Track market-moving stories before they get noisy

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.

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.

2 hours ago

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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.

2 hours ago

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.

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Existing multichain accounts gain recovery-phrase-derived Stellar addresses, with support for XLM, USDC and Soroban tokens.

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Existing multichain accounts gain recovery-phrase-derived Stellar addresses, with support for XLM, USDC and Soroban tokens.

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Key Takeaways Viking Therapeutics reported a Q3 loss of $1.55 per share, missing estimates.R&D expenses rose 85.4% to $166.8 million, driven by higher clinical development costs.VK2735 phase III studies remain on track, with results expected in 2027.
Viking Therapeutics (VKTX - Free Report) reported a third-quarter 2026 loss of $1.55 per share, wider than the Zacks Consensus Estimate of a loss of $1.00. The loss widened 91.4% over the year-ago period, driven by higher operating expenses.

Viking generated no revenue, unchanged from the year-earlier quarter. Its lead obesity candidate, VK2735, is in four phase III registration studies. During the earnings conference call, CEO Brian Lian said the company was about two and a half years from a potential VK2735 launch.

VKTX's Operating Expenses Surge on Development WorkResearch and development (R&D) expenses climbed 85.4% year over year to $166.8 million. The increase primarily reflected spending on clinical studies, drug manufacturing, stock-based compensation and employee costs, partly offset by lower preclinical spending.

General and administrative expenses climbed 135.9% to $20.3 million due to legal and patent services, external consultants, stock-based compensation and employee costs.

Total operating expenses were $187.1 million, up 89.8% over the year-ago quarter.

VKTX Stock PerformanceYear to date, shares of the company have lost 22% against the industry’s 7% growth.

Image Source: Zacks Investment Research

Viking's VANQUISH Studies Remain on TrackVK2735 is an investigational dual GLP-1 and GIP receptor agonist being developed to treat obesity. The phase III VANQUISH-1 study targets adults with obesity, while VANQUISH-2 enrolls those with obesity and type II diabetes (T2D). The fully enrolled studies include roughly 4,500 and 1,000 participants, respectively.

Each study compares three VK2735 doses with placebo over 78 weeks, focusing on percentage weight loss. Viking expects the studies to finish in 2027. Extension studies are expected to begin in early 2027 and allow up to 52 additional weeks of treatment. Results from those extensions are anticipated in 2028.

VKTX Begins Phase III Testing of Oral VK2735In October, the company initiated the SUNRISE-1 and SUNRISE-2 studies of once-daily oral VK2735, targeting adults with obesity and those with overweight or obesity and T2D, respectively. Each 68-week study plans to enroll 560 patients and evaluate doses of 27.5 mg, 35 mg and 55 mg against placebo.

These studies follow phase II results showing mean weight loss of up to 12.2% after 13 weeks. Up to 80% of treated participants lost at least 10% of their body weight, versus 5% in the placebo group. Viking sees the tablet as a way to offer patients an alternative to injections.

Viking's Maintenance Study Shows Durable Weight LossIn the first part of its maintenance study, patients lost roughly 16% to 19% of baseline weight after 21 weeks of weekly injections. Participants transitioning to every-other-week injections retained 83% to 97% of that loss through week 33; those transitioning to monthly dosing retained 82% to 90%. The placebo-switch group retained 61%.

Another group receiving weekly 17.5-mg injections for 33 weeks achieved roughly 22% weight loss without a plateau. Management reported that adverse-event rates during less-frequent maintenance dosing were generally similar to placebo, supporting further study of more flexible regimens.

VKTX Expands Its Obesity Treatment PipelineViking recently initiated the second part of the VK2735 maintenance study in approximately 195 adults. After 21 weeks of weekly injections, patients will switch to daily oral treatment, injections every other week or monthly, or placebo. Data are expected in 2027.

The company is also advancing VK3019, a dual amylin and calcitonin receptor agonist. Its phase I single-ascending-dose study is nearing completion, with a four-week multiple-ascending-dose study planned for the first quarter of 2027. Management views VK3019 as a potential standalone obesity drug or future combination with VK2735.

Viking's Cash Position Supports Development PlansThe company ended September with $960 million in cash, cash equivalents and short-term investments, up from $706 million at year-end 2025. It raised about $575 million in gross proceeds from concurrent common-stock and convertible-note offerings, with net proceeds of approximately $550 million.

On the earnings call, management indicated that quarterly cash usage should average around $100 million, although individual quarters will vary. Near-term general and administrative spending is expected to remain relatively flat, with increases possible as commercialization approaches.

CEO Lian said Viking has a senior vice president overseeing commercialization who has worked on multiple obesity drug launches, along with leaders in market access, medical affairs and health economics. Viking has also added personnel in technical operations, chemistry, manufacturing and controls, supply chain, quality and compliance. These investments are intended to prepare for commercialization while late-stage studies advance.

VKTX’s Zacks RankViking currently carries a Zacks Rank #3 (Hold).

Our Key Picks Among Biotech StocksA couple of better-ranked stocks in the biotech sector include TG Therapeutics (TGTX - Free Report) and Amneal Pharmaceuticals (AMRX - Free Report) . While TGTX currently sports a Zacks Rank #1 (Strong Buy), AMRX carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Over the past 30 days, earnings per share (EPS) estimates for TG Therapeutics have risen from 92 cents to 94 cents for 2026. Over the same period, estimates for 2027 EPS have increased from $2.65 to $2.66. TGTX’s shares have risen 93% year to date.

TG Therapeutics’ earnings missed estimates in three of the trailing four quarters and beat in the remaining one, with the average surprise being 184.65%.

Over the past 30 days, EPS estimates for Amneal Pharmaceuticals have increased from $1.03 to $1.04 for 2026. Over the same period, estimates for 2027 EPS have risen from $1.16 to $1.19. AMRX’s shares have surged 68% year-to-date.

Amneal Pharmaceuticals’ earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 32.82%.

Iovance Biotherapeutics, Inc. (IOVA) Discusses Positive Lifileucel Data and Precision TIL Strategy in Non-small Cell Lung Cancer October 29, 2026 8:30 AM EDT

Company Participants

Sara Pellegrino - Senior Vice President of Investor Relations & Corporate Communications
Frederick Vogt - Interim CEO, President, General Counsel, Corporate Secretary & Director

Conference Call Participants

Lin Tsai - Jefferies LLC, Research Division
Yanan Zhu - Wells Fargo Securities, LLC, Research Division
Etzer Darout - Barclays Bank PLC, Research Division
Nicholas Lorusso - TD Cowen, Research Division
Jack Allen - Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Welcome to the Iovance Biotherapeutics conference call to review updated data from the IOV-LUN-202 trial in non-small cell lung cancer. My name is Carmen. I'll be your operator for today.

So as we were welcoming everybody to the Biotherapeutics conference call to review the updated data from the IOV-LUN-202 trial in non-small cell lung cancer. My name is Carmen. I'll be your operator for today. [Operator Instructions] And please note that this conference call is being recorded.

I will now turn the call over to Sara Pellegrino, Senior Vice President, Investor Relations and Corporate Communications at Iovance. Sara, you may begin.

