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Grayscale has introduced staking within its spot Ethereum exchange-traded products. Investors holding the Ethereum Trust ETF (ETHE) and the Ethereum Mini Trust ETF (ETH) can now earn staking rewards as part of their investment. The company framed this as giving people more flexibility, letting some reinvest their rewards for compounding while others take cash payouts instead. A Milestone for U.S. Crypto ETFs This development marks a first in the U.S. Grayscale is the only asset manager so far to integrate staking rewards into spot Ethereum ETFs. The firm also expanded staking to its Solana Trust (GSOL), but that fund still needs regulatory approval before it can trade as a full exchange-traded product. Changing Regulatory Winds For years, staking sat in a gray zone under U.S. regulation. Under previous SEC leadership, staking services were often viewed as potential unregistered securities offerings. That uncertainty kept fund managers from building staking into their products. Recent guidance has eased those concerns, making it clearer how staking can be structured without triggering immediate legal issues. This change opened the door for Grayscale to move ahead. DISCOVER: Best New Cryptocurrencies to Invest in 2025 What the Staking System Looks Like A portion of the Ethereum held by Grayscale’s funds will now be staked through institutional validators and custodians. Rewards earned from this process will either increase the fund’s net asset value or be paid out in cash, depending on what the investor prefers. This setup allows people to benefit from Ethereum’s proof of stake model without dealing with the technical side of running validators. Market Cap 24h 7d 30d 1y All Time Cost and Competition Dynamics Staking may help Grayscale bring down the effective costs of running these ETFs. Yield from staking can offset some management expenses, which could give the firm more pricing flexibility in a competitive market. It also makes the funds more attractive to both retail and institutional investors who want yield exposure without adding extra complexity to their strategies. Broader Impact on Ethereum If these staking features attract significant inflows, it could reshape Ethereum’s staking ecosystem. More institutional capital entering through regulated funds could influence validator distribution, liquidity, and overall stability. By channeling capital through a trusted investment structure, Grayscale might strengthen confidence in Ethereum’s staking layer. DISCOVER: 20+ Next Crypto to Explode in 2025 Balancing Rewards with Risk There are still real risks. Validators must operate reliably to avoid slashing or downtime penalties. Grayscale also needs to ensure clear segregation between staked assets and other fund holdings while meeting strict compliance standards. Regulatory interpretations could shift again in the future, adding another layer of uncertainty. A Sign of Things to Come This move reflects a broader evolution in crypto ETFs. Rather than offering simple price exposure, funds are beginning to integrate on-chain yield mechanisms that appeal to yield-focused investors. In a world where returns are increasingly sought outside traditional bonds, staking inside ETFs could become a major competitive edge. If this approach gains traction, other issuers may follow. Grayscale’s decision could mark the beginning of a new chapter where crypto ETFs combine both price exposure and yield in a single regulated product. DISCOVER: 20+ Next Crypto to Explode in 2025 Join The 99Bitcoins News Discord Here For The Latest Market Updates Key Takeaways Grayscale has added staking to its Ethereum ETFs, letting investors earn rewards through the ETHE and ETH Mini Trust products for the first time in the U.S. This move is a first for U.S. spot Ethereum ETFs, marking a major milestone as Grayscale integrates staking rewards into regulated investment products. Regulatory guidance has become clearer, giving asset managers more confidence to include staking without triggering immediate legal challenges. Staking can help offset ETF management costs, potentially making these funds more competitive while giving investors yield exposure without technical hassle. Large inflows through regulated staking products could influence Ethereum’s validator distribution, liquidity, and network stability over time. The post Grayscale Brings Staking to Its Ethereum ETFs appeared first on 99Bitcoins.

The Pi Network (PI) community is heating up after a major announcement revealed that new Decentralized Finance (DeFi) features are now live on the Testnet. With the cryptocurrency currently trading around $0.26 after crashing severely in the past few months, the report of new upgrades raises the question of whether these developments could trigger a strong enough comeback to spark a 900% rally back to $2.98. Could Pi Network’s New DeFi Upgrades Spark A Rally? Pi Network’s price faced a devastating correction over the course of eight months, plunging from its February peak of $2.98 to just around $0.26 today. The decline erased more than $18 billion in value in just six months, sparking rugpull accusations as heavy sell-offs from whales and rapidly shifting sentiment drove the market into a downward spiral. At current levels, the cryptocurrency would need a near tenfold rally to revisit its all-time high. Such a rebound is theoretically possible in crypto markets, where significant developments often drive exponential gains. However, with the PI price down more than 85% from peak levels, a surge of that scale remains uncertain. Despite its decline, optimism has resurfaced following Pi Network’s latest ecosystem updates, which could signal a shift from speculation toward sustainable utility. According to the Pi Core Team on X social media, the launch of the Pi DEX, AMM liquidity pools, and token creation tools on Testnet marks the beginning of the cryptocurrency’s new DeFi era. These tools allow Pioneers to swap tokens, provide liquidity, mint test tokens, and explore DeFi mechanics in a safe testing environment. The team noted that the rollout is designed to educate and prepare the community for a full-scale Mainnet DeFi launch where real PI tokens could power transactions and liquidity. They also stated that Pi Network’s vision is to fuel long-term, sustainable Web3 growth through its system designed for utility, apps, and real-world use cases. They added that this vision of steady value appreciation is supported by PI’s infrastructure, KYC-verified global community, Pi wallet and ecosystem apps, .pi Domains, Oi Ad Network, staking, and more. A Deeper Dive Into Pi Network’s DeFi Revolution Pi network’s DeFi expansion, unveiled by founder Dr Chengdiao Fan at the TOKEN2049 global conference in Singapore, represents a strategic pivot toward creating tangible value within its blockchain ecosystem. According to the network’s official blog post, the launch of the Pi DEX and AMM pool will enable the community to build their own DEX and AMM interfaces in a secure testing space. The team noted that this function remains restricted on the Mainnet at this time and is invalid for use or any other purposes. Token creation capabilities on the network will also enable developers to mint test tokens on Pi Testnet, simulating app-level economies, community reward systems, and service-based tokens. When the feature transitions to Mainnet, the blog post highlights that strict guidelines will ensure only utility-driven tokens, not empty incentive mechanisms such as meme coins, are approved. This reduces speculative risks and encourages sustainable growth.

Data shows users on social media are the most bearish toward XRP in six months, a potential setup for a contrarian move in the asset. XRP Positive/Negative Sentiment Has Plunged Recently According to data from analytics firm Santiment, social media FUD around XRP has seen a spike recently. The indicator of relevance here is the “Positive/Negative Sentiment,” which tells us about how the bullish and bearish sentiments related to the coin compare on the major social media platforms. The metric works by first going through posts/messages/threads on these platforms to separate those that contain mentions of the asset. It then puts them through a machine-learning model to divide between positive and negative comments. Finally, it takes the ratio between the counts of each category to find the net situation. Now, here is the chart shared by Santiment that shows the trend in the Positive/Negative Sentiment for XRP over the past month: As displayed in the above graph, the XRP Positive/Negative Sentiment fell to a low of 0.74 a couple of days back, implying bearish comments were notably outpacing bullish ones. The metric followed up with some recovery, but it lasted only briefly as the latest value has again indicated a dominant negative sentiment, with the ratio standing at 0.86. This latest wave of FUD around the asset on social media is the strongest since six months ago, when Donald Trump’s tariffs shook the market. If history is anything to go by, though, the bearish sentiment among retail traders could actually turn out to be a positive for the cryptocurrency. Digital assets have often tended to move in a way that goes contrary to the expectations of the crowd. This means that when the investors are overly bearish, a bottom can become probable. Given that social media users have been fearful toward XRP for two out of the last three days, it’s possible that a contrarian signal could once again be brewing for it. It now remains to be seen how the asset’s trajectory will look in the coming days, and whether social media sentiment will play a part. In the scenario that XRP does rebound from here, a technical challenge could be waiting for it, as explained by analyst Ali Martinez in an X post. As is visible in the chart shared by Martinez, XRP has potentially been stuck inside a Parallel Channel on the 4-hour timeframe during the last couple of months. The upper boundary of the channel lies at $3.15, which has proven to be a resistance barrier for the coin in this period. “A breakout here could trigger a rally to $3.60!” says the analyst. XRP Price At the time of writing, XRP is floating around $2.97, up over 4% in the last seven days.

