NVIDIA (NVDA) becomes first company to pass $5 trillion valuation

NVIDIA Hits Historic $5 Trillion Market Capitalization Milestone

This week, NVIDIA made history by becoming the first-ever company to reach a staggering $5 trillion valuation. As one of the most prolific chip makers and designers powering the booming AI market, NVIDIA’s growth continues to soar alongside the expanding artificial intelligence sector. Tech giants are increasingly investing heavily in AI, driving significant demand for NVIDIA’s cutting-edge products.

On Tuesday, the company’s market capitalization hit an impressive $5.07 trillion, marking a landmark moment closely observed across global markets. This milestone was first reported by CNBC and highlights NVIDIA’s rising prominence in the technology landscape.

Recently, NVIDIA announced it had relocated much of its Blackwell AI chip manufacturing to Arizona, United States—a strategic move reflecting its ongoing commitment to innovation and scaling production capacity.

The reasons behind NVIDIA’s soaring valuation are clear. The company has long been at the forefront of AI chip and hardware design, positioning itself as a critical enabler for tech firms pouring millions into AI to gain a competitive edge. Despite facing setbacks, such as being forced to exit the Chinese market due to pressures from both Chinese and U.S. governments, NVIDIA’s value has skyrocketed.

Additionally, strategic collaborations have propelled NVIDIA forward. One notable example is its recent partnership with pharmaceutical company Eli Lilly to build a state-of-the-art supercomputer, underscoring NVIDIA’s expanding role beyond traditional tech sectors.

As NVIDIA continues to innovate and lead in AI technology, its historic $5 trillion valuation cements its status as a powerhouse in the industry, with a promising future ahead.
https://www.shacknews.com/article/146567/nvidia-nvda-5-trillion-valuation

Teradyne surges after Q3, outlook beat estimates driven by AI-related demand

Shares of Teradyne (TER) soared about 18% in premarket trading on Wednesday following the release of its third-quarter results and an upbeat fourth-quarter outlook that exceeded expectations.

The automated test systems and robotics products maker reported a 4% year-over-year increase in third-quarter revenue, reaching $769.21 million.

However, Non-GAAP EPS declined about 5.5% year-over-year to $0.85. Despite the dip in earnings per share, both the company’s revenue performance and forward guidance impressed investors, driving the strong premarket gains.
https://seekingalpha.com/news/4510151-teradyne-surges-after-q3-outlook-beat-estimates-driven-by-ai-related-demand?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news

Pi Coin Surges Over 30% as Bulls React to Major Network Milestone

Pi Network’s native token, Pi Coin, is once again in the spotlight as it extends its impressive recovery streak, surging more than 30% over the past week. The latest upswing follows growing market enthusiasm after reports confirmed that Pi Network has joined the ISO 20022 group, aligning itself with leading compliant digital assets such as Ripple (XRP) and Stellar (XLM).

**Pi Coin Targets Key Breakout Levels**

After rebounding from the $0.19 area last week, Pi Coin continued to climb steadily, reaching above $0.28 in today’s session—its highest level since early September. The move represents an 11% gain in the last 24 hours and signals renewed confidence among traders.

Technical charts show that Pi has successfully broken out of its consolidation range, reclaiming momentum after multiple retests of the $0.23 support zone. This breakout confirms a short-term trend reversal and places the next major resistance around $0.36, where the price was last rejected in August.

A sustained move above this level could open the door toward a broader mid-term rally. Market analyst Devid James commented that the recent upward breakout highlights a strengthening price floor and expanding buying pressure, noting that the bullish structure could remain intact as long as Pi stays above $0.23.

**ISO 20022 Alignment Strengthens Market Confidence**

Beyond price action, Pi Network’s integration with the ISO 20022 standard has been a major catalyst behind its latest rally. The alignment places Pi alongside global financial messaging protocols already adopted by major banks and compliant cryptocurrencies such as XRP and Stellar.

