Market Signal Briefing

November 17, 2025 7:30 PM EST | Source: Cathedra Bitcoin Inc.
Toronto, Ontario--(Newsfile Corp. - November 17, 2025) - Cathedra Bitcoin Inc. (TSXV: CBIT) (OTCQB: CBTTF) ("Cathedra", the "Company", "we" or "us"), a leading developer and operator of power and digital infrastructure assets across North America, today announces its financial results for the three months ended September 30, 2025.

Highlights

Total revenue reached C$5.5 million.

The Company recorded a net loss of C$0.8 million, a reduction of C$3.2 million as compared to the same period of 2024.

Subsequent events:

Consolidation: The Company completed a 30:1 consolidation of its issued and outstanding subordinate voting shares and multiple voting shares with a record date of October 14, 2025 to streamline the Company's capital structure.

Data Center Expansion: The Company completed the construction of a new 15-megawatt (MW) data center, which effectively increased the existing power capacity by 50% across its portfolio in Kentucky, USA.

Infrastructure Development: The Company continued to advance its pipeline of high-potential sites, reinforcing its commitment to expanding its bitcoin mining and hosting infrastructure.

Management Commentary

"As we reflect on recent developments at Cathedra, the Company has hit several key milestones that underscore our commitment to operational excellence and strategic growth in the bitcoin mining and hosting sector," said Joel Block, CEO of Cathedra. "First, we successfully completed a 30:1 consolidation of our issued and outstanding subordinated and multiple voting shares to reduce the number of shares currently outstanding and streamline the Company's capital structure. Additionally, we have completed the construction of a new 15 megawatt (MW) data center on-time and under budget, which effectively increases the existing power capacity of our portfolio by 50%. Site development commenced in August 2025 and was brought online by October 2025, demonstrating our team's efficiency and dedication to rapid execution. We continue to expand our portfolio amid scarcity of power across the market and a general lack of available capacity, and we maintain a robust pipeline of greenfield opportunities in two forms: (i) bolt-on expansions at existing sites and (ii) new site development across a range of geographic regions."

Block continued, "During the quarter and after quarter-end, we have continued to restructure and rebalance our customer mix of hosting clients to optimize performance and profitability. Looking ahead, Cathedra remains committed to scaling our energy infrastructure to meet the growing demand for bitcoin mining and hosting services, while also evaluating other productive uses of our expanding power portfolio. We continue to set ourselves apart in this dynamic market by leveraging innovative power strategies across our assets to optimize efficiency and reduce costs. These developments reflect our continued focus on growing hosted infrastructure and strengthening relationships with leading industry partners."

About Cathedra

Cathedra develops and operates power and digital infrastructure assets across North America. The Company hosts bitcoin mining clients across its portfolio of four data centers (45 MW total) in Tennessee and Kentucky. Cathedra also operates a fleet of proprietary bitcoin mining machines at its own and third-party data center, producing approximately 400 PH/s of hash rate. Cathedra is headquartered in Vancouver and its subordinate voting shares trade on the TSX Venture Exchange under the symbol CBIT and in the OTC market under the symbol CBTTF.

For more information about Cathedra, visit cathedra.com or follow Company news on Twitter at @CathedraBitcoin or on Telegram at @CathedraBitcoin.

Media and Investor Relations Inquiries

Please contact:

Cautionary Statement

Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain "forward-looking information" and "forward-looking statements" within the meaning of applicable Canadian securities laws that are based on expectations, estimates and projections as at the date of this news release. The information in this release about future plans and objectives of the Company, including greenfield opportunities are forward-looking information. Forward-looking information contained in this news release includes but is not limited to information concerning general infrastructure development and other statements regarding future plans and objectives of the Company. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of the Company at the time it was made. The Company has also assumed that no significant events occur outside of its normal course of business.

Additionally, these forward-looking statements may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Investors are cautioned that forward-looking statements are not based on historical facts but instead reflect Cathedra's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Cathedra believes that the expectations reflected in such forward-looking statements are reasonable, such statements involve risks and uncertainties, and undue reliance should not be placed thereon, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the Company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking statements are the following: an inability successfully integrate the Kungsleden business on terms which are economic or at all; a failure to realize the expected benefits of the business plan to develop and operate high-density compute infrastructure for bitcoin mining and/or other potential end markets; the risks of an increase in the Company's electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the potential adverse impact on the Company's profitability; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; future capital needs and the ability to complete current and future financings, as well as capital market conditions in general; volatile securities markets impacting security pricing unrelated to operating performance; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws and regulations both locally and in foreign jurisdictions; compliance with extensive government regulation and the costs associated with compliance; unanticipated costs; changes in market conditions impacting the average revenue per MWh; and the risks and uncertainties associated with foreign markets. Additionally, the forward-looking statements contained herein may be affected by risks and uncertainties in the business of Cathedra and general market conditions. Please see the Company's management information circular dated June 18, 2024 which is available for view the Company's SEDAR+ profile on www.sedarplus.ca. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended and such changes could be material. Readers should not place undue reliance on forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274923

November 17, 2025 7:31 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 17, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Inspire Medical Systems, Inc. (NYSE: INSP) between August 6, 2024 and August 4, 2025, both dates inclusive (the "Class Period"), of the important January 5, 2026 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Inspire Medical class action, go to https://rosenlegal.com/submit-form/?case_id=21452 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 5, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants misrepresented and failed to disclose key facts about Inspire V, a sleep apnea device, including the actual market demand for the device and whether Inspire Medical had taken the steps necessary to launch it. Defendants issued a series of materially false and misleading statements that led investors to believe that demand for Inspire V was strong and that Inspire Medical had taken the necessary steps for a successful launch. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Inspire Medical class action, go to https://rosenlegal.com/submit-form/?case_id=21452 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274883

November 17, 2025 7:35 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 17, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of James Hardie Industries plc (NYSE: JHX) between May 20, 2025 through August 18, 2025, both dates inclusive (the "Class Period") of the important December 23, 2025 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 23, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, James Hardie Industries plc misled investors about the strength of its key North America Fiber Cement segment between May 20 and August 18, 2025. Despite knowing by April and early May that distributors were destocking inventory, James Hardie falsely claimed demand remained strong and that stock levels were "normal." When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the James Hardie class action, go to https://rosenlegal.com/submit-form/?case_id=46976 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274840

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Cytokinetics, Inc. (NASDAQ: CYTK) between December 27, 2023 and May 6, 2025, both dates inclusive (the "Class Period"), of the important November 17, 2025 lead plaintiff deadline.