Matt Hougan, Bitwise’s Chief Investment Officer, posted a brief, bullish note on social media on Oct 6, 2025, writing “$1 trillion inbound….” Based on reports, that short message kicked off fresh coverage and debate about how large Bitcoin-focused funds could get if current trends continue. Bitcoin was trading near a fresh high at the time, which helped the comment spread quickly. Context Around The Claim Bitcoin hit a new all-time high of $126,080 on Oct 7, 2025. At the same time, data cited by several outlets put global Bitcoin fund assets under management at about $200 billion. Those two figures were used by many market watchers to give the $1 trillion remark context: higher prices + rising fund flows = a much larger market for managed Bitcoin products. Hougan’s post was not a detailed forecast. It was short and informal. According to coverage, many crypto sites simply reposted the message and tied it to recent ETF inflows and renewed institutional interest. The post did not include a timetable or the assumptions required to get from roughly $200 billion to $1 trillion, and the lack of detail left room for analysts to disagree. Market Reactions And Caution Several mainstream outlets treated the remark as bullish but urged caution. Reuters and other outlets pointed out that institutional adoption is still limited when compared to traditional asset classes. According to some analysts, getting to $1 trillion in Bitcoin fund AUM would mean a big, sustained shift by large investors such as pension plans and big wealth managers, not only short-term retail buying or a single strong month of inflows. Simple Math, Big Gaps If global fund AUM is about $200 billion now, reaching $1 trillion would mean a growth of five times that level. That implies adding roughly $800 billion in assets to crypto funds. Those are not small sums. They would require consistent flows over many months or years, plus choices by big institutions to allocate meaningful portions of their portfolios to Bitcoin. What Needs To Happen Analysts say several things would have to happen for that scenario to play out. Based on reports, regulators would need to stay predictable, more large money managers would have to offer and scale Bitcoin products, and major institutional investors would have to shift part of their capital toward these funds. Hougan’s short message has, at minimum, renewed a public conversation about how big Bitcoin investment products might become. Featured image from Wallpapers.com, chart from TradingView

South African miner Sibanye-Stillwater (JSE: SSW, NYSE: SBSW) has taken another step in its decarbonization journey with the achievement of commercial operation at the Springbok solar photovoltaic project. Situated in Free State Province, Springbok represents Sibanye’s first solar wheeling project, and the second renewable energy project supplying its mine operations to reach commercial operation this year. The 150 megawatt alternating current (representing 195 MWp in peak direct current) solar project is developed and financed by the SOLA Group, a South African independent power producer. Sibanye is an anchor off-taker of the project and will procure 75MW (50%) of the plant’s capacity for a 10-year period, with an option to extend the duration through a power purchase agreement with SOLA. Key benefits of the solar project, according to Sibanye, include cost savings relative to prevailing state-owned Eskom utility rates and escalating at consumer price index (CPI), resulting in expected yearly cost savings of more than R60 million across its South African operations. In addition, the company expects the Springbok project to generate approximately 4% of its annual energy requirements in South Africa and result in the immediate reduction of 229,000 tonnes of carbon dioxide equivalent (3.6% of group Scope 1 and 2 emissions) each year. The start of commercial operations at Springbok is a “further milestone in the establishment of its portfolio of privately developed renewable energy projects,” Sibanye stated in a press release. “This is the second project to achieve commercial operation in our 407MW portfolio of contracted renewable energy projects, contributing to our goal of achieving carbon neutrality by 2040,” Richard Stewart, Sibanye’s CEO, said. In April, the company also started operations at the 89MW Castle wind farm. Together, the two projects have brought 164MW of renewable energy projects involving Sibanye-Stillwater online in 2025, Sibanye said.

In the previous two reviews, we discussed why a strong euro is unfavorable for both the European Union and the European Central Bank, which, unlike the Federal Reserve, is not entirely autonomous. The only question that remains is: how can that be addressed? One of the options currently being floated by some economists is further interest rate reductions. Despite inflation in Europe having stabilized around 2%, the ECB may need to continue easing monetary policy solely to weaken the euro. It's true that in 2025, the ECB's "dovish" stance didn't produce a weaker euro — but that had more to do with Donald Trump's policies, which caused global markets to flee the U.S. dollar in a panic. It's difficult to predict whether this strategy will be effective in 2026, as Trump may continue to make decisions that deter markets from investing in the U.S. dollar. But easing remains a possible route if the ECB is unwilling or unable to follow in the footsteps of the Swiss National Bank (SNB), which openly began currency interventions and risked retaliatory sanctions and tariffs from the Trump administration. By the way, the SNB's interest rate currently sits at zero — yet we clearly see that it hasn't stopped the Swiss franc from appreciating. Still, every coin has two sides. Further ECB rate cuts will fuel inflation across the eurozone, something the central bank has spent years trying to tame. This creates a policy dilemma: either live with an expensive euro and deal with lower exports and fresh economic challenges, or aim for a weaker euro at the cost of higher inflation. From all of the above, it's clear that the U.S. is not the only one facing problems. Europe has its own economic troubles — although they are perhaps less apparent. We'll wait to see how far the euro can fall, and how that affects wave structures. Perhaps the ECB won't need to take radical action to stabilize the exchange rate. Ironically, ongoing political instability in France or Germany may actually benefit the ECB, since it reduces demand for the euro. Wave Structure: EUR/USDBased on the analysis of EUR/USD, I conclude that the pair continues forming a bullish wave structure. The current wave count is entirely dependent on the news backdrop, including decisions from Trump and the foreign and domestic policies emerging from the White House. The targets of the ongoing bullish wave may stretch as far as the 1.2500 area. At present, corrective wave 4 appears to be forming — and may already be complete. The upward wave structure remains intact. As such, I am only considering buy positions in the near future. My forecast for year-end is a move toward 1.2245, which corresponds to the 200.0% Fibonacci. Wave Structure: GBP/USDThe wave structure of the GBP/USD pair has evolved. While we are still in the midst of a bullish impulse wave, the internal pattern is becoming unclear. If wave 4 takes the shape of a complex three-wave formation, the overall structure will normalize. However, this would make wave 4 much more complex and extended than wave 2. In my view, the market should now focus on the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed attempts to break this level indicate renewed buying interest. The upside target remains above the 1.3800 zone. Key Principles of My AnalysisWave structures should be simple and clear. Complicated structures are difficult to trade and often unstable.If you're uncertain about what's happening in the market, it's better not to enter.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can and should be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

In the previous review, we discussed the fact that a strong euro is not beneficial to the European Union or the European Central Bank (ECB). Of course, the exchange rate should not be excessively low, as this would undermine trust in the currency on global markets. However, it should not be too high either. In recent months, both ECB President Christine Lagarde and Chief Economist Philip Lane have brought up the issue of the euro's strength, making it clear that the elevated exchange rate is becoming problematic for the EU. Even with trade agreements being signed, Donald Trump's tariffs have contributed to new economic challenges in the bloc. The EU economy has been struggling for years, with sluggish growth rates. Trump's policies reduced exports from the EU to the United States — a major blow to German and French manufacturers, as the U.S. is the world's largest market. When foreign demand drops, production volume must also decline. This, in turn, leads to declining revenue, layoffs, reduced investment, and other undesirable consequences. It's also important to emphasize that France and Germany, together, account for half of the GDP of the European Union. Therefore, when these two countries are in trouble, the entire bloc feels the impact. In addition, the euro has appreciated by 16% against the Chinese yuan over the past three years. This has made Chinese exports to the EU more competitive, reducing demand for European-made goods even within the bloc. Chinese goods have always been attractive due to their low prices. In recent years, quality has improved significantly, while prices have remained stable. The yuan's depreciation against the euro has made Chinese products even more appealing to European consumers. As such, the more expensive the euro becomes, the greater the decline in demand for European products — even locally. The EU has essentially lost the trade war with the United States when Ursula von der Leyen signed what many called an unbearable deal with Donald Trump. Now, the EU is losing ground to China due to the weak yuan. I've already speculated that the ECB may be covertly working to stabilize the euro's exchange rate, although there is no official confirmation of this. It's worth noting that currency targeting is informally discouraged. For example, the Swiss National Bank (SNB) began intervening in the foreign exchange market and immediately came under heavy criticism from Washington. Simply put, if all central banks begin intentionally undervaluing their currencies, it could lead to chaotic monetary policy worldwide. Wave Structure: EUR/USDBased on the analysis of EUR/USD, I conclude that the pair continues forming a bullish wave structure. The current wave count is entirely dependent on the news backdrop, including decisions from Trump and the foreign and domestic policies emerging from the White House. The targets of the ongoing bullish wave may stretch as far as the 1.2500 area. At present, corrective wave 4 appears to be forming — and may already be complete. The upward wave structure remains intact. As such, I am only considering buy positions in the near future. My forecast for year-end is a move toward 1.2245, which corresponds to the 200.0% Fibonacci. Wave Structure: GBP/USDThe wave structure of the GBP/USD pair has evolved. While we are still in the midst of a bullish impulse wave, the internal pattern is becoming unclear. If wave 4 takes the shape of a complex three-wave formation, the overall structure will normalize. However, this would make wave 4 much more complex and extended than wave 2. In my view, the market should now focus on the 1.3341 level, which corresponds to the 127.2% Fibonacci. Two failed attempts to break this level indicate renewed buying interest. The upside target remains above the 1.3800 zone. Key Principles of My AnalysisWave structures should be simple and clear. Complicated structures are difficult to trade and often unstable.If you're uncertain about what's happening in the market, it's better not to enter.There is no such thing as 100% certainty in market direction. Always use protective Stop Loss orders.Wave analysis can and should be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

