablecoins and tokenized assets only deliver real value when people can move between them efficiently, and Curve's arrival gives developers on the Stellar network's proven infrastructure to build those markets. Having one of DeFi's most trusted liquidity protocols choose the Stellar network for its first native deployment outside EVM shows that the network is the home for practical financial applications."
Denelle Dixon, CEO and Executive Director of the Stellar Development FoundationUsing stellar.curve.financeSwaps and deposits are live at stellar.curve.finance, starting with the first pool. Connect a Stellar wallet such as Freighter to get started. Like any pool, these carry smart contract risk and the risk of a depeg.
What comes nextThis launch is a lite deployment. The goal is the full Curve stack on Stellar, open to anyone building there. Pool deployment comes to the interface next, so issuers can launch pools themselves. After that come better pool pages and a router with more metrics and data.
FXSwap comes after StableSwap. It is built for pairs whose prices move against each other, including stablecoins pegged to different currencies, such as a dollar stablecoin and a euro stablecoin. It concentrates liquidity around the current market price instead of a fixed peg, which makes it infrastructure for onchain currency conversion. Development is almost complete and the audit is the next step. We'll share the timeline and the first currency pairs once they're confirmed.
Stellar is our only non-EVM focus for the foreseeable future. We want this deployment to succeed and will concentrate on stablecoin growth in the Stellar ecosystem before considering any other integration.
Stellar Development Foundation (SDF) announced a strategic investment in Asia-Pacific digital market infrastructure operator Marketnode, aiming to expand institutional investors’ access to tokenized real-world financial assets on the Stellar network. Backed by entities including Euroclear, HSBC, Singapore Exchange Group and Temasek, Marketnode covers the issuance, distribution and servicing of funds, credit and structured products, connecting asset managers, issuers, distributors and qualified investors.
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Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
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The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
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XLM price is testing the top of a downtrend channel that has held since late September. Stellar is now a default network in MetaMask’s mobile app and browser extension. A fresh death cross keeps the broader trend tilted toward sellers. Wallet access on its own does not create on-chain demand for XLM. The XLM price is holding at $0.1727 on Thursday, almost flat on the day, after MetaMask switched on Stellar as a default network across its mobile app and browser extension, a launch announced at the Stellar Development Foundation’s Meridian 2026 conference in Lisbon. The integration arrives while the token sits right at the top of a descending channel that has pushed it lower since late September, so the next few daily closes will show whether the news can attract the buying that October’s thin volume never delivered.
Stellar is now a default network on @MetaMask.
Eligible MetaMask accounts now include a Stellar address.
For the apps and assets built on Stellar, this is a new path to users worldwide, through a wallet they already use.
Announced at #Meridian2026.https://t.co/awig1fcwCU
— Stellar | Meridian Oct 28-29 (@StellarOrg) October 29, 2026
A long wick at the channel ceiling Since buyers failed near $0.237 at the end of September, XLM has carved out a clean falling channel on the daily chart. Price is now pressing against its upper line, which lines up almost exactly with the 0.786 Fibonacci retracement at $0.1735, measured from the late-May low of $0.1395 to the spike high of $0.2982. A daily close above the $0.173-$0.176 band would mark the first break of the October downtrend.
Thursday’s candle carries the most encouraging signal on the chart, as XLM slipped to $0.1669 during the session before buyers pushed it back above $0.172, leaving a long lower wick that shows demand appearing well before the next major support. With roughly eight hours left before the daily close at the time of writing, that candle is still unconfirmed.
XLM/USDT daily chart. Source: Alexander Stefanov / TradingView The RSI reads 38.5 after climbing off a low near 33 and crossing above its own average at 37.1, which tells us selling pressure has eased from levels close to oversold, although buyers have not taken over yet. Price also printed a marginally lower low while the RSI held higher, a mild divergence suggesting momentum is fading faster than price is falling. Volume has stayed light throughout October, at around 27 million XLM on Binance today, whereas the August reversal came with an obvious spike in trading activity.
Death cross builds a wall near $0.19 The larger structure still favors sellers. XLM trades below both the 50-day EMA at $0.1874 and the 200-day EMA at $0.1904, and the shorter average has just slipped under the longer one, a crossover traders call a death cross because it shows recent prices averaging weaker than the long-term trend. Both averages sit in the $0.186-$0.190 zone next to the 0.707 Fib at $0.1860, a level that flipped between support and resistance several times over the summer, which leaves any rebound facing a crowded ceiling there.
XLM price ladder
Daily chart, XLM/USDT on Binance
$0.200
0.618 Fib and round-number ceiling
Resistance
$0.186-$0.190
Both EMAs and the 0.707 Fib
Resistance
$0.173-$0.176
Channel top and the 0.786 Fib
Resistance
$0.1727
XLM now, pressing on the channel top
Price
$0.1669
Thursday’s intraday low
Support
$0.1576
0.886 Fib, near the August base
Support
A daily close above roughly $0.176 would open a move toward $0.186, where the EMA cluster should reveal whether buyers are building a trend or only a relief bounce, and clearing $0.190 would put $0.200 back in play. A rejection at the channel top keeps the downtrend intact, with a break below $0.1669 likely sending XLM toward $0.1576, the level that held in August, while the lower channel line drifts toward about $0.150 into early November.
One seed phrase now unlocks Stellar Existing MetaMask users now get a Stellar address derived from the same recovery phrase they already use, so no new wallet or manual network setup is needed. They can send and receive XLM, Stellar trustline assets and Soroban tokens (Soroban is Stellar’s smart contract platform), and run cross-chain swaps between Stellar and other networks. MetaMask describes itself as the first major self-custodial wallet to ship Stellar as a default network.
The reach is what makes the deal relevant. MetaMask, which became a standalone company in Consensys’s restructuring last month, says the wallet has passed 100 million cumulative downloads across about 190 countries, a figure that measures installs over its lifetime and says nothing about how many people are active today.
The 1 XLM entry fee behind every account A Stellar address generated inside MetaMask has no on-chain presence until it receives at least 1 XLM, according to MetaMask’s support documentation. Every non-XLM asset also needs a trustline, a setting through which an account agrees to hold a specific token such as a stablecoin, and each one locks another 0.5 XLM in reserve. Transaction fees are paid in XLM as well, though they are so small that they barely register as demand.
As a rough illustration, one million newly funded accounts holding two trustlines each would lock about two million XLM, roughly $345,000 at today’s price, against a market capitalization of $6.05 billion. Reserve demand grows with real usage, which means the integration matters for XLM only if MetaMask users start moving money on Stellar.
The payment case behind the partnership rests on figures from the Stellar Development Foundation, which MetaMask cited: the network processed $55.6 billion in payment volume in 2025, up 52% year over year, with settlement in about five seconds. MetaMask also pointed to World Bank data putting the average cost of sending $200 abroad at 6.36%, more than double the United Nations’ 3% target. Gal Eldar, MetaMask’s Chief Product Officer, tied the launch to the company’s Open Money strategy, while Denelle Dixon, CEO of the Stellar Development Foundation, stressed putting Stellar’s payment rails inside wallets people already use. Neither side gave a target for users or volume.
Stellar’s institutional run-up to MetaMask
● Stablecoins ● Funds ● Settlement ● Wallet
● Sep 2 USDT0 goes live on Stellar ● Sep 22 BVNK extends stablecoin infrastructure to Stellar ● Sep 29 State Street Galaxy Onchain Liquidity Sweep Fund launches ● Oct 23 Institutional repo trade settled with USDM1 ● Oct 27 Janus Henderson and Centrifuge launch a Nasdaq-100 fund ● Oct 28 Securitize integration plans, Archax unveils €GOVY ● Oct 29 Stellar becomes a default network in MetaMask Funded accounts will judge the MetaMask effect None of the institutional launches above are part of the MetaMask deal, yet they give a retail wallet audience something to reach on Stellar beyond XLM itself. On the same day as the MetaMask rollout, Curve Finance launched its StableSwap stablecoin exchange on Stellar, its first native deployment outside Ethereum-compatible networks, which adds a place for newly bridged stablecoins to trade. The data worth following over the coming weeks is the growth in funded Stellar accounts, new trustlines for stablecoins such as USDT0 and USDC, and cross-chain swap volume flowing into the network. On the chart, a close above $0.176 backed by a visible volume increase would carry far more weight than a quiet breakout, which risks fading at the $0.186-$0.190 cluster.
The activation rule also shapes how new users arrive, since a fresh MetaMask Stellar account can receive only XLM until it is funded. That routes first contact through XLM, whether via the in-wallet buy option (not offered in every country), a swap or an exchange withdrawal. MetaMask’s documentation warns that bridging a non-XLM token into an account without the matching trustline can result in lost funds, so the wallet now prompts users to activate the trustline first. Users who already hold Stellar wallets elsewhere can also import those recovery phrases into MetaMask, which could move existing XLM balances into the app rather than only
Alex is a financial markets journalist and co-founder of Millennial Media Group, and he's spent close to ten years trying to answer one stubborn question: what's really driving this? It started in 2016, when Bitcoin refused to make sense to him - and rather than shrug, he stayed with it until it did. That patience became his method. He's less interested in what an asset is doing today than in the plumbing behind it: how liquidity flows, where risk hides, what a chart is quietly telling you that the headline isn't. That lens eventually stretched well past crypto into traditional markets, because the same forces - fear, leverage, incentives, timing - show up everywhere once you know how to look. Most coverage, in his view, insults the reader by stopping at the surface. Price up, price down, moving on. He'd rather leave someone genuinely understanding a move than merely informed that it happened. His path into markets ran through a Tourism degree at New Bulgarian University - proof, maybe, that curiosity beats credentials. With more than 200 deep analyses and over 10,000 articles behind him, he still walks away from most trading days having learned something he didn't know that morning.
TL;DR: Tokenization platform Securitize announced plans on October 28 to integrate the Stellar network into the infrastructure it offers institutional asset managers. For market participants following XLM, the news provides an institutional adoption narrative but no automatic revenue calculation for the network’s native asset.
Tokenization platform Securitize announced plans on October 28 to integrate the Stellar network into the infrastructure it offers institutional asset managers. The company says the connection will support future issuance and management of tokenized financial assets, extending choices for clients bringing traditional products onto blockchains. The announcement was made during Meridian 2026 in Lisbon. It describes an intended integration, not the immediate launch of a named new fund, and the firms have said further asset-level details will be released later.
The event and the market response Securitize operates in a part of the market where the token is only one layer of the product. Issuers must also organize investor eligibility, ownership records, subscriptions, redemptions and ongoing regulatory obligations. Stellar offers asset issuance and transfer functionality along with features that can support regulated controls. Its existing ecosystem includes financial-asset initiatives and cross-border payment providers. The proposed combination is designed to give managers more flexibility in choosing networks that match a particular distribution and operating model.
