Blockonomi

TLDR:
Pyth Network is now an approved external distributor of Nasdaq Basic’s real-time equity data.
Nasdaq Basic covers best bid, offer, and last sale data for all U.S. exchange-listed securities.
Clients must get Nasdaq’s written approval before accessing the feed through Pyth’s platform.
The deal extends Nasdaq’s reach into software and blockchain-native financial applications.
Nasdaq Basic data is now available through Pyth Network after the oracle provider secured approval as an external distributor.
Pyth announced the news on September 22, 2026, stating it is now approved to distribute Nasdaq’s real-time quote and trade product for U.S. equities.
The move gives software and blockchain-native applications a new path to access top-of-book pricing data that brokerages, banks, and fintech platforms have relied on for over a decade.
What Nasdaq Basic Covers
Nasdaq Basic delivers real-time top-of-book data for U.S. equities. In a follow-up post, Pyth described the product as carrying the best bid and offer, with size, from liquidity in the Nasdaq market center. This gives users a live view of market depth without added cost.
The announcement noted that the product also carries the last sale price and size. This information comes from Nasdaq’s U.S. venues and from trades reported to the FINRA/Nasdaq Trade Reporting Facility. Together, these data points give a full picture of recent trading activity.
BREAKING: Pyth is now an external distributor of Nasdaq Basic.@Nasdaq's real-time quote and trade product for U.S. equities, distributed through the Pyth Data Marketplace pic.twitter.com/1Xfg7mmYdE
— Pyth Network (@PythNetwork) September 22, 2026
Pyth also posted that coverage is not limited to Nasdaq-listed securities. All U.S. exchange-listed securities are included, regardless of which venue a security is listed on. This broad scope makes the product useful across many types of trading desks.
Nasdaq Basic also includes the Nasdaq Official Opening and Closing Prices. These reference prices come from Nasdaq’s Opening, Closing, and IPO/Halt Crosses. Much of the industry uses them to value positions at the start and close of each trading day.
How Pyth’s Data Marketplace Fits In
Clients of the Pyth Data Marketplace can now license Nasdaq Basic directly through Nasdaq via Pyth. Prior written approval from Nasdaq is required before any client may consume the feed. This keeps distribution controlled while expanding its reach.
In one of its posts, Pyth quoted Michael Cahill, a Core Contributor to Pyth, saying that more of the market runs on software every year and that data therefore has to reach a wider and more varied set of applications. His comment points to a shift already under way across finance.
The same post quoted Cahill adding that Nasdaq has been ahead of that curve for a long time, noting that Nasdaq Basic exists because Nasdaq wanted its data in more hands. He called the addition of Pyth’s Data Marketplace a natural extension of that approach.
The Data Marketplace works as Pyth’s main channel for datasets that fall outside its other offerings. It lets institutions distribute proprietary data directly to the applications that need it. Nasdaq Basic becomes the latest addition to that growing list.
The post Pyth Network Becomes External Distributor of Nasdaq’s Real-Time Equity Data Feed appeared first on Blockonomi.

TLDR:
Binance RWA perpetuals captured 97% of post-FOMC U.S. stock opening gaps across 16 tracked companies.
About $1.02B traded outside regular U.S. market hours following the Federal Reserve’s September decision.
TradFi-linked perpetuals generated $7.25B during the latest S&P index rebalance market closure period.
Binance Research found bStocks priced in 92% of Monday opening gaps across seven weekends and $1.5B volume.
RWA-linked perpetual futures captured most of the price adjustment that appeared when U.S. stocks reopened after the Federal Reserve’s September policy decision. Binance Research found the median equity-linked perpetual captured 97% of the subsequent U.S. stock opening gap across 16 companies following the FOMC decision.
Binance Research: RWA-Linked Perpetuals Capture Trading Demand Outside Regular U.S. Market Hours
Binance Research said RWA-linked perpetuals are capturing trading demand around macro events and individual stocks outside regular U.S. market hours. Following the FOMC decision, the… pic.twitter.com/t4FxNDtRA1
— Wu Blockchain (@WuBlockchain) September 22, 2026
During the same period, about $1.02 billion traded outside regular U.S. market hours, showing substantial activity before Wall Street reopened. The September 16 FOMC meeting raised the benchmark interest rate by 25 basis points to 3.75%-4.00% in a unanimous decision. That policy change gave global traders new macroeconomic information to price while the underlying U.S. shares were approaching their next regular session.
RWA Perpetuals Capture 97% of Post-FOMC Stock Gaps
The data shows how RWA derivatives are taking on a larger role when traditional equity markets cannot immediately react to major developments. Unlike regular stocks, these contracts trade continuously, allowing investors to respond to policy announcements, company news, and index changes outside exchange hours.
The same pattern appeared around the latest S&P index rebalance, when 198 TradFi-linked perpetual contracts generated $7.25 billion during the market closure. S&P indices regularly rebalance in March, June, September, and December, creating concentrated trading activity around changes that can alter index-linked positioning.
Earlier Binance Research data showed TradFi perpetual coverage had expanded from one ticker in January to 149 by August. At that point, the category represented about 28% of Tier-1 crypto-exchange futures volume, while Binance held roughly 59% of that segment. The growth indicates that off-hours demand is no longer limited to isolated contracts or individual macro events.
Always-On Equity Products Draw Billions After Market Close
A similar pattern has also appeared in tokenized equities, extending the broader shift toward continuous markets beyond perpetual futures. Binance Research previously found that bStocks processed $1.5 billion while U.S. markets were closed across seven weekends.
Those instruments priced in a median 92% of the subsequent Monday opening gap, again showing that significant price discovery occurred before regular trading resumed. The figures quantify repricing before cash equities reopened, rather than simply showing traders remained active.
They also clearly distinguish continuous derivatives activity from direct ownership of underlying securities. However, perpetual contracts differ from owning shares because they track underlying equities without providing stock ownership.
They settle in USDT, trade continuously, and can use leverage of up to 10x, increasing capital efficiency while also raising liquidation risk. Taken together, the latest figures show RWA-linked perpetuals capturing measurable off-hours demand around macro and index events.
The 97% post-FOMC gap capture also places these contracts within a growing market structure where pricing increasingly continues beyond traditional U.S. stock sessions.
The post Binance RWA Perpetuals Capture 97% of Post-FOMC U.S. Stock Opening Gaps appeared first on Blockonomi.

TLDR
Ionis shares rise 2.58% after positive Phase 3 ulefnersen trial results emerge.
Ulefnersen meets the FUSION primary endpoint with strong statistical significance.
The FUS-ALS study also records improvements across several key secondary endpoints.
Otsuka plans FDA discussions and explores expedited regulatory approval pathways.
Ionis remains eligible for milestone payments and royalties under the Otsuka deal.
Ionis Pharmaceuticals shares rose 2.58% to $46.06 after the company announced positive Phase 3 results for ulefnersen. The experimental medicine met its primary endpoint in patients with a rare genetic form of amyotrophic lateral sclerosis. The outcome strengthens Ionis’ neurological pipeline and supports the next regulatory steps for the treatment.
Ionis Pharmaceuticals, Inc., IONS
Phase 3 FUSION Trial Meets Primary Endpoint
Ionis and Otsuka Pharmaceutical reported positive topline results from the Phase 3 FUSION study evaluating ulefnersen. The trial involved patients with ALS caused by mutations in the fused in sarcoma gene, known as FUS-ALS. Researchers developed ulefnersen to target the genetic cause of this rare and rapidly progressing form of ALS.
The study met its primary endpoint after showing statistically significant improvements against placebo across function and survival measures. Researchers assessed death, permanent ventilation, rescue treatment, and changes in the ALS Functional Rating Scale Revised. The primary analysis produced a p-value of 0.0005, supporting the statistical significance of the findings.
Ulefnersen also delivered statistically significant improvements across several important secondary endpoints included in the trial. These measures included serum neurofilament light chain levels and time to death, ventilation, rescue, or disease-related withdrawal. The companies also reported favorable safety and tolerability, while most adverse events remained mild or moderate.
Positive Results Advance Ulefnersen Toward Regulatory Review
The successful trial gives Ionis and Otsuka important clinical evidence as they prepare for discussions with global regulators. Otsuka plans to review the FUSION findings with the U.S. Food and Drug Administration. The company will also discuss possible expedited submission pathways with other health authorities.
Both companies plan to present detailed FUSION results at a future medical meeting. They also intend to submit the complete findings for publication in a peer-reviewed medical journal. Additional prespecified and exploratory analyses will further examine ulefnersen’s effects across the study population.
Ionis licensed ulefnersen to Otsuka in 2024 through a collaborative development and licensing agreement. Ionis received an upfront payment and remains eligible for additional regulatory and commercial milestone payments. The agreement also gives Ionis tiered royalties on future net sales if the treatment reaches the market.
FUSION Expands Ionis’ Genetic ALS Program
FUSION used a global, randomized, double-blind, placebo-controlled design to assess ulefnersen’s safety and effectiveness in FUS-ALS. Participants received either ulefnersen or placebo during a 72-week blinded treatment period. They later entered an open-label extension where all participants received ulefnersen.
The primary analysis included 73 participants and combined clinical function with several survival-related outcomes. Researchers also evaluated respiratory function, muscle strength, quality of life, and key biological markers. These additional measures will help define the treatment’s wider clinical profile during further analysis.
The program expands Ionis’ work in genetically targeted treatments for rare forms of ALS. Its earlier neurological development work also included QALSODY, which targets a different genetic cause of the disease. Ulefnersen now adds a successful Phase 3 program focused specifically on patients with FUS-related ALS.

