Market Signal Briefing

As of November 2025, the tokenized gold market has reached an impressive $3.9 billion, positioning itself as a formidable alternative to stablecoins. This surge in interest reflects a broader trend in the financial landscape where digital assets are rapidly gaining traction.

As of November 15, 2025, XRP is trading at $2.26, marking a significant 38% drop from its peak price of $3.65. Despite this decline, the cryptocurrency maintains a robust market capitalization of $136 billion, supported by a daily trading volume of $3.26 billion.

The memecoin market has taken a hard hit over the past seven days, with major tokens sliding sharply as Bitcoin’s crash triggered panic across altcoins. From $Pepe to $Dogecoin, every major meme asset is deep in the red — but some have suffered far more than others.

Memecoins market cap in USD in teh past 30-days - coinmarketcap

Using the latest weekly performance metrics, here are the top 5 memecoins with the biggest 7-day losses, why they are still bleeding, and how they could recover if Bitcoin stabilizes or rallies.

Top 5 Memecoin Losers of the Week (Ranked by 7-Day Losses)1. Pepe (PEPE) – Down 15.56%Pepe leads the list as the worst-performing memecoin of the week, losing over 15% in the last seven days.
On the chart, PEPE shows a consistent downward trend with very weak buying pressure and accelerating sell volume.

Why it’s still losing:

Highly sensitive to Bitcoin volatilityWeak liquidity walls compared to larger memecoinsTraders rotating out of high-risk assetsFuture outlook:
If Bitcoin rebounds, PEPE is often one of the fastest meme assets to recover due to its strong retail community. A bounce back to the $0.0000060–$0.0000063 zone is possible on a BTC recovery.

2. Shiba Inu (SHIB) – Down 7.37%Shiba Inu suffered a 7.37% weekly drop. The price remains under pressure as SHIB continues forming lower highs with no clear reversal signals yet.

Why $SHIB is losing:

Large supply makes sharp recoveries slowerWhales reduced accumulation during the BTC dipSentiment weakened after failing to hold key supportsFuture outlook:
If Bitcoin stabilizes above 100K again, SHIB usually reacts with delayed but steady recovery waves. A climb back toward the $0.000010 level becomes possible.

3. Dogecoin (DOGE) – Down 6.26%DOGE fell 6.26% this week, holding surprisingly stronger relative to the rest of the memecoin market. DOGE’s decline has been more controlled but still clearly bearish.

Why DOGE is losing:

Market-wide risk-off sentimentMeme sectors correcting harder than major capsLack of major catalysts or headlinesFuture outlook:
DOGE historically reacts very strongly to Bitcoin recoveries. If BTC bounces, DOGE could revisit the $0.18–$0.20 zone relatively quickly.

4. Official TRUMP (TRUMP) – Down 4.81%The TRUMP token fell 4.81%, dipping along with the broader memecoin sector. Despite strong interest earlier in the month, the token has been unable to escape market-wide pressures.

Why TRUMP is losing:

High volatility tied to political sentimentTraders securing profits after recent ralliesLack of new catalysts since the last spikeFuture outlook:
This token reacts heavily to narrative-driven moves. If Bitcoin rebounds and political hype returns, TRUMP could easily test the $8.00+ region again.

5. MemeCore (M) – Down 3.85%MemeCore dropped 3.85% and is the mildest loser in the list. Still, the trend remains bearish, with the token unable to maintain momentum.

Why MemeCore is losing:

Lower liquidity compared to DOGE & SHIBCommunity-driven hype slowed downCorrecting after previous strong surgesFuture outlook:
M tends to make sharp rebound spikes when Bitcoin turns green. A recovery toward $2.50+ becomes possible in a bullish scenario.

Will Memecoins Recover If Bitcoin Bounces?Historically, memecoins tend to outperform $Bitcoin during recoveries, but underperform during crashes. This week’s heavy losses are fully aligned with that behavior.

