Market Signal Briefing

The privacy narrative began to gain traction in September, strengthening in October.

Analysts at Noble Capital Markets have repeated their ‘Outperform’ rating on Bit Digital Inc (NASDAQ:BTBT) following its latest quarterly results, which marked the company’s first full reporting period as an Ethereum (ETH)-focused treasury and staking operation.

Their price target of $5.50 implies upside of about 140% from current levels.

The broker noted that Bit Digital continued to rapidly expand its ETH position during the period, holding roughly 122,000 ETH at the end of September and more than 153,000 ETH by the end of October, a fivefold increase since June.

Revenue for the third quarter came in at $30.5 million, compared with $22.7 million in the same period last year and just below Noble’s $31.6 million estimate.

Staking revenue rose significantly to about $2.9 million, up from $400,000 in the prior quarter, supported by higher ETH holdings and improved yield conditions.

A $168 million digital asset valuation gain contributed to reported net income of $150.9 million, or $0.47 per share.

Noble said its forecast had assumed a breakeven quarter excluding mark-to-market effects.

The company ended the period with approximately $179 million in cash and cash equivalents and about $424 million in digital assets, almost entirely Ethereum, bringing total liquidity to around $620 million. About $166 million of that total was held at the WhiteFiber subsidiary level.

After quarter-end, Bit Digital completed a $150 million offering of 4% convertible notes due 2030, and the analysts noted management’s intention to maintain leverage below 20% of ETH holdings.

The analysts also noted that Bit Digital continued to wind down its Bitcoin mining operations, producing 65 Bitcoin in the quarter, down from 83 in the second quarter.

Mining gross margin improved to roughly 32%, the highest since the recent halving, reflecting better fleet efficiency. The company reported an active hash rate of approximately 1.9 EH/s at the end of September, with average efficiency of about 22 j/TH.

General and administrative expenses increased to $33.1 million, compared with $19.7 million in the previous quarter and $13.7 million a year ago.

“The increase primarily reflects higher share-based compensation and consulting costs related to the WhiteFiber IPO and transition,” Noble noted. “Standalone Bit Digital G&A is expected to be normalized as non-recurring costs fall off and once WhiteFiber-related costs are fully separated.”

Bitcoin just watched new investors dump 148,000 coins as the price cracked below $100,000, bleeding through key cost bases. Now, as that capitulation hits the tape, long-term cycle signals and on-chain bands line up to test how deep this reset can go.

Retail Bitcoin Holders Dump 148K BTC as Price Breaks Below Key Cost BasesRetail-linked Bitcoin holders dumped about 148,241 BTC at a loss on Nov. 14 as the price slid below $100,000 and under several realized price bands, according to on-chain data from CryptoQuant.

Holders Net Daily Change. Source: CryptoQuant

The metrics show that wallets often associated with newer or smaller investors, grouped as holders with less than 1 million BTC, turned sharply net negative on the day. The selling hit while Bitcoin traded near $96,853, well below the group’s estimated cost basis between roughly $102,000 and $107,000. The move marked one of the largest single-day net outflows for these addresses in recent months.

At the same time, realized price curves for younger UTXO age bands flipped above spot. The realized prices for coins held between one day and one week, one week and one month, and up to one year now stand higher than the market price. That structure indicates that many recent buyers are underwater, a condition that often coincides with heavier pressure from short-term holders.

Bitcoin Realized Price UTXO Age Bands. Source: CryptoQuant/X

The break of the $100,000 level added a psychological layer to the on-chain stress. Once spot fell through both the round-number mark and the realized ranges of recent entrants, selling accelerated as investors moved to cut losses. The outflow reflects a wave of capitulation from buyers who entered near the peak and chose to exit rather than face a deeper drawdown.

Despite the pain for those sellers, the same data set shows that other market participants absorbed the coins. The transfer from short-term, loss-making holders to counterparties still willing to buy below $100,000 highlights a shift in ownership as Bitcoin tests new support levels after the flush.

Bitcoin Tests Cycle Markers as Price Falls Below Key BandsBitcoin is moving through levels that previously marked the end of major market cycles, according to new chart data shared by Mister Crypto and Glassnode analyst Ali. As price trades under $98,650, both long-term technical patterns and MVRV deviation bands highlight support zones that historically defined cyclical bottoms.

Mister Crypto’s visual comparison shows the same signal repeating at the close of the 2014, 2017, and 2021 cycles: a monthly death cross between the 20-month and 50-month moving averages. Each occurrence aligned with a prolonged downturn before markets reset. The 2025 chart now shows the same cross forming again as Bitcoin pulls back from its recent peak, placing the current correction in line with prior cycle-end structures.

Bitcoin Cycle Death Cross. Source: Mister Crypto

At the same time, on-chain data from Glassnode shows price slipping below the mean MVRV deviation band at $98,650. Once that band breaks, the next statistically defined levels sit at $75,740, $56,160, and $52,820. Those ranges mark deeper points where market value historically reconnected with realized fundamentals during extended corrections. As of Nov. 16, Bitcoin trades near $94,394, while realized price stands at about $56,156.

Bitcoin MVRV Extreme Deviation Pricing Bands. Source: Glassnode, Ali Charts

Together, the long-term moving-average cross and MVRV deviation markers indicate that Bitcoin is entering the same technical environment that shaped previous four-year cycle resets. The data shows price now navigating zones that have repeatedly acted as structural support when prior bull markets transitioned into consolidation phases.

According to onchain analyst ZachXBT, one Cardano user watched $6.05 million worth of cardano ( ADA) vanish while trying to swap into a stablecoin called USDA. With liquidity running on fumes, the stablecoin's price shot to absurd highs, turning a routine trade into a very expensive lesson.

Power markets are starting to price Bitcoin mining that can switch on and off as a grid service.

Curtailment remains elevated in regions with high renewable penetration, and short scarcity bursts continue to set value for fast demand reduction, which creates room for load that soaks midday surplus and idles during tight hours.

According to the California Independent System Operator, 179,640 megawatt-hours (MWh) of wind and solar energy were curtailed in September 2025. Market data in Europe and Asia show wider windows of negative or low daytime prices, which strengthens the case for flexible demand to complement storage and transmission buildouts.

Even after the recent crash, today’s spot hashprice is roughly $39/PH/day, and mining revenue continues to exceed typical power costs for well-managed fleets using efficient hardware and favourable power contracts.

This suggests the economic lane for demand-response (i.e., flexibly scaling operations around power pricing) remains open rather than closing.

That said, fleets with higher power costs or less efficient machines will face tighter margins, especially given the recent drop in BTC prices.

According to Hashrate Index, the six-month forward average is expected to dip to around $35 by April next year.

Bitcoin hashprice (Source: Hashprice Index)More intuitively, a 17.5 J/TH machine draws roughly 17.5 kW per PH. That means each PH consumes about 0.42 MWh per day, so a $39 hashprice equates to roughly $93/MWh in gross revenue.