The post Ionis Pharmaceuticals, Inc. (IONS) Stock: Surges as Phase 3 ALS Trial Delivers Positive Results appeared first on Blockonomi.

TLDR
White hats rescued 52.37 BTC worth more than $4.5 million from the Coldcard exploit.
Crypto Recovery Trust now holds the rescued Bitcoin for verified victims to reclaim.
Galaxy Digital tracked 1,789.28 BTC, worth about $154.1 million, lost in the attacks.
Coinkite linked the exploit to weak seed generation caused by a firmware flaw.
Coldcard advised users to update their firmware or move funds from vulnerable devices.
The Coldcard hack has entered a recovery phase after white-hat researchers secured 52.37 Bitcoin in a Wyoming trust. Galaxy Digital researcher Alex Thorn said the funds exceed $4.5 million. Crypto Recovery Trust now controls the address and plans to return claims.
COLDCARD WHITE HAT MOVES FUNDS TO TRUST
52.37 BTC comprised of coins from Wave 2, Footprints AA, AU, AX consolidated into a fresh address with an OP_RETURN "claim:cryptorecoverytrust dot com" in block 967,948
these white hatted funds represent 2.8% of the coldcard exploit pic.twitter.com/c5eYeQMxHQ
— Alex Thorn (@intangiblecoins) September 21, 2026
Coldcard Hack Funds Enter Recovery Trust
Thorn said the rescued Bitcoin represents about 2.8% of funds connected to the exploit. Nick Bax of Ump Labs confirmed he helped protect about 50 BTC. He said thieves were close to taking the funds.
The transfer gives affected Coldcard users a route to recover losses. Another security case saw an MEV bot stop an Ethereum wallet exploit before an attacker could drain $7.8 million. KelpDAO froze the destination address for 24 hours.
Firmware Bug Exposed Wallet Seeds
The attacks began on July 31 and targeted Bitcoin held through Coinkite’s Coldcard hardware wallets. CoinKite traced the weakness to a firmware bug affecting seed generation. The flaw forced some devices to rely on a software random generator.
Attackers could use predictable seed data to identify wallet credentials and access funds. Galaxy Digital tracked 1,789.28 BTC lost during the attacks. That amount equals about $154.1 million at Bitcoin prices.
Users Shift Bitcoin After Attacks
CoinKite urged users to update affected software or transfer funds away from vulnerable devices. Some users moved Bitcoin to other storage services, including exchanges. The company said the bug remained unnoticed as more product releases carried the faulty code.
Crypto firms have faced other security cases this month. A Revolut customer data breach exposed information from 680 customers after fraudulent requests bypassed verification checks. The company reported the incident to regulators during a security review.
Trust Starts Victim Recovery Process
Crypto Recovery Trust now holds the rescued assets while it verifies ownership claims from affected users. The Wyoming structure provides a legal process for safeguarding funds during recovery. White hats can use that process while investigators continue tracing stolen Bitcoin.
Security threats also continue across the wider crypto market. A North Korean crypto theft campaign used fake job offers to compromise more than 30,000 devices. Researchers linked the operation to theft from over 7,000 cryptocurrency wallets.
Investigators continue reviewing the Coldcard hack and tracing addresses tied to stolen funds. CoinKite has urged affected users to follow security guidance. The recovery trust may return rescued Bitcoin after it confirms rightful ownership.
The post White Hats Rescue $4.5M Bitcoin From Coldcard Exploit appeared first on Blockonomi.

TLDR
Dogecoin gained nearly 20% over the past week and briefly touched the $0.10 level.
Analysts are watching $0.10 as a key resistance zone before targets near $0.1175 and $0.15.
Some market analysts have issued much higher DOGE targets between $1 and $3.
Whales bought more than 240 million DOGE earlier this month, adding to bullish market activity.
Rising exchange inflows could increase short-term selling pressure and weaken DOGE’s recent recovery.
Dogecoin has climbed nearly 20% over the past week and briefly touched $0.10, a level last seen in early June. The interbank Dogecoin price trend has drawn attention as traders watch whether DOGE can hold recent gains. Its market value has also risen to about $15.2 billion, placing it among the largest cryptocurrencies.
DOGE now trades close to the $0.10 level after recovering from weaker prices earlier this month. Several market analysts see the area as an important test. Their forecasts vary widely, ranging from modest gains above current resistance to much larger long-term targets. Trading volume has also increased, giving market participants more activity to assess as DOGE approaches levels that previously limited gains.
Analysts Map Dogecoin Resistance Levels
Analyst Cyriptoman4 said a clear move above $0.10 could open a path toward $0.1175 and $0.15. Recent Blockonomi coverage also tracked Dogecoin whale accumulation, reporting that large wallets bought more than 240 million DOGE during a recent pullback.
BSC Gems Alert pointed to a higher-low price structure and said DOGE is pressing against the top of a descending pattern. The analyst said a break and hold above $0.22 could support a move toward higher resistance. A loss of support, however, would weaken that setup.
$1 Dogecoin Targets Remain Speculative
Other analysts have published much higher targets. X user Bark said Dogecoin has started a move toward $1. MikybullCrypto also expects a stronger advance and cited a possible $1 to $3 range. These projections remain analyst forecasts rather than confirmed price outcomes.
The $DOGE breakout to $1 has begun.
It will happen much faster than you think.
Don’t blink. pic.twitter.com/kieb7dYAN4
— Bark (@barkmeta) September 21, 2026
Recent market data provides a more measured reference point. As reported earlier, DOGE resistance near $0.09 remained a key hurdle last week, while buyers repeatedly defended the $0.08 area. DOGE later moved above that resistance as market demand improved.
Whale Buying Meets Exchange Selling Risk
Large holders bought more than 240 million DOGE earlier this month. That activity reduced the amount held outside major whale wallets and attracted attention from traders. Moreover, a Dogecoin breakout setup near $0.0885 to $0.09 is forming as buying activity strengthens.
Selling risk remains present. CoinGlass data shows exchange inflows exceeded outflows during recent sessions. Transfers to centralized exchanges can increase the amount of DOGE available for sale. Traders are therefore watching whether the interbank Dogecoin price can stay near $0.10 while buying demand absorbs any added supply.
The post Dogecoin Price Nears $0.10, Can Bulls Push Higher? appeared first on Blockonomi.

