Market Signal Briefing

In the most recent quarter, AVPT's revenue climbed by 23.56% y/y to $109.7 million; profitability for the period improved, with operating income margin expanding to 10.09% from 8.62% last year. AVPT is set to benefit from the AI-driven data explosion, as enterprises increasingly outsource data governance and compliance needs. AVPT aims to diversify beyond Microsoft, targeting 30% of revenue from non-Microsoft products by FY2029 and expanding its channel partner ecosystem.

, /PRNewswire/ -- Maxion Tech Co., Ltd. is excited to announce that the Closed Beta Test (CBT) for Ragnarok Online Landverse America—officially licensed from GRAVITY Co., Ltd. (NasdaqGM: GRVY) will take place from November 20 to November 26, 2025.

This CBT offers players the first opportunity to experience how the legendary Ragnarok Online universe has been reimagined for the Web3 era, combining nostalgic MMORPG gameplay with blockchain-based item ownership and a truly player-driven economy. Participants will be able to preview core systems, test game balance, and explore enhanced Web3 features ahead of the official launch.

Alongside the CBT, Pre-Registration and Pre-Sale events are also open from November 13 to December 10, 2025, allowing players to secure exclusive items and rewards before the December 11 grand launch.

Experience the Game Early in the Closed Beta Test

During the CBT period (Nov 20–26 Starting on 9AM GMT+7), players can explore an expansive fantasy world filled with classic Ragnarok charm enhanced by next-generation systems, including:

Nostalgic Ragnarok Online PC gameplay infused with Web3 features, crypto, and NFTs
A fair and secure Play-to-Earn ecosystem featuring true digital ownership
A reimagined MMORPG structure built on blockchain infrastructure
The CBT will focus on early gameplay progression, class testing, player economy behavior, and server performance, giving participants a meaningful first look at the upcoming launch version.

Pre-Registration & Pre-Sale (Nov 13 – Dec 10, 2025)

While CBT takes the spotlight, players can also join the ongoing Pre-Registration event to unlock milestone rewards such as:

Rainbow Poring Hat
Token of Siegfried
Adamantine Blessing
[Event] Pet Scroll
…and more.
Through the Pre-Sale, early supporters may purchase exclusive in-game packages and prepare items in advance of launch.
Pre-register now at: https://rola.maxion.gg/pre-register

Event Timeline

Closed Beta Test: November 20 – November 26, 2025
Pre-Registration: November 13 – December 10, 2025
Pre-Sale: November 13 – December 10, 2025
Official Launch: December 11, 2025

How to Join the CBT

Everyone can join the CBT

Visit https://rola.maxion.gg/
Download the client (official sns will be post later if it's ready to download)
Open client and play
Stay Connected

Website: https://rola.maxion.gg
Facebook: https://www.facebook.com/ROLAmericas
X: https://x.com/ROLAmericas
Discord: https://discord.com/invite/ArndECVJrn

About Maxion Tech Co., Ltd.

Founded in 2021, Maxion Tech is a global game-tech company specializing in Web3 and blockchain-based interactive entertainment. Maxion collaborates with global partners to integrate digital ownership and decentralized economies into next-generation gamig experiences.

About Gravity Co., Ltd.

Established in April 2000 and listed on the Nasdaq Global Market (GRVY), Gravity is a leading global game company best known for its flagship MMORPG, Ragnarok Online, and continues to expand worldwide with diverse online and mobile titles.

SOURCE Maxion Tech Co., ltd.

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.

Insignia Financial Ltd. (OTCPK:IOOFF) Shareholder/Analyst Call November 19, 2025 5:30 PM EST Company Participants Allan Griffiths Scott Hartley - CEO & Executive Director Joseph Volpe - Company Secretary Michelle Somerville Conference Call Participants David Kingston Meena Wahi Presentation Allan Griffiths [Audio Gap] people of the Kulin Nation and pay my respects to Aboriginal and Torres Strait Islander people, and their cultures to Elders past and present.

November 19, 2025 23:28 ET

 | Source:

NEXT Properties

Mexico, Nov. 19, 2025 (GLOBE NEWSWIRE) -- TRUST 2401, a trust formed under the laws of the United Mexican States (“NEXT Properties” or the “New Issuer”) hereby announces the early tender results of its six separate offers commenced on November 5, 2025 to exchange six series of currently outstanding senior notes, as described below, issued by Trust 1401, a trust formed under the laws of the United Mexican States (“Fibra Uno”) for new senior notes to be issued by NEXT Properties, upon the terms and subject to the conditions set forth in the exchange offer memorandum dated November 5, 2025 (the “Exchange Offer Memorandum”). Capitalized terms not defined herein shall have the meaning assigned to them in the Exchange Offer Memorandum.

As of November 19, 2025 at 5:00 p.m., New York City time (the “Early Tender Date”) the following amounts had been properly tendered and not withdrawn and, subject to the satisfaction or waiver of the conditions set forth in the Exchange Offer Memorandum and in accordance with the Maximum Exchange Amounts, NEXT Properties has accepted the following for exchange under the Exchange Offers:

CUSIP/ISIN of FUNO NotesTitle of FUNO Notes
to be tendered Total
Amount OutstandingExchange Amount Tendered by HoldersExchange Amount to be acceptedProration Factor(1)Title of New Notes to be issued by Next PropertiesTotal
Consideration (in principal amount of the applicable series of New Notes)144A: 898339 AA4 / US898339AA49Reg. S: P9401C AA0 / USP9401CAA01

4.869% Senior Notes due 2030US$775,000,000US$562,766,000US$387,500,00065.97%4.869% Senior Notes due 2030US$387,500,000144A: 89834J AB9 / US89834JAB98Reg. S: P9401J AB3 / USP9401JAB37

7.700% Senior Sustainability-Linked Notes due 2032US$500,000,000US$448,572,000US$154,000,00033.73%7.700% Senior Sustainability-Linked Notes due 2032US$154,000,000144A:89834J AA1 / US89834JAA16Reg S: P9401J AA5/ USP9401JAA53

7.375% Senior Green Notes due 2034US$600,000,000US$398,008,000US$300,000,00071.24%7.375% Senior Green Notes due 2034US$300,000,000144A: 89834J AC7/ US89834JAC71Reg S: P9401J AC1 / USP9401JAC10

8.250% Senior Sustainability-Linked Notes due 2037US$300,000,000US$245,974,000US$245,974,000N/A7.700% Senior Sustainability-Linked Notes due 2032US$255,812,960144A: 898324 AB4 / US898324AB45Reg. S: P9406G AB4 / USP9406GAB43

6.950% Senior Notes due 2044US$700,000,000US$431,461,000US$350,000,00078.47%6.950% Senior Notes due 2044US$350,000,000144A: 898339 AB2 / US898339AB22Reg. S: P9401C AB8 / USP9401CAB83

6.390% Senior Notes due 2050US$875,000,000US$640,128.000US$437,500,00066.31%6.390% Senior Notes due 2050US$437,500,000 (1) Proration factor has been rounded for presentation purposes.