That breakeven band sets the “max price to run” (before accounting for ancillary payments or hedging strategies that may justify running above that level.)

Loads can run below the threshold and should sell flexibility or switch off above it.

To make the comparison explicit, the table below shows a simplified view of miner gross revenue per MWh across two reference hashprices at a common modern efficiency.

Efficiency (J/TH)Hashprice ($/PH·day)Gross revenue ($/MWh)Implied breakeven power price ($/MWh) before opex17.539≈93≈9317.535≈83≈83After accounting for typical site overhead, cooling losses, and pool fees, the practical cutoff for many miners is closer to $70–$85 per MWh. Above that band, fleets begin shutting down unless they have unusually efficient hardware or hedged power.

Flexible load is not only an energy buyer, but it can also be a reliability product.ERCOT allows qualified Controllable Load Resources to participate in real-time and ancillary markets, paying the same clearing price as generation for Regulation, ECRS, and Non-Spin services.

That framework pays mines for fast load reductions during scarcity in addition to the avoided cost of not running at high prices. ERCOT’s market design keeps scarcity events sharp but bounded, with a system-wide offer cap at $5,000 per MWh and an Emergency Pricing Program that lowers the cap to $2,000 per MWh after 12 hours at the high cap within 24 hours.

This preserves acute price signals while limiting tail risk, which supports the economics of price-responsive curtailment.

Policy is shifting from permissive to performance based, and Texas is the test case. Texas Senate Bill 6, enacted in 2025, directs PUCT and ERCOT to tighten interconnection and require participation in curtailment or demand management for specific large loads of 75 MW and above, and to review netting when large loads co-locate with generation.

According to McGuireWoods, rulemakings are underway, and the direction is toward clearer expectations for response capability, telemetry, and interconnection staging. Baker Botts notes that behind-the-meter netting and generator–load co-location will draw added scrutiny, which matters for sites paired with gas peakers that seek rapid curtailment and faster interconnection timelines.

The practical response may be modular footprints and staged buildouts that either remain below the statutory threshold or deploy capacity in tranches with explicit demand-response commitments.

Operations will also change as market plumbing evolves. ERCOT plans to move real-time to RTC+B on Dec. 5, 2025, which improves dispatch granularity and should benefit fast load that can follow sub-hourly signals.

Potomac Economics has documented how ORDC scarcity adders and brief real-time spikes concentrate a large share of economics into a small set of hours. That is where controllable demand can earn by dropping when prices climb and by selling ancillary capability across the rest of the day.

The global picture points in the same direction.Japan’s renewable curtailments rose 38% year over year to 1.77 TWh in the first eight months of 2025 as nuclear restarts reduced flexibility.

China’s first-half 2025 curtailment rates climbed to 6.6% for solar and 5.7% for wind as new builds outpaced grid integration. Gridcog’s analysis shows the spread and depth of negative prices across European midday hours, reinforcing that the “duck-curve dividend” is no longer a California-only feature.

In the United States, wholesale averages trend higher in 2025 in most regions, yet volatility persists. That leaves value in price-responsive curtailment even where energy-only averages appear tame.

Project archetypes reflect these incentives. A roughly 25 MW modular mining site powered by flared gas reached full energization in April 2025, according to Data Center Dynamics, illustrating a waste-to-work pathway that converts otherwise flared gas into power for curtailable demand.

CAISO’s recurring midday curtailment strengthens the case for renewable co-location with load that runs through surplus hours and idles at evening peaks. Gas-peaker co-location remains relevant in markets with rapid ramping needs, although SB6 requires projects to plan for telemetry and netting requirements during interconnection.

Hardware and environmental policy shape the capex and off-grid thesis from another angle. The United States doubled Section 301 tariffs on certain Chinese semiconductors to 50% in 2025, raising the prospect that ASIC import costs rise materially depending on classification.

The Inflation Reduction Act’s Waste Emissions Charge for methane ramps from $900 per ton in 2024 to $1,200 in 2025 and $1,500 in 2026, although implementation has been contested. Regional hashrate placement will reflect these cross-currents.

Cambridge’s 2025 industry report shows the United States as the center of gravity, with surveyed firms representing nearly half of implied network hashrate.

New ultra-large sites in ERCOT face higher process overhead and explicit performance obligations, which can steer incremental growth toward modular builds, SPP and MISO South, Canada, or off-grid gas until interconnection timelines and rule clarity catch up.

For miners and grids, the math is simple, then the details matter.Revenue per MWh is a function of hashprice and efficiency, so the run-price threshold moves with Luxor’s curve and fleet mix.

Uptime becomes a choice variable, not a constraint, as long as curtailment aligns with high-price intervals and ancillary capacity offers are qualified and dispatched.

The operational playbook is to submit load as a controllable resource, earn when the grid is tight by dropping, and run when energy is cheap enough to beat the marginal run price.

In markets where midday surplus is routine, curtailment stops being waste and becomes the runway for demand that can be dispatched like generation.

4 minutes ago

With higher yields and flexible deposits, Aave’s new app marks a deeper move into the consumer banking terrain as inflation drives demand for better savings tools.

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Aave, a popular decentralized finance (DeFi) protocol, has unveiled a new savings app that offers higher-yield deposit options and real-time interest tracking for retail users.

According to a Monday blog post, the Aave App will offer 5% to 9% APY and show interest accrual in real time. The app includes up to $1 million in balance protection, lets users model potential earnings and supports recurring deposits.

The app accepts deposits from thousands of banks, debit cards and supported stablecoins, and offers instant withdrawals with no waiting period. A waitlist is currently open for early access.

Aave claims the new app is designed to rival banks and mobile savings tools, which it argues typically offer rates from 0.4% to 4% APY on high-yield accounts and “barely keep up with inflation.”

Aave is a decentralized finance protocol that facilitates lending and borrowing of crypto assets through smart contracts on the Ethereum network. It was launched as ETHLend in November 2017 and rebranded to Aave in September 2018. 

Crypto is coming for traditional banksOnchain researcher Willy Woo recently argued on X that the traditional fiat system operates like an annual “wealth tax,” estimating long-term dollar debasement at approximately 6.9% per year and pointing to a 40% increase in the money supply from 2020 to 2022 during the COVID-19 period.

Source: Willy WooOne way crypto is competing with traditional banks and helping individuals fight inflation is by offering users high yields on stablecoins. Although the US GENIUS Act banned yield-bearing stablecoins, it did not prohibit third-party platforms from offering yield products built on top of them.

In September, Coinbase partnered with Morpho DeFi lending protocol to offer users up to 10.8% on their USDC (USDC) stablecoin holdings. The exchange was already paying users 4.5% APY in rewards for holding USDC on the platform. 

