Market Signal Briefing

The Monad price soared more than 53% as its highly anticipated mainnet launch drew strong market attention. MON quickly gained traction after going live, with buyers reacting to the network’s rollout and its impressive performance capabilities. The activation showcased Monad’s high-speed scaling, attracting new users and pushing the token out of its prolonged consolidation phase.

Following the launch, the Monad chart reflected a significant structural shift. MON broke cleanly above its multi-week descending channel, signaling renewed bullish momentum. Strong daily candles emerged as short-term traders reengaged with the market. Technical indicators also turned increasingly favorable, with +DI rising near 62 and maintaining a clear separation from -DI, while ADX surpassed 63 to confirm strong trend momentum.

The price reclaimed the important mid-range zone around $0.03, establishing a solid support base for continuation. This defense set the stage for MON’s climb toward its current level near $0.042. Traders are now watching the key resistance around $0.047, which may determine whether the token can extend its breakout. As long as the reclaimed support holds, the broader structure remains bullish.

Monad’s mainnet debut accelerated ecosystem excitement, driving rapid engagement from users and developers. Offering up to 10,000 TPS and low-cost execution, the network opened new opportunities for builders testing contracts and early applications. Visibility increased with new listings across various platforms, drawing fresh liquidity and participation. The launch also aligned closely with earlier public sale pricing near $0.025, encouraging buyers who had been waiting to assess the chain’s real-world performance.

Growing wallet activity and early deployment tests strengthened the narrative around Monad’s speed and execution capabilities. With demand rising and sentiment improving, MON approaches a decisive point that may shape its next major move. A confirmed breakout above $0.047 could signal continued upside as adoption expands and ecosystem activity deepens.

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Journalist

Posted: November 26, 2025

Key Takeaways
Why is BONK up today?
Because buyers — especially whales — stepped in aggressively after the recent dip, flipping market dominance back to the buy side.

What confirms the renewed demand?
A 111% surge in volume, 4.3T in buy orders over three days, and a positive Buy-Sell Delta of 300B signal strong accumulation.

After a period of prolonged downtrend, BONK reached a bottom.

The memecoin has closed at higher highs since hitting a local low of $0.00000844 four days ago.

 In fact, on the daily charts, Bonk [BONK] rallied 13.25%, hitting a high of $0.0000103 before slightly retracing to $0.00001007 at press time. 

Over the same period, its volume surged 111% to $194 million, indicating increased capital inflows. But why is BONK up today?

BONK buyers buy the dip
Significantly, as BONK declined, holders and investors turned to aggressive selling, fearing more losses. 

As such, sellers had dominated the market until days ago, when buyers stepped in to buy the dip. As a result, buyers have retaken the spot market, as evidenced by Spot Taker CVD. 

Source: CryptoQuant

According to CryptoQuant, this metric has shown buyer dominance over the past seven days, reflecting sustained demand. 

Historically, buyers’ dominance has preceded stellar price performance in an asset’s price charts. 

Significantly, these demands have been more prevalent in the past three days. Over this period, the memecoin recorded 4.3 trillion in Buy Volume. 

This buying pressure skyrocketed in the past 24 hours, with the memecoin recording 2.4 trillion in Buy volume compared to 2.2 trillion in Sell Volume. 

Source: Coinalyze

As a result, the memecoin recorded a Buy Sell Delta of 300 billion, a clear sign of aggressive spot accumulation. 

Whales take charge
Interestingly, some of the most active buyers in the market have been mostly whales. Spot Average Order Size data from CryptoQuant showed large whale orders. 

Source: CryptoQuant

Typically, large whale orders reflect increased participation from large entities, in this case, as they accumulate the memecoin.

Historically, increased whale accumulation has accelerated upward pressure on an asset’s price, driving prices higher.

Furthermore, exchange activities further echoed this accumulation trend. According to Coinglass, BONK’s Spot Netflow turned negative for the first time in three days.

Source: CoinGlass

At press time, Netflow was -$385.6k, a significant drop from $2.11 million the previous day. Such a massive decline indicates increased outflows from the exchanges.

A start of a sustained uptrend?
According to AMBCrypto, BONK bounced back as buyers, including whales, stepped into the market to accumulate the memecoin.

For that reason, its Stochastic RSI surged to 68, signaling buyers’ dominance. At the same time, its Relative Vigor Index (RVGI) made a bullish crossover, validating the trend’s strength.

Source: TradingView

Typically, when momentum indicators are set this way, they signal potential trend continuation. Thus, if the recent demand holds, BONK will target $0.000011.

Hitting these levels will strengthen the memecoin and push it to $0.000013, completing the breakout. However, if demand dwindles quickly and profit takers emerge, BONK will drop to $0.000009.

Cover image via www.freepik.com

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The market is showing its first signs of recovery. However, it is too premature to anticipate a quick recovery that would bring back all the losses we have experienced in the last few weeks. XRP is seeing a solid gain in volume and capitalization and Ethereum is still struggling, while SHIB is adding more than a trillion in bullish volume. In other words, the picture is mixed. 

XRP's massive spikeDue to exceptionally high transactional activity throughout the network, XRP recently saw one of its biggest upside movements in weeks, rising 13% in a single session. This was a coordinated spike in exchange volume and on-chain payments, rather than a speculative wiggle or an oversold bounce, and the price chart shows that the market responded sharply.

The rebound began precisely at the lower edge of XRP’s declining channel, where buyers intervened forcefully enough to produce the biggest green candle since early November. The move restored short-term momentum and temporarily halted the downtrend by pushing the price directly toward the mid-channel region.

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XRP/USDT Chart by TradingViewImportantly, this occurred as XRP Ledger payments skyrocketed into the multimillion range, demonstrating that network usage was not only alive but also accelerating. This is significant because price weakness has not been the only issue facing XRP over the last two months. Lack of network confirmation has been the cause.

On-chain utility appeared stagnant, transaction volume fluctuated and payment counts waned close to local bottoms. This pattern is finally broken by the most recent surge in activity, which was accompanied by a clear market reaction. To put it another way, the price did not rise on its own. Something genuine happened within the network, which caused it to rise.

What, then, should investors anticipate? First, continuation is not assured, but it is possible. The 20-day, 50-day, 100-day and 200-day major moving averages are still above XRP, which is still trapped in its declining macro channel. They serve as dynamic resistance and usually impede any reversals in the early stages.

Second, if network activity stays high, this move will not be sustainable. XRP has a good chance of testing the channel’s upper boundary, which is between $2.40 and $2.55, if the payment volume spike continues over the coming days. This would be the first real attempt to break the larger downtrend.

Ethereum's dreadful stateThe timing of Ethereum's recent mini-death cross, which saw the 50-day EMA cross below the 100-day EMA, could not be worse for a market that was already having trouble gaining momentum. This shorter-term version, in contrast to the traditional 50/200 EMA death cross, confirms that medium-term trend deterioration is speeding up but does not indicate a macro collapse. This is fully supported by ETH’s chart.

