Market Signal Briefing

HAUPPAUGE, N.Y., Nov. 11, 2025 (GLOBE NEWSWIRE) -- AmpliTech Group, Inc. (Nasdaq: AMPG, AMPGW), a designer, developer, and manufacturer of state-of-the-art signal processing components for satellite, Public and Private ORAN 5G, and other communications networks, including the design of complete 5G/6G systems and a global distributor of packages and lids for integrated circuits assembly, today announced the company will release its Q3 2025 earnings report before market opening on November 14th, 2025. The company will also host an investor conference call at 8:30 AM on the same day.

Investor Earnings Call Details

Date/Time:Friday, November 14th, 2025, at 8:30 AM ETDial-in Number:1-833-630-0019 (domestic) or 1-412-317-1807 (international)Online Replay/Transcript:Audio file and call transcript will be posted to AmpliTech’s news page
when available.Investor Questions:May be submitted to [email protected] prior to the call   About AmpliTech Group

AmpliTech Group, Inc., comprising five divisions, AmpliTech Inc., Specialty Microwave, Spectrum Semiconductors Materials, AmpliTech Group Microwave Design Center, and AmpliTech Group True G Speed Services, is a leading designer, developer, manufacturer, and distributor of cutting-edge radio frequency (RF) microwave components and 5G network solutions. Serving global markets including satellite communications, telecommunications (5G & IoT), space exploration, defense, and quantum computing, AmpliTech Group is committed to advancing technology and innovation. For more information, please visit www.amplitechgroup.com or amplitech5G.com.

Safe Harbor Statement

This release contains statements that constitute forward-looking statements. These statements appear in several places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things, that listening to this conference call and results will lead to further production orders, financing, growth and profitability. The words “may,” “would,” “will,” “expect,” “estimate,” “anticipate,” “believe,” "intend,” for 5G orders and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements because of various factors. Other risks are identified and described in more detail in the “Risk Factors” section of the Company’s filings with the SEC, which are available on our website and with the SEC at sec.gov. We undertake no obligation to update, and we do not have a policy of updating or revising these forward-looking statements, except as required by applicable law.

Contacts:
Corporate Social Media
X: @AmpliTechAMPG
Instagram: @AmpliTechAMPG
Facebook: AmpliTechInc.
LinkedIn: AmpliTech Group Inc.

Company Contact:
Jorge Flores
Tel: 631-521-7831
[email protected]

Investor Relations Contact:
Kirin Smith
[email protected]

ADDITIONAL COVERAGE
Maxim Group LLC’s research department currently covers AmpliTech Group and certain research reports may be available to current AmpliTech Group shareholders. Please email: [email protected] for more information.

Maxim Group is a FINRA and SEC registered broker-dealer. For more information regarding Maxim Group please visit: https://www.maximgrp.com/legal/disclosures.

The Company has filed a Registration Statement (including a prospectus) and a Prospectus Supplement with the Securities and Exchange Commission (the “SEC”). Before you invest, you should read the prospectus in that Registration Statement (including the Risk Factors contained therein), the Prospectus Supplement, and other documents that the Company has filed with the SEC for more complete information about our company and this offering. You may get these documents for free by visiting EDGAR or the SEC website at www.sec.gov. If you have any questions or need further information about this offering, please call MacKenzie Partners Inc., the information agent for this offering at telephone (212) 929-5500 (bankers and brokers) or (800) 322-2885 (all others) or by email at [email protected].

Mt. Olive, New Jersey, Nov. 11, 2025 (GLOBE NEWSWIRE) -- Vislink Technologies, Inc. (OTCQB: VISL), a global leader in real-time video communications for the defense, public safety, and broadcast markets, today announced it has received orders exceeding $2 million for its high-reliability Airborne Video Downlink System (AVDS) solution from law enforcement agencies across the U.S. and Canada.

These orders come from a cross-section of municipal, regional, and national law-enforcement agencies throughout North America.

Among the key components that comprise the Vislink AVDS solution are:

AeroLink: Ultra-low latency UHD RF transceiver for enhanced situational awareness.Aero5: Compact 5G-enabled airborne transmitter for flexible deployment.Mobile Commander: Portable control unit for dynamic field operations.Playout Server: Reliable video decoding and seamless distribution to command centers.CIRAS-X6: Encrypted, high-security data transmission for sensitive missions.LinkMatrix: Centralized management platform for remote system control and monitoring. Together, these technologies deliver exceptional video quality, secure uninterrupted connectivity, and extensive operational range.

“By deploying our AVDS solution, our clients gain the full benefit of our end-to-end airborne video capability, which has been proven in the most demanding defense and public-safety operations worldwide,” said Mickey Miller, Chief Executive Officer of Vislink Technologies. “Our technology provides the real-time intelligence, tactical insight, and interoperability essential for mission success.”

The hallmark of the Vislink AVDS solution is its Air-to-Anywhere™ design, which allows video and data collected from helicopters, fixed-wing aircraft and drones to be distributed, viewed, and managed across all deployed assets. Video can be delivered over secure IP networks or streamed via cellular and Wi-Fi for remote viewing on smartphones and tablets.

Key benefits of Vislink’s AVDS for military and law enforcement organizations include:

Bi-directional IP-based transmission from airborne platforms enabling live video, file transfer, and push-to-talk communication within a single systemMulti-path connectivity via COFDM RF, bonded cellular/5G and mesh networking for resilient performance in remote or urban environmentsUltra-low latency, high-definition video supporting real-time ground-force awareness, command-center coordination, and tactical sharingSecure architecture featuring AES encryption, user authentication, and cloud/edge management through the LinkMatrix platformScalable, modular design allowing phased upgrades and seamless integration with existing aircraft and ground systems These latest awards underscore Vislink’s strong position as a trusted provider of mission-critical video intelligence solutions. As law enforcement and defense agencies modernize their airborne capabilities, Vislink continues to deliver advanced, integrated technologies that enhance operational efficiency, situational awareness, and decision-making in real time.

About Vislink Technologies, Inc.

Vislink Technologies is a global technology leader in capturing, delivering, and managing high-quality live video and associated data. With a renowned heritage in video communications spanning over 50 years, Vislink has revolutionized live video communications by delivering the highest-quality video from the scene, even in the most challenging transmission conditions, enabling broadcasters, defense, and public safety agencies to capture and share live video seamlessly and securely. Vislink provides live streaming solutions using RF, bonded cellular, 5G, and AI-driven technologies. Vislink’s shares of common stock are publicly traded on the OTCQB Capital Market under the ticker symbol “VISL.”

For more information, visit www.vislink.com

Press inquiries:

Ben Yelton
Marketing Manager
[email protected]

Key Takeaways Senate progress on ending the shutdown lifted markets, restoring investor confidence and data access.S&P 500 rose 1.5% and the Nasdaq gained 2.3% as focus shifted to financially resilient, low-debt companies.LTH, CAH, MCK and FLS stood out for strong interest coverage ratios and solid earnings growth outlooks.
Wall Street rallied as the U.S. Senate took concrete steps toward ending the prolonged government shutdown. The progress was seen as a pivotal move to restore the flow of official data disrupted by the closure, giving investors clearer insight into growth prospects and monetary policy trends. This shift in sentiment fueled a broad-based rally.

The S&P 500 rose 1.5% to 6,832.43, the Nasdaq Composite surged 2.3% to 23,527.17, and the Dow Jones Industrial Average advanced 0.8% to 47,368.63 yesterday. The market’s rebound also drew attention back to valuation metrics such as the interest coverage ratio, a key measure of a company’s ability to meet debt obligations from operating profits.

Focus on Financially Resilient StocksWe often judge a company based on its sales and earnings. However, these metrics may not be sufficient on their own. A stock might get a boost if these figures rise year over year or surpass estimates in a particular quarter, offering a lucrative opportunity for short-term investors to cash in. Relying solely on sales and earnings numbers may not yield the desired long-term returns. For those seeking sustainable investment growth, a deeper dive into the company’s financial health and stability is essential.

A critical analysis of a company’s financial background is a prerequisite for an informed investment decision. Coverage ratios, which assess whether a company is robust enough to meet its financial obligations, play a crucial role in this analysis. A higher ratio generally indicates a stronger financial position. This article focuses on the Interest Coverage Ratio, a key indicator used to evaluate a company's ability to pay interest on its debt, ensuring that the company is not over-leveraged and can comfortably meet its interest obligations from its operating earnings.

Interest Coverage Ratio is equal to Earnings before Interest & Taxes (EBIT) divided by Interest Expense. Life Time Group Holdings, Inc. (LTH - Free Report) , Cardinal Health, Inc. (CAH - Free Report) , McKesson Corporation (MCK - Free Report) and Flowserve Corporation (FLS - Free Report) have impressive interest coverage ratios.

Why Interest Coverage Ratio?The interest coverage ratio is used to determine how effectively a company can pay the interest charges on its debt.

Debt, which is crucial for most companies to finance operations, comes at a cost called interest. Interest expense has a direct bearing on a company's profitability, and its creditworthiness depends on how effectively it meets interest obligations. Therefore, the interest coverage ratio is one of the important criteria to factor in before making any investment decision.

The interest coverage ratio suggests the number of times the interest could be paid from earnings and gauges the margin of safety a firm carries for paying interest.

An interest coverage ratio lower than 1.0 implies that the company is unable to fulfill its interest obligations and could default on repaying debt. A company that is capable of generating earnings well above its interest expense can withstand financial hardships. One should also track the company’s past performance to determine whether the interest coverage ratio has improved or worsened over time.

The Winning StrategyApart from having an Interest Coverage Ratio that is more than the industry average, adding a favorable Zacks Rank and a VGM Score of A or B to your search criteria should lead to better results.

Interest Coverage Ratio greater than X-Industry Median

Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.

5-Year Historical EPS Growth (%) greater than X-Industry Median: Stocks that have a strong EPS growth history.

Projected EPS Growth (%) greater than X-Industry Median: This is the projected EPS growth over the next three to five years. This shows that the stock has near-term earnings growth potential.

Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.

Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.

VGM Score of less than or equal to B: Our research shows that stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.

Here are four of the 12 stocks that qualified the screening:

Life Time Group, the nation's premier healthy lifestyle brand, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 22.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Life Time Group’s current financial-year sales and EPS implies growth of 13.7% and 51.6%, respectively, from the year-ago period. Life Time Group has a VGM Score of A. Shares of Life Time Group have risen 3.3% in the past year.

Cardinal Health, a global healthcare company that distributes pharmaceuticals, manufactures and supplies medical and laboratory products, carries a Zacks Rank #2 and has a VGM Score of A. CAH has a trailing four-quarter earnings surprise of 9.4%, on average.