Later that month, Coinbase CEO Brian Armstrong said the company intends to develop a full-service crypto “super app” that could eventually replace many traditional banking functions.

In October, Crypto.com also partnered with Morpho to offer users stablecoin-lending vaults on the Cronos chain, allowing deposits of wrapped Ether (ETH) or Bitcoin (BTC) to earn yield through Morpho’s DeFi markets.

Traditional banks are fighting back. On Nov. 5, several banking groups urged the Treasury to apply the stablecoin interest ban to digital asset platforms as well, including exchanges and related service providers.

Magazine: 2026 is the year of pragmatic privacy in crypto: Canton, Zcash and more

Harvard University’s endowment has been quietly and massively increasing its Bitcoin holdings. 

The university bought more than 6.8 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of September 30. The investment is valued at $442.8 million.

This marks a 257% increase from Harvard’s previous holding of 1.9 million shares, worth $116.6 million. The move makes IBIT Harvard’s largest publicly disclosed position. It is also the biggest single-quarter increase in its holdings, according the the filing. 

Harvard Management Company runs the university’s $57 billion endowment. The Bitcoin ETF now represents just under 1% of total endowment assets. 

Bloomberg ETF analyst Eric Balchunas said it is “super rare” for a university to invest in an ETF. He added that the stake is “as good a validation as an ETF can get.”

Despite Bitcoin’s recent price drop below $93,000, the move signals growing institutional acceptance. IBIT remains the world’s largest spot Bitcoin ETF, with nearly $75 billion in net assets.

Harvard also increased its gold exposure. The endowment nearly doubled its holding in SPDR Gold Shares (GLD) to 661,391 shares, worth $235.1 million. 

Other major holdings remain in U.S. tech companies, including Amazon, Microsoft, Meta, and Alphabet. The endowment also added positions in Klarna ($16.8 million) and Taiwan Semiconductor ($59.1 million).

The increase in Bitcoin and gold allocations highlights Harvard’s focus on portfolio diversification. Analysts see this as part of a wider institutional trend. Bitwise analyst Ryan Rasmussen said the stake may grow to 1% or even 5% as peer institutions follow.

Institutions other then Harvard are buying Bitcoin Other institutions are also increasing Bitcoin ETF exposure. Emory University disclosed a 91% increase in its Grayscale Bitcoin Mini Trust ETF holdings, totaling over $42 million.

An Abu Dhabi sovereign wealth fund, Al Warda Investments, reported a 230% increase in IBIT holdings, now valued at $517.6 million.

Harvard’s Bitcoin move is rare but significant. Institutional investors traditionally avoid ETFs, preferring private equity, real estate, or direct investments. 

The university’s entry could encourage similar strategies across other endowments, pension funds, and sovereign wealth funds.

At the time of writing, Bitcoin’s price is nearing $92,000, putting it almost 30% below its all-time high near $126,000 — a level referenced in earlier market coverage. The drop follows weeks of sharp selling, with BTC sliding from the mid-110,000s — where it was trading when panic hit and rumors swirled about large institutional outflows — to its current lows.

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Key NotesFidelity submitted Form 8-A for its Solana spot ETF, typically the final step before trading begins within 24 hours.Pump.fun revenue exceeded $900 million, highlighting strong ecosystem activity despite recent market weakness.SOL tests the 100-week SMA at $164.71 with RSI at 38.41, approaching oversold territory as bulls seek re-entry.
Solana

SOL
$130.0

24h volatility:
5.2%

Market cap:
$72.18 B

Vol. 24h:
$7.24 B

price held steady around $134 on Nov. 17, limiting losses to under 1.5% as global crypto markets opened lower. Traders positioned cautiously ahead of Nov. 18’s high-stakes US congressional vote, where political tensions continued to mount on President Donald Trump with allegations surrounding links to ongoing investigations into Jeffery Epstein.

Despite the macro headwinds, Solana avoided deeper losses, supported by bullish internal ecosystem updates that helped balance sentiment.

A positive catalyst emerged early Nov. 17, as Fidelity Investments, managing $6.4 trillion in assets, filed a Form 8-A with the US SEC for its Solana spot ETF. The filing represents the final administrative step typically submitted immediately before a product begins trading. Historically, 8-A filings are followed by ETF listing activity within 24 hours, signaling that Fidelity’s Solana fund is likely to debut imminently. The firm’s Bitcoin

BTC
$91 814

24h volatility:
2.3%

Market cap:
$1.83 T

Vol. 24h:
$90.69 B

and Ethereum

ETH
$2 987

24h volatility:
3.3%

Market cap:
$360.48 B

Vol. 24h:
$37.37 B

spot ETF currently hold $11.9 billion and $2.5 billion respectively, according to FarsideInvestors data.

Fidelity joins Bitwise (BSOL) and Grayscale (GSOL), both of which received approval for their Solana ETFs late last month. As of press time, BSOL holds $357.8 million in SOL while GSOL manages $24.4 million. Since trading began on Oct. 29, neither ETF has reported a single day of net outflows as whale investors opt to capitalize on Solana’s attractive yield amid the recent market turbulence.

Further boosting Solana’s intraday rebound prospects, community tracker Solana Floor reported that Pump.fun surpassed $900 million in all-time revenue. The token generation platform, launched in January 2024, produced viral meme-driven projects like Fartcoin, Moo, and Peanut the Squirrel, each reaching billion-dollar market caps within months of launch.

🚨NEW: @pumpfun has surpassed $900M in cumulative revenue since launch. pic.twitter.com/Xd4ZbPKmhT

— SolanaFloor (@SolanaFloor) November 17, 2025

Solana Price Forecast: SOL Tests 100-Day SMA as Momentum Weakens but Buyers Seek Re-Entry Zone
Solana trades at $132.91, sitting just above the 100-week SMA at $164.71 which it lost last week and is now attempting to reclaim. Price remains below the 50-week SMA at $176.55, a key rejection point throughout October. A recovery above this level would mark the first signal of bullish re-acceleration.

Solana (SOL) Technical Price Analysis | Nov. 17, 2025

With its marker at $226.08, the Parabolic SAR prints well-above Solana’s current price, confirming that momentum remains decisively negative on the weekly timeframe.

The RSI sits at 38.41, approaching oversold levels but still above extreme conditions. The Bull-Bear Power (BBP) indicator is deeply negative at -79.77, reflecting capitulation-tier selling pressure consistent with the final phase of weekly downturns.

If Fidelity accelerates corporate inflows, SOL could stage a recovery to $150. However, if political risk weighs markets down further into Nov. 18’s vote, the $120 floor could be tested again.

Conversely, a decisive reclaim of $150 would neutralize bearish momentum and position SOL price to retest the 100-week SMA at $164.71, followed by the 50-week SMA at $176.55.

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.

Solana (SOL) News, Cryptocurrency News, News

Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.

