Market Signal Briefing

November 14, 2025 6:08 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Synopsys, Inc. (NASDAQ: SNPS) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Synopsys, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit.

Investors have until December 30, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Synopsys securities. The class action is pending in the U.S. District Court for the Northern District of California and is captioned Kim v. Synopsys, Inc., et al., No. 3:25-cv-09410.

Why Was Synopsys Sued for Securities Fraud?

Synopsys provides design automation software products used to design and test integrated circuits. The Company's Design IP segment, which provides pre-designed silicon components to semiconductor companies, has been the Company's fastest-growing segment, growing from 25% of its revenue in 2022, to 31% in 2024.

During the relevant period, Synopsys told investors that its customers "rely on Synopsys IP to minimize integration risk and speed time to market" and that it was seeing "strength in Europe and South Korea." Synopsys also stated it was "continuing to develop and deploy[] AI into our products and the operations of our business."

As alleged, in truth, the Company's Design IP customers began to require additional customization for IP components, which was deteriorating the economics of its Design IP business and jeopardizing its business model.

The Stock Declines as the Truth Is Revealed

On September 9, 2025, Synopsys released its Q3 2025 financial results, revealing its "IP business underperformed expectations." The Company reported revenue for its Design IP segment of $425.9 million, a 7.7% decline year-over-year and net income of $242.5 million, a 43% year-over-year decline. The Company revealed that its Design IP customers require "more and more customization," which "takes longer" and requires "more resources." As a result, the Company stated it was having "an ongoing dialogue with our customers" regarding changing its business model. This news caused the price of Synopsys stock to fall $217.59 per share, or nearly 36%, from $604.37 per share on September 9, 2025, to $387.78 per share on September 10, 2025.

Click here for more information: https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit.

What Can You Do?

If you invested in Synopsys you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274383

November 14, 2025 6:09 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Inspire Medical Systems, Inc. (NYSE: INSP) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Inspire, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

Investors have until January 5, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Inspire stock. The case is pending in the U.S. District Court for the District of Minnesota and is captioned City of Pontiac Reestablished General Employees' Retirement System v. Inspire Medical Systems, Inc., et al., No. 0:25-cv-04247.

Why is Inspire Being Sued for Securities Fraud?

Inspire develops and manufactures an implantable medical device for the treatment of sleep apnea. The latest version of the device is the Inspire V. The company announced FDA approval of Inspire V on August 2, 2024.

During the relevant period, Inspire repeatedly assured investors that it had taken all necessary steps to facilitate the launch of Inspire V and that it would launch the device as soon as sufficient inventory was available to meet supposedly high demand.

As alleged, in truth, Inspire failed to take basic steps to prepare clinicians and payors for the rollout, resulting in significant delays in adoption of the device. Moreover, the launch suffered from weak demand, as many customers already had excess inventory of the company's older devices.

Why did Inspire's Stock Drop?

On August 4, 2025, Inspire disclosed that the Inspire V launch was facing an "elongated timeframe" and as a result, it was reducing its 2025 earnings per share guidance by more than 80%. The company attributed the longer timeframe to a number of previously undisclosed factors including that many implanting centers "did not complete the training, contracting and onboarding required prior to the purchase and implant of Inspire V," that certain "software updates for claims submissions and processing did not take effect until July 1, [2025]" which meant implanting centers could not bill for procedures until that date, and that demand for the Inspire V was poor because Inspire's customers had a backlog of older versions of the company's device.

On this news, the price of Inspire stock dropped $42.04 per share, or more than 32%, from $129.95 per share on August 4, 2025, to $87.91 per share on August 5, 2025.

Click here for more information: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

What Can You Do?

If you invested in Inspire you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274375

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Merck (MRK) seen nearing acquisition of Cidara Therapeutics (CDTX) in deal potentially above $3.3 billion. (00:23) U.S., Argentina to open markets to key products in trade framework. (01:08) DoorDash (DASH) reveals October cybersecurity breach impacting its platform. (02:04)

This is an abridged transcript.

Cidara Therapeutics (CDTX) is up 85% as of the time of this recording.

This follows news that Merck (MRK) is nearing a deal to buy the company.

The Financial Times reported that Cidara is a drugmaker pioneering a long-acting antibody medicine that protects against flu.

A deal valuing Cidara at a premium to its $3.3 billion market capitalization could be announced as soon as Friday.

Merck was still vying with another pharmaceutical group for the biotech late on Thursday before the seller favoured its offer.

The exact price of the deal could not immediately be established.

According to the FT, any deal would likely involve cash upfront along with additional payouts tied to future clinical trial milestones.

The United States said Thursday it will lift tariffs on certain foods and other imports from Argentina, Ecuador, Guatemala, and El Salvador as part of new framework agreements aimed at expanding market access for U.S. companies.

Under the agreement, Argentina will offer preferential access for a variety of U.S. exports, including medicines, chemicals, machinery, IT products, medical devices, motor vehicles, and numerous agricultural goods.

Ecuador will lower or eliminate several tariff barriers on key products such as tree nuts, fresh fruit, pulses, wheat, wine, and distilled spirits. It will also completely remove a variable tariff on many agricultural products previously imposed under the Andean Price Band System.

The White House says in the coming weeks the countries will work on finalizing the deal so the leaders can put pen to paper.

More on the agreements in the Wall Street Breakfast newsletter. A link to sign up is in the show notes section.

DoorDash (DASH) said that its team recently identified and shut down a cybersecurity incident that involved an unauthorized third-party gaining access to and taking certain user information.

In a post on its website, the company said there is no indication that data was misused for fraud, identity theft.

DoorDash added that it’s boosting its security measures, rolling out more training for employees, bringing in an outside firm to help with the investigation, and bringing in law enforcement.

This isn’t the first time the company has dealt with a breach — back in 2019, information from about 5 million customers, Dashers, and merchants was exposed to an unauthorized party.

What’s Trending on Seeking Alpha

Fed's Kashkari did not back last rate cut, undecided on December - report

Google proposes changes to adtech business after EU fine, but no asset breakup

Blue Origin launches NASA's Mars mission, sticks booster landing for the first time

Dow, S&P and Nasdaq futures are in the red. Crude oil is up 2% at $60/barrel. Bitcoin is down 2.6% at $97,000. Gold is flat at $4,169.

The FTSE 100 is down 1.2% and the DAX is down 0.8%.

The biggest movers for the day premarket: Virgin Galactic (SPCE) +4% - Shares rose after the company beat top- and bottom-line estimates and narrowed its quarterly loss through lower operating expenses

On today’s economic calendar:

3:20 pm Atlanta Federal Reserve Bank President Raphael Bostic will participate in moderated conversation before the Association for Public Policy Analysis and Management annual conference.

And since it's Friday you know that means it’s Seeking Alpha weekly news quiz day. I’ll leave a link in the show notes section.

MONACO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) today reported unaudited financial results for the third quarter and nine-month period ended September 30, 2025.

This earnings release focuses on the financial results and management’s discussion and analysis for the three-month period ended September 30, 2025, reflecting the Company’s performance during its first full quarter as an independent, publicly traded company.

Costamare Bulkers had no operating activity during the nine-month period ended September 30, 2024 and remained a wholly-owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (the “NYSE”) listed company, until May 6, 2025, when it became an independent, publicly traded company on NYSE through a spin-off from Costamare.

Costamare Bulkers had nominal operations from January 1, 2025 until late March 2025, when Costamare transferred to it the entities engaged in the dry bulk business, which own, have owned, or were formed with the intention to own dry bulk vessels. The results of these entities are included in Costamare Bulkers’ consolidated statement of operations for the three- and nine- month period ended September 30, 2025. On May 6, 2025, Costamare Bulkers also acquired from Costamare and a minority shareholder Costamare Bulkers Inc. (“CBI”), a dry bulk operating platform, whose results are included from that date forward. No comparative figures are presented for the three- and nine- month period ended September 30, 2024, as Costamare Bulkers had no operations during that time and all amounts would have been nil.

Financial Highlights and Operational Updates

I. PROFITABILITY - LIQUIDITY - DEBT

Q3 2025 Net Income of $7.4 million ($0.30 per share).Q3 2025 Adjusted Net Income1 of $5.4 million ($0.22 per share).Q3 2025 liquidity of $290.5 million2.Debt3 of $159.3 million and Cash4 of $205.8 million, resulting in negative net debt5 as of the end of Q3. II. REALIGNMENT OF TRADING PLATFORM AND INTEGRATION WITH OWNED FLEET

Entered into a Strategic Cooperation Agreement (the “Cooperation Agreement”) with Cargill International S.A. (“Cargill”) (announced on September 29, 2025), which included among other things: The transfer of the majority of CMDB’s trading book as of that date, including: Chartered-in vessels;Cargo transportation commitments (contracts of affreightment); andDerivatives positions. The charter-out of four Company-owned Supramax vessels for a period of four to six months. The above-mentioned transfers are currently in progress with the timing for completion dependent on, among other things, the agreement of third parties and the vessels operations’ schedule.As of November 13, 2025, the following transfers have been effected or have been agreed to become effected:

Novation or sub-charter to Cargill6 of 19 chartered-in vessels;Novation or relet to Cargill7 of the entire forward cargo book under the Cooperation Agreement; andTransfer of the entire FFA trading book under the Cooperation Agreement. In addition to the Cooperation Agreement, we have: Early-redelivered three chartered-in vessels.Chartered-out on long-term period two chartered-in vessels. The remaining chartered-in fleet consists of 128 third-party owned dry bulk vessels of which: 8 vessels are expected to be redelivered within Q4 2025/Q1 2026.4 vessels are expected to be redelivered within Q2 2026/Q4 2026. The realigned trading platform will aim to: focus on Kamsarmax-type vessels by building a balanced cargo-driven portfolio that optimizes earnings and manages downside exposure while maintaining flexibility through market cycles, andsupport the owned fleet through improved market insight and operational flexibility. III. OWNED FLEET 

Costamare Bulkers currently owns a fleet of 319 dry bulk vessels of a total capacity of approximately 2.8 million DWT, consisting of: 7 Capesize vessels out of which 6 are on period charters.7 Kamsarmax vessels out of which 5 are on period charters.8 Ultramax vessels all of which are on period charters.9 Supramax vessels out of which 7 are on period charters. The majority of the period charters are on index-linked charter agreements with owner’s option to convert to fixed rate based on the prevailing FFA curve. IV. SALE AND PURCHASE ACTIVITY

