Market Signal Briefing

Strategy's holdings account for more than 3% of the total 21 million bitcoin supply — worth around $62 billion.

Strategy Returns to Large Bitcoin Buys, Adding $835M Last WeekHamstrung from common share sales due to the cratering in their stock price, Michael Saylor and team turned to preferred share issuance.Updated Nov 17, 2025, 1:33 p.m. Published Nov 17, 2025, 1:32 p.m.

Fresh weekly buys of bitcoin are no longer news for Michael Saylor's Strategy (MSTR), but large purchases had mostly been off the table for some time.

The company last week, though, acquired an additional 8,178 BTC for $835.6 million, or an average price of $102,171 each.

STORY CONTINUES BELOW

This sizable buy was financed mostly through the sale of the company's latest preferred offering, STRE, or Steam, which brought Strategy's high yields to European investors, raising about $715 million earlier this month. The company also raised $131.4 million via its STRC, or Stretch, preferred series, per a Monday morning filing.

Total holdings are now 649,870 BTC acquired for $48.37 billion, or $74,433 each.

Strategy's bitcoin purchases of late had been mostly very incremental as the sharp decline in the company's stock price — lower by about 56% in just the past four months — had pretty much ruled out any large common share offerings.

Trading at $199 early Monday, MSTR enterprise value now sits only barely above the value of the bitcoin on its balance sheet, making common stock issuance dilutive to existing holders.

Bitcoin is trading at $94,500 Monday, down slightly from Friday's levels.

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Short-Term Holder Bitcoin Supply in Loss Climbs to Highest Level Since FTX Collapse

1 hour ago

U.S.-listed bitcoin ETF assets under management have slipped only about 4% compared with bitcoin’s 25% price drop, highlighting a divergence.

What to know:

Short-term holders now collectively hold around 2.8 million BTC at a loss, the largest underwater position recorded since the FTX collapse in late 2022.U.S. spot ETFs have held relatively firm through the recent market decline, with AUM dipping only slightly from 1.38 million BTC to 1.33 million BTC.Read full story

TL;DR

Bitcoin (BTC) reached a new six-month low of $93,000 before bouncing back near $96,000.
Most altcoins are in the red, with ETH falling to $3,200 and others like XMR and ICP showing notable drops.
The total crypto market cap lost $40 billion in 24 hours, falling below $3.350 trillion.

This past Sunday, the cryptocurrency market experienced another day of extreme volatility. Bitcoin’s downward trajectory continued, hitting a new six-month low of $93,000. However, the pioneer crypto had a slight rebound, but the altcoin market took the worst hit.

The vast majority of altcoins suffered heavy losses. Ethereum once again slid to $3,200, while XMR, LTC, ICP, and NEAR registered significant price drops of up to 9%.

For Bitcoin, the landscape changed drastically in just 7 days. After the good news in the U.S. fueled brief optimism, Bitcoin managed to surpass $107,000, but the correction has been severe. Initially, the price retreated to $102,000 and continued to fall throughout the workweek.

The crash was more extreme on Friday, with BTC reaching $94,000 for the first time since May. Although the bulls attempted a defense, pushing the price to $97,000 on Saturday, selling pressure returned on Sunday afternoon, culminating in the new low of $93,000.

Bitcoin hits a new six-month low
At the time of this writing, BTC had recovered a few thousand dollars, sitting near $96,000. However, its market capitalization barely remains above $1.9 trillion, and its dominance over the altcoins has stabilized at 57.2%.

The impact is being felt in the alternative market, as altcoins suffer heavy losses amid Bitcoin’s instability. Ethereum (ETH) briefly fell below $3,100 before recovering to $3,200, accumulating a 1% loss in 24 hours.

Other major cryptocurrencies like BNB, SOL, TRX, DOGE, ADA, and LINK are showing similar daily drops. Market sentiment is negative; observers suggest that BTC’s overall structure has changed and it might have entered a new type of bear market.

The total crypto market cap has lost another $40 billion daily, sitting well below $3.350 trillion.

Strategy, the bitcoin-focused holding company led by billionaire Michael Saylor, has expanded its already-massive BTC position with another substantial purchase during the week of November 10 to November 16, according to a regulatory filing released today.

TL;DR

Cardano Foundation CEO Frederik Gregaard confirms the organisation is actively developing a US-based ADA ETF, offering investors direct exposure to Cardano’s $18 billion blockchain.
The foundation now has over 100 staff and collaborates with global firms including BMW and NASA.
Gregaard stresses that the ETF is part of a broader effort to expand ADA adoption, strengthen Cardano’s financial presence, and integrate blockchain solutions into mainstream markets.

At the Cardano Summit 2025 in Berlin, CEO Frederik Gregaard confirmed the foundation is pursuing a US-listed exchange-traded fund featuring ADA. He noted that while some recent US ETF launches operate as exchange-traded products, the foundation’s effort aims to provide regulated, accessible exposure to Cardano for a wider investor base. Gregaard views the ETF as a strategic step in increasing institutional participation and market liquidity for ADA.

Cardano Foundation Advances ADA ETF Development
Since taking the helm in 2020, Gregaard has expanded the foundation from 30 to over 100 employees, introducing structured management and long-term planning under guidance from Cardano co-founder Charles Hoskinson. The organisation now coordinates blockchain integrations with crypto exchanges, supports node rollouts, and engages with other fund issuers to advance Cardano’s reach. In addition, the foundation has strengthened its research and development teams, focusing on improving scalability, network security, and interoperability with other blockchains. These efforts also aim to facilitate future regulatory compliance and enhance institutional trust in Cardano’s ecosystem.

Corporate Partnerships and Blockchain Applications
The Cardano Foundation has worked with major enterprises experimenting with blockchain solutions. BMW and media group Saturn are among the organisations testing Cardano’s capabilities. In addition, the foundation has supported microfinance initiatives in Africa and invested around $15 million in blockchain-based tracking systems for NASA. Gregaard highlighted that these projects demonstrate practical, scalable use cases for Cardano beyond speculative trading. The foundation is also exploring educational programs and collaborations to boost blockchain literacy and encourage broader adoption among developers and enterprises.

Responsible Innovation and Strategic Goals
Gregaard discussed the potential risks and benefits of emerging technologies such as drones, AI, and blockchain. He emphasized that the foundation, along with Emurgo and IOHK, seeks to promote positive applications while reducing negative impacts. The ADA ETF initiative aligns with this mission, combining financial accessibility, institutional adoption, and long-term blockchain sustainability.

By developing a regulated investment vehicle, the Cardano Foundation positions ADA as a mainstream financial asset while reinforcing the network’s role in global enterprise and social projects. Gregaard concluded that the ETF “ticks several strategic boxes,” supporting both investor engagement and broader blockchain adoption worldwide.  

The staking of ETF holdings will be made through SOL Strategies' Orangefin validator that it acquired last December.

Cover image via U.Today

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

Shiba Inu (SHIB) has officially joined Japan's "Green List," opening the way for global acceptance and recognition. The Shiba Inu team announced the news on X, shedding light on the benefits for SHIB investors.

SHIB gets regulatory upgrade in JapanAccording to the team, SHIB is now in the same category as top players like Bitcoin (BTC) and Ethereum (ETH). The green list placement of Shiba Inu signals that the token has satisfied certain stringent standards.

The Green List is an official whitelist maintained by the Japan Virtual and Crypto Assets Exchange Association (JVCEA). This is a self-regulatory body overseen by the Financial Services Agency (FSA).

JVCEA confirmed the addition of Shiba Inu to the Green List on Nov. 12, 2025. Being on the list is like getting a fast pass for Japanese exchanges. Cryptocurrencies must meet strict criteria for safety, transparency and low volatility risk before they can be added to the list. 

Right now, only about 30 tokens have made it to the list. These include Bitcoin, Ethereum, XRP, Polygon (POL), Litecoin (LTC), Hedera (HBAR) and others.

Shiba Inu is the first meme coin on the Green List, elevating it from speculative fun to a legitimate asset in Japan.

Japan’s proposed tax cut to benefit SHIB IinvestorsSHIB joining the Green List is about official recognition and potential tax relief for the meme token. Crypto gains in Japan are taxed as miscellaneous income. Simply put, gains from crypto trading are lumped in with things like gambling winnings.

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What this means is that crypto tax in Japan is progressive, and high earners can get rates up to 55%. This is one of the highest rates globally and has deterred many traders, pushing crypto activity to other jurisdictions with more friendly tax. 

In many other countries, crypto gains are taxed separately as capital gains. In the U.S., Senators Cynthia Lummis and Bernie Moreno pushed the Treasury to fix the crypto tax rule hurting firms.

Recognizing the challenge with higher taxes, the FSA has proposed a tax drop from 55% to 20%. The FSA is pushing to reclassify 105 qualifying cryptos, including Green List assets, as financial products.

For SHIB, lower taxes would mean more buying power for Japanese investors. This could unlock both retail and institutional inflows and boost liquidity — and eventually price.

TL;DR

Adam Back estimates Bitcoin has decades before quantum computing becomes a real risk.
The Bitcoin network could implement post-quantum encryption standards (NIST) long before the danger arrives.
The warning contrasts with Chamath Palihapitiya’s prediction, who sees the risk in just 2-5 years.

Currently, one of the most technical and divisive debates in the crypto ecosystem is the threat of quantum computing to Bitcoin. Some investors foresee a cryptographic apocalypse in the short term, while other players call for calm and perspective.

For example, the renowned cryptographer Adam Back, cited in the original Bitcoin white paper and current CEO of Blockstream, minimizes the risk. He recently used his X account to assure that the network has plenty of time to adapt. Back was clear: the danger probably won’t materialize “for 20 or 40 years.”

His statements were a response to a video by entrepreneur and venture capitalist Chamath Palihapitiya, who predicted the risk would become a reality in just two to five years.

One of the most authoritative voices in the industry explained that post-quantum encryption standards approved by the National Institute of Standards and Technology (NIST) already exist and Bitcoin could implement them “long before cryptographically relevant quantum computers arrive.”

The abyss between logical and physical qubits
The focus of the debate is the ability of quantum computers to break Bitcoin’s SHA-256 encryption standard. Palihapitiya suggests that about 8,000 qubits would be needed to achieve this. However, the current technological reality is much more complex.

Experts on the subject differentiate between physical qubits (unstable and prone to “noise”) and logical qubits (stable and corrected, the ones that really matter for cryptography). Although systems with more than 6,000 physical qubits (Caltech) already exist, they are incapable of breaking current encryption standards. For example, Quantinuum’s Helios system needs 98 physical qubits to produce only 48 logical ones. The industry is far from the thousands of stable logical qubits needed.