Why the development matters to the crypto market For market participants following XLM, the news provides an institutional adoption narrative but no automatic revenue calculation for the network’s native asset. A manager may choose Stellar because of operational attributes while end investors hold tokenized securities rather than buying XLM for exposure. What would strengthen the story is a named live issuance, measurable assets, and secondary workflows that show the integration is being used. The announcement highlights growing competition for institutional tokenization activity across public and controlled networks.
An institutional buyer will evaluate the cost of connecting a new rail to its existing systems before celebrating the technology. That includes identity checks, transaction reporting, asset servicing, reconciliation and recovery procedures when something goes wrong. A smaller but repeatable workflow can be commercially more valuable than an enormous theoretical market size. In this case, progress should be measured against the promised operational improvement and the conditions attached to it. Without usage figures, no one can reliably turn a partnership or infrastructure milestone into a forecast of investment returns.
Tokenized finance is often described as a single market, but it covers quite different instruments: cash-like balances, securities, private credit and other claims. Each has different settlement and counterparty risks. Institutional adoption becomes meaningful when service providers can explain who owes what, how a holder exits a position and what happens during a dispute. The detail matters as much as speed. A sound launch can be the beginning of a larger change, although the step from successful integration to widespread, economically useful activity is rarely automatic.
What the headline does not establish It is important not to equate a new blockchain option with unrestricted secondary-market trading. Tokenized shares in regulated funds may remain available only to approved investors, with transfers and settlement subject to rules. Fees, custody choices, liquidity and interoperability will matter as much as the chain itself. Securitize did not announce a launch date for any specific Stellar-issued product in this release. The milestone is the planned expansion of institutional infrastructure rather than a complete account of the products that will eventually use it.
What to watch next The firms have not named the first Stellar-based product. That announcement, together with an operational timetable and evidence of real subscriptions or redemptions, is the logical next checkpoint for this story.
Primary source: Official statement / source documentation.
written by the News Desk and edited by Samuel Rae.
The Stellar Development Foundation's Q3 2026 report shows record developer counts alongside sharp gains in stablecoin and tokenized asset activity
Stellar now has the second-largest developer base of any blockchain ecosystem. Only Ethereum ranks higher.
A post on X said the network rose from ninth to second place in active developers, with 4,000 developers building on it.
The detailed numbers come from the Stellar Development Foundation (SDF), which published its Q3 2026 report on October 19, 2026. As of September 30, 2026, Stellar counted 3,922 monthly active developers, a record for the network.
The developer numbers, unpacked
SDF said the 3,922 figure is up 125% year-over-year. That put Stellar behind Ethereum and ahead of everyone else.
A single end-of-quarter number can be noisy. So the foundation also reported a quarterly average of 3,661 developers, up 170% from a year earlier.
Full-time developers averaged 475, also a record. That is a 30% increase year-over-year.
Total monthly actives more than doubled while full-time headcount grew by about a third.
For comparison, SDF reported 2,968 monthly active developers at the end of Q2 2026. Stellar already held the number two spot then, ahead of Solana and Bitcoin.
The money moving on the network
Total network volume reached $33.2 billion in Q3 2026, up 71% quarter-over-quarter. Most of that growth came from stablecoins.
Stablecoin transfer volume hit $25.1 billion. That is up 121% from the prior quarter and 314% from a year earlier.
One number deserves attention. Stellar’s stablecoin market cap was $496 million, far smaller than the $25.1 billion in quarterly transfer volume.
Tokenized real-world assets (RWAs) also grew quickly. These are traditional financial instruments, such as funds or bonds, represented as tokens on a blockchain. Stellar’s RWA total reached $4.1 billion, up 36% quarter-over-quarter and 548% year-over-year.
Infrastructure and upgrades
SDF reported 99.99% uptime across 12 years of operation.
The network also added three new Tier 1 validators during the quarter, bringing the total to 10. MoneyGram was among the new additions.
Two protocol upgrades, named Zipper and Adapter, were deployed during Q3.
How Stellar got here
Stellar has existed for more than a decade and spent most of that time known as a payments network.
The timing also stands out. SDF released the report shortly before Meridian 2026, its annual ecosystem conference, scheduled for October 28-29 in Lisbon.
What this means
The gap between monthly actives and full-time developers is a key thing to watch. If the 475 full-time figure keeps growing alongside total activity, many of the new arrivals are staying.
Disclosure: This article was edited by Estefano Gomez. For more information on how we create and review content, see our Editorial Policy.
Stellar Development Foundation has unveiled Project Thruput, a breakthrough execution model designed to address a key scalability challenge for blockchain networks. According to crypto researcher SMQKE, Stellar’s new system recently completed a major benchmark test, handling 7.02 million payments per second on eight machines, marking a significant leap forward for the network.
The challenge of blockchain scalabilityTraditional blockchain networks process transactions in a single global order. When multiple transactions seek to update the same data, they are forced into a queue, limiting the system’s ability to expand, regardless of the hardware available. Adding more machines does not increase transaction capacity under these models, creating a fundamental ceiling for network throughput.
Project Thruput introduces a model where transactions can be executed without a strict global order, even if they contend for similar data. This advancement makes it possible for capacity to increase simply by scaling hardware, allowing transaction throughput to rise linearly as more machines are added to the network.
Early performance benchmarks show execution capacity rising from 1.18 million payments per second on a single machine to 7.02 million on eight machines, representing nearly a sixfold increase.
Mini dictionary: Stellar Development Foundation is the non-profit behind the Stellar network, focusing on creating equitable access to the global financial system through decentralized technologies.
Number of MachinesPayments per Second11.18 million87.02 millionPreparing for institutional and AI-driven growthWith interest in blockchain solutions from institutions increasing, networks capable of handling millions of transactions per second have the potential to reshape how value and data are exchanged globally. Project Thruput differentiates itself by not only targeting higher transaction volumes but by anticipating the integration of AI-driven agents. Stellar has stated its ambition to build a network ready to serve up to 10 billion people as well as billions of AI agents transacting on their behalf.
Project Thruput is designed with future scalability in mind and aims to enable both human users and AI agents to interact seamlessly with the network.
This upgrade positions Stellar among a small group of networks focused on institutional applications and future-facing technologies, signaling a shift in how scalability is approached across the blockchain sector.
Recent milestones and regulatory developmentsThe introduction of Project Thruput follows a period of notable momentum for the Stellar network. In May 2026, the DTCC, a central post-trade settlement provider in the United States, announced it would connect its tokenized securities platform with Stellar, with an official launch scheduled for the first half of 2027. This partnership is regarded as a major institutional milestone for Stellar’s ecosystem.
Additionally, in March 2026, both the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly designated Stellar’s native token, XLM, as a digital commodity. This clarification removed previous regulatory uncertainty and has been cited as a key factor in increasing institutional participation in the network.
Mini dictionary: The Depository Trust & Clearing Corporation (DTCC) is a major US-based post-trade services provider, responsible for clearing and settlement of securities transactions.
Next steps for Project ThruputProject Thruput was released as a technology preview on FutureNet, Stellar’s dedicated test environment. The Stellar Development Foundation has published benchmarks and made the reference code publicly available. The focus now shifts to broader testing under real-world conditions and evaluation by external developers to validate and potentially enhance performance before full integration into the main network.
NEW YORK, Oct. 29, 2026 (GLOBE NEWSWIRE) -- Bronstein, Gewirtz & Grossman, LLC, a nationally recognized investor-rights law firm, announces that a class action lawsuit has been filed against Doximity, Inc. (NYSE: DOCS) and certain of its officers.
This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired Doximity securities between August 8, 2024 and May 13, 2026, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case by visiting the firm’s site: bgandg.com/cases/doximity-inc-docs-class_action_lawsuit.
Doximity Case Details
The complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that:
Doximity overstated the impact of its Newsfeed on the Company’s revenue growth;Doximity was losing market share to competitors offering more favorable pricing and engagement models;despite Defendants’ representations regarding Doximity’s advertising practices, the Company relied heavily on banner advertisements and email newsletters as advertising methods; andas a result, Defendants’ statements regarding Doximity’s Newsfeed, revenue growth, market position, engagement, and advertising practices were materially false and/or misleading at all relevant times.
What's Next for Doximity Investors?
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint, you can visit the firm’s site: bgandg.com/cases/doximity-inc-docs-class_action_lawsuit. or you may contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC at 917-590-0911. If you suffered a loss in Doximity you have until November 16, 2026, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as lead plaintiff.
No Cost to Doximity Investors
We, Bronstein, Gewirtz & Grossman LLC, represent investors in class actions on a contingency fee basis. That means we will ask the court to reimburse us for out-of-pocket expenses and attorneys’ fees, usually a percentage of the total recovery, only if we are successful.
Why Bronstein, Gewirtz & Grossman, LLC for Doximity Securities Class Action?
Bronstein, Gewirtz & Grossman, LLC is a nationally recognized firm that represents investors in securities fraud class actions and shareholder derivative suits. Our firm has recovered hundreds of millions of dollars for investors nationwide. More at www.bgandg.com
"Our practice centers on restoring investor capital and ensuring corporate accountability, which serves to uphold the essential integrity of the marketplace," said Peretz Bronstein, Founding Partner of Bronstein, Gewirtz & Grossman, LLC.
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Peretz Bronstein, Esq. or Nathan Miller
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Prior results do not guarantee similar outcomes.
MetaMask has made Stellar (XLM) a default network in its mobile app and browser extension, giving eligible accounts a Stellar address derived from their existing recovery phrase.
MetaMask has added Stellar as a default network in its mobile app and browser extension. The move was announced at the Stellar Development Foundation's Meridian conference in Lisbon, with MetaMask saying the integration is live. @MetaMask and @StellarOrg both marked the launch on Oct. 29.
Eligible accounts now include a Stellar address tied to the recovery phrase users already hold. They can hold, send and swap $XLM and other Stellar tokens alongside assets on other networks without setting up a separate wallet.
What MetaMask Users GetAccording to MetaMask's announcement, users can manage XLM, trustline assets and Soroban tokens next to holdings on other networks. They can also swap between Stellar and other supported networks. Soroban is Stellar's smart contract platform.
MetaMask describes itself as the first major self-custodial platform to make Stellar a default network. It said that until now, users who wanted to transact on Stellar needed a separate wallet. Reporting from TokenPost adds that users who already hold Stellar accounts can import their recovery phrases into MetaMask to move those accounts across.
The same report says MetaMask Chief Product Officer Gal Eldar framed the integration as part of the company's "Open Money" strategy, which aims to extend the same payment infrastructure to all users.