Sara Pellegrino
Senior Vice President of Investor Relations & Corporate Communications

Thank you. Welcome to Iovance Biotherapeutics conference call to review updated data from IOV-LUN-202 in non-small cell lung cancer, and welcome to the webcast to review updated registrational trial data in previously treated non-squamous non-small cell lung cancer and our biomarker-enriched precision TIL strategy. This morning, we issued a press release and the slides for today's webcast are available in the Investors section of our corporate website at ir.iovance.com.

Speaking on today's call is Dr. Fred Vogt, Interim CEO and President. During the question-and-answer session, we will also be joined by Dr. Noah Berkowitz, Dr. Brian Gastman, Dr. Raj Puri, Corleen Roche and Dan Kirby.

SummaryRestaurant Brands International Inc. is rated neutral, with shares fairly valued for current top-line growth and muted upside.QSR reported Q3 revenue of $2.53B (+3.1% YoY, slightly below consensus) and EPS of $1.10 (+6.9% YoY, slight beat).Burger King outperformed with 8.4% domestic same-store sales growth, while Popeyes lagged due to competitive discounting.High net debt ($12.6B, 4.0x EBITDA) and macro headwinds limit upside; QSR management reaffirmed ~8% organic operating income growth.Looking for option income ideas that focus on capital preservation? I offer this and much more at my exclusive investing ideas service, BAD BEAT Investing. Learn More » justhavealook/iStock Unreleased via Getty Images

We have had a pretty strong market the last few years. One stock that has not gone anywhere really is Restaurant Brands International Inc. (QSR). The company is slowly growing sales and EPS

45.31K Followers

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Bloomberg, Susquehanna, and Jump Trading are now among the firms reportedly paying up to $100,000 a month for early access to a presidential social media feed, and the conflict of interest drawing Senate scrutiny and federal lawsuits may be just

The cryptocurrency exchange has ended access to all products and services for users in both countries, with arrangements for affected users to close positions and withdraw assets.

Cryptocurrency exchange KuCoin has announced the immediate discontinuation of its services for users in Russia and Belarus, citing applicable legal and regulatory requirements as part of its broader commitment to compliance across its global operations.

The decision, announced on October 29, 2026, applies to all KuCoin products, services, and features. The exchange said the move reflects its continued focus on regulatory compliance and responsible business practices across its global operations.

For cryptocurrency exchanges operating internationally, navigating different legal and regulatory requirements is an ongoing operational challenge. Rules governing access to digital asset services can vary between jurisdictions, requiring platforms to assess where and under what conditions they can continue serving users.

Against this backdrop, KuCoin’s decision highlights how compliance considerations can directly influence the geographic availability of cryptocurrency services. The exchange has positioned regulatory adherence as a fundamental part of its operations, while outlining measures to manage the impact on affected users.

Despite the immediate discontinuation of services, KuCoin has committed to an orderly termination process, allowing affected users to close existing positions and withdraw their assets.

Users whose accounts are affected will receive individual notifications detailing the relevant deadlines and instructions for account closure. Those who have not received a notification are not required to take any immediate action, although their accounts remain subject to KuCoin’s Terms of Use and applicable restrictions.

The process also highlights an important consideration when cryptocurrency platforms withdraw services from specific markets: ensuring users receive clear instructions and have a means of accessing their assets. In KuCoin’s case, the exchange has stated that safeguarding user assets remains a priority throughout the termination process.

KuCoin has made customer support available to assist users with account-related questions and advised them to rely exclusively on official communication channels for updates and instructions, while remaining vigilant against potential phishing attempts.

The full announcement is available on KuCoin’s official announcement.

AUTHOR

Simeon is a detail-driven editor who sharpens every piece with clarity and precision, ensuring clean, consistent, and professional content throughout.

COINDESK: KuCoin exits Russia and Belarus as crypto exchanges withdraw from Western-sanctioned markets

The exchange cited legal and regulatory compliance in its reason for cutting off services to users based in the two countries, currently the targets of international sanctions.

Cryptocurrency exchange KuCoin announced that it would immediately suspend services for its users in Russia and Belarus, citing legal and regulatory compliance concerns.

In a Thursday notice, KuCoin said it had suspended access to all products and services for users based in Russia and Belarus. According to the exchange, it would offer an “orderly exit process” to allow users to withdraw assets.

“Compliance is at the core of our operations and guides our decisions on where and how we offer our services,” said the exchange in a Thursday X post regarding the service suspension. 

The move comes as many crypto companies are complying with international sanctions led by the United States and Europe against Russia and Belarus over the war in Ukraine. KuCoin is headquartered in the Seychelles. 

Separately, Russia’s central bank on Thursday approved the National Association of Securities Market Participants, commonly known as NAUFOR, as a self-regulatory body for crypto exchanges and custodians. The central bank’s registry currently includes 23 crypto exchanges and eight digital custody institutions, with registered entities required to join a self-regulatory organization within 90 days.

Subscribe to daily byte-sized crypto news from Cointelegraph Subscribe Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

RussiaBelarusKuCoinCryptocurrency ExchangeIndustry

More on the subject

1

Hello Zcash Community,

We hear you: ZCG gets more ZEC than it needs. Its 8% of every block now brings in far more than it can spend well.

So here’s what we’d like to do about it: cut our own funding, give back what we don’t need, and put it toward future block rewards instead. ZEC in the NSM is out of circulation, and it’s paid to miners slowly, over decades. ZCG is exploring a proposal to do it, and we wanted to share the idea before we write it up in full.

In all, about 98,000 ZEC goes from ZCG to future block rewards.

The Idea : Same 20%, security that doesn’t run out
Every four years, the block reward that pays miners to secure Zcash is cut in half. One day it will be close to nothing, and Zcash will still need to be secure. We think Zcash should start saving for that day now.

Keep the 20% at 20%. Taper the grants. Fill the NSM.

Why Not Send It All to the NSM Now? : The reserve has to last
Other drafts send the Dev Fund to the NSM straight away, but only until the 2028 halving. That fills the reserve fast, then it drains, leaving 20,000–49,000 ZEC by 2040.

The taper fills it more slowly, but keeps going. With ZCG’s donation, it keeps filling the reserve to 2032 and leaves over 200,000 ZEC still in reserve for miners in 2040.

Better for Miners : When it matters most
The 2028 halving is harder: miners earn about 20% less in 2029 and 2030, and a little less in 2031–32. After that, every halving is softer, and from 2033 miners earn more than current law every year: about 10% more in 2033, 30% more in 2037 and around 50% more in 2041. That’s right when the block reward is smallest and security matters most.

Summary : What changes, and what doesn’t
What changes

What doesn’t change

What’s Next
This is a first look, not the final proposal. We’re writing up the full version with all the details: the numbers, the consensus changes and the trade-offs. Then the community decides, through Zcash’s usual governance process.

Until then, tell us what you think

0
voters

Thanks,

Zcash Community Grants Committee (ZCG)

8 Likes

I like this proposal.