Although the quantum computing threat to Bitcoin seems distant, experts do warn of a current danger: “Harvest now, decrypt later.” Attackers could be storing encrypted data today, waiting for future technology to allow them to break it. This risk does not directly affect Bitcoin, which can be updated, but it does affect the long-term privacy of sensitive data.

Interestingly, Back suggested in April that if the quantum threat accelerates, it could reveal whether Satoshi Nakamoto is still alive, as the creator of Bitcoin would be forced to move his coins to a quantum-resistant address to protect them.

Aqua introduces a "shared liquidity layer" that enables capital from a single wallet to back multiple trading strategies simultaneously. Nov 17, 2025, 11:54 a.m.

Decentralized exchange (DEX) aggregator 1inch has introduced Aqua, a new liquidity protocol designed to let DeFi applications share the same capital base across multiple strategies without compromising user custody.

Developers can now access the Aqua software development kit (SDK), libraries and documentation on GitHub, with a full front end set to arrive in early 2026, according to a press release shared with CoinDesk.

STORY CONTINUES BELOW

Aqua introduces what 1inch calls a “shared liquidity layer,” allowing capital from a single wallet to back several trading strategies at once. Typically, users must choose one strategy, locking their funds into a specific smart contract.

With Aqua, those same assets remain in the user’s wallet, and strategies only tap into them when trades are executed.

"Aqua solves liquidity fragmentation for market makers by multiplying effective capital. From now on, the only limit to your capital efficiency is your strategy," 1inch co-founder Anton Bukov said. "It's time to help liquidity providers unleash their potential."

In practical terms, a liquidity provider could authorize their tokens for multiple strategies, like automated market makers (AMMs), stable swap pools or custom logic, all at the same time. Each strategy operates with its own rules and access limits, tracked by Aqua’s accounting system.

The developer preview opens the door to early experimentation. Builders can create their own strategies or use 1inch’s partner protocol, SwapVM, to plug into pre-built ones.

This model could improve both capital efficiency — how much liquidity one wallet can provide, and utility efficiency, how many DeFi roles the same capital can play at once. Since funds are not locked in a pool, users can simultaneously provide liquidity, vote in governance, or post collateral on lending platforms.

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

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CRE enables smart contracts that work across blockchains and tap into legacy financial messaging standards, with access to Chainlink's services.

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Chainlink's Chainlink Runtime Environment (CRE) is a platform for institutions to deploy smart contracts across multiple blockchains with built-in compliance and data integration tools.CRE enables developers to write smart contracts that work across blockchains and tap into legacy financial messaging standards, with access to Chainlink's services.It is already being used by major players like JPMorgan and UBS, and will add privacy features, including confidential computing, in early 2026.Read full story

Bitcoin price bounced after a six-month low, but weak liquidity and ongoing liquidations keep the market unsure about near-term direction.

Summary

Bitcoin price hit a six-month low on Sunday before a mild rebound toward 95,500.
Weak liquidity, ETF outflows, and heavy leverage continue to pressure the market.
Analysts expect slow or sideways movement unless support holds and conditions improve.

Bitcoin hit a six-month low over the weekend as liquidity thinned across global markets. Bitcoin dropped to the 92,970 range on Sunday and has since climbed back to around 95,500 as of Nov. 17.

BTC price chart | Source: crypto.news
The fall erased part of the gains made earlier this year. Data shows heavy liquidations across the crypto market in the past day, with Bitcoin (BTC) carrying most of the impact.

Sentiment has weakened sharply. The Crypto Fear and Greed Index has fallen into the “Extreme Fear” band. Since 2017, four of the last five market cycles reached their lowest points when the index touched these levels. Only 2022 played out differently because fear lasted for months.

Some analysts believe liquidity pressure could ease soon as government spending resumes and pending payments start circulating again. A large stimulus package under review in Japan is another factor traders are watching closely.

ETF outflows and the October overhang
Fading expectations for another rate cut in December have added to the pressure. That mix pushed investors out of U.S. spot Bitcoin ETFs last week, reinforcing downward momentum.

Gold and Bitcoin also moved apart after the record liquidation wave in early October. Gold has outperformed Bitcoin through the past month even though the two moved together earlier this year. Markets still have not recovered from the October sell-off.

Analysts point to heavy leverage and forced unwinds as key drivers of recent losses. Digital assets have shed large value since October, with daily losses stacking up. Current valuations remain below pre-liquidation levels, even though crypto fundamentals have not deteriorated.

More political support emerged for digital assets in recent weeks, but Bitcoin has still continued to drift lower.

Technical pressure and near-term outlook
Bitcoin is now testing key support zones. Traders say the lower support band needs to hold to avoid deeper technical stress. Charts point to a bear phase, but earlier cycles show that deep pullbacks have often come before larger rallies.

Economists also point to a changing macro backdrop, with government functions restored, possible rate cuts ahead, and central bank balance sheet tightening nearing its end.

Even with the current weakness, many analysts believe that the market still has a fair chance of recovering over time.

Africa Embraces Stablecoins Via IOTA to Unlock $70B Pan-Continent Trade TechFormed in partnership with the Tony Blair Institute and the WEF, the initiative aims to overhaul trade with USDT payments across 55 African nations. Nov 17, 2025, 12:00 p.m.

The African Continental Free Trade Area (AfCFTA) Secretariat and the IOTA Foundation have introduced a digital trade initiative that places stablecoin-based settlement at the center of efforts to overhaul how goods move across Africa.

The Africa Digital Access and Public Infrastructure for Trade (ADAPT), formed in partnership with the Tony Blair Institute and World Economic Forum (WEF), will establish a shared, open-source digital public infrastructure for the continent’s 55 member states, according to an announcement on Monday.

STORY CONTINUES BELOW

It aims to enable instant cross-border payments, verifiable digital trade documents, and interoperable digital identities. While the initiative is framed as a modernization of trade processes, those involved say stablecoins — specifically USDT — are expected to be a primary engine of adoption.

"Now that we’ve solved the data problem — digitizing and authenticating trade documents — we can do the trade finance part," IOTA Foundation founder Dominik Schiener told CoinDesk. "We will also offer tokenization of physical asserts such as commodities and critical minerals, and cross-border payments using stablecoins like USDT for real-world payments."

The timing of the initiative coincides with the far-reaching inflection point for regulatory oversight of digital currencies. Over the past year, stablecoins have gained clearer regulatory pathways in markets like the U.S. and Hong Kong, fueling ever-higher payment volumes and growing institutional acceptance.

For African governments, this presents an opportunity to leapfrog legacy financial infrastructure and plug directly into stablecoin rails that are becoming normalized worldwide.

Africa’s traders currently face an estimated $25 billion in annual payment transaction fees, while document fraud contributes to billions more in losses, according to Monday's announcement. Trade logistics remain deeply analog: a single shipment may require 30 entities to exchange 240 paper documents. In Kenya, border agents previously needed to log into 13 different systems to verify a consignment.

Pilot deployments of IOTA’s technology in Kenya and Rwanda have already delivered tangible gains. Kenyan exporters are saving around $400 per month on printing and documentation, freight forwarders have cut manual paperwork by up to 60% and border clearance times have fallen from six hours to roughly 30 minutes. Kenya alone now posts around 100,000 transactions per day to IOTA’s distributed ledger.

ADAPT will begin with Kenya, Ghana and a third to-be-confirmed country (likely one in North Africa) before expanding continent-wide from 2026, with the goal of integrating all 55 AfCFTA nations by 2035. AfCFTA estimates digitalization could double intra-African trade, unlock $70 billion in trade value, and generate $23.6 billion in annual economic gains.

"We could help a miner in Rwanda get access to onchain trade finance at 50% of the cost, getting paid almost instantly with low transaction fees using USDT," Schiener told CoinDesk. "This is how we move beyond the typical boom and bust cycles in crypto and anchor our industry with real assets, real adoption, and real value."

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

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Crypto analyst Chad has revealed two scenarios that could unfold for XRP amid the recent crypto market downtrend. The analyst also stated that XRP investors would win, regardless of which scenario played out. 

Two Scenarios That Could Play Out For XRP At The Moment
In an X post, Chad stated that there are two options, with the first being that the XRP price stays the same as today, and then the ETFs buy the entire circulation supply in exactly one year. Meanwhile, the second option is that the XRP price rises dramatically, and the acquisition of XRP declines because the altcoin becomes more expensive to buy. 

The crypto analyst declared that XRP holders will win either way. He indicated that the XRP price would surge drastically if ETFs were to accumulate significantly. Notably, the first ‘33 Act XRP ETF just launched last week and has recorded significant net inflows. SoSo Value data shows that the Canary XRP fund took in $245 million on the first day and $243 million on the second day of trading. 

Meanwhile, other pending XRP ETFs are expected to launch soon. The first among them is Franklin Templeton, which is likely to launch this week after earlier filing an updated S-1, which removed the delay amendment. Bitwise and 21Shares could also launch this week, following a similar move. 

As Chad suggested, these XRP ETFs are bullish for the XRP price, considering the amount of fresh capital that could flow into the altcoin’s ecosystem through these funds. Institutional investors have already shown huge interest in XRP, as evidenced by the fact that Canary’s fund has had the best launch this year in terms of trading volume and inflows. 

Analyst Shares ETFs Impact Launch Model
In another X post, Chad shared the XRP ETFs launch impact model, showing how high the XRP price could reach thanks to these funds. The model showed that 20 ETFs seeded at $45 million each, with a total inflow of $900 million, would absorb 1.5% of the altcoin’s supply and could spark an XRP price surge to between $10 and $17 within 30 days. Meanwhile, the price could rally to between $13 and $24 within 60 days based on the model. 

Source: Chart from Chad from X
Chad also revealed how the XRP ETFs could spark a supply shock for XRP. He noted that the OTC desks will initially run cover for the ETFs, but they will inevitably have to buy on public exchanges at some point. The analyst revealed that the XRP supply on exchanges is 2.8 billion, an amount that he expects the ETFs should be able to buy up. 

At the time of writing, the XRP price is trading at around $2.25, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.26 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Pxfuel, 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.

Bitcoin tests channel support as RSI hints at bullish divergence.Gold targets Fair Value Gap reclaim for trend continuation.Silver battles trendline support at key Fibonacci levels.Bitcoin, Gold, and Silver prices have reached major price levels where the market could soon flip direction, because early technical indicators suggest a possible reversal.

As of this writing, the prices of BTC, XAU, and XAG were testing critical support levels, amid elevated fear levels in the market and concerns over the pioneer cryptocurrency’s death cross.

