Category Archives: finance

ICP’s Short-Term Bounce Hits $3.67 on Liquidations, But Long-Term Downtrend Persists

**ICP Price Bounce Fueled by Short Liquidations and Volume Surge**

Short liquidations at the $3.55 level sparked a significant bounce in the price of Internet Computer (ICP), attracting buyers and driving a 6.5% increase. This upward move was supported by high trading volumes, propelling ICP to reach $3.67. However, the price later dipped after encountering resistance near $3.75—a level that has held firm since mid-October.

Over a 24-hour period, ICP experienced a liquidity build-up that contributed to the surge. Data shows that the $3.75 supply zone continues to act as a key resistance barrier for the token.

### What Fueled the ICP Price Bounce?

The ICP price bounce was primarily triggered by a cluster of short liquidations around the $3.55 level. These liquidations generated substantial buying pressure, lifting ICP’s value by 6.5% within 24 hours, rising from $3.33 on November 1st to a peak of $3.67.

Increased trading activity following the dip played a crucial role in amplifying this movement. Despite the rally, the price faced stiff resistance at the $3.75 supply zone, which has been well-established since mid-October.

### What Could Indicate ICP’s Next Moves?

Market data from CoinGlass highlights a notable liquidity cluster at $3.55 that attracted buyers on November 2nd, driving the price upward. Prior to this, prices dipped to $3.33 before stabilizing near $3.50 for almost a day. This consolidation phase built up short positions, whose liquidation fueled the subsequent surge.

Assets in similar scenarios often gravitate toward high-liquidity zones. For ICP, the next significant resistance lies between $3.70 and $3.75, where gains may be capped unless momentum shifts.

Trading volumes spiked during this upward movement; however, without a change in the broader trend, this bounce may be a temporary correction rather than a sustainable reversal. Analysts emphasize that liquidity-driven rallies require confirmation from higher timeframes to validate a sustained breakout.

Historical price action shows that ICP’s resilience is frequently tested by persistent supply pressures. Notably, on November 1st, the $3.33 level acted as a supportive floor before the rebound unfolded.

### Frequently Asked Questions

**Why did ICP experience a sudden 6.5% price increase on November 2nd?**
The rally was triggered by accumulated short liquidations near $3.55, sparking upward momentum amid rising trading volumes. This followed a consolidation period around $3.50 and culminated in a peak at $3.67 before a minor pullback.

**Is the ICP price bounce a sign of a broader recovery in the cryptocurrency market?**
While the bounce indicates short-term buying interest driven by liquidations, it does not confirm a broader market recovery. ICP’s weekly charts show a persistent downtrend dating back to March. This trend has remained intact despite earlier Bitcoin rallies in April and June. Traders should watch for sustained breaks above critical resistance levels before considering a trend reversal.

### Resistance Challenges and Long-Term Strategy

The $3.75 to $3.78 zone remains a key resistance barrier for ICP. Bearish technical indicators, such as negative readings on the Chaikin Money Flow (CMF) and the Awesome Oscillator, continue to exert downward pressure.

To confirm a bullish turnaround, investors should watch for a decisive break above $3.80 with a successful retest of that level as support. Until such confirmation, the downtrend that began in March remains the dominant market structure.

### Conclusion

The recent ICP price bounce illustrates how clusters of liquidity can trigger short-term rallies in volatile cryptocurrency markets. However, the token’s broader trajectory is still shaped by a bearish weekly pattern that has persisted since March.

As ICP tests supply zones near $3.75, investors are advised to rely on data from reliable analytics tools to make informed trading decisions. Monitoring shifts in momentum will be key to identifying strategic opportunities in the evolving landscape of Internet Computer.

*Disclaimer: The information presented in this article is for informational purposes only and does not constitute financial, investment, or trading advice.*
https://bitcoinethereumnews.com/tech/icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists/?utm_source=rss&utm_medium=rss&utm_campaign=icps-short-term-bounce-hits-3-67-on-liquidations-but-long-term-downtrend-persists

Bitcoin ATMs Under Fire: How Scammers Steal Millions From Victims

**Federal Prosecutors Warn Bitcoin ATMs Facilitate Widespread Cryptocurrency Scams**

Federal prosecutors have raised concerns about Bitcoin ATMs being used to facilitate widespread cryptocurrency scams across the United States. Washington, D.C., Attorney General Brian Schwalb has revealed that these machines have enabled scammers to steal millions of dollars from victims, with elderly individuals being the primary targets.