Ibrahim Ajibade on LinkedIn

34 minutes ago

The exchange's 10-year Bitcoin and Ether contracts mimic perpetuals through daily cash adjustments, giving users a regulated way to trade crypto futures in the US.

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Cboe Global Markets plans to launch new Bitcoin and Ether “Continuous Futures” on Dec. 15, offering long-term, perpetual-style exposure to both assets on its futures exchange.

According to a Monday announcement from the company, the contracts come with a 10-year term and a daily cash adjustment meant to mirror the economics of perpetual futures, removing the need to roll expiring positions.

Futures are standardized contracts that let traders buy or sell an asset at a set price on a future date, often used for hedging or speculation.

Cboe says the structure is intended to offer the same tools investors rely on in traditional futures markets, including capital efficiency, volatility hedging, tactical trading and the ability to take short exposure.

The contracts will be cleared through Cboe Clear US to reduce counterparty risk, with margin rules aligned to Commodity Futures Trading Commission (CFTC) standards and potential cross-margining with existing Cboe Futures Exchange (CFE) crypto futures. Pending regulatory approval, they will will trade 23 hours a day, five days a week.

Cboe Global Markets is a US exchange operator that runs equities and derivatives marketplaces across several regions, including North America and Europe. The company announced plans to roll out its “continuous futures” product for Bitcoin and Ether in September.

The crypto futures marketWhile US regulators have long blocked exchanges from listing crypto futures products, their stance has shifted under President Donald Trump’s administration, creating room for new crypto-derivatives offerings.

On April 21, the CFTC requested public feedback on the potential benefits and risks of perpetual derivatives, seeking input on how these products function, how they might be used in trading and clearing, and any implications for market integrity and customer protection. 

In March, Bitnomial crypto exchange announced the launch of the first CFTC-regulated XRP futures in the US, and in July, Coinbase announced a plan to launch nano-sized Bitcoin and Ether perpetual contracts.

The crypto futures market is enormous. On Monday, open interest on perpetuals in the crypto market was about $767 billion, according CoinMarketCap data.

Crypto derivates market. Source: Coinmarketcap.comMagazine: Good luck suing crypto exchanges, market makers over the flash crash

The crypto market bleeds once again.

Bitcoin can’t catch a break for the past several days as the bears seem in complete control of the market, staging another nosedive to a fresh multi-month low of just under $92,000.

Ethereum has also dipped to a crucial round-numbered support, and the liquidations are on the rise due to excessive leverage used by traders.

BTCUSD. Source: TradingView
It wasn’t that long ago when BTC stood firmly above $100,000. In fact, less than a week ago, it had just jumped past $107,000 following some positive developments on US soil.

However, that was short-lived, and the subsequent rejection and correction have been quite violent. Bitcoin plummeted to a five-digit price territory last Thursday and has not been able to stage any sort of recovery.

Just the opposite, the hits keep on coming, and the latest took place minutes ago when it dipped below $92,000. This is the lowest price tag it has seen since April 24, making it a seven-month low.

What’s interesting and different about the ongoing crash is the fact that there’s no evident culprit behind it. Unlike previous occasions, such as industry blowouts, global pandemics, or macro uncertainty, this correction appears to be driven by excessive leverage, as explained by the Kobeissi Letter earlier.

Moreover, the analysts determined that BTC has entered a new structural bear market, and the landscape has only worsened since then.

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OTC Desks Hit Highest BTC Balances Since August – What It Means for Bitcoin’s Price

ETH is in no better shape as it dipped below $3,000 minutes ago as well. Ethereum is down by more than 15% weekly and over 22% in a month. Most other altcoins are in a dire state as well, with XRP dropping by 3.6% daily and SOL plunging by over 5%.

Naturally, the high levels of leverage used by traders have harmed a significant number, with more than 150,000 such market participants wrecked daily. The total value of liquidated positions has risen to almost $800 million within the same timeframe.

The single-biggest wrecked order was a whopping one. It took place on Hyperliquid and was worth $96.51 million, data from CoinGlass shows.

Liquidation Data on CoinGlass

Tags:

Large Ethereum transfers tied to BlackRock and Arthur Hayes are drawing fresh attention after on-chain dashboards showed substantial deposits moving into trading desks and Coinbase. The activity, highlighted by analysts on X, reflects a concentrated wave of institutional and whale-linked ETH flows.

BlackRock, Arthur Hayes Transactions Push Ethereum Flows Into FocusPosts from on-chain watcher Ash Crypto showed wallets labeled as BlackRock sending more than $176 million worth of Ether to Coinbase Prime. Screenshots captured a series of 10,000-ETH transfers leaving an address tagged “BlackRock: ETHA Ethereum …” and arriving at a “Coinbase Prime Deposit” wallet within minutes of each other. Each transaction was valued at slightly above $32 million.

BlackRock ETH Deposits. Source: Arkham Intelligence/X

The sequence of tightly timed deposits indicates a coordinated repositioning of Ether exposure inside Coinbase’s institutional platform. The images did not clarify whether the transfers were tied to ETF operations, internal portfolio adjustments, or other fund activity. BlackRock has not commented on the transactions.

At the same time, a separate thread focused on BitMEX co-founder Arthur Hayes after an account known as 0xNobler claimed Hayes was sending assets to Wintermute “every few hours.” The dashboard showed a wallet labeled “Arthur Hayes” routing tokens to market maker Wintermute, OTC desk FalconX and several exchange deposit addresses.

Arthur Hayes Crypto Transfers. Source: Arkham Intelligence/X

Those moves included large batches of LDO, ENA, UNI, AAVE and multiple Ether transfers, with transaction sizes ranging from a few hundred ETH to smaller clips. Additional entries showed earlier transfers to Kraken and other centralized venues. The flows suggest active portfolio rotation, although the screenshots did not confirm whether each transfer resulted in immediate selling.

Ethereum Dominance Bounces Off Key Support as Gordon Eyes UpsideEthereum’s market share is holding a key support zone after a steep slide, putting dominance back in focus for traders. The weekly chart shared by analyst Gordon shows ETH dominance rebounding from the 7–8 percent area and now stabilizing around 12 percent.

ETH Dominance Chart. Source: Gordon on X

The same band acted as support during earlier cycles, when Ethereum paused and then extended higher. On the chart, ETH has already formed a clear base at the lows and then pulled back into this mid-range support, where buyers previously stepped in.

Gordon wrote that “ETH dominance is set up perfectly to go higher from here,” and drew a path that points toward the mid-teens if support holds. The structure highlights a potential higher low and leaves room for dominance to push back toward the 15–17 percent zone if capital rotates back into Ethereum.

Aave Labs, the team responsible for handling the top DeFi lending protocol Aave, has announced the launch of a new consumer-facing mobile app called “Aave: Save and Earn.” The app introduces iPhone users directly to high-yield savings via the Apple App Store.