This development enhances Pi Network’s potential for interoperability with traditional financial systems, paving the way for smoother cross-border transfers and improved regulatory compatibility. For investors, the move signals growing maturity and institutional readiness for Pi’s ecosystem.

**Expanding Ecosystem and KYC Progress**

The broader Pi Network ecosystem continues to evolve rapidly. In Q4 2025, the network is expected to implement the long-awaited Protocol 23 upgrade, which will focus on scalability improvements and faster transaction throughput.

Meanwhile, the project’s KYC expansion remains strong. Over 3.36 million additional Pioneers have completed full identity verification under the network’s revised system, while another 4.76 million previously tentative cases are now eligible for full KYC completion. This progress is expected to accelerate mainnet migration and overall ecosystem stability.

**The Road Ahead**

With its price regaining strength and institutional prospects improving, Pi Coin appears to be entering a more defined growth phase. Still, traders will be watching closely for confirmation above $0.36, a key breakout point that could determine whether Pi’s current momentum evolves into a full-fledged rally.

*The information provided in this article is for educational purposes only and does not constitute financial, investment, or trading advice. Coindoo.com does not endorse or recommend any specific investment strategy or cryptocurrency. Always conduct your own research and consult with a licensed financial advisor before making any investment decisions.*

**Author:**
*Alexander Zdravkov*
Reporter at Coindoo

Alexander Zdravkov is a person who always looks for the logic behind things. He has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
https://coindoo.com/pi-coin-surges-over-30-as-bulls-react-to-major-network-milestone/

BlockchainFX Surges Past $10m Presale As Polkadot And Avalanche Struggle To Regain Market Trust

In a rapidly evolving crypto landscape, investors are beginning to shift their focus from large-cap ecosystems that have slowed in momentum to emerging projects that combine innovation with reward. BlockchainFX (BFX) is standing out in that transition. With its presale surpassing $10 million and token price rising to $0.029, BlockchainFX is attracting serious attention as a next-generation decentralized trading and earning platform.

Its mix of staking, trading, and real-world payment integration has positioned it as one of the best cryptos to buy today—especially as projects like Polkadot and Avalanche face ongoing questions over scalability and sustainability.

### Early Buyers Benefit As BlockchainFX Presale Gains Speed

The BlockchainFX presale has captured investors’ attention for its strong growth and structured rewards. Each tier of the sale brings a higher token price, meaning that early investors lock in better entry points. With the current presale trading at $0.029 and set to rise toward its $0.05 market launch price, those getting in now are positioning themselves for potentially large returns.

Adding further incentive is the limited-time Halloween promotion, which grants a 40% bonus on FX tokens to anyone using the code **CANDY40** before 3rd November, 6pm UTC. Once the offer expires, late buyers will receive fewer tokens for the same investment—a decisive advantage for early participants.

This model has pushed BFX into the spotlight among the best presales to buy now, especially as it blends high growth potential with a real, evolving product ecosystem.

### Polkadot’s Vision Falters Amid Complexity

Polkadot remains one of the more ambitious blockchain projects, built around a multi-chain structure designed to connect diverse networks through its parachain model. Its vision for interoperability is strong in theory, yet real-world adoption has lagged behind expectations.

Developers continue to face challenges in scaling, and its complex structure has slowed mainstream use. Despite its technological sophistication, investors are increasingly cautious. The DOT token has been volatile, struggling to maintain a clear upward trend in recent months as liquidity and developer activity waver.

In contrast, BlockchainFX’s simpler yet more direct model—centered on usability, trading access, and tangible staking rewards—provides a more grounded and practical proposition.

### Avalanche Still Faces Congestion and Competition

Avalanche emerged as a fast, low-cost alternative to Ethereum, promoting its sub-second finality and high throughput. However, it continues to battle network congestion and gas fee spikes during heavy activity.