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For weeks, the price has been stuck beneath a string of declining EMAs. Every bounce has been shorter, weaker and met with sell pressure right away. Now that the 50 and 100 EMAs have flipped into a bearish alignment, ETH’s capacity to maintain upward movement is further diminished. These crossovers basically indicate that momentum has shifted decisively in favor of sellers and that recent price performance has been much worse than in the previous few months.

Even the shortest moving averages could not be recovered despite the recent bounce from the $2,800 zone. Rather, ETH surged into resistance. When a death cross establishes the tone, EMAs shift from dynamic support to dynamic resistance. Bulls must fight uphill, and each upward move carries the risk of turning into a downward one.

Even worse, the rounding bottom that Bitcoin and Shiba Inu are starting to exhibit is not being formed by ETH. This is just a steep decline, a feeble countertrend push, and still-declining EMAs are directly overhead. The mini-death cross, in this situation, confirms that the downtrend has room to continue and is more than just a signal.

Shiba Inu trying to recoverJust as the token was attempting to reverse its most recent sell-off, Shiba Inu printed one of its busiest trading days in months, adding about one trillion SHIB in volume. That level of volume typically indicates either early accumulation from larger players or peak capitulation; it does not just happen.

On the chart, the impact is evident right away: SHIB easily recovered from the $0.0000075-$0.0000080 support zone, which is also where the RSI reached extremely low levels. Since SHIB has not had significant participation all month, the trillion-unit volume spike is significant. The majority of the candles in November were thin, broken and dominated by vendors cutting prices.

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It only takes one strong day to reverse market dynamics when a downtrend becomes this linear and volume stops. That is precisely what occurred just now. Although a complete reversal is not confirmed by the subsequent bounce, it does indicate that the worst of the selling pressure may be abating.

At lows, volume spikes usually indicate either (1) capitulation, which is the final significant wave of panic-selling, or (2) accumulation, which is large holders stepping in to absorb weakness. SHIB’s candle appears to have leaned toward the second based on its structure. Instead of allowing prices to plummet, buyers absorbed supply and drove the market higher from its lowest points.

TLDR

Table of Contents

TLDRBitcoin Rewards and Flexible SpendingNo Fees, but Spread Fee AppliesPlans for Global Expansion and New FeaturesKraken’s Financial MilestonesGet 3 Free Stock Ebooks

Kraken has launched its Bitcoin rewards debit card, the Krak Card, for users in the UK and EU.
The Krak Card offers 1% cash back on every purchase, with rewards available in Bitcoin or local fiat currency.
Users can pay globally with over 400 supported assets at Mastercard-accepting merchants.
Kraken’s app allows users to set spending orders for their assets, ensuring smooth transactions even when balances are insufficient.
The card comes with no monthly or annual fees but includes a spread fee when assets are converted to complete transactions.

Kraken has unveiled its Bitcoin rewards debit card, the Krak Card, for users in the UK and EU. The card operates on the Mastercard network and offers 1% cash back on every purchase. Users can choose to receive rewards in Bitcoin or local fiat currency.

Bitcoin Rewards and Flexible Spending
The Krak Card connects directly to a user’s spending balance in the Krak app. It supports over 400 assets, including Bitcoin, Ethereum, and Solana, allowing users to pay at any Mastercard-accepting merchant. The card enables users to set a spending order, choosing which currencies to spend first.

Users can purchase goods even if their Bitcoin balance is insufficient. In such cases, the app automatically pulls funds from other balances, such as Solana or Ethereum. This system ensures transactions are always completed, even with a shortfall in one asset.

No Fees, but Spread Fee Applies
Kraken has announced that the Krak Card comes with no monthly or annual fees. However, users may incur a spread fee when converting assets to complete a transaction. This fee applies only when an asset sale is necessary to cover the purchase amount.

Kraken’s decision to eliminate regular fees highlights its focus on providing accessible financial tools. The card is expected to roll out to more regions soon, expanding its availability beyond the UK and EU. Kraken plans to add further card options, including credit products and enhanced rewards, in the future.

Plans for Global Expansion and New Features
Kraken has confirmed its ambition to bring the Bitcoin rewards card to U.S. users. The firm is also considering introducing new features to make the card offering more appealing. “We aim to rapidly expand this offering to U.S. Kraken users and add additional features,” a Kraken representative said.

Kraken debuted the Krak App in June, which has already been downloaded over 450,000 times. The app competes with popular peer-to-peer payment services like Venmo and Cash App. Kraken continues to innovate in the crypto space and has plans for further growth.

Kraken’s Financial Milestones
In recent developments, Kraken filed an S-1 form to go public, signaling a potential IPO. The company also raised $800 million, valuing it at $20 billion ahead of its public debut. Kraken’s latest Bitcoin rewards product comes at a time when other crypto exchanges, such as Coinbase and Gemini, have launched similar offerings.

The Kraken Bitcoin rewards card is one of the latest moves in Kraken’s strategy to expand its financial products. It provides an easy entry point for users looking to combine crypto with everyday spending. As the firm expands its offerings, more users can expect to benefit from its services in the near future.

Solana delivered a notable price rebound over the past 24 hours, gaining 5.44% and reaching $138.56 amid a surge in ecosystem activity. The recovery comes during a period of uncertainty across the broader crypto market, suggesting that Solana's internal fundamentals—not just macro trends—played a central role in the recent move.

MicroStrategy’s long-standing strategy of leveraging equity markets to accumulate Bitcoin is entering its most challenging phase yet. The company’s market premium over its Bitcoin holdings has collapsed toward parity, raising doubts about whether Michael Saylor’s highly leveraged model can continue to function as intended. Recent filings show MicroStrategy holding 649,870 BTC at a cost basis of roughly $48.4 billion, but investors are no longer assigning the high valuation multiples that once fueled accretive expansion. With mNAV falling below 1x in November—meaning shares now trade around or even below the value of the underlying Bitcoin—the foundation of its accumulation strategy is weakening.

This sharp reversal coincides with a broader downturn in crypto markets. Bitcoin fell more than 30% from its October peak, sliding under $90,000, while MicroStrategy’s stock declined even faster. Investors are increasingly concerned about the company’s heavy dependence on capital markets as its annual preferred dividend obligations exceed $640 million, far outstripping its small $54 million cash position. Its core software business also remains cash-flow negative for 2025, widening the gap between internal liquidity and external obligations.

To sustain its strategy, the company raised about $20 billion in the first nine months of 2025 through convertibles, preferred stock, and ATM equity sales. But this funding engine depends on trading at a premium to net asset value. With that premium gone, new issuance risks diluting shareholders instead of boosting Bitcoin per share. Rising capital costs compound the pressure, with preferred shares yielding above 10% and penalty rates reaching up to 18% if payments lapse.