Bitcoin Bulls Show Up Amid Death Cross FearsThroughout the past weekend, crypto traders and investors discussed the death cross, a technical formation on the BTC/USDT trading pair that is expected to determine Bitcoin’s next directional bias.

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Bitcoin was trading for $95,624 as of this writing, continuing its descent within a well-defined descending channel that has governed price action since early October.

Each attempt to break above the upper boundary has failed, and the price is now testing the lower channel support. The consolidation at current levels suggests that BTC is preparing for a decisive move.

The Volume Profile highlights a major liquidity cluster at $100,000–$105,600, which could present an overhead resistance. However, with the green horizontal bars representing bullish volume profiles, bulls are waiting to interact with the BTC price in these areas. Such bullish dominance could see the pioneer crypto.

BTC repeatedly rejected the $100,200 level, signaling strong sell pressure from trapped longs and larger players distributing near the psychological six-figure mark.

The RSI (Relative Strength Index) at 41 indicates bearish momentum, but with the potential for bullish divergence forming as the price nears the channel bottom. The Awesome Oscillator (AO) remains negative but is moderating, indicating weakening downside strength. This is a typical precursor to a relief rally.

Bitcoin (BTC) Price Performance. Source: TradingViewImmediate support lies at $94,504, marking the lower boundary of the channel. A breakdown risks a deeper decline toward $92,000–$90,000, where the next VPVR (Volume Profile Visible Range) support band sits.

However, if bulls defend this zone and force a rebound, BTC could overcome the immediate resistance at $98,000, followed by the critical breakout zone at $100,198.

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The next major trend shift hinges on whether Bitcoin holds the channel support. A confirmed breakout above $100,000–$102,000 would signal a bullish trend shift, while a breakdown risk accelerates the downtrend.

Gold Needs to Fill the Imbalance due to the FVGGold trades near $4,081, consolidating after a brief price drop on November 14, as indicated by the long red candlestick. This drop resulted in a Fair Value Gap (FVG) of approximately $4,135–$4,188, representing an inefficiency in the XAU/USD market that needs to be addressed.

The chart shows a textbook example of a supply overhang, where bearish volume profiles (red horizontal bars) overlap with the midline of the FVG (Consequential Encroachment or CE) at $4,135.

A break and close above this midline on the 4-hour timeframe will confirm the continuation of the uptrend.

The gold price is now trading at $4,081, with bullish volume profiles (green horizontal bars) overhanging above it, indicating XAU is in the hands of the bulls. This adds credence to the thesis that the gold price could extend its rally to fill the imbalance due to the FVG.  

Gold (XAU) Price Performance. Source: TradingViewSponsored

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Beneath this sits a deeper Demand Zone at $3,983–$3,938, which historically attracted strong buying. If the price dips into this zone, a sharp bullish reaction is likely.

Momentum remains soft. The RSI at 42 is attempting a mild recovery but remains below the equilibrium level, indicating sellers still dominate.

The AO is deeply negative, confirming ongoing bearish momentum, although the histogram bars are shrinking, showing early signs of exhaustion.

For upside continuation, gold must reclaim the FVG at $4,135. A clean break and candle close above this zone would signal a bullish continuation toward $4,188 and the macro resistance at $4,244–$4,272. Conversely, failure to hold $4,061 risks a slide into the demand zone before any recovery.

Silver Risks Losing Support Due to the TrendlineSilver is currently trading around $50.88, attempting to stabilize after a sharp pullback from the recent high at $54.37.

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The correction found temporary support near the 61.8% Fibonacci retracement at $50.96, which has now turned into resistance, aligning with a rising trendline of support. This suggests buyers and sellers are defending this zone aggressively.

The Volume Profiles show a heavy node between $49.80–$51.20, indicating high liquidity and strong interest; this zone acts as a magnet for price.

A decisive close above the 61.8% Fibonacci retracement level could open the door back toward the 78.6% Fibonacci level at $52.46 and ultimately retest $54.37.

Silver (XAG) Price Performance. Source: TradingViewHowever, a breakdown below the trendline would expose key supports at the 50% midrange of the Fibonacci indicator, at $49.91, and the 38.2% Fibonacci retracement level, at $48.86, both of which sit within strong previous consolidation.

Momentum indicators lean neutral-bearish. The RSI at 45 indicates a recovery attempt but remains below its midline, suggesting indecision following recent selling pressure.

The Awesome Oscillator is printing red bars, hinting that bearish momentum remains in control but is weakening.

Overall, silver is at a critical support, where bulls must hold the trendline. A bounce from here could fuel a new rally, while a breakdown risks a deeper correction toward $48–$49.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The discussion around the optimism op price prediction 2025 is intensifying as the Layer-2 token navigates one of its most critical phases of the year. After months of persistent decline, the Optimism OP current price action in November sits at a major demand zone that could shape the next big move, which could be a 200% bullish reversal or new lows.

Year-long Decline Sets the Stage for November’s Crucial TestThroughout 2025, the Optimism crypto has remained in a pronounced downtrend. The year opened near $2.18 before slipping consistently into a steep falling wedge pattern, hitting a low of $0.234 on October 10. This prolonged bearish stretch illustrates how weak bullish demand has been repeatedly overshadowed by dominant selling pressure.

However, November brings a notable shift. The Optimism OP price today is consolidating near the wedge’s lower boundary around $0.390, while the Optimism OP market cap stabilizes near $737.77 million. This zone has historically acted as a reaction point, making the current setup vital for any meaningful optimism op price forecast 2025.

Technical Indicators Hint at Rising Buyer StrengthAlthough short-term EMA bands, particularly the 20-day and 50-day, continue to suppress upward break attempts at the moment, but momentum indicators tell a different story. 

The Bullish MACD has already printed a bullish cross with a slowly rising histogram, indicating buyer conviction in November is trying its best to improve from the current range.

Similarly, the AO indicators histogram is also recovering from October’s bearish dominance, reinforcing the idea that short-term bullish strength is really re-entering the market. Money flow metrics are also shifting upward, with CMF at 0.02, confirming positive inflows. 

Meanwhile, RSI has climbed from oversold levels to 42.86, suggesting recovery toward a more neutral-to-bullish zone. If this momentum pushes RSI above 55–60, a sharper rally is likely.

As a result, a potential retest of the wedge’s upper boundary near $0.70 appears feasible at this time. This level aligns with the 200-day EMA, which is an important structural barrier. 

A breakout above this level may accelerate the optimism op price prediction 2025 target toward the $1.20 region before the year ends. Conversely, failure to hold current demand could expose a psychological support near $0.10.

On-Chain Strength Counters Price WeaknessApart from muted price action of OP and despite a sharp drop in TVL from $1.02 billion in March 2024 to $301.42 million today, Optimism is still far from an inactive state and dying state that many are assuming after witnessing TVL crash and price altogether. 

According to Defillama, the network hosts 352 protocols, including Uniswap, AAVE, Chainlink, Morpho, Farcaster, and many more. the OP ecosystem still hosts competitive and relevant on-chain activity.

Moreover, blockchain fundamentals remain strong. Daily transactions on OP Mainnet continue to trend upward, while the total number of distinct addresses has surged to an all-time high of 384.257 million. 

This expanding user base reinforces long-term utility, supporting a positive optimism op price prediction 2025 despite recent declines.

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XRP Faces a Critical Moment According to market analyst Genny Cruz, XRP may be nearing its “final shakeout” phase before a potential breakout, as the asset’s short-term chart continues to test trader sentiment. 

Source: Genny CruzThe 1-hour chart, currently marked by sharp volatility and tight ranges, reflects a market caught between caution and anticipation.

XRP’s bounce from $2.1893 injected renewed optimism into the market. The rebound demonstrated that buyers are still aggressively defending lower levels, preventing the asset from slipping into deeper downside territory. 

However, that optimism was quickly tempered when XRP faced a strong rejection at $2.28, a level that has now emerged as a key short-term resistance.

This rejection has led to intensified scrutiny of the $2.22 support zone, an area Cruz identifies as the pivotal line in the sand. 

“If $2.22 holds,” she notes, “then what we’re seeing is likely just consolidation, a healthy pause where the market resets, shakes out weak hands, and builds pressure for the next move.”

If support holds, XRP could be gearing up for another push at the crucial $2.28 barrier, a level that has repeatedly halted momentum. A clean breakout could trigger a sharper move, with liquidity above resistance still thin and price currently hovering at $2.27.

XRP Could Be Entering a Major Liquidity Phase as Franklin Templeton’s EZRP Set to LaunchXRP is edging toward what analysts call a potential ‘major liquidity phase’ after Canary Labs’ XRPC delivered a record-breaking debut last week. 

The surge in inflows, trading activity, and institutional interest around XRPC has amplified speculation about the next wave of XRP-linked financial products.

Analysts now point to Nov. 18 as a pivotal moment, when global asset-management giant Franklin Templeton launches its XRP exchange-traded product, EZRP. The upcoming debut has already fueled industry-wide anticipation, with experts suggesting EZRP could rival, if not surpass, the breakout success of Canary’s XRPC.

Why is this important? Well, Franklin Templeton’s entry marks a major turning point for XRP’s market structure. Franklin brings decades of proven credibility, global distribution reach, and institutional expertise built on its $1.6 trillion asset base, advantages that could give the new EZRP product a decisive edge as investors explore XRP exposure.

Market strategists say brand reputation may be the decisive factor. Canary’s $245 million record debut set the pace, but Franklin Templeton’s deep trust with traditional investors could attract far larger, more conservative inflows. If both products sustain strong performance, this rivalry may trigger a broader liquidity cycle for XRP.

Therefore, if Franklin Templeton’s debut attracts substantial inflows, it could ignite fierce competition among XRP products and cement XRP’s foothold in mainstream investment portfolios.

ConclusionXRP’s current price action reflects strategic positioning rather than panic. Trading tightly between key support and resistance, the market signals an imminent move. The next direction hinges on behavior around $2.22, but underlying pressure is building. As analyst Genny Cruz notes, this could be the final reset before momentum accelerates.

On the other hand, with Franklin Templeton’s EZRP set to launch on Nov. 18, institutional credibility, investor confidence, and rising XRP adoption point to a potential major liquidity phase.

Whether EZRP outperforms or complements Canary’s XRPC, XRP is clearly entering a new era of mainstream attention, deeper market engagement, and heightened price potential.

2 minutes ago

SGX is aiming to capture rising institutional crypto demand by launching the second set of Bitcoin and Ether perpetual futures products in Singapore.

19

Singapore’s main derivatives exchange will introduce two new cryptocurrency futures products this month, citing rising institutional interest in digital assets.

