Market Signal Briefing

TL;DR:

Monad sale on Coinbase raises $130M, achieving nearly 70% of its $188M target.
Coinbase’s allocation favors small investors and punishes speculative flipping.
With an FDV of $2.5B, analysts question the high valuation but see potential if distribution remains broad.

Coinbase’s public sale of the Monad (MON) token has raised more than $130 million, reaching approximately 69.6% of its $188 million target. The offering, priced at $0.025 per MON and representing 7.5% of the total token supply, has attracted substantial interest in its first days, though the pace of contributions varies. The sale is scheduled to conclude on November 23 at 10:00 AM, giving investors a few remaining days to participate. Early participants have praised the accessibility of the platform, emphasizing its user-friendly interface and clear allocation rules.

Broad Distribution Under a New Token‑Sale Model
Coinbase is using its new token‑sale platform to prioritize fair access, employing an algorithm that favors smaller bids and long-term supporters. In particular, users who sell their tokens within 30 days of listing may receive reduced allocation in future sales, a mechanism designed to discourage flippers and reward genuine participants. This approach has been praised for reducing speculative activity and ensuring a broader distribution among individual investors rather than concentrating tokens in the hands of a few large buyers.

Despite the strong headline total, the funding curve shows signs of moderation, with $22.9 million added in the past 24 hours. Monad co‑founder Keone Hon defended this dynamic as intentional, stating that the goal was broad distribution, not just immediate subscription, and that unsold tokens will be redirected into ecosystem development. Observers note that this gradual accumulation strategy helps maintain stability and prevents early volatility that can discourage retail investors.

The tokenomics structure underscores ambitious valuation assumptions, with a fully diluted valuation (FDV) of $2.5 billion. The project allocates funds to both ecosystem growth and community rewards, balancing development with incentives for long-term holders. Some analysts warn that high FDV projects such as this face real pressures around sustainability and market demand, emphasizing the importance of continued adoption post-sale.

As Coinbase rolls out monthly token sales, Monad stands as its first flagship launch, signaling the exchange’s commitment to more transparent and community-focused distribution. For Monad, the next milestone is its mainnet launch on November 24, alongside an airdrop for early users. These steps aim to strengthen community engagement while providing early participants with tangible value and active participation in the project’s growth.

Bitcoin's price has taken a hefty knock this week, dragging mining revenue down with it as the price per petahash sinks even deeper than April's slump. Miners are feeling the squeeze from the tight pricing environment and the thin onchain fees tied to newly found block rewards.

In brief
Bitcoin mining firms face structural risks beyond halvings or hardware cycles.
Competition from AI data centers pressures miners’ access to cheap energy.
Pool software, firmware, and contracts could redirect hash rate without touching Bitcoin’s code.
Bitcoin miners are entering a period of new structural risk tied to power contracts, firmware systems, and hosting agreements as the industry approaches the new year, according to Matthew Case, an independent analyst who tracks mining economics.

In a recent X post, Case described these pressures as forces operating beneath the surface while miners remain focused on the next halving (in 2028) and hardware cycle.

The analyst argued that these vulnerabilities could shape who controls Bitcoin’s hash rate and which companies survive the growing competition for power, while operational chokepoints are shifting from hardware to contracts, software, and energy access.

“As the Bitcoin mining sector eyes 2026, the loudest concerns—halvings, machine efficiency, price swings—are just the surface,” Case wrote. “What’s threatening to reshape the industry lurks beneath boardroom contracts, firmware stacks, and power grid politics.”

One issue he highlighted was mining pool concentration. Case pointed to a 2025 analysis by Bitcoin developer “b10c” that found that just six pools collectively produced more than 95% of blocks.

“These pools control which transactions they include in or exclude from their blocks,” the post said. “This doesn’t hurt Bitcoin’s censorship resistance as long as these mining pools don’t collude and decide to censor transactions.”

He also explained that lenders, firmware vendors, and hosting providers might influence mining through contracts or management software. If certain conditions are met, hash power could shift without miners doing anything directly.

Case pointed to energy market changes as well. Since 2009 and the launch of the Bitcoin network, miners have relied on power costing less than $0.03 per kilowatt hour, but now these cheap sites are attracting data center operators who are building AI infrastructure, which increases competition for electricity.

Last week, a short-term outlook from the U.S. Energy Information Administration projected wholesale electricity prices rising to about $51 per megawatt hour in 2026, roughly 8.5% above current levels.

Case also said that control over mining firmware and pool software is another weak point because it gives outsiders new ways to apply pressure. He explained that regulators or business partners could influence mining through payout systems or block templates, rather than changing Bitcoin’s main protocol.

“That means regulatory or corporate pressure can target software stacks rather than the protocol itself—forcing KYC, payout freezes, [and] template censorship, all without lifting a regulatory ban,” he wrote.

Case added that it is getting harder to find physical sites. Even if a facility has a fifty-megawatt agreement, it could lose out to someone who offers more money or if the hosting terms change.

“Miners who assume site access is free or indefinitely cheap may wake up in 2026 with stranded host contracts or illegible extension terms,” he said.

Other analysts agreed that while these pressures exist, they pointed out that miners have already adapted to difficult times before. Jesse Colzani, a partner at BlocksBridge, a mining research and consulting firm, agreed that the risks are real, but said the industry is stronger and more energy-focused than the framing suggests.

Colzani explained that mining pools are not permanent bottlenecks because operators often switch pools when payout terms change or there are problems. He said past events show that hash rate can move quickly.

On electricity prices, Colzani pointed out that miners are not limited to one country or region. They can work in areas with unused power or limited infrastructure, where large tech companies are less likely to compete.

“There are a ton of locations with stranded generation, weak fiber connections, and regulatory issues that hyperscalers might not find appealing,” he told Decrypt. “Miners also happen to be the only player willing to 'eat negative pricing,' curtail on command, and stabilize renewables. AI can’t do that. So miners will still win deals that AI cannot absorb.”

Despite these worries, Colzani said Bitcoin’s long-term security depends on hash price, energy costs, capital spending cycles, and global involvement, not just block rewards. He noted that hash rate has hit record highs even when fees are low, which shows the market has already adjusted to lower subsidies. He also said that risks like disasters and insurance issues are normal for any industry, not just Bitcoin.

“If AI outbids someone for power, that miner was already on a knife-edge,” he said. “In general, as long as miners have good energy partnerships, behind-the-meter access, and flexible offtake models, they aren't really competing with AI.”

