Market Signal Briefing

Key NotesAn anonymous whale saw over $21 million in unrealized profits for betting against the bulls. He has been shorting ASTER, ETH, XRP, DOGE, and PEPE.The crypto market is witnessing yet another bloodbath.
While everyone was hyped with Binance founder Changpeng Zhao’s post, a smart trader, known as the “anti-CZ whale” among the community, went against the market noise. Zhao posted on Nov. 2 that he had accumulated over 2 million Aster (ASTER) tokens.

Full disclosure. I just bought some Aster today, using my own money, on @Binance.

I am not a trader. I buy and hold. pic.twitter.com/wvmBwaXbKD

— CZ 🔶 BNB (@cz_binance) November 2, 2025

The crypto community instantly started praising the move under Zhao’s X post. However, the hype didn’t last long.

Aster started declining. The token is down by 20.4% in the past 24 hours and is trading at $0.84 at the time of writing. Its trading volume has been cut in half to $1.3 billion.

Despite the craze around the Binance founder’s post, the “anti-CZ whale” went in the opposite direction of the market hype.

As the price falls, the Anti-CZ Whale who added to his $ASTER shorts after CZ's buy post is now sitting on over $21M in unrealized profit across 2 wallets.

He's also shorting $DOGE, $ETH, $XRP, and $PEPE, all in profit.

His total profit on #Hyperliquid is now close to $100M!… pic.twitter.com/vfmAPf9ke6

— Lookonchain (@lookonchain) November 4, 2025

Data from Lookonchain shows that the trader is seeing $21 million in unrealized profits on his ASTER position on Hyperliquid, a perpetual decentralized exchange.

He Read the Market
What did the whale know? No one knows. But the traders certainly didn’t fall for the fear of missing out, also called FOMO.

A crypto influencer, who goes by Joe, called the “anti-CZ” bet a “gutsy” move.

That’s one hell of a statement trade – pure conviction backed by timing.
Everyone mocked the Anti-CZ whale until the charts flipped red.
Shorting $ASTER right after CZ’s post was a gutsy move.
Now sitting on nearly $100M proves he read the market, not the hype.
This is what…

— Joe | KOL & Alpha Crypto Influencer (@SelfSuccessSaga) November 4, 2025

Joe added that the whale “read the market, not the hype,” which consequently brought him roughly $100 million in net profits while the broader crypto market has been drowning in losses.

The trader has also been shorting Ethereum

ETH
$3 489

24h volatility:
6.6%

Market cap:
$421.68 B

Vol. 24h:
$48.57 B

, XRP

XRP
$2.26

24h volatility:
6.6%

Market cap:
$135.94 B

Vol. 24h:
$6.89 B

, Dogecoin

DOGE
$0.16

24h volatility:
6.0%

Market cap:
$24.93 B

Vol. 24h:
$3.71 B

, and Pepe

PEPE
$0.000006

24h volatility:
8.7%

Market cap:
$2.37 B

Vol. 24h:
$723.75 M

.

The global crypto market cap is down by 3.75% in the past 24 hours and is hovering at $3.46 trillion, according to data from CoinMarketCap. Investor sentiment fell to the “fear” zone, currently at 27, again.

Moreover, the market-wide correction triggered over $1.3 trillion in liquidations over the past day, according to data from CoinGlass. Nearly $1.2 billion of the wiped-out positions belong to longs.

One of the reasons, apart from the macro conditions, for the selloff could be the $120 million Balancer exploit. The automated market maker was attacked on Nov. 3, Coinspeaker reported.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Pepe News, Cryptocurrency News, News

Wahid has been analyzing and reporting on the latest trends in the decentralized ecosystem since 2019. He has over 4,000 articles to his name and his work has been featured on some of the leading outlets including Yahoo Finance, Investing.com, Cointelegraph, and Benzinga. Other than reporting, Wahid likes to connect the dots between DeFi and macro on his newsletter, On-chain Monk.

Wahid Pessarlay on X

With Palisade acquired, Ripple's crypto M&A commitments have now hit approximately $4 billion.

Ripple has announced the acquisition of Palisade, a digital asset wallet and custody provider. The latest move expands the company’s custody capabilities beyond banks and financial institutions to a wider customer base, including fintechs, corporates, and crypto-native firms.

Palisade offers a “wallet-as-a-service” product designed for high-speed transactions and rapid integration into existing workflows. Its core features include MPC-based key sharding, zero-trust architecture, multi-chain support, rapid wallet provisioning, and DeFi connectivity.

Palisade Deal
With this acquisition, Ripple stated that it will be able to directly support use cases involving fast settlement needs, such as high-frequency payments, on/off ramps, and subscription-based billing.

Meanwhile, Palisade’s technology will directly integrate into Ripple Payments to support use cases that require mobilizing value quickly and efficiently. The focus will be on providing the core infrastructure for subscription payments or collection capabilities. This includes securely provisioning wallets at scale, enabling high-speed transaction signing, and sweeping funds efficiently to operational accounts.

In an official statement, Monica Long, President of Ripple, said,

“Secure digital asset custody unlocks the crypto economy and is the foundation that every blockchain-powered business stands on – that’s why it’s central to Ripple’s product strategy. Corporates are poised to drive the next massive wave of crypto adoption. Just as we’ve seen major banks go from observing to actively building in crypto, corporates are now entering the market, and they need trusted, licensed partners with out-of-the-box capabilities.

The combination of Ripple’s bank-grade vault and Palisade’s fast, lightweight wallet makes Ripple Custody the end-to-end provider for every institutional need, from long-term storage to real-time global payments and treasury management.”

Ripple’s Latest M&A Wave
Ripple has been strengthening its enterprise digital asset custody capabilities over the past year. The blockchain infrastructure firm has already added integrations with Chainalysis and Elliptic to offer compliance monitoring and risk analytics for institutional users. The company holds more than 75 regulatory registrations globally.

Recent deals include the purchases of prime brokerage firm Hidden Road (rebranded as Ripple Prime), stablecoin payments platform Rail, and treasury management system provider GTreasury. Ripple also revealed it has invested around $4 billion via M&A and corporate venture activities into crypto infrastructure over time.

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Ripple’s Stablecoin RLUSD Nears $900M Market Cap in Under a Year

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Cipher Mining Inc. (NASDAQ:CIFR) CEO Tyler Page shed light Monday on the substantial benefits the company has reaped from its big-ticket deals with Amazon.com Inc. (NASDAQ:AMZN) and Fluidstack.

CEO Acknowledges Bitcoin ‘Bias’During the company’s third-quarter earnings call, Page was asked about the effect these partnerships have had on the company’s image and credibility.

He pointed out that these collaborations have dispelled previous doubts regarding a former Bitcoin (CRYPTO: BTC) miner’s capacity to “attract” traditional hyperscalers.

“I cannot tell you how many times we heard, ‘No one's ever going to sign at those sites. No one's ever going to sign with a former Bitcoin miner.’ That discussion is now over,” the CEO said.

He added that a “traditional bias” exists against Bitcoin, but that seems to be changing.

“I think every deal adds credibility with everyone. Deals beget deals,” Page emphasized, adding that the company is achieving the exact results it aimed for.

See Also: Michael Saylor Once Called Tom Lee Ethereum’s ‘Most Influential Spokesperson’ Whose Presence Brings ‘Trust’ To Ecosystem

Cipher Inks Deal With Popular HyperscalersCipher Mining’s recent partnerships have been instrumental in its pivot from a Bitcoin miner to an AI-infrastructure provider, including the $5.5 billion data center deal with Amazon Web Services and a $3 billion, 10-year colocation deal with Fluidstack, including support and partial backing from Google (NASDAQ: GOOGL).

But it's not an isolated case. Across the industry, Bitcoin miners are increasingly converting their facilities into data centers to support high-performance computing and AI-driven services.

A Broader Industry-Wide Pivot?Riot Platforms Inc. (NASDAQ:RIOT) CEO said last week that the firm sees BTC mining as a "means to an end," supporting its larger goal of data center development.

Analysts estimate 20% of Bitcoin miner power capacity will shift to AI and high-performance computing by the end of 2027.

Cipher reported third-quarter revenue of $71.71 million, missing analyst estimates of $78.6 million. However, its adjusted earnings came in at 10 cents per share, beating estimates of a loss of 2 cents per share.

Price Action: Cipher Mining shares dropped 4.22% in after-hours trading after closing 22.04% higher at $22.76 during Monday’s regular trading session, according to data from Benzinga Pro.

CIFR exhibited a very high momentum score as of this writing. How does it compare with similar cryptocurrency-relted stocks? Visit Benzinga Edge Stock Rankings to find out.

Read Next: 

Bitcoin, Ethereum, XRP, Dogecoin Extend Losses As Crypto Liquidations Surpass $1 Billion – Benzinga
Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Bitcoin has suddenly plummeted, diving toward the closely-watched $100,000 per bitcoin level (just as Tesla billionaire Elon Musk issues a stark $38 trillion U.S. bankruptcy warning).