On Wednesday, October 8, the Reserve Bank of New Zealand (RBNZ) will hold its next monetary policy meeting — the second-to-last meeting of the year. The central bank is widely expected to cut the official cash rate by 25 basis points. This base-case scenario has already been priced into the market, meaning the decision itself is unlikely to cause meaningful volatility in NZD/USD. Instead, attention will shift to the bank's guidance on future policy steps. Back in August, during its previous meeting, there were widespread rumours that the RBNZ might be ready to end its rate-cut cycle following an acceleration in inflation during the second quarter. Analysts were divided on the issue, but the eventual dovish tone of the meeting applied pressure to the New Zealand dollar. Not only did the central bank lower rates, but it also suggested that further easing — possibly one or two more rate cuts — could occur this year. Now, ahead of the October meeting, market participants are again asking whether the central bank will draw a line under the easing cycle or leave it open-ended. Currently, market sentiment is predominantly bearish, so if the RBNZ maintains a dovish tone, it is unlikely to cause a significant market reaction. However, if the central bank unexpectedly questions the need for additional cuts or hints at a pause, the New Zealand dollar is likely to gain strong support. Such an outcome would be a clear surprise. When it comes to inflation, the picture remains uncertain. Unfortunately, New Zealand's consumer price index (CPI) data are published quarterly rather than monthly, which means the RBNZ will be making its decision based on outdated information from the second quarter. The inflation report for the third quarter will be released in mid-October, after the October policy meeting. This could justify a cautious stance from the RBNZ. Policymakers would likely stress that any further decisions on policy easing will depend on forthcoming macroeconomic developments — particularly inflation data. The labor market is in a similar position. For now, the RBNZ only has access to second-quarter data. According to those numbers, the unemployment rate rose to 5.2 percent, which is the highest level in five years, while labor force participation dropped to 70.5 percent — its lowest level since the first quarter of 2021. Underutilization increased to 12.8 percent from a previous reading of 12.4 percent. Taken together, these numbers point to a weakening labor market, where high unemployment is accompanied by increasing underuse of workforce potential. This combination tends to suppress wage growth and reduce price pressures. As for gross domestic product (GDP), recent data showed that New Zealand's economy contracted by 0.9 percent quarter-on-quarter and by 0.6 percent year-on-year. The decline affected the majority of sectors, with manufacturing and construction seeing particularly sharp drops. The services sector hovered near stagnation. However, this data also covers only the second quarter. Third-quarter GDP results will be released later. Overall, the current macroeconomic picture supports another 25-basis-point rate cut at the October meeting. But will the RBNZ provide clear forward guidance about further easing, given the lack of updated economic indicators? Most likely, the central bank will adopt a cautious tone, opting for generalized wording that suggests future decisions will be driven by data. This would effectively mean a "hawkish cut" — an interest rate cut that is already priced in, paired with uncertainty about what comes next. Given the current market expectation of continued dovishness, such a neutral message from the RBNZ could be interpreted in favor of the New Zealand dollar. For example, analysts at Westpac and ASB forecast two more rate cuts this year — one at the October meeting and another in December. Any skepticism about that outlook would be viewed as supportive of the kiwi. From a technical analysis perspective, the NZD/USD currency pair is currently trading between the middle and lower lines of the Bollinger Bands on the daily chart. It is also positioned below the Kumo cloud and between the Tenkan-sen and Kijun-sen lines. If bears manage to break below the key support level of 0.5800 — which corresponds to the Tenkan-sen line on the daily timeframe — the Ichimoku indicator will produce a bearish "Parade of Lines" signal, potentially opening the way toward the lower Bollinger Band level near 0.5740. Conversely, long positions should only be considered once the pair has broken and consolidated above the resistance level of 0.5820. This threshold coincides with the middle Bollinger Band, the top of the Kumo cloud, and the Tenkan-sen and Kijun-sen lines on the four-hour chart. In that bullish scenario, the next main upward target will be 0.5870, which is the lower boundary of the Kumo cloud on the daily chart. The material has been provided by InstaForex Company - www.instaforex.com

Tensions are running high. Donald Trump's patience is wearing thin, and President Emmanuel Macron's authority is beginning to waver. Conflicting comments from the U.S. President have raised doubts about the end of the government shutdown, while the escalating political crisis in France continues to weigh heavily on the EUR/USD exchange rate. Mistakes shouldn't just be acknowledged — they're expected to be corrected, at any cost. Just over a year ago, Macron dissolved the National Assembly and called for snap parliamentary elections. At that time, the spread between French and German bond yields was just over 40 basis points. By October, it had surged to 86 basis points. Since then, France has seen four prime ministers come and go — and appointing a fifth won't fix things. The National Rally (Rassemblement National) party openly claims that current budget negotiations aren't aimed at helping the French people — their goal is to politically bury the President. In their view, dialogue is pointless. Spread Between French and German Bond Yields Both the left and the right are calling for Emmanuel Macron's resignation. They say they'll agree to sign off on a budget — but only if new presidential elections are announced afterward. Parliamentary elections are likely to be won by the National Rally, which would then form a government and further disregard EU fiscal rules. Frexit isn't imminent, but investors are already fleeing France. This is reflected not only in the widening bond spreads but also in the sell-off of the CAC-40 stock index and continued pressure on the EUR/USD currency pair. A glimmer of hope was offered to euro bulls by a recent statement from Donald Trump. The U.S. President said he is open to negotiations with Democrats on healthcare policy. However, he later added that they must first allow the government to reopen. This kind of rhetoric signals growing internal tension within the Republican team. The ongoing shutdown is slowing GDP growth, leading to layoffs and missed payrolls. Public dissatisfaction is on the rise, and Trump's approval ratings are declining. For EUR/USD, the shutdown is currently more of a bearish factor than a bullish one. The longer the U.S. federal government remains closed, the less likely the Fed will feel justified in cutting interest rates. Not only does political uncertainty force the central bank to tread carefully, but key economic data are no longer being released, making decision-making even harder. ECB Forecasts on GDP and Inflation Unless the Fed takes action, the ECB's monetary expansion alone won't help EUR/USD recover. According to Christine Lagarde and other ECB officials, inflation in the eurozone remains "anchored," while tariffs are still hindering the economy, as are rising global competition and a strong euro. However, they expect these negative influences to ease in 2026, allowing GDP growth to pick up again. Technical PictureTechnically, the EUR/USD daily chart had formed a pin bar pattern. However, the pair didn't respond to this classic bullish reversal signal and instead moved in the direction of the long lower shadow — a sign of bearish strength. This validates the decision to stay in short positions initiated from the 1.171 level. The material has been provided by InstaForex Company - www.instaforex.com

The EUR/USD pair remains under pressure despite the ongoing U.S. government shutdown. On Monday, the pair dropped impulsively to the mid-1.16 range but failed to break through the key support level at 1.1650, which corresponds to the lower band of the Bollinger Bands indicator on the daily chart. The trading day ended at 1.1711, and on Tuesday, sellers tried to hold the pair within the 1.16 zone, driven by broad U.S. dollar strength and waning euro demand. With little to focus on in the economic calendar, traders have turned their attention to political and geopolitical news — particularly developments in France and the U.S. shutdown. The unexpected resignation of France's Prime Minister Sebastien Lecornu, who held office for just 27 days (the shortest tenure in modern French history), sent shockwaves through European markets. The euro came under pressure due to concerns that the prolonged political crisis could lead to early parliamentary elections—a scenario in which far-right parties are expected to gain influence, potentially leading to instability across Europe. Given that the euro has reacted sharply to the turmoil, it's important to consider the possible political scenarios: Scenario 1: The appointment of a new Prime Minister, possibly from the left. This would force President Emmanuel Macron to abandon several policy initiatives while avoiding further gains by the far right. This is the most benign and euro-positive outcome.Scenario 2: Snap parliamentary elections. The core problem for Macron is the currently fragmented and divided parliament. Since the last elections, no single party or coalition holds a stable majority, reducing Macron's presidency to a "lame duck" status despite his broad powers. Early elections might not solve this and could even strengthen far-right leader Marine Le Pen's National Rally, which polls suggest could increase their seats from 125 to as many as 230 — still short of a majority but a significant leap in influence.Scenario 3 (less likely): Macron's resignation. Right-wing and some left-wing forces have been calling for a complete overhaul of the government through new presidential and parliamentary elections. Constitutionally, Macron is not eligible to run again in 2027, and he has so far expressed no intention of resigning before completing his term.According to recent reports from Paris, Macron appears to be pushing for Scenario 1. Reports suggest he asked Lecornu to conduct consultations through Wednesday to form a new government. French media speculate that Olivier Faure, leader of the Socialist Party, or one of his allies, may be nominated for Prime Minister, provided that Macron loyalists are given positions in the new cabinet. Should this materialize, the political crisis in France may fade into the background — at least for now. While the crisis won't be resolved, it may stop scaring investors with immediate radical outcomes (though those may still unfold later, when yet another PM potentially resigns). The ongoing shutdown remains a fundamentally bearish factor for the U.S. dollar. Still, somewhat paradoxically, the U.S. Dollar Index has risen for two consecutive days. One could say dollar bulls are grasping at straws, reacting positively to any glimmer of bipartisan negotiation. For example, President Donald Trump recently mentioned that discussions on extending Obamacare health insurance subsidies are "ongoing," and that the Democrats' demands are "being discussed." While this statement was vague and non-committal, the market still responded with renewed dollar strength: the U.S. Dollar Index returned to the 98.00 level, and major USD pairs adjusted accordingly. Despite the current bearish sentiment surrounding EUR/USD, short positions remain a risky strategy. The fundamental foundations supporting a bearish case are themselves unstable. For instance, if Macron appoints a new Prime Minister and Trump escalates the shutdown by firing unpaid government employees, the dollar could come under renewed pressure. Also worth noting: despite intraday bearish momentum, EUR/USD was unable to break below key support at 1.1650 — the lower Bollinger Band on the daily chart. This is a significant technical signal suggesting that short positions could be unreliable at current levels. Therefore, it makes sense to stay out of the market for now. Selling EUR/USD only becomes relevant if the pair breaks and consolidates below 1.1650. Long positions are also not justified, given the ongoing political uncertainty — both regarding the U.S. shutdown and developments in France. The material has been provided by InstaForex Company - www.instaforex.com