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Altcoin season has remained narrow as MYX Finance, Starknet and AB have advanced against weak sentiment, with Bitcoin near $91,000 and the Crypto Fear and Greed Index near yearly lows, showing that capital has favored a few incentive-driven themes over broad altcoin participation.

// Price

Reading time: 2 min

Published: Nov 19, 2025 at 17:26

Dogecoin's price is declining, although it has started moving sideways below the moving average lines.

Dogecoin price long-term prediction: bearish

The cryptocurrency has found support above $0.15, trading above this level but below the 21-day SMA. DOGE fell to $0.151 yesterday before rebounding. The price is now rising, reaching a high of $0.158. If DOGE rises and breaks above the 21-day SMA, it could reach $0.19 or surpass the 50-day SMA. The upward trend may continue towards $0.26.

However, if the bullish scenario fails, DOGE will decline. On the downside, if DOGE loses its current support at $0.15, it will fall towards $0.10. Today, the altcoin is trading at $0.157.

Technical indicators

Resistance Levels $0.45 and $0.50

Support Levels – $0.30 and $0.25

Dogecoin price indicator reading

The price bars are consolidating beneath the downward-sloping moving average lines. The 21-day SMA continues to act as resistance. On the 4-hour chart, the moving average lines are horizontal, as the decline has paused above the $0.15 support level.

What is the next direction for Dogecoin?

On the 4-hour chart, DOGE is trading sideways, above the $0.15 support and below the $0.19 resistance. Today, the price is rising after bouncing from the $0.15 support. Selling pressure will persist if the price falls below $0.15. DOGE will regain bullish momentum if it breaks above the 21-day SMA.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

Expert in finance, blockchain, NFT, metaverse, and web3 writer with great technical research proficiency and over 15 years of experience.

Key takeaways:

Power-law modeling shows Bitcoin generates strong long-term returns regardless of precise entry timing.

Global liquidity sits far above prior-cycle levels, supporting a more favorable macroeconomic backdrop.

Bitcoin currently trades at an unusually deep discount relative to its liquidity trends, with its fair value near $170,000.

A new Bitcoin (BTC) simulation suggests that long-term investors may be overly concerned about timing their BTC purchases. In a detailed 10-year model, Bitcoin researcher Sminston With tested how a hypothetical investor deploying $100,000 today might perform under three different entry points: buying at $94,000 price, buying 20% cheaper, or buying 20% more expensive.

The model then projected Bitcoin’s price using the median power-law trend and assumed the investor withdrew 10% of their holdings each year to save or spend.

To further stress-test the outcomes, the study included three exit scenarios: selling at the projected median price in 2035, selling at 20% above it, or selling at 20% below it.

Bitcoin price 10Y investment model based on Median Power Law. Source: XThe results were consistently profitable. Even the “unluckiest” path, i.e., buying 20% above $94,000 and selling 20% below the projected median, still returned 300% on the remaining holdings after a decade of steady withdrawals. In total savings, that same investor would end up with 7.7x times the initial capital.

Meanwhile, investors who entered 20% below $94,000 saw final totals ranging from $1.15 million to $1.47 million, depending on their exit. Buying at $94,000 produced outcomes between $924,000 and $1.18 million, 

According to the researcher, the takeaway remained simple: while timing can boost returns, Bitcoin’s long-term power-law trajectory does most of the work. With said, 

“Don’t stress too much about the entry point. Let time do the heavy lifting.”Global liquidity gap reaches rare extremes against Bitcoin A new macroeconomic lens added further context to the simulation’s long-term optimism. The last time Bitcoin traded near current levels, global liquidity was roughly $7 trillion lower. Currently, total liquidity is estimated at $113 trillion, reflecting significantly looser financial conditions.

Global Liquidity vs Bitcoin. Source: Zerohedge/XFrom a macroeconomic standpoint, higher global liquidity typically supports risk assets by improving credit availability and investor appetite. While not a guarantee of immediate upside, it signals a more accommodative backdrop compared to the previous cycle.

Analysts are also tracking an unusual disconnect between Bitcoin and global liquidity. According to JV Finance, the BTC liquidity gap has widened to –1.52 standard deviations, a level rarely seen during bull markets.

This metric compares Bitcoin’s market value to where it “should” trade relative to liquidity trends. A deeply negative reading implies Bitcoin is undervalued, not overvalued, against macro conditions.

Bitcoin-Global liquidity model by JV Finance. Source: XThat gap briefly reached –1.68σ on Nov. 17, the most extreme undervaluation since this bull cycle began. While BTC could still drift lower in the short term, such deviations have historically increased the possibility of long-term upside, with the current fair value for BTC estimated to be around $170,000 based on the liquidity model.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

For more than a decade, the XRP Ledger (XRPL) has, for one reason or another, stood apart from the rest of the blockchain industry.

Built in 2012, long before the rise of modern DeFi, it embraced a minimalist design of fast settlement, deterministic consensus, and no economic incentives for validators.

That architecture helped XRPL grow into a trusted payments network, but it also left it structurally different from the yield-driven systems that now dominate the digital asset economy.

A payments chain in a yield-powered economyXRPL’s consensus model, known as Proof of Association (PoA), relies on a Unique Node List (UNL) of trusted validators.

The system has no block rewards, no slashing, and no competition among validators for block production. Here, network fees are anti-spam tools and not revenue sources.

That structure once defined XRPL’s strength, but today it is also becoming its constraint. DeFi ecosystems thrive on yield mechanisms, and capital tends to flow toward chains that reward participation.

This is why XRPL’s total value locked, at around $87 million, looks modest compared with rival ecosystems, such as Solana and Ethereum, which are driven by staking and liquidity incentives.

XRPL’s DeFi TVL (Source: DeFiLlama)Considering this, Ayo Akinyele, RippleX’s head of engineering, highlighted how XRP’s role could be significantly expanded far beyond simple settlement, while floating the idea of “native staking on the XRPL.”

According to him:

“[Native staking] would change how value flows through the XRPL network in ways we’d need to think through carefully. So, talking about the idea for XRP helps us understand what could evolve and what should stay the same.”

In walking through what staking would require, Akinyele laid out the unavoidable implications.

First, XRPL would need a source of rewards, which it currently lacks. Second, it would need a way to distribute those rewards without compromising decentralization.

According to him, both requirements would reshape XRPL’s carefully balanced incentive model.

He explained that introducing rewards would create tensions that XRPL deliberately avoids. Validators would suddenly have financial motives that conflict with the network’s principle of neutrality.