TLDR:
Tether says MiCA’s 60% bank-deposit rule was a key reason it declined to seek authorization in the EU.
MiCA requires significant stablecoins to keep at least 60% of reserve funds in commercial bank deposits.
Tether reported $184.6B in USDT outstanding, with assets exceeding liabilities by about $4.11B in Q2.
EU central banks now want fixed deposit thresholds replaced with one- and five-day liquidity requirements.
Tether’s refusal to seek European authorization is gaining renewed attention after central banks questioned one of the rules behind the company’s decision. CEO Paolo Ardoino said the issuer avoided licensing under MiCA because significant stablecoins must place at least 60% of reserves in commercial bank deposits.
Tether CEO Says Company Refused to Apply for EU MiCA License Over Stablecoin Reserve Rule
Tether CEO Paolo Ardoino said the company refused to apply for an EU MiCA license because of the rule requiring major stablecoin issuers to hold at least 60% of their reserves in commercial… pic.twitter.com/6ot9JnUe5g
— Wu Blockchain (@WuBlockchain) September 22, 2026
He has argued that such concentration introduces counterparty risk instead of strengthening reserve safety. That position now overlaps partly with concerns raised by the ECB and national central banks across the EU. They recommended removing fixed deposit thresholds, although existing requirements remain unchanged.
Tether MiCA Exit Centers on 60% Bank Reserve Rule
MiCA requires e-money token issuers to hold at least 30% of backing funds in deposits with credit institutions. However, the threshold increases to 60% once a stablecoin receives significant status.
The remaining reserves can include secure and highly liquid assets, giving issuers some flexibility outside the banking system. Still, Ardoino has opposed mandatory concentration in commercial deposits.
His argument centers on the possibility that a bank failure could temporarily trap reserves needed to process stablecoin redemptions. The 2023 collapse of Silicon Valley Bank provided a prominent example of that exposure.
Circle disclosed that $3.3 billion backing USDC was held at the failed lender when regulators closed the bank. The episode briefly intensified concerns over reserve access and stablecoin liquidity.
The ECB has also cited that event while assessing the risks created by deposit requirements. It said bank defaults could expose issuers to losses while strengthening links between crypto markets and lenders. Tether, however, follows a different reserve structure.
At the end of June, the company reported $184.6 billion of USDT outstanding. Its reserves were concentrated mainly in U.S. government-backed instruments and short-term liquidity facilities. Meanwhile, reported assets exceeded liabilities by approximately $4.11 billion.
ECB and EU Central Banks Push for Liquidity-Based Rules
The European System of Central Banks has now recommended dropping fixed minimum percentages for stablecoin reserves held as commercial bank deposits. Instead, it proposed liquidity requirements based on assets capable of maturing within one working day and five working days.
However, the central banks reached that position through a broader financial-stability concern. They warned that stablecoin growth could change the composition of funding held by European lenders. Stable retail deposits could increasingly be replaced by larger deposits from issuers.
Those balances could also prove more volatile during periods of heavy redemptions. A widespread stablecoin run could therefore force issuers to withdraw substantial bank deposits quickly, potentially adding liquidity pressure to exposed institutions.
Regardless, the recommendation does not change MiCA immediately. Any revision would still require the EU’s regulatory process to amend the existing framework.
Consequently, the 30% and 60% deposit thresholds remain effective. Tether also remains without MiCA authorization for USDT despite growing official scrutiny of the rule behind its decision.
The post Tether Says MiCA’s 60% Reserve Rule Drove EU Exit as ECB Seeks Change appeared first on Blockonomi.

TLDR
Canada’s Big Six banks are exploring a shared interbank tokenized deposit system for faster money transfers.
The first phase will test tokenized deposit movement between participating Canadian financial institutions.
The system could support 24/7 programmable payments while keeping customer funds within regulated banks.
Bank of Montreal, CIBC, National Bank, RBC, Scotiabank, and TD Bank Group are part of the joint venture.
The project remains exploratory, with no confirmed launch date or final commitment to issue tokenized deposits.
Canada’s six largest banks are exploring an interbank tokenized deposit system that could move Canadian dollars faster between financial institutions. The project brings Bank of Montreal, CIBC, National Bank, RBC, Scotiabank, and TD Bank Group into one joint venture.
The banks plan to test transfers of tokenized deposits before connecting the system with other digital asset projects. They said the model could support faster, programmable payments while keeping customer funds inside the regulated banking system.
Interbank Tokenized Deposit Plan Takes Shape
The first phase will focus on moving tokenized deposits between participating banks. More Canadian lenders could join later. The banks have not committed to issuing a tokenized deposit, and they have not announced a launch date.
Tokenized deposits represent money that customers already hold at banks. They differ from stablecoins issued by crypto companies. A shared network could allow banks to process payments around the clock while retaining existing banking controls and oversight.
Banks Test Digital Payment Networks
The Canadian project follows similar work in other markets. A recent U.S. Bank stablecoin pilot used Stellar for a live cross-border payment between bank entities in North America and Europe.
Canada has also tested tokenized settlement through Project Samara. In March, the Bank of Canada, RBC, and TD issued, traded, and settled a C$100 million bond using tokenized wholesale Canadian dollars on distributed-ledger infrastructure. The test showed how regulated institutions can pair digital settlement with financial controls and processes.
Tokenization Efforts Extend Across Markets
The new bank venture adds another route for Canadian-dollar activity on blockchain networks. It also places commercial banks directly beside stablecoin issuers as both groups develop new digital payment and settlement systems.
Europe is moving on a related track. The European Central Bank recently introduced Pontes for tokenized asset settlement using central bank money. The platform connects distributed-ledger networks with the Eurosystem’s existing TARGET payment infrastructure.
Canada is also building a domestic stablecoin market. Shopify and National Bank of Canada backed a regulated digital Canadian dollar in May. Meanwhile, Coinbase and Stablecore expanded digital asset services for community banks and credit unions in the United States.
The six-bank effort remains exploratory. Its next steps will depend on testing, technical design, regulatory requirements, and whether participating banks decide to move from trials to a common interbank tokenized deposit network.
The post Canada’s Largest Banks Eye Shared Tokenized Deposit Network appeared first on Blockonomi.

TLDR
Coinbase launched fixed-rate Bitcoin-backed USDC loans through Morpho Midnight on Base.
Borrowers can lock both the interest rate and repayment date when taking a loan.
Coinbase now offers fixed-rate loans alongside variable-rate borrowing through Morpho Blue.
Coinbase said its variable-rate loans exceed $1.4 billion, backed by about $3 billion in collateral.
Morpho Midnight holds about $30 million in deposits, while more integrations are planned.
Coinbase has added fixed-rate bitcoin-backed loans through Morpho Midnight. Users can borrow USDC while keeping Bitcoin as collateral. Users lock the loan rate and repayment date when they open the position. Coinbase now offers both fixed-rate and variable-rate borrowing inside the same platform. Fixed terms show borrowing costs and maturity before a loan begins.
Keep your Bitcoin, get liquidity.
With fixed-rate loans backed by Bitcoin you can lock in your rate and repayment dates before you borrow.
Built by @Morpho Midnight on @Base. pic.twitter.com/1oEf6L5Efd
— Coinbase (@coinbase) September 22, 2026
Its existing variable-rate loans use Morpho Blue. Coinbase said those loans have passed $1.4 billion outstanding, with about $3 billion in collateral. The new option gives borrowers another way to manage repayment costs without selling Bitcoin.
Midnight Sets Rates and Repayment Dates
Morpho launched Midnight on Base in July. The protocol brings fixed rates and defined maturity dates to onchain lending. The rollout follows Circle’s Bitcoin-backed USDC lending launch, which also uses Morpho infrastructure for crypto-backed borrowing. A Morpho spokesperson described Coinbase as the first major consumer platform to offer Midnight at scale.
Coinbase currently offers loans that mature at the end of the current month or the next month. Coinbase defines month-end as the final Friday. Borrowers must repay before maturity. If they fail, lenders can claim the posted collateral.
Borrowers Gain Another Loan Structure
Coinbase did not disclose the interest rates available through Midnight. A company spokesperson said lenders and borrowers set rates through supply and demand. They place offers on an onchain order book, which determines available terms.
The product arrives as other crypto platforms add collateral-based credit. Hyperliquid’s BTC-backed stablecoin loans launched this month, allowing users to borrow USDC or USDT against Bitcoin or HYPE. That service reported $269 million in borrowing on its first day.
Onchain Credit Market Keeps Expanding
Coinbase manages the customer interface, while Morpho runs the lending protocol and Base handles settlement. The launch also follows the Coinbase and Stablecore banking partnership announced last week. That deal brings crypto custody, trading, and payment tools to community banks and credit unions.
Morpho said Midnight has about $30 million in deposits during its rollout. Morpho Blue has $5.2 billion in outstanding loans and $16 billion in deposits across integrations. Morpho also sees possible uses for structured credit and tokenized real-world asset loans. Morpho plans more integrations but has not provided a public timeline. Market makers also use Midnight, while Tenor Labs launched a lending platform on the protocol in July during the early rollout.
The post Coinbase Adds Fixed Bitcoin Loans—Here’s What to Know appeared first on Blockonomi.

