Market Signal Briefing

Q1: 2025-11-11 Earnings SummaryEPS of $0.20 misses by $0.04

 |

Revenue of

$234.52M

(-5.67% Y/Y)

misses by $5.16M

Endava plc (DAVA) J.P. Morgan 2025 Ultimate Services Investor Conference November 18, 2025 3:20 PM EST

Company Participants

Mark Thurston - CFO & Director
Alastair Lukies - Chair of Global Advisory Board & Chief Engagement Officer

Conference Call Participants

Puneet Jain - JPMorgan Chase & Co, Research Division

Presentation

Puneet Jain
JPMorgan Chase & Co, Research Division

Good afternoon. My name is Puneet. I'm from JPMorgan's payment processing and IT services team. Glad to have here with us Endava. We have Mark, who obviously, you all know, CFO of the company; and Al, who's Chief Engagement Officer. If you have any questions on Fintech, feel free to ask him. He's the Fintech guru here. So the format of this presentation is going to be fireside chat. I'll start with a few questions, and then we'll open for questions from audience. Welcome. Thank you, both of you. Appreciate it.

Mark Thurston
CFO & Director

Thank you.

Question-and-Answer Session

Puneet Jain
JPMorgan Chase & Co, Research Division

So let's start with like the third quarter results. You reported recently results came in slightly below expectations. So talk to us like what are the trends, high-level trends you are seeing? What were the drivers for the weakness or for the shortfall? And what do you expect going forward?

Mark Thurston
CFO & Director

Yes. So it was mainly a top line hit or miss. We suffered an unexpected credit with a significant client. It wasn't driven by poor performance or delivery issues. It was basically to secure future sort of pipeline of work with them. So it was unexpected, and it was issued after -- or the discussion was entered into after the guide. Now taking the revenue off, it impacted our EPS. It went straight through to the bottom line. So we were just short on the revenue and we would have been in the

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Nufarm Limited (OTCPK:NUFMF) Q4 2025 Earnings Call November 18, 2025 6:00 PM EST

Company Participants

Gregory Hunt - MD, CEO & Executive Director
Brendan Ryan - Chief Financial Officer
Rico Christensen - Group Executive of Portfolio Solutions
Brent Zacharias - Group Executive of Nuseed

Conference Call Participants

John Purtell - Macquarie Research
William Park - Citigroup Inc., Research Division
Ramoun Lazar - Jefferies LLC, Research Division
Jonathan Snape - Bell Potter Securities Limited, Research Division
Owen Birrell - RBC Capital Markets, Research Division
Scott Ryall - Rimor Equity Research Pty Ltd

Presentation

Operator

Thank you for standing by, and welcome to the Nufarm Limited FY '25 Results Conference Call. [Operator Instructions]

I would now like to hand the conference over to Mr. Greg Hunt, CEO. Please go ahead.

Gregory Hunt
MD, CEO & Executive Director

Thank you, and good morning, everyone. Welcome to Nufarm's Financial Year '25 Results Presentation. Joining me today are Brendan Ryan, Nufarm's CFO; Brent Zacharias, Group Executive of Seed Technologies; as well as Rico Christensen, who is the Group Executive Portfolio Solutions.

And as you'll see from this morning's announcement, CEO [Technical Difficulty], I will talk to the transition in more detail later in the presentation. But in terms of the call today, I will speak to the financial year '25 results. Brendan will speak to the financials and Rico will cover priorities for financial year '26 and the outlook.

Before we move to the presentation, I draw your attention to the disclaimer on Slide 2 and in particular, the wording related to forward-looking statements.

To the result, since the half year, we have delivered on key profitability and leverage unwind targets that we communicated to the market in August. We are very pleased with the performance of Crop Protection, delivering an earnings increase of 18%, with importantly, growth across all regions.

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EQT, one of the largest private market investors in the world, is doubling down on Asia, calling the region a big growth engine and home to some of the most compelling opportunities across private equity and infrastructure. 

"Asia is a big growth opportunity for us… we see some of the most attractive opportunities in our pipeline in Asia," EQT CEO Per Franzén said in an interview with CNBC. The Swedish private equity giant said more private market investors worldwide are seeking to diversify their portfolios and channel more money toward the region.

Earlier in April, EQT raised over $10 billion for its ninth Asia private equity fund, the BPEA Private Equity Fund IX, which launched in August 2024 with a $12.5 billion target. The firm also plans to invest around $930 million in South Korea's enterprise software provider Douzone Bizon.

EQT's emphasis on the region also mirrors that of other private equity players.

watch now

Rival KKR recently said that half of the 2025 private‐equity capital that it will return to investors this year will be from Asia. The American firm even held its first board meeting in Tokyo, despite being headquartered in New York.

Jean-Eric Salata, EQT's long-time Asia chair and nominee for global chairman next year, said the firm's Asia strategy hinges on a strong local presence to exploit what he called "structural alpha opportunities" in the region, or inefficiencies, especially when compared to the U.S. and Europe.

"The markets here are quite inefficient, in many ways more inefficient… so in order to capture that alpha, you really need to be on the ground and have a local presence," Salata said, adding that EQT has 350 staff across Asia.

He noted, however, that Asia's complexity and relatively high entry barriers make operating locally essential for sourcing deals, recruiting talent, and driving exits.

China: a bright spot for early-stage deals?While many global private equity investors remain cautious on China, EQT sees a different opportunity set emerging.

"The buyout strategy, we believe, is still a little early… the maturity of the market is not quite there yet in China." said Salata.

"Where we see a lot more interesting opportunities in China is in the early stage strategies where there's a tremendous amount of innovation… a tremendous amount of growth."

He added that EQT's strategy in Asia centers on companies tied to domestic demand rather than cross-border flows, allowing its assets in industries such as services, software, education and financial services to be more insulated from geopolitics such as U.S.-China tensions.

"We own one of the largest hospital groups in India, doing gastrointestinal procedures. That business is booming, and it's really completely uncorrelated to what's going on with trade or with trade tariffs and all of that complexity," Salata said.

