Category Archives: finance

US Dollar Index (DXY) picks up on risk-aversion nearing the 100.00 level

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The US Dollar trimmed its losses on Friday as investors remained cautious following another sell-off on Wall Street amid ongoing concerns about a potential AI bubble.

The USD Index, which measures the value of the Dollar against a basket of major currencies, was trading at 99.85 in the early European session, recovering from weekly lows near 99.65. The Greenback found some support from risk aversion, with Asian markets echoing Wall Street’s significant losses, led primarily by sharp declines in tech stocks.

Fears of a dotcom-like crash, combined with disappointing US employment data, have sparked a flight to safety that continues to bolster demand for the US Dollar.

**Further Signs of Weakness in the US Labor Market**

In the US, two private employment reports raised fresh concerns about the labor market’s health, offsetting the moderate optimism seen after Wednesday’s ADP Employment figures.

Data released by Revelio Public Labor Statistics showed a net employment decline of 9,100 jobs in October, with public sector employment falling by 22,000 positions. Additionally, outplacement firm Challenger, Gray & Christmas reported that job cuts surged to 153,074 in October—the highest level in 22 years—as companies seek to reduce costs and adopt AI technologies.

Adding to the uncertainty, the key Nonfarm Payrolls report will be delayed for the second consecutive month due to the ongoing US government shutdown, now in its fifth week.

**What to Watch Today**

With the Nonfarm Payrolls data postponed, market attention shifts to a series of Federal Reserve (Fed) speakers scheduled to speak today. Investors will also be closely watching the preliminary Michigan Consumer Sentiment Index, which is expected to have declined slightly in November, reflecting cautious consumer outlooks amid economic challenges.
https://bitcoinethereumnews.com/finance/us-dollar-index-dxy-picks-up-on-risk-aversion-nearing-the-100-00-level/

Pump.fun is Predicted to Drop to $0.003090 By Nov 10, 2025

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**Disclaimer:** This is not investment advice. The information provided is for general purposes only. No information, materials, services, or other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Please seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

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### Pump.fun (PUMP) Price Update and Prediction – November 5, 2025

Pump.fun (PUMP) is currently trading at **$0.004197**, up **8.17%** against the US Dollar in the last 24 hours. The coin has also performed well against major cryptocurrencies, with PUMP/BTC increasing by **7.92%** and PUMP/ETH rising by **11.94%** today.

Despite this short-term gain, the coin is trading **35.80% above** our previous prediction made on November 10, 2025. However, Pump.fun has experienced a decline of **-33.96%** over the last month and is down by **-14.20%** compared to the price one year ago.

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### Price Prediction

According to our forecast, Pump.fun price is expected to drop by **-24.03%** in the next 5 days, reaching approximately **$0.003090** by November 10, 2025.

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### Market Performance Overview

– **1-Month Trend:** Negative, with a loss of **-33.96%**.
– **3-Month Trend:** Medium-term bullish, with a gain of **25.76%**.
– **1-Year Trend:** Negative, with a decrease of **-14.20%**.
– **All-Time High:** $0.008791 on September 14, 2025.
– **Current Cycle High:** $0.005439.
– **Current Cycle Low:** $0.003229.
– **Volatility:** High, with 1-month volatility at **19.33**.
– **Green Days in Last 30 Days:** 11.

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### Sentiment & Market Mood

– **Sentiment:** Neutral.
– **Fear & Greed Index:** 23 (Extreme Fear).

The Fear & Greed Index reflects investor sentiment in the cryptocurrency market. Currently, an Extreme Fear reading suggests that investors are hesitant, potentially signaling a buying opportunity.

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### Key Support and Resistance Levels

– **Support Levels:** $0.003497, $0.003226, $0.002986.
– **Resistance Levels:** $0.004009, $0.004249, $0.004520.

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### Technical Analysis – November 5, 2025

The market sentiment for Pump.fun is currently neutral. Technical indicators are evenly split, with 9 showing bullish signals and 9 indicating bearish forecasts.