The Zacks Consensus Estimate for Cardinal Health’s current financial-year sales and EPS indicates growth of 15.2% and 18.8%, respectively, from the year-ago period. The stock has soared 66.3% in the past year.

McKesson Corporation, a diversified healthcare services leader, carries a Zacks Rank #2 and has a VGM Score of A. The company has a trailing four-quarter earnings surprise of 3.5%, on average.

The Zacks Consensus Estimate for McKesson Corporation’s current financial-year sales and EPS calls for growth of 13.8% and 15.6%, respectively, from the year-ago period. The stock has declined 16.1% in the past year.

Flowserve, a leading provider of flow control products and services for the global infrastructure markets, carries a Zacks Rank #2 and has a VGM Score of A. The company has a trailing four-quarter earnings surprise of 10.5%, on average.

The Zacks Consensus Estimate for Flowserve’s current financial-year sales and EPS suggests growth of 4.9% and 31.2%, respectively, from the year-ago period. The stock has advanced 15.3% in the past year.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

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Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material.Disclosure: Performance information for Zacks’ portfolios and strategies are available at: https://www.zacks.com/performance.

Endava PLC Sponsored ADR (DAVA - Free Report) came out with quarterly earnings of $0.2 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -20.00%. A quarter ago, it was expected that this company would post earnings of $0.32 per share when it actually produced earnings of $0.31, delivering a surprise of -3.13%.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Endava, which belongs to the Zacks Computers - IT Services industry, posted revenues of $240.27 million for the quarter ended September 2025, missing the Zacks Consensus Estimate by 2.43%. This compares to year-ago revenues of $253.71 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Endava shares have lost about 69.5% since the beginning of the year versus the S&P 500's gain of 16.2%.

What's Next for Endava?While Endava has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Endava was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.28 on $250.72 million in revenues for the coming quarter and $1.17 on $1.02 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers - IT Services is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, C3.ai, Inc. (AI - Free Report) , has yet to report results for the quarter ended October 2025. The results are expected to be released on December 3.

This company is expected to post quarterly loss of $0.33 per share in its upcoming report, which represents a year-over-year change of -450%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

C3.ai, Inc.'s revenues are expected to be $75.14 million, down 20.4% from the year-ago quarter.

Key Takeaways Enterprise posted Q3 adjusted earnings of 61 cents, missing estimates and falling year over year.Quarterly revenues came in at $12 billion, down from $13.8 billion, hurt by lower margins and MTM losses. Weaker sales and processing margins weighed down on overall quarterly performance.
Enterprise Products Partners LP's (EPD - Free Report) shares have lost 0.95% since reporting weak quarterly earnings on Oct. 30, 2025.

The leading North American midstream energy services provider reported third-quarter 2025 adjusted earnings per limited partner unit of 61 cents, which missed the Zacks Consensus Estimate of 67 cents. The bottom line also declined from the year-ago level of 65 cents.

However, total quarterly revenues of $12 billion missed the Zacks Consensus Estimate of $12.6 billion. The top line declined from $13.8 billion in the prior-year quarter.          

The weak quarterly earnings can be primarily attributed to overall lower sales and processing margins, along with MTM hedging losses, which offset the gains from volume growth.

Segmental PerformancePipeline volumes in NGL, crude oil, refined products and petrochemicals totaled 8.4 million barrels per day (bpd), higher than the year-ago quarter’s 7.8 million bpd. Natural gas pipeline volumes amounted to 21 trillion British thermal units per day (TBtus/d), higher than 19.5 TBtus/d recorded in the year-ago quarter. Marine terminal volumes totaled 2 million bpd, lower than 2.1 million bpd in the year-ago period.

The gross operating margin at NGL Pipelines & Services remained unchanged at $1.3 billion. This can be primarily attributed to higher natural gas processing volumes at its natural gas processing plant and mark-to-market (MTM) gains from hedging activities. The total equity NGL-equivalent production volumes were also higher compared with the prior-year quarter.

Natural Gas Pipelines and Services’ gross operating margin decreased to $339 million from $349 million in the third quarter of 2024. The downside can be primarily attributed to MTM hedging losses from the partnership’s natural gas marketing business.

Crude Oil Pipelines & Services recorded a gross operating margin of $371 million, down from $401 million in the prior-year quarter. The decrease was mainly due to lower sales margins from marketing activities within Texas crude oil pipelines, related terminals and other marketing activities. Crude oil marine terminal volumes experienced a decline, while crude oil pipeline volumes witnessed a modest increase.

The gross operating margin at Petrochemical & Refined Products Services was $370 million, compared with $363 million in the third quarter of 2024. The increase was aided by higher pipeline volumes and marine terminal volumes in the segment. This was partially offset by lower sales margins in octane enhancement and higher operating expenses in the propylene business.

Cash FlowThe distributable cash flow totaled $1.83 billion compared with $1.96 billion in the year-ago period, providing a coverage of 1.5X. Enterprise retained $635 million of distributable cash flow in the third quarter. It generated an adjusted free cash flow of $96 million, down from $943 million in the year-ago quarter.

Financials                                              In the reported quarter, Enterprise’s total capital investment was $1.96 billion.

As of Sept. 30, 2025, the outstanding total debt principal was $33.9 billion, and consolidated liquidity amounted to approximately $3.6 billion.

OutlookFor 2025, EPD expects growth capital expenditures to remain at approximately $4.5 billion. Further, growth capital expenditures for 2026 are expected to be in the range of $2.2-$2.5 billion.

The company expects sustaining capital expenditure to be approximately $525 million in 2025.

EPD’s Zacks Rank and Key PicksEPD currently has a Zacks Rank #4 (Sell).

Some top-ranked stocks from the energy sector are Oceaneering International (OII - Free Report) , Canadian Natural Resources Ltd. (CNQ - Free Report) and FuelCell Energy (FCEL - Free Report) . While Oceaneering International currently sports a Zacks Rank #1 (Strong Buy), Canadian Natural Resources and FuelCell carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.

Oceaneering International delivers integrated technology solutions across all stages of the offshore oilfield lifecycle. The company is a leading provider of offshore equipment and technology solutions to the energy industry. OII’s proven ability to deliver innovative, integrated solutions supports ongoing client retention and new business opportunities, ensuring steady revenue growth.

Canadian Natural Resources is one of the largest independent energy companies in Canada engaged in the exploration, development and production of oil and natural gas. The company boasts a diversified portfolio of crude oil, natural gas, bitumen and synthetic crude oil. It has delivered 25 consecutive years of dividend increases, one of the longest streaks among global oil producers. 

FuelCell Energy is a clean energy company offering low-carbon energy solutions. It produces power using flexible fuel sources such as biogas, natural gas and hydrogen. The company designs fuel cells that generate electricity through an electrochemical process that combines fuel with air, reducing carbon emissions and minimizing the environmental impact of power generation. As such, FCEL is anticipated to play a crucial role in the energy transition by enabling industries and communities to shift from traditional fossil fuels to low-carbon alternatives.

Coinbase just rolled out a full-scale token launchpad platform aimed at letting everyday retail investors get in on early-stage crypto projects.

SOL price prediction 2025 faces strong bearish dominance since early November as Solana’s momentum cools sharply following declining ETF inflows, weakening technical indicators, and a loss of investor conviction. While SOL price today has attempted short-term recovery, the broader structure still points toward increased downside risk unless major supports hold.

ETF Inflows Lose Strength as Investor Interest DropsThe performance of the SOL ETF has slowed since late October. After recording a peak daily inflow of $69.45 million on October 28 and a slightly higher $70.05 million on November 3, inflows have fallen significantly. The most recent inflow of $6.78 million on November 10 reflects a steep decline in enthusiasm.

Although cumulative inflows have reached $342.48 million, most of this demand has come from Bitwise’s BSOL ETF. Meanwhile, Grayscale’s GSOL ETF has recorded notably low cumulative inflows, suggesting that broader market appetite for Solana exposure is weaker than initially projected.

The declining ETF interest mirrors Solana crypto’s early-November technical breakdown, where an ascending wedge pattern gave a breakdown move and pushed SOL price USD from $180 to $144. This shift has left investors cautious, reinforcing a risk-off sentiment even after short-term bounces.

Solana Bounces From $144, but Market Remains UnconvincedAfter testing the $144 support, Solana price saw a brief recovery to $163.45, accompanied by a market cap of $90.45 billion. However, this has not translated into renewed confidence. The reaction appears corrective rather than constructive, with the Solana price chart still signaling continued bearish pressure.

The current structure suggests that bears may attempt another breakdown of the $144 zone. If that level fails, SOL price forecast indicates a retest of $120 in November. Moreover, if market conditions deteriorate further, a potential flush toward $80 could unfold by December. 

Technical signals support this scenario. MACD remains below the zero line; another histogram-based tool, Awesome Oscillator (AO), confirms the trend, which is deeply negative at –21.

Similarly, the RSI sits near 40, with potential to slide under 30 into oversold territory. This may trigger another bearish move.

Likewise, the money inflows doesn’t look good as well. The Chaikin Money Flow (CMF) hovers at 0, showing no inflow strength, and its persistent decline since September suggests a move toward –0.20, could come that has historically been associated with notable downturns.

Critical Levels That May Shape the SOL Price Prediction 2025 OutlookThe worst-case scenario would be triggered if bears fully reclaim momentum and volume dries further. A fall to $80 from current levels would represent roughly a 50% decline, aligning with the ongoing weakness in ETF demand and deteriorating chart structure.

However, if Solana stabilizes above $144 and ETF inflows improve later in Q4, the broader SOL price prediction 2025 could shift back toward recovery narratives tied to ecosystem growth and institutional demand. For now, caution dominates the outlook.

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Dave Weisberger, former chairman and co-founder of CoinRoutes and now president of BetterTrade.digital, delivered a pointed critique of popular XRP price targets while laying out a structurally bullish—yet methodical—thesis for Bitcoin’s long-term value. In a November 10 video, Weisberger argued that Bitcoin’s investment case rests on verifiable scarcity and a distributed network with unmatched uptime, whereas XRP’s path to durable upside must be underwritten by tangible network revenues that accrue to the token.

Weisberger framed investor behavior in first principles: people buy assets because they expect them to rise and because they have a thesis for why they should. For Bitcoin, he said, that thesis is the re-emergence of “sound money” in a digital age. He positioned Bitcoin as a successor to gold, which he argues lost its monetary anchor after 1913 and definitively in 1971.

“The idea of gold, where you have to trust the people who have what they say they have […] there’s a lot of trust baked in the system,” he said. By contrast, “the idea of Bitcoin, which is maintained by a network of node operators that is incredibly large, global and distributed […] it is provably scarce. It is programmatically scarce at the same time.”