In 2020, China accounted for more than half of all Asia-Pacific private equity deal value, but that share plunged to 27% in 2024, according to a Bain & Company report this year.

Additionally, while some private-equity managers have attributed weak exits to high interest rates, EQT said its decisions and outcomes have been largely independent of monetary cycles.

Franzén said the firm isn't counting on rates falling: "We certainly don't count on interest rates coming down… It will be important that you continue to invest into your value creation capabilities."

Salata cited examples such as Nord Anglia Education, which EQT acquired with a consortium in March, valuing the international schools operator at $14.5 billion.

"People want to invest more in their children's education, particularly in this part of the world and that business, we delivered $10 billion of distributions back to our investors, again, through a very challenging environment, in terms of where interest rates were," Salata said.

"If you have the right assets in the right sectors, and you're adding value to the businesses, we try to create an all-weather strategy that's not necessarily correlated to what's going on with interest rates."

November 18, 2025 23:32 ET

 | Source:

Plug Power, Inc.

SLINGERLANDS, N.Y., Nov. 18, 2025 (GLOBE NEWSWIRE) -- Plug Power Inc. (“Plug Power”) (NASDAQ: PLUG) today announced the pricing of $375.0 million aggregate principal amount of 6.75% Convertible Senior Notes due 2033 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Plug Power also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $56.25 million aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to close on November 21, 2025, subject to customary closing conditions, and is expected to result in approximately $347.2 million (or approximately $399.4 million if the initial purchasers exercise their option to purchase additional notes in full) in net proceeds to Plug Power after deducting the initial purchasers’ discount and estimated offering expenses payable by Plug Power.  

The offering price of the notes is 95% of the principal amount of notes. Plug Power intends to use approximately $245.6 million of the net proceeds from the offering to fully repay the outstanding principal amount of, plus accrued and unpaid interest on, its 15.00% secured debentures, and pay the related termination fee in connection therewith, and approximately $101.6 million of the net proceeds, together with cash on hand of approximately $52.4 million, to repurchase for cash approximately $138.0 million aggregate principal amount of Plug Power’s 7.00% convertible senior notes due 2026 (the “2026 notes”) in the note purchase transactions described below.

The notes will be Plug Power’s general unsecured obligations and will rank senior in right of payment to all of its future indebtedness that is expressly subordinated in right of payment to the notes, equal in right of payment to all of its existing and future liabilities that are not so subordinated, including the 2026 notes, effectively junior to all of its secured indebtedness, to the extent of the value of the assets securing such indebtedness, and structurally junior to all indebtedness and other liabilities of its subsidiaries. Interest will be payable semi-annually in arrears. The notes will bear interest at a rate of 6.75% per year. Interest will be payable semi-annually in arrears on June 1 and December 1 of each year, beginning on June 1, 2026. The notes will mature on December 1, 2033, unless earlier repurchased, redeemed or converted.

Plug Power may not redeem the notes prior to December 6, 2028. Plug Power may redeem for cash all or any portion of the notes (subject to certain limitations), at its option, on or after December 6, 2028 and prior to the 26th scheduled trading day immediately preceding the maturity date, if the last reported sale price of Plug Power’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Plug Power provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. Holders of notes may require Plug Power to repurchase for cash all or any portion of their notes on December 6, 2029 at a repurchase price equal to 100% of the principal amount of notes to be repurchased, plus accrued and unpaid interest to, but excluding December 9, 2029. In addition, holders of the notes will have the right to require Plug Power to repurchase all or a portion of their notes upon the occurrence of a fundamental change (as defined in the indenture governing the notes) at a purchase price of 100% of their principal amount plus any accrued and unpaid interest to, but excluding, the relevant fundamental change repurchase date.

The notes may not be converted prior to the earlier of (i) February 28, 2026 and (ii) the “reserved share effective date” (as defined in the indenture governing the notes), which is effectively the date on which Plug Power reserves the maximum number of shares of common stock underlying the notes. The notes will be convertible at an initial conversion rate of 333.3333 shares of Plug Power’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $3.00 per share, which represents a conversion premium of approximately 40% to the last reported sale price of $2.14 per share of Plug Power’s common stock on The Nasdaq Capital Market on November 18, 2025). Conversions of the notes will be settled in cash, shares of Plug Power’s common stock, or a combination thereof, at Plug Power’s election; provided that unless and until the reserved share effective date occurs, conversions of the notes will be settled via cash settlement.

Contemporaneously with the pricing of the notes, Plug Power entered into separate and individually negotiated transactions with certain holders of its 7.00% Convertible Senior Notes due 2026 (the “2026 notes”) to repurchase approximately $138.0 million in aggregate principal amount of the 2026 notes for approximately $154.0 million in cash, representing the principal amount repurchased and accrued and unpaid interest thereon (the “notes repurchase transactions”). The notes repurchase transactions are expected to close concurrently with the closing of the offering of notes, subject to customary closing conditions. Plug Power expects that holders of the 2026 notes that are repurchased as described above may enter into or unwind various derivatives with respect to Plug Power’s common stock and/or purchase shares of Plug Power’s common stock concurrently with or shortly after the pricing of the notes. The repurchase of the 2026 notes and the potential related market activities by the holders of the 2026 notes that agree to participate in the note repurchase transactions could increase (or reduce the size of any decrease in) or decrease (or reduce the size of any increase in) the market price of Plug Power’s common stock. The notes were only offered to qualified institutional buyers pursuant to Rule 144A under the Securities Act. Neither the notes nor the shares of Plug Power’s common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from such registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

