Oracle

Oracles are essential infrastructure components that feed real-time, off-chain data (such as price feeds, weather, or sports results) into blockchain smart contracts. Without decentralized oracles like Chainlink and Pyth, DeFi could not function. In 2026, oracles have evolved to support verifiable randomness and cross-chain data synchronization. This tag covers the technical evolution of data availability, tamper-proof price feeds, and the critical role oracles play in ensuring the deterministic execution of complex decentralized applications.

5092 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
PA Daily News | Upbit Suspends Access After 54 Billion Won Asset Theft by Solana; Do Kwon Says 5-Year Imprisonment Sufficient for Terra Case

PA Daily News | Upbit Suspends Access After 54 Billion Won Asset Theft by Solana; Do Kwon Says 5-Year Imprisonment Sufficient for Terra Case

Today's top news highlights: BlackRock's SIO fund's IBIT holdings have increased to 2.39 million units, a quarterly increase of approximately 14%. Do Kwon stated that a five-year prison sentence would be sufficient to address the Terra fraud case. Tom Lee appears to have abandoned his prediction that Bitcoin will reach $250,000 by the end of the year. Binance HODLer airdrop launches APRO (AT) Tether's CEO responded to S&P's ratings: "We are proud of your hatred," acknowledging the flaws in traditional rating models. Solana ecosystem tokens surged on Upbit, with ORCA and MET2 rising by over 90%. Upbit: Approximately 54 billion Korean won in assets were stolen from Solana; access has been suspended and a full investigation is underway. A data dashboard released by the founder of Hashed shows that Ethereum is undervalued by 56.9%. Macro Do Kwon stated that a five-year prison sentence would be sufficient to address the Terra fraud case. According to Bloomberg, Terra founder Do Kwon stated in an interview that he believes the five-year prison sentence for the Terra crypto fraud case is sufficient. Previously, the Terra ecosystem experienced market turmoil due to the collapse of the UST stablecoin, resulting in huge losses for investors and sparking widespread controversy. The final verdict in the case is still pending. Visa partners with AquaNow to speed up settlements using stablecoins. According to Jinshi News, Visa (VN) has partnered with AquaNow to enable faster settlements by using stablecoins. Bank for International Settlements report: Tokenized money market funds surpass $9 billion in size. According to Cryptopolitan, a recent report from the Bank for International Settlements (BIS) indicates that total assets in tokenized money market funds have surged from $770 million at the end of 2023 to nearly $9 billion, becoming a key source of collateral for the crypto ecosystem. The institution warns that while these assets offer the "flexibility of stablecoins," they also bring substantial operational and liquidity risks. The BIS identifies liquidity mismatch as a major risk of tokenized money market funds. It points out that although investors can redeem their tokenized fund units daily, the underlying assets still adhere to the traditional T+1 settlement mechanism. During periods of market stress, concentrated redemption demand will expose this structural risk. The organization further notes that the market is still in its early stages, and solutions are constantly being refined, such as the Distributed Ledger Repurchase (DLR) system launched by fintech company Broadridge, which enables same-day settlement of tokenized government bond transfers. Australia is strengthening its regulation of cryptocurrency platforms through legislation. According to Decrypt, Australia is strengthening its regulation of crypto exchanges and custody platforms through legislation. The government says the bill, which imposes millions of dollars in fines on companies that fail to protect customer assets, is expected to unlock $24 billion in productivity gains annually. On Wednesday, Treasurer Jim Chalmers and Financial Services Minister Daniel Mulino introduced the Corporations Act Amendment (Digital Asset Framework) Bill 2025, which establishes the country's first comprehensive regulatory framework for businesses holding digital assets on behalf of customers. The bill was introduced and completed its first reading on Wednesday, entering its second reading on the same day. The bill introduces two new categories of financial products under the Corporations Act. Digital asset platforms cover venues where operators hold customers' crypto assets and provide trading functionality, such as transfers, buying, selling, or staking. Tokenized custody platforms handle real-world assets such as bonds, property, and commodities; licensed operators must hold each underlying asset and issue a single redeemable token that customers can redeem for its original form. Platforms must hold an Australian Financial Services License and comply with the Australian Securities and Investments Commission (ASIC)'s custody and settlement standards, including how to protect assets, execute trades, process customer instructions, and obtain liquidity. Low-risk operators with average client assets below $5,000 and transaction volume below $10 million are exempt from full licensing. Ripple's stablecoin RLUSD has been approved for use as a recognized fiat-pegged token in the Abu Dhabi Global Market. According to official sources, Ripple has announced that its USD-backed stablecoin, Ripple USD (RLUSD), has been recognized as an “approved fiat-pegged token” by the Abu Dhabi Financial Services Regulatory Authority (FSRA) and can be used within the Abu Dhabi Global Market (ADGM), an international financial center in Abu Dhabi, the capital of the United Arab Emirates (UAE). Starting today, Tether will suspend redemption services for its Euro stablecoin EURT. According to its official blog, Tether has released a final update on the previously announced discontinuation of its Euro stablecoin, EURT. As part of the finalization process, Tether will cease redemption services for EUR₮ on all supported blockchains on November 27, 2025. Tether had previously stopped minting EURT, with the last subscription request processed in 2022, and no new EURT issuance applications will be accepted. Last November, Tether announced it was ceasing EURT issuance due to the European regulatory environment. The United States will extend some tariff exemptions on Chinese goods until November 10, 2026. According to Jinshi News, on November 26 local time, the Office of the United States Trade Representative announced that it would extend the tariff exemptions imposed under Section 301 investigations concerning Chinese technology transfer and intellectual property rights until November 10, 2026. The existing exemptions were originally scheduled to expire on November 29 of this year. The World Federation of Exchanges is urging the U.S. Securities and Exchange Commission (SEC) not to allow crypto companies to "bypass" the rules. According to Reuters, the World Federation of Exchanges (WFE), an international non-profit organization of major global stock exchanges, stated in a letter to the U.S. Securities and Exchange Commission (SEC) this week that the regulator's proposed plan to allow crypto companies to sell "tokenized" stocks without regulation could harm investor interests. Several crypto companies plan to sell crypto tokens linked to listed stocks; however, to sell such products in the U.S., unregistered crypto companies need a no-action letter or exemption from the SEC. SEC Chairman Paul Atkins stated that the agency is working on developing an "innovation exemption" provision in securities law to allow crypto companies to experiment with new business models. The WFE letter points out that exemptions could pose risks to market integrity and weaken investor protection. WFE CEO Nandini Sukumar stated, "The SEC should avoid granting exemptions to companies attempting to circumvent regulatory principles that have protected markets for decades." The SEC published the WFE letter on its website but declined to comment. James