1 Like

Lets loot at a slightly lower rate

It is obvious ZCG/ZCAP has no idea what the issue is. 90%+ of coinholders hate how money is being spent (for instance, at sex conferences with actual sex workers selling themselves while representing Zcash). This bled over into holders realizing ZCG/ZCAP don’t care what coinholders think.

The issue: there can be no taxation without representation. ZCAP is an insular group. You spent 100s of millions in todays dollars on ZSAs which the community voted down by 90% and then kept spending money on it. You elect yourselves to spend money on yourselves with block rewards. It’s a parasitical system and this flaw is deeply immoral when trying to sell Zcash as money.

Maxime has done an outstanding job at documenting how much looting and self serving ZCAP is.

We don’t want you to loot the coffers less, we want to end the block subsidy going to a parasitical group so that Zcash can be sold as fair money.

The original post does nothing to alleviate our concerns - there can be no taxation without representation in a fair money system.

1 Like

This proposal is infuriating.

Not only does it conveniently extend ZCG’s mandate until 2032, it also does not solve the actual issues at hand.

ZCG allocated a $455K grant to ZSAs using coinholder money, after coinholders voted at 98.6% against ZSAs. This is unacceptable.

Our money is, as we speak, actively being deployed against our own interests. Coinholders are paying for these grants, are paying for the salaries of ZCG committee members, and are the end users. They should be in control.

“It is hard to imagine a more stupid or more dangerous way of making decisions than by putting those decisions in the hands of people who pay no price for being wrong.” — Thomas Sowell

The reality is that no committee, whether elected by ZCAP or coinholders, can prosper. Committees never work. ZCG is akin to central planning in communist regimes, it cannot work.

The only acceptable solution is to completely abolish ZCG. Let the free market handle it.

4 Likes

Wait!? ZCG can cut it’s own funding?

1 Like

Mind bringing up a proposal that’s NOT either ZSA or ZECsy? ZSAs were a mandate for nearly 4 years, and it was merely being extended. Even then, why only these two?

4 Likes

They can voluntarily decide to hold or redirect it, which is part of why I want them to become a fiat trust instead, governed by a legally binding document.

1 Like

(Image description: Cypherpunk, which Maxime Desalle has a relation to, uses committees extensively, including an Audit Committee, a Nominating Committee, and most ironically, a Corporate Governance Committee)

Why don’t you talk to Tyler at Winklevoss about how you feel about committees?

1 Like

thowar2

9

This proposal completely fails to address the concerns of the community:

The unaccountability of ZCG and ZCAP when it comes to spending Coinholder inflated funds
The dangers of adversaries being able to take over the funds via ZCAP
Any justification for what ZCG could use such a still large amount of money for

Completely missed the mark.

5 Likes

But then you can also argue that the sum is only large because of the current ZEC hype cycle. When ZEC was $200 just a couple months back, nobody had any concerns.

But yes, the core issue is accountability, which is only solved by radical restructuring.

i like this idea. still need to think more about it and I would love to see the complete proposal so i can better evaluate it, but this is a good direction that addresses part of the concerns, while keeping the program running. seems like a good middle-ground settlement to stop the ongoing governance wars (which is escalating too quickly in a negative way), but I’m yet to make my mind on that with certainty.

can you please provide the source for this data? where did you take the “90%+” from?

i’ve started seeing claims like this one with an increased frequency, and this is concerning.

this is concerning because it’s obvious entitlement of other people’s money. very similar to socialist/communist regimes often criticized in the same posts where these claims have landed. for example:

ZCG’s money is nobody’s but ZCG’s money. it’s allocated under a well-documented, governance-approved system, inherent part of zcash’s protocol.

if you don’t like the current state of zcash’s protocol and want to change it: FINE!

i believe we should always keep the culture and ethos of improving ZEC in different ways – governance included.

but as it’s today, this money clearly belongs to ZCG.

it’s “our money” as much as a miner’s reward is “our money”. it isn’t.

miner’s block rewards belong to the miner who produced the blog, per the protocol.

ZCG’s allocation from the block rewards belong to ZCG, per the protocol, following the same logic.

please, stop calling other people’s money yours. this is the wrong way of campaigning for what you believe is an improvement in zcash governance. it also makes the whole argument look weak, as it seems based in this false premise of entitlement to other people’s money.

EDIT: removed my last question because i found the answer to it later.

3 Likes

But they aren’t. Miners are, and this was decided by consensus in ZIP 1016, and they will be continue to be paid until 2028. Coinholders never raised concerns against it, neither did they raise concerns in this community. All pushback was about ZCG’s structure, not ZIP 1015/1016 itself. All of this pushback is largely corporate, so centered that I can name everyone involved in less than a page.

Unless… the “coinholders” are actually miners? So your proposal is to redirect money to just… miners?

When Sowell said that, he was referring to the bureaucrats and administrators in the American system, and the full quote ends with

“Know-it-alls in the school system do not lose one dime or one hour’s sleep if their bright ideas turn out to be all wrong, or even disastrous, for the child.”

He was talking about decisions that impact others, but in this case, the money is already earmarked by coinholders for the purpose, so it is not impacting anyone.

Other than miners, that is.

3 Likes

Maxime isn’t getting money from block rewards that makes it much harder for me to onboard bitcoiners. ZCAP/ZCG does.

The committees at Winklevoss capital use their money, not mine. Do you see how this works?

can you please provide the source for this data? where did you take the “90%+” from

The 98% no funding vote on ZSAs vs ZCAP/ZCG funding them anyways. It is likely higher than 90% (that block rewards with no representation of holders should be funding active sex workers at sex parties) but I was being generous to your side.

1 Like

Samriddha

14

‘Free market’… I am sure you want it to happen for the sake of the free market, and not for your employers who stand to make what—like tens of millions MORE a year if ZCG goes down

True, which is, again, why I advocate for cessation and restructuring, not dissolution. But even then, a true Bitcoin maximalist would never use a coin, no offense intended, who did a founders reward program at any point. What sort of maximalists are you talking to?

These committees are a legal requirement in a public company.

And I wonder why the US Securities and Exchange Commission would feel fit to, require, in your words, “[something that] never works”. Hmm… a question for the ages…

And if they are so bad, why go public?

artkor

18

Dear Maxim, I wrote about this on Twitter, but I’ll repeat that the question in the Protocol Feature Sentiment Poll for NU7 (the results of which were explicitly described as advisory and non-binding on their own, though I personally consider it the most important voting option) was: “What is your general sentiment toward including Zcash Shielded Assets (ZSAs) as a protocol feature?”

This was not a vote on whether to halt all work on ZSA. Therefore, ZCG sought available options to preserve the work already done until the community could decide what to do with it next. There were certain loose ends that needed to be tied up; otherwise, we risked losing the value of the work already funded.

4 Likes

This. They are reiterating the same 2,3 grants while ignoring the hundreds of others. Not to mention ZSAs were and still are supported by core protocol developers including those funded by Winklevii.

The same Winklevosses that said, and I quote, “we must end the USAID of Zcash”

do you mean the 98% of the 7.25% turnout from all ZEC in circulation?

and that was a well-documented sentiment polling, not a binding decision, especially because of how low the turnout is?

