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BEIJING, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Yimutian Inc. (Nasdaq: YMT, hereinafter referred to as "Yimutian" or the “Company”), a leading agricultural digital service company in China, announced that it has reached a binding acquisition agreement with Ningbo Xunxi Technology Co., Ltd. (hereinafter referred to as “Xunxi Technology” or the “Target Company”). It plans to acquire 100% of Xunxi Technology’s equity through a combination of cash and stock, with the transaction consideration to be announced later. Upon the completion of this acquisition, it will help optimize the Company's strategic layout in B2C businesses, enhance its services such as channel development and digital supply chain management, and achieve the construction of an integrated industrial chain ecosystem from “B2B” to “B2B2C”.

The transaction is expected to be completed in the first quarter of 2026, subject to the satisfaction of customary closing conditions including regulatory approvals. After the closing of the acquisition, it is anticipated to have a significantly positive impact on the Company's revenue and earnings per share in the first full fiscal year after the Company’s IPO.

Founded in Ningbo, China, Xunxi Technology is a technology-driven comprehensive e-commerce operation service provider, co-founded by Qunhua Wan, a former senior executive of NetEase, and Lei Chen, a former senior executive of Alibaba and ex-president of Xianyu business. Meanwhile, Lei Chen, co-founder of Xunxi Technology, will join Yimutian Inc. as Vice President and General Manager of Retail Business. With over 20 years of operational experience in the e-commerce industry, Lei Chen joined Alibaba in 2001. He initiated the establishment of Juhuasuan, Taojinbi, and Taobao Live Streaming, and served as the first president of Xianyu. His industry insights and practical experience will provide crucial support for the rapid expansion of Yimutian’s B2C businesses.

As China’s largest digital service enterprise for agricultural product B2B transactions, Yimutian covers the entire industrial chain from agricultural production to bulk circulation, forming a sophisticated agricultural Industry internet service model. Xunxi Technology focuses on technology-driven channel e-commerce operations, providing core services such as corporate bulk purchasing, employee benefits, and marketing procurement for financial institutions as well as various enterprises and public institutions. It boasts distinct advantages in comprehensive supply chain resources, capabilities in developing various mall platforms, and expertise in integrated operation services and marketing planning.

Currently, Xunxi Technology has partnered with more than 1,300 brands and built a comprehensive supply chain, offering over 250,000 SKUs of products. It serves nearly 200 channel clients, including Bank of Ningbo, Hangzhou Customs, and Jiangnan University, covering high-value scenarios across multiple sectors such as finance, government services, and education, with a member base exceeding two million. Its strategic cooperation project with the Headquarters of Bank of Ningbo — the “Better Life Mall” tailored for the bank’s members — stands as a benchmark project in 2025. Within the first month of its launch, the mall recorded over 40,000 transactions with a total turnover exceeding US$1.4 million. The core corporate bulk purchasing business of the “Better Life B2B Welfare Mall” is expected to achieve a turnover of more than US$49 million in 2025.

Following the acquisition, Yimutian Inc. will deeply integrate Xunxi Technology’s core capabilities in full-category supply chain management, channel client development, and C-end consumer goods supply. This will enable the diversified expansion of its online business from a B2B platform to a “B2B2C” ecosystem, covering the entire chain from upstream agricultural cultivation and midstream circulation to downstream end consumption. The move will further diversify Yimutian’s revenue structure and consolidate its leading position in China’s agricultural digital economy sector.

Jinhong Deng, chief executive officer of Yimutian, commented that: “The integration of Xunxi Technology’s accumulated supply chain resources and channel advantages with Yimutian’s digital agricultural infrastructure will continuously create long-term value for shareholders. It will unlock more market opportunities in agricultural product distribution, corporate bulk purchasing, and digital marketing services, propelling Yimutian’s agricultural industrial internet towards a more efficient, comprehensive, and diversified development path.”

About Yimutian Inc.

Founded in 2011 and headquartered in Beijing, Yimutian Inc is a leading agricultural industrial internet enterprise in China, dedicated to driving the transformation and development of the agricultural industry through digital technology. Starting with the establishment of a digital B2B production and sales service platform for agricultural products, the Company has evolved into a comprehensive digital group covering the entire agricultural industrial chain, including cultivation, wholesale, and circulation. Its business portfolio includes the Yimutian APP digital platform, Dounniu Intelligent Consignment Service, Wozhongtian Digital Large-scale Cultivation Base, Wolai Cai Origin Sourcing Service, and regional industrial development services.

For more information about Yimutian, please visit: https://ir.ymt.com/.

Introduction to Xunxi Technology’s Management Team

Qunhua Wan

Founder of Xunxi Technology. He holds a bachelor's degree in Business Administration and an EMBA from Xiamen University. He joined NetEase in 2014 and served as Chairman of Hangzhou NetEase Impression Technology Co., Ltd., where he took full charge of Xiupin, an e-commerce platform. He built the team of over 300 professionals and integrated upstream and downstream supply chain resources spanning categories such as maternal and infant products, beauty and personal care, food and health products, home digital goods, and apparel and footwear, achieving an annual sales volume of over US$ 280 million. Since 2017, he has been serving as Chairman of Hangzhou Lanxi Information Technology Co., Ltd., where he developed the Premium Selection and Procurement System. He has established in-depth cooperative relationships with NetEase, Alipay, Bank of Ningbo, Industrial and Commercial Bank of China, China Construction Bank, and various city commercial banks, providing them with integrated services including technology, operation, and supply chain support.

Lei Chen

Co-founder of Xunxi Technology. He possesses outstanding strategic acumen and operational leadership, with extensive experience in China’s e-commerce and internet sectors. He joined Alibaba Group in 2001 and held positions in multiple business units including Alibaba B2B, Alibaba Software, and Taobao. He took the lead in launching products such as Juhuasuan and Taojinbi, and served as the founder and first person in charge of Taobao’s content segment and Taobao Live Streaming. He also previously served as President of Xianyu. After leaving Alibaba in 2020, he has continued his entrepreneurial journey in the e-commerce, live streaming, and supply chain fields.