Auliffe, head of the WFE's technical working group, stated, "We and cryptocurrency platforms should compete on a level playing field, and we should be subject to the same rules." JPMorgan expects the Federal Reserve to cut interest rates in December, overturning its forecast from a week ago. According to Jinshi News, JPMorgan Chase economists have revised their forecasts, now believing the Federal Reserve will begin cutting interest rates in December, reversing the bank's assessment a week earlier that policymakers would postpone rate cuts until January. A research team led by the bank's chief U.S. economist, Michael Feroli, said on Wednesday that statements from several key Fed officials (particularly New York Fed President Williams) supporting recent rate cuts prompted them to reassess the situation. Following the delayed release of the September jobs report last week, JPMorgan Chase had initially predicted that interest rates would remain unchanged in December. Currently, JPMorgan Chase expects the Fed to implement two 25-basis-point rate cuts, one in December and one in January. "We are re-locking our final rate cut timing to January," Feroli wrote in a report to clients. "While the outcome of the next FOMC meeting remains uncertain, we believe the latest round of statements from Fed officials has tipped the scales in favor of a December rate cut." Federal Reserve Beige Book: Economic activity was largely unchanged in recent weeks, but consumer polarization intensified. According to Jinshi News, the Federal Reserve's Beige Book showed that U.S. economic activity remained largely unchanged in recent weeks, with overall consumer spending declining further except for high-end consumers. The Beige Book noted a slight weakening in the U.S. job market and moderate price increases. The Fed stated in the report, "The overall economic outlook remains stable, with some surveyed businesses warning of risks of an economic slowdown in the coming months, while the manufacturing sector expressed cautious optimism." Due to the disruption of key economic data collection caused by the longest government shutdown in U.S. history, which lasted until November 12, field surveys reflecting the actual situation of businesses and consumers have been closely watched in recent months. Fed officials will not be able to obtain complete labor market and inflation data for October and November before the December policy meeting. Opinion Analysis: Bitcoin faces selling pressure related to ETFs around $95,000, which may reinforce its range-bound trading pattern. Singapore-based crypto investment firm QCP Capital analyzed that Bitcoin stabilized after a slight rebound, which appears to be related to improved risk sentiment rather than specific crypto-related drivers. Meanwhile, the stock market rose slightly, and the market currently estimates an 85% probability of a December rate cut. Inflation remains stubbornly high, and labor market data continues to be weak, including rising unemployment. The balance in statements from Federal Reserve officials has tilted slightly towards easing. Given the limited number of other important economic data releases this week, market attention will turn to the jobless claims and ADP employment report to be released later this week. The widening of AI-related credit default swaps (CDS) and technology credit spreads indicates that investors are reassessing this dominant macroeconomic driver. Crypto ETFs continue to see net outflows, and several digital asset products have been liquidated. Most products are currently trading below $1 per unit of net asset value, reflecting increased risk aversion in the market. With Strategy's Bitcoin reserves nearing break-even and its stock placed on MSCI's delisting watch list, Strategy's problems are once again under scrutiny. As the year draws to a close, Bitcoin faces the dual impact of negative capital flows and supportive option structures. The correlation between AI-related stocks has increased, while the Fear & Greed Index has declined. Demand for downside protection remains high, and although open interest still leans towards call options, both position size and implied volatility have decreased. A rebound in Bitcoin prices to around $95,000 could encounter ETF-related selling pressure, reinforcing its range-bound trading pattern. Following the recent sharp decline, the $80,000 to $82,000 range remains a key support level. The crypto market continues to serve as a barometer of overall market risk appetite, with macroeconomic drivers still firmly controlling market direction. Cathie Wood: Crypto Liquidity Tightening May Reverse in the Coming Weeks Cathie Wood, founder of Ark Invest, posted on the X platform that the liquidity crunch in the AI and crypto industries may reverse in the coming weeks, a view that seems to be shared by the market. It is understood that Ark Invest had previously begun buying on dips in several crypto-related stocks, including Block, Circle, Coinbase, Bullish, and Robinhood. Tom Lee appears to have abandoned his prediction that Bitcoin will reach $250,000 by the end of the year. According to Cointelegraph, BitMine Chairman Tom Lee appears to have abandoned his widely touted prediction that Bitcoin would reach $250,000 by the end of the year. He now only states that Bitcoin "might" return to its all-time high of $125,100 reached in October by the end of the year. In an interview with CNBC on Wednesday, Lee said, "I think there's still a good chance that Bitcoin will break $100,000 by the end of the year, and it might even reach a new high." This appears to be the first time Lee has publicly downplayed his target of $250,000 by the end of the year, a target he proposed in early 2024 and continued to reiterate in early October. Tether's CEO responded to S&P's ratings: "We are proud of your hatred," acknowledging the flaws in traditional rating models. Tether CEO Paolo Ardoino responded to S&P's rating on the X platform, stating: "We are proud of your 'hatred' for Tether. Those classic rating models designed for traditional financial institutions have historically led countless individuals and institutions to invest in companies that, despite receiving investment-grade ratings, ultimately failed. This has prompted global regulators to question these models themselves, as well as the so-called independence and objective assessment capabilities of all major rating agencies. When a company attempts to challenge the 'gravity' of this broken financial system, the propaganda machine of traditional finance becomes increasingly anxious—no company should dare to decouple from it. Tether, however, has built the first company in the financial industry that is over-capitalized and does not hold any toxic reserve assets. And we still maintain extremely high profitability. Tether itself is a living example that the traditional financial system is so riddled with holes that even those nominal 'emperors' are beginning to fear it." Previously, S&P Global downgraded USDT's stability rating to the lowest level, warning of the risks of Bitcoin exposure. Project Updates Binance HODLer airdrop launches APRO (AT) Binance announced the official launch of APRO (AT), the 59th HODLer airdrop project. This project is a data oracle protocol that provides real-world information to blockchain networks. Users who subscribe to principal-protected earning products (fixed-term or flexible) or on-chain earning products using BNB between 08:00 on November 4th and 07:59 on November 7th, 2025, will receive an AT airdrop allocation. The AT deposit channel will open at 18:30 on November 27th and trading will commence at 22:00, supporting USDT, USDC, BNB, and TRY trading pairs, subject to seed tag trading rules. The total supply of AT tokens is 1 billion, with 2% allocated to the HODLer airdrop and 23% in circulating supply. Bithumb will launch the IRYS Korean Won trading pair. Bithumb announced that it will launch the IRYS Korean Won trading pair. Binance Alpha will launch on GaiAi (GAIX) on November 29th. Binance Alpha will list GaiAi (GAIX) on November 29th, marking the