(fwiw, it’s a fairly reasonable turnout against the shielded supply (~24.5%), but i would argue it’s far from being able to represent the sentiment of all zec coinholders with accuracy as something conclusive).

3 Likes

Yesterday, Fed left the federal funds rate unchanged despite inflation risks. During the press conference, Fed Chair Warsh said that the move was not influenced by upcoming midterm elections.

Anyway, traders believe that Fed will be forced to raise rates in December due to high oil prices and strong economy. Accoring to FedWatch Tool, the probability of a rate hike at the next meeting is 79.6%. At this point, the market believes that Fed will also raise rates in March 2027.

Interestingly, Treasury yields moved lower despite worries about potential rate hikes from the Fed. The yield of 2-year Treasuries declined towards the 4.66% level, while the yield of 10-year Treasuries pulled back below the psychologically important 5.00% level. I’d note that falling Treasury yields did not provide support to gold markets in today’s trading session.

U.S. dollar pulled back against a broad basket of currencies as forex traders focused on falling Treasury yields. Weaker dollar is bullish for dollar-denominated commodities as it makes them cheaper for buyers who have other currencies. However, dollar’s pullback did not provide support to gold as traders focused on longer-term Fed policy outlook.

Today, traders also focused on ECB Interest Rate Decision. The European Central Bank left the interest rate unchanged, in line with analyst expectations. ECB also signaled that it could raise rates at the next meeting in December.

Currently, gold is trying to settle below the support level at $4000 – $4020. In case this attempt is successful, gold will head towards the next support, which is located in the $3890 – $3910 range. RSI is in the moderate territory, so there is plenty of room to gain momentum in case the right catalysts emerge.

GE Vernova NYSE: GEV gave investors plenty to like in its third-quarter report, released before the open on Wednesday, Oct. 28.

GE Vernova Today

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$530.16▼

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Revenue climbed 27% to $12.6 billion, comfortably ahead of the roughly $12 billion analysts expected, and earnings of $4.81 per share beat the $4.03 consensus. Orders nearly doubled on an organic basis to $29.3 billion, while total backlog grew by $20 billion in a single quarter to $197 billion.

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Management also raised its 2026 outlook for revenue, margins, and free cash flow, and doubled its share repurchase authorization to $20 billion.

Still, the stock slid as much as 6.6% intraday before closing down about 2% for the day, leaving it 27% below its 52-week high.

That reaction says a lot. With AI infrastructure stocks under pressure, a bigger backlog alone no longer impresses the market. The more important question is what that backlog is actually made of, and how much of it is turning into firm business.

Reservations Are Becoming Firm OrdersGE Vernova reports its gas turbine commitments in gigawatts, split into two buckets. Firm backlog consists of signed equipment orders. Slot reservation agreements hold a customer’s place in the production line, but they aren’t orders yet.

As of June 30, the company had 53 GW of firm backlog and 63 GW of slot reservations. In the third quarter, it converted 13 GW of reservations into firm orders, up from 10 GW the prior quarter, while shipping 5 GW of equipment. That pushed firm backlog up to 64 GW and brought reservations down to 58 GW, for 122 GW under contract in total.

Notably, that’s the shift management pointed to last quarter, with firm orders now outweighing reservations. The company also raised its year-end goal to at least 130 GW under contract, up from 125 GW.

Production Is Keeping PaceOf course, converting reservations only matters if GE Vernova can actually build the turbines. The company planned to reach 20 GW of annual gas turbine output in the third quarter, and shipping 5 GW that quarter is consistent with that pace. At that rate, today’s 64 GW of firm backlog equals more than three years of production, with output targeted to climb to 24 GW in 2028 and 30 GW in 2030.

Pricing, Margins, Electrification, and WindPricing continues to do a lot of the heavy lifting. Power orders soared 178% organically to $21.8 billion, driven by higher volume and price, and the segment’s EBITDA margin widened 800 basis points to 21.4%. Management raised its full-year Power margin outlook to 19%-21%, up from 17%-19%.

Electrification was more mixed. Orders fell 9% organically to $5.4 billion, though that comparison was skewed by large synchronous condenser orders a year earlier, and the book-to-bill ratio was about 1.4. Revenue jumped 51% to $3.9 billion, equipment backlog reached $42.2 billion, and the company agreed to buy grid equipment maker Trench Group for $9 billion.

Wind remains the weak link, even after an improved quarter. The segment turned a small EBITDA profit of $72 million in Q3. Still, management now expects full-year segment losses of $400 million to $500 million, wider than the roughly $400 million it previously guided to.

The Bull Case Against Peak MomentumFor the bulls, the story is that conversion is speeding up. More reservations are becoming firm orders, margins are expanding, free cash flow guidance jumped to $16 billion to $17 billion, and management expects backlog to top $200 billion in the fourth quarter. Analysts remain constructive too, with a Moderate Buy consensus and an average price target of $1,164.87, implying about 33% upside.

The more cautious view centers on new business. GE Vernova signed 11 GW of new gas contracts in the quarter, down sharply from 20 GW in the second quarter, with new slot reservations falling to 8 GW from 18 GW. In July, a Barclays analyst, in a downgrade of rival Siemens Energy OTCMKTS: SMEGF, said peak orders, peak free cash flow, and peak supply tightness could all arrive together in 2026. A slowdown in new signings is arguably exactly what that view would be watching for.

Firmer Backlog, Slower SigningsOverall, the quarter showed GE Vernova’s backlog improving in quality, even as the pace of new signings cooled. More commitments are now firm orders, and production appears to be keeping pace. Whether that’s enough to win back the market, or whether investors stay focused on slowing reservations, could go a long way in shaping the stock’s next move.

GE Vernova Inc. (GEV) Price Chart for Thursday, October, 29, 2026

From a technical perspective, for bullish momentum to return, the stock will first need to reclaim its 200-day simple moving average (SMA) near $950. Until then, momentum appears to favor the bears.

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TLDR Ethena Pay launched Earn+, a vault that loops USDe and USDT at about 11 times leverage and advertises up to 12% APY. The USDe price feed used on Aave follows USDT, so it may not detect a USDe-only drop in value. At 11x leverage, a 2% USDe discount would erase 22% of a user’s starting equity, before costs. A 1% rise in USDT borrowing costs would cut simple yearly returns on equity by about 10%. Withdrawals can be requested anytime and are processed within 24 hours, though Ethena Pay warns they can take longer. Ethena Pay has launched a new yield product called Earn+. It advertises returns of up to 12% APY, but its design carries risks that may not show up in reported numbers.

The product was announced on Oct. 28. It uses USDe as collateral and borrows USDT against it, aiming for about 11 times leverage.

Earn+ is run by Upshift and Steakhouse through Aave v4 on Avalanche. Ethena Pay provides the app that users see.

The Price Feed Follows a Different Token Lending platforms use price feeds, called oracles, to value collateral and debt. Aave uses these prices to measure how close a position is to being liquidated.

In an Oct. 20 technical review, Aave Labs said the USDe price feed on Avalanche follows USDT. It noted that this setup would miss a drop in USDe’s price that does not affect USDT.