Cautionary Language Concerning Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including but not limited to, the anticipated use of proceeds from the offering, including the repayment of the 15.00% secured debentures and the repurchase of the 2026 notes; the completion of the offering, the completion of the note repurchase transactions; the terms and consideration for the note repurchase transactions; and other statements contained in this press release that are not historical facts. These forward-looking statements are made as of the date they were first issued and are based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Plug Power’s control. Plug Power’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including, but not limited to, the risks related to the offering and uncertainties related to market conditions; risks that Plug Power may not be able to repay the 15.00% secured debentures or repurchase the 2026 notes as anticipated; risks related to the terms and amount of consideration for the note repurchase transactions; the impact of the offering and the note repurchase transactions on the market price of Plug Power’s common stock; risks related to the potential dilution to holders of Plug Power's common stock. These and other potential risks and uncertainties that could cause actual results to differ from the results predicted are more fully detailed in Plug Power’s filings and reports with the Securities and Exchange Commission (the “SEC”), including the Annual Report on Form 10-K for the year ended December 31, 2024, the Quarterly Reports on Form 10-Q for the quarters ended March 31, 2025, June 30, 2025 and September 30, 2025, as well as other filings and reports that are filed by Plug Power from time to time with the SEC. These forward-looking statements should not be relied upon as representing Plug Power’s views as of any date subsequent to the date of this press release, and you should not place undue reliance on such statements. Except as required by law, Plug Power undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Media Contact

Teal Hoyos
[email protected]

Analysts expect the Franklin XRP ETF to draw significantly more demand than the Canary XRP ETF (XRPC), given the asset manager’s substantial $1.5 trillion in assets under management. Prominent crypto commentator Jungle Inc Crypto News commented on the significance of the Franklin XRP ETF launch, stating:

“Analysts now project Franklin Templeton’s XRPZ could hit $150M-$250M in DAY ONE volume: as much as 5x the massive debut of Canary’s XRPC ETF. With Franklin entering the arena and several other issuers lining up XRP ETFs, institutional exposure is widening faster than most people realize.”

The crypto commentator underscored the significance of the upcoming sessions, adding:

“The next few weeks will show whether this demand starts to surface – or if the real flow is still ahead of us.”

Franklin XRP ETF’s launch will face heightened scrutiny given November’s $2.58 billion in outflows across BTC-spot ETFs.

Market Structure Bill Edges Closer to Senate Vote
While Franklin XRP ETF-related filings grabbed the headlines, legislative updates from Capitol Hill were also crucial.

Crypto In America host Eleanor Terrett shared the latest developments on the Market Structure Bill, stating:

“Senator Tim Scott, previously mum on the Banking side of market structure, revealed a timeline today: markups and votes in both Banking and AG committees next month, with legislation expected on the Senate floor early next year.”

Why do XRP traders need to closely monitor the Market Structure Bill’s progress on Capitol Hill?

XRP soared 14.69% on July 17 after the House passed the Market Structure Bill to the Senate. Crypto-friendly legislation could follow the launch of XRP-spot ETFs, potentially boosting institutional demand.

Technical Outlook: Key XRP Price Levels
XRP rose 2.49% on Tuesday, November 18, reversing the previous day’s 2.38% loss to close at $2.2179. The token outperformed the broader crypto market, which gained 1.46%.

Despite Tuesday’s recovery, XRP continued trading below the 50-day and 200-day Exponential Moving Averages (EMAs), affirming bearish momentum.

Looking ahead, several price action catalysts could extend the recovery, potentially driving XRP toward $2.5.

Key technical levels to watch include:

Support levels: $2.2, $2.0, and $1.9.
50-day EMA resistance: $2.4726.
200-day EMA resistance: $2.5574.
Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Bitcoin's recent decline has reignited debate about market liquidity and institutional demand, and one of the loudest voices in that conversation is Arthur Hayes — co-founder of BitMEX and longtime macro-focused crypto analyst. Hayes believes Bitcoin could face further pressure as dollar liquidity tightens and exchange-traded fund inflows slow, breaking what he sees as a crucial foundation for sustained institutional participation.

Bitcoin has slipped into a critical danger zone as support levels continue to give way, putting the market on edge. Amid this decisive breakdown, the RSI is quietly flashing a bullish divergence, a subtle but meaningful early signal that momentum may be preparing to shift. The charts now paint a tense picture: bearish pressure remains dominant, but the first signs of a potential turnaround have appeared.

Support Levels Crumble As Bitcoin Extends Its Downtrend
According to an update shared by Crypto Candy on X, Bitcoin continues to break through support levels with little hesitation. The price held the $93,000–$95,000 zone for a brief period, but eventually failed to maintain that structure, triggering another move to the downside. The speed of each breakdown highlights how fragile market sentiment currently is.

With the most recent support now lost, Bitcoin has slipped to lower levels and remains under bearish pressure. If this momentum persists, Crypto Candy noted that the next area of interest lies between $86,000 and $87,500, a major support where buyers may attempt to slow or halt the decline.

BTC eyes brief rebound | Source: Chart from Crypto Candy on X
Should Bitcoin manage to hold within this $86,000–$87,500 range, a short-term reversal becomes possible. Even a modest bounce could provide temporary relief to the broader downtrend. However, such a reaction would still require confirmation before hinting at any sustainable shift in momentum.

If that support fails to hold, Crypto Candy warns that the market could face another steep drop. A continued breakdown would reinforce the ongoing bearish narrative, opening the door for what he described as a “waterfall” scenario. 

Bullish Divergence Emerges On The 4H Chart
Crypto analyst Chad recently noted in an X post that Bitcoin is showing a notable bullish divergence between its price action and the RSI (Relative Strength Index) on the 4-hour chart. This divergence is a technical signal where the price makes a lower low. 

Chad acknowledges that the price is clearly in a short-term downtrend and will need to reverse at some point. While he admits he doesn’t know the exact timing of the reversal, he emphasizes that the bullish divergence is the first positive sign that sellers are losing control and a structural shift may be near.

To officially switch the short-term market structure back to bullish, Chad outlines a simple progression: the price needs to first make a higher high to break the current downtrend, and then confirm that break by establishing a higher low. This sequence is necessary to confirm that buyers have successfully taken over directional control of the price.

BTC trading at $91,376 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pngtree, chart from Tradingview.com

Ethereum price failed to stay above $3,050 and tested $2,950. ETH is now attempting to recover but faces resistance near $3,150.

Ethereum started a fresh decline after it failed to stay above $3,150.
The price is trading below $3,120 and the 100-hourly Simple Moving Average.
There is a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $3,065 zone.

Ethereum Price Attempts Recovery
Ethereum price failed to continue higher above $3,200 and started a fresh decline, like Bitcoin. ETH price dipped below $3,150 and entered a bearish zone.