Its DeFi ecosystem, once hailed as a major rival to Ethereum’s, has stagnated, with developers migrating to newer chains or Layer-2 solutions that offer cheaper scalability. While Avalanche still enjoys a loyal following, investors seeking fresh growth opportunities are turning toward projects like BlockchainFX that combine innovation with everyday usability.

BFX’s decentralized super app model provides a new blueprint not just for crypto trading, but for bridging multiple financial markets in one environment.

### BFX Is a Trading Platform for Every Market

The BlockchainFX ecosystem revolves around its multi-asset trading platform, allowing users to trade across crypto, stocks, forex, ETFs, and more. This positions BFX as a truly diverse digital financial platform, removing the need to switch between exchanges or platforms.

Completely decentralized, BlockchainFX ensures that users maintain full control of their funds while accessing a seamless trading experience. The integration of traditional markets alongside crypto is a first step toward creating what many are calling the “super app” of decentralized finance—an all-in-one hub where investors can manage all their financial activities under one umbrella.

This expansion of functionality sets BFX apart from older networks that remain confined to singular blockchain use cases.

### Passive Earnings Through BlockchainFX Staking

One of BlockchainFX’s most appealing attributes lies in its staking model, which provides a consistent pathway to generating passive income. Every time a transaction occurs on the platform, 70% of trading fees are redirected toward staking rewards, buybacks, and token burns.

Holders who stake their BFX tokens automatically receive 50% of all collected fees, while 20% goes toward daily buybacks to help sustain the price floor and strengthen liquidity. Half of these repurchased tokens are permanently burned, continually reducing overall supply and increasing scarcity.

With rewards capped at $25,000 USDT per day, staking creates a steady cycle of profit-sharing and deflation that could enhance long-term value appreciation—an attractive feature for anyone searching for cryptos with high ROI potential.

### Exclusive BFX Visa Card Brings Crypto Into Daily Life

BlockchainFX extends its ecosystem into the real world through the BFX Visa Card, available only during presale. Offered in Metal and 18 Karat Gold editions, it allows users to top up with BFX and over 20 other cryptocurrencies.

With a transaction limit of $100,000 per purchase and $10,000 in monthly ATM withdrawals, it gives crypto holders an unprecedented level of spending flexibility. Cardholders can use staking or USDT rewards for payments in-store or online, bringing tangible utility to the token.

This presale-only feature further cements BlockchainFX’s reputation as a project that merges digital wealth with physical convenience.

### A Stronger, Simpler Future for DeFi

While Polkadot and Avalanche continue to refine their networks, both face scalability and user adoption hurdles that slow progress. BlockchainFX, in contrast, has built an ecosystem that’s simple, accessible, and tailored to modern investor needs.

By uniting multi-asset trading, real-world spending, and a rewarding staking structure, BFX stands out as a top-tier alternative for 2025 and beyond.

As its presale accelerates past $10 million and approaches the next pricing tier, BlockchainFX is emerging as one of the best cryptos to buy today—a project where innovation meets accessibility and growth meets reward.

**Website:**
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*This publication is sponsored. Coindoo does not endorse or assume responsibility for the content, accuracy, quality, advertising, products, or any other materials on this page. Readers are encouraged to conduct their own research before engaging in any cryptocurrency-related actions. Coindoo will not be liable, directly or indirectly, for any damages or losses resulting from the use of or reliance on any content, goods, or services mentioned. Always do your own research.*

**Author:** Krasimir Rusev
Reporter at Coindoo

Krasimir Rusev is a journalist with many years of experience covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise and professionalism make him a valuable source of information for investors, traders, and anyone who follows the dynamics of the crypto world.
https://coindoo.com/blockchainfx-surges-past-10m-presale-as-polkadot-and-avalanche-struggle-to-regain-market-trust/

When AI malware meets DDoS: a new challenge for online resilience

In most industries, discussions about AI revolve around four themes: ethics, return on investment, the risk of machines taking human jobs, and growing energy demand. However, in cybersecurity, the picture is quite different. Here, AI has already become an effective weapon for attackers, fueling ransomware campaigns and enabling malicious tools to write their own code, bypass CAPTCHAs, and drive increasingly destructive DDoS attacks.