Weisberger also emphasized Bitcoin’s open participation model, drawing a line between permissionless validation and the industrial realities of block production. “There’s no barriers to entry […] If you want to run a node, you can,” he said, while noting economies of scale for miners. That, he claimed, differentiates Bitcoin from other crypto assets.

Why $1,000 XRP Price Targets Are ‘Delusional’
Turning to XRP, he asserted that non-Bitcoin tokens must answer an equity-like question: how does the network generate revenue, and how does value flow back to token holders? “Your path to value has to be the same as with an equity,” he said. The mechanism could be direct profit sharing, fee-driven burns, or required token usage, but “there has to be a reason.”

He warned that in systems offering commoditized, switchable utility, large financial institutions can migrate if costs rise, naturally capping fee levels and, by extension, token value. That switching dynamic, he suggested, limits the ceiling for XRP even under generous adoption scenarios.

Weisberger was explicit that he is not anti-XRP. He disclosed he holds a position, calling the asset “potentially a good investment” with scope to “appreciate a couple of times from here.” But he rejected extreme price claims as mathematically incoherent.

“What gets me completely crazy are these idiots who talk about this in terms of $10,000 prices or $1,000 prices,” he said, contrasting XRP’s supply with Bitcoin’s. “There are quite literally 5,000 times more XRP tokens than Bitcoin […] if you think it flips Bitcoin, you’re saying $21.” On four-figure targets: “$1,000 are […] on its face absurd and clearly innumerate or can’t do math.”

He also reiterated a separation he says Ripple itself drew in the early years: “Ripple and XRP are not the same thing. One is a token. One represents an operational business.” While praising Ripple’s push into prime brokerage—“a brilliant move,” in his words—he framed the strategic aim as balance-sheet strength and financing income, not necessarily perpetual token price appreciation.

“They need the XRP on their balance sheet to be robust because that’s what gives them their advantage,” he said, describing prime brokerage as a leverage-provision business augmented by software. He claimed Ripple has assembled components—“They bought Hidden Road. They bought Custodians. They bought other components.”—to build “what could be a very interesting business,” drawing an analogy to profit centers at Goldman Sachs and Morgan Stanley.

For XRP’s market price, however, he argued operational priorities are pragmatic: “XRP, the ledger, they need it to not go down. They don’t need it to go up, although they would like it to go up.”

My take on XRP vis a vis Bitcoin… Rather than focus on one clip, this goes through the logic. pic.twitter.com/xK27a3djs9

— Dave W (@daveweisberger1) November 10, 2025

Price spikes, he added, can even be counterproductive for network economics. “If the price of XRP goes up too much, they’re, just like everybody else, going to be forced a little bit to switch […] they’re not going to subsidize it for very long.” In his view, the sustainable equilibrium is one where the ledger operates cost-effectively and any token appreciation is justified by usage-driven cash flows, not hype.

At press time, XRP traded at $2.44.

XRP price, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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The proposal signals a move to use DAO revenue for automated LDO buybacks, aiming to boost token utility and liquidity management.

Key Takeaways

Lido DAO proposed an automated buyback mechanism for its LDO tokens to enhance holder value.
The buyback leverages NEST-powered automation and utilizes onchain liquidity via wstETH pairs.

The Steakhouse Finance Workstream, a finance unit within Lido DAO, has proposed an automated LDO token buyback mechanism intended to boost holder value and improve on-chain liquidity through systematic token repurchases.

The proposal outlines a NEST-powered approach that would automate LDO buybacks while providing on-chain liquidity via an LDO/wstETH Uniswap v2-style liquidity pool. The LP position would be established on the decentralized exchange, and the corresponding LP tokens would be held and managed by Aragon Agent.

The automated buyback framework would activate only under favorable market conditions: when ETH exceeds $3,000 and annualized DAO revenue tops $40 million.

The plan mirrors MakerDAO’s Smart Burn Engine and could see up to $10 million in annual buybacks, reinforcing LDO’s value during periods of strong ETH performance and DAO revenue growth.

Disclaimer

XRP’s push toward $2.50 has derailed as the token tanked in the past 24 hours amid notable whale transactions exceeding $1 billion.

At press time, XRP was trading at $2.46, down about 2.8% over the past day. On the weekly chart, however, the asset has still gained 8.5%. This downturn coincides with a broader short-term cryptocurrency market pullback.

XRP seven-day price chart. Source: Finbold
Regarding the whale activity, XRP witnessed two major transfers. The first involved 200 million tokens (worth approximately $511 million) being moved from Ripple to an unknown wallet, followed shortly by another 198 million XRP ($501 million) transferred between two unidentified addresses, according to insights from Whale Alert on November 11.

The timing and scale of these transactions are of particular interest, as the market watches for signs of large-scale selling or strategic redistribution. 

Historically, similar Ripple-to-unknown wallet movements have often preceded periods of mild price pressure, as such transfers can indicate preparations for institutional sales, liquidity operations, or partner distributions.

However, since the second transaction occurred between two unknown wallets rather than to an exchange, it may represent internal custodial reshuffling rather than immediate market selling, suggesting a more neutral to slightly bearish tone in the short term.

XRP price prediction
Regarding the potential long-term impact, Finbold sought insight from OpenAI’s ChatGPT. The model noted that the sheer size of these transfers could still inject uncertainty into XRP’s near-term outlook.

If the moved tokens remain off exchanges, selling pressure may stay limited, allowing XRP to stabilize above key support around $2.40. However, a confirmed move of these funds to exchange wallets could push the token lower, potentially testing the $2.20–$2.25 range.

In the coming days, ChatGPT noted that XRP’s trajectory will likely depend on broader crypto market sentiment, particularly Bitcoin’s (BTC) ability to sustain its recent rally.

In the short term, the AI projected a mildly bearish to neutral outlook, with prices fluctuating between $2.30 and $2.45. Over the next one to two weeks, XRP could recover toward $2.60 if selling remains contained. Looking further ahead, assuming the ongoing bull cycle continues and Ripple avoids large sell-offs, XRP could climb toward $3.50 to $4.20 by the end of 2025.

XRP price technical outlook
Beyond the possible impact of whale transactions, technical insights shared by cryptocurrency analyst Ali Martinez have also highlighted what to expect for the asset.

In an X post on November 10, the analyst said XRP could be setting up for a major move if current levels hold. He noted that XRP may retrace to $1.90, forming what appears to be a higher low, a structure often seen before strong upward momentum resumes.

From there, the analyst outlined a potential rally path that could propel XRP toward $3.70 in the short term, before extending gains to $6.00, marking more than 160% upside from current levels.

If this scenario plays out, XRP’s current correction phase could present a solid accumulation opportunity for bullish traders betting on the continuation of the broader crypto market uptrend into 2026.

Featured image via Shutterstock

Intain, FIS Roll Out Tokenized Loan Marketplace on Avalanche for Small BanksDigital Liquidity Gateway, built on the Avalanche network, helps regional banks tokenize loans, automate settlement and connect them with investors. Nov 11, 2025, 1:09 p.m.

Financial tech provider FIS and structured finance platform Intain are rolling out a blockchain-based marketplace built on AVAX$17.80 that allows regional and community banks to securitize and sell loan portfolios directly to institutional investors, the firms told CoinDesk.

Digital Liquidity Gateway, as it is dubbed, tokenizes loans as non-fungible tokens (NFTs), automates settlement including with stablecoins like USDC, and removes layers of intermediaries that often make asset-backed finance slow and costly. It's integrated with FIS’s core banking systems that provide software and payment infrastructure to more than 20,000 clients worldwide.

STORY CONTINUES BELOW

The platform is already onboarding banks and investors, with hundreds of millions of dollars in loan transactions expected by the end of the year starting with loan pools tied to commercial real estate and aviation finance, the companies said.

The initiative fits into a broader shift as asset managers, banks and fintechs place assets onto blockchain rails in a process called tokenization of real-world assets (RWA). While many of those efforts focus on large institutions, Intain and FIS are aiming at the long tail of community and regional banks that fund much of local small business lending but rarely reach securitization markets.

"These small banks are remote from most capital markets flows," John Omahen, head of digital assets at FIS, said in an interview. "They originate loans and sit on them. They don’t have the expertise to structure deals or reach investors. What we’re doing is creating a place where those assets can meet demand, and capital can move more efficiently."

Loan tokenization to increase transparencyRecent failures and controversies, including those at auto lender Tricolor and car parts manufacturer First Brands, have highlighted how weak data controls and opaque loan tracking can lead to double-pledging, mispricing and investor losses.

Digital Liquidity Gateway's key feature is loan tokenization, where each loan is converted into a non-fungible token (NFT), backed by loan documents, data from FIS systems, and third-party verification. Intain’s AI engine reconciles documents and ensures data accuracy before minting the NFT, which then becomes traceable and tamper-resistant.

"Suddenly, what was an off-chain asset, untraceable, is now onchain," Siddhartha, CEO of Intain, said in an interview. "That means if I’m an investor in a tokenized asset-backed security, I can zoom in and see the hundreds of individual loans that back it, with the assurance that they’re recorded onchain and can’t be double pledged."

The platform underlines how traditional finance (TradFi) institutions can lean into blockchain to streamline operations and open up new markets. For regional banks, this could mean faster access to liquidity, less paperwork and more capacity to lend in local communities.

"Asset-backed finance is about capital flows," Omahen said. "This platform helps banks unlock balance sheet capacity so they can make more loans and serve their communities better."

Read more: Japan's $2T Payment Provider TIS Rolls Out Multi-Token Platform With Avalanche

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A deep dive into Zcash's zero-knowledge architecture, shielded transaction growth, and its path to becoming encrypted Bitcoin at scale.

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In 2025, Zcash evolved from niche privacy tech into a functioning encrypted-money network:

Shielded adoption surged, with 20–25% of circulating ZEC now held in encrypted addresses and 30% of transactions involving the shielded pool.The Zashi wallet made shielded transfers the default, pushing privacy from optional to standard practice.Project Tachyon, led by Sean Bowe, aims to boost throughput to thousands of private transactions per second.Zcash surpassed Monero in market share, becoming the largest privacy-focused cryptocurrency by capitalization.View Full Report

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The federally regulated lender said 60% of users prefer trading crypto with a licensed institution over exchanges, citing compliance as a trust driver.

