Market Signal Briefing

The cryptocurrency market is having a breather after a bearish start to the week. Bitcoin rallied above $92k a few hours ago after dropping below $90k on Tuesday. Ether and other major cryptocurrencies are also in the green.

TL;DR

A sharp drop in the Coinbase Bitcoin Premium signals weaker U.S. demand while selling pressure remains persistent.
Extended negative data from Coinglass and CryptoQuant for more than two weeks points to institutional profit-taking instead of broad selling.
Meanwhile, Asian and European markets show rising spot flows, highlighting a geographic shift of liquidity, not a structural decline in Bitcoin demand.

Bitcoin trading on Coinbase shows a clear decline in spot demand coming from U.S. markets. A closely watched indicator tracking institutional appetite remains negative, and analysts highlight a sustained period of selling rather than accumulation. The pattern suggests a shift in liquidity leadership and growing influence from non-U.S. trading venues.  

Coinbase Premium Signals Weakening U.S. Demand For Bitcoin
The Coinbase Premium Index compares Bitcoin prices on Coinbase with other global exchanges. Over recent sessions, the index has stayed below zero, meaning Bitcoin trades at a discount on Coinbase relative to offshore platforms. Coinglass data shows persistent red readings while prices fluctuate around $90,000. Analysts note that discount phases often coincide with rebalancing among large market participants, who adjust exposure through short-term rotation without fully exiting their BTC positions.

This pressure mirrors a previous stress zone seen in February, when the premium dropped to nearly minus $138. At that time, several institutional desks in the United States reduced spot allocation after months of rapid accumulation. Analysts argue the current move reflects profit realization rather than a bearish market shift. Selling appears concentrated among U.S. entities trimming exposure, not a collapse in global demand.

Global Liquidity Rises As Offshore Trading Strengthens
While U.S. demand cools, offshore exchanges are reporting stronger flows backed by stablecoin inflows in USDT and USDC. CryptoQuant highlights continued growth in Asian spot activity, with regional funds expanding their positions. In addition, data from Kaiko shows deeper order books on several Asian platforms, suggesting liquidity providers are responding to increasing regional participation.

Recent market developments illustrate this shift. Hong Kong’s spot Bitcoin ETFs have surpassed $2 billion in cumulative volume, attracting increasingly large market players, while market-making desks in Singapore have expanded BTC reserves to serve regional demand. These movements signal a growing role for non-U.S. markets in Bitcoin price formation.

The negative Coinbase premium reflects institutional rebalancing in the United States after a long accumulation phase. Rather than signaling a downturn, current data points to a rotation of liquidity toward offshore exchanges. 

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.

The midweek landscape on the crypto market opens with a combination of chart disruptions, silent accumulation and a crucial Bollinger Bands signal forming on Bitcoin’s monthly chart. The most attention remains on the earnings report from $4.41 trillion tech giant Nvidia, which is now considered a prime benchmark for risk appetite across all the financial markets.

TL;DR XRP printed an abnormal jump to $90 on Kraken, a 3,600% deviation from its $2.17 price, followed by a 98% retrace.Someone  withdrew 272,556,924,649 SHIB from Coinbase, absorbing $2.38 million in the Shiba Inu meme coin.Despite the FUD, Bitcoin trades at $91,360, with the monthly midband sitting at $87,600, keeping the structure firmly bullish.XRP hits $90 on Kraken in abnormal 3,600% price spikeThe XRP chart printed the most chaotic moment of the week when the Kraken feed threw a vertical candle to $90 before snapping back to the $2.13 zone almost immediately, as per TradingView. Just seconds earlier, XRP sat at $2.17, so the swing represented a more than 3,600% deviation on a major U.S. exchange, where moves like that do not occur under normal market conditions.

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The glitch did not happen only on the upside. Right before the spike, the same pair briefly showed a wick to $0.00272, a near-total collapse for a fraction of a second. Two opposite extremes landing in the same short window remove any doubt: this was a system fault, not real trading. 

Whether it came from an order book gap, delayed matching engine layers, or a desync between the interface and execution routes, the outcome was the same — a price that nobody in the market could capture.

XRP/USD on Kraken by TradingViewThis pattern is familiar to XRP’s U.S. venue history. Similar one-off prints appeared on Gemini when liquidity thinned or execution stalled, generating isolated candles that never reflected the actual market. The broader XRP price across major exchanges stayed in its usual $2-range corridor during the entire episode, confirming it was not a repricing event.

272,556,924,649 SHIB leave Coinbase into unknownWhile XRP printed a chart anomaly, SHIB delivered a real on-chain read. A new wallet pulled 272,556,924,649 SHIB from Coinbase — a $2.38 million move at the moment of transfer. Arkham data shows the address holding only two assets, SHIB and a small BASED balance, with SHIB making up almost the entire $2.38 million stack. 

All inflows over the last three weeks trace back to Coinbase hot wallets, broken into three structured deposits that add up to the full 272.5 billion coins.

Source: ArkhamThe latest seven-day chain flow data shows SHIB's net exchange flow changing direction, going from a few days of negative to a strong positive and then back into negative again. This kind of pattern often happens when money is withdrawn in stages and the market adjusts later.

Price action confirms the disconnect. SHIB is trading near $0.00000871 and is holding a clean weekly downtrend, with zero reaction to the large pull. Meme assets do not usually respond straight away to whale movements. On-chain signals show up early, and spot liquidity only catches up when conditions change weeks later.

Bitcoin’s bull run deadline revealed by Bollinger BandsThe monthly Bollinger Bands on Bitcoin have opened a clear structural gap, as per TradingView. The midband is at $87,600 on the current candle, while spot trades are near $91,360. Even after dropping 27% from its early October highs above $125,000, Bitcoin has not breached the support level, maintaining the overall structure.

The midband on the monthly chart is the line that shows if an uptrend keeps going. As long as the price closes above it, the market is still considered bullish, even during big dips. This month's drop into the $89,000-$91,000 range did not break that rule.

Source: TradingViewWith 11 days left, Bitcoin would need to close under $87,600 to keep the market stable. So far, there has been no indication of that. ETFs keep on taking in supply, and liquidity is still all over the place, but it is there, and long-term holders have not unwound any major positions.

The move from $125,000 into the low $90,000s is just a shift in volatility inside the upper half of the monthly bands, not a major reversal. As long as the midband holds on a closing basis, Bitcoin keeps its bullish frame despite some short-term turbulence.