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

What to do next: To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 17, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

Details of the case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements regarding the timeline for the New Drug Application ("NDA") submission and approval process for aficamten. Specifically, defendants represented that Cytokinetics expected approval from the U.S. Food and Drug Administration ("FDA") for its NDA for aficamten in the second half of 2025, based on a September 26, 2025 Prescription Drug User Fee Act ("PDUFA") date, and failed to disclose material risks related to Cytokinetics' failure to submit a Risk Evaluation and Mitigation Strategy ("REMS") that could delay the regulatory process. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cytokinetics class action, go to https://rosenlegal.com/submit-form/?case_id=45298 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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

SOURCE THE ROSEN LAW FIRM, P. A.

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.

Franklin Templeton has named Coinbase Custody as the custodian for its proposed spot XRP exchange-traded fund, according to the final prospectus submitted to the U.S. Securities and Exchange Commission. The asset manager, which manages about $1.6 trillion, disclosed that the product is scheduled to begin trading on November 18 once regulatory conditions are met.

In brief
Hive Digital Technologies stock rose about 7.5% on Monday.
The Bitcoin miner reported record revenue in its fiscal Q2 earnings, up 285% year-over-year.
Hive's Buzz subsidiary also revealed a deal with Dell for GPUs to fuel its high-performance computing business.
Publicly traded Bitcoin mining firm Hive Digital Technologies’ stock climbed Monday following the announcement of record revenue last quarter, along with a deal with computer maker Dell to power the expanding AI ambitions of Hive’s subsidiary.

Hive reported second-quarter fiscal year results ending September 30, achieving record revenue of $87.3 million—a vast 285% year-over-year increase, and 91% rise compared to the previous quarter. The company reported adjusted EBITDA of $31.5 million, pointing to strong results across both its Bitcoin mining and high-performance computing (HPC) segments.

Hive’s stock was on the rise Monday, jumping by more than 7.5% to a closing price of $3.56. Hive bucked the daily trend, which saw many major crypto stocks fall—including Circle (CRCL) by more than 6% and Coinbase (COIN) by about 7%.

Despite the daily rise, HIVE is down by more than 37% over the last month, echoing losses weathered by other prominent crypto stocks amid falling asset prices in recent weeks.

Hive climbed even as Bitcoin continued falling Monday, with the price of the top crypto asset dipping below the $92,000 mark for the first time since April. Bitcoin has now erased all of its 2025 gains, and has fallen by 27% since setting a new all-time high price above $126,000 in early October.

Hive’s Bitcoin mining revenue reached $82.1 million, driven by an 86% quarter-over-quarter increase in average hash rate to 16.2 EH/s. HIVE mined 717 Bitcoin during the quarter, up 77% from Q1 despite increased network difficulty.

Meanwhile, Hive’s Buzz high-performance computing division generated record revenue of $5.2 million, up 175% year-over-year. Gross operating margins improved significantly to 49%, though GAAP net loss was $15.8 million due to accelerated depreciation of Hive’s Bitcoin mining rigs.

Hive said it completed a 300 MW addition of new capacity in Paraguay, and recently achieved 25 EH/s operational hash rate. The company now operates a global hydro-powered data center footprint of 540 MW, with a secured path to 400 MW in Paraguay through power purchase agreements. Management projects potential scaling to 35 EH/s by Q4 2026.

Alongside earnings, Hive’s Buzz subsidiary announced a deal with Dell Technologies to deploy 504 of the manufacturer’s latest-generation GPUs through liquid-cooled servers at the Bell AI Fabric data center. The company is targeting a fleet exceeding 6,000 new GPUs by the end of 2026, paired with 5,000 GPUs that are already operational.

This expansion is projected to generate approximately $140 million in annualized HPC revenue by Q4 2026 at roughly 80% gross margins.

Many Bitcoin miners have embraced the high-performance computing opportunity amid the AI boom, and at least one, Bitfarms, recently said it will “wind down” its crypto business entirely. But Hive said it believes it has an advantage over miners that are just now entering the HPC space.

“We know a lot about Bitcoin mining, and we also know in depth and breadth more than these other Bitcoin miners that are going into the space of AI,” said Hive Executive Chairman Frank Holmes in Monday’s earnings call. “We've been doing it for three years. I believe we're quite successful. It's much more complicated.”

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

The much-anticipated public offering of Monad's native token via Coinbase generated about $43 million within the first half hour.

Cboe Global Markets is preparing to introduce a new class of crypto derivatives that could reshape how U.S. traders gain long-term exposure to digital assets. Beginning Dec. 15, the exchange will debut Bitcoin Continuous Futures (PBT) and Ether Continuous Futures (PET), marking the first time a U.S. exchange offers crypto products designed to function similarly to perpetual futures commonly found on offshore platforms.

These new contracts aim to meet surging demand for tools that allow traders to maintain ongoing, leveraged crypto positions without the inconvenience of rolling expiring futures. Each product will launch with a 10-year expiration and will settle in cash, giving institutional and sophisticated retail traders a regulatory-compliant alternative to offshore perpetual futures markets. By using daily funding adjustments tied to the Cboe Kaiko Real-Time Rate for bitcoin and ether, the contracts are engineered to stay closely aligned with spot market prices while offering a familiar funding mechanism similar to perpetual futures.