### AI Becomes an Attacker’s Tool

AI has firmly established itself as a key part of the cybercriminal toolkit. Research from MIT Sloan shows that in 2023-2024, 80% of ransomware attacks relied on AI in some form. Looking ahead to 2025, this trend is accelerating rapidly.

Specialized models like GhostGPT—stripped of ethical safeguards—are now readily available for all types of cybercriminal activities, from writing phishing emails and generating malicious code to creating fraudulent websites. Bots such as AkiraBot leverage AI to bypass CAPTCHA protections and flood sites with spam.

In late August 2025, ESET researchers uncovered PromptLock—the first ransomware written by AI. This discovery demonstrated how malicious code can now be generated on the fly by large language models (LLMs), rather than being hardcoded into executables by human hackers.

These examples highlight that attackers are adopting AI at scale, rendering traditional defense mechanisms far less effective. DDoS protection is no exception.

### Why This Matters for DDoS Attacks

DDoS attacks come in many forms, but the hardest to mitigate are application-layer (Layer 7) attacks. These attacks overwhelm web servers with traffic that looks legitimate. The near-universal adoption of HTTPS on modern websites makes it even harder to distinguish malicious requests from genuine user activity, since nearly all traffic is encrypted.

For years, the primary defense measure was to separate humans from bots and block the latter using CAPTCHAs (Completely Automated Public Turing tests to tell Computers and Humans Apart). This usually involved clicking a box, typing distorted text, or identifying objects like traffic lights and fire hydrants. The underlying assumption was that humans could pass these challenges, while bots would fail.

That assumption no longer holds true.

Malware equipped with AI can now solve CAPTCHAs and blend seamlessly into legitimate traffic, silently contributing to botnets. Research from ETH Zurich last year confirmed this by creating an AI model that solved Google’s popular reCAPTCHAv2 CAPTCHA—featuring images of bicycles, bridges, and more—as well as humans could.

Simply put, defenders can no longer reliably tell humans and bots apart because AI-driven bots mimic average human behavior convincingly.

### The Stakes for Enterprises

This shift raises the stakes for all organizations, but large enterprises will feel the impact most acutely. For them, the risks extend far beyond temporary service disruption.

A successful AI-driven DDoS attack can cause severe reputational damage, erode customer trust, and for publicly traded companies, negatively affect investor confidence and stock prices.

### The Solution: Intent-Based Filtering

The answer lies in intent-based filtering. Rather than asking whether a visitor is human or a machine, this approach evaluates **behavioral intent**: what users are doing on the site and whether their actions are productive or destructive.

– Is the visitor engaging in genuine customer behavior, such as reading content, completing transactions, or requesting reasonable amounts of data?
– Or does their activity resemble meaningless page-grinding aimed solely at generating server load?

By shifting focus from unreliable intelligence tests to behavioral intent, defenders gain a valuable opportunity to detect AI-driven bots—even when they convincingly mimic human users.

This transition is rapidly becoming the baseline for defending against application-layer DDoS attacks in the era of AI-enabled malware. Organizations must adapt quickly.

### Recommendations for Enterprises

– **Invest in DDoS mitigation platforms that support intent-based filtering**, not just CAPTCHA-based detection.
– **Deploy layered monitoring across applications, networks, and endpoints** to catch anomalies early.
– **Conduct regular stress tests simulating AI-enhanced DDoS scenarios** to ensure resilience under real-world conditions.

At the same time, it’s important to note that most managed security providers **do not yet offer intent-based filtering**. Therefore, enterprises must carefully evaluate vendors to ensure defenses are adequate against this new generation of threats.

Additionally, every organization should maintain a clear incident-response playbook that defines responsibilities and outlines communication protocols with customers in case of downtime.