TLDR
The ECB wants wider EU restrictions on stablecoin yield from lending, borrowing, staking, and similar products.
The ESCB said current rules should cover both direct rewards and indirect returns linked to stablecoin holdings.
Central banks want to prevent stablecoins from functioning like interest-bearing bank deposits.
The ESCB proposed replacing MiCA’s bank deposit reserve thresholds with liquidity-based maturity requirements.
Draft rules could require larger stablecoins to hold 40% of reserves within one-day maturity and 60% within five working days.
The European Central Bank and national central banks want the EU to tighten rules around stablecoin yield. They want EU rules to bar crypto platforms from offering lending, borrowing, staking, or similar products that generate returns from stablecoin holdings.
The European System of Central Banks outlined the request in its response to the European Commission’s MiCA review. It said electronic money should support payments, not savings, and called for restrictions covering direct and indirect remuneration.
Stablecoin Yield Debate Extends Beyond MiCA
The ESCB said crypto firms could turn stablecoins into yield-bearing products through layered services. That concern mirrors the U.S. stablecoin reward dispute, where banks pushed for tighter limits on interest-like returns offered by crypto platforms. The European proposal would also cover unregulated activities linked to stablecoin returns.
The central banks said broader restrictions would preserve the legal difference between electronic money and bank deposits. They also said the rules should reach activities outside MiCA when those services create returns linked to stablecoin balances. The stablecoin yield restriction would apply across crypto-asset service providers and platforms.
Reserve Rules Face Proposed Changes
The ESCB also proposed removing MiCA’s minimum bank-deposit requirement for stablecoin reserves. Current rules require issuers to keep at least 30% of reserves at credit institutions, rising to 60% for larger designated stablecoins. The proposal would replace fixed deposit thresholds with liquidity-based reserve requirements.
Instead, the group wants reserve rules based on how quickly assets mature and become available for redemptions. The proposal comes as the CLARITY Act debate in the United States continues to focus on stablecoin rewards and bank funding concerns. The Senate recently failed to advance the bill in a 49-50 procedural vote.
Liquidity Rules Could Replace Deposit Thresholds
The central banks said large issuer deposits can create unstable funding for lenders if redemptions force sudden withdrawals. Blockonomi reported Binance’s MiCA licensing case during the past week as European scrutiny of crypto regulation continued. The ESCB instead wants reserves structured around short maturity periods.
Draft European Banking Authority standards offer one possible framework. They would require larger designated stablecoins to hold 40% of reserves in assets maturing within one day and 60% within five working days. For other stablecoins, the proposed levels would be 20% within one day and 30% within five working days.
The post EU Central Banks Push New Stablecoin Yield Limits appeared first on Blockonomi.

TLDR
PYPL rises 1.30% to $53.31 after joining Meta’s Muse checkout network.
Muse gains access to a large global merchant and digital payments ecosystem.
Stripe and Shopify already provide separate checkout routes through Muse.
Amazon blocks the service while other commerce platforms expand access.
The deal gives PYPL another route into assistant-led digital transactions.
PayPal Holdings, Inc. (PYPL) shares traded at $53.31, up 1.30%, after connecting its checkout network with Meta’s Muse shopping agent. The agreement gives merchants another route to reach customers through automated product discovery and purchasing. It also places the payments company within a commerce network that already includes Stripe and Shopify.
PayPal Holdings, Inc., PYPL
PYPL Expands Checkout Access Through Muse
Customers can now use Muse to shop and complete transactions with participating merchants across the company’s global network. The integration connects Meta’s service with existing payment infrastructure without requiring sellers to create separate checkout systems. As a result, the payments provider gains another transaction channel while maintaining established merchant relationships.
Muse can search for products, compare options, complete forms, and process purchases after receiving user approval. Meta launched the service on September 8 as a tool capable of completing tasks rather than only answering questions. That structure makes payment access and merchant coverage important parts of its wider commerce strategy.
The latest deal broadens transaction options as Meta expands Muse across shopping, travel, and other consumer services. It also allows purchases to begin outside traditional merchant websites, retail applications, and dedicated online stores. Such activity could create new payment flows as digital assistants become another route into online commerce.
Stripe and Shopify Expand Muse Checkout Options
Meta introduced Muse with Stripe’s Link, which supports checkout at more than one million participating businesses. Link can also create a single-use virtual card when a merchant does not directly support its checkout service. That connection provided Muse with an established payment layer before the latest integration expanded its available choices.
Shopify has also connected Shop Pay with Muse across stores operating through its commerce platform. That partnership gives users another established route from product discovery to completed checkout. These payment and commerce networks broaden the number of merchants that can support transactions initiated through Meta’s service.
Amazon has chosen a different approach and blocked Muse from shopping directly on its marketplace. The retailer cited concerns involving account access, transaction processing, security, platform rules, and control over customer interactions. The contrasting approaches show how major commerce companies are setting different policies for external shopping services.
Payments Network Gains Another Digital Commerce Channel
The partnership arrives as Muse attracts attention across mobile application stores and the broader technology sector. Early adoption gives Meta more users for testing shopping functions and automated checkout across supported merchants. Future transaction growth will depend on merchant availability, payment coverage, security, and reliable purchase approvals.
For PYPL, the integration extends its reach beyond standard website checkout and mobile payment flows. Transactions can now begin inside Muse before moving through merchants connected to the payments network. This structure creates another path for processing purchases without requiring users to start directly on a retailer’s website.
The agreement also comes as commerce companies seek to reduce steps between product discovery and payment. An established global merchant network gives the payments group a ready infrastructure for supporting purchases initiated through new digital channels. Muse therefore adds another commerce entry point without replacing the payment systems merchants already use.

The post PayPal Holdings, Inc. (PYPL) Stock: Muse Partnership Opens New AI Commerce Route appeared first on Blockonomi.