Crypto market outlookThe next stretch of sessions will turn on Bitcoin’s monthly structure holding above $87,600, on whether altcoin liquidity stabilizes after this week’s distortions and on Nvidia’s $4.41 trillion earnings reaction setting the tone for the risk cycle ahead.

Bitcoin (BTC): Trades above the $87,600 monthly midband at $91,360, maintaining the bullish structural trend. XRP: Underlying price stable near $2.13 despite glitch-driven anomalies on Kraken. Shiba Inu (SHIB): Price muted despite a 272.5 billion outflow from Coinbase, suggesting accumulation under weak retail sentiment.
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VanEck has officially launched its VanEck Solana ETF (VSOL), giving investors exposure to Solana’s native token (SOL). It also allows them to earn staking rewards earned by validating transactions on the network. VanEck shared the update in a new blog post.
At launch, VanEck is waiving its sponsor fee for the first $1 billion in assets or until February 17, 2026. Afterward, the company notes that a standard 0.30% fee will apply. The third-party staking provider will also waive fees during this period.

VanEck’s Solana ETF, $VSOL, is now live and trading.

Prospectus: https://t.co/qEAAqPSncb pic.twitter.com/SnNaE6YbWv

— VanEck (@vaneck_us) November 17, 2025

Solana’s network is known for its high throughput and low-cost architecture, processing tens of millions of transactions per day across decentralized finance, NFTs, gaming, and tokenized real-world assets. Validators stake SOL to secure the network and earn rewards, which VSOL allows investors to indirectly participate in.

An investment in the VanEck Solana ETF (“VSOL,” or the “Trust”) is subject to significant risk and may not be suitable for all investors. The value of Solana is highly volatile, and you can lose your entire principal investment. VSOL is not an investment company registered under…

— VanEck (@vaneck_us) November 18, 2025

Growing Competition in Solana ETFs
VanEck’s launch comes amid a broader wave of Solana-focused ETFs in the U.S. market. Fidelity’s FSOL ETF is set to launch on November 19, offering professional investors access to Solana trading and staking exposure, while Canary Funds plans its SOLC ETF in partnership with Marinade Finance. 

The growing ETF landscape indicates rising institutional interest in Solana and staking-based yield products, allowing investors to gain regulated exposure to crypto without direct custody risks.

VanEck’s ETF is part of a broader digital asset ETF strategy, which includes its Bitcoin ETF (HODL), Ethereum ETF (ETHV), and other thematic products like the Digital Transformation ETF (DAPP) and Onchain Economy ETF (NODE). Globally, VanEck manages over $5.2 billion across crypto-focused products.

Solana 🤝 Fidelity

– Trade SOL direct from a Fidelity brokerage account

– Trade the Fidelity Solana ETF from any brokerage

– ??? pic.twitter.com/CsmvId9Yot

— Solana (@solana) November 18, 2025

The launch reflects increasing investor demand for regulated, exchange-traded crypto products that combine exposure to leading networks like Solana with yield-generating features such as staking. 

With multiple Solana ETFs arriving on the market, investors now have more options to access SOL in a compliant, institutional-grade format, signaling a maturing landscape for crypto ETFs in the U.S.

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

What to Know:

New Hampshire’s $100M Bitcoin-backed municipal bond gives $BTC a compliant route into a roughly $140T global debt market.
The state’s strategic Bitcoin reserve law, allowing up to 5% of funds in Bitcoin, shows treasuries are treating crypto as long-term collateral.
Bitcoin Hyper aims to provide a fast, SVM-powered Bitcoin Layer 2 so that this new collateral can move efficiently across DeFi and institutional rails.
With $28M raised, audited contracts, and staking at 41%, $HYPER targets utility in Bitcoin’s evolving bond and reserve landscape.

New Hampshire just did what crypto Twitter has been memeing about for years: it put Bitcoin in a suit and marched it into the bond market.

The state’s Business Finance Authority has approved a first of its kind $100M municipal conduit bond backed by over-collateralized Bitcoin. The borrower posts around 160% of the bond value in $BTC as collateral, with liquidation only if coverage drops below roughly 130%.

This mechanism effectively opens a path for digital assets into a global debt market worth about $140T. If more states, cities, and agencies copy the playbook, Bitcoin stops being just a macro hedge and starts behaving like high-grade collateral in traditional fixed income.

New Hampshire is not acting in a vacuum either. Earlier this year, it became the first state to pass a strategic Bitcoin reserve law, letting the treasurer allocate up to 5% of public funds into Bitcoin and other mega-cap digital assets, held in tightly regulated custody.

Taken together, a sovereign-style reserve plus a Bitcoin-backed bond framework is a clear signal: state-level actors are preparing to use Bitcoin as both reserve asset and working collateral.

Once Bitcoin is locked into bonds, reserves, and tokenized debt rails, slow base layer transactions and high fees become a real problem. You cannot plug institutional-grade collateral into a creaky payment pipe.

That is exactly where the Bitcoin Hyper ($HYPER) presale slides into the conversation.

Bitcoin Hyper Builds Rails For Bitcoin’s New Collateral Era
If Bitcoin is going to sit behind municipal bonds and state reserves, the market will need fast, programmable infrastructure that still respects Bitcoin’s security guarantees. Bitcoin Hyper ($HYPER) is aiming to be that middle layer.

The project is building a Bitcoin Layer 2 that uses a canonical bridge and Solana Virtual Machine tech to move wrapped Bitcoin on a high-throughput chain.

Users deposit $BTC to a monitored L1 address, an SVM smart contract verifies the transaction, and the equivalent amount is minted on the Hyper network.

Transactions are then cleared on the L2 with near instant finality and are periodically settled back to Bitcoin.

On top of that settlement layer, Bitcoin Hyper plans to support dApps, DeFi, NFTs, and gaming via SVM, so the same infrastructure that moves Bitcoin collateral can also host more complex products.

$HYPER: The Potential ROI of $BTC’s New Infrastructure
The alignment between what New Hampshire has just kicked off and what Bitcoin Hyper is building is hard to ignore.

A Bitcoin that backs bonds and sits in strategic reserves needs more than cold storage vaults; it needs a performant, audited, programmable environment so value can actually move. Bitcoin Hyper is trying to occupy that lane while $HYPER is still under a cent and a half.

The presale just surpassed $28M with $HYPER priced at $0.013295, which already makes this one of the best crypto presales of 2025.

Considering the project’s long-term utility, investor support, and current presale numbers, our price prediction for $HYPER puts the token at $0.08625 by the end of 2026. A solid bull market could push it to $0.253 by 2030, likely higher once the implementation process kicks off.