Vessel Disposals

Conclusion of the previously announced sale of the below vessels, generating net sale proceeds after debt prepayment of $44 million:

2010-built, 58,018 DWT capacity dry bulk vessel, Pythias.2011-built, 35,995 DWT capacity dry bulk vessel, Bernis.2011-built, 37,152 DWT capacity dry bulk vessel, Acuity.2012-built, 37,163 DWT capacity dry bulk vessel, Verity.2013-built, 37,071 DWT capacity dry bulk vessel, Equity.2012-built, 37,152 DWT capacity dry bulk vessel, Parity. Vessel Acquisition

Conclusion of the acquisition of the 2012-built, 176,387 DWT capacity dry bulk vessel, Imperator (ex. Imperator Australis). V. DEBT FINANCING 

Financed the acquisition of the Imperator through an existing hunting license facility. Total amount drawn of approximately $15.3 million.Approximately $84.7 million is available through one hunting license facility for the financing of vessels acquisitions until December 2027.No significant loan maturities until 2029.
______________
1 Adjusted Net Income and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare Bulkers financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I.
2 Liquidity includes Cash (as defined in footnote 4) plus $84.7 million of available undrawn funds from one hunting license facility as of September 30, 2025.
3 Long-term debt including non-current portion.
4 Cash and cash equivalents (including restricted cash) of $184.5 million plus margin deposits of $21.3 million relating mainly to our forward freight agreements (“FFAs”) and bunker swaps.
5 Net debt is equal to Debt (as defined in footnote 3) minus Cash (as defined in footnote 4).
6 On back-to-back terms with the original charterparties.
7 On back-to-back terms with the original agreements.
8 As of November 13, 2025 and excluding vessels agreed to be novated or sub-chartered on back-to-back terms pursuant to the Cooperation Agreement.
9 As of November 13, 2025.

Mr. Gregory Zikos, Chief Executive Officer of Costamare Bulkers Holdings Limited, commented:

“This is the first full quarter, during which the Company reports financial results as an independent, publicly traded entity.

During the quarter Costamare Bulkers generated net income of $7.4 million. With total cash of about $206 million and debt of ca. $160 million, the Company is in a net debt negative position, owning a fleet of 31 dry bulk vessels with an average age of approximately 13 years and an average size of ca. 91,700 DWT.

As previously announced, in September we entered into a Strategic Cooperation Agreement with Cargill whereby, among other things, we agreed to gradually transfer to Cargill the majority of our trading book. We have effectively transferred our entire forward cargo book and FFA positions, as well as the majority of the chartered-in vessels. We intend to maintain our operating platform as an integral part of our business mainly focusing on Kamsarmaxes with the goal to optimize earnings and tightly manage downside exposure.

We are progressing on our strategy to divest older and smaller tonnage and replacing it with younger and bigger-sized vessels. During the quarter we concluded the disposals of five Handysize ships and one Supramax vessel and we accepted delivery of one Capesize.

Regarding the market, the Capesize index retreated from late July by the end of August due to excess tonnage and softer Brazil flows, before rebounding in late September on the back of end-of-quarter Australia iron ore and Pacific weather disruptions. In October, China’s plan to impose reciprocal port restrictions on US-linked vessels triggered a brief spike in FFAs despite limited physical market impact. However, following the 30 October US–China meeting, the measures were suspended for a year under a trade de-escalation framework, leading Capes FFAs to ease. Panamax rates were lifted as well during October; however as measures were suspended they have since retreated.”

Financial Summary

(Expressed in thousands of U.S. dollars, except share and per share data)Nine-month period
ended September 30, 2025 Three-month period
ended September 30, 2025      Voyage revenue$265,979  $158,768 Voyage revenue – related parties$112,761  $64,106 Total voyage revenue$378,740  $222,874 Accrued charter revenue (1)$2  $1 Total voyage revenue adjusted on a cash basis (2)$378,742  $222,875 Adjusted Net Income / (Loss) (3)($10,423)  $5,361 Weighted Average number of shares   13,754,628   24,241,640 Adjusted Earnings / (Losses) per share (3)($0.76)  $0.22 Net Income / (Loss)($19,161)  $7,354 Weighted Average number of shares 13,754,628   24,241,640 Earnings / (Losses) per share($1.39)  $0.30        (1) Accrued charter revenue represents the difference between cash received during the period and revenue recognized during the period on a straight-line basis at the charter’s average rate. In the early years of a charter with escalating charter rates, voyage revenue will exceed cash received during the period and during the last years of such charter cash received will exceed revenue recognized on a straight-line basis. The reverse is true for charters with descending rates. 
(2) Total voyage revenue adjusted on a cash basis represents Total voyage revenue after adjusting for non-cash “Accrued charter revenue” recorded under charters with escalating or descending charter rates. However, Total voyage revenue adjusted on a cash basis is not a recognized measurement under U.S. GAAP. We believe that the presentation of Total voyage revenue adjusted on a cash basis is useful to investors because it presents the charter revenue for the relevant period based on the then-current daily charter rates.
(3) Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are non-GAAP measures. Refer to the reconciliation of Net Income / (Loss) to Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share.

Non-GAAP Measures

The Company reports its financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures used in managing the business may provide users of these financial measures additional meaningful comparisons between current results and results in prior operating periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that impact the overall comparability. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. The tables below set out supplemental financial data and corresponding reconciliations to GAAP financial measures for the relevant periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, voyage revenue, net income, or other measures determined in accordance with GAAP. Non-GAAP financial measures include (i) Voyage revenue adjusted on a cash basis (reconciled above), (ii) Adjusted Net Income / (Loss) and (iii) Adjusted Earnings / (Losses) per Share.

Exhibit I 

Reconciliation of Net Income / (Loss) to Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share

            Nine-month period ended September 30,  Three-month period ended September 30, (Expressed in thousands of U.S. dollars, except share and per share data)   2025   2025  Net Income / (Loss) $ (19,161) $7,354  Accrued charter revenue   2   1  Deferred charter-in expense   145   91  General and administrative expenses - non-cash component   1,192   869  Loss on sale of vessels   10,399   3,830  Loss on vessel held for sale   1,058   1,058  Non-recurring, non-cash write-off of loan deferred financing costs   274   157  Gain on derivative instruments, excluding realized (gain) / loss on derivative instruments (1)   (4,332)  (7,999) Adjusted Net Income / (Loss) $ (10,423) $5,361  Adjusted Earnings / (Losses) per Share $ (0.76) $0.22  Weighted average number of shares   13,754,628   24,241,640  
Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share represent Net Income / (Loss) before non-cash “Accrued charter revenue” recorded under charters with escalating or descending charter rates, deferred charter-in expense, loss on vessel held for sale, loss on sale of vessels, non-recurring, non-cash write-off of loan deferred financing costs, general and administrative expenses - non-cash component and gain on derivative instruments, excluding realized (gain)/loss on derivative instruments. “Accrued charter revenue” is attributed to the timing difference between the revenue recognition and the cash collection. However, Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are not recognized measurements under U.S. GAAP. We believe that the presentation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful to investors because they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. We also believe that Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful in evaluating our ability to service additional debt and make capital expenditures. In addition, we believe that Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful in evaluating our operating performance and liquidity position compared to that of other companies in our industry because the calculation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share generally eliminates the effects of the accounting effects of certain hedging instruments and other accounting treatments, items which may vary for different companies for reasons unrelated to overall operating performance and liquidity. In evaluating Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

(1)   Items to consider for comparability, when prior period figures are presented, include gains and charges. Gains positively impacting Net Income / (Loss) are reflected as deductions to Adjusted Net Income / (Loss). Charges negatively impacting Net Income / (Loss) are reflected as increases to Adjusted Net Income / (Loss).

Exhibit II

Owned Dry Bulk Fleet Utilization(1)

    Nine-month period ended September 30,  Three-month period ended September 30,    2025   2025 Owned Dry Bulk Fleet Available Days(*)   6,535   3,259 Owned Dry Bulk Fleet Utilization(*)   98.1%   98.4% 
(*) Since late March 2025, when Costamare transferred to Costamare Bulkers the entities engaged in the dry bulk business.

(1) We calculate utilization of our owned dry bulk fleet (including vessels chartered-in by CBI) by dividing (i) the aggregate number of our on-hire days and ballast days (excluding dry dock ballast days) in a period of our owned dry bulk fleet by (ii) the number of our available days (owned dry bulk fleet) during such period. We use the following definitions in our calculation of utilization of owned dry bulk fleet:

On-hire days. We define on-hire days as the total days that a vessel was on-hire during a period.
Ballast days (excluding dry dock ballast days). We define ballast days (excluding dry dock ballast days) during a period, as the total number of days that a vessel is not on-hire, but is conducting ordinary ship operations (other than dry dock ballast days) which includes repositioning from a discharging port to a loading port, sailing to a port for the conclusion of a prospective sale of a vessel or a change of the technical manager of a vessel.
Available days. We define available days as the number of our ownership days of our owned dry bulk fleet during a period less the aggregate number of dry dock days and dry dock ballast days during such period. We use the following definitions in our calculation of available days (owned dry bulk fleet):Dry dock days. We define dry dock days as the days during a period that a vessel underwent scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys.
Dry dock ballast days. We define dry dock ballast days as the total days during a period that a vessel spends sailing to and from a shipyard for scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. Results of Operations

Three-month period ended September 30, 2025

The discussion below reflects the third quarter 2025 consolidated financial results of Costamare Bulkers Holdings Limited (“Costamare Bulkers”). No comparative figures are presented for the prior period, as Costamare Bulkers had no operations during that time and all amounts would have been nil.

During the three-month period ended September 30, 2025, we had an average of 35.5 vessels in our owned fleet. Furthermore, during the three-month period ended September 30, 2025, we chartered-in an average of 44.7 third-party dry bulk vessels.

During the three-month period ended September 30, 2025, we acquired and accepted delivery of the secondhand dry bulk vessels Imperator and Gorgo with an aggregate DWT capacity of 252,885, and we sold the vessels Acuity, Verity, Bernis, Equity, Pythias and Gorgo with an aggregate DWT capacity of 281,897.