#### Moving Averages

| Period | Simple MA (Signal) | Exponential MA (Signal) |
|——–|——————–|————————|
| MA3 | $0.003692 (BUY) | $0.004557 (SELL) |
| MA5 | $0.003964 (BUY) | $0.004692 (SELL) |
| MA10 | $0.004317 (SELL) | $0.004542 (SELL) |
| MA21 | $0.004159 (BUY) | $0.004120 (BUY) |
| MA50 | $0.005256 (SELL) | $0.003802 (BUY) |

#### Oscillators & Indicators

| Indicator | Value | Signal |
|——————————-|———-|———|
| RSI (14) | 41.80 | Neutral |
| Stochastic RSI (14) | 59.37 | Neutral |
| Stochastic Fast (14) | 16.84 | Buy |
| Commodity Channel Index (20) | -66.67 | Neutral |
| Average Directional Index (14)| 15.96 | Neutral |
| Awesome Oscillator (5,34) | 0.00 | Neutral |
| Momentum (10) | 0.00 | Neutral |
| MACD (12,26) | 0.00 | Neutral |
| Williams % Range (14) | -83.16 | Buy |
| Ultimate Oscillator (7,14,28) | 47.13 | Neutral |
| VWMA (10) | 0.00 | Sell |
| Hull Moving Average (9) | 0.00 | Sell |
| Ichimoku Cloud B/L | 0.00 | Neutral |

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### Key Insights from Technical Indicators

– The **Relative Strength Index (RSI 14)** at 41.80 suggests a neutral market position, indicating neither overbought nor oversold conditions.
– Pump.fun is currently trading **below both the 50-day Simple Moving Average (SMA 50)** and the **200-day Simple Moving Average (SMA 200)**, which is considered a bearish signal.
– The mix of buy and sell signals across moving averages and oscillators suggests a balanced, uncertain market outlook.

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### Summary and Outlook

Considering the current data and technical analysis, the overall forecast for Pump.fun remains **Neutral** at this time. The price is expected to decrease by approximately **24.03%** over the next five days, targeting around **$0.003090**.

Investors should carefully monitor:

– Market sentiment and shifts in investor mood.
– Key support and resistance levels.
– Updates in technical indicators and overall market trends.

**Please note:** Cryptocurrency markets are highly volatile and unpredictable. Past performance and forecasts do not guarantee future results.

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For more detailed and long-term Pump.fun price predictions, [click here].

—

**Disclaimer:** This content is for informational purposes only and does not constitute financial, investment, or legal advice. Always consult with a qualified professional before making any investment decisions.
https://bitcoinethereumnews.com/finance/pump-fun-is-predicted-to-drop-to-0-003090-by-nov-10-2025/

Global Crossing Airlines Group Inc. (JET:CA) Q3 2025 Earnings Call Transcript

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Good morning, ladies and gentlemen. Thank you for standing by, and welcome to today’s conference call to discuss Global Crossing Airlines’ financial results for the third quarter of 2025.

As a reminder, this conference call is being recorded. Joining us on the call today are the company’s Executive Chairman, Chris Jamroz; President and CFO, Ryan Goepel; and SVP, Corporate Controller, Wendy Shapiro.

Please note that this conference call will contain statements that are considered forward-looking statements under the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these statements. Additional risks and uncertainties are described from time to time in the company’s filings with the SEC.

We caution you not to place undue reliance on any forward-looking statements, which are being made only as of the date of this call. Except as required by law, the company undertakes no obligation to publicly update or revise any forward-looking statements. For important risks and assumptions associated with such statements, please refer to the company’s earnings press release for the third quarter of 2025 and the company’s annual report on Form 10-K for the year ended December 31, 2024.

