Market Signal Briefing

Story Protocol’s native token soared 21.48% to $2.98 in 24 hours as the blockchain introduced its first prediction markets and launched Confidential Data Rails. This privacy-focused upgrade secures encrypted data on-chain.

The surge mirrors multiple feature rollouts and rising institutional attention, positioning the Layer 1 blockchain as a critical driver in the growing $80 trillion intellectual property economy.

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Price Jumps with New Features and Market MomentumAs of 2:00 am UTC on Wednesday, Story Protocol’s IP token traded at $2.98—a 21.48% increase over the previous day. The token saw $145.63 million in trading volume across leading exchanges. Its market cap reached $975.42 million, placing it #104 among global cryptocurrencies.

Story hit an all-time high of $14.78 on Sept. 21, 2025, and has traded between $1.00 and $14.78 since. Institutional confidence is rising as publicly traded IP Strategy (Nasdaq: IPST) holds 53 million tokens on its balance sheet. These tokens are valued at about $731 million.

Source: BeInCryptoThe price rally arrived alongside three major launches: Story’s first prediction markets, integration with Dune Analytics for on-chain data, and a technical paper outlining Confidential Data Rails. These updates expand Story’s capabilities beyond IP registration, demonstrating it can support a broader range of decentralized applications.

Story Protocol Debuts On-Chain Prediction MarketsStory Protocol unveiled its first prediction markets with MusicByVirtuals, allowing users to trade on outcomes linked to cultural and financial events. These markets enable bets on topics like K-pop chart positions and cryptocurrency prices, with settlements processed on Story’s blockchain.

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These markets highlight how cultural trends and financial predictions can be tokenized and traded on-chain, showcasing Story’s versatility beyond IP management. It underscores Story’s aim to capture both IP ownership and the speculation surrounding cultural assets.

Confidential Data Rails: Privacy Upgrade for On-Chain AssetsLast Thursday, Story Protocol released its technical paper on Confidential Data Rails (CDR). This upgrade transforms encrypted data into programmable on-chain assets. The technology enables secure storage and automated management of sensitive assets within Story’s IP vaults. These assets include AI datasets, biomedical records, and API keys.

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The official Story Foundation announcement describes CDR as a cryptographic foundation that combines confidentiality, automation, and programmability. Decentralized trusted execution environments (TEEs) and smart contracts on the Story chain enforce permissions. This system allows data owners to control confidential assets without exposing sensitive details.

Programmable confidentiality is here.

Confidential Data Rails (CDR) turns encrypted data into onchain building blocks, paving the way for new privacy use-cases on Story and beyond.

Technical Paper out now ↓ pic.twitter.com/pp96CAaCr9

— Story (@StoryProtocol) November 20, 2025
CDR helps solve a persistent blockchain challenge: ensuring privacy while maintaining transparency. Public blockchains are excellent for auditability but lack strong data protection. CDR lets creators and enterprises tokenize sensitive IP while maintaining strict access controls—a feature essential for sectors such as pharmaceuticals, entertainment, and AI, where confidential information must remain protected even as rights are managed on-chain.

Meanwhile, Story Protocol’s partnership with Dune Analytics enables real-time visualization of on-chain IP data, covering registrations, licenses, royalties, and derivative chains. Andrea Muttoni, President and Chief Product Officer, noted that the integration fosters transparency and deeper analytics in on-chain IP. The collaboration grants developers and institutions SQL access to Story’s data, promoting research into IP tokenization and licensing trends.

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Creator Incentives Lead Platform GrowthChase Chaisun Chang, Head of Korea at PIP Labs—the operator of Story Protocol—stressed at a South Korean conference on Tuesday that creator incentives are vital for consistent, high-quality content.

He explained how one dance video can generate 100,000 remixes within 24 hours, making traditional licensing impossible. AI consumes this content and endlessly produces secondary creations, while the boundary between creators and consumers has completely blurred.

Chang emphasized that, following the principle “garbage in, garbage out,” AI requires high-quality training data to function correctly. Proper attribution and ownership tracking are essential to combat misinformation and verify the authenticity of AI-generated content.

He concluded that digital transformation means individuals will increasingly own more intangible assets. Everyone is becoming both creator and consumer simultaneously in this new era. Better IP infrastructure is crucial to protect everyone’s digital assets in this rapidly evolving landscape.

The combination of price strength, feature launches, and institutional support positions Story Protocol as crucial infrastructure for decentralized IP management. Still, the token trades 80% below its all-time high. Ongoing adoption of CDR, prediction markets, and Dune-powered analytics will be decisive in whether the protocol can capture significant market share. As Story expands, the key question is whether creators and enterprises will move IP operations on-chain at a scale that justifies the protocol’s ambition.

In brief
Monad users have reported spoofed transfers shortly after Monday’s mainnet and token launch.
Attackers emitted fake ERC-20 events that explorers displayed as real activity, according to Monad's CTO and co-founder.
The incident has coincided with rising MON trading and renewed attention on the chain.
Bad actors began spoofing token transfers on Monad less than two days after the network and its MON token officially went live on Monday, and within a day of airdropped and publicly sold tokens becoming accessible to users during the chain’s first period of liquidity and onboarding.

The spoofing was first reported by Monad CTO and co-founder James Hunsaker, who noted that the transactions appeared as standard token transfers on explorers, despite no movement of funds or signatures from the wallets being impersonated.

“Warning—there are fake ERC-20 transfers pretending to be from my wallet,” Hunsaker disclosed Tuesday evening on X, citing a Monad user who alerted him of the transactions.

Hunsaker added that ERC-20 is “just a token interface standard,” and that it is easy for someone to write a contract that meets the required functions while inserting unauthorized address entries.

Such a structure allows malicious contracts to create events to make activity appear legitimate, even when no actual wallet approval occurred.

Hunsaker added that the malicious activity is not a bug on Monad’s blockchain, and is instead “spoofing within their smart contract to try to trick people.”

Decrypt has reached out to Hunsaker and Monad for additional comment.

In one sample transaction provided by Hunsaker, the set of transfers followed a pattern common among EVM-based chains in which attackers deploy their own contracts and emit events that look like real token transfers, even though no wallets signed anything and no tokens moved.

Explorers display those events as regular activity, which can mislead users who might be checking wallet history.

In this case, the contracts also generated fake swap calls and other artificial signatures to appear as actual trading around the MON ecosystem. 

The idea, ostensibly, is to create the appearance of legitimate activity on a new network as users open wallets and move tokens for the first time.

The fake transfers come amid intensified activity around Monad following the network’s launch and the release of its MON token.

Roughly 76,000 wallets claimed MON over the past month but did not receive their tokens until Monday, when the network and its token went live.