SGX Derivatives is launching Bitcoin (BTC) and Ether (ETH) perpetual futures, which are financial derivatives contracts enabling investors to bet on the spot price of the underlying asset without an expiration date.

In a Monday announcement, SGX said it is launching new trading products to meet what it describes as the “rising institutional crypto demand, converging TradFi and crypto-native ecosystems.”

The perpetual contracts will launch for trading on Nov. 24. Perpetual futures are among the most actively traded crypto derivatives globally and could become a significant new revenue stream for SGX.

The contracts will allow accredited and expert investors to trade exposure to the underlying assets without an expiration date. The offering will be regulated by the Monetary Authority of Singapore (MAS).

SGX Bitcoin and Ether perpetual futures: product features. Source: SGXThis marks the launch of the second Bitcoin and Ether-based perpetual futures in Singapore. The first offering was launched by EDXM International on July 23, along with a total of 44 trading products, including Solana (SOL) and XRP (XRP) futures contracts, according to EDXM’s announcement.

Singapore continues cautious crypto adoptionSingapore has maintained a cautious regulatory posture as it expands its digital asset framework.

In April 2022, Singapore passed the Financial Services and Markets Act (FSM) bill, granting MAS greater authority to regulate crypto firms that operate outside the country but are based in Singapore. 

The MAS previously set a June 30 deadline for local crypto service providers to stop offering digital token (DT) services to overseas markets.

According to the directive, Singapore-incorporated companies or individuals offering DT services outside the country had to cease operations or obtain a license by the time the DTSP provisions came into force.

Firms that violate the rules face fines of up to 250,000 Singapore dollars ($200,000) and prison terms of as long as three years.

Cryptocurrencies are legal in Singapore, but they are not considered legal tender. Instead, they are classified as digital payment tokens (DPTs), securities or utilities depending on their features.

The 2025 Global Crypto Adoption Index Top 20, adjusted by population. Source: Chainalysis.comSingapore ranked 15th on the global cryptocurrency adoption index, as compiled by blockchain analytics company Chainalysis.

Asia Express: Bitcoiner sex trap extortion? BTS firm’s blockchain disaster

Bitcoin’s price movement has kept the entire ecosystem restless. One week it shows strength. The next week it slips just as quickly. Investors are watching every candle. Traders are hunting clues. Everyone is asking the same question. What do we expect as we enter the final stretch of the year?
This week delivered a bit of clarity. Three major voices stepped forward with strong opinions. Robert Kiyosaki. Michael Saylor. Eric Trump. Their comments created a wave of conversation and gave a clearer picture of how influential players view Bitcoin heading into Q4. Beyond the noise, their positions carry weight. And for the ecosystem, their tone matters more than ever.

Why These Voices Matter Now
The market is sitting at a sensitive point. Bitcoin is consolidating in a tight range. Liquidity is thin. Sentiment is fragile but hopeful. When long-term thinkers speak, they influence both institutions and everyday holders. Their perspective often shapes the narrative that money follows. So their comments this week are not just reactions to price. They are signals for what comes next.

Kiyosaki. Bitcoin as Protection
Robert Kiyosaki stayed true to his long-held stance. He believes a major crash is coming, not just in markets but in the broader financial system. Instead of selling, he is buying more.

His argument is simple. He trusts what he calls the “laws of money.” Gresham’s Law. Metcalfe’s Law. In his view, the Federal Reserve and US Treasury break these laws by printing what he calls “fake money.” And when that happens, as he puts it, real assets move into hiding.

CRASH COMING: Why I am buying not selling.

My target price for Gold is $27k. I got this price from friend Jim Rickards….and I own two goldmines.

I began buying gold in 1971….the year Nixon took gold from the US Dollar.

Nixon violated Greshams Law, which states “When fake…

— Robert Kiyosaki (@theRealKiyosaki) November 9, 2025

Kiyosaki’s targets remain bold. He sees Bitcoin hitting $250k in 2026. Gold at $27k. Silver at $100k. Ethereum at $60k. These predictions come from his circle of macro thinkers and analysts, and he backs them with personal conviction.

Kiyosaki is protecting himself with Bitcoin. And even when the market crashes, he continues to accumulate. His message to the ecosystem is a familiar one. The financial system is fragile. Savers lose in inflationary economies. True wealth, in his view, comes from holding assets that cannot be printed. Bitcoin sits at the center of that thesis.

Saylor. Bitcoin as Digital Capital

Michael Saylor remains the philosopher of the ecosystem. For him, Bitcoin is not just money. It is digital capital for the next hundred years. His conviction is unchanged. MicroStrategy continues to accumulate.

He expects Bitcoin to push into new all-time highs this quarter. Saylor’s message is aimed at institutions and governments. He speaks to people who think in decades, not months. His tone reinforces the idea that Bitcoin is becoming a formal treasury asset rather than a speculative trade.

JUST IN: Michael Saylor predicts Bitcoin will reach $150,000 by end of this year. pic.twitter.com/ovPz5fMFLW

— Watcher.Guru (@WatcherGuru) October 29, 2025

Eric Trump. The Extreme Bull
Eric Trump took an even bolder stance. He believes a rotation from gold into Bitcoin is no longer a theory but an inevitable shift. He points to scarcity, adoption, and institutional pressure as the drivers.

🇺🇸 ERIC TRUMP SAID #BITCOIN IS ABOUT TO GO PARABOLIC IN THE NEXT 2 MONTHS

IT’S COMING 🚀 pic.twitter.com/8w5fsI71El

— Vivek Sen (@Vivek4real_) November 2, 2025

His long-term projection is the most aggressive. He sees $1M per Bitcoin in the future. Whether or not that number proves accurate, it shows how deeply Bitcoin has moved into mainstream high-net-worth circles. The asset is no longer niche. It is part of global political and financial conversations.

What This Means for the Bitcoin Ecosystem
Influential voices shape attention. Attention shapes liquidity. Liquidity shapes price. Kiyosaki brings retail confidence. Saylor brings institutional credibility. Trump brings cultural and political reach. When all three point in the same direction, it strengthens the belief that Bitcoin is still early in its transition from risk asset to global store of value.

It also signals a shift in how large players are preparing. Treasuries are buying more actively. ETFs continue to pull steady inflows. Mining difficulty remains near its peak. Developers are pushing new Bitcoin-layer innovations. The ecosystem is no longer waiting for approval from the world. It is acting as though it has already earned it.

Source: CoinMarketCap
What Bitcoin Has Done Lately
Price action has stayed within $95k and $110k range. Volatility remains tight but stable. The market continues to hold strong above the ninety thousand zone.

Historically, Q4 delivers some of Bitcoin’s best performance. Returns often strengthen during this period. The major resistance remains at $110k. A clean breakout above that level unlocks fresh momentum.

What to Expect in the Weeks Ahead
Momentum is building slowly. Sentiment is turning positive again. Institutional interest is rising after a quiet September and October. If Bitcoin breaks resistance with strong volume, the path toward $125k before year-end becomes realistic. If it fails that breakout, sideways action may continue. Global macro conditions are still mixed. But the overall direction remains upward.

Regulatory conversations around ETFs and corporate treasury rules could introduce new inflows. Miner behavior is stable. Long-term holders are refusing to sell. The most reliable strategy remains disciplined accumulation rather than emotional short-term trading.

WARREN BUFFET trashes BITCOIN

Warren Buffet is arguably the smartest and maybe the richest investor in the world.

He trashes Bitcoin saying it is not investing….it is speculation….. ie gambling.

He is saying a blow off top will wipe out Bitcoiners.

And from his worldly view…

— Robert Kiyosaki (@theRealKiyosaki) November 17, 2025

Final Thoughts. A Pivotal Quarter

Q4 2025 is shaping up as a decisive moment for Bitcoin. Kiyosaki is buying more. Saylor is reinforcing the idea of digital capital. Trump is calling for a historic shift in global wealth.

These are not random comments. They show growing confidence from people who think long term. Bitcoin’s day-to-day movements still create noise. But its long-term story remains the same. The asset is slowly moving from speculation to infrastructure. From investment to foundation.

For the community, the message is clear. Stay informed. Stay steady. The big players are positioning themselves for what comes next. And this quarter may set the tone for the year ahead.

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

SOL gains 0.79% daily but drops 16% weekly, testing key support zones as traders eye $142 for confirmation of momentum.

Izabela Anna2 min read

17 November 2025, 12:26 PM

Solana continues to hover near important support levels, with traders watching for confirmation of a market shift after a volatile week. The asset’s price recovered slightly to $142.27 as of press time, yet the broader structure still reflects sustained pressure. Market data shows a 0.79% daily gain but a significant weekly decline of nearly 16%. 

TD Sequential Signals Potential StrengthAli Martinez noted a fresh TD Sequential buy signal on the 12-hour chart. That setup often appears near exhaustion points. The indicator flashed its signal after a completed red nine count. This pattern strengthens the argument for a short-term rebound attempt.

Moreover, Solana now stabilizes near the $136–$139 support band. This zone cushioned previous pullbacks and attracted early buyers. Martinez believes a break above $142 would confirm momentum. Failure to hold the lower boundary exposes $131 and later $126. This creates a tight technical window where buyers attempt to regain control.

Elliott-Wave Outlook Suggests Crucial ThresholdMan of Bitcoin outlined a different structural risk. He pointed to the broader Elliott-wave roadmap, which depends on the $127 level. Holding above $127 keeps the white scenario valid. A breakdown opens deeper ranges linked to extended Fibonacci projections. These projections align with areas around $117 and $106.

Additionally, price action drifts toward the 0.786 and 0.887 Fibonacci region. That cluster forms a dense support band between $146 and $136. This region attracted strong reactions during earlier declines. However, momentum still favors a final liquidity sweep unless $127 remains intact.

High-Volume Zones Shape the Next MoveSource: X

CryptoPulse highlighted a broader weekly perspective. Solana now tests the first major high-volume support zone near $135–$145. A deeper zone sits between $118 and $126. A sweep of the lower area would reset the structure and potentially prepare for a stronger rally. Besides, this area created major trend pivots during earlier cycles.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

TLDR

Franklin Templeton launches XRP ETF (EZRP) on November 18, following Canary Capital’s record $58 million debut
Whale activity reaches 4-month high with 716 transactions over $1 million and $768 million accumulation
XRP trades at $2.24-$2.26, down 0.61-1.61% daily with $136 billion market cap
Bitwise plans XRP ETF launch on November 20, expanding institutional access
Technical indicators show TD Buy signal and support at $2.43, suggesting potential rebound

Franklin Templeton will launch its XRP exchange-traded fund on November 18 with the ticker EZRP on the CBOE. The fund follows Canary Capital’s XRPC ETF which recorded $58 million in trading volume on its first day.