The decline gathered pace below $3,050 and the price dipped below $3,000. A low was formed at $2,941 and the price is now correcting some losses. There was a move above the 50% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low.

Ethereum price is now trading below $3,120 and the 100-hourly Simple Moving Average. If there is another recovery wave, the price could face resistance near the $3,150 level and the 76.4% Fib retracement level of the recent decline from the $3,217 swing high to the $2,941 low. There is also a key bearish trend line forming with resistance at $3,150 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com
The next key resistance is near the $3,220 level. The first major resistance is near the $3,250 level. A clear move above the $3,250 resistance might send the price toward the $3,320 resistance. An upside break above the $3,320 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $3,150 resistance, it could start a fresh decline. Initial support on the downside is near the $3,065 level. The first major support sits near the $3,020 zone.

A clear move below the $3,020 support might push the price toward the $2,950 support. Any more losses might send the price toward the $2,880 region in the near term. The next key support sits at $2,750 and $2,740.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,065

Major Resistance Level – $3,150

Cover image via www.freepik.com

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.

The market has reached a point at which essentially anything can happen: critical support levels are being tested and a breakdown might launch a massive downslide. Ethereum might lose $3,000, while Shiba Inu is close to becoming critical but is not yet there.

Ethereum's questionable positionThe notion that Ethereum is headed straight for $2,000 seems more and more exaggerated, even in light of the severe decline it has experienced in recent weeks. Yes, there is pressure on the market. Yes, important support levels for ETH have been lost. However, the current structure does not exhibit a collapse toward $2,000 in a straight line. The indicators actually point to more resilience than bears would like to acknowledge. 

According to the chart, Ethereum has already declined from its local peak at about $4,800 to the low of $3,000, rejecting several resistances along the 50-day and 100-day moving averages. The way it is acting now that it is testing the 200-day moving average, however, is more important. This historically significant trend level is in close proximity to ETH, and it has not broken significantly below it. 

HOT Stories

ETH/USDT Chart by TradingViewThe RSI is still close to 32, not quite oversold but very close to it. Throughout 2024 and 2025, ETH has either consolidated or bounced whenever it has reached comparable RSI readings in this range. Instead of a panic-driven meltdown, what we are currently witnessing is a pattern of fatigue. On the sell side, volume is also diminishing. Before a cascading crash, you do not usually see that. 

Rather, if the overall market stabilizes, bulls will have an opportunity to reclaim control as sellers are fading out after heavy distribution earlier. A large amount of ETH is taken out of circulation due to continued high staking participation. In the absence of a total macro breakdown, this makes deep crashes more difficult to maintain.

In a liquidity sweep  ETH might rise to $2,800 or even $2,600. However, a complete decline to $2,000 necessitates a much more drastic change in volume and sentiment than is currently the case.

Shiba Inu shows nothing newAlthough some investors are freaking out, Shiba Inu is back in the $0.000008 range, and this level is far from disastrous. In actuality, SHIB has successfully traded in this region on numerous occasions. The current price is not a startling decline that deviates from past trends. It resembles a return to an area where the asset has demonstrated resilience, consolidation and recovery.

In retrospect, the chart shows that Shiba Inu spent a considerable portion of 2024 and the first part of 2025 below $0.000010 before attempting to rise. The project did not fail during these times, nor did they cause a large number of people to leave the SHIB ecosystem. The token merely went through its normal cycle of volatility. 

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It is now repeating the same action. When taken  consideration, even the recent decline below $0.000009 is not all that bad. SHIB has previously recovered from comparable zones, typically following an accumulation and low-volume trading phase. Declining volume, thinning volatility and no indications of forced capitulation are precisely what we are witnessing right now. Instead of collapsing, this is frequently a setup for stabilization. 

The RSI is currently between 36 and 41, which is close to short-term oversold territory but not quite there. Once more, this is more consistent with a cooling phase rather than a sell-off caused by panic. Additionally, even though volume is lower than in earlier hype waves, SHIB is still trading with strong investor participation, in contrast to tokens that flash crash due to a lack of liquidity or abrupt rug pulls. 

The fact that the 200-day moving average is still much higher than the current price merely indicates that we are in a corrective phase rather than a destructive one. Dog-themed meme coins like SHIB are in high demand both ways. Emotionally, the market may detest this level, but structurally, it is nothing new.

Where Bitcoin stopsNow that Bitcoin has broken well below the psychological $100,000 mark, it is rapidly entering one of the cycle's steepest declines. There is a clear sense of panic sentiment being destroyed, and the liquidation volume might not be completed. Even though this appears brutal, there is a logical level where this crash is likely to find its floor, and it is not a mystery. 

Around $84,273, the crucial local bottom formed earlier this year is the most practical landing zone. Before Bitcoin started to rise again, that level - which had been tested during a previous correction - was firmly maintained as a structural low. Put another way, it is evidence-based support. More significantly, it remains the strongest untested bid wall below the current price because it has not been affected by the recent crash. 

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Bitcoin is currently trading close to $91,000, passing through several significant moving averages, such as the 50-day 100-day and 200-day. The RSI is currently close to 28, which historically corresponds to at least short-term local bottoms, indicating that it is already in deep oversold territory. The sell-off volume is increasing, but there is not yet a capitulation candle. The most technically sound reversal point is $84,273, and if one occurs, it most likely ends between $88,000 and $84,000.

This level is significant because it was the site of the final significant influx of spot buyers. It is not speculative froth but rather a zone that is structurally protected. Long-term owners made purchases there. They have a much higher chance of defending than folding if the price goes back to that level. 

The market enters a completely new phase below $84,000, one in which Bitcoin may break the mid-cycle structure and move toward the 200-week SMA in the coming months. That is not yet the base case and is a much more pessimistic course.

Ethereum investors are finally seeing green.

Ethereum (ETH +3.23%) is rising, up 3.4% in the last 24 hours as of 6:10 p.m. on Tuesday. The move comes as the S&P 500 and the Nasdaq Composite gained 0.9% and 1.3%, respectively.