A day after its launch, MON rose 19% to $0.042. At the time of writing, the token is up 43% on the day, with its market cap reaching roughly $500 million, per CoinGecko data.

Monad has been touted as a competitor to Ethereum and Solana, positioning itself as a high-performance, EVM-compatible network designed to process transactions in parallel and support throughput-intensive applications.

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

XRP has witnessed a strong surge during the past day, but data shows speculative leverage is building up behind the scenes, a potential warning sign.

XRP Has Enjoyed A Sharp Rally Over The Last 24 Hours
The cryptocurrency market as a whole has seen some recovery from the recent crash, but XRP has stood out for its particularly rapid growth. With a jump of 7% over the past day, the coin has managed to return to the $2.19 level.

The chart below shows how the recent performance of the asset has looked:

The trend in the coin’s price over the last five days | Source: XRPUSDT on TradingView
XRP’s breakaway from the pack has come as Franklin Templeton and Grayscale have launched their exchange-traded funds (ETFs). The products, with tickers XRPZ and GXRP, are now live on the New York Stock Exchange (NYSE) Arca. While the debut has brought with it fresh institutional attention on the cryptocurrency, a potentially bearish signal has been brewing in the background.

XRP Open Interest RSI Has Reached The Sell Zone
As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the XRP Open Interest Delta RSI has surged into the overheated territory recently. This indicator basically gauges the speed and magnitude of changes occurring in the asset’s Open Interest, a measure of the total amount of positions currently open on all derivatives exchanges.

Below is the chart shared by Maartunn that shows the trend in this metric over the past few weeks.

The indicator’s value seems to have surged in recent days | Source: @JA_Maartun on X
From the graph, it’s visible that the XRP Open Interest Delta RSI has surged above 70 recently, indicating that investors have opened derivatives positions aggressively within a short window. The analyst calls it “a classic sign of speculative leverage.”

The overall Open Interest is still notably down compared to the high earlier in the month, but the latest rapid uptick could be a signal to keep an eye on. In the chart, Maartunn has highlighted the previous instances of this pattern forming. It would appear that breaks from the indicator into this territory have often coincided with local tops.

So far, since the latest sell signal has appeared in the metric, XRP has continued to go up, but it only remains to be seen whether the rally will be sustainable, or if derivatives overheating will prove an obstacle.

In some other news, the recent XRP drop under $2 triggered a massive loss-taking event, as on-chain analytics firm Glassnode has highlighted in an X post.

The data for the XRP Realized Loss | Source: Glassnode on X
As displayed in the above chart, this isn’t the first time this year that the XRP Realized Loss has witnessed a spike after the price retraced to $2. “Since early 2025, each time XRP has retested $2, investors have realized $0.5B–$1.2B per week in losses,” noted Glassnode. “This underscores how heavily this level influences spending behavior.”

Featured image from Dall-E, Glassnode.com, chart from TradingView.com

Asian markets rose as traders leaned into risk assets, with Bitcoin near $87K and confidence in a December Fed rate cut boosting regional stocks.

47 minutes ago

Trading volume on the debut of Grayscale's first US spot Dogecoin ETF came in under an analyst’s expectation, with Bitwise soon to launch its own fund.

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Debut trading volume for Grayscale’s spot Dogecoin exchange-traded fund (ETF) came in lower than expected, despite being the first spot product in the country tracking the cryptocurrency.

Bloomberg ETF analyst Eric Balchunas said on Tuesday that the Grayscale Dogecoin Trust ETF’s (GDOG) debut on Monday took in $1.4 million in volume, below his expectation of $12 million, while still being “solid for an [average] launch but low for a ‘first-ever spot’ product.”

Grayscale’s ETF is set to be joined by a spot Dogecoin (DOGE) ETF from Bitwise, after New York Stock Exchange subsidiary NYSE Arca filed with regulators on Tuesday to certify its approval and listing of the Bitwise Dogecoin ETF (BWOW), which Bitwise said would begin trading on Wednesday.

The new Dogecoin funds come amid a flood of crypto ETFs after the Securities and Exchange Commission loosened listing standards in September, as asset managers look to test investor appetite for products linked to more speculative crypto tokens.

Source: Eric BalchunasGDOG, BWOW directly hold DogecoinThe REX Osprey DOGE ETF (DOJE) launched in September as the first in the US with exposure to Dogecoin; however, it took the approach of not being able to directly hold the cryptocurrency to get to market faster.

DOJE was filed under the Investment Company Act of 1940, which provides a 75-day approval window, but is limited to investing in an offshore subsidiary that holds Dogecoin and holding shares in European and Canadian Dogecoin ETFs.

Grayscale and Bitwise’s Dogecoin ETFs were filed under the Securities Act of 1933, meaning they can directly hold the token, but have a longer approval window of 240 days.

DOJE saw a more lively debut in September, as the ETF saw $17 million in volume traded on its debut day, exceeding analyst expectations of $2.5 million.

New XRP ETFs pull in nearly $130 million inflows on debutMeanwhile, on Monday, Grayscale and Franklin Templeton both launched their own spot XRP (XRP) ETFs that took in combined net inflows of $129.95 million, according to SoSoValue.

The Franklin XRP ETF (XRPZ) saw $62.6 million in net inflows, while the Grayscale XRP Trust ETF (GXRP) took in $67.4 million, far below their rival, the Canary XRP ETF (XRPC), which took in $243 million on its Nov. 14 debut and Bitwise’s XRP ETF, which launched on Thursday and took in over $105 million on its first trading day.

Balchunas said on Monday that the recently launched DOGE and XRP ETFs are just the first in what he and fellow ETF analyst James Seyffart estimated to be “likely over 100 in [the] next six months.”

Magazine: Solana vs Ethereum ETFs, Facebook’s influence on Bitwise — Hunter Horsley

43 minutes ago

The ability to freeze assets and unwind transactions was a key consideration when selecting the blockchain for the pilot, according to Mike Villano from US Bank.

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US Bancorp is running a stablecoin pilot on the Stellar blockchain, joining the growing number of banks experimenting with the technology. 

The bank is partnering with consulting company PricewaterhouseCoopers (PwC) and the Stellar Development Foundation to run the pilot. 

“The bottom line is institutions have arrived. New financial infrastructure is taking shape now, and US Bank, PwC, and SDF are working to unlock the next wave of digital banking,”  said the Stellar Development Foundation on Tuesday. 

US Bancorp is the publicly traded parent company of US Bank, which holds more than $664 billion in assets under management and reports annual revenue of over $27.5 billion, according to the bank.

Source: StellarStablecoin test to demonstrate the promise of blockchain to banksKurt Fields, director and blockchain lead at PwC, said the primary objective of the pilot was to demonstrate the promise of blockchain in a trusted, bank-grade environment during a Tuesday episode of the US Banks podcast, Money 20/20.