If Bitcoin stabilizes or rebounds:Memecoins usually recover faster and harderHigh-beta assets like PEPE and SHIB make the biggest percentage reboundsDOGE often becomes the slow but stable leaderSmaller caps like M and TRUMP can show explosive upside movesIf Bitcoin continues to fall:Memecoins would likely take another heavy hitPEPE and SHIB would remain the most vulnerableDOGE would hold best due to stronger liquidityTRUMP would remain highly volatile and news-driven

Bitcoin’s latest downturn has caused considerable speculation about whether Strategy’s (formerly known as MicroStrategy) massive holdings are playing a role in the market’s weakness. The concerns escalated sharply when wallet-monitoring platforms flagged large Bitcoin transfers linked to the company, sparking widespread claims that a major sell-off had begun. 

The conversation gained even more traction when a widely circulated report alleged that Strategy had slashed its Bitcoin holdings by tens of thousands of tokens. Michael Saylor moved quickly to address the rumor, but the back-and-forth between on-chain interpretations and official statements raises questions of what is really happening behind the scenes.

How Wallet Movements Turned Into Full-Blown Sell-Off Rumors
The controversy started when Walter Bloomberg shared a post citing Arkham Intelligence and claiming Strategy had reduced its Bitcoin stash from 484,000 BTC to roughly 437,000 BTC. 

The alleged drop of about 47,000 BTC immediately led to questions as to whether the company had quietly begun liquidating. Saylor responded directly beneath the post, stating, “There is no truth to this rumor,” dismissing the claim outright.

There is no truth to this rumor.

— Michael Saylor (@saylor) November 14, 2025

As the situation spread across social platforms, Arkham Intelligence later clarified what actually happened. In a post on X, the firm explained that Strategy had moved 43,415 BTC since midnight UTC, worth over $4.2 billion, but also noted that the activity consisted of routine custodian rotations. 

According to Arkham, the transfers were due to movement from Coinbase Custody to a new custodian, along with internal rebalancing and wallet refresh processes. None of the movements indicated sales and that Strategy frequently performs these custodial transitions. Anyone tracking these wallet clusters over the past two weeks would have seen similar flows, eventually followed by relabeling once new addresses were established.

BTCUSD now trading at $95,786. Chart: TradingView
Saylor’s Public Reassurance And Continued Bitcoin Accumulation
In response to the swirling speculation, Saylor took a definitive stance to calm markets. While speaking at an interview on CNBC, Saylor addressed the controversy, stating that Strategy had not sold any Bitcoin and had no plans to do so. 

His remarks left no ambiguity as he said, “We are buying; we’ll report our next buys on Monday morning.”

He went further to describe the company’s financial position and long-term confidence, noting that the firm has put in a very strong base around here with its Bitcoin holdings. Saylor also highlighted that Strategy’s debt structure does not impose immediate obligations, saying the debt is still “4.5 years out.” This means there is currently no financial pressure that would require liquidation of Bitcoin. 

Shortly after the interview, he reinforced his message on X, stating plainly, “We bought bitcoin every day this week,” which directly contradicts any claims of ongoing sell pressure from Strategy.

In terms of price action, Bitcoin has spent most of this week on a downtrend, which now puts its price trading below $100,000. At the time of writing, Bitcoin is trading at $96,084.

Featured image from Unsplash, chart from TradingView

Key NotesEthereum ETFs recorded $728.3 million in net outflows this week as market sentiment deteriorated sharply.BitMine, the world’s largest ETH treasury holder, appointed Chi Tsang as CEO alongside three new independent directors.Technical indicators show ETH faces steep resistance, with reclaiming the 50-day moving average becoming increasingly unlikely in the near term.
BitMine Immersion Technologies, the world’s largest Ethereum treasury company controlling more than 2.9% of the network’s supply, announced new leadership on Friday.

The company appointed Chi Tsang as its new Chief Executive Officer, succeeding Jonathan Bates, while simultaneously adding three independent directors, Robert Sechan, Olivia Howe, and Jason Edgeworth, to its board.