NEXT Properties expects the Early Settlement Date to be on or shortly after December 3, 2025, on which date it is expected to pay the Total Consideration for the FUNO Notes validly tendered on or before the Early Tender Date and accepted for exchange, together with the Accrued Interest Payment.

As indicated in the table above, considering that the principal amounts of FUNO Notes tendered under some of the Exchange Offers have exceeded the Maximum Exchange Amounts applicable to such Exchange Offers, the New Issuer will prorate the acceptance of such FUNO Notes, so that the Exchange Offers do not exceed such Maximum Exchange Amounts. Because the Exchange Offers other than the 2037 Exchange Offer were oversubscribed, NEXT Properties also expresses its intention not to accept any additional tenders of FUNO Notes under the Exchange Offers after the Early Tender Date, other than with respect to the 2037 Exchange Offer. The New Issuer has also resolved to increase the Maximum Exchange Amount applicable to the 2032 Exchange Offer from US$150,000,000 to US$154,000,000.

The Withdrawal Deadline expired on November 19, 2025 at 5:00 p.m., New York time. The FUNO Notes validly tendered pursuant to the Exchange Offers may no longer be withdrawn, and any FUNO Notes tendered on or after the date hereof and prior to the Expiration Date may not be withdrawn.

The Exchange Offers will expire at 5:00 p.m., New York City time, on December 5, 2025, unless extended by NEXT Properties.

The consummation of each Exchange Offer is subject to the satisfaction or waiver of certain conditions as set forth in the Exchange Offer Memorandum (see the “Conditions of the Exchange Offers” section in the Exchange Offer Memorandum).

None of the Exchange Offers nor the New Notes have been approved or recommended by any regulatory authority. Furthermore, no regulatory authority has been requested to confirm the accuracy or adequacy of the Exchange Offer Memorandum. Any representation to the contrary is a criminal offense. The New Notes will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws. Accordingly, the New Notes will be subject to restrictions on transferability and resale and may not be transferred or resold except as permitted under the Securities Act and other applicable securities laws, pursuant to registration or exemption therefrom.

The Exchange Offers are being made, and the New Notes are being offered and will be issued for exchange only (1) to Qualified Institutional Buyers (within the meaning of Rule 144A under the Securities Act) and (2) to holders of FUNO Notes outside of the United States (i) who are persons other than “U.S. persons” as defined in Regulation S under the Securities Act, who are not acquiring New Notes for the account or benefit of a U.S. person, or (ii) who are a “Non-U.S. qualified offeree” (as defined under “Transfer Restrictions” in the Exchange Offer Memorandum). The holders of FUNO Notes who have certified to the New Issuer that they are eligible to participate in the Exchange Offer pursuant to the foregoing conditions are referred to as “Eligible Holders.”

The New Issuer has retained BBVA Securities Inc., Citigroup Global Markets Inc. and J.P. Morgan Securities LLC to act as dealer managers in connection with the Exchange Offers.

D.F. King & Co., Inc. has been appointed as the exchange and information agent in connection with the Exchange Offers. Questions or requests for assistance related to the Exchange Offer or for additional copies of the Exchange Offer Memorandum may be directed to D.F. King & Co., Inc. to its offices located at 28 Liberty Street, 53rd Floor, New York, NY 10005 USA; Banks and brokers, call: +1-212-931-0870; All others, call U.S. toll-free: (800) 967-5084; Email: [email protected]; Eligibility website: www.dfking.com/funo-next.

______________________

The New Notes have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States or to or for the account or benefit of U.S. persons except pursuant to an exemption from such registration. The New Notes are being offered for exchange only (1) to Qualified Institutional Buyers (within the meaning of Rule 144A under the Securities Act and (2) to holders of FUNO Notes outside of the United States  (i) who are persons other than “U.S. persons” as defined in Regulation S under the Securities Act, who are not acquiring New Notes for the account or benefit of a U.S. person or (ii) who are a "Non-U.S. qualified offeree (as defined under “Transfer Restrictions” in the Exchange Offer Memorandum). For a description of eligible offerees and certain restrictions on transfer of the New Notes, see the section titled “Transfer Restrictions” in the Exchange Offer Memorandum. The New Notes are being offered pursuant to an exemption from the requirement to publish a prospectus under the Regulation (EU) 2017/1129 (as amended and supplemented from time to time, or the “Prospectus Regulation”), of the European Union, and the Exchange Offer Memorandum has not been approved by a competent authority within the meaning of the Prospectus Regulation. The New Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”).

Neither the Exchange Offers nor the New Notes have been, nor will be, registered with the Mexican National Securities Registry (Registro Nacional de Valores) maintained by the Mexican National Banking and Securities Commission (Comisión Nacional Bancaria y de Valores, or “CNBV”), and may not be offered or sold publicly, or otherwise be subject to brokerage activities, in Mexico, except pursuant to a private placement exemption set forth under Article 8 of the Mexican Securities Market Law (Ley del Mercado de Valores), to institutional or qualified investors domiciled in Mexico as required under the Mexican Securities Market Law (Ley del Mercado de Valores). Notice to be given to CNBV for informational purposes only and receipt thereof by, will not constitute or imply a certification as to the investment quality of the New Notes, the New Issuer´s solvency, liquidity or credit quality or the accuracy or completeness or the information contained in this notice or in the Exchange Offer Memorandum and does not ratify or validate any actions or omissions, if any, in contravention of applicable law. This notice and the Exchange Offer Memorandum are solely NEXT Properties’ responsibility and have not been reviewed or authorized by the CNBV.

This announcement is for informational purposes only. This announcement shall not constitute an offer to sell or buy or the solicitation of an offer to buy or sell any securities, nor shall there be any offer, solicitation or sale of any securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful. The Exchange Offers are being made solely pursuant to the Exchange Offer Memorandum. No recommendation is made as to whether the Eligible Holders of FUNO Notes should tender their FUNO Notes for exchange in the Exchange Offers. Any person considering making an investment decision relating to the New Notes must inform itself independently based solely on the Exchange Offer Memorandum to be made available to Eligible Holders in connection with the Exchange Offers before taking any such investment decision.

Application will be made for the Exchange Offer Memorandum to be approved by Euronext Dublin and to admit the New Notes to the Official List and to trading on the global exchange market of Euronext Dublin. In making an investment decision, all investors, including any Mexican citizen who may acquire New Notes from time to time, must rely on their own examination of the New Issuer.