During the three-month period ended September 30, 2025, our fleet ownership days totaled 3,270. Ownership days are one of the primary drivers of voyage revenue and vessels’ operating expenses and represent the aggregate number of days in a period during which each vessel in our fleet is owned.

Consolidated Financial Results and Vessels’ Operational Data(1)

  Three-month period
ended September 30,  (Expressed in millions of U.S. dollars,
except percentages) 2025   Voyage revenue$158.8   Voyage revenue – related parties 64.1   Total voyage revenue 222.9   Voyage expenses (65.8)  Charter-in hire expenses (117.4)  Voyage expenses – related parties (3.0)  Vessels’ operating expenses (19.3)  General and administrative expenses (3.3)  Management and agency fees – related parties (6.5)  General and administrative expenses – non-cash component (0.9)  Amortization of dry-docking and special survey costs (1.7)  Depreciation (9.3)  Loss on sale of vessels (3.8)  Loss on vessel held for sale (1.1)  Foreign exchange losses (0.2)  Interest income 1.0   Interest and finance costs (3.2)  Other, net 0.5   Gain on derivative instruments, net 18.5   Net Income$7.4         
Three-month period
ended September 30,  (Expressed in millions of U.S. dollars,
except percentages) 2025   Total voyage revenue$222.9   Accrued charter revenue -   Total voyage revenue adjusted on a cash basis(1)$222.9             Vessels’ operational data      Three-month period
ended September 30, 2025
 Average number of vessels(2) 35.5
   Ownership days(2) 3,270
   Number of vessels under dry-docking and special survey(2) -
   
(1) Total voyage revenue adjusted on a cash basis is not a recognized measurement under U.S. generally accepted accounting principles (“GAAP”). Refer to “Consolidated Financial Results and Vessels’ Operational Data” above for the reconciliation of Total voyage revenue adjusted on a cash basis.
(2) Vessels in our owned fleet.

Total Voyage Revenue

Total voyage revenue was $222.9 million during the three-month period ended September 30, 2025, and mainly includes voyage revenue earned by the charter-out activities of both owned and chartered-in vessels and contractual reimbursements from certain of our charterers for EU Emissions Allowances (“EUAs”) and Fuel EU Maritime penalties.

Voyage Expenses

Voyage expenses were $65.8 million for the three-month period ended September 30, 2025. Voyage expenses mainly include (i) fuel consumption, (ii) third-party commissions, (iii) port expenses, (iv) canal tolls and (v) EUAs and Fuel EU Maritime expenses; however, a significant portion of EUAs and Fuel EU Maritime expenses are contractually reimbursed by the charterers, as discussed in “Total Voyage Revenue”, mitigating the net expenses impact.

Charter-in Hire Expenses

Charter-in hire expenses were $117.4 million for the three-month period ended September 30, 2025, relating to the chartering-in of third-party dry bulk vessels.

Voyage Expenses – related parties

Voyage expenses – related parties were $3.0 million for the three-month period ended September 30, 2025. Voyage expenses – related parties represent (i) fees of 1.25%, in the aggregate, on voyage revenues earned by our owned fleet charged by a related manager and a related service provider and (ii) address commissions on certain charter-out agreements payable to a related agent. This commission is subsequently paid in full on a back-to-back basis by the related agent to its respective third-party clients with no benefit for the related agent.

Vessels’ Operating Expenses

Vessels’ operating expenses were $19.3 million during the three-month period ended September 30, 2025. Daily vessels’ operating expenses were $5,899 for the three-month period ended September 30, 2025. Daily operating expenses are calculated as vessels’ operating expenses for the period over the ownership days of the period.

General and Administrative Expenses

General and administrative expenses were $3.3 million during the three-month period ended September 30, 2025 and include an amount of $0.7 million that was paid to a related service provider.

Management and Agency Fees – related parties

Management fees charged by our related party managers were $3.9 million during the three-month period ended September 30, 2025. The amounts charged by our related party managers include amounts paid to third party managers of $0.8 million for the three-month period ended September 30, 2025. Furthermore, during the three-month period ended September 30, 2025, agency fees of $2.6 million, in aggregate, were charged by four related agents.

General and Administrative Expenses – non-cash component

General and administrative expenses - non-cash component for the three-month period ended September 30, 2025 amounted to $0.9 million, representing the value of the shares issued to a related service provider on September 30, 2025.

Amortization of Dry-Docking and Special Survey Costs

Amortization of deferred dry-docking and special survey costs was $1.7 million during the three-month period ended September 30, 2025. During the three-month period ended September 30, 2025, no vessel underwent her dry-docking and special survey.

Depreciation

Depreciation expense for the three-month period ended September 30, 2025 was $9.3 million.

Loss on Sale of Vessels

During the three-month period ended September 30, 2025, we recorded an aggregate loss of $3.8 million from the sale of the dry bulk vessels Acuity, Verity, Equity and Gorgo. Furthermore, we delivered to their new owners the dry-bulk vessels Pythias and Bernis (both vessels were classified as vessels held for sale during the second quarter of 2025).

Loss on Vessel Held for Sale

During the three-month period ended September 30, 2025, the dry bulk vessel Parity was classified as vessel held for sale and we recorded a loss on vessel held for sale of $1.1 million, which resulted from its estimated fair value measurement less costs to sell.

Interest Income

Interest income amounted to $1.0 million for the three-month period ended September 30, 2025.

Interest and Finance Costs

Interest and finance costs were $3.2 million during the three-month period ended September 30, 2025. Interest and finance costs include mainly interest expense on our bank loans, amortization of deferred financing costs and bank charges.

Gain on Derivative Instruments, net

As of September 30, 2025, we hold derivative financial instruments that do not qualify for hedge accounting. The change in the fair value of each derivative instrument that does not qualify for hedge accounting is recorded in the consolidated statements of operations.

As of September 30, 2025, the fair value of these instruments, in aggregate, amounted to a net liability of $1.5 million. During the three-month period ended September 30, 2025, the change in the fair value (fair value as of September 30, 2025 compared to fair value as of June 30, 2025) of the derivative instruments that do not qualify for hedge accounting, including the realized components of such derivative instruments during the period, resulted in a net gain of $18.5 million, which has been included in Gain on Derivative Instruments, net.

Cash Flows
Three-month period ended September 30, 2025

Condensed cash flows   (Expressed in millions of U.S. dollars)  Three-month period ended September 30, 2025 Net Cash Provided by Operating Activities  $31.9  Net Cash Provided by Investing Activities  $29.3  Net Cash Used in Financing Activities  $(7.8) 
Net Cash Provided by Operating Activities

Net cash flows provided by operating activities for the three-month period ended September 30, 2025 was $31.9 million. Net cash flows are mainly affected by (i) the working capital position, excluding the current portion of long-term debt and the accrued charter revenue (representing the difference between cash received in that period and revenue recognized on a straight-line basis), (ii) the net cash from operations, (iii) the dry-docking and special survey costs and (iv) the interest payments (including interest derivatives net receipts).

Net Cash Provided by Investing Activities

Net cash provided by investing activities was $29.3 million in the three-month period ended September 30, 2025, which mainly consisted of proceeds we received from the sale of the dry bulk vessels Acuity, Verity, Bernis, Equity, Pythias and Gorgo; partly offset by (i) the payments for the acquisition of the secondhand dry bulk vessels Gorgo and Imperator and (ii) payments for upgrades for certain of our dry bulk vessels.

Net Cash Used in Financing Activities  

Net cash used in financing activities was $7.8 million in the three-month period ended September 30, 2025, which mainly consisted of $7.7 million net payments relating to our debt financing agreements (including proceeds of $15.3 million we received from one debt financing agreement).

Liquidity 

Cash and cash equivalents

As of September 30, 2025, we had Cash and cash equivalents (including restricted cash) of $184.5 million and $21.3 million in margin deposits in relation to our FFAs, bunker swaps and EUA futures. Including the $84.7 million of available undrawn funds from our hunting license facility, our total liquidity as of September 30, 2025 was approximately $290.5 million.

Conference Call details:

On November 14, 2025 at 8:30 a.m. EST, Costamare Bulkers management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-800-860-2442 (from the US), 0808-238-9064 (from the UK) or +1-412-858-4600 (from outside the US and the UK). Please quote “Costamare Bulkers”. A replay of the conference call will be available until November 21, 2025. The United States replay number is +1-855-669-9658; the standard international replay number is +1-412-317-0088; and the access code required for the replay is: 5058584.

Live webcast:
There will also be a simultaneous live webcast over the Internet, through the Costamare Bulkers website (www.costamarebulkers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Costamare Bulkers Holdings Limited
Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels. Costamare Bulkers’ owned dry bulk fleet consists of 31 vessels with a total carrying capacity of approximately 2,842,000 DWT. Costamare Bulkers also owns a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. Costamare Bulkers’ common stock trades on the New York Stock Exchange under the symbol “CMDB”.

Forward-Looking Statements
This earnings release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could”, “expect” and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Although the Company believes that its expectations stated in this earnings release are based on reasonable assumptions, it is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Registration Statement on Form 20-F (File No. 001-42581). All forward-looking statements reflect management’s current views with respect to certain future events, and the Company expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in the Company’s views or expectations, or otherwise.

Company Contacts:
Gregory Zikos – Chief Executive Officer
Dimitris Pagratis - Chief Financial Officer
Konstantinos Tsakalidis - Business Development

Costamare Bulkers Holdings Limited, Monaco
Tel: (+377) 92 00 1745
Email: [email protected]

Owned Vessels Fleet List

The table below provides information about our owned fleet as of November 13, 2025.

 Vessel NameYear BuiltCapacity (DWT)1FRONTIER2012181,4152MIRACLE2011180,6433PROSPER2012179,8954DORADO2011179,8425MAGNES2011179,5466IMPERATOR2012176,3877ENNA2011175,9758AEOLIAN201283,4789GRENETA201082,16610HYDRUS201181,60111PHOENIX201281,56912BUILDER201281,54113FARMER201281,54114SAUVAN201079,70015MERCHIA201563,58516DAWN201863,56117SEABIRD201663,55318ORION201563,47319DAMON201263,30120ARYA201361,42421ALWINE201461,09022AUGUST201561,09023ATHENA201258,01824ERACLE201258,01825NORMA201058,01826CURACAO201157,93727URUGUAY201157,93728SERENA201057,26629LIBRA201056,70130CLARA200856,55731BERMONDI200955,469
Chartered-In Vessels Fleet List

The table below provides information about our chartered-in fleet as of November 13, 2025.