In terms of profit, think ROIs of 548% by 2026 and 1,802% or higher by 2030.

If the thesis is that Bitcoin becomes pristine collateral for a chunk of that $140T debt pile, then high-speed, secure rails that keep that collateral moving are the picks and shovels.

Bitcoin Hyper is positioning itself as one of those rails, so read our guide on how to buy $HYPER before the presale ends; Q4 2025-Q1 2026 is the projected window for the official launch.

Go to the presale page and buy your $HYPER today.

This isn’t financial advice. DYOR before investing.

Authored by Aaron Walker, NewsBTC: https://www.newsbtc.com/news/new-hampshire-bitcoin-backed-bond-helps-bitcoin-hyper

Bitcoin's realized losses hit -16% as price dips below $90K. Whales and El Salvador buy heavily while BTC tests key support near $91K.

Bitcoin’s price has dropped to levels last seen in April 2025. The asset briefly fell below $90,000, as traders reacted to continued downside pressure.

On-chain data and accumulation trends are now showing signals that, in the past, have appeared near market lows.

Losses Deepen for Short-Term Holders
According to analyst Ali Martinez, Bitcoin’s realized loss margin has fallen to -16%. This metric tracks the average percentage loss taken when coins are sold. In previous cycles, a drop below -12% has often marked the beginning of a recovery. Bitcoin is now well below that level.

Bitcoin $BTC usually rebounds when traders’ realized loss margin falls below -12%.

It’s now sitting at -16%. pic.twitter.com/o0biyQefi6

— Ali (@ali_charts) November 18, 2025

The cryptocurrency is trading above $91,500 at press time, while the realized price stands near $114,000. This difference shows that many holders are selling at a loss. Similar setups in 2023 and 2024 were followed by price recoveries.

Large Wallets Are Accumulating
As Bitcoin dropped toward $89,000, long-term holders increased their buying. Data from CryptoQuant, shared by Crypto Seth, shows the 30-day demand from permanent holders is now at its highest level ever. These wallets rarely move their holdings, which suggests continued accumulation during the decline.

Similarly, El Salvador bought more than 1,000 BTC during the decline, increasing its total to about 7,500 BTC. The country’s Bitcoin Office confirmed the $100 million purchase, making it the largest single-day buy since it began accumulating.

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3 On-Chain Factors Pointing to Deeper Bitcoin Correction, Analyst Warns

Bitcoin Crashes Below $92K, Ethereum Under $3K—Liquidations Surge to $800M

Price Tests Key Support Range
Bitcoin is now sitting near a historical support area between $90,000 and $93,000. This zone supported the price action between November 2024 and February 2025, and again in late April. According to Rekt Capital, a rebound depends on whether this area continues to hold.

After falling below $91,000, BTC quickly bounced to about $93,600, showing some buying interest. Trader Michaël van de Poppe said,

“I don’t know whether this is the low or it hits $85K, but the arguments are lining up.”

He noted that the CME gap has now closed and that short-term moving averages have diverged sharply from the current price. He also pointed out that the Fear and Greed Index has dropped to 11, the lowest reading since the Luna crash. This level often reflects strong panic across the market.

In past cycles, Bitcoin topped in 2017 and 2021 before falling over the course of 12 months. Both declines ranged from -77% to -84%. If October 2025 was the peak of the current cycle, a similar timeline could place the next bottom around October 2026.

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Fidelity has launched its Solana ETF with zero fees until May 2026. Analysts say the firm could quickly dominate the growing SOL ETF market as inflows surge.

Emir Abyazov2 min read

19 November 2025, 11:16 AM

Fidelity Investments has officially launched trading of its Fidelity Solana Fund ETF (FSOL) on NYSE Arca as of November 18, 2025, marking another major step in the mainstream expansion of Solana-based investment products.

A day before trading began, Fidelity filed Form 8-A with the U.S. Securities and Exchange Commission (SEC). Under updated cryptocurrency listing rules, this streamlined process allows issuers to bypass extended document amendments — enabling a quicker launch.

FSOL includes staking through trusted intermediaries. A representative told The Block that Fidelity will not charge placement or management fees until May 2026, a move analysts see as a competitive advantage in attracting early capital.

This becomes the fifth spot Solana ETF in the United States, not counting products from REX Shares and Osprey Funds, which operate as C Corporations rather than traditional investment contracts. Other providers already in the market include Bitwise, Grayscale Investments, and VanEck.

Analysts Expect Fidelity to Lead the Solana ETF MarketFSOL launches alongside SOLC, a spot Solana ETF from Canary Capital, which is also scheduled to debut on November 18. Still, experts believe Fidelity is positioned to take the lead given its size, brand trust, and fee structure.

Bloomberg Intelligence analyst Eric Balchunas noted:

“Easily the biggest asset manager in this category with BlackRock sitting out. $BSOL got out first, has $450m, $VSOL launched today, Grayscale is in mix. Game on.”

Source: X/EricBalchunasNovaDius Wealth Management CEO Nate Geraci echoed this sentiment, questioning why BlackRock — the world’s largest asset manager — has not yet extended its crypto ETF lineup.

Meanwhile, capital continues pouring into the wider crypto ETF sector, totaling over $342 million in the first 10 days of the month, reinforcing sustained market interest.

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Latest Solana (SOL) News Today

Looking at Tron's price performance this week, the action feels more like a roller coaster for holders and traders alike. TRX started with a slight uptick, but quickly turned red, registering a 3.65% loss over the last seven days. Market participants watched as the price hovered near $0.2881, pushing against support.

Thanks to swift intervention from security partners, whitehat rescuers, and blockchain foundations, a significant portion of the funds was protected or recovered.
The incident highlights both the risks and resilience of decentralized finance, offering lessons for investors and beginners alike. Let’s discover more about what happened to Balancer

Understanding the Exploit
The vulnerability stemmed from a rounding error in the “exact out” swap process. In simple terms, this type of swap allows users to request a specific amount of tokens, with the system calculating how much they need to deposit. A miscalculation caused the input to be slightly underestimated, allowing attackers to extract funds without paying the correct amount. The exploit required three conditions: the rounding error, imprecise rate providers, and low liquidity. Only Composable Stable Pools on V2 met all three conditions, leaving other Balancer pools, including V3, unaffected.

Today, we released our full post-mortem on the recent exploit.

I encourage everyone to read it to understand what happened, how we responded, and our path forward.