Even more critically, financial incentives tend to drive operators to optimize for cost, clustering validators in the same cloud region or hardware configuration. That would undermine XRPL’s distributed trust model and weaken the properties that have preserved its resilience for more than a decade.

Akinyele noted:

“Once you add incentives, I agree operators start optimizing for cost: cheaper hardware, the same cloud region, centralized setups. That’s exactly the centralizing force the XRPL avoids by not using economic rewards to motivate validator behavior.”

At the same time, fee redistribution, a standard tool in Proof-of-Stake (PoS) systems, would invite Sybil attacks if applied broadly or political pressure if limited to UNL validators.

Ripple CTO David Schwartz echoed these concerns and highlighted two experimental ideas for how XRPL could address some of them. These include a two-layer stake-based consensus and a ZK-proof model for smart contract verification.

However, he made it clear that while both are technically interesting, they are far from viable.

According to him, they introduce significant risk for benefits that are largely theoretical. He added that XRPL does not currently suffer from the performance bottlenecks those systems are intended to solve.

XRPL users want yieldIf staking remains incompatible with XRPL’s core architecture, the blockchain network users’ demand for yield is not.

As a result, that demand has migrated outward, into sidechains and bridges that wrap XRP and reintroduce incentives in adjacent ecosystems.

The most visible example is mXRP, a liquid staking token launched on XRPL’s EVM-compatible sidechain.

Through Midas, XRP holders can stake their assets, receive mXRP, and deploy it across DeFi protocols for up to 8% annualized returns.

Notably, the traction for this product has been strong. mXRP now holds around $25 million in TVL and recently expanded to the BNB Chain, where roughly 480,000 XRP holders collectively control nearly $800 million in wrapped XRP.

Moreover, listing mXRP on Lista’s markets has allowed holders to layer yields by using the token as collateral in liquidity pools, lending markets, and reward programs.

These numbers show that the market is building the incentives that XRPL avoids, and it is doing so in systems that sit just outside the core ledger.

This divergence underscores XRPL’s central dilemma. The chain’s architecture wasn’t built for the incentive structures that drive DeFi participation.

Yet, its users increasingly seek those opportunities and are finding them in ecosystems that wrap or extend XRP rather than rely on the ledger itself.

What does this mean for XRP?The broader significance of the staking thought experiment is not about whether XRPL should adopt staking. It is about what these discussions reveal about XRP’s evolving economic role.

If XRPL were to introduce even a limited form of native staking—not for consensus but for network services or extended functionality—it would fundamentally alter XRP’s value profile. This shift would reshape how the asset is used and valued across the ecosystem.

Reliable on-chain yield would likely attract new classes of investors and increase capital retention within the ecosystem.

As a result, liquidity would deepen and XRP’s role as collateral could expand. At the same time, the digital asset would begin to behave more like other productive tokens in the DeFi landscape.

However, pursuing such a model risks undermining the neutrality and predictability that have historically defined XRP.

This would risk aligning XRP with the behavior of typical Proof-of-Stake (PoS) tokens, where investor interest is driven primarily by yield incentives instead of functional utility

Moreover, it could blur the line between XRP as a liquidity instrument and XRP as a yield-bearing asset, creating new volatility patterns and governance pressures.

The alternative path of preserving XRPL’s lean and incentive-free architecture would keep XRP aligned with its original purpose. It would remain a highly efficient bridge currency and settlement tool, with its value anchored in utility rather than rewards.

In this case, its growth might be slower, but stability would remain a core feature.

In this sense, the staking debate is less about staking itself and more about defining what XRP should be in its next decade.

As DeFi grows, programmability efforts progress, and cross-chain integrations expand, the question is whether XRPL can evolve just enough to remain competitive without losing the qualities that made it resilient in the first place.

That balance may ultimately determine not just the future of XRPL, but the economic future of XRP itself.

Mentioned in this article

Bitcoin's recent performance highlights its struggle to stabilize after a sharp decline, falling to a seven-month low of $89,000 before seeing slight recovery. This volatility has been compounded by a mix of bullish and bearish market forces.

2 mins mins

Key Points:

Ripple considers adding native staking to XRP Ledger.New model involves validator-decided staking rules.Potential impact on XRP’s utility and validator dynamics.
Ripple’s CTO David Schwartz and Senior Engineer J. Ayo Akinyele are discussing adding staking to the XRP Ledger, aiming to enhance network functionality and user engagement.

Staking could decentralize the XRP Ledger further, impacting XRP’s utility and competitive positioning against PoS networks like Ethereum and Solana.

Staking’s Impact on XRP: Historical and Market Perspectives
The potential addition of staking to the XRP Ledger represents a significant pivot for Ripple. This proposal emerged from discussions led by David Schwartz and J. Ayo Akinyele, focusing on enhancing the ledger’s functionality and user engagement. Ripple’s team envisions validators setting individual rules for staking eligibility and rewards, echoing blockchain systems like Ethereum’s Proof-of-Stake.

Possible implications include increased decentralization, with validators holding the power to select and manage staking participants. Such a transition could bolster XRP’s market liquidity and utility as the network evolves from a mere remittance tool to a comprehensive asset settlement ecosystem.

Community feedback has been mixed. While many within the digital asset industry advocate for native staking as a step toward decentralization, others caution against potential centralization risks. J. Ayo Akinyele highlights the importance of transparency and stakeholder input in any future rollout.

Did You Know?
Did you know? Native staking’s introduction could parallel Ethereum’s shift to Proof-of-Stake, which significantly impacted node operations and reward structures, driving increased validator decentralization.

According to CoinMarketCap, XRP currently trades at $2.10 with a market cap of $126.49 billion, holding 4.09% market dominance. Its 24-hour trading volume stands at $4.50 billion, down 36.75% from previous levels. Recent price trends indicate a 4.87% decline over 24 hours and a 15.04% drop in the past 30 days, highlighting ongoing market challenges.

XRP(XRP), daily chart, screenshot on CoinMarketCap at 15:48 UTC on November 19, 2025. Source: CoinMarketCap

The Coincu research team suggests this proposal could fuel blockchain interoperability. By potentially adopting staking, XRP aims to compete with leading blockchains in the DeFi realm. The proposal’s outcome could reshape Ripple’s market positioning, subject to regulatory developments and market reception.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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TLDR:

Strategy says Bitcoin volatility has declined from 80 percent to about 50 percent since 2020.
Michael Saylor told Fox Business the company can operate through an 80 to 90 percent BTC drop.
Bitcoin has recorded fifteen major drawdowns, yet each cycle produced a new high over time.
Strategy uses equity and digital credit instruments to expand its BTC holdings.