platform's first foray into the project. Eligible users can claim airdrop rewards using Binance Alpha Points through the Alpha Events page after trading begins. Upbit: Approximately 54 billion won in assets were stolen from Solana; access has been suspended and a full investigation is underway. South Korean cryptocurrency exchange Upbit has announced that it has suspended deposit and withdrawal services and is conducting a comprehensive investigation. Around 04:42 local time on November 27, 2025, Upbit confirmed that 54 billion Korean won (approximately US$36.81 million) of Solana network-related assets were transferred to an unknown external wallet. The digital assets involved include 2Z, ACS, BONK, DOOD, DRIFT, HUMA, IO, JTO, JUP, LAYER, ME, MEW, MOODENG, ORCA, PENGU, PYTH, RAY, RENDER, SOL, SONIC, SOON, TRUMP, USDC, and W. To protect user assets, Upbit immediately took the following measures: 1. All assets have been transferred to a secure cold wallet to prevent further abnormal transfers; 2. On-chain freezing attempts have been initiated, and cooperation with law enforcement investigations is underway; 3. A comprehensive security check of deposits and withdrawals is being conducted. Upbit stated that it has confirmed the scale of the losses caused by the abnormal withdrawals and plans to fully compensate for them using its own assets to ensure that user assets are not affected. Bithumb will discontinue its Tether-based order book sharing service under regulatory pressure. According to DL News, South Korean financial regulators have urged Bithumb to suspend its Tether (USDT) market service, which allows customers to buy and sell Bitcoin and nine high-market-cap altcoins using USDT. Bithumb stated that the service is still in the testing phase and that it has reached an order book sharing agreement with Australian cryptocurrency exchange Stellar. Due to system maintenance, Bithumb plans to shut down the service on November 28th for restructuring to "provide a more stable and advanced trading environment," adding that it will announce the reopening date separately. Some analysts believe this move may stem from regulators' distrust of the exchange's ability to fulfill anti-money laundering obligations, potentially leading to the termination of order book sharing with international partners. Sources indicate that the crypto industry generally believes Bithumb has effectively abandoned the service after two months of intensive investigation and pressure from financial regulators. Shortly after launching its USDT market service, the Financial Intelligence Unit (FIU) summoned the exchange's CEO, expressing concerns that the service could expose domestic customers to personal data breaches and money laundering risks. According to South Korean media outlet Newsis, Bithumb also underwent additional on-site inspections by the FIU regarding its order book. Lido's new proposal suggests expanding the business to a broader DeFi product portfolio and outlines four strategic goals for 2026. The Lido community has released the "GOOSE-3" proposal, aiming to expand its business from a single staking product to a broader portfolio of DeFi products. For the 2026 cycle, the proposal sets four main goals: expanding the staking ecosystem, ensuring protocol resilience (Lido Core upgrade), expanding new revenue streams for the DAO—Lido Earn, and exploring vertical expansion and real-world business applications. The proposal also outlines a three-year vision, including: making staking a mature and profitable product line; strengthening sustainability and driving revenue growth through vertical (building end-products) and horizontal (expanding into new assets such as stablecoins); and becoming a major gateway for real-world capital into DeFi. The proposal was submitted to the Lido DAO by the Lido Labs Foundation, the Lido Ecosystem Foundation, and the Lido Alliance BORG, all of which are funded by the Lido DAO. The proposal states that if adopted, the Lido DAO will adopt this goal as a strategic direction by expanding its staking product line, developing end-user products that unlock higher value, broadening its product range, attracting new demand, and diversifying its revenue streams. A data dashboard released by the founder of Hashed shows that Ethereum is undervalued by 56.9%. According to Beincrypto, Simon Kim, founder of venture capital firm Hashed, has launched a real-time dashboard that estimates Ethereum's fair value at $4,747.4. With Ethereum currently trading at $3,022.3, this tool indicates that Ethereum is undervalued by 56.9%. The dashboard updates every two minutes and uses eight different valuation models. The Ethereum valuation dashboard blends traditional financial and crypto-native analytical methods. It employs eight models to assess Ethereum's intrinsic value, including three traditional financial methods: discounted cash flow (DCF, relying on staking yield), price-to-earnings ratio (P/E, set at 25x), and revenue yield analysis; and five crypto-specific metrics: TVL multiple, staking scarcity, market capitalization and TVL fair value, Metcalfe's Law, and Layer 2 ecosystem valuation. Important data Solana ecosystem tokens surged on Upbit, with ORCA and MET2 rising by over 90%. This morning, Upbit discovered that approximately 54 billion Korean won (about $36 million) of Solana network assets had been transferred to an unknown external wallet. Affected assets include multiple Solana ecosystem tokens such as ORCA, DOOD, RAY, and LAYER. Upbit has suspended all deposits and withdrawals and is conducting a comprehensive system check. Currently, the prices of low-market-cap Solana project tokens on the Upbit platform have surged, with ORCA up 92.51%, MET2 up 94.41%, and RAY up 51.07%. Previously, Upbit reported that approximately 54 billion Korean won of Solana network assets had been stolen and that deposits and withdrawals had been suspended for a comprehensive investigation. Beosin: After Upbit was hacked for approximately 54 billion Korean won, a Binance address received the stolen OL in batches. According to Beosin Trace's analysis, Upbit experienced an abnormal outflow of approximately $36 million (about 54 billion Korean won) in crypto assets from the Solana network, and some of the funds have already begun to be transferred. Among them, a Binance exchange user address (2zRELfpr2KUyLoCAbo9KDTFFNXTP3JjFE3GZLxAgC2S8) received the abnormal outflow of $SOL from Upbit from multiple intermediary addresses after the incident, currently receiving a total of $2202.72 $SOL (worth approximately $315,000). Earlier today, Upbit reported that approximately 54 billion Korean won in assets had been stolen from the Solana network and that it had suspended deposits and withdrawals to conduct a comprehensive investigation. IRYS surged 18.6% in a short period, reaching a high of $0.052. According to Binance Alpha data, IRYS briefly surged 18.6%, reaching a high of $0.052, and is currently trading at $0.048, representing a 71% increase in the past 24 hours. Previously, it was reported that Bithumb would launch an IRYS-Korean Won trading pair. 52.4% of Monad airdrop claim addresses have sold or transferred all of their quotas. According to Adam's statistics, of the 76,021 wallets that received the Monad airdrop, 39,796 wallets (52.4%) have sold or transferred all of their quotas; 27,133 wallets (35.7%) still hold all of their quotas; 5,728 wallets (7.5%) have sold/transferred more than 50% of their quotas; and 3,364 wallets (4.4%) have sold/transferred less than 50% of their quotas. Arthur Hayes further increased his holdings in ENA, PENDLE, and ETHFI by a total of $1,418,800. According to Onchain Lens monitoring, Arthur Hayes has further increased his holdings of ENA, PENDLE, and ETHFI tokens. In the past 30 minutes, he received 2.01 million ENA (worth $571,600), 218,000 PENDLE (worth $589,800), and 339,900 ETHFI (worth $257,400) from Cumberland. An ancient whale that has interacted with the Ethereum Foundation has purchased 7318.56 ETH on-chain since yesterday. According to on-chain analyst @ai_9684xtpa, an ancient ETH whale who interacted