Stellar's Payments Track RecordStellar has operated as a public payments network since 2014. Stellar's own figures cite a settlement time of about five seconds and an average transaction cost below a tenth of a cent. MetaMask's release also cites the Stellar Development Foundation as saying the network processed $55.6 billion in payment volume in 2025, up 52% year over year.
A new Stellar address becomes active only once it receives a minimum balance. Cointelegraph's explainer puts that minimum at 1 XLM. Adding a token such as USDC also requires a trustline, which carries an additional reserve of 0.5 XLM, according to PrimeXBT's glossary.
Market reaction has been muted so far. Crypto News Flash reported XLM trading near $0.1727 on Thursday, almost flat on the day, and noted that wallet access alone does not create on-chain demand for the token.
SourcesMetaMask: MetaMask makes Stellar a default network
TokenPost: MetaMask Adds Stellar as a Default Network in Its Wallet
TL;DR: Pontoro and Archax have announced the launch of an Automated Liquidity Pool on Stellar during Meridian 2026. The strongest market lesson is to separate token supply from genuine tradable liquidity.
Pontoro and Archax have announced the launch of an Automated Liquidity Pool on Stellar during Meridian 2026. Their pilot combines liquid money-market assets with private-market fund exposure in a structure that uses predefined pricing and allocation rules to manage liquidity. Archax supplies regulated tokenization and issuance of permissioned interests, while Pontoro provides the model and operating infrastructure. The aim is to make private-asset exposure easier to distribute and manage, not to turn every illiquid holding into instantly redeemable cash.
The event and the market response Private investments commonly offer longer holding periods and fewer opportunities to exit than listed securities. That creates a mismatch when an investor wants liquidity while the underlying manager needs stable capital. Pontoro’s design attempts to address the mismatch within a pool holding liquid and less-liquid investments, with rules that adjust incentives as redemptions or subscriptions change its composition. The model depends on actual available liquid assets, credible valuations and a clearly disclosed process for handling stress. A token representing the pool does not by itself make private loans or funds more liquid.
Why the development matters to the crypto market The strongest market lesson is to separate token supply from genuine tradable liquidity. Digital ownership records can simplify transfer or reporting, but cannot guarantee that buyers exist at a fair price during a downturn. Pontoro’s rules-based approach explicitly acknowledges that problem by making available liquidity and incentives part of the product. For tokenization enthusiasts, it is a more useful development than a headline about a large notional amount moved onchain, because it tackles how investors might actually enter and leave positions.
Tokenized finance is often described as a single market, but it covers quite different instruments: cash-like balances, securities, private credit and other claims. Each has different settlement and counterparty risks. Institutional adoption becomes meaningful when service providers can explain who owes what, how a holder exits a position and what happens during a dispute. The detail matters as much as speed. A sound launch can be the beginning of a larger change, although the step from successful integration to widespread, economically useful activity is rarely automatic.
The distinction between a blockchain record and the economic rights behind it is crucial for anyone evaluating this news. Digital tokens may move quickly, but title, custody, investor eligibility and redemption remain governed by legal agreements and regulated entities. A new integration should therefore be judged by the processes it can complete end to end, not simply by the number of assets it can represent. Traders also need to resist treating institutional enthusiasm as an automatic bullish signal for a native cryptocurrency: commercial adoption and token pricing can diverge for long periods.
What the headline does not establish The release says the pool interests are issued as permissioned tokens on Stellar and held in identity-verified wallets. The fund manager retains authority over selection, valuation and governance. This is a material qualification: the digital wrapper does not replace asset-management decisions or investor eligibility requirements. The Stellar Development Foundation also disclosed that it is an investor in both Pontoro and Archax, context that should accompany accounts of the partnership. A functioning pilot can demonstrate mechanics, but sustained investor use and performance under withdrawal pressure remain unproven.
What to watch next Future pilot reports should reveal redemption outcomes, subscription volumes and how the pool responds to stressed markets. Without that information it would be premature to claim that a lasting liquid secondary market for private assets has been created.
Primary source: Official statement / source documentation.
written by the News Desk and edited by Samuel Rae.
Chainlink’s LINK token was priced at $11.44 on October 29, 2026, following a 24.19% decline over the past month. Despite Chainlink’s ongoing institutional collaborations, including fresh deals, LINK remained around 78% below its May 2021 all-time high of $52.70 as it entered the final two months of the year.
LINK 2026 price outlook: Forecasts and targetsPrice predictions for LINK by the end of 2026 largely fall within the $8.38 to $19.27 range. Key projections include an end-year target of $13 from Standard Chartered, while sources such as LiteFinance, Changelly, and CoinStats format their estimates between $11.00 and $15.78. On October 29, LINK’s market capitalization stood at $8.77 billion, positioning it at number 16 among cryptocurrencies, with a circulating supply of 766.85 million LINK out of a maximum of 1 billion.
ScenarioYear-end 2026 rangeMain assumptionsBearish$8.40 – $10.50Continued selling pressure, flat ETF demand, breaks below $11 supportBase$11.00 – $13.50Stabilization, tracks consensus analyst targets, steady ETF activityBullish$14.50 – $16.20Renewed ETF inflows, successful staking or institutional integrations drive demandInstitutional moves and ETF trendsChainlink expanded its ecosystem through new partnerships in late 2026, including the launch of CustodySync with Anchorage Digital, an extended collaboration with S&P Global Ratings, and an agreement with LG CNS on Korean digital asset projects. The Grayscale Chainlink Trust ETF launched in December 2025, followed by Bitwise’s spot ETF debut on NYSE Arca in January 2026. Bitwise later filed a proposal allowing up to 20% of its Chainlink fund to be staked, while Grayscale accumulated another 629,100 LINK for its holdings.
However, US spot Chainlink ETFs reported eight consecutive trading days without net inflows, highlighting tepid demand during the latest price decline. The last notable fund movement was an outflow of roughly $397,000 on October 16. The Crypto Fear & Greed Index stood at 51, indicating neutral sentiment among market participants.
Mini dictionary: Anchorage Digital is a regulated crypto custodian known for providing secure storage solutions to institutional investors in the digital asset sector.
Key drivers and risk factors for LINKSector analysts pointed to several factors influencing LINK’s price direction. New launches like CCIP Vault Adapters allowed DeFi vaults to accept deposits from more than 80 blockchains. Partnerships with firms such as LG CNS and S&P Global Ratings were designed to deepen institutional engagement, particularly for services tied to stablecoins and tokenized securities.
Despite these developments, several risks remain. Uncirculated supply represents about 23% of the token’s maximum, posing the risk of future dilution. Additionally, some high-profile announcements have not yet translated into substantial new lending or integration commitments. Technical models marked downside targets near $8.38 to $8.89, while market watchers noted that recent outflows from Binance, the result of large deposits being reallocated, had yet to spark sustained buying interest.
Analyst MorenoDV_ commented that ongoing outflows may simply be a redistribution of previously deposited LINK and have not yet resulted in consistent market demand.
Chainlink Reserve’s recent purchase of 431,900 LINK signaled confidence within its treasury operations, even as total exchange reserves fell to 124.2 million LINK. On the upside, targets to watch include the 24-hour high of $11.95, followed by $14.43 and $15.80.
Historical context and major technical levelsAfter climbing to a 2026 peak of $15.80 in September, LINK experienced a notable decline in October, shedding over 20% for the month. The all-time high set in May 2021 remains distant, with none of the reviewed forecasts expecting a return to that level within 2026. Downside reference points remain at $11.29 and further support near the $11 threshold.
Published estimates from LiteFinance, Changelly, CoinStats, and Standard Chartered reflect consensus ranges, but market conditions and ETF flows may shift future projections.
Montana Senator Steve Daines voiced support for Chainlink ahead of its Link event in New York City on October 29.
The event features speakers from Swift, Citi, Fidelity Investments, Intercontinental Exchange and the DTCC.
Daines introduced the ADAPT Act on October 22 with three other senators to clarify crypto tax rules.
Chainlink launched CustodySync with Anchorage Digital Bank on October 26.
The Hong Kong Gold Exchange plans to use Chainlink’s cross-chain technology for its gold-backed XGZ token.
Montana Senator Steve Daines has voiced support for Chainlink and the digital asset industry. His comments come ahead of Chainlink’s Link event, set for October 29 in New York City.
Chainlink has highlighted the senator’s recognition of blockchain technology in its promotion of the event. The company is bringing together financial institutions, policymakers and industry executives to discuss digital assets in traditional finance.
Daines’ support comes one week after he introduced a bill aimed at changing how digital assets are taxed in the United States.
ROAD TO Link:NYC 🇺🇸
A message of support from Montana Senator @SteveDaines as we approach Link:NYC.
We appreciate Senator Daines’ continued engagement with the digital asset industry and his recognition of its importance to the U.S. pic.twitter.com/VrwtBUn3BI
— Chainlink (@chainlink) October 28, 2026
Senator Daines Pushes for Clearer Crypto Tax Rules
On October 22, Daines introduced the Aligning Digital Assets with Principles of Taxation Act, known as the ADAPT Act. Senators Cynthia Lummis, Bernie Moreno and Tim Scott joined him on the bill.
The bill seeks clearer tax treatment for crypto transactions. It would apply existing securities and commodities tax principles to similar digital assets.
Under the proposal, everyday purchases made with qualifying regulated dollar stablecoins would not require gain-or-loss tracking. Network transaction fees of $10 or less would also be exempt.
The bill also covers staking, digital asset investment trusts and certain lending activities. It would apply wash sale and constructive sale rules to digital assets.
Daines said current tax laws have not kept pace with blockchain technology. He said this creates unneeded complexity for taxpayers and businesses.
During a July Senate Finance Committee hearing, he called for crypto tax rules that are easier to understand. He also asked for safeguards against tax avoidance.
Chainlink Expands Institutional Partnerships
Chainlink has announced several deals with financial institutions in recent months. These projects focus on tokenized assets, collateral management and cross-border payments.
In September, Chainlink announced a framework that lets financial institutions access Swift’s blockchain ledger through its Runtime Environment. Swift said 17 banks across six continents were preparing live pilots involving tokenized deposits.
That same month, payments company Bottomline partnered with Chainlink. Bottomline’s network processes more than $16 trillion in payments each year and serves over 600 banking customers.
On October 26, Chainlink launched CustodySync with Anchorage Digital Bank as its first partner. The service lets institutions use assets held in qualified custody as collateral for blockchain-based borrowing.
A day later, the Hong Kong Gold Exchange said it will use Chainlink’s cross-chain technology for its XGZ token. Each token represents one gram of 99.99% fine gold.
The Link event is a one-day gathering for senior executives from banks, asset managers and market infrastructure providers. Topics include tokenized real-world assets, blockchain interoperability, artificial intelligence in finance and blockchain payment systems.