For Investor Inquiries, Email: [email protected], Tel: +86 10 57086561

For Media Inquiries, Email: [email protected]

-

Hybrid Cloud ARR Run-Rate Growth

54% increase in total hybrid cloud ARR run-rate vs. Q3 2024

62% increase in on-premises ARR run-rate vs. Q3 2024

92% increase in cloud-native ARR run-rate vs. Q3 2024

AUSTIN, Texas--(BUSINESS WIRE)--FalconStor Software, Inc. (OTCMarkets.com: FALC), a trusted data protection leader modernizing data protection and intelligence for the hybrid cloud world, today announced financial results for its third quarter of 2025, which ended on September 30, 2025.

"Today, we have more than 900 active IBM Power customers across 27+ countries, protecting 3,700+ petabytes of vital data, and we continue to deepen alignment across the IBM ecosystem to expand that reach." Todd Brooks, CEO of FalconStor Software

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“Our strategic shift to subscription and consumption-based recurring revenue models continued in the third quarter, and we are now seeing meaningful ARR growth across all deployment models where IBM Power customers run their mission-critical workloads,” said Todd Brooks, CEO of FalconStor Software. “Total hybrid cloud ARR run-rate increased 54% year-over-year, on-premises ARR run-rate grew 62%, and cloud-native ARR run-rate increased 92%. This reinforces that modernization is not a single-direction journey. IBM Power customers are modernizing on-premises, moving to cloud where it makes sense, and increasingly operating in hybrid models. Our solutions are uniquely positioned to support this full spectrum.”

“Today, we have more than 900 active IBM Power customers across 27+ countries, protecting 3,700+ petabytes of vital data, and we continue to deepen alignment across the IBM ecosystem to expand that reach. While total revenue declined year-over-year due to timing and the expanding role of monthly consumption contracts, the underlying momentum in our recurring business continues to be encouraging, and we see increasingly clear visibility toward consistent total revenue growth as ARR becomes a larger portion of our revenue mix.”

Third Quarter 2025 Financial Results

Hybrid Cloud ARR Run-Rate: 54% increase trailing twelve months

Ending Cash: $1.9 million, compared to $2.8 million in the third quarter of fiscal year 2024

Total Revenue: $2.5 million, compared to $2.9 million in the third quarter of fiscal year 2024

Total Operating Expenses: $2.1 million, compared to $1.9 million in the third quarter of fiscal year 2024

Non-GAAP EBITDA: $0.1 million, compared to $0.7 million in the third quarter of fiscal year 2024

GAAP Net Income (Loss): $0.03 million, compared to $0.68 million in the third quarter of fiscal year 2024

“While year-over-year results reflect softer revenue performance, we continue to execute on our long-term strategy, investing in innovation and customer success,” said Vincent Sita, FalconStor CFO. “At the same time, we remain disciplined in managing expenses and improving operational efficiency to position the company for sustainable, profitable growth.”

Non-GAAP Financial Measures

The non-GAAP financial measures used in this press release are not prepared in accordance with generally accepted accounting principles and may be different from non-GAAP financial measures used by other companies. The Company’s management refers to these non-GAAP financial measures in making operating decisions because they provide meaningful supplemental information regarding the Company’s operating performance. In addition, these non-GAAP financial measures facilitate management’s internal comparisons to the Company’s historical operating results and comparisons to competitors’ operating results. We include these non-GAAP financial measures (which should be viewed as a supplement to, and not a substitute for, their comparable GAAP measures) in this press release because we believe they are useful to investors in allowing for greater transparency into the supplemental information used by management in its financial and operational decision-making. The non-GAAP financial measures exclude (i) depreciation, (ii) amortization, (iii) restructuring expenses, (iv) severance expenses, (v) board expenses, (vi) stock based compensation, (vii) non-operating expenses (income) including income taxes and interest & other expenses (income). For a reconciliation of our GAAP and non-GAAP financial results, please refer to our Reconciliation of Net Income (Loss) to Adjusted EBITDA presented in this release.

Please click this link for accompanying financial charts.

About FalconStor Software

FalconStor is the trusted data protection software leader modernizing disaster recovery and backup operations for the hybrid cloud world. The Company enables enterprise customers and managed service providers to secure, migrate, and protect their data while reducing data storage and long-term retention costs by up to 95%. More than 1,000 organizations and managed service providers worldwide standardize on FalconStor as the foundation for their cloud first data protection future. Our products are offered through and supported by a worldwide network of leading managed service providers, system integrators, resellers, and original equipment manufacturers.

FalconStor and FalconStor Software are trademarks or registered trademarks of FalconStor Software, Inc., in the U.S. and other countries. All other company and product names contained herein may be trademarks of their respective holders.

Links to websites or pages controlled by parties other than FalconStor are provided for the reader's convenience and information only. FalconStor does not incorporate into this release the information found at those links nor does FalconStor represent or warrant that any information found at those links is complete or accurate. Use of information obtained by following these links is at the reader's own risk.

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Prosus' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

LONDON, Nov 6 (Reuters) - Dutch technology investment group Prosus has expressed early-stage interest in potentially bidding for Mobile.de as the owners prepare to sell shares in the German online auto marketplace group, according to three people familiar with the matter.

While shareholders Permira and Blackstone are leaning towards an initial public offering of Mobile.de, Germany's largest auto marketplace is drawing interest from companies including Prosus, which could consider a bid through its classified unit OLX, the people said.

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The private equity funds hired JPMorgan and Goldman Sachs earlier this year to prepare Mobile.de for an IPO that could be valued as much as 10 billion euros ($11.66 billion) in a stock market debut set for next year, the people said.

No sale process has started and Prosus, which also owns European food delivery group Just Eat, is not currently in talks with the owners and may ultimately decide against making a bid, the sources said.

Mobile.de has also attracted interest from other private equity firms including EQT, two of the people added. Cinven and Apax have also shown interest, one of the people said.

The three sources, speaking on condition of anonymity as the matter was private, cautioned there is no certainty a deal will materialise.

Spokespeople for Prosus, EQT, Cinven, Apax, JPMorgan and Goldman Sachs declined to comment. Permira and Blackstone declined to comment. Adevinta, which owns Mobile.de, did not immediately respond to requests for comment.

Norway's Adevinta, Mobile.de's parent company, was acquired by Permira and Blackstone in 2023 for about 141 billion Norwegian crowns.

The owners have since been pursuing a breakup of the company, including a sale of its Spanish classifieds business to EQT and its Austrian unit Willhaben to investor Sprints and Styria Media Group.