with the Ethereum Foundation 10 years ago is accumulating shares. Starting yesterday, he bought 7318.56 ETH on-chain at an average price of $3016.09, worth $22.07 million. His most recent purchase was 40 minutes ago. He previously sold 12575 ETH at the ETH high on August 9th, at a cost as low as $0.875, and currently still holds 10529 ETH. Edel Finance's affiliated wallet has been accused of "buying up" 30% of the token supply, and its co-founder has denied the allegations. According to Cryptopolitan, blockchain analytics platform Bubblemaps has accused Edel Finance of snapping up 30% of the token supply ($11 million) during its token offering earlier this month. Their report indicates that approximately 160 linked wallets coordinated funding through Binance and MEXC, completing the purchase through a multi-layered new wallet structure before trading began. Half of the tokens were transferred to 100 secondary wallets linked to MEXC. These wallets employed a uniform obfuscation strategy, and the contract code explicitly contained the secondary wallet addresses, proving they were deliberately hidden. Furthermore, Edel failed to disclose this operation on Telegram, Twitter, or in official documents, raising concerns about transparency. Edel co-founder James Sherborne responded that the team planned to acquire 60% of the token supply and then lock it in a vesting contract. However, Bubblemaps countered that their token economics only allowed the team to obtain 12.7% of the tokens through a 36-month vesting plan (including a 6-month lock-up period). Bubblemaps argues that if Edel were sincere, it should have allocated the tokens in advance according to token economics, rather than employing a hiding strategy, questioning the legitimacy of their actions. Edel Finance reportedly aims to bring traditional stocks to on-chain lending, and its team includes former State Street and JPMorgan Chase employees. Investment and Financing/Acquisition The merger of Naver and Upbit will result in approximately $6.8 billion being invested in AI and blockchain technologies. According to The Block, South Korean IT giant Naver and Dunamu, the parent company of cryptocurrency exchange Upbit, plan to invest 10 trillion won (approximately $6.8 billion) over the next five years to build a next-generation financial infrastructure based on the integration of AI and blockchain. On Wednesday, Naver Financial, Naver's fintech arm, confirmed it would acquire Dunamu through a share swap. On Thursday, the two companies held a joint press conference in Seoul, attended by leaders from all three parties. Dunamu President Song Chi-hyung stated that the three companies will jointly build a system to create a "new global framework," expanding their business from payment settlement to the entire financial sector. Naver CEO Choi Soo-yeon stated that the company sees new opportunities at a "critical juncture" in the popularization of blockchain and the transition to AI-powered intelligent agents. Meanwhile, according to BlockMedia, Dunamu CEO Oh Kyung-seok stated that Naver and Dunamu will also begin work on launching a stablecoin pegged to the Korean won. SpaceComputer raises $10 million in seed funding to support secure blockchain computing from space. According to The Defiant, space computing startup SpaceComputer has raised $10 million in seed funding, co-led by Maven11 and Lattice, with participation from Superscrypt, the Arbitrum Foundation, Nascent, Offchain Labs, Hashkey, and Chorus One. Individual investors include Marc Weinstein, Jason Yanowitz, and Ameen Soleimani. The company plans to build a satellite network to provide secure computing services for blockchain from space. SpaceComputer will use the funds to launch satellites equipped with SpaceTEE secure computing hardware, creating an orbital network that enables privacy-preserving computing and secure record-keeping. Its co-founders stated that the opportunities that space presents for decentralized technology are undeniable, and more and more applications will incorporate space computing layers. Previously, JPMorgan Chase's digital assets division conducted tokenized value transfer tests using low-Earth orbit satellites. The company is known for its satellite tests on SpaceX's Falcon 9 rockets and is currently collaborating with universities such as the Technical University of Munich and Cornell Technology to explore extraterrestrial blockchain computing. Vitalik donated 128 ETH each to Session and SimpleX to support private communications. Ethereum co-founder Vitalik Buterin published an article on the X platform stating that encrypted communication tools like Signal are crucial for protecting user digital privacy. Currently, there are two key directions for advancement in this field: enabling permissionless account creation and ensuring metadata privacy. The instant messaging applications Session and SimpleX are actively exploring these directions. To this end, Buterin donated 128 ETH to each of them. However, Buterin pointed out that these two software programs are still imperfect and have not yet reached the ideal user experience and security performance. He stated, “Achieving strong metadata privacy protection requires decentralization, but decentralization is difficult, and users’ demand for multi-device support adds to the difficulty. At the same time, achieving Sybi/DoS resistance capabilities on the message routing network and the user end (not forcibly relying on mobile phone numbers) further increases the technical difficulty. These complex issues urgently require more professional attention and research.” DWF Labs launches $75 million DeFi investment fund According to The Block, crypto market maker DWF Labs has announced a new $75 million investment fund focused on decentralized finance (DeFi), targeting projects built on Ethereum, BNB Chain, Solana, and Base. This expands DWF's "incubation and venture capital building efforts," specifically seeking to invest in the next wave of founders focused on "solving real structural problems in areas such as liquidity, settlement, credit, and on-chain risk management, rather than incremental improvements to existing protocols." This includes tools such as perpetual DEXs with dark pools, on-chain money markets, and fixed-income or yield-generating products, areas "expected to see significant growth" as liquidity continues to migrate structurally on-chain. The new fund is funded by its own capital and is not currently accepting new investors. Institutional holdings Nasdaq ISE proposes raising the open interest cap for IBIT options to 1 million contracts. According to the Federal Register and several analysts, Nasdaq ISE has proposed raising the option position cap for BlackRock's Bitcoin spot ETF, IBIT, from 250,000 contracts to 1 million contracts. This cap was previously raised from 25,000 contracts in July 2025. Analysts say the proposal sends three significant signals: Surge in demand: ISE states that demand for IBIT options will continue to grow in 2025, and the current cap is limiting large institutional operations; Bitcoin's rise to "elite" status: The 1 million contract cap only applies to global systemic ETFs such as EEM and FXI, indicating that Bitcoin is being viewed as a core macro asset; Unlocking billions of dollars in hedging capacity: The existing 25,000 contract cap only supports approximately $125 million in hedging positions, far from meeting the needs of sovereign wealth funds or pension funds. If the proposal passes, it will open up over $1 billion in option hedging capabilities for them. SpaceX has transferred 1,163 BTC to a new address, worth approximately $105 million. According to Onchain Lens, SpaceX has transferred 1,163 BTC to a new address, worth $105.23 million. BlackRock's SIO fund's IBIT holdings have increased to 2.39 million units, a quarterly increase of approximately 14%. According to SEC filings, BlackRock’s Strategic Income Opportunities held 2,397,423 IBIT units as of September 30, worth approximately $155.8 million at the time, an increase of about 14% from the 2,096,447 units filed in June.

