Bitcoin price continues to show weakness, which has trickled bearish sentiments into major altcoins like Ethereum, Solana, ADA, and DOGE. Analyst suggests that the next altcoin season is still looming due to Bitcoin and Ethereum underperformance. Bitcoin (BTC) resumed today’s trade in red, with the price falling back to around $91,000. Analysts noted that the Bitcoin weakness has failed to ignite the next altcoin season, where alternative cryptocurrencies like Ethereum (ETH) show bullish performance. Bitcoin Dominance Plunge, But Altcoins Still Bleeding According to MarketCap data, the Bitcoin price has declined by 15. 4% this month. This was accompanied by a drop in its dominance rate. As we discussed earlier, Bitcoin dominance measures the percentage of the BTC market capitalization relative to the entire crypto market’s cap. High dominance means BTC is dominating, while a drop suggests money is flowing to alternative cryptocurrencies. Usually, a dominance drop excites traders because it implies investors are selling BTC to buy altcoins, kickstarting the “alt season.” Altcoin Season is a market phase where top cryptocurrencies like ETH, Solana (SOL), and Dogecoin (DOGE) rally higher than BTC. It is often driven by speculation, FOMO, and rotating capital from BTC. However, analysts have pushed back that the recent drop in Bitcoin dominance is not a bullish rotation to altcoin. According to them, it is part of a reset, meaning a market-wide cooldown after over-leveraged trading. For emphasis, altcoins like Cardano (ADA), DOGE, and Solana have dropped more than BTC over the past 30 days. While BTC declined by 15. 4%, ADA plunged by 26. 9%, and Solana decreased by 27%. These declines showed that the altcoins are not yet attracting capital. Furthermore, most altcoins/BTC pairs are weak. For instance, the ETH/BTC only dipped slightly, meaning ETH is not surging ahead. However, the XRP/BTC is holding strong. Still, it hints at selective resilience in specific assets rather than a broad altcoin surge. Analyst Says We are Not Yet in an Alt Season Market analyst and Head of Markets at Hex Trust, Rohit Apte, frames the BTC drawdown as a continuation of deleveraging. Apte says an altcoin season has not yet arrived, as most altcoins have underperformed both Bitcoin and Ethereum on a relative basis. Apte explained that for an alt season to start, Bitcoin and ETH need to stabilize and consolidate. Meanwhile, traders are reducing exposure without aggressively rotating into altcoins, meaning they amplify market moves. This paints caution as the market trend, with no panic-selling, and no bold bets either. Furthermore, there are no signs of speculative fever within blockchain building on the Ethereum network. Base, the Coinbase layer-2 blockchain solution, stands out as the current hotspot. The layer-2 blockchain now processes about 19 million daily transactions. Other chains like Optimism, Arbitrum, Polygon, and Celo are steady, processing millions of transactions without congestion. True alt seasons usually feature network overloads, high fees, and explosive activity across multiple chains.
https://bitcoinethereumnews.com/bitcoin/bitcoin-btc-weakness-fails-to-ignite-altcoin-season-as-on-chain-data-shows-steady-activity/
Tag Archives: underperformance
Strive (ASST) Stock: Insider Purchases $1.25 Million in Preferred Shares
On November 5, 2025, Vivek Ramaswamy made a significant investment in Strive Inc., purchasing 15,625 shares of Variable Rate Series A Perpetual Preferred Stock at $80 per share for a total of $1.25 million. This transaction was part of Strive’s upsized underwritten public offering, as confirmed by a Form 4 filing with the Securities and Exchange Commission.
### Strive’s Upsized IPO
Strive completed an upsized initial public offering (IPO) on the same day, raising approximately $160 million by selling 2 million shares of Variable Rate Series A Perpetual Preferred Stock at $80 each. This offering was larger than the initial plan, which targeted 1.25 million shares. The gross proceeds from the offering are earmarked for various corporate purposes, including acquisitions of Bitcoin and potential debt repayment. Settlement of the offering took place on November 10, 2025.
### Ramaswamy’s Holdings
Following this purchase, Vivek Ramaswamy’s total holdings in Strive have grown significantly. He now directly owns 113,877,916 Class B Common Stock shares, and an additional 28,378,826 Class B shares are held indirectly through his 2021 Irrevocable Trust. Combined, his direct and indirect holdings exceed 142 million Class B Common Stock shares, with the newly acquired preferred shares adding to his portfolio.
### Stock Performance and Market Activity
As of November 7, 2025, Strive’s stock (ticker: ASST) closed at $1.51, reflecting a market capitalization of roughly $141 million. The stock has delivered an impressive 208% year-to-date return.