********

The forward-looking statements contained in this press release reflect NEXT Properties’ beliefs, assumptions and expectations of NEXT Properties’ future performance, taking into account all information currently available to NEXT Properties. These beliefs, assumptions and expectations are subject to risks and uncertainties and can change as a result of many possible events or factors, not all of which are known to NEXT Properties. Some of these factors are described in “Summary,” “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business and Properties” of the Exchange Offer Memorandum. If a change occurs, NEXT Properties’ business, financial condition, liquidity and results of operations may vary materially from those expressed in NEXT Properties’ forward-looking statements. Any forward-looking statement speaks only as of the date on which it is made. New risks and uncertainties arise over time, and it is not possible for NEXT Properties to predict those events or how they may affect NEXT Properties. NEXT Properties disclaims any obligation to publicly update or revise any forward-looking statements to reflect changes in underlying assumptions or factors, new information, future events or other changes.

Hansen Technologies Limited (OTCPK:HANOF) Shareholder/Analyst Call November 19, 2025 7:01 PM EST Company Participants David Trude Andrew Hansen - Global CEO, MD & Director Julia Chand - Global General Counsel & Company Secretary Conversation David Trude I do apologize to everyone, but there's a slight glitch, which has now been hopefully rectified. Good morning, ladies and gentlemen.

“There has been a lot of talk about an AI Bubble. We see something different.”

The Asian equity markets rallied in morning trading, joining US equity futures in positive territory. Notably, the Nikkei 225 led the gains, soaring 3.06% to break above 50,000. A weaker Japanese yen added to the morning gains amid concerns about the Japanese Prime Minister’s fiscal policy goals.

USD/JPY Soars, Fueling Yen Carry Trades
The overnight FOMC Meeting Minutes signaled division among policymakers over a December rate cut. Concerns about inflation collided with reports of further delays to key US jobs data, sinking bets on further monetary policy easing. According to the CME FedWatch Tool, the chances of a December cut fell from 50.1% on November 18 to 32.8% on November 19.

Fading expectations for a December Fed rate cut collided with concerns about Prime Minister Sanae Takaichi’s fiscal stimulus plans, sending USD/JPY to a 10-month high of 157.474 in morning trading. The weaker yen fueled the carry trade into risk assets, including US stock futures. Bullish sentiment overshadowed concerns about the Fed rate path.

Agu Kantsler

Okay. We're good to go. Sorry, ladies and gentlemen, we're having far too much of a good time over there and almost lost track of the time. So good morning, and welcome to the 2025 Annual General Meeting of Central Petroleum Limited. I'm Agu Kantsler, and I'm the Chair of Central Petroleum Limited. I'll be chairing the meeting today in accordance with the company's constitution. In accordance with the Corporations Act, today's AGM is being held in person here at the Christie Conference Spaces in Brisbane and as a virtual online meeting via the Computershare meeting platform.

Before we start our official proceedings, for those in attendance here, I ask you please to note the emergency exit for this room is via the entrance to my right. Please note the basic fire and evacuation procedures, which we have put up on the screen. In the event of an emergency, please follow the directions of the Christie Conference Spaces' staff.

I also wish to advise all of those attending that these proceedings are being audio recorded. It's now slightly after 10:00 a.m., and I've been informed by the Company Secretary that a quorum is present, so I declare the Annual General Meeting properly constituted and open.

As this meeting is being held both in person and virtually, there are a number of process matters, which I would like to bring to your attention. Firstly, for those shareholders and proxy holders who are online, your questions can be submitted at any time. To ask a question, select the Q&A icon. Type your question into the text box. Once you've finished typing, please hit the send button. To ask an audio

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.

New delivery model and cyber resilience framework will reduce manual interventions and operational expenses

, /PRNewswire/ -- Kyndryl (NYSE: KD), a leading provider of mission-critical enterprise technology services, today announced a three-year partnership renewal with Vodafone Idea (Vi), India's leading telecom operator. This collaboration will transform Vi's IT operations delivery, streamline application operations management and provide a unified and integrated cyber resilience framework. 

As part of the extended agreement with Vi, Kyndryl will build and deliver a cyber resilience framework focused on security governance, zero-touch services, data protection, identity and access management, security operations and incident recovery services. Kyndryl will also redesign Vi's cybersecurity architecture to further enhance compliance for anticipated future regulatory frameworks. By strengthening the cybersecurity posture and reducing manual interventions, Kyndryl will mitigate the impact of security disruptions by providing early visibility into threats and vulnerabilities and faster recovery of critical business data.

Kyndryl will also deploy a next-generation IT Ops delivery model based on advanced automation and data-driven insights. This modernized approach will help Vi transition data insights and automation to advance the platform capabilities to a zero-touch delivery framework, significantly enhancing service delivery. Kyndryl will drive large transformation projects in backup, storage management and continuous data protection (CDP) that will provide Vi with enhanced operational agility and reduce costs. 

Vi will continue to leverage Kyndryl Bridge, Kyndryl's AI-powered open integration platform, to accelerate operational improvements through automation and deep, data-driven insights. To date, Kyndryl Bridge has deployed more than 1,000 unique automations at Vi to reduce delivery event noise by 15 percent and provide unified business services observability. Kyndryl Bridge generates more than 15 million AI-enabled insights each month, enabling more than 1,200 customers around the world to proactively run and transform their IT estates. Kyndryl continues to invest in Kyndryl Bridge to further enhance its quality of services and enable greater profitability and faster growth for customers across industries.

"At Vi, our focus is on building a resilient, scalable and intelligent IT backbone that can support rapid innovation and business agility," said Jagbir Singh, CTO, Vi. "Our partnership with Kyndryl enables us to leverage advanced automation, AI-driven insights and a zero-touch operations model to optimize our IT infrastructure. This collaboration is a strategic step forward in aligning our technology investments with long-term business objectives and delivering greater value to our customers."

"We're proud that Vodafone India has recognized Kyndryl's core expertise in managing mission-critical systems and delivering complex transformations through this extended partnership," said Lingraju Sawkar, President, Kyndryl India. "Our deep understanding of Vodafone India's business priorities has enabled us to consistently deliver innovations that have strengthened its IT and digital backbone, while driving business agility and operational efficiencies."

As telecom organizations in India and around the world focus on automation, data, cloud and network transformation to stay competitive, Kyndryl remains at the forefront of delivering integrated solutions across IT infrastructure, network management and security services, as well as big data, AI and automation solutions. 

Kyndryl's long-standing partnership with Vi has been pivotal in enabling seamless technology integration and IT transformation. This includes managing the integration of two separate entities to form Vodafone Idea Limited, ensuring zero impact during the COVID-19 pandemic with an agile, structured pandemic Business Continuity Plan (BCP) and driving 26 consolidation projects in record time to enhance key business functions.

With this extended collaboration, Vi is poised to further align its IT strategy with business objectives, maximize return on IT investments and reduce time-to-market for new digital services and products.