Market confidence took another hit after the October 10 crash, when Bitcoin plunged amid more than $19 billion in liquidations and rapidly thinning liquidity. For a company holding over 3% of Bitcoin’s supply, the episode underscored fears of potential forced selling during stress.

Adding to the uncertainty, MSCI is weighing whether to exclude companies with heavy digital-asset exposure from its indices. With roughly 77% of its assets in Bitcoin, MicroStrategy could face billions in passive outflows if removed, further compressing mNAV and limiting access to capital.

Although the company argues its Bitcoin reserves provide decades of dividend coverage, that assumes ideal market conditions and ignores liquidity and tax realities. For now, investors appear unwilling to pay a premium for Bitcoin exposure when lower-risk ETFs exist. A renewed premium may only emerge if Bitcoin rallies significantly or index providers reconsider their stance. Until then, MicroStrategy faces its most strained period yet, with the sustainability of its leveraged Bitcoin play under increasing scrutiny.

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XRP delivered one of its strongest sessions in weeks, climbing 13% as both exchange volume and on-chain payments spiked simultaneously. Unlike typical speculative swings or oversold bounces, this move stemmed from a coordinated surge in real transactional activity across the XRP Ledger. The rally began precisely at the lower boundary of XRP’s long-running declining channel, where buyers stepped in aggressively enough to print the largest bullish candle since early November. This injected fresh momentum into the market and pushed the price toward the mid-channel region, temporarily slowing the broader downtrend.

A critical driver behind the move was the abrupt jump in XRP Ledger payments, which soared into multimillion-transaction territory. For weeks, XRP had been dealing not only with price weakness but also with concerns about fading network utility. Transaction counts fluctuated, payment levels fell near local lows and on-chain activity appeared stagnant. The latest spike breaks this pattern decisively, signaling renewed demand and validating the price reaction. The rise was not a random upswing — it reflected genuine network engagement.

Still, investors should remain cautious. XRP continues to trade below its 20-day, 50-day, 100-day and 200-day moving averages, all of which act as strong overhead resistance and typically slow early-stage reversals. The asset also remains inside its broader downward channel, meaning continuation is possible but not guaranteed.

If elevated network activity persists, XRP could build enough momentum to challenge the channel’s upper boundary between $2.40 and $2.55. A move into that zone would mark XRP’s first meaningful attempt in months to break the macro downtrend. For now, the market is watching whether the surge in payments represents a short-lived spike or the start of a sustained recovery trend.

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According to Versan Aljarrah, founder of Black Swan Capitalist, fear has crept back into the XRP market as the token trades under pressure. Prices slipped below the $2 mark and recently hit about $1.83 before a small rebound. Volatility has been sharp, and many traders are being pushed into quick exits.

Volatility Tests Investors
Based on reports, XRP’s slide accelerated after a broad market crash in early October tied to tariff tensions between the US and China.

That turmoil forced billions of dollars of liquidations across exchanges. Different platforms briefly showed very different lows — Kraken recorded $1.40 while Binance charts on TradingView showed a flash low at $0.76.

Fear is back, and it always hits those who don’t understand what it means to hold XRP. Most won’t survive the engineered volatility ahead. The system shakes out the weak long before real valuation even begins.

— Black Swan Capitalist (@VersanAljarrah) November 23, 2025

Those swings left behind gaps in liquidity, including a zone around $1.98 to $1.99 that traders are watching closely.

Price action has been messy but not one-directional. XRP was trading around $2.22, up about 1.8% in the last 24 hours, and in another snapshot it was reported changing hands close to $2.24 amid a rebound. Over the most recent 72 hours, the token posted a rally of more than 18%, showing how fast sentiment can flip.

According to Aljarrah, fear has returned, and “it always hits those who don’t understand what it means to hold XRP.” The analyst pointed out that a good number of people will fall before they could even make it and “survive the engineered volatility ahead.” The system, he said, “shakes out the weak” long before actual market valuation takes its course.

History And Psychology At Work
Analysts and market observers point to XRP’s stop-and-go history as part of the problem. In 2017, the coin lingered for months before surging roughly 70,000% and then dropping by as much as 95% at certain stretches.

XRPUSD now trading at $2.21. Chart: TradingView
In 2024, it traded quietly for much of the year before jumping over 600% near year end. That pattern makes holding the token psychologically hard for many. People sell too soon, often right before big moves.

Support levels are being watched closely. Reports list key buffers at $1.95, $1.75, and $1.60. On the upside, some analysts are projecting a rebound to $4 by 2026, with longer-range targets of $13 and $27. Those are forecasts, not promises, and they assume steady market conditions and continued interest.

While $XRP jumped 17% in the last 72 hours, whales used the move to lock in profits, selling more than 180 million tokens. pic.twitter.com/t9aKQqTwQN

— Ali (@ali_charts) November 25, 2025

Whales Take Profit Amid Rally And ETF Flows
Meanwhile, analyst Ali Martinez said larger holders have been taking profits during the rebound. Whales holding between 1 million and 10 million XRP reportedly sold over 180 million tokens, trimming their balances to about 4.74 billion XRP. That kind of selling can add pressure even while the price is trying to recover.

Institutional flows appear to be a counterweight. Based on reports, the Franklin Templeton and Grayscale XRP ETFs launched in the US yesterday and drew combined positive flows of $130 million on their first day.

Net inflows into US XRP ETFs on Monday were placed at $164 million, a figure that helped absorb some of the selling and supported a more than 7% gain over 24 hours in some trading windows.

Featured image from Pexels, chart from TradingView

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Bitcoin is now trading roughly 30% below its $126,000 all-time high, reflecting a market gripped by selling pressure, uncertainty, and fading confidence. The sharp downturn has shaken investors who expected continued upside, and many analysts are beginning to argue that the cycle has already peaked.

Price action remains fragile, with buyers struggling to regain control and momentum indicators pointing to exhaustion rather than strength. Yet, despite the bearish tone, there are emerging signs that the current phase may be approaching an inflection point.

According to top analyst Axel Adler, both the Bitcoin Bull-Bear Index and the Futures Flow Index remain firmly within a bearish regime, signaling that market structure still favors downside risk. However, Adler highlights that Bitcoin is currently trading 11% below its 30-day fair value of $99.2K, suggesting a notable disconnect between price and underlying derivatives positioning.

This divergence has historically appeared near corrective exhaustion zones rather than early-stage declines. Additionally, short-term dynamics across both indices indicate the first signs of an attempted reversal, with selling pressure slowly weakening and momentum beginning to stabilize.

Bearish Structure Weakens as Bitcoin Attempts to Stabilize
The daily Bitcoin bull and bear structure index shows a sustained shift to the bearish side since November 11, reflecting the strongest downside momentum of this cycle. The red BEAR line moved deep into negative territory at -36%, signaling persistent dominance of selling pressure.