This is not the end. We remain fully dedicated to our recovery efforts and are exploring every avenue to restore… https://t.co/ccLogIRIeS

— Marcus | Balancer 🦇🔊 (@Marcus_Balancer) November 18, 2025

The attackers first drained the pool with an “exitSwap,” exploiting the rounding error in a low liquidity state. They then executed a series of carefully calculated swaps, gradually lowering the pool’s token value and allowing the extraction of large sums. Unlike typical hacks, the stolen assets often accumulated internally before being withdrawn, giving security teams precious minutes to act.

If you had funds on BEX during the Balancer incident, please check your status.

The vast majority of impacted stablecoin funds on BEX have now been claimed.

For ETH and BERA pools, recovered funds are also available. Over 90% of ETH has been claimed, but only about 40% of BERA…

— Berachain Foundation 🐻⛓ (@berachain) November 18, 2025

A real-world example of effective mitigation came from Crypto.com and Ether.fi, who successfully withdrew funds during the emergency pause, limiting losses. Whitehat rescuers operating under the SEAL Safe Harbor Agreement also recovered $4.6 million across multiple chains. Coordinated responses across Ethereum, Polygon, Arbitrum, Base, and Optimism helped secure around $45.7 million in funds.

Underreported: over $20M so far of the Balancer hack has been saved by white hats. The media may have moved on, but victims have not.

Hats off to white hats everywhere—the unsung protectors of DeFi. They are the superheroes of crypto, and they do it for free. 🫡

h/t @_SEAL_Org https://t.co/7HzmcSzUUB

— Haseeb ＞|＜ (@hosseeb) November 12, 2025

Lessons and Moving Forward
Balancer’s post-mortem emphasizes the importance of continuous security audits and the value of strong ecosystem partnerships. V3’s architecture, with strict rounding controls and simplified math, successfully prevented similar attacks. Recent trends show more protocols adopting layered defenses and proactive whitehat programs to safeguard user assets.

Cyfrin Audits Co-founder Patrick Collins talks about the recent Balancer exploit and cloud chasers posting fake hack analysis:

“Be careful of KOLs who don’t know what the f*ck they’re talking about. Most of them don’t.” pic.twitter.com/24wUSnLqSU

— The Rollup (@therollupco) November 6, 2025

The incident also reinforces the need for liquidity providers to stay informed and proactive. Balancer encourages users to migrate from V2 stable pools to V3, offering a safer and more robust platform. Balancer will return recovered funds to users proportionally, and ongoing legal and technical teams are actively reclaiming additional losses.

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

STRK has entered the top 100 alts after a 24% surge daily.

Bitcoin managed to rebound from the recent seven-month low beneath $90,000, but its progress was halted at $94,000 yesterday.

Some of the most volatile larger-cap alts are ZEC and HYPE. The former has resumed its rally with another 9% surge, while HYPE has plunged by more than 6%.

BTC Settles at $91.5K
The primary cryptocurrency has been on an evident downfall since early October, which only worsened at the start of November. Just last week, the asset tapped $107,000 after some positive developments in the US, but was rejected and driven south hard in the following days.

By Thursday evening, it was below $100,000 once again, and it plummeted to $94,000 on Friday afternoon. After a brief recovery attempt during the weekend, the bears were back in control and drove it further south.

This time, the $90,000 support cracked and BTC dropped to $89,000 for the first time since April, marking a seven-month low. The bulls finally stepped up at this point and helped bitcoin bounce off to almost $94,000 yesterday.

Another rejection followed, and BTC tested the $90,000 line again, which held this time. As of now, the asset stands about a grand and a half higher, with a market cap of $1.830 trillion. Its dominance over the alts has taken another hit and is down 56.6% on CG.

BTCUSD. Source: TradingView
ZEC, WBT Up
Most larger-cap alts have produced minor moves over the past day. ETH, DOGE, SOL, BCH, and BNB are slightly in the green, while XRP, TRX, ADA, and LINK are with insignificant losses. HYPE and XMR have lost the most value from the larger-cap alts, with losses of up to 6-7%.

In contrast, ZEC has risen by almost 9% and trades close to $620 once again. CRO is up by 7%, while WBT has surged by 18% to $60. STRK has reentered the top 100 alts by market cap after a 24% surge.

The total crypto market cap has recovered $20 billion in a day and is up to $3.220 trillion on CG.

Cryptocurrency Market Overview Daily. Source: QuantifyCrypto

The recent crypto market correction has reignited questions about the durability of corporate Bitcoin treasury plays, but Matrixport researchers say the largest of them, Strategy, still appears on track for possible S&P 500 inclusion.

Despite recurring doubts about whether Strategy’s business model can withstand deep drawdowns, analysts argue that a forced, large-scale liquidation by the world’s largest corporate Bitcoin (BTC) holder is not a “near-term risk,” according to a Wednesday research report by Matrixport.

Instead, the real pressure from the recent correction is on the stockholders who bought the stock at an inflated net asset value (NAV), who are currently suffering the impact of the company’s NAV compression.

While Strategy’s shares fell from a peak of $474 to about $207, the company may still be poised for inclusion in the S&P 500 index in December, wrote Matrixport.

“When overlaid with Bitcoin, the shares now appear relatively cheap, and the possibility of S&P 500 inclusion in December still exists.”However, investors should treat this as an important reminder of the importance of “timing and valuation” when it comes to investments, the report added.

Source: MatrixportCrypto market intelligence company 10X Research also predicted a 70% chance that Strategy will be added to the S&P 500 index before the end of the year, Cointelegraph reported on Oct. 29.

Strategy received a “B-” credit rating from S&P Global Ratings, placing it in the speculative, non-investment grade territory often associated with “junk bonds.”

This marks the first time a Bitcoin‑treasury-focused company has received an S&P Global assessment, establishing a new potential benchmark for evaluating crypto treasury companies.

Falling mNAV values continue to plague smaller corporate crypto holdersStill, concerns persist over the sustainability of smaller digital asset treasuries (DATs), as several companies saw their market net asset value (mNAV) fall below key thresholds this year, effectively limiting their ability to raise funds for further Bitcoin purchases.

The mNAV ratio compares a company’s enterprise value to the value of its crypto holdings. An mNAV above 1 allows a company to raise funds by issuing new shares to accumulate digital assets. Values below 1 make it much harder to expand capital and holdings.