About Vodafone Idea Limited
Vodafone Idea Limited is an Aditya Birla Group and Vodafone Group partnership. It is amongst India's leading telecom service providers. The company holds a large spectrum portfolio including mid band 5G spectrum in 17 circles and mmWave spectrum in 16 circles. The Company provides Voice and Data services across 2G, 4G and 5G platforms and is expanding 5G services across 17 circles. To support the growing demand for data and voice, the Company is committed to delivering delightful customer experiences and contributing towards creating a truly 'Digital India' by enabling millions of citizens to connect and build a better tomorrow. The Company is developing infrastructure to introduce newer and smarter technologies, making both retail and enterprise customers future ready with innovative offerings, conveniently accessible through an ecosystem of digital channels as well as extensive on-ground presence. The Company's equity shares are listed on National Stock Exchange (NSE) and the BSE in India. The company offers products and services to its customers in India under the TM Brand name "Vi".   For more information, please visit: www.MyVi.in

About Kyndryl
Kyndryl (NYSE: KD) is a leading provider of mission-critical enterprise technology services, offering advisory, implementation and managed service capabilities to thousands of customers in more than 60 countries. As the world's largest IT infrastructure services provider, the company designs, builds, manages and modernizes the complex information systems that the world depends on every day. For more information, visit  www.kyndryl.com.

Forward-looking statements
This press-release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements often contain words such as "will," "anticipate," "predict," "project," "plan," "forecast," "estimate," "expect," "intend," "target," "may," "should," "would," "could," "outlook" and other similar words or expressions or the negative thereof or other variations thereon. All statements, other than statements of historical fact, including without limitation statements representing management's beliefs about future events, transactions, strategies, operations and financial results, may be forward-looking statements. These statements do not guarantee future performance and speak only as of the date of this press release and the company does not undertake to update its forward-looking statements. Actual outcomes or results may differ materially from those suggested by forward-looking statements as a result of risks and uncertainties including those described in the "Risk Factors" section of the company's most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission.

Kyndryl press contact
[email protected]

SOURCE Kyndryl

Walmart will report fiscal third-quarter earnings before the bell on Thursday and give the latest read on consumer spending as the retail industry heads into the holiday season.

Here's what Wall Street expects for the company's fiscal third quarter, according to a survey of analysts by LSEG:

Earnings per share: 60 cents expectedRevenue: $177.43 billion expectedThe retail giant, which draws shoppers across incomes, is well-positioned to give a snapshot of U.S. consumer health and the impact of short-term factors that may have colored the quarter. As the nation's largest grocer, it has many shoppers who receive Supplemental Nutrition Assistance Program, or SNAP, benefits, formerly known as food stamps. Recipients stopped receiving that aid during the prolonged government shutdown.

Walmart has gained more high-income customers as even affluent households sought relief from pricier grocery bills and responded to store remodels and faster deliveries. And it can speak to consumer behavior across categories, since it sells discretionary items like makeup and clothes along with necessities like milk and toilet paper.

Walmart raised its full-year sales and profit forecast in August. At the time, the retailer said it expects net sales to rise between 3.75% and 4.75% for the fiscal year and its adjusted earnings per share to range from $2.52 to $2.62.

Back in August, Walmart CFO John David Rainey told CNBC that the big-box retailer had not noticed meaningful changes in consumer behavior, saying at the time that shoppers "continue to be very resilient."

Walmart's financial results on Thursday will follow cautious updates from Target, Home Depot and Lowe's. All three of those retailers lowered their full-year profit outlook this week and referred to consumers who were hesitant to make big purchases and hungry for deals. T.J. Maxx and Marshalls parent company TJX, on the other hand, hiked its full-year forecast, saying it's seeing a "strong start" to the holidays as it caters to value-conscious shoppers.

Read more

Walmart's earnings report will be the first since the Arkansas-based big-box retailer announced a leadership change. Walmart announced last week that John Furner, the CEO of Walmart's U.S. business, will succeed longtime CEO Doug McMillon on Feb. 1.

McMillon's tenure has been marked by sharp stock gains and e-commerce growth. During his years as CEO, shares of Walmart are up by more than 300%.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of HUBB 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.

BlackRock has set up a new Delaware trust that could open the door to a staking-based Ethereum exchange-traded fund.

Summary

BlackRock formed the iShares Staked Ethereum Trust ETF on Nov.19 in Delaware.
The filing is an early step toward a potential staking-enabled Ethereum fund.
The move follows rising interest in yield-focused ETH ETFs among major issuers.

BlackRock has taken another step into Ethereum’s staking ecosystem by registering the iShares Staked Ethereum Trust ETF as a new statutory trust in Delaware.

Records from the Delaware Division of Corporations show the trust was officially formed through a filing on Nov. 19. 

A new setup for a staking-focused ETH product
While the listing does not include product documentation, the entity record is publicly available through the state’s search portal. Daniel Schweiger, a Wilmington-based BlackRock managing director who oversaw the registration of the iShares Ethereum Trust in late 2023, handled the filing.

The new trust was registered under the Securities Act of 1933, which requires detailed disclosures before a product can be offered to the public.

This step is a foundation, not a full Securities and Exchange Commission submission. BlackRock would still need to file a Form S-1 with the U.S. SEC. The firm has not shared a timeline and declined to comment when asked by reporters.

Delaware is a common home for U.S. financial entities due to its business laws and corporate system. Many ETF issuers choose the state for early-stage registrations, and BlackRock often uses the same approach when preparing new products.

How it fits into BlackRock’s ETF strategy
The new trust sits alongside ETHA, BlackRock’s spot Ethereum (ETH) ETF launched in July 2024. ETHA has drawn more than $13 billion in inflows and does not stake its ETH.

In July 2025, Nasdaq filed a Form 19b-4 to allow ETHA to stake ETH with approved validators. In addition to addressing concerns like custody, slashing penalties, and liquidity when unstaking, that update would allow the fund to earn staking rewards. 

Annual rewards from Ethereum staking usually fall between 3-5%. Issuers proposing staking features must explain how they choose validators, how rewards are tracked, and how they handle locked ETH. These points are central in SEC reviews.

Momentum across the ETF market
BlackRock’s move fits into a wave of new staking-focused ETF developments. Grayscale received approval in October 2025 to add staking to ETHE and its Mini Trust ETF, becoming the first 1933 Act Ethereum funds allowed to earn rewards.

Other firms like Fidelity, 21Shares, Franklin Templeton, and REX-Osprey have filed similar updates. REX-Osprey already offers a staked Solana (SOL) ETF and introduced a staked ETH version in September.

BlackRock’s head of digital assets, Robert Mitchnick, said in a Nov. 19 interview that staking features could draw $10–20 billion in new capital by mid-2026. ETF analysts expect new staking products to lock up a meaningful share of ETH, which could shape market liquidity and long-term supply.