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The bitcoin price has soared since the reelection of U.S. president Donald Trump last year, rising on a wave of enthusiasm for bitcoin and crypto but its rally has stalled in recent months despite U.S. Treasury secretary Scott Bessent sending the market a “signal” last week.

Ahead of the bitcoin price crashing toward $100,000, U.S. president Donald Trump warned China is trying to take on the U.S. as the world’s “capital of crypto.”

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Forbes‘This Is Crazy’—Elon Musk Issues Serious $38 Trillion U.S. ‘Bankruptcy’ Warning Amid Growing Bitcoin Price Crash FearsBy Billy Bambrough

U.S. president Donald Trump has warned China is making a "very big" move in bitcoin and crypto amid growing fears of a bitcoin crash under $100,000.

Getty Images

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U.S. president Donald Trump has warned that if the U.S. doesn’t dominate the crypto field, then China will, comparing the battle to lead in development of the technology to the artificial intelligence race.

"I don’t want to have somebody else have crypto and have China be number one in the world in crypto," Trump told CBS’s 60 Minutes.

“Because in crypto it’s a kind of an industry where basically you’re going to have number one and you’re not gonna have a number two. And right now we’re number one by a long shot. I want to keep it that way. The same way we're number one with AI, we're number one with crypto."

Trump added that, "China is getting into it very big, right now," perhaps referring to Hong Kong’s plans to ease rules to encourage crypto trading activity in the city.

However, crypto trading and mining remains illegal in mainland China following a 2021 ban.

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Forbes‘This Is A Signal’—U.S. Treasury Secretary Sparks Wild Bitcoin Speculation As Traders Brace For Price ShockBy Billy Bambrough

The bitcoin price has moved sharply lower, sparking fears of a full blown bitcoin crash under $100,000.

Forbes Digital Assets

“Bitcoin’s price has been moving sideways since July this year,” Arthur Azizov, founder of B2 Ventures, said in emailed comments, pointing to the possibility the bitcoin price could recover to beyond its all-time high of $126,000 per bitcoin if macro factors align.

“If, however, bitcoin drops below $100,000 and consolidates under that level, it could decline further into the $96,000-$93,000 range. Still, I see the $100,000 level as a psychologically significant threshold, so much will depend on how the market behaves there. Most likely, the price will once again rebound from this level, just as it did in June 2025. In simple terms, this area represents a strong support zone.”

Polymarket hit record highs in October for volume, active traders, and new market launches, driven by the POLY token announcement, U.S. market re-entry plans, and a potential $15B fundraising round.

Summary

Polymarket saw over 477,000 active traders and more than $3 billion in trading volume, surpassing the prior January peak.
The surge was likely fueled by the POLY token announcement and airdrop, plans to re-enter the U.S. market, and a potential $15 billion fundraising round.
Prediction markets overall experienced strong growth, with Kalshi trading over $4.4 billion and attracting fresh VC interest.

Polymarket reached record highs in October, with over 477,000 active traders—the platform’s largest monthly user base to date. This represents a 48% increase from September and surpasses the previous peak of approximately 462,000 traders seen during the U.S. election in January, according to data from The Block.

Trading volume and new market creation also set monthly records, with more than $3 billion traded, more than double the total from the prior month.

Polymarket active traders (monthly) | Source: The Block
The surge in activity on the leading prediction market platform coincides with several key developments. In October, Polymarket announced the POLY token and an accompanying airdrop. Around the same time, the platform revealed plans for its re-entry into the U.S. market.

Additionally, Polymarket’s potential fundraising round valuing the company at $15 billion may have encouraged market makers and liquidity providers to seed additional markets.

The October spike aligns with broader growth in the prediction-market sector. Kalshi prediction market operator also reported record activity, with over $4.4 billion traded in October. The firm is also attracting fresh VC interest at valuations exceeding $10 billion, according to recent reports from Bloomberg.

According to The Block’s Data & Insights newsletter, “October’s spike looks less like a one-off and more like a step-change for prediction markets, as token expectations likely keep activity elevated in the short and medium term.”

The crypto economy kicked off the second day of the week in a downturn, with bearish sentiment resulting in a 3.2% decline in total market capitalization, dropping to $3.55 trillion.

Key NotesBloomberg noted that crypto market investors have yet to come out of the October shock while repelling new demand.BlackRock Bitcoin ETF (IBIT) reportedly offloaded 24,000 BTC worth $2.75 billion, adding to the selling pressure.Traders remain cautious and sidelined despite improving macro conditions like Fed rate cuts, upcoming pivot to quantitative easing (QE), etc.
Crypto market liquidations have soared to $1.33 billion once again, with yet another selling pressure as Bitcoin

BTC
$103 768

24h volatility:
3.7%

Market cap:
$2.07 T

Vol. 24h:
$82.33 B

and altcoins face deeper correction. While BTC price has now dropped to $104,500, Ethereum

ETH
$3 480

24h volatility:
6.5%

Market cap:
$421.02 B

Vol. 24h:
$50.60 B

is leading the altcoins’ fall with another 5% crash for the second consecutive day to $3,500. It’s been a weak start to November 2025, historically believed to be the strongest month for digital assets.

Crypto Market Crash Triggers Another Major Liquidation Event
A total of $1.33 billion in leveraged positions across the crypto market have been wiped out in the last 24 hours. According to the CoinGlass data, the long liquidations amount to nearly 90%, which is $1.2 billion.

The latest Bitcoin price drop to $104,500 comes with Bitcoin OG whales and institutions doing profit booking. Crypto market analyst Ardi stated that with BTC price dropping to around $104,000 levels, it is currently testing its 50-week simple moving average (SMA) for the first time in seven months.

According to the analyst, a strong rebound from this level is critical. Failure to hold could trigger a major psychological sell-off. This could further lead to additional crypto market liquidations.

$BTC flushes down to $104K 🚨

Looks like it's about to test the 50-week SMA for the first time in 7 months.

Need a bounce, otherwise a huge psychological flush is incoming. pic.twitter.com/55CK8CvdVq

— Ardi (@ArdiNSC) November 4, 2025

On the other hand, BlackRock’s iShares Bitcoin Trust (IBIT) has been continuously offloading their holdings. As per the on-chain data, the world’s largest asset manager has started dumping BTC yet again.

BlackRock on Bitcoin dumping spree | Source: 0xNobler

BlackRock has approximately unloaded 24,000 BTC valued at $2.75 billion. Crypto market data indicates that the asset manager continues to sell additional holdings in smaller batches each hour. Despite all the FUD (Fear, Unrest and Doubt), Michael Saylor’s Strategy has continued with their BTC purchases.

Altcoins Crash Deepens as Investors Deal with October Shock
The latest correction across the altcoins space is even more pronounced, with Ethereum price dropping another 5.6% today to $3,500. With this, the largest altcoin has extended its weekly losses to 15%.

Other top altcoins are also facing the wrath of bears. XRP

XRP
$2.25

24h volatility:
6.8%

Market cap:
$135.73 B

Vol. 24h:
$6.89 B

price is down 6.3% today, BNB

BNB
$945.9

24h volatility:
7.9%

Market cap:
$130.31 B

Vol. 24h:
$4.06 B

price is down 7.38%, Solana

SOL
$159.2

24h volatility:
9.8%

Market cap:
$88.06 B

Vol. 24h:
$10.01 B

price tanked by 10.22%, and others have corrected anywhere between 5-10%.

According to Bloomberg, the crypto market continues to feel the aftereffects of October’s massive liquidation event, which wiped out billions in leveraged positions. Although BTC showed intermediary signs of rebound, Bloomberg noted that is not being driven by new fear or macroeconomic headwinds. Instead, traders remain cautious after the severe October wipeout.

The publication added that the event “repelled new demand,” as confidence remains subdued and buyers have yet to fully return despite broader strength in global risk assets. Analysts suggest the current phase reflects a recovery in sentiment rather than fundamental weakness.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

Bhushan Akolkar on X

Journalist

Posted: November 4, 2025

Key Takeaways
Why are Mantle prices down?
The market sell-off on Monday accelerated the downtrend of MNT, driving prices to a swing low of $1.18.

Where is MNT likely to go next?
The prevailing trend is downward, but a short-term price bounce to the $1.4 supply zone is possible before the next bearish impulse move.

Mantle [MNT] has fallen 5.11% in the past 24 hours, and its daily trading volume has increased by 83% over the previous day. This was a sign of heavy selling in recent trading hours.

The Bitcoin [BTC] volatility on the 2nd of November also pushed MNT prices lower.

The crypto sphere shed $100 billion in market cap, a 4% drop that saw $1.14 billion worth of positions liquidated in 24 hours. The fearful conditions and Mantle’s prevailing downtrend meant that the altcoin would likely face more losses in the coming days.

Fearful sentiment and heavy selling drive MNT prices toward $1

Source: MNT/USDT on TradingView

Mantle bulls fought valiantly to defend the $1.58 support level in October, and their efforts were successful until the final week of the month. Bitcoin’s price rejection and downturn from the $116k resistance took MNT below $1.58.