Cboe first teased the concept in September, presenting it as a response to the growing popularity of perpetual futures in the crypto world—despite their limited presence in traditional finance. While many offshore platforms dominate the perpetual futures market, Cboe’s version is built to satisfy U.S. regulatory standards, with clearing handled through Cboe Clear U.S., a CFTC-regulated clearinghouse. According to Rob Hocking, Cboe’s global head of derivatives, the structure is designed to streamline risk management and offer traders a more controlled method of accessing leveraged digital asset exposure.

The new contracts will support long and short positions, margin trading and the possibility of cross-margining with existing Cboe crypto futures, such as FBT and FET. This could make them particularly attractive to hedge funds, asset managers and traders seeking a safer, regulation-friendly alternative to offshore platforms. Trading will operate nearly 24/5, from Sunday evening to Friday evening Eastern Time, enabling almost round-the-clock market access.

These continuous futures could become a significant milestone in bridging traditional finance and crypto derivatives, offering institutional-grade security with the flexibility crypto traders expect.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Fundstrat's and CNBC Contributor Tom Lee tells CNBC's Leslie Picker on “ETF Edge” he believes the market is ‘nearing a bottom.' Bitwise Asset Management CIO Matt Hougan agrees, saying there are ‘great buying opportunities for long-term investors.

Journalist

Posted: November 18, 2025

Key Takeaways
How much has XRP declined from its recent high?
XRP has dropped 16.17% from its recent peak at $2.60, currently trading at $2.1551, with a 2.62% decline as of 17 November.

What percentage of XRP holders are now in loss?
Approximately 30-35% of XRP supply is currently held at a loss according to Glassnode data, marking a significant deterioration from October.

XRP continues its downward trajectory despite the historic launch of spot XRP ETFs on 14 November, with the token declining 16% from recent highs as holder profitability collapses to levels not seen since earlier this year.

The cryptocurrency trades at $2.1551 as of this writing, extending losses from the $2.60 level reached in recent weeks. 

The 16.17% decline occurred despite regulatory clarity improving through the launch of its spot XRP ETF in September, which marked the first U.S.-listed fund offering direct exposure to the asset.

Holder profitability collapses to multi-month lows
Glassnode data reveals a dramatic deterioration in XRP holder profitability throughout November. 

The percent of supply in profit has crashed from approximately 85-90% in October to current levels between 65-70%, meaning roughly one-third of all XRP holders now sit on unrealized losses.

Source: Glassnode

This marks a significant shift from earlier periods when nearly 100% of supply remained profitable. During January’s rally to $4 and again in July and August, when XRP traded near $3.50, virtually all holders enjoyed gains. 

The current reading represents the lowest profitability level since November 2024.

The correlation between declining prices and supply profitability demonstrates mounting pressure on holders. 

As more wallets fall underwater, the risk of capitulation selling increases, potentially accelerating downward momentum if support levels fail to hold.

XRP technical indicators signal ongoing weakness
XRP’s Relative Strength Index stands at 37.81, indicating oversold conditions are approaching but have not yet been reached. 

The indicator suggests additional downside remains possible before a technical bounce materializes. 

Source: TradingView

Previous RSI readings below 30 historically marked short-term bottoms, though current momentum shows no signs of reversal.

Price action reveals failed attempts to sustain rallies above $2.60. Each bounce has met immediate selling pressure, pushing XRP back toward the $2.10-$2.15 support zone. 

A breakdown below this level could accelerate losses toward the $2.00 psychological barrier.

The decline proves particularly notable given the timing. XRP ETFs launched in the previous week amid expectations that regulated investment products would drive institutional demand. 

Market context and ETF impact
Despite these institutional developments, XRP has failed to maintain momentum. The token peaked near $3.40 during the earlier 2025 rallies but has since surrendered most of its gains. 

Current prices sit approximately 37% below those highs, with the recent 16% decline from $2.60 representing fresh weakness.

The broader cryptocurrency market’s weakness has contributed to XRP’s decline. Bitcoin and Ethereum both face selling pressure, with Bitcoin testing $92,000 support and Ethereum briefly breaking below $3,000. 

This sector-wide correction has weighed on altcoins, including XRP, regardless of individual fundamental developments.

A sharp divergence emerged in the crypto ETF market this month.

According to SoSo Value data, the new products tracking Solana and XRP are attracting significant capital, contrasting with a severe wave of outflows from established Bitcoin and Ethereum funds.

The data shows that the newly launched altcoin ETFs have registered more than $500 million in combined inflows in less than a month.

These inflows highlight growing investor interest in assets beyond the market leaders.

Solana ETFs, which launched in October, have accumulated $382.05 million in total inflows in just three weeks. The three funds, managed by Grayscale, Bitwise, and VanEck, now oversee combined assets worth more than $541.31 million, according to SoSo Value.

Meanwhile, demand for the newer XRP product has proven similarly robust.

The spot XRP ETF, launched by Canary Capital last week, attracted $250 million in its first day of trading on nearly $60 million in volume.

Nate Geraci, co-founder of the ETF Institute and President of NovaDius Wealth, highlighted the significance of the product’s performance on X, saying:

“Canary XRP ETF has [posted the] highest day one trading volume out of 900+ ETF launches this year.”

According to him, this was further evidence of how spot crypto ETFs’ performance has consistently and significantly surpassed the expectations of the traditional finance sector.

While he noted that skepticism from the “old guard” of traditional finance remains high, investor capital is the definitive measure of success.

Still, he pointed out that spot crypto ETFs have consistently exceeded expectations and have come to dominate the list of top ETF launches in the last two years.