The feed uses a Chainlink USDT/USD price with a $1.04 upper cap. If USDe slips while USDT holds steady, the vault could look healthy while users lose real value.

LlamaRisk, in a recommendation amended Oct. 19, proposed a 93% collateral factor for USDe. The exact vault account, its current balances, and its live oracle setup have not been verified.

CryptoSlate modeled a hypothetical position at 11 times leverage. In that example, $100 of equity supports 1,100 USDe against 1,000 USDT of debt.

If USDe falls to $0.99, equity drops 11%. At $0.98, the loss is 22%, and at $0.95, it reaches 55%, before fees and costs.

Borrowing Costs and Withdrawals Because debt equals ten times the starting equity, borrowing costs matter. A 1% increase in the yearly USDT borrow rate would cut simple annual return on equity by about 10%.

Interest also adds to debt over time, which can lower a position’s health. Aave Labs noted that plain USDe does not earn yield on its own, unlike staked sUSDe.

Ethena Pay waives its own entry and exit fees. However, Upshift’s documents allow for management fees, performance fees, and a fee for instant redemption. A fee schedule specific to Earn+ has not been confirmed.

Upshift’s risk rules let an owner multisig pause withdrawals and trigger emergency withdrawals. Its redemption system includes a standard batch queue and an instant option funded by a cash buffer.

Ethena caps total Earn+ deposits at $4.5 million. Individual limits are $20,000 for Standard users, $50,000 for Pro, and $200,000 for VIP.

Ethena Pay as a whole holds more than $8 million in USDe and has about 1,400 active users. The app is live in 47 countries, with the US, EU, and UK listed as coming soon.

Ethena Pay says withdrawal requests have no lock-up and are processed within 24 hours. Its FAQ warns that some withdrawals can take longer.

Chainlink 24/7 blends extended-hours data with perpetual futures quotes so tokenized assets keep a live price when Wall Street goes home

Wall Street takes weekends off. Blockchains do not, and that mismatch has been an awkward problem for anyone putting stocks onchain.

Oracle provider Chainlink is now trying to fix it. The company is rolling out Chainlink 24/7, a service that keeps pricing stocks, commodities and other traditional assets through weekends and holidays. Decentralized lender Aave is signed on as the launch partner.

How Chainlink 24/7 fills the weekend gap Start with what an oracle does. Blockchains cannot see the outside world, so oracles act as couriers that deliver outside data, like a share price, to smart contracts.

Chainlink’s answer is to stitch together several sources into one continuous price. During the week, the service uses data from regular trading hours plus extended sessions. Chainlink’s existing 24/5 coverage already includes pre-market, post-market and overnight trading.

When traditional markets shut down entirely, the service switches to aggregated quotes from perpetual futures venues. Perpetual futures are derivatives with no expiry date, and they trade around the clock on crypto-native exchanges.

The data is delivered through Chainlink’s Data Feeds and Data Streams products. According to the research shared with the announcement, the service removes the need for protocols to manually juggle and adjust multiple separate feeds. For developers, that means one integration instead of a patchwork, and fewer places for something to break.

Why Aave cares about Saturday prices Aave is the largest DeFi lending protocol by total value locked. Its interest here is practical rather than philosophical.

Aave plans to use the Chainlink 24/7 Data Feeds on Horizon, its institutional lending platform. The goal is continuous valuation of tokenized real-world asset collateral, beginning with high-volume US equities.

Here is why that matters. Lending protocols constantly check whether a borrower’s collateral still covers their loan. If the collateral is a tokenized stock and its price freezes from Friday night until Monday morning, the protocol is effectively flying blind for the weekend.

The partnership also extends an existing relationship. Aave had already adopted pieces of Chainlink’s infrastructure, including its 24/5 streams. Adding weekend coverage is the logical next step, not a leap.

Building on the 24/5 rollout Chainlink’s 24/5 US Equities Streams arrived in 2026. Since January 2026, that coverage has supported pricing for over $1.6 billion in tokenized assets across six blockchain networks.

The roster of users is not a list of hobby projects. Ondo, xStocks, Robinhood and Coinbase are among the names working with Chainlink on tokenized stock pricing. That mix spans crypto-native issuers and some of the biggest retail brokerage and exchange brands in the US.

The 24/5 product already pushed coverage well past the traditional trading day. The last remaining hole was the weekend, plus holidays. Chainlink 24/7 is designed to close it.

What this means for DeFi and tokenized assets The most direct beneficiaries are lending protocols like Aave that want to accept tokenized stocks as collateral. A continuous price feed makes it easier to set loan terms, monitor positions and manage liquidation risk without arbitrary weekend blackouts.

For institutions, the pitch is about plumbing. Horizon is aimed at institutional users, and those users tend to care a lot about risk controls before they commit capital. A feed that gives a defensible price at 2 a.m. on a Sunday removes one more objection from the list.

There are open questions worth watching. The weekend price relies on perpetual futures venues, which are a different market from the stock exchange itself. How closely those futures quotes track where a stock actually opens on Monday will determine how much protocols trust the weekend number.

Another thing to track is how quickly Horizon expands beyond its initial set of high-volume US equities. Starting with heavily traded names makes sense, since those are likely to have the deepest futures markets behind them.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.

4 hours ago

Chainlink announced the launch of Chainlink 24/7, a service that delivers round-the-clock market data for traditional assets such as stocks and commodities to on-chain markets, covering weekends and holidays to fill the pricing gap for US equities between Friday evening and Sunday evening, as well as on non-trading days. The service is delivered via Chainlink Data Feeds and Data Streams: during trading hours, it leverages existing 24/5 session data, while after traditional markets close, it aggregates quotes from multiple perpetual contract platforms to form a single continuous price reference. Official launch partner Aave is utilizing the 24/7 Data Feeds for its institutional lending platform Horizon to provide round-the-clock pricing for tokenized real-world asset (RWA) collateral, with initial coverage of high-volume US stocks. Chainlink noted that its 24/5 offering already provides delayed pricing for nearly half of tokenized stocks, supporting the pricing of over $1.6 billion in tokenized stocks across six blockchains for projects including Ondo, xStocks, Robinhood, and Coinbase.

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Chainlink has launched Chainlink 24/7 for continuous pricing of tokenized real-world assets, naming Aave as an adopter, as it brings equities and commodities data through weekends and market holidays.

Summary

Chainlink 24/7 covers equities, commodities and other real-world assets across trading sessions, weekends and holidays.
Aave is adopting the service for institutional lending backed by tokenized real-world assets.
Prediction markets, perpetual futures and collateral management are among the applications named in the announcement.
The CFTC has scheduled a Dec. 15 roundtable examining continuous trading across derivatives markets.

Chainlink announced the service at Link:NYC on Oct. 29, saying it delivers market data across trading sessions and periods when traditional exchanges are closed. In its announcement, the oracle provider identified institutional lending, prediction markets and perpetual futures as uses for the new pricing service.

Aave is adopting the product to bring always-on pricing to institutional lending backed by real-world assets, according to the announcement. Chainlink did not name a specific Aave market, list the assets covered by that integration, or provide a deployment schedule in the post.