Bitcoin Bull-Bear Structure Index | Source: Axel Adler
However, the indicator is now starting to reverse, suggesting that the most aggressive phase of bearish control may be fading. At the same time, Bitcoin is consolidating around $87,000 after briefly plunging to $80,000, marking an early attempt to stabilize and rebuild support following the sharp decline.

Fast versions of the index highlight increased volatility, with the metric rising from -43 to -20 — a clear sign that bear pressure is easing. Although this does not yet indicate a trend reversal, it reflects a meaningful reduction in downside intensity. In the futures market, the index remains in a bearish regime as well, with values rising but still failing to break above the key 55 threshold. A move above that level would signal the first structural attempt to transition back into a bullish phase.

The fair value level, currently positioned at $99,000, shows Bitcoin trading $11,000 below equilibrium, reinforcing undervaluation. Together, both indices indicate that the market is attempting to exit the bearish regime it has been trapped in for more than a month, though confirmation will require stronger follow-through.

Weekly Structure Tests Key Support Amid Attempted Stabilization
Bitcoin’s weekly chart shows the market attempting to stabilize after a sharp decline from its all-time high near $126,000. Price is currently trading around $87,300, reflecting a significant drawdown of more than 30% from the peak. The recent candle structure highlights a temporary rebound after tagging lows near $80,000, suggesting that buyers have stepped in at a critical support zone.

BTC testing key demand levels | Source: BTCUSDT chart on TradingView
The 100-week moving average, sitting close to current levels, is acting as an important dynamic support and has historically served as a threshold separating bullish continuation from deeper cyclical breakdowns. Despite the bounce, the price remains below the 50-week moving average, which is beginning to curl downward, signaling weakening trend strength.

Volume increased noticeably during the selloff, reflecting capitulation behavior and aggressive repositioning among market participants.

Related Reading: Bitcoin Loses $85K as Coinbase Premium Stays Negative for 21 Straight Days – Details

If Bitcoin maintains support above this zone and reclaims the 50-week moving average, a recovery toward the $95,000–$102,000 region becomes plausible. However, if selling pressure resumes and the price loses the 100-week moving average, the next downside magnet sits near the $75,000–$78,000 range.

The weekly structure shows a market in correction but not yet in a confirmed macro reversal, with the upcoming candles likely determining whether the cycle continues or breaks down further.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

BTC-spot ETFs reported net outflows of $3.69 billion in November, sending Bitcoin to a November 21 low of $80,523. BTC has influenced XRP and the broader market. However, spot ETFs could become the stepping stone toward an XRP-BTC decoupling as market conditions steady.

Franklin Templeton and Grayscale XRP ETFs Take Center Stage
Two highly anticipated XRP-spot ETF launches drew market attention amid volatile crypto market conditions. Franklin XRP ETF (XRPZ) reported day-one net inflows of $62.59 million, while Grayscale XRP ETF (GXRP) saw net inflows of $67.36 million. XRP-spot ETF issuers reported net inflows of $164.04 million on the day.

XRPZ’s relatively modest first day of trading contrasted with market expectations that Franklin Templeton’s prominence in the ETF space would fuel robust institutional demand. Notably, XRPZ’s first-day haul fell short of Canary XRP ETF’s (XRPC) first-day inflows of $243.05 million.

However, BTC-spot ETFs reported net outflows of $151.08 million on Monday, raising the possibility of an XRP-BTC decoupling.

Spot ETF flows for Tuesday, November 25, will be crucial for the Wednesday, November 26, session. Resilient inflows should boost demand for XRP, bringing the $2.35 level into play.

Fed Rate Cut Bets Edge Higher, Signaling a Positive Outlook
While XRP-spot ETF flows faced scrutiny, softer US labor market and retail sales data boosted bets on a December Fed rate cut, limiting the downside.

The ADP reported a 13.5k 4-decline in the four-week weekly average of employment. Rising unemployment may curb wage growth and weigh on consumer sentiment, potentially cooling private consumption. A pullback in consumer spending may also dampen demand-driven inflation.

Weaker labor market data coincided with an unexpected fall in retail sales and softer producer prices, supporting a more dovish Fed rate path.

The retail sales control group fell 0.1% month-on-month in September after rising 0.6% in August. Meanwhile, core producer prices increased 2.6% year-on-year in September, down from 2.9% in August.

According to the CME FedWatch Tool, the chances of a December cut rose from 84.4% on November 24 to 84.8% on November 25. The probability of a December cut stood at 50.1% on November 18.

A more dovish Fed rate path could lift demand for XRP, given the token’s fall below $1.9 amid previously fading bets on Fed rate cuts.

Technical Outlook: Key XRP Price Levels
XRP fell 1.26% on Tuesday, November 25, partially reversing the previous day’s 8.73% rally, closing at $2.2003. The token traced BTC and the broader market, which dropped 1.05% and 0.61%, respectively.

Tuesday’s pullback left the token trading below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating a bearish bias.

Looking ahead, several key events are likely to influence XRP’s price trajectory.

Key technical levels to watch include:

Support levels: $2.2, $2, $1.9112, and $1.8205
50-day EMA resistance: $2.3764.
200-day EMA resistance: $2.5245.
Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Workday reported third-quarter subscription revenue in line with Wall Street estimates on Tuesday, signaling softer demand and sending its shares down nearly 7% in extended trading.

November 25, 2025 7:07 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 25, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275965

John Toomey joined Marriott in 1996 and is the hotel chain's chief commercial officer. Toomey said Marriott is betting big on India, with more than 150 hotels set to open there.

Key Takeaways Dovishness Is Coming to Fed Rates. Will It Be Soon?Housing Data, Consumer Confidence Cool OffURBN, DELL and HPQ Report Earnings After the Close
Tuesday, November 25, 2025

Market index trading began flat this morning, but was able to cruise to a higher altitude on news consistent with easing the Fed funds rate going forward. Notes that President Trump’s current NEC Director Kevin Hassett is the frontrunner to take over for Fed Chair Jerome Powell when his term expires in May of 2026 (if not sooner) is giving market participants permission to price in multiple rate cuts once again, perhaps starting next month.

The Dow, thus, grew +664 points today, +1.43%, and second only to the +2.14% gains in the small-cap Russell 2000 today. The S&P 500 and the Nasdaq split the difference today, +0.91% and +0.67%, respectively. Session highs were reached later in the afternoon, but tapered as of the close. Indexes have rebounded nicely from near-term lows on Friday of last week.

Housing Data Mostly Cooling: Case-Shiller, Pending Home Sales
Earlier today, Case-Shiller Home Prices for September — not a delayed report from the government shutdown; Case-Shiller numbers are really reported that far in arrears — met expectations overall at +1.3%, following a downwardly revised +1.4% the previous month. This marks the fourth straight month where home prices have come in below overall inflation (+1.7% Inflation Rate in September).