“We’ve been talking about blockchain for years and we’re at a point now where it’s not about innovation anymore,” he said. 

José Fernández da Ponte from the Stellar Development Foundation, Mike Villano from US Bank and Kurt Fields from PwC. (Left to right) Source: YouTube
“It’s about practical application in a rigorous, highly regulated environment where we’re taking advantage of the tooling onchain in this case on the Stellar network to demonstrate that the promise of programmable money actually yields benefits for not only the institution but the customers that they serve.”Stellar blockchain chosen for its ability to freeze assetsThe Stellar network launched in 2014 as an open-source, decentralized blockchain designed for cross-border payments and asset tokenization.

Mike Villano, the head of digital assets products at US Bank, said his organization chose Stellar for its pilot because it allows transaction unwinding and clawbacks. 

Villano said the Stellar platform has the “ability at their base operating layer to freeze assets and unwind transactions,” which was a key consideration for customer protections. 

“Often, you might write that into the business logic in itself, but in this instance, you could do it at the core blockchain layer. So that was very interesting to us,” he added. 

Tokenized asset research is also in the works at US BankVillano also said US Bank is looking at tokenized assets and is in the research phase. 

“We’re also doing some additional research around tokenized assets, where if you could take the value proposition of moving quickly, moving 24/7 and moving it very efficiently, you can apply that to all sorts of other asset classes that come along with it,” he said. 

“So we’re excited to see where that research goes for us as well.” Magazine: Sunny Lu: Getting scammed for 100 Bitcoin led him to create VeChain

MegaETH has run into problems that forced the team to pull back from an expansion of its token sale.

Summary

A misconfigured multisig and overloaded KYC APIs were some of the issues that caused repeated failures during launch.
Rate-limits on Sonar’s infrastructure contributed to the breakdown.
No funds were at risk, but the user experience failed, prompting MegaETH to pause expansion.

According to a Nov. 25 series of posts on X, MegaETH said it is no longer pursuing its plan to increase its pre-deposit cap from $250 million to $1 billion after a string of technical issues disrupted the event. 

The Ethereum layer-2 project said the experience “was not acceptable” and confirmed that a withdrawal page is coming for users who want their funds returned.

$1B raise halted after cascading failures
MegaETH described the incident as a mix of configuration errors, slow coordination around multisig updates, and separate failures from its KYC partner, Sonar.

These issues combined to create a launch window that opened earlier than planned, blocked deposit attempts, and led to a rush of activity that filled the initial $250 million cap almost instantly.

Once the team tried to lift the limit, new problems followed. A mismatched sale identifier in the pre-deposit contract required a 4-of-6 multisig fix, while Sonar’s rate limits caused extended downtime.

By the time fixes were deployed, the system reopened at a random moment, allowing users who kept refreshing the page to deposit before others even knew the window was live. 

Attempts to expand the cap to $400 million and then $500 million came too late, with the contract already oversubscribed before each limit took effect.

Pre-deposit goals, user fallout, and next steps
The pre-deposit campaign was designed to supply early liquidity for MegaETH’s mainnet launch by letting KYC-verified users commit USD Coin (USDC) in exchange for USDm, the network’s upcoming stablecoin built with Ethena’s (ENA) framework.

The initial cap was set at $250 million with no individual limits, and participants would later receive reward multipliers tied to the MEGA token.

The breakdown has prompted a wave of refund requests, although participants will still keep credit toward the rewards program. MegaETH said it will publish a full retro to explain the event in detail and outline how the team will prevent similar failures during the next phase of the launch.

Ripple's latest hiring drive marks a pivotal acceleration for XRPL, signaling a bold push to scale institutional on-chain adoption, deepen programmability, and fortify the high-performance blockchain infrastructure driving the next era of global value movement.

Uneasy lies the head that wears the crown.

Shares of artificial intelligence czar Nvidia fell 2.6% on Tuesday as signs of unrest continued rippling through its kingdom.

Over the month, Nvidia has been contending with concerns over lofty valuations and an argument from the "The Big Short" investor Michael Burry that companies may be overestimating the lifespan of Nvidia's chips. That accounting choice inflates profits, he alleged.

The pressure intensified last week in the form of a potential challenger to the crown. Google on Nov. 18 announced the release of its new AI model Gemini 3 — so far so good, given that Nvidia isn't in the business of designing large language models  — powered by its in-house AI chips — uh-oh.

And on Monday stateside, Meta, a potential kingmaker, appeared to signal that it is considering not just leasing Google's custom AI chips, but also using them for its own data centers. It seemed like Nvidia felt the need to address some of those rumblings.

The chipmaker said on the social media platform X that its technology is more powerful and versatile than other types of AI chips, including the so-called ASIC chips, such as Google's TPUs. Separately, Nvidia issued a private memo to Wall Street that disputed Burry's allegations.

Power, whether in politics or semiconductors, requires a delicate balance.

Remaining silent may shroud those in power in a cloak of untouchability, projecting confidence in their authority — but also aloofness. Deigning to address unrest can soothe uncertainty, but also, paradoxically, signal insecurity.

For now, the crown is Nvidia's to wear — and the weight of it is, too.

What you need to know todayAnd finally...The UK's Autumn Budget is coming

The run-up to this year's U.K. Autumn Budget has been different from the norm because so many different tax proposals have been floated, flagged, leaked and retracted in the weeks and months leading up to Wednesday's statement.

It has also made it harder to gauge what we're actually going to get when Finance Minister Rachel Reeves finally unveils her spending and taxation plans for the year ahead.

— Holly Ellyatt

Retirement of long-term fixed interest convertible debentures and upsized credit facility with lower cost of borrowing enhance Gold Royalty's cash flow profile and strengthen the balance sheet to support continued growth 

, /PRNewswire/ - Gold Royalty Corp. ("Gold Royalty" or the "Company") (NYSE American: GROY) is pleased to announce that it has entered into an amendment agreement with the Bank of Montreal and the National Bank Capital Markets to, among other things, upsize its existing revolving credit facility to US$75 million, with an accordion feature allowing for up to an additional US$25 million in availability, subject to certain conditions (the "Facility"). As a condition to the expanded Facility, Gold Royalty completed an early redemption and conversion of its outstanding 10% convertible debentures due in 2028 (the "Debentures").

The Facility's maturity has been extended to November 2028. The amendment also improves the interest rate under the Facility, with the applicable interest rate improving from SOFR plus a fixed 3.0% margin to an applicable margin ranging from 2.5% to 3.5% based on the Company's leverage ratio. The upsized Facility was subject to customary conditions and the retirement of at least 75% of the principal amount of the Debentures.