Additionally, the company’s presentation includes certain non-GAAP financial measures, including EBITDA and EBITDAR, as supplemental measures of business performance. All non-GAAP measures have been reconciled to their most directly comparable GAAP measures.
https://seekingalpha.com/article/4839387-global-crossing-airlines-group-inc-jet-ca-q3-2025-earnings-call-transcript?source=feed_all_articles

Analyst Says Dogecoin Price Is About To Burst, Here’s The Target

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Crypto Analyst Predicts Massive Rally for Dogecoin (DOGE) Price

Crypto analyst Butterfly has provided a bullish outlook for Dogecoin (DOGE), predicting that the popular meme coin could soon experience a massive rally. This forecast comes as the broader crypto market attempts to rebound from its recent downtrend, leaving DOGE trading well below the psychological $0.20 level.

**Analyst Declares Dogecoin Price Is About to Burst**

In a post on X, Butterfly urged DOGE holders to stay alert, suggesting that the Dogecoin price could “burst” from its current price level. The analyst highlighted that DOGE is currently facing the lower boundary of a symmetrical triangle on the 3-day chart. According to Butterfly, this zone acts as a strong support floor for price action, and bullish pressure is mounting quickly.

Butterfly’s accompanying chart indicates that Dogecoin could bounce off the $0.165 support level, potentially rallying to as high as $0.48. Notably, this price point marked a local high for DOGE last year after a similar rally from its current range. The analyst expects that DOGE could reach this level by year-end or early next year.

**Crypto Market Rebound Fuels Optimism**

This bullish Dogecoin price prediction comes as the crypto market rebounds from a recent crash. During the downturn, Bitcoin dropped below $100,000 (correction: Bitcoin’s all-time high is far below this figure; the intended sense is a sharp decline, but not to these levels), dragging DOGE and other altcoins down. With BTC now back above $100,000 (correction as above), DOGE aims to reclaim the important $0.20 level, which could trigger a larger market recovery.

Crypto analyst Ali Martinez also believes the bottom is in for Dogecoin following the recent market correction. In an X post, Martinez revealed that the TD Sequential indicator has flashed a buy signal on DOGE, suggesting the local bottom may be established.

**DOGE’s Bull Run Could Start Soon**

Analyst Chandler suggests that DOGE’s next bull run may be imminent. He notes that the biggest bull runs are typically preceded by the TOTAL3/Total index rallying upward, followed by a sharp drop and a V-shaped recovery—this is when Dogecoin price typically peaks. Chandler observes that TOTAL3/TOTAL appears to be resuming its uptrend, a signal that DOGE could soon rally.

Analyst Ether also reassures that Dogecoin’s bullish structure remains intact despite recent pullbacks. He emphasizes that every Dogecoin cycle looks chaotic up close but is perfectly structured from a distance, maintaining confidence in the ongoing pattern. Previously, Ether predicted that Dogecoin could rally to the psychological $1 level, marking a new all-time high for the meme coin.

**Current DOGE Price**

At the time of writing, Dogecoin is trading at around $0.16, down in the last 24 hours, according to data from CoinMarketCap.

*Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.*
https://bitcoinethereumnews.com/tech/analyst-says-dogecoin-price-is-about-to-burst-heres-the-target/

Schwab: Majority of Retail Investors Plan to Up ETF Allocations

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**Retail Investors’ Appetite for ETFs Continues to Grow, Says Charles Schwab Asset Management Report**

Retail investors are increasingly enthusiastic about exchange-traded funds (ETFs), both experienced and potential users, according to the 14th annual “ETFs and Beyond” report from Charles Schwab Asset Management.

“It’s a continuation of the momentum we have been seeing. Investors continue to indicate they anticipate more of their investment portfolios going into ETFs in the future, such that they are actually thinking about a future where, in some cases, within five years, they may have an ETF-only portfolio,” said David Botset, head of strategy, innovation and stewardship at Schwab Asset Management.

### Survey Overview

The survey gathered responses from 2,000 retail investors, evenly split between those currently holding ETFs in their portfolios and those who do not. Among respondents with ETF holdings, 66% began investing in ETFs within the past five years, while 32% started investing before 2019. The findings were announced during the Schwab Impact conference held recently in Denver.