Several DATs saw their mNAVs slip below this key level, including Strategy, Bitmine, Metaplanet (MTPLF), Sharplink Gaming (SBET), Upexi (UPXI) and DeFi Development Corp (DFDV).

Digital asset treasuries’ mNAVs have been under broad pressure since June. Source: Standard CharteredWhile smaller treasury firms are starting to feel the pressure of the correction, Strategy’s executive chairman, Michael Saylor, said he is not concerned about another major Bitcoin downturn.

“The company is engineered to take an 80 to 90% drawdown and keep on ticking,” said Saylor, during an interview with Fox Business on Tuesday. 

Strategy bought 8,178 Bitcoin worth $835 million in its latest purchase announced on Monday, marking a significant increase compared to the average Bitcoin investments of around 400–500 BTC over the past month.

Magazine: Bitcoin to see ‘one more big thrust’ to $150K, ETH pressure builds

On 7 October 2025, Stockwik Förvaltning AB (“Stockwik” or the “Company”) announced that the board of directors, based on the authorisation granted by the annual general meeting on 16 May 2025, had resolved on a directed share issue of 900,000 shares (the “Share Issue”) to ENDI Corp. at a subscription price of SEK 23,00 per share, subject to the Swedish Inspectorate for Strategic Products (Sw. Inspektionen för strategiska produkter) granting clearance of ENDI Corp’s investment in Stockwik (the “FDI Clearance”) pursuant to the Swedish Screening of Foreign Direct Investments Act (Sw. lagen (2023:560) om granskning av utländska direktinvesteringar). On 11 November 2025, the Company announced that ENDI Corp. had obtained the FDI Clearance. ENDI Corp. has now subscribed and paid for the shares and the Share Issue has been registered with the Swedish Companies Registration Office.

Through the Share Issue, the Company received gross proceeds of SEK 20.7 million (before transaction costs). The Share Issue increased the number of shares and votes in the Company by 900,000 shares and votes, from 6,311,041 shares and votes to 7,211,041 shares and votes. The share capital increased by SEK 450,000.01, from SEK 3,155,520.57 to SEK 3,605,520.58.

”It is with great anticipation that we welcome ENDI Corp. as Stockwik’s new main shareholder supporting the company’s future growth. It is also a show of confidence that other large shareholders in Stockwik seize the opportunity to increase their holdings at a price per share well above current market price.” says Stockwik’s CEO Urban Lindskog.

The information was submitted for publication by the designated contact person below on 19 November 2025 at 11:00 (CET).

For further information, please contact:
Urban Lindskog, President and CEO
Stockwik Förvaltning AB (publ)
E-mail: [email protected]

About Stockwik

Stockwik offers a stable platform for small businesses to develop both organically and through acquisitions. Stockwik's companies offer value-adding products and services to corporate customers. Stockwik is listed on Nasdaq Stockholm Small Cap with the short name STWK.

251119 Stockwik Completed share issue

, /PRNewswire/ -- Liverpool FC is proud to welcome PayPal as the club's official digital payments partner in a new global, multi-year deal. This marks PayPal's first-ever collaboration with a Premier League club, further positioning the company as the smarter way to pay for football fans globally.

LFC x PayPal

A global leader in digital payments, PayPal has over 400 million active accounts across 200 markets, supporting transactions in 25 currencies. With decades of expertise in secure, fast, and flexible payment solutions, PayPal is set to enhance the way Liverpool FC fans engage with the club and football experiences, both online and in person.

One of the ways this will happen is via PayPal+, the company's brand-new, first-ever free loyalty programme, where fans can earn reward points when using PayPal to pay for matchday purchases1, adding to the experience and elevating engagement. And loyalty will be rewarded. Starting at the Blue tier, consumers unlock Gold and Black tiers as they earn more points, with each tier recognising loyalty with even bigger rewards. Gold and Black tier members enjoy points worth up to 50% more at checkout, along with access to other exclusive Liverpool FC perks.

PayPal, already available as a payment option across LFC's digital platforms, will also become the club's preferred digital payment method. As part of this enhanced integration, PayPal will be featured more prominently on checkout and payment screens across the club's ecommerce and All Red platforms, making it even easier and more seamless for fans to complete their transactions securely and efficiently. PayPal branding will also appear in Anfield and St Helens during matches.

Through this collaboration, LFC and PayPal will collaborate on initiatives that elevate the profile of LFC Women and expand grassroots football programmes through LFC Foundation, helping to nurture the next generation of talent and grow the game at all levels.

Ben Latty, Chief Commercial Officer at Liverpool FC, said: "PayPal is the original brand known for trust in digital payments, and we're delighted to welcome them to the LFC family. Their expertise in powering payments around the world makes them the ideal partner to help us elevate the experience for supporters worldwide."

"This partnership is an exciting step forward in our commitment to innovation, ensuring fans can engage with the club in a seamless and secure way. PayPal's dedication to supporting women's football and grassroots development also aligns perfectly with our values and future focus, making this collaboration even more meaningful."

Geoff Seeley, Chief Marketing Officer at PayPal, said: "Our global collaboration with LFC reinforces our relationship with sports fans everywhere, building on our world class professional and collegiate sports partnerships around the world.

We're offering customers a seamless and flexible experience that rewards them for doing something they love, whether buying the new kit or grabbing a pint at the match and settling up with friends later—PayPal is the smarter way to pay for LFC and sports fans globally."

About PayPal
For over 25 years, PayPal has been at the forefront of the digital commerce revolution. Creating innovative experiences that make moving money, selling, and shopping simple, personalised, and secure, PayPal empowers consumers and businesses in approximately 200 markets to join and thrive in the global economy. For more information, visit: https://www.paypal.com, https://about.pypl.com/, and https://investor.pypl.com/.

Press contacts
Matt Crowhurst, PayPal - [email protected]

1 Rewards are earned as points under the PayPal+ rewards programme. To start earning, you must be enrolled in PayPal+. If you are not yet enrolled, you can sign up the PayPal app. PayPal+ Terms and conditions apply.

SOURCE PayPal

, /PRNewswire/ -- Waterdrop Inc. (NYSE: WDH) ("Waterdrop" or the "Company"), a leading technology platform dedicated to insurance and healthcare service with a positive social impact, today announced that it will report its unaudited financial results for the third quarter ended September 30, 2025, before U.S. markets open on Wednesday, December 3, 2025.