Bitcoin and Ethereum see major outflowsThe enthusiasm for altcoin funds stands in stark contrast to US-based spot Bitcoin ETFs, which recorded significant outflows of more than $3 billion over the three weeks ending Nov. 14.

The redemptions were sustained, beginning with $798 million for the week ending Oct. 31. Outflows then accelerated to $1.2 billion for the week ending Nov. 7, followed by another $1.1 billion shed for the week ending Nov. 14.

US Bitcoin ETF Flows (Source: Trader T)Ethereum ETFs experienced a similar trend, shedding more than $1.2 billion in total during the same period. Following modest inflows of $15 million in the last week of October, the ETH funds experienced significant outflows of more than $500 million and $728 million in the subsequent two weeks.

US Spot Ethereum ETFs Flows (Source: Trader T)That amounts to a total of $4.2 billion in outflows across Bitcoin and Ethereum ETFs alone.

James Butterfill of CoinShares suggested the recent drawdowns from the Bitcoin and Ethereum ETFs are linked to macro-level concerns.

He wrote:

“We believe the combination of monetary policy uncertainty and crypto-native whale sellers are the main reasons for this most recent negative funk.”

Meanwhile, BlackRock’s funds were responsible for around 50% of the redemptions, with IBIT and ETHA collectively losing more than $2 billion. Nearly $1.4 billion left IBIT, while over $700 million exited ETHA.

During this period, BlackRock’s ETHA registered a $421 million outflow, its largest weekly loss since launching in 2024.

Despite the recent pullback, a Q3 2025 overview of IBIT’s institutional ownership showed a 15% increase in the number of institutional holders. Total institutional ownership rose by 1% to reach 29%, with Sovereign Wealth Fund and UAE ownership at 2.14% and 4.1%, respectively.

Mentioned in this article

November 17, 2025 5:26 PM EST | Source: Radisson Mining Resources
Rouyn-Noranda, Quebec--(Newsfile Corp. - November 17, 2025) - Radisson Mining Resources Inc. (TSXV: RDS) (OTCQX: RMRDF) ("Radisson" or the "Company") is pleased to announce that it has received total gross proceeds of C$1,481,694.12 from the exercise of 5,487,756 class A shares purchase warrants (the "Warrants") at a price of $0.27 per warrant. The Warrants were issued in relation to a private placement completed in November 2023 and had an expiry of November 17, 2025.

Furthermore, the Company has received additional total gross proceeds of C$42,126.72 from the early exercise of 113,856 class A shares purchase warrants (the "Warrants") at a price of $0.37 per warrant. The warrants were issued in relation to a private placement completed in October 2024.

Matt Manson, President and CEO, commented: "The exercise of these warrants, held by long-standing and supportive shareholders, further strengthens Radisson's financial position and supports the Company's ongoing growth initiatives. At the end of October, our treasury stood at approximately C$36 million, fully funding our ongoing 140,000 metre step out drill program at the O'Brien Gold Project."

As of today, 5,430,431 warrants remain outstanding at an exercise price of $0.37, with expiry dates ranging from October 22, 2026, to October 29, 2026. If fully exercised, these warrants represent potential gross proceeds of C$2,009,259.47. No warrants were issued in connection with the Company's C$12 million private placement, completed in May 2025, nor in the most recent C$25 million private placement, completed in October 2025.

Radisson Mining Resources Inc.

Radisson is a gold exploration company focused on its 100% owned O'Brien Gold Project, located in the Bousquet-Cadillac mining camp along the world-renowned Larder-Lake-Cadillac Break in Abitibi, Québec. A July 2025 Preliminary Economic Assessment described a low cost and high value project with an 11-year mine life and significant upside potential based on the use of existing regional infrastructure. Indicated Mineral Resources are estimated at 0.58 million ounces (2.20 million tonnes at 8.2 g/t Au), with additional Inferred Mineral Resources estimated at 0.93 million ounces (6.67 million tonnes at 4.4 g/t Au). Please see the NI 43-101 "O'Brien Gold Project Technical Report and Preliminary Economic Assessment, Québec, Canada" effective June 27, 2025, and other filings made with Canadian securities regulatory authorities available at www.sedarplus.ca for further details and assumptions relating to the O'Brien Gold Project.

Forward-Looking Statements

This news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections, and interpretations as at the date of this news release. Forward-looking statements including, but are not limited to, statements with respect to the ability to execute the Company's plans relating to the O'Brien Gold Project as set out in the Preliminary Economic Assessment; the Company's ability to complete its planned exploration and development programs; the absence of adverse conditions at the O'Brien Gold Project; the absence of unforeseen operational delays; the absence of material delays in obtaining necessary permits; the price of gold remaining at levels that render the O'Brien Gold Project profitable; the Company's ability to continue raising necessary capital to finance its operations; the ability to realize on the mineral resource and mineral reserve estimates; assumptions regarding present and future business strategies; local and global geopolitical and economic conditions and the environment in which the Company operates and will operate in the future; planned and ongoing drilling; the significance of drill results; the ability to continue drilling; the impact of drilling on the definition of any resource; and the ability to incorporate new drilling in an updated technical report and resource modelling; the Company's ability to grow the O'Brien Gold Project; and the ability to convert inferred mineral resources to indicated mineral resources.

Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "interpreted", "management's view", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information. Except for statements of historical fact relating to the Company, certain information contained herein constitutes forward-looking statements Forward-looking information is based on estimates of management of the Company, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others; the risk that the O'Brien Gold Project will never reach the production stage (including due to a lack of financing); the Company's capital requirements and access to funding; changes in legislation, regulations and accounting standards to which the Company is subject, including environmental, health and safety standards, and the impact of such legislation, regulations and standards on the Company's activities; price volatility and availability of commodities; instability in the global financial system; the effects of high inflation, such as higher commodity prices; the risk of any future litigation against the Company; changes in project parameters and/or economic assessments as plans continue to be refined; the risk that actual costs may exceed estimated costs; geological, mining and exploration technical problems; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; delays in obtaining governmental approvals or financing; risks relating to the drill results at O'Brien; the significance of drill results; and the ability of drill results to accurately predict mineralization. Although the forward-looking information contained in this news release is based upon what management believes, or believed at the time, to be reasonable assumptions, the parties cannot assure shareholders and prospective purchasers of securities that actual results will be consistent with such forward-looking information, as there may be other factors that cause results not to be as anticipated, estimated or intended, and neither the Company nor any other person assumes responsibility for the accuracy and completeness of any such forward-looking information. The Company believes that this forward-looking information is based on reasonable assumptions, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this press release should not be unduly relied upon. The Company does not undertake, and assumes no obligation, to update or revise any such forward-looking statements or forward-looking information contained herein to reflect new events or circumstances, except as may be required by law. These statements speak only as of the date of this news release.

Please refer to the "Risks and Uncertainties Related to Exploration" and the "Risks Related to Financing and Development" sections of the Company's Management's Discussion and Analysis dated April 29, 2025 for the year ended December 31, 2024, and the Company's Management's Discussion and Analysis dated August 27, 2025 for the three-month period ended June 30, 2025, all of which are available electronically on SEDAR+ at www.sedarplus.ca. All forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274899

Elite Pharmaceuticals, Inc. (OTCQB:ELTP) Q2 2026 Earnings Call November 17, 2025 11:30 AM EST

Company Participants

Nasrat Hakim - Chairman, CEO & President
Carter Ward - CFO, Secretary & Treasurer

Presentation

Operator

Good morning, ladies and gentlemen, and welcome to the Elite Pharmaceuticals Second Quarter of Fiscal Year 2026 Conference Call. [Operator Instructions]

Before management begins speaking, the conference has the following statement. Elite would like to remind the listeners that remarks made during this call may contain forward-looking statements that involve risks and uncertainties that are subject to change at any time, including, but not limited to, statement about Elite's expectations regarding forward operating results. Forward-looking statements are made pursuant to the safe harbor provisions of the federal securities laws and represent management's current expectations. Actual results may differ materially. Elite disclaims any obligation to update or revise its forward-looking statements, except as required by law. More complete information regarding forward-looking statements, risks and uncertainties can be found in the reports Elite files with the SEC, which is available on Elite's website at elitepharma.com under the Investor Relations section. Elite encourages you to review these documents carefully.

With that covered, it is now my pleasure to turn the floor over to your host, Mr. Nasrat Hakim, President and Chief Executive Officer of Elite Pharmaceuticals. Sir, the floor is yours.

Nasrat Hakim
Chairman, CEO & President

Thank you, Matthew, and good morning, ladies and gentlemen, and thank you for joining us today. My name is Nasrat Hakim. I am Elite's Chairman and CEO, and this is our earnings call. Our CFO, Carter Ward, will give you a summary of the company's financials, after which I'll give you an update and answer some of the questions you've submitted to Dianne. Carter, you are on.

Carter Ward
CFO, Secretary & Treasurer

Thank

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November 17, 2025 5:28 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 17, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Firefly Aerospace Inc. (NASDAQ: FLY) resulting from allegations that Firefly Aerospace may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Firefly Aerospace securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46681 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 22, 2025, after market close, The Wall Street Journal published an article entitled "Firefly Aerospace Posts Wider Loss as Revenue Falls." The article stated that Firefly "logged a wider loss and lower revenue in its latest quarter, marking its first earnings report since its stock market debut last month."

On this news, Firefly stock fell 15.3% on September 23, 2025.

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

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

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

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274895

BILLERICA, Mass.--(BUSINESS WIRE)--Quanterix Corporation (NASDAQ: QTRX), a company transforming healthcare by accelerating biomarker breakthroughs from discovery to diagnostics, today announced the publication of a landmark study in the high-impact journal Brain. The paper validates that multiplexed Simoa assays for Glial Fibrillary Acidic Protein (GFAP) and Neurofilament Light Chain (NfL) establish a robust, complementary two-pronged approach for comprehensive Multiple Sclerosis (MS) disease a.

Key takeaways:

ETH falls to a 4-month low despite recent layer-2 growth cutting base fees and boosting Ethereum’s use in tokenization and stablecoin.

ETH may recover as global risks ease and new liquidity enters markets, helping the price move back toward $3,900.

Ether (ETH) crashed below $3,000 on Monday, and the drop reflects a sector-wide risk-off shift where traders are worried that the bull run may have ended after a 40% correction from the $4,956 all-time high in August.

ETH/USD (blue) vs. altcoin market cap (red). Source: TradingView / CointelegraphEther’s performance has closely tracked the altcoin market, signaling a lack of asset-specific catalysts or at least traders’ shift toward broader macroeconomic factors. If Ether faced clear competitive pressure or weakening fundamentals, ETH would likely lag altcoins, which has not happened.

Analysts argue the crypto downturn stems from rising concern over global growth. The US government shutdown and new import tariffs were followed by weak consumer-sector earnings and doubts surrounding the artificial intelligence industry. Data centers now deal with higher costs and energy constraints, even as the business remains highly profitable.

ETH 2-month futures annualized premium. Source: laevitas.chDemand for bullish ETH leverage has stayed muted for a month, with the futures premium stuck under the 5% neutral level. Part of this hesitation comes from how market stress affects companies building ETH reserves, including Bitmine Immersion (BMNR US), SharpLink Gaming (SBET US) and The Ether Machine (ETHM US).

Those companies focused on ETH reserves through debt and equity issues now hold unrealized losses as their shares trade below net asset value, which includes crypto holdings. Even if no forced selling is imminent, investor interest in the sector drops, reducing demand for new debt and causing gradual dilution for current holders.