All 20 cities in the bigger survey were down month over month. Year over year, they were led by Chicago +5.5%, New York City +5.2% and Boston +4.1%. Those at the bottom of this list are Phoenix -2.0%, and both Dallas and Miami -1.3%. The 10-city survey gained +0.2% from a year ago; the 20-city +0.1%. While this is not terrific data for those looking to sell their homes, it’s welcome for an economy overall wary of looming inflation.

Pending Home Sales rose much higher than expected in October, to +1.9% month over month, from an upwardly revised +0.10% the prior month. They are still down year over year, -0.40%, but an improvement from the -0.90% reported last month. The Existing Home Price Average rose nearly $3000: $415.2K from $412.3K previously.

Softer Economic Reports Elsewhere: Consumer Confidence, Biz Inventories
We saw a big drop in the monthly Consumer Confidence index for November earlier today, with 88.7 falling from 95.5 sequentially, and the lowest we’ve seen since 85.7 in April. This latest consumer confidence survey was taken when the government shutdown showed no signs of abating, keep in mind — similar to the April figure coming in the wake of the “Liberation Day” tariff campaign.

Business Inventories for August — this one is a delayed report due to the shutdown — also slowed to 0.0%, as expected and now the third “unched” number on business inventories in the past five months. We haven’t seen a negative print on this metric since December of last year. And anyway, dwindling inventories isn’t necessarily a bad thing — it just means more good will be needed going forward.

Earnings Results After the Closing Bell: URBN, DELL & More
Urban Outfitters (URBN - Free Report) kept retail earnings in an impressive range (after Abercrombie and Kohl’s hit home runs ahead of today’s open) after today’s close, with earnings of $1.28 per share easily surpassing the $1.19 in the Zacks consensus, on $1.53 billion in revenues, as the flagship brand grew 3x expectations, +12.5% in the quarter. Anthropologie also outperformed.

Dell Technologies (DELL - Free Report) was mixed in its Q3 report this afternoon, beating estimates easily on the bottom line with earnings of $2.59 per share over the $2.48 expected. Revenues, though, missed expectations: $27.01 billion versus $27.27 billion anticipated. Full-year guidance was raised on strength in AI infrastructure solutions, but late-trading shares are -1% at this hour.

Hewlett Packard (HPQ - Free Report) shares have fallen -5% on a revenue miss and a slight beat on fiscal Q4 earnings this afternoon. Earnings of 93 cents per share outpaced estimates by 2 cents, but $14.64 billion in sales was beneath the $15.02 billion projected. The low end of earnings guidance for both the ongoing quarter and full fiscal year were pulled down in the report.

Questions or comments about this article and/or author? Click here>>

NEW YORK, Nov. 25, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of DexCom, Inc. (NASDAQ:DXCM) and Wildermuth Fund (NASDAQ:WEFCX, NASDAQ:WESFX, NASDAQ:WEIFX). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

DexCom, Inc. (NASDAQ:DXCM)

Class Period: January 8, 2024 to September 17, 2025
Lead Plaintiff Deadline: December 26, 2025
The Complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) DexCom had made material design changes to the G6 and G7 unauthorized by the United States Food and Drug Administration (the "FDA"); (ii) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (iii) accordingly, Defendants' purported enhancements to the G7, as well as the device's reliability, accuracy, and functionality, were overstated; (iv) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (v) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (vi) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.
For more information on the DexCom class action go to: https://bespc.com/cases/DXCM
Wildermuth Fund (NASDAQ:WEFCX, NASDAQ:WESFX, NASDAQ:WEIFX)

Class Period: November 1, 2020 through June 29, 2023
Lead Plaintiff Deadline: December 29, 2025
Wildermuth Fund (the “Fund”) is a closed-end investment company that operated as an interval mutual fund registered under the Investment Company Act of 1940, and Wildermuth Advisory, LLC (the “Adviser”) served as the Fund’s investment adviser until November 1, 2023. WithumSmith+Brown, PC’s was the Fund’s auditor during the Class Period.
The Class Action alleges that, during the Class Period, Defendants violated the Securities Exchange Act of 1934 and the Investment Company Act of 1940, by (1) miscalculating the fair value of the Fund’s investments without sufficient, reliable evidence to support them; (2) failing to disclose that certain portfolio companies with questionable going concern value were being propped up with monthly cash infusions by the Fund; and (3) intentionally inflating the Fund’s net asset value, leading to the payment of excessive and unearned advisory fees to the Adviser, all of which damaged Class members.
For more information on the Wildermuth Fund lawsuit go to: https://bespc.com/cases/WFUND
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

Dollar General (DG - Free Report) closed the most recent trading day at $104.31, moving +2.58% from the previous trading session. The stock's change was more than the S&P 500's daily gain of 0.91%. Elsewhere, the Dow gained 1.43%, while the tech-heavy Nasdaq added 0.67%.

The discount retailer's shares have seen a decrease of 1.05% over the last month, surpassing the Retail-Wholesale sector's loss of 3.09% and the S&P 500's loss of 1.24%.

Analysts and investors alike will be keeping a close eye on the performance of Dollar General in its upcoming earnings disclosure. The company's earnings report is set to go public on December 4, 2025. The company's earnings per share (EPS) are projected to be $0.92, reflecting a 3.37% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $10.61 billion, reflecting a 4.24% rise from the equivalent quarter last year.

Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.15 per share and revenue of $42.5 billion, indicating changes of +3.89% and +4.66%, respectively, compared to the previous year.

It is also important to note the recent changes to analyst estimates for Dollar General. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. Right now, Dollar General possesses a Zacks Rank of #3 (Hold).

In terms of valuation, Dollar General is currently trading at a Forward P/E ratio of 16.55. This valuation marks a discount compared to its industry average Forward P/E of 27.36.

It's also important to note that DG currently trades at a PEG ratio of 2.5. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Retail - Discount Stores industry had an average PEG ratio of 3.34.

The Retail - Discount Stores industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 94, this industry ranks in the top 39% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

SummaryPatterson-UTI Energy, Inc. is rated a BUY, offering integrated onshore oil & gas services and trading at a discounted valuation versus peers.PTEN's diversified operations, post-NexTier merger, drive strong cash flow and resilience despite industry headwinds and lower commodity prices.Attractive valuation multiples, robust free cash flow, and a 5.8% dividend yield position PTEN for 25% upside by Q3 2026.Risks include commodity price volatility and capex needs, but PTEN's technology and full-service model support a positive outlook for investors. JHVEPhoto/iStock Editorial via Getty Images

After several strong years, the domestic oil and gas industry is working through a consolidation phase. Lower commodity prices, reduced exploration and production (E&P) budgets and a softer U.S. rig count have driven a more negative tone in headlines, with most

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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November 25, 2025 7:29 PM EST | Source: HIVE Digital Technologies Ltd.
This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - November 25, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (the "Company" or "HIVE"), a global leader in sustainable data center infrastructure, today announced that it has entered into an equity distribution agreement (the "Equity Distribution Agreement") with Keefe, Bruyette & Woods, Inc., Stifel Nicolaus Canada Inc., Cantor Fitzgerald & Co., Cantor Fitzgerald Canada Corporation, Canaccord Genuity LLC, Canaccord Genuity Corp., Roth Capital Partners LLC, Roth Canada, Inc., B. Riley Securities, Inc., Northland Securities, Inc. and Rosenblatt Securities Inc. (collectively, the "Agents").