🧵
BitMine is pleased to announce management and Board appointments:

– new CEO, Chi Tsang

3 independent board members:
– Rob Sechan @RobSechan , CEO of @NewEdgeWealth
– Jason Edgeworth, CIO of JPD Holdings
– Olivia Howe, Chief Legal Officer of RigUp

Together, these additions…

— Bitmine (NYSE-BMNR) $ETH (@BitMNR) November 14, 2025

The reshuffle marks one of BitMine’s most significant updates since its NYSE listing and comes as the firm pushes toward its strategic goal of acquiring 5% of the total ETH supply.

In its official announcement on Friday, BitMine emphasized that the new executive team brings a combined depth of experience across technology, DeFi, banking, and legal expertise. Chairman Tom Lee said the transition was essential to position BitMine as the institutional bridge between Ethereum and traditional capital markets, likening the ongoing crypto boom to the telecom and internet revolution of the 1990s.

New CEO Chi Tsang echoed this sentiment, calling the investment strategy a generational opportunity.

Outgoing CEO Jonathan Bates also lauded the company’s rise from a small startup to the world’s largest corporate holder of ETH, expressing confidence in the incoming team’s ability to scale BitMine’s vision.

Ethereum ETF Flows, Saturday, Nov 15, 2025 | Source: FarsideInvestors

The appointments arrive after a bruising week for ETH-linked funds. FarsideInvestors data shows U.S. Ethereum ETFs posted $728.3 million in net outflows over four trading days following the Monday market holiday. BlackRock’s Ethereum ETF registered a single-day withdrawal of $173.3 million on Friday, the largest for the month.

ETH fell 5% intraday, hovering just above $3,200 as traders reacted to another session of heavy ETF withdrawals flooding the market. Bitmine’s current 3,505,723 ETH haul, now accounts for 2.9% of total circulation supply and is valued at $11.2 billion at current prices.

Ethereum Price Forecast: Can ETH Hold $3,200 as Momentum Weakens Into December?
Ethereum’s price action has deteriorated as ETF outflows coincided with technical rejection near key moving averages. On the daily chart, ETH price has plunged below the 50-day and 100-day moving averages, and is now attempting to stabilize along the 200-day line near $3,200.

Persistent ETF sell-offs after the failure to reclaim the 50-day average near $3,912 earlier in the month have weakened Ethereum rebound prospects.

Ethereum (ETH) Price Forecast | TradingView

The Breakout probability ratio shows successive days of heavy sell-offs flooding the market in the past week. ETH price now has a 29% of reclaiming the $3,250 mark, favoring a 54% probability of a retrace to $3,000. The distance from current prices to the 50-day MA implies that buyers would need a strong catalyst and volume surge to initiate a clean breakout.

Meanwhile, Ethereum’s RSI remains depressed at 36, hovering just above oversold conditions with no clear bullish divergence. The RSI’s failure to rise sustainably above 40 suggests weak demand and ongoing vulnerability to further retracement. Meanwhile, the BBP indicator shows persistent negative readings, reflecting contracting buy-side pressure and subdued volatility expansion that usually accompanies trend reversals.

A breakdown below the 200-day average could expose ETH to $3,050 and potentially $2,850, levels where stronger historical bid clusters exist.

Conversely, if ETF outflows stabilize and ETH holds the $3,200 support convincingly, a recovery toward $3,450 is possible; however, reclaiming the 50-day MA remains a low-probability outcome unless institutional flows shift positive.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

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Ibrahim Ajibade is a seasoned research analyst with a background in supporting various Web3 startups and financial organizations. He earned his undergraduate degree in Economics and is currently studying for a Master’s in Blockchain and Distributed Ledger Technologies at the University of Malta.

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Short exposure now makes up nearly three-quarters of leveraged positions, creating conditions where a sharp move higher could force a bear trap.A bullish RSI divergence has formed between October 17 and November 14, hinting that the HBAR price may attempt a short-term reversal.Reclaiming $0.160 and especially $0.180 would pressure shorts, while falling under $0.155 keeps the bearish target near $0.113 in play.HBAR is down almost 11% in the past week, and yesterday it finally broke below its neckline, completing the head and shoulders pattern we projected on November 13. Despite the breakdown, the last 24 hours have been surprisingly flat.

And while the structure still points toward lower levels, early signs suggest that traders betting on deeper downside may be walking into a bear trap instead. Here is why.