The recent sell-off saw MNT reach a swing low of $1.18. The next support level of note was at $1.1. This level served as a launchpad to the September rally. Meanwhile, the $1.4 level was the overhead resistance to watch out for.

The technical indicators showed that bears were in the driver’s seat of the MNT market. The CMF dropped below -0.05 to reflect intense capital outflows and selling pressure.

The Directional Movement Index had its -DI (red) above 20, at press time, with the ADX (yellow) moving higher as well.

This was an indication that the trend was bearish on the 1-day timeframe.

In the short term, market sentiment turned bearish.

Recent price declines were matched by a steady drop in Open Interest (OI), indicating that speculators were either liquidated or chose to stay out due to heightened volatility.

This decline in OI signaled weakening confidence, while long liquidations added further downward pressure on MNT.

Although a brief rebound to $1.4 is possible, the overall trend remains bearish.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

Amid the bearish pressure that has rocked the market, the Bitcoin price continues to fluctuate around the $110,000 support, especially with selling pressure building up. This has led to predictions that the Bitcoin price is headed for another crash amid the weakness. One analysis that stands out comes from crypto analyst Toby Dawson, who pointed out the formation of a bearish Heads and Shoulders pattern that could trigger a cascade below $100,000.

Head And Shoulders Pattern Points Downward
In the analysis shared on the TradingView website, Dawson outlines the formation of the head and shoulders pattern. The first shoulder here, the left shoulder, was created at around $117,000, when the price was struggling back in the month of September. The subsequent recovery would then give rise to the formation of the head.

Next was the rapid Bitcoin price rise to a new all-time high above $126,000 before hitting resistance. This resistance at this level led to the formation of the head of the pattern, and, as expected, the price continued its downtrend following this.

The most recent of these is the formation of the right shoulder, which was created in the rally toward $117,000 at the end of October. Once again, the Bitcoin price hit another major resistance, marking the completion of the head and shoulders pattern.

With this formation, the crypto analyst points out the possibility that the Bitcoin price will see a major bounce. However, in the case of a breakdown, the expectation would be for the price to crash below the $100,000 and move toward $90,000.

Source: TradingView
Bitcoin Price Crash Expectations Spread
Another crypto analyst has also called out the possibility of the Bitcoin price crashing. This comes after the cryptocurrency made a new all-time high above $126,000, and the analyst points out that the digital asset has always seen a major price crash after reaching new peaks.

From here, the focus is now on the 1-week 50 EMA and the support at $100,000. These two are serving as the last line of defense, and if they fail, then the analyst expects the Bitcoin price to go into free fall. As a result, the analyst warns that investors should get ready to exist as “Bitcoin is heading straight to hell!”

Just like Dawson, the crypto analyst expects that Bitcoin will break below $100,000, but puts it even further. This time, it isn’t expected to actually stop above $90,000, but to reach deeper into the $80,000 territory before finding support.

BTC continues to move in a bearish pattern | Source: BTCUSD on Tradingview.com
Featured image from Dall.E, chart from TradingView.com

Monero has grabbed the spotlight just as privacy coins take off, challenging narratives after Dash and ZCash set new highs. While the overall crypto market dropped over 4%, XMR surged, defying the market trend. Wondering what led to such an event? A perfect storm of events fueled this rise, the first being bullish chart signals, and secondly, renewed interest in privacy-focused assets. And the third being spillover demand after ZCash’s market cap leapfrogged Monero for the first time ever. 

Traders moved in as Monero bounced from the $339 mark, triggering buy orders that capitalized on sector-wide momentum. Despite ZEC’s short-term win, Monero remains the go-to coin for diehard privacy fans. Stability in network fundamentals, like unwavering hashrate and rising shielded transactions, helped cement confidence in XMR. The big question now: Is Monero poised to match, or even outshine, recent rallies seen in its rivals?

XMR Price AnalysisMonero price has shown impressive resilience on the charts. After slipping toward $339, XMR quickly bounced off the 23.6% Fibonacci level and its 7-day SMA. At $346.56, Monero now sits up 3.48% in the last 24 hours and 0.96% across the week, with a total market cap of $6.39 billion and trading volumes soaring over 38% to $230.96 million.

Digging deep into technicals, the short-term momentum remains neutral-to-bullish. The RSI sits at 59.7, suggesting neither overheated conditions nor bearish exhaustion. I see the positive MACD histogram, reading +1.53, as a further sign of upward pressure. Price action hovers close to the critical pivot point at $342.77.

Consequently, if XMR closes above this pivot, a move toward the $361 resistance is likely. Beyond this, $380 stands as the next major technical target. Strong volume above $226 million will be crucial to confirm any breakout. Contrarily, holding $339 is vital for bulls. If this support fails, sellers may aim for $320.

Bollinger bands tell a story of consolidation, with price currently near the middle band. The risk of a sharp correction remains low as long as XMR remains above its 7-day moving average and buys persist at key technical zones.

FAQsWhat triggered the recent Monero rally?

Surging demand for privacy coins and technical momentum lifted XMR, especially after it reclaimed the $339 support on strong volume while ZCash and Dash rallied.

How does Monero compare to ZCash now?

While ZCash briefly overtook Monero’s market cap, XMR remains highly regarded by privacy supporters.

What price levels should traders watch?

Watch for a close above $342.77 to confirm a run toward $361 and $380. The $339 mark acts as a critical support.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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SOL price crashed to $158, despite the buzz around Bitwise’s staking ETF, and is now testing the lower bound of the $155–$165 historical demand zone. Will it rebound or head lower?

Summary

SOL broke down from a symmetrical triangle and lost key support at $178–$180, now testing the $155–$165 demand zone.
Short-term volatility is high (4H BBWP spike), suggesting a possible relief bounce before the next move. However, daily BBWP at 65% indicates trend continuation potential.
Bitwise’s BSOL ETF, with $400M AUM in its first week, remains a major catalyst for a potential upside reversal.

SOL price technical analysis
Solana (SOL) price has crashed to $158 after breaking down from a symmetrical triangle pattern — a typically neutral formation that often precedes sharp directional moves once market indecision resolves.

The breakdown from the triangle also marked the loss of a strong support confluence around $178–$180, where a horizontal level, the 0.382 Fib, and the 21 EMA converged. This breach confirmed strong bearish momentum, with SOL price forming a lower low at $158. Price action now tests the lower bound of the major $155–$165 historical demand zone, an area that has repeatedly attracted strong buying interest in the past.

The BBWP indicator, which measures volatility, has spiked toward extreme highs. This indicates that momentum remains strong, but as volatility peaks, the market may be approaching a short-term exhaustion point, where a temporary relief bounce or consolidation could occur before the next directional move.

SOL price 4-hour chart | TradingView
However, BBWP on the daily is 65%, not yet in the extreme zone. This suggests that after volatility reset on the 4H timeframe, the market could resume the prevailing trend, potentially leading to another big move in the same direction.

The next key level to watch is $155, a major support area within the tested historical demand zone. If SOL price fails to bounce from $155-$165 zone, there’s risk of a deeper correction toward the next support near $130–$140.

SOL price crash comes amid heightened market attention following the launch of Bitwise’s BSOL, the staking-enabled Solana ETF that debuted on October 28. The ETF recorded $400 million in AUM after its first week, surpassing Rex-Osprey’s SSK at $370 million. Going forward, its inflows remain a key catalyst for a potential bounce and a trend reversal to the upside.

Bitcoin price plunged from $110,000 to under $105K since Monday, triggering one of the biggest liquidation cascades in the crypto market in recent weeks as over $1 billion in leveraged crypto positions were wiped out.

Summary

Crypto market faced over $1 billion in liquidations in the past 24 hours.
Long liquidations accounted for 90% of the total.
Bitcoin and major altcoins remain pressured due to macro uncertainty.

According to data from CoinGlass, the crypto market saw a massive $1.37 billion in liquidations over the past 24 hours, most of it unfolding within the first 12 hours. Long positions took the brunt of the damage, accounting for nearly 90% of the total, with more than $1.23 billion in bullish bets wiped out as prices slipped from their weekend highs. Short traders accounted for just $143 million of the total.

Bitcoin, Ethereum lead 24-hour liquidations
Bitcoin accounted for $396.98 million in total liquidations, with $377.21 million coming from long positions. Ethereum followed with $368 million in liquidations, of which $322.98 million were longs.

Over 300,000 traders were liquidated in the past 24 hours. The largest single liquidation event was recorded on crypto exchange HTX, where a $47.87 million BTC-USDT long position was closed out. Over 

Crypto traders using leverage were forced to close their positions due to insufficient margin as the market moved against them.

Meanwhile, the preferred market sentiment gauge, the Crypto Fear and Greed Index, a metric, slumped to 21 today into the “Extreme Fear” territory.