 Vessel NameYear BuiltCapacity (DWT)Earliest Redelivery to Owners1SHANDONG MIGHTINESS2021210,896September 20262SHANDONG MISSION(i)2021210,800November 20263SHANDONG RENAISSANCE(i)2022210,800December 20264CAPE PROTEUS2011180,585January 20265MILDRED2011179,678February 20266NAVIOS LUZ(iii)2010179,144December 20257MILESTONE2010176,354February 20268GRAMPUS CHARM201382,937December 20259NAVIOS LIBRA(ii)201982,011January 202610NAVIOS CITRINE(ii)201781,626January 202611AOM BIANCA(iii)201781,600December 202512GEORGITSI(ii)201281,309September 2026 (i)      Time-chartered out to a large extent for the remaining charter-in period.
(ii)      Time-chartered out for the whole remaining charter-in period.
(iii)      To be redelivered upon completion of her current voyage within Q4 2025.

Chartered-In Newbuilding Vessels

 VesselCapacity (DWT)Estimated Delivery 1Newbuilding 181,800Q2 2026 2Newbuilding 282,400Q2 2027 – Q1 2028   COSTAMARE BULKERS HOLDINGS LIMITEDConsolidated Statement of Operations
   Nine-month period
ended September 30,  Three-month period
ended September 30,(Expressed in thousands of U.S. dollars, except share and per share amounts)
 2024  2025   2024  2025   (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited)REVENUES:           Voyage revenue$- $265,979  $- $158,768 Voyage revenue – related parties -  112,761   -  64,106 Total voyage revenue -  378,740   -  222,874             EXPENSES:           Voyage expenses -  (116,201)  -  (65,781)Charter-in hire expenses -  (192,144)  -  (117,377)Voyage expenses – related parties -  (5,237)  -  (3,009)Vessels’ operating expenses -  (38,791)  -  (19,291)General and administrative expenses -  (5,470)  -  (3,311)Management and agency fees – related parties -  (13,174)  -  (6,484)General and administrative expenses – non-cash component -  (1,192)  -  (869)Amortization of dry-docking and special survey costs -  (3,557)  -  (1,724)Depreciation -  (19,216)  -  (9,330)Loss on sale of vessels -  (10,399)  -  (3,830)Loss on vessel held for sale -  (1,058)  -  (1,058)Foreign exchange losses -  (248)  -  (252)Operating loss$- $(27,947) $- $(9,442)            OTHER INCOME / (EXPENSES):           Interest income$- $1,797  $- $1,019 Interest and finance costs -  (6,905)  -  (3,230)Other, net -  631   -  516 Gain on derivative instruments, net -  13,263   -  18,491 Total other income, net$- $8,786  $- $16,796 Net income/ (loss)$- $(19,161) $- $7,354             Earnings / (Losses) per common share, basic and diluted$- $(1.39) $- $0.30 Weighted average number of shares, basic and diluted -

  13,754,628   -

  24,241,640   COSTAMARE BULKERS HOLDINGS LIMITED
Consolidated Balance Sheets
 (Expressed in thousands of U.S. dollars) As of December 31, 2024 As of September 30, 2025ASSETS (Audited) (Unaudited)CURRENT ASSETS:    Cash and cash equivalents$4$180,807 Margin deposits - 21,270 Accounts receivable 2 32,278 Inventories - 32,559 Due from related parties - 6,148 Insurance claims receivable - 3,918 Vessels held for sale - 11,250 Prepayments and other - 26,120 Total current assets$6$314,350 FIXED ASSETS, NET:    Vessels and advances, net$-$574,290 Total fixed assets, net$-$574,290 NON-CURRENT ASSETS:    Deferred charges, net$-$17,431 Operating leases, right-of-use assets - 151,449 Accounts receivable, non-current - 4,235 Due from related parties, non-current - 1,050 Restricted cash 2,100 3,650 Fair value of derivatives, non-current - 107 Total assets$2,106$1,066,562 LIABILITIES AND STOCKHOLDERS’ EQUITY    CURRENT LIABILITIES:    Current portion of long-term debt$-$15,013 Operating lease liabilities, current portion - 136,806 Accounts payable - 24,984 Due to related parties 2,100 15,756 Accrued liabilities - 12,958 Unearned revenue - 18,105 Fair value of derivatives - 1,596 Other current liabilities - 4,598 Total current liabilities$2,100$229,816 NON-CURRENT LIABILITIES:    Long-term debt, net of current portion$-$144,306 Operating lease liabilities, non-current portion - 8,931 Other non-current liabilities - 603 Total non-current liabilities$-$153,840 COMMITMENTS AND CONTINGENCIES - - STOCKHOLDERS’ EQUITY:    Common stock$-$2 Additional paid-in capital - 702,059 Retained earnings / (Accumulated deficit) 6 (19,155)Total stockholders’ equity 6 682,906 Total liabilities and stockholders’ equity$2,106$1,066,562 
Exhibit III10

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR
Combined Carve-out Statements of Operations          (Expressed in thousands of U.S. dollars)  For the nine-month period ended September 30, 2024  For the period from January 1, 2025 to May 6, 2025 REVENUES:  (Unaudited)  (Unaudited) Voyage revenue  $759,876   $239,719  Voyage revenue – related parties   111,128    87,683  Total voyage revenue   871,004    327,402            EXPENSES:         Voyage expenses   (255,367)   (107,383) Charter-in hire expenses   (521,431)   (166,506) Voyage expenses-related parties   (5,585)   (3,765) Vessels’ operating expenses   (61,805)   (27,165) General and administrative expenses   (11,045)   (10,832) General and administrative expenses – related parties   (2,320)   (528) Management and agency fees - related parties   (23,839)   (10,760) Amortization of dry-docking and special survey costs   (4,585)   (2,337) Depreciation   (27,586)   (14,044) Gain / (loss) on sale of vessels, net   3,348    (4,669) Loss on vessels held for sale   -    (1,579) Vessel’s impairment loss   -    (179) Foreign exchange gains   153    219  Operating loss   (39,058)   (22,126) OTHER INCOME / (EXPENSES):         Interest income   1,346    236  Interest and finance costs, net   (17,839)   (7,313) Interest expense – related parties   (540)   (815) Other, net   944    (47) Gain / (loss) on derivative instruments, net   22,357    (710) Total other income / (expenses), net   6,268    (8,649) Net loss  $(32,790)  $(30,775)  ______________
10 This exhibit includes combined carve-out financial information for Costamare Bulkers Holdings Limited Predecessor, prepared in accordance with the same accounting principles as disclosed in Costamare Bulkers’ Registration Statement on Form 20-F (File No. 001-42581).

   COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR
Combined Carve-out Balance Sheet      December 31, 2024  (Expressed in thousands of U.S. dollars)   ASSETS(Audited)  CURRENT ASSETS:    Cash and cash equivalents$49,858   Restricted cash 941   Margin deposits 45,221   Accounts receivable, net 39,648   Inventories 44,500   Due from related parties 7,014   Fair value of derivatives 197   Insurance claims receivable 2,842   Prepayments and other assets 49,796   Total current assets 240,017   FIXED ASSETS, NET:    Vessels and advances, net 671,844   Total fixed assets, net 671,844   OTHER NON-CURRENT ASSETS:    Accounts receivable, net, non-current 1,610   Deferred charges, net 19,119   Due from related parties, non-current 1,050   Fair value of derivatives, non-current 147   Restricted cash, non-current 9,236   Operating leases, right-of-use assets 297,975   Total assets$1,240,998   LIABILITIES AND SHAREHOLDERS’ EQUITY    CURRENT LIABILITIES:    Current portion of long-term debt, net of deferred financing costs$30,505   Related party loans 85,000   Accounts payable 41,477   Due to related parties 5,319   Operating lease liabilities, current portion 205,172   Accrued liabilities 11,906   Unearned revenue 22,911   Fair value of derivatives 14,465   Other current liabilities 3,902   Total current liabilities 420,657   NON-CURRENT LIABILITIES:    Long-term debt, net of current portion and deferred financing costs 305,724   Operating lease liabilities, non-current portion 87,424   Fair value of derivatives, non-current portion 5,174   Total non-current liabilities 398,322   COMMITMENTS AND CONTINGENCIES -   SHAREHOLDERS’ EQUITY:    Common shares 250   Additional paid-in capital 207,284   Net Parent Investment 312,546   Accumulated deficit (98,061)  Total shareholders’ equity 422,019   Total liabilities and shareholders’ equity$1,240,998   

Applied Materials shares slid 5% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs.

Abu Dhabi state oil firm ADNOC has received the EU's conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro , the European Commission said on Friday.

HydrogenPro ASA (OTC:HYPRF) Q3 2025 Earnings Call November 14, 2025 4:00 AM EST

Company Participants

Jarle Dragvik - Chief Executive Officer
Martin Holtet - Chief Financial Officer

Presentation

Jarle Dragvik
Chief Executive Officer

Good morning, and welcome to HydrogenPro's third quarter presentation. As usual, I'm accompanied by my excellent CFO, Martin Holtet, who will present the financial results. I will take you through the highlights and our recent developments, market updates and our partnership strategy. For those of you who do not know us yet, HydrogenPro is an OEM company, focusing on core technology, which is well suited for renewable energy sources. Our products are pressurized alkaline electrolyzers and a gas separation unit skid.

Addressing market for decarbonization of selected large-scale industry segments, which are already using gray hydrogen or where decarbonization is hard to achieve through electrification. HydrogenPro is delivering to 2 of the largest projects in the world. Right now, a 220-megawatt project, which is starting up these days and 100-megawatt project, which we have delivered, all the main components, and now we are producing our third-generation electrodes in our new factory in Denmark. Few other electrolyzer OEMs are delivering to projects of the same scale.

Of the recent highlights, our revenue last quarter ended at NOK 35 million. with a gross margin that improved to 55%. We continue our strong focus on technology improvement and expanding our electrode testing and development. The previous announced partnership with Thermax is on a good track. And also our work to establish a foothold in the Middle East is making very good progress. And last but not least, I'm very happy to announce the embarkment of a new Head of Sales and Commercial. Martin, please.