TLDR
AMZN falls to $254.85 as Meta’s Muse loses access to its marketplace.
Meta lacked approval for Muse to access accounts, data, and transactions.
The retailer wants tighter control over outside shopping and checkout tools.
Muse gains strong adoption despite losing access to a major marketplace.
Automated shopping could influence $1 trillion in U.S. retail by 2030.
Amazon (AMZN) shares traded at $254.85, down $3.60, after the retailer blocked Meta’s Muse shopping agent from its marketplace. The decision highlights growing tension over control of customer data, checkout access, and online shopping activity. It also shows how external agents could disrupt traditional product discovery, advertising, and merchant relationships.
Amazon.com, Inc., AMZN
Meta’s Muse Loses Access to the Marketplace
The e-commerce giant stopped Muse from browsing pro\ducts and completing purchases less than two weeks after Meta launched the service. Meta had not received authorization to access customer accounts, collect platform data, or process transactions. The retailer also cited security, user experience, and platform control as key concerns behind the restriction.
The company expects outside shopping services to identify themselves and follow marketplace rules before handling purchases. It compared those requirements with standards used across food delivery and online travel platforms. This approach gives the retailer more control over how external software interacts with shoppers, sellers, listings, and payment systems.
The move comes as the company expands its own shopping tools through Alexa and other services. External agents could reduce direct use of search results, recommendations, advertisements, and checkout features. Tighter access rules help preserve control over the shopping journey and key commercial touchpoints.
Meta Partnership Continues in Other Areas
The Muse dispute does not end broader cooperation between the two technology groups. Meta has used Amazon Web Services infrastructure and chips while expanding computing capacity for digital services. The companies have also connected retail products with advertisements shown across Facebook and Instagram.
Those partnerships show both groups can cooperate while competing for direct access to consumers. The latest disagreement creates a clearer boundary around shopping data, customer accounts, and transaction control. The marketplace operator wants explicit approval before outside services manage purchases or access related customer information.
Muse has also gained strong attention since its September launch across major mobile application stores. Meta shares rose more than 11% on Monday as interest in the assistant increased. Wider adoption will still depend on merchant access, security, convenience, and reliable transaction approval.
Automated Shopping Raises New Retail Questions
Most automated shopping tools still focus on product research, comparisons, and recommendations rather than completed purchases. Coveo’s 2026 Commerce Relevance Report found only 16% of shoppers accept fully automated purchasing. That figure shows transaction-based adoption remains limited despite growing interest in assistant-led commerce.
McKinsey estimates automated search and purchase systems could influence up to $1 trillion in U.S. retail revenue by 2030. Such growth could increase the importance of product data, search placement, advertising access, and checkout control. Retailers may also reassess how much access they give outside services as automated commerce expands.
AMZN, the issue extends beyond a single Meta product because assistant-led shopping could reshape online purchasing behavior. External services could control product searches and transactions before shoppers enter the retailer’s own interface. The Muse block therefore highlights an early battle over platform access as automated commerce develops.