Prosus is the investment arm of South African group Naspers. Earlier this month it bought French motors classified platform La Centrale for 1.1 billion euros as part of its entrance into the European used-car marketplace sector. The Financial Times previously reported EQT's interest in Mobile.de.

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Reporting by Amy-Jo Crowley and Andres Gonzalez in London, Editing by Louise Heavens

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Andres Gonzalez covers M&A for Reuters, based in London. With over 12 years of experience as a correspondent in Spain, he has reported on diverse sectors, including banking, TMT, energy, infrastructure and real estate. Andres has also reported on significant breaking news events, such as the Barcelona attacks and several general elections, showcasing his versatility and ability to handle critical and time-sensitive stories
Andres' journalism career began at Reuters in Spain, where he honed his expertise in financial reporting. Seeking new challenges, he ventured into the world of Public Relations, working for Banco Santander with a particular focus on Wealth Management and Investment Banking divisions. His experience in both journalism and PR has provided him with a well-rounded perspective on the financial industry.

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iRobot, the maker of Roomba, is on the verge of bankruptcy.

Justin Sullivan/Getty Images

2025-11-06T10:18:01Z

The future of the 35-year-old company behind the Roomba is uncertain.
iRobot has warned that it is running out of options and cash.
The company said it may be forced to fold or seek bankruptcy protection.

Roomba once reigned supreme in the world of robotic vacuums, conquering both dirty living room floors with its advanced tech and the marketplace it helped create.

But iRobot, the maker of the iconic self-cleaning disc-shaped vacuum, is now finding itself left in the dust as it teeters on the edge of bankruptcy. The Massachusetts-headquartered company, a pioneer in the robotics industry, has warned that it's running out of options — and cash.

iRobot has grappled with mounting financial strain in recent years, and the collapse of Amazon's planned $1.4 billion acquisition of the Roomba maker in early 2024 has only exacerbated the company's troubles.

After months of trying to find a new buyer, iRobot said in a regulatory filing last month that its last remaining potential acquirer pulled out "following a lengthy period of exclusive negotiations."

The possible iRobot buyer offered a price per share that was "significantly lower than the trading price" of its stock over recent months, the company said in the October 22 Securities and Exchange Commission filing.

The debt-burdened iRobot warned in the filing that if it can't find fresh funding soon, it "may be forced to significantly curtail or cease operations and would likely seek bankruptcy protection."

iRobot has sold more than 50 million Roomba models.

amazon

An iRobot spokesperson told Business Insider that, consistent with its policy, it does not comment "on matters of this nature beyond our public disclosures."

With the holiday season approaching, the spokesperson said the company remains "focused on executing our strategy and delivering for our valued customers, partners, and consumers."

iRobot first publicly warned investors that there was "substantial doubt" about its ability to continue "as a going concern" in a March earnings report.

That same month, the company rolled out a new fleet of Roomba vacuums and mops, which CEO Gary Cohen said was aimed at "better positioning iRobot as the leader in the category that we created."

"There can be no assurance that the new product launches will be successful due to potential factors, including, but not limited to consumer demand, competition, macroeconomic conditions, and tariff policies," the company said at the time.

iRobot's current financial position marks a stunning fall for a company that introduced the world to the Roomba vacuum more than two decades ago and has sold over 50 million models globally since.

Founded by MIT roboticistsBefore there was Optimus, Tesla's humanoid robot, there was iRobot.

iRobot was founded in 1990 by three roboticists from the Massachusetts Institute of Technology — Colin Angle, Helen Greiner, and Rodney Brooks — who had a "vision of making practical robots a reality," the company says on its website.

Before iRobot had its consumer breakthrough with the launch of the Roomba vacuum in 2002, the company focused on designing robots for space-related research and military use.

iRobot used to make robots for military use.

Scott Nelson/Getty Images

In 1998, iRobot won a contract from the Defense Advanced Research Projects Agency, known as DARPA, to build a tactical mobile robot. This led to the development of iRobot's PackBot, which was later used in search operations at Manhattan's Ground Zero following the 9/11 terrorist attacks.

iRobot boasts on its website that its robots have "revealed mysteries of the Great Pyramid of Giza, found harmful subsea oil in the Gulf of Mexico, and saved thousands of lives in areas of conflict and crisis around the globe."

When iRobot went public in November 2005 at an initial share price of $24, it was already known for its innovative robot vacuums.

By 2013, iRobot had sold over 10 million home cleaning robots, vastly outnumbering the more than 5,000 defense and security robots it had delivered to military and civil defense forces worldwide the year before.

An iRobot PackBot in action.

MediaNews Group/Boston Herald via Getty Images/MediaNews Group via Getty Images

The company sold its defense and security business to the private equity firm Arlington Capital Partners in 2016 for up to $45 million.

Over the past decade, iRobot's annual revenue peaked in 2021 at $1.56 billion, but sales have been falling ever since.

iRobot — which today slings models ranging in price from $269.99 to as high as $1,299.99 — may have set the standard for home robot vacuums, but competition has surged from Chinese rivals like Dreame, Roborock, and Ecovacs, and other brands like Shark and Samsung.

In an August SEC filing, iRobot acknowledged that it has, in recent years, "seen increased competition with new product offerings in the robotic floorcare segment and have conceded some market share."

The failed Amazon-iRobot dealAmazon agreed to buy iRobot in 2022 for $61 per share in an all-cash transaction, but the deal fell apart two years later with the companies saying there was "no path to regulatory approval in the European Union."

The failed deal was a major blow to iRobot. The same day the companies announced that the proposed merger was off, iRobot said it would lay off 350 employees, or about 31% of its workforce. Angle, iRobot's cofounder and longtime CEO, also stepped down as part of the restructuring.

As the cash-strapped iRobot awaited the completion of the Amazon deal that never came, it took out a $200 million loan from the private equity firm Carlyle Group in July 2023.

iRobot's future is on shaky ground.

MediaNews Group/Boston Herald via Getty Images/MediaNews Group via Getty Images

iRobot said in last month's regulatory filing that it had further extended its loan waiver period to December 1 as its financial outlook darkens.

"We are currently in discussions with the Lenders to provide the additional capital we require to fund our ongoing business operations," iRobot wrote, adding that it may be forced to file for bankruptcy protection if the lenders "do not provide this necessary funding and we are unable to find other sources of capital in the near term."