Bitcoin’s weakness lately has renewed questions about long-term stability, yet Strategy’s Michael Saylor maintains a firm stance on the asset. The executive told Fox Business that the company can operate through an 80 percent drawdown without altering its position. 

He added that Bitcoin’s annual volatility has continued to fall since the firm entered the market in 2020. His comments come as BTC posts its first negative year-to-date reading since 2023.

Bitcoin Volatility Trends Lower as Market Matures
Saylor said on Fox Business that BTC’s volatility has eased from 80 percent in 2020 to roughly 50 percent today. He described the shift as evidence of a maturing market rather than fading investor interest. 

The trend, according to his remarks, advances as institutional activity expands. He added that each market cycle removes leverage and short-term traders, creating stronger foundations.

The interview shared on X through his account echoed the same position. He framed the latest downturn as part of Bitcoin’s long history of recoveries across multiple deep cycles. 

Saylor noted that Bitcoin has recorded fifteen major drawdowns during its 15-year lifespan. He said each cycle has produced a new high once conditions normalized.

Fox Business host Charles Payne asked whether recent attention on other assets affected Bitcoin’s pace. Saylor pointed to broader developments across artificial intelligence, digital assets, and financial technology. 

He still maintained that Bitcoin remains the preferred option for those seeking long-term savings without counterparty risk.

Strategy Maintains Strategy Through Market Swings
Strategy’s financing model remained a key point in the conversation. Saylor told Payne that the company has returned about 70 percent yearly over five years. He contrasted that with 

Bitcoin’s roughly 50 percent average annual performance across the same period. He said the firm uses equity and digital credit instruments to purchase BTC.

Saylor stated that these credit instruments offer dividend-style payouts funded through market performance. According to the interview shared on X, the company needs Bitcoin to rise only 1.25 percent annually to maintain these payouts over time. 

He added that Strategy could operate for decades even if Bitcoin stopped appreciating. He cited more than 50 billion dollars in equity and what he described as strong liquidity.

Payne pressed on the risk of deeper losses. Saylor said the company is designed to sustain an 80 to 90 percent decline without structural disruption. 

He also noted that leverage has trended toward low levels and continues to fall. He described the company as “indestructible” under its current framework.

The segment concluded with Payne turning to Natalie Brunel, who discussed repeated market drawdowns since 2017. She said large dips offer buying opportunities for long-term savers. 

Brunel added that Bitcoin’s structure enables individuals to preserve value without inflation risk.

XRP price remains inside a falling channel, and each rebound attempt has weakened as OBV slid back under its trend line.Hodler Net Position Change shows a 48% jump in long-term holder outflows, as strong selling meets weak buying.A daily close below $2.10 exposes deeper downside, while reclaiming $2.41 is needed to flip short-term momentum back upward.XRP price trades near $2.15 today after dropping over 18% since November 10. The token has spent the past month moving inside a bearish channel. And the latest structure now shows weakening volume, rising long-term selling, and the price sitting close to a key support.

If buyers fail to defend one level, the XRP price could slide into a deeper leg of its downtrend.

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Falling Channel and Volume Breakdown Strengthen the Bearish SetupXRP continues to move inside a descending channel that has guided every bounce and rejection for more than a month. This pattern is a bearish continuation structure, and the recent candles show that each recovery attempt is getting weaker.

This weakness is most visible in the On-Balance Volume (OBV) indicator. OBV adds volume on green days and subtracts it on red days to show whether buying or selling pressure is dominating. Between November 4 and 9, OBV briefly moved above the descending trend line connecting its lower highs. The XRP price responded with a quick short-term bounce.

Weak Buying Affecting XRP Price: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

But once OBV slipped back below the trend line on November 12, the tone changed. The indicator has stayed below that trend line since, showing that market-wide buying pressure has continued to weaken. This aligns perfectly with the price action: XRP began its 18.6% decline on November 10, the same window in which OBV started curling downward again.

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The lack of volume strength means buyers are not stepping in with conviction. That sets the stage for the next metric.

Long-Term Holders Are Increasing Their SellingGlassnode’s Hodler Net Position Change tracks how much long-term holder supply is entering or leaving exchanges and wallets. It is one of the clearest measures of long-term conviction.

Over the past few days, long-term holders have sharply increased their selling again after dipping to the lowest fortnightly level on November 16:

Nov 16: –63.57 million XRP
Nov 18: –94.50 million XRP
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Now, that’s a 48.6% rise in long-term outflows in just two days.

Hodlers Keep Selling: GlassnodeThis confirms that the pressure shown on OBV is not random noise. It comes at the same time that long-term holders are reducing their positions more aggressively. When long-term seller activity rises while volume weakens, it typically signals a market that has not found its bottom yet. And that view keeps every nearby support level at risk.

Together, OBV and Hodler Net Position Change point to the same idea: buyers are not absorbing the increased selling pressure.

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XRP Price Levels That Matter MostThe XRP price now sits close to the most important support on the chart: $2.10. This level has acted as a reaction zone multiple times inside the falling channel. If the daily candle closes below $2.10, XRP could extend its move toward $1.77, the long-term channel floor.

On the upside, the level that must be reclaimed to invalidate this bearish setup is $2.41. Clearing $2.41 would show that buyers have regained strength and would open the path toward $2.58. Only a daily close above $2.58 would flip the short-term trend back to bullish.

XRP Price Analysis: TradingViewRight now, the structure still leans negative. Volume is weakening. Long-term holders are selling faster. And the XRP price remains inside a falling channel. Unless XRP reclaims $2.41, all eyes stay on $2.10. This fragile floor decides whether XRP stabilizes or enters a deeper slide.

Disclaimer

In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Journalist

Posted: November 19, 2025

Key Takeaways 
Why is Saylor positive about the drawdown? 
According to him, it’s a healthy market reset that flushes out excess leverage and weak hands for the next rebound to a new all-time high. 

What’s the impact of Strategy’s $835M bid? 
It didn’t taper off broader BTC selling pressure, as ETFs have been net sellers for the past few weeks. 

While a section of the crypto community appears worried about Strategy following Bitcoin’s [BTC] decline in Q4, the founder, Michael Saylor, remains bullish on the asset. 

In an interview with Fox Business, Saylor maintained BTC value proposition remained intact despite erasing yearly gains. 

He said, 

“Bitcoin has been around for 15 years, has had 15 major drawdowns. It has always come back to a new all-time high.”