Attention now turns to BlackRock’s possible S-1 filing, which would mark the next step toward a yield-bearing Ethereum ETF.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

XRP is under heavy selling pressure as fear spreads across the crypto market, pushing sentiment into one of its most fragile stages of the cycle. What was once a euphoric rally earlier this year has steadily shifted into denial among long-term holders — and now anxiety is beginning to dominate. With XRP flirting dangerously with a drop below the $2 mark, investors are watching closely, aware that this level carries major psychological and structural weight.

For now, XRP has managed to hold above $2, but the defense of this threshold is becoming increasingly difficult as liquidity thins and macro uncertainty intensifies. A break below this zone could trigger a deeper reset, while a successful rebound would reinforce it as a key long-term demand area.

This shift in sentiment is also reflected in on-chain metrics: long-term holders, previously sitting comfortably in profit, are now watching their unrealized gains compress. Historically, transitions from euphoria to denial and into anxiety have often preceded major market inflection points, making the current moment especially significant.

XRP NUPL Signals Growing Market Anxiety
Analyst Ali Martinez shared new data showing that XRP’s Long-Term Holder Net Unrealized Profit/Loss (NUPL) has now dropped below 0.5 — a level that historically marks a transition from confidence to growing anxiety among holders.

NUPL measures the difference between the total unrealized profit and loss in the network, helping identify where investors stand emotionally within the market cycle. When NUPL is above 0.5, it typically reflects optimism or belief, often associated with rising prices and strong conviction. But when it falls below 0.5, sentiment weakens, indicating that investors are no longer comfortably in profit.

XRP Long-Term Holder NUPL | Source: Ali Martinez
XRP dipping below this threshold means a significant portion of the market is losing confidence as unrealized gains shrink. Investors who were previously sitting on sizable profits are now seeing those margins erode, pushing them into a more defensive psychological state. Historically, this signals that the market is shifting toward anxiety — a stage where many holders begin doubting whether upside momentum will return.

This decline in NUPL aligns with XRP’s current price behavior near the $2 support level, emphasizing how fragile the market has become. While anxiety can fuel panic selling, it has also marked the beginning of long-term accumulation phases in past cycles. The next move for XRP may depend on whether fear intensifies — or whether strong hands step in to absorb supply.

Testing Critical Support as Selling Pressure Deepens
XRP continues to trade under heavy selling pressure, with the chart showing a clear series of lower highs and persistent failures to reclaim key moving averages. The price is now hovering near $2.14, testing a crucial support zone that has repeatedly acted as a psychological and structural level for buyers throughout the year. Each attempt to break above the 50-day and 200-day moving averages has been met with rejection, signaling that momentum remains firmly on the side of the sellers.

XRP testing local demand | Source: XRPUSDT chart on TradingView
Volume has gradually increased during recent downswings, suggesting that the sell-offs are driven more by capitulation than simple profit-taking. The sharp decline toward $1.20 in October still stands out as a sign of extreme volatility and liquidity stress, and although XRP quickly recovered from that anomaly, it highlighted how fragile the market structure had become. Since then, price has failed to establish a sustained uptrend, instead forming a tighter and more compressed consolidation beneath the major moving averages.

If the $2 support level breaks decisively, XRP could revisit deeper liquidity pockets around $1.75–$1.90, where buyers previously stepped in during September. However, holding above $2 would keep the possibility of a recovery alive, especially if market sentiment stabilizes.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Cardano trades at $0.466 as RSI divergence and a TD Sequential 9 signal emerge. Whale selling and exchange outflows add mixed pressure.

Cardano (ADA) is showing early signs of a potential short-term shift. At the time of writing, the asset traded at $0.466, with a slight drop in the last 24 hours and an 18% decline over the past week.

While pressure on the asset remains, recent indicators suggest a pause in the current downtrend.

Technical Signals Show Change in Momentum
Analyst Ali Martinez reported a bullish divergence between ADA’s price and the Relative Strength Index (RSI). The price has continued to post lower lows, but the RSI is rising. This divergence may reflect a loss of selling strength.

A TD Sequential “9” buy signal has also appeared on the daily chart. These setups are often monitored for early trend shifts. Martinez commented, “A rebound is coming!” as long as the divergence remains intact.

In addition, ADA is trading slightly below its 4-hour 9-period simple moving average (SMA), which stands at $0.47. The asset has moved sideways since mid-November, narrowing its range. This shows that momentum remains weak but stable.

Source: TradingView
The MACD line has moved above the signal line, and the histogram has reversed to positive. Though the signal is still forming, it implies that the latest sell-off might be losing its strength.

On-Chain Flows Remain Negative
Recent on-chain data shows continued outflows from spot exchanges. On November 19, net outflows totaled $1.80 million, according to CoinGlass. Traders appear to be withdrawing ADA from exchanges, possibly for long-term holding.

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Source: CoinGlass
Despite these outflows, ADA’s price has continued to fall. This trend points to weak demand, with buyers not stepping in despite the lower available supply. Outflows alone have not supported a recovery in price.

Sentiment and Whale Activity Remain Mixed
Platform data from Market Prophit shows that public sentiment toward ADA is currently negative, while its internal model indicates a bullish outlook. This reflects a split view across participants.

Analyst Man Of Bitcoin noted,

“The reaction so far appears weak, and a break below the last swing low would open the door to the next downside target at $0.427.”

Meanwhile, large holders have reduced exposure. Over the past month, whales have reportedly sold 440 million ADA, which may continue to weigh on short-term price action.

Tags:

U.S. Representative Brandon Gill (R-Texas), a close political ally of President Donald Trump and one of Congress' most active crypto supporters, has expanded his digital asset holdings with a new six-figure Bitcoin purchase. According to a transaction report filed with the House of Representatives clerk on November 18, Gill bought between $100,000 and $250,000 worth of Bitcoin on October 20, adding to a series of sizable BTC acquisitions he has made throughout 2025.

The Abu Dhabi Investment Council nearly tripled its exposure to Bitcoin during the third quarter through BlackRock’s spot Bitcoin fund, according to a recent report.

Several market participants saw it as a signal that institutional interest in crypto is still gaining momentum in the United Arab Emirates.

ADIC, an investment arm of Mubala Investment Company, told Bloomberg on Wednesday it sees Bitcoin (BTC) as the digital equivalent of gold.

ADIC’s IBIT increase came during a volatile period for Bitcoin. The quarter ended just days before BTC surged to an all-time high of $125,100 on Oct. 5, before dropping back below $90,000 on Wednesday.