Waterdrop's management team will hold a conference call on December 3, 2025 at 7:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time on the same day) to discuss the financial results. Dial-in details for the earnings conference call are as follows:

International:

1-412-317-6061

United States Toll Free:

1-888-317-6003

Hong Kong Toll Free:

800-963976

Hong Kong:

852-58081995

Mainland China:

4001-206115

Chinese Line (Mandarin) Entry Number:

7542307

English Interpretation Line (Listen-only Mode) Entry Number:

0716285

Participants can choose between the Chinese and the English interpretation lines. Please note that the English interpretation option will be in listen-only mode. Please dial in 15 minutes before the call is scheduled to begin and provide the Elite Entry Number to join the call.

Telephone replays will be accessible two hours after the conclusion of the conference call through December 10, 2025 by dialing the following numbers:

United States Toll Free:

1-855-669-9658

International Toll:

1-412-317-0088

Chinese Line Access Code:

8770407

English Interpretation Line Access Code:

6961259

Additionally, live and archived webcasts of the conference call will be available at the Company's investor relations website at http://ir.waterdrop-inc.com/.

About Waterdrop Inc.

Waterdrop Inc. (NYSE: WDH) is a leading technology platform dedicated to insurance and healthcare service with a positive social impact. Founded in 2016, with the comprehensive coverage of Waterdrop Insurance Marketplace and Waterdrop Medical Crowdfunding, Waterdrop aims to bring insurance and healthcare service to billions through technology. For more information, please visit www.waterdrop-inc.com.

For investor inquiries, please contact

Waterdrop Inc.
[email protected]

SOURCE Waterdrop Inc.

Graphite industry veteran joins Focus Graphite to accelerate the company's operational, purification, production, and commercial readiness. Ottawa, Ontario--(Newsfile Corp. - November 19, 2025) - Focus Graphite Inc. (TSXV: FMS) (OTCQB: FCSMF) (FSE: FKC0) ("Focus" or the "Company"), a leading developer of high-grade flake graphite deposits and innovator of next-generation lithium-ion battery technology, is pleased to announce the appointment of Richard Pearce as Strategic Advisor.

Over the last 10 months, President Trump has become close with Jensen Huang, Nvidia's chief executive, as the company's chips have become a tool in trade and peace talks.

SEATTLE and NEW YORK, Nov. 19, 2025 (GLOBE NEWSWIRE) -- Zillow® is giving renters a new way to turn their largest monthly expense into real financial progress with CreditClimb, an affordable and straightforward credit-building tool powered by Esusu.

Starting today, renters nationwide can enroll directly through Zillow to have their on-time rent payments automatically reported to all three major credit bureaus for $20 a year. CreditClimb also lets renters track their credit score, and add up to two years of past rent payments to their report, helping them build credit faster.

Nearly 87% of renters don't see their rent payments reflected in their credit reports, a gap that can make it harder to qualify for loans, secure affordable financing or eventually buy a home. Renters in Esusu-powered programs have seen an average credit score increase of 45 points after consistent on-time reporting, collectively unlocking more than $30 billion in mortgages after reporting their rent payments.

“Renters have more options when they have paths to establish and strengthen their credit,” said Michael Sherman, senior vice president of Zillow Rentals. “That can mean qualifying for better financing, securing their next rental, or moving confidently toward homeownership. With CreditClimb, renters can use the rental payments they already make to build credit and strengthen their financial future.”

Through Esusu’s technology, CreditClimb reports payments securely to Equifax, Experian and TransUnion, ensuring that on-time payments contribute positively to renters’ credit profiles. Enrollment for CreditClimb is open now. Renters simply verify their lease details and payment method, and Zillow and Esusu handle the rest.

“Esusu is honored to support CreditClimb and expand new credit-building opportunities for Zillow users across the country. Credit is more than a number on a page. It is a gateway to dignity, stability, and a chance to pursue the American Dream,” said Samir Goel and Wemimo Abbey, Co-Founders and Co-CEOs of Esusu. “By joining forces, Esusu and Zillow are helping millions of renters step into a future where their hard work is recognized, their aspirations are supported, and their dreams are finally within reach.”

Since launching free rent reporting for users paying rent on Zillow in early 2024, Zillow has helped more than 147,000 renters turn on-time payments into credit progress. CreditClimb expands that access to every renter in the U.S., reinforcing Zillow’s commitment to helping people not just find a home, but also build lasting stability.

More information about Zillow’s rent reporting options is available at Zillow.com/rent/rent-reporting.

About Zillow Group

Zillow Group, Inc. (Nasdaq: Z and ZG) is reimagining real estate to make home a reality for more people. As the most visited real estate app and website in the United States, Zillow and its affiliates help people find and get the home they want by connecting them with digital solutions, dedicated real estate professionals and easier buying, selling, financing and renting experiences.

Zillow Group’s affiliates and brands include Zillow, Zillow Home Loans, Zillow Rentals, Trulia, Out East, StreetEasy, HotPads, ShowingTime+, Spruce and Follow Up Boss.

About Esusu

Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu's rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. Founded in 2018, Esusu reaches over 5 million rental units and 12 million renters across all 50 states in the United States. Learn more at www.esusurent.com.

Media contacts:
Emily Smith, Zillow
[email protected]
Priscilla Atansah, Esusu
[email protected]

Wix's stock price has crashed to a bear market this year, as it has crashed by over 48% from its highest level this year, as concerns about its growth and the emerging competition rise.

Gunnar Pedersen
Chief Executive Officer

Good morning, everyone, and welcome to this third quarter presentation for Vow. For technical issues with the network in the auditorium, we had to do our last minute move into this conference room. So it's a bit packed in here, but we certainly hope everything is working out to your satisfaction and that everyone is receiving this webcast.

So today, I have Cecilie Hekneby, with me, our CFO, to do the presentation of the financials. My name is Gunnar Pedersen. I'm the CEO of Vow.

So I'm going to share with you some highlights first. Cecilie will take you through the financials. I'll come back with the market and business update before we go into summary and outlook and finally, open up for questions.

So starting off with Q3. So Q3 was a very busy quarter across the whole company, especially in Maritime Solutions, where we had record high revenues. We also continued our structured assessment of the company. And in Q3, specifically, we did some deep dive into the big industrial projects. What we found was that there was 2 big projects that had underestimated cost to completion, which has impacted the margins and also leading to a reversal of revenue. Cecilie will take you through the details of that. And also it's been published in a notice earlier in October.