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TLDR:
The Chainlink partnership gives Infosys a common integration framework for CCIP, compliance, reserve verification, workflow coordination, and market-data services.
The agreement includes multiple Chainlink products, yet neither company identifies a bank, payment provider, asset manager, or production deployment.
Infosys cites technology serving more than 1.7 billion banking and payments accounts, though that total does not measure new Chainlink users.
LINK traded 1.24% lower on September 22 while the companies announced the partnership, with no financial terms or usage targets disclosed.
LINK traded 1.24% lower on September 22 as Infosys and Chainlink disclosed a strategic partnership for institutional blockchain infrastructure. The Chainlink partnership covers cross-chain connectivity, compliance controls, reserve verification, market data, and workflow coordination. It gives Infosys a defined integration framework for clients exploring tokenized assets, payments, settlement, and onchain financial services.
The companies did not identify a bank, payment network, or asset manager using the tools. They also disclosed no commercial terms, deployment schedule, transaction volumes, or revenue targets. The announcement therefore establishes a technology channel rather than a confirmed production rollout.
Chainlink Partnership Defines a Broader Integration Path
Under the Chainlink partnership, Infosys plans to work across the infrastructure suite, rather than through a single application. The scope includes Cross-Chain Interoperability Protocol, or CCIP, for transferring data and tokenized assets across networks. It also includes the Chainlink Runtime Environment, called CRE, for coordinating blockchain, API, and offchain workflows. Automated Compliance Engine supplies controls for policy-related requirements. Proof of Reserve verifies data associated with assets such as stablecoins and tokenized products.
NEW: @Infosys (NYSE: INFY), the $40B+ global IT leader, enters a strategic partnership with Chainlink to accelerate institutional onchain finance.
Infosys supports critical banking and payments infrastructure for more than 1.7 billion customer accounts worldwide and is now… pic.twitter.com/xgr5xV9dKq
— Chainlink (@chainlink) September 22, 2026
Data Feeds and Data Streams complete the package by bringing external market information into blockchain applications. Financial institutions often need these functions together when they test tokenized securities or settlement workflows. A common integration pattern may reduce separate technical assessments for each service.
Infosys can pair its consulting, engineering, and systems-integration work with Chainlink interoperability, data, compliance, and orchestration tools. The Chainlink partnership covers multiple industries, although its immediate focus includes financial-services clients.
That structure distinguishes the collaboration from a point solution across several institutional use cases. A client can assess interoperability, compliant workflow design, data delivery, and reserve visibility within a framework. It does not require every service to be used. The companies have not stated whether initial engagements will use the suite together or separately.
The parties describe their relationship as a strategic partnership focused on advancing digital assets and tokenization. Their public material lists joint solutions, customer engagements, enablement programs, and go-to-market efforts. That language frames the Chainlink partnership as a route for product adoption, not an implementation agreement.
The announced services address different operational needs. CCIP handles cross-chain communications, while CRE connects onchain actions with external systems. ACE targets policy controls, and Proof of Reserve helps verify collateral or reserves supporting digital assets.
Infosys Reach Creates a Channel for Chainlink Tools
Infosys said its financial-services technology supports banking and payments systems serving more than 1.7 billion customer accounts worldwide. That figure describes the company’s wider financial-services footprint. It does not represent clients, accounts, or users of the Chainlink collaboration. Still, the disclosed reach explains why a systems integrator can matter for blockchain vendors. Institutions often use established technology providers to connect new systems with existing data, compliance, and operational processes.
The Chainlink partnership does not name an institution committed to deploy any service. No institution has committed to use CCIP, CRE, ACE, Proof of Reserve, Data Feeds, or Data Streams. The companies have not said which service would enter production first.
They also have not published a timeline for pilots, client integrations, or live transactions. This distinction limits what can be inferred from the announcement. A partnership agreement supplies an available route to deployment, while a named implementation would provide evidence of client use.
Chainlink has pursued other financial-infrastructure collaborations involving payments, private data, and verification workflows. Those efforts address separate use cases from the Infosys relationship. The new Chainlink partnership consolidates several services under one institutional adoption model.
It positions CCIP beside data and compliance tools instead of presenting it as a standalone offering. Future disclosures could name a specific bank, asset manager, payment provider, or tokenized-asset platform. Such details would show whether the agreement moves into production.
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TLDR
SpaceX stock rises 0.87% to $153.16 after rebounding from its intraday low
Merger speculation adds attention as SpaceX extends its 10.9% monthly gain
SpaceX trades at a 16.2x price-to-book ratio, above its closer peer group today
NASA missions and Starlink expansion remain key parts of SpaceX’s growth story
Negative free cash flow and heavy spending remain central valuation concerns
SpaceX (SPCX) traded at $153.16, up 0.87%, after rebounding from an intraday low near $150.70. The stock briefly approached $154.80 before easing and stabilizing around the $153 level. Merger speculation and fresh business developments added attention as shares extended their recent advance
Space Exploration Technologies Corp., SPCX
Space Exploration Technologies has gained 10.9% over the past month, strengthening its recent market performance. The advance has renewed focus on how the company’s market value compares with its balance sheet. Meanwhile, major contracts and infrastructure projects continue shaping the company’s capital needs and operating profile.
Government work remains important to SpaceX as NASA continues using its crewed mission services. Starlink also continues expanding the company’s commercial satellite and communications operations across multiple markets. In addition, SpaceX has pursued larger computing infrastructure projects that require substantial equipment and long-term investment.
Merger Speculation Adds Another Market Focus
Possible corporate tie-ups have become another topic surrounding SpaceX as the stock trades near recent highs. However, the supplied information does not identify a confirmed merger agreement or provide specific transaction terms. Therefore, the merger angle currently remains speculation rather than an announced corporate transaction.
The speculation comes while SpaceX expands across launch services, satellites, communications, and computing infrastructure. That broader operating footprint creates several businesses with different funding requirements and asset structures. It also places more attention on how corporate arrangements could fit within the company’s existing operations.
SpaceX reported 2025 revenue of $18.67 billion, representing annual growth of 33%. However, the company also reported a net loss and continued to face pressure from negative free cash flow. Large capital programs remain central as SpaceX funds equipment, facilities, launches, and network expansion.
Book Value Premium Remains Elevated
SpaceX trades at a price-to-book ratio of 16.2 times, according to the supplied valuation figures. That level stands well above the broader telecom industry average of 1.7 times. It also exceeds the closer peer-group multiple of 14.8 times cited in the same valuation review.
The difference shows that SpaceX commands a larger market premium relative to recorded shareholder equity. Its asset base supports rockets, satellites, communications systems, and expanding infrastructure across several operating areas. However, continued capital spending and free-cash-flow losses remain important parts of the company’s financial position.
The latest session left SpaceX near $153 after the stock recovered from its intraday low. Its 10.9% monthly gain has also kept attention on valuation, contracts, and corporate developments. Merger speculation adds another headline factor while SpaceX continues expanding its launch and infrastructure businesses.
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TLDR
NVDA gains 0.57% as shares recover from an intraday low near $225.70 Tuesday
Apple showcases four Mac Studios running a trillion-parameter model locally
Nvidia’s data-center business generated $89 billion in its latest quarter overall
Apple targets local AI workloads while Nvidia dominates large-scale data centers
NVDA holds above $228 as the stock approaches resistance near the $229 level
NVIDIA (NVDA) shares rose Tuesday as Apple promoted new Macs for running artificial intelligence workloads locally. NVDA traded at $228.68, up 0.57%, after recovering from an intraday low near $225.70. The stock remained above $228 through midday and moved toward the $229 level.
NVIDIA Corporation, NVDA
Apple Pushes More Computing Onto Macs
Apple demonstrated four Mac Studio computers working together to run a model with one trillion parameters. The machines shared memory, allowing the setup to handle workloads linked with larger server infrastructure. Apple used the demonstration to show how processing can run on local hardware.
Local processing can keep workloads on company-owned devices instead of sending requests to remote servers. That approach can support private data handling, coding tasks, and inference workloads within computing environments. However, the demonstration used several connected Macs rather than one machine handling the full workload.
Apple has expanded computing performance across its Mac lineup through custom processors and unified memory architecture. Its hardware combines central processing, graphics, and memory functions within tightly integrated systems. The latest demonstration extends that strategy by connecting several Mac Studios for larger workloads.
NVIDIA Data Center Revenue Dominates Sales
NVIDIA still generates most of its revenue from data-center products used for accelerated computing. The company reported $89 billion in data-center revenue during its latest quarter. Total quarterly revenue reached $96.2 billion, putting the data-center share at roughly 92.5%.
NVIDIA’s data-center business supplies processors, networking products, and software for large computing environments. Cloud providers and enterprises use those systems for model training, inference, and other intensive workloads. Large deployments can connect many processors and servers to handle workloads beyond typical desktop hardware.
Apple’s local-computing approach addresses another part of the broader technology market. Macs can process some workloads closer to users, while NVIDIA’s infrastructure supports much larger deployments. Both approaches expand available computing capacity, but they operate at different scales and locations.
NVDA Stock Holds Near $229
NVDA recovered from morning weakness and moved back toward $229 during Tuesday trading. The stock reached $228.68 after falling near $225.70 earlier in the session. It then held above $228 through midday as trading remained positive.
Apple’s demonstration arrived while NVIDIA shares continued their intraday rebound. The announcement did not coincide with a sustained drop in NVDA during the displayed session. Instead, the stock remained higher while approaching the $229 resistance area shown on the intraday graph.
NVIDIA remains centered on data-center infrastructure, while Apple is expanding local computing through its Mac hardware. The two companies therefore address different portions of growing computing demand. Apple’s demonstration adds another local option, while NVIDIA continues supplying large-scale systems for data centers.
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Key Highlights
Bitcoin climbed past $85,000, forcing over $1 billion in short position liquidations
Technology-heavy Nasdaq Composite reached unprecedented intraday peaks, propelled by artificial intelligence momentum
Meta stock skyrocketed more than 20% following its Muse AI assistant debut on September 8
AMD achieved trillion-dollar market cap status, with approximately 185% year-to-date gains in 2026
Leading crypto exchange Binance committed $100 million toward Circle, creator of USDC stablecoin
The cryptocurrency flagship maintained its position above $85,000 throughout Tuesday’s trading session as the Nasdaq Composite achieved new all-time highs, propelled by widespread enthusiasm surrounding artificial intelligence developments. Technology giants Meta and AMD commanded attention on Wall Street, crude oil retreated beneath the $100 threshold, and a significant strategic investment reshaped the stablecoin landscape.
BTC Breaks Through $85,000 Barrier
Bitcoin’s price hovered near $85,600 on Tuesday following approximately 5% appreciation over the previous 24-hour period, with the digital asset momentarily reaching $87,000 earlier in the trading week.
This upward momentum resulted in over $1 billion worth of liquidated leveraged cryptocurrency positions. Bearish traders betting against price increases accounted for roughly $844 million of these forced closures.
Bitcoin specifically represented approximately $608 million within these liquidation figures. Market participants are currently monitoring whether additional buying momentum can propel valuations toward subsequent resistance thresholds.
The short squeeze phenomenon seems to have largely concluded, suggesting future price action will require genuine fresh capital inflows.
Technology Index Achieves Unprecedented Peak
The Nasdaq Composite registered a fresh intraday all-time high on Tuesday, continuing a technology-focused advance that commenced earlier in the week.
Alphabet experienced approximately 2% gains, providing upward momentum across the broader technology sector. The benchmark index had previously established a record close during Monday’s session.
Declining crude oil valuations combined with retreating Treasury yields are providing additional support. These dual factors diminish inflationary concerns and reduce capital costs, typically benefiting growth-oriented equities.
Meta’s AI Assistant Drives Massive Stock Rally
Meta has emerged as among the most compelling narratives on Wall Street following the September 8 introduction of its Muse artificial intelligence assistant.
The company’s shares surged beyond 11% during Monday’s session and have appreciated over 20% since the product launch, adding upwards of $200 billion to Meta’s total market capitalization.
Muse accumulated approximately 2.8 million downloads across U.S. and Canadian markets during its initial 12-day period. The artificial intelligence platform handles email correspondence, travel arrangements, and completes commercial transactions.
Market analysts perceive Muse as a potentially transformative revenue channel for Meta extending beyond its established advertising operations.
AMD Enters Elite Trillion-Dollar Valuation Territory
AMD surpassed the $1 trillion market capitalization milestone following a remarkable 9.6% share price surge reaching record levels on Monday.
The semiconductor manufacturer now occupies the same elite valuation category as other leading chip industry giants. AMD equity has appreciated roughly 185% throughout 2026.
Investment community sentiment increasingly positions AMD as a formidable force within AI computing infrastructure, transcending its traditional chip manufacturer identity.
Major Exchange Makes Strategic Stablecoin Investment
Binance committed $100 million toward Circle, the organization responsible for issuing the USDC stablecoin, representing one of the week’s most substantial corporate cryptocurrency transactions.
Circle’s share valuation increased following the announcement. This agreement strengthens the relationship between the planet’s largest cryptocurrency exchange and a prominent stablecoin issuer.
The investment additionally underscores intensifying competition among exchanges, financial institutions, and payment processors seeking expanded influence within the digital dollar ecosystem.
Crude oil’s descent below the $100 per barrel mark contributed to optimistic sentiment across international markets. Brent crude slipped beneath $100 while U.S. benchmark crude traded around $95, supported by indications of potential Middle Eastern supply improvements.
With Bitcoin ascending, the Nasdaq establishing record peaks, and artificial intelligence stocks experiencing explosive growth, risk appetite has decisively returned. The critical question facing traders involves whether markets can sustain these elevated levels approaching week’s end.
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Key Highlights
Shares of PayPal climbed up to 4.8% on Tuesday following the reveal of a Meta partnership that brings Muse AI shopping to the platform
Users of PayPal can now leverage Meta’s Muse AI agent for shopping and completing transactions at merchants across the globe
Meta shares increased approximately 1%, reaching around $748.97 during trading
Shopify revealed a comparable Muse collaboration on Monday, with shares climbing more than 7% over two trading sessions
Amazon restricted Muse access to its marketplace as part of a broader strategy to block competing AI shopping bots
PayPal shares surged as much as 4.8% during Tuesday’s opening session, reaching $55.12, following the announcement of a strategic collaboration with Meta to bring the Muse AI shopping assistant to its ecosystem.
Users of PayPal now have access to Muse personal AI assistants for product discovery and transaction completion at participating retailers around the world. The payment giant shared the partnership details via social platform X.
By late trading hours, PayPal shares had stabilized in the $53.69 to $53.95 range, representing gains of approximately 2% to 2.6% for the session.
Meta shares registered approximately 1% growth on Tuesday, hovering around $748.97 in the wake of the PayPal announcement.
This PayPal agreement followed just 24 hours after Shopify unveiled its own Muse integration. Shopify revealed that users could leverage Muse to discover items from its merchant network and finalize transactions using Shop Pay.
Shopify shares jumped 7.2% on Tuesday to $147.83, building upon a 7.3% increase from Monday when news of the partnership first emerged.
Rapid Momentum for Muse
Meta’s Muse AI assistant has demonstrated remarkable velocity since its debut. In under two weeks from launch, it secured the number one position on Apple’s U.S. App Store this past Friday.
This rapid user uptake has compelled payment and e-commerce companies to accelerate their integration efforts. PayPal and Shopify have both successfully launched Muse checkout functionality.
However, not all major players are embracing the technology. Amazon has implemented restrictions preventing Muse from conducting shopping activities on its site, part of a larger initiative to block competing AI-powered shopping assistants from accessing the platform.
PayPal in the Larger Context
Digital payment providers have been competing intensely to connect with AI-driven shopping platforms as consumer appetite for agent-assisted purchasing continues to expand.
PayPal’s collaboration positions the company alongside Shopify as among the earliest major services to activate Muse checkout functionality.
Meta shares have climbed more than 11% since Monday’s Shopify partnership announcement.
Prior to the announcement, PayPal shares were hovering around $52.62. The jump to $55.12 represented a significant intraday movement on substantial trading volume before experiencing a modest retreat.
The integrations with PayPal and Shopify establish Muse as among the limited number of AI assistants capable of executing complete purchases at meaningful scale.
Muse’s achievement of the top App Store position in the United States as of Friday highlights the extraordinary pace of consumer adoption since the platform’s introduction.
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FUNToken has expanded its list of supported digital assets with the addition of TRUMP on Solana, giving users another way to access $FUN through the FUNToken ecosystem.
With the new support, users can deposit TRUMP (Solana) and have it automatically converted into $FUN with 0% conversion fees. The integration is designed to simplify the process for TRUMP holders who want to access $FUN without first having to manually swap their tokens elsewhere.
The latest addition forms part of FUNToken’s continued effort to broaden token accessibility and make it easier for users holding different digital assets to enter and participate in its ecosystem.
TRUMP Becomes the Latest Supported Token
For users already holding TRUMP on Solana, the integration introduces a more direct route to $FUN.
Instead of converting TRUMP into another supported asset before acquiring $FUN, users can deposit TRUMP through the supported deposit flow. The deposited tokens are then automatically converted into $FUN.
The process comes with 0% conversion fees, reducing an additional cost and step between depositing a supported asset and receiving $FUN.
Once converted, users can access the utilities available to $FUN holders across the broader FUNToken ecosystem.
Expanding the Number of Ways to Access $FUN
The addition of TRUMP continues FUNToken’s expansion of its supported-token infrastructure.
Over time, FUNToken has added support for a wider selection of digital assets, allowing users to access $FUN from tokens they may already hold rather than relying on a single entry route.
This approach is particularly relevant as users increasingly hold assets across different blockchain ecosystems. By supporting a broader range of tokens and handling conversion within the deposit process, FUNToken aims to reduce some of the friction traditionally associated with moving between assets.
TRUMP (Solana) now joins the growing selection of tokens that can be deposited and automatically converted into $FUN.
From Access to Utility
Making $FUN easier to acquire is only one part of FUNToken’s broader ecosystem strategy.
Throughout 2026, the project has continued to expand the ways in which $FUN can be used, with utility spanning areas such as gaming, rewards, staking and other ecosystem features.
This means supported-token integrations are not simply about adding another deposit option. Each new addition creates another potential entry point into the wider $FUN ecosystem.
For TRUMP holders, the latest integration means they can now move from an asset held on Solana to $FUN through a streamlined conversion process, without needing to complete a separate manual swap beforehand.
A Growing Supported-Token Network
FUNToken has steadily broadened the range of assets supported through its automatic conversion system, reflecting a focus on making access to $FUN more flexible.
As the number of supported assets grows, users have more choice over how they enter the ecosystem. Rather than requiring everyone to begin with the same token, FUNToken can provide multiple routes that ultimately lead to $FUN and its growing range of utilities.
The addition of TRUMP (Solana) represents the latest step in that expansion.
Users holding TRUMP can now deposit the token, have it automatically converted into $FUN and pay 0% conversion fees in the process.
For FUNToken, the integration adds another digital asset to its supported-token lineup while continuing a broader push toward simpler and more accessible ways to acquire and use $FUN.
About FUNToken
FUNToken is a blockchain-powered ecosystem centred around $FUN, bringing together gaming, rewards, staking, and expanding token utility within one connected ecosystem.
With a growing range of products, supported tokens, multi-chain access, and reward opportunities, FUNToken continues to create more ways for users to access, earn, hold, and use $FUN.
As FUNToken continues to grow, its focus remains on strengthening real-world utility, improving accessibility, and developing new experiences that place $FUN at the heart of participation across the ecosystem.
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TLDR
NTNX stock falls 0.49% as Nutanix expands its enterprise AI infrastructure push.
Ryax adds smarter GPU scheduling and resource optimization to Nutanix platforms.
Nutanix plans to integrate Ryax technology into future NKP and NAI releases.
The deal targets lower AI infrastructure costs and better hardware efficiency.
Ryax staff will join Nutanix in France, while the deal has limited financial impact.
Nutanix (NTNX) stock traded at $69.70, down 0.49%, after recovering from an intraday low near $69.00. The decline came as Nutanix announced its acquisition of France-based Ryax Technologies. The deal expands Nutanix’s push into enterprise AI infrastructure and hybrid cloud management.
Nutanix, Inc., NTNX
Ryax Deal Expands Nutanix AI Infrastructure Strategy
Nutanix will integrate Ryax’s compute orchestration platform into its Kubernetes and enterprise AI products. The technology focuses on improving GPU and CPU usage across mixed infrastructure environments. It also automates several backend tasks that often slow enterprise AI deployments.
Ryax helps organizations run workloads across private data centers, hyperscalers, and neocloud providers. Its platform manages infrastructure, data, hardware, and code through automated workflows. That approach can reduce manual configuration and shorten the path from testing to production.
Nutanix said the acquisition supports its broader strategy for agentic AI across hybrid environments. The company wants customers to operate AI workloads without rebuilding infrastructure for each location. Ryax adds orchestration tools that can help standardize those deployments across different computing platforms.
Smarter GPU Scheduling Targets Cost and Performance
The acquisition centers on intelligent resource optimization and AI-aware workload scheduling. Ryax assigns computing resources based on workload needs, hardware availability, and operating costs. That capability can help enterprises improve GPU efficiency while reducing idle capacity.
GPU shortages have pushed many organizations toward distributed infrastructure and multiple cloud providers. However, fragmented systems can increase costs and complicate deployment decisions. Nutanix plans to use Ryax technology to simplify those choices through one operating model.
Smart scheduling can also place workloads on lower-cost hardware when performance requirements allow. Meanwhile, higher-priority tasks can move toward stronger computing resources when needed. Nutanix expects this model to improve efficiency without forcing customers into one infrastructure provider.
NTNX Stock Reflects Limited Financial Impact From Deal
Nutanix plans to add Ryax technology to future releases of its Kubernetes and enterprise AI platforms. The Ryax team will join Nutanix operations in France after the transaction. Nutanix said the acquisition will not have a material financial impact.
The company has expanded beyond traditional hyperconverged infrastructure into hybrid cloud software and enterprise AI tools. Its platform now targets application management, data services, virtualization, and workload portability. The Ryax purchase strengthens that shift toward more automated infrastructure management.
For NTNX stock, the immediate reaction remained modest during the session. Shares stayed below the prior close despite recovering from the day’s low. The deal therefore adds a strategic AI infrastructure angle without materially changing near-term financial expectations.