Martin Holtet
Chief Financial Officer

Thank you, Jarle. Then I will walk you through the Q3 financials. So in the

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, /PRNewswire/ -- Vertiv Holdings Co (NYSE: VRT), a global leader in critical digital infrastructure, today announced that its Board of Directors has raised its regular annual cash dividend by 67% from $0.15 to $0.25 per share, to be declared and paid quarterly, reflecting the company's strong financial performance and cash flow. The increase will be effective starting with the fourth-quarter cash dividend of $0.0625 per share of Class A common stock, which was declared by the Board of Directors November 13, 2025, and is payable on December 18, 2025, to shareholders of record of Class A common stock at the close of business on November 25, 2025.

About Vertiv Holdings Co

Vertiv (NYSE: VRT) brings together hardware, software, analytics and ongoing services to enable its customers' vital applications to run continuously, perform optimally and grow with their business needs. Vertiv solves the most important challenges facing today's data centers, communication networks and commercial and industrial facilities with a portfolio of power, cooling and IT infrastructure solutions and services that extends from the cloud to the edge of the network. Headquartered in Westerville, Ohio, USA, Vertiv does business in more than 130 countries. For more information, and for the latest news and content from Vertiv, visit Vertiv.com.

Category: Financial News

For investor inquiries, please contact:
Lynne Maxeiner
Vice President, Global Treasury & Investor Relations
Vertiv 
E: [email protected] 

For media inquiries, please contact:
Ruder Finn for Vertiv
E: [email protected]

SOURCE Vertiv Holdings Co

MCLEAN, Va.--(BUSINESS WIRE)-- #AIROGroup--AIRO Group Holdings, Inc. (Nasdaq: AIRO), through its wholly owned subsidiary AIRO Drone, LLC, and Nord-Drone LLC, through its affiliate company Nord Drone Group, LLC (“NDG”), have executed a definitive agreement to create AIRO Nord-Drone, LLC, a transatlantic defense joint venture combining AIRO's U.S.-based manufacturing and procurement expertise with NDG's combat-proven technologies and European production capabilities. The joint venture will leverage existing i.

WAYNE, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Management of Teleflex Incorporated (NYSE: TFX) is scheduled to speak at the Jefferies Global Healthcare Conference in London on Tuesday, November 18, 2025, at 10:00 a.m. (GMT).

A live audio webcast of the conference presentation will be available on the investor section of the Teleflex website at teleflex.com.

About Teleflex Incorporated

As a global provider of medical technologies, Teleflex is driven by our purpose to improve the health and quality of people’s lives. Through our vision to become the most trusted partner in healthcare, we offer a diverse portfolio with solutions in the therapy areas of anesthesia, emergency medicine, interventional cardiology and radiology, surgical, vascular access, and urology. We believe that the potential of great people, purpose driven innovation, and world-class products can shape the future direction of healthcare.

Teleflex is the home of Arrow™, Barrigel™, Deknatel™, LMA™, Pilling™, QuikClot™, Rüsch™, UroLift™ and Weck™ – trusted brands united by a common sense of purpose.

At Teleflex, we are empowering the future of healthcare. For more information, please visit teleflex.com.

Contacts:
Teleflex
Lawrence Keusch
Vice President, Investor Relations and Strategy Development

[email protected]
610-948-2836

The regulator said Adnoc's offer to share Covestro's sustainability patents with some competitors would help balance out concerns about the impact on the EU's internal market.

In brief
Spot Bitcoin and Ethereum ETFs shed more than $1 billion in assets combined.
The iShares Bitcoin Trust finished with more than a quarter billion in net outflows.
The outflow totals came as crypto markets sagged with Bitcoin returning to its lowest level in six months.
On a day when the new XRP exchange-traded fund set a 2025 record for daily net inflows, established Bitcoin and Ethereum funds endured one of their worst days for investments. 

On Thursday, the 11 spot BTC ETFs shed nearly $867 million in assets, the second highest total in their 22-month history, while the nine ETH funds bled an additional $260 million, according to UK asset manager Farside Investors.  

The outflows occurred on a rocky day for digital assets, with Bitcoin dropping below $98,500 for the first time in more than six months–about 20% off its record high set in early October, according to crypto markets data provider CoinGecko. BTC plunged even deeper later Friday morning, dipping below $97,000.

Ethereum and Solana hit four- and five-month lows as investors continued an exodus from risk-on assets–tech stocks included–a result of the shaky U.S. economic and political environment. 

BlackRock’s iShares Bitcoin Trust (IBIT), the largest spot Bitcoin fund with more than $80 billion in assets under management, led the declines with more than a quarter of billion in outflows. The Fidelity Wise Origin Bitcoin Fund (FBTC), the second largest Bitcoin fund by AUM, dropped more than $119 million in investments. 

Interest in those funds has sagged in recent weeks with IBIT hemorrhaging more than $1 billion since over the last 13 trading days and FBTC more than $681 million. 

Meanwhile, Canary Capital’s spot XRP ETF (XRPC) opened with $58 million in first-day trading volume, the strongest debut of any exchange-traded fund this year.

Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL's $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb

— Eric Balchunas (@EricBalchunas) November 13, 2025

The scale of flows was unexpected with Bloomberg Senior ETF Analyst Eric Balchunas initially projecting around $17 million for XRPC. The fund cleared that within half an hour, and narrowly bested the performance of the Bitwise Solana Staking ETF (BSOL), which opened with $57 million when it launched two weeks ago. 

BSOL has already generated more than $550 million in net inflows, although on Thursday it totaled just $1.5 million. 

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Kalshi is the largest regulated prediction market in the United States. It has partnered with Coinbase Custody to safeguard the USDC that powers its event-based contracts.
This step gives users a stronger sense of security when placing trades on real-world outcomes. Such as inflation reports, sports results, policy changes, and elections. Coinbase Custody provides the trusted infrastructure that ensures these funds are safely held.

Kalshi Taps Coinbase Custody to Secure USDC
Prediction markets allow users to buy and sell contracts that reflect the likelihood of future events. These markets only work when participants know their funds are safe and stable. That is where USDC plays its role. Kalshi has now selected Coinbase Custody to hold this USDC for users. Coinbase Custody is known for providing secure storage for major financial institutions. It offers strong safeguards and a track record of protecting billions in digital assets. This gives Kalshi’s community reassurance that their deposits and payouts are handled with the same protections trusted by global enterprises.

A clear example of why this matters can be seen during major economic events. When the United States releases monthly inflation data, trading volumes on prediction markets often surge. A report from The Block noted that in 2024, event-based markets saw some of their busiest days during inflation announcements. With more users participating at once, the need for stable funds and strong custody becomes even more important. Coinbase helps keep these large flows secure while USDC keeps them steady.

We are excited to partner with @Kalshi, the largest U.S. prediction market, to safeguard USDC for event-based contracts using Coinbase Custody.

Together we’re helping ensure trust, transparency, and institutional security for users trading on real-world outcomes. pic.twitter.com/VMcYOyzqZl

— Coinbase Institutional 🛡️ (@CoinbaseInsto) November 13, 2025

The partnership comes at a time when interest in prediction markets is rising. Trading activity in regulated event markets grew significantly over the past year as more people looked for ways to express views on real-world outcomes. According to Circle’s economic report, USDC continues to be one of the most widely used stablecoins for payments and trading, moving hundreds of billions in value each quarter. This shows a clear trend. Traders want stability they can see and systems they can trust.

More About Coinbase
Coinbase announced that in its first 12 months, COIN50 Perpetual Futures achieved an impressive $4.4 billion in trading volume. The platform also ranked among the top five globally in unique retail traders, spanning 58 countries.

Fun fact: In our first 12 months, COIN50 Perpetual Futures crossed $4.4B in volume and ranked top 5 in unique retail traders across 58 countries.

Thanks for an amazing first year. Let’s make year two even bigger. https://t.co/ojFjGPItDR

— Coinbase Markets 🛡️ (@CoinbaseMarkets) November 13, 2025

This milestone highlights growing interest from everyday investors in perpetual futures and demonstrates Coinbase’s ability to support a diverse, international trading community while offering accessible products for both new and experienced crypto participants.

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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.

MFI shows dip-buying exists for Pi Coin, but its lower lows confirm buyers aren’t adding enough real strength behind the move.OBV has broken its rising trendline, showing weakening volume support even as PI price holds near support.Smart Money Index is drifting away from its signal line, hinting that informed traders expect the next Pi Coin price move to break lower, under $0.209.Pi Coin price is down almost 5% today and roughly 2.3% this week. It has kept only 1% of its monthly gains. It also held better than the broader crypto slide, with the market falling about 6% while Pi Coin sank 4.8%. That looks like strength at first glance, but this kind of “holding better” often happens when an asset is simply lagging, not leading.

The indicators show why the move is not as stable as it looks.

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Buyers Are Active, but the Support Behind Them Looks WeakThe Money Flow Index (MFI), which tracks whether money is entering or leaving an asset by combining price and volume, has been rising since November 12. Even during the latest three-day dip, MFI did not fall; instead, it continued to push upward and stayed above its recent lows.

This means dip-buying exists. People are still stepping in to accumulate Pi Coin whenever the price pulls back, and the interest is not fake.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Pi Coin Buyers Exist: TradingViewBut if you look at the broader pattern, the MFI is still moving under the trendline and has made a lower low (when Pi Coin price made higher lows) since November 4. This bearish divergence means that the dip buying pressure is there, but weak.

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And when we place MFI next to On-Balance Volume (OBV), the picture becomes clearer.

OBV measures whether volume is flowing in on green candles or red candles. It broke below its rising trendline from October 22. That breakdown matters because it shows that the buyers are present, but not strong enough to lift the market. And the buying pressure is gradually weakening.

Lack Of Volume Is An Issue: TradingViewMFI says dip-buying exists. OBV says the buying isn’t strong. The gap between these two is the core warning in the chart. It tells us buyers want PI, but they are not backing it with enough volume for the move to turn into a real push higher.

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Key Pi Coin Price Levels Show Why Buyers Might Not Be “Smart” EnoughThe Pi Coin price chart adds the next layer. PI sits near $0.209, a support level with several past reactions. If this level breaks, sellers have room to push toward $0.192 and even $0.153.