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A new projection shared by X Finance Bull on the social media platform X has added new momentum to one of the boldest claims in the XRP community: the idea that XRP could eventually overtake Bitcoin. 

His post frames the current moment as the setup for the most explosive move of the decade for the altcoin. The chart he shared outlines a sequence of developments, from institutional adoption to major financial events in the US, that gradually lift the price of the altcoin higher until it reaches the point where it could challenge Bitcoin’s position as the number one cryptocurrency.

Institutional Adoption, XRP Spot ETF Approval, Trump’s $20 Trillion Market Expansion
X Finance Bull’s outlook does not pin XRP to a specific price level, but it lays out a roadmap for how its value could climb as a series of events unfold. In his view, the move starts once financial institutions begin announcing that they are using the Ledger, creating the first noticeable lift in XRP’s trajectory as more real-world activity settles on the network.

The next phase in the projection shows the asset entering a sharper rally once XRP Spot ETFs are approved. At that point, the chart suggests a burst of momentum as regulated products open the door for larger sums of capital to enter the market.

After this comes an even bigger inflection point: President Donald Trump’s proposed $20 trillion investment into new financial markets. In the projection, that level of capital deployment pushes the altcoin much higher, ushering in a stage where “trillions start to flow” and the curve steepens dramatically. The final catalyst is described as the moment Bitcoin maxis begin rotating into XRP, completing the sequence.

Taken together, these stages: institutional adoption of the Ledger, Spot ETF approval, massive US market investment, and a wave of capital shifting from Bitcoin, form the backbone of the analyst’s argument that the altcoin could rise to the point where it flips Bitcoin and becomes the market’s leading crypto asset.

The $20 Trillion Blueprint Behind The Predicted Surge
In another post, the analyst explained what he believes Trump’s $20 trillion investment is really pointing toward. He said Trump’s promise to “build something unbelievable” is part of a new financial system built on tokenized money and real-time settlement rails, which is why Congress is suddenly fast-tracking crypto and stablecoin legislation.

According to the analyst, the asset suited for this system must be American-made, already in discussions with US lawmakers, connected to major institutions, backed by escrow, and capable of handling massive liquidity. His conclusion is that the asset with these characteristics is not Bitcoin; it is XRP.

Based on this blueprint, the analyst claims that a $20 trillion injection would not send the token to $5 or even $10, but to $357. At the time of writing, the token is trading at $2.28. The first US-based spot XRP ETF has already gone live, and early inflow numbers are encouraging.

XRP trading at $2.27 on the 1D chart | Source: XRPUSDT 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.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

TL;DR:

Bitcoin’s correlation is shifting away from gold and toward U.S. tech stocks.
Analysts say BTC now behaves more like a high-beta risk asset amid improving liquidity.
The trend signals a changing market identity as macro forces shape Bitcoin’s movement.

Bitcoin’s market behavior appears to be undergoing a structural transition, and analysts tracking correlation trends say the shift is becoming hard to ignore. Recent data shows Bitcoin’s weakening connection to gold, a relationship many investors once pointed to as evidence of BTC’s “digital gold” narrative. At the same time, the asset is now moving more closely with U.S. tech equities, a pattern that raises new questions about how macro forces could shape BTC’s trajectory in the months ahead.

It also explains the sudden shifts in sentiment.

The Crypto Fear & Greed Index has officially fallen to 10, “Extreme Fear.”

This now ties the bottom seen in February 2025, even as Bitcoin is up +25% since the April bottom.

Leverage is amplifying shifts in investor sentiment. pic.twitter.com/RYpGKK6hKJ

— The Kobeissi Letter (@KobeissiLetter) November 16, 2025

Correlation data points to a tightening link between BTC and tech stocks
Analysts noted that the strongest correlation emerging is now between Bitcoin and the U.S. tech sector, where equities have surged on improved economic sentiment and expectations of lower interest rates. According to market observers, this pivot highlights a shift in how institutional traders classify BTC: less as a defensive inflation hedge and more as a high-beta risk asset that moves with growth stocks. The report suggests this alignment mirrors increased exposure among funds that treat BTC similarly to tech-driven plays, especially as liquidity conditions stabilize.

At the same time, correlation charts show a clear fading link between Bitcoin and gold, with the relationship weakening sharply over recent months. Previously, Bitcoin tended to rise alongside the safe-haven metal during periods of global tension or economic uncertainty. Now, however, gold has continued climbing while BTC has retreated, breaking what used to be a dependable connection during stress cycles. Analysts interpret this divergence as a sign that Bitcoin may be transitioning away from its inflation-hedge narrative, at least in the short term, as traders shift their allocation frameworks.

The report also highlights how Bitcoin’s sensitivity to macro policy signals has increased, mirroring the behavior of tech markets responding to Federal Reserve projections. Investors appear to be pricing BTC with an eye toward interest rate expectations, recession odds and broader liquidity flows. With tech stocks rebounding and risk appetite improving, Bitcoin’s path may continue to align more closely with growth-driven sectors. Analysts caution, however, that correlation trends can shift quickly, making this a pivotal moment for evaluating Bitcoin’s evolving identity within the global asset landscape.

Pi Network has established a clear double bottom at $0.21, with bullish volume defending support twice. A breakout above $0.23 may trigger a relief rally to $0.25.

Summary

$0.21 support defended twice with increasing volume
Break above $0.23 confirms double bottom structure
Next upside target sits at $0.25 resistance

Pi Network’s (PI) price action has turned technically significant as the asset confirms a double bottom at the $0.21 support level. This structure has now held twice, supported by increasing bullish volume, indicating sustained demand at lower levels. With the price starting to reclaim short-term resistance zones, traders are now watching closely to see whether Pi Network can shift from accumulation into a relief rally targeting higher levels.

Pi Network price key technical points:

Major Support Confirmed: The $0.21 region has been defended twice with bullish volume, forming a potential double-bottom structure.
Next Immediate Level: A reclaim of the $0.23 swing high is required to confirm continuation.
Upside Target: A clean break above $0.23 opens the probability of a move into the $0.25 resistance zone.

PIUSDT (4H) Chart, Source: TradingVIew
Price action on Pi Network has shown early signs of structural strength after multiple attempts to break lower were rejected at $0.21. Both retests came with rising volume, a key signal that buyers are defending the level rather than price simply stabilizing due to lack of selling pressure. This suggests that $0.21 now acts as a structural value area low, and as long as candles continue closing above it, demand remains intact.

The next major region of interest sits at the swing high of $0.23. This level acted as resistance after the most recent bounce and now represents the neckline of the double-bottom formation. A decisive candle close above $0.23, ideally supported by further volume expansion, would confirm the bullish pattern and set the stage for continuation higher.