### Rising Scam Reports Linked to Bitcoin ATMs

Across multiple counties in the U.S., reports of cryptocurrency fraud cases involving Bitcoin ATMs are on the rise. Scammers often exploit vulnerable older adults through fear tactics, such as falsely claiming that relatives are facing arrest or that victims owe penalties for missing jury duty. These criminals then demand payment in Bitcoin and direct victims to nearby Bitcoin ATMs to complete the transactions.

The effectiveness of these scams lies in the sense of panic and urgency created by the perpetrators. Victims feel compelled to act quickly without verifying the authenticity of the claims.

### A Victim’s Story: Maryland Retiree Loses Life Savings

Maryland retiree Diane Reynolds is one such victim of a Bitcoin ATM scam. She received an online message warning that access to her computer had been blocked and advising her against turning it on or off. Following instructions, Reynolds called a provided phone number supposedly for tech support, but instead reached a scammer.

The scammer claimed hackers had accessed her bank accounts and insisted she must convert her money to Bitcoin immediately. Under pressure, Reynolds withdrew her entire bank balance of approximately $13,100. The scammers directed her to use a Bitcoin ATM at a local gas station operated by Athena Bitcoin, a company running over 4,000 Bitcoin ATM terminals across multiple states.

### Concerns Over Bitcoin ATM Operators

Attorney General Schwalb notes that Reynolds’ case is just one of many similar incidents nationwide. These schemes have become increasingly common in recent months, with Bitcoin ATMs serving as tools scammers use to defraud people.

“Bitcoin ATMs are a tool that scammers, that criminals, are using to separate people,” Schwalb said. He added that while operators are aware of these criminal activities, they often fail to put sufficient measures in place to prevent fraud.

Additionally, Bitcoin ATM operators profit from each transaction through substantial fees, even when deposits result from fraudulent activity. This financial incentive, Schwalb argues, undermines efforts to combat fraud.

### Legal Action Against Athena Bitcoin

In September, Schwalb filed a lawsuit against Athena Bitcoin, alleging that the company charged undisclosed transaction fees and failed to implement adequate anti-fraud measures. These legal actions aim to hold Bitcoin ATM operators accountable for enabling theft through their systems.

### Company Response and Defense

Athena Bitcoin strongly denies the allegations. According to company representatives, their Bitcoin ATMs include multiple fraud prevention features designed to protect customers.

“Our kiosks employ multiple safeguards, from prominent warnings and daily transaction limits to five separate verification screens designed to prevent coerced transactions,” the company stated. Athena Bitcoin plans to vigorously defend itself against the charges in upcoming court proceedings.

### Victim’s Legal Pursuit

Diane Reynolds has also initiated legal action against Athena Bitcoin. Her attorney, Vaught Stewart, contends that the company knowingly allowed fraud to occur and profited from the transaction despite clear warning signs of criminal activity.

As cryptocurrency scams continue to evolve, authorities urge the public—especially the elderly—to remain vigilant when approached with urgent demands for Bitcoin payments via ATMs. Awareness and verification remain key tools in preventing financial loss from such fraudulent schemes.
https://coincentral.com/bitcoin-atms-under-fire-how-scammers-steal-millions-from-victims/

XRP ETF Launch Confirmed: Canary Capital Eliminates Regulatory Block

**Canary Capital Removes SEC Delay Clause, Sets November 13 Launch for Spot XRP ETF**

Canary Capital has taken a significant step forward by removing the SEC delay clause from its spot XRP ETF filing ahead of the anticipated November 13 launch date. The new XRP ETF will debut on Nasdaq under the ticker symbol **XRPF**, offering investors direct exposure to XRP’s spot price without the need to custody the token themselves.