### Are You Ready for the New Challenge?

Cybersecurity has long been on the edge of transformation. While other industries are still debating the negative impacts of rapid AI adoption, cybersecurity is already grappling with a clear and present menace.

This reality forces companies to rethink how they protect their systems, test their resilience, and prepare for the next wave of attacks—undoubtedly AI-driven.

Choosing the right security tools and partners will be critical to successfully navigating this new landscape.

### Looking for the Best Antivirus Software?

To help protect your organization from evolving threats, we rank the **best Antivirus Software** available today. Make sure your cybersecurity defenses are ready for the AI era.

*Stay informed and stay protected as AI reshapes the cybersecurity battlefield.*
https://www.techradar.com/pro/when-ai-malware-meets-ddos-a-new-challenge-for-online-resilience

Circle debuts public testnet of its payment-focused Arc chain – Details

**Key Takeaways**

– **What’s next for Arc as it rolls out public testnet?**
If the test is successful, the payment-focused chain could soon launch on the public mainnet for everyone.

– **Why is Arc’s progress important?**
It signals incoming shifts across the stablecoin payment ecosystem, raising questions about whether Ethereum will maintain its dominant position.

Circle, the issuer of the USDC stablecoin, is nearing the launch of its Arc chain—a global, payment-focused Layer 1 blockchain powered by digital dollars. On October 28, the firm announced the start of public testing for the chain alongside key design partners.

These partners include major banks, insurers, and asset managers such as BlackRock, HSBC, and Absa. According to Circle CEO Jeremy Allaire, these institutions serve billions of users and manage trillions of dollars in assets worldwide. He stated that Arc is designed to seamlessly connect local markets and developers to the global economy. Allaire dubbed Arc the “economic OS of the internet,” emphasizing its unique purpose as a platform built to bridge every local market to the global financial system.

### Stablecoin Payments Heat Up

Beyond its focus on global and agentic payments, Arc also aims to support on-chain foreign exchange (FX) and capital markets through tokenization. BlackRock’s Global Head of Digital Assets, Robert Mitchnick, highlighted FX and tokenization as key areas of interest in the project. He noted, “Exploring Arc will provide insight into how stablecoin-denominated settlement and on-chain FX capabilities might enable more efficient capital markets and unlock additional utility for on-chain assets.”

Other tech and finance giants such as Google, Stripe, and Tether have similar ambitions. For example, Tether’s Plasma [XPL] chain is already live and manages around $6 billion of stablecoin supply, making it the fifth-largest blockchain for digital dollars.

Google’s GUCL and Stripe’s Tempo chains are also expected to launch soon. Collectively, these new payment-focused chains could pose a challenge to Ethereum’s market share in stablecoin settlements, according to some analysts.

### Ethereum’s Position in Stablecoin Markets

Currently, out of the $305 billion total stablecoin supply, Ethereum controls $162 billion, accounting for approximately 53%. Tron (TRX) holds about a quarter of the total market share, with the remainder distributed among various other chains.

In terms of stablecoin transfers, Ethereum continues to hit record volumes every month. In fact, this October marked a milestone as the stablecoin transfer volume on Ethereum surpassed $2 trillion for the first time.

However, with the emergence of Arc, Plasma, Tempo, and Google’s payment chains, it remains to be seen whether Ethereum will maintain its dominance or see its market share erode in the evolving stablecoin ecosystem.

Stay tuned as this dynamic space unfolds, potentially reshaping the future of digital dollar payments and blockchain finance.
https://bitcoinethereumnews.com/tech/circle-debuts-public-testnet-of-its-payment-focused-arc-chain-details/?utm_source=rss&utm_medium=rss&utm_campaign=circle-debuts-public-testnet-of-its-payment-focused-arc-chain-details

Trump Criticizes Fed Chair Powell Over Interest Rate Policy

**President Trump Criticizes Federal Reserve Chair Jerome Powell at Asia-Pacific Economic Cooperation Summit**

On October 29, 2025, President Donald Trump openly criticized Federal Reserve Chair Jerome Powell during the Asia-Pacific Economic Cooperation (APEC) summit held in South Korea. Trump ridiculed the Fed’s interest rate policies, highlighting ongoing tensions that could influence U.S. economic strategies and impact market confidence—particularly in interest-sensitive assets such as cryptocurrencies.

