Group 1 - Warner Bros. Discovery, Inc. is experiencing speculation regarding a potential takeover, with the stock price reflecting arbitrage levels in anticipation of such a deal [1] - The CEO, David Zaslav, is projected to increase the stock value to between $24 and $27 per share, while the current price is at $20 [2] - There is a belief that certain AI stocks may offer better investment opportunities compared to WBD, despite its potential [2] Group 2 - The company operates in the media and entertainment sector, focusing on the creation and distribution of movies, TV shows, and streaming content [2]

Cross-Chain Activity - Zcash built 6 cross-chain bridges in 30 days after a 65% price increase [1] - Wrapped assets trade at a 0.5-2% discount to native assets [1] - Infrastructure is racing to catch up with price action [1] Trading and Market Dynamics - zenZEC is available on Solana [1] - Hyperliquid offers ZEC perpetuals at 50x leverage [1] - NEAR intents facilitate 2-tap swaps [1] - A whale shorted 3,230 ZEC on Hyperliquid after depositing $3 million USDC [1] - Arbitrage bots are expected to capitalize on spreads [1]

cme bitcoin futures basis at 1.98%, lowest since mid-2023. below 2% marked the exact top in may 2021 before 50% correction. blackrock ibit saw first major outflow at $149.3m yesterday after 10 months straight inflows. us institutions distributing into offshore and defi rotation. basis below 3% means no arbitrage profits left, no reason to hold futures over spot. last time this happened btc dropped to 0.618 fib within 8 weeks. ...

Group 1 - The company ABC arbitrage has announced key financial event dates for the 2026 financial year [2][4] - The announcement of the 2025 annual results is scheduled for Tuesday, March 24, 2026 [4] - The 2026 Annual General Meeting will take place on Friday, June 5, 2026 [4] - The announcement of the 2026 half-year results is set for Tuesday, September 22, 2026, with publications occurring at 07:00 am before market opening [4] - The company has opted not to publish any quarterly or interim information for the 2026 financial year, following amendments to the Transparency Directive and recommendations from the Autorité des Marchés Financiers [5]

Core Insights - The introduction of futures contracts for Solana and XRP by CME Group has led to significant growth in these smaller cryptocurrencies, benefiting from improved infrastructure and liquidity [1][2] - Solana and XRP have experienced record open interest in futures contracts, reaching approximately $3 billion in outstanding contracts, indicating strong market participation [2][4] - Individual investors are increasingly participating in the futures market, broadening the base of market participants beyond financial institutions [3] Market Performance - Solana and XRP futures achieved $1 billion in notional open interest in August, with Solana futures doubling their open interest in just 18 days [4] - In October, Solana futures averaged nearly $700 million in daily trading volume on a notional basis, showcasing robust trading activity [4] Regulatory Environment - The regulatory clarity in the U.S. has attracted more market participants, enabling strategies like basis trading that capitalize on price differences between spot and future prices [6] - The launch of exchange-traded products (ETFs) tied to Solana and XRP has further facilitated these trading strategies, allowing for greater market engagement [6]

Core Insights - The surge in gold prices has led to unprecedented demand from new clients, including large corporations and family offices, indicating a significant shift in the market dynamics [1][2] - Trading houses and hedge funds are capitalizing on price dislocations between trading hubs, creating lucrative arbitrage opportunities [3][4] - The market has seen a dramatic increase in trading volume, with nearly $600 billion worth of spot gold traded weekly in London, a threefold increase since 2021 [6][7] Market Dynamics - The current market is characterized by a lack of experienced gold traders due to banks operating with lean teams, which has resulted in a shallow talent pool [5][6] - The demand for traders who understand macroeconomic forces and the logistics of moving precious metals is high, as these skills are crucial for exploiting arbitrage opportunities [7] Compensation and Incentives - Traders in the physical trading houses and hedge funds are experiencing significant turnover, with many being approached for new opportunities due to the competitive market [8][10] - Compensation packages, particularly bonuses, in physical trading houses can be 2 to 3 times higher than those in banks, making these positions highly attractive [9][10]