Under the Equity Distribution Agreement, the Company may offer and sell up to US$300 million shares of the Company's common stock (the "Common Shares") pursuant to an "at-the-market" equity program (the "ATM Program"). The Common Shares will be sold by the Company to the public from time to time, through the Agents, at the Company's discretion, at the prevailing market price at the time of sale.

Sales of Common Shares under the ATM Program will be made by Agents through "at-the-market distributions" as defined in National Instrument 44-102 - Shelf Distributions and "at-the-market offerings" under Rule 415 of the U.S. Securities Act of 1933, as amended, on the TSX Venture Exchange and the Nasdaq Stock Market. The Company is not obligated to make any sales of Common Shares under the Equity Distribution Agreement. Unless earlier terminated by the Company or the Agents as permitted therein, the Equity Distribution Agreement will terminate at such time that the aggregate gross sales proceeds of the Common Shares sold under the ATM Program reaches the aggregate amount of US$300 million.

Sales under the ATM Program will be made pursuant to a prospectus supplement dated November 25, 2025 (the "Canadian Prospectus Supplement") to the Company's short form base shelf prospectus filed with the securities regulatory authorities in each of the provinces and territories of Canada dated on October 31, 2025 (the "Canadian Base Prospectus"), and pursuant to the Company's shelf registration statement on Form F-3 (File No. 333-291676) (the "Registration Statement") filed with the United States Securities and Exchange Commission (the "SEC") on November 20, 2025, as supplemented by a prospectus supplement (the "U.S. Prospectus Supplement") dated November 25, 2025, relating to the Common Shares to be sold under the ATM Program (the Canadian Prospectus Supplement, the Canadian Base Prospectus, U.S. Prospectus Supplement and the Registration Statement are collectively referred to as the "Offering Documents").

Copies of the Canadian Prospectus Supplement and the Canadian Base Prospectus are available on SEDAR+ at www.sedarplus.ca and copies of the Registration Statement and the U.S. Prospectus Supplement, are available on EDGAR at www.sec.gov. Copies of such documents may also be obtained from: Stifel Nicolaus Canada Inc.at 161 Bay Street, Suite 3800, Toronto, ON M5J 2S1 or by email at [email protected]; and Keefe, Bruyette & Woods, Inc., 787 Seventh Avenue, 4th Floor, New York, New York 10019 or by email at [email protected]. These documents contain important information about the ATM Program. Prospective investors should read the Offering Documents before making an investment decision.

This news release does not constitute an offer to sell or the solicitation of an offer to buy the Common Shares, nor shall there be any sale of these Common Shares in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. builds and operates sustainable blockchain and AI infrastructure powered by renewable hydroelectric energy. With a global footprint across Canada, Sweden, and Paraguay offering scalable AI and cloud compute services, HIVE is committed to operational excellence, green energy leadership, and creating long-term value for its shareholders and host communities.

On Behalf of HIVE Digital Technologies Ltd.
"Frank Holmes"
Executive Chairman

For further information, please contact:
Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO
Tel: (604) 664-1078

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release

Forward-Looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian and United States securities legislation and regulations that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes but is not limited to: statements with respect to the future issuance of Common Shares sold under the ATM Program; the aggregate gross proceeds of the ATM Program; the use of proceeds from any sales of Common Shares under the ATM Program; business goals and objectives of the Company; and other forward-looking information concerning the intentions, plans and future actions of the parties to the transaction described herein and the terms thereon.

Factors that could cause actual results to differ materially from those described in such forward looking information include, but are not limited to, the effect of government regulation and compliance on the Company; reliance on key personnel; global economic and financial market deterioration impeding access to capital or increasing the cost of capital; share dilution resulting from the ATM Program and from other equity issuances and risks that are more fully set out in the Company's Offering Documents, the Company's Annual Report on Form 40-F for the year ended March 31, 2025, the Company's Annual Information Form for the year ended March 31, 2025 and in other Company reports and documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.

The forward-looking information in this news release reflects the Company's current expectations, assumptions, and/or beliefs based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's objectives, goals or future plans, the timing thereof and related matters. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance, and accordingly, undue reliance should not be put on such information due to its inherent uncertainty. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275983

Merger close anticipated for Jan. 1, 2026

NASHVILLE, Tenn. & COLUMBUS, Ga.--(BUSINESS WIRE)--The proposed combination of Pinnacle Financial Partners (Nasdaq/NGS: PNFP) and Synovus Financial Corp. (NYSE: SNV) has received regulatory approval from the Board of Governors of the Federal Reserve System. With shareholders of each company approving the merger on Nov. 6, 2025, Pinnacle and Synovus anticipate completing the merger Jan. 1, 2026, subject to satisfaction of the remaining customary closing conditions.

“Federal bank regulatory approval brings us another step closer to combining two strong organizations with a shared commitment to people,” said Kevin Blair, Synovus CEO and who will be president and CEO of the combined company. “By leveraging the best of both firms, we’ll accelerate growth, expand opportunities and deliver lasting impact for clients, team members and communities.”

“I’m incredibly proud of the teams on both sides of this deal who are working in lockstep to bring us together,” said Pinnacle President and CEO Terry Turner, who will be chairman of the board for post-close Pinnacle. “This is such a complex process, but both teams are pulling in the same direction toward the end goal, which is to create a bank that’s bigger, stronger and better able to serve the needs of our clients and communities than ever before.”

See a complete update of the merger process and a timeline of what’s ahead.

Integration teams are working closely together toward closing with clear plans for how the firm will operate on Day One, while also building the blueprint for integration. Throughout 2026, team members will work to bring systems, processes and people under the Pinnacle brand. Full system and brand conversions are expected to take place in the first half of 2027. Until then, clients at both firms should see very little change in their day-to-day business, and Synovus locations will continue to operate under the Synovus brand.

“There’s no shortage of lessons learned to draw from in a merger like ours, and we’ve made decisions and taken actions to avoid pitfalls,” Blair said. “By focusing on the client and team member experiences and keeping local leadership and continuity across our markets, we’re building on Pinnacle’s legacy as one of America’s top-performing banks with engaged and purposeful teams, a loyal and growing client base and outsized shareholder returns.”

The combined firm will have $116 billion in assets and headquarters in two of the Southeast’s most important and fastest growing markets: The holding company will be based in Atlanta, GA, and Pinnacle Bank will be based in Nashville, TN, as a Tennessee state-chartered bank and member of the Federal Reserve System.