The near-term downside risk from here is roughly 3%. On the other hand, reclaiming strength means first clearing $0.236. That level has repeatedly capped rebounds, and breaking it would open the door to about 9% upside toward $0.285.

So the setup is tight. PI has a shallow downside near $0.209 and the potential for a larger upside if it can break resistance. At a glance, this might look balanced — but the Smart Money Index changes the equation.

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The Smart Money Index tracks how informed, patient traders position themselves. When the index rises, it shows stronger hands are buying. When it falls, it signals hesitation.

Pi Coin Price Analysis: TradingViewRight now, the Smart Money Index is not rising with the PI price. Instead, it has started moving away from the signal line. It shows that the more informed group is not betting on a strong rebound.

This matches the weak OBV reading and goes against the small rise in MFI. In simple terms: buyers exist, but the “smart” side of the market isn’t supporting them.

That is why the downside move of over 3% for the Pi Coin price looks more likely. Only a push above $0.236 invalidates the bearishness. But that would need the MFI indicator crossing above the descending trendline.

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.

JPMorgan has put a numerical marker under this Bitcoin cycle, telling clients that the market’s “pain threshold” now sits near $94,000 — a level the bank frames as both a mining-economics floor and an answer to the question of how low spot can realistically trade before fundamentals start to bite. According to reporting by The Block, the analyst team led by Nikolaos Panigirtzoglou argues that “Bitcoin’s downside from current levels appears to be ‘very limited,’” because they “see its support price at around $94,000.”

How Low Can Bitcoin Go?
The core of the call is JPMorgan’s updated estimate of Bitcoin’s production cost. In their latest note, cited by The Block, the analysts say the all-in cost to mine one bitcoin has risen from about $92,000 to roughly $94,000 as network difficulty has surged over recent months. That jump in difficulty forces miners to deploy more hashpower per block, lifting the marginal cost per coin. The team reiterates a framework they have used in prior cycles, stressing that “the bitcoin production cost has empirically acted as a floor for bitcoin,” so a higher cost mechanically pulls the support zone higher as well.

On JPMorgan’s numbers, the ratio of spot price to production cost now sits just above 1.0, close to the lower end of its historical range. That implies miners’ operating margin is thin and that there is limited room for an extended move far below the modeled cost without triggering stress in the mining sector. From that perspective, the bank’s $94,000 level is not presented as a precise line in the sand, but as a statistically grounded region where downside risk becomes compressed because miners’ incentives to keep selling into weakness deteriorate.

The same note keeps a much more optimistic medium-term scenario in place. JPMorgan reiterates a 6–12 month upside case around $170,000 per bitcoin, derived from a volatility-adjusted comparison with gold. As summarized by The Block, the analysts estimate that Bitcoin currently “consumes” around 1.8 times more risk capital than gold, yet still has a smaller market capitalization — roughly $2.1 trillion versus about $6.2 trillion in private-sector gold investment via ETFs, bars and coins. To close that gap on a volatility-adjusted basis, they calculate Bitcoin’s market cap would need to rise by about 67%, “implying a theoretical bitcoin price of close to $170,000.”

The Block also highlights how this view fits into JPMorgan’s recent track record of calls. In an earlier note last month, the same team argued that Bitcoin looked significantly undervalued relative to gold, implying upside toward about $165,000 by year-end. Panigirtzoglou has since dialed back the timing, telling The Block that, “it would not be realistic to expect this price target by year’s end,” given recent liquidations and very weak sentiment, and reframing $170,000 as a 6–12 month scenario rather than a near-term objective. The note further recalls an August projection around $126,000 by year-end; Bitcoin later printed an all-time high above $126,200 on Oct. 6 before a record liquidation event on Oct. 10 abruptly reset positioning.

Those earlier pieces of research are consistent with a broader framework JPMorgan has been articulating publicly. In a separate analysis earlier this month, also led by Panigirtzoglou and reported by MarketWatch, the bank argued that post-October deleveraging left Bitcoin “very cheap to gold” on a volatility-adjusted basis and concluded that “this mechanical exercise thus implies significant upside for bitcoin over the next 6–12 months,” with fair value again clustering near $170,000.

What the new note, as relayed by The Block, adds is a more explicit downside anchor: as long as network difficulty and energy-input assumptions keep the estimated production cost around $94,000, JPMorgan sees that level as the effective floor that answers how low Bitcoin can go before mining economics force the market to confront its constraints.

At press time, BTC traded at $97,505.

Bitcoin falls below the 50-week EMA, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Zcash price is down about 2.2% today, but the chart shows something more important than the small dip. After a three-month gain of more than 1278%, the price has cooled without breaking its broader structure. At the same time, selling pressure has collapsed by 85%, which is not obvious at first glance.

This combination has created the first signs that ZEC might try to restart its larger move despite the recent pullback.

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Flag Breakout Attempt Needs a Clean Close to ConfirmZEC spent the last week forming a falling flag after the sharp rally from late October. A falling flag is a short corrective pattern that often appears after a long upward move. Price has now pushed above the flag’s upper trendline, but the breakout is not confirmed yet. For the move to gain strength, ZEC needs a daily close above $537, the level where the breakout line and horizontal resistance meet.

Zcash Price Attempts A Breakout: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

The broader trend remains healthy because the recent low stayed above the previous major low. This is supported by the RSI. The Relative Strength Index measures the speed of price changes, and it has formed a hidden bullish divergence. Between 22 October and 7 November, ZEC made a higher low, but RSI made a lower low.

Hidden Bullish Divergence: TradingViewSponsored

Hidden bullish divergence usually appears in strong uptrends when momentum cools before continuing higher. In simple terms, it tells us the larger move is not broken yet.

If the ZEC price breakout attempt closes above $537, it can open the next leg of the rally.

Selling Pressure Drops Sharply as Volume Trends StabilizeThe biggest shift is in selling pressure. Exchange spot netflows peaked at $38.91 million on 12 November, showing heavy inflows earlier in the move. But today, the inflows have fallen to $5.81 million. That is an 85% drop in selling pressure, which lines up with the attempt to break out of the flag.

Sellers Losing Interest: CoinglassSponsored

The On-Balance Volume (OBV), which tracks whether trading volume is mostly happening on up days or down days, also supports the cooling pressure.

OBV has broken above the descending trendline, which is bullish and shows a volume-backed breakout attempt. Yet, the line has flattened and now sits close to 8.16 million. A push above that level would confirm a shift from selling to buying pressure. Until then, the ZEC selling trend is weak but not fully reversed.

ZEC Price Finds Volume Support: TradingViewThe message from the volume side is clear. Selling has eased sharply. Buyers are not aggressive yet, but the pressure against the ZEC price is much lighter than it was two days ago.

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Key Zcash Price Levels Decide Whether the Rally Continues or FadesThe Zcash price now sits near $502, right between support and resistance. A confirmed close above $537-$538 is the trigger for continuation. If that happens, ZEC can move toward $612, $688, $749, and even higher levels if momentum returns, especially with volume support.

Zcash Price Analysis: TradingViewThe nearest Zcash price support sits at $488. If that level fails, the next support appears at $368.

This level protected the price during the earlier phases of the rally. Falling below $488 would weaken the breakout idea. A drop under $368 would invalidate the pattern and point to a deeper pullback.

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.

New UAE law criminalizes unlicensed crypto tools, including self-custody wallets.Penalties reach $136 million, sparking “Bitcoin ban” fears.Global crypto apps may face liability if accessible to UAE users.The United Arab Emirates (UAE) has introduced one of its most sweeping regulatory overhauls in years, and crypto developers say it amounts to a de facto ban on self-custody.

This new shift raises urgent concerns for Dubai’s standing as one of the world’s top crypto hubs.

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UAE Rewrites the Rules for Crypto AccessA newly enacted Central Bank law, effective September 16, dramatically expands licensing requirements. Specifically, it renders it a potential criminal offense to offer even basic cryptocurrency tools, such as Bitcoin wallets or blockchain explorers, to UAE residents without authorization.

The Federal-Decree Law No. 6 of 2025, published in the UAE’s Official Gazette, replaces the 2018 banking law and introduces a far more aggressive regulatory perimeter.

While previous rules required licensing for entities offering regulated financial activities, they did not impose criminal penalties for non-compliance.

According to legal analysis from Gibson Dunn, Article 170 now criminalizes all unlicensed financial activity. Penalties range from imprisonment to fines between AED 50,000 and AED 500 million (up to $136 million).

What stands out is that these penalties apply to companies offering financial products, and also to anyone facilitating them through technology.

Self-Custody Tools Now Fall Under the Licensing NetThis is where the crypto industry sees the biggest shock.

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Developer Mikko Ohtamaa warned that the law “makes it a crime” to offer self-custodial Bitcoin wallets, blockchain explorers, or even market-data tools like CoinMarketCap without a license from the Central Bank.

“Only Bitcoin you are allowed to own is one permitted by the Central Bank of the UAE,” he wrote, highlighting how broad the language is.

The relevant provision, Article 62, expands the Central Bank’s authority to cover any technology that “engages in, offers, issues, or facilitates” a financial activity, directly or indirectly.

That includes infrastructure providers, API services, wallet developers, analytics platforms, and decentralized protocols.

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In practice, this means that even companies outside the UAE, if their product is accessible to UAE residents, may be considered in violation.

A New Crackdown on Communications and MarketingAnother major shift arises from Article 61, which defines advertising, marketing, or promoting a licensable financial activity as a regulated activity.

That means simply sending an email newsletter, hosting a website, or even publishing a tweet about an unlicensed financial product accessible in the UAE could be treated as a legal breach.

Gibson Dunn notes that this provision “materially broadens” the UAE’s regulatory perimeter, capturing communications originating from abroad. For global crypto companies, this represents a significant compliance risk.

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What It Means for Dubai’s Crypto AmbitionsThe UAE has spent the past several years branding itself as a global destination for blockchain innovation. It established friendly licensing frameworks through financial free zones, such as VARA in Dubai and ADGM in Abu Dhabi.

However, because federal law supersedes free-zone rules, the new Central Bank law applies everywhere, even within Dubai’s crypto-friendly jurisdictions.

Nonetheless, the latest turn is consistent with the UAE’s broader history of tight digital restrictions, noting that even WhatsApp calls remain blocked nationwide.