Report Summary 1) Report Industry Investment Rating No investment rating information is provided in the report. 2) Core View The report presents cross - market, cross - period, and cross - variety arbitrage tracking data for non - ferrous metals including copper, zinc, aluminum, nickel, lead, and tin on October 27, 2025, to provide data support for potential arbitrage opportunities [1][4][5]. 3) Summary by Related Catalogs Cross - Market Arbitrage Tracking - **Copper**: On October 27, 2025, the domestic spot price was 86,475, the LME price was 10,922, and the ratio was 7.88; the domestic three - month price was 87,680, the LME price was 10,948, and the ratio was 7.89. The equilibrium ratio for spot import was 8.09 [1]. - **Zinc**: The domestic spot price was 22,190, the LME price was 3,216, and the ratio was 6.90; the domestic three - month price was 22,385, the LME price was 3,029, and the ratio was 5.78. The equilibrium ratio for spot import was 8.51, with a loss of 5,172.40 [1]. - **Aluminum**: The domestic spot price was 21,110, the LME price was 2,884, and the ratio was 7.32; the domestic three - month price was 21,245, the LME price was 2,881, and the ratio was 7.35. The equilibrium ratio for spot import was 8.36, with a loss of 2,991.35 [1]. - **Nickel**: The domestic spot price was 124,100, the LME price was 15,131, and the ratio was 8.20. The equilibrium ratio for spot import was 8.19, with a loss of 1,226.75 [1]. - **Lead**: The domestic spot price was 17,275, the LME price was 1,980, and the ratio was 8.74; the domestic three - month price was 17,550, the LME price was 2,017, and the ratio was 11.03. The equilibrium ratio for spot import was 8.82, with a loss of 158.57 [3]. Cross - Period Arbitrage Tracking - **Copper**: On October 27, 2025, the spreads between the next - month, three - month, four - month, and five - month contracts and the spot - month contract were 1,690, 1,650, 1,610, and 1,650 respectively, while the theoretical spreads were 532, 962, 1,401, and 1,841 [4]. - **Zinc**: The spreads were 55, 85, 120, and 135, and the theoretical spreads were 215, 335, 456, and 576 [4]. - **Aluminum**: The spreads were 90, 110, 95, and 80, and the theoretical spreads were 217, 334, 452, and 570 [4]. - **Lead**: The spreads were - 20, - 65, - 75, and - 70, and the theoretical spreads were 213, 322, 431, and 540 [4]. - **Nickel**: The spreads were 1,000, 1,160, 1,330, and 1,600 [4]. - **Tin**: The spread between the 5 - month and 1 - month contracts was 10, and the theoretical spread was 5,878 [4]. Spot - Futures Arbitrage Tracking - **Copper**: The spreads between the current - month and next - month contracts and the spot were - 350 and 1,340 respectively, and the theoretical spreads were 338 and 1,063 [4]. - **Zinc**: The spreads were 110 and 165, and the theoretical spreads were 180 and 309 [4]. - **Lead**: The spreads were 340 and 320, and the theoretical spreads were 202 and 317 [5]. Cross - Variety Arbitrage Tracking - On October 27, 2025, the ratios of copper/zinc, copper/aluminum, copper/lead, aluminum/zinc, aluminum/lead, and lead/zinc for Shanghai (three - continuous) were 3.92, 4.13, 5.00, 0.95, 1.21, and 0.78 respectively, and for London (three - continuous) were 3.63, 3.83, 5.43, 0.95, 1.42, and 0.67 [5].

megaeth ico has 100k signups for 5,000 guaranteed spots. hyperliquid pricing it at $5b vs $999m sale cap. everyone calculating their 5x on allocations they won't get. if you bid max $186k and get 10% fill that's $18.6k deployed. the real arb is shorting mega perps at $5b now before allocation reality hits. ...

Market Structure Evolution - The market structure around spot trading on Solana has evolved rapidly due to the rise of prop AMMs [1] - Prop AMMs provide tighter quotes by actively managing liquidity, updating quotes multiple times per second [1] - Prop AMMs' midpoint often tracks CEX prices like Binance, considered the "true" price [1] Arbitrage Dynamics - The CEX leg of CEX<>DEX arbitrage is shifting onchain [1] - Arbitrage bots now buy from stale onchain venues and sell to Prop AMMs, capturing spreads atomically in a single transaction [1] - Increased use of flash loans by arbitrage bots to capture these arbs [1] - A material amount of CEX<>DEX arbs are moving over DEX aggregators [1] - A majority of this volume is on the SOL-USD pair, the most liquid volatile asset on Solana [1] DEX Aggregator and Cyclic Arbitrage - There's a tight relationship between the percentage of DEX aggregator volume that moves over Prop AMMs and the percentage of DEX aggregator volume that is cyclic arbitrage [2] - Cyclic arbitrage is defined as transactions with the same input and output token, capturing the arbitrage transactions [2] Onchain vs CEX Price Discrepancies - When onchain price is $200 and Binance price jumps to $205, Props race to update their books to mirror Binance [3]

Manual trading this fall? Not the move.Let our Smart Arbitrage Bot work while you take a lil vacay 😎 https://t.co/b7faOY7HEm ...