Crypto traders got some relief today as Ethereum and most of the market turned green, providing a break in the weeks-long sell-off. Yesterday's job numbers from the Federal Reserve Bank of Cleveland sparked raised hopes that another rate cut could be in store.

Today's Change

(

3.23

%) $

97.37

Current Price

$

3113.54

WARN notices near record high
The Worker Adjustment and Retraining Notification Act (WARN) requires that, in the event of mass layoffs or plant closings, workers be given 60 days' notice of their termination. Since 2006, WARN notices have been tracked, providing at least a partial view of the U.S. job market.

Nearly 40,000 WARN notices were issued in October, one of the highest numbers on record.

More cuts could be coming
The numbers are the latest that point to a weakening job market. That could mean the Federal Reserve opts to cut interest rates further in its upcoming meeting in December. Riskier investments, like cryptocurrencies, tend to perform better in low-rate environments.

Image source: Getty Images.

Ethereum is certainly one of the better choices for cryptocurrencies, but its relative stability within the crypto market shouldn't be taken to mean it is low-risk. It is still a cryptocurrency. Still, for investors with higher risk tolerance, Ethereum is a solid addition to a well-diversified portfolio.

Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Ethereum. The Motley Fool has a disclosure policy.

Zcash has staged one of the strongest price recoveries among major altcoins this quarter, rebounding sharply from a deep retracement and pushing back into a decisive uptrend. The privacy-focused asset fell to $424 just one week ago — a 43% drawdown from its recent high — before buyers returned in force and sent ZEC rallying once again.

State lawmakers embrace digital assets to diversify public reserves and pioneer a new model for municipal finance.

Key Takeaways

New Hampshire has approved a $100 million municipal bond backed by Bitcoin, a US first at the state level.
The state has passed a bill that allows the treasurer to invest in digital assets like Bitcoin via a strategic reserve.

New Hampshire has approved a $100 million municipal bond backed by Bitcoin, establishing the first US state-level Bitcoin-backed municipal bond, according to Crypto In America.

The initiative follows New Hampshire’s move earlier in the year to allow its treasury to invest up to 5% of public funds in digital assets, establishing the nation’s first Strategic Bitcoin Reserve. Governor Kelly Ayotte and state lawmakers see the bond as a way to test Bitcoin as high-grade collateral under traditional municipal finance rules.

Fees and potential gains from the collateral will support the state’s Bitcoin Economic Development Fund. If successful, the structure may pave the way for the adoption of crypto-backed debt products.

The development showcases nationwide financial innovation as municipalities explore alternative funding mechanisms for public financing.

Disclaimer

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin has officially erased its 2025 gains, plunging to $90,000 for the first time in seven months and cementing its entry into a full-blown bear market. After hitting an all-time high of over $126,000 just six weeks ago, the world’s largest crypto asset has tumbled more than 28%, erasing over $600 billion in market value.

Related Reading: Circle Reports Q3 Reserve Income Exceeding $700 Million, Teases Native Token Launch

Analysts say this brutal pullback reflects a global retreat from risk. AI stocks, crypto, and other speculative assets have all been hammered as investors grow uneasy over whether the Federal Reserve will deliver a rate cut next month.

Thin liquidity, stemming from the October 10 flash crash, triggered by President Donald Trump’s reignited trade war with China, has only amplified the volatility.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview
Bitcoin Institutional Activity and Market Trend
Institutional outflows haven’t helped either. U.S. spot Bitcoin ETFs have recorded over $3 billion in net withdrawals in just three weeks, while short-term traders and year-end profit-takers add more downward pressure.

With BTC now hovering around $89,500, sentiment has sunk to “extreme fear,” according to the Fear & Greed Index reading of 11.

Nonetheless, some believe the market is nearing exhaustion. Analysts at Bitwise and BitMine argue that Bitcoin is carving out a bottom, calling current levels a rare opportunity for long-term accumulation.

El Salvador Buys the Dip, Again
As panic grips the market, one player isn’t flinching, El Salvador. President Nayib Bukele announced the country’s largest single-day Bitcoin purchase ever, 1,090 BTC worth roughly $100 million, timed with Bitcoin’s drop below $90,000.

This latest buy pushes El Salvador’s total holdings to approximately 7,474 BTC, now valued at around $670 million. The country has also been purchasing 1 BTC per day since November 2022, accumulating more than 1,098 BTC over the past week alone.

But the move raises eyebrows. Under a $1.4 billion loan agreement with the IMF, El Salvador’s public sector is prohibited from buying Bitcoin. Officials have issued conflicting statements, and the IMF has suggested that some “new purchases” may simply be wallet consolidations. Yet Bukele insists the strategy is ongoing and unstoppable.

Right Bet or Risky Gamble?
While El Salvador continues doubling down, adoption inside the country remains low. Surveys show that most Salvadorans still prefer using the U.S. dollar, despite Bitcoin’s legal tender status. Volatility, technical barriers, and limited merchant uptake have slowed everyday use.

Still, Bukele frames Bitcoin as a long-game strategy, one that could position the nation at the forefront of a digital monetary shift. With sovereign players like the Czech National Bank also dipping into Bitcoin, El Salvador’s bold stance may prove visionary… or dangerously premature.

Related Reading: Coinbase Business Debuts In Singapore, Backed By Standard Chartered

For now, Bitcoin sits at a crossroads. Whether this is the start of a deeper reset or a temporary shakeout could define not just the crypto market’s next chapter, but the legacy of the world’s first Bitcoin nation.

Cover image from ChatGPT, BTCUSD chart from Tradingview

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

The debut of Canary Capital’s spot-XRP ETF was one of the standout moments for the XRP community this year, bringing the token into the US ETF arena with strong opening volume and heavy attention from traders. 

Many holders went into launch week expecting that kind of headline event to push XRP into a sharp rally, especially after waiting years for regulated access in the United States. Instead, price action has stayed relatively muted, leaving a gap between expectations and reality. 

In a new 26-minute video shared on X, finance coach Coach JV tried to close that gap, breaking down why XRP has not exploded higher yet and what he believes holders should actually focus on.