Between November 6 and November 7, ASST’s price rose from $1.45 to $1.51, showing a 37.3% gain over two weeks despite some underperformance earlier in the quarter. Market activity has surged as well, with over 278,000 option contracts traded on November 7 alone, pushing the open interest to 3.48 million contracts. The stock’s 52-week trading range spans from $0.335 up to $13.42.
Strive’s shares experience notable volatility, trading with a beta of -0.71 and a price-to-earnings (P/E) ratio of -1.62 due to ongoing operational losses. Recent technical indicators place price support at $1.24 and resistance near $1.66.
### Corporate Developments
In addition to financial moves, Strive’s board has approved the removal of the maximum number of directors cap, effective December 31, 2025. This change lifts the previous limit of 11 directors, allowing the company greater flexibility in board appointments.
Ben Werkman has joined Strive as Chief Investment Officer, bringing experience from Swan Bitcoin, where he previously served. Werkman also founded a Bitcoin treasury advisory firm and has a background at KPMG. Under his leadership, Strive continues to pursue its Bitcoin-focused investment strategy, aiming to accumulate Bitcoin and enhance Bitcoin-per-share value. The company’s goal remains to outperform Bitcoin itself as a long-term investment benchmark.
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Vivek Ramaswamy’s recent investment and Strive’s strategic moves highlight the company’s commitment to growth in the Bitcoin sector amid robust market interest and evolving corporate governance.
https://blockonomi.com/strive-asst-stock-insider-purchases-1-25-million-in-preferred-shares/
BMF won’t return for season 5 after the show gets canceled by Starz
**Black Mafia Family (BMF) Canceled After Four Seasons Despite Cliffhanger Ending**
Created by Randy Huggins, *Black Mafia Family* (BMF) is a crime-drama series that premiered in September 2021 on Starz. The show, executive-produced by Curtis “50 Cent” Jackson, centers on the true story of brothers Demetrius “Big Meech” Flenory and Terry “Southwest T” Flenory as they form one of the most influential crime families in the United States.
The series chronicles the Flenory brothers’ journey from the streets of Southwest Detroit in the 1980s to building a vast drug and money laundering operation that spreads across the country. *BMF* explores their rise to power, family dynamics, and the challenges that ultimately lead to their downfall.
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### Renewal and Cancellation
*Black Mafia Family* was renewed three times, with its fourth season airing from June 2025 to August 2025. However, as of October 2025, Starz has officially canceled the series after four seasons, despite the season 4 finale ending on a major cliffhanger. The show concluded with Big Meech being arrested by Detective Von Bryant, leaving fans without resolution as the series will not return for season 5.
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### Reasons Behind the Cancellation
Starz CEO Jeffrey Hirsch hinted at the possibility of the series’ cancellation in a March 12, 2024 interview with Deadline. Hirsch explained that rising production costs for ongoing shows played a significant role in the decision. He noted:
> “When seasons go from one to two to three to four, three to four is where the cost really pops because most of the actors get bigger raises, and you have to really manage that. So, you have to have in your portfolio of development shows that can actually replace shows as they get into later seasons.”
Hirsch emphasized Starz’s strategy to develop new shows to keep costs down, suggesting that launching fresh content could reduce expenses while maintaining or improving revenue.
According to *The Hollywood Reporter*, Hirsch expressed disappointment over season 4’s “underperformance.” He revealed that the season resulted in modest sequential declines in over-the-top (OTT) subscribers and revenue.
A report dated October 29, 2025 also indicated that the show’s future may have been impacted by a strained relationship between executive producer 50 Cent and the real-life Big Meech. This feud reportedly began after Big Meech’s release from prison in 2024.
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### Starz’s Content Strategy
During the March 2024 Deadline interview, Hirsch used *BMF* as an example to discuss Starz’s evolving content strategy. He compared *BMF* to *Power* — another popular Starz crime drama — and highlighted that while *BMF* cost about half as much to produce, the network preferred cycling in new shows to better manage expenses.
He added:
> “And so when you bring a BMF on, you know, BMF will be probably one of our two biggest shows, okay, it looks a lot like *Power*, it cost half as much, right? You look at the *Power* map and say, ‘Okay, if I take one of those characters out and spin one of those out, I can bring that on to replace the *Power* show at half the cost’.”
Hirsch assured that Starz’s data showed no significant viewer loss when canceling existing shows, as fresh content maintains user engagement and revenue. He concluded:
> “Now I’m putting a lot of money right to the bottom line. And I’m really not losing anything in terms of acquisition costs and subscriber viewership, because we know what those demos want. And we know how to line those up. And so that’s really the core of getting to that 20% [margin] turning that slate over with fresh content to drive the business.”