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Selling Rises and Shorts Pile Up — But The Setup Isn’t That SimpleHBAR’s spot flows show a sharp shift in behaviour after the breakdown. On November 14, HBAR recorded –4.03 million in net outflows, meaning more tokens were leaving exchanges as buyers accumulated.

Today, after the pattern breakdown confirmed, flows flipped to +420,790 HBAR.

Sellers Are Back Post Breakdown: CoinglassWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

That is a 110% swing from negative to positive netflow — a clear sign that sellers have stepped in aggressively after the pattern break.

The derivatives market shows an even stronger tilt. On Bitget’s liquidation map alone, short exposure is $16.71 million, while long exposure is $6.09 million. This means shorts now control 73% of all leveraged positions — about 2.7 times more than longs.

HBAR Shorts Dominate The Map: CoinglassSponsored

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This kind of crowded positioning often fuels the conditions for a bear trap risk, where price briefly reverses upward and forces shorts to close their positions at a loss.

The HBAR price breakdown has occurred, yes — but this positioning makes it dangerous to assume the move will continue uninterrupted.

One Move Could Drive HBAR Price Rebound, Hitting Short LiquidationsThe price chart contains the key reason a bear trap is possible. While HBAR broke below the neckline, the follow-through has been weak. At the same time, the Relative Strength Index (RSI) — a metric that measures price momentum to show if an asset is oversold or overbought — is showing a notable pattern.

Between October 17 and November 14, the price made a lower low, while RSI formed a higher low. This is a bullish RSI divergence, and it often appears just before a short-term reversal attempt.

If the divergence plays out, the first trigger is a move back above $0.160, which is exactly where the neckline sits. Reclaiming this level puts a large block of short positions at risk.

The liquidation map shows that shorts begin getting squeezed as the price rises above this zone.

HBAR Price Analysis: TradingViewA push above $0.180 would confirm the trap is fully in place and force even deeper short liquidations, giving HBAR room for a stronger rebound. However, the trap only works if buyers hold key support levels.

If HBAR drops below $0.155, the divergence weakens and the downtrend regains control. In that case, the head and shoulders projection remains valid, opening the way toward the earlier bearish target near $0.113.

Disclaimer

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

XRP's journey through the volatile crypto market is facing an intriguing new challenge. A substantial inflow of 92.6 million XRP tokens into Coinbase has stirred up concerns about the stability of the digital asset, especially during an already tumultuous market phase.

Journalist

Posted: November 15, 2025

Key Takeaways
What triggered STRK’s recent 19% rebound despite a bearish market? 
Strong spot and derivative inflows totaling over $46 million fueled the rebound, led by long positions.

What key resistance level could challenge STRK’s bullish momentum? 
The $0.177 zone, which previously caused sharp declines, may act as a barrier to further gains.

Starknet [STRK]  layer-2 cryptocurrency has made a sharp rebound following a market-wide liquidation that forced investors out of the market and caused $669 million in losses.

The quick rebound followed major liquidity channelled towards STRK from investors; however, revelations show that these investors’ positions remain questionable based on the obstacle.

Decisive buys pull STRK upward
STRK’s recent 19% surge was driven by a decisive wave of bullish investor activity, with many adding the asset to their portfolios despite broader market weakness.

In the 48 hours, investors spent $3.8 million on STRK, a bold move in a typically bearish environment.

For the week, spot investors have accumulated $6.89 million worth of STRK, reversing last week’s $2.8 million sell-off, the first weekly net sale since Q1 of this year.

Source: CoinGlass

Although the spot liquidity addition played a huge role, there has been a significant inflow from the derivative market likewise, with new contract positions added collectively valued at $39.8 million in the past day.

The positive reading of the Weighted Funding Rate combined with the Open Interest, confirms that the majority of this flow comes from long contracts; in fact, buying volume leads the sell volume in the market.

While the market shows a positive price outlook, the bullishness has come into question with the resistance level surfacing on the chart, which could potentially lead to a price reversal.

A traffic red could be ahead
Analyzing the chart pattern shows that STRK has now traded into a key resistance zone at $0.177 on the chart, which could ultimately hinder the price from making a rally.