Coach JV Puts XRP In A Macroeconomic Perspective
XRP’s Spot ETF has undoubtedly been a success, considering the amount of inflows it has had in its first two trading days. However, this has yet to translate into a surge in the price of XRP, as many traders had predicted and expected.

Instead, XRP’s price action has been highlighted by a downtrend in recent days. A large part of this price downtrend is due to the wider decline in the crypto market.

In his breakdown, Coach JV approached the XRP situation from a macroeconomic perspective. Rather than treating the ETF launch as an isolated trigger, he contextualized XRP’s current price behavior within the larger environment that financial markets are dealing with. 

A major theme of his outlook was the way people respond to hype. Coach JV stated plainly that the only way is to have discipline and a consistent plan. He did not build his message around chasing short-term excitement or reacting emotionally to price moves.

His focus was on having a structure that an individual can stick to, regardless of whether XRP moves fast after the ETF launch or takes longer than many were expecting.

Is $5 Next? I Don’t Know
Coach JV also addressed one of the most common questions circulating in the community: whether $5 is the next big target for XRP now that an ETF is live. 

“Is $5 next? I don’t know; I’m not banking on that, I’m not waiting for it, I believe it’s going to happen at some point, and I have my exit strategy set up,” he said.

That tone is now being echoed by others in the community who are pushing back against unrealistic targets. Zach Rector recently reminded his audience that XRP is not heading toward triple-digit prices this year, despite widespread speculation. 

Another commentator, known as Xoom on X, made a similar remark, saying XRP will not reach $100 or even $10 on ETF momentum alone.

At the time of writing, XRP is trading at $2.18, down by 3.5% in the past 24 hours. It is still too early to conclude how much long-term influence Spot XRP ETFs will have on price, especially with major issuers such as BlackRock, Fidelity, and Grayscale yet to launch their own offerings.

XRP trading at $2.18 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

Regulated solana momentum accelerates as Fidelity and Canary Capital ETFs start trading with staking-enabled designs that broaden investor access to network rewards, strengthen institutional engagement, and highlight rising adoption across blockchain ecosystems amid yield-driven demand.

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A Cardano holder has experienced a staggering financial blow this week, losing over $6 million worth of ADA in just minutes due to on-chain liquidity issues. The funds, which had been sitting dormant for nearly five years, vanished almost instantly during the massive swap. The incident raises alarm regarding the risks involved in using Decentralized Exchanges (DEXs) and the importance of understanding liquidity and slippage before executing large trades. 

Cardano Holder Loses Over $6 Million ADA In Minutes
A new report from a famous on-chain sleuth, ZachXBT, revealed a jaw-dropping loss for a Cardano investor. The user had swapped 14.4 million ADA, valued at approximately $6.9 million, for 847,000 USDA, a stablecoin pegged to ADA.  The transaction occurred just two hours before the report became public, revealing that the investor had lost approximately $6.05 million, wiping out more than 80% of his initial investment. 

ZachXBT has said that the dramatic loss was likely due to extremely thin liquidity in the trading pool, which caused the price of ADA to spike temporarily during the swap. Vladimir S., a threat researcher who shared ZachXBT’s findings on X from his Telegram group, speculated that the Decentralized Exchange interface where the transaction occurred probably did not provide clear, low-liquidity warnings for a swap of that magnitude. 

Source: Chart from ZachXBT on X
Vladimir suggested that an Over-The-Counter (OTC) deal would have been a much safer alternative for a $6.9 million ADA swap. Notably, this case highlights how even long-term crypto holders can suffer major losses when they do not fully understand how DEXs work.

Community Weighs In On Liquidity Issues And Slippage Warnings
ZachXBT’s report sparked extensive discussions among crypto traders and analysts, who pointed out that the $6.9 million ADA swap carried a staggering high price impact of 87.433%. Many in the community noted that the transaction was executed on the Minswap DEX, where users are required to actively acknowledge and consent to high slippage warnings to confirm trades.

Some members argued that the $6.05 million loss could have been avoided if the user paid attention to the interface and the obvious warnings displayed for transactions exceeding typical slippage thresholds. Responding to Vladimir’s speculation about a lack of clear liquidity warnings, other community members confirmed that Minswap always provides visible alerts for low liquidity swaps. Large slippage percentages, typically above 3-5%, are displayed in bright red texts, making it almost impossible for traders to miss. 

Some observers suggested that the Cardano holder may have misunderstood the interface, possibly due to language barriers or a lack of familiarity with decentralized finance mechanisms. Regardless of the reasons, this incident serves as a clear reminder for crypto users to pay attention to liquidity and slippage alerts when executing high-value swaps.

ADA trading at $0.46 on the 1D chart | Source: ADAUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
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Journalist

Posted: November 19, 2025

Key takeaways
Is Cardano’s ADA nearing a rebound zone?
ADA wallets are down 19.7%, pushing the token into an extreme buy zone.

When will Midnight’s NIGHT token officially launch?
NIGHT will go live on the 8th of December.

Cardano [ADA] keeps getting knocked down, only to claw its way back up.

A long-awaited token launch is finally locked in, even as ADA holders face some of the toughest returns of the season. What could happen next?

NIGHT gets an official launch date
Cardano founder Charles Hoskinson has finally confirmed when Midnight’s native token, NIGHT, will go live: the 8th of December.

On that day, the team will distribute the token and exchanges will open trading and support at the same time.

The announcement came during Hoskinson’s keynote at The Midnight Summit.

Source: X

Midnight has become one of Cardano’s most closely watched initiatives, due to its focus on privacy-friendly smart contracts and secure data sharing.

As part of his address, Hoskinson stressed that privacy will be a core requirement for future blockchain use.

This stance will likely push Midnight to become a bridge between social blockchains, real-world applications, and even potential cross-ecosystem collaboration.

ADA slips into an extreme buy zone
While Midnight prepares for its token launch, ADA is sitting at one of its weakest levels in months.

Santiment data shows that wallets active in the last 30 days are down 19.7%, putting Cardano deep in the “extreme buy zone.”