Falling Ethereum onchain activity dampened bullish appetiteEther’s weak onchain data has also hurt investors’ bullish appetite. Lower network activity reduces demand for ETH and lifts supply. Ethereum’s burn mechanism only becomes meaningful when demand for base layer data rises, so slower DApp usage is a net negative for ETH staking.

Ethereum TVL (left, blue) vs. DEX volumes (purple), USD. Source: DefiLlamaDeposits on the Ethereum network, measured by Total Value Locked (TVL), fell to a four-month low of $74 billion, a 13% drop from 30 days earlier. Activity on Ethereum decentralized exchanges (DEX) reached $17.4 billion in the past seven days, down 27% from the prior month. Ethereum remains the clear leader in deposits, but it faces tougher competition in trading volume.

Blockchains ranked by 30-day DEX volumes, USD. Source: DefiLlamaCritics may argue that BNB Chain and Solana are more centralized, and that Ethereum leads once the layer-2 ecosystem is taken into account. Scaling solutions like Base, Arbitrum and Polygon greatly improved Ethereum’s capacity, but also raised concerns over fees. Because rollups batch and process transactions off the base layer, they sharply reduce demand for base layer fees.

Blockchains ranked by 7-day transactions. Source: NansenStill, the shift of activity toward layer-2s is far from a threat. The rise of Ethereum’s scaling ecosystem has strengthened its lead in Real World Asset (RWA) tokenization and in decentralized stablecoin systems such as Sky, formerly known as MakerDAO. Base alone processed nearly 102 million transactions in the past seven days, a figure comparable to networks with many more users and deposits, such as Solana.

Ether’s outlook depends heavily on lower global socio-political uncertainty, especially as the US faces pressure from its expanding government debt. Eventually, central banks will likely need to add liquidity and support their economies, and ETH is well-positioned to benefit from that inflow. Such a shift could be enough for Ether to retest the $3,900 level.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

On November 17, 2025, Ethereum co-founder Vitalik Buterin announced the launch of Kohaku, a groundbreaking suite of tools designed to bolster privacy and security within the Ethereum blockchain. This development marks a significant step toward addressing the ongoing concerns about transparency and data protection in the cryptocurrency world.

21Shares' Solana ETF amendment includes ticker change, custodial updates, and staking options amid market pressure on SOL.

Ethereum (ETH) is flashing a rare technical warning sign for bears. According to the analysis, the daily chart has hit a historically oversold MACD reading not seen in years, aligning with a deeply oversold RSI. This confluence of extreme momentum signals suggests that the price has entered a major demand zone, dramatically increasing the likelihood of a powerful relief rally and setting the stage for a significant short-term rebound.

MACD Hits Rare Historical Lows — A Zone Linked To Major ETH Bottoms
According to a recent post from More Crypto Online, Ethereum is currently flashing one of its most extreme MACD readings seen in years on the daily timeframe. While the MACD technically has no fixed oversold threshold, comparing past cycles gives valuable context. Historically, ETH has often formed significant market bottoms whenever the MACD enters the -210 to -220 region, a zone it has dipped below a few times, but not often.

Related Reading: Ethereum Slips to $3K, Highlighting Weakness After Recent Failed Rebound

This puts the current MACD position into what can be considered a historically oversold zone, signaling increased potential for a relief bounce. Adding to this confluence, the RSI has also slipped deep into oversold territory, reinforcing the idea that sell pressure may be nearing exhaustion. Together, both indicators suggest that momentum could soon shift away from the bears.

Source: Chart from More Crypto Online on X
However, the analyst cautions that these signals alone do not confirm a major trend reversal. Oversold conditions can persist longer than expected, particularly in strong downtrends. Even so, such extreme readings are often early clues that a temporary recovery or a corrective move to the upside may be approaching. Overall, the current market structure gives the bears something to think about. 

Early Signs Of Relief: Ethereum Finds Stability In Key Demand Zone
In a 3D market update, CryptoPulse reported that Ethereum has now cleanly tapped the identified Demand Zone, showing early signs that the aggressive downside may be easing. This reaction suggests sellers are losing momentum, creating the conditions for a potential short-term rebound if buyers step back in. Should bullish strength return, a retest of the $3,500 region is likely in the coming sessions.

Related Reading: Ethereum Approaches Critical Resistance — Bullish Breakout Or Trap In The Making?

However, CryptoPulse emphasized that confirmation is still required before calling any meaningful reversal. A strong bounce paired with a reclaim of key short-term levels would be the first signal that buyers are regaining control. 

Meanwhile, if bearish pressure persists, Ethereum may drift deeper into the chart structure, where the next significant demand sits between $2,400 and $2,600. This zone could act as the major support zone for ETH if the current support fails to hold.

ETH trading at $3,204 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

A dormant Cardano whale tried swapping 14.4M ADA into USDA and walked away with just 847K USDA, burning roughly $6.2M in one click.

A long-dormant Cardano (ADA) whale has torched more than $6 million in a single swap after attempting to move 14.4 million ADA, worth around $7 million, into USDA, a Cardano-native stablecoin, in a low-liquidity pool.

The trade left the wallet with just 847,000 USDA, an estimated 87% loss, and reopened tough questions about Cardano’s DeFi readiness.

The Costly Transaction
According to on-chain investigator ZachXBT, the whale wallet had been dormant for roughly five years before executing the swap, which temporarily pushed the USDA price far above its peg due to thin liquidity.

Lookonchain reported the transaction at 14.45 million ADA, with a valuation just north of $7 million, resulting in the user receiving 847,694 USDA and incurring a loss of approximately $6.2 million.

Screenshots shared by community member $DeFiPunk show the DEX interface flashing a “high price impact” warning and estimated slippage of over 87%, with the user manually ticking the “I understand this warning” checkbox before confirming the transaction.