Bitcoin supply on exchanges has hit a new low for the first time in six years, providing a bullish outlook for BTC. This comes as the flagship crypto continues to hit new all-time highs (ATHs), with the $130,000 target now in sight. Bitcoin Supply On Exchanges Hit Six-Year Low Glassnode data shows that the Bitcoin supply on exchanges has fallen to a six-year low of around 2.8 million BTC. The last time the BTC balance on exchanges was this low was in June 2019, when the flagship crypto was trading at around $8,745. This development confirms that investors are accumulating Bitcoin at an unprecedented pace. CryptoQuant data also confirms this development, with the Bitcoin exchange reserve currently at 2.5 million BTC, even lower than what is shown on Glassnode’s dashboard. This is bullish for the BTC price, as such massive demand usually precedes a major supply squeeze. Notably, this comes amid an increased demand from institutional investors, with the BTC ETFs recording $3.2 billion in weekly inflows last week, their second-largest since their launch last year. This comes as institutional investors move to Bitcoin as a safe-haven asset as part of the debasement trade during this period of uncertainty caused by the U.S. government shutdown. Thanks to the increased demand, BTC is already up 9% to start this month and rallied to multiple all-time highs amid the ‘Uptober’ rally. The Bitcoin price topped $126,000 for the first time ever yesterday and now looks on course to test the $130,000 milestone. With the massive demand from the BTC ETFs, there is the belief that the flagship crypto could hit this milestone this month. SoSo Value data shows that these funds took in $1.19 billion in net inflows yesterday, their highest daily inflow this year. BTC Could Break Above $130,000 Crypto analyst Titan of Crypto has suggested that Bitcoin is on track to make a new all-time high (ATH) above $130,000. He noted that BTC is testing the same trendline that rejected it a few weeks ago. However, this time around, the weekly MACD is crossing bullish, which could spark the rally above $130,000. His accompanying chart showed that a rally to as high as $140,000 was a possibility if the flagship crypto flips $130,000 into support. Crypto analyst Mikybull Crypto also noted that Bitcoin is currently facing resistance around its current price level, making it a key level to watch. He added that a meaningful breakout above this level will send BTC to between $136,000 and $150,000. At the time of writing, the Bitcoin price is trading at around $124,500, up in the last 24 hours, according to data from CoinMarketCap.

Log in to today's North American session Market wrap for October 7th Today commemorates the second anniversary of the tragic massacre when Hamas soldiers invaded Israel, killing, raping, and kidnapping more than a thousand civilians. Tomorrow will see the biggest meeting of Arab leaders regarding implementing the Trump 20-point Plan, which would impose a ceasefire and achieve a process towards peace in the region for the time to come. The meeting will be held in Sharm el-Sheikh, Egypt, and will include the highest diplomatic delegates from Qatar, Turkey, and Egypt. US Middle East envoy Steve Witkoff will also participate in the meeting and recently landed in Egypt. Turning back to Markets, the cause for these flows isn't known yet, but risk assets saw consequent rejection in today's session, which even caught Gold and Silver in its crosshairs. Some dip-buying mean-reversion higher did lighten sentiment towards the close, but such flows heighten volatility and may scare highly leveraged participants. After suffering strong drops, Bitcoin rallied more than $1,000 from its daily lows, and US indices have followed suit. Recovering above all the preceding peaks would put sentiment back on its high pedestal, but traders might be cautious in the waiting for more data and eventually a re-opening of the US Government. The US Dollar has surprisingly been a big winner of the week, which may have had to play with today's flows (Stops kicking? More to come?) Read More:RBNZ Preview: Why a 50bps Cut is on the TableCrazy crypto week: Digital Markets slide, altcoins under pressureDow Jones (DJ30) cools off all-time highs as US government shutdown rumbles on - Potential targets and price forecastCross-Assets Daily Performance Cross-Asset Daily Performance, October 7, 2025 – Source: TradingView The picture is largely different from yesterday, with Cryptos correcting back sharply from their previous session rise. Gold still finishes up in the past 24 hours despite failing to reach the $4,000 level. Everybody have been mentioning the $4,000 milestone as evident, and reaching it is still of high probability, but markets are such that when something looks obvious, it ends up not happening the same way players expect it. Both Silver and Platinum however are seeing some rejection of their higher levels. For the rest, the US Dollar and US Treasuries did see quite some inflows in today's session and their rise is something to monitor for the coming days. We'll be taking a closer look at the USD tomorrow. A picture of today's performance for major currencies Currency Performance, October 7 – Source: OANDA Labs Today marks another bloody day for the Yen as fiscal concerns still arise in the waiting of the upcoming elections. The only thing saving a nasty outlook for the Japanese currency would be Takaichi sending more hawkish signs, but that wasn't a big part of her political campaign. The gold ounce in Yen denomination spiked at ¥600,000 !! For the rest, North American currencies have made a comeback amid the Trump-Carney meeting that was mentioned in our previous day recap and more direction in USDCAD is sought by traders. The Euro also took a hit for another session with the ongoing nasty political picture in France and disaccordances between EU Nations (particularly Hungary) regarding Ukraine joining the Union. A look at Economic data releasing through tonight and tomorrow's sessions For all market-moving economic releases and events, see the MarketPulse Economic Calendar. The session is far from over for APAC traders, with the RBNZ meeting split between a 25 bps and a 50 bps call, releasing at 21:00 ET – check our recent preview for the event. Despite still indicated, Bank of Japan's Governor Ueda has cancelled his speech that was expected to release tonight with Banque de France's Villeroy. He might be preparing bigger remarks and a plan regarding the newly appointed LDP president. Wednesday will then open with a heavy lineup of ECB and Fed speakers, including Lagarde, Pill, and Goolsbee, before traders turn to the FOMC Minutes (14:00 ET) for deeper insight into the Committee’s latest rate debate. In terms of pure data tomorrow, we will get Eurozone Industrial Production (02:00 ET) and Australia’s Consumer Inflation Expectations (20:00 ET) to round out a packed 24-hour window, potentially adding volatility to EUR and AUD pairs. Keep an eye on headlines from the Arab Summit. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

Ethereum (ETH) is trading at critical levels after a sharp rally from $3,800 to $4,700 in just a few days, marking one of its strongest moves in recent months. The swift rebound highlights renewed strength from bulls, who now appear firmly in control of the market’s short-term direction. As ETH approaches key resistance zones, analysts are closely watching whether the second-largest cryptocurrency can sustain its momentum and confirm a breakout above the current range. This impressive move is not just driven by market sentiment but also by robust on-chain fundamentals. Institutional participation in Ethereum continues to rise, with inflows from funds and treasuries steadily increasing over the past weeks. Meanwhile, staking activity remains high, suggesting that long-term investors are showing confidence in ETH’s network security and yield potential despite volatility in broader markets. The combination of growing institutional demand and sustained staking confidence provides a solid foundation for Ethereum’s next phase of growth. If bulls maintain control and price holds above $4,500, analysts believe ETH could be gearing up for another leg higher, potentially entering a new expansion cycle as the broader crypto market follows Bitcoin’s renewed bullish momentum. Grayscale Stakes $150M in Ethereum According to onchain data from Lookonchain, Grayscale (ETHE and ETH ETF) staked 32,000 ETH, worth approximately $150.56 million, earlier today. This move represents one of the largest institutional staking transactions in recent weeks and signals growing confidence among major players in Ethereum’s long-term value proposition. The decision to allocate such a significant amount of ETH to staking underscores the continued institutional belief in Ethereum’s dual role as both a technology platform and a yield-generating asset. Staking Ethereum locks coins within the network, effectively reducing liquid supply while contributing to network security and stability. When large holders like Grayscale commit such capital, it demonstrates conviction in the sustainability of Ethereum’s staking economy and its role within future financial infrastructure. Analysts interpret this as a strong bullish signal, especially amid rising institutional demand for tokenized assets and DeFi exposure built on the Ethereum network. Moreover, Grayscale’s move aligns with the broader trend of institutional staking growth, where funds and asset managers increasingly leverage staking yields as an alternative income strategy. This reinforces Ethereum’s position as the backbone of decentralized finance and a key component of institutional crypto portfolios. Combined with renewed bullish sentiment across the crypto market, Grayscale’s staking decision adds weight to the narrative that Ethereum remains undervalued relative to its fundamental strength and adoption. If momentum sustains, this event could mark the beginning of a new accumulation phase — one driven not by speculation, but by institutional conviction in Ethereum’s evolving economic and technological dominance. Bulls Regain Momentum Above $4,600 Ethereum is currently trading around $4,688, showing renewed bullish strength after a sharp recovery from the $3,800 region earlier this month. The chart highlights a clear upward structure, with ETH reclaiming both the 50-day and 100-day moving averages, confirming a short-term trend reversal. Buyers have regained control, and the price now approaches the critical resistance zone between $4,700 and $4,800, which previously marked a major rejection area in late August. A decisive daily close above $4,700 could pave the way for a test of $5,000, potentially leading to a new phase of price discovery if momentum holds. The sustained higher lows since late September further indicate accumulation rather than distribution, suggesting that investors are positioning for continuation rather than taking profits. From a broader perspective, Ethereum’s recent surge coincides with Bitcoin’s move above all-time highs and growing institutional participation. This correlation, combined with Grayscale’s recent 32,000 ETH stake, reinforces the bullish case for ETH’s medium-term outlook. However, short-term traders should monitor the $4,400 support, as a breakdown below this level could delay further upside. Overall, Ethereum’s technical structure looks strong, with clear momentum and market confidence returning as it eyes another breakout attempt. Featured image from ChatGPT, chart from TradingView.com