The chart shows ADA falling harder than most major assets, even though Chainlink [LINK], Ethereum [ETH], and Ripple’s XRP [XRP] also have double-digit losses.

Source: Santiment

Bitcoin [BTC] is down too, but it’s still holding in the milder “good buy zone.” With trader losses hitting major extremes, ADA is now at a level where past cycles often started to recover.

ADA looks weak
The token was trading around $0.46 at press time, after a steady string of red candles. All major EMAs were far above the current price, showing a clearly bearish trend.

Source: TradingView

The RSI meant ADA was close to oversold territory, while the MACD was in negative territory with no signs of a reversal at the time of writing.

Even though buyers stepped in briefly with a volume uptick, momentum remained weak overall. For now, ADA needs stronger demand before any meaningful recovery can happen.

Dogecoin investors may have gotten some new macroeconomic data that bodes well for the token's near-term performance.

Dogecoin (DOGE +5.21%) has been moving higher in Tuesday's trading. The cryptocurrency was up 6.1% over the previous 24 hours as of 9 p.m. ET.

After big sell-offs yesterday, Dogecoin has been surging today in response to some new macroeconomic data. With today's big rebound, the meme coin has cut its valuation slide over the last week of trading to 6.8%.

Image source: Getty Images.

Dogecoin rises on new layoffs data
The Federal Reserve Bank of Cleveland published a new report today showing that 39,006 U.S. workers across 21 states received a Worker Adjustment Retraining Notification Act (WARN) notifying them of an upcoming layoff. While news of rising layoffs is a concerning indicator for the broader economy, a weakening jobs market increases the likelihood that the Federal Reserve will cut interest rates next month in order to bolster economic activity.

Today's Change

(

5.21

%) $

0.01

Current Price

$

0.16

What comes next for Dogecoin?
The Federal Open Market Committee (FOMC) will meet on Dec. 9 and Dec. 10, and the 12-member Fed committee will vote on whether or not to cut interest rates again this year. Following the new WARN report from the Federal Bank of Cleveland, the estimated probability of a rate cut surveyed by CME Group ticked up to 53.4% -- up from its previous reading of 46.6%. A reduction of interest rates would likely be a positive catalyst for Dogecoin and other cryptocurrencies, but other macroeconomic factors and valuation dynamics will also continue to play a role shaping the popular meme coin's token price.

Keith Noonan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Shares in Canaan surged on Tuesday after the Bitcoin mining hardware maker reported its third-quarter revenues doubled from last year, driven by a high demand for equipment as multiple miners saw revenues increase.

Canaan said on Tuesday that its total Q3 revenues increased 104% from last year to $150.5 million due to a “substantial volume of new orders,” with its mining equipment revenues making up the lion’s share at $118.6 million.

James Jin Cheng, the miner’s chief financial officer, said in the company’s earnings call that a large number of sales came from clients in the US, who “started actively placing sizable and repeating orders.”

“Sales of North American customers contributed 31% of our total revenue in quarter three. We are happy to witness the strong demand recovery of the North American market,” he added.

Source: CanaanOther miners have also been reporting strong earnings. HIVE Digital reported a 285% earnings increase on Monday, while BitFuFu doubled its third-quarter revenue off the back of demand for cloud mining and equipment as miners sought to capitalize on the rising price of Bitcoin.

Canaan shares jump on earningsShares in Canaan (CAN) closed trading on Tuesday up nearly 21% to $1.03 on the company’s earnings, with gains extending by nearly 2% after the bell to $1.05.

Canaan’s stock rose after its Q3 earnings report on Tuesday.. Source: Google Finance Canaan’s stock is down nearly 50% this year as many Bitcoin miners have pivoted to powering artificial intelligence, as the cost and difficulty of mining have increased while Bitcoin’s price has fallen.

The company reported it made $30 million in mining revenue over Q3, up 241% year over year, and a net loss of $27 million compared to $75 million a year ago.

Canaan mined 267 Bitcoin (BTC) at an average revenue of $114,485 per coin and increased its holdings to 1,610 Bitcoin by the end of October.

CEO pitches Bitcoin mining as the best way to earnCanaan CEO Nangeng Zhang told investors on an earnings call that some miners facing balance sheet pressure and share price performance issues are shifting toward AI, reducing mining operations over the medium term.

However, he still thinks Bitcoin mining is a viable option while the transition is underway, because the deployment of AI infrastructure takes time.

“Our customers, including ourselves, are thinking about how to build AI-ready mining facilities for the future,” he said. “At this stage, deploying more Bitcoin miners is still the best way to allocate energy today and generate revenues from this date, not waiting for another one or two or three years.”

Magazine: Big Questions: Did a time-traveling AI invent Bitcoin?

Bitcoin price found support near $89,250. BTC is now correcting some losses but faces many hurdles near $93,500 and $94,200.

Bitcoin started a fresh decline below $94,000 and $93,500.
The price is trading below $93,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it settles below the $90,700 zone.

Bitcoin Price Attempts Recovery
Bitcoin price failed to stay in a positive zone above the $92,500 level. BTC bears remained active below $92,500 and pushed the price lower.

The bears gained strength and were able to push the price below the $90,000 zone. A low was formed at $89,252, and the price is now attempting a recovery wave. There was a move above the 50% Fib retracement level of the recent decline from the $95,888 swing high to the $89,252 low.

Bitcoin is now trading below $94,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $94,200 on the hourly chart of the BTC/USD pair.

If the bulls attempt another recovery wave, the price could face resistance near the $93,350 level and the 61.8% Fib retracement level of the recent decline from the $95,888 swing high to the $89,252 low. The first key resistance is near the $94,200 level and the trend line.

Source: BTCUSD on TradingView.com
The next resistance could be $95,000. A close above the $95,000 resistance might send the price further higher. In the stated case, the price could rise and test the $95,500 resistance. Any more gains might send the price toward the $96,500 level. The next barrier for the bulls could be $96,800 and $97,000.

Another Decline In BTC?
If Bitcoin fails to rise above the $94,200 resistance zone, it could start another decline. Immediate support is near the $91,500 level. The first major support is near the $90,700 level.

The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,800 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $91,500, followed by $90,700.