Speakers include representatives from Swift, Intercontinental Exchange, Fidelity Investments, Citi and the Depository Trust & Clearing Corporation. Chainlink co-founder Sergey Nazarov is also among the featured speakers.
The event is taking place on October 29 in New York City.
Chainlink (LINK) loses 20.8% since early October despite a decrease in reserves on crypto platforms. Binance records 18 consecutive days of net token outflows, while reserves tracked by CryptoQuant have dropped to 124.2 million LINK. Usually considered bullish, this movement does not produce any sustained rebound. US Chainlink ETFs also show signs of slowing down.
In brief Chainlink declines 20.8% in October despite 18 days of net withdrawals on Binance. LINK reserves on exchanges decrease to 124.2 million tokens. US Chainlink ETFs record eight consecutive sessions without net flows. Chainlink loses 21% despite crypto withdrawals on Binance On-chain data shows an unusual situation. For 18 days, more LINK have left Binance than arrived. Investors often interpret these withdrawals as a sign of accumulation, especially when tokens are transferred to private wallets.
The decrease in reserves is not new. In August 2025, 33 million LINK had already left exchange reserves, which dropped from 180 to 147 million tokens. This time, the figures do not accompany an increase. According to CryptoRank, the Chainlink crypto shows a loss of 20.8% since the beginning of the month. In a reading taken on October 29 around 11:40 UTC, LINK traded around 11.58 dollars on Binance, after a low of 11.29 dollars in the last 24 hours.
Analyst MorenoDV_ however calls for caution. Before this withdrawal streak, Binance had recorded a net inflow of about 8.7 million LINK. Part of the subsequent outflows could thus correspond to a redistribution of these tokens to other wallets.
In other words, the transfers do not prove that new investors are accumulating LINK. Aggregate reserves tracked by CryptoQuant have returned to 124.2 million tokens, a level close to that observed before significant inflows on Binance. The market still lacks buyers capable of sustainably reversing the decline.
LINK ETFs lose 40 million $ in net assets US investment products do not offset this weakness. According to SoSoValue, spot Chainlink ETFs have recorded eight consecutive sessions without net inflows or outflows. Their last movement dates back to October 16, with a withdrawal of around 397,000 dollars.
On October 9, these funds had attracted 9.48 million dollars in a single session. Since then, flows have stopped. Their total net assets fell from 249.4 million dollars on September 28 to 209.5 million on October 28. This represents a decline of 39.9 million dollars, or about 16%.
Beware not to confuse the two indicators. This valuation drop does not mean investors have withdrawn 39.9 million dollars. The drop in LINK also reduces the value of tokens already held by the funds.
This distinction had already been noted regarding the Grayscale Chainlink ETF, whose assets declined with the fall of LINK. October’s situation presents an additional challenge: funds no longer record new net inflows. Even when reserves available on exchanges decrease, the price can continue to fall if demand remains insufficient.
Chainlink’s advances do not yet support the price The crypto project continues its technological development. On September 28, Chainlink launched CCIP 2.0, a new version of its interoperability protocol between blockchains. It notably brings additional verification mechanisms, compliance controls, and more flexibility in executing transfers.
Another recent announcement: on October 27, Further Asset Management, a company based in Abu Dhabi, announced the adoption of the Chainlink ACE compliance engine for its Anubis platform. The tool aims to verify certain regulatory conditions before executing transactions involving tokenized assets. Its initial deployment concerns the Abu Dhabi Global Market.
This partnership is a commercial advance announced without yet proof of a direct effect on LINK demand. Chainlink had several catalysts at the beginning of the month. The project was among the five cryptos to watch in October 2026, notably thanks to CCIP 2.0 and its ambitions in tokenized finance.
On the market, analysts now monitor resistance at 12.30 dollars and support at 10.87 dollars. Another area of interest lies between 9.50 and 10.50 dollars. These are technical levels proposed by analysts, not guaranteed prices.
For Chainlink, withdrawals on Binance are data to watch, not proof of a reversal. The next sessions will show if buyers really return, both on the spot market and in ETFs.
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Lydie M.
Enseignante et ingénieure IT, Lydie découvre le Bitcoin en 2022 et plonge dans l’univers des cryptomonnaies. Elle vulgarise des sujets complexes, décrypte les enjeux du Web3 et défend une vision d’un futur numérique ouvert, inclusif et décentralisé.
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The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Montana Senator Steve Daines has expressed support for Chainlink and the broader digital asset sector ahead of the company’s upcoming Link event in New York City on October 29.
Senator Daines champions crypto-friendly tax reformsSenator Daines, who represents Montana in the U.S. Senate, recently introduced the Aligning Digital Assets with Principles of Taxation Act, known as the ADAPT Act, aiming to bring clarity to the tax treatment of digital assets. Senators Cynthia Lummis, Bernie Moreno, and Tim Scott have joined as co-sponsors of the bill.
The proposed legislation seeks to harmonize tax rules for cryptocurrencies with existing regulations for securities and commodities. Under the bill, typical consumer purchases using regulated dollar stablecoins would be exempt from mandatory gain-or-loss tracking. Additionally, network fees of $10 or less would not need to be reported for tax purposes.
The measure addresses other areas including staking, digital asset investment trusts, and select lending activities. It also proposes the application of wash sale and constructive sale rules to digital assets.
Daines has argued that, “Outdated tax laws have failed to match the pace of blockchain innovation, resulting in unnecessary complexity for individuals and businesses.”
During a Senate Finance Committee session in July, Daines called for tax rules that better reflect the realities of digital assets and advised additional protections against tax avoidance strategies.
Chainlink’s institutional momentum growsChainlink, a blockchain and oracle network specializing in connecting smart contracts with real-world data, has expanded its institutional partnerships in the lead-up to the New York event. The company’s focus has been on tokenized assets, collateral management, and cross-border payment solutions.
In September, Chainlink introduced a new framework enabling financial institutions to access Swift’s blockchain infrastructure through its Cross-Chain Interoperability Protocol, or CCIP. Swift, the global payments messaging network, stated that 17 banks across six continents are preparing live pilot programs for tokenized deposits using this platform.
Mini dictionary: Chainlink’s Cross-Chain Interoperability Protocol (CCIP) allows blockchain networks to communicate and transfer data and assets between one another, enabling interoperability among different blockchains and traditional financial infrastructures.
Also in September, Chainlink partnered with Bottomline, a major payment processing technology provider serving over 600 banks and handling more than $16 trillion in annual transactions.
On October 26, Chainlink launched CustodySync, with Anchorage Digital Bank as its first partner. The service enables institutions to use assets held in regulated custody as collateral for borrowing within blockchain networks.
The Hong Kong Gold Exchange, a recognized precious metals trading institution, has announced plans to adopt Chainlink’s cross-chain technology for its gold-backed XGZ token, which allocates one gram of 99.99% fine gold per token.
Link event to feature global finance leadersThe Chainlink-hosted Link event in New York will convene high-level executives from leading global banks, asset managers, and infrastructure providers. Panel discussions will address topics such as tokenized real-world assets, blockchain interoperability, artificial intelligence in financial services, and payment systems based on blockchain technology.
Notable speakers include representatives from Swift, Citi, Fidelity Investments, Intercontinental Exchange, and the Depository Trust & Clearing Corporation (DTCC). Chainlink co-founder Sergey Nazarov is also scheduled to deliver remarks.
The event underscores the growing connections between traditional finance and blockchain innovators, as institutions explore real-world use cases for digital asset technology.
The Link event is a one-day gathering set for October 29 in New York City.
AST SpaceMobile has shed more than 40% this year, but a funded constellation, 60-plus carrier partners, and potential billion-dollar government contracts suggest the selloff may have punished the stock far beyond what the fundamentals warrant.
Our 24/7 Wall St. price target for AST SpaceMobile (NASDAQ:ASTS) is $52.16. That implies 26.5% upside from the current $41.22.
Metric
Value
Current Price
$41.22
24/7 Wall St. Price Target
$52.16
Upside/Downside
26.5%
Recommendation
BUY
Confidence Level
55%
ASTS earns a buy rating with moderate confidence of 55%, which shows real execution risk.
AST SpaceMobile is moving from prototype to scaled constellation. They have 13 spacecraft in orbit, BlueBirds 17 through 46 in production, and a target of 45 satellites in orbit by early 2027. In my view, the recent sell-off places too much weight on the risks and too little on the build-out.
A 33% Monthly Slide Resets the Entry Point
ASTS fell 33.31% over the past month and 43.25% year to date, though it has steadied with a 0.22% gain this week. Shares trade 69.2% below the 52-week high of $133.86 and 12.3% above the $36.72 low.
Second-quarter revenue of $31.52M missed the $34.40M consensus, and GAAP EPS of -$0.77 missed the -$0.2873 estimate. Several securities class actions now cover a class period from March 4, 2025 to July 15, 2026, and the lead-plaintiff deadline falls on November 13, 2026.
Why Bulls See $75 and Beyond
AST SpaceMobile has 60+ MNO partners covering >3B subscribers and about $1.30B in signed backlog. Japan’s J-LEO project could bring in up to approximately USD 1 billion in non-dilutive, non-debt government capital.
The company’s president said government work could scale into “a recurring multibillion dollar a year opportunity starting in 2027.” Management also expects revenue approaching $1 billion in the first full year of commercial service, supported by pro forma liquidity above $3.70B.
Five analysts have bullish ratings on the stock. My bull case is the $74.68 consensus target.
What Could Push ASTS Back to Its Lows
Revenue has missed estimates in two straight quarters, which puts pressure on the $150M-$200M full-year guidance. Spending is also heavy: capex was about $610 million in the second quarter, with another $350 million to $425 million guided for the third.
The GAAP loss looks better on closer inspection, though. It included a $125.9M BB7 involuntary-conversion loss and $88.7M in induced conversion expense, and both are non-recurring. Seven analysts rate the stock a Hold and two rate it bearish. My bear case is a retest of $36.72.
Is ASTS Too Expensive Next to Iridium and Viasat?
Company
Price/Sales
EV/Revenue
AST SpaceMobile
133.16
109.58
Iridium
5.22
7.11
Viasat
1.977
2.951
Iridium Communications (NASDAQ:IRDM | IRDM Price Prediction) is the mature, profitable version of direct satellite connectivity. The stock is valued at 23x forward earnings on $902.97M in trailing revenue. That revenue base is close to where AST SpaceMobile hopes to be in its first full year of commercial service.
Viasat (NASDAQ:VSAT) competes for the same government and mobility dollars and brings in $4.63B in trailing revenue. Yet its market cap of $9.15B sits below AST SpaceMobile’s. This group shows that ASTS is priced on its future network. Our target makes sense only if that revenue ramp shows up, and with that condition I see the target as reasonable.