Author: PANews
Dow Jones futures steady as Fed rate-cut bets rise with Hassett news

Dow Jones futures steady as Fed rate-cut bets rise with Hassett news

The post Dow Jones futures steady as Fed rate-cut bets rise with Hassett news appeared on BitcoinEthereumNews.com. Dow Jones futures are steady around 47,500 during Thursday’s European session, while S&P 500 and Nasdaq 100 futures also hold firm, edging up 0.03% and 0.08% to roughly 6,830 and 25,300, respectively. US markets will remain closed as traders observe the Thanksgiving holiday. US index futures remain positive amid rising odds of Federal Reserve (Fed) rate cut bets in December. Fed rate expectations increased by reports that the White House has narrowed its search for the next Fed chair to National Economic Council Director Kevin Hassett. Investors see Hassett as supportive of US President Donald Trump’s preference for lower interest rates. US data showed unexpectedly low Initial Jobless Claims and stronger-than-expected Durable Goods Orders, yet rate-cut expectations remained intact. The CME FedWatch Tool suggests that markets are now pricing in a more than 85% chance that the Fed will cut its benchmark overnight borrowing rate by 25 basis points (bps) at its December meeting, up from the 39% probability that markets priced a week ago. Wall Street advanced across the board in Wednesday’s regular session as AI-related stocks regained momentum. The Dow Jones climbed 0.8%, the S&P 500 gained 0.8%, and the Nasdaq 100 rose 0.9%. Oracle led the rally, jumping 4% after Deutsche Bank analyst Brad Zelnick reaffirmed his bullish stance on the company’s cloud infrastructure business. Zelnick reiterated, in a note to clients, his buy rating and projected a potential upside of 90.3% for the stock. Dow Jones FAQs The Dow Jones Industrial Average, one of the oldest stock market indices in the world, is compiled of the 30 most traded stocks in the US. The index is price-weighted rather than weighted by capitalization. It is calculated by summing the prices of the constituent stocks and dividing them by a factor, currently 0.152. The index was founded by…

Author: BitcoinEthereumNews
Architecture, Not Regulation, Is the Bottleneck

Architecture, Not Regulation, Is the Bottleneck

The post Architecture, Not Regulation, Is the Bottleneck appeared on BitcoinEthereumNews.com. The siren song of Tokenized Real-World Assets (RWA) has become the dominant melody across the financial landscape. It represents the ultimate fusion of Wall Street’s capital and Silicon Valley’s cryptographic innovation, promising to unlock trillions of dollars in global capital, usher in continuous 24/7 trading, and eradicate the archaic settlement lags that plague traditional finance (TradFi). RWA tokenization is not merely a technological upgrade; it is the blueprint for a programmable economy. Yet, despite this monumental potential and the aggressive entry of financial giants, the movement struggles to move beyond the sophisticated but contained proof-of-concept (PoC) stage. This essay argues that the bottleneck is not fundamentally regulatory, though compliance remains critical, but architectural. The clash between TradFi’s legacy systems, built for delayed reconciliation and centralized oversight, and the blockchain’s ethos of real-time, deterministic code execution, presents a formidable hurdle. To successfully cross this Tokenization Tightrope, the industry must bridge a profound divide in operational philosophy. To dissect the complexity of this transition, we draw upon the expertise of industry leaders: Arthur Firstov, CBO of Mercuryo; Federico Variola, CEO of Phemex; Vivien Lin, CPO & Head of BingX Labs; Lucien Bourdon, Bitcoin Analyst at Trezor; Bernie Blume, Founder and CEO of Xandeum Labs; Patrick Murphy, Managing Director UK & EU of Eightcap; and Vugar, Chief Operations Officer (COO) of Bitget. Their collective insights reveal that scaling tokenization requires nothing short of a complete structural re-engineering of how financial institutions manage risk, custody, and compliance. The Architect vs. The Regulator: Scaling Beyond the Sandbox The first challenge to be addressed is the pervasive belief that regulatory uncertainty is the chief antagonist of tokenization. While clear legal frameworks, such as the EU’s MiCA regulation or Germany’s eWpG, are essential for institutional comfort, the real impedance lies deep within the operational core of finance.…

Author: BitcoinEthereumNews
Binance HODLer airdrop launches APRO (AT)

Binance HODLer airdrop launches APRO (AT)

PANews reported on November 27th that Binance announced the official launch of APRO (AT), the 59th HODLer airdrop project. This project is a data oracle protocol that provides real-world information to blockchain networks. Users who subscribe to principal-protected earning products (fixed-term or flexible) or on-chain earning products using BNB between 08:00 on November 4th and 07:59 on November 7th, 2025, will receive an AT airdrop allocation. The AT deposit channel will open at 18:30 on November 27th and trading will commence at 22:00, supporting USDT, USDC, BNB, and TRY trading pairs, and subject to seed tag trading rules. The total supply of AT tokens is 1 billion, of which 2% is allocated to HODLer airdrops and 23% is available for public circulation.