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Key Takeaways
Amit Daryanani from Evercore ISI maintains a $150 price target on CRWV, suggesting approximately 76% potential gains from present trading levels.
The analyst identifies three key competitive strengths: comprehensive service offerings, client-centric approach, and distinctive contractual framework.
The company delivered 112.5% revenue growth year-over-year, reaching $2.58 billion in its latest quarterly report while surpassing earnings per share projections.
Shares currently trade near $85.43, within a 52-week trading range spanning $60.55 to $153.20.
While institutional ownership increases, notable insider share sales and a $3 billion convertible debt issuance warrant investor attention.
CoreWeave shares are currently hovering around $85.43, considerably below the 52-week peak of $153.20, yet a highly-ranked Wall Street analyst believes the recent decline presents a compelling entry point.
Evercore ISI’s Amit Daryanani reaffirmed his Buy recommendation on CRWV with a $150 price objective. This forecast suggests approximately 76% appreciation potential from present valuation levels. Daryanani holds the #13 position among 12,521 analysts monitored on TipRanks, boasting a 73% accuracy rate and delivering average gains of 39.5% per recommendation.
His optimistic outlook stems from three fundamental strengths: extensive product offerings, customer-centric business model, and a contract framework that ensures revenue predictability.
CoreWeave’s Competitive Differentiation
The company’s business model extends beyond simple GPU leasing. Its portfolio encompasses storage solutions, networking infrastructure, managed inference capabilities, and comprehensive services covering the entire AI development cycle, from initial training phases through production deployment. Daryanani projects these complementary offerings will exceed $500 million in annual recurring revenue by the conclusion of 2026, maintaining growth rates above 100% year-over-year.
The organization maintains a diversified customer base spanning AI research laboratories, enterprise clients, hyperscale cloud providers, and government entities. Notably, it eliminates data transfer charges, which represents a significant expense reduction for clients handling massive data volumes.
Regarding contractual arrangements, CoreWeave emphasizes longer-duration agreements, providing enhanced revenue forecasting capabilities. The firm simultaneously pursues shorter-term contracts at elevated pricing levels, with recent arrangements reportedly commanding approximately $40 million per megawatt.
Financial Performance Metrics
The company’s latest quarterly results revealed revenue of $2.58 billion, representing 112.5% year-over-year expansion. Earnings performance exceeded analyst expectations by $0.38 per share, with a reported loss of $1.14 per share compared to consensus estimates of a $1.52 loss.
However, profitability remains elusive. The firm operates with a negative net margin of 25.41% and maintains a debt-to-equity ratio of 5.53. Wall Street forecasts anticipate a full-year loss of $5.19 per share.
Additionally, CoreWeave recently disclosed plans for a $3 billion convertible notes issuance, including provisions for an extra $500 million. This financing initiative highlights substantial capital requirements and introduces potential shareholder dilution concerns.
Institutional Investment and Insider Transactions
Multiple institutional investors expanded their stakes during Q2. Nykredit A/S established a $7.71 million position. Virginia Retirement Systems opened a new holding valued at approximately $8.67 million. Ameritas Advisory Services boosted its investment by over 860%.
Conversely, company insiders have been reducing holdings. CEO Michael Intrator divested 278,560 units in late June at an average price of $97.43. Magnetar Financial, a major shareholder, sold 307,131 units in August at $108.75, reducing its stake by 58%. Insider selling totaled $569 million over the previous 90 days.
Analyst sentiment remains mixed. Among 35 analysts tracking CRWV, 21 recommend Buy, 10 suggest Hold, and four advise Sell. The consensus price target stands at $138.90, implying approximately 63% upside from current trading levels.
Rothschild and Co. Redburn recently initiated coverage with a Sell rating and $54 target, highlighting concerns about declining GPU pricing pressuring CoreWeave’s economic model. Rosenblatt Securities represents the bullish extreme with a $250 price objective.
The company has successfully deployed Nvidia’s Vera Rubin rack-scale systems and elevated its 2026 revenue guidance to a range between $12.4 billion and $13.2 billion, following reported 2025 revenue of $5.1 billion.
The post CoreWeave (CRWV) Stock: Analyst Projects 76% Surge With $150 Target Price appeared first on Blockonomi.