At the time of writing, Bitcoin (BTC) had extended daily losses and hit intra-day lows around $104,5000, though it remained down 2.5% over the past 24 hours, with its market cap hovering around $2.13 trillion. Ethereum (ETH) slipped 5.2% to $3,528, while XRP (XRP) shed 5.4% to trade at $2.29. Solana (SOL) extended its losing streak, plunging 9.2% to $159.82, ranking it among the worst performers in the top 10 when writing.

Together, these dips pushed the total crypto market cap down by 2.5% to $3.59 trillion, marking its lowest level since July 11.

The sharp market pullback followed Bitcoin’s failed attempt to push past $111,000. The move was made worse by shallow order books across major perpetuals, which amplified volatility during low-liquidity trading hours as a wave of cascading liquidations swept through the market.

Analysts pointed to a stronger U.S. dollar and fading expectations of another Federal Reserve rate cut this year as key catalysts. The shift came after a series of cautious remarks from Fed officials, hinting that policymakers may take a slower approach to monetary easing than markets had anticipated.

Bitcoin price crash is a “healthy reset”
Crypto market sentiment was also hurt after Bitcoin broke from its so-called “Uptober” streak after ending October with a 3.7% loss, its worst performance for the month since 2018, a reversal that caught many traders off guard. Yet some analysts are downplaying the current correction.

“Bitcoin’s first red October in seven years has certainly caught attention, but I see it more as a healthy reset than a structural reversal. After a strong run through most of 2025, markets needed to digest gains, and we’re now seeing that play out.” Rachel Lin, CEO of SynFutures, told crypto.news.

Markets are now pricing in a data-heavy week in the U.S., with key reports on job openings, private payrolls, and inflation expectations on deck. Stronger labor numbers could put a lid on rate-cut hopes, while any signs of weakness might rekindle optimism for Fed easing.

“For November, I expect a period of stabilization and cautious optimism. Bitcoin may trade sideways early in the month as markets absorb Fed commentary, but a decisive shift in tone — either from softer inflation prints or a clearer easing message — could trigger a recovery. Ethereum should track a similar pattern, with additional tailwinds from network upgrades and growing institutional use of DeFi protocols,” Lin added.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

XRP's key averages are set to produce a death cross. Nov 4, 2025, 7:30 a.m.

XRP$2.2814 has dropped 6% in 24 hours, closing in on the lower boundary of its three-week trading range between $2.20 and $2.70.

The token is nearing a bearish technical pattern known as the death cross, where the 50-day simple moving average (SMA) is set to cross below the 200-day SMA for the first time since May. The death cross is a widely watched indicator suggesting that short-term price momentum is weakening relative to the longer-term trend, often seen as a precursor to more extended downturns.

STORY CONTINUES BELOW

While not always reliable on its own, the looming death cross alongside broader market weakness—including bitcoin’s recent struggles—adds to the cautious sentiment around XRP, more so, as the MACD histogram on the XRP's daily chart is teasing a bearish crossover in a sign of renewed negative shift in momentum.

XRP is the payments-focused cryptocurrency that Ripple uses to facilitate cross-border transactions.

XRP's daily chart. (TradingView)

AI Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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BTC/USDT vs. Nasdaq futures daily chart. Source: TradingView
Several Wall Street chief executives, including Mike Gitlin of Capital Group, Ted Pick of Morgan Stanley, and David Solomon of Goldman Sachs, cautioned that investors should prepare for an equity market drawdown of more than 10% over the next 12 to 24 months.

Gitlin noted that while corporate earnings remain strong, valuations appear stretched.

“Most people would say we’re somewhere between fair and full, but I don’t think a lot of people would say we’re between cheap and fair,” he said during a financial summit hosted by the Hong Kong Monetary Authority.

The same issue, he added, applies to credit spreads, suggesting limited upside for risk assets in the short term.

Their collective tone underscored the likelihood of a near-term correction, one they described as a “normal feature” of market cycles. But with both equities and Bitcoin trading near historically elevated levels, risk sentiment weakened broadly this week.

Long-Term Bitcoin Holders Exit
On-chain data from CryptoQuant shows that long-term Bitcoin holders have sold over 400,000 BTC in the past 30 days, roughly 2% of total circulating supply, marking one of the most significant distribution phases of 2025.

Validators halted the network on Monday as the exploit on Balancer V2 exposed vulnerabilities in Berachain's native decentralized exchange.

Bitwise's Solana ETF (BSOL) posted record weekly inflows of $417 to $421 million, making it among the top 20 ETFs across all asset classes by net inflows.

BTC's major support is gone, but self-custody activity is rising. Buyers appear active. Is it active enough to stop further bleeding?

As markets remained choppy, Bitcoin (BTC) suffered a fresh decline of almost 3% on Tuesday as it fell below the critical support zone at $107,000, a major trading range that had remained intact for 130 days.

CryptoQuant noted that this failure could expose the market to further downside momentum.

Bitcoin’s Line of Defense Breached
According to the analysis, the established range between approximately $107,000 and $123,000 has served as the battlefield for buyers and sellers since mid-June, and price action reflected high vulnerability at the range floor. However, while the price continued to show weakness and remains under pressure near the bottom of this multi-month structure, on-chain data from Binance reveals a contrasting pattern that signals a rise in underlying demand.

CryptoQuant stated that the 7-day moving average of Exchange Withdrawing Addresses on Binance has increased sharply, rising from roughly 340 on October 30 to close to 418 on Monday, which indicates a growing cohort of market participants is moving Bitcoin off the exchange and into self-custody.

This trend is historically associated with accumulation behavior rather than preparation for selling, and suggests that some holders may now view the current price zone as attractive for long-term positioning.

The earlier opposing trend of falling price versus rising withdrawals suggested that demand was forming around the $107,000 zone, potentially offering short-term protection. Those withdrawal patterns signaled that certain buyers were attempting to build a base by shifting coins into self-custody and away from exchange sell-side pressure. But CryptoQuant noted that this signal alone was not a guarantee that support would hold.

The outcome, according to the analysis, was always based on whether the accumulation magnitude was strong enough to counter ongoing selling. With Bitcoin now trading around $104,000 and below that previously observed support area, the focus shifts toward whether this withdrawal trend continues to rise or begins to cool. The sustainability of this metric in the coming days will determine if buyers still step in at lower prices or if the breakdown below the range continues.

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Rising Activity From STH Signals Early Accumulation
Bitcoin’s short-term holder cohorts are beginning to accumulate again, but this does not necessarily mean the market has found a local bottom. CryptoQuant’s analysis tracking Bitcoin’s Realized Price by UTXO Age Bands focuses on two short-term groups. First, those holding BTC between one and three months, and second, those holding between three and six months. These two cohorts are typically the most reactive during market corrections and tend to drive volatility.

In previous uptrends, especially from early 2024 to mid-2025, the realized price of the one-to-three-month band often acted as a first support line, as newer buyers defended their cost basis during pullbacks. Meanwhile, the three-to-six-month cohort has historically behaved in a contrarian way. It was found that their accumulation tends to rise when prices are falling, and fade when prices are rising.

The analytics firm observed that this three-to-six-month group has now started accumulating again, but the trend is not fully developed. This could mean that while these holders are stepping in, they may not yet view current prices as attractive enough for aggressive entry, or are waiting for more fear, capitulation, or deeper discount conditions to unfold before increasing their positioning in size.

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XRP Showing Signs of Weakness as Momentum Fades — Can Bulls Defend the $2.25 Support?According to renowned market analyst Ali Martinez, XRP is beginning to show signs of weakness after its recent rally, with momentum indicators pointing toward a potential pullback. 

Following a strong surge that pushed the token to multi-month highs, buyers appear to be losing steam, raising concerns about whether the $2.25 support zone will hold or if a deeper correction is imminent.

Source: Ali MartinezThe Relative Strength Index (RSI) is cooling from overbought levels, signaling fading buying momentum, while a bearish Moving Average Convergence Divergence (MACD) crossover suggests profit-taking among short-term traders. Together, these indicators point to weakening bullish strength and a potential retest of lower support zones.

Historically, the $2.25 zone has been a pivotal level for XRP, flipping between resistance in past rallies and support during pullbacks. 

Holding above it could reinforce the bullish structure and spark a rebound toward the $2.45–$2.55 range. Conversely, a clean break below $2.25 may open the door for deeper losses, with the next key support around $2.05.

In the days ahead, XRP’s reaction around the $2.25 level will be pivotal. A strong rebound could reignite bullish momentum, confirming a healthy correction within the broader uptrend as the altcoin traverses oversold territory. 

However, a breakdown below this support may trigger a deeper retracement, flushing out leveraged positions before the next major move.

Ripple’s RLUSD Stablecoin Crosses $1 Billion Valuation, Signaling Growing Institutional AdoptionAccording to on-chain data from CryptoQuant, Ripple’s recently launched stablecoin, RLUSD, has officially surpassed a $1 billion market valuation, marking a major milestone for the blockchain company and signaling accelerating institutional interest in Ripple’s ecosystem.