XRP price currently sits at $2.24 according to CoinMarketCap data. The cryptocurrency has declined 1.61% over the past 24 hours.

Market capitalization stands at $135.33 billion while trading volume dropped to $3.26 billion. This represents a 56.5% decrease from previous periods.

Whale activity has reached a four-month peak with 716 transactions exceeding $1 million each. Data from Santiment shows these large holders have accumulated $768 million worth of XRP over the past four days.

The surge in whale transactions coincides with price stability around the $2.20 level. This pattern suggests strategic positioning by institutional and high-net-worth investors.

Technical Indicators Point to Potential Recovery
Technical analysis reveals XRP remains in a descending channel testing support around $2.43. The price recently pulled back from resistance at $2.55.

A TD Buy signal has appeared on the XRP chart indicating a possible rebound. The blue moving average sits above the red suggesting continuation of an upward trend.

The MACD indicator remains above zero showing stronger buyer momentum. Price rebounded from the 38.2% Fibonacci retracement level which often marks trend reversals.

Should the weekly candle close above the green support zone XRP could move toward $2.52. Potential resistance levels exist at $3.66, $4.12, and $4.71 based on Fibonacci extensions.

XRP Price on CoinGecko
Multiple ETF Launches Expand Market Access
Bitwise will launch its XRP ETF on November 20 just two days after Franklin Templeton’s debut. The fund targets hedge funds, family offices, and institutional players familiar with crypto markets.

Franklin Templeton recently submitted an updated S-1 with simpler registration language. This accelerates the regulatory process ahead of the launch.

Investors often prefer established firms like Franklin Templeton for ETF investments. Analysts predict EZRP could outperform Canary’s XRPC in early trading.

Crypto expert EGRAG noted that XRP’s 15% drop since the first ETF launch mirrors Bitcoin’s pattern. Bitcoin fell 20% after its own ETF launch before recovering.

#XRP has seen a 15% decline since the launch of the first #ETF. While, #BTC experienced a drop of around 20% on its #ETF launch date.

If we follow the same trend, #XRP could drop an additional 5% to match #BTC's performance. Additionally, compared to #ETH, which dropped 40%… https://t.co/oSnZ1e7lEX

— EGRAG CRYPTO (@egragcrypto) November 16, 2025

Javon Marks highlighted how XRP delivered a 6X return last cycle when markets doubted it. The expert believes major ETF launches could trigger another strong upside move.

Ripple Bull Winkle compared BlackRock’s Bitcoin ETF initial volume of $111.7 million to Canary’s XRP ETF at $245 million. The XRP fund doubled Bitcoin’s initial trading activity.

CANADA - 2025/10/21: In this photo illustration, the Cleveland-Cliffs (CLF) logo is seen displayed on a smartphone screen. (Photo Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images)

SOPA Images/LightRocket via Getty Images

Over the last month, Cleveland-Cliffs (NYSE:CLF) has experienced a decrease of approximately 25% in its share price, a significant decline for a company that had been benefiting from positive trade-policy news and expectations of a revival in automotive-steel demand.

However, if you are looking for a less volatile investment than holding a single stock, you might want to consider the High Quality Portfolio. This portfolio has significantly outperformed its benchmark, which is a combination of the S&P 500, Russell 2000, and S&P MidCap indexes, achieving returns that exceed 105% since its establishment. Also, check out – Opendoor Stock – The Comeback Story.

Reasons for the DeclineA combination of several company-specific challenges and broader economic headwinds has led to the drop in CLF's stock:

Revenue & margin pressures. In Q3 2025, Cleveland-Cliffs reported revenues of approximately US$4.7 billion, down from US$4.9 billion in Q2 of the same year. The adjusted net loss was US$ 223 million, or US$ 0.45 per diluted share. While the adjusted EBITDA rose to US$ 143 million from US$ 94 million in the previous quarter, it is worth noting that the company remains in a loss position and revenues have slightly decreased quarter-over-quarter.Weak selling price & product mix challenges. Within the steel-making division, the average net selling price per ton was US$ 1,032 in Q3, a minor decline from US$ 1,045 a year prior. Although shipment volumes increased to 4.0 million net tons from 3.84 million a year earlier, cost pressures persisted, and the margins remained slim (cash margin of US$205 million for Q3 compared to US$110 million a year ago) in a difficult market.External demand & macroeconomic risks. The steel industry as a whole is experiencing cyclical demand challenges (construction, manufacturing, automotive) and facing competition from imports.Discrepancy between strategic vision and execution. Although CLF has introduced strategic initiatives (such as evaluating rare-earth mineralization at sites in Michigan & Minnesota and forming a memorandum of understanding with a global steel producer), investors seem hesitant until more tangible outcomes are realized. When a company continues to operate at a loss and offers cautious guidance, its growth narrative may lose traction.These elements have all played a role in the 25% decline of the stock — indicative of a reassessment of risks rather than just opportunities. For further insights, see, Would You Still Hold Cleveland-Cliffs Stock If It Fell Another 30%?

Future OutlookMoving forward, several critical themes and metrics will determine whether the stock stabilizes, recovers, or continues its downward trend.

MORE FOR YOU

Implementation of strategic initiatives: CLF is assessing the potential for rare-earth minerals at mining locations in Michigan and Minnesota. Additionally, they hold a memorandum of understanding with a significant global steel producer, which could expedite growth if finalized as a binding agreement. The success of these initiatives is crucial for maintaining investor confidence.Margins & recovery in steel demand: Approximately 30% of the steel-making revenues in Q3 stemmed from the automotive sector (? US$1.4 billion of the steel segment), making automotive recovery a significant factor. Nonetheless, CLF must demonstrate consistent improvements in margins, reduce costs, and stabilize pricing. Their cost reduction targets (for example, aiming for ~US$50/ton unit cost savings compared to 2024) are important indicators to monitor.
Financial stability & liquidity management: CLF concluded Q3 2025 with around US$ 3.1 billion in consolidated liquidity. While this provides some safety, ongoing losses and the cyclical nature of steel production raise the possibility of investor apprehensions regarding capital dilution, debt issues, or margin declines.Valuation & risk-reward dynamics: Given the decline in stock price, some level of risk may already be accounted for. However, positive developments — such as a confirmed deal, evidence of rare-earth feasibility, or stronger-than-anticipated steel demand — will be critical for generating upside. Conversely, ongoing stagnant or negative performance could result in further declines.ConclusionThe 25% decline in CLF's stock over the previous month indicates that the market is transitioning from optimistic projections to a focus on execution. The company has intriguing strategic goals, but the immediate challenge is demonstrating that this vision can lead to enhanced earnings, improved margins, and positive cash flow. Currently, we value CLF stock at $11, aligning with the prevailing market price.

Now, we implement a risk assessment framework while constructing the Trefis High Quality (HQ) Portfolio, which boasts a collection of 30 stocks that have consistently outperformed the S&P 500 over the past four years. What accounts for this? As a collective, HQ Portfolio stocks have yielded superior returns with reduced risk compared to the benchmark index; it offers a steadier performance as seen in the HQ Portfolio performance metrics.

Hod Hasharon, Israel, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Allot Ltd. (NASDAQ: ALLT, TASE: ALLT), a leading global provider of innovative Security-as-a-Service (SECaaS) and network intelligence solutions for communications service providers and enterprises, today announced that CEO Eyal Harari and CFO Liat Nahum, will participate in the 6th Annual Needham Tech Week, taking place between November 20-24, 2025.

Allot’s management will host virtual investor meetings on Monday, November 24, 2025. To schedule a meeting, please contact your Needham representative or email a request to the investor relations team at [email protected]

About Allot

Allot Ltd. (NASDAQ: ALLT, TASE: ALLT) is a leading provider of innovative converged cybersecurity solutions and network intelligence offerings for service providers and enterprises worldwide. Allot enhances value to its customers’ customers through its solutions, which are deployed globally for network-native cybersecurity services, network and application analytics, traffic control and shaping, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Our industry-leading network-native security-as-a-service solution is already used by many millions of subscribers globally.
For more information, visit www.allot.com

Safe Harbor Statement

This release contains forward-looking statements, which express the current beliefs and expectations of Company management. Such statements involve a number of known and unknown risks and uncertainties that could cause our future results, performance or achievements to differ significantly from the results, performance or achievements set forth in such forward-looking statements. Important factors that could cause or contribute to such differences include risks relating to: our accounts receivables, including our ability to collect outstanding accounts and assess their collectability on a quarterly basis; our ability to meet expectations with respect to our financial guidance and outlook; our ability to compete successfully with other companies offering competing technologies; the loss of one or more significant customers; consolidation of, and strategic alliances by, our competitors; government regulation; the timing of completion of key project milestones which impact the timing of our revenue recognition; lower demand for key value-added services; our ability to keep pace with advances in technology and to add new features and value-added services; managing lengthy sales cycles; operational risks associated with large projects; our dependence on fourth party channel partners for a material portion of our revenues; and other factors discussed under the heading "Risk Factors" in the Company's annual report on Form 20-F filed with the Securities and Exchange Commission. Forward-looking statements in this release are made pursuant to the safe harbor provisions contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made only as of the date hereof, and the company undertakes no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

, /PRNewswire/ - Jones Soda Co. (CSE: JSDA) (OTCQB: JSDA) ("Jones Soda" or the "Company"), today announced its financial results for the third quarter ended September 30, 2025.

Third Quarter 2025 Financial Summary vs. Year-Ago Quarter 

Revenue increased by 15% to $4.5 million compared to $3.9 million.
Net loss was $1.4 million, or $(0.01) per share, compared to a net loss of $2.6 million, or $(0.02) per share.
Adjusted EBITDA1 was $(0.9) million compared to $(2.2) million, an improvement of $1.1 million or 62% over the prior year.

Third Quarter 2025 and Recent Activity Update

Expanded into _3_ additional club and DSD distribution networks in the third quarter bringing the total DSD networks to 36.
Consolidated MyJones and e-Commerce under one central fulfillment partner, reducing cost and increasing efficiency.
Streamlined cost of goods through supplier re-negotiations and new partnerships.
Launched Mary Jones ZERO, introducing a zero-sugar beverage designed to deliver the same fun and flavor experience while appealing to health-conscious consumers.
Released the Bethesda Fallout Vault‑Tec Supply Pack, in collaboration with Bethesda Softworks, featuring Sunset Sarsaparilla 4-packs to celebrate Fallout™ Day and target gaming fans and collectors.
Presented at the Gateway Conference providing investors and analysts with an update on business performance, growth strategies, and key initiatives for the remainder of the year.