Growth Phase Tilts the Scale Toward Upside
I rate ASTS a buy, with a 24/7 Wall St. price target of $52.16 and 55% confidence. The funded constellation ramp is the key reason for my call.
I would turn more constructive if beta service launches on schedule and fourth-quarter revenue lands within guidance. I would get cautious if launches slip again or MNO agreements stall before becoming final contracts. On balance, I think the decline has gone further than the fundamentals justify.
AST SpaceMobile Price Prediction 2026-2030
Looking further out, here is where the 24/7 Wall St. price target model projects ASTS could trade if current growth trends and market conditions hold.
Year
24/7 Wall St. Price Target
2026
$46.69
2027
$52.16
2028
$65.20
2029
$81.50
2030
$101.88
The projections rest on AST SpaceMobile continuing to execute on its constellation plan. Results could swing sharply higher or lower depending on when commercial service starts, how government contracts scale, and how the litigation is resolved.
Contact [email protected] for any questions or corrections.
Shares of FTAI Aviation (FTAI +14.38%), an aircraft and aircraft engine leasing company, took off after reporting Q3 earnings Thursday and flew 14.5% higher through 1:40 p.m. ET.
Image source: Getty Images.
FTAI Aviation Q3 earningsFTAI reported $977.7 million in Q3 revenue, up 46.6% from one year ago, and earned $150.6 million in profit -- up 28%. Earnings per share did even better, rising 30% year over year to $1.43.
The results appear to have come as a pleasant surprise to Wall Street and investors alike, who had been selling off FTAI stock this year -- and the stock is still down 10% over the past year, even after today's rally.
$191.18+$24.04 (+14.38%)
NASDAQ · As of 2:22 PM ET 10/29/26
What's next for FTAI stockAs for FTAI itself, it's taking advantage of its stock price's continued weakness to "accelerate" its share buybacks, announcing it will double its repurchase authorization to $1 billion, which, if implemented in full, could retire more than 6% of shares outstanding.
CEO Joe Adams says he has "clear visibility into 2027" to support the repurchases -- but I'm not so sure. For one thing, FTAI doesn't actually have $1 billion to spend. It's showing a bit less than $386 million on its balance sheet, against long-term debt of more than $3.45 billion.
FTAI also lacks free cash flow with which to fund the buybacks. Although the company didn't include a cash flow statement with its earnings release, data from S&P Global Market Intelligence show that FTAI burned through nearly $516 million in negative free cash flow in the first half of this year.
Long story short, if FTAI wants to buy back its shares, it'll probably need to go (further) into debt to do it.
Rich Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ftai Aviation. The Motley Fool has a disclosure policy.
Chainlink 24/7 is now live, providing always-on market data for stocks, commodities, and many other traditional assets to blockchain markets. Aave, the largest DeFi lending market with over $34 billion in total value secured (TVL), is actively adopting Chainlink 24/7 to securely manage collateral around the clock.
Earlier this year, Chainlink 24/5 U.S. Equities Streams launched, delivering market data for U.S. equities and ETFs across every weekday trading session: pre-market, regular, post-market, and overnight. Now, Chainlink 24/7 is extending pricing coverage to weekends and holidays. Markets powered by Chainlink 24/7 never sleep, giving users the ability to trade, borrow, and manage their positions at any time while ensuring asset issuers and DeFi applications can properly manage risk at all times.
Chainlink 24/7 is delivered through Data Feeds and Data Streams, built on Chainlink’s industry-standard decentralized oracle infrastructure that secures ~70% of DeFi, powers over 80% of lending markets on Ethereum and Solana, supports over 81% of tokenized RWA value, and has enabled over $1 trillion in perpetuals trading volume in 2026. This battle-tested infrastructure has proven secure and reliable during the most extreme market volatility, blockchain network congestion, and major cloud infrastructure outages.
Chainlink 24/7 is critical infrastructure for a financial transformation that goes far beyond extended trading hours, ultimately unifying the world’s financial markets onchain. Stocks, commodities, funds, and other assets from all over the world are being tokenized at an accelerating rate, opening them to a global investor pool that can access them to trade, obtain liquidity, manage risk, and put their capital to work wherever they are, at any time of the day. Breaking news in Asia, a weekend opportunity in Europe, or a financing need in the Americas no longer waits for an opening bell. Chainlink is underpinning this shift with the continuous market data that makes 24/7 global markets a reality.
Reach out to a Chainlink expert to learn more and start building today.
The Barrier Preventing Around-the-Clock Asset TradingTokenization brings traditional assets such as equities and commodities onto blockchains that operate around the clock. However, the gap between traditional market operating hours (e.g., Mon-Fri; 9:30AM – 4:00PM ET in the U.S.) and onchain market hours (24/7) makes it difficult to reliably price and manage these types of assets when traditional markets are closed.
Chainlink 24/5 Streams closed the weekday gap by providing trusted market data onchain across regular, pre-market, post-market, and overnight sessions. Yet a gap remained from 8PM ET Friday to 8PM ET Sunday, as well as on market holidays.
Onchain applications have historically had to manage these gaps themselves, forcing them into difficult trade-offs: pause markets, rely on the last available price, or build their own off-hours methodology and switching logic. These limitations make it harder to provide a consistent trading experience and manage the value of tokenized collateral during market closures.
For onchain finance to reach its full potential, applications require unified pricing infrastructure to support traditional assets throughout the week. Not only does this make new markets possible, but it's critical to managing risk, especially in applications with automated liquidations and risk parameters. For example, lending protocols assume risk by holding tokenized RWAs as collateral over the weekend and holidays when the underlying markets are closed, making off-hours pricing a DeFi solvency risk that must be addressed.
How Chainlink 24/7 Unlocks Always-On Markets for RWAsChainlink 24/7 stitches together prices from active trading sessions with an off-hours reference to create a single continuous price series for each supported asset. As a result, applications gain a consistent foundation for pricing and risk management without having to assemble it themselves.
During regular, extended, and overnight trading sessions, the price draws on existing Chainlink 24/5 session data. When the underlying traditional market closes, it uses quotes from multiple top perp venues. This off-hours engine reflects fresh trading in derivatives linked to the asset; it is not a live quote from the closed traditional exchange.
Chainlink connects these sources using session-aware stitching, which manages transitions between pricing sources as market sessions change. Built on the established blending engine behind Chainlink’s 24/5 tokenized equity pricing, this approach enables applications to maintain continuity across the week while preserving immediate price discovery at the regular-session opening bell.
Chainlink 24//7 deliver continuous, context-rich market data across blockchains to unlock always-on onchain markets for tokenized RWAs.Chainlink 24/7 InnovationsOne Continuous Reference Per Asset: Chainlink handles the transition between session-specific data and off-hours pricing, so developers can spend less time building feed-selection logic and more time bringing utility to RWAs.Off-Hours Pricing Informed by Multiple Perps Venues: The reference aggregates quotes from multiple perps venues, filters out stale inputs, and limits the influence of outlier prices, improving resilience and reducing reliance on any single off-hours venue. Supported assets must meet Chainlink’s high standards for market coverage, liquidity, and pricing consistency.Two Onchain Delivery Paths: Each application gets the delivery model suited to its use case. Prediction markets and perpetual exchanges can retrieve low-latency pricing offchain directly through Data Streams when needed. Lending protocols can read prices published directly onchain through Data Feeds.Market Context for Informed Risk Decisions: Data Streams reports identify the current market session and include bid and ask prices during open sessions. Applications can use this context to adapt risk settings as market conditions change. New Markets for RWAsContinuous pricing expands the range of financial products developers can build onchain around traditional assets, including:
Perpetuals and Derivatives: Price, fund, and settle perpetual markets on traditional assets through weekends and holidays, with a reference price that keeps moving when markets are closed. Lending Against Tokenized Assets: Value eligible collateral around the clock with a price designed for liquidations, allowing protocols to maintain their risk parameters beyond traditional market hours.Short-Duration Prediction Markets: Establish markets based on asset price movements using time-weighted average pricing (TWAP) as a consistent reference to determine outcomes and help prevent price manipulation.Industry Leader Aave Adopts Chainlink 24/7Aave is using Chainlink 24/7 Data Feeds to price tokenized RWAs used as collateral within its institutional lending platform Horizon, starting with high-volume U.S. Equities.
“Bringing assets onchain should increase the number of ways users can put capital to work. With Chainlink 24/7, Aave can reliably value RWA collateral through weekends and holidays, enabling institutions to realize the full potential of always-on lending backed by the robust risk management they require.” — Stani Kulechov, Founder and CEO, AaveThe Future of Finance Is Markets That Never SleepGlobal demand for U.S. markets is surging. According to Nasdaq, foreign holdings of U.S. equities nearly doubled between 2019 and mid-2024, reaching $17 trillion. Yet markets still run on a schedule set by a single time zone. An investor in Seoul shouldn’t have to wait for New York to wake up to capitalize on an opportunity. Chainlink is providing the mission-critical infrastructure for the next era of finance, where opportunity is accessible across borders and around the clock.
Chainlink 24/5 broke the first barrier by extending onchain equity markets on weekdays beyond standard trading hours. Chainlink 24/5 has already extended markets beyond standard trading hours for nearly half of the tokenized equities, powering pricing for more than $1.6 billion in tokenized stocks across six blockchains for Ondo, xStocks, Robinhood, and Coinbase.
Now, Chainlink 24/7 breaks the last barrier by bringing continuous pricing data to onchain markets for real-world assets throughout weekends and holidays. As coverage expands, builders can now bring more traditional assets into always-on trading and lending markets, giving investors greater freedom to deploy capital, access liquidity, and manage exposure throughout the week at any hour.
Teams building onchain applications can contact Chainlink about integrating 24/7.
To learn more about Chainlink, visit chain.link, subscribe to the Chainlink newsletter, follow Chainlink on Twitter and YouTube, and follow Chainlink Labs on LinkedIn.
—
Disclaimer: This post is for informational purposes only and contains statements about the future, including anticipated product features, development, and timelines for the rollout of these features. These statements are only predictions and reflect current beliefs and expectations with respect to future events; they are based on assumptions and are subject to risk, uncertainties, and changes at any time. There can be no assurance that actual results will not differ materially from those expressed in these statements, although we believe them to be based on reasonable assumptions. All statements are valid only as of the date first posted. These statements may not reflect future developments due to user feedback or later events, and we may not update this post in response. Please review the Chainlink Terms of Service, which provides important information and disclosures.