Source: CryptoQuantRLUSD’s explosive growth positions it among the fastest-rising stablecoins in the market. Built on both the XRP Ledger and Ethereum, it’s engineered to bridge traditional finance with decentralized systems through a compliant, transparent, and enterprise-grade framework. 

This rapid adoption underscores Ripple’s broader strategy to move beyond cross-border payments and cement its presence in the expanding world of tokenized finance.

Analysts attribute RLUSD’s rapid rise to Ripple’s global partnerships and clear regulatory positioning. 

Unlike many rivals, RLUSD is backed by full reserves, institutional-grade security, and audited transparency, a formula that’s winning over banks, fintechs, and liquidity providers seeking a trusted stablecoin for settlement and on-chain payments.

“Crossing the $1 billion threshold highlights the market’s confidence in Ripple’s ability to deliver stability and trust in digital assets,” said a CryptoQuant market analyst. “Institutional players are clearly viewing RLUSD as a credible bridge between crypto liquidity and traditional finance.”

The timing of this milestone is also significant. As global demand for tokenized assets and real-world asset (RWA) solutions accelerates, RLUSD provides Ripple with the foundation to integrate stable settlement rails across diverse financial applications, from DeFi liquidity pools to enterprise remittance platforms.

ConclusionXRP sits at a critical juncture, with the $2.25 support zone poised to decide its next major move. A decisive defense could reignite bullish momentum, transforming the recent pullback into a springboard for higher targets. 

While technicals point to short-term exhaustion, underlying market optimism and rising institutional interest suggest any dip may be short-lived. Conversely, a breakdown below $2.25 could trigger deeper losses, making the coming days pivotal for XRP’s trend direction.

On the other hand, RLUSD’s rapid climb to a $1 billion valuation cements Ripple as a major force in the stablecoin and digital finance landscape. The milestone validates Ripple’s vision of uniting regulatory compliance with blockchain innovation while underscoring rising institutional trust in its infrastructure. 

As adoption expands across payment rails, DeFi ecosystems, and tokenized asset markets, RLUSD is emerging as a cornerstone of liquidity and confidence, positioning Ripple at the forefront of the next financial revolution.

Tue, 4/11/2025 - 8:14

Shiba Inu saw a price drop that certainly was not expected in such a short period of time, considering the market structure of the asset.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

As the meme coin industry and the larger cryptocurrency market continue to be dominated by pessimism, Shiba Inu has officially dropped to its lowest level since January 2024. The token has fallen to about $0.0000089, confirming a protracted downtrend that now spans nearly nine months, breaking through crucial short-term support. 

Exhaustion is clearly depicted on the chart. The 50-day, 100-day and 200-day lines are the three major moving averages that SHIB has continuously traded below. This technical configuration usually indicates ongoing seller control.

What is pushing SHIB downSince late summer, the 200-day moving average in particular has served as a ceiling, rejecting all attempts at recovery. The weak momentum and increasing risk of an oversold continuation rather than reversal are further highlighted by the RSI hovering around 32. There are no indications of a bullish divergence, and SHIB is trapped in a long-term decline channel. Instead of panic-driven capitulation, which frequently precedes significant rebounds, price action points to a steady decline.

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SHIB/USDT Chart by TradingViewThe next crucial support zone is located between $0.0000075 and $0.0000080, and SHIB’s mid-2024 rally was previously launched from this area. A significant decline below that level might pave the way for a complete retracement of last year’s gains at $0.0000065. Essentially, in recent months, Shiba Inu’s ecosystem has had difficulty producing significant catalysts. Although its layer-2 scaling network, Shibarium, initially demonstrated promise, on-chain activity has plateaued and has not resulted in any buying pressure.

No liquidity for SHIB?As liquidity concentrates around Bitcoin and Ethereum, investors’ focus has also shifted away from meme tokens. For now, SHIB investors should prepare for continued downside unless the market stages a broader recovery. There might be brief relief bounces, but they are probably only going to last a short while if there is not a spike in volume or new network momentum.

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SHIB may try to recover back toward $0.000010-$0.000011 if sentiment in the cryptocurrency space becomes riskier once more, but for the time being, the trend is still clearly bearish, with a downward path of least resistance.

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Hyperliquid price continues its decline yet rising whale accumulation hints at a potential rebound near the $36 support level.

Summary

HYPE price drops 9% to $37.6, but spot and futures volumes rise sharply.
Whale accumulation grows as Hyperliquid buybacks and listings expand.
Technicals remain cautious with key support at $36 and resistance at $42.

Hyperliquid traded at $37.63 at press time, down 9% in the past 24 hours. The token sits near the lower end of its seven-day range and has fallen 20% over the week and 25% in the past month. It now trades 36% below its all-time high of $59.3 set on Sept. 18.

Daily Hyperliquid (HYPE) token trading volume rose 59% to $796.7 million, showing a pickup in market activity. Derivatives volume climbed 38.7% to $2.81 billion, while open interest dropped 7.7% to $1.59 billion.

Rising derivatives activity with lower open interest usually means traders are closing or rotating positions rather than building new long exposure, often a sign of short-term caution or upcoming volatility.

Whale accumulation and ecosystem strength
An on-chain analysis from CryptoQuant contributor EgyHash, published on Nov. 3, shows clear signs that large holders are accumulating. Spot volume growth and rising average order sizes point to accumulation behavior by big accounts. Futures data mirror that trend with growing average order sizes, suggesting institutional or high-net-worth traders are also stepping in. 

Adding to the bullish activity, Hyperliquid’s ecosystem channels a large share of protocol fees into buybacks. The Assistance Fund has repurchased more than $340 million so far this year and continues to buy regularly. Monthly buybacks of about $65 million and planned delegated programs could add meaningful demand by year’s end.

Additional tailwinds are being generated by infrastructure improvements and exchange listings. Bybit, OKX, and Robinhood Europe have all added HYPE trading pairs, and Bitget Wallet’s HyperEVM bridge has attracted USD Coin (USDC) liquidity worth over $4.5 billion. These moves, combined with exchange-traded fund filings by 21Shares and Bitwise, have drawn institutional attention that could amplify the rebound narrative if momentum returns.

Hyperliquid price technical analysis
HYPE is trading below the middle Bollinger Band on the daily chart, which is around $41. Cooling momentum is indicated by the price almost hugging the lower band. The MACD is still negative, momentum indicators are largely bearish, and the relative strength index at 40 shows slight weakness.

Hyperliquid daily chart. Credit: crypto.news
Most short- and mid-term moving averages (10–100 day) are above the price and trending lower, confirming a short-term bearish structure. The $36–$38 range is crucial since its around the 200-day estimated moving average. A daily close below $36 could invite deeper selling toward $32, where previous buyers emerged.

Resistance is located between $41 and $42 if bulls defend this level. A breakout above that area might cause the market to pick up steam, targeting $49 and potentially $55 if whale accumulation continues.

Exercise of RSUs and options LONDON, UK / ACCESS Newswire / November 4, 2025 / Orosur Mining Inc. ("Orosur" or the "Company") (TSXV:OMI)(AIM:OMI) announces the following: The Company has issued 4,358,332 Common Shares ("Shares") representing 1.13% of the Company's current issued share capital, following the exercise of 3,123,332 RSUs and 1,280,000 options by directors and consultants of the Company. All of the directors will be retaining their Shares and not selling after exercise.

Please see below information about transactions made under the fourth tranche of the 2025 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

Date on which the buy-back tranche was announced: 29 October 2025. The duration of the buy-back tranche: 30 October to no later than 2 February 2026.

Further information on the tranche can be found in the stock market announcement on its commencement dated 29 October 2025, available here: https://newsweb.oslobors.no/message/658157

From 30 October to 31 October 2025, Equinor ASA has purchased a total of 601.752 own shares at an average price of NOK 241.5536 per share.

Overview of transactions:

DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK)     30 OctoberOSE300,142242.359172,742,144.99 CEUX    TQEX        31 OctoberOSE301,610240.752172,613,240.88 CEUX    TQEX        Total for the periodOSE601,752241.5536145,355,385.87 CEUX    TQEX        Previously disclosed buy-backs under the tranche OSE   CEUX   TQEX   Total        Total buy-backs under the tranche (accumulated)OSE601,752241.5536145,355,385.87CEUX   TQEX   Total601,752241.5536145,355,385.87  
Following completion of the above transactions, Equinor ASA owns a total of 44,244,364 own shares, corresponding to 1.73% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 33,924,062 own shares, corresponding to 1.33% of the share capital).

This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact details:

Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 918 01 791

Media
Sissel Rinde, vice president Media Relations,
+47 412 60 584

Detailed overview of transactions

November 04, 2025 02:00 ET

 | Source:

Pulsar Helium

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS RESTRICTED AND IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM AUSTRALIA, JAPAN OR THE REPUBLIC OF SOUTH AFRICA OR TO BE TRANSMITTED, DISTRIBUTED TO, OR SENT BY, ANY NATIONAL OR RESIDENT OR CITIZEN OF ANY SUCH COUNTRIES OR ANY OTHER JURISDICTION IN WHICH SUCH RELEASE, PUBLICATION OR DISTRIBUTION MAY CONTRAVENE LOCAL SECURITIES LAWS OR REGULATIONS.