Management Commentary

"This quarter, we expanded our Zero Sugar lineup, added new distribution channels, and launched several initiatives designed to accelerate sales," said Scott Harvey, CEO of Jones Soda.  "Moving forward, we expect these initiatives to continue driving momentum across our portfolio and deliver tangible results in the quarters ahead. Our success with the Bethesda initiatives underscores the Company's ability to identify and capitalize on high-quality sales opportunities driven by cultural relevance and social conversation. We are encouraged by the momentum these partnerships create in both sales and brand equity, and we will continue to pursue similar prospects in the quarters ahead. While we believe that provisions in recent federal legislation passed to reopen the U.S. Federal government, which altered the federal treatment of hemp-derived products by prohibiting the unregulated sale of intoxicating hemp-based or hemp-derived products (including HD9 products), may ultimately require us to overhaul or phase out our current hemp-derived HD9 product lines, noting the law does not take effect until November 2026 and its practical enforcement remains uncertain, we do not believe that it will materially impact expected sales of our HD9 products in both the fourth quarter of 2025 and early 2026. Additionally, we are seeing significant interest in our Fallout-themed product line, and given the high number of customer purchase orders we have received so far in the fourth quarter for our core soda products, we currently expect significantly increased aggregate sales revenues for our core, modern and adult (Spiked Jones) products.      

"Looking ahead, we are excited to build on our momentum and drive continued growth across our three key categories: Core, Modern, and Adult Beverages. We plan to further innovate within these areas through strategic partnerships, targeted marketing initiatives, and product launches designed to accelerate growth and spread the Jones Soda brand. Our focus remains on strengthening the foundation of the brand through disciplined execution and ongoing portfolio optimization. I believe that with the right portfolio and operational discipline in place, we are well positioned to deliver sustained top-line growth and long-term shareholder value."

_____________________________

1 Adjusted EBITDA is defined as net income (loss) from operations before interest expense, interest income, taxes, depreciation, amortization and stock-based compensation and is a non-GAAP measure (reconciliation provided below).

Fourth Quarter Sales Guidance

The following forward-looking statements reflect the Company's expectations as of November 14, 2025, are subject to substantial uncertainty, and may be materially affected by many factors, many of which are outside of the Company's control.

Based on fourth quarter gross sales to date and purchase orders for delivery in the fourth quarter received from our customers in the core soda segment as of November 14, 2025, the Company currently expects fourth quarter gross sales to exceed $8 million.   

Third Quarter 2025 Financial Results

Revenue in the third quarter of 2025 increased 14.9% to $4.5 million compared to $3.9 million in the prior year period.  The increase in revenue was primarily attributable to growth in our HD9, direct to consumer, fountain, and Spiked Jones products.

Gross profit for the third quarter of 2025 increased 25% to $1.3 million compared to $0.7 million in the year-ago period. The increase in gross profit was primarily driven by higher revenues combined with lower trade spend and continued cost reduction initiatives, specifically in freighting and warehousing.

Total operating expenses in the third quarter of 2025 were $2.7 million compared to $3.4 million in the year-ago period. The reduction was primarily attributable to declines in both selling and marketing expenses and general and administrative expenses

Net loss was $1.4 million, or $(0.01) per share, compared to $2.4 million, or $(0.02) per share. The $1.2 million improvement in net loss was primarily driven by lower operating expenses, which management believes reflects the impact of disciplined cost management initiatives.

Adjusted EBITDA2 was $(0.9) million compared to $(2.2) million and an improvement of $1.1 million or 62% over the same quarter in the prior year.

____________________________

2 Adjusted EBITDA is defined as net income (loss) from operations before interest expense, interest income, taxes, depreciation, amortization and stock-based compensation and is a non-GAAP measure (reconciliation provided below).

Conference Call

Jones Soda will hold a conference call on Monday November 17 at 8:30 a.m. Eastern time to discuss its results for the third quarter ended September 30, 2025.

Chief Executive Officer Scott Harvey and Chief Financial Officer Brian Meadows will host the conference call, followed by a question-and-answer period. During the question-and-answer period, management will address common themes and questions submitted through the webcast portal. Participants who wish to ask a question should join the call via the webcast.

Date: Monday, November 17, 2025
Time: 8:30 a.m. Eastern time (5:30 a.m. Pacific time)
Webcast and Q&A: Link
Toll-free dial-in number: 1-877-407-0784
International dial-in number: 1-201-689-8560
Conference ID: 13757135

Please call the conference telephone number five minutes before the start time. An operator will register your name and organization. If you have any difficulty connecting to the call, please contact Gateway Group at 1-949-574-3860.

A telephonic replay of the conference call will be available after 12:30 p.m. Eastern time on the same day through December 1, 2025.

Toll-free replay number: 1-844-512-2921
International replay number: 1-412-317-6671
Replay ID: 13757135

Presentation of Non-GAAP Information
This press release contains disclosure of the Company's Adjusted EBITDA which is not a United States Generally Accepted Accounting Principle ("GAAP") financial measure. The difference between Adjusted EBITDA (a non-GAAP measure) and Net Loss (the most comparable GAAP financial measure) is the exclusion of interest expense and income, income tax expense, depreciation and amortization expense and stock-based compensation. We have included a reconciliation of Adjusted EBITDA to Net Loss under "Jones Soda Co. Non-GAAP Reconciliation" at the end of this press release. This non-GAAP measure should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP. Adjusted EBITDA has certain limitations in that it does not take into account the impact of certain expenses to our consolidated statements of operations. In addition, because Adjusted EBITDA may not be calculated identically by all companies, the presentation here may not be comparable to other similarly titled measures of other companies. We believe that Adjusted EBITDA provides useful information to investors about the Company's results attributable to operations, in particular by eliminating the impact of non-cash charges related to stock-based compensation, amortization and depreciation that is consistent with the manner in which management evaluates the Company's performance. These adjustments to the Company's GAAP results are made with the intent of providing a more complete understanding of the Company's underlying operational results and provide supplemental information regarding the Company's current ability to generate cash flow. Adjusted EBITDA is not intended to be considered in isolation or as a replacement for, or superior to Net Loss as an indicator of the Company's operating performance, or cash flow, as a measure of its liquidity. Adjusted EBITDA should be reviewed in conjunction with Net Loss as calculated in accordance with GAAP.

About Jones Soda Co.
Jones Soda Co.® (CSE: JSDA, OTCQB: JSDA) is a leading craft soda manufacturer. The Company markets and distributes premium craft sodas under the Jones® Soda brand. Jones' mainstream soda line is sold across North America in glass bottles, cans and on fountain through traditional beverage outlets, restaurants and alternative accounts. The Company is headquartered in Seattle, Washington. For more information, visit www.jonessoda.com, www.myjones.com, or https://gomaryjones.com.

Forward-Looking Statements Disclosure

Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all passages containing words such as "will," "aims," "anticipates," "becoming," "believes," "continue," "estimates," "expects," "future," "intends," "plans," "predicts," "projects," "targets," or "upcoming." Forward-looking statements also include any other passages that are primarily relevant to expected future events or that can only be evaluated by events that will occur in the future. Forward-looking statements are based on the opinions and estimates of management at the time the statements are made and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements. Factors that could affect the Company's actual results, including its financial condition and results of operations, include, among others: its ability to successfully execute on its growth strategies and operating plans for the future; the Company's ability to continue to develop and market hemp-infused beverages and edibles, and to comply with the new federal and state laws and regulations governing hemp and related products, including but not limited to recent federal legislation that prohibits the unregulated sale of intoxicating hemp-based or hemp-derived products (including HD9 products); the Company's ability to manage operating expenses and generate sufficient cash flow from operations; the Company's ability to create and maintain brand name recognition and acceptance of its products; the Company's ability to adapt and execute its marketing strategies; the Company's ability to compete successfully against much larger, well-funded, established companies currently operating in the beverage industry generally and in the craft beverage segment specifically; the Company's ability to respond to changes in the consumer beverage marketplace, including potential reduced consumer demand due to health concerns (including obesity) and legislative initiatives against sweetened beverages (including the imposition of taxes); its ability to develop and launch new products and to maintain brand image and product quality; the Company's ability to maintain and expand distribution arrangements with distributors, independent accounts, retailers or national retail accounts; its ability to manage inventory levels and maintain relationships with manufacturers of its products; its ability to maintain a consistent and cost-effective supply of raw materials and flavors and to manage factors affecting  its supply chain; its ability to attract, retain and motivate key personnel; its ability to protect its intellectual property; the impact of future litigation and the Company's ability to comply with applicable regulations; its ability to maintain an effective information technology infrastructure, fluctuations in freight and fuel costs; the impact of currency rate fluctuations; its ability to access the capital markets for any future equity financing; the Company's ability to maintain disclosure controls and procedures and internal control over financial reporting; dilutive and other adverse effects from future potential securities issuances; and any actual or perceived limitations by being traded on the OTCQB Marketplace. More information about factors that potentially could affect the Company's operations or financial results is included in its most recent annual report on Form 10-K for the year ended December 31, 2024 filed with the Securities and Exchange Commission ("SEC") on April 1, 2025 and in the other reports filed with the SEC since that that date. Readers are cautioned not to place undue reliance upon these forward-looking statements that speak only as to the date of this release. Except as required by law, the Company undertakes no obligation to update any forward-looking or other statements in this press release, whether as a result of new information, future events or otherwise.

JONES SODA CO.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
(Unaudited)

September 30,

2025

December 31,

2024

ASSETS

Current assets:

Cash

$

199

$

1,275

Accounts receivable, net of allowance of $29 and $77, respectively

2,852

1,858

Current note receivable

500

-

Current licensing fees receivable

150

-

Inventories, net

3,261

3,364

Prefunded insurance premiums from financing

-

199

Prepaid expenses and other current assets

2,337

614

Current assets of discontinued operations

-

1,070

Total current assets

9,299

8,380

Long-term note receivable

1,140

-

Long-term licensing fees receivable

1,599

-

Fixed assets, net of accumulated depreciation of $410   and $422,
respectively

44

108

Non-current assets of discontinued operations

-

35

Total assets

$

12,082

$

8,523

LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:

Accounts payable

$

5,589

$

3,279

Accrued expenses

1,246

2,464

Revolving credit facility

1,710

291

Insurance premium financing

-

199

Promissory notes

185

-

Current liabilities of discontinued operations

-

134

Total current liabilities

8,730

6,367

Total liabilities

8,730

6,367

Commitments and contingencies (Note 11)

Shareholders' equity:

Common stock, no par value:

Authorized — 800,000,000  . Issued and outstanding shares —
117,674,036 shares and 115,867,659 shares, respectively

95,691

94,883

Accumulated other comprehensive income

279

222

Accumulated deficit

(92,618)

(92,949)

Total shareholders' equity

3,352

2,156

Total liabilities and shareholders' equity

$

12,082

$

8,523

See accompanying notes to condensed consolidated financial statements.

JONES SODA CO.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
(In thousands, except per share data)

2025

2024

2025

2024

Three Months Ended

September 30,

Nine Months Ended

September 30,

2025

2024

2025

2024

Net Revenue

$

4,500

$

3,915

$

13,624

$

15,155

Cost of goods sold

(3,201)

(3,180)

(9,302)

(10,543)

Gross profit

1,299

735

4,322

4,612

Operating expenses:

Selling and marketing

1,013

1,513

3,186

4,622

General and administrative

1,688

1,841

4,219

5,598

Total operating expenses

(2,701)

(3,354)

(7,405)

(10,220)

Loss from operations

(1,402)

(2,619)

(3,083)

(5,608)

Other income (expenses):

Interest income

54

7

60

13

Interest expense

(87)

(10)

(235)

(17)

Other (expense) income, net

9

(3)

(264)

15

Gain on disposition of subsidiaries

-

-

3,663

-

Total other (expenses) income

(24)

(6)

3,224

11

Income (loss) before income taxes

(1,426)

(2,625)

141

(5,597)

Income tax expense, net

(2)

(5)

(9)

(26)

Income from continuing operations

(1,428)

(2,630)

132

(5,623)

Income from discontinued operations

-

2

199

275

Net income (loss)

$

(1,428)

$

(2,628)

$

331

$

(5,348)

Earning (loss) per share – basic and
diluted

Income (loss) from continuing operations      

$

(0.01)

$

(0.02)

$

0.00

$

(0.05)

Income from discontinued operations

$

-

$

0.00

$

0.00

$

0.00

Total

$

(0.01)

$

(0.02)

$

0.00

$

(0.05)

Weighted average common shares
outstanding - basic and diluted

117,313,096

111,244,803

116,459,818

105,015,962

See accompanying notes to condensed consolidated financial statements.

JONES SODA CO.
NON-GAAP RECONCILIATION
(Unaudited, in thousands)

Three Months Ended September 30,

Nine Months Ended September 30,

2025

2024

2025

2024

GAAP net income (loss) from continuing operations   

$

(1,428)

$

(2,630)

$

132

$

(5,623)

Stock-based compensation

456

367

743

986

Finance costs

87

10

235

17

Depreciation

15

11

45

41

Income tax expenses

2

5

9

26

Loss on disposal

10

-

10

-

Gain on disposition of subsidiaries

-

-

(3,663)

-

Others

-

-

-

-

Non-GAAP Adjusted EBITDA

(858)

(2,237)

(2,489)

(4,553)

SOURCE Jones Soda Co.

November 17, 2025 6:30 AM EST | Source: AuMEGA Metals Ltd.
Edmonton, Alberta--(Newsfile Corp. - November 17, 2025) - AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) ("AuMEGA" or "the Company") is pleased to announce the commencement of a highly anticipated diamond drilling program at its Cape Ray Project in Newfoundland and Labrador, Canada - a major step in unlocking the next phase of discovery across its district-scale land package (Figure 1).

AuMEGA's systematic exploration strategy continues to generate compelling targets across the Cape Ray Shear Zone ("CRSZ"). This program will focus on a large, newly defined airborne electromagnetic ("EM") conductor located in the immediate hangingwall of the Central Zone - a proven high-grade gold system (Figure 2)1.

The conductor, measuring approximately 500 metres by 1,000 metres and open along strike, is located 500 metres southeast of the Company's high-grade Central Zone deposits, and yet has never been drill tested (Figure 2).

Figure 1: AuMEGA Metals Portfolio on the Cape Ray Shear Zone and Hermitage Flexure

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/274725_a7e43dc1846d9b58_001full.jpg

AuMEGA Metal's Managing Director and CEO, Sam Pazuki, commented:

"We are very excited about this drill program. Our extensive till geochemistry, high-resolution geophysics, and structural interpretation have converged to deliver a compelling new drill target located near our existing high-grade gold resource at Central Zone.

What makes this area so exciting is that it was historically overlooked due to no surface exposure, yet it sits on a similar structural network that hosts the Central Zone. The area historically delivered a standout 111.5 g/t gold heavy mineral concentrate sample2 on the flank of this new conductor, and now, with a significant EM anomaly mapped, we are stepping in with the first ever drill holes.

This fully funded drill program, the identification of several drill targets within the EM anomaly as well as the previously announced new multi-kilometre gold corridor identified at Cape Ray West marks the beginning of what we believe is a new chapter of discovery at the Cape Ray Gold Project."

Targeting a Potential New Mineralised Trend

The drill program will initially test priority structures interpreted within the EM anomaly, believed to represent a potential new gold-bearing trend parallel to Central Zone. With the target almost entirely undercover and unexplored, the opportunity to deliver a brand-new discovery is significant.

The program is fully funded. Drilling will begin with one diamond rig, with the option to rapidly scale up to a second rig as results warrant. The Company intends to advance aggressively and maintain momentum through the pre-Christmas field window.

Figure 2: Major Airborne Electromagnetic Anomaly Southeast of the Central Zone deposits3

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/274725_a7e43dc1846d9b58_002full.jpg

Additional Results Expected Soon

The Company also recently completed a till geochemical survey over the Isle aux Morts Granite, another high-priority target within the previously identified multi-kilometre gold corridor4 (Figure 3). Results from this program are expected over the near-term.

Upon receipt, AuMEGA will refine drill locations for Cape Ray West and plans to mobilize for additional drilling if weather and logistics permit. This program is also fully funded.

Figure 3: Cape Ray Project area, till results pending on the Isle aux Morts Granite

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10713/274725_a7e43dc1846d9b58_003full.jpg

This announcement has been authorised for release by the Company's Board of Directors.

About the Company

AuMEGA Metals Ltd (ASX: AAM) (TSXV: AUM) (OTCQB: AUMMF) is utilising best-in-class exploration to explore on its district scale land package that spans 110 kilometers along the Cape Ray Shear Zone, a significant under-explored geological feature recognised as Newfoundland, Canada's largest identified gold structure. This zone currently hosts Equinox Gold's Valentine Gold Project, a multi-million-ounce deposit which is the region's largest gold project, along with AuMEGA's expanding Mineral Resource.

The Company is supported by a diverse shareholder registry of prominent global institutional investors, and strategic investment from B2Gold Corp, a significant, intermediate gold producer.

Additionally, AuMEGA holds a 27-kilometre stretch of the highly prospective Hermitage Flexure and has also secured an Option Agreement for the Blue Cove Copper Project in southeastern Newfoundland, which exhibits strong potential for copper and other base metals.

AuMEGA's Cape Ray Shear Zone hosts several dozen high potential targets along with its existing defined gold Mineral Resource of 6.2 million tonnes grading an average of 2.25 g/t, totaling 450,000 ounces of Indicated Resources, and 3.4 million tonnes grading an average of 1.44 g/t, totaling 160,000 ounces in Inferred Resources5.

AuMEGA acknowledges the financial support of the Junior Exploration Assistance Program, Department of Industry, Energy and Technology, Provincial Government of Newfoundland and Labrador, Canada.

Reference to Previous Announcements

In relation to this news release, all data used to assess targets have been previously disclosed by the Company and referenced in previous JORC Table 1 releases. Please see announcements dated: 16 October 2025, 2 October 2025 and 30 May 2023 as well as Newfoundland and Labrador Mineral Assessment Report #011O/0326 submitted by Dolphin Exploration Ltd in 1988.

In relation to the Mineral Resource estimate announced on 30 May 2023, the Company confirms that all material assumptions and technical parameters underpinning the estimates in that announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcement.

Competent Person's Statements

Geophysics

AuMEGA contracted Axiom Exploration Group Ltd. in conjunction with RPM Aerial Services and Breton Air to fly a TDEM survey using Axiom's proprietary 30Hz XciteTM TDEM system which collected both time domain electromagnetic and magnetic data simultaneously. Flight lines were spaced 100 metres apart at an orientation of 152-332° with tie lines spaced at 1000 metres at an orientation of 62-242°. The survey covered a total area of 59.5 square kilometres.

Historic Results

Some data disclosed in this news release is related to historical sampling. The company has not independently analyzed the results in order to verify the results; however, the Company considers these historical results relevant as the Company is using this data as a guide to plan exploration programs. The full results of the historical work referenced in this release can be accessed online.

Qualified Person

The scientific and technical information in this press release was reviewed and approved by Shamus Duff, P. Geo., Project Geologist. Mr. Duff is a Qualified Person as defined under National Instrument 43-101 and a Professional Geologist registered with Professional Engineers and Geoscientists of Newfoundland and Labrador (PEGNL). Mr. Duff consents to the publication of this press release and certifies that the information is provided fairly and accurately represents the scientific and technical information disclosed within it.

1 2 October 2025 & 30 May 2023 News Release
2 2 October 2025 News Release
3 2 October 2025 News Release
4 16 October 2025 News Release
5 News release dated 30 May 2023

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274725

VANCOUVER, British Columbia, Nov. 17, 2025 (GLOBE NEWSWIRE) -- EnviroGold Global Limited (CSE: NVRO | OTCQB: ESGLF | FSE: YGK) (“EnviroGold” or the “Company”) is pleased to announce the publication of an independent case study by ANDRITZ, a global leader in engineering and industrial simulation, validating the performance and commercial scalability of the Company’s proprietary NVRO Process™.

The study, released by ANDRITZ as part of its IDEAS™ digital-modelling success series, of customer tailings, confirms that the NVRO Process™, EnviroGold’s clean-technology solution for recovering precious, base and critical metals from mine waste, achieves significant enhancements in recovery, concentrate grade, and operating efficiency. These results directly support the Company’s commercialization strategy and global project pipeline.

Key Findings from the ANDRITZ Case Study

Using the IDEAS™ simulation platform, ANDRITZ modelled and optimized the NVRO Process™ flow sheet, demonstrating:

286% increase in gold and 450% increase in silver concentrate grades82% gold recovery in pre-concentration was validated by ALS Global96.3% oxidation efficiency, improving downstream leaching performance67% reduction in concentrate volume for logistics and refining35% reduction in material sent to oxidative leaching, lowering cost and energy load
The ANDRITZ report confirms the NVRO Process™ can be modelled with high accuracy, providing the digital foundation to rapidly replicate and scale the system across multiple global projects.