### Key Findings on ETF Usage

An overwhelming 93% of investors with ETF holdings consider ETFs a necessary part of their portfolio, and 82% identified ETFs as their preferred investment vehicle. Looking ahead, 61% reported plans to increase their ETF allocations in 2025, while 75% said they are likely to invest in another ETF within the next two years.

Currently, ETFs make up about 27% of these investors’ portfolios. They expect this allocation to grow to 34% within the next five years. Notably, 62% said they would shift money from individual stock investments into ETFs, and 51% would pull from mutual funds for this purpose. A smaller group (38%) intends to invest new money into ETFs.

### New vs. Experienced ETF Investors

Investors who began using ETFs in the past five years tend to plan larger increases in their ETF allocations compared to those with longer experience. Approximately half of both groups expect modest increases in the next year. However, 30% of newer investors plan significant increases, versus only 12% of experienced investors.

Regarding portfolio composition, 70% of newer ETF investors are open to allocating their entire portfolio to ETFs, compared with 49% of experienced investors. Similarly, 15% of new investors and 29% of experienced investors plan to maintain their current investment levels.

### Generational Differences

Millennial investors show the strongest enthusiasm for ETFs. Thirty-two percent plan significant increases in ETF holdings over the next year, compared to 20% of Gen X investors and only 6% of baby boomers. Additionally, 66% of millennials would consider an ETF-only portfolio, whereas just 42% of Gen X and 15% of baby boomers said the same.

### Interest Among Non-ETF Investors

Among investors without current ETF holdings, nearly half (48%) indicated they are likely to invest in an ETF within the next two years.

### Preferred Investment Strategies

The majority of surveyed investors (53%) build their ETF portfolios primarily around core strategies, supplemented by some tactical or niche holdings. Another 18% allocate their entire ETF portfolio to core strategies. U.S. equities remain the most popular asset class, with 52% planning to invest in it. Bonds/fixed income and cryptocurrency follow closely, each favored by 45% of respondents.

Other popular asset classes include emerging markets equities (41%), real assets (40%), international developed markets (29%), and alternatives (26%).

David Botset noted, “The majority of ETF investors are either using ETFs to establish a core investment portfolio, or they are doing a core investment portfolio with a small portion that is a little bit more tactical. An ETF, used in that way, can really serve the needs of a large variety of investors. In the same way that for many, many years, mutual funds have been serving that exact purpose. But ETF investors are seemingly using ETFs more and more in lieu of mutual funds.”

More than half of investors (54%) planned to invest in dividend ETFs. Single-stock ETFs came in second, with 36% interest.

### Passive vs. Active ETF Preferences

Investors showed a preference for passive ETFs when tracking U.S. equities, bonds/fixed income, international developed markets, and cryptocurrency. Conversely, active management was preferred for emerging market equities (39% active vs. 35% passive) and alternative investments (35% active vs. 32% passive).

The top reason for choosing actively managed ETFs was the potential to outperform index funds, cited by 63% of respondents. Other reasons included access to alternative strategies (51%), potential downside protection (45%), and access to specific funds or asset managers (41%).

### Factors Influencing ETF Choice

Total cost emerged as the most important factor for ETF selection, with 59% of respondents citing it—an increase of 200 basis points from the 2024 survey. The reputation of the ETF provider also influenced decisions for 55%.

Other factors, such as the ETF’s brand name (40%) and approach to investment stewardship (39%), were less critical in investors’ choices.

Both current ETF investors and those without ETF holdings expressed strong interest in optimizing tax strategies using ETFs (60% and 49%, respectively). Furthermore, investing in long-term trends and macro themes was important to 55% of current ETF investors and 39% of non-ETF investors.

### About the Survey

The annual study was conducted between July 25 and August 14, 2025. Eligible participants were aged 25 to 75, held at least $25,000 in investable assets, and if they did not already invest in ETFs, were at least somewhat familiar with the products. Independent research company Logica Research conducted the survey on behalf of Charles Schwab Asset Management.