So in the Maritime Solutions segment, we've had record high revenue and also a very positive development on the margins, perhaps a bit on the very high side compared to what you normally should expect. This is due to a reduced share of legacy contracts, but also the

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

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

Lava lamps are seen through a lobby window at the headquarters of Cloudflare in San Francisco, Wednesday, Aug. 31, 2022. Credit: AP Photo/Eric Risberg, File

A widely used Internet infrastructure company said that it has resolved an issue that led to outages impacting users of everything from ChatGPT and the online game, "League of Legends," to the New Jersey Transit system early Tuesday.

At 12:44 p.m. EST, Cloudflare said its engineers no longer saw some of the issues plaguing its customers, but that they were continuing to monitor for any further problems.

Others platforms that experienced outages Tuesday included the social media site X, Shopify, Dropbox, Coinbase, and the Moody's credit ratings service. Moody's website displayed an Error Code 500 and instructed individuals to visit Cloudflare's website for more information.

New Jersey Transit said parts of its digital services including njtransit.com, may be temporarily unavailable or slow to load. And New York City Emergency Management said there are reports city services being impacted by the outage. The city is continuing to monitor for disruptions.

In France, national railway company SNCF's website has been affected. The company warned customers that "some information and schedules may not be available or up to date. Our teams are working to restore these services as quickly as possible."

Cloudflare, based in San Francisco, works behind the scenes to make the internet faster and safer, but when problems flare up "it results in massive digital gridlock" for internet users, cybersecurity expert Mike Chapple said.

While most people think there's a direct line between their digital device and a website, what actually happens is that companies like Cloudflare sits in the middle of those connections, he said.

Cloudflare is a "content delivery network" that takes content from 20% of the world's websites and mirrors them on thousands of servers worldwide, said Chapple, an information technology professor at the University of Notre Dame's Mendoza College of Business.

"When you access a website protected by Cloudflare, your computer doesn't connect directly to that site," Chapple said. "Instead, it connects to the nearest Cloudflare server, which might be very close to your home. That protects the website from a flood of traffic, and it provides you with a faster response. It's a win-win for everyone, until it fails, and 20% of the internet goes down at the same time."

Last month Microsoft had to deploy a fix to address an outage of their Azure cloud portal that left users unable to access Office 365, Minecraft and other services. The tech company wrote on its Azure status page that a configuration change to its Azure infrastructure caused the outage.

And Amazon experienced a massive outage of its cloud computing service in October. The company resolved the issue, but the outage took down a broad range of online services, including social media, gaming, food delivery, streaming and financial platforms.

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

Citation:
Cloudflare resolves outage that impacted thousands, ChatGPT, X and more (2025, November 19)
retrieved 19 November 2025
from https://techxplore.com/news/2025-11-cloudflare-outage-impacted-thousands-chatgpt.html

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

November 19, 2025 5:30 AM EST | Source: First Andes Silver Ltd.
Vancouver, British Columbia--(Newsfile Corp. - November 19, 2025) - FIRST ANDES SILVER LTD. (TSXV: FAS) (OTC Pink: MSLVF) (FSE: 9TZ0) ("First Andes" or the "Company") today outlined a 2025-2026 systematic property-wide exploration program to rapidly evaluate and advance the Company's 100%-owned Santas Gloria Project ("Santas Gloria" or the "Project"), located approximately 55 kilometers east of Lima, Peru.

Key Points Summary:

Santas Gloria hosts 23 mapped intermediate-sulphidation epithermal ("ISE") veins totaling more than 12 kilometres ("km") of strike, yet has never been subject to systematic modern exploration, underscoring its exceptional discovery potential;Permitting for Phase 3 drilling, targeting the Tembladera and San Jorge vein systems (and potentially Maribel and Paquita) has commenced (see news release dated November 3, 2025);First Andes' systematic 2025-2026 exploration program at Santas Gloria will comprise:High resolution WorldView-3 ("WV-3") spectral alteration mineral mapping (commenced)Property-wide soil sampling program across all 23 known veins (commenced)Follow-up mapping, channel and rock sampling at WV-3 and soil anomaliesGround Induced Polarization ("IP") program at newly defined drill target areasDrill permitting and subsequent drill testing (Phase 4);WV-3 and soil sampling will commence in November, 2025:Final products for spectral alteration mineral mapping are expected in 5-6 weeksFirst half of property-wide soil sampling to be completed in February, 2026, with analytical results anticipated in March, 2026Remaining soil samples to be collected following the wet season (April onwards), with analytical results expected in Q2, 2026;Targeted mapping, channel and rock sampling to commence following the full receipt of soil assays and subsequent integration/interpretation of new exploration database (i.e. WV-3 data) to distill high-priority drill targets property-wide;Gound IP geophysics will be utilized to rank and refine Phase 4 drill targets, and permitting of drill pad will be initiated immediately thereafter."Santas Gloria remains one of the most compelling underexplored silver districts in Peru, hosting 23 mapped ISE veins totaling over 12 kilometers of strike. Despite this endowment, the Project has never been systematically explored using industry-proven evaluation techniques, such as soil geochemistry, ground geophysics (IP) and high-resolution spectral alteration mineral mapping (WV-3)," stated Colin Smith, CEO and Director of First Andes Silver. "With Phase 3 drill permitting underway and a fully integrated 2025-2026 exploration program on deck, First Andes is taking the first truly integrated approach to vectoring into high-grade mineralization across the entire Property."

2025-2026 Santas Gloria Exploration Program

WorldView-3 Spectral Mapping (Figure 1)

First Andes Silver has initiated a 50 km² property-wide WV-3 spectral mapping and interpretation program at Santas Gloria, marking a key first step in the Company's systematic, district-scale exploration strategy to evaluate all 23 mapped ISE veins, the majority of which have never been explored.

The WV-3 dataset will include:

2-m resolution spectral alteration products and 50-centimeter ("cm") resolution natural-colour imagery;Detailed mapping of up to 12 alteration mineral maps, including key ISE pathfinders:Alunite, kaolinite, sericite, montmorillonite, chlorite, epidote, jarosite, hematite, goethite, opal/chalcedony, calcite, and iron oxides;50 km2 of high-resolution context images: Greyscale image (50-cm)Natural colour image (50-cm)Geology enhanced colour image (2-m)Vegetation intensity (2-m)SWIR enhanced image (2-m)Sabins composite image (2-m)Sultan composite image (2-m);Alteration Mapping Report, summarizing the alteration mineral processing results;WV-3 satellite tasking has commenced, with data collection and imaging expected in 3 to 4 weeks, and final interpretations expected in 5 to 6 weeks.All data will be processed and interpreted in collaboration with PhotoSat Information Ltd. of Vancouver, Canada, a global leader in spectral exploration. The resulting alteration and structural interpretations will be integrated with geological and geochemical datasets, including the planned property-wide soil sampling program, to identify new high-caliber drill targets for testing in 2026.