FTAI Aviation Ltd. (FTAI) Q3 2026 Earnings Call October 29, 2026 8:00 AM EDT
Company Participants
Charles Arestia - Principal - Investor Relations
Joseph Adams - Chairman & CEO
David Moreno - President
Nicholas McAleese - Chief Financial Officer
Conference Call Participants
Sheila Kahyaoglu - Jefferies LLC, Research Division
Giuliano Anderes-Bologna - Compass Point Research & Trading, LLC, Research Division
Kristine Liwag - Morgan Stanley, Research Division
Andre Madrid - BTIG, LLC, Research Division
Kenneth Herbert - RBC Capital Markets, Research Division
Brandon Oglenski - Barclays Bank PLC, Research Division
Jeffrey Kauffman - Citizens JMP Securities, LLC, Research Division
Shannon Doherty - Deutsche Bank AG, Research Division
Louis Raffetto - Wolfe Research, LLC
Joshua Sullivan - JonesTrading Institutional Services, LLC, Research Division
Marni Lysaght - Macquarie Research
Presentation
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Third Quarter 2026 FTAI Aviation Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to turn the conference over to Charlie Arestia, Principal Investor Relations. Please go ahead.
Charles Arestia
Principal - Investor Relations
Thank you, Michelle. I'd like to welcome you all to the FTAI Aviation Third Quarter 2026 Earnings Call, which is open to the public in listen-only mode and is being webcast.
Joining me here today are Joe Adams, our Chief Executive Officer; David Moreno, our President; Nicholas McAleese, our Chief Financial Officer; and Stacy Kuperus, our Chief Operating Officer. We posted an investor presentation and our press release on our website, which we encourage you to download if you have not already done so.
We will be discussing some non-GAAP financial measures during the call today, including adjusted EBITDA. The reconciliation of these measures to the most directly comparable GAAP measures can be found in the earnings supplement.
In addition, certain statements made today will be forward-looking statements, including regarding
Alipay said it does not authorize crypto trading through third-party platforms.
Peer announced a beta service on October 27 for trading USDC with Chinese yuan via Alipay.
Peer reported 107 trades worth about $7,094 from 45 buyers since August 21.
Peer later said it has no formal partnership with Alipay.
China bans crypto trading and fiat-to-crypto exchanges under rules updated in February 2026.
Chinese payments company Alipay has denied that it supports cryptocurrency trading through outside platforms. The statement came after peer-to-peer marketplace Peer announced a service for buying and selling USDC with Chinese yuan.
Peer announced the feature on October 27. It said buyers could pay in yuan through Alipay to receive USDC, while sellers could swap the stablecoin for yuan.
Alipay responded roughly one day later. Its October 28 statement said the company does not authorize virtual currency transactions or related services on its payment network.
How Peer’s USDC Service Works
Peer described the Alipay payment option as live in beta. It directed users to its Chinese-language account for instructions and customer support.
Under the setup, a buyer sends yuan directly to another user through Alipay. Once the seller confirms the payment, Peer handles the delivery of USDC.
The platform uses an onchain escrow system. The seller first deposits USDC into a smart contract, and the contract releases the coins to the buyer’s wallet after the yuan payment is verified.
Alipay does not issue USDC or run an exchange under this arrangement. However, its service would still carry the yuan side of each trade.
Peer later said it had no formal partnership with Alipay. It described the system as payments directed by individual users, not an official link with the payments company.
Peer said the arrangement had been running since August 21. In that time, it reported 107 completed trades involving 45 buyers, with total volume of about $7,094.
That works out to roughly $66.30 per trade. The figures come from Peer and have not been published by Alipay.
China’s Rules on Crypto Payments
China has restricted crypto transactions for years. Alipay has previously set up monitoring to find and limit accounts used for over-the-counter crypto trading.
In February 2026, the People’s Bank of China and seven other government departments issued updated crypto rules. They classified crypto trading, fiat-to-crypto exchanges and related services as banned financial activities.
The rules covered Bitcoin, Ether and stablecoins. Authorities said cryptocurrencies are not legal money and cannot circulate as currency in China.
In June, the central bank outlined new anti-money laundering steps. These targeted virtual currency trades, underground banking networks and cross-border financial crime.
In its October 28 statement, Alipay said, “Claims that Alipay enables crypto purchases on third-party platforms are false and unauthorized.”
The company urged customers to protect their funds and accounts. It also warned users to be careful when outside platforms advertise crypto purchases using Alipay.
Wall Street güçlü görünüyor ama herkes kazanmıyor. Coinbase hisseleri zirvesinden %56, Circle %44, Robinhood ise %40 geride. S&P 500 rekor seviyelere yakın seyrederken kripto şirketlerindeki kayıplar, yükselişin piyasaya eşit dağılmadığını gösteriyor.
Kobeissi Letter, bu ayrışmayı “gizli ayı piyasası” olarak tanımlıyor. Kurumun verilerine göre 30 Mart’tan bu yana S&P 500’deki kazançların %70’i yalnızca 10 hisseden geldi. Endeks yükselirken birçok şirketin gerilemesi, piyasanın gerçek gücü konusunda soru işaretleri yaratıyor.
Endeks Yükseliyor, Kripto Hisseleri Geride Kalıyor
Kobeissi Letter’ın izlediği 20 teknoloji hissesi ayı piyasası bölgesinde. AppLovin zirvesinden %65 düşerken Coinbase %56 kayıpla üçüncü sırada. Circle ve Robinhood da sert düşüşten kurtulamadı.
Sorun yalnızca kripto şirketleriyle sınırlı değil. Nvidia, S&P 500’deki toplam yükselişin %13’ünü tek başına sağladı. Endekse katkı veren şirketlerden Micron zirvesinin %24, Alphabet ise %28 altında işlem görüyor.
Faiz beklentileri de değişti. Kobeissi Letter’ın ekim ortasındaki verileri, piyasaların Haziran 2027’ye kadar üç faiz artışını fiyatladığını gösteriyordu. Yılın başında ise beklenti üç faiz indirimi yönündeydi.
Circle ve Robinhood cephesinde şirketlere özgü sorunlar da var. USDC ihraççısı Circle, rezervlerinden elde ettiği faiz gelirlerine büyük ölçüde bağımlı. Şirket hisseleri, Senato’daki CLARITY Act oylamasının tıkanmasının ardından eylülde gün içinde yaklaşık %11 geriledi.
Robinhood üçüncü çeyrekte 1,4 milyar dolarla rekor gelir açıkladı. Buna rağmen hisse başına seyreltilmiş kârı yıllık bazda %16 düştü. Rekor gelir, yatırımcıların kârlılığa ilişkin kaygılarını gidermeye yetmedi.
Bitcoin 80 Bin Doların Altında, Coinbase Bilançosu Yaklaşıyor
Bitcoin, 80 bin doları koruyamıyor ve sık sık bu seviyenin altına geriliyor. ABD Hazinesi’nin salı günü 6 milyar dolarlık tahvil geri alım programı limitini doldurması da fiyatı yukarı taşımadı.
Coinbase, üçüncü çeyrek sonuçlarını perşembe günü piyasa kapanışından sonra açıklayacak. Analistler yaklaşık 1,2 milyar dolar gelir bekliyor. Bu tahmin, geçen yılın aynı dönemine göre %36 düşüş anlamına geliyor. Piyasa beklentileri ayrıca şirketin zarar açıklayabileceğine işaret ediyor.
İkinci çeyrek verileri, işlem faaliyetlerindeki yavaşlamayı ortaya koymuştu. Tüketici işlemlerinden elde edilen gelir yıllık bazda %20 düşerek 452 milyon dolara indi. Spot işlem hacmi de ilk çeyreğe kıyasla %25 azaldı.
İşlem hacmindeki gerileme, Coinbase’in gelir beklentileri açısından önemli bir risk oluşturuyor. Yeni bilançoda yatırımcılar yalnızca toplam gelire değil, işlem faaliyetlerinin seyrine de bakacak.
Dar Tabanlı Yükseliş Piyasayı Savunmasız Bırakıyor
Ekonomist Peter Schiff, Stocktwits’in aktardığı değerlendirmesinde bugünkü dar piyasa katılımını 1973 ve 1999–2000 dönemleriyle karşılaştırdı. Schiff, bu dönemlerin ardından %50’lik düşüşler yaşandığını savundu. Ancak tarihsel benzerlikler, aynı sonucun bugün de tekrarlanacağını kanıtlamıyor.
Kobeissi Letter ise daha iyimser bir senaryoya dikkat çekiyor. Kuruma göre enerji maliyetleri ve faiz baskısı hafiflerse piyasa sert bir yükseliş yaşayabilir. Bunun gerçekleşmesi için yükselişin birkaç büyük şirketle sınırlı kalmaması gerekiyor.
Kripto hisselerinde toparlanma için de Bitcoin’in yükselmesi tek başına yeterli olmayabilir. Coinbase’in bilançosu ve işlem hacimleri, şirketin gelir görünümüne ilişkin daha somut ipuçları verecek.
ABD borsası rekor seviyelere yakınken Coinbase, Circle ve Robinhood zirvelerinden %40–56 uzakta. Endeksin yükselişi bu kayıpları gizleyebilir; ancak kripto hisselerinde kalıcı toparlanma için şirket performanslarının da güçlenmesi gerekiyor.
Bu içerik genel piyasa verilerine dayanır ve yatırım tavsiyesi değildir. Kendi araştırmanızı yapmanızı öneririz.
Son Dakika kripto para haberleri için hemen tıkla.
Konu ile ilgili yorumlarınızı bize yazabilirsiniz. Ayrıca, bu tarz bilgilendirici içeriklerin devamının gelmesini isterseniz, bizleri Telegram, Youtube ve Twitter kanallarımızdan takip edebilirsiniz.
According to TradingBeats monitoring, over the past two hours, a whale wallet starting with 0x30a opened a new long position in CL crude oil worth approximately $17.9554 million at an average price of $100.9, using 10x isolated leverage. The position currently has an unrealized profit of around $69,300, with a liquidation price of ~$93.19, roughly 8.07% below the current market price.
The account’s equity stands at about $2.8723 million; its combined long positions in crude oil and Microsoft total around $28.846 million, with an overall leverage ratio of roughly 10.04x. Crude oil accounts for 62.45% of total holdings, while the remaining portion is a Microsoft long position worth approximately $10.832 million. Fund records show that between October 26 and 27, the account received two transfers totaling ~2.0312 million USDC from the same address. The profit curve indicates its overall net loss over the past month is around $14.9545 million.
Before shifting to crude oil, the whale took profits on its long positions in Western Digital and Intel this morning after their earnings reports, generating a total trading profit of about $714,200; additionally, part of its Google long position was liquidated, leading to a total net loss of roughly $590,000 upon exiting those positions.
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Canton plans to launch tokenized US stock trading as early as November 2, and is expected to become the first such case under the SEC's new rules.