Andrew Gubbels, Chief Financial Officer, commented: "The Facility expansion and retirement of our outstanding 10% Debentures significantly improves our balance sheet, lowers our cost of capital and results in a more fiscally efficient capital structure. We believe the resulting enhancement to our liquidity position and access to capital place us in a strong position to continue to effectively execute our long-term growth strategy. By bringing forward the existing early redemption rights on the Debentures we strengthen our cash flows by eliminating the relatively higher fixed interest payments associated with the Debentures to maturity in late-2028 and provide a more beneficial long-term interest rate structure under the Facility."

"We thank Queen's Road Capital and Taurus, the holders of the Debentures, for their support of the Company. The initial Debenture financing completed in December 2023 allowed us to make flag-ship investments in our Borborema royalty and related gold-linked loan, which have proven to be very accretive additions to our portfolio. The initial US$31 million investment we made at the end of 2023 has already generated US$7.2 million in cash flows to Gold Royalty, with commercial production achieved on schedule in the third quarter of 2025. We look forward to the ongoing support of Queen's Road and Taurus as shareholders of Gold Royalty."

Upsized Facility

The Company entered into an amendment agreement with its existing lenders to amend and upsize its existing Facility. The Facility now consists of a US$75 million revolving credit facility, with an accordion feature allowing for up to an additional US$25 million in availability, subject to certain conditions. The Facility is available for general corporate purposes and to finance acquisitions and investments and may be drawn in U.S. dollar base rate advances or term benchmark advances.

Under the amended Facility, term benchmark advances will bear interest at a rate equal to the Secured Overnight Financing Rate (SOFR) plus a margin ranging from 2.5% to 3.5% based on the Company's applicable leverage ratio. U.S. dollar base rate advances bear interest at a rate equal to a base rate plus applicable margin. The Facility is subject to a standby fee ranging from 0.56% to 0.79% on the unused portion of the Facility based on the Company's leverage ratio.  

The Facility includes customary financial covenants, including a net leverage ratio and interest coverage ratio. The Facility continues to be secured against the assets of the Company.

Retirement of Debentures

An aggregate of US$40 million in principal amount of the Debentures was issued by the Company in December 2023, consisting of US$30 million in principal amount held by Queen's Road Capital Investment Ltd. ("QRC") and US$10 million in principal amount held by Taurus Mining Royalty Fund L.P., a fund managed by Taurus Funds Management Pty Limited. In connection with, and as a condition to the Facility amendment, the Company, with the consent of the holders of the debentures, entered into a supplemental indenture with the trustee under its existing Debentures allowing it to, among other things, exercise its existing redemption rights under their terms.

Under the existing Debentures, the Company had the pre-existing right to cause the early redemption of the Debentures in December 2026. Pursuant to the amendment, with the consent of the holders of the Debentures, the Company amended the terms of the Debenture to allow it to exercise such right immediately. The existing terms of the Debentures provided that, on exercise of the Company's early redemption rights, the holders could elect to convert their debentures to common shares of the Company at a conversion price of US$1.75, being equal to a 20% premium to the 20-day volume-weighted average price ("VWAP") of the Company's common shares at the date the Debentures were originally issued. In the absence of early-redemption, the holders could also cause conversion prior to maturity in 2028 at a price of US$1.90 per share.

The conversion price relating to the redemption was unchanged at US$1.75 per common share. In connection with the early redemption and the amendment to the Debentures, the holders of the Debentures received a partial make-whole payment equal to the interest that would be payable on the Debentures until December 15, 2026, which was satisfied by the Company on the same basis as prior interest payments under the Debentures by paying 70% in cash and 30% in common shares at a price of US$3.59 per share, being equal to the 20-trading day VWAP of the Company's common shares at the time of redemption.

As a result of the transaction, the Company issued a total of 23,288,896 common shares to the holders of the Debentures and the entire principal amount outstanding of the Debentures has been eliminated.

The early redemption and conversion of the Debentures is considered a "related party" transaction for the purposes of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101") as QRC is a company whose chairman and CEO, Warren Gilman, is also a director of the Company. A material change report respecting the transaction will be filed in due course. The transaction is exempt from the formal valuation and minority shareholder approval requirements available under MI 61-101, as neither the fair market value of the subject matter of, nor the fair market value of the consideration thereunder, insofar as it involves related parties, exceeded 25% of the Company's market capitalization.

The terms of the early redemption and conversion of the Debentures, were reviewed and approved by its independent directors, after consultation with an independent financial advisor, and were approved unanimously by its board of directors, with Mr. Gilman abstaining as a result of his relationship with QRC.

About Gold Royalty Corp.

Gold Royalty Corp. is a gold-focused royalty company offering creative financing solutions to the metals and mining industry. Its mission is to invest in high-quality, sustainable, and responsible mining operations to build a diversified portfolio of precious metals royalty and streaming interests that generate superior long-term returns for our shareholders. Gold Royalty's diversified portfolio currently consists primarily of net smelter return royalties on gold properties located in the Americas.

Forward-Looking Statements:
Certain of the information contained in this news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian and U.S. securities laws (collectively, "forward-looking statements"), including but not limited to statements regarding: the Company's business plans and strategies and the expected benefits of the transactions disclosed herein, including their impact on the Company's cash flow profile, future financial condition and results of operations. Such statements can be generally identified by the use of terms such as "may", "will", "expect", "intend", "believe", "plans", "anticipate" or similar terms. Forward-looking statements are based upon certain assumptions and other important factors, including assumptions of management regarding the accuracy of the disclosure of the operators of the projects underlying the Company's interests, their ability to achieve disclosed plans and targets, macroeconomic conditions, commodity prices, and the Company's ability to finance future growth and acquisitions. Forward-looking statements are subject to a number of risks, uncertainties and other factors which may cause the actual results to be materially different from those expressed or implied by such forward-looking statements including, among others, any inability to any inability of the operators of the properties underlying the Company's royalties, stream and other interests to execute proposed plans for such properties or to achieved planned development and production estimates and goals, risks related to the operators of the projects in which the Company holds interests, including the successful continuation of operations at such projects by those operators, risks related to exploration, development, permitting, infrastructure, operating or technical difficulties on any such projects, the influence of macroeconomic developments, the ability of the Company to carry out its growth plans and other factors set forth in the Company's Annual Report on Form 20-F for the year ended December 31, 2024, and its other publicly filed documents under its profiles at www.sedarplus.ca and www.sec.gov. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements, except in accordance with applicable securities laws.

SOURCE Gold Royalty Corp.

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Baxter International Inc. (NYSE: BAX) between February 23, 2022 and July 30, 2025, both dates inclusive (the "Class Period"), of the important December 15, 2025 lead plaintiff deadline.