He added,

“This (drawdown) is normal in the lifecycle of an emerging transformational asset class. It’s a healthy thing, it clears out the tourists, the leverage, and the weak holders and sets the base for the next rally upwards.”

The crypto asset has shed over $35K or 29% after dropping from $126k to $90k in the past few weeks. 

Source: BTC/USD, TradingView 

Although the decline was still within the 30% bull run pullbacks, a key bull market structure level, the 50-Weekly Exponential Moving Average, has been cracked amid intense sell-off.

Saylor added that Strategy can survive another 80-90% BTC drawdown. 

Can Strategy’s $835M bid ease BTC plunge?
That being said, Strategy held BTC even during the past crypto winter and is likely to withstand the next one.

The firm added 8,178 BTC (worth $835.6 million) on the 17th of November, bringing its entire holdings to 649,870 BTC.

Per SEC filing, the latest purchase was funded mostly by the sale of Euro-based STRE preferred stock. 

However, with the price decline, Strategy’s unrealized profit on BTC holdings has decreased from $31 billion (67%) to $11 billion, or approximately 23%.

Reacting to the paper loss, long-time BTC critic, Peter Schiff, slammed it as “not much to show for five years of buying.” 

He sarcastically added, 

“Congratulations, you’re already down 10% on last week’s buy. You must buy even more Bitcoin this week to slow the decline.”

In fact, Julio Moreno, Head of Research at CryptoQuant, highlighted that Strategy bidding was relatively small, unable to offset the current BTC selling pressure from ETFs and long-term holders. 

Source: CryptoQuant 

The next potential catalyst for recovery could be a Fed rate cut in December, but clarity on this will be available after the September Jobs report, scheduled for the 20th of November.

Meanwhile, as of writing, MSTR stock traded back above $200 while BTC reclaimed $90k, but both were down 28% and 2% on a year-to-date (YTD) basis. 

Cover image via www.freepik.com

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

Dog-themed meme coin Shiba Inu (SHIB) has seen over 120 billion SHIB moved to different exchanges within the last 48 hours as selling pressure increases. This has resulted in further price slides amid a poor outlook for the meme coin. Despite this development, Shiba Inu has not slipped into the oversold zone.

Shiba Inu's critical support levels come into focusAs per CoinMarketCap data, the Relative Strength Index (RSI) of Shiba Inu on the one-hour time frame is 39.92. It is slightly lower on the 24-hour and weekly chart time frames, which stand at 36.68 and 35.51, respectively. 

Although these figures are significantly low, they remain above the 30 mark, which is the oversold threshold.

Shiba Inu RSI Outlook | Source: TradingView/CMCIt implies that Shiba Inu still has slightly more room to fall before slipping into oversold territory. Notably, if an asset slips into oversold territory, it could trigger price reversals if it hits rock bottom. 

Still, technical signals indicate that there is an imminent buildup for Shiba Inu that could spark an upward consolidation.

If this lingers, it could result in a massive breakout for the dog-themed meme coin.

However, on the flip side, if the bearish momentum continues and fails to reclaim the $0.00000879 pivot point, it could trigger further declines. Such a price slip could see SHIB threaten the $0.0000075 support.

As of press time, Shiba Inu is changing hands at $0.000008617, which reflects a 2.32% decline in the last 24 hours.

The trading volume has also witnessed a significant 22.85% drawdown to $134.5 million. This poor outlook reflects the broader crypto market's risk-off sentiment.

SHIB reversal imminent?It is worth noting that the free-fall Shiba Inu has been experiencing is coming to an end. As U.Today reported, the asset displayed significant features like flattened volatility and sharp liquidation. The SHIB market is currently moving into the middle stages.  

Shiba Inu’s metrics suggest that the meme coin could witness trend reversals as the worst appears to be over. Market observers say SHIB has followed similar patterns in the past and signals that the meme coin is set to shift into a stable zone.

For Shiba Inu, it appears the asset will self-correct its price. This is because other factors, such as the deflationary burn mechanism, have little effect. 

Over the last 24 hours, there has been no burn activity, and it will not trigger the changes that SHIB needs.

Investors will have to patiently wait for a significant shift in price to start its upward climb to reach zero.

17h05 ▪
4
min read ▪ by
Eddy S.

Summarize this article with:

In February 2025, Argentina experienced an unprecedented episode: its president, Javier Milei, promoted on X a crypto named $LIBRA. A few hours later, the price collapsed, leaving thousands of investors stranded with estimated losses of 400 million dollars. A parliamentary committee has just concluded an “alleged scam“.

In brief

An Argentinian parliamentary report concludes that there was “alleged fraud” in the promotion of the $LIBRA crypto by Javier Milei.
Milei’s allies reject the report, calling it a political maneuver and “idiocy,” while the opposition demands accountability.
The $LIBRA affair raises questions about the risks of opaque crypto launches and the influence of public officials in their promotion.

Parliamentary Report: Javier Milei Accused of Scam in $LIBRA Affair
The investigative committee, chaired by the opposition, delivered its verdict on November 19, 2025: the facts analyzed in the $LIBRA case are compatible with a scam. According to the report, Javier Milei and his sister, Karina Milei, bear “political responsibility” in this crypto scandal. Deputies emphasize that the presidential promotion served as a catalyst for a “rug pull“, a scam where developers abandon a project after attracting funds.

On February 14, 2025, Javier Milei shared an enthusiastic message on X, praising the crypto $LIBRA as a tool to finance Argentine SMEs. Within hours, tens of thousands of investors, many of them individuals, had bought the token. Then, the price collapsed, causing colossal losses. Milei later stated he did not know the project details. However, dozens of complaints have been filed, centralized under the authority of a judge and a prosecutor.

The promotion of the crypto $LIBRA by Javier Milei
The report highlights the abusive use of presidential influence to promote a speculative asset, as well as the lack of transparency surrounding the crypto project. The findings have been forwarded to the judiciary, which must determine if prosecution is possible.

A “Null” and Politicized Report? The Counterattack of Milei’s Supporters
From the moment the report on the crypto $LIBRA was published, Javier Milei’s supporters cried conspiracy. For them, this investigation is merely a political maneuver aimed at weakening the president before the next elections. Majority deputies boycotted the committee’s work, denouncing a “null” and “buffoonish” report, according to the terms used during parliamentary debates.

Milei’s close associates recall that the president did not benefit directly from $LIBRA and that his promotion on X was a simple “communication error“. Really? They accuse the Peronist opposition of instrumentalizing justice to discredit a government shaking up the establishment.