Bitcoin (BTC), the leading cryptocurrency, has made headlines this week by consistently breaking all-time highs, recently surpassing the $126,000 mark for the first time. However, the current price action has not only drawn attention from investors but also reignited discussions surrounding a notable prediction made two years ago. An anonymous user had forecasted that Bitcoin would achieve a peak on October 6, 2025—a prediction that came to fruition just yesterday. Potential New Bear Market Ahead Despite this milestone, Bitcoin has retraced to around $121,000 within hours after today’s record, leading to a wave of liquidations from long positions across various exchanges. This rapid price fluctuation has led many to speculate that the recent peak could potentially mark the cycle’s all-time high, suggesting that Bitcoin might soon enter a new bear market phase. The prediction made in December 2023 posits that if historical patterns hold true, the bear market low is expected to occur precisely 364 days later. This theory has gained traction amidst today’s volatility, with experts warning that a shift in market sentiment could be imminent. Market analyst Doctor Profit has recently cautioned that despite the current bullish trend, the market is entering a precarious phase. He noted that while there is a prevailing sense of euphoria, underlying financial indicators are signaling a potential liquidity crisis. Highlighting the current situation, Doctor Profit pointed to the Reverse Repo (RRP) market, which has plummeted from a peak of $2.2 trillion in mid-2022 to a mere $8–10 billion today. This decline raises concerns about the stability of interbank liquidity, suggesting that the financial system may soon face significant dislocations if the RRP continues to dry up. Historical parallels from 2018, 2019, and 2023 indicate that such liquidity issues often precede major market corrections. Moreover, US banks are reportedly grappling with approximately $395 billion in unrealized losses as of the second quarter of the year, putting additional pressure on their balance sheets. Expert Sounds The Bitcoin Alarm In the crypto space, recent trends reveal substantial inflows into exchange-traded funds (ETFs), with firms like BlackRock contributing over $1 billion in Bitcoin and $200 million in Ethereum just last week. However, Doctor Profit contends that the market’s broader liquidity picture remains concerning. While retail traders are expressing optimism about a “liquidity flood,” the expert cautions that the influx of cash into money market funds could actually drain liquidity from broader markets rather than enhance it. The current market environment is also characterized by a notable uptick in insider selling, according to the expert’s broader landscape analysis, in which executives are reportedly offloading shares at an unprecedented rate, even as retail investor inflows surge. The expert believes that this alleged market manipulation often signals a market cycle peak, creating what he believes “a highly toxic mix” that could have adverse implications for future price movements. In conclusion, Doctor Profit notes that the overall sentiment paints a bearish picture at a macro level. Both the crypto and stock markets are seen as being at an increased risk of entering a bear market after the fourth quarter. Featured image from DALL-E, chart from TradingView.com

It seems that Crypto Markets are caught in the middle of lunatic flows. Just yesterday, record Bitcoin prices were making headlines, with the rest of the digital asset market following suit. But today, things took a sharp U-turn to the downside — with most altcoins getting rejected harshly after what looked like the start of another euphoric leg higher. Mentioned in yesterday’s article on the crypto initiator, Bitcoin is trading around the $121,000 technical level and may soon test the $120,000 psychological support, a zone that could trigger renewed anxiety among late buyers who chased the highs. The total crypto market cap, which had broken new records by roughly $100 billion, has now swung the other way — down about 4% (or $170B) on the day. Total Crypto Market Cap, October 7, 2025 – Source: TradingView That reversal is weighing heavily on smaller coins, many of which got bamboozled by the ecstatic momentum just 24 hours earlier. Daily overview of the Crypto Market, October 7, 2025 – Source: Finviz The picture is bloody! While sentiment might take a hit from the sudden volatility, the broader picture remains constructive. Most altcoins are still hovering near their cycle highs, showing no clear signs of capitulation — at least not yet. Let's watch levels for a few altcoins, namely: ETH, SOL, XRP and BNB (one of the only winners of the current sessions). Altcoins intraday chart analysisEthereum (ETH) 8H Chart ETH 8H Chart, October 7, 2025 – Source: TradingView Since our previous analysis of the second largest crypto, Ethereum broke to the upside after a huge and sudden rally. However, as prices reached the ATH resistance (between $4,750 to $4,950), sellers came in strong taking the crypto down 6.50%, also breaking the steep upward trendline. This gives an overall rangy picture for Ethereum for the second time since July, with sideways action not being as bad as an overall downtrend. Let's see how sentiment evolves throughout the week for cryptos and if buyers step in at support ($4,300 is the next key level in line). Levels to place on your ETH Charts: Support Levels: $4,200 to $4,300 consolidation Zone$4,000 to $4,095 Main Long-run Pivot$3,900 8H MA 200$3,500 Main Support ZoneResistance Levels: $4,753 Daily highs$4,950 Current new All-time highs$4,700 to $4,950 All-time high resistance zonePotential main resistance $5,230 Fibonacci extensionSolana (SOL) 8H Chart SOL 8H Chart, October 7, 2025 – Source: TradingView Failing to break the upper bound of the upward channel with a triple retest, the picture for the third largest crypto could be bleak. The intermediate high came at $237 which fails to surpass the $253 peak reached in end-September. A lower high hence has to be taken into account, despite a very strong performance from Solana. It seems that a broad positive mood will be required to breach new highs, with buyers now having to break above the $237 level for better technical prospects. Also, watch reactions at the pivot zone currently getting tested. Rejecting higher means a simple correction, while breaking lower would entice more profit-taking. Levels to keep on your SOL Charts: Support Levels: Resistance turned pivot level $218 to $220Support zone $200 to $205Recent lows $191$185 higher timeframe momentum supportResistance Levels: $237 Most recent highs$235 to $240 mini-resistance and Higher bound of channel$250 to $255 main resistance$290 to $300 all-time high resistance ($295 ATH)XRP 8H Chart XRP 8H Chart, October 7, 2025 – Source: TradingView The Ripple is still stuck in its $2.70 to $3.20 range, with sideways action dominating the charts and rejecting a breakout hypothesis. This chart is an example of why some traders and analysts prefer to watch support and resistance levels break rather than trendline, however, both can be valid and heavily depend on the price action and trend. Prices are now testing the $2.80 Support and reactions there will also have to be watched closely, with the 8H RSI moving in the bearish territory. Levels to keep on your XRP Charts: Support Levels: $2.80 mini support (immediately testing)Main Support - $2.60 to $2.70Next key support between $2.20 to $2.30Resistance Levels: $3.00 Major Pivot Zone$3.10 to $3.20 resistancePrevious all-time Highs - $3.39Current ATH resistance around $3.66BNB 8H Chart BNB 8H Chart, October 7, 2025 – Source: TradingView Binance's coin is moving exponentially higher and holding the market together as it seems. BNB has almost doubled in value since the beginning of July and its rise looks like one of a memecoin, although its fundamentals are actually solid. Then again, the rest is to see if it can consolidate at current elevated levels and establish itself as another crypto that is valued above $1,000 on the longer run. Keep an eye if bulls can close today's session above $1,300 and if they manage to break a new record throughout this week to maintain its very bullish trend. Also keep in mind that BNB tends to be a late cycle bloomer, but also holds a strong role in the overall crypto market growth during the mid-cycle. Levels to keep on your BNB Charts: Support Levels: Short timeframe Pivot Zone $1,200$1,000 Major higher timeframe Pivot, acting as support$790 to $850 Key Support$690 to $720 Major Support at 2021 highsResistance Levels: $1,374 Current ATH and Daily record$1,475 Fib-Extension potential resistance Keep your mind and eyes open as volatility is back on the table. Safe Trades! Follow Elior on Twitter/X for additional Market News, Insights and Interactions @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