IBIT has plunged since the end of the third quarterBloomberg reported that ADIC increased its IBIT holdings from 2.4 million shares at the start of Q3 to almost 8 million by Sept. 30, valuing the position at around $520 million. IBIT closed the quarter at $65 per share and rose to $71 on Oct. 6, the day after Bitcoin hit its all-time high.

IBIT’s stock price is down 19.39% over the past 30 days. Source: Google FinanceHowever, Bitcoin’s recent plunge below $100,000 has dragged IBIT lower as well. The ETF closed Wednesday at $50.71, down around 23% since the end of the third quarter.

Despite the Bitcoin price decline, the ADIC stock increase was widely read as a sign of broader institutional adoption.

Crypto investment platform M2 treasury manager, Zayed Aleem, said in a LinkedIn post on Wednesday that it is “fantastic to see such institutional conviction and another strong signal that the UAE is securing its place as a global hub for digital assets.” 

Echoing a similar sentiment, crypto commentator MartyParty said that “the position reflects a strategic bet on BTC’s role as a store of value.”

The news comes just one day after IBIT experienced its most significant daily outflows since its January 2024 launch, totaling $523.2 million, according to Farside, amid Bitcoin briefly falling to $88,000. At the time of publication, Bitcoin is trading at $92,089, according to CoinMarketCap.

IBIT is having an “ugly stretch,” says ETF analystETF analyst Eric Balchunas said on Wednesday that the IBIT ETF was having an “ugly stretch.” 

“Although YTD flows are still at an astronomical +$25b (6th overall). All told $3.3b in total outflows past month from BTC ETFs, which is 3.5% of AUM,” Balchunas said.

Since the IBIT launched in January 2024, it has posted around $63.12 million in net inflows, according to Farside.

Analysts are divided on where Bitcoin will go for the remainder of the year. Bitcoin analyst VICTOR recently said that the current drawdown is “the close your eyes and bid type of range.”

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Ethereum has come under heavy selling pressure over the past few days as the broader crypto market entered a deep corrective phase. Yet, despite the volatility and widespread fear, ETH has managed to hold firmly above the key $3,000 level — a zone many analysts consider essential for maintaining the broader bullish structure.

Now, as price stabilizes and buyers begin to re-emerge, several market observers are starting to call for a potential recovery, arguing that Ethereum may be nearing the end of its downturn.

Adding fuel to this narrative is the continued accumulation from major players, most notably Tom Lee’s Bitmine. Tom Lee — a well-known Wall Street strategist, co-founder of Fundstrat Global Advisors, and long-time Bitcoin and Ethereum bull — has been one of the most influential voices in the digital asset market for nearly a decade. His firm Bitmine operates as a large institutional crypto investment entity focused on long-term accumulation, market-making, and strategic positioning during periods of fear.

According to recent on-chain data, Bitmine has continued buying ETH even as prices fell, signaling strong conviction in the asset’s long-term outlook. This behavior stands in sharp contrast to the broader market, where short-term holders have been capitulating.

Bitmine Continues Accumulating ETH Despite Market Weakness
According to fresh on-chain data from Lookonchain, accumulation activity around Ethereum is far from slowing down. A newly flagged wallet, 0xE2ed, believed to be associated with Tom Lee’s Bitmine, received 21,054 ETH (worth $66.57 million) from Kraken just a few hours ago. This move reinforces the view that large, sophisticated players are treating the recent correction as an opportunity rather than a threat.

Ethereum transactions on Arkham | Source: Lookonchain
The timing of this transfer is notable. Ethereum has been under sustained selling pressure for weeks, with sentiment turning sharply bearish as the market grappled with fear, liquidations, and a broader rotation into stablecoins. Yet despite this environment, Bitmine-linked wallets continue to absorb supply aggressively.

This pattern aligns with Bitmine’s broader strategy: accumulating high-quality crypto assets during periods of uncertainty to position for long-term upside. Large inflows to accumulation wallets during drawdowns have historically suggested strong conviction among institutional players, often preceding phases of recovery and renewed strength.

Suppose this wallet is indeed tied to Bitmine. In that case, it signals that some of the market’s most well-capitalized participants remain confident in Ethereum’s long-term value, regardless of short-term volatility.

ETH Price Analysis: Testing Long-Term Support Amid Heavy Volatility
Ethereum’s weekly chart shows the asset navigating a critical zone as price hovers just above $3,000, a level that has historically acted as a major demand area. After weeks of sustained selling pressure, ETH has pulled back from the $4,500 region and is now retesting its long-term moving averages. The 200-week MA, in particular, is positioned closely beneath the current price, acting as a structural anchor that has supported Ethereum in previous cycle corrections, including the deep capitulation seen in mid-2022 and the recovery phase of 2023.

ETH testing $3K Level | Source: ETHUSDT chart on TradingView
The recent candle structure reflects heightened volatility, with long wicks suggesting strong reactions from buyers near the $3,000 threshold. Volume has increased slightly during this downturn, indicating active participation from both sellers locking in profits and buyers positioning for potential reversal. Yet ETH remains below its 50-week MA, showing that short-term momentum continues to lean bearish.

Still, the broader pattern resembles earlier cycle pullbacks where Ethereum retraced sharply before forming higher lows and resuming its macro uptrend. If ETH can maintain this support band and reclaim the $3,300–$3,500 region, it may signal renewed strength. But a weekly close below $3,000 risks opening the door to deeper correction targets near $2,700.

Featured image from ChatGPT, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

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For updates and exclusive offers enter your email.

Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

The discourse around the next wave of Bitcoin adoption won’t be fueled by ideology or belief, but will be driven by pure economic advantage. As the global financial system moves toward higher costs, weaker currencies, and increasing inefficiencies, BTC is emerging as the most compelling alternative because it works more effectively. 

Economic Pressure Points That Will Accelerate Bitcoin Uptake
In the rapidly evolving landscape of digital finance, the narrative surrounding Bitcoin’s future has often been intertwined with fervent ideological conviction. A media company, known as TFTC on X, has highlighted why BTC adoption won’t be driven by ideology, but rather by economics.

Every merchant today is focused on handing over 2–3% of every transaction to payment processors and lives under the constant threat of chargebacks. Especially for small businesses, those costs and risks compound fast. However, BTC eliminates all of it with no processing fees, no chargebacks, just instant, final settlement straight into the merchant’s wallet.

As Miles, a crypto enthusiast, consistently pointed out, the economic incentives are so overwhelmingly strong that adoption becomes inevitable. Merchants save thousands on fees, and they can pass those savings back to their customers through instant cashback rewards for using BTC. 

This dynamic creates a self-reinforcing flywheel effect, allowing Merchants to lower their operational costs and increase their profit margins. At the same time, consumers would get tangible rewards and better value for their money by simply using BTC. Both sides will benefit immensely, while the BTC network will grow stronger. When the underlying math is this incredibly favorable, adoption is no longer a philosophical stance, but it’s an economic certainty.