About Pinnacle

Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2025 deposit data from the FDIC. Pinnacle is No. 9 on FORTUNE magazine’s 2025 list of 100 Best Companies to Work For® in the U.S., its ninth consecutive appearance and was recognized by American Banker as one of America’s Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024.

The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately $56.0 billion in assets as of September 30, 2025. As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.

Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at www.pnfp.com.

About Synovus Financial Corp.

Synovus Financial Corp. is a financial services company based in Columbus, Georgia, with approximately $60 billion in assets. Synovus provides commercial and consumer banking and a full suite of specialized products and services, including wealth services, treasury management, mortgage services, premium finance, asset-based lending, structured lending, capital markets and international banking. As of Sept. 30, 2025, Synovus has 244 branches in Georgia, Alabama, Florida, South Carolina and Tennessee. Synovus is a Great Place to Work-Certified Company. Learn more about Synovus at synovus.com.

Forward-Looking Statements

This communication contains statements that constitute “forward-looking statements” within the meaning of, and subject to the protections of, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements include, but are not limited to, statements about the benefits of the proposed transaction between Synovus Financial Corp. (“Synovus”) and Pinnacle Financial Partners, Inc. (“Pinnacle”), including future financial and operating results (including the anticipated impact of the proposed transaction on Synovus’ and Pinnacle’s respective earnings and tangible book value), statements related to the expected timing of the completion of the proposed transaction, the combined company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. You can identify these forward-looking statements through the use of words such as “believes,” “anticipates,” “expects,” “may,” “will,” “assumes,” “should,” “predicts,” “could,” “would,” “intends,” “targets,” “estimates,” “projects,” “plans,” “potential” and other similar words and expressions of the future or otherwise regarding the outlook for Synovus’, Pinnacle’s or combined company’s future businesses and financial performance and/or the performance of the banking industry and economy in general.

Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve known and unknown risks and uncertainties which may cause the actual results, performance or achievements of Synovus, Pinnacle or the combined company to be materially different from the future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are based on the information known to, and current beliefs and expectations of, Synovus or Pinnacle and are subject to significant risks and uncertainties. Actual results may differ materially from those contemplated by such forward-looking statements. A number of factors could cause actual results to differ materially from those contemplated by the forward-looking statements in this communication. Many of these factors are beyond Synovus’, Pinnacle’s or the combined company’s ability to control or predict. These factors include, among others, (1) the risk that the cost savings and synergies from the proposed transaction may not be fully realized or may take longer than anticipated to be realized, (2) disruption to Synovus’ business and to Pinnacle’s business as a result of the announcement and pendency of the proposed transaction, (3) the risk that the integration of Pinnacle’s and Synovus’ respective businesses and operations will be materially delayed or will be more costly or difficult than expected, including as a result of unexpected factors or events, (4) the amount of the costs, fees, expenses and charges related to the transaction, (5) reputational risk and the reaction of each company’s customers, suppliers, employees or other business partners to the proposed transaction, (6) the failure of the closing conditions in the merger agreement to be satisfied, or any unexpected delay in closing the proposed transaction or the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, (7) the dilution caused by the issuance of shares of the combined company’s common stock in the transaction, (8) the possibility that the proposed transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events, (9) risks related to management and oversight of the expanded business and operations of the combined company following the closing of the proposed transaction, (10) the possibility the combined company is subject to additional regulatory requirements as a result of the proposed transaction or expansion of the combined company’s business operations following the proposed transaction, (11) the outcome of any legal or regulatory proceedings or governmental inquiries or investigations that may be currently pending or later instituted against Synovus, Pinnacle or the combined company and (12) general competitive, economic, political and market conditions and other factors that may affect future results of Synovus and Pinnacle including changes in asset quality and credit risk; the inability to sustain revenue and earnings growth; changes in interest rates and capital markets; inflation; customer borrowing, repayment, investment and deposit practices; the impact, extent and timing of technological changes; and capital management activities. Additional factors which could affect future results of Synovus and Pinnacle can be found in Synovus’ or Pinnacle’s filings with the Securities and Exchange Commission (the “SEC”), including in Synovus’ Annual Report on Form 10-K for the year ended December 31, 2024, under the captions “Forward-Looking Statements” and “Risk Factors,” and Synovus’ Quarterly Reports on Form 10-Q and Current Reports on Form 8-K, and Pinnacle’s Annual Report on Form 10-K for the year ended December 31, 2024, under the captions “Forward-Looking Statements” and “Risk Factors,” and in Pinnacle’s Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Undue reliance should not be placed on any forward-looking statements, which are based on current expectations and speak only as of the date that they are made. Synovus and Pinnacle do not assume any obligation to update any forward-looking statements as a result of new information, future developments or otherwise, except as otherwise may be required by law.

More News From Pinnacle Financial Partners, Inc.

HP (HPQ - Free Report) reported $14.64 billion in revenue for the quarter ended October 2025, representing a year-over-year increase of 4.2%. EPS of $0.93 for the same period compares to $0.93 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $14.97 billion, representing a surprise of -2.23%. The company delivered an EPS surprise of +2.2%, with the consensus EPS estimate being $0.91.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how HP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Days in accounts payable: 139.00 Days versus 137.00 Days estimated by two analysts on average.Days of sales outstanding in accounts receivable: 35.00 Days versus the two-analyst average estimate of 31.50 Days.Days of supply in inventory: 66.00 Days versus the two-analyst average estimate of 67.00 Days.Net revenue- Personal Systems- Commercial PS: $6.97 billion versus the two-analyst average estimate of $7.34 billion. The reported number represents a year-over-year change of +6.9%.Net revenue- Personal Systems- Consumer PS: $3.38 billion versus the two-analyst average estimate of $3.38 billion. The reported number represents a year-over-year change of +10.2%.Net revenue- Personal Systems: $10.35 billion versus the two-analyst average estimate of $10.72 billion. The reported number represents a year-over-year change of +7.9%.Net revenue- Printing- Supplies: $2.76 billion versus $2.81 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -3.6% change.Net revenue- Printing- Commercial Printing: $1.21 billion compared to the $1.18 billion average estimate based on two analysts. The reported number represents a change of -4.2% year over year.Net revenue- Printing- Consumer Printing: $296 million compared to the $302.61 million average estimate based on two analysts. The reported number represents a change of -8.9% year over year.Net revenue- Printing: $4.27 billion versus $4.29 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -4.2% change.Earnings from operations- Personal Systems: $597 million versus the two-analyst average estimate of $632.41 million.Earnings from operations- Corporate Investments: $-34 million versus $-156.27 million estimated by two analysts on average.View all Key Company Metrics for HP here>>>

Shares of HP have returned -12.7% over the past month versus the Zacks S&P 500 composite's -1.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Nova Eye Medical Limited (OTCPK:ELXMF) Discusses Clinical Insights and Practice Advantages of iTrack Advance Glaucoma Device November 25, 2025 5:30 PM EST

Company Participants

Mark Flynn - Investor Relations
Thomas Spurling - MD & Executive Director

Conference Call Participants

Dr. Mahmoud Khaimi

Presentation

Mark Flynn
Investor Relations

Good morning, everyone, and thank you for joining us at Nova Eye. We're here to walk you through the clinical use of the iTrack Advance and share some direct insights from the field.