The iRobot spokesperson told Business Insider, "As disclosed in our Form 8-K filed with the SEC, we have reached an agreement with our primary lender to extend our covenant waiver under our loan agreement through December 1, 2025, in order to continue our active and ongoing review of strategic alternatives, including, but not limited to, exploring a potential sale or strategic transaction and refinancing our debt."

Meanwhile, iRobot's shares — priced at $2.70 as of Wednesday's market close — have plunged about 65% year-to-date.

Bankruptcy

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Key Takeaways
A big vote on Elon Musk's pay is set for today. Schwab Asset Management and the Florida State Board are among those backing the Tesla board's proposal, while Norway's sovereign wealth fund and the New York State Common Retirement Fund are against it.Prediction markets bettors across Polymarket, Kalshi, and Robinhood are showing near-certain probabilities that shareholders approve Musk's pay package.

The fate of Tesla—or, at least, the answer to the question of whether its chief Elon Musk stays or walks—could rest on today's shareholder vote.

A preliminary tally on this year's 14 proposals, which include giving Musk greater control over Tesla (TSLA) as well as a trillion-dollar pay package, is expected after a meeting set to start at 3 p.m. central time. A final count will likely come in a few days, filed to the Securities and Exchange Commission.

Though shareholders have voted with Tesla to approve a past compensation deal for Musk on more than one occasion, the days leading up to today's shareholder vote have been fraught with tension. The EV-company-with-robotics-and-AI-ambitions has made clear its position that it would be lost without Musk at the helm and that the incentives it recommends are necessary to retain him.

"We believe that Elon's singular vision is vital to navigating this critical inflection point," Robyn Denholm and Kethleen Wilson-Thompson, members of the special committee of Tesla's board of directors wrote in a letter to shareholders.

Counterpoint Global, an investment team within Morgan Stanley Investment Management, as well as the Florida State Board and Schwab Asset Management, have said they intend to cast their votes in favor of Musk's compensation package.

WHY THIS MATTERS TO YOU
Whether Tesla shareholders vote for, or against, Musk's compensation plan, the vote has revived a debate over key-person risk as well as corporate governance practices. High-profile investor groups holding big chunks of company stock have taken both sides of the issue this time around, though prediction markets bettors overwhelmingly expect Musk to get his way.

On the other side, major proxy advisory firms Glass Lewis and ISS advised shareholders to vote against the compensation package, citing dilution and a lack of key-person risk mitigation. Norway's $2 trillion sovereign wealth fund disclosed earlier this week that it voted against the pay package for those reasons and others. The New York State Common Retirement Fund earlier this month said it intends to vote against it, and exhorted others to do the same.

The trillion-dollar vote has drawn in bettors across prediction markets Polymarket, Kalshi, and Robinhood—all of which overwhelmingly indicate the expectation—at 90% or higher—that Musk's pay deal will pass.

Shares of Tesla rose about 4% on Wednesday, closing around $462 to leave them up about 14% for the year.

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SummaryLower interest rates create a favorable environment for REITs, enhancing valuations, reducing borrowing costs, and supporting high-yield distributions for income investors.Cohen & Steers Quality Income Realty Fund (RQI) and peers like RLTY, RNP, RFI, and IGR offer diversified exposure to top REITs with yields up to 15%.Welltower (WELL) and Equinix (EQIX) stand out among REIT holdings, with WELL benefiting from senior housing demand and EQIX positioned for data center growth.Despite recent underperformance, REIT-focused CEFs provide attractive income, and further rate cuts in 2026 could drive sector outperformance versus broader markets. SewcreamStudio/iStock via Getty Images

In my recent review of Cohen & Steers Quality Income Realty Fund (RQI), a CEF (closed end fund) that holds real estate equities, I suggested that income investors may want to consider adding some shares if the Fed

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IGR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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The logo of Commerzbank is pictured at the company's headquarters in Frankfurt, Germany, February 13, 2025. REUTERS/Kai Pfaffenbach Purchase Licensing Rights, opens new tab

SummaryCompaniesCEO Orlopp optimistic about 2026 outlookCommerzbank raises 2025 net interest income forecastShares open lowerFRANKFURT, Nov 6 (Reuters) - Germany's Commerzbank

(CBKG.DE), opens new tab, fending off a possible takeover by Italy's UniCredit

(CRDI.MI), opens new tab, reported an unexpected 7.9% drop in third-quarter net profit on Thursday as higher tax rates and costs weighed on earnings.

The bank reported a net profit of 591 million euros ($689.22 million) in the quarter ended September 30, compared with a profit of 642 million euros a year earlier. Analysts, on average, had expected an increase to 659 million euros, according to a consensus forecast published by Commerzbank.

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The German bank said that its tax rate rose to 36% in the quarter, up from 22% a year earlier. Costs rose 5% in the third quarter, in part due to higher personnel expenses.

The bank's shares traded more than 3% lower early in Frankfurt. Deutsche Bank analysts called the results mixed, "considering the strong recent track record".

Italy's UniCredit has amassed a 26% equity stake in the German lender as it pushes for a tie-up between the banks, despite resistance from Commerzbank management, employees, and the German government.

A line chart with LSEG data shows share performance.Commerzbank executives have been trying to convince shareholders of their standalone strategy by delivering healthy earnings.

"We have generated significant momentum over the past 12 months," CEO Bettina Orlopp said.

"Looking at 2026, our view is also very positive," she told analysts.

The bank announced earlier this year that it would axe 3,900 mostly local jobs to help it deliver more ambitious profit targets as part of its effort to fight off UniCredit's advances.

A table of key metrics at the two banks.The bank said it had applied for an additional share buyback of up to 600 million euros, and it increased its forecast for 2025 net interest income to 8.2 billion euros, up from 8 billion euros earlier.

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Reporting by Tom Sims and Alexander Huebner, Editing by Friederike Heine, Rashmi Aich and Tomasz Janowski

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Covers German finance with a focus on big banks, insurance companies, regulation and financial crime, previous experience at the Wall Street Journal and New York Times in Europe and Asia.

SummaryDuring the third quarter of 2025, the U.S. Small Cap Growth Composite Portfolio returned 21.4% gross and 21.1% net of fees.Bloom Energy is a provider of solid oxide fuel cells that play a critical role in delivering clean, reliable, 'always on' power at scale.Oddity Tech is a digital beauty and wellness platform that uses AI and data science to develop and recommend personalized products based on unique skin type and color signatures. syahrir maulana/iStock via Getty Images

The following segment was excerpted from Janus Henderson Enterprise Fund Q3 2025 Commentary.