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This comprehensive report highlights the growing acceptance and enthusiasm for ETFs among retail investors and underscores the evolving preferences shaping ETF investment strategies.
https://www.wealthmanagement.com/etfs/schwab-majority-of-retail-investors-plan-to-up-their-etf-allocations

PENGU’s 22% fall – What happens now that the buy signal is live?

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**Why Did PENGU’s Price Crash Today?**

Pudgy Penguins (PENGU) memecoin experienced a significant price drop of over 10% today, primarily driven by leveraged shorts piling in near the $0.0157 level. This aggressive shorting pushed the price lower amidst broader market weakness following Bitcoin’s dominance surge since the October 10 crash.

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**What Are Pundgy Penguin Traders Watching Next?**

Top wallets currently hold approximately 97% of PENGU, suggesting a potential rebound if the price can reclaim support around $0.0177 soon. This area is critical for confirming any recovery and shifting the market sentiment back to bullish.

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**PENGU Falls 10% but Flashes a ‘Buy’ Signal**

Over the past 24 hours, PENGU’s price slid more than 10%, accumulating nearly a 22% loss since the beginning of November. Despite the bearish price action, the Cumulative Volume Delta (CVD) indicates some recovery—improving from -$326 million last week to -$64 million currently—implying sellers might be losing momentum.

Additionally, the MACD recently turned faintly green, signaling that bulls are becoming alert to a monthly discount that’s less than a week old. Supporting this positive outlook, Ali Charts’ analysis highlights a buy signal from the TD Sequential indicator around the $0.015 zone, which is roughly two-thirds down from the late August highs of $0.045.

For the bullish momentum to gain traction, PENGU must flip the $0.01772 to $0.01900 zone from resistance to support. While these indicators offer some hope, the overall chart structure remains bearish on both daily and hourly timeframes at the time of writing.

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**Top Traders Stay Long Despite Volume Spike**

Data from Nansen AI reveals that 24-hour trading volume surged to $241.7 million—nearly 48 times the daily average. This volume spike coincided with the price drop, signaling heavy distribution activity.

Nevertheless, the top-performing PnL traders are holding firm, maintaining 97% of their positions. Notably, one wallet accumulated an additional $75,000 worth of PENGU, backing a short-term bullish bias. Still, despite these signs of accumulation, the broader structure stays bearish on both hourly and daily charts.

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**Leverage and Shorts Push Prices Lower**

Aggregate exchange data shows cumulative shorts at $7.68 million, significantly outnumbering longs at $3.67 million. The most intense leveraged short positions—ranging from 25x to 50x—clustered around the $0.01579 price level.

Binance alone accounts for $3.35 million in shorts compared to $1.77 million in longs. This imbalance confirms that the recent downward pressure was primarily triggered by leveraged derivatives traders, rather than spot market selling.

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**Conclusion**

While derivatives-driven shorting led to the recent price drop, the strong holding by whales and emerging buy signals point to bottom-seeking behavior rather than a complete market recovery. If spot demand increases and PENGU can reclaim the $0.0177 support level, this accumulation by top traders may limit further downside and set the stage for a potential rebound.
https://bitcoinethereumnews.com/tech/pengus-22-fall-what-happens-now-that-the-buy-signal-is-live/

Evergy Selects Kigen To Strengthen Grid Resilience Across Private and Public Networks

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**Evergy Selects Kigen’s Secure eSIM OS and eIM to Maximize Grid Reliability with Automated Failover Across Private and Public Networks**

Evergy, one of the largest investor-owned utilities in the Midwest United States serving 1.7 million customers across Kansas and Missouri, has selected Kigen, the global leader in eSIM and iSIM technology, to strengthen grid resiliency.

By adopting Kigen’s secure eSIM OS and eIM solution, Evergy is unifying private LTE and public networks into an automated connectivity layer. This creates a foundation for more reliable operations in the face of severe weather, growing energy demand, and the complexity of distributed energy resources (DERs).