The Path To Reclaiming Bullish Momentum
While the economic incentives will be responsible for Bitcoin’s next rally, analyst Rekt Capital has revealed a historical demand area, marked in orange, which has played a pivotal role in dictating BTC’s next major trend. The first time price tapped this zone, it produced a sharp +20% rebound before breaking down. After this breakdown, the BTC price moved to lower levels to absorb the remaining buy-side liquidity.

Once BTC reclaimed the orange region as support, it triggered a +37% rally to new all-time highs. On the second retest, this same support zone showed signs of strength. Currently, BTC is finding support at this same historical demand area. What would happen next will be critical in determining whether this demand area will continue to strengthen or if signs of weakening will finally emerge.

BTC hovering around a key demand support zone | Source: Chart from Rekt Capital on X
Furthermore, BTC will need to break the multi-week downtrend, marked in black on the chart, to relieve fear of fading support. A rebound from this demand area that fails to break the multi-week downtrend would only result in a yield of +10% move, which suggests that the support zone may be weakening.

BTC trading at $91,345 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Getty Images, chart from Tradingview.com

With CryptoQuant flagging an exhausted demand wave and Polymarket traders clustering around an 85,000 retest, the market is trading without the catalysts that drove last year’s gains.
Nov 20, 2025, 2:15 a.m.

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Bitcoin is slipping into a weaker market structure as the steady bid that supported prices earlier in the year gives way to diminished demand and defensive positioning.

STORY CONTINUES BELOW

In a recent note, CryptoQuant wrote that the cycle’s core demand wave has already passed, with ETF accumulation slowing, Treasury-company buying evaporating, and Strategy’s purchases falling to their lowest levels of the year.

This does not imply an imminent collapse, CryptoQuant argues, but it does mean upside is increasingly limited, with rallies likely to stall below the 365-day moving average until a new demand wave emerges.

Polymarket traders are positioning around that weakness, assigning the highest probability to a move toward 85,000 and giving almost no weight to upside scenarios.

Glassnode adds that short-term holders are realizing losses at their fastest pace since the FTX period, ETF flows remain negative, and derivatives markets have shifted into full risk-off mode, with options traders loading up on puts and implied volatility climbing.

Against that backdrop, Glassnode points to the Active Investor cost basis near $88,600 as the market’s next critical test.

A sustained move below this level would put recent active investors into losses for the first time this cycle and signal that bearish momentum is taking control. The next support sits at the True Market Mean around $82,000, which Glassnode describes as the point where a mild bearish phase could give way to a bear market structure similar to 2022 and 2023.

The coming weeks will show whether buyers can reassert themselves or whether support gives way and the downturn becomes more entrenched.

Market MovementBTC: Bitcoin is trading around $92,000 after briefly slipping under $90,000 earlier in the week, leaving the market on edge as it searches for support.

ETH: Ether is trading around $3,038, slipping modestly on the day as it continues to track Bitcoin’s broader defensive tone.

Gold: Gold is trading near $4,067 after touching an intraday high of $4,132, as risk aversion sweeps through the markets.

Nikkei 225: Asia-Pacific markets rose Thursday as a strong Nvidia earnings report boosted chip stocks, lifting the Nikkei 225 by 3.7%

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Nvidia Earnings Beat, Strong Outlook Calm Jittery Markets; Bitcoin Re-Takes $90K

6 hours ago

"Blackwell sales are off the charts, and cloud GPUs are sold out," said Nvidia CEO Jensen Huang.

What to know:

Nvidia posted strong third quarter earnings alongside better than expected fourth quarter guidance.For the moment, the news has calmed jittery markets, with bitcoin climbing back over $90,000 from the day's low near $88,000.AI-linked crypto tokens surged as Nvidia reinforced its role at the core of the artificial intelligence boom.Read full story

World Liberty Financial (WLFI) , the DeFi venture closely tied to President Donald Trump and his family, disclosed that attackers accessed some user wallets through phishing and third-party security lapses before the platform officially launched.

Summary

WLFI says a pre-launch breach stemmed from phishing and third-party security lapses, not flaws in its own smart contracts, and has frozen affected wallets.
The incident comes amid heightened scrutiny of WLFI, which has faced questions about governance, transparency, and its rapid token sales.
The company claims to be reallocating funds only after new KYC checks.

The company says the breach did not stem from any flaws in its smart-contract architecture—but rather external vulnerabilities.

WLFI stated that attackers accessed the wallets through external phishing and third-party security lapses, not through flaws in WLFI’s platform or smart contracts.

The firm formally launched in 2024. It then rolled out a USD1 stablecoin in April followed by its signature WLFI token in September.

What happened
Upon identifying the issue, WLFI froze impacted wallets, verified ownership, and began developing new on-chain logic to restore funds to users, the company said.

WLFI required all affected users to re-complete Know Your Customer checks to confirm identity before receiving a new wallet. The company stated these measures were necessary to ensure funds were returned only to legitimate owners.

Engineers built and tested a new smart contract system designed to handle bulk reallocations securely. The process took longer than initially expected, according to WLFI.

Reallocation of user funds will begin shortly for individuals who completed the required verification process, the company said. Wallets belonging to users who have not yet reached out or completed the steps will remain frozen, though those users can still begin the verification workflow through the company’s help center, according to WLFI.

This is just the latest in a string of controversies for the firm, which its co-founder Donald Trump Jr. described in September as “the governance backbone of a real ecosystem changing how money moves.”

Recall how WLFI played a role in Binance’s $2 billion deal with an Emirati fund. Afterward, Binance founder Changpeng Zhao received a pardon for his four-month prison term from President Trump.

And, just this week, Senator Elizabeth Warren called for an investigation into WLFI, alleging that it may have sold governance tokens to wallets linked to North Korea, Russia, Iran, and Tornado Cash.

Bitcoin price found support near $88,500. BTC is now correcting some losses but faces many hurdles near $92,500 and $93,500.

Bitcoin started a fresh decline below $93,000 and $92,500.
The price is trading below $93,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move down if it settles below the $90,000 zone.

Bitcoin Price Faces Hurdles
Bitcoin price failed to stay in a positive zone above the $92,000 level. BTC bears remained active below $92,000 and pushed the price lower.

The bears gained strength and were able to push the price below the $89,500 zone. A low was formed at $88,570, and the price is now attempting a recovery wave. There was a move above the 50% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low.

Bitcoin is now trading below $93,000 and the 100 hourly Simple moving average. Besides, there is a bearish trend line forming with resistance at $93,500 on the hourly chart of the BTC/USD pair.

If the bulls attempt another recovery wave, the price could face resistance near the $92,500 level and the 76.4% Fib retracement level of the recent decline from the $93,747 swing high to the $88,570 low. The first key resistance is near the $93,500 level and the trend line.