### Final Compliance Steps Completed

In preparation for the launch, Canary Capital has completed all necessary compliance requirements, including securing custody arrangements and establishing partnerships with market makers. The removal of the SEC delay clause signals that the fund has cleared the final regulatory hurdle, affirming its readiness to commence trading on the scheduled date.

### A Milestone for Digital Asset Investment in the U.S.

The approval and upcoming launch of the XRP ETF represent a major advancement for digital asset investment products within the United States. This development aligns with growing institutional demand for regulated crypto exposure, following similar momentum gained by Bitcoin and Ethereum ETFs earlier this year.

By providing straightforward access to XRP’s spot price, the XRPF ETF eliminates the complexities involved with managing the underlying tokens, making it an attractive option for both retail and institutional investors. Analysts anticipate that the ETF will boost liquidity and attract substantial capital inflows from traditional market participants.

### Market Reactions and Analyst Perspectives

Market experts have responded to the news with cautious optimism. Some forecasts suggest that the XRP ETF launch could mirror the positive market impacts seen with Bitcoin ETFs in 2025, potentially driving renewed price action and increased capital flow.

However, several analysts caution that success will largely depend on trading volume and broader regulatory sentiment toward crypto assets. Initial performance metrics are expected to be influenced heavily by short-term trading activity following the fund’s debut.

### XRP Technical Analysis: Breaking a Multi-Year Pattern

Adding to the positive outlook, market analyst ChartNerd revealed that XRP has broken out of a 7-year symmetrical triangle pattern — a significant technical milestone. The cryptocurrency has been consolidating above its $3.84 all-time high candle closes for nearly 12 months, signaling sustained accumulation above 2021 highs.

The XRP/TetherUS perpetual contract chart displays a classic falling wedge pattern, which recently broke out to the upside, indicating a potential trend reversal. Currently, XRP trades around $2.51 following a slight retracement from recent highs and has tested resistance near the order block zone around $2.80.

Price action suggests consolidation at these levels post-breakout. Technical analysis outlines three take-profit targets derived from Fibonacci retracement levels based on recent price swings:

– **Target 1:** Approximately $2.67
– **Target 2:** Near the current price level around $2.51
– **Target 3:** Around $2.43

### Looking Ahead: Broader Implications for Crypto Finance

The launch of Canary Capital’s XRP ETF could pave the way for future altcoin-based products, deepening cryptocurrency’s integration into mainstream financial markets through regulated investment vehicles.

November 13 is set to mark a significant milestone for XRP, bridging the gap between digital assets and traditional capital markets, and potentially setting a precedent for further innovation and adoption within the space.
https://coincentral.com/xrp-etf-launch-confirmed-canary-capital-eliminates-regulatory-block/

Price predictions 10/31: BTC, ETH, BNB, XRP, SOL, DOGE, ADA, HYPE, LINK, BCH

For the first time in seven years, Bitcoin is at risk of ending October in the red. Several altcoins have dropped to their crucial support levels, indicating selling on rallies. Bitcoin (BTC) bulls are attempting to maintain the price above $110,000, but the bears have continued to exert pressure. This increases the risk of BTC recording its first-ever red October close in seven years.

After October’s dismal performance, all eyes are on November, which has an average return of 46.02%, according to CoinGlass data. Several analysts are turning bearish on BTC, signaling a potential cycle peak based on its four-year halving cycle. However, a few others, such as BitMEX’s Arthur Hayes, believe that BTC’s four-year cycle is dead.

It is difficult to predict with certainty whether the four-year cycle is over or not. Still, the net outflows of $959.1 million from spot BTC exchange-traded funds in the past two days, according to Farside Investors’ data, indicate that institutional investors are cautious in the near term.

### What Are the Crucial Support Levels to Watch for in BTC and Major Altcoins?

Let’s analyze the charts of the top 10 cryptocurrencies to find out.

## Bitcoin Price Prediction

Bitcoin bounced off the bottom of the range near $107,000 on Thursday, indicating that bulls are aggressively defending this level. The relief rally is expected to face selling pressure at the 20-day exponential moving average (EMA) of $111,557.