Chainlink 24/7 adds weekend and holiday coverage
In describing its trading applications, Chainlink said the service supports prediction markets and perpetual futures with continuous trading and settlement. The company presented collateral management as another application, saying lending protocols can use the data while traditional markets are closed.

“Global markets. No closing bell,” Chainlink wrote in the announcement.

The launch follows the company’s January introduction of 24/5 U.S. Equities Streams. Its Jan. 20 announcement described a product covering regular trading, premarket, postmarket, and overnight sessions, with availability across more than 40 blockchains.

For that earlier product, Chainlink listed information beyond a single reference price, including bid and ask prices, trading volumes, the last traded price, market-status flags and a staleness indicator. The company said developers could use those fields for execution logic and risk controls.

In January, the company identified synthetic equities, structured products and vaults as further applications for its U.S. equities streams, alongside lending and derivatives.

Named users of the January offering included Lighter, BitMEX, ApeX and Orderly Network. Chainlink’s announcement tied their adoption to equity derivatives and other onchain markets operating beyond standard U.S. stock-market hours.

Chainlink documentation identifies risks outside regular sessions
Chainlink’s existing tokenized-equity documentation describes its 24/5 feeds as calculated primary-market valuations that can incorporate issuer-specific adjustments, including dividends and corporate actions. The documentation distinguishes the tokenized instrument from the underlying share or exchange-traded fund.

Its technical guidance says extended-hours and overnight trading can involve fewer data providers and thinner liquidity. Chainlink identifies wider bid-ask spreads, less frequent price updates, and larger moves on individual trades as characteristics of those sessions.

During overnight sessions, the documented 24/5 methodology uses an exponential moving average to smooth prices. Chainlink says smoothing can filter temporary price disturbances, while warning that the reported value can lag during rapid market moves.

The documentation says regular trading hours provide the deepest liquidity and the main venue for price discovery. Chainlink describes overnight trading as a thinner market with fewer contributing venues, and recommends testing session-specific controls before deployment.

For developers using those feeds, the guidance recommends checks for stale data, bounds on acceptable values, and defined fallback behavior. It advises protocols to assess whether a particular feed’s behavior suits the borrowing, trading, or liquidation functions they intend to support.

Aave and stock-token lenders already use RWA collateral
Aave outlined another institutional lending initiative on Sep. 16, announcing an Avalanche RWA hub where eligible institutions would borrow USA₮ against tokenized financial assets. The planned market would use Aave V4 and set collateral rules for individual assets.

At the time of that announcement, Aave had not disclosed the initial collateral list or a launch date. Its proposed asset categories included tokenized government debt, money market funds and private credit, subject to governance and risk reviews.

Chainlink’s stock-token work predates the latest launch. As crypto.news previously reported, its Aug. 26 introduction of feeds for Coinbase tokenized stocks covered Nvidia, Meta, Apple and Alphabet tokens on Base.

The feeds supported valuations for NVDAc, METAc, AAPLc and GOOGLc, including calculations that accounted for changes in the amount of underlying equity represented by a token. Coinbase’s offering terms restricted those products to eligible non-U.S. investors.

On Oct. 22, Robinhood confirmed that eligible Stock Token holders could borrow stablecoins through Morpho using their tokens as collateral. Robinhood’s published documentation described Chainlink stock-price feeds that update 24/5, even though onchain token trading can continue outside tokenization hours.

Robinhood’s product restrictions excluded U.S. persons from Stock Tokens. Its documentation described separate schedules for pricing, token trading and tokenization, with the underlying shares remaining subject to traditional market sessions.

CFTC schedules December discussion on 24/7 derivatives
In the United States, the Commodity Futures Trading Commission announced on Oct. 28 that it will hold a Dec. 15 industry roundtable on the viability of continuous derivatives trading. The agency said the discussion would build on its earlier request for public comment.

The CFTC listed overnight trading, tokenization, staffing, infrastructure and operational readiness among the subjects for discussion. Its announcement described an industry consultation covering different asset classes, with market integrity and resilience among the stated considerations.

Chairman Mike Selig said the agency would not take “a one-size-fits-all approach to 24/7 trading,” according to the release.

The roundtable will take place at CFTC headquarters in Washington and will be open to the public and livestreamed. The agency said the agenda, speakers, and registration details would be published later, with in-person attendance potentially limited.

On October 29, 2026, Chainlink launched Chainlink 24/7, extending its real-world asset pricing to weekends and holidays. The company says Aave is using the Data Feeds version in Horizon, its institutional lending platform, starting with high-volume U.S. equities used as collateral.

The new reference combines prices from traditional trading sessions with quotes from perpetual futures venues when those markets close. The weekend price is a derivatives-market reference linked to the underlying asset. Chainlink says it is not a live quote from the closed traditional exchange. Lending markets would use this derivatives reference to value eligible collateral while the underlying exchange is closed.

What replaces the weekend freeze Chainlink’s earlier weekday service covered pre-market, regular, post-market and overnight trading. Its launch announcement identifies the remaining gap as running from 8 p.m. ET Friday to 8 p.m. ET Sunday, plus market holidays. Applications previously had to pause, retain the last available price or construct their own off-hours methodology and switching logic.

During active sessions, the new service draws on existing Chainlink 24/5 data. Once the traditional market closes, it aggregates quotes from multiple perpetual venues, filters stale inputs and limits the influence of outliers. Chainlink says supported assets must meet its requirements for market coverage, liquidity and pricing consistency. The announcement does not name the contributing perpetual venues or publish their weights.

Chainlink calls its method for moving between these inputs session-aware stitching. The company says this builds on the blending engine used for its tokenized equity pricing, maintaining continuity while preserving immediate price discovery at the regular-session opening bell. Developers receive a continuous reference per supported asset instead of assembling the session-selection layer themselves.

The existing weekday equities guide shows the integration work this replaces. Instruments have separate regular, extended and overnight streams, and users must switch between them according to the reported market status. The guide also requires custom handling for unknown status and closures. That documentation describes the older session-specific streams, not a requirement to rebuild the new unified reference.

Delivery depends on the application. Data Feeds publish prices onchain for lending contracts to read. Data Streams allow perpetual exchanges and prediction markets to retrieve low-latency reports offchain. The public Data Streams documentation describes signed reports available through SDKs, REST and WebSocket interfaces, with onchain verification in the transaction that consumes them.

Chainlink also identifies short-duration prediction markets as a use case. Its announcement proposes time-weighted average pricing as the reference for resolving asset-price outcomes and helping prevent price manipulation.

What changes for collateral valuation According to Chainlink, Horizon is using the feeds to price tokenized real-world assets pledged as collateral, beginning with high-volume U.S. equities. The announcement identifies that starting asset class but does not enumerate the tokens, publish Horizon’s new feed addresses or specify collateral-factor changes. The scope of adoption across Aave equity markets is unspecified.

Chainlink says the continuously updated valuation is designed for liquidations, allowing lending risk parameters to operate beyond traditional market hours. For positions using the new feeds, collateral valuation can respond to off-hours derivatives trading instead of waiting for the underlying exchange to reopen. The announcement does not provide a new borrowing limit or liquidation threshold for those positions.

