Affected by a plan to destroy ten trillion, BONK hits a new high
According to CoinDesk, BonkDAO completed the destruction of 100 billion circulating BONK on the 15th, equivalent to about $3.71 million. It also plans to destroy one trillion BONK before Christmas in December. This large-scale destruction plan (BURNmas) will start at 8:01 on November 15 (UTC+8) and end at 8:01 on December 24 (UTC+8).
BONK core contributor @iamkadense stated that "7.7 trillion BONK have been destroyed, and the daily amount of destruction is still increasing. In addition to the recently destroyed 100 billion BONK, there are one trillion BONK that will be destroyed during BONKmas, and the community may not stop there." Market trends show that BONK has soared by 16% in the past 24 hours to a new high, leading major currencies and blue-chip stocks with a trading volume reaching $2.6 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Japanese Yen: Breakout to set direction against US Dollar - Societe Generale
BUZZ - PepsiCo's stock rises as the company predicts annual revenue will reach the upper end of its guidance range
October 8 - * Snack and carbonated beverage giant PepsiCo (PEP.O) saw its shares rise by 2% in pre-market trading, quoted at $125.32. ** The beverage manufacturer stated it expects full-year revenue to reach the upper end of the previously forecasted range of 4% to 6%. ** It now anticipates annual core earnings per share growth of 1% to 2% at constant currency, compared to the previously forecasted lower end of the 4% to 6% range. ** Third-quarter net revenue came in at $25.27 billions, surpassing analyst expectations of $24.96 billions compiled by LSEG. ** Core earnings per share grew 2% in the third quarter to $2.34. ** CEO Ramon Laguarta stated: "We are currently formulating further structural cost-saving measures, which will be implemented in the coming months." ** As of the previous session close, the stock was down 13.8% year-to-date. (For the convenience of non-English speakers, Reuters provides automated translations of its reports into several other languages. Since automated translations may contain errors or lack necessary contextual information, Reuters does not guarantee the accuracy of these automated text versions. They are provided solely for reader convenience. Reuters assumes no responsibility for any damage or loss arising from the use of automated translations.)
Updated version 1 - PepsiCo will cut costs as weak North American business weighs on annual core profit outlook
The third paragraph adds comments from the CEO, and the fourth paragraph provides information on stock price trends. Reuters, October 8 - PepsiCo (PEP.O) announced on Thursday that, due to weak snack and beverage demand in North America and rising input costs, it has lowered its annual core profit forecast and will further advance cost-cutting measures. Consumer goods manufacturers such as PepsiCo, General Mills (GIS.N), McCormick (MKC.N), and Conagra Brands (CAG.N) are facing a challenging operating environment: soaring raw material costs are squeezing profit margins, and rising gasoline prices are prompting consumers to be cautious with their spending, thereby dampening demand. “We are developing additional structural cost reduction measures, which will be implemented in the coming months to support investments aimed at accelerating organic revenue growth and mitigating the impact of input cost inflation,” CEO Ramon Laguarta stated in the announcement. The company’s shares rose about 1% in pre-market trading. The company expects that, after adjusting for currency fluctuations, fiscal 2026 core earnings per share will rise between 1% and 2%, lowered from the previous forecast of a 4% to 6% increase at the low end. In addition, the company expects annual organic revenue to grow by roughly 3%, compared to its previous forecast range of 2% to 4%. (For the convenience of non-English speakers, Reuters has automatically translated this report into several other languages. Automated translations may contain errors or may lack necessary context, and Reuters does not guarantee the accuracy of automated translation texts, which are provided for convenience only. Reuters accepts no liability for any damage or loss arising from the use of the automated translation feature.)
BUZZ-IonQ shares surged as the company has advanced to the final stage of the U.S. Quantum Testbed Program.
On October 8, shares of quantum computing company IonQ (ticker: IONQ.N) rose 1.52% in pre-market trading to $41.97. The company announced that it has entered the third phase of the DARPA (Defense Advanced Research Projects Agency) quantum benchmarking program. This move signals recognition of IonQ's quantum computing technology. DARPA is a U.S. government agency responsible for funding and promoting the development of advanced defense technologies. Its QBI program aims to test which quantum computers will ultimately have the performance and reliability required for real-world applications. The third phase is the final testing and validation stage, set to last until 2029, with a potential contract value of up to $300 million. As of the previous trading day’s close, IonQ's stock was down 7.87% year-to-date.
Crypto prices
More