The Japanese yen has reached its lowest level against the U.S. dollar since early August, maintaining the groundwork for further declines. The unexpected results of the elections in Japan are pushing the country toward expansionary fiscal policy, complicating the Bank of Japan's task of controlling inflation and stimulating the economy. In addition, market participants have already started to factor in the likelihood of a rate hike by the Bank of Japan by the end of the month, which explains the yen's weak position. Asian stock indices continue to follow Wall Street's rally. This further undermines the yen's role as a safe-haven asset. Meanwhile, data published in Japan showed that household spending in August grew faster than forecast, indicating the need for tighter monetary policy by the regulator and providing some support to the yen. At the same time, expectations of a dovish Federal Reserve policy are slowing the U.S. dollar's strengthening, limiting the upward momentum of USD/JPY. According to Japan's Ministry of Internal Affairs, household spending in August rose by 2.3% year-over-year, marking growth for the fourth consecutive month. These results confirm the Bank of Japan's intention to continue raising rates, despite the election of Sanae Takaichi as the leader of the Liberal Democratic Party (LDP). Takaichi, who advocates large-scale budget spending, is set to become Japan's first female prime minister after the parliamentary session in mid-October. Such expectations increase pressure on the central bank and contribute to further yen weakness. On Monday, the Nasdaq and S&P 500 indexes reached new all-time highs, fueling investor interest ahead of the Q3 corporate earnings season. Japan's Nikkei 225 index also hit a fresh high, and in the context of anticipated more active economic policy, this is undermining the position of the Japanese currency. The U.S. dollar is recovering after pulling back from its September peak, thereby pushing USD/JPY toward new highs last seen in August. At the same time, market participants lack the conviction to extend the dollar's rally due to expectations of Fed rate cuts. According to CME's FedWatch data, the chances of a 25-basis-point rate cut by the Fed in October and December stand at around 95% and 84%, respectively. In addition, concerns about a prolonged U.S. government shutdown are limiting the growth potential of both the dollar and the USD/JPY pair. The U.S. federal government has remained shut down for six consecutive days, while the Senate adjourned without reaching a budget agreement. Democrats rejected the Republicans' spending bill, demanding continued healthcare subsidies for the population. This week, markets await speeches from key FOMC members, particularly Fed Chair Jerome Powell on Thursday. On Wednesday, the release of the meeting minutes may shed light on potential rate cuts amid economic risks—an event that will influence the dynamics of the U.S. dollar and the USD/JPY pair. From a technical perspective, yesterday's breakout of the psychological level of 150.00 favors the bulls. Moreover, oscillators on the daily chart remain in positive territory, indicating that the path of least resistance for spot prices is upward. What's more, prices have already broken the August high around 151.00. On the other hand, corrective pullbacks are likely to find solid support at the 150.70 and 151.00 levels. The material has been provided by InstaForex Company - www.instaforex.com

Crypto analyst Barri C believes the XRP price could soon undergo a significant market movement. He says the chart pattern now resembles almost precisely what it did years ago, before XRP experienced its most notable price surge. The analyst thinks the market is repeating the same setup that once sent XRP soaring, and this could push the price to much higher levels in the coming months as trading activity and excitement build again. Analyst Says XRP Price Market Structure Mirrors 2017 Setup Barri C said that the XRP market is repeating what it did in 2017 before its sharp rise. Back then, the token’s price went from about $0.006 to between $3 and $3.80 in less than a year. The analyst explained that XRP now appears to be forming a similar pattern again in 2025. The market is undergoing a period of quiet growth, where prices are holding strong and interest is slowly returning. Barri C believes these signals indicate that XRP may be establishing a new base for a bullish breakout. According to him, the overall structure of the market, including price trends and investor behavior, mirrors that earlier setup almost perfectly. The analyst notes that this repetition suggests another strong rally is on the horizon, as history often repeats itself because traders tend to react to similar signals and emotions each cycle. That is why he views this as a crucial moment for XRP holders who may be waiting for the next upward move. Barri C thinks the current phase is not random but part of a long-term pattern that could soon push XRP sharply higher. Once momentum builds, the XRP price rally could happen quickly and take many by surprise. Barri C Predicts Parabolic XRP Surge To Between $3 And $1,000 In his outlook, Barri C predicts that XRP could experience a parabolic rise in the coming months if the 2017-style pattern unfolds entirely, revealing several possible price outcomes. He said XRP could move from $3 to $100, then reach $300, and climb toward $750 or $1,000 if market conditions remain strong. Barri C explained that these numbers follow the same type of percentage growth XRP achieved during its earlier bull run. The 2017 rally proved how quickly the XRP price could move when excitement and trading volume increase simultaneously. He believes that the same kind of energy could return now that the market is showing similar signals. The idea is that if XRP truly repeats its past behavior, another huge rise is possible. As the market heads into 2025 and 2026, Barri C says all eyes will be on whether XRP can once again repeat its historic move and reach new all-time highs.

Cooling from all-time highs, the Dow Jones (DJ30) trades 0.33% lower in today’s session, at around $46,594. Having found support early August, US equities have staged a formidable rally since, despite a somewhat questionable cocktail of macroeconomic themes. As always, let’s review some macro themes impacting US equity markets, and importantly, consider some potential price targets for this week’s trading. Dow Jones (DJ30): Key takeaways 07/10/2025 Staging an impressive rally despite a dubious fundamental outlook, the Dow Jones is retracing from all-time highs in today’s trading, with Caterpillar (CAT), Nike (NKE), and Salesforce (CRM) amongst the worst-performing constituentsDespite some downside in today’s session, sentiment on US equities remains generally positive, with complications to Fed monetary policy brought about by the US government shutdown positive for equity markets, somewhat counterintuitivelyOtherwise, political uncertainty in major world economies, most notably Japan and France, is encouraging risk-averse investors to seek alternative forms of investment, somewhat benefiting US equities Read more of today’s MarketPulse coverage: RBNZ Preview: Why a 50bps Cut is on the Table Dow Jones 30 (US30USD), S&P 500 (SPX500USD) and Nasdaq-100 (NAS100USD) YTD, OANDA, TradingView, 07/10/2025 Dow Jones 30 retraces from all-time highs, snapping a six-day bullish streak Despite the best efforts of ballooning sovereign debt, an ongoing government shutdown, and stock valuations rivalling the .com bubble, US equities remain at the highs While the hive mind of the market is not typically known for its ultimate rationality in decision-making, the recent rally in US equity prices, including the Dow Jones, cannot be ignored. Although prices have cooled somewhat, seemingly due to technical selling, all three major US indices, the Dow Jones 30, S&P 500, and Nasdaq-100, have recently posted all-time highs. Let’s take a look at the major fundamental themes at play this week: US government shutdown: As a precursor to the following theme, the US government shutdown should, at least in a vacuum, spell trouble for the current rally in equity pricing. Adding to market uncertainty, undermining confidence in the US government, and suspending non-essential government services, none of these outcomes would typically be viewed as a reason to hold US equities over an alternative. S&P 500 historical price-to-earnings (P/E) ratio, Macrotrends, 07/10/2025 Fair to say, however, this has not been the case since Tuesday’s shutdown announcement, with prices renewing all-time highs since. Market conviction on Federal Reserve easing path: While the notion that the Federal Reserve is becoming increasingly dovish is a pre-existing narrative, one of the many knock-on effects of the US government shutdown is further complications to Fed monetary policy. CME FedWatch, 06/10/2025 Nailing their colours to the mast in 2025 and committing to following objective data when making rate decisions, the current government shutdown has suspended all collection and reporting of economic data by federal agencies, putting the Federal Reserve in a difficult position. Naturally, it’s challenging to balance the dual mandate of stable pricing and employment when the most recent figures, particularly regarding their reaction to September’s 25-basis-point cut, are entirely unknown. Ultimately, markets are predicting that a lack of economic data will force the Fed’s hand into performing a second back-to-back interest rate cut, especially considering that September’s NFP report left much to be desired, an outcome Fed Chair Powell will be keen to avoid repeating. This holds true especially when considering that ADP payrolls, serving as our most recent and reliable private sector gauge of the US labor market, painted a less-than-stellar picture, losing 32,000 jobs in September. As for US equities, we can consider any suggestion that rates will be lowered in upcoming decisions as positive for pricing, adding some rationale to recent upside. Rising political uncertainty in major economies: As a brief aside, the change of leadership in Japan and the recent resignation of the French prime minister are contributing to global political uncertainty. While I’m hesitant to say the United States equity market has entirely maintained its prestige as a global safe haven in recent memory, we can expect substantial political changes in key world economies to inspire risk-averse investors to seek alternative forms of investment, offering a minor boost to US equity pricing. Dow Jones 30 (US30USD), Nikkei 225 (JP225USD) and CAC 40 (FR40EUR), OANDA, TradingView, 07/10/2025 Dow Jones 30 (DJ30): Technical Analysis 07/10/2025 Let’s now direct our focus to market technicals, starting with the daily, and then concluding with the four-hourly. Dow Jones 30 (DJ30): Daily (D1) chart analysis (07/10/2025): Dow Jones 30 (US30USD) D1, OANDA, TradingView, 07/10/2025 With a crossover of the 9 and 21-period moving averages marking the start of the current uptrend, the Dow Jones trades are almost 4.00% higher since. While the price trades above the current trend line, we are approaching the upper limits of the 20-period Bollinger band, which, so far, correctly suggested that the price needs to retrace towards the baseline before a move higher. From a technical perspective, if support can be maintained at $46,650, further upside can be expected in the near term. Price targets and support/resistance levels: Price target 1: 78.6% Fib: $47,100Support 1: Previous high: $46,450Support 2: Consolidation: $45,642Dow Jones 30 (DJ30): Four-hourly (H4) chart analysis (07/10/2025): Dow Jones 30 (US30USD) H4, OANDA, TradingView, 07/10/2025 For those with a passion for technical analysis, the H4 Dow Jones chart is a textbook example of a stairstep pattern, providing those with a keen eye plenty of opportunity to get long. Price targets and support/resistance levels: Price target 1: All-time high: $47,102Support 1: Previous swing high: $46,508Support 2: Bottom of consolidation: $46,157 At current, price looks for support at the trendline, but may slide lower to the lower limit of the 20-period Bollinger band if support can not be found. To the upside, a clear target would be the previous high of $47,102, although some may view $47,000 as a logical exit point. Read more from MarketPulse: Risk-off session: What's going on in markets? Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.