Streams also carry market-session information and bid and ask prices during open sessions. Chainlink says applications can use that context to adapt risk settings as conditions change. The session information lets an operator distinguish active exchange pricing from the off-hours component when deciding which risk settings to apply.

The public weekday guide separates market status from freshness. Status determines which session is active, while timestamps describe when data was recorded. Its mid-price timestamp applies only to the mid price, not to bid and ask prices or their volumes. Those fields may have different update times, so a fresh mid-price timestamp cannot establish freshness for the entire report. The guide also says bid and ask volumes represent one order book at a time, not combined liquidity across equity venues. Operators should not treat them as a measure of total market depth.

The same guide warns that extended and overnight weekday streams currently rely on a single data provider, unlike multi-sourced regular-hours prices. It describes cases where a technically fresh report can contain an incorrect mid price produced by an outlier quote. The documented safeguards include spread checks, value bounds and price-deviation checks, alongside staleness monitoring. Those are limitations of the existing weekday inputs, distinct from the launch’s multi-venue off-hours methodology.

The weekday guide directs operators to monitor exchange notifications for trading halts, which are not reflected in the market-status field. It also warns that corporate actions can interrupt symbol-specific overnight data without changing that status. Continuous delivery still requires application-level decisions about when a reported price is safe to use for a trade or liquidation.

The feed methodology remains asset-specific Chainlink already publishes extended-hours feed documentation covering precious metals and forex. Each asset class has a separate methodology and risk profile, the documentation warns. The new announcement’s perpetual-based description should not be read as a replacement specification for every feed carrying a round-the-clock label.

The documented metals approach uses spot prices during open market hours. During closures, it starts from the last observed spot price and adjusts it with a blended signal from tokenized precious-metals streams. The forex documentation describes crypto-derived exchange rates and warns that they measure a different market from official, interbank or institutional references. Such rates can diverge materially from the prices available through banking channels.

Chainlink’s launch post leaves the supported-asset roster, perpetual-venue weights and Horizon feed addresses unspecified. Teams seeking to integrate the new service are directed to contact Chainlink.

Gold (XAU/USD) remains under pressure near $4,000, as stronger-than-expected United States (US) economic data reinforce expectations of another Federal Reserve (Fed) interest rate hike in December. Economic growth is accelerating, inflation remains elevated, and borrowing costs could rise further.

Key Takeaways UDR's preliminary Q3 results show 1.8% same-store revenue growth, 1.6% NOI growth and 96.5% occupancy.Blended lease rate growth of 2% and contained expense growth of 2.2% supported preliminary Q3 performance.UDR raised its 2026 adjusted FFO guidance to $2.54-$2.56 per share and NOI growth outlook to 0.8%-1.2%.
UDR Inc. (UDR - Free Report) , a premier multifamily real estate investment trust (REIT), is set to announce its third-quarter 2026 results after the closing bell on Nov. 2. Its quarterly results are likely to reflect a dip in revenues and funds from operations (FFO) per share.

In the last reported quarter, this Denver, CO-based residential REIT came up with an FFO as adjusted per share of 64 cents, surpassing the Zacks Consensus Estimate of 63 cents. The quarter benefited from stronger leasing, steady occupancy and better-than-expected same-store results.

In the last four quarters, UDR’s FFO as adjusted per share met the Zacks Consensus Estimate on two occasions and surpassed it twice, the average surprise being 1.19%. The graph below depicts the surprise history of the company:

As we approach the release of UDR's third-quarter 2026 earnings report, it is important to examine how this residential REIT is likely to have performed amid the current market conditions.

US Apartment Market in Q3The U.S. multifamily residential market continues to recover, supported by strong rental demand, declining supply and improving occupancy. According to Cushman & Wakefield’s third-quarter 2026 report, national multifamily vacancy declined 30 basis points sequentially to 8.6%, its lowest level in three years. Net absorption reached nearly 350,000 units during the first nine months of 2026, up 14% year over year, reflecting resilient renter demand.

Meanwhile, new apartment deliveries declined 25% year over year to approximately 250,000 units, while the construction pipeline fell to its lowest level since 2015. Annual asking rent growth accelerated to 2.3% in the third quarter from 1.1% in the first quarter, with average monthly rents reaching $1,950. High financing costs are slowing new developments, supporting a gradual recovery across Sunbelt markets.

Factors to Consider Ahead of UDR’s Upcoming ResultsUDR enters its third-quarter 2026 earnings release with operating trends largely on track. Preliminary results indicate same-store revenue growth of 1.8% and net operating income (NOI) growth of 1.6%, supported by blended lease rate growth of 2% and occupancy of 96.5%. Same-store expense growth remained contained at 2.2%, reflecting continued operating efficiencies and cost controls.

Coastal markets are expected to remain the primary growth drivers, with San Francisco and New York benefiting from strong rental demand and limited new supply. Healthy renewal pricing and lower resident turnover should continue to support occupancy and aid cash flow. However, supply-related pricing pressure across Sunbelt markets, particularly Nashville and Florida, could constrain rental growth despite signs of improvement.

For earnings, UDR expects third-quarter adjusted FFO of 65 cents per share at the high end of its previous guidance of 63-65 cents, up from 64 cents in the preceding quarter. On Oct. 21, 2026, management also raised its full-year adjusted FFO outlook to $2.54-$2.56 per share from previously guided $2.49-$2.57 and increased its same-store NOI growth guidance to 0.8%-1.2% from the previously guided range of flat to 1.25% growth.

Projections for UDRWe expect UDR’s occupancy to be 96.5%, a 10-basis-point sequential decline. We estimate same-store revenues to grow 1% year over year for the third quarter.

The Zacks Consensus Estimate for quarterly revenues is currently pegged at $427.47 million. This indicates a marginal year-over-year fall.

Before the third-quarter earnings release, the company’s activities were inadequate to gain analysts’ confidence. The Zacks Consensus Estimate for quarterly FFO, adjusted per share, has remained unrevised at 64 cents over the past three months, suggesting a 1.54% year-over-year decrease.

Here Is What Our Quantitative Model Predicts for UDROur proven model does not conclusively predict a surprise in terms of core FFO per share for UDR this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.

UDR currently carries a Zacks Rank of 3 and has an Earnings ESP of -0.52%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

Stocks That Warrant a LookHere are two stocks from the broader REIT sector, Innovative Industrial Properties (IIPR - Free Report) and Summit Hotel Properties (INN - Free Report) , which you may want to consider, as our model shows that these have the right combination of elements to report an FFO beat this quarter.

Innovative Industrial Properties is slated to report quarterly numbers on Nov. 2. IIPR has an Earnings ESP of +1.64% and carries a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Summit Hotel Properties is slated to report quarterly numbers on Nov. 3. INN has an Earnings ESP of +0.96% and a Zacks Rank of 2 at present.

Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.

Michael Burry, the investor made famous by "The Big Short," has added one of retail’s most dismissed names to his portfolio.