That has sparked debate over whether this was a reckless move, an honest mistake from an “inexperienced voucher holder,” as Cardano founder Charles Hoskinson suggested, or even a deliberate attention play to highlight liquidity issues.

Reactions from the Cardano community were mixed. Some, like Cardano YOD₳, argued that “one bad swap can have negative reputational consequences” and questioned whether the ecosystem has its priorities right, pointing to marketing and governance debates instead of basic liquidity.

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Others countered that the issue was primarily “a liquidity first problem, and a DEX problem second,” criticizing the slow delivery of UX upgrades and the need for better batching solutions.

Hoskinson, responding on X, called it a “teachable moment” for scaling Cardano’s DeFi in 2026, while firmly rejecting calls to compensate the whale.

Market Pressure and Ecosystem Demands
The multimillion-dollar blunder marks a continuation of a period of pressure for Cardano, with on-chain data from earlier in the month showing whales offloading 4 million ADA in a week as prices dropped from above $0.60 to roughly $0.53, further deepening bearish sentiment.

Just days later, on November 11, there was renewed accumulation, with other large holders scooping up nearly 1% of the supply during a dip below $0.50, leading analysts to predict a possible rebound if ADA could reclaim the $0.70 area. This has not yet occurred, with the asset, which is ranked the eleventh-largest in terms of market cap, trading around $0.50, down approximately 17% in the last week and 22% over the past 30 days, according to CoinGecko data.

Meanwhile, the episode has intensified calls for greater stablecoin liquidity on Cardano. Commentator Lorenzo argued plainly, “We need to 10x the stablecoin liquidity withdrawal right now.” This sentiment was echoed by others who believe the incident proves there is a substantial demand for moving capital on the network, but a lack of infrastructure to support it. However, Hoskinson repeatedly asserted, “It is not my job to bring a stablecoin to Cardano,” placing the responsibility on the broader ecosystem.

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In 2023, O'Connor, 26, pleaded guilty in the U.S. on multiple charges and was later sentenced to five years in prison.

Bitcoin (BTC) price has retested a crucial multi-year support trendline. The flagship coin dropped over 2% on Monday, to reach a range low of about $91,214 during the mid-North American session. Bitcoin Price at a Crucial Crossroads Bitcoin price has dropped around 20% in the past four weeks to retest its multi-month rising logarithmic trend.

In brief
Vitalik Buterin mocked Sam Bankman-Fried and FTX onstage at Devconnect Argentina on Monday.
The Ethereum co-founder said that the centralized exchange was everything that Ethereum strives not to be.
Specifically, he said that Ethereum is decentralized, "can't be evil," and is a community rather than a company.
Ethereum co-founder Vitalik Buterin pointed to Sam Bankman-Fried's collapsed crypto exchange FTX as the antithesis of what the blockchain network stands for: It’s decentralized, "can’t be evil," and is a community, he believes.

The crypto billionaire took to the main stage of Ethereum's Devconnect Argentina conference on Monday, donning a pair of Willy Wonka-inspired sunglasses as well as a wrinkled Moo Deng shirt, and ripped into the former FTX CEO.

After some brief pleasantries, Buterin flicked onto the first slide of his presentation with Bankman-Fried’s face and a previous quote from the imprisoned crypto mogul, saying, “I’m in on crypto because I want to make the biggest global impact for good.”

Vitalik Buterin onstage at Devconnect Argentina 2025. Photo: Decrypt"FTX... I think it's a perfect example of what you do if you take Ethereum’s principles and then literally rotate them 180 degrees,” Buterin explained. “So, Ethereum in one sentence: It’s not whatever this is,” he said, gesturing to an image of Bankman-Fried on the screen.

The Ethereum co-founder went deeper into his comparison. Most obviously, FTX was a centralized exchange, while Ethereum is being built with decentralization as a core principle. Buterin explained that this centralized nature was core to FTX’s failure, as it required the public to blindly trust the exchange without insight into its internal workings.

As for Ethereum, development is conducted via incremental upgrades that are proposed, scrutinized, and developed by the community—all out in the open.

Decentralized exchanges have surged in popularity this year, partly for this reason. Hyperliquid, for example, was created in the wake of the FTX collapse as the founder, Jeff Yan, believed the industry had a tangible reason to no longer trust centralized exchanges. Distrust in centralized exchanges has only continued with data leaks, hacks, and mismanagement, prompting users to look elsewhere to trade crypto.

Buterin believes that FTX opted for a “Don’t be evil” motto, an ethos adopted by Google in its early days. Again, this approach requires the company to be trusted not to do something bad.

“The point of decentralized technology, the point of blockchains, is that you do not have to trust them,” Buterin said, claiming that Ethereum simply “can’t be evil” as a result of decentralization.

FTX was a major centralized exchange that secretly gave billions of dollars of customer funds to Bankman-Fried’s trading firm, Alameda Research, to shore up vast trading losses.

As a result, the FTX and Alameda Research founder was sentenced to 25 years in prison on seven counts of fraud, money laundering, and conspiracy. While creditors have been repaid billions of dollars’ worth of investments, the collapse remains a black mark on the crypto industry—one that led to wider contagion across platforms, and substantial losses.

Ultimately, a major difference to Buterin is that FTX was a company, while Ethereum is a “community.”

“The difference between a company and a community is that a company is a hub-and-spoke structure; there is a thing at the center that does stuff and collects money,” he explained. “A community is a very large number of people that are all doing things for each other.”

To Buterin, Ethereum is a decentralized community of crypto lovers that is slowly nurturing a credibly neutral technology. FTX, on the other hand, was a centralized company being steered by a few powerful figures that asked the public to trust it not to do evil, but ultimately did.

Ethereum was on the rise earlier this year, breaking a four-year-old price record in August and topping out just shy of the $5,000 mark. But it's been a rough couple months since then, with ETH since dropping by 39% and falling below the $3,000 mark Monday for the first time since July.