Nasdaq-listed Canton Strategic Holdings (CNTN) announced an agreement with TSV, a permissioned tokenized securities trading platform on the Canton Network, to offer its common stock for trading in issuer-initiated tokenized form. The target launch date is as early as November 2, and the company expects this to become the first compliant tokenized onshore U.S. equities case under the U.S. Securities and Exchange Commission (SEC)’s Innovation Exemption Framework. The tokenized shares are issued by Fairmint, an SEC-registered on-chain transfer agent that maintains ownership records, with holders entitled to the same rights as Nasdaq stockholders. The trading will run via the Tradecraft protocol as an automated market maker (AMM), enabling nearly 24/7 trading and atomic settlement. Participants must complete identity verification and sanctions screening. The issuer-initiated model avoids the objection and notification processes typical of third-party tokenization schemes.
2 hours ago
HYPE continues its rally, breaking through $97, and is just $1 away from hitting a new all-time high.
According to HTX market data, HYPE has continued its rally, breaking through the $97 mark, surging over 20% in 7 hours, and is only $1 away from hitting a new all-time high. Earlier news, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into the U.S. regulated market.
2 hours ago
Strategy Perpetual Preferred Stock (STRC) rises to $99.95.
Strategy’s third-quarter financial results are upcoming, and its perpetual preferred stock STRC has climbed to $99.95, its highest level in 165 days. STRC is designed to trade around $100 via a floating dividend mechanism. When STRC nears par value, the company can raise capital through at-the-market (ATM) share issuances to purchase bitcoin — a route the market commonly dubs the "bitcoin money printer". Previously, after STRC fell below par value, such ATM offerings were temporarily halted.
2 hours ago
Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
Axis Robotics has issued a statement addressing the massive on-chain sell-off of AXIS tokens that took place between October 28 and 29. The project clarified that a total of 835 million AXIS tokens—accounting for 83.5% of the total supply, held by its core team, investors, and other locked allocations—remain stored in a vesting contract co-managed with Binance, which is verifiable on-chain. No tokens from these locked pools will be unlocked before the 12-month cliff period, and the recent sell-off was not driven by the team or investors exiting positions.
The project added that the sold tokens originated from the initial circulating supply outlined in its publicly released token economics, part of the ecosystem allocation. Given that some ecosystem recipients are not crypto-native users, the allocation was delivered via a single over-the-counter (OTC) counterparty under a written agreement with lock-up clauses. The sales were processed through exchange deposit routes and executed across hundreds of new addresses within hours of delivery. The project suspects the counterparty likely offloaded the tokens on the open market.
Earlier, on-chain detective ZachXBT disclosed that insider addresses linked to Axis Robotics (AXIS) dumped tokens, triggering a roughly 40% plunge in the token’s price.
2 hours ago
The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
Canadian AI model startup Cohere is undertaking a large-scale financing round, with a valuation of $20.5 billion — roughly triple its value a year ago. Cohere announced Thursday that it has completed the first tranche of this financing round, with a total expected size of up to $50 billion. It has secured investment commitments from backers including the Canadian government and NVIDIA, and the $6 billion investment from European retail giant Schwarz Group, previously disclosed, is also included. The Canadian government has agreed to invest up to $1.14 billion in Cohere. Canadian Prime Minister Mark Carney stated that Cohere plans to retain its headquarters in Canada and expects to build new computing infrastructure in the country by 2030, with an investment of around $1.2 billion. If the financing round is successfully completed, it will become the largest private financing in Canadian history, far exceeding previous records.
2 hours ago
Alphabet’s quarterly report filings disclose its AI exposure exceeds $1 trillion, with over one-third of the growth in its unfulfilled cloud contracts coming from joint ventures.
According to Bloomberg, Google parent company Alphabet's quarterly filing submitted on Thursday revealed artificial intelligence-related risk exposures not covered in the prior day's earnings call, and showed its AI risk exposure surpassed $1 trillion. Alphabet cited rapid growth in cloud service demand, with the expansion of its unfulfilled cloud contracts as evidence. Bloomberg noted that over a third of the growth in the quarter's unfulfilled cloud contracts came from a joint venture in which Alphabet holds a partial stake.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Chinese payments giant Alipay has refuted claims that it supports cryptocurrency trading through third-party platforms following an announcement by Peer, a decentralized peer-to-peer trading marketplace, about a new service enabling users to buy and sell the stablecoin USDC with Chinese yuan via Alipay’s payment network.
Alipay’s Statement and Peer’s AnnouncementPeer stated on October 27 that it had launched a beta service allowing users to purchase USDC by paying sellers in yuan through Alipay, or to sell USDC in exchange for yuan. The platform encouraged users to seek support and guidance through its Chinese-language social media channels and highlighted the service as a new on-ramp for stablecoins in China.
Peer emphasized that buyers can pay for USDC directly in CNY using Alipay, while sellers receive yuan for their digital assets via the payment app; instructions and support are available in Chinese.
Less than 24 hours after the launch, Alipay released an official statement on October 28 clarifying that it does not authorize or support cryptocurrency transactions through its network. The company warned that any claims suggesting otherwise are both untrue and unauthorized, urging users to safeguard their funds and remain cautious about advertisements promoting the purchase of crypto using Alipay.
Alipay, a subsidiary of Alibaba Group, is one of China’s largest digital payment providers, serving over one billion users globally.
Mini dictionary: Peer is a decentralized marketplace that facilitates peer-to-peer cryptocurrency trades, allowing users to buy and sell digital assets like stablecoins with local currencies.
How the Peer Platform OperatesPeer’s platform employs an onchain escrow system to manage trades. The process begins when a buyer pays yuan directly to a seller through Alipay. Once the seller confirms receipt of payment, USDC tokens deposited in a smart contract escrow are released to the buyer’s wallet.
Peer clarified that no formal relationship exists with Alipay, and all payments are user-initiated rather than an official partnership with the payment provider.
According to Peer, the beta function has been live since August 21 and has seen 107 transactions from 45 buyers, reaching a total trading volume of about $7,094. This amounts to an average transaction value of approximately $66.30. Alipay has not provided independent confirmation of these figures.
MetricReported ValueTotal trades107Number of buyers45Total volume$7,094Average per trade$66.30Regulatory Landscape in ChinaChina has maintained longstanding prohibitions on cryptocurrency activities. Alipay has previously reported implementing monitoring procedures to detect and restrict accounts suspected of being used for over-the-counter crypto trading.
In February 2026, the People’s Bank of China and seven other state agencies published updated regulations explicitly banning cryptocurrency trading, fiat-to-crypto platforms, and related financial services. The new rules targeted assets such as Bitcoin, Ether, and stablecoins like USDC, reiterating that cryptocurrencies lack legal status as currency in the country.
Additionally, in June, China’s central bank unveiled further anti-money laundering measures aimed at preventing illegal activity associated with virtual currencies, underground banking, and cross-border capital flows.
Alipay’s statement repeated its commitment to adhering to Chinese regulations and reminded users that virtual currency purchases or transaction facilitation are not permitted on its platform. The company encouraged customers to report suspicious activities and be vigilant against non-official claims of cryptocurrency support.
Binance will launch spot trading for Predict (PREDICT) at 18:00 (UTC+8) on October 30, adding a "seed" tag, with trading pairs PREDICT/USDT, PREDICT/USDC, and PREDICT/TRY available. Withdrawals for the token are scheduled to open at 18:00 (UTC+8) on October 31.
Relevant content
Canton plans to launch tokenized US stock trading as early as November 2, and is expected to become the first such case under the SEC's new rules.
Nasdaq-listed Canton Strategic Holdings (CNTN) announced an agreement with TSV, a permissioned tokenized securities trading platform on the Canton Network, to offer its common stock for trading in issuer-initiated tokenized form. The target launch date is as early as November 2, and the company expects this to become the first compliant tokenized onshore U.S. equities case under the U.S. Securities and Exchange Commission (SEC)’s Innovation Exemption Framework. The tokenized shares are issued by Fairmint, an SEC-registered on-chain transfer agent that maintains ownership records, with holders entitled to the same rights as Nasdaq stockholders. The trading will run via the Tradecraft protocol as an automated market maker (AMM), enabling nearly 24/7 trading and atomic settlement. Participants must complete identity verification and sanctions screening. The issuer-initiated model avoids the objection and notification processes typical of third-party tokenization schemes.
2 hours ago
HYPE continues its rally, breaking through $97, and is just $1 away from hitting a new all-time high.
According to HTX market data, HYPE has continued its rally, breaking through the $97 mark, surging over 20% in 7 hours, and is only $1 away from hitting a new all-time high. Earlier news, Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, plans to partner with Trade.xyz to introduce perpetual contract products into the U.S. regulated market.
2 hours ago
Strategy Perpetual Preferred Stock (STRC) rises to $99.95.
Strategy’s third-quarter financial results are upcoming, and its perpetual preferred stock STRC has climbed to $99.95, its highest level in 165 days. STRC is designed to trade around $100 via a floating dividend mechanism. When STRC nears par value, the company can raise capital through at-the-market (ATM) share issuances to purchase bitcoin — a route the market commonly dubs the "bitcoin money printer". Previously, after STRC fell below par value, such ATM offerings were temporarily halted.
2 hours ago
Axis Robotics Responds to AXIS Token Sell-Off: Suspects Over-the-Counter (OTC) Counterparties Defaulted on Sell Orders, Team and Investor Tokens Remain Untouched
Axis Robotics has issued a statement addressing the massive on-chain sell-off of AXIS tokens that took place between October 28 and 29. The project clarified that a total of 835 million AXIS tokens—accounting for 83.5% of the total supply, held by its core team, investors, and other locked allocations—remain stored in a vesting contract co-managed with Binance, which is verifiable on-chain. No tokens from these locked pools will be unlocked before the 12-month cliff period, and the recent sell-off was not driven by the team or investors exiting positions.
The project added that the sold tokens originated from the initial circulating supply outlined in its publicly released token economics, part of the ecosystem allocation. Given that some ecosystem recipients are not crypto-native users, the allocation was delivered via a single over-the-counter (OTC) counterparty under a written agreement with lock-up clauses. The sales were processed through exchange deposit routes and executed across hundreds of new addresses within hours of delivery. The project suspects the counterparty likely offloaded the tokens on the open market.
Earlier, on-chain detective ZachXBT disclosed that insider addresses linked to Axis Robotics (AXIS) dumped tokens, triggering a roughly 40% plunge in the token’s price.
2 hours ago
The Canadian government and Nvidia have participated in Cohere's financing round, with the latter's valuation exceeding $20 billion.