If the price turns down sharply from the 20-day EMA, it increases the likelihood of a break below $107,000. Should that happen, the BTC/USDT pair will complete a double-top pattern and may dive to $100,000.

Conversely, a break and close above the 20-day EMA suggests that Bitcoin may remain inside the $107,000 to $126,199 range for a while longer.

## Ether Price Prediction

Ether (ETH) bounced off the support line of the descending channel pattern on Thursday, signaling buying at lower levels. However, the recovery could face selling at the moving averages.

If that happens, bears will again attempt to push ETH below the support line, which could cause the ETH/USDT pair to plummet to $3,350.

Buyers will need to push the price above the moving averages to keep the pair inside the channel. The next leg of the up move is likely to begin on a break and close above the channel’s resistance line.

## BNB Price Prediction

BNB is witnessing a tough battle between bulls and bears at the 50-day simple moving average (SMA) of $1,084. If the price turns down from the 20-day EMA ($1,113) and closes below the 50-day SMA, it would signal the start of a deeper correction.

In that scenario, the BNB/USDT pair could drop to $1,021 and later to $932.

On the contrary, a close above the 20-day EMA suggests that bulls are attempting a comeback. The price could then rally to the 38.2% Fibonacci retracement level of $1,156, which might attract sellers.

A close above $1,156 would clear the path for a rally to the 61.8% retracement level at $1,239.

## XRP Price Prediction

XRP fell below the 20-day EMA ($2.54) on Thursday, signaling that bears are trying to retain the advantage.

Sellers will try to strengthen their position by pulling XRP toward the $2.32 to $2.19 support zone. Buyers are expected to defend this zone vigorously, as a close below it could intensify selling pressure, potentially causing the XRP/USDT pair to plunge to $1.90.

Time is running out for bulls, who will need to swiftly push the price above the moving averages to gain strength. A potential trend change will be signaled on a close above the downtrend line.

## Solana Price Prediction

Solana (SOL) has been trading inside a symmetrical triangle pattern, indicating indecision about the next directional move.

If the price slips below the uptrend line, the SOL/USDT pair could tumble to solid support at $155. Buyers are expected to defend this level strongly, but a break below $155 may sink the pair to $140.

Conversely, if the price rebounds from the uptrend line and breaks above the 20-day EMA ($194), it suggests the pair may remain inside the triangle longer. Buyers will regain control after pushing Solana above the resistance line.

## Dogecoin Price Prediction

Buyers are attempting to hold Dogecoin (DOGE) above the $0.17 support level, but the shallow bounce indicates bears continue to exert pressure.

If the $0.17 support cracks, the DOGE/USDT pair could descend to the $0.14 support. Buyers will try to keep DOGE inside the range by defending this level. However, failure to do so could open the door for a drop to $0.10.

The first sign of strength for DOGE would be a break and close above the $0.21 overhead resistance. The pair may then climb to the 50-day SMA ($0.22) and later attempt a rally to stiff overhead resistance at $0.29.

## Cardano Price Prediction

Cardano (ADA) continued lower and broke below the $0.59 support on Thursday, signaling bears remain in control.

If the price stays below $0.59, the ADA/USDT pair could plunge to solid support at $0.50. Buyers are expected to fiercely defend $0.50, as a drop below it may trigger a new downtrend.

On the upside, a break and close above the 20-day EMA ($0.66) would indicate bears are losing grip. The price could then climb to the breakdown level of $0.75 and subsequently to the downtrend line.

## Hyperliquid Price Prediction

Sellers again thwarted bulls’ attempts to push Hyperliquid (HYPE) above the $51.50 overhead resistance on Thursday, pulling the price down to the 20-day EMA ($43.10).

Buyers are trying to defend the 20-day EMA, but selling pressure remains high. If the price breaks below this EMA, the HYPE/USDT pair could drop to the neckline and then to $35.50.

This negative outlook will be invalidated if Hyperliquid turns up and breaks above $51.50, potentially surging to the all-time high of $59.41.

## Chainlink Price Prediction

Buyers tried to push Chainlink (LINK) above the 20-day EMA ($18.24) on Wednesday, but bears held their ground.