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

News Summary:

Two new RIKEN supercomputers for scientific AI and quantum computing, powered by NVIDIA GB200 systems, will position Japan as a driving force behind AI for science, next-generation industrial research and quantum computing.RIKEN’s AI and quantum systems will feature a total of 2,140 NVIDIA Blackwell GPUs, supporting Japan’s sovereign AI strategy and expanding secure domestic infrastructure for leadership in science, industry and technology. ST. LOUIS, Nov. 17, 2025 (GLOBE NEWSWIRE) -- SC25—NVIDIA today announced that RIKEN, Japan’s leading national research institute, is integrating NVIDIA GB200 NVL4 systems with two new supercomputers in Japan — one built for AI for science and the other for quantum computing.

The first system will deploy 1,600 NVIDIA Blackwell GPUs, using the GB200 NVL4 platform and interconnected by NVIDIA Quantum-X800 InfiniBand networking, as part of RIKEN’s AI for science initiative. The system will advance research in areas such as life sciences, materials science, climate and weather forecasting, manufacturing and laboratory automations.

The second system, dedicated to quantum computing, will feature 540 NVIDIA Blackwell GPUs — also using the GB200 NVL4 platform and interconnected by NVIDIA Quantum-X800 InfiniBand networking — to accelerate research in quantum algorithms, hybrid simulation and quantum-classical computing methods.

“RIKEN has long been one of the world’s great scientific institutions, and today it stands at the forefront of a new era in computing,” said Ian Buck, vice president of hyperscale and high-performance computing (HPC) at NVIDIA. “Together, we’re helping Japan build the foundation for sovereign innovation that will drive breakthroughs to solve the world’s most complex scientific and industrial challenges.”

“Integrating the NVIDIA GB200 NVL4 accelerated computing platform with our next-generation supercomputers represents a pivotal advancement for Japan’s science infrastructure,” said Satoshi Matsuoka, director of the RIKEN Center for Computational Science. “Our partnership will create one of the world’s leading unified platforms for AI, quantum and high-performance computing, allowing researchers to unlock and accelerate discoveries in fields ranging from basic sciences to industrial applications for businesses and society.”

Expanding Partnership With RIKEN
The two new RIKEN systems follow the announcement in August that launched a collaboration between Fujitsu and NVIDIA to codesign a flagship supercomputer with the development code name FugakuNEXT, the successor to the world-renowned Fugaku supercomputer. The two new GPU-accelerated supercomputers will also be used as proxy machines — platforms for codesigning and developing various hardware, software and applications for FugakuNEXT.

The FugakuNEXT system is planned to feature FUJITSU-MONAKA-X CPUs, which can be paired with NVIDIA technologies using NVIDIA NVLink™ Fusion, new silicon enabling high-bandwidth connections between Fujitsu’s CPUs and NVIDIA’s architecture.

FugakuNEXT is expected to deliver 100x greater application performance compared with supercomputers based on CPUs or other existing systems — and will integrate production-level quantum computers in the future.

By combining MONAKA-X and NVIDIA’s latest GPUs, FugakuNEXT will help shape the future of scientific discovery through innovation in HPC, AI, quantum and their combinations.

This growing partnership with RIKEN reflects Japan’s commitment to innovation and NVIDIA’s support in bolstering the country’s computational infrastructure and capabilities in supercomputing and AI for science.

Supercomputing Software Unlocks Scientific Advancements
NVIDIA is already working with RIKEN to develop floating point emulation software that taps into NVIDIA Tensor Core GPU performance for accelerating traditional scientific computing. This technology will allow applications to harness the full power of GPUs for AI and HPC at RIKEN and supercomputing centers worldwide.

RIKEN also plans to use NVIDIA CUDA-X™ — which provides 400+ highly optimized GPU-accelerated libraries, microservices and tools — to boost its cutting-edge HPC applications with GPU platforms, helping advance AI for science and quantum computing initiatives in Japan.

The two new supercomputers will be operational in spring 2026, while FugakuNEXT is aimed for operation by 2030.

About NVIDIA
NVIDIA (NASDAQ: NVDA) is the world leader in AI and accelerated computing.

For further information, contact:
Alex Shapiro
NVIDIA Public Relations
1-415-608-5044
[email protected]

Certain statements in this press release including, but not limited to, statements as to: together with RIKEN, NVIDIA helping Japan build the foundation for sovereign innovation that will drive breakthroughs to solve the world’s most complex scientific and industrial challenges; the benefits, impact, performance, and availability of NVIDIA’s products, services, and technologies; expectations with respect to NVIDIA’s third party arrangements, including with its collaborators and partners; expectations with respect to technology developments; and other statements that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which are subject to the “safe harbor” created by those sections based on management’s beliefs and assumptions and on information currently available to management and are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic and political conditions; NVIDIA’s reliance on third parties to manufacture, assemble, package and test NVIDIA’s products; the impact of technological development and competition; development of new products and technologies or enhancements to NVIDIA’s existing product and technologies; market acceptance of NVIDIA’s products or NVIDIA’s partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of NVIDIA’s products or technologies when integrated into systems; and changes in applicable laws and regulations, as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

Many of the products and features described herein remain in various stages and will be offered on a when-and-if-available basis. The statements above are not intended to be, and should not be interpreted as a commitment, promise, or legal obligation, and the development, release, and timing of any features or functionalities described for our products is subject to change and remains at the sole discretion of NVIDIA. NVIDIA will have no liability for failure to deliver or delay in the delivery of any of the products, features or functions set forth herein.

© 2025 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, CUDA-X and NVLink Fusion are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1df3c10c-4737-4080-ab3e-bce670c770e7

NVIDIA and RIKEN
RIKEN is integrating NVIDIA Blackwell with two new supercomputers in Japan — one built for AI for sc...