During the third quarter of 2025, the U.S. Small Cap Growth Composite Portfolio (the “Portfolio”) returned 21.4% gross and 21.1% net of fees, respectively, compared to the 12.2% return of the

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A person walks by an EDP's (Energias de Portugal) logo in a storefront in Lisbon, Portugal, May 9, 2025. REUTERS/Pedro Nunes Purchase Licensing Rights, opens new tab

CompaniesLISBON, Nov 6 (Reuters) - Portugal's largest utility, EDP

(EDP.LS), opens new tab, plans to invest 12 billion euros ($13.99 billion) between 2026 and 2028, mainly to expand its renewable capacity with a focus on the United States, the company said on Thursday.

In its strategic plan through 2028, EDP also reiterated its recurring EBITDA target of around 4.9 billion euros for 2025, putting it at 4.9–5.0 billion euros in 2026 and about 5.2 billion by 2028.

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It expects recurring net income to reach around 1.2 billion euros this year, between 1.2 billion and 1.3 billion euros in 2026, and roughly 1.3 billion by 2028.

EDP ​​said 7.5 billion euros would be invested by its renewable unit EDP Renovaveis

(EDPR.LS), opens new tab - the world's fourth-largest wind energy producer - in wind, solar and battery energy storage systems, "of which around 60% are in the United States".

EDPR's capacity is expected to increase to 25 gigawatts by 2028 from 20 GW now.

EDP, which operates in 29 countries across Europe, the Americas, and Asia, ​​said the new plan was designed "in a context of increased demand for electricity, notably supported by increased data centre capacity in the U.S."

Another 3.6 billion euros would be channelled towards electricity networks, mainly in Portugal and Spain.

In the first nine months of 2025, EDP invested around 2.6 billion euros.

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Reporting by Sergio Goncalves; editing by Andrei Khalip

Our Standards: The Thomson Reuters Trust Principles., opens new tab

The Japanese carmaker posted its fifth straight quarterly net loss, partly because of U.S. tariffs.

SummaryIntel has improved its cash position with investments from the US Government, Nvidia, and SoftBank, but core profitability challenges persist.Q3 2025 results exceeded estimates, with revenue and EPS beats, though foundry losses remain and future profitability hinges on ramping 18A/14A technologies.Guidance for Q4 points to year-over-year declines in sales and margins, reflecting ongoing challenges despite recent operational improvements.Maintain Hold rating on INTC; while free cash flow outlook is improving, significant upside depends on successful foundry execution and external customer wins post-2027.JHVEPhoto/iStock Editorial via Getty Images

Intel (INTC)(INTC:CA), the troubled semiconductor company, has found some renewed momentum after the company appointed a new CEO and the US Government, Nvidia (NVDA), and SoftBank pledged investments in the

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, U.S., May 15, 2021. Picture taken May 15, 2021. REUTERS/Kathleen Flynn/File Photo Purchase Licensing Rights, opens new tab

SummaryCompaniesAdds backgroundATHENS, Nov 6 (Reuters) - U.S. oil giant ExxonMobil

(XOM.N), opens new tab has signed a deal with Energean

(ENOG.L), opens new tab and Helleniq Energy

(HEPr.AT), opens new tab to explore for natural gas offshore Greece, the companies said on Thursday.

ExxonMobil expects first gas from the project in Block 2 in western Greece in the early 2030s if all goes well, John Ardill, the company's head of global exploration, told Reuters on the sidelines of a conference in Athens.

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The Exxon project will require an investment between $50 million and $100 million, he said. Exxon will take a 60% stake in the project and will become operator if test drilling proves successful.

The deal increases U.S. interest offshore Greece, which last month named a consortium of U.S. oil major Chevron

(CVX.N), opens new tab and Helleniq Energy as the preferred bidder for exploration in other blocks.

Greece produces small volumes of oil and relies on hefty gas imports for power generation and domestic consumption.

It has been keen to explore for gas and bolster its role as a transit route as the European Union seeks to phase out Russian gas imports in the coming years.

Writing by Angeliki Koutantou

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Watches of Switzerland Group PLC (LSE:WOSG) shares swept to a four-month high after the retailer produced a first-half performance in the US, offset by less impressive trading in the UK. 

Full-year guidance was held steady in a half-year trading statement, where CEO Brian Duffy said: "The US has been the standout performer, with sales up 20% in constant currency, driven by broad-based growth across brands and categories throughout the period.

US revenue of £409 million for the six months to 30 September were up 15% at reported rates versus the prior year, with strong uxury watch sales across brands and price points.

This included 12% growth in Roberto Coin wholesale sales, or 16% in constant currency.

UK sales were up 2%, with Duffy saying the business "performed well despite the challenges facing the UK high street".

First-half underlying profit (EBIT) is expected to come in between £66 million and £68 million, with margins down around half a percentage point versus the prior year, in line with full-year guidance.

"The luxury watch market remains stable and our results demonstrate the quality of our brand portfolio and our focus on enhancing showroom productivity and client service," said Duffy, adding that the FTSE 250-listed group is "well placed for the holiday trading period".

Analysts at Peel Hunt said "in general this is a good sales print", though UK sales growth was slightly behind their forecast.

"Overall, it was a beat on the sales line but EBIT is in line with our forecasts and last year's performance at £66-68 million.

"It is a slightly better than solid start to the year, but management is not changing guidance at this stage."

The shares rose over 5% higher to 411p.

Nvidia CEO Jensen Huang reportedly told the Financial Times on Wednesday that "China is going to win the AI race," only to release a notably softer statement soon after. 

The prolific tech leader was speaking on the sidelines of the FT's Future of AI Summit, where he warned that China would beat the U.S. in artificial intelligence thanks to lower energy costs and looser regulations.

The comments, which CNBC could not verify independently, would represent Huang's starkest warning yet that the U.S. is at risk of losing its global lead in advanced AI technologies. 

However, several hours after the FT published its report, Nvidia issued a separate statement from Jensen on an official X account. 

"As I have long said, China is nanoseconds behind America in AI. It's vital that America wins by racing ahead and winning developers worldwide," he added.