Major Resistance Levels – $93,250 and $94,200.

The crypto market is showing signs of life again after a dramatic shakeout earlier today. Bitcoin, which briefly fell below $90,000 for the first time in seven months, has bounced back toward the $94,000 zone. The recovery comes as the broader market turns slightly positive, with global crypto market capitalization rising 1.4 percent to $3.16 trillion.

Most altcoins are trading in the green, including Ethereum, XRP, Solana, Cardano, Dogecoin and BNB. The rebound follows a wave of volatility triggered by heavy liquidations, a macro-driven sell-off in tech stocks, and speculation surrounding political and regulatory risks.

Bitcoin Reclaims Ground After Liquidations

Bitcoin is now trading near $92,500 after recovering from its morning low of $89,000. Analysts say the plunge was driven by forced liquidations and investors fleeing risk assets. More than $620 million in positions were wiped out in 24 hours as BTC tested key support.

Despite the panic, Bitcoin quickly stabilized. Traders point out that BTC’s earlier fall mirrored this month’s broad sell-off in AI-related tech stocks, suggesting a shift toward “risk-off” behavior in global markets.

Ethereum and XRP Follow the Bounce

Ethereum is up around $3,110 with a 3% gain in the past day, while XRP trades near $2.21 after rising more than 3 percent. XRP’s move follows strong interest in the newly launched spot XRP ETF in the U.S., which recorded nearly $60 million in first-day volume, this year’s highest opening for any ETF.

Altcoins including Solana, TRON, Dogecoin and Cardano have also turned positive after the early-morning chaos.

Why the Market Dropped And Why It’s Recovering

Experts say the downturn was caused by a mix of macro stress and crypto-specific pressure:

• Investors dumped speculative tech and crypto assets as markets weakened.
• U.S. senators demanded an investigation into World Liberty Financial over alleged token ties to North Korea and Russia.
• Rising token supply, new listings, and the growth of memecoin markets added downward pressure.
• Expectations shifted around how much the U.S. Federal Reserve might ease rates.

But the quick rebound shows that underlying interest in digital assets remains strong. 

ETF Growth Adds Support Across the Market

New spot ETFs, including XRP, Litecoin and upcoming Avalanche products, are giving both institutions and retail investors more ways to enter the market. This increased access is helping stabilize prices during moments of panic.

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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November 18, 2025 7:40 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 18, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the "Class Period") of the important December 23, 2025 lead plaintiff deadline.

SO WHAT: If you purchased James Hardie common stock 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 James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 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 December 23, 2025. 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, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were "normal." When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 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, 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/275000

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.

By

PYMNTS
 | 
November 18, 2025

 | 

Another lawsuit has reportedly been filed in a dispute between the Federal Deposit Insurance Corporation (FDIC) and Capital One over how much the bank should pay to help bail out depositors of two financial institutions that failed in 2023: Silicon Valley Bank and Signature Bank.

The FDIC filed a lawsuit Monday (Nov. 17) alleging that Capital One paid nearly $100 million less than it should have to help with the bailout, Reuters reported Tuesday (Nov. 18).

The regulator said in its suit that Capital One underreported its uninsured deposits by excluding a $56 billion position between two subsidiaries, according to the report.

The FDIC uses deposit data to calculate the special assessments it charges banks to replenish its deposit insurance fund after bank failures, the report said.

The regulator alleged in its suit that Capital One’s exclusion of those uninsured deposits resulted in the bank calculating a special assessment at $324.84 million rather than the correct $474.08 million, per the report.

Capital One did not immediately reply to PYMNTS’ request for comment.

Advertisement: Scroll to Continue

It was reported in September that Capital One sued the FDIC, alleging that the regulator overcharged the bank by $149.2 million during the special assessment.

Capital One alleged in its complaint that the FDIC inflated the assessment by incorrectly counting the $56.2 billion of positions between the bank’s subsidiaries as uninsured deposits.

The bank also said in its complaint that it had communicated with the FDIC about this issue for two years but that the regulated continued to seek the special assessment “based on its erroneous calculation.”

The FDIC announced in May 2023 that it planned to extract $15.8 billion in extra fees over two years to recoup its losses after the rescues of Silicon Valley Bank and Signature Bank.

The regulator said 113 banks would pay this special assessment, starting in early 2024, with those that have at least $50 billion in assets covering 95% of the cost. Banks with less than $5 billion in assets were exempt from the assessment.

The FDIC also said in May 2023 that the banking crisis had strained the government’s deposit insurance fund.

Solana Company (HSDT) Q3 2025 Earnings Call November 18, 2025 4:30 PM EST

Company Participants

Choon Wee Chee - Executive Chairman
Cosmo Jiang
Dane Andreeff - President, CEO & Director
Jeff Mathiesen - CFO, Treasurer & Secretary

Presentation

Operator

Hello, and thank you for standing by. Welcome to Solana Company's Third Quarter Operating Results Conference Call. [Operator Instructions] I would now like to hand the conference over to Sarina Jassy, Investor Relations. You may begin.

Unknown Attendee

Thank you, operator. Before we begin, I would like to inform you that comments and responses to your questions during today's call reflect management's views as of today, November 18, 2025, only, and will include forward-looking statements and opinion statements, including predictions, estimates, plans, expectations and other similar information. Actual results may differ materially from those expressed or implied as a result of certain risks and uncertainties. These risks and uncertainties are more fully described in our press release issued earlier today and in the section entitled Risk Factors annual report on Form 10-K filed with the United States Securities and Exchange Commission or the SEC, on March 25, 2025, and in other subsequent filings with the SEC. Our SEC filings can be found on our website or on the SEC's website.

Investors are cautioned not to place undue reliance on forward-looking statements. We disclaim any obligation to update or revise these forward-looking statements. Please note that this conference call will be available for audio replay on our website under the News and Events section of our Investor Relations page.

With that, I would now like to turn the call over to Solana Company's Executive Chairman, Joseph Chee.

Choon Wee Chee
Executive Chairman

Thank you. Good morning, everyone, and welcome to our first earnings call since that we successfully raised over $500 million to fund our digital asset

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