CASCAIS, Portugal, Nov. 04, 2025 (GLOBE NEWSWIRE) -- Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF) (“Pulsar” or the “Company”), a leading helium project development company, is pleased to announce that it has signed a definitive agreement (the “Agreement”) with Oscillate plc (“Oscillate”) to supersede the non-binding term sheet announced on September 2, 2025, to acquire up to 100% of Oscillate’s wholly owned subsidiary, Quantum Hydrogen Inc. (“Quantum”) in an all-share transaction (the “Transaction”).

Terms of the Agreement

Under the Agreement, Pulsar is to acquire 80% of the issued share capital of Quantum (the “Quantum Shares”) from Oscillate in consideration of the issuance of new Pulsar common shares (the “Consideration Shares” and each common share of Pulsar, a “Pulsar Share”) having an aggregate value of US$400,000, and to be issued in five equal monthly tranches of US$80,000 each over a five-month period commencing upon receipt of TSX Venture Exchange (“TSXV”) approval to the Transaction. The number of Consideration Shares in each tranche will be determined by the thirty-day volume-weighted average price (“VWAP”) of Pulsar’s Shares on the TSXV prior to each issuance (subject to the minimum price allowable by the TSXV). Pulsar has also been granted the option to acquire the remaining 20% of the Quantum Shares from Oscillate within eighteen months for an additional US$400,000 in Pulsar Shares, issuable under the same terms and pricing mechanism as set out above.

The Pulsar Shares to be issued in connection with the Transaction will be subject to a four-month-and-one-day hold period from the date of issuance, and such issuance remains subject to receipt of TSXV acceptance.

The Company also notes that Neil Herbert, a director of Pulsar, is a minority shareholder in Oscillate, and accordingly has abstained from participating in Pulsar’s Board’s deliberations and voting on the Transactions, in line with corporate governance best practices.

Highlights of the Transaction

Quantum holds exclusive mineral rights for non-hydrocarbon gases in Minnesota (59,100 gross acres) that are located in the St. Louis and Itasca Counties (the "Assets"), to the west of Pulsar's flagship Topaz project.Circa 1,000% increase to Pulsar's gross acreage in Minnesota, on completion of the acquisition of the Oscillate Shares.Proximal and prospective for helium and hydrogen, with geological traits analogous to the Topaz project, where recent testing at the Jetstream #1 appraisal well confirmed strong reservoir productivity, expected to support future production.Pulsar will have the opportunity to apply Pulsar's extensive subsurface knowledge to the Assets, which represent a more conventional gas reservoir.Pulsar remains focused on achieving its core objective of becoming a major helium producer at Topaz, with this additional acreage being a low-cost, long-term addition intended for future exploration activities.
Quantum has not yet produced financial statements, however the lease option that it owns in respect of the Assets is held on Quantum’s balance sheet with a value of approximately US$296,000.

Strategic Rationale for the Transaction

The mineral rights comprising the Assets are situated within a non-hydrocarbon-bearing sedimentary basin that overlies Archaean crystalline basement, the same helium source rock type as at the Topaz project. While Topaz represents a helium discovery within fractured basement, the Assets represent a more conventional gas reservoir: helium generated in basement granites migrating into overlying sedimentary reservoirs sealed by mudstone and siltstone units. Pulsar has developed a strong technical foundation in identifying and characterising helium migration pathways, source-proximity relationships, and structural controls through its work at Topaz. This acquisition will allow Pulsar to leverage its experience across additional acreage with similar helium generation potential. Pulsar's board believes this represents a logical and low-risk way to expand its exploration portfolio, while remaining firmly within the Company's core technical focus.

About Pulsar Helium Inc.

Pulsar Helium Inc. is a publicly traded company quoted on the AIM market of the London Stock Exchange and listed on the TSX Venture Exchange with the ticker PLSR, as well as on the OTCQB with the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz helium project in Minnesota, USA, and the Tunu helium project in Greenland. Pulsar is the first mover in both locations with primary helium occurrences not associated with the production of hydrocarbons identified at each.

About the Topaz Project

The Topaz project is located in northern Minnesota, USA, where Pulsar is the first mover and holds exclusive leases. Drilling at the Jetstream #1 appraisal well reached a total depth (“TD”) of 5,100 feet (1,555 meters) in January 2025, successfully penetrating the entire interpreted helium-bearing reservoir and beyond. Drilling of the Jetstream #2 appraisal well was completed on February 1, 2025, reaching a TD of 5,638 feet (1,718 meters). In August 2025, the Jetstream #1 well was successfully flow-tested using a wellhead compressor, delivering a peak gas flow rate of approximately 1.3 million cubic feet per day with a sustained flow of 7–8% helium (as helium-4). Recent laboratory analyses have also confirmed the presence of helium-3 in measurable concentrations, representing one of the highest naturally occurring helium-3 values publicly reported in a terrestrial gas reservoir. The forthcoming multi-well drilling campaign will build on these results to expand Pulsar’s understanding of the reservoir and advance Topaz toward development.

On behalf Pulsar Helium Inc.

“Thomas Abraham-James”

President, CEO and Director

Further Information:

Pulsar Helium Inc.
[email protected]     
+ 1 (218) 203-5301 (USA/Canada)
+44 (0) 2033 55 9889 (United Kingdom)
https://pulsarhelium.com
https://ca.linkedin.com/company/pulsar-helium-inc.

Strand Hanson Limited
(Nominated & Financial Adviser, and Joint Broker)
Ritchie Balmer / Rob Patrick / Richard Johnson
+44 (0) 207 409 3494

OAK Securities*
(Joint Broker)
Richard McGlashan / Mungo Sheehan
+44 7879 646641 / +44 7788 266844
[email protected] / [email protected]
*OAK Securities is the trading name of Merlin Partners LLP, a firm incorporated in the United Kingdom and regulated by the UK Financial Conduct Authority.

Yellow Jersey PR Limited
(Financial PR)
Charles Goodwin / Annabelle Wills
+44 777 5194 357
[email protected]

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

Forward-Looking Statements

This news release contains forward-looking information within the meaning of Canadian securities legislation (collectively, "forward-looking statements") that relate to the Company's current expectations and views of future events. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, through the use of words or phrases such as "will likely result", "are expected to", "expects", "will continue", "is anticipated", "anticipates", "believes", "estimated", "intends", "plans", "forecast", "projection", "strategy", "objective" and "outlook") are not historical facts and may be forward-looking statements. Forward-looking statements herein include, but are not limited to, statements relating to the anticipated impact from the acquisition of the Oscillate Shares and the Assets, including that the Assets represent a more conventional gas reservoir; the potential impact of the recently announced drill results, flow testing and pressure testing at the Jetstream #1 appraisal well on supporting future production; the potential of helium-3 being present in economic quantities and being recoverable, and the potential for future wells. Forward-looking statements may involve estimates and are based upon assumptions made by management of the Company, including, but not limited to, the Company's capital cost estimates, management's expectations regarding the availability of capital to fund the Company's future capital and operating requirements and the ability to obtain all requisite regulatory approvals, including the receipt of TSXV approval to the Transaction. 

No reserves have been assigned in connection with the Company's property interests to date, given their early stage of development. The future value of the Company is therefore dependent on the success or otherwise of its activities, which are principally directed toward the future exploration, appraisal and development of its assets, and potential acquisition of property interests in the future. Un-risked Contingent and Prospective Helium Volumes have been defined at the Topaz Project. However, estimating helium volumes is subject to significant uncertainties associated with technical data and the interpretation of that data, future commodity prices, and development and operating costs. There can be no guarantee that the Company will successfully convert its helium volume to reserves and produce that estimated volume. Estimates may alter significantly or become more uncertain when new information becomes available due to for example, additional drilling or production tests over the life of field. As estimates change, development and production plans may also vary. Downward revision of helium volume estimates may adversely affect the Company's operational or financial performance.

Helium volume estimates are expressions of judgement based on knowledge, experience and industry practice. These estimates are imprecise and depend to some extent on interpretations, which may ultimately prove to be inaccurate and require adjustment or, even if valid when originally calculated, may alter significantly when new information or techniques become available. As further information becomes available through additional drilling and analysis the estimates are likely to change. Any adjustments to volume could affect the Company's exploration and development plans which may, in turn, affect the Company's performance. The process of estimating helium resources is complex and requires significant decisions and assumptions to be made in evaluating the reliability of available geological, geophysical, engineering, and economic date for each property. Different engineers may make different estimates of resources, cash flows, or other variables based on the same available data.

Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward- looking statements. Such risks and uncertainties include, but are not limited to, that Pulsar may be unsuccessful in completing in drilling commercially productive wells; the uncertainty of resource estimation; operational risks in conducting exploration, including that drill costs may be higher than estimates ; commodity prices; health, safety and environmental factors; and other factors set forth above as well as risk factors included in the Company’s Annual Information Form dated July 31, 2025 for the year ended September 30, 2024 found under Company’s profile on www.sedarplus.ca.

Forward-looking statements contained in this news release are as of the date of this news release, and the Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law. New factors emerge from time to time, and it is not possible for the Company to predict all of them or assess the impact of each such factor or the extent to which any factor, or combination of factors, may cause results to differ materially from those contained in any forward-looking statement. No assurance can be given that the forward-looking statements herein will prove to be correct and, accordingly, investors should not place undue reliance on forward-looking statements. Any forward-looking statements contained in this news release are expressly qualified in their entirety by this cautionary statement.

, /PRNewswire/ -- 

Highlights

Quarterly revenues increase by 2.2% year-over-year to $61.5 million;
Services revenues for the quarter were $30.9 million and accounted for 50.3% of total revenues;
GAAP results:

Quarterly GAAP gross margin was 65.5%;
Quarterly GAAP operating margin was 6.6%;
Quarterly GAAP EBITDA was $5.2 million;
Quarterly GAAP net income was $2.7 million, or $0.10 per diluted share. 

Non-GAAP results:

Quarterly Non-GAAP gross margin was 65.8%;
Quarterly Non-GAAP operating margin was 9.5%;
Quarterly Non-GAAP EBITDA was $6.9 million;
Quarterly Non-GAAP net income was $4.9 million, or $0.17 per diluted share.

Net cash provided by operating activities was $4.1 million for the quarter.
AudioCodes repurchased 1,267,436 of its ordinary shares during the quarter at an aggregate cost of $12.7 million.

Details

AudioCodes (NASDAQ: AUDC), a global leader in enterprise voice and VoiceAI business solutions, today announced its financial results for the third quarter ended September 30, 2025.

Revenues for the third quarter of 2025 were $61.5 million compared to $60.2 million for the third quarter of 2024.

EBITDA for the third quarter of 2025 was $5.2 million compared to $5.9 million for the third quarter of 2024.

On a Non-GAAP basis, EBITDA for the third quarter of 2025 was $6.9 million compared to $7.9 million for the third quarter of 2024.

Net income was $2.7 million, or $0.10 per diluted share, for the third quarter of 2025 compared to net income of $2.7 million, or $0.09 per diluted share, for the third quarter of 2024.

On a Non-GAAP basis, net income was $4.9 million, or $0.17 per diluted share, for the third quarter of 2025 compared to $4.9 million, or $0.16 per diluted share, for the third quarter of 2024.

Non-GAAP net income excludes: (i) share-based compensation expenses; (ii) amortization expenses related to intangible assets; (iii) financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies; (iv) tax impact which relates to our Non-GAAP adjustments; and (v) in Q1 2024 non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters. A reconciliation of net income on a GAAP basis to a non-GAAP basis is provided in the tables that accompany the condensed consolidated financial statements contained in this press release.

Net cash provided by operating activities was $4.1 million for the third quarter of 2025. Cash and cash equivalents, short-term bank deposits, long and short-term marketable securities, and long-term financial investments were $79.7 million as of September 30, 2025 compared to $93.9 million as of December 31, 2024. The decrease in cash and cash equivalents, short-term bank deposits, long and short-term marketable securities and long-term financial investments was the result of the use of cash for the continued repurchasing of the Company's ordinary shares pursuant to its share repurchase program and the payment of a cash dividend during each of the first and third quarters of 2025. This was partially offset by cash generated from operating activities.

"I am pleased to report that we delivered a strong third quarter, which highlights our commitment to our strategic priorities and our ongoing transformation into an AI-driven, hybrid cloud software and services company," said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes. "This quarter's success was driven by ongoing momentum across our two primary growth engines: the Live family of services for Unified Communications and Collaboration (UCC) and Contact Center (CX) connectivity and conversational AI (CAI) business.

"One of the standout achievements this quarter was the impressive 50% growth in our CAI business, which keeps us on track to achieve a 40%-50% growth for the entire year of 2025. Combined, these two units propelled our Annual Recurring Revenue (ARR) to $75 million by the end of the third quarter, marking a significant 25% year-over-year increase and setting us up well to meet our full-year target of $78-$82 million.

"The recent launch of our Live Platform has already borne fruit, as we secured a landmark agreement with a tier-1 system integrator. This agreement covers managed connectivity services for all major UC/CX systems and opens up exciting opportunities for cross-selling value-added solutions. Moreover, our Voice AI Connect and Live Hub, the conversational AI enablement services, delivered outstanding results, propelled by a high number of new logo wins and significant expansions within our existing customer base.

"Shifting our focus to conversational AI, our new service, Meeting Insights On-Prem (Mia OP), made noteworthy advancements during the quarter. Our leading position in Israel was further solidified by being awarded a contract under Project Nimbus, the Israeli government's multi-year cloud migration initiative. Additionally, we launched sales efforts in the US during the third quarter and have witnessed strong customer interest in Mia OP beyond the government sector in Israel.

"Overall, we executed well on our business priorities. The increased investments in our Live platform and CAI over the past several quarters have significantly contributed to the record-breaking Live and conversational AI bookings this quarter. We remain steadfast in our commitment to investing in high-growth areas, which we believe will drive sustained top-line growth improvement in the medium term", concluded Mr. Adlersberg.

Share Buy Back Program and Cash Dividend

On July 29, 2025, the Company declared a cash dividend of 20 cents per share. The dividend, in the aggregate amount of approximately $5.6 million, was paid on August 28, 2025, to all of the Company's shareholders of record on August 14, 2025.

During the quarter ended September 30, 2025, the Company acquired 1,267,436 of its ordinary shares under its share repurchase program for a total consideration of $12.7 million.

As of September 30, 2025, the Company had $1.7 million available under this approval for the repurchase of shares and/or declaration of cash dividend.

In October 2025, the Company received court approval in Israel to purchase up to an aggregate amount of $25 million of ordinary shares. The court approval also permits AudioCodes to declare a dividend out of any part of this amount. The approval is valid through April 28, 2026.

Conference Call & Web Cast Information

AudioCodes will conduct a conference call at 8:30 A.M., Eastern Time today to discuss the Company's third quarter of 2025 operating performance, financial results and outlook. Interested parties may participate in the conference call by dialing one of the following numbers:

United States Participants: 888-506-0062

International Participants: +1 (973) 528-0011

The conference call will also be simultaneously webcast. Investors are invited to listen to the call live via webcast at the AudioCodes investor website at http://www.audiocodes.com/investors-lobby.

Follow AudioCodes' social media channels:

AudioCodes invites you to join our online community and follow us on: AudioCodes Voice Blog, LinkedIn, X, Facebook, and YouTube.

About AudioCodes

AudioCodes Ltd. (NASDAQ, TASE: AUDC) is a global leader in enterprise voice and VoiceAI business solutions. We help organizations unlock the full value of voice, transforming every conversation, whether human or AI, into a strategic asset that drives better business outcomes. Our portfolio spans voice connectivity, unified communications and contact center integration, and next-generation voice AI applications that enhance collaboration, automate workflows and deliver real-time insights. With over 30 years of global experience and trusted by 65 of the Fortune 100, AudioCodes powers the intelligent enterprise, connecting people, platforms and data to move business forward.

For more information on AudioCodes, visit http://www.audiocodes.com.

Statements concerning AudioCodes' business outlook or future economic performance, product introductions and plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements'' as that term is defined under U.S. federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to, the following: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular, including governmental undertakings to address such conditions; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades, the advent of artificial intelligence and the ability to manage changes in market conditions and evolving regulatory regimes, as applicable; possible need for additional financing; the ability to satisfy covenants in AudioCodes' financing agreements; possible impacts and disruptions from AudioCodes' acquisitions, including the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impacts attributable to any pandemic or other public health crisis on our business and results of operations; the effects of the current and any future hostilities involving Israel, including in the regions in which we or our counterparties operate, which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and any other factors described in AudioCodes' filings made with the U.S. Securities and Exchange Commission from time to time. AudioCodes assumes no obligation to update the information in this release.

©2025 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, AudioCodes One Voice, AudioCodes Meeting Insights, and AudioCodes Room Experience are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice.