Third-Party Validation Strengthens EnviroGold’s Commercialization Pathway

This is the first comprehensive third-party digital case study of the NVRO Process™ with ANDRITZ’s findings providing: https://www.andritz.com/metris-en/success-stories/envirogold-success-story

Technical Validation

The optimization model aligns closely with EnviroGold’s lab and pilot results, confirming the underlying chemistry, mass balance, and metallurgical performance of the process.

Commercial Readiness

The IDEAS™ model assists EnviroGold to interpret, understand and rapidly deploy the NVRO Process™ across a wide range of sulphidic tailings sites globally.

Scalable Engineering Platform

Digital replication through IDEAS™ provides the blueprint for fast, efficient engineering across future projects reducing design time, de-risking deployment and supporting a capital-light licensing model.

“The ANDRITZ case study is a major milestone for EnviroGold”, said Grant Freeman, Co-CEO. “It independently validates the NVRO Process™, supports our commercial decision-making, and enables rapid replication across our global pipeline. This is exactly the kind of rigorous, third-party confirmation needed to scale sustainably and profitably”.

“The combination of third-party validation, engineering readiness and strong economics underpins our global scalability. This work strengthens our engagements in the U.S., Australia and European regions now prioritising critical-minerals recovery from mine waste and tailings.”

Positioned for Global Scale

The ANDRITZ study aligns with EnviroGold’s commercialization strategy, focused on:

Licensing the NVRO Process™ to major mining groups;Deploying modular plants across the Americas, Australia, and Europe;Supporting circular-economy metals recovery, aligned with U.S. DOE, DOI and EU CRM mandates; andDelivering recurring royalty and net-smelter-return revenue streams. With the NVRO Process™ now validated across digital, lab and pilot stages, the Company is advancing toward commercial project commitments.

About ANDRITZ

ANDRITZ is a global technology leader providing engineered solutions, equipment, automation, and digital services for the mining, metals, hydropower, pulp & paper, and industrial processing sectors. Headquartered in Graz, Austria and operating in more than 40 countries, ANDRITZ delivers advanced process-optimization systems, including its industry-leading IDEAS™ simulation platform, which is used worldwide to design, test, and optimize complex industrial plants before construction or deployment.

With decades of expertise in metallurgical processing, digital automation, and plant performance modelling, ANDRITZ supports mining companies in improving recovery efficiency, reducing operating costs, lowering environmental impact, and accelerating time-to-market. The company’s commitment to innovation and sustainability has made it a trusted technology partner for global operators seeking safe, reliable, and ESG-aligned performance improvements.

About EnviroGold Global

EnviroGold is a clean-technology company enabling the mining industry to recover high-value metals from mine waste and tailings. The Company’s proprietary NVRO Process™ delivers efficient, low-carbon extraction of precious, base and critical metals, supporting global critical-minerals strategies and ESG standards. Operating under a capital-light licensing model, EnviroGold is building a global portfolio of sustainable metal-recovery projects.

Investors can access the Q3 Investor Presentation on the Company's website at: https://envirogoldglobal.com/investors/, along with the Terra Studio Company Profile at: https://www.terrastudio.biz/blog/post/11325/on-the-cusp-of-formidable-growth/

CONTACTS:
Investor Cubed
Neil Simon, CEO
+1 647 258 3310
[email protected]
[email protected]

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

Forward-Looking Statements

This news release contains “forward-looking statements” and “forward-looking information” within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). Forward-looking statements are often, but not always, identified by words such as “expects,” “anticipates,” “believes,” “intends,” “estimates,” “potential,” “plans,” “projects,” “targets,” “may,” “will,” “should,” “could,” or similar expressions. These statements reflect the Company’s current expectations, estimates, and assumptions, which management believes to be reasonable as of the date hereof, and are based on information currently available to the Company.

Forward-looking statements in this news release include, without limitation, statements regarding: the advancement, scale-up, and commercialization of the NVRO Process™; the expected performance, operating efficiencies, recovery enhancements, cost reductions, and other benefits associated with the NVRO Process™; the implications of the independent ANDRITZ case study and its role in supporting engineering replication, commercial readiness, and global scalability; the potential development of future commercial projects, licensing agreements, partnerships, and deployments across key jurisdictions; and the anticipated contribution of these results to the Company’s broader commercialization strategy, including the potential generation of royalty, net-smelter-return, or recurring-revenue streams.

Forward-looking statements are inherently subject to known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied herein. These factors include, but are not limited to: risks associated with technology performance, process scale-up, engineering replication, and system integration across varying site conditions; the reliability and transferability of modelling or simulation outputs to commercial operations; pilot-plant and demonstration-plant performance risks; variability in tailings characteristics, mineralogy, and availability; engineering, construction, commissioning, and operational risks; access to equipment, manufacturing capacity, and technical support; regulatory, permitting, and environmental-approval processes; market conditions affecting commodity prices, project economics, or demand for critical-minerals recovery; dependence on strategic partners, licensors, and key personnel; the protection, ownership, and enforcement of intellectual-property rights; and the availability of capital, liquidity, and general economic, political, and market conditions. Additional risks and uncertainties are described in the Company’s public disclosure documents available under its profile on SEDAR+ at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by applicable securities laws, the Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

JACKSONVILLE, FL., Nov. 17, 2025 (GLOBE NEWSWIRE) -- LFTD Partners Inc. ("LFTD Partners" or the "Company") (OTCQB: LIFD), the corporate parent of leading hemp, wellness and energy products maker Lifted Made (“Lifted”), today reported its financial results for the third quarter ended September 30, 2025. Financial results are reported in accordance with U.S. generally accepted accounting principles and all currency is in U.S. dollars.

Income Statement – Q3 2025 Compared to Q3 2024:

Revenue increased 4% to $9,056,742, up from $8,691,675Operating income was $1,312,791, up from an operating loss of $140,703Net income was $634,257, up from a net loss of $194,399Basic net income per share was $0.04 per share, up from a loss of $0.01 per shareDiluted net income per share was $0.04 per share, up from a loss of $0.01 per shareBasic weighted average number of common shares outstanding for the three months ended September 30, 2025 was 14,822,678Diluted weighted average number of common shares outstanding for the three months ended September 30, 2025 was 14,964,678 Balance Sheet – September 30, 2025 Compared to December 31, 2024:

Cash on hand, which includes $1,000,000 of restricted cash, decreased 7% to $2,920,664, down from $3,146,947Inventory increased 8% to $10,077,375, up from $9,316,291Current assets decreased 14% to $14,591,256, down from $16,928,005Current ratio increased to 3.02 from 2.78Working capital decreased 10% to $9,764,165, down from $10,843,994Notes payable to Surety Bank decreased 30% to $2,336,259, down from $3,348,790 Federal Legislation
On November 12, 2025, President Trump signed into law H.R. 5371, the “Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026” (the “Act”), which makes continuing appropriations and extensions for fiscal year 2026, and which also bans intoxicating hemp-derived consumable products nationally on November 12, 2026. It is unknown to the Company whether or not the sections of the Act that impact the hemp industry will ultimately go into effect on November 12, 2026, or if those sections will be replaced, impacted or amended by subsequent acts of Congress. However, the Act in all likelihood will have a devastating impact on the Company and the price of its common stock. The material adverse effects of the Act cannot be overstated; these material adverse effects include, but are not limited to, the following:

 1)The elimination of half or more of Lifted’s sales. Sales of hemp-derived products made up approximately 47% of Lifted’s sales during the three months ended September 30, 2025; thus, the Act could eliminate approximately half or more of the Company’s revenue; 2)Goodwill impairment charges. As a result of LFTD Partners' acquisition of Lifted, LFTD Partners recognized goodwill of $22,292,767 ("Lifted Goodwill"). As a result of Lifted’s purchase of assets of hemp-derived products maker Oculus CRS, LLC, and merger with Oculus CHS Management Corp., LFTD Partners recognized goodwill of $800,027 ("Oculus Goodwill"). Total goodwill reported at September 30, 2025 is $23,092,794. The Act will necessitate the calculation and recording of an impairment charge over the Lifted Goodwill and Oculus Goodwill. The impairment charge could be half or more of the Lifted Goodwill and Oculus Goodwill; 3)An investment impairment charge. The Act will necessitate the calculation and recording of an impairment of LFTD Partners’ investment in hemp-derived beverage and products maker Ablis. LFTD Partners’ investment in Ablis was reported as $399,200 as of September 30, 2025. The impairment charge could be half or more of LFTD Partners’ investment in Ablis; and 4)Significant inventory write offs. The Act will most likely negatively impact the pricing of hemp-derived products, the availability and price of raw goods and production forecasting, which will lead to increased write-offs each quarter end. Moreover, any hemp-derived products in inventory on November 12, 2026 will have to be written off.
About LFTD Partners Inc. 
Publicly traded LFTD Partners Inc., Jacksonville, FL (OTCQB: LIFD) is the parent corporation of  leading hemp,  wellness and energy products maker Lifted Made, Kenosha, WI, which manufactures and sells hemp-derived and other psychoactive products under its award-winning Urb brand and other brands, hemp-free health and wellness gummies under its Mielos brand, and hemp-free energy gummies under its Rebel brand. LFTD Partners Inc. also owns 4.99% of hemp-derived beverage and products maker Ablis (www.Ablis.shop), and of craft distiller Bendistillery Inc. d/b/a Crater Lake Spirits (www.CraterLakeSpirits.com), located in Bend, OR. Please read LIFD's filings with the U.S. Securities and Exchange Commission which fully describe our business and the Risk Factors associated therewith. Stay updated with our company news and product launches by subscribing to our newsletters at www.LFTDPartners.com and at www.Urb.shop. 

Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes the operations, financing, growth, performance, products, plans and expectations of LFTD Partners Inc. and Lifted Liquids, Inc. d/b/a Lifted Made and d/b/a Urb Finest Flowers. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to these companies' actual operations, financing, growth, performance, products, plans or results of these companies differing materially from those expressed or implied by the forward-looking statements. The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain other factors, including the risk factors set forth in LFTD Partners Inc.'s filings with the Securities and Exchange Commission. None of the statements contained herein have been approved by the Food and Drug Administration, and none of the products manufactured or sold by Lifted Made are intended to diagnose, treat, cure or prevent any disease. This press release does not constitute an offer to sell common stock or any other securities of LFTD Partners Inc.

Contact Information

Gerard M. Jacobs
Chairman and CEO of LFTD Partners Inc.
(847) 915-2446
[email protected]

Nicholas S. Warrender
Vice Chairman and COO of LFTD Partners Inc.
(224) 577-8148
[email protected]

William C. "Jake" Jacobs
President and CFO of LFTD Partners Inc.
(847) 400-7660
[email protected]

SOURCE: LFTD Partners Inc.