$LIBRA, Bitcoin and the Risks of Crypto Launches: Between Fishing and Rug Pull
The $LIBRA affair reminds us of the dangers of opaque crypto launches. Unlike Bitcoin (BTC), whose transparency and decentralization have built long-term credibility, $LIBRA was launched without an independent audit, with a presidential promotion that served as bait to attract uninformed investors. The result: an immediate collapse after an organized “pump and dump”.

The risks are multiple.

Fishing, which consists of using authority figures to legitimize dubious crypto projects;
Rug pull, which refers to a scam where developers abandon a project after cashing in funds. 

In both cases, investors are the first victims. Users must therefore be extra cautious with crypto projects promoted by influencers or politicians, especially when transparency is lacking.

The $LIBRA affair therefore raises a crucial question: how far can the responsibility of public figures go in promoting risky financial assets? As Argentine justice continues its investigations, this crypto scandal involving Javier Milei could inspire stricter regulations elsewhere in the world. In your opinion, should political leaders be banned from promoting cryptocurrencies? 

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Eddy S.

The world is evolving and adaptation is the best weapon to survive in this undulating universe. Originally a crypto community manager, I am interested in anything that is directly or indirectly related to blockchain and its derivatives. To share my experience and promote a field that I am passionate about, nothing is better than writing informative and relaxed articles.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Haliey Welch faces new scrutiny as a lawsuit alleges her role in promoting a Solana meme coin that collapsed minutes after launch.

Izabela Anna2 min read

19 November 2025, 04:06 PM

Haliey Welch, widely known as the Hawk Tuah girl, now faces new legal scrutiny after a federal class action lawsuit added her name to an ongoing case involving a failed Solana meme coin. The updated filing claims that Welch played a central role in a promotional effort that encouraged thousands of retail buyers to support a token that collapsed within minutes of trading. 

The lawsuit says the token’s design and marketing created conditions that helped insiders exit early with significant gains. Moreover, the filing links the token’s launch to a broader pattern of alleged rug-pull activity involving the same wallet clusters.

New Filing Claims Welch Became a Key Player in the LaunchThe latest complaint says Welch earned up to $325,000 for the promotion. The filing claims she received $125,000 upfront and expected an additional $200,000 after meeting specific milestones. 

Besides this, the agreement allegedly placed her at the center of a full marketing funnel managed by Memetic Labs. The complaint says her involvement encouraged buyers who trusted her expanding online presence.

Welch gained significant visibility in 2024 after a viral interview shaped her online identity. She later built a large audience and launched a successful podcast. The filing claims she used this momentum to promote the Hawk Tuah token as a new cultural product with subscription-style benefits. However, the lawsuit argues that the team never created the technology needed to support these claimed features.

Lawsuit Alleges Token Collapsed as Insiders Exited QuicklyThe Hawk Tuah token reached a market cap near $490 million within minutes of trading. The price then dropped more than 90% shortly after launch. 

Hence, the complaint states that the crash occurred during a period when insiders sold large portions of their supply for more than $1.2 million. Additionally, investigators tracked the same wallet activity across earlier failed meme coins, including LIBRA, M3M3, AIAI, and a separate token tied to former political branding deals.

Significantly, the filing links these patterns to similar timing and extraction methods across past collapses. Consequently, the new amendment names Welch, her manager Johnnie Forster, and her company 16 Minutes LLC as defendants. 

The complaint says Forster aligned Welch’s brand with the token’s rollout and promoted the launch himself. Moreover, the updated filing argues that 16 Minutes LLC negotiated the monetization agreement that supported the campaign.

Legal Team Expands Case as Investigations ContinueBurwick Law now seeks permission to proceed with new fraud allegations. The firm also requests expanded methods to reach the remaining defendants linked to the launch. Additionally, investigators continue to review related wallet flows tied to earlier meme coin failures.

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well-curated news from the crypto world!

Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

While the crypto market bleeds, South Koreans are frantically buying XRP as Upbit leads global spot volume.

Brian Njuguna2 min read

19 November 2025, 04:12 PM

Source: ShutterstockSouth Koreans Are Panic Buying XRP Amid Global Crypto BloodbathIn a surprising twist amid the ongoing cryptocurrency downturn, South Korean investors are not succumbing to fear, they’re seizing opportunity. 

According to renowned market analyst X Finance Bull, local traders are panic buying XRP, signaling a stark contrast to the global trend of crypto sell-offs.

Upbit, South Korea’s largest crypto exchange, is now leading global spot trading by a wide margin. Amid a market-wide downturn, South Koreans are flocking to XRP, seeking potential gains in the turbulence.

Source: X Finance BullAs the crypto market plunges, with Bitcoin hitting a six-month low of $90K and altcoins tanking, global investors face mounting fear, yet South Korea tells a different story.

X Finance Bull highlights that South Korean investors see the market dip as a buying opportunity, not a warning. Unlike global trends, they are strategically accumulating XRP at lower prices, positioning themselves for a potential rebound.

XRP has consistently shown resilience in South Korea, often rebounding faster than other cryptocurrencies. Upbit’s market dominance, high liquidity, and robust infrastructure empower traders to act decisively, making it a prime platform for swift movements in volatile conditions.

Korea’s surge in XRP buying is reshaping global markets. Upbit’s record volumes are boosting worldwide XRP liquidity, underscoring South Korea’s pivotal role in crypto. X Finance Bull says sustained Korean demand could stabilize XRP and spark a broader recovery.

ConclusionWhile global markets panic amid the crypto downturn, South Korean investors are boldly buying XRP, turning volatility into opportunity. With Upbit leading global spot volume, Korea’s strategic moves are reshaping trading dynamics, positioning both investors and XRP for potential recovery and growth.

ENRICH your inbox with our best storiesDon’t miss out and join our newsletter to get the latest,
well-curated news from the crypto world!

Brian Njuguna

Brian Njuguna is a seasoned crypto journalist at Coinpaper, specializing in blockchain innovation, market trends, and regulatory developments. With a background in economics and years of experience covering the digital asset space, Brian delivers sharp, data-driven insights that cut through the hype. His reporting bridges global crypto narratives with emerging market perspectives, making complex topics accessible to a wide audience.

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Latest Cryptocurrencies News TodayXRP (Ripple) News

Bitcoin has entered its most bearish phase since the current bull cycle began in January 2023, according to new analysis from CryptoQuant. In its latest weekly report, the on-chain intelligence firm says the current drawdown is fundamentally different from prior corrections, with both technical and demand-side indicators turning decisively negative.