The downsloping moving averages and a relative strength index (RSI) in negative territory suggest bears remain in control.

The LINK price could then plummet to the $15.43 support, where bulls are expected to step in.

Buyers will need to push and sustain price above the 20-day EMA to signal strength. The LINK/USDT pair could then climb to the resistance line, a critical level to watch.

## Bitcoin Cash Price Prediction

Bitcoin Cash (BCH) has been stuck between the 20-day EMA ($530) and the resistance line for the past few days.

Bulls need to push and maintain BCH above the resistance line to signal a potential trend change.

The BCH/USDT pair could then rally to $615 and later to $651.

Alternatively, if the price turns down and breaks below the 20-day EMA, the pair may remain inside the falling wedge pattern for a few more days.

In that case, BCH could slide to $500 and then to $475.

**Disclaimer:** This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making decisions.
https://cointelegraph.com/news/price-predictions-10-31-btc-eth-bnb-xrp-sol-doge-ada-hype-link-bch?utm_source=rss_feed&utm_medium=feed&utm_campaign=rss_partner_inbound

Top Crypto Presale to Watch if You Hold Bitcoin and Ethereum

**Top Crypto Presales to Watch in 2025 for Bitcoin and Ethereum Holders**

Investors holding Bitcoin and Ethereum are on the lookout for the next big opportunity in the expanding crypto presale market. Each month, dozens of new projects launch, but only a handful deliver real, functional products. The focus has shifted from short-term hype to utility, transparency, and long-term potential.

Below are some of the presale crypto projects that have the potential to shape the next crypto cycle, starting with the standout project of 2025.

### Mono Protocol: The Front-Runner for 2025

Mono Protocol currently leads the Web3 crypto presale landscape by uniting multiple blockchains under a single account. This allows users to send, swap, and stake assets seamlessly without switching networks.

The presale is now in Stage 15, having raised $2.83 million out of a $3 million target. Each token sells for $0.0450, with a confirmed launch price of $0.50, suggesting a potential gain of over 1,000% for early buyers.

What sets Mono Protocol apart is that its token is backed by real infrastructure. The platform integrates WalletConnect, Chainlink, Celestia, and LI.FI to ensure dependable cross-chain execution. This technology reduces failed transactions and limits gas costs, enhancing user experience.

All transactions are powered by the universal gas token, MONO. Following the official launch, the team activated a Rewards Hub, where early participants can earn and track engagement points.

Mono Protocol’s roadmap includes new governance features, staking, and ecosystem integrations across Ethereum, Polygon, Base, and Solana. These developments firmly place Mono Protocol among the top cryptocurrency presales to watch in 2025.

### A Focus on Utility Over Noise

Many crypto presales promise innovation but fail to deliver working solutions. The market is now shifting towards projects that release functional products before exchange listings.

Investors prioritize clarity and consistent updates over flashy marketing. Mono Protocol exemplifies this with transparent communication and open developer tools, setting a higher standard for other presale projects.

The team regularly posts progress reports and technical previews, encouraging transparency and accountability, which builds greater investor confidence.

### How to Choose a Good Presale

Selecting a trustworthy project requires careful evaluation. Here are key factors to consider:

– **Verified Token Sale Contract:** Always confirm that the token sale uses a verified contract to avoid scams.
– **Roadmap, Audits, and Token Allocations:** Review these documents carefully for realistic development goals and security standards.
– **Transparency:** Avoid presales that hide wallet addresses or omit vesting schedules.
– **Team and Partnerships:** Strong projects openly share details about their teams, partnerships, and development milestones.

Mono Protocol, for example, lists wallet details, audit reports, and allocation charts on its official site, setting a model for responsible presale coin management.

### The Road Ahead

The number of cryptocurrency presales is expected to grow through 2026 as developers seek community funding prior to exchange listings.

Analysts predict that infrastructure projects like Mono Protocol could see the greatest gains as Web3 adoption grows. The upcoming bull phase will likely favor builders over speculators.

Platforms enabling reliable cross-chain transactions and offering real utility are positioned to lead the market.