With us today is, as always, Nova Eye's Medical CEO and MD, Thomas Spurling, and also joined by Dr. Khaimi, leading glaucoma surgeon and one of the key voices in canal-based surgery in the U.S.A. and globally. I'll now hand over to Tom to introduce our guest and set the tone for today's session.

Thomas Spurling
MD & Executive Director

Thanks, Mark. Look, good morning, everyone. Thanks for coming on board. We really appreciate the interest everyone shows. I'm really excited to have Dr. Mahmoud Khaimi with us today. Dr. Khaimi is one of the most experienced canal-based surgeons -- that's Schlemm's canal-based surgeons in the world, not just the U.S., and he performed the first ab-interno canaloplasty, that's canaloplasty from inside the front of the eye, and has helped shape how surgeons -- that technique has been rolled out by our company over the years.

In addition, that work has helped us develop the iTrack Advance, which is the product you see on the screen, which that slider and the ergonomics was all work done with Dr. Khaimi back in 2022 and earlier.

Dr. Khaimi spent more than 15 years at Dean McGee Eye Institute in Oklahoma as a clinical professor. He held the James P. Luton Endowed Chair, led glaucoma services in that institution and trained the next generation of glaucoma specialists

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Dell Technologies Inc. (DELL) Q3 2026 Earnings Call November 25, 2025 4:30 PM EST

Company Participants

Paul Frantz - Vice President of Investor Relations
Jeffrey Clarke - COO & Vice Chairman
David Kennedy - Interim CFO & Senior VP of Global Business Operations and Finance

Conference Call Participants

Samik Chatterjee - JPMorgan Chase & Co, Research Division
Mark Newman - Sanford C. Bernstein & Co., LLC., Research Division
Benjamin Reitzes - Melius Research LLC
Erik Woodring - Morgan Stanley, Research Division
Wamsi Mohan - BofA Securities, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Aaron Rakers - Wells Fargo Securities, LLC, Research Division
Michael Ng - Goldman Sachs Group, Inc., Research Division
Asiya Merchant - Citigroup Inc., Research Division
Simon Leopold - Raymond James & Associates, Inc., Research Division
David Vogt - UBS Investment Bank, Research Division
Timothy Long - Barclays Bank PLC, Research Division

Presentation

Operator

Good afternoon, and welcome to the Fiscal Year 2026 Third Quarter Financial Results Conference Call for Dell Technologies Inc. I'd like to inform all participants, this call is being recorded at the request of Dell Technologies. This broadcast is a copyright property of Dell Technologies Inc. Any rebroadcast of this information in whole or part without the prior written permission of Dell Technologies is prohibited. [Operator Instructions]

I'd now like to turn the call over to Paul Frantz, Head of Investor Relations. Mr. Frantz, you may begin.

Paul Frantz
Vice President of Investor Relations

Thanks, everyone, for joining us. With me today are Jeff Clarke, David Kennedy and Tyler Johnson. Our earnings materials are available on our IR website, and I encourage you to review these materials. Also, please take some time to review the presentation, which includes additional content to complement our discussion this afternoon. Guidance will be covered on today's call.

During this call, unless otherwise indicated, all references to financial

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Monad launched its main net and native MON token, adding over 100 apps in the first day. MON rose by more than 62% to $0.04, on a mix of DEX trading and listings on Coinbase and Upbit.

TLDR

Texas purchases $5 million in BlackRock’s Bitcoin ETF as part of its plan to create a state-backed crypto reserve.
The state passed legislation earlier this year, allocating $10 million for the Texas Strategic Bitcoin Reserve.
Texas issued a request for information (RFI) to industry leaders to develop best practices for managing its Bitcoin reserve.
Other states like Michigan, Wisconsin, New Hampshire, and Arizona are also exploring state-level crypto reserves.
Texas aims to be the first U.S. state to establish a formal Bitcoin reserve, with plans for custodianship and management.

Texas has made its first step toward creating a state-based cryptocurrency reserve by purchasing $5 million in BlackRock’s Bitcoin ETF. This purchase signals the state’s intention to establish a long-term investment in digital assets. Although it is not a direct cryptocurrency investment, it represents a move toward building the Texas Strategic Bitcoin Reserve.

Texas Takes Initial Step Toward a Bitcoin Reserve
According to a report by CoinDesk, the $5 million Bitcoin ETF purchase is part of Texas’ broader plan to create a state-funded crypto reserve. Texas passed legislation earlier this year, appropriating $10 million for the reserve. This purchase is seen as a placeholder until the state finalizes its strategy for direct crypto investments.

Texas officials are currently working with industry leaders to develop best practices for managing a Bitcoin reserve. The state’s comptroller’s office secured the ETF purchase as an initial step. The final goal is to set up a Bitcoin stockpile that could be maintained for future generations.

Texas also issued a request for information (RFI) to the crypto industry in September to gather insights. The RFI helped the state understand how to proceed with building a reserve and managing it efficiently. The state plans to move forward with the creation of a formal request for proposal (RFP) to select a custodian for the reserve.

Other States Begin Exploring Crypto Reserves
While Texas is making progress, other states are also exploring the idea of crypto reserves. Michigan, for example, has invested in a Bitcoin ETF with public pension funds. Wisconsin previously sold its $350 million stake in the BlackRock ETF earlier this year.

States like New Hampshire and Arizona have also begun their own efforts toward creating crypto reserves. New Hampshire passed legislation, but no moves have been made yet. Arizona aims to use unclaimed crypto property to build its own state-backed crypto stockpile.

These efforts signal a growing interest in state-level cryptocurrency investments, with Texas leading the charge. Texas’ move is expected to influence other states, encouraging them to consider their own reserves. As of now, no state has fully launched its own direct cryptocurrency stockpile.

Texas Positioned to Lead the Nation in Crypto Reserves
Texas’ $5 million ETF purchase is a significant step toward its goal of becoming the first state in the U.S. to establish a formal Bitcoin reserve. The state’s approach will likely serve as a model for other states considering similar initiatives. Texas’ proactive steps demonstrate its commitment to cryptocurrency as part of its long-term financial strategy.

The purchase was made at a price point of $87,000 per Bitcoin, following a market drop from over $120,000. This move was celebrated by local blockchain advocates, who viewed it as a timely acquisition. Texas remains on track to finalize its Bitcoin reserve in the near future, with the next steps focused on securing custodianship and further developing its reserve management plan.

ChatGPT has assessed how far XRP, Pi Network and Shiba Inu could rise or fall in the coming month after recent market losses, outlining targets from $1 to $10 for XRP and wide ranges for PI and SHIB, while Maxi Doge presale has moved ahead outside these models.