Author: PANews
Chainlink Short-Term Rally Fueled by ETF News Amid Mixed Market Signals

Chainlink Short-Term Rally Fueled by ETF News Amid Mixed Market Signals

The post Chainlink Short-Term Rally Fueled by ETF News Amid Mixed Market Signals appeared on BitcoinEthereumNews.com. Chainlink (LINK) price has risen 2.74% in the last 24 hours, fueled by Franklin Templeton’s consideration of adding it to a crypto ETF and Bitwise’s spot ETF advancing to pre-launch. This has sparked short-term buying interest amid broader market caution. Franklin Templeton eyes Chainlink for ETF inclusion, boosting investor confidence in decentralized oracle networks. Spot market data reveals growing buyer dominance since late November, signaling potential momentum shift. Weekly gains of 15.25% contrast with negative hodler activity, indicating mixed on-chain signals for long-term holders. Discover how Chainlink price surges amid ETF news from Franklin Templeton and Bitwise. Explore spot buyer trends and hodler impacts in this crypto update. Stay informed on LINK’s market dynamics today. What is driving Chainlink’s recent price gains? Chainlink price experienced a notable uptick of 2.74% over the past 24 hours, primarily driven by developments in the ETF space. Franklin Templeton, a prominent asset manager, is evaluating the inclusion of major altcoins like Chainlink in its crypto index ETF, which has generated optimism among investors. Additionally, the Depository Trust & Clearing Corporation (DTCC) has shifted Bitwise’s Chainlink spot ETF to the pre-launch category, further fueling short-term bullish sentiment in a predominantly bearish market. How are on-chain metrics influencing Chainlink’s market position? On-chain indicators for Chainlink present a nuanced picture, with spot market activity showing signs of recovery while long-term holder behavior remains cautious. According to data from CryptoQuant, the spot taker cumulative volume delta (CVD) has turned positive since November 22, reflecting that buyer-initiated trades are outpacing sellers over the past three months. This metric, which tracks the net difference in taker buying and selling volumes, suggests increasing control by buyers in the spot market—a critical area where immediate price movements occur. When the spot taker CVD rises steadily, it often precedes bullish phases, as taker…

Author: BitcoinEthereumNews
Oracle faces rising credit stress as hedging costs climb

Oracle faces rising credit stress as hedging costs climb

The post Oracle faces rising credit stress as hedging costs climb appeared on BitcoinEthereumNews.com. Credit risk around Oracle is heating up fast and the market is not hiding it. In November, a key risk gauge tied to Oracle debt hit a three-year high, and Morgan Stanley says the real damage may land in 2026 if the company fails to calm fears tied to its massive artificial intelligence spending rush. The warning is blunt. The pressure is tied to how fast the balance sheet is growing, how wide the funding gap looks, and how fast parts of the business could turn outdated. The cost to insure Oracle debt against default for the next five years climbed to 1.25 percentage point per year on Tuesday, based on ICE Data Services. That move puts the company’s five-year credit default swap near levels last seen during past stress cycles. Analysts Lindsay Tyler and David Hamburger say the stockpile of debt, paired with limited clarity on how it will all be funded, is a core threat staring at investors right now. Banks stack hedges as AI loans explode The five-year CDS on Oracle now sits uncomfortably close to the record set in 2008, when it hit 1.98 percentage points, according to ICE Data Services. The analysts say the CDS could break 1.5 percentage point soon and may push toward 2 percentage points if the company keeps tight on details about how it plans to fund its buildout into the new year. That risk line is driven by one brutal fact. Oracle is now a front-line name in the AI spending race, and the credit market treats it as a direct barometer for AI risk. In September, Oracle raised $18 billion in the US investment-grade bond market. In early November, about 20 banks lined up to arrange a separate $18 billion project finance loan for a massive data center campus…

Author: BitcoinEthereumNews
LINK Price Tests Key Support at $12.90 Pivot as Oracle Token Shows Early Bullish Signals

LINK Price Tests Key Support at $12.90 Pivot as Oracle Token Shows Early Bullish Signals

The post LINK Price Tests Key Support at $12.90 Pivot as Oracle Token Shows Early Bullish Signals appeared on BitcoinEthereumNews.com. Caroline Bishop Nov 26, 2025 14:56 Chainlink trades at $12.88 with modest 1.7% daily gains as technical indicators suggest potential momentum shift despite continued pressure from major moving averages. Quick Take • LINK trading at $12.88 (up 1.7% in 24h) • Testing critical pivot point support at $12.90 • MACD histogram showing early bullish divergence • Following Bitcoin’s modest recovery amid crypto market stabilization Market Events Driving Chainlink Price Movement Trading on technical factors in absence of major catalysts, with no significant news events affecting LINK price in the past 48 hours. The modest 1.66% gain reflects broader cryptocurrency market sentiment as Bitcoin maintains stability above key support levels. The lack of oracle-specific developments has left LINK price action primarily driven by technical positioning and correlation with the broader digital asset ecosystem. Trading volume of $54.05 million on Binance spot market indicates steady institutional interest despite the sideways price action. Market participants appear to be positioning ahead of potential year-end moves, with LINK price hovering near crucial technical inflection points that could determine short-term direction. LINK Technical Analysis: Consolidation Phase Price Action Context Chainlink technical analysis reveals a complex setup with LINK price currently trading below all major moving averages, indicating continued bearish pressure in the medium term. The token sits 7.9% below the 20-day SMA at $13.98 and significantly below the 50-day ($16.22) and 200-day ($17.91) moving averages. However, the current positioning near the $12.90 pivot point suggests potential for a technical bounce, particularly as Bitcoin maintains stability and avoids further downside pressure. Volume patterns indicate accumulation rather than distribution, with institutional interest remaining steady despite the price consolidation. Key Technical Indicators The RSI at 37.28 sits in neutral territory with room for upside movement before reaching overbought conditions. Most notably,…