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### About *Black Mafia Family* Season 4
Season 4 of *Black Mafia Family* continues the story of Demetrius “Big Meech” Flenory and Terry “Southwest T” Flenory. The brothers fight to keep their criminal empire stable and thriving while facing threats from rival criminals and relentless law enforcement efforts.
A significant storyline in season 4 involves the brothers’ attempt to expand legitimate business interests by establishing Stomping Ground Records, a music label focused on signing emerging R&B stars. This development parallels the real-life BMF’s move into the entertainment industry.
Meanwhile, Detective Von Bryant leads a ruthless and persistent pursuit of the Black Mafia Family, culminating in the season finale’s cliffhanger arrest of Big Meech — an ending left unresolved due to the show’s cancellation.
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*Black Mafia Family* is currently streaming on Starz. Fans hoping for closure will have to look elsewhere, as Starz has confirmed the series will not return for a fifth season.
https://www.sportskeeda.com/us/shows/bmf-won-t-return-season-5-show-gets-canceled-starz
BNY Mellon Global Stock Fund Q3 2025 Commentary
**BNY Mellon Global Stock Fund Q3 2025 Commentary**
The BNY Mellon Global Stock Fund (DGLRX) underperformed its benchmark, the MSCI World Index, during the third quarter of 2025. Several factors contributed to this cautious performance outlook, including tariff uncertainty, government debt trajectories, and valuation concerns in certain areas of the market.
One notable drag on relative returns was the fund’s greater exposure to the weak healthcare sector, alongside underperformance from some held names. Despite these short-term challenges, we remain confident that the long-term driver of investor returns will be the enduring ability of companies to innovate, grow, and prosper.
**Market Review**
Global equity markets continued to rise throughout Q3 2025, even amid concerns over economic growth. This upward momentum was supported by central banks—most notably the U.S. Federal Reserve—shifting their policy stance toward easing. Additionally, broadly resilient earnings growth helped sustain investor confidence and market performance.
**About BNY Investments**
BNY Investments is a global, multi-specialist asset management group anchored by the strength and resilience of BNY, which boasts a 240-year history and wealth of experience. Managing nearly $2 trillion in assets, BNY Investments offers a wide range of investment solutions developed and managed by talented asset class specialists. Each specialist team employs distinct philosophies and proven approaches to delivering value.
For inquiries or further communication, please use BNY Investments’ official channels.
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*Comments*
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https://seekingalpha.com/article/4835176-bny-mellon-global-stock-fund-q3-2025-commentary?source=feed_all_articles
Sports betting guru ‘Sugar’ caught with one-way ticket to Colombia in bizarre prelude to explosive NBA gambling case
A sports-betting guru caught up in the explosive NBA gambling scandal attempted to flee the country in January with $10,000 and a one-way ticket to Colombia, court papers reveal. Shane “Sugar” Hennen, 40, was apprehended at Las Vegas’ Harry Reid International Airport as federal authorities closed in on a separate point-shaving case involving him and former NBA player Jontay Porter.
The point-shaving scheme, detailed in court documents, served as a prelude to the stunning twin indictments unveiled on Thursday. The feds accused Hennen, a convicted felon known for flaunting his gambling wins on Instagram, of masterminding a plan in which Porter would fake injuries to pull himself out of games, allowing them to place lucrative bets.
Porter eventually pleaded guilty in the game-rigging scandal and was banned from the NBA. Meanwhile, after his failed attempt to flee, Hennen entered into plea negotiations in that case.
What initially appeared to be an isolated affair unraveled into a much wider gambling probe. On Thursday, authorities arrested 31 individuals, including wiseguys from four Mafia families, Portland Trail Blazers head coach Chauncey Billups, Miami Heat guard Terry Rozier, and former NBA player Damon Jones.
Hennen faces charges in both indictments—covering illegal sports betting and rigged poker games. According to court documents, he allegedly supplied cheating technology, such as card-shuffling machines altered to digitally read the cards in the deck, which was used in the crooked poker games.
The sports betting indictment also details how Hennen placed bets based on Porter’s fake injuries. More explosively, it alleges that Terry Rozier, who had been previously cleared by the NBA after a probe into unusual betting activity, told conspirators he would pull himself out of a 2023 game with an injury.
Hennen reportedly directed a network of bettors who wagered $200,000 on Rozier’s underperformance. The indictment states:
“Rozier’s early exit from the March 23 game and his related underperformance relative to his season averages for points, assists, and three-pointers resulted in the success of numerous fraudulent wagers placed on Rozier’s unders by the defendants and their co-conspirators.”
This sprawling scandal has rocked the NBA and highlighted the growing challenges authorities face in combatting illegal sports gambling and game manipulation.
https://nypost.com/2025/10/24/us-news/sports-betting-guru-sugar-caught-in-prelude-to-nba-gambling-case/