Reliability is central to Evergy’s strategy, alongside affordability and sustainability. As utilities integrate distributed energy resources, advanced metering infrastructure (AMI), and dynamic billing, ensuring uninterrupted connectivity becomes critical.

Severe thunderstorms, storm-related outages, and routine network upgrades can all disrupt real-time telemetry that forms the “heartbeat” of a modern grid. Without automation, managing tens of thousands of IoT devices at scale would create unacceptable risks to both service continuity and cost efficiency.

Evergy’s LTE network already spans 100 sites, supporting thousands of IoT sensors, AMI, and operational technology devices. With an expansion expected to reach tens of thousands of devices, failover between private and public networks must be seamless. Manual approaches cannot keep pace at this scale.

“As we modernize our grids, uninterrupted device data means visibility and preparation against outages from both the fast-changing energy transition and unpredictable severe weather. Taking control of our infrastructure requires network availability, and automation is the foundation on which dynamic billing and AI can build. Kigen eSIMs and the eIM, configured to Evergy’s needs, enable us to set a new benchmark in grid resiliency—what has long been the holy grail of resilient, intelligent grids,” said Bill Franzen, Evergy lead radio engineer.

Kigen’s secure eSIM OS and SGP.32-compliant eIM solution give Evergy the flexibility to manage connectivity dynamically through eSIMs provisioned with multiple operator profiles. Kigen eSIM OS for IoT and consumer devices includes configurable features such as its network rescue and recovery applet, which enables dynamic, automated failover between private LTE and preferred public networks based on business rules.

These operations are centrally managed through Kigen Pulse, allowing control at fleet scale—by geography, asset type, or site—ensuring continuity of operations, reducing lifecycle costs, and supporting broader goals of capital efficiency, safety, and sustainability.

Cybersecurity is paramount in critical infrastructure. Evergy’s deployment relies on the Kigen eIM hosted at its Dublin site, which is fully certified under the GSMA Security Accreditation Scheme for Subscription Management (SAS-SM). This site operates the Kigen eIM solution to the latest GSMA SGP.32 IoT eSIM specification, providing both assurance of compliance and the trusted foundation required for secure, grid-ready operations.

“Building in dynamic automation for scaled failover and recovery, we enable Evergy’s vision to design for improved reliability, resilience, and operational intelligence. As utilities navigate the energy transition, uninterrupted connectivity is the foundation for AI, dynamic billing, and DER integration. With Kigen’s configurable eSIM OS and SGP.32-compliant eIM, utilities can take control of their connectivity and create the intelligent grids the future demands,” said Vincent Korstanje, CEO at Kigen.
https://iotbusinessnews.com/2025/11/03/evergy-selects-kigen-to-strengthen-grid-resilience-across-private-and-public-networks/

Malaysia’s central bank sets three-year roadmap to pilot asset tokenization

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Bank Negara Malaysia (BNM), the country’s central bank, has unveiled a three-year roadmap to explore and test asset tokenization across the financial sector. The initiative aims to drive innovation and modernization through blockchain-based digital assets, enhancing efficiency and accessibility in financial services.

As part of the roadmap, BNM will launch proof-of-concept (POC) projects and live pilots via its Digital Asset Innovation Hub (DAIH), established earlier this year. The central bank announced this development on Friday, emphasizing its commitment to advancing digital asset technologies.

A key component of the roadmap is the creation of an Asset Tokenization Industry Working Group (IWG). This group will coordinate industry-wide exploration, facilitate knowledge sharing, and identify regulatory and legal challenges surrounding asset tokenization. Co-led by BNM and the Securities Commission (SC), the IWG will initially focus on foundational use cases that demonstrate clear economic value.

### Focus on Real-World Asset Tokenization

BNM clarified that the tokenization efforts will concentrate on real-world assets rather than cryptocurrencies. Highlighted use cases include:

– **Supply chain financing** to expand credit access for small and medium enterprises (SMEs)
– **Tokenized liquidity management** for faster settlement processes
– **Islamic finance applications** to automate Shariah-compliant transactions

Additional areas of interest encompass programmable payments, green finance initiatives, and 24/7 cross-border trade settlements.