Key Highlights
Shares of Amgen rose approximately 4% during premarket hours Tuesday following encouraging Phase 3 data for dazodalibep in treating Sjögren’s disease
The OASIZ 301 clinical trial achieved its primary goal, demonstrating statistically significant improvements in systemic disease severity at the 48-week mark
Positive changes in patient outcomes emerged as soon as Week 4 and remained consistent throughout the complete 48-week trial duration
No FDA-approved medications currently exist for Sjögren’s disease, positioning dazodalibep as a pioneering therapeutic option
Complete trial findings will be shared at an upcoming medical conference; a companion Phase 3 trial is anticipated to conclude in the fourth quarter of 2026
Amgen (AMGN) shares climbed approximately 4% during premarket hours on Tuesday, reaching $406.02 shortly after market open, following the biotechnology company’s announcement of encouraging topline data from its Phase 3 clinical trial evaluating dazodalibep, an investigational therapy for Sjögren’s disease.
The clinical study, designated OASIZ 301, successfully achieved its primary goal. Participants demonstrated statistically significant improvements in systemic disease severity at the 48-week mark, as assessed using the EULAR Sjögren’s Syndrome Disease Activity Index (ESSDAI).
The rally lifted AMGN shares back above their 50-day moving average threshold.
The clinical trial included approximately 621 participants diagnosed with moderate-to-severe systemic Sjögren’s disease. Data revealed meaningful improvements beginning at Week 4, with these benefits maintained throughout the entire 48-week observation period.
Sjögren’s represents a systemic autoimmune disorder characterized by dryness, persistent fatigue, chronic pain symptoms, and potential involvement of vital organs. Currently, no medications have received FDA approval specifically for this condition.
This absence of approved therapies represents a significant market opportunity. Should dazodalibep successfully navigate the regulatory approval process, it would become the inaugural FDA-sanctioned treatment option for Sjögren’s disease.
Mechanism of Action Behind Dazodalibep
Dazodalibep functions as a CD40L antagonist fusion protein. Its mechanism involves blocking the interactions among T cells, B cells, and additional immune system components that perpetuate the disease process.
Jay Bradner, Amgen’s executive vice president of research and development, noted that both the rapid onset and sustained nature of the trial outcomes strengthened the organization’s belief in the therapeutic candidate and its broader Phase 3 development program.
The trial’s most frequently reported adverse events included nasopharyngitis, urinary tract infections, elevated blood pressure, and reactions related to infusion administration. The majority of these events were classified as mild to moderate in severity. Treatment discontinuation rates attributed to adverse effects remained minimal and comparable between the active treatment arm and placebo group.
Market Competition Analysis
Amgen faces competition in this therapeutic area. Novartis (NVS) is advancing ianalumab, an alternative Sjögren’s treatment candidate that employs a distinct mechanism by targeting the BAFF protein pathway.
In clinical testing, ianalumab demonstrated improvements ranging from 1 to 1.3 points versus placebo on a 42-point symptom assessment scale. Leerink Partners analyst David Risinger anticipates regulatory approval for ianalumab within the next several months.
Risinger maintains a market perform rating on AMGN shares.
Amgen intends to share comprehensive data from the OASIZ 301 trial at a forthcoming medical conference. This detailed presentation will enable investors to better evaluate dazodalibep’s comparative profile against ianalumab.
An additional Phase 3 investigation, OASIZ 303, is evaluating dazodalibep in participants with moderate-to-severe symptomatic Sjögren’s disease. This companion study is projected to complete during the fourth quarter of 2026.
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