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SoFi has become the first nationally chartered consumer bank in the U.S. to offer in-app crypto trading, giving users access to bitcoin, ethereum, solana and more.The phased launch of SoFi Crypto lets customers manage digital assets alongside checking, savings, lending and investing in a single app.SoFi plans to expand its blockchain strategy with remittances, a USD stablecoin and crypto-integrated lending products.Read full story

TLDR:

Lido DAO plans to automate LDO buybacks using wstETH liquidity pools by early 2026.
Buybacks would activate when ETH exceeds $3,000 and revenues top $40 million.
The Aragon Agent would hold ownership of the LP positions for transparency.
The model aims to reduce LDO supply while improving token utility and liquidity.

Lido DAO community members have introduced a proposal to establish an automated buyback mechanism for LDO tokens. The plan seeks to pair LDO with wrapped staked Ether (wstETH) liquidity using a Uniswap v2-style model. 

It would deploy liquidity positions held by the Aragon Agent, effectively removing LDO from circulation. The initiative aims to balance token supply, strengthen liquidity depth, and improve on-chain usability.

Lido DAO Eyes Buyback Model to Reduce Circulating Supply
The proposal, shared on the Lido governance forum by Steakhouse, outlines a structure called “NEST execution” to manage LDO/wstETH liquidity. 

According to the document, the approach allows up to 14 executions per year in 350,000 LDO clips without exceeding a 2% market impact. By linking buybacks to Ethereum’s market performance and DAO revenue, it would trigger only when ETH trades above $3,000 and annualized revenue surpasses $40 million.

If implemented, the model would distribute 50% of staking-derived inflows beyond $40 million. Buybacks would pause automatically during market downturns, creating an anti-cyclical effect aligned with Lido’s treasury performance. 

At current metrics, this structure implies around $4 million in annual distributions executed through at least a dozen trades. Each operation would remove circulating LDO while deepening on-chain order books.

Wu Blockchain reported that the initiative could take effect in the first quarter of 2026 if approved by the community vote. The proposed cap stands at $10 million on a rolling 12-month basis, ensuring measured liquidity injections. This mechanism draws inspiration from MakerDAO’s Smart Burn Engine, which uses a similar liquidity model for controlled token buybacks.

The Lido DAO community has proposed a new liquidity buyback mechanism, aiming to deploy LDO/wstETH liquidity as a Uniswap v2-style LP position, with ownership held by the Aragon Agent. The goal is to remove LDO from circulation via automated buybacks while enhancing its utility.…

— Wu Blockchain (@WuBlockchain) November 11, 2025

Technical Framework and Governance Integration
The technical design envisions the Aragon Agent holding full ownership of the liquidity position. 

Once the DAO treasury seeds the initial position, NEST contracts, triggered manually or automatically through EasyTrack, would handle executions. Part of the wstETH holdings would convert to LDO, paired back into the pool, and wrapped as an LP token under DAO custody.

This approach, as detailed in the proposal, emphasizes simplicity and low maintenance. It prioritizes increasing LDO’s liquidity and usability over profit-seeking trades. By keeping operations on straightforward LP smart contracts such as Uniswap v2, Lido aims to reduce complexity while maintaining efficiency.

The framework invites public feedback before formal enactment through a Snapshot vote. 

According to Wu Blockchain, discussions are ongoing regarding parameter adjustments and alternative liquidity management methods. The initiative reflects Lido DAO’s continued effort to strengthen token economics and refine its staking-based revenue models.

TL;DR

The first spot XRP ETF has been approved to trade on Nasdaq under the ticker XRPC, with trading expected to begin within days.
Analysts anticipate stronger institutional access to XRP, which could improve liquidity and demand.
XRP is holding above $2.40, and the ETF listing is linked to renewed interest from asset managers seeking direct exposure to the token for portfolio diversification.

The first spot XRP exchange-traded fund will start trading on Nasdaq after securing approval, giving the token increased access to traditional financial markets through a regulated structure. 

Market Confidence Strengthened After Regulatory Approval
The decision has been positively received by market analysts, who view the development as a step toward further alignment between digital assets and established investment platforms. Several ETF specialists commented that the listing improves XRP’s positioning within the digital payments segment, particularly after a long period of regulatory uncertainty in the United States. The listing follows the recent effectiveness of Canary Capital’s registration, allowing investors to gain price exposure to XRP without directly holding or storing the asset.

XRP trades close to $2.45, showing stability after recent gains. Trading desks in New York and London reported a rise in institutional inquiries following the announcement. Multiple brokerage firms confirmed they are preparing educational material for clients unfamiliar with crypto-linked products, expecting early demand from wealth managers seeking diversification.

Broader ETF Adoption And Potential XRP Impact
The XRP ETF will charge a 0.50% management fee and track a recognized index reflecting the token’s spot market value across several exchanges. Established digital asset custodians will provide custody services, and U.S. Bancorp Fund Services will act as transfer agent. The structure mirrors other recently launched crypto ETFs, making it easier for traditional investors to adopt.

Market strategists compare this launch with the early progress of Bitcoin and Ethereum spot ETFs. Initial inflows were moderate but grew as financial advisors became more comfortable allocating to digital assets. Analysts suggest a similar pattern may occur with XRP, potentially improving liquidity across regulated markets and crypto exchanges.

If inflows continue during the first weeks of trading, market participants expect a positive spillover effect on assets linked to payments and settlement use cases. Some exchanges in Europe and Asia have signaled interest in exploring related products, which could encourage additional markets to review similar proposals.

The upcoming launch marks a relevant moment for XRP’s engagement with institutional investors and may open the door to future products tied to blockchain-based payment assets.

Key NotesEthereum supply on Binance has reached its lowest level since May. ETH price went from between $4,500-$5,000, and it is now struggling at $3,500.A continuous supply dip may likely translate to an Ethereum price breakout.
Blockchain analytics platform CryptoQuant has reported the Ethereum

ETH
$3 550

24h volatility:
1.6%

Market cap:
$428.63 B

Vol. 24h:
$37.00 B

balance outlook on cryptocurrency exchange Binance. According to its post on X, Ethereum exchange supply on Binance has fallen to its lowest level in the last seven months.

Ethereum Needs Time to Restart an Upward Trend
Arab Chain on CryptoQuant noted that Binance is the largest Ethereum trading platform by volume. However, the supply of the altcoin on this exchange has been on a downtrend since the middle of this year. Around June and July, the Ethereum volume on Binance peaked. It was sustained for a while until November, when it began to decline sharply.

The decline has finally brought the supply to its lowest level since last May. The continuous dip in the available Ethereum supply on exchanges may be an indication of a movement of coins into cold or private wallets.

Ethereum Exchange Supply on Binance Falls to Its Lowest Level Since Last May

“Overall, current indicators reflect a transitional phase in the Ethereum market, where investors appear to be accumulating and holding.” – By @ArabxChain

Read more ⤵️https://t.co/zwIkpf5Yh1 pic.twitter.com/vNLCJQyuIl

— CryptoQuant.com (@cryptoquant_com) November 11, 2025

This behavior is considered to be bullish in the medium to long term. For context, a reduction in the supply available for sale reduces market pressure.

Around August and September, ETH fluctuated between $4,500 and $5,000. Recently, the price of the coin has plummeted below $3,500. According to CoinMarketCap data, Ethereum is currently trading at $3,577.08, up by 1.2% over the last 24 hours. Coincidentally, the price drop comes at the same time as the exchange supply dip of the coin.

Traders may have withdrawn their coin after taking profit in September and are probably waiting for an opportunity to join the market again for longer-term gains. However, there are still some, like 7 Siblings, which continue to buy the dip.

Grab Some Gains from Bitcoin Hyper
While Ethereum joins the price recovery trend with other cryptocurrencies, the spotlight is resting on some new projects, such as Bitcoin Hyper (HYPER).

This coin currently has the attention of many traders, and its ongoing presale has seen support from several entities. Markedly, it has a strong reputation among retail investors in the sector.

It is designed as a Layer-2 solution BTC project with strong potential for early investors. HYPER is fitted to those who are not afraid to take on high risks for high rewards. Its strong presence and potential have found it a position among the best crypto presales of 2025.

Read our Bitcoin Hyper price prediction to learn more about the future of the project.

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

Market News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Cover image via U.Today

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

The market is facing a correction after a few days of growth, according to CoinMarketCap.

Top coins by CoinMarketCapXRP/USDThe rate of XRP has declined by 3.35% over the last 24 hours.

Image by TradingViewOn the hourly chart, the price of XRP remains bearish as it is near the local support of $2.4450. If buyers cannot seize the initiative, there is a high chance to see a level breakout, followed by a further drop to the $2.40 range.

Image by TradingViewOn the longer time frame, the rate of XRP has once again bounced off the resistance of $2.5549. 

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If the daily bar closes far from that mark, traders may expect a test of the $2.35-$2.40 range soon.

Image by TradingViewFrom the midterm point of view, the price is far from key levels. The volume is low, which means there are low chances of seeing sharp moves over the next few days. All in all, sideways trading in the range of $2.40-$2.50 is the most likely scenario.

XRP is trading at $2.4629 at press time.

Privacy tokens bucked the trend to surge in price and popularity during the recent market slump, but most of the discussion has centered on consumer-facing projects like Zcash.

At the same time, banks and financial institutions have been exploring zero-knowledge (ZK) systems that enable private transaction flows on blockchains, a technology known for transparency and immutability.

As Alex Gluchowski, CEO of Matter Labs, put it, “There is cypherpunk privacy, which is account-level privacy, and then there is institutional privacy, which is system-level privacy. Institutions need full visibility over their own flows while keeping that data private from everyone else.”

Gluchowski first encountered Bitcoin in 2014 while working in the startup world but shifted his focus during the initial coin offering era when Ethereum’s smart contracts enabled new use cases. The scalability problem, and ZK-proofs in particular, drew him into building Matter Labs, the developer behind the Ethereum layer-2 network ZKsync.

More than 140 companies held around $137 billion in crypto assets on their balance sheets as of early November, according to CoinGecko. But the next stage, where financial institutions move payment or settlement flows onto public blockchains, will only happen with a reliable privacy layer due to confidentiality obligations, Gluchowski told Cointelegraph.

The next stage of institutional adoption is financial institutions using blockchain for transactions and settlements. Source: CoinGeckoConsumer growth has stalled, but privacy opens the door for institutionsCrypto bull cycles in recent years highlighted long stretches of speculation, dominated by trends that have little connection to real-world utility.

“We have had a weird obsession with non-productive assets for a long time in crypto, and it was clearly not sustainable,” Gluchowski said, adding that the consumer side of crypto’s growth has hit a plateau.

Memecoins are a good example — those are pure speculative chips in a casino. They have zero substance behind them other than just this cultural component.”Solana memecoin launchpad volume has been dropping. Source: Dune AnalyticsPrivacy stands apart from that pattern because it has a direct functional role in how financial systems operate. It wasn’t fully explored in earlier cycles due to regulatory pressure; privacy coins were delisted from exchanges, and the US government sanctioned Tornado Cash.