In a Thursday morning post on his Substack, Cassandra Unchained, Burry said he rates Build-A-Bear Workshop Inc. (NYSE:BBW) a full 6% position in the low-to-mid $20s. He called the stock a "fat pitch" on valuation at $25.

Burry argued a buyout at 10x EBITDA would put the stock around $60 to $65 per share. Shares trade near $25, down from a closing high of $75.85 in September 2025.

BBW stock is climbing. See the chart and price action here. Cheap by Almost Any MeasureBuild-A-Bear trades at roughly 7x estimated 2026 earnings of about $3.50 per share, according to Burry. The company carries no financial debt, trades below 4x EBITDA and sits at less than 2x tangible book value. Its market cap is under $300 million, against EBITDA of roughly $80 million.

Burry compared the stock with toy wholesalers, which trade at up to 15x earnings despite weaker margins and returns on capital.

He also pointed to Pop Mart International Group Ltd. (HKEX:9992), which sells plush collectibles to adults and trades above 30x earnings. Build-A-Bear says teens and adults now make up 40% of its buyers.

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A Different Company Burry described a business rebuilt over more than a decade. In 2012, about 20% of stores lost money and 85% sat in traditional malls.

Management shortened leases, moved into tourist sites and small "concourse" stores, and signed partners such as Carnival Corp. (NYSE:CCL) and Landry’s, which pay for their own buildouts.

By 2021, at least 97% of North American stores were profitable, according to Burry. Maintenance capital spending now runs under $10 million a year.

Capital returns have been heavy. Buybacks and dividends from 2022 through 2025 total more than half the current market cap, and the share count has fallen 25% from its 2021 peak. Another $40.5 million remains authorized, or roughly 13% of the company at current prices.

The Bear Case Is RealBurry acknowledged the near-term pain. Second-quarter revenue fell 7.2% to $115 million, comparable store sales dropped 9.5% and gross margin slipped 335 basis points. 

Management cut full-year guidance for the second time this year, and the loss of a Walmart Inc. (NYSE:WMT) program erased growth in the commercial segment.

Tariffs on a supply chain concentrated in China and Vietnam have also weighed on results. New CEO Chris Hurt, who took over in June, has not bought shares in the open market, and Burry warned a "kitchen sink" quarter could still be ahead.

Read Next

Sizing the BetBurry said investors already heavy in consumer names should keep the position smaller. His own portfolio holds Deckers Outdoor Corp. (NYSE:DECK), Lululemon athletica inc. (NASDAQ:LULU), Sprouts Farmers Market Inc. (NASDAQ:SFM) and Birkenstock Holding plc (NYSE:BIRK).

He expects a couple more rough quarters from Build-A-Bear. Still, Burry sees parallels to 2000 through 2005, when bombed-out retail stocks turned into some of the market’s best performers.

Short sellers hold 26.68% of the BBW float, according to Benzinga Pro. Good news could move the stock fast.

BBW Stock Price Activity: Build-A-Bear stock was up 8.68% at $27.35 on Thursday, according to Benzinga Pro market data.

Photo: Shutterstock

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Polkadot’s native token DOT dipped below $1 this week, trading at $0.98 at 10:23 UTC on October 29, 2026, based on CoinGecko data. This price marks a steep decline of approximately 98% from its peak of $54.98 in November 2021. Over the last year, DOT has dropped 67.7% and currently holds a market capitalization of $1.68 billion, placing it 56th among major cryptocurrencies.

Persistent Weakness and Recent DevelopmentsAlthough the broader crypto market showed a neutral sentiment according to the Crypto Fear & Greed Index, which read 51 on October 29, analysts have identified DOT’s price weakness as specific to the token. A recent report described DOT as “four times weaker than the field.”

The past twelve months have seen DOT’s price persistently decline, with perpetual contracts on exchanges such as Phemex closing lower for seven consecutive periods. By late October, DOT reached $0.98, its lowest since mid-September, after a brief rally toward $1.27 earlier in the month failed to hold.

Technical indicators reinforce the bearish picture, with DOT trading beneath its 7-day ($1.02), 20-day ($1.11), 50-day ($1.13), and 200-day ($1.04) simple moving averages. Chart analysts often view these averages as resistance until a strong move reverses the trend.

CoinGecko data recorded DOT at $0.9848 on October 29, 2026, with 1.71 billion DOT in circulation out of a maximum capped supply of 2.1 billion, following a significant 53.6% annual issuance reduction.

Issuance Reduction, Stablecoin Launch, and ETF ActivityIn October, Polkadot implemented a sharp cut in its annual token issuance, lowering inflation by 53.6% and capping total supply at 2.1 billion. Around 81% of the supply is already circulating, easing some selling pressure due to reduced token creation. However, analysts suggested that lower supply alone does not drive new demand for DOT.

Polkadot also launched its first native stablecoin, dotUSD, on October 8 via OpenGov Referendum 1944. During the first phase, dotUSD is minted 1:1 against USDT, with a DOT-collateralized version planned for the future. Meanwhile, Asset Hub and Bridge Hub began running runtime 2.5.1, with Asset Hub now holding over 1.7 billion DOT.

Interest from institutional investors has remained limited. The 21Shares Polkadot ETF, which became effective after SEC approval in March 2026 and added staking services through Figment in May, has seen minimal trading. As of October, the ETF held 0.54% of DOT’s circulating supply and recorded only five active trading days since launch.

CoinMarketCap interpreted the ETF’s small share of total supply as an indicator of weak institutional interest in DOT.

For those seeking to actively track Polkadot’s sharp price swings and monitor the effect of ETF activity on DOT’s performance, CryptoAppsy’s real-time charts and coin-specific news can provide timely alerts during periods of heightened volatility. These features offer practical insights as traders evaluate key support and resistance levels for DOT.

Key Price Levels, Future Scenarios, and RisksDOT’s all-time low stands at $0.727, about 26% below the current price. After ending 2025 at $1.789, DOT’s value has fallen 43.54% into late October 2026. Looking ahead, scenario-based projections for year-end 2026 place DOT in a bearish range of $0.73 to $0.90, a base case between $0.90 and $1.15, and a bullish scenario of $1.15 to $1.53. Most external forecasts from sources such as Cryptopolitan and CoinCodex fall within or just above these brackets, while priceprediction.net offers a notably higher target of $5.03.

Risks to these outlooks include ongoing volatility—DOT’s loss of 67.7% in one year illustrates the token’s vulnerability. There is also execution risk regarding the JAM (Join-Accumulate Machine) upgrade, which remains without a confirmed mainnet launch date, pushing potential implementation to 2027 or later. Stablecoin adoption, smart contract dependencies, regulatory shifts, and weak ETF traction may further influence price trends.

The Bit Journal’s assumptions for the bearish scenario anticipate further downside if the upgrade schedule slips and institutional demand remains low. The base case sees DOT trading near its current moving averages, with gradual upside if ecosystem features such as Asset Hub and dotUSD gain traction. The bullish view requires a prompt JAM rollout, a wider dotUSD use backed by DOT collateral, and a meaningful increase in ETF inflows. Even under the most optimistic outlook, DOT remains well below its historical peak.