From a technical perspective, any sustained price action above $0.22 reinforces the bullish thesis. Above this threshold, the likelihood of rotation into the $0.25 resistance region increases significantly. The $0.25 level is not only a round-number psychological zone but also aligns with a key imbalance area where previous selling pressure originated. A move into this level would represent a 15–18% relief rally from the defended support.

The double bottom itself is still forming, and confirmation only occurs once the neckline breaks. However, the defense of support over two separate attempts provides meaningful evidence of accumulation at lower levels. The structure mirrors similar behavior observed before relief rallies earlier in Pi’s trading history, where price flattened, volume increased, and upside expansion followed shortly after.

What to expect in the coming price action
If Pi Network maintains strength above $0.22 and breaks through $0.23 with volume, the double-bottom confirmation unlocks a high-probability move toward $0.25.

A failure to hold above $0.21 would invalidate this structure and re-expose lower liquidity zones.

flash news

Aleo Report Highlights Why Stablecoin Privacy Is Key for Institutional Security

A new “Privacy Gap Report” was published by the zero-knowledge proofs (ZKP) specialist, Aleo. The document warns about the security risks in stablecoin adoption. Aleo

CryptoCurrency News

Extreme Fear Returns: Crypto Sentiment Hits Lowest Level Since July 2022

TL;DR: Crypto fear index drops to 10, lowest since July 2022, signaling extreme investor caution. Traders reduce positions, favoring stablecoins and offline custody amid volatility.

Bitcoin News

Stablecoin Dominance Climbs as Bitcoin Slips Under $96K

TL;DR: Stablecoin dominance rises as Bitcoin falls below $96K, signifying a risk-off rotation. Capital moves into dollar-pegged tokens, reflecting a preference for stability amid crypto

flash news

Czech National Bank Buys $1M in Bitcoin, Publicly Confirms First Crypto Portfolio

The first central bank to publicly acquire Bitcoin is the Czech National Bank, making history with this action. The entity announced its purchase on November

CryptoNews

Circle Expands Arc Ecosystem With Onchain FX Engine and Multi-Currency Stablecoin Program

TL;DR Circle launched StableFX, an onchain foreign exchange engine on its Arc blockchain, along with the Partner Stablecoins program, which integrates regional stablecoins linked to

Sui News

Sui Foundation Introduces USDsui Stablecoin to Power DeFi and Payments

TLDR The stablecoin uses the infrastructure of Bridge, a Stripe company, to ensure liquidity and regulatory compliance. Revenue generated by the asset will be reinvested

According to a recent report, new malware uses the ClickFix social engineering tactic, a phishing technique where users are tricked into executing a command under the pretext of completing a CAPTCHA or fixing a system issue.

Bad actors are primarily hunting for crypto users, but they are also targeting browsers, messaging apps, FTP clients, and email accounts.

The campaign is dangerous because it combines social engineering with advanced malware delivery that can evade detection.

HOT Stories

Evolved from ACR (AcridRain) Stealer, a malware previously sold via a malware-as-a-service (MaaS) model until mid-2024. It is now being sold via a subscription.

Users are tricked into running a command in Windows Run under the pretext of completing a CAPTCHA (ClickFix).

The campaign is part of a broader phishing ecosystem with fake invoices and VBS attachments. Visitors to fake ClickFix pages (SmartApeSG campaign) to deliver NetSupport RAT.

There are also fake Booking.com CAPTCHA and spoofed internal email alerts with fake delivery notifications that prompt victims to click links that steal login credentials.

High-value targetsCryptocurrency wallets contain directly transferable assets, which is why crypto wallets are considered to be high-value targets. Malware bypasses antivirus, EDR, and sandboxes. Attackers only deploy RATs on machines with valuable crypto data.

Once stolen, it can be transferred globally in minutes without intermediaries.

Unlike bank accounts, crypto transactions are irreversible, so once an attacker has the private keys, the victim usually cannot recover the funds.

A single compromised wallet can yield hundreds of thousands or even millions of dollars.

Malware like Amatera Stealer is specifically designed to detect and extract crypto wallet files, browser wallets, and private keys.

Bitcoin Crash Breaching $92,000 — Panic Spreads Across the Market$Bitcoin has officially broken below the critical $92,000 level, sending shockwaves across the entire crypto market. This drop represents one of BTC’s sharpest intraday declines in recent weeks and has dragged nearly every major asset with it.

BTC/USD price chart - TradingView

The market reaction is immediate: red across the board, deteriorating sentiment, and continuously thinning liquidity.

Altcoins Crash and Suffer Double-Digit Weekly LossesThe past 24 hours deepen the already brutal 7-day declines, especially for:

$Solana (-22.12%)$XRP (-16.35%)$Cardano (-21.90%)$Dogecoin (-15.48%)$Zcash (-9.54%)$BNB (-9.17%)

Total crypto market cap in USD - TradingView

Bitcoin’s fall below $92K has now erased any short-term bullish structure and opened the door for deeper downside.

What Comes Next?Analysts now warn of two possible next legs:

A fast liquidity sweep toward the $88K–$90K zoneA deeper correction into the $80K–$86K region if panic acceleratesMeanwhile, altcoins may continue to drop 2–3× harder than Bitcoin if selling pressure remains.

4 minutes ago

A handful of XRP ETFs could launch this week, leading traders to predict the start of a new rally, but the desired bullish momentum is dependent on the altcoin holding above $2.20.

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Key takeaways:

Four spot XRP ETFs are set to go live across major US exchanges, unlocking institutional capital into XRP’s market. 

XRP price must reclaim $2.20 as support to continue upside toward $2.60.

XRP (XRP) is set for a landmark week of spot ETF launches, which could unlock billions in institutional capital. After finding support at $2.20, XRP traders are hopeful that the ETF launches will serve as the perfect springboard for a rally toward $2.60.

Four spot XRP ETFs are expected to launch this weekFour spot XRP ETFs are set to be approved this week, with three more expected within the next 21 days. 

XRP ETF possible lunch dates. Source: Crypto BarbieCanary Capital’s XRPC launched Nov. 13 on Nasdaq, with a record $58 million in day-one volume and $245 million in inflows, outperforming all 900 ETF launches of 2025. This eclipsed  Bitwise Solana ETF (BSOL) launch on Oct. 28, inspiring a bullish rotation among traders, who are now betting on an XRP rally.

REX/Osprey’s XRPR debuted on Sept. 18 with nearly $38 million in first-day volume,  triggering an 18% pre-launch rally and quickly amassed $150 million in assets under management.

JPMorgan projected that XRP ETFs could possibly unlock $4 billion to $8 billion in their first-year inflows. 

XRP price bulls must defend $2.20From a technical perspective, XRP faces a critical test near $2.20. This level has supported the price since the Oct. 10 market crash. 