The most recent occurred on the 6th of October, causing an 84% drop, followed by another on the 10th of November that led to a 37% decline.

Source: TradingView

If history repeats, STRK could slide even lower, losing anywhere up to 46%, the average losses from the sell-offs.

On the more positive side, using the curve line, STRK formed what appears similar to the well-known inverted triangle known to precede a broader market rally, in this case, an STRK rally.

Notably, this remains a stretch, given experience with how price rallies into this marked resistance zone on the chart.

Signs of a positive outcome?
Technical indicators show that there’s a likelihood that the recent rally into this zone defies the sell-off notable at the resistance zone, as both indicators show bullish signs.

At press time, the MACD showed that the blue line and the signal line are both trending to the upside on the chart, suggesting that the momentum is in favor of buyers and that STRK has a chance of continuing in its current path.

Source: TradingView

More alluring is the fact that the Money Flow Index (MFI) continued to trend upward in the positive region, implying that there’s more capital inflow into STRK, adding to the overall bullish outlook and a tendency that STRK continues to surge.

Overall, the bullish tendency for STRK to continue forward remains, and there’s a high chance that the asset makes a positive rebound.

XRP may be on the verge of a potential rebound after a key technical indicator flashed a buy signal on the four-hour chart, according to market analyst Ali Martinez. 

In an X post on November 15, the analysis highlighted the TD Sequential indicator, a widely used tool for identifying trend exhaustion and potential reversal points.

Specifically, the indicator printed a “1” buy setup, which typically appears after a sequence of downward candles. This formation suggests fading bearish momentum and the early stages of a potential bullish reversal.

XRP price analysis chart. Source: TradingView
Notably, XRP has been under sustained selling pressure, marked by large black candles followed by smaller-bodied candles and indecisive price movement. This loss of downward strength culminated in the TD Sequential’s buy signal. The structure also suggests that sellers may be exhausted

If confirmed, the TD Sequential “1” could pave the way for a potential rebound, with bulls hoping for an early reversal from current levels. However, traders typically wait for further confirmation, often a “2” candle closing above the “1”, to validate sustained upward momentum.

XRP ETF impact 
This outlook comes amid XRP’s growing institutional interest, highlighted by the debut of the first U.S. spot XRP ETF. In this case, Canary Capital’s spot XRP ETF made a historic debut on November 13, recording $58.6 million in first-day trading volume, well above the $17 million analysts had projected.

In its first 30 minutes, the ETF saw $26 million in trades, with a total of $245 million worth of XRP purchased on day one.

XRP price analysis
Despite this interest, XRP’s price is still being weighed down by broader cryptocurrency market sentiment. At press time, XRP was trading at $2.26, down over 2% in the past 24 hours. 

XRP seven-day price chart. Source: Finbold
On the weekly timeframe, the asset’s 14-day RSI stands at 42.4, signaling neutral momentum, neither overbought (above 70) nor oversold (below 30). This suggests limited immediate directional pressure and potential for sideways consolidation unless external catalysts emerge.

The 50-day SMA at $2.58 lies above the current price, indicating short-term resistance and a mild downward bias, while the 200-day SMA at $2.65 reinforces longer-term overhead pressure. As a result, XRP is positioned below both key trendlines, in a cautious, range-bound posture.

Featured image via Shutterstock

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Chainlink price has recently experienced a 1.87% dip, bringing it down to $14.18. This decline comes after a week of bearish sentiment, where LINK struggled to maintain levels above $15. The token is currently falling into a multi-year trendline, an important aspect of its overall market structure since the beginning of 2023.

This change is after several weeks of steady selling, which pushed LINK to the levels that were last experienced before the last market reset. The wider cryptocurrency market similarly experienced a decline of $0.85 in the last 24 hours, which is a sign of continued bearish action on the major currencies such as Bitcoin and Ethereum.

Chainlink Price Breaks $16 Support After 53.87M Tokens Accumulated
Chainlink price has recently broken through a significant support level at $16. This area had already served as a place where a major accumulation of tokens had occurred, amounting to 53.87 million LINK tokens.