The concern now is whether developers, exchanges, and wallet providers will withdraw services from UAE users to avoid compliance risk. Notably, this pattern is observed in jurisdictions under pressure from the FATF to restrict self-custody.

Entities have one year from the law’s effective date to meet licensing requirements, though this period may be extended at the Central Bank’s discretion.

Over the coming months, the UAE will release additional regulations that define how these rules are applied in practice.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

The crypto market extended its sharp downturn in November, with global market capitalization plunging from $4.28 trillion to a six-month low of $3.27 trillion in just weeks. Bitcoin and Ethereum have now fallen 23% and 36% from their all-time highs, fueling fears of a broader decline across altcoins. Market sentiment has deteriorated significantly, with the Crypto Fear & Greed Index dropping to an extreme-fear level of 15, signaling strong bearish pressure and the possibility of deeper losses.

Top cryptocurrencies including XRP, BNB, SOL, ADA, ZEC, and several AI-linked tokens slid 5–12% in the past 24 hours. Meme coins such as DOGE, SHIB, and PEPE also erased earlier gains, with PEPE now down 80% year-to-date. Traders are bracing for more downside as JPMorgan identifies $94,000 as the next critical support for Bitcoin.

Macroeconomic uncertainty is adding fuel to the sell-off. President Donald Trump ended the 43-day U.S. government shutdown but key economic data such as CPI and jobs figures remain unreleased. Fed officials, including Neel Kashkari, warned of rising inflation risks, reducing expectations for a December rate cut. CME FedWatch now shows odds of another 25-bps cut falling from 62.9% to 52.1%, aligning with Jerome Powell’s hawkish stance.

Market volatility intensified as $4.7 billion in BTC and ETH options expired. Over 41,000 BTC contracts worth $4 billion expired with growing put volume and a max-pain level at $105K, indicating intensified hedging and fears of BTC dipping below $95K. ETH faced similar pressure with 233,000 contracts expiring and traders opening puts targeting sub-$3,000 levels.

Spot Bitcoin and Ethereum ETFs registered heavy outflows, with BTC products losing $866.7 million and ETH ETFs posting $259.6 million in net outflows. Meanwhile, institutions appear to be rotating into Solana and XRP, as the new Canary XRP ETF saw record inflows.

Long-term holders and whales had already begun profit-taking in October, aligning with historical post-halving cycles. Over $1.1 billion in crypto liquidations occurred in the past day alone, including a massive $44.29 million BTC order on HTX. Major altcoins such as ETH, SOL, XRP, DOGE, and BNB saw significant long liquidations as buy-side support thinned.

BTC briefly dropped to $96,840, while ETH hit $3,112 and XRP fell to $2.28. Analysts warn that the downturn may continue, with trend models for both Bitcoin and Ethereum remaining firmly bearish since early October.

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XLM’s slide from $0.52 to $0.26 contrasts with Grayscale’s steady 116 million stash, signaling long-term confidence even as market fear dominates.GXLM continues to trade at a 10–15% premium over NAV, showing investors still pay above asset value despite weakening price momentum.Stellar’s role in the Blockchain Payments Consortium and surging RWA growth to $654 million highlight tech traction that may counter selling pressure.From its 2025 peak, Stellar (XLM) has fallen from $0.52 to $0.26. Grayscale — one of the leading crypto investment funds — has notably managed its XLM holdings during this downturn.

Extreme market fear at the end of the year continues to fuel negative expectations. What does Stellar (XLM) have to face these headwinds?

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Grayscale Holds More Than 116 Million XLMAccording to the latest data from Coinglass, Grayscale’s XLM holdings increased from last year, before XLM printed a “god candle” in November 2024 with nearly 600% growth.

Grayscale successfully accumulated XLM from 70 million to 119 million ahead of the rally. This move highlights the fund’s effectiveness as a smart-money participant that positioned itself before major market swings.

Grayscale Investments XLM Holdings. Source: CoinglassHowever, since early 2025, the fund has stopped accumulating. XLM’s price has stopped setting new highs and entered a downward trend. Compared to the 2025 peak, Grayscale’s XLM holdings slightly decreased to 116.8 million.

The fund’s refusal to sell aggressively reflects its investors’ long-term perspective. They appear to view XLM as a valuable asset in the cross-border payments sector.

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More notably, shares of Grayscale Stellar Lumens Trust (GXLM) trade at a premium over its actual Net Asset Value (NAV).

Grayscale Stellar Lumens Trust Performance. Source: GrayscaleGXLM’s market value sits at $24.85, while its NAV per share is $22.29.

The market price is about 10–15% higher than NAV. This premium indicates that investors are willing to pay above the underlying asset value. This condition has dominated most of the trading sessions in 2025.

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However, when comparing Grayscale’s XLM holdings to the more than 32 billion XLM circulating supply, the fund only controls about 0.36% of the supply. This share remains too small to create any decisive impact on the market.

What Does Stellar (XLM) Have to Counter Selling Pressure?November 2025 marked a pivotal moment when seven major crypto players — Fireblocks, Solana Foundation, TON Foundation, Polygon Labs, Stellar Development Foundation, Mysten Labs, and Monad Foundation — officially launched the Blockchain Payments Consortium (BPC).

This alliance aims to promote blockchain-based payment standards. BPC focuses on cross-chain integration, enabling XLM to reach millions of users across other ecosystems. These developments could boost demand in 2026.

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“During Q3, the Stellar network saw 37% growth in full-time developers, 8 times faster than the industry growth rate,” Stellar stated.

In parallel, the Stellar ecosystem continues to see explosive growth in Real-World Assets (RWA). Total RWA value on the network reached a record $654 million in November 2025, up from $300 million at the beginning of the year.

Tokenized Asset Value on Stellar. Source: RWACharts from RWA.xyz show significant contributions from tokenized funds, including Franklin OnChain US Government Fund and WisdomTree Prime.

However, real adoption stories do not always align with market sentiment. Recent analysis indicates that XLM has historically performed poorly in November. With altcoins drowning in extreme fear, XLM may struggle to escape the broader negative trend.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Zcash (ZEC) slipped about 2.2% today, but the short-term dip masks a more important technical development. After an explosive three-month surge of more than 1,278%, the price has cooled in a controlled way without breaking its broader bullish structure. Meanwhile, selling pressure has dropped sharply—down nearly 85% from recent highs—hinting that ZEC may be preparing for another leg upward.

Over the past week, ZEC formed a falling flag pattern, a common consolidation structure that appears during strong uptrends. The price has now pushed above the flag’s upper trendline, signaling a potential breakout. However, confirmation hinges on a daily close above the key $537 level, where the trendline aligns with horizontal resistance. A clean move above this zone would strengthen the probability of a continuation rally.

Zcash’s broader trend still appears intact because the latest pullback created a higher low compared to the previous major low. This structure is reinforced by a hidden bullish divergence on the Relative Strength Index (RSI). Between October 22 and November 7, price made a higher low while RSI dipped lower—an indication that bullish momentum remains embedded beneath the surface. Hidden bullish divergence typically shows up in strong trends when momentum briefly cools before resuming.

On the volume side, the change is even more dramatic. Exchange spot netflows shrank from a massive $38.91 million on November 12 to just $5.81 million today. The sharp decline suggests sellers are backing off. On-Balance Volume (OBV) has also broken above its descending trendline, signaling a volume-backed shift, though it still needs to push above 8.16 million for firmer confirmation.

For now, ZEC trades near $502, positioned between immediate resistance and support. A close above $537–$538 would open upside targets at $612, $688, and potentially $749 if momentum accelerates. Support sits at $488, with a deeper floor at $368. Losing $488 would weaken the breakout case, while a drop below $368 would invalidate the bullish setup.

This combination of easing selling pressure, supportive volume trends, and resilient structure suggests Zcash may be preparing for another breakout if buyers step in at critical levels.

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Ecash, a cryptocurrency focused on payments, is on the verge of implementing Avalanche pre-consensus, a new development that brings almost instant finality to transactions using Ecash's Nakamoto/Avalanche hybrid consensus. The development marks a milestone for Ecash, as it is the first time this has been implemented by a proof-of-work network.

American Bitcoin Corp. (NASDAQ:ABTC) is set to report its third-quarter financials before the market opens on Friday. Here's what investors need to know before the announcement.

The Quarter That Went ByAmerican Bitcoin, a majority-owned subsidiary of Hut 8 Corp. (NASDAQ:HUT), completed its all-stock merger and began trading on Nasdaq in early September.

The company is building its own strategic Bitcoin reserve and currently holds 4,004 BTC, worth $388 million, according to Bitcointreasuries.net. However, unlike the more popular companies like Strategy Inc. (NASDAQ:MSTR), American Bitcoin also generates new BTC through in-house mining.

American Bitcoin provides periodic updates to its Satoshis Per Share, or SPS, metric, which reflects the amount of Bitcoin attributable to each outstanding share of common stock. As of Nov. 5, the SPS was 432.

Exact consensus figures for the quarter are still evolving as American Bitcoin is newly public.

See Also: Bitcoin (BTC/USD) Stock Price, Quote, News & History

A Look At Technical SignalsThe Moving Average Convergence Divergence indicator, which compares two exponential moving averages of an asset's price, flashed a “Buy" signal for the stock, according to TradingView.

On the other hand, the Bull Bear Power indicator, which measures the strength of buyers and sellers, showed a “Sell” signal.

The Relative Strength Index was “Neutral,” while moving averages pointed to downside momentum in both the short and long term.

Bitcoin Advocate At The HelmEric Trump, co-founder and Chief Strategy Officer at American Bitcoin, has emerged as one of the biggest cheerleaders of Bitcoin lately.

In a recent interview, he argued that Bitcoin’s decentralized and 24/7 trading capabilities would disrupt traditional financial institutions. He added that an asset like Bitcoin gives “financial freedom” to the less privileged.

Price Action: At the time of writing, BTC was exchanging hands at $0.2067, up 6.02% in the last 24 hours, according to data from Benzinga Pro.

American Bitcoin shares jumped 5.06% to $4.980 in after-hours trading. The stock closed 3.85% lower at $4.740 during Thursday’s regular trading session.

According to Benzinga’s Edge Stock Rankings, the stock lagged on the Value metric and was in a downward trend in the short, medium, and long term. Find out more here.