Reclaiming this level would increase the chances of a rebound with the first major resistance sitting between $2.34 and $2.41, where all the major moving averages lie. 

XRP/USD four-hour chart. Source: Cointelegraph/TradingView“$XRP is consolidating above $2 in a pennant, signaling a potential bottom,” said crypto analyst Marzel in an X post on Monday, adding: 

“A breakout above $2.62 would turn bullish, while a close below $2 would invalidate the pattern, with volume spikes likely indicating the breakout before late Q4.”The CoinGlass liquidation heatmap shows the price eroding liquidity around $2.20, with large clusters of asks sitting between $2.34, $2.41 and $2.67. This suggests that XRP’s upside could be capped around this level in the short term.

XRP liquidation heatmap. Source: CoinGlassThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

November 17, 2025 2:12 PM EST | Source: Silver Bullet Mines Corp.
Burlington, Ontario--(Newsfile Corp. - November 17, 2025) - Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) ("SBMI" or "the Company") is pleased to announce the first batch of what it believes to be high grade gold/silver concentrates, processed from surface material taken from the KT Gold Mine in Arizona, was received by the Buyer on October 29. This shipment comprised of roughly 4000 pounds of concentrate from the KT Gold Mine.

This first shipment also included 2000 pounds of concentrate processed from material taken from the SC Mine in Arizona.

SBMI announces a second shipment of gold/silver concentrates processed from surface material taken from the KT Gold Mine in Arizona, is scheduled to be picked up this week at the Company's mill site in Globe, Arizona. This second shipment, a picture of which is below, consists of roughly 2500 pounds of concentrate.

The Company has begun processing further surface material from the KT Gold Mine to support a third shipment of concentrate. The Company intends to continue processing material from the KT Gold Mine in amounts sufficient to make additional shipments on as close to a biweekly schedule as possible, with each shipment intended to range from roughly 2500 pounds to roughly 4000 pounds of concentrate.

As to the grade of such concentrates, the Company is awaiting the Buyer's comparative assay results so the Company and the Buyer can agree upon the precise value of such shipments.

Pursuant to the terms of agreement with the Buyer, on initial shipments payment to SBMI will be made 60 days from date of receipt at the refinery. The Company is negotiating payment terms for subsequent shipments.

With respect to the concentrate produced from the SC Mine, SBMI announces it has finally received the initial assay results from the independent lab. Extremely positive for the Company is that all of the concentrate samples tested returned values over the detection limits, which means the results were higher than the highest numbers in the lab's testing parameters. Additional samples need be provided to the lab so that different tests can be run to determine with greater precision the contents of the concentrate. At this time, the Company sees greater value in concentrate produced from material taken from the KT Mine, and will not be directing significant resources to produce additional concentrate from SC Mine material. The SC Mine is being maintained in good standing and will be revisited at an appropriate time.

As a result of queries from a number of investors, SBMI would like to provide clarification of its processes and determination of the amount of concentrates it produces for shipment.

The Company strives to produce the highest grades possible for each ton of concentrate shipped. By doing so, it avoids additional extra refining and smelting fees along with additional transportation and handling costs. The concentration ratio of the input (initial host rock) to the output (concentrate) is different for each mine. The Company does not yet have enough data to advise what it believes the concentration ratio could be for the KT Mine.

Mineralized material from the mines is processed through the Company's mill using gravitational processes which cause metal with a higher specific gravity (like gold and silver) to separate from the host material within which it is contained. The output from that process is mineral concentrate (gold or silver in SBMI's case). The important factor is not the number of tons of concentrates but the grade of the material in the original host material.

Using an example set of parameters it may make this easier to understand. Any of the numbers in this analysis are not to be considered in any way to be representative of actual tonnage or grade. They are for illustrative purposes only.

Assume 100 tons of original mineralized material from the KT Mine contained a head grade of .3 oz of gold per ton. This would mean there are 30 ounces of gold in the 100 tons of original mineralized material. Also assume a 90% recovery rate. Using these assumptions and processing that material at the Company's mill, the milling process would result in the concentrate containing 90% of the 30 ounces in the original mineralized material, or 27 ounces residing in approximately 500 pounds of concentrate. Extrapolating this hypothetical example would result in 108 ounces of gold in one ton of concentrate.

SBMI reiterates that it is important to keep in mind the key factor is not the number of tons of concentrate produced. Rather, the key factor is the gold grade in the original host material and thus the gold grade in the concentrate.

The Company reiterates that the figures above are for demonstration purposes only, should not be used as an indication of head grade or potential cash receivable, and are extremely simplistic for the complex field of metallurgy.

SBMI trusts this helps explain the mill process in Arizona and provides clarity to that process.

SBMI also announces John MacKenzie has rejoined the board of directors. Mr. MacKenzie is an experienced Chief Executive Officer, CFO and Director with a demonstrated history of working in the mining and metals industry. He is skilled in Operations Management and Governance, and as a chartered accountant is financially literate. He is a Life Member of CPA Ontario. He will join the Company's Audit Committee.

The Company also announces it has issued 258,675 shares as payment of interest pursuant to the previously announced terms of outstanding debentures.

Cautionary and Forward-Looking Statements

This news release contains certain statements that may constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management's current expectation of future events, and can be identified by words such as "believe", "expects", "will", "intends", "plans", "projects", "anticipates", "estimates", "continues" and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.

By their nature, forward-looking statements include assumptions and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global pathogen; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the exploration for and the production and processing of mineralized material; the results of exploration and development activities; the results of mining and mill operations; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI's properties; risks of future legal proceedings; income tax and tariff matters; fires, floods, snowfall, spring thaw and other natural phenomena; the rate of inflation; counterparty risk with respect to any buyer of the Company's products; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global pathogens create risks that at this time are immeasurable and impossible to define.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274833

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CRM, ADBE, MSFT either through stock ownership, options, or other derivatives. 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.

Investors in UFP Industries, Inc. (UFPI - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 16, 2026 $65 Call had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for UFP Industries shares, but what is the fundamental picture for the company? Currently, UFP Industries is a Zacks Rank #5 (Strong Sell) in the Building Products – Wood industry that ranks in the Bottom 6% of our Zacks Industry Rank. Over the last 30 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.14 per share to $1.06 in that period.

Given the way analysts feel about UFP Industries right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

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LUXEMBOURG--(BUSINESS WIRE)--Corporación América Airports S.A. (NYSE: CAAP), one of the leading private airport operators in the world, today announced that it will report its Third Quarter 2025 results on Monday, November 24, before market opens. We remind all participants to connect through the telephone in order to ask questions. Earnings Release Monday, November 24, 2025 Time: Before Market Opens Conference Call Monday, November 24, 2025 Time: 10:00 am Eastern Time Executives Mr. Martín Eur.