TL;DR

Onfolio secures a credit line of up to $300 million to expand its digital asset treasury and strengthen its operations.
The first $6 million tranche has already been disbursed, and a second $2 million tranche will arrive in thirty days.
The company will allocate part of the funds to the purchase and staking of crypto assets and another part to operational expansion.

Onfolio Holdings obtained a financing line of up to $300 million through a convertible note facility with an institutional investor from the United States, aimed at expanding its digital asset treasury, generating yields through staking, and strengthening its operating structure.

The first $6 million tranche was closed on November 18, 2025, and a second $2 million tranche is expected within thirty days; up to $292 million will remain available in future rounds subject to conditions.

The company will allocate approximately $2.5 million of the initial net proceeds to the purchase and staking of digital assets and another $2.5 million to drive the strategic growth of its online businesses. In later rounds, the allocation will shift: 75% of net proceeds will go to acquiring crypto assets and 25% to operations, according to the company’s official statement.

Onfolio is building a multi-asset treasury that includes Bitcoin, Ethereum, and Solana, and plans to delegate staking to digital financial platforms to obtain additional yields. CEO Dom Wells explained that the goal is to combine the upside potential of the crypto market with the operating cash flow of a portfolio of profitable businesses, aiming for staking returns to complement operational discipline and growth through acquisitions.

Onfolio Stock Soars 36%
The company’s strategy breaks from the single‐asset approach of some corporate treasuries and aims to diversify to dilute concentration risk while taking advantage of the different yield profiles among assets. The company also stated that the transaction will strengthen its balance sheet and improve working capital, enabling internal optimizations, strategic hiring, and new acquisitions.

The market reacted very positively to the move: Onfolio shares rose by about 36% after the announcement. The news improved market perception of the company’s ability to attract institutional capital thanks to its hybrid strategy. Curvature Securities acted as exclusive placement agent for the transaction.

With this new structure, Onfolio aims to build a modern public vehicle that integrates a disruptive digital treasury with cash-generating businesses, maintaining discipline in capital allocation and continuing to scale.

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

According to industry voices, the US is likely to hold off buying Bitcoin until others move first. That view came from crypto entrepreneur Mike Alfred, who said the government will step in only “when there is enough pressure externally.”

His comment frames Washington’s approach as reactive rather than leading. The timing remains unclear.

Governments Watching Each Other
According to Alfred, a wider trend could follow if prices climb. He told listeners he expects Bitcoin to reach $1 million by 2033, and he argued that most countries will hold some Bitcoin by then, either directly or through indirect exposure.

Other well-known figures, including Strategy chairman Michael Saylor and Coinbase CEO Brian Armstrong, have offered sooner time frames, suggesting seven-figure prices could arrive as early as 2030 or 2035.

Those forecasts are being used by some industry players to push governments to act now rather than later.

Strategic Reserve Still Lacks A Playbook
US President Donald Trump signed an executive order in March to create a Strategic Bitcoin Reserve. The order directed use of budget-neutral methods for building the reserve, but a formal plan has not been rolled out.

Galaxy Digital analyst Alex Thorn has recently argued there is a “strong chance” the US will announce it is formally holding BTC as a strategic asset this year, yet no confirmed holdings have been made public. The proposal exists on paper; practical steps have not been made visible.

yes, i mean the U.S. government announcing, not bessent’s offhand comment on tv

that comment gave us hints of where they think the size of the reserve stands but is not a formal announcement of the SBR https://t.co/ADxguLJ8vH

— Alex Thorn (@intangiblecoins) September 11, 2025

Warning About Being Front-Run
Some industry figures say delay carries risks. Jan3 founder Samson Mow warned that the US “has to start” acquiring Bitcoin soon or risk being front-run by other nations, naming Pakistan as an example of a country planning purchases.

BTCUSD now trading at $90,952. Chart: TradingView
Alfred pointed out that widespread official recognition of Bitcoin in the US felt unlikely before the March order. Many in the sector see a budding race to secure BTC, and pressure from abroad could be a deciding factor for policymakers.

Institutions Joining The Fray
Institutions are expanding their footprint despite price moves. Bitcoin has slid below $95,000. Still, institutional activity appears to be growing.

A major US digital trading platform and a chartered bank have opened crypto trading to institutional clients, while the derivatives arm of the Singapore Exchange is adding perpetual futures.

Policy shifts have also allowed some firms to launch crypto exchange-traded products, widening access. These steps show that firms are building infrastructure and services even while prices wobble.

Supply concentration is also becoming more visible. Corporations now control about 14% of Bitcoin’s 21 million supply through product firms and companies holding BTC on their books.

That 14% number does not include large holdings by miners, sovereigns like El Salvador, or assets locked in decentralized finance protocols, all of which would push the share higher.

With so much supply clustered in specific hands, liquidity could tighten. Governments watching this trend may feel compelled to add Bitcoin to official stores simply to keep pace with other holders.

Waiting And Observing For Now
Alfred is basically saying that the US will probably wait before buying Bitcoin. He thinks the government wants to see other countries take the first big step before it starts collecting Bitcoin itself. For now, the Strategic Bitcoin Reserve is more of a plan on paper than something actually happening.

Featured image from Unsplash, chart from TradingView

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.

Pfizer and supplier Tris Pharma reached a $41.5 million settlement with Texas to resolve claims over alleged quality control lapses in medicine to treat attention deficit hyperactivity disorder in children, Texas Attorney General Ken Paxton said on Wednesday.

Nvidia Corp (NASDAQ:NVDA, XETRA:NVD) is expected to beat market expectations when it reports later today, according to analysts at Wedbush, who believe strong enterprise demand and AI infrastructure investment will continue to drive results.

Wedbush cited evidence from Asia supply chains and Big Tech’s capex as key indicators of momentum. The firm expects significant focus on Nvidia’s next-generation Blackwell chips and believes current market forecasts are too conservative.

The report argues that geopolitical restrictions on chip exports to China have opened new market gaps Nvidia is positioned to fill. Wedbush sees AI investment still in the early stages and forecasts global tech capex will top $550 billion in 2026.

“In a nutshell there is one company in the world that is the foundation for the AI Revolution and that is Nvidia with the Godfather of AI Jensen having the best perch and vantage point to discuss overall enterprise AI demand,” the broker said in a note.

Nvidia is rated ‘Outperform’ by Wedbush with a price target of $210.