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

U.S. dollars in thousands      

September 30 ,

December 31,

2025

2024

(Unaudited)

(Unaudited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$ 48,925

$58,749

Short-term bank deposits

233

210

Short-term marketable securities

24,806

3,426

Trade receivables, net

68,474

56,016

Other receivables and prepaid expenses

19,476

13,012

Inventories

24,099

31,463

Total current assets

186,013

162,876

LONG-TERM ASSETS:

Long-term Trade receivables

$ 13,668

$ 15,753

Long-term marketable securities

2,456

28,518

Long-term financial investments

3,258

3,008

Deferred tax assets

8,844

9,838

Operating lease right-of-use assets

30,309

32,534

Severance pay funds

20,237

18,004

Total long-term assets

78,772

107,655

PROPERTY AND EQUIPMENT, NET

29,369

27,321

GOODWILL, INTANGIBLE ASSETS AND OTHER, NET

37,650

38,049

Total assets

$ 331,804

$ 335,901

LIABILITIES AND SHAREHOLDERS' EQUITY

CURRENT LIABILITIES:

Trade payables

10,181

7,543

Other payables and accrued expenses

27,772

25,823

Deferred revenues

44,785

38,438

Short-term operating lease liabilities

6,394

5,954

Total current liabilities

89,132

77,758

LONG-TERM LIABILITIES:

Accrued severance pay

$ 17,906

$ 16,387

Deferred revenues and other liabilities

20,024

19,434

Long-term operating lease liabilities

31,002

30,508

Total long-term liabilities

68,932

66,329

Total shareholders' equity

173,740

191,814

Total liabilities and shareholders' equity

$ 331,804

$ 335,901

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

U.S. dollars in thousands, except per share data

 Nine months ended

Three months ended

 September 30,

September 30,

2025

2024

2025

2024

(Unaudited)

(Unaudited)

Revenues:

Products

$ 86,896

$ 84,647

$ 30,606

$ 27,750

Services

96,103

95,975

30,941

32,493

Total Revenues

182,999

180,622

61,547

60,243

Cost of revenues:

Products

33,086

34,123

11,150

11,380

Services

31,370

29,057

10,112

9,563

Total Cost of revenues

64,456

63,180

21,262

20,943

Gross profit

118,543

117,442

40,285

39,300

Operating expenses:

Research and development, net

39,087

39,780

13,188

12,666

Selling and marketing

57,318

52,427

18,942

17,607

General and administrative

11,832

12,146

4,094

4,155

Total operating expenses

108,237

104,353

36,224

34,428

Operating income

10,306

13,089

4,061

4,872

Financial income (expenses), net

586

(195)

64

(614)

Income before taxes on income

10,892

12,894

4,125

4,258

Taxes on income, net

(3,838)

(4,358)

(1,393)

(1,579)

Net income

$ 7,054

$ 8,536

$ 2,732

$ 2,679

Basic net earnings per share

$ 0.24

$ 0.28

$ 0.10

$ 0.09

Diluted net earnings per share

$ 0.24

$ 0.28

$ 0.10

$ 0.09

Weighted average number of shares used in computing basic
net earnings per share (in thousands)

28,858

30,239

28,169

30,218

Weighted average number of shares used in computing diluted
net earnings per share (in thousands)

29,356

30,769

28,672

30,778

AUDIOCODES LTD. AND ITS SUBSIDIARIES

RECONCILIATION OF GAAP NET INCOME TO NON-GAAP NET INCOME

U.S. dollars in thousands, except per share data

 Nine months ended

Three months ended

 September 30,

September 30,

2025

2024

2025

2024

(Unaudited)

(Unaudited)

GAAP net income

$ 7,054

$ 8,536

$ 2,732

$ 2,679

GAAP net earnings per share

$ 0.24

$ 0.28

$ 0.09

$ 0.09

Cost of revenues:

Share-based compensation (1)

319

274

94

99

Amortization expenses (2)

366

366

122

122

Lease expenses (5)

-

304

-

-

685

944

216

221

Research and development, net:

Share-based compensation (1)

1,127

1,642

398

471

Lease expenses (5)

-

342

-

-

1,127

1,984

398

471

Selling and marketing:

Share-based compensation (1)

1,802

2,255

581

783

Amortization expenses (2)

33

33

11

11

Lease expenses (5)

-

38

-

-

1,835

2,326

592

794

General and administrative:

Share-based compensation (1)

1,653

2,113

552

679

Lease expenses (5)

-

76

-

-

1,653

2,189

552

679

Financial expenses (income):

Exchange rate differences (3)

1,310

)754(

392

55

Income taxes:

Taxes on income, net (4)

-

422

-

-

Non-GAAP net income

$ 13,664

$ 15,647

$ 4,882

$ 4,899

Non-GAAP diluted net earnings per share

$ 0.45

$ 0.50

$ 0.17

$ 0.16

Weighted average number of shares used in computing 
Non-GAAP diluted net earnings per share (in thousands)

30,094

31,534

29,437

31,480

(1)  Share-based compensation expenses related to options and restricted share units granted to employees and others.

(2)  Amortization expenses related to intangible assets.

(3)  Financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies.

(4)  Tax impact which relates to our non-GAAP adjustments.

(5)  In Q1 2024, non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters.

Note:  Non-GAAP measures should be considered in addition to, and not as a substitute for, the results prepared in accordance with GAAP.  The Company believes that non-GAAP information is useful because it can
enhance the understanding of its ongoing economic performance and therefore uses internally this non-GAAP information to evaluate and manage its operations.  The Company has chosen to provide this information
to investors to enable them to perform comparisons of operating results in a manner similar to how the Company analyzes its operating results and because many comparable companies report this type of information. 

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

U.S. dollars in thousands

 Nine months ended

Three months ended

 September 30,

September 30,

2025

2024

2025

2024

(Unaudited)

(Unaudited)

Cash flows from operating activities:

Net income

$ 7,054

$ 8,536

$ 2,732

$ 2,679

Adjustments required to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

3,096

2,788

1,183

1,004

Amortization of marketable securities premiums and accretion of discounts, net

312

885

115

270

Increase in accrued severance pay, net

(714)

(699)

(790)

(220)

Share-based compensation expenses

4,901

6,284

1,625

2,032

Decrease in deferred tax assets, net

708

826

401

762

Cash financial loss (income), net

37

137

15

(17)

Decrease in operating lease right-of-use assets

3,292

4,755

1,093

1,198

Decrease in operating lease liabilities

(133)

(3,931)

(555)

(496)

Increase in trade receivables, net

(10,373)

(6,014)

(7,237)

(2,247)

Increase in other receivables and prepaid expenses

(6,464)

(2,704)

(2,020)

(2,939)

Decrease in inventories

7,261

10,119

2,285

4,172

Increase (decrease) in trade payables

2,761

(2,077)

2,674

377

Increase (decrease) in other payables and accrued expenses

7,027

(594)

277

1,011

Increase in deferred revenues

6,471

1,631

2,256

266

Net cash provided by (used in) operating activities

25,236

19,942

4,054

7,852

Cash flows from investing activities:

Proceeds from short-term deposits

(23)

10

(5)

4

Proceeds from financial investment

243

76

65

29

Proceeds from redemption of marketable securities

5,200

3,450

2,000

-

Proceeds from sales of marketable securities

-

9,991

-

9,991

Purchase of financial investments

(442)

(675)

-

(675)

Purchase of property and equipment

(4,830)

(20,768)

(1,571)

(5,505)

Net cash provided by (used in) investing activities

148

(7,916)

489

3,844

AUDIOCODES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

U.S. dollars in thousands

 Nine months ended

Three months ended

 September 30,

September 30,

2025

2024

2025

2024

(Unaudited)

(Unaudited)

Cash flows from financing activities:

Purchase of treasury shares

(24,514)

(8,340)

(12,696)

(3,586)

Cash dividends paid to shareholders

(10,934)

(10,896)

(5,608)

(5,443)

Proceeds from issuance of shares upon exercise of options

240

186

67

6

Net cash used in financing activities

(35,208)

(19,050)

(18,237)

(9,023)

Net increase (decrease) in cash, cash equivalents, and restricted cash

(9,824)

(7,025)

(13,694)

2,672

Cash, cash equivalents and restricted cash at beginning of period

58,749

30,546

62,619

20,849

Cash, cash equivalents and restricted cash at end of period

$ 48,925

$ 23,522

$ 48,925

$ 23,522

Company Contacts

Niran Baruch

Roger L. Chuchen

Chief Financial Officer 

VP, Investor Relations

AudioCodes

AudioCodes

Tel: +972-3-976-4000

 Tel:  732-764-2552

[email protected]

[email protected]

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SOURCE AudioCodes

Independent Expert Consensus Confirms Clinical Relevance of CTCs and Identifies Parsortix Platform as Leading Next-Generation Technology Expert consensus predicts integration of CTC testing into routine clinical practice within 5 years CTCs provide distinct and impactful information that is not captured by circulating tumour DNA (ctDNA) 40% of the expert panel identified the Parsortix® platform as the most promising next generation technology for clinical applications PLYMOUTH MEETING, PA AND GUILFORD, SURREY / ACCESS Newswire / November 4, 2025 / CELLBXHEALTH plc (AIM:CLBX)(OTCQX:ANPCY), a global leader in circulating tumour cell (CTC) intelligence, welcomes the publication of a major international expert consensus confirming the growing clinical relevance of CTC analysis in cancer management. The study, titled "International expert consensus on the clinical integration of circulating tumor cells in solid tumors", and published in the high-impact factor journal the European Journal of Cancer, highlights the Parsortix® platform as a leading future technology for clinical application.