SAN FRANCISCO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- A securities class action, styled Bridgewood v. MoonLake Immunotherapeutics, et al., No. 1:25-cv-08500 (S.D.N.Y), has been filed after MoonLake (NASDAQ: MLTX) announced disastrous Phase 3 trial results for its only product candidate (sonelokimab, or “SLK”), its highly anticipated treatment for patients with skin disease (hidradenitis suppurativa or “HS”).

On this announcement, MoonLake investors saw the price of their shares crater $55.75, or about 90%, on September 29, 2025.

The development and severe market reaction has prompted national shareholders rights firm Hagens Berman to investigate claims that, prior to September 28, 2025, MoonLake misled investors about SLK’s trial design and efficacy data.

The firm urges investors in MoonLake who suffered significant losses to submit your losses now. The firm also encourages persons with knowledge who may be able to assist in the investigation to contact its attorneys.

Class Period: Mar. 10, 2024 – Sep. 29, 2025
Lead Plaintiff Deadline: Dec. 15, 2025
Visit: www.hbsslaw.com/investor-fraud/mltx
Contact the Firm Now: [email protected] | 844-916-0895

MoonLake Immunotherapeutics (MLTX) Securities Class Action:

The litigation is focused on the propriety of MoonLake’s statements about the trial design and data for SLK. The clinical stage biotechnology company is focused on skin inflammatory diseases driven by a cytokines known as IL-17A and IL-17F.

Central to SLK’s commercial prospects was its ability to demonstrate efficacy in HS comparable or superior to a competitor’s FDA-approved product (“BIMZELX”), which is used for the same HS indication and targets the same cytokines.

One difference between SLK and BIMZELX is that SLK’s Nanobody structure is significantly smaller than BIMZELX’s monoclonal antibody format.

Throughout the Class Period, MoonLake repeatedly touted SLK’s structural advantages as translating into superior efficacy. The company has said that SLK could achieve benefits “a monoclonal antibody cannot do,” that “the molecular advantages of our Nanobody translate into higher clinical responses for patients,” and that Nanobodies “offer a more convenient and effective treatment.”

MoonLake also assured investors that “we really have a drug here that can become the gold standard and obviously that will facilitate any winning that we do with sonelokimab in HS.”

The complaint alleges that these, and other, MoonLake statements were false and misleading statements and that the company withheld crucial information from investors. More specifically, the lawsuit claims that the company misled investors about the distinction between Nanobodies and monoclonal antibodies, including that (1) SLK and BIMZELX share the same molecular targets (IL-17A and IL-17F), (2) SLK’s Nanobody structure would not confer a superior clinical benefit over the traditional monoclonal structure of BIMZELX, and (3) SLK’s Nanobody structure purported increased tissue penetration would not translate to clinical efficacy.

Investors learned the truth on September 28, 2025 after MoonLake revealed that only one of its two SLK Phase 3 trials achieved statistical significance – and even those results demonstrated substantially lower efficacy than BIMZELX.

On this news, the price of MoonLake shares cratered $55.75 (-90%) on September 29, 2025, with one analyst reportedly writing in a note to investors that the results “‘arguably fall[] into the worst case outcome.’”

“We’re focused on investors’ losses and whether MoonLake may have intentionally misled investors about the SLK’s purported advantages over BIMZELX while claiming that SLK could become a ‘gold standard,’” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in MoonLake and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now.

If you’d like more information and answers to frequently asked questions about the MoonLake case and our investigation, read more.

Whistleblowers: Persons with non-public information regarding MoonLake should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contact:
Reed Kathrein, 844-916-0895

SAN FRANCISCO, Nov. 17, 2025 (GLOBE NEWSWIRE) -- A class-action lawsuit has been filed against James Hardie Industries plc (NYSE: JHX), the dominant producer of fiber cement building materials in the U.S., alleging the company committed securities fraud by misleading investors about inventory levels and customer demand in its crucial North American segment.

Hagens Berman is investigating the alleged claims and urges investors in James Hardie who suffered significant losses to contact the firm now.

Read more about the issue facing JHX investors, Alleged Inventory Deception: Investors Claim James Hardie Concealed Weak Demand.

Class Period: May 20, 2025 – Aug. 18, 2025
Lead Plaintiff Deadline: Dec. 23, 2025
Visit: www.hbsslaw.com/investor-fraud/jhx
Contact the Firm Now: [email protected] | 844-916-0895

The James Hardie Industries (JHX) Securities Class Action

The lawsuit, Laborers’ District Council & Contractors’ Pension Fund of Ohio v. James Hardie Industries PLC., et al., 25-cv-13018 (N.D. Ill.), filed on behalf of all investors who purchased or acquired James Hardie common stock—which converted from American Depositary Shares on July 1, 2025—between May 20, 2025, and August 18, 2025 (the "Class Period"), seeks damages for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.

The action centers on James Hardie’s North America Fiber Cement segment, which the company states generates about 80% of its total earnings. The plaintiffs allege that despite the company starting to observe significant inventory destocking by its North American channel partners in April and early May 2025, management publicly denied the trend and assured investors of the segment’s sustained strength.

Specifically, the complaint highlights statements made by company executives on or around May 20 and 21, 2025, which it claims falsely represented that customer demand remained robust and expressly denied that inventory destocking was occurring. The plaintiffs contend that these assurances concealed an underlying problem: sales were artificially inflated by “inventory loading by channel partners, with the hallmarks of fraudulent channel stuffing,” rather than genuine, sustainable customer demand.

This alleged deception came to a head on August 19, 2025, when James Hardie belatedly disclosed a sharp decline in performance. The company reported that sales in the North America Fiber Cement division had dropped by 12%, attributing the decline to the very customer destocking it had previously denied, which management now admitted had been discovered "in April through May."

Company CEO and Executive Director Aaron Erter sought to frame the downturn as a “normalization of channel inventories,” but cautioned that the impact was expected to affect sales for at least the next two quarters.

The market’s reaction was severe and swift. Following the disclosure, James Hardie’s common stock dropped by over 34%.

The plaintiffs argue that this precipitous decline—and the significant losses suffered by investors—was a direct result of the defendants’ alleged wrongful acts and omissions during the Class Period. The lawsuit aims to recover damages on behalf of the Class Members who were financially injured by the sudden reversal of the company’s reported financial health.

Hagens Berman’s Investigation on Behalf of Investors

Hagens Berman is actively investigating the alleged claims.

“We want to know if James Hardie’s sales were fueled by unsustainable sales practices and whether senior management was aware of the problem,” said Reed Kathrein, the Hagens Berman partner leading the investigation.

If you invested in James Hardie and have substantial losses, or have knowledge that may assist the firm’s investigation, submit your losses now.

If you’d like more information and answers to frequently asked questions about the James Hardie case and our investigation, read more.

Whistleblowers: Persons with non-public information regarding James Hardie should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.

Contact:
Reed Kathrein, 844-916-0895