### Trump Mocks Powell: Calls for Faster Rate Cuts

Speaking at the APEC summit, Trump labeled Jerome Powell as “Jerome ‘Too Late’ Powell,” a sharp critique of the Fed chair’s handling of interest rate cuts. His remarks drew laughter from the audience and underscored his frustration with what he perceives as the slow pace of monetary policy adjustments.

Trump emphasized his insistence that the Federal Reserve keep interest rates low despite inflation risks. He confidently predicted that the U.S. economy will achieve 4% growth in early 2026—a forecast significantly more optimistic than the median economist predictions.

“We will not let the Fed raise interest rates because they are worried about inflation three years from now,” Trump declared, reinforcing his stance against the Fed’s cautious approach.

### Crypto Markets Watch Fed Moves Amid Rate Debate

Historically, President Trump’s public criticisms of the Federal Reserve have triggered short-term market volatility and sparked debates regarding the stability of the U.S. dollar. Such debates have indirectly fueled interest in cryptocurrencies as alternative stores of value.

As of now, Bitcoin (BTC) is priced at $113,069.26, according to CoinMarketCap. The cryptocurrency boasts a market capitalization of $2.25 trillion and maintains a market dominance of 59.22%. With a maximum supply capped at 21 million and a circulating supply of approximately 19.94 million BTC, the digital asset experienced a slight decline of 0.51% in the last 24 hours.

Stay tuned for more updates on how Federal Reserve policies and global economic developments continue to shape market dynamics and investor sentiment.
https://bitcoinethereumnews.com/tech/trump-criticizes-fed-chair-powell-over-interest-rate-policy/?utm_source=rss&utm_medium=rss&utm_campaign=trump-criticizes-fed-chair-powell-over-interest-rate-policy

japan PARP Inhibitor Market Watch: Strategic Forecasts Amid Rising Economic Volatility

**PARP Inhibitor Market Outlook**

**Base Year:** 2024
**Forecast Period:** 2025-2035

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### PARP Inhibitor Market – Top Key Companies

– AstraZeneca Plc.
– Johnson & Johnson
– GlaxoSmithKline plc.
– Pfizer Inc.
– Jiangsu Hengrui Medicine Co. Ltd
– Clovis Oncology Inc.
– AbbVie Inc.
– Bristol Myers Squibb
– Merck KGaA
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### Market Scope and Growth Analysis

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The report offers detailed insights into key companies’ commitments, supply and demand analyses, and market share increases within the PARP Inhibitor Market. Primary members of the market have been thoroughly evaluated concerning their financial standing, production volume, product offerings, and organizational profiles.

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The report delivers a detailed segmentation analysis of the PARP Inhibitor Market, highlighting the segments with the largest market share. The forecast period covered is from 2025 to 2035, with 2024 as the base year. The segments analyzed include:

– **By Drug:** Lynparza, Niraparib, Rucaparib, and Others
– **By Indication:** Ovarian cancer, Breast cancer, Prostate cancer, Lung cancer, and Others
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https://www.prnewsreleaser.com/news/117573

South Korea trade deal appears elusive as Trump seeks $350B investment

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Democratic Lawmakers Urge DeSantis To Declare Emergency and Buy Supplies for Food Pantries

**Florida Democrats Urge Gov. DeSantis to Declare State of Emergency Amid Looming Food Assistance Crisis**

Florida Democrats in the Legislature are imploring Gov. Ron DeSantis to declare a state of emergency and allocate state funds to purchase food for distribution to food pantries. This urgent request comes as nearly 3 million Floridians face losing access to the Supplemental Nutrition Assistance Program (SNAP) due to an ongoing federal government shutdown.