So what: If you purchased Baxter common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Baxter class action, go to https://rosenlegal.com/submit-form/?case_id=17664 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 15, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants misled investors by failing to disclose that: (1) the Novum LVP suffered systemic defects that caused widespread malfunctions, including underinfusion, overinfusion, and complete non-delivery of fluids, which exposed patients to risks of serious injury or death; (2) Baxter was notified of multiple device malfunctions, injuries, and deaths from these defects; (3) Baxter's attempts to address these defects through customer alerts were inadequate remedial measures, when design flaws persisted and continued to cause serious harm to patients; (4) as a result, there was a heightened risk that customers would be instructed to take existing Novum LVPs out of service and that Baxter would completely pause all new sales of these pumps; and (5) based on the foregoing, Baxter's statements about the safety, efficacy, product rollout, customer feedback and sales prospects of the Novum LVPs were materially false and misleading. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Baxter class action, go to https://rosenlegal.com/submit-form/?case_id=17664 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

November 25, 2025 8:56 PM EST | Source: Homerun Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 25, 2025) - Homerun Resources Inc. (TSXV: HMR) (OTCQB: HMRFF) ("Homerun" or the "Company") is pleased to announce that it has received TSXV conditional approval for its previously announced financing, originally announced on June 16, 2025, with an arm's length institutional investor, Sorbie Bornholm LP (the "Investor") in connection with a proposed financing for CDN$6,000,000.00 (the "Offering") at a price of $1.00 per unit ("Unit").

The Offering will consist of the issuance of 6,000,000 Units. Each Unit shall be comprised of one (1) common share ("Shares") of the Company and one (1) common share purchase warrant ("Warrants"). The proceeds from the Offering will be used to advance the Company's vertically integrated silica to solar and energy storage business, supporting business development and scaling of revenues and for general working capital purposes.

Brian Leeners, CEO of Homerun stated, "We are thrilled to welcome this particular Institutional Investor as they have chosen Homerun to be their inaugural investment with a company trading on the TSX Venture Exchange. Their innovative investment model provides capital over 24 months keeping our team focused on the execution of our plans and deliverables. We have confidence that this financing based on its unique model, will provide capital premiums to the original financing amount over that 24-month period as we continue to de-risk our business and transition into a high-growth, revenue-generating Company with exceptional long-term potential."

Sorbie Bornholm Managing Director Whitney Kofford commented, "Sorbie is proud to announce this new investment in Homerun Resources and to provide Homerun with flexible, growth-linked capital over the next two years through our unique Sharing Agreement. The global energy transition requires bold thinking and the ability to execute on transformative ideas. Homerun's integrated strategy for high-purity silica and advanced energy solutions is a prime example of just that - innovation meeting opportunity. We applaud Homerun's consistent track record of hard work and determination, and we look forward to supporting the Company over the longer-term throughout their growth trajectory."

Pursuant to the terms and conditions of a Sharing Agreement between the parties, the following structure and sequence will take effect under the Offering:

The Investor will deposit CDN$6,000,000 into a third-party escrow account.The Company will issue the 6,000,000 Shares into escrow and the Warrants will be issued to Sorbie on each monthly settlement date.Over a 24-month period, the cash and Shares will be released monthly based on the Company's market price at each release date.The Investor will immediately receive upon closing 1,500,000 Warrants exercisable at CDN$1.18 for three (3) years.The Investor will also receive up to 4,500,000 additional Warrants, issued monthly over 24 months, priced at a 20% premium to the 5-day VWAP at the time of each issuance and exercisable for three (3) years from issuance.The Company will pay the Investor a corporate finance fee of 360,000 Shares and a due-diligence deposit of 100,000 Shares, both subject to the same escrow and release schedule.The Warrants will also include an equity blocker provision that prohibits the Investor from exercising any portion of the Warrants if such exercise would result in the holder owning more than 9.99% of the Company's outstanding Shares.The Company intends to rely on the listed issuer financing exemption under Part 5A of National Instrument 45-106 - Prospectus Exemptions, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption, for the Offering, and the Shares and Warrants will not be subject to restrictions on resale. There will be an offering document related to the Offering that will be available under the Company's profile at www.sedarplus.ca and at www.homerunresources.com. Prospective investors should read this offering document before making an investment decision. Closing of the Offering is subject to several conditions, including receipt of all necessary corporate and regulatory approvals, including the TSXV.

The Offering is expected to close on or about November 30, 2025, or such other date as the Company may determine, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals, including the final approval of the TSX Venture Exchange. There are no finder's fees payable to any parties under the Offering.

About Homerun (www.homerunresources.com)

Homerun is building the silica-powered backbone of the energy transition across four focused verticals: Silica, Solar, Energy Storage, and Energy Solutions. Anchored by a unique high-purity low-iron silica resource in Bahia, Brazil, Homerun transforms raw silica into essential products and technologies that accelerate clean power adoption and deliver durable shareholder value.

⁠Silica: Secure supply and processing of high-purity low-iron silica for mission-critical applications, enabling premium solar glass and advanced energy materials.Solar: Development of Latin America's first dedicated 1,000 tonne per day high-efficiency solar glass plant and the commercialization of antimony-free solar glass designed for next-generation photovoltaic performance.Energy Storage: Advancement of long-duration, silica-based thermal storage systems and related technologies to decarbonize industrial heat and unlock grid flexibility.Energy Solutions: AI-enabled energy management, control systems, and turnkey electrification solutions that reduce costs and optimize renewable generation for commercial and industrial customers.With disciplined execution, strategic partnerships, and an unwavering commitment to best-in-class ESG practices, Homerun is focused on converting milestones into markets-creating a scalable, vertically integrated platform for clean energy manufacturing in the Americas.

On behalf of the Board of Directors of Homerun Resources Inc.:

"Brian Leeners"

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements".

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

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275995

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

So what: If you purchased or sold Cepton, Inc. common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Cepton, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton's merger with Koita Manufacturing Co., Ltd.); (2) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (3) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

-

‘RealFarm series’, Korea’s hit simulation game with 10M+ downloads, arrives in Taiwan on November 18, featuring farm-to-player rewards from 100+ producers.

SEOUL, South Korea--(BUSINESS WIRE)--NeoGames, an innovative game developer based in Seoul, announced that it has launched its innovative multi-puzzle farming game “RealFarm Craft” in Taiwan on November 18. After surpassing 10 million downloads in South Korea, RealFarm Craft is now fully localized to Traditional Chinese, ensuring an immersive and accessible experience that bridges digital gameplay and real-world benefits.

RealFarm Craft integrates with NeoGames’ Real Farm Market e-commerce platform, supporting over 100 small-scale farms and delivering genuine agricultural products directly to players.

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Game Overview

RealFarm Craft is a hybrid simulation title blending farming, crafting, and adventure in a mysterious forest. Players set off on a journey to restore lost memories, build their own agricultural empires, and master culinary skills through an innovative, collection-based puzzle system. The experience celebrates the joy of creativity and the satisfaction of producing and cultivating.