Huang has long stated that the U.S. can stay ahead in the AI race if it keeps developers reliant on Nvidia's leading AI chips — an argument the CEO has used to lobby against export restrictions on his company's sales to China. 

Following meetings with U.S. President Donald Trump in July, it seemed that Huang's efforts had paid off, with Washington agreeing to ease some of its chip curbs. 

Under the plan, Nvidia and competing AI chip company AMD had agreed to pay the U.S. government 15% of their Chinese revenues from sales of existing AI processors tailored for the market.

However, Beijing has since shut Nvidia out of the market as it conducts a national security review of its chips, with Huang stating that the firm's market share has been reduced to zero. 

It remains unclear whether China will allow any of Nvidia's chips to return, as officials push domestic tech companies towards its domestic AI chip alternatives. However, some experts have speculated that Beijing is using Nvidia's market access as leverage in trade negotiations or to push Washington for wider access to advanced semiconductors.

Huang was in South Korea last month, during Trump's meeting with Chinese President Xi Jinping. Highly anticipated trade talks between the two leaders did not yield any concessions from either side on chip policy. 

According to The Wall Street Journal, Trump had initially sought to discuss a request by Huang to allow sales of a new generation of AI chips to China. However, top officials rallied against the idea, the Journal reported, citing anonymous current and former administration officials familiar with the matter.

Now that Nvidia's access to China remains frozen, it appears Huang is shifting his attention to other matters he considers essential to Nvidia's growth and the AI race. 

In the interview with the FT, Huang reportedly expressed concerns that the West, including the U.S, was being held back by "cynicism" and excessive regulation — contrasting that with China's energy subsidies aimed at lowering costs for local developers using domestic chips.

November 06, 2025 04:07 ET

 | Source:

Qfin Holdings, Inc.

SHANGHAI, China, Nov. 06, 2025 (GLOBE NEWSWIRE) -- Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qfin Holdings” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2025, after U.S. markets close on Tuesday, November 18, 2025.

Qfin Holdings’ management team will host an earnings conference call at 7:30 PM U.S. Eastern Time on Tuesday, November 18, 2025 (8:30 AM Beijing Time on Wednesday, November 19, 2025).

Conference Call Preregistration

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link: https://s1.c-conf.com/diamondpass/10051202-aikhpy.html

Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company's website at https://ir.qfin.com.

About Qfin Holdings

Qfin Holdings is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

For more information, please visit: https://ir.qfin.com.

Safe Harbor Statement

Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qfin Holdings may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qfin Holding’s filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qfin Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Qfin Holdings
E-mail: [email protected]

AstraZeneca CEO Pascal Soriot discusses Q3 earnings and the pharma giant's relationship with the U.S. administration.

Sumitomo Chemical Company, Limited (OTCPK:SOMMY) Q3 2024 Results Conference Call February 3, 2025 3:00 AM ET

Company Participants

Keigo Sasaki - Managing Executive Officer

Conference Call Participants

Takato Watabe - Morgan Stanley MUFG Securities
Makio Yamada - Mizuho Securities
Go Miyamoto - SMBC Nikko Securities

Operator

As it is time to start, we will now begin the Conference Call for the Presentation of the Financial Results for Fiscal Year 2024 Third Quarter. Thank you very much for your participation. Today, Mr. Sasaki, Managing Executive Officer, will give a briefing on the financial results for FY 2024 third quarter. Later, he will be joined by Mr. Yamauchi, Executive Officer and General Manager of Accounting Department, to take questions. We plan to conclude the call at 5:50.

Now Mr. Sasaki, over to you.

Keigo Sasaki

Thank you. I'm Sasaki from Sumitomo Chemical. Thank you very much for attending our conference call despite your busy schedule. I'd like to thank the investors and analysts for your daily understanding and support to our management. I'd like to thank you all for that.

Let me start with a briefing of our financial results for FY 2024 third quarter. Please turn to Slide -- Page 4. Before going to the details of our financial results, I'd like to summarize some major points that I'd like you to be aware of about the third quarter. Driven by favorable performance of Sumitomo Pharma and ICT & Mobility, core operating income for the third quarter improved significantly from -- and profit is increasing quarter after quarter. In the same period of the previous year, there was a loss of JPY113.9 billion, but now there is a profit of JPY60.1 billion.

Gain on the sale of unprofitable and noncore businesses, which has been promoted as immediate-term concentrated measures to improve business

El logotipo de Instagram se ve en un teléfono celular en Boston, el 14 de octubre de 2022. Credit: AP Foto/Michael Dwyer, Archivo

The Motion Picture Association is asking Meta to stop referring to content shown to teen accounts on Instagram as "guided by PG-13 ratings," saying it is misleading and could erode trust in its movie ratings system.

A lawyer on behalf of the MPA sent Meta Platforms a cease-and-desist letter asking the tech giant to "immediately and permanently disassociate its Teen Accounts and AI tools from the MPA's rating system."

Instagram had announced last month that its teen accounts will be will be restricted to seeing PG-13 content by default. The Motion Picture Association, which runs the film rating system that was established nearly 60 years ago, said at the time that it was not contacted by Meta prior to its announcement.

The MPA says Meta's claims claims that its Teen Accounts will be "guided by" PG-13 ratings and that its Teen Account content settings are "generally aligned with movie ratings for ages 13+" are "false and highly misleading." The association's movie ratings, which range from G to NC-17, are done by parents who watch entire movies and evaluate them to come up with a rating.

"Meta's attempts to restrict teen content literally cannot be 'guided by' or 'aligned with' the MPA's PG-13 movie rating because Meta does not follow this curated process," the association's letter says. "Instead, Meta's content restrictions appear to rely heavily on artificial intelligence or other automated technology measures."

In a statement, Meta said it updated its teen content policies to be "closer to PG-13 movie standards— which parents already know" so parents can better understand what their teens see on Instagram.

"We know social media isn't the same as movies, but we made this change to support parents, and we hope to work with the MPA to continue bringing families this clarity," the company said. Meta added that its intent was never to suggest that it partnered with the MPA or that the material on Instagram had been rated by the movie association.

© 2025 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Citation:
Motion Picture Association tells Meta to stop using PG-13 to refer to Instagram teen account content (2025, November 6)
retrieved 6 November 2025
from https://techxplore.com/news/2025-11-motion-picture-association-meta-pg.html

This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no
part may be reproduced without the written permission. The content is provided for information purposes only.