OnlyFans and junior mining should have nothing in common. At least not on the surface. One sells sexual fantasy; the other sells geology. Yet both rely on the same three currencies: attention, trust, and connection. OnlyFans figured that out early. It didn’t become a multibillion-dollar success through slick production or cinematic polish. It exploded because it felt personal. The platform replaced the distance of old-school celebrity with a sense of raw access. Subscribers weren’t paying for content — they were paying for connection. That success offers a valuable lesson for a junior mining sector still communicating like it’s 1998. Most junior miners remain trapped in the false comfort of “professionalism.” They believe credibility comes from perfect slide decks, polished videos, and corporate boilerplate. Every update sounds like it was drafted by a cross between the general counsel and a corporate auditor — precise, sanitized, and lifeless. But professionalism isn’t authenticity, and retail investors can tell the difference instantly. The market no longer craves polish; it’s starving for personality. Retail investors, especially younger ones, don’t want CEOs acting like stuffy bankers with inflated résumés. They want them to act like humans. They want scuffed boots on-site, not staged interviews. They want honesty about setbacks as much as successes. Transparency is the new credibility. When every other company sounds like a PowerPoint presentation full of clichés, the first one to sound human will win. OnlyFans lesson OnlyFans flipped the traditional model of distance and mystery on its head. Its creators built loyalty not through flawless imagery but through proximity. They shared unfiltered glimpses of themselves, and that intimacy built trust. Fans became patrons; patrons became loyalists. Junior miners should do the same. Not by shedding clothes (please, none of us want to see that!), but by shedding corporate formality. Investors don’t need another drone flyover with cinematic music. They need a 45-second handheld clip of the CEO on-site saying, “Here’s what we found, here’s what it means, and here’s what keeps me up at night.” That kind of openness isn’t a gimmick. It’s what turns attention into trust. Removing walls Models on OnlyFans remove their clothes. Junior mining companies need to remove their walls, , particularly the ones separating the boardroom from the field, the C-suite from the chatroom, the company from its community. Stop treating retail investors like an audience to placate. Start treating them like a community to engage. That means unscripted access to what’s really happening — not just through press releases, but through quick, human touchpoints: a smartphone video from the field, a short Q&A after an assay drop, a candid tweet about a delay instead of burying it in the MD&A. Compliance matters, but there’s still ample room to connect authentically. From shareholders to super-fans The goal isn’t just to attract retail dollars. It’s to turn shareholders into evangelists. Those evangelists carry the company’s story to the farthest corners of social media. That transformation happens when investors start referring to the company as “we” instead of “they.” When inside jokes emerge. When the company’s story becomes a shared one. The companies that thrive, even in tough markets, aren’t just better operators or explorers; they’re better communicators. They treat retail investors like peers, not prospects. Every post, every update, every unpolished moment compounds into brand equity that even a weak quarter can’t erase. Investors forgive mistakes when they believe in the messenger. New definition of professional Professionalism used to mean polish. Now it means presence. The most credible executives today are those who make retail investors feel like insiders, not spectators. You don’t need a marketing agency. You need a phone, a voice, and the courage to be real. Authenticity doesn’t replace technical competence, it amplifies it. Just like OnlyFans proved, those who dare to show more of themselves build the deepest loyalty. Because at the end of the day, the market isn’t looking for perfection. It’s looking for a pulse. * Erik Groves is Corporate Strategy and In-House Counsel at Morgan Companies.

At first glance, it may seem logical that the euro should be falling due to the political crisis in France. However, in my opinion, this is not such an important event. The French government has not been dissolved, and replacing prime ministers or resigning from office is not prohibited. For example, why didn't the market react as strongly to the resignation of Adriana Kugler from the Fed or Erika McEntarfer from the U.S. Bureau of Labor Statistics? In my view, these departures are much more significant than yet another change of prime minister in France. It is worth remembering that in the foreign exchange market, the fate of many currencies depends precisely on the dollar. The dollar rose for nearly two decades simply because it was rising. Today, the euro, the pound, and other currencies are increasing not because they are fundamentally strong, but because the dollar is weakening. Of course, the euro and the pound show some independence, but the dollar remains the backbone of the global financial system. And the Fed, with its ability to influence the dollar, remains the world's most important central bank—even though, strictly speaking, it is not a central bank, but an independent institution performing central bank functions. Given all of the above, I find it strange to see the euro declining if the U.S. news background remains negative and the wave structure points to the continuation of an upward trend. The U.S. government shutdown has far more importance for the dollar (and therefore for the euro as well) than the French crisis, which will end sooner or later. That is why I am beginning to wonder whether the ECB has started conducting hidden currency interventions aimed at weakening the euro. It is no secret that many central banks around the world (especially those in export-driven economies) benefit from a weaker national currency. The lower the exchange rate, the higher the demand for their exported goods and services abroad. The European Union is no exception. For instance, the Swiss National Bank has already begun interventions to counteract the rapidly appreciating franc. It is entirely possible that the ECB has also started selling euros or buying dollars in order to increase the supply of the former and reduce the supply of the latter. Meanwhile, many around the world are left wondering why the dollar is rising in 2025, when it had only been declining throughout the year. Wave Pattern for EUR/USD: Based on the EUR/USD analysis, I conclude that the instrument continues to build an upward trend segment. The wave pattern still depends entirely on the news background tied to Trump's decisions, as well as the foreign and domestic policies of the new White House Administration. The targets for the current segment may extend up to the 1.25 level. At present, corrective wave 4 is unfolding, and it may already be complete. The upward wave structure remains valid. Therefore, in the near term, I am only considering buying opportunities. By year-end, I expect the euro to rise to the 1.2245 level, which corresponds to 200.0% on the Fibonacci scale. Wave Pattern for GBP/USD: The wave pattern for GBP/USD has changed. We are still dealing with an upward, impulsive trend segment, but its internal wave structure has become unreadable. If wave 4 takes on a complex three-wave form, the structure will normalize, but in this case, wave 4 will turn out to be much more complex and longer than wave 2. In my opinion, it is best to use the 1.3341 level as a reference point, which corresponds to 127.2% on the Fibonacci scale. Two failed attempts to break through this level indicated the market's readiness for new buying. The instrument's targets still remain no lower than the 1.38 level. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often bring changes.If there is no confidence in the market situation, it is better to stay out.Absolute certainty about market direction never exists and never will. Don't forget protective Stop Loss orders.Wave analysis can be combined with other forms of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

XRP’s price history and trajectory have always caused debates among cryptocurrency enthusiasts, especially when compared to Bitcoin’s growth. Bitcoin has soared more than sixfold in the past seven years, but XRP is still trading around $3.02, roughly the same level it was trading at in early 2018. This comparison recently resurfaced in a post by analyst Adam Livingston on the social media platform X, who pointed out that XRP’s lack of progress stands in stark contrast to Bitcoin’s 608% surge during the same period. In response, Digital Asset Investor, a well-known voice in the XRP community, explained that the stagnation isn’t a coincidence but the result of years of regulatory imbalance, one that is finally about to end. Regulatory Monopoly And The Bitcoin Advantage Digital Asset Investor’s post talked on what he described as regulatory capture, which gave Bitcoin a free pass from oversight while XRP was entangled in a five-year legal battle with the US SEC. According to the analyst, Bitcoin’s dominance in the crypto market was supported by a regulatory monopoly built on ambiguity surrounding its creator, Satoshi Nakamoto. The analyst pointed out that even though there exists a video of a Homeland Security agent claiming to have met with “the four Satoshis,” regulators acted as if Bitcoin’s origins were a mystery. This, according to him, allowed Bitcoin to grow unchecked while other cryptocurrencies, including XRP, faced crippling restrictions. XRP was effectively frozen out of much of the US crypto ecosystem when the SEC filed its lawsuit against Ripple in December 2020, accusing it of selling unregistered securities. Major exchanges in the US delisted it, and investors in the US did not have access to XRP. During this time, Bitcoin and Ethereum enjoyed regulatory clarity as non-securities and attracted institutional inflows and ETF developments that XRP could only watch from the sidelines. According to the analyst, this unequal treatment was not accidental but rather part of a regulatory agenda that kept XRP from participating fully in the crypto market’s growth phase. He noted that had XRP not been under legal attack, its price trajectory could have followed Bitcoin’s or even outpaced it due to its use case in cross-border settlements and real-world utility. Why Everything Is About To Change According to Digital Asset Investor, the tide is turning. He stated that upcoming legislation in the US is about to dismantle the regulatory monopoly that Bitcoin has long benefited from. New laws, particularly those addressing digital asset classification and market structure, are expected to create a level playing field for all cryptocurrencies, including XRP. “The regulatory level playing field that the Bitcoin Maxis have dreaded cometh,” he wrote. If this happens, XRP will not only close the performance gap with Bitcoin but also go on its own era of growth, as we have seen in the past year or so. XRP is no longer classified as a security, and the Ripple-SEC lawsuit is now finally over. At the time of writing, XRP is trading at $2.97.