Key Features

Reality-Based Crafting System: Grounded in authentic food production processes, the crafting system ensures that outcomes vary dynamically based on the quality of ingredients, selection of cooking tools, and the artisan's accumulated skill levels, adding depth and realism.

Innovative Merge Mini-Games: Enhanced merge mechanics introduce random item drops, with mini-games appearing based on cumulative merge counts to maintain engaging gameplay dynamics and eliminate monotony.

User-Generated Content: Players can submit original recipes for implementation in the game and participate in cooking competitions, providing opportunities to showcase creativity and contribute to the game's evolving content.

Real-World Rewards: Monthly events centered on East-West fermentation techniques offer premium fermented foods as actual rewards, seamlessly connecting virtual gameplay with real-world culinary experiences.

Real-World Integration and Rewards

RealFarm Craft integrates with NeoGames’ Real Farm Market e-commerce platform, supporting over 100 small-scale farms and delivering genuine agricultural products directly to players. This model has distributed USD 1.6 million in real rewards to 66,000 South Korean users. Previously, NeoGames’ RealFarm World, launched in Taiwan in 2020, delivered over USD 600,000 in goods to more than 30,000 users, illustrating a sustained commitment to Taiwan and farming community.

Click the 'RealFarm Craft' download link below.

Apple App Store

Google Play

About NeoGames

NeoGames is a pioneering South Korean gaming company dedicated to creating innovative, meaningful experiences that connect digital entertainment with real-world impact. The company seeks support for local agriculture and farming communities through original games and integrated e-commerce platforms.

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Amazon is facing a federal probe after one of its delivery drones downed an internet cable in central Texas last week.

The probe comes as Amazon vies to expand drone deliveries to more pockets of the U.S., more than a decade after it first conceived the aerial distribution program, and faces stiffer competition from Walmart, which has also begun drone deliveries.

The incident occurred on Nov. 18 around 12:45 p.m. Central in Waco, Texas. After dropping off a package, one of Amazon's MK30 drones was ascending out of a customer's yard when one of its six propellers got tangled in a nearby internet cable, according to a video of the incident viewed and verified by CNBC.

The video shows the Amazon drone shearing the wire line. The drone's motor then appeared to shut off and the aircraft landed itself, with its propellers windmilling slightly on the way down, the video shows. The drone appeared to remain in tact beyond some damage to one of its propellers.

The Federal Aviation Administration is investigating the incident, a spokesperson confirmed. The National Transportation Safety Board said the agency is aware of the incident but has not opened a probe into the matter.

Amazon confirmed the incident to CNBC, saying that after clipping the internet cable, the drone performed a "safe contingent landing," referring to the process that allows its drones to land safely in unexpected conditions.

"There were no injuries or widespread internet service outages. We've paid for the cable line's repair for the customer and have apologized for the inconvenience this caused them," an Amazon spokesperson told CNBC, noting that the drone had completed its package delivery.

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The incident comes after federal investigators last month opened a separate probe into a crash involving two of Amazon's Prime Air drones in Arizona. The two aircrafts collided with a construction crane in Tolleson, a city west of Phoenix, prompting Amazon to temporarily halt drone deliveries in the area.

For over a decade, Amazon has been working to realize founder Jeff Bezos' vision of drones whizzing toothpaste, books and other goods to customers' doorsteps in 30 minutes or less. The company began drone deliveries in 2022 in College Station, Texas, and Lockeford, California.

But progress has been slowed by a mix of regulatory hurdles, missed deadlines and layoffs in 2023 that coincided with broader cost-cutting efforts by Amazon CEO Andy Jassy.

The company has previously said its goal is to deliver 500 million packages by drone per year by the end of the decade.

The hexacopter-shaped MK30, the latest generation of Amazon's Prime Air drone, is meant to be quieter, smaller and lighter than previous versions.

Amazon says the drones are equipped with a sense-and-avoid system that enables them to "detect and stay away from obstacles in the air and on the ground." The company recommends that customers maintain "about 10 feet of open space" on their property so drones can complete deliveries

The company began drone deliveries in Waco earlier this month for customers within a certain radius of its same-day delivery site who order eligible items weighing 5 pounds or less. The drone deliveries are supposed to drop packages off in under an hour.

Amazon has brought other locations online in recent months, including Kansas City, Missouri, Pontiac, Michigan, San Antonio, Texas, and Ruskin, Florida. Amazon has also announced plans to expand drone deliveries to Richardson, Texas.

Walmart began offering drone deliveries in 2021, and currently partners with Alphabet's Wing and venture-backed startup Zipline to make drone deliveries in a number of states, including in Texas.

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AUSTIN, Texas, Nov. 25, 2025 (GLOBE NEWSWIRE) -- TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global CX (customer experience) technology and services innovator for AI-enhanced CX, today announced a major expansion of its Egypt operations following the 2025 Global Offshoring Summit in Cairo.

During the visit, TTEC Engage President John Abou participated in a Presidential Roundtable with global industry leaders, met with senior Egyptian government leaders including the Prime Minister of Egypt and Minister of ICT, and signed a Memorandum of Understanding (MOU) with the Information Technology Industry Development Agency (ITIDA) to support the company’s plan to scale its Cairo operations. Under the agreement, TTEC will expand its workforce by an additional 3,500 employees by 2029 to meet growing global client demand.

Expanding a Strategic Global Hub

TTEC first entered Egypt in 2023 and expanded again in early 2025 with the opening of its state-of-the-art facility in Maadi Technology Park. The site currently has over 500 employees who can support 11 languages — Arabic, English, French, German, Italian, Spanish, Dutch, Portuguese, Russian, Turkish, and Hebrew — and the workforce will continue to scale as client needs grow.

“Egypt has become an essential part of our global delivery network,” said Abou. “The strength of Egypt’s multilingual talent, combined with the support we’ve received from ITIDA and the Egyptian government, positions Cairo as a world-class hub for delivering the future of customer experience.”

Accelerating Egypt’s Digital Services Growth

TTEC’s Cairo facility enhances the company’s ability to deliver integrated omnichannel support — including voice, chat, social media, messaging, analytics, and back-office services. It also serves as an innovation hub for piloting next-generation CX technologies and AI-enabled solutions for global clients.

The expansion will create thousands of jobs across frontline support, operations, technology, data analysis, and quality assurance, supported by extensive training in AI tools, cloud systems, cybersecurity, and multilingual engagement.

“TTEC’s continued investment reinforces Egypt’s position as a leading destination for global offshoring and digital services,” said Eng. Ahmed Elzaher, CEO of ITIDA. "We look forward to deepening our partnership as TTEC scales its presence in Cairo. At ITIDA, we view each new center and every expansion as a commitment — a commitment to help it grow and ensure it unlocks its full potential.”

About TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ: TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company's TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI, and analytics solutions. The Company’s TTEC Engage business delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company's singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at https://www.ttec.com/emea

Media Contact
Meredith Matthews
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e6fdd6c3-2b1a-4dd2-99b4-49dc0d6db03c

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7c73c85-1b74-494b-95a9-6941088122de

TTEC Expands Operations in Egypt
TTEC first entered Egypt in 2023 and expanded again in early 2025 with the opening of its state-of-t...

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Published: Nov 26, 2025, 02:29 GMT+00:00

Gold and silver remain bullish as weak U.S. retail sales data and dovish Fed signals boost expectations for a rate cut, while technical patterns and a weakening dollar support further upside into early 2026.

Gold (XAU) price rebounded from its support level on Tuesday. This rebound was triggered by the release of U.S. retail sales data, which had fueled hopes for a December interest rate cut due to weak U.S. retail sales. The chart below shows that US retail sales increased by only 0.2% in September 2025, marking the smallest increase in four months.

Moreover, the US retail trade growth slowed to 4.3% year-over-year in September 2025 from 5.0% in the previous month.

Spot gold consolidates near $4,150 per ounce and remains bullish after the release of the data within the positive structure. Traders interpreted the data and dovish Fed remarks as signs of easing monetary policy ahead.

The expectations for rate cuts have increased. The markets are now pricing in an 85% chance of a December cut, up from 50% just a week ago. The shift follows weaker retail sales data and stable producer price inflation. These conditions have renewed investor demand for gold, which typically benefits when borrowing costs decline.

Moreover, gold also benefits from rising geopolitical and economic uncertainty. Fed officials continue to express concern over the labor market, reinforcing the case for policy easing. With interest rates expected to remain low, the bullish momentum may persist into early 2026.

Gold Technical Analysis
The daily chart for spot gold shows that the price has been trading within an ascending broadening wedge pattern since the bottom in August 2025. The correction from the record high of $4,380 found strong support at the lower boundary of this ascending wedge.

The price has also formed a symmetrical triangle within the ascending broadening wedge pattern. A breakout from this symmetrical triangle will likely introduce fresh buying pressure and could push the gold price toward the $4,400–$5,000 region.

The symmetrical triangle in spot gold is also visible on the 4-hour chart. It is observed that the price is consolidating near the edge of the pattern. A breakout above $4,250 will signal renewed bullish momentum and confirm the next upward move.

Silver Technical Analysis
The daily chart for spot silver (XAG) shows strong bullish momentum as the price has tested the 50-day SMA for the second time since correcting from the record high of $54.40. The rebound from the 50-day SMA has triggered fresh buying pressure in the spot silver market. This fresh buying is pushing the price back toward the record level near $54.50. The RSI continues to consolidate above the midpoint, indicating further upside in the coming days and weeks.

The 4-hour chart for spot silver also shows strong bullish price action. The price has formed an inverted head‑and‑shoulders pattern above the $45.80 level. The recent correction tested support at $49.30, which corresponds to the neckline of the pattern, before rebounding sharply higher. This rebound from $49.30 is constructive and indicates further upside in the short term.

US Dollar Index Technical Analysis
The daily chart for the USD Index shows intense negative price action at the long-term resistance level of 100.50. The index is dropping after failing to break higher from the 100.50 level. As long as this key resistance holds, the overall direction of the USD Index remains bearish. Moreover, the RSI is retreating from its resistance zone, which signals continued short-term weakness.

The 4-hour chart below further confirms that the USD Index failed to break the strong resistance at 100.50 and continues to move lower. A break below the 98 level would signal further downside toward the 96.50 area. If the index falls below 96.50, it could trigger a sharper decline toward the 90 level.

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Muhammad Umair is a finance MBA and engineering PhD. As a seasoned financial analyst specializing in currencies and precious metals, he combines his multidisciplinary academic background to deliver a data-driven, contrarian perspective. As founder of Gold Predictors, he leads a team providing advanced market analytics, quantitative research, and refined precious metals trading strategies.

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November 25, 2025 9:36 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 25, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CarMax, Inc. (NYSE: KMX) between June 20, 2025 and November 5, 2025, both dates inclusive (the "Class Period") of the important January 2, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

SO WHAT: If you purchased CarMax securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 2, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner 90Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed 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.

To join the CarMax class action, go to https://rosenlegal.com/submit-form/?case_id=47077 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Attorney Advertising. Prior results do not guarantee a similar outcome.

-------------------------------

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275945

Campbell’s CPB -0.62%decrease; red down pointing triangle said it placed an executive on temporary leave after he was allegedly caught on tape saying the company made “highly processed food” for “poor people.”

The company defended the ingredients it uses in its products and said it was investigating the allegations against Martin Bally, its vice president of information technology.

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Ambarella, Inc. (AMBA) Q3 2026 Earnings Call November 25, 2025 4:30 PM EST

Company Participants

Louis Gerhardy - Vice President of Corporate Development
Fermi Wang - Co-Founder, President, CEO & Executive Chairman
John Young - Chief Financial Officer

Conference Call Participants

Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
Ross Seymore - Deutsche Bank AG, Research Division
Joseph Moore - Morgan Stanley, Research Division
Christopher Rolland - Susquehanna Financial Group, LLLP, Research Division
Sujeeva De Silva - ROTH Capital Partners, LLC, Research Division
Martin Yang - Oppenheimer & Co. Inc., Research Division
Quinn Bolton - Needham & Company, LLC, Research Division
Kevin Cassidy - Rosenblatt Securities Inc., Research Division

Presentation

Operator

Good day, and thank you for standing by, and welcome to the Ambarella's Third Quarter Fiscal Year 2026 Earnings Conference Call. [Operator Instructions]. Please be advised that today's call is being recorded.

I would now like to hand the call over to your speaker, Louis Gerhardy, Vice President, Corporate Development. Please go ahead.

Louis Gerhardy
Vice President of Corporate Development

Thank you, Victor. Good afternoon, and thank you for joining our third quarter fiscal year 2026 Financial Results Conference Call. On the call with me today is Dr. Fermi Wang, President and CEO; and John Young, CFO. The primary purpose of today's call is to provide you with information regarding the results for our third quarter fiscal year 2026. The discussions today and the responses to your questions will contain forward-looking statements regarding our projected financial results, financial prospects, market growth and demand for our solutions, among other things.

These statements are based on currently available information and are subject to risks, uncertainties and assumptions. Should any of these risks or uncertainties materialize or should our assumptions prove to be incorrect, our actual results could differ materially from these forward-looking statements. We're under no obligation to update these

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DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview
Grayscale’s GDOG ETF Ignites Fresh Institutional Demand
The biggest catalyst of the week is the debut of Grayscale’s GDOG, the first U.S. spot Dogecoin ETF, an unprecedented milestone for any memecoin. Listed on NYSE Arca with a temporary 0% fee for the first $1 billion in assets, GDOG offers regulated exposure to DOGE without the need for wallets or direct custody.