Canadian AI model startup Cohere is undertaking a large-scale financing round, with a valuation of $20.5 billion — roughly triple its value a year ago. Cohere announced Thursday that it has completed the first tranche of this financing round, with a total expected size of up to $50 billion. It has secured investment commitments from backers including the Canadian government and NVIDIA, and the $6 billion investment from European retail giant Schwarz Group, previously disclosed, is also included. The Canadian government has agreed to invest up to $1.14 billion in Cohere. Canadian Prime Minister Mark Carney stated that Cohere plans to retain its headquarters in Canada and expects to build new computing infrastructure in the country by 2030, with an investment of around $1.2 billion. If the financing round is successfully completed, it will become the largest private financing in Canadian history, far exceeding previous records.
2 hours ago
Alphabet’s quarterly report filings disclose its AI exposure exceeds $1 trillion, with over one-third of the growth in its unfulfilled cloud contracts coming from joint ventures.
According to Bloomberg, Google parent company Alphabet's quarterly filing submitted on Thursday revealed artificial intelligence-related risk exposures not covered in the prior day's earnings call, and showed its AI risk exposure surpassed $1 trillion. Alphabet cited rapid growth in cloud service demand, with the expansion of its unfulfilled cloud contracts as evidence. Bloomberg noted that over a third of the growth in the quarter's unfulfilled cloud contracts came from a joint venture in which Alphabet holds a partial stake.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Curve Finance, a decentralized exchange platform specializing in stablecoin trading and automated market-making, has launched its StableSwap protocol on Stellar mainnet. The rollout, announced by Curve Finance and the Stellar Development Foundation on October 29, 2026, represents the protocol’s first native deployment on a blockchain that does not use the Ethereum Virtual Machine (EVM).
With the launch, Curve’s StableSwap product is now live on Stellar, enabling users to create pools without permission, conduct swaps, and provide liquidity for stablecoins and synthetic crypto assets. This move allows Curve to serve assets whose prices should remain closely linked, such as stablecoins of the same denomination or wrapped tokens.
According to the team, future plans include bringing FXSwap—Curve’s trading product for stablecoins pegged to different fiat currencies—to Stellar, once a third-party security audit is complete. No specific activation date for FXSwap on Stellar has been set.
Curve Finance founder Michael Egorov noted that “the demand for Curve on Stellar comes from institutions,” and emphasized that exploring non-EVM chains only made sense “if there is demand.” He described Stellar as “closer to the familiar EVM world than many other chains.”
Currently, no official trading volume or on-chain activity figures for the new pools on Stellar have been released. Research from Crypto Briefing reports that the stablecoin market on Stellar is valued at approximately $394 million, most of which consists of USDC.
Mini dictionary: Stellar is an open-source, decentralized payment protocol designed to enable fast and low-cost transfers between fiat currencies and digital assets, often partnering with financial institutions and fintech companies for cross-border payments.
The path to Stellar and Curve’s expansionCurve had already launched FXSwap on Ethereum in December 2025, using it to facilitate automated market-making for foreign exchange and low-volatility pairs. The product supports stablecoins pegged to major currencies as well as synthetic assets. Curve expanded FXSwap to Polygon in May 2026, partnering with Polygon Labs, Frax, Frax Finance, and DFB to introduce pools pairing frxUSD with currencies including BRZ, IDRX, tGBP, AUDF, KRWQ, and USDT.
Subsequent governance votes in May and June 2026 led Curve to approve upgraded FXSwap pool mechanisms that help minimize arbitrage-driven value loss during rebalances. By September 17, 2026, Curve went live on Arc, a stablecoin-focused network, and claimed to operate more than 20 FX pools spanning 10 currency corridors across five networks.
Curve’s deployment on Stellar marks its first move beyond EVM-compatible chains, reflecting the protocol’s ongoing adaptation to varying blockchain standards and institutional demand.
Key FXSwap/StableSwap Expansion MilestonesDateFXSwap launch on EthereumDecember 11, 2025FX pools on PolygonMay 21, 2026Arc network launchSeptember 17, 2026StableSwap live on StellarOctober 29, 2026At the time of the Stellar deployment, Curve’s total value locked stood at $1.27 billion, according to data cited by TechFlow. This figure has not been independently verified and is based on third-party reporting.
Technical aspects and market environmentWhile Curve has not detailed how its contracts were adapted for Stellar, the launch shows its continued focus on expanding beyond EVM chains. StableSwap’s initial phase is live now on Stellar, while FXSwap will follow after audit completion. Technical specifics regarding the differences between Stellar and EVM implementations have not been disclosed.
The market environment at launch was subdued. On October 29, 2026, Bitcoin traded at $80,021 after slipping 1.16% over 24 hours and 4.67% in 30 days. Ethereum and Solana posted larger 30-day declines, each dropping between 14% and 16% over the same period. The Crypto Fear & Greed Index read 51, or “Neutral.” There was no immediate data on trading activity in the new Stellar pools.
AssetPrice (USD)24h Change30d ChangeBitcoin (BTC)$80,021-1.16%-4.67%Ethereum (ETH)$2,320.09-1.11%-14.4%Solana (SOL)$100.11-1.87%-15.99%New deployments carry inherent risks. Aside from general market volatility, users and liquidity providers face potential smart contract bugs and stablecoin depegs. These risks can lead to total loss of funds, especially on non-EVM chains with less battle-tested code. Additionally, stablecoin regulation remains fluid and varies by jurisdiction.
What’s next for Curve on Stellar?The next key milestone is the completion and activation of the FXSwap audit, after which the protocol may offer cross-currency stablecoin trading on Stellar. Institutions are expected to play a significant role once FXSwap goes live, though their identities have not been disclosed. Trading volumes and liquidity statistics for Stellar pools are expected in the coming months.
Crypto Briefing described the Stellar deployment as “Curve’s first move beyond EVM chains,” noting that the protocol will further expand its stablecoin and FX trading functionality once FXSwap arrives, and that Stellar’s stablecoin market is valued at $394 million, led by USDC.
29 October 2026 | 17:27 Circle booked $701.3 million in second-quarter revenue and reserve income, but most of it went to partners and costs, and USDC’s terms give holders no claim on the reserve interest.
Key Takeaways Coinbase-linked costs absorbed $324.6M of $701.3M. Circle kept $48.2M after costs and tax. Average USDC rose 25%; reserve income only 5%. Holder rewards come from platforms, not reserves. Where every $100 went Split into shares of $100, Circle’s quarter looks like this, based on its second-quarter results filed with the SEC on August 5:
$46.30 Coinbase-linked distribution costs
$12.50 other distribution, transaction and related costs
$4.90 operating income, rising to about $6.90 of net income after other income and tax
In dollars, the quarter ran as follows:
Total revenue and reserve income$701.3M
Distribution, transaction and other costs−$412.5M
Operating expenses−$254.5M
Operating income$34.4M
Other income, net+$17.9M
Income tax−$4.1M
Net income, continuing operations$48.2M
Rounded; steps may not sum exactly.
The $412.5 million line is the one that answers the headline. Most of it, $324.6 million, is tied to Circle’s agreements with Coinbase. The rest covers other partners, transaction costs and related items.
Why the reserve money isn’t Circle’s to spend The dollars behind USDC sit in reserves kept apart from Circle’s operating funds. According to Circle’s transparency page, they are held as cash and in the Circle Reserve Fund, which can own short-dated US Treasuries and overnight Treasury repurchase agreements. Those assets earn interest while staying ready to meet redemptions, and that interest is where most of Circle’s revenue comes from.
Holders have no claim on it. Circle’s USDC terms for users outside the European Economic Area state that holders are not entitled to interest or other returns earned on the reserves; EEA holders are covered by separate documentation.
Your dollar becomes USDC
↓
Reserves buy Treasuries and repo
↓
Interest goes to Circle
↓
Circle pays Coinbase and other partners
↓
A platform may choose to pay you a reward
More USDC, thinner returns Circle’s earnings release shows average USDC in circulation up about 25% from a year earlier, while reserve income grew only about 5%. The return on reserves fell by 0.66 percentage points as interest rates came down.
The quarterly filing puts numbers on the tug of war: roughly $147.4 million of extra reserve income came from having more USDC outstanding, and roughly $113.9 million was lost to lower yields. Circle still improved where it counts for its own margins. Revenue left after distribution, transaction and other costs rose about 15%.
How Coinbase’s share is worked out Coinbase’s cut comes in two parts. It receives income tied to the USDC held on its own platform, after an amount Circle keeps as issuer. It also takes half of what remains from USDC held elsewhere, once other partners’ allocations are paid.
That is why an exchange values USDC balances even when customers are not trading them: the balances earn the exchange money. Competing stablecoins use similar partner economics to win distribution, as Coindoo explained in its look at Open USD’s partner incentives.
When reading these numbers, keep the companies separate. Coinbase’s USDC income and Circle’s reserve income describe the same money from two sets of books, so adding them together counts it twice.
What you actually earn Any reward a holder receives comes from the platform, on the platform’s terms. Coinbase describes its USDC rewards as a loyalty programme it funds itself, with rates that vary by region and account type, eligibility rules, and the right to change or end it. Moving USDC to another wallet leaves the programme behind.
Membership fees can change the maths. Using hypothetical figures:
+$40
a year from $1,000 at 4%
−$120
a year for a $10 monthly membership
A holder paying for a membership only to unlock the reward would be $80 a year behind on those numbers, before tax. Real rates, balances and other membership benefits would change the result.
Spending USDC carries its own fees Paying with USDC adds a separate set of costs that never touch Circle’s accounts. Payment providers charge businesses for processing, screening, conversion and payouts. Stripe’s documentation, for example, describes customers paying in supported stablecoins while merchants are settled in local currency in their Stripe balance. As Coindoo noted in its piece on stablecoin conversion costs, what matters to the recipient is the amount they can actually spend, the total fees and how long the money takes to arrive.
Circle publishes its third-quarter results on November 4, with updated figures for circulation, reserve yields and partner payments.
This article is provided for informational purposes only and does not constitute financial or investment advice.
Author
Alexander Zdravkov is a market analyst and crypto journalist with interests in economics, broader financial markets and digital assets. His journey into crypto began more than four years ago, driven by a fascination with the rapid evolution of blockchain technology and the transformative potential of decentralized finance. He began analyzing market cycles and identifying emerging trends before they reach the mainstream. He holds a degree in International Relations - a background that helped shape his broader perspective on global economics, geopolitics, and the interconnected nature of modern financial markets. Whether covering the latest developments in the crypto sector or exploring broader macroeconomic themes, Alexander focuses on giving readers context rather than simply repeating headlines. During his career, he has authored more than 5,000 articles covering cryptocurrencies, traditional finance, and global market developments. His work spans everything from Bitcoin and altcoins to macroeconomic trends influencing risk assets worldwide.