Read Next: 

Eric Trump Says Big TradFi Institutions Are Upset Over Bitcoin Giving ‘Financial Freedom’ To People: ‘They Want As Many Middlemen As Humanly Possible’
Image via Shutterstock

Market News and Data brought to you by Benzinga APIs

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

Ethereum is preparing to deliver one of the most influential updates in its roadmap as the Fusaka upgrade moves toward a December 2025 release. Following the Pectra upgrade earlier this year, Fusaka represents the next major step in Ethereum's evolution, blending the Osaka execution layer with the Fulu consensus layer to boost performance, enhance safety, and elevate the overall user experience.

Joerg Hiller
Nov 14, 2025 09:29

CRV price prediction shows bullish momentum emerging with MACD turning positive. Curve forecast targets $0.52-$0.55 near-term with key $0.60 resistance breakout needed.

CRV Price Prediction: Technical Setup Points to $0.55 Target
Curve (CRV) is showing early signs of bullish momentum recovery after a sharp 4.97% decline in the past 24 hours. Despite the recent pullback, technical indicators are painting an increasingly optimistic picture for the decentralized exchange protocol's native token.

CRV Price Prediction Summary
• CRV short-term target (1 week): $0.52 (+15.6%)
• Curve medium-term forecast (1 month): $0.48-$0.60 range

• Key level to break for bullish continuation: $0.60
• Critical support if bearish: $0.39

Recent Curve Price Predictions from Analysts
The latest CRV price prediction from leading analysts shows remarkable consensus around the $0.52-$0.55 price target. Blockchain.News issued the most bullish Curve forecast, targeting $0.52-$0.55 in the short term based on emerging MACD bullish momentum. Their analysis specifically highlights the potential for a $0.60 resistance break within two weeks.

CoinLore's algorithmic model produced a more conservative CRV price target of $0.4684, while Bitget's daily growth projections suggest $0.4696. The convergence of these predictions around the $0.47-$0.55 range indicates strong technical support for upward movement, despite the recent price weakness.

What's particularly noteworthy is the absence of bearish predictions below current levels, suggesting analysts view the current $0.45 price as near a local bottom.

CRV Technical Analysis: Setting Up for Bullish Reversal
The Curve technical analysis reveals a compelling setup for price recovery. The MACD histogram has turned positive at 0.0049, marking the first bullish momentum signal in recent trading sessions. While the MACD line remains negative at -0.0304, the improving histogram suggests underlying momentum is shifting toward buyers.

CRV's RSI of 40.56 sits comfortably in neutral territory, providing ample room for upward movement without hitting overbought conditions. The token's position within the Bollinger Bands at 0.29 indicates it's trading closer to the lower band ($0.40) than the upper band ($0.57), suggesting potential mean reversion toward the middle band at $0.48.

Volume analysis shows robust participation with $22.1 million in 24-hour trading volume on Binance, indicating sufficient liquidity to support any breakout attempts. The daily ATR of $0.05 suggests normal volatility levels, making technical levels more reliable for prediction purposes.

Curve Price Targets: Bull and Bear Scenarios
Bullish Case for CRV
The primary CRV price target in a bullish scenario points to $0.52-$0.55, representing a 15-22% gain from current levels. This target aligns with the upper Bollinger Band resistance and previous support-turned-resistance zones.

For sustained bullish momentum, CRV needs to reclaim the $0.48 level (20-day SMA) and establish it as support. A decisive break above $0.55 would then target the critical $0.60 resistance level, which has historically acted as a major inflection point for Curve's price action.

The ultimate bullish Curve forecast targets the $0.81 strong resistance level, though this scenario would require broader DeFi sector strength and significant protocol developments.

Bearish Risk for Curve
Downside risks emerge if CRV fails to hold the $0.45 pivot point. The immediate CRV price target on the downside sits at $0.39 (immediate support), representing a 13% decline from current levels.

A break below $0.39 could trigger accelerated selling toward the Bollinger Band lower boundary at $0.40, creating a potential double-bottom scenario. The ultimate bearish target remains the $0.18 strong support level, though this would require significant market-wide deterioration.

Should You Buy CRV Now? Entry Strategy
Based on current technical positioning, the answer to "buy or sell CRV" leans toward accumulation for risk-tolerant traders. The optimal entry strategy involves scaling into positions between $0.43-$0.47, using the current weakness as an opportunity.

Conservative buyers should wait for a break above $0.48 (20-day SMA) for confirmation, targeting initial profit-taking at $0.52. Aggressive traders can begin accumulating at current levels with stops below $0.42 to limit downside exposure.

Position sizing should remain modest given CRV's 59% distance from its 52-week high, indicating the token remains in a broader corrective phase despite near-term bullish signals.

CRV Price Prediction Conclusion
The CRV price prediction points to a high-probability move toward $0.52-$0.55 within the next two weeks, supported by improving MACD momentum and oversold RSI conditions. Confidence level for this Curve forecast is MEDIUM, based on the convergence of multiple technical indicators and analyst predictions.

Key indicators to watch for confirmation include MACD line crossing above zero, RSI breaking above 50, and daily closing prices above the $0.48 resistance level. Invalidation of this bullish scenario would occur on a daily close below $0.42, suggesting deeper correction toward $0.39 support.

The timeline for this prediction spans 7-14 trading days, with the first target of $0.52 potentially achievable within one week if momentum continues building as technical indicators suggest.

Image source: Shutterstock

crv price analysis
crv price prediction

Terrill Dicki
Nov 14, 2025 09:35

INJ price prediction shows potential recovery to $8.40-$9.11 range within 4-6 weeks, though current technical weakness suggests caution with $6.02 support critical.

Injective Protocol (INJ) finds itself at a critical juncture as the token trades at $6.91, down 6.75% in the past 24 hours. Despite recent selling pressure, our Injective technical analysis reveals mixed signals that could set the stage for a significant price movement in the coming weeks.

INJ Price Prediction Summary
• INJ short-term target (1 week): $7.40-$7.48 (+7-8%) - Conservative recovery to near-term resistance
• Injective medium-term forecast (1 month): $8.40-$9.11 range (+22-32%) - Bullish breakout scenario
• Key level to break for bullish continuation: $8.40 (aligns with analyst targets and technical resistance)
• Critical support if bearish: $6.02 (immediate support) / $6.10 (Bollinger Band lower boundary)

Recent Injective Price Predictions from Analysts
The latest analyst predictions paint a cautiously optimistic picture for INJ. CoinLore and MEXC both target similar short-term levels around $7.40-$7.48, representing modest 7-8% gains from current levels. However, the most compelling INJ price prediction comes from Blockchain.News, which projects a medium-term target of $8.40-$9.11 based on mainnet launch catalysts.

The consensus among analysts shows low confidence for short-term moves but medium confidence for the $8.40+ targets, suggesting the market is waiting for technical confirmation before committing to stronger bullish views. This Injective forecast aligns well with our technical analysis, which identifies $8.40 as a critical resistance level that needs to break for sustained upward momentum.

INJ Technical Analysis: Setting Up for Potential Reversal
Current Injective technical analysis reveals a token in transition. The RSI at 39.48 sits in neutral territory, avoiding oversold conditions that might trigger immediate selling pressure. More encouraging is the MACD histogram reading of 0.0991, indicating early bullish momentum divergence despite the recent price decline.

INJ's position within the Bollinger Bands tells an important story. At 0.2781, the token trades closer to the lower band ($6.10) than the upper band ($9.02), suggesting oversold conditions that often precede reversals. The current price of $6.91 sits well below all major moving averages, with the SMA 20 at $7.56 providing the first major resistance hurdle.

Volume analysis shows $12.25 million in 24-hour trading on Binance, indicating adequate liquidity for any significant price movements. The daily ATR of $0.90 suggests INJ maintains healthy volatility for trading opportunities.

Injective Price Targets: Bull and Bear Scenarios
Bullish Case for INJ
The primary bullish INJ price target focuses on the $8.40-$9.11 range, representing a 22-32% upside from current levels. This Injective forecast requires breaking through several resistance layers, starting with the SMA 20 at $7.56 and the EMA 26 at $7.93.

If INJ can reclaim the $8.40 level, it would signal a potential test of the Bollinger Band upper boundary at $9.02, with the next major resistance at $9.14. The bullish case strengthens if the token can maintain above the pivot point of $7.11 while building volume on any upward moves.

Bearish Risk for Injective
The bearish scenario for our INJ price prediction centers on the critical support at $6.02. A break below this level could trigger stops and accelerate selling toward the Bollinger Band lower boundary at $6.10, followed by the 52-week low at $6.32.

If selling pressure intensifies, the next major support doesn't appear until $2.74, though such a dramatic decline would require significant fundamental deterioration. The key risk factor remains INJ's position below all major moving averages, indicating the overall trend remains under pressure.

Should You Buy INJ Now? Entry Strategy
Based on our Injective technical analysis, the question of whether to buy or sell INJ depends on risk tolerance and timeframe. For aggressive traders, the current level around $6.91 offers a reasonable risk-reward ratio targeting the $7.40-$7.48 resistance zone.

Conservative investors should wait for confirmation above $7.56 (SMA 20) before establishing positions. This level would signal the beginning of trend recovery and provide better odds for the medium-term INJ price target of $8.40-$9.11.

Risk management remains crucial. Stop-loss orders should be placed below $6.02 to limit downside exposure. Position sizing should account for the $0.90 daily ATR, allowing for normal volatility without premature stop-outs.

INJ Price Prediction Conclusion
Our comprehensive INJ price prediction suggests a cautiously optimistic outlook despite current technical weakness. The medium-term Injective forecast targeting $8.40-$9.11 carries medium confidence, contingent on breaking above the $7.56 resistance level.

Key indicators to watch include the RSI potentially moving above 50, MACD line crossing above the signal line, and most importantly, sustained trading above the SMA 20. Any failure to hold the $6.02 support would invalidate the bullish scenario and require reassessment.

The timeline for this prediction extends 4-6 weeks, allowing sufficient time for the technical setup to develop. Traders should monitor volume confirmation on any breakout attempts, as low-volume moves above resistance often fail to sustain momentum.

Confidence Level: Medium - Technical indicators show early bullish divergence, but price remains below key moving averages requiring confirmation.

Image source: Shutterstock

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