Early inflows have already surpassed expectations, signaling significant institutional interest ahead of fierce competition from Bitwise, which is launching its own Dogecoin ETF, BWOW, later in the week.

The ETF arrival comes as Dogecoin maintains its position among the top 10 cryptos, boasting billions in daily trading volume and a market capitalization rivaling that of established traditional companies.

Analysts note that ETF access could unlock new capital from retirement accounts, advisory firms, and institutions that have been previously restricted from buying the asset directly, potentially reshaping DOGE’s liquidity profile.

Dogecoin Price Momentum Builds as On-Chain Activity Surges
DOGE’s price climbed over 2% to trade around $0.15, breaking short-term resistance as volumes exceeded $1.5 billion.

On-chain data shows more than 1.5 million daily transactions, reflecting heightened network usage driven by low fees and rapid confirmation speeds. Technical indicators also reinforce the bullish turn, as the RSI has rebounded from oversold territory, while support at the $0.13 zone remains intact.

Market watchers say a move toward $0.18 is possible if ETF inflows remain strong. The long-monitored $0.17–$0.16 support cluster remains the key downside zone that bulls must defend to maintain control.

Memecoin Era Strengthens as DOGE Enters Regulated Finance
Dogecoin’s ETF debut is more than a market event. It’s a cultural benchmark that cements the evolution of memecoins from online jokes to regulated financial instruments.

With Grayscale securing first-mover advantage and Bitwise close behind, Wall Street has formally opened the door to a new class of assets powered by community identity rather than traditional fundamentals.

As ecosystem upgrades continue, ranging from payment integrations to emerging DeFi utilities, Dogecoin’s breakout moment suggests that the memecoin market is entering a new chapter. With on-chain strength rising and institutional access expanding, DOGE may be preparing for a major run once again.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

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Bitcoin’s (BTC) latest rebound from a seven-month low has revived debate over whether the market is nearing a deeper downturn or preparing for a fresh reversal.

With the price hovering around the $87,000 range after a brief dip to $81,000, on-chain data, macro shifts, and ETF flows are painting a picture of both caution and opportunity.

BTC's price trends to the downside on the daily chart. Source: BTCUSD on Tradingview
Whales Accumulate as Retail Capitulates
New on-chain figures from Santiment reveal a sharp divergence between large and small Bitcoin holders.

Since November 11, wallets holding at least 100 BTC have surged, adding 91 new large addresses even as prices trended downward. This growing whale accumulation has historically appeared near long-term market bottoms, suggesting that strategic buying occurs during periods of weakness.

Conversely, wallets holding 0.1 BTC or less continue to decline, reflecting elevated fear among retail investors.

Santiment notes that heavy retail selling often sets the stage for later recoveries, once large entities absorb the supply and market pressure eases. The pattern mirrors earlier cycles in which deeper retail capitulation preceded major trend reversals.

Mixed Bitcoin (BTC) Technical Signals
Several key indicators are offering conflicting signals on Bitcoin’s next move. CryptoQuant data indicate that Bitcoin’s Sharpe Ratio is dipping into its “green zone,” suggesting that risk-adjusted returns are becoming more attractive, similar to levels observed before major uptrends in 2019, 2020, and 2022.

Capriole Investments’ “Bitcoin Heater” metric has also returned to deep green, suggesting strong potential for upside movement.

Yet not all metrics signal immediate recovery. The aSOPR (Adjusted Spent Output Profit Ratio), a reliable cyclical indicator, has spent nearly two years consolidating without reaching the “red line” levels that marked tops in previous bull runs.

Analysts warn that a decisive breakout of this long consolidation pattern is imminent, though the direction remains unknown.

Macro Forces and ETF Outflows Fuel Uncertainty
Arthur Hayes believes that Bitcoin may retest the low $80,000s but expects the $80K level to hold as firm support, especially as the Federal Reserve ends quantitative tightening on December 1.

Markets are also pricing in a 77% chance of an interest rate cut at the December 9–10 meeting, driving renewed optimism across risk assets.

However, institutional flows tell a different story. BlackRock’s Bitcoin ETF has recorded a staggering $2.35 billion in withdrawals this month, its largest outflow since launch. The wave of redemptions underscores weakening confidence among big-money players amid price volatility and macro uncertainty.

Even so, Bitcoin’s recent 1.3% recovery to $88K, alongside strong rebounds in Ethereum, XRP, and major altcoins, shows that buyers are stepping back in.

Analysts warn that volatility will remain elevated, however, if whale accumulation continues and macroeconomic conditions ease, Bitcoin may yet defend the crucial $80K support and attempt another push toward the $90K barrier.

Cover image from ChatGPT, BTCUSD chart from Tradingview

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Kraken is expanding its consumer offerings with the launch of a new Bitcoin rewards debit card designed for users in the European Union and the United Kingdom. The Krak Card, powered by the Mastercard network, gives users 1% cash back on every purchase, with rewards paid in Bitcoin or their local fiat currency. The card integrates directly with the Krak peer-to-peer payments app, enabling seamless global payments using more than 400 supported digital assets at any Mastercard-accepted merchant.

According to Kraken’s Global Head of Consumer Mark Greenberg, the company aims to make everyday spending more flexible by treating “everything as money.” With the Krak Card, users can choose which assets to spend first through a customizable spend order. If one balance is insufficient, the Krak app automatically merges multiple assets to complete a transaction. For instance, if a user purchases a $100 item but only holds $75 in Bitcoin, the remaining $25 can be drawn from their Solana or Ethereum balance.

The card has no monthly or annual fees, though a spread fee applies when the app must sell assets to finalize a transaction. Kraken plans to expand the card to additional regions soon, with long-term goals including more card options, boosted rewards, and future credit products. A Kraken spokesperson also confirmed ambitions to bring the offering to U.S. users.

The Krak App, launched in June as a rival to Venmo and Cash App, has already surpassed 450,000 downloads across 130+ countries. The Bitcoin rewards debit card launch comes shortly after Kraken confidentially filed an S-1 ahead of a potential IPO and secured an $800 million raise at a $20 billion valuation.

Competition in crypto-based rewards is heating up, with exchanges like Coinbase and Gemini offering Bitcoin reward credit cards boasting up to 4% cashback. Kraken’s new card positions the company to strengthen its footprint in the growing digital payments and crypto rewards market.

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Solana ETFs have recorded consecutive weekly inflows, reaching a new cumulative record of $58M as institutional demand strengthens even while BTC and ETH ETFs see outflows.