But that sentiment has been reversed since the current US administration has taken a more selective approach, distinguishing privacy as a technical capability from uses tied to illicit finance.

Sanctions against Tornado Cash have since been scrapped. Source: US Department of the Treasury“It’s night and day. No one wanted to touch crypto before — it was a taboo topic. Now the attitude is more like, ‘We need to embrace this technology, or we’re going to be outcompeted,’” Gluchowski said.

The renewed attention to Zcash (ZEC) is the most visible part, but the more consequential driver comes from institutional requirements, he said. Banks, asset managers and corporates cannot settle transactions on transparent public ledgers without exposing internal flows, counterparty details or treasury operations on a public ledger.

That’s the dynamic behind the new focus on privacy inside the Ethereum ecosystem, according to Gluchowski. It is being framed as system-level requirements that let institutions transact on shared infrastructure while retaining full internal visibility and control.

Resolving privacy trade-offs in the Ethereum ecosystemThe privacy that institutions require is not the same model used by consumers. Instead of obscuring individual addresses, banks and corporations need a private execution environment where they can see every transaction under their control, while the outside world sees none of it.

If sensitive payment data must be shared with external validators or third-party infrastructure, privacy becomes a contractual arrangement rather than a cryptographic guarantee.

“You only get incorruptible privacy if the data never leaves devices under your control,” Gluchowski said. “If you share it with someone else and sign an NDA, this is not incorruptible anymore. It’s just a promise.”

Earlier enterprise blockchain experiments ran into exactly this problem. Financial institutions deployed private chains using frameworks such as Hyperledger Fabric or Corda to keep data internal, but those networks remained cut off from the broader liquidity and settlement infrastructure forming around public blockchains.

“If you build a completely private chain, it’s not going to be connected to anything,” Gluchowski said. “It’s a slightly better version of a database, but it does not give you connectivity to public capital markets.”

He claimed that the model now taking shape in the Ethereum ecosystem attempts to resolve that trade-off. It pairs locally operated private chains with ZK-proofs, allowing institutions to keep transaction data internal while still proving to the public network that the system is operating correctly. The public chain does not see the specifics of a transaction, but it can verify that no rules are being broken.

Vitalik Buterin praised ZKsync’s approach to enabling shared liquidity across Ethereum L2s. Source: Vitalik Buterin/Alex GluchowskiThe institutional privacy layer is starting to materializeData from Nansen in early November showed ZKsync leading the industry in fee growth over a seven-day period. Gluchowski attributed the increase not to retail speculation but to activity following the release of new tokenomics and staking proposals.

“We published the proposal for the new tokenomics for the ZK token, and after that, we saw a surge of interest,” Gluchowski said. “The token price went up, the volumes went up, and there was a lot of movement on ZKsync Era. We also announced the pilot staking implementation around the same time, and a lot of people are now exploring it.”

ZKsync leads all chains in fee growth over the past month. Source: NansenConsumer-facing crypto use cases continue to expand, but Gluchowski argued that the next wave of scale sits with institutions that cannot operate on transparent ledgers. Privacy is emerging as an operational requirement for participating in shared settlement infrastructure.

ZKsync is now positioned as a network of chains rather than a single rollup, including systems operated by financial firms in controlled environments.

Some are already running in testing, and Gluchowski said the first production deployments are expected before the end of the year.

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Bitcoin hält sich stabil bei rund 106.000 USD, während Ethereum auf 3.593 USD steigt, da die Zuversicht über das baldige Ende des US-Regierungsstillstands wächst. Zum gleichen Zeitpunkt wurde Bitcoin bei 106.211 USD gehandelt, ein Anstieg von 0,14 % in den letzten 24 Stunden.

When FUNToken ($FUN) launched its $5 M Giveaway, it was a deliberate move designed to reshape how the token behaves in the open market. The strategy is simple to explain but powerful in effect: make it harder to find $FUN in circulation while increasing the number of people who want it. That equation – less supply, more demand – is what many believe could set the stage for a genuine price shock.

A giveaway that pulls tokens out of circulation
At the center of the campaign is a smart contract that locks $FUN tokens staked by participants on 5m.fun. Once staked, these tokens can’t be traded or moved until the event concludes or price milestones are hit. That means every new participant effectively removes part of the circulating supply from exchanges.

The scale of this withdrawal is already visible. Over 8.7 million $FUN have been staked globally, creating a measurable contraction in available liquidity. This tightening supply gives the market less room to absorb large buy orders without pushing prices upward: a classic setup for what analysts call a supply shock.

The demand side is growing in parallel
On the other side of the equation, demand isn’t staying still. The giveaway has pulled new audiences into the ecosystem through Telegram engagement, leaderboard competitions, and task-based rewards. Each interaction introduces new holders who often decide to keep part of their winnings staked.

Beyond giveaways, $FUN continues to find traction in online gaming and entertainment platforms. Partnerships and integrations allow users to spend or earn $FUN within real ecosystems, keeping demand active long after the giveaway milestones are achieved.

This balance is what gives the event its potential market impact.

Market setup: Tight liquidity and building momentum
At the time of writing, $FUN trades around $0.002205, with a market cap of $23.82 million and daily volume near $10.69 million, according to CoinMarketCap. These are modest numbers, but they represent an asset under consolidation rather than decline.

Historically, similar setups have preceded major upward movements. When the token last traded around these levels earlier in 2025, it later surged above $0.02 – an increase of more than 700%. This time, the conditions are even more refined: the supply side is artificially tightened through staking, and the community engagement levels are stronger.

Why this could lead to a price shock
Economically, a price shock occurs when the equilibrium breaks. When buyers outnumber sellers faster than supply can adjust. The $5 M Giveaway is creating exactly that kind of imbalance. Every participant staking $FUN is effectively increasing the scarcity others face when trying to buy it.

The difference between typical short squeezes and this campaign is intention. The supply shock here isn’t accidental; it’s designed into the system. The more milestones reached, the more tokens remain temporarily locked, amplifying scarcity.

If demand continues to build, especially from new entrants drawn in by visibility or past performance, prices could respond sharply and quickly.

The community effect that magnifies impact
The Telegram community has become an unexpected amplifier in this setup. Thousands of users now discuss reward progress, staking totals, and price updates daily. Real-time communication helps sustain enthusiasm, which keeps new participants joining and existing ones holding.

Sentiment polls show consistent optimism: over 80% of active users report a positive or bullish outlook for the near term. Community observers note that this unity of sentiment can accelerate reactions once momentum shifts upward, as traders and holders reinforce each other’s confidence.

A calculated scarcity play
Unlike projects that rely on token burns to simulate rarity, FUNToken is engineering scarcity through participation. Tokens are strategically frozen in a transparent, verifiable system. This approach maintains both supply discipline and liquidity structure, ensuring the ecosystem remains functional while the market recalibrates around reduced availability.

If this model holds, FUNToken could become one of the few projects where scarcity, community, and engagement combine to produce a self-sustaining cycle of value creation.

Final word
FUNToken’s $5 M Giveaway is rewriting the relationship between holders and circulation. Every stake reduces liquidity, every new user adds demand, and every milestone amplifies scarcity.

With the token consolidating near $0.0022 and on-chain participation continuing to rise, market watchers believe the pressure is quietly building beneath the surface. If demand continues to grow at this pace while supply remains constrained, a price shock may not just be possible – it may already be in motion.

Disclaimer: Prices and figures were accurate at the time of writing (November 8th, 2025) and may have changed since.

Disclaimer. Readers are encouraged to do their own research. Ambcrypto is not liable for any outcomes related to the use of information, products, or services mentioned. This content may include affiliate or partner links.

Designed to provide broad exposure to the Small Cap Value segment of the US equity market, the Pacer US Small Cap Cash Cows ETF (CALF - Free Report) is a passively managed exchange traded fund launched on June 16, 2017.

The fund is sponsored by Pacer Etfs. It has amassed assets over $3.75 billion, making it one of the larger ETFs attempting to match the Small Cap Value segment of the US equity market.

Why Small Cap ValueSmall cap companies have market capitalization below $2 billion. They usually have higher potential than large and mid cap companies with stocks but higher risk.

Value stocks are known for their lower than average price-to-earnings and price-to-book ratios, but investors should also note their lower than average sales and earnings growth rates. When you look at long-term performance, value stocks have outperformed growth stocks in nearly all markets. But in strong bull markets, growth stocks are more likely to be winners.

CostsCost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive counterparts if all other fundamentals are the same.

Annual operating expenses for this ETF are 0.59%, making it one of the more expensive products in the space.

It has a 12-month trailing dividend yield of 1.02%.

Sector Exposure and Top HoldingsEven though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.

This ETF has heaviest allocation to the Consumer Discretionary sector -- about 19.7% of the portfolio. Energy and Information Technology round out the top three.

Looking at individual holdings, Halliburton Co (HAL) accounts for about 2.18% of total assets, followed by Cf Industries Holdings Inc (CF) and Biogen Inc (BIIB).

The top 10 holdings account for about 20.04% of total assets under management.

Performance and RiskCALF seeks to match the performance of the Pacer US Small Cap Cash Cows Index before fees and expenses. The Pacer US Small Cap Cash Cows Index uses an objective, rules-based methodology to provide exposure to small-capitalization U.S. companies with high free cash flow yields.

The ETF has lost about 0.17% so far this year and is down about 8.55% in the last one year (as of 11/11/2025). In the past 52-week period, it has traded between $32.00 and $48.53.

The ETF has a beta of 1.11 and standard deviation of 21.64% for the trailing three-year period. With about 203 holdings, it effectively diversifies company-specific risk.

AlternativesPacer US Small Cap Cash Cows ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, CALF is a reasonable option for those seeking exposure to the Style Box - Small Cap Value area of the market. Investors might also want to consider some other ETF options in the space.

The iShares Russell 2000 Value ETF (IWN) and the Vanguard Small-Cap Value ETF (VBR) track a similar index. While iShares Russell 2000 Value ETF has $11.54 billion in assets, Vanguard Small-Cap Value ETF has $31.34 billion. IWN has an expense ratio of 0.24% and VBR charges 0.07%.

Bottom-LineRetail and institutional investors increasingly turn to passively managed ETFs because they offer low costs, transparency, flexibility, and tax efficiency; these kind of funds are also excellent vehicles for long term investors.

To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.

, /PRNewswire/ -- USANA (NYSE: USNA), the global leader in cellular nutrition, is thrilled to announce that its fan-favorite MagneCal D supplement has officially earned the coveted ConsumerLab.com Seal of Approval—a gold-standard recognition for purity, potency, and scientific excellence.*

USANA's MagneCal D supplement is ConsumerLab.com approved

With millions of Americans looking for ways to maintain their bone density, getting enough calcium, magnesium, and vitamin D isn't just a good idea—it's essential. That's where MagneCal D comes in, combining powerful nutrients to help maintain strong bones, keep your muscles moving, and your confidence unshakable.*

"This accomplishment reflects more than quality manufacturing—it reflects our purpose," said Brent Neidig, USANA's Chief Commercial Officer. "This seal represents our ongoing promise to deliver products that combine integrity, innovation, and uncompromising quality. We are proud to empower people to take charge of their well-being one trusted supplement at a time."*

To earn the Seal of Approval, USANA's MagneCal D supplement was subjected to comprehensive testing for potency, purity, and label accuracy. The product was required to deliver 100% of the claimed amounts of magnesium, calcium, vitamin D, and boron and demonstrate proper disintegration and bioavailability—benchmarks that align with USANA's own uncompromising internal standards.

What's Inside the Magic?
USANA's perfectly-balanced MagneCal D is your daily dose of bone and body support in a tablet. No matter what stage of life you're in, maintaining bone density is essential for physical development, and this powerhouse supplement can help provide some amazing benefits. Inside USANA's MagneCal D supplement, you can find*:

Calcium – Most known for its contribution in supporting bone formation and density, this essential mineral also supports cardiovascular health by aiding in the maintenance of healthy blood pressure that is already in the normal range.*
Magnesium – Assists calcium utilization while supporting healthy neuronal function¾the sending and receiving of chemical and electrical signals via neurotransmitters which is vital for supporting healthy muscle response, brain activity, and mood.*
Vitamin D – Helps your body use calcium most effectively, plus brings added benefits for optimizing cellular function and whole-body health.*
The approval from ConsumerLab.com is yet another validation of USANA's science-backed innovation and quality. USANA continues to set new benchmarks for nutritional excellence by investing in cutting-edge research, state-of-the-art manufacturing, and gold-standard testing protocols—ensuring that every product not only meets expectations but sets a new bar for excellence.

Experience the power of premium nutrition. Visit USANA.com to learn more about how USANA's award-winning products bring science and wellness together.

*These statements have not been evaluated by the Food & Drug Administration. This product is not intended to diagnose, treat, cure, or prevent any disease.

About USANA

USANA (NYSE: USNA) has been providing premium-quality nutrition and lifestyle products for more than 30 years. From its award-winning supplements manufactured in its FDA-registered facility to its cutting-edge Celavive skincare and healthy living products, USANA is committed to empowering people to live healthier, more vibrant lives.

Discover the future of nutrition at USANA.com or explore the science at AskTheScientists.com.

Media Contact: 
(801) 954-7645
media(at)USANAinc(dot)com

SOURCE USANA

CHASM is a U.S.-based carbon nanotube producer enabling global, low-cost, and scalable CNT manufacturing through its technology licensing model.

Ingevity provides products and technologies that purify, protect and enhance the world around us.

, /PRNewswire/ -- CHASM Advanced Materials, Inc. (CHASM) announced today the signing by Ingevity Corporation (NYSE: NGVT) of a license agreement for CHASM's patented, low-cost, and highly scalable carbon nanotube (CNT) production technology. The agreement grants Ingevity the rights to manufacture CHASM's NTeC®-E CNT conductive additives for battery applications in North America and select European countries.

Building upon the joint development agreement (JDA) signed in February 2024, this new license strengthens the partnership between the two companies and advances their shared mission to build secure, local supply chains for high-performance battery materials supporting the rapidly expanding EV gigafactory ecosystem in North America and Europe.

Under the JDA, CHASM's NTeC®-E CNT was validated by Ingevity's battery laboratories, battery OEMs, and third-party testing facilities to be not only more conductive than other commercial CNT products, but also to deliver superior capacity retention at high C-rates and over extended cycle life — in both commercial lithium-ion cathodes and silicon anodes.

CHASM's NTeC®-E high-purity, high-performance conductive CNT additives are designed to integrate seamlessly into commercial lithium-ion cathode, high-nickel cathode, silicon anode, solid-state, and other emerging battery chemistries, and provide a cost-effective and domestically sourced option for North American and European manufacturers seeking supply chain security and performance consistency.

"This agreement is a major step toward building a reliable, regionally sourced CNT supply for the rapidly growing EV battery industry," said David Arthur, CEO and Co-founder of CHASM. "Together with Ingevity, we're enabling battery cell producers to achieve performance and sustainability goals without relying on overseas supply."

"This milestone marks a significant step in our partnership with CHASM, validating both the strength of their technology and Ingevity's core competencies," said David Li, President and CEO of Ingevity. "Building on our over 40 years of expertise in delivering activated carbon-based solutions for the automotive industry, we're accelerating our EV battery materials strategy and investing in scalable CNT manufacturing to build a stronger, more resilient supply chain across North America and Europe."

About CHASM

CHASM's mission is to develop and manufacture advanced carbon nano materials, leveraging its innovative product platforms to create a safer, more connected and sustainable world. The company's patented nanotube manufacturing platform combined with its unique ability to integrate CNTs into product solutions is unleashing the power of nanotechnology.

Innovations powered by CHASM include universal transparent ADAS heaters for safer driving, transparent antennas for smarter cities, conductive additives for EV batteries, and cement additives for greener (lower carbon footprint) concrete.

For more information, visit www.chasmtek.com, or follow us on LinkedIn, Twitter, or WeChat.

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in three reporting segments: Performance Materials, which includes activated carbon; Advanced Polymer Technologies, which includes caprolactone polymers; and Performance Chemicals, which includes specialty chemicals and road technologies. Our products are used in a variety of demanding applications, including adhesives, agrochemicals, asphalt paving, certified biodegradable bioplastics, coatings, elastomers, pavement markings and automotive components. Headquartered in North Charleston, South Carolina, Ingevity operates from 24 locations around the world and employs approximately 1,600 people. The company's common stock is traded on the New York Stock Exchange (NYSE:NGVT). For more information, visit ingevity.com.

SOURCE CHASM Advanced Materials

ENGLEWOOD, COLORADO / ACCESS Newswire / November 11, 2025 / Lightwave Logic, Inc. (NASDAQ:LWLG) (the "Company"), a technology platform company leveraging its proprietary electro-optic (EO) polymers to transmit data at higher speeds with less power in a small form factor, announced today that CEO Yves LeMaitre will host an update call on Tuesday, November 25, 2025. The investor call will be webcast at 4:30pm Eastern Time via the Investor Relations section of the Company's website at www.lightwavelogic.com.

Full acquisition of QPerfect: BTQ has exercised its option to acquire QPerfect, a leading neutral atom quantum computing company, based at the heart of the European Center for Quantum Science (CESQ) in Strasbourg. This move establishes BTQ as the first listed fully integrated neutral atom quantum technology company.
Deep tech integration: QPerfect's MIMIQ emulator and Quantum Logical Unit (QLU) address two of the most critical bottlenecks in quantum technology. MIMIQ, one of the industry's most advanced quantum emulators, lets engineers design and test quantum programs in software at high speed before using real hardware. The Quantum Logical Unit adds the control layer that keeps quantum systems stable and enables scalable deployment beyond the lab. Bringing these into BTQ's cryptographic platform will speed the design, testing, and rollout of post-quantum security, one-shot signatures, and applications for finance, communications and critical infrastructure.
Adoption and partnerships: MIMIQ is already deployed by leading quantum research groups and enterprise customers across Europe, Asia, and North America and has been validated through France and Singapore collaborations such as Eureka, as well as peer reviewed work with hardware partners including QuEra and Quantinuum (who were both recently selected for Stage B of DARPA's Quantum Benchmarking Initiative (QBI)). QPerfect also maintains research and licensing agreements with institutional partners like CRS4 in Italy and industrial partners, including Quobly in France, reinforcing commercial traction and supporting recurring software licensing and collaborative quantum research services. These partnerships position BTQ to become a foundational provider of quantum-ready security infrastructure as global institutions begin planning real-world quantum deployments.
European R&D hub in Strasbourg with flagship programs: BTQ will anchor its European research and development in Strasbourg, collaborating closely with leading universities and national programs. Early milestones include demonstrating the Quantum Logical Unit on local neutral atom hardware and piloting next generation, quantum-safe digital signatures on live systems. This ecosystem dramatically shortens the path from academic research to commercial-grade, exportable products – positioning BTQ as a European leader in deployable quantum security.
Consolidated IP portfolio enabling scalable, fault-tolerant quantum: The combination creates a consolidated portfolio of European patents and registered software that enables the control, testing, and large-scale deployment of quantum systems. A new framework with regional tech transfer partners provides a path to exclusive commercial rights on future joint results. This supports BTQ's transition from research to industrial-scale solutions in neutral atom computing and post-quantum security, with defensible IP and scalable commercialization rights.
, /PRNewswire/ -BTQ Technologies Corp. ("BTQ" or the "Company") (Nasdaq: BTQ) (CBOE CA: BTQ) (FSE: NG3), a global quantum technology company focused on securing mission-critical networks, is pleased to announce that it has made a strategic investment of approximately 2 million Euros for a minority stake in Qperfect SA ("QPerfect") and at the same time exercised its option to acquire all outstanding securities of QPerfect, a leading neutral atom quantum computing company based in the European Center for Quantum Science ("CESQ") in Strasbourg, France marking a significant step toward building an integrated, end‑to‑end quantum technology platform that unites cryptography, emulation, and fault‑tolerant quantum control under a single corporate structure. The closing of the acquisition is expected to occur by the end of 2025, subject to the satisfaction of a number of conditions including foreign direct investment (FDI) approval by French authorities and stock exchange approval.

BTQ Exercises Option to Acquire QPerfect, a Leading Neutral Atom Computing Company, Strengthening BTQ as a Fully Integrated Quantum Company

Building a Vertically Integrated Quantum Platform

The acquisition elevates BTQ from a post-quantum security specialist to a fully integrated quantum technology company that spans the full stack from quantum cryptography to computing. By combining BTQ's enterprise grade post-quantum security for digital assets and critical infrastructure with QPerfect's industry leading MIMIQ emulator and Quantum Logical Unit control framework, BTQ adds two key quantum products to its commercial product suite. Anchoring European research in Strasbourg alongside leading academic programs strengthens BTQ's pipeline of talent, partnerships, and validations, while QPerfect's licensing model and active deployments with top hardware groups provide immediate commercial traction. Together, these elements position BTQ as a trusted provider of end-to-end quantum solutions, aligning security, software, hardware, and neutral atom computing on a single roadmap.

Commercial Model and Benchmark Validation

MIMIQ, QPerfect's industry leading quantum emulator, is licensed through recurring software agreements and supported by collaborative research and development engagements. It is in active use with leading quantum groups and enterprise customers across Europe, Asia, and North America, including work with industry leaders Quantinuum and QuEra (who were both recently selected for Stage B of DARPA's Quantum Benchmarking Initiative (QBI). The platform has been validated through France and Singapore collaborations such as Eureka and through peer reviewed publications with major hardware partners, producing data that demonstrates performance at scale and precise modeling of error correction and control systems.

QPerfect also maintains research and licensing agreements with institutional partners such as CRS4 in Italy and industrial partners including Quobly in France, reinforcing commercial traction. As part of BTQ, this model will align with enterprise grade post-quantum security offerings so customers can adopt quantum-safe communications today while preparing for interoperable compute platforms tomorrow, creating a single roadmap that connects data protection, verification, and future compute capability.

Competitive Positioning and European Expansion

With QPerfect, BTQ becomes Europe's leading software driven developer of neutral atom architectures. While some competitors concentrate primarily on building large scale hardware arrays, the combined BTQ and QPerfect focus is on the software and control layer that makes these systems practical, error tolerant, and interoperable. MIMIQ and the Quantum Logical Unit form a modular stack that can interface with multiple neutral atom approaches and with academic programs such as aQCess in France. By aligning advanced error correction and simulation with BTQ's leadership in post-quantum cryptography, the company offers an integrated pathway from secure communications to scalable quantum compute.

European Research and Development Hub in Strasbourg

BTQ will anchor European research and development in Strasbourg in close collaboration with leading universities and national programs. Early milestones include demonstrating the Quantum Logical Unit on local neutral atom hardware and piloting next generation, quantum safe digital signatures in live systems. Locating this work inside a strong academic and industrial ecosystem helps rigorous science translate into dependable products more efficiently.

Strategic Roadmap Toward Quantum Advantage

Following the consolidation of QPerfect's business into BTQ, the combined business will pursue a phased strategic roadmap designed to commercially deploy quantum‑secure applications.

Quantum Logic Unit Prototype and One ‑Shot Signature Blueprint: QPerfect has initiated development of a Quantum Logic Unit (QLU) prototype, an accelerator bridging high‑level quantum circuits with machine‑level error‑corrected code for neutral atom quantum processors. In parallel, the team is developing a blueprint for quantum one‑shot signatures, a post‑quantum cryptographic primitive designed for use on scalable quantum architectures.
Hardware Integration and Fault ‑Tolerant Demonstrations: BTQ and QPerfect aim to first demonstrate the QLU prototype with neutral atom hardware being built in Strasbourg. This phase will also advance quantum one‑shot signature testing on live hardware, bridging cryptography and physics in an applied environment.
Quantum Advantage and Industrialization: BTQ and QPerfect plan to demonstrate commercial quantum advantage using scalable neutral atom platforms. This will mark the industrialization phase for BTQ's fault‑tolerant quantum computing systems, paving the way for practical post‑quantum cryptographic applications and quantum‑secure infrastructure commercialization.
Team Collaboration and Scientific Excellence

Over the past months, the teams have been working closely together as part of their strategic partnership to advance one-shot signatures and quantum communications using neutral atom quantum processors and on their general strategic roadmap.

Together, the team combines deep theoretical physics expertise with practical engineering capabilities:

Dr. Gavin K. Brennen, Chief Quantum Officer at BTQ, is a recognized authority in quantum computation, simulation, and neutral atom physics. His work has influenced modern implementations of fault tolerant application scale quantum systems and post-quantum cryptographic protocols.

Prof. Shannon Whitlock, Co-Founder of QPerfect and Professor of Quantum Physics at the Université de Strasbourg, leads experimental research in neutral atom computation, Rydberg interactions, and quantum simulation and coordinates national and European programs including aQCess.

Prof. Guido Pupillo, Co-Founder of QPerfect, Professor of Physics at the Université de Strasbourg and Director of CESQ, leads theoretical work on neutral atom architectures, quantum simulation, and control, and coordinates the EU Quantum Flagship EuRyQa while co-coordinating the French aQCess program. Prof. Pupillo manages one of Europe's most productive programs in quantum simulation and neutral atom architectures. He is a principal inventor on cornerstone patents that define the Quantum Logical Unit and the QPerfect control stack.

Dr. Johannes Schachenmayer, Co-Founder of QPerfect and CNRS researcher at the Université de Strasbourg, leads a group on computational quantum many-body theory at ISIS and CESQ, specializing in large scale numerical methods and emulator design, and holds an ERC Consolidator grant.

Publications

Dr. Gavin K. Brennen co‑developed early architectures for optical lattice qubits and has authored several landmark papers on quantum logic gates, entanglement measures, and quantum error correction, with over 6,000 scientific citations worldwide.
Prof. Shannon Whitlock has authored over 50 scientific publications with more than 4,000 citations, and two recent patent applications form the foundation of QPerfect's simulation and control systems.
Prof. Guido Pupillo's contributions are seminal to the development of neutral atom quantum computation and quantum control theory. He has published over 100 research papers in high‑impact journals, including Nature, Science, Nature Physics, and Physical Review Letters, with over 11,000 scientific citations worldwide.
Dr. Johannes Schachenmayer has authored over 50 scientific publications in high-profile journals with more than 4,500 citations, including several landmark publications on numerical method developments and breakthroughs in understanding entanglement in quantum many-body systems.
Dr. Guido Masella has authored 15 scientific publications, including first-author papers in Physical Review Letters and Nature Communications, focusing on the numerical study of quantum many-body systems, the development of advanced quantum Monte Carlo algorithms, and the theoretical modeling of neutral atom platforms, including the identification of exotic phases of matter such as supersolids.
Intellectual Property and Portfolio

QPerfect maintains one of France's most advanced quantum software portfolios, including European patent families that address quantum resource allocation, fault tolerant control, hybrid algorithm emulation, and system level orchestration, as well as registered software that underpins MIMIQ and the Quantum Logical Unit.

Leadership Commentary

Olivier Roussy Newton, CEO of BTQ, commented: "By acquiring QPerfect, BTQ transforms from a post-quantum cryptography company into a vertically integrated quantum technology leader. This acquisition aligns software and hardware capabilities under one vision, to deploy quantum-secure solutions at an industrial scale and accelerate the global transition to quantum-safe infrastructure. It not only strengthens our presence within the European quantum ecosystem but also reinforces BTQ's with the highest standards of quantum technology."

Philippe Blot, CEO of QPerfect, added: "Our journey with BTQ has demonstrated the powerful synergies between algorithm design and neutral atom quantum architecture. Becoming part of BTQ ensures that QPerfect's technology will reach its full potential in next-generation applications that demand both speed and provable security."

Philippe Lucet, Director of BTQ, commented: "This transaction demonstrates BTQ's long-term commitment to integrating European innovation within a secure and transparent governance framework. By consolidating QPerfect's intellectual property and scientific expertise under BTQ's global structure, we have created a solid legal foundation for collaboration and growth across borders."

About QPerfect
QPerfect is a French quantum computing company based in Strasbourg, led by a team of scientists and engineers recognized for their pioneering work in neutral atom physics, quantum optics, and quantum software engineering, and specializing in quantum computing and quantum design automation. Founded in 2023, the deeptech company has received the i-Lab Grand Prix and provides powerful technology to enable researchers, developers, and manufacturers to realize the full potential of quantum computers.

At the core of QPerfect's innovation is the Quantum Logical Unit (QLU), a multi-layered framework designed to accelerate quantum development. Its flagship product, MIMIQ, forms the first layer of the QLU and offers a cutting-edge platform that executes quantum algorithms with unmatched speed, accuracy, and flexibility — surpassing existing simulators and current quantum computers. For more information, please visit https://qperfect.io.

About BTQ
BTQ Technologies Corp. (Nasdaq: BTQ | Cboe CA: BTQ | FSE: NG3 ) is a vertically integrated quantum company accelerating the transition from classical networks to the quantum internet. Backed by a broad patent portfolio, BTQ pioneered the industry's first commercially significant quantum advantage and now delivers a full-stack, neutral-atom quantum computing platform with end-to-end hardware, middleware, and post-quantum security solutions for finance, telecommunications, logistics, life sciences, and defense.

Connect with BTQ: Website | LinkedIn | X/Twitter

ON BEHALF OF THE BOARD OF DIRECTORS
Olivier Roussy Newton
CEO, Chairman

Neither Cboe Canada nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information 

Certain statements herein contain forward-looking statements and forward-looking information (collectively, "forward-looking information") within the meaning of applicable securities laws. Such forward-looking information includes but is not limited to: the proposed acquisition of QPerfect and the expected timing thereof; the satisfaction of closing conditions for the acquisition of QPerfect; the benefits and outcomes of the investment in and acquisition of QPerfect; and statements or information with respect to the business plans of the Company and QPerfect, including with respect to their respective research partnerships. Forward-looking information often can be identified by the use of words such as "anticipate", "intend", "expect", "plan" or "may" and the variations of these words are intended to identify forward-looking information.

The Company has made numerous assumptions including among other things assumptions about: the benefits of the investment in and acquisition of QPerfect; the ability to close the acquisition of QPerfect and obtain regulatory and stock exchange approval thereof; the anticipated costs and expenditures for the investment in and acquisition of QPerfect; the ability for QPerfect to accomplish certain milestones in connection with the acquisition, and the timing thereof; no material changes in tax laws in Canada, France or the European Union; with the Acquisition, BTQ becomes Europe's leading software driven developer of neutral atom architectures; general business and economic conditions; the development of post-quantum algorithms and quantum vulnerabilities; and the quantum computing industry generally. The foregoing list of assumptions is not exhaustive.

Although management of the Company believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that forward-looking information herein will prove to be accurate. Forward-looking information is based on assumptions and involves known and unknown risks which may cause actual results to be materially different from any future results, expressed or implied, by such forward-looking information. These factors include risks relating to: the acquisition of QPerfect may not close on the terms set forth herein, or at all; risks relating to the receipt of all requisite approvals and satisfaction of conditions for the acquisition of QPerfect, including foreign direct investment (FDI) approval by French authorities on satisfactory terms, approval of the stock exchange and other necessary approvals; risks associated with the business of QPerfect given its limited operating history; the ability to realize synergies by vertically integrating the Company and QPerfect following the completion of the acquisition; the availability of financing for the Company; business and economic conditions in the post-quantum and encryption computing industries generally; the speculative nature of the Company's and QPerfect's research and development programs; the supply and demand for labour and technological post-quantum and encryption technology; unanticipated events related to regulatory and licensing matters and environmental matters; changes in general economic conditions or conditions in the financial markets; changes in laws (including regulations respecting blockchains and quantum technology); the ability to obtain financing as required, and causing potential delays to research and development activities; and other risk factors as detailed from time to time. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

SOURCE BTQ Technologies Corp.

November 11, 2025 7:30 AM EST | Source: Kenorland Minerals Ltd.
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce the commencement of drilling at the O'Sullivan Project (the "Project"), located in the Abitibi greenstone belt of Quebec and held under an option agreement with Sumitomo Metal Mining Canada Ltd. ("Sumitomo").

2025 Fall Exploration Program

A total budget of $1.72 million has been approved by Sumitomo for the fall 2025 exploration program. The program will comprise up to 2,925 metres of diamond drilling, representing the first test of a target area defined through five years of systematic exploration. Drilling will focus on a series of interpreted structures and coincident geophysical anomalies within a folded sequence of mafic volcanic and mafic-ultramafic intrusive rocks. Kenorland is operator of the Project, with drilling activities expected to conclude by early December.

Figure 1. Plan map of planned drill hole locations with geology and gold-in-till geochemistry

Target Area

During the 2025 exploration campaign, the Company completed infill till sampling and an induced polarisation ("IP") survey across the target area. This work followed earlier geochemical surveys carried out in 2020 and 2021, a property-wide airborne versatile time-domain electromagnetic survey, and detailed mapping completed in 2023. The underlying geology consists of broadly folded, mafic-dominant volcanic rocks with minor interbedded rhyolite, intruded by early mafic-ultramafic sills that have developed penetrative fabrics and are locally cross-cut by east-northeast-trending shear zones. The folded stratigraphy lies immediately west of an interpreted early syn-volcanic granodiorite pluton. The fall 2025 drill program is designed to test several strong, discrete chargeability and conductivity anomalies identified by the recent IP survey that coincide with interpreted structures and lithological contacts. Drilling will cross multiple lithological settings within a structural corridor highlighted by gold-in-till anomalism, prospective for orogenic gold mineralisation.

Figure 2. Regional geology with significant gold and VMS deposits and O'Sullivan Project location

About O'Sullivan Project

The O'Sullivan Project covers 27,587 hectares of mineral tenure within the Abitibi greenstone belt along the Casa Berardi Deformation Zone ("CBDZ"). The CBDZ is one of the primary structures that controls orogenic gold mineralisation in the belt and hosts the active Casa Berardi mine that has produced over 2.0 million ounces of gold since 1988, with recent proven and probable reserves of 1.27 million ounces*. Other major deposits along the CBDZ include the Douay gold deposit (2.52 million oz Au inferred and 511,000 oz Au indicated)** as well as the Nelligan gold deposit, having a 5.16 million oz Au inferred and 3.12 million oz gold indicated resource***. The O'Sullivan Project covers approximately 15 kilometres of strike length along the southern margin of the CBDZ where the deformation zone intersects volcanic rocks of the Stoughton-Roquemaure and Kidd-Munro assemblages.

The Project is located approximately 50 kilometres east of the city of Lebel-sur-Quévillon and 150 kilometres northeast of Val-d'Or, Quebec. Local infrastructure includes a power transmission line transecting the property, a railway line approximately 5 kilometres to the north of the Project, and an extensive network of logging roads throughout the property.

The Project is currently under an option agreement with Sumitomo (the "Option Agreement"), whereby Sumitomo can earn an initial 51% interest in the Project by incurring an aggregate of $4,900,000 in mineral exploration expenditures on or before the third anniversary of the Option Agreement (of which $1,200,000 are guaranteed expenditures within the first three years). Kenorland will act as operator of the Project in return for a management fee equal to 15% of the total expenditures during the first earn-in period.

Following the earning of a 51% interest, Sumitomo has the option to earn an additional 19% (for a total of 70% interest), by delivering a NI 43-101 compliant feasibility study on the Project disclosing mineral resources in the measured and indicated categories of not less than 1,500,000 ounces of gold (or AuEq) within an additional seven years. Once Sumitomo has earned a 70% interest, Kenorland will have the option to forego a minority joint venture interest and immediately vest a net smelter returns royalty interest of 4% on the Project. In the event of joint venture participation, any party which dilutes to below a 10% interest will exchange its joint venture interest for a net smelter returns royalty of 3% (subject to a 1% buyback for $1,000,000).

*Technical Report Summary on the Casa Berardi Mine, Northwestern Québec, Canada. Prepared for Hecla Mining Company, effective date December 31, 2023.
**Technical Report on the Douay and Joutel Projects Northwestern Québec, Canada. Prepared for Maple Gold Mines Ltd., effective date March 17, 2022.
***NI-43-101 Technical Report, Nelligan Gold Project, Québec. Prepared for IAMGOLD Corporation, effective date December 31, 2024.
The mineral resources and reserves discussed for properties along the CBDZ are not located on the O'Sullivan Project. The Company has not verified this information and it is not being treated as current mineral resources or reserves of the Company. The information is provided for geological context only.

Qualified Person

Cédric Mayer, M.Sc., P.Geo. (OGQ #02385), Senior Project Geologist at Kenorland, "Qualified Person" under National Instrument 43-101, has reviewed and approved the scientific and technical information in this press release.

About Kenorland Minerals

Kenorland Minerals Ltd. (TSXV: KLD) is a well-financed mineral exploration company focused on project generation and early-stage exploration in North America. Kenorland's exploration strategy is to advance greenfields projects through systematic, property-wide, phased exploration surveys financed primarily through exploration partnerships including option to joint venture agreements. Kenorland holds a 4% net smelter return royalty on the Frotet Project in Quebec which is owned by Sumitomo Metal Mining Canada Ltd. The Frotet Project hosts the Regnault gold system, a greenfields discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020. Kenorland is based in Vancouver, British Columbia, Canada.

Further information can be found on the Company's website www.kenorlandminerals.com

On behalf of the Board of Directors,

Zach Flood
President, CEO & Director

Cautionary Statement Regarding Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (together, "forward-looking statements") within the meaning of applicable securities laws. All statements, other than statements of historical facts, are forward-looking statements. Generally, forward-looking statements can be identified by the use of terminology such as "plans", "expects", "estimates", "intends", "anticipates", "believes" or variations of such words, or statements that certain actions, events or results "may", "could", "would", "might", "will be taken", "occur" or "be achieved". Forward-looking statements involve risks, uncertainties and other factors disclosed under the heading "Risk Factors" and elsewhere in the Company's filings with Canadian securities regulators, that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Although the Company believes that the assumptions and factors used in preparing these forward-looking statements are reasonable based upon the information currently available to management as of the date hereof, actual results and developments may differ materially from those contemplated by these statements. Readers are therefore cautioned not to place undue reliance on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed times frames or at all. Except where required by applicable law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273910

November 11, 2025 7:30 AM EST | Source: VEXT Science, Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 11, 2025) - Vext Science, Inc. (CSE: VEXT) (OTCQX: VEXTF) ("Vext" or the "Company"), a U.S.-based cannabis operator with vertical operations in Arizona and Ohio, today announced that it plans to release its financial results for the third quarter ended September 30, 2025, before market open on November 20, 2025.

The Company will host a conference call and webcast on the same day, Thursday, November 20, 2025, at 08:00 a.m. ET to discuss the financial results.

CONFERENCE CALL DETAILS

Date: November 20, 2025 | Time: 8:00 am E.T.

Participant Dial-in: +1-647-849-3159 or 1-833-752-3966

Replay Dial-in: +1-412-317-0088 or 1-855-669-9658

Conference ID: 10204616

Playback #: 4318941 (Expires on December 4, 2025)

Listen to webcast: https://www.gowebcasting.com/14537

A replay of the conference call and webcast will be available on Vext's investor website following the conclusion of the call. For more details, contact the IR team at [email protected].

About Vext Science, Inc.

Vext Science, Inc. is a U.S.-based cannabis operator with vertical operations in Arizona and Ohio. Vext's expertise spans from cultivation through to retail operations in its key markets. Based out of Arizona, Vext owns and operates state-of-the-art cultivation facilities, fully built-out manufacturing facilities as well as dispensaries in both Arizona and Ohio. The Company manufactures Vapen™, one of the leading THC concentrates, edibles, and distillate cartridge brands in Arizona. Its selection of award-winning products are created with Vext's in-house, high-quality flower and distributed across Arizona and Ohio. Vext's leadership team brings a proven track record of building and operating profitable multi-state operations. The Company's primary focus is to continue growing in its core states of Arizona and Ohio, bringing together cutting-edge science, manufacturing, and marketing to provide a reliable and valuable customer experience while generating shareholder value.

Vext Science, Inc. is listed on the Canadian Securities Exchange under the symbol VEXT and trades on the OTCQX market under the symbol VEXTF. Learn more at www.vextscience.com and connect with Vext on Twitter/X and LinkedIn.

For more details on the Vapen brand:
Vapen website: VapenBrands.com
Instagram: @vapen
Facebook: @vapenbrands

Forward-Looking Statements

Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning the specific factors disclosed here and elsewhere in Vext's periodic filings with Canadian securities regulators. When used in this news release, words such as "will, could, plan, estimate, expect, intend, may, potential, believe, should," and similar expressions, are forward-looking statements.

Forward-looking statements may include, without limitation, statements regarding the expected filing date of the financial results, future developments and the business and operations of the Vext, all of which are subject to the risk factors contained in Vext's continuous disclosure filed on SEDAR+ at www.sedarplus.ca.

Although Vext has attempted to identify important factors that could cause actual results, performance or achievements to differ materially from those contained in the forward-looking statements, there can be other factors that cause results, performance or achievements not to be as anticipated, estimated or intended, including, but not limited to: dependence on obtaining regulatory approvals; being engaged in activities currently considered illegal under U.S. Federal laws; change in laws; reliance on management; requirements for additional financing; competition; hindered market growth and state adoption due to inconsistent public opinion and perception of the medical-use and adult-use marijuana industry and; regulatory or political change.

There can be no assurance that such information will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. Because of these risks and uncertainties, the results or events predicted in these forward-looking statements may differ materially from actual results or events.

Accordingly, readers should not place undue reliance on forward-looking statements. The forward-looking statements in this news release are made as of the date of this release. Vext disclaims any intention or obligation to update or revise such information, except as required by applicable law, and Vext does not assume any liability for disclosure relating to any other company mentioned herein.

The Canadian Securities Exchange has not reviewed, approved or disapproved the content of this news release.

SOURCE: Vext Science, Inc

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273883