### Exploring MYR-Denominated Tokenized Deposits and Stablecoins

The central bank also plans to study the role of Malaysian Ringgit (MYR)-denominated tokenized deposits and stablecoins. This exploration aims to preserve the “singleness of money” while enabling more efficient digital settlement mechanisms. Furthermore, the integration of wholesale central bank digital currency (CBDC) will be examined as part of the broader digital asset strategy.

### Regional Collaboration and Industry Feedback

Malaysia seeks to align with other leading Asian regulators such as Singapore’s Monetary Authority of Singapore (MAS) and Hong Kong’s Hong Kong Monetary Authority (HKMA) by piloting asset tokenization projects to modernize financial infrastructure across the region.

Industry stakeholders are invited to provide feedback on the discussion paper until March 1, 2026, enabling collaborative development of the regulatory and operational framework.

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### Malaysia’s Regulator Proposes Faster Crypto Listings

In a related development, Malaysia’s Securities Commission (SC) proposed a new framework in July aimed at accelerating cryptocurrency listings on approved exchanges. Under the proposal, exchanges would be permitted to list certain digital assets without requiring prior approval from the regulator.

However, listed assets must meet specific conditions, including undergoing public security audits and having been traded for at least one year on platforms compliant with Financial Action Task Force (FATF) standards. This move seeks to balance market innovation with investor protection and regulatory oversight.

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**Related:**
– Malaysia launches Digital Asset Hub to test stablecoin and programmable money
– Tokenized money market funds emerge as Wall Street’s answer to stablecoins

Bank Negara Malaysia’s roadmap signals a significant step toward embracing digital innovation in the financial sector, positioning Malaysia as a key player in the evolving landscape of tokenized assets.
https://cointelegraph.com/news/malaysia-central-bank-roadmap-pilot-asset-tokenization?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

CORZ Has Major Upside Following Failed CRWV Takeover

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Investment bank Macquarie has upgraded Core Scientific (CORZ) to an outperform rating from neutral, raising its price target on the stock by nearly 90% to $34 from $18. This move follows the collapse of the proposed merger deal between Core Scientific and CoreWeave (CRWV).

The failed merger came as no surprise, according to analysts Paul Golding and Marni Lysaght, who noted in their Thursday report that shareholder opposition was evident from reports and proxy recommendations. Despite the setback, Macquarie’s analysts view the outcome positively, as it gives Core Scientific greater flexibility to lease its near-term power capacity to AI tenants.

Core Scientific shares responded positively, rising 4.5% in early trading to around $21.70.

The analysts highlighted that Core Scientific’s 1.5 gigawatt (GW) power portfolio includes 590 megawatts (MW) already leased to CoreWeave, with an additional 1 GW gross—and roughly 700 MW billable—currently under load study. Management expects to sign at least one new colocation customer by the fourth-quarter earnings report. Macquarie noted that securing a new tenant could accelerate revenue diversification and underscore Core Scientific’s competitive advantage in high-performance computing buildouts.

Meanwhile, Jefferies commented that Core Scientific is moving forward with renewed focus after shareholders rejected the proposed merger with CoreWeave. According to analysts led by Jonathan Petersen, Core Scientific exits the merger process retaining 1.5 GW of existing and planned billable power capacity, with minimal capital expenditure tied to the now-defunct deal.

Throughout the merger talks, Core Scientific continued to expand its data center business, positioning itself to sign new tenants and power contracts by the end of the year. Jefferies emphasized that signing a new tenant would be a key milestone in diversifying revenue streams and reducing reliance on CoreWeave.

Jefferies currently holds a buy rating on Core Scientific shares, with a price target of $28.
https://bitcoinethereumnews.com/tech/corz-has-major-upside-following-failed-crwv-takeover/?utm_source=rss&utm_medium=rss&utm_campaign=corz-has-major-upside-following-failed-crwv-takeover