For Bitcoin and Ethereum holders, diversifying into proven presale projects can provide early exposure to the next generation of blockchain infrastructure. Mono Protocol remains a clear example of this shift.

Its combination of simplicity, working technology, and a detailed roadmap demonstrates how a crypto presale built for real use—not hype—can earn investor trust and deliver long-term value.

### Learn More About Mono Protocol

– **Website:** [Insert Website Link]
– **X (Twitter):** [Insert X Handle]
– **Telegram:** [Insert Telegram Link]
– **LinkedIn:** [Insert LinkedIn Profile]

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

**About the Author**
Krasimir Rusev is a reporter at Coindoo with years of experience covering cryptocurrencies and financial markets. He specializes in analysis, news, and forecasts for digital assets, providing readers with in-depth and reliable information on the latest market trends. His expertise makes him a valuable source for investors, traders, and anyone interested in the dynamics of the crypto world.
https://coindoo.com/top-crypto-presale-to-watch-if-you-hold-bitcoin-and-ethereum/

Corbus Pharmaceuticals slumps 17%, prices $75M at $13 per share

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Chevron Non-GAAP EPS of $1.85 beats by $0.14, revenue of $49.73B beats by $2.31B

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Blockchain Industry Nears $20 Billion in Fees as Real Demand Takes Hold

Venture firm 1kx reports that users are on pace to spend nearly $20 billion on blockchain transaction fees in 2025. This significant figure highlights the growing real demand within the blockchain industry as it continues to expand and mature.

As blockchain technology gains wider adoption, transaction fees have become a critical metric reflecting user activity and network congestion. The $20 billion projection underscores the increasing reliance on blockchain platforms for various applications, from decentralized finance (DeFi) to non-fungible tokens (NFTs) and beyond.

The surge in fees also signals the industry’s transition from speculative hype to genuine utility, with more users engaging in meaningful blockchain transactions. As demand takes hold, stakeholders are paying close attention to scalability solutions and fee optimization to ensure sustainable growth.

The blockchain industry’s trajectory toward substantial fee revenue marks an important milestone, positioning it as a significant player in the broader financial ecosystem.

The post Blockchain Industry Nears $20 Billion in Fees as Real Demand Takes Hold appeared first on Coindoo.
https://coindoo.com/blockchain-industry-nears-20-billion-in-fees-as-real-demand-takes-hold/

Google (GOOGL) Q3 2025 earnings results beat revenue and EPS expectations

Markets have closed for the day, and Google (GOOGL) has released its latest quarterly earnings report. In Q3 2025, the tech giant surpassed expectations by beating both revenue and earnings per share (EPS) estimates.

For the first time in the company’s history, Google earned over $100 billion in a single quarter. The company reported revenue of $102.3 billion, exceeding the anticipated $99.96 billion. Additionally, Google posted an EPS of $2.87 per share, outperforming the analyst expectation of $2.26 per share.

CEO Sundar Pichai provided a statement in the earnings release, highlighting the company’s strong performance and growth.

Following the double beat on revenue and EPS, Google’s stock saw significant movement after hours. The stock price rose from $274.57 at market close to as high as $290.53.

In addition to Google, other tech giants Meta and Microsoft also shared their quarterly earnings reports today, contributing to an eventful earnings season.
https://www.shacknews.com/article/146572/google-q3-2025-earnings-results

Listen to the Microsoft (MSFT) Q1 2026 earnings call here

We’re set to learn more about Microsoft’s (MSFT) recent financial performance with the release of the company’s quarterly earnings report later this afternoon.

After markets close for the day, Microsoft will hold an earnings call to share more details and field questions from investors. You can listen to Microsoft’s Q1 2026 earnings call live.

The call will take place today, October 29, at 2:30 p.m. PT / 5:30 p.m. ET. We’ll be streaming the event on the Shacknews YouTube channel. Additionally, you can find the call available on Microsoft’s investor relations website.

That’s how you can listen to Microsoft’s Q1 2026 earnings call.

Be sure to check back here on Shacknews for all the news and insights from the earnings report and the subsequent call.
https://www.shacknews.com/article/146571/listen-to-msft-q1-2026-earnings-call