The wave pattern on the 4-hour chart for EUR/USD has remained unchanged for several months, but in recent weeks it has taken on a more complex form. It is still too early to conclude that the upward trend segment has been canceled, but another decline in the European currency would require adjustments. The construction of the upward trend segment continues, and the news background continues to support mostly not the dollar. The trade war initiated by Donald Trump is ongoing. The confrontation with the Fed is ongoing. The market's "dovish" expectations regarding the Fed's rate are growing. The U.S. has entered a government "shutdown." The market holds a very low view of Donald Trump's first 7–8 months in office, even though economic growth in the second quarter was nearly 4%. At this time, we can assume that impulse wave 5 is still under construction, with potential targets reaching as high as the 1.25 level. Within this wave, the structure is rather complex and ambiguous, but at the higher scale it raises no particular questions. Currently, three upward waves can be identified, meaning the instrument is building wave 4 within 5, which has taken a three-wave form and may already be complete. The EUR/USD rate declined by 45 basis points by the beginning of the U.S. session on Tuesday. Let me remind you that yesterday began with a drop of 100 points, most of which the euro recovered by the end of the day. I do not rule out the possibility that today's bearish impulse will also fail to develop further in the second half of the day. The news background yesterday and today mostly concerned political events. There were no significant economic events or reports. Two speeches by Christine Lagarde followed the same scenario—without important statements. Earlier, Ms. Lagarde had already stated that the ECB is satisfied with the current level of inflation, as well as with the parameters of monetary policy, effectively putting an end to market expectations of rate cuts by the end of the year. Thus, this issue can be considered closed. Meanwhile, in France, a new political crisis erupted this week. Prime Minister Sebastien Lecornu resigned after only 27 days in office, marking the fifth prime ministerial resignation in the past two years. The market interpreted this as an alarming signal, while the media is full of headlines about a political crisis in France. Since no significant news about the U.S. "shutdown" is coming in, the market has shifted its attention to Europe—something that has not happened for quite a long time. Let me remind you that almost all movements this year have been driven by Donald Trump's policies, i.e., U.S. news. Most of the time, the euro has been playing the role of a silent observer, passively accepting its fate. General ConclusionsBased on the EUR/USD analysis, I conclude that the instrument continues to build an upward trend segment. The wave structure still entirely depends on the news background linked to Trump's decisions, as well as the foreign and domestic policies of the new White House Administration. The targets for the current trend segment may extend up to the 1.25 level. At present, a corrective wave 4 is under construction, which may already be complete. The upward wave structure remains valid. Therefore, in the near term, I only consider buying opportunities. By the end of the year, I expect the euro to rise to the 1.2245 level, which corresponds to 200.0% on the Fibonacci scale. On a smaller scale, the entire upward trend segment is visible. The wave structure is not the most standard, since the corrective waves vary in size. For example, the larger wave 2 is smaller than the inner wave 2 within 3. However, this does happen. Let me remind you that it is best to identify clear structures on charts rather than tying yourself to every single wave. Currently, the upward structure raises almost no doubts. Key Principles of My Analysis: Wave structures should be simple and clear. Complex structures are difficult to trade and often bring changes.If there is no confidence in the market situation, it is better to stay out.Absolute certainty about market direction never exists and never will. Do not forget about protective Stop Loss orders.Wave analysis can be combined with other types of analysis and trading strategies.The material has been provided by InstaForex Company - www.instaforex.com

Gold advanced to a new record on Tuesday, with futures surpassing $4,000 an ounce for the first time, as US rate cut expectations and political uncertainty across the globe continue to fuel safe-haven demand. Three-month gold futures rose to as high as $4,014.60 per ounce before pulling back to $3,987.50, while spot gold set a new all-time high of $3,991 per ounce, a few dollars short of the $4,000-an-ounce level. Click on chart for live prices. The rally gained new momentum as the US government shutdown entered its second week, depriving investors of key economic data needed to gauge the timing and extent of Federal Reserve rate cuts. The market is currently pricing in a 25-basis-point cut this month, with another anticipated in December. Meanwhile, political turmoil in both France and Japan gripped currency and bond markets for a second day, adding to fiscal concerns and contributing to the rally in gold. So far this year, bullion has gained nearly 50% as his aggressive moves to reshape global trade and geopolitics spurred a flight to safety and a move away from the dollar. Central banks and gold-backed exchange-traded funds have been enthusiastic buyers, and the US rate cut that began last month has added momentum to the rally. High investment demand Nicky Shiels, head of research and metals strategy at MKS Pamp SA, said that a mix of retail demand, especially in Europe and Japan, and institutional inflows have driven the latest surge in gold prices. Reflecting the positive mood, Goldman Sachs — a long-standing bull on gold — raised its price forecast for December 2026 to $4,900 an ounce, up from $4,300, citing ETF inflows and central bank buying. The latest data shows that the People’s Bank of China extended its gold buying streak in September for an 11th consecutive month as the safe-haven metal climbed to fresh records. “I’d suggest overweight in gold — despite its high price — as a hedge against the US dollar and preparing for more shocks to come,” said David Chao, a global market strategist at Invesco Asset Management. Allocation to gold as a percentage of investors’ portfolios is likely currently in the low single digits — but a level of around 5% is “a prudent measure to me,” he added. (With files from Bloomberg) Sponsored: Secure your wealth today — buy gold bullion directly through our trusted partner, Sprott Money.

Hudbay Minerals has resumed operations at its Constancia mine in Peru, weeks after halting output due to local protests and blockades that disrupted access to the site. The company said a 20,000 dry-metric-tonne concentrate shipment originally scheduled for late September has been delayed to early October because of transport disruptions and adverse ocean conditions. The delay will temporarily reduce third-quarter sales volumes, Hudbay noted. During the shutdown, the company carried out preventive maintenance on the mill and mining equipment. Hudbay added that its workforce is returning to normal levels in the coming days. Following the update, Hudbay shares rose 1.3% in New York, giving the company a market capitalization of $6.27 billion.

Translating each and every move in markets into concrete headlines or themes can be chaotic. Sometimes, the Market moves in anticipation of news before reversing course as the news land. Sometimes, Markets overcome negative headlines in a brighter future outlook. And sometimes, the Market just throws the towel for no particular reasons. Today's session seems to be the case. There is always a possibility of things happening behind the scenes and the public learning the true cause of a move later, but for now that does not seem to be the case. (FYI, US President Trump is speaking with Mark Carney live here) Uncertainty from a more prolonged US Government shutdown could be starting to influence flows, as consequences could start to hit the economy more seriously as things get dragged for longer. US Equities opened higher like they usually do since June, but they consequently got met with sharp selling flows which translated into some steep US treasury buying. These are Risk-Off flows – Positions are closing and volumes are starting to rise as the mid-session bell rings but there seems to be some kind of continuation going on. Nonetheless, with Gold also reverting from its huge rally, it isn't the typical Risk-off Market. Let's look at a few Market reactions: Read More: USDCAD steadies as Carney-Trump meeting boosts North American currenciesRBNZ Preview: Why a 50bps Cut is on the TableThe broad Market picture Cross-Asset global picture, 30M Charts – October 7, 2025 – Source: TradingView An unusual picture for this year: Gold, Stocks and Bitcoin are all going down while Bonds are rallying strongly. Look at the daily highs and lows to spot any reversal of today's action or further continuation breakouts. Upside & Downside levels to watch: Gold – $4,000 & $3,900 S&P 500 – 6,765 & below 6,700 10Y US Bonds – Above 113.000 & below 112.000 (or in Yields 4.18% / 4.10%) US Dollar (DXY) – 98.60 & a 98.00 So is this an opportunity or a trap? Risk-assets are at their all-time highs and Metals are also there. In this environment, joining a strong trend after a correction can be a good dip-buying opportunity. On the other side, patience can also be a virtue: Either participants come back to retake new highs, which would cancel any technical fearsOr participants decide to take more profits, generating downside opportunities and a further correction for longer-term investment at better prices.What is the best thing to do in any case? Respect your risk and trading/investing system: Participating in volatility can come with higher potential returns but also incurs higher chances of a bias/position getting stopped out. Take a step back and take your decisions by looking back if the opportunity is worth the input. Plan things out and attempt to place levels that trigger particular decision-making on your part. Safe Trades! Follow Elior on Twitter/X for Additional Market News, interactions and Insights @EliorManier Opinions are the authors'; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. The provided publication is for informational and educational purposes only. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please refer to the MarketPulse Terms of Use. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2025 OANDA Business Information & Services Inc.