Led by Senate Democratic Leader Lori Berman (D-Boynton Beach) and House Democratic Leader Fentrice Driskell (D-Tampa), legislative Democrats sent a letter to Gov. DeSantis on Tuesday. They urged him to use his emergency powers to ensure that millions of Floridians who rely on SNAP do not go hungry when their benefits expire this Saturday.

The letter also requests that DeSantis direct the Department of Children and Families—the agency responsible for administering SNAP—to coordinate with local food banks and community partners to distribute food immediately.

> “For families already struggling under record food and housing costs, the loss of this critical support would be catastrophic,” the letter states.
> “Local food banks and pantries have already reported overwhelming demand and depleted supplies. We are days away from a full-blown hunger emergency that will leave families without food during the holiday season. The state cannot stand by.”

Florida Democratic Party Chair Nikki Fried echoed the urgency in a separate statement:

> “This moment is bigger than politics. This is about showing up for our fellow Americans and keeping Floridians safe and fed.”

### The Scope of SNAP in Florida

SNAP provides essential nutritional support for low-income seniors, people with disabilities living on fixed incomes, and other individuals and families facing food insecurity. Florida ranks fourth nationwide in SNAP enrollment, with nearly 2.94 million residents relying on the assistance—behind California, Texas, and New York.

Nationwide, approximately 41.7 million people depend on SNAP benefits, according to August 2025 data.

### Federal Shutdown and SNAP Funding Stalemate

The DeSantis administration recently posted a notice warning that SNAP benefits are about to expire, following an announcement from the U.S. Department of Agriculture (USDA). On Friday, the USDA reported it would not tap into $6 billion in contingency funds to maintain benefits during the government shutdown.

It would take roughly $9 billion to cover SNAP costs through November. However, a federal memo—initially reported by Axios—claims that contingency funds cannot be used to sustain the program during the shutdown. The memo states:

> “Contingency funds are only available to supplement regular monthly benefits when amounts have been appropriated for, but are insufficient to cover, benefits. The contingency fund is not available to support FY 2026 regular benefits, because the appropriation for regular benefits no longer exists.”

This partisan impasse has resulted in a 28-day government shutdown, which began on October 1, the start of the federal fiscal year.

### Florida Democrats Demand State Action

In their letter, Florida Democrats emphasized SNAP’s critical role:

> “SNAP is one of the most effective programs for addressing hunger and food insecurity in the state. Especially after the recent cuts stemming from President Trump’s One Big Beautiful Bill, Floridians cannot afford another day without action by the state. Florida has the fiscal strength to respond. What’s needed now is the moral will to act. No parent should have to choose between paying rent and feeding their kids. No child should go hungry because politicians in Washington can’t agree. We urge you to act immediately.”

Senate Leader Lori Berman called the governor’s inaction “heartless”:

> “Florida has $5 billion in its ‘rainy day’ fund that DeSantis could use to avert the food cliff low-income families face. The sudden loss of those benefits would be an economic and humanitarian nightmare. With the stroke of a pen, the Governor can keep food on peoples’ tables. He has a responsibility to the people of this state to put partisanship aside and lead. Refusing to act would be truly heartless.”

House Leader Fentrice Driskell also criticized the governor:

> “He brags about ‘maxing out’ the amount of savings in the state’s ‘rainy day’ fund. If millions of hungry Floridians isn’t an economic storm, I don’t know what is. This is a crisis but an entirely solvable one. We can make sure Floridians do not go hungry. It costs a little more than $6 a day to feed someone. Isn’t every Floridian worth that?”

### Additional Recommendations

The letter further asks Gov. DeSantis to instruct the state Department of Agriculture and Consumer Services to implement universal school meals programs for the duration of the declared emergency.

As of now, the governor’s office has not responded to requests for comment from Florida Phoenix.

*Reported by Christine Sexton, Florida Phoenix*
https://flaglerlive.com/democratic-lawmakers-urge/