Figure 1: Plan map of the planned WV-3 alteration mineral mapping area at Santas Gloria.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10525/275075_7f05af9a149d98a0_002full.jpg

Property-Wide Soil Sampling (Figure 2)

Soil sampling represents one of the most powerful and cost-efficient methods for evaluating ISE systems by identifying halos of geochemical dispersion which typically envelop sulphide-bearing veins. Systematic soil sampling can delineate these halos through elevated concentrations of key pathfinder elements, such as Ag, Pb, Zn, As, and Sb, which may extend several hundred meters from the mineralized core.

Beyond direct metal anomalies, soil geochemistry can also define the broader hydrothermal alteration footprint, including sericite, kaolinite, and chlorite zones, through subtle shifts in major and trace element chemistry. When integrated with spectral, geological, and geophysical datasets, soil sampling becomes a powerful vectoring tool to refine, rank, and prioritize high-potential drill targets across the property.

The proposed soil sampling program at Santas Gloria has commenced, and is summarized as follows:

Designed to cover all 23 known veins property-wide, which collectively strike >12 km;Sampling lines will be oriented north-south ("N-S"), and spaced 100 m apart;Sample spacing along soil lines is 25 m, enabling the detection of narrow veins at surface;N-S lines will extend ~200 m past the surficial trace of all 23 known veins;Sampling program will be divided into two sampling campaigns (before and after wet season);First campaign planned for November 2025 to February 2026 (all results by March 2026);Second campaign planned for April 2026 to June 2026 (all results by July 2026);All soil samples will be analyzed via 4-acid digestion and multi-element ICP-MS at ALS Laboratory in Lima, Peru.The results of the property-wide soil sampling program will provide a comprehensive geochemical framework for the Santas Gloria district, enabling First Andes to delineate new, previously untested anomalies and refine the definition of known mineralized corridors. Integration of these results with WV-3 spectral data, detailed geological mapping, rock/channel sampling, and IP geophysics will allow the Company to systematically prioritize and advance the most prospective targets toward Phase 4 drilling, marking a major step forward in unlocking the full discovery potential of the Santas Gloria epithermal vein field.

Figure 2: Plan map of the planned soil sampling program at Santas Gloria. Previous results set out in the news release dated June 2, 2021.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10525/275075_7f05af9a149d98a0_003full.jpg

Targeted Follow-Up Exploration

Following integration of the WV-3 spectral and soil geochemical datasets, First Andes will undertake a focused follow-up field program to delineate and refine high-priority drill targets across Santas Gloria, including:

Geological and Structural MappingDetailed 1:2,000 to 1:5,000 scale mapping at strongest anomalies Definition of vein orientations, and structural controls on mineralizationParticular attention will be given to fault intersections, splays and dilational jogs;Rock and Channel SamplingTargeted rock-chip and channel sampling will test anomalous Continuous channels to be collected across exposed veins and anomalies;Ground IP GeophysicsA ground IP survey will be completed across the most prospective zonesDetection subsurface chargeability and resistivity anomalies (sulphide mineralization) Results will assist in modeling vein continuity and identifying potential blind targets.The iterative integration of spectral, geochemical, geological and geophysical datasets will enable First Andes to confidently rank and advance the most promising targets toward Phase 4 drilling.

Qualified Person

Dr. Christopher Wilson, Ph.D., FAusIMM (CP), FSEG, FGS, a Qualified Person under National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Dr. Wilson serves as Chief Geologist of First Andes Silver Ltd. and is a shareholder of the Company.

About First Andes Silver Ltd.

First Andes Silver Ltd. is a British Columbia company that holds a 100% interest in the high-grade Santas Gloria silver property, located in a major mining district 55 km east of Lima, Peru. Santas Gloria has excellent established road access, and is situated within a well-known intermediate sulphidation epithermal belt, and hosts over 12 km of multiphase veins mapped at surface which had never been historically drilled or explored by modern techniques before 2024. First Andes' maiden diamond drill program last year reported high-grade silver grades on all drilled vein systems confirming silver endowment and warranting high priority follow-up drilling in 2025.

For more information please contact:
Colin Smith, CEO & Director
Phone: 604 806-0626 (ext. 108)
E-mail: [email protected]

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. The Company cautions that all forward-looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to Company's limited operating history, ability to obtain sufficient financing to carry out its exploration programs and the need to comply with environmental and governmental regulations. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or revise forward-looking information.

The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275075

Anheuser-Busch InBev , one of the world's largest beer companies and owner of brands like Budweiser, Stella Artois and Michelob, is reportedly in talks to buy BeatBox, a manufacturer of boxed, wine-based punch, for around $700 million.

Spain's Prime Minister Pedro Sanchez said on Wednesday his government would investigate Facebook and Instagram owner Meta for possible violation of privacy of users of its social media applications.

According to latest reports, Pi Network is trying to use its huge community of more than 50 million users to create a decentralized AI compute layer. The idea is simple. Instead of depending only on giant cloud providers, Pi wants everyday people and their devices to help power AI.

How the Network Would Work

Pi already has thousands of active desktop nodes. These nodes are now being tested to run real AI tasks using spare computing power. Early tests, including the OpenMind proof-of-concept, show that Pi nodes can handle basic AI workloads.

If the system grows, developers could pay for compute using the Pi token, and node operators would earn Pi in return. This gives the token real utility tied to real work.

Why This Matters for AI and Blockchain

If successful, Pi could link AI and blockchain in a new way by turning community devices into a shared, people-powered supercomputer. This would create a more open and less centralized AI ecosystem, without relying only on big data centers.

The Reality Check: Price Is Still Weak

After a difficult year, PI is still down about 92%, and the token remains stuck in a long consolidation zone. PI is currently trading near $0.2259 after a quiet 24-hour period. Analysts say the chart is showing early signs of a possible 30% rebound, but confidence remains low due to weak trading volume and limited exchange listings.

Pi could move between $0.20 and $0.42 in 2025, with upside depending on new exchange listings, stronger demand, and real-world utility. Low trading volume and tough competition remain major risks.

Could a Rebound Happen?

There are some early signs of a possible 30% rebound, but nothing confirmed yet. Price action remains slow, even as the project pushes forward with its AI plans.

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