Journalist

Posted: November 6, 2025

Key Takeaways
What is the significance of the move past $0.195 in late October?
This move represented a bullish structure shift after a persistent downtrend since mid-August.

What is the short-term HBAR price prediction?
Weak buying pressure in recent hours suggests traders should brace for a potential rejection at the $0.176 local resistance level.

Hedera [HBAR] was up 1.29% in 24 hours but down 14.7% from last week. Its daily trading volume has fallen by nearly 50%, CoinMarketCap data showed.

The dramatic fall in volume was an early sign that the attempted price bounce might fall flat.

Bitcoin [BTC] continued to trade above the $100k mark, which meant that altcoins have some hope for recovery. However, most of these coins are in a downtrend, and key resistance levels must be broken to switch the bias bullishly.

HBAR bulls have work to do

Source: HBAR/USDT on TradingView

Over the past month’s trading, HBAR was down 24.56%, with a large portion of the losses coming during the 10/10 crash. However, the price action since the 13th of October saw a local swing high at $0.195 breached.

This was a positive development on the 1-day chart. It represented a bullish shift in structure and was a sign that buyers had some strength in the market.

Whether they can reclaim the levels HBAR traded at before the October market correction remains to be seen.

At the time of writing, the RSI stood at 42.6 on the daily timeframe, indicating that momentum was slightly bearish. However, over the past three weeks, the OBV has made higher lows and higher highs.

Although the RSI indicated bearish momentum, it was outweighed by a bullish shift in market structure and an upward trend in the OBV. 

Together, these signs suggested that the altcoin was attempting a recovery, even as another correction began on the 1st of November.

Source: HBAR/USDT on TradingView

Zooming in on the latest correction, key local levels became more clearly defined and easier to track.

The 1-hour chart highlighted strong supply pressure between $0.19 and $0.20. It also indicated a bullish shift in market structure over the past 24 hours, though price was still testing a critical swing level at $0.176.

The RSI showed bullish momentum in the short-term, but the hourly OBV showed that buying pressure was weak. This could see another Hedera price drop.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

Bitcoin (BTC) is trading near a crucial support level that could determine its next major move, as improving U.S.-China trade relations boost global market sentiment. With China suspending a 24% tariff on U.S. goods, investors are watching closely to see whether Bitcoin can maintain its long-term bullish structure or slip into a deeper correction.

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Galaxy Digital lowers its year-end bitcoin target from $185,000 to $120,000 due to slowing momentum in the ‘maturity era' of the bitcoin market.

SBI Digital Markets selected Chainlink as its exclusive infrastructure partner.Chainlink unveiled the Runtime Environment (CRE) and Confidential Compute (CC) in November.With LINK exchange reserves at five-year lows and whale accumulation rising, data suggests long-term investor confidenceSBI Digital Markets, the digital asset arm of Japan’s SBI Group, managing over $78.65 billion (12.1 trillion yen) in assets, has chosen Chainlink as its exclusive infrastructure provider.

This strategic partnership marks a major expansion for the network. Notably, the alliance arrives as Chainlink unveils new technological advancements and LINK exchange balances hit multi-year lows, raising optimism for a price rally.

Sponsored

Japan’s SBI Digital Markets and Chainlink Strengthen Ties Through CCIP IntegrationAccording to the announcement, SBI Digital Markets (SBIDM) will integrate Chainlink’s Cross-Chain Interoperability Protocol (CCIP). This will enable SBIDM to support compliant and interoperable tokenized real-world assets that can move seamlessly across both public and private blockchains.

“By leveraging CCIP Private Transactions, SBIDM prevents third parties from accessing private data, including amounts, counterparty details, and more,” Chainlink wrote.

SBIDM is also evaluating Chainlink’s Automated Compliance Engine (ACE) to enforce policy-based compliance across jurisdictions. This forms part of SBIDM’s broader plan to evolve into a comprehensive digital asset ecosystem that supports issuance, distribution, settlement, and secondary market trading.

The partnership builds upon previous work between SBI Group and Chainlink, including their collaboration under the Monetary Authority of Singapore’s Project Guardian alongside UBS Asset Management. That initiative successfully demonstrated how blockchain automation can streamline fund management processes traditionally handled by administrators and transfer agents.

Furthermore, the latest move extends Chainlink’s growing presence among global financial institutions — including prior collaborations with SWIFT, Mastercard, Euroclear, UBS, and ANZ.

Sponsored

Chainlink Introduces Runtime Environment and Confidential ComputeThe SBIDM collaboration comes amid two major infrastructure rollouts in November 2025. The network officially launched its Chainlink Runtime Environment (CRE) and introduced Chainlink Confidential Compute (CC).

CRE acts as a new orchestration layer connecting all of Chainlink’s core services, including its Oracles, CCIP, Proof of Reserve, and Automated Compliance Engine (ACE).

Meanwhile, Confidential Compute, expected to go live in 2026, adds a crucial layer of privacy for enterprise use. It will enable financial institutions and corporations to execute confidential smart contracts, covering use cases such as tokenized funds, private credit markets, and Delivery versus Payment (DvP) settlements.

SERGEY NAZAROV SMARTCON 2025 KEYNOTE

The infrastructure to unify global finance is now live.

Today, @SergeyNazarov announced that the Chainlink Runtime Environment (CRE) is live, marking the start of a new era in onchain development by enabling anyone to build… pic.twitter.com/a1HoDiM246

— Chainlink (@chainlink) November 6, 2025
Sponsored

Will LINK Benefit From Chainlink’s Expansion?As Chainlink expands its footprint, LINK continues to navigate a volatile market environment. According to BeInCrypto Markets data, the token has declined 36.7% over the past month.

At press time, LINK was trading at $14.96, marking a modest recovery of nearly 1% in the last 24 hours.

Chainlink (LINK) Price Performance. Source: BeInCrypto MarketsHowever, BeInCrypto also highlighted a notable on-chain trend: the supply of LINK on exchanges has fallen to 143.5 million tokens, its lowest level since October 2019. More than 80 million LINK, representing approximately 11% of the circulating supply, were withdrawn in 2025, indicating a significant shift toward long-term holding and self-custody.

Sponsored

On-chain data further indicates that whale accumulation is at its highest in years. This typically reflects reduced selling pressure and growing investor confidence in the asset’s long-term prospects.