Author: BitcoinEthereumNews
The next big thing in crypto: on-chain options

The next big thing in crypto: on-chain options

Source: variant.fund Compiled by: Zhou, ChainCatcher If the core value of cryptocurrencies lies in providing new financial pathways, then the lack of widespread adoption of on-chain options is perplexing. In the US stock market alone, daily trading volume for individual stock options is approximately $450 billion, representing about 0.7% of the total market capitalization of the $68 trillion US stock market. In contrast, daily trading volume for cryptocurrency options is approximately $2 billion, representing only 0.06% of the approximately $3 trillion market capitalization of cryptocurrencies (relatively 10 times lower than stocks). Although decentralized exchanges (DEXs) currently handle over 20% of cryptocurrency spot trading volume, almost all options trading is still conducted through centralized exchanges (CEXs) such as Deribit. The difference between traditional options markets and on-chain options markets stems from early design limitations and the lack of infrastructure that enabled them to meet two key elements of a healthy market: protecting liquidity providers from bad order flows and attracting good order flows. The infrastructure needed to address the former is now in place—liquidity providers can finally avoid being devoured by arbitrageurs. The remaining challenge, and the focus of this article, is the latter: how to develop effective market entry strategies (GTMs) to attract high-quality order flows. This article argues that on-chain options protocols can thrive by targeting two distinct sources of high-quality order flows: hedgers and retail investors. The Trials and Tribulations of On-Chain Options Similar to the spot market, the first on-chain options protocol draws on the order book, a market design that dominates traditional finance. In the early days of Ethereum, transaction activity was sparse and gas fees were relatively low. Therefore, order books seemed like a reasonable mechanism for options trading. The earliest example of options order books can be traced back to EtherOpt in March 2016 (EtherDelta, the first popular spot order book on Ethereum, was launched a few months later). However, in reality, on-chain market making is very difficult; gas fees and network latency make it challenging for market makers to provide accurate quotes and avoid losing trades. To address these issues, next-generation options protocols employ Automated Market Makers (AMMs). Instead of relying on individuals to conduct market transactions, AMMs obtain prices from either the internal token balance of liquidity pools or external price oracles. In the former case, the price is updated when traders buy or sell tokens in the liquidity pool (changing the pool's internal balance); the liquidity provider itself does not set the price. In the latter case, the price is updated periodically when a new oracle price is published on-chain. Protocols such as Opyn, Hegic, Dopex, and Ribbon adopted this approach from 2019 to 2021. Unfortunately, AMM-based protocols have not significantly increased the adoption of on-chain options. The reason why AMMs can save gas fees (i.e., prices are set by traders or lagging oracles rather than liquidity providers) is precisely because their characteristics make liquidity providers vulnerable to losses from arbitrageurs (i.e., adverse selection). However, what truly hinders the widespread adoption of options trading is perhaps that all early versions of options agreements (including those based on order books and automated market makers) required short positions to be fully collateralized. In other words, sold call options had to be hedged, and sold put options had to be cash-backed, making these agreements capital inefficient and depriving retail investors of a crucial source of leverage. Without this leverage, retail demand diminishes as the incentive disappears. Sustainable Options Exchanges: Attracting High-Quality Order Flows and Avoiding Low-Quality Order Flows Let's start with the basics. A healthy market needs two things: Liquidity providers' ability to avoid "bad order flows" (i.e., avoiding unnecessary losses). "Bad order flows" refer to arbitrageurs profiting at the expense of liquidity providers, thus gaining virtually risk-free profits. The strong demand stems from the need to provide a "high-quality order flow" (i.e., to make money). A "high-quality order flow" refers to traders who are not price-sensitive and who, after paying the spread, generate profits for the liquidity provider. A review of the history of on-chain option protocols reveals that their past failures stemmed from the failure to meet both of the above conditions: Early options protocols' technological infrastructure limitations prevented liquidity providers from avoiding bad order flows. The traditional method for liquidity providers to avoid bad order flows was to update quotes on the order book for free and frequently, but delays and fees in the order book protocol in 2016 made on-chain quote updates impossible. Migrating to Automated Market Makers (AMMs) also failed to solve this problem because their pricing mechanisms are relatively slow, putting liquidity providers at a disadvantage in competition with arbitrageurs. The requirement for full collateral eliminates the option function (leverage) valued by retail investors, which is a key source of high-quality order flow. Without other on-chain option usage solutions, high-quality order flow is impossible. Therefore, if we want to build an on-chain options protocol by 2025, we must ensure that both of these challenges are resolved. In recent years, numerous changes have demonstrated that we can now build infrastructure that enables liquidity providers to avoid bad order flows. The rise of application-specific (or industry-specific) infrastructure has significantly improved market design for liquidity providers across various financial application areas. Among the most important of these are: speed bumps for delayed order execution; order placement-only prioritization; order cancellation and price oracle updates; extremely low gas fees; and censorship resistance mechanisms in high-frequency trading. With the help of innovation at scale, we can now build applications that meet the requirements of a good order flow. For example, improvements in consensus mechanisms and zero-knowledge proofs have made block space costs low enough to enable sophisticated margin engines to be implemented on-chain without full collateralization. Solving the problem of bad order flow is primarily a technical issue, and in many ways, it's actually "relatively easy." Admittedly, building this infrastructure is technically complex, but that's not the real challenge. Even if the new infrastructure enables the protocol to attract good overflow traffic, it doesn't mean that good order flow will magically appear. Instead, the core question, and the focus of this article, is: assuming we now have the infrastructure to support good order flow, what kind of marketing strategy (GTM) should the project employ to attract this demand? If we can answer this question, we have a chance to build a sustainable on-chain options protocol. Price-insensitive demand characteristics (good order flow) As mentioned above, a good order flow refers to price-insensitive demand. Generally, price-insensitive demand for options mainly consists of two types of core customers: (1) hedgers and (2) retail customers. These two types of customers have different goals, and therefore use options in different ways. hedge funds Hedgers are institutions or businesses that believe risk reduction is valuable enough and are willing to pay a certain amount above market value. Options are attractive to hedgers because they allow them to precisely control downside risk by choosing the exact price level at which losses are stopped (the strike price). This differs from futures, where hedging is either/or; futures protect your position in all circumstances but do not allow you to specify the price at which protection takes effect. Currently, hedgers account for the vast majority of cryptocurrency options demand, and we expect this to come primarily from miners, who are the first "on-chain institutions." This is evident from the dominance of Bitcoin and Ethereum options trading volume, and the fact that mining/validation activity on these chains is more institutionalized than on other chains. Hedging is crucial for miners because their income is denominated in highly volatile crypto assets, while many of their expenses—such as salaries, hardware, hosting, etc.—are denominated in fiat currency. retail Retail investors refer to individual speculators who aim to profit but lack experience—they typically trade based on intuition, belief, or experience rather than models and algorithms. They generally prefer a simple and easy-to-use trading experience, and their driving force is getting rich quickly, rather than rationally considering risks and rewards. As mentioned above, retail investors have historically favored options due to their leverage. The explosive growth of zero-day options (0DTEs) in retail trading exemplifies this—0DTEs are widely regarded as a speculative leveraged trading instrument. In May 2025, 0DTEs accounted for over 61% of S&P 500 index option trading volume, with the majority of that volume coming from retail users (especially on the Robinhood platform). Despite the popularity of options in the financial trading world, retail investor acceptance of cryptocurrency options is virtually zero. This is because there is a better cryptocurrency tool for retail investors to leverage long and short positions, which is currently unavailable in the financial trading world: perpetual contracts. As we've seen in hedging, the biggest advantage of options lies in their level of sophistication. Options traders can consider going long/short, timeframe, and strike price, making options more flexible than spot, perpetual, or futures trading. While more combinations offer greater granularity, which is exactly what hedgers desire, they also require more decision-making, often overwhelming retail investors. In fact, the success of 0DTE options in retail trading can be largely attributed to the fact that 0DTE options improve the user experience of options by eliminating (or significantly simplifying) the time dimension (“zero day”), thus providing a simple and easy-to-use leveraged tool for going long or short. Options are not considered leverage tools in the cryptocurrency space because perpetual contracts are already very popular and are simpler and easier to leverage for long/short positions than 0DTE options. Perpetual contracts eliminate the factors of time and strike price, allowing users to continuously leverage long/short positions. In other words, perpetual contracts achieve the same goal as options (providing leverage for retail investors) with a simpler user experience. Therefore, the added value of options is significantly reduced. However, options and cryptocurrency retail investors are not entirely without hope. Beyond simple long/short operations using leverage, retail investors crave exciting and novel trading experiences. The sophisticated nature of options means they can deliver entirely new trading experiences. One particularly powerful feature is allowing participants to trade directly on volatility itself. Take, for example, the Bitcoin Volatility Index (BVOL) offered by FTX (now closed). BVOL tokenized implied volatility, allowing traders to directly bet on the magnitude of Bitcoin price fluctuations (regardless of direction) without managing complex options positions. It packaged trades that typically require straddles or straddles into a tradable token, making volatility speculation easy and convenient for retail users. Marketing strategies targeting price-insensitive demand (good order flow) Now that we have identified the characteristics of price-insensitive demand, let’s describe the GTM strategies that the protocol can use to attract good order flows to the on-chain options protocol for each characteristic. Hedgers GTM: Meet the miners where they are. We believe the best marketing strategy to capture hedging flows is to target hedgers, such as miners currently trading on centralized exchanges, and offer a product that allows them to own the protocol through tokens while minimizing changes to their existing custody setup. This strategy mirrors Babylon's user acquisition approach. When Babylon launched, a large number of off-chain Bitcoin hedge funds already existed, and miners (some of the largest Bitcoin holders) were likely already able to leverage these funds for liquidity. Babylon primarily built trust through custodians and staking providers (especially in Asia), catering to their existing needs; it didn't require them to try new wallets or key management systems, which often require additional trust assumptions. Miners' adoption of Babylon indicates their emphasis on the autonomy to choose custody options (whether self-custody or choosing another custodian), gaining ownership through token incentives, or both. Otherwise, Babylon's growth would be difficult to explain. Now is an excellent time to leverage this global trading platform (GTM). Coinbase's recent acquisition of Deribit, a leading centralized exchange in the options trading space, poses a risk to foreign miners who may be unwilling to deposit large sums of money in US-controlled entities. Furthermore, the improved viability of BitVM and the overall improvement in the quality of Bitcoin bridges are providing the necessary custodial guarantees for building an attractive on-chain alternative. Retail Marketing Promotion: Providing a Brand New Transaction Experience Instead of trying to compete with criminals using the same tricks they use, we believe the best way to attract retailers is to offer them novel products that simplify the user experience. As mentioned above, one of the most powerful features of options is the ability to directly observe volatility itself without considering price movements. On-chain options protocols can create a vault, allowing retail users to trade long and short positions on volatility through a simple user experience. Traditional options libraries (such as those on Dopex and Ribbon) were vulnerable to arbitrage by arbitrageurs due to their inadequate pricing mechanisms. However, as we mentioned earlier, recent innovations in specific infrastructure applications have provided clear reasons why it's possible to build an options library free from these problems. Options chains or options aggregations can leverage these advantages to improve the execution quality of long/short volatility options libraries while also enhancing order book liquidity and order flow. in conclusion The conditions for the success of on-chain options are finally gradually being met. The infrastructure is becoming increasingly mature, sufficient to support more efficient capital utilization schemes, and on-chain institutions now have a real reason to hedge directly on-chain. By building infrastructure that helps liquidity providers avoid bad order flows and by constructing on-chain options protocols around two price-insensitive user groups—hedging clients seeking precise trades and retail investors seeking entirely new trading experiences—a sustainable market can ultimately be established. With this foundation, options can become a core component of the on-chain financial system in unprecedented ways.

Author: PANews
The Only New Crypto Under $0.04 Close to 100% Allocation, Early Investors Rush in

The Only New Crypto Under $0.04 Close to 100% Allocation, Early Investors Rush in

The countdown is almost over. A new crypto that is priced below $0.04, is surging towards a complete allocation and investors are responding rapidly. As the demand is growing every hour, they believe that it may be one of the last opportunities to enter before the next big crypto price step. The Presale of Mutuum […]

Author: Cryptopolitan
Dell Stock Rallies Despite Q3 Revenue Miss—Here’s Why

Dell Stock Rallies Despite Q3 Revenue Miss—Here’s Why

The post Dell Stock Rallies Despite Q3 Revenue Miss—Here’s Why appeared on BitcoinEthereumNews.com. Topline Dell shares surged Wednesday alongside other tech stocks despite third quarter revenue falling short of Wall Street revenue expectations by $120 million, though the company was able to salvage the miss with stronger-than-expected earnings per share and a positive AI sale forecast. Dell shares jumped nearly 7% Wednesday. Omar Marques/SOPA Images/LightRocket via Getty Images Key Facts Dell’s stock closed up 5.8%, bringing shares to their highest point in 12 days. The company reported $27.01 billion in revenue for the third quarter, $120 million shy of the $27.13 billion expected by London Stock Exchange Group consensus estimates, according to CNBC, which noted Dell’s $2.59 in earnings per share was well above LSEG estimates of $2.47. Dell expects around $31.5 billion in sales in the fourth quarter, with AI server sales accounting for $9.4 billion. Dell joined a swath of other tech companies that traded positively Wednesday including Oracle (4%), AMD (3.9%), Microsoft (2.1%) and Nvidia (1.4%). Wednesday also marked a positive day for top indexes, with the S&P 500, Nasdaq Composite and Dow Jones Industrial Average all climbing at least 0.67%. Get Forbes Breaking News Text Alerts: We’re launching text message alerts so you’ll always know the biggest stories shaping the day’s headlines. Text “Alerts” to (201) 335-0739 or sign up here. Tangent Cannabis stocks also jumped alongside indexes after Bloomberg reported Medicare may cover CBD treatments for senior patients. The surge in cannabis stocks included Tilray Brands (4.7%), Innovative Industrial (1%) and Curaleaf (5%). An early version of the supposed Medicare plan applied to seniors in oncology and palliative care settings, according to Bloomberg. Read More Source: https://www.forbes.com/sites/antoniopequenoiv/2025/11/26/dell-stock-rallies-nearly-6-following-q3-revenue-miss-heres-why/

Author: BitcoinEthereumNews