Q3: 2025-11-12 Earnings SummaryEPS of $0.13 beats by $0.01

 |

Revenue of

$676.83M

(0.80% Y/Y)

misses by $5.78M

KinderCare Learning Companies, Inc. (KLC) J.P. Morgan 2025 Ultimate Services Investor Conference November 18, 2025 3:20 PM EST

Company Participants

Anthony Amandi - Chief Financial Officer

Conference Call Participants

Judson Lindley - JPMorgan Chase & Co, Research Division

Presentation

Judson Lindley
JPMorgan Chase & Co, Research Division

Awesome. Well, thank you guys for joining us. This is the business services track at the Ultimate Services Investor Conference. I'm joined now by Tony Amandi, the CFO of KinderCare Learning Companies. My name is Judson Lindley. I'm an analyst on Andrew Steinerman's business and Information Services team at JPMorgan. And the format of this fireside chat will be 20, 25 minutes of Q&A for me, and then I will open up the floor to see if anyone has any questions. But thank you for being here, Tony.

Anthony Amandi
Chief Financial Officer

Thanks, Judson.

Question-and-Answer Session

Judson Lindley
JPMorgan Chase & Co, Research Division

Yes. So we've just kind of passed the first year anniversary of KinderCare as a public company. So I thought maybe just to start, I'd give you a chance to assess what has been -- I think you would probably admit a little bit of a bumpy first year. So maybe take us through the plans you laid out at the IPO and what's transpired since then?

Anthony Amandi
Chief Financial Officer

Sure. So I'm guessing everybody knows, but let me take a quick step back. So KinderCare, our biggest focus is early childhood education. So we do that through 1,600 centers, the majority of which are community-based. We have about 75 centers that are on or near site. And we also utilize all those community ones for employers business as well to get them involved in our community centers. And then we also have our [ Creme ] brand, which is a premium brand that's in there. It's about 45 centers that

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Kingsoft Cloud Holdings Limited (KC) Q3 2025 Earnings Call November 19, 2025 7:15 AM EST

Company Participants

Nicole Shan - Investor Relations Officer
Tao Zou - Vice Chairman of the Board & Acting CEO
Yi Li - Chief Financial Officer

Conference Call Participants

Xiaodan Zhang - China International Capital Corporation Limited, Research Division
Wenting Yu - CLSA Limited, Research Division
Timothy Zhao - Goldman Sachs Group, Inc., Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to Kingsoft Cloud's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Nicole Shan, IR Director of Kingsoft Cloud. Please go ahead.

Nicole Shan
Investor Relations Officer

Thank you, operator. Hello, everyone, and thank you for joining us today. Kingsoft Cloud's Third quarter 2025 earnings release was distributed earlier today and is available on our IR website at ir.ksyun.com as well as on the PRNewswire Services.

On the call today from Kingsoft Cloud, we have our Vice Chairman and CEO, Mr. Zou Tao; and CFO, Ms. Li Yi. Mr. Zou will review our business strategies, operations and other company highlights followed by Ms. Li, who will discuss the financial performance. They will be available to answer your questions during the Q&A session that follows.

There will be consecutive interpretation. Our interpretations are for your convenience and reference purposes only. In case of any discrepancy, management statement in original language will prevail.

Before we begin, I'd like to remind you that this conference call contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended and as defined in the U.S. Private Security Litigation Reform Act of 1995. These forward-looking statements are based upon management's current expectations and

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November 19, 2025 10:34 ET

 | Source:

BNP Paribas Primary New Issues

19/11/25

Not for distribution, directly or indirectly, in or into the United States or any jurisdiction in which such distribution would be unlawful.

FORTUNE STAR (BVI) LIMITED

Post-stabilisation Period Announcement

NO STABILISATION CARRIED OUT

[Further to the pre-stabilisation period announcement dated 13/11/25 BNP Paribas (contact: Stanford Hartman telephone: 0207 595 8222) hereby gives notice that no stabilisation (within the meaning of Article 3.2(d) of the Market Abuse Regulation (EU/596/2014)) was undertaken by the Stabilisation Manager(s) named below in relation to the offer of the following securities.

Securities

Issuer:FORTUNE STAR (BVI) LIMITEDGuarantor(s) (if any):FOSUN INTERNATIONAL LIMITEDAggregate nominal amount:EUR 400mDescription:5.875% NOTE DUE 20 NOV 2030Offer price:100 Stabilisation Manager(s)

Name(s):BNP PARIBAS, DEUTSCHE BANK This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.

This announcement is not an offer of securities for sale into the United States. The securities referred to above have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There has not been and will not be a public offer of the securities in the United States.

NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Bernstein Liebhard LLP announces that a shareholder has filed a securities class action lawsuit on behalf of investors (the “Class”) who purchased or acquired (i) the common stock of Primo Water Corporation (“Primo Water”) between June 17, 2024 through November 8, 2024, inclusive, and/or (ii) the common stock of Primo Brands Corporation (“Primo Brands” or the “Company”) (NYSE: PRMB) between November 11, 2024 through November 6, 2025, inclusive (collectively, the “Class Period”). Following a merger of Primo Water with an affiliate of BlueTriton Brands, Inc., which was announced on June 17, 2024 (the “Merger”), the combined entity operated as Primo Brands.

Should You Join This Class Action Lawsuit?

Do you, or did you, own shares of Primo Brands Corporation (NYSE: PRMB)?Did you purchase your shares between June 17, 2024 and November 6, 2025, inclusive?Did you lose money in your investment in Primo Brands Corporation? If you purchased or acquired Primo Brands common stock, and/or would like to discuss your legal rights and options please visit Primo Brands Corporation Shareholder Class Action Lawsuit or contact Investor Relations Manager Peter Allocco at (212) 951-2030 or [email protected].

According to the lawsuit, Defendants made misrepresentations concerning operational efficiencies from the Merger.

If you wish to serve as lead plaintiff for the Class, you must file papers by January 12, 2026. A lead plaintiff is a representative party acting on other class members’ behalf in directing the litigation. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff. If you choose to take no action, you may remain an absent class member.

All representation is on a contingency fee basis. Shareholders pay no fees or expenses.

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of class actions, the Firm has been named to The National Law Journal’s “Plaintiffs’ Hot List” thirteen times and listed in The Legal 500 for sixteen consecutive years.

ATTORNEY ADVERTISING. © 2025 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Contact Information:

Peter Allocco
Investor Relations Manager
Bernstein Liebhard LLP
https://www.bernlieb.com
(212) 951-2030
[email protected]