Moreover, market sentiment remains optimistic, even after price corrections. Analysts project that the altcoin could see renewed upside momentum in the coming months.

“The chart? It’s screaming bottom. 5 years of bleed, now coiling like a spring inside a textbook falling wedge. Every candle is compressing disbelief into raw potential. Retail sees a downtrend. Smart money sees escape velocity,” a market watcher wrote.

Institutional partnerships, technological advances, and record token scarcity have created a supportive environment for Chainlink. Whether this translates to sustainable price momentum remains to be seen.

Disclaimer

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

XRP (CRYPTO: XRP) rallied on Wednesday on a broader recovery in cryptocurrency sentiment and Ripple Labs' partnership with Mastercard Inc. (NYSE:MA).

XRP Overshadows Bitcoin, Ethereum The fourth-largest cryptocurrency by market capitalization rose nearly 4% in the last 24 hours, wiping away some losses it endured this week.

In fact, XRP outgained blue-chip coins, such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), which rose only 1.21% and 1.54%, respectively, in the 24-hour period.

The uptick revived speculative interest for the coin somewhat, with open interest in XRP futures rising 2.16% in the last 24 hours, according to Coinglass.

See Also: Ripple (XRP) Price Prediction: 2025, 2026, 2030

These Were The Likely CatalystsXRP's relief bounce comes after a difficult stretch, with its value down 9% over the past week and more than 21% in the last month.

The rally likely derived momentum from Ripple’s partnership with payments giant Mastercard and cryptocurrency exchange Gemini (NASDAQ:GEMI) to explore the usage of Ripple USD (CRYPTO: RLUSD) for fiat card payments.

The project aims to let RLUSD, which is based on the XRP Ledger, handle blockchain-based payment settlements between Mastercard and WebBank, which issues the Gemini Credit Card.

Additionally, Ripple announced that it has secured $500 million in strategic funding from top institutional investors, raising its valuation to $40 billion.

Price Action: At the time of writing, XRP was exchanging hands at $2.32, up 3.97% in the last 24 hours, according to data from Benzinga Pro.

Mastercard shares closed up 0.10% at $553.31 during Wednesday’s regular trading session, while the Gemini stock gained 3.56% to settle at $16.87. 

Visit Benzinga Edge Stock Rankings and discover how top stocks on Wall Street score across 5 vital metrics of Momentum, Value, Growth, Quality and Trends.

Read Next: 

XRP, Solana Can’t Keep Up: ‘Ethereum Killer’ HYPE Rebounds 8%
Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

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

Key NotesSolana ETFs recorded $9.7 million in inflows, marking seven straight days of gains.Bloomberg’s Eric Balchunas called crypto ETFs the most fascinating development in modern finance.BTC and ETH ETFs continued to bleed, marking six straight days of outflows.
US-based Solana spot ETFs recorded their seventh consecutive day of inflows on Nov. 5, indicating massive demand while Bitcoin

BTC
$103 079

24h volatility:
1.3%

Market cap:
$2.06 T

Vol. 24h:
$61.92 B

and Ethereum

ETH
$3 378

24h volatility:
1.3%

Market cap:
$407.67 B

Vol. 24h:
$35.25 B

products faced continued withdrawals.

According to the data from SoSoValue, Solana ETFs saw a combined net inflow of $9.7 million, with Bitwise’s BSOL bringing in $7.46 million and Grayscale’s GSOL adding $2.24 million. This brings Solana’s total ETF net asset value to $531 million and cumulative inflows to $294 million, representing about 0.59% of SOL’s total market capitalization.

On November 5 (ET), U.S. spot Bitcoin ETFs recorded a net outflow of $137 million, marking six consecutive days of net outflows. Spot Ethereum ETFs saw a net outflow of $119 million, also for the sixth straight day. In contrast, U.S. spot Solana ETFs recorded a net inflow of $9.7… pic.twitter.com/6fzcGlrGEG

— Wu Blockchain (@WuBlockchain) November 6, 2025

Meanwhile, Bitcoin and Ethereum ETFs struggled to attract buyers with spot BTC ETFs recording $137 million in outflows, marking six straight days of redemptions, while spot Ethereum ETFs saw $119 million in outflows over the same period.

Additionally, the Hedera spot ETF saw a net inflow of $1.92 million, while the Litecoin ETF saw no new inflows.

Institutional Accumulation amid Price Dips
Despite the bearish flow trend in Bitcoin ETFs, data from CryptoQuant shows that, excluding Grayscale’s GBTC, Bitcoin ETFs recorded a surprising inflow equivalent to roughly 5,000 BTC on Nov. 4 when Bitcoin’s price dropped to a low of $98K.

Change in total BTC holdings for Bitcoin ETF | Source: TradingView

Analysts call this a classic “value-based accumulation,” where long-term investors strategically buy during market weakness rather than following momentum. This kind of institutional buying, occurring during price dips, could form a support base beneath the market.

However, for this signal to confirm a broader reversal, the 7-day average flow must turn positive. Until then, the inflows are a counter-indicator, indicating strong demand amid a crashing market.

The ETF Landscape: Innovation and Volatility
In the latest episode of ETF Prime, Bloomberg Intelligence’s Eric Balchunas described the crypto ETF segment as the most exciting area in finance, calling the Bitcoin ETF launch “the greatest debut in the fund industry’s history.”

He singled out BlackRock’s iShares Bitcoin Trust (IBIT), now the company’s top revenue-generating ETF, just a year after launch, comparing its impact to Tiger Woods’ 1997 Masters performance.

Market Caution and Citi’s Warning
In its recent report, Wall Street giant Citi said October’s liquidations left a lasting dent in investor confidence, especially among new ETF buyers who have retreated from risk. Analysts noted that steady inflows into Bitcoin ETFs were once a key pillar of support, but that momentum has now slowed, leaving sentiment fragile.

The report also pointed to concerning on-chain data. For example, large Bitcoin holders have been decreasing while retail wallets continue to rise, suggesting long-term investors may be taking profits.

Funding rates have dropped, indicating reduced leverage appetite, and Bitcoin has slipped below its 200-day moving average, a technical red flag for traders relying on trend indicators. Citi believes that for a recovery, ETF flows must stabilize and return to steady inflows. Until then, the market remains vulnerable to further corrections.

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.

Hedera (HBAR) News, Solana (SOL) News, Altcoin News, Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn