Market Signal Briefing

Q3: 2025-11-10 Earnings SummaryEPS of $0.26 misses by $0.03

 |

Revenue of

$17.69M

(-22.58% Y/Y)

misses by $743.40K

WhiteHorse Finance (WHF) Q3 2025 Earnings Call November 10, 2025 2:00 PM EST

Company Participants

Stuart Aronson - CEO & Director
Joyson Thomas - CFO & Principal Accounting Officer

Conference Call Participants

Robert Brinberg - Rose & Co. Capital Advisors, LLC
Melissa Wedel - JPMorgan Chase & Co, Research Division
Robert Dodd - Raymond James & Associates, Inc., Research Division
Christopher Nolan - Ladenburg Thalmann & Co. Inc., Research Division

Presentation

Operator

Good afternoon. My name is Chloe and I will be your conference operator today. At this time, I would like to welcome everyone to the WhiteHorse Finance Third Quarter 2024 Earnings Conference Call.

Our hosts for today's call are Stuart Aronson, Chief Executive Officer; and Joyson Thomas, Chief Financial Officer. Today's call is being recorded and will be made available for replay beginning at 4:00 p.m. Eastern Time. The replay dial-in number is (402) 220-2572, no passcode required. [Operator Instructions] It is now my pleasure to turn the floor over to Robert Brinberg of Rose & Company. Please go ahead.

Robert Brinberg
Rose & Co. Capital Advisors, LLC

Thank you, Chloe and thank you, everyone, for joining us today to discuss WhiteHorse Finance's Third Quarter 2025 Earnings Results.

Before we begin, I'd like to remind everyone that certain statements, which are not based on historical facts made during this call, including any statements relating to financial guidance, may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Because these forward-looking statements involve known and unknown risks and uncertainties, these are important factors that could cause actual results to differ materially from those expressed or implied by these forward-looking statements. WhiteHorse Finance assumes no obligation or responsibility to update any forward-looking statements. Today's speakers may refer to material from the WhiteHorse Finance Third Quarter 2025 earnings presentation, which was posted on our website

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Assertio Holdings, Inc. (ASRT) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST

Company Participants

Mark L. Reisenauer - CEO & Director
Paul Schwichtenberg - Executive VP & Chief Transformation Officer
Ajay Patel - Executive VP & CFO

Conference Call Participants

Daniel Santos
Thomas Flaten - Lake Street Capital Markets, LLC, Research Division
Nazibur Rahman - Maxim Group LLC, Research Division
Raghuram Selvaraju - H.C. Wainwright & Co, LLC, Research Division

Presentation

Operator

Ladies and gentlemen, thank you for standing by. My name is Abby, and I'll be your conference operator today. At this time, I would like to welcome everyone to the Assertio Holdings Third Quarter 2025 Results Conference Call. [Operator Instructions]. And I would now like to turn the conference over to Daniel Santos with Longacre Square Partners. You may begin.

Daniel Santos

Thank you. Good afternoon, and thank you all for joining us today to discuss Assertio's Third Quarter 2025 Financial Results and Business Update. The news release covering our results for this period is now available on the Investor page of our website at investor.assertiotx.com. I would encourage you to review the release and tables in conjunction with today's discussion.

Please note that during this call, management will make projections and other forward-looking statements regarding our future performance. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including those noted in this afternoon's press release as well as the Assertio's filings with the SEC. These and other risks are more fully described in the Risk Factors section and other sections of our annual report on Form 10-K and in our Form 10-Q filings.

Our actual results may differ materially from those projected in the forward-looking statements. Assertio specifically disclaims any intent or obligation to update these forward-looking statements, except as required by law.

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Logistics revenue grew 3.3% year-over-year to $63.0 million, supported by continued US volume growthTrucking and Logistics delivered positive operating income for a second straight quarterOperating cash flow increased to $9.5 million, compared to $7.0 million in Q3 2024Continued to de-leverage the balance sheet, retiring $8.9 million of debt while growing cash balance to $20.7 million at quarter-end BOLTON, Ontario, Nov. 10, 2025 (GLOBE NEWSWIRE) -- Titanium Transportation Group Inc. (“Titanium” or the “Company”) (TSX:TTNM, OTCQX:TTNMF), a leading provider of transportation and logistics services throughout North America, is pleased to report its financial results for the three and nine-month period ended September 30, 2025. All amounts are in Canadian currency.

Q3 2025 Financial and Business Highlights Compared with Q3 2024

Consolidated revenue of $115.7 million, compared to $118.4 million in Q3 2024Consolidated EBITDA1 of $8.9 million, compared to $10.3 million in Q3 2024, with consolidated EBITDA Margin1 of 8.7%Cash flow from operating activities increased to $9.5 million, compared to $7.0 million in Q3 2024Truck Transportation segment revenue of $53.8 million, compared to $58.1 million in Q3 2024Logistics segment revenue of $63.0 million, up 3.3% compared to $61.0 million in Q3 2024Fully diluted adjusted net income per share from continuing operations of $0.01, compared to ($0.01) in Q3 2024Cash on hand reached $20.7 million at September 30, 2025Repaid $8.9 million in debt “Despite a challenging economic and freight market backdrop, our third-quarter performance underscores the momentum building across the business,” said Ted Daniel, Chief Executive Officer of Titanium Transportation Group. “Both segments delivered positive operating income for a second consecutive quarter, supported by disciplined pricing, targeted asset rationalization, and strengthened execution. Logistics revenue grew 3.3% year-over-year to $63.0 million, while Truck Transportation continued to improve sequential profitability, reflecting the benefits of our more focused and sustainable operating model.”

“Balance sheet strength remains a top priority. We generated $9.5 million in operating cash flow during the quarter, increased cash on hand to $20.7 million, and reduced debt by a further $8.9 million, during the quarter. These actions enhance our financial flexibility as we navigate market volatility while staying positioned for long-term opportunities. As we move through the remainder of the year, our focus will continue to be on margin protection, operational discipline, and driving efficiency across our network,” added Mr. Daniel.

Q3 YTD 2025 Financial Highlights Compared with Q3 YTD 2024

Consolidated revenue of $356.2 million, up 2.8% compared to $346.4 million in Q3 2024.EBITDA1 of $27.7 million, compared to $30.2 million in Q3 2024, and EBITDA Margin1 of 8.7%Logistics segment revenue of $194.7 million, up 12.3% compared to $173.4 million. EBITDA1 of $8.8 million and EBITDA Margin1 of 5.1%.Truck Transportation segment revenue of $164.3 million. EBITDA1 of $21.9 million with an EBITDA Margin1 of 15.0%.Net income per share of ($0.04) on a fully diluted basis, compared with ($0.07) at Q3 2024. Summary of Q3 2025 Financial Results (in thousands $CAD)

 Q3 2025 Q3 2024 % Change  YTD 2025 YTD 2024 % Change Consolidated Results Revenue115,721  118,399  (2.3%)  356,248  346,405  2.8% EBITDA18,906  10,292  (13.5%)  27,666  30,195  (8.4%) EBITDA margin18.7% 9.8%    8.7% 9.9%   Net Income560  (1,500) 137.3%  (1,809) (3,147) 42.5% Net Income per share0.01  (0.03)    (0.04) (0.07)   Truck Transportation             Revenue53,847  58,103  (7.3%)  164,338  174,905  (6.0%) EBITDA17,725  7,859  (1.7%)  21,933  23,534  (6.8%) EBITDA margin116.1% 15.5%    15.0% 15.6%   Logistics             Revenue62,953  60,963  3.3%  194,673  173,353  12.3% EBITDA12,303  3,560  (35.3%)  8,800  9,765  (9.9%) EBITDA margin14.2% 6.5%    5.1% 6.3%                      EBITDA and Operating Income to Net Income (in thousands $CAD)

 Q3 2025 Q3 2024  YTD 2025 YTD 2024 Net income (loss)560  (1,500)  (1,809) (3,147) Add (deduct)             Loss (gain) on sale of property and equipment(724) 324   2,846  (2,568) Finance costs2,456  2,858   7,738  9,760  Finance income(81) (65)  (264) (264) Foreign exchange loss (gain)118  (736)  (712) 1,043  Income tax recovery(105) (286)  (458) (2,213) Loss from discontinued operations0  1,093   0  1,053  Operating Income2,224  1,688   7,341  3,664  Depreciation6,682  8,145   20,325  25,157  Amortization of customer lists0  459   0  1,374  EBITDA8,906  10,292   27,666  30,195                 EBITDA margin (in thousands $CAD)

EBITDA margin is calculated as EBITDA as a percentage of revenue before fuel surcharge. Management relies on this measurement as an indicator of our ability to generating operating cash flow from core operating activities as a percentage of revenue, net of fuel related line items.

 Q3 2025 Q3 2024  YTD 2025 YTD 2024 EBITDA8,906  10,292   27,666  30,195  Revenue102,267  105,038   316,825  305,343  EBITDA margin8.7% 9.8%  8.7% 9.9%                Operating margin (in thousands $CAD)

Operating margin is calculated as operating income as a percentage of revenue before fuel surcharge. Management relies on this measurement since it's an indicator of our efficiency to generate a return from our core operating activities.

 Q3 2025  Q3 2024   YTD 2025  YTD 2024  Operating income2,224  1,688   7,341  3,664  Revenue102,267  105,038   316,825  305,343  Operating margin2.2% 1.6%  2.3% 1.2%                2025 Outlook

Ted Daniel, Chief Executive Officer, Titanium Transportation Group, commented, “Freight markets remain challenging and while we continue to expect a gradual and uneven recovery, we remain focused on what we can control.”

“Our priorities remain unchanged: protect margins, maintain balance sheet strength, and execute with discipline across our network. The benefits of our refined operating model, supported by disciplined pricing, targeted asset rationalization, and continued investment in technology are becoming increasingly evident. We will continue to reduce debt and selectively invest in high-return opportunities that enhance our competitive position. As market conditions evolve, we believe Titanium is well positioned to emerge even stronger, with a more efficient cost structure and a solid foundation for sustainable growth and long-term value creation,” added Mr. Daniel.

2025 Guidance

Amid ongoing macroeconomic uncertainty, freight market volatility, and unpredictable tariff backdrop, Titanium Transportation estimates Revenue of $112 million to $117 million, and EBITDA % of 8.5% - 9.5% for the next quarter. The Company remains confident in the fundamentals of the business and is focused on operational execution, margin preservation and cash generation.

Conference Call

The Company will also hold a conference call for analysts and investors with Ted Daniel, President and Chief Executive Officer, Tuesday, November 11, 2025 at 8:00 a.m. Eastern Time, to discuss its results.

Details of the conference call:

Date: Tuesday, November 11, 2025
Time: 8:00 a.m. ET
North America dial-in number: 1-800-717-1738
International dial-in number: 1-289-514-5100

A replay of the conference call can be accessed until midnight on November 24, 2025.

Details of the replay:

North America dial-in number: 1-888-660-6264
International dial-in number: 1-289-819-1325
Conference ID: 36001
Passcode: 36001#

For more details, or visit Titanium’s investor relations website at https://www.ttgi.com/investors

About Titanium

Titanium is a leading North American transportation company with asset-based trucking operations and logistics brokerages servicing Canada and the United States, with approximately 850 power units, 3,000 trailers and 1,300 employees and independent owner operators. Titanium provides truckload, dedicated, and cross-border trucking services, logistics, and warehousing and distribution to over 1,000 customers. Titanium has established both asset-based and brokerage operations in Canada and the U.S. with eighteen (18) locations. Titanium is a recognized purchaser of asset-based trucking companies, having completed thirteen (13) transactions since 2011. Titanium ranked among top 500 companies in the inaugural Financial Times Americas’ Fastest Growing Companies in 2020. The Company was ranked by Canadian Business as one of Canada's Fastest Growing Companies for eleven (11) consecutive years. For four (4) consecutive years, Titanium has also been ranked one of Canada’s Top Growing Companies by the Globe and Mail’s Report on Business of Canada. Titanium is listed on the Toronto Stock Exchange under the symbol “TTNM" and “TTNMF” on the OTCQX.

NON-IFRS FINANCIAL MEASURES

The following financial measures do not have any standardized meaning under IFRS and may not be comparable to similar measures employed by other companies:

“Earnings before interest, income taxes, depreciation and amortization” (“EBITDA”) is calculated as net income before depreciation, amortization, asset impairments, gains or losses on the sale of equipment, finance income and costs, gains or losses on foreign exchange, income tax expense, transaction costs, accelerated customer list amortization and goodwill impairment.

“EBITDA margin” is calculated as EBITDA as a percentage of revenue before fuel surcharge.

“Operating income” is calculated as net income before asset impairments, gains or losses on the sale of equipment, finance income and costs, gains or losses on foreign exchange, income tax expense, transaction costs, accelerated customer list amortization and goodwill impairment.

“Operating margin” is calculated as operating income as a percentage of revenue before fuel surcharge.

“Free cash flow” is calculated as cash flow from operations plus proceeds from finance lease receivables and proceeds from disposition, less capital expenditures.

Management of the Company believes that these financial measures are useful for investors and other readers, when used in conjunction with other IFRS financial measures, as they are measurers used internally by management to evaluate performance. However, these financial measures are intended to provide additional information and should not be considered in isolation or as a substitute for measures of financial performance prepared in accordance with IFRS.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Certain statements contained in this press release constitute forward-looking information within the meaning of Canadian securities laws. Forward-looking statements are provided for the purposes of assisting the reader in understanding Titanium's current expectations and plans relating to the future and readers are cautioned that such statements may not be appropriate for other purposes. Forward-looking information may relate to Titanium's future outlook and anticipated events, and may include statements regarding the financial position, business strategy, budgets, litigation, projected costs, capital expenditures, financial results, taxes and plans and objectives of or involving Titanium. Particularly, statements regarding future acquisitions, the availability of credit, performance, achievements, prospects or opportunities for Titanium or the industry in which it operates are forward-looking statements. In some cases, forward-looking information can be identified by terms such as “may”, “might”, “will”, “could”, “should”, “would”, “occur”, “expect”, “plan”, “anticipate”, “believe”, “intend”, “seek”, “aim”, “estimate”, “target”, “project”, “predict”, “forecast”, “potential”, “continue”, “likely”, "schedule", or the negative thereof or other similar expressions concerning matters that are not historical facts.

Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including management's perceptions of historical trends, current conditions and expected future developments, as well as other considerations that are believed to be appropriate in the circumstances. While management considers these assumptions to be reasonable based on currently available information, they may prove to be incorrect.

The forward-looking statements made in this press release are dated, and relate only to events or information, as of the date of this press release. Except as specifically required by law, Titanium undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

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

Contact Information

Titanium Transportation Group Inc.
Ted Daniel, CPA, CA
Chief Executive Officer
(905) 266-3011
[email protected]
www.ttgi.com

For Investors
James Bowen
416-519-9442
[email protected]

1 Refer to "Non-IFRS Financial Measures”

Ed Meyercord, Extreme Networks CEO, joins 'Fast Money' to talk how Extreme Networks is carving out an identity in this market.

, /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) announced that its Board of Directors declared a dividend on its common stock of $0.30 per share. The dividend will be payable on December 10, 2025, to shareholders of record as of the close of business on November 25, 2025.

About Energizer Holdings, Inc.

Energizer Holdings, Inc. ("Energizer", NYSE: ENR), headquartered in St. Louis, Missouri, is one of the world's largest manufacturers and distributors of primary batteries, portable lights, and auto care appearance, performance, refrigerant, and fragrance products. Our portfolio of globally recognized brands includes Energizer®, Armor All®, Eveready®, Rayovac®, STP®, Varta®, A/C Pro®, Refresh Your Car!®, California Scents®, Driven®, Bahama & Co.®, LEXOL®, Eagle One®, Nu Finish®, Scratch Doctor®, and Tuff Stuff®. As a global branded consumer products company, Energizer's mission is to lead the charge to deliver value to our customers and consumers better than anyone else. Visit www.energizerholdings.com for more details.

SOURCE Energizer Holdings, Inc.

Chegg, Inc. (CHGG) Q3 2025 Earnings Call November 10, 2025 4:30 PM EST

Company Participants

Tracey Ford - Vice President of Investor Relations
Daniel Rosensweig - Executive Chairman & CEO
David Longo - CFO, Principal Financial & Accounting Officer and Treasurer

Conference Call Participants

Eric Sheridan - Goldman Sachs Group, Inc., Research Division
Devin Au - KeyBanc Capital Markets Inc., Research Division
Ryan MacDonald - Needham & Company, LLC, Research Division

Presentation

Operator

Ladies and gentlemen, greetings, and welcome to the Chegg, Inc. Third Quarter 2025 Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Tracey Ford, Vice President of Investor Relations. Thank you. Please go ahead.

Tracey Ford
Vice President of Investor Relations

Good afternoon. Thank you for joining Chegg's Third Quarter 2025 Conference Call. On today's call are Dan Rosensweig, President and CEO; and David Longo, Chief Financial Officer. A copy of our earnings press release, along with our investor presentation is available on our Investor Relations website, investor.chegg.com. A replay of this call will also be available on our website. We routinely post information on our website and intend to make important announcements on our media center website at chegg.com/mediacenter. We encourage you to make use of these resources.

Before we begin, I would like to point out that during the course of this call, we will make forward-looking statements regarding future events, including the future financial and operating performance of the company. These forward-looking statements are subject to material risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. We caution you to consider the important factors that could cause actual results to differ materially from those in the forward-looking statements.

In particular, we refer you to the cautionary

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November 10, 2025 6:33 PM EST | Source: Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In CarMax To Contact Him Directly To Discuss Their Options

If you suffered losses in CarMax between June 20, 2025 and September 24, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - November 10, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against CarMax, Inc. ("CarMax" or the "Company") (NYSE: KMX) and reminds investors of the January 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Defendants recklessly overstated CarMax's growth prospects when, in reality, its earlier growth in the 2026 fiscal year was a temporary benefit from customers buying cars due to speculation regarding tariffs; and (2) as a result, defendants statements about CarMax's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

On September 25, 2025, the Company released its second quarter fiscal 2026 financial results, disclosing that "[CarMax Auto Finance, or CAF] income decreased 11.2%" due to a $142.2 million provision for loan losses in the second quarter of fiscal 2026 compared to $112.6 million in the prior year's second quarter. Further, the Company stated that "[t]he provision for loan losses in the second quarter of 2026 included an increase of $71.3 million in our estimate of lifetime losses on existing loans, primarily due to worsening performance among the 2022 and 2023 vintages" and that "[t]he remaining $70.9 million reflected our estimate of lifetime losses on current quarter originations."

Following this news, the price of CarMax stock fell $11.45 per share, approximately 20%, to close at $45.60 per share on September 26, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding CarMax's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the CarMax class action, go to www.faruqilaw.com/KMX or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/273851

Ethereum's big weekend move is about more than just a positive sentiment shift -- it's driven by expectations the government shutdown could be over.

Ethereum (ETH 1.52%) is one of the megacap cryptocurrencies making big moves in today's session. As of 3:30 p.m. ET Monday, the world's second-largest digital asset is up 4% since Friday at 4 p.m. ET. That's a move inspiring investors to reconsider the bearish positions they may have put on amid a marketwide sell-off seen not only in the crypto market, but among other higher-risk asset classes as well.

Let's dive into three key reasons why Ethereum has rebounded so nicely of late.

1. Shutdown fears wind down, macro environment improving

Image source: Getty Images.

With a market capitalization of more than $430 billion at the time of writing, Ethereum is an asset class unto itself, with an investment thesis that can feed off big macro shifts in the political and broader macro environment. News that a bill that will reopen the government is being voted on in short order by the House and is expected to go to the president's desk for signing has investors scrambling to take bullish positions on risk assets that have been beaten down in recent days, in part due to concerns this shutdown could drag on much longer than expected.

Today's Change

(

-1.52

%) $

-54.52

Current Price

$

3534.81

2. Institutional capital inflows picking up
Last week's rout in spot Bitcoin and Ethereum ETFs saw more than $1 billion leave these exchange-traded fund vehicles. However, more recent data today points to solid capital inflows likely on the way, with Ethereum's total value locked (a measure of capital inflows) steadying over the past 24 hours.

If we do see a reversion of capital flows back into Ethereum ETFs (data to come later in the day), other factors tying into these trends such as liquidations data could point to material catalysts traders will jump on to drive further upside momentum in this top token.

3. Fusaka upgrade still on its way
Perhaps the most important catalyst investors are watching when it comes to Ethereum is the network's next (and long-awaited) Fusaka upgrade on Dec. 2. This upgrade will provide greater capacity on the Ethereum blockchain for data to be stored, stabilize and increase security in staking on the Ethereum network, and provide barriers for developers looking to leave the Ethereum network for other chains.

All told, these catalysts are culminating in a strong upward move. As of right now, this strength looks poised to continue, but I'll be keeping a close eye on Ethereum moving forward to see if that's the case.

Chris MacDonald has positions in Ethereum. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool has a disclosure policy.

It's not just government shutdown news driving XRP higher today -- other key catalysts are in the driver's seat.

As of 4 p.m. ET, XRP (XRP +8.01%) has surged higher than any other large-cap top-25 cryptocurrency by market capitalization. Over the past 24 hours, this leading open-source permission-less blockchain project is up 9.5%. That's a move that is undoubtedly going to entice many investors and traders to rethink their thesis around this token, and think about jumping on the momentum wagon with XRP once again.

As a leading blockchain used for cross-border transactions (thanks to its sub-five-second time to finality and fees that cost users a fraction of a penny to transact any sum), XRP has plenty of unique token-specific catalysts to point to as reasons for today's rise. However, let's dive into a couple of key factors that appear to be most meaningful for those looking to determine whether XRP is a buy right now or not.

Significant catalysts driving heavy buying

Image source: Getty Images.

Some of today's move in XRP has to do with a very stark sentiment shift among crypto investors overall, as news that we could see the longest government shutdown end sends positive shockwaves through most risk assets.

That's a massive catalyst in its own right and shouldn't be discounted. However, two other key catalysts stand out to me as the primary drivers of today's outsize move in XRP.

First is news that has spread like wildfire across social media that the Depository Trust & Clearing Corporation has officially listed a number of spot XRP exchange-traded funds (ETFs). This update suggests that institutional investors looking for an off-chain way to invest in XRP will soon be given the tools to do so. Indeed, many such investors require publicly traded vehicles to invest in assets they may want exposure to, but may be available in markets that are less liquid or actively traded. The addition of these ETFs is a big deal, and that's driving most of today's price action.

Today's Change

(

8.01

%) $

0.19

Current Price

$

2.52

That said, I also think comments from the CEO of Ripple Labs, XRP's parent company, during an interview discussing the future of this blockchain network are worth considering. Brad Garlinghouse noted at a recent conference, "The assets we have been buying have been on the traditional finance side, so we can bring crypto-enabled solutions to that traditional financial world." His view is that tokenization of real world assets, which have been dominated by traditional financial companies, could add tremendous value over time. Thus far, the market appears to be buying this thesis wholeheartedly.

Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends XRP. The Motley Fool has a disclosure policy.

On today's episode of CNBC Crypto World, cryptocurrencies rise after Democrats strike a deal with Republicans in the Senate to fund the government. Plus, Crypto World explains why the Trump Administration wants to allow crypto in mortgage applications.

In brief
TeraWulf's stock price was down in after hours trading Monday after rising during the day.
In a statement, the company's CEO highlighted its expanding partnership with Fluidstack and Google.
The company's revenues aligned with its preliminary report in late October.
Bitcoin miner and datacenter operator TeraWulf reported $50.6 million in revenue Monday, representing a 87% increase compared to the same period last year.

Easton, Maryland-based TeraWulf attributed the gain to Bitcoin's rising price, expanded mining capacity, and the start of high performance performance computing lease revenue.

“The third quarter into the fourth has been remarkably busy for TeraWulf,” Paul Prager, TeraWulf chief executive officer, said in a statement, highlighting the a growing partnership with Fluidstack and Google. "These transactions demonstrate the strength of our platform and the trust that world-class technology partners place in our ability to execute."

He added: “We are squarely focused on execution while advancing the next phase of growth for 2027 and beyond."

Terawulf, which trades on the Nasdaq under the WULF ticker, was down 2.5% in after-hours trading Monday. WULF closed at $14.30, a 3.8% gain for the day. Over the past month, the company’s share price has climbed 7.6%.

Preliminary guidance from Terawulf issued in late October said the company expected to report between $48 million and $52 million in revenue for Q3, representing an approximate 84% increase compared to the $27 million reported in the third quarter of 2024.

TeraWulf went public through a merger with IKONICS in December 2021. At the time, it was more of a straightforward Bitcoin mining play. By late 2024, the company had started positioning itself to building "high-performance AI compute infrastructure."

In August, Terawulf announced that it had struck a 10-year AI hosting deal with Fluidstack. The deal represents $3.7 billion in contract revenues, but could more than double to $8.7 billion through lease extensions.

As part of the deal, Google signed on to backstop $1.8 billion worth of the AI firm’s lease obligations. In return, the Silicon Valley giant received 41 million shares worth of TeraWulf common stock, representing approximately an 8% pro forma equity ownership stake.

"This is exactly the evolution we outlined: converting advantaged infrastructure positions into contracted megawatts with investment-grade counterparties and doing so at strategic scale," Prager said about the deal at the time.

The deal gives Google a corporate stake that’s second only to Prager himself, who controls 10.7% of shares. The firm’s other institutional investors include Stammtisch Investments, Bayshore Capital, and Revolve Capital. Vanguard Group and BlackRock hold large positions too, but as passive index fund managers. The firms hold positions in nearly every U.S. publicly traded company.

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Yes. $84.9 billion in new stablecoins have been added to Ethereum over the past 12 months.

Network demand has dropped to a rare point where gas costs are near-zero. Yet, capital is still stacking up in stablecoins and large holders aren’t backing off their exposure.

Is ETH about to break out in flying colors, or is the market looking elsewhere for momentum?

Ethereum’s Average Gas Price fell to around 0.067 Gwei. This is one of the lowest readings of the year.

There’s a slowdown in network usage, with demand well below the spikes seen in mid-October.

For traders, this is a near-perfect environment. Transactions are cheap, friction is minimal, and cost-sensitive flows like arbitrage and stablecoin transfers can scale efficiently.

Source: Etherescan.io

But for Ethereum itself, it’s a different picture. Lower fees also reduce Ethereum’s revenue, and if this continues, it could challenge the sustainability of ETH’s current economic model without more on-chain activity.

Here’s what’s interesting…
Over the past 12 months, $84.9 billion in new stablecoins have been added on Ethereum. This is more than all other blockchains combined, which saw a total of $48 billion.

Source: Artemis

The numbers make it obvious where most real liquidity still sits. Even with falling gas fees and subdued activity, Ethereum remains the dominant hub for stablecoin supply.

Whales are betting big on ETH
Adding to the mix, whales are turning increasingly bullish.

On-chain data showed that whale Machi expanded his 25x leveraged long to 5,600 ETH worth around $20 million, sitting on nearly $1 million in floating profit despite an overall negative portfolio.

Meanwhile, the “Anti-CZ Whale” flipped from shorting to holding 32,802 ETH ($119.6 million) with $15 million in unrealized gains. These moves indicate confidence among major players.

Source: TradingView

On the charts, ETH had rebounded above $3,600 at press time.

RSI recovered from oversold levels and the MACD showed a potential bullish crossover. This adds technical weight to the optimism for a possible breakout.

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Crypto analyst ChartNerd has reiterated his bullish outlook for XRP, telling holders to “get ready” as the token appears to have completed an important technical setup he first highlighted in October. 

In a post on X, the analyst pointed to XRP revisiting its 55-week exponential moving average (WEMA) around the $2.20 region, a move he predicted nearly a month earlier when the token was trading above $2.50.

Analyst Says Get Ready For XRP
On October 15, ChartNerd told followers on the social media platform X that XRP was likely to revisit its 55 WEMA in the $2.20 range before catapulting to new ATHs. In the weeks since, the token’s gradual pullback confirmed that forecast, touching the 55-week average at the start of November. 

The analyst has since resurfaced with a follow-up post captioned simply “$XRP: GET READY 🚀,” meaning that the consolidation phase may now be giving way to the breakout stage.

Source: Chart from ChartNerd on X
This level has been a reliable reference point for the altcoin’s cyclical momentum, and it has always acted as a foundation for sustained breakouts. The structure on the weekly chart has followed this in a similar bullish setup in November 2024, and the recent defense of this support area suggests renewed strength among medium- and long-term holders. Analysts like ChartNerd see the retest as the final step before a broader move toward price discovery.

What To Expect As November Progresses
From a structural standpoint, XRP’s chart is still maintaining its long-term bullish pattern, thanks to higher lows preserved across the weekly timeframe. The fact that the token has managed to hold above $2.20 strengthens the support around this level.

The remainder of November could be decisive for whether XRP transitions from correction to expansion. A sustained bounce above the 55 WEMA would confirm the beginning of the next upward leg envisioned in ChartNerd’s analysis. Such confirmation could attract new inflows, especially from traders tracking the indicator’s reliability.

In another technical analysis, CharNerd revealed that the $2.70 price level is the immediate resistance to break in order for the altcoin to start pushing back to ATHs. From there, the next technical target is around $3.00, with a continuation to $3.60 and $4.00 once the entire crypto market sentiment becomes bullish again.

However, the bullish outlook is contingent on holding above the 55 WEMA. Failure to do so will turn it into resistance, and the bullish setup would need to be reassessed. In that scenario, the token might re-enter a broader consolidation range through December before any attempt to break higher.

At the time of writing, XRP is trading at $2.48, up by 8.1% in the past 24 hours.

XRP trading at $2.50 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com

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TL;DR

BlackRock cautions investors, emphasizing patience and long-term strategies over leveraged trades.
Bitcoin and XRP show inflows, reflecting institutional interest after Mitchnick’s comments.
In-kind ETF conversions allowed $3 billion Bitcoin movement without triggering taxable sales.

Robert Mitchnick, the head of crypto assets at BlackRock, recently shared his firm’s perspective on cryptocurrency markets. His public interview attracted considerable attention and coincided with unusual trading activity for both Bitcoin and XRP. Analysts noted a change in investment flows for these crypto assets immediately after his remarks were broadcast.

During the discussion, Mitchnick outlined BlackRock’s current approach to crypto-based exchange-traded funds. He described the evolving position of major crypto currencies within professional investment portfolios.

Prob the closest you’ll get to an answer on why BlackRock isn’t going deeper into the coins. Also stresses patience w bitcoin, traders and leveraged bets are almost always gonna underperform the long term ppl, which is a universal truth. https://t.co/OL91lPnMtB

— Eric Balchunas (@EricBalchunas) November 10, 2025

He specifically mentioned a significant reversal of capital flow for Bitcoin spot ETFs. Mitchnick stated that early investments came predominantly from retail investors and high-net-worth individuals. Now, institutional clients and wealth management firms are steadily growing their share of holdings.

A Noticeable Market Reaction Follows Institutional Guidance
Shortly after his appearance at a financial conference in Dubai, reports of substantial “in-kind” conversions surfaced. Mitchnick confirmed that more than $3 billion worth of Bitcoin entered BlackRock’s platform through these specific ETF transactions. This method allows cryptocurrency holders to directly swap their coins for shares in the fund. It is a process that does not constitute a taxable sale on the open market.

The XRP market also displayed unexpected investment movements around this time. Mitchnick offered no direct opinion on XRP during his interview. However, his broader comments about institutional adoption timelines seemed to align with these market flows. Available data shows that large XRP holders have substantially reduced their selling activity.

Concurrently, Bitcoin’s price rose 1.1% over a twenty-four-hour window to $105,095. XRP recorded a 9.6% gain in the same period, reaching a price of $2.53. Many market participants are now employing a “buy the rumor, sell the news” strategy, anticipating a potential price correction after any major upward movement.

Uniswap founder Hayden Adams and key Uniswap Foundation leaders proposed a plan to burn UNI tokens and merge the organizations.

TLDR

Uniswap Labs and the Uniswap Foundation propose the UNIfication initiative to overhaul the ecosystem.
The proposal includes a UNI burn mechanism and activation of protocol fees.
Fees from Uniswap’s layer-2 network, Unichain, will contribute to the burn process.
New Protocol Fee Discount Auctions will allow traders to bid for fee discounts.
Uniswap v4 will evolve into an on-chain aggregator with new “hooks” to collect external fees.

Uniswap Labs and the Uniswap Foundation have introduced a new proposal to reshape the ecosystem. The proposal, called “UNIfication,” aims to align incentives and transform Uniswap into the default exchange for tokenized assets. It includes measures to activate protocol fees, burn UNI tokens, and consolidate the key teams under one unified growth strategy.

The UNIfication proposal includes a shift in how fees are handled within the Uniswap ecosystem. A portion of trading fees will be redirected to a UNI burn mechanism. Additionally, fees generated from Uniswap’s layer-2 network, Unichain, will also contribute to the burn process.

Uniswap also proposes Protocol Fee Discount Auctions (PFDA), which would allow traders to bid for fee discounts. This would internalize maximal extractable value (MEV) and help boost the burn process further. The introduction of new “hooks” would enable Uniswap v4 to aggregate fees from external liquidity sources.

The proposal also includes a retroactive burn of 100 million UNI from the treasury. This amount, Uniswap Labs claims, would match the amount that would have been burned if protocol fees had been active since launch.

Uniswap Removes Fees to Boost Product Volume
Uniswap Labs is shifting its focus toward protocol growth and away from monetizing its products. The company will no longer charge fees on the Uniswap interface, wallet, or API. The goal is to make these products more competitive by driving organic volume for the protocol.

With this move, Uniswap Labs aims to increase high-quality volume and integrations. All future monetization efforts will align with the interests of UNI holders. Uniswap Labs and the Uniswap Foundation will absorb all ecosystem teams into one unified structure.

The proposal also suggests creating an annual growth budget of 20 million UNI, starting in 2026. This budget would be distributed quarterly to support long-term protocol growth and development.

Governance and Team Restructuring
The governance of Uniswap will also undergo changes under the new proposal. Co-founders Hayden Adams, Devin Walsh, and Ken Ng will sit on a five-member board overseeing the new structure. The new governance model aims to streamline decision-making and increase collaboration between Uniswap Labs and the Foundation.

Uniswap Labs plans to integrate its teams into the Uniswap Foundation to create a more cohesive ecosystem. This restructuring aligns with their mission to position Uniswap as the leading exchange for tokenized assets. The proposed changes mark a pivotal moment in Uniswap’s ongoing evolution.

Perplexity AI Predicts has identified XRP, Solana and Zcash as potential beneficiaries of a year-end rebound, citing improved sentiment after a 25 bp Fed cut, recent Solana ETF approvals, and easing distribution. Targets include XRP at $10–$15 and ZEC toward $1,200.

Coinbase reenters token sales with a regulated platform offering transparent, compliant crypto fundraising and fair algorithmic allocation.Monad debuts as the first project, selling 7.5% of tokens to raise $187.5M at a $2.5B valuation using USDC for verified participants.Analysts warn that 47% of tokens held by founders and VCs could undermine fairness, decentralization, and governance.Coinbase is reentering the token sale market with a regulated platform to bring transparency to crypto fundraising. Its first project, Monad, will debut through an algorithm-driven public sale, signaling Coinbase’s return to the initial coin offering (ICO) space.

However, the project’s insider-heavy token distribution has raised concerns over fairness and decentralization, reigniting debate about equity in token launches.

Sponsored

Sponsored

Monad Leads Coinbase’s First ICO LaunchCoinbase is making a strategic return to the token sale market with the launch of a regulated platform designed to bring structure, transparency, and compliance back to crypto fundraising. 

According to reports, the exchange plans to host around one token sale per month, using an algorithm to allocate tokens fairly after a one-week purchase window. Only verified and compliant users will be eligible to participate, with all transactions conducted in USD Coin (USDC).

Genuine, long-term supporters deserve more.

Whales, insiders and flippers shouldn’t be the only winners from token launches.

We’re launching a token sales platform on Coinbase to give teams a new way to distribute their token to their community, and give the community early… https://t.co/OdBKQLeCeJ

— Brian Armstrong (@brian_armstrong) November 10, 2025
Monad, a Layer-1 blockchain focused on scalability, will be the first project to debut through this system. 

The sale will release 7.5% of the total supply, aiming to raise approximately $187.5 million at a valuation of $2.5 billion.

However, the details of Monad’s token distribution reveal a structure that raises important questions about equity and governance.

Sponsored

Sponsored

Why Monad’s Tokenomics Concerns AnalystsMonad’s upcoming token sale has drawn attention not just for its scale but also for its token distribution model, which many analysts consider highly concentrated. 

The founding team holds approximately 27% of the supply, while venture capital investors control an additional 20%. Only 7.5% is available to the public, leaving most tokens in the hands of insiders. Such a model has raised concerns over fairness and control.

Monad has one of the most predatory tokenomics.

– Team allocation is at industry highest 27%
– VCs get 20% which they got at much lower prices to retail
– Ecosystem Development is at 38.5%, which is similar to Plasma and you know how that ended pic.twitter.com/FTy2jPU0ea

— CoinMamba (@coinmamba) November 10, 2025
Additionally, approximately 38.5% of the supply is allocated for ecosystem development. Such allocations are meant to incentivize growth and fund partnerships. However, they can also dilute early retail investors, especially when governance power depends on token holdings.

Projects with similar tokenomics have often struggled to strike a balance between decentralization and insider control. Large reserves also tend to favor internal interests over community needs.

These factors position Monad’s sale at the center of a renewed post-ICO debate over fairness and transparency in fundraising. High insider allocations and discounted entry prices risk undermining the inclusive spirit that once defined token sales.

Coinbase’s involvement as a regulated intermediary adds a layer of credibility and oversight, but it cannot fully eliminate the structural imbalances within Monad’s supply design.

Disclaimer

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Solana's meteoric rise in the decentralized finance (DeFi) space has entered a new phase — and this time, it's not just about speed or low transaction fees. The real story now revolves around Solana's booming stablecoin market, which could prove to be the network's most powerful advantage yet.

TL;DR

Hedera Hashgraph has been integrated into Google BigQuery public datasets, allowing developers and enterprises to access the full transaction history.
The inclusion enables cross-chain analysis of transaction costs, speeds, tokenized assets, NFTs, smart contracts, and DeFi trends.
Google Cloud infrastructure keeps the data up-to-date and synchronized; all ETL scripts and deployment frameworks are open-source.

Hedera Hashgraph has been integrated into Google BigQuery public datasets, allowing developers, analysts, and enterprises to access the network’s complete transaction history and compare it with other blockchains in a scalable way without managing their own infrastructure.

The initiative was led by the Hedera Foundation, in collaboration with Ariane Labs and Hashgraph engineers, aiming to enhance transparency, accessibility, and enterprise adoption of blockchain technology.

Benefits of the Integration
Hedera’s inclusion in BigQuery provides advanced cross-chain analysis capabilities. Users can compare transaction costs and speeds between HBAR and other networks, track tokenized assets and NFTs, analyze smart contract execution, and study DeFi trends across different ecosystems. It also enables historical research on network growth, performance, and transaction volume, offering critical insights for developers and enterprises seeking to implement blockchain solutions at an institutional scale.

The integration was made possible through Google Cloud infrastructure, ensuring Hedera’s data remains current, synchronized with network upgrades, and ready for use in a wide range of applications—from Web3 development and DeFi analytics to ESG tracking and supply chain solutions. The foundation has published all ETL scripts and deployment frameworks as open-source, allowing the community to expand functionality and maintain the integration collaboratively and transparently.

Hedera Supports Open-Source Research and Development
With HBAR now available in BigQuery, users can perform large-scale cross-chain research and analysis, creating new pathways for innovation and digital strategy validation. The availability of open historical data greatly enhances analytical capabilities and facilitates institutional adoption, providing companies and developers with reliable information for strategic decision-making.

The public Hedera dataset will be updated periodically to reflect all network changes and schema improvements, ensuring the data remains relevant and accurate. Interested developers and analysts can access the dataset directly via BigQuery and contribute to its evolution through the open-source repository, strengthening collaboration between the community and the network.

This initiative not only expands BigQuery’s data ecosystem but also sets a standard for blockchain interoperability and comparative analysis, positioning Hedera as a key node in institutional research and adoption of decentralized technologies.

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Bitcoin news represents a significant turnaround in the market. CryptoQuant, a cryptocurrency analysis platform, reported that the balance of Bitcoin on exchanges has reached an all-time low. The drop also indicates supply tightening and the decline of available room for trading.

Analysts describe this as a clear signal of a possible supply shock. More investors are moving Bitcoin from exchanges to long-term wallets, reducing market liquidity and increasing scarcity.

Source: CryptoQuant
Bitcoin News Shows Demand Surge 
Julio Moreno, head researcher at CryptoQuant, noted a surge in weekend Bitcoin spot demand. It represents the first extended expansion since early October.

This spike reflects investor interest being renew, and demonstrates a growing confidence in Bitcoin’s trajectory despite recent price turbulence. High demand and tight supply indicate a market set for further price movement.

Source: CryptoQuant
The latest Bitcoin news also focuses on stablecoin activity. Analytical platform Lookonchain reported on another 1 billion USDT issued by Tether. To put this into context, with Circle together both issuers minted $11.75 billion of stablecoins over the last month.

The hike contributes new liquidity to the market, which is supportive of trading volumes. This is seen by analysts as a technical indicator of growing capital inflow into digital assets.

Whale Activity Rising as Institutions Re-Enter Market
Shayan noted that the Spot Order Size Data indicates a renewed interest for Ethereum from large investors. The Spot Average Order Size increased during Ethereum’s dip to $3.2K and this behaviour is indicative of whale activity. It has previously moved with new accumulation phases prior to potential rallies.

Large market participants are buying in the discounts, while retail traders are being cautious as per data. And such transitions have frequently signaled turning points or periods of buildup before broader upswings in earlier cycles. The excitement further contributes to the ongoing story of institutional re-entering the top digital assets.

Source: CryptoQuant
Ethereum now has structural support at important levels of $3K to 3.4K. With such a stable zone in place analysts feel that it may create a base on which a phase of low volatility may occur before possibly increasing movements. These circumstances normally result in accumulation phases and a new hope by traders.

Bitcoin news continues to highlight vital signs for market. The decline in exchange reserves, expansion of stablecoins and renewed institutional interest are all indicative of a changing environment.

The CryptoQuant data demonstrates that institutional and retail moves are influencing the current trend. Reduced exchange balances indicate increased holding sentiment, and growth in stablecoin offers fuel to trade. These factors create conditions where limited supply and new liquidity drive Bitcoin’s short-term moves.

Bitcoin started the week in the green as investors eye the outcome of the U.S. government shutdown vote, which has sparked renewed interest in risk assets. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $105,884.96 Ethereum (CRYPTO: ETH) $3,546.31 Solana (CRYPTO: SOL) $166.78 XRP (CRYPTO: XRP) $2.53 Dogecoin (CRYPTO: DOGE) $0.1793 Shiba Inu (CRYPTO: SHIB) $0.00001003 Notable Statistics: Coinglass data shows 133,588 traders were liquidated in the past 24 hours for $363.97 million.

The debate surrounding Bitcoin's current market phase has intensified as analysts point to a temporary disconnect between the cryptocurrency's price and global liquidity trends. While some fear that Bitcoin's recent pullback signals the start of a broader downtrend, others insist this is simply a reset — a healthy correction before another major leg upward.

Monad's MON token sale will open on Coinbase's new ICO platform from November 17 to 22.

The proposal, called “UNIfication,” would activate protocol fees, burn millions of UNI tokens and consolidate the project’s key teams under a single strategy. Nov 10, 2025, 8:54 p.m.

Uniswap Labs and Uniswap Foundation, two of the main firms that help steer the Uniswap protocol, are joining forces to propose a new sweeping governance proposal that would completely change the way the ecosystem works today.

The proposal, called “UNIfication,” aims to align incentives across the Uniswap ecosystem and position the protocol as the default exchange for tokenized assets. It would do this by activating protocol fees, burning millions of UNI tokens and consolidating the project’s key teams under a single growth strategy, according to a blog post dated November 11 but briefly published on November 10.

STORY CONTINUES BELOW

Under the proposal, which DAO members will vote on, the protocol would redirect a portion of trading fees to a UNI burn mechanism and fees from Uniswap’s layer-2 network, Unichain, would also flow into the burn.

Other features like Protocol Fee Discount Auctions (PFDA) would allow traders to bid for fee discounts, internalizing MEV (maximal extractable value) and further fueling the burn process, the team claims. In addition, Uniswap v4 would evolve into an onchain aggregator, collecting fees from external liquidity sources through new “hooks.”

Uniswap Labs also proposed a retroactive burn of 100 million UNI from the treasury, which the team claims would equal the amount that might have been burned if protocol fees had been active since launch.

The changes related to Uniswap’s tokenomics are not the only restructuring happening to the ecosystem. Uniswap Labs, which is the main developer firm that supports the Uniswap protocol, will absorb into the Uniswap Foundation’s ecosystem teams. Co-founders Hayden Adams, Devin Walsh and Ken Ng, along with Callil Capuozzo and Hart Lambur, will sit on a five-member board overseeing the new structure, the proposal said.

Uniswap Labs will also pivot away from monetizing its products, including the Uniswap interface, wallet and API, and instead focus exclusively on protocol growth. Fees on these products will be set to zero, with all future monetization tied directly to UNI holders’ interests.

“These products already drive significant organic volume for the protocol. Removing fees makes them even more competitive and brings in more high quality volume and integrations, leading to better outcomes for LPs and the entire Uniswap ecosystem,” the teams wrote in their press release.

Furthermore, the team proposes that Uniswap’s governance creates an annual growth budget of 20 million UNI, starting in 2026, distributed quarterly.

If passed, UNIfication would mark the most significant evolution of Uniswap’s governance and economics since its token launch in 2020.

Read more: Uniswap Labs Officially Launches Layer-2 ‘Unichain’

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

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Inside Zcash: Encrypted Money at Planetary Scale

Nov 3, 2025

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

What to know:

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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Monad Unveils Tokenomics Ahead of Nov. 24 MON Token Airdrop

4 hours ago

A public sale of the MON token will begin on Coinbase’s Token Sales platform on Nov. 17 for 7.5% of the initial supply.

What to know:

The Monad Foundation's airdrop and mainnet blockchain will go live on Nov. 24, marking a key milestone for a project that’s positioning itself as a high-performance, Ethereum-compatible network.A public sale of the MON token will begin on Coinbase’s Token Sales platform on Nov. 17, offering 7.5% of the initial supply at a price of $0.025 per token.In other distributions, 38.5% of the initial supply will be allocated toward ecosystem development, 27% to the Monad team, 19.7% to investors, 4% to the treasury and 3.3% to the airdrop. The team said that at mainnet launch, roughly 10.8 billion MON, about 10.8% of total supply, will be unlocked and in circulation, primarily through the public sale and airdrop distributions.Read full story