Source: BTCUSD on TradingView.com
The next resistance could be $93,750. A close above the $93,750 resistance might send the price further higher. In the stated case, the price could rise and test the $94,500 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $95,500 and $96,200.

Another Decline In BTC?
If Bitcoin fails to rise above the $93,500 resistance zone, it could start another decline. Immediate support is near the $91,150 level. The first major support is near the $90,500 level.

The next support is now near the $90,000 zone. Any more losses might send the price toward the $88,500 support in the near term. The main support sits at $86,500, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now losing pace in the bearish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $91,150, followed by $90,500.

Major Resistance Levels – $92,500 and $93,500.

10 minutes ago

Bitcoin whale activity has been ticking up as the price of Bitcoin has slumped, and this week could be their most active week all year as Bitcoin fell under $90,000, according to analysts from Santiment.

107

Bitcoin whale activity could experience its highest spike in weekly transactions this year with Bitcoin falling under $90,000, according to the market intelligence platform Santiment.

The increase in whale activity has grown in step with the slump in crypto prices, Santiment said in an X post on Wednesday. 

Bitcoin (BTC) dropped below $90,000 this week — the first time in seven months. Santiment said it has already tracked over 102,000 whale transactions exceeding $100,000, and a further 29,000 transactions over $1 million. 

“This week has a good chance of ending up as the most active whale week of 2025, with the context of these whale moves gradually turning from dumping to accumulating again.”  Source: SantimentSome analysts have speculated whale selling is partly to blame for the crypto market pullback.

However, data from the analytics platform Glassnode shows that large holders have been accumulating since late October, with a notable spike in whale wallets holding more than 1,000 Bitcoin starting last Friday. 

Whales are buying the dip Speaking to Cointelegraph, Pav Hundal, the lead analyst at crypto trading platform Swyftx, said he believes news cycles have driven spikes in whale activity over the last year, with a significant amount of twitch trading linked to geopolitical events in the US. 

“BTC has rallied in the wake of Nvidia’s bumper results and that suggests to me that both whales and retail are stepping in and buying,” he said, adding that “the buy-to-sell ratio across Swyftx’s own order books was at record highs in early trading, with 10 buys to every sell, compared to the average of 3:1. Investors are buying the dip.”

“The market is irrational at the moment. We’ve seen an unprecedented shake-out of short-term holders over the last few weeks. When you look at the data, I see this as mechanical shakeout. This looks like a much needed washout and reset for the market.”Bradley Duke, Managing Director and Head of Bitwise Asset Management in Europe, said in X post on Wednesday that his company has noticed that as fear and panic grip the market, whales have been buying the dip. 

Source: Bradley Duke“While fear and panic had afflicted many investors, the number of BTC Whales has spiked up of late. Large holders are keeping a level head and buying at discount prices from panic sellers. Stay strong,” he said. 

Patterns suggest a big forced seller: Multicoin execMeanwhile, Tushar Jain, co-founder and managing partner of investment firm Multicoin Capital, said in an X post on Wednesday that he can see a pattern in the selling and thinks it could soon come to an end. 

“It feels like a big forced seller is in the market. We are seeing systematic selling during specific hours. Probably a consequence of 10/10 liquidations. Hard to imagine this scale of forced selling continues for much longer.” BitMine chairman Tom Lee and Bitwise Asset Management chief investment officer Matt Hougan predicted on Monday that Bitcoin could hit a bottom as soon as this week. 

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Solana (SOL) is under intense market pressure after a massive $201 million token transfer on November 17 sparked concerns about further losses.

While institutional interest in Solana-based ETFs remains strong, technical indicators point to a fragile market structure that could send SOL toward the $125–$120 region if buyers fail to regain momentum.

SOL's price trends to the downside on the daily chart. Source: SOLUSD on Tradingview
$201M Dump Raises Alarms as Solana Extends Downtrend
Forward Industries, Solana’s largest corporate holder, moved 1.44 million SOL, worth roughly $201.34 million, to Coinbase Prime earlier this week, according to Onchain Lens. The transfer triggered speculation of an impending major sell-off, especially as Solana has already declined nearly 50% over the past two months.

Although it remains unclear whether the tokens were sold or repositioned, the market reaction was swift. SOL briefly dipped to $128 before recovering to the $137 range. Trading volume, however, has declined by 38% to $5.65 billion, indicating elevated trader anxiety and aggressive repositioning.

Technically, SOL remains in a confirmed downtrend after losing the critical $155 support level. Indicators such as the Chaikin Money Flow (CMF) at -0.18 and a bearish Supertrend signal show persistent selling pressure.

If the price remains below the current consolidation zone, analysts warn of a potential 16% drop, placing $120 firmly in sight.

Institutional Inflows Persist Despite Price Weakness
The irony in Solana’s current situation is striking. Despite a weekly drop of 11%, institutional confidence is slowly picking up pace. Solana ETFs have rapidly expanded across major U.S. exchanges, with Fidelity, Canary, VanEck, 21Shares, and Bitwise all launching new SOL products in recent days.

Fidelity’s $FSOL recorded $2.07 million in day-one inflows, while total net inflows across all U.S. Solana ETFs have soared to $420.4 million. Meanwhile, November 18 marked the 15th consecutive day of positive ETF inflows, totaling $26.2 million, led by Bitwise’s BSOL.

This reflects a deeper narrative: institutional investors see Solana’s long-term fundamentals, speed, developer activity, and staking yields as compelling despite short-term volatility.

Key Levels: Can SOL Hold Above $130?
Analysts now highlight $125 and $120 as the most critical support zones. A failure to defend $130 could accelerate losses toward $120, with a deeper floor at $115. Conversely, a reclaim of $145, and ideally $160, would signal the first meaningful reversal in weeks.

For now, Solana sits at a crossroads. Heavy selling pressure on one side, surging institutional conviction on the other. The next few days may determine whether SOL stabilizes or slides deeper into bearish territory.

Cover image from ChatGPT, SOLUSD chart from Tradingview

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To reduce protocol risk as it secures hundreds of billions in assets.

A more predictable, fixed Ethereum core supports greater yields.

For a network famous for reinventing itself every few years, Ethereum [ETH] might finally settle down.

Wall Street firms are buying ETH, as Vitalik Buterin pushes for a network that can grow up without losing its spark. If the core stays fixed and new ideas move to the edges, the chain could become far more stable.

Ironically, that newfound stability could be the very thing that keeps the excitement going.

At Devconnect in Buenos Aires, Vitalik Buterin delivered one of his clearest indications yet that Ethereum’s rapid-change era is ending. Speaking to more than 500 attendees, he argued that,

This is a turning point for a network built on constant iteration. Ethereum’s early roadmap relied on major upgrades every few years, each affecting performance or economics.