This region has had high support according to the cost basis distribution heatmap, but the price has lost momentum.

According to the heatmap data provided by Glassnode, the price action may be considered highly significant, and the price of LINK was crucially dependent on the support zone that was at the price of $16. Nonetheless, this level has been lost by LINK in the recent downturn, which may be an indicator of further price hurdles in the near future.

Chainlink $LINK lost a key support zone at $16, where 53.87 million tokens were accumulated. pic.twitter.com/rg8PDum85l

— Ali (@ali_charts) November 14, 2025

Will Chainlink Price Recover Above $17 Level?
At the time of writing, the LINK price dropped to $14.23, marking a small decline of 0.42%. There is a consolidation of the market activity around this level, though the price fluctuates between the range of $14.00 and $14.50. 

The horizontal resistance zones in the chart indicate that Chainlink is currently experiencing resistance near the mark of 15.50 and $17.00.

If LINK fails to maintain support at $14.00, a move down to $13.00 is a possible target. On the other hand, when the Chainlink price can overcome the resistance of $14.50 and stay above it, the next possible resistance would be approximately $15.50, and then $17.00.

The crypto market is eyeing recovery, with the Chainlink price outlook for the long term is still bullish.

The MACD is showing a downward trend. The MACD line (blue) is lower than the signal line, and the histogram also indicates the negative momentum. This indicates that there may be more downward pressure in the future in case the trend does not change. 

The Relative Strength Index (RSI) stands at 41, which means that LINK is approaching the state of over-sell.

Source: LINK/USD 4-hour chart: Tradingview
To sum up, the Chainlink price is facing resistance, and it might experience additional downward pressure in the near future. Nevertheless, the long-term perspective is good provided that it has the chance to stabilize and resume an upward trend.

Ethereum forms a textbook double top while 2.5M ETH bought near $3,150 and a $1.4B Aave whale defend key support.

According to CryptoWzrd’s latest XRP daily technical outlook, XRPBTC ended the day with a strong bullish close. This renewed strength in the pair could give XRP the momentum it needs to push toward the $2.75 resistance level and potentially extend even higher.

Daily Sentiment Mirrors Bitcoin As XRP Closes Slightly Bearish
The analysis from CryptoWzrd notes that XRP’s daily candle was in alignment with Bitcoin’s broader market sentiment and closed slightly bearish. This reflects the continued pressure from Bitcoin, which remains a key driver of overall market direction. Despite this bearish close, the XRPBTC pair showed strength by ending the day bullish, signaling a potential shift in momentum.

A continued push higher could drive the pair above the daily lower-high trendline, triggering a more impulsive price reaction. If this breakout materializes, it opens the door for XRP to advance toward the $2.75 resistance region, a level that has now become the next major target for bullish traders.

XRP multiple resistance levels | Source: Chart from CryptoWzrd on X
However, Bitcoin’s influence remains a critical factor. Any renewed weakness or sharp downside movement from BTC could easily spill into XRP’s price action. In such a scenario, XRP may find itself retreating toward the $2 support zone, which stands as the next meaningful level of defense if bearish pressure intensifies.

CryptoWzrd added that tomorrow’s focus will shift primarily to developments on the lower-time-frame charts. Short-term structure and intraday reactions will be key to spotting potential scalp opportunities.

Choppy Intraday Action Signals Market Indecision
The analyst observed that XRP’s intraday price action remained relatively choppy, with the market trading within a narrow range. This kind of movement suggests that traders are still waiting for a clearer signal before committing to a strong directional bias.

A key level to watch on the intraday chart is the $2.408 resistance. According to the analysis, a clean move above this threshold could unlock further upside momentum, creating favorable long opportunities as buyers regain control. Such a breakout would signal growing confidence and potentially shift short-term sentiment in XRP’s favor.

However, if the price reacts bearishly at that same resistance zone, a rejection from $2.408 would present a short opportunity, indicating that sellers are still protecting that level. This scenario would likely reinforce intraday weakness and keep XRP confined within its current structure.

The analyst also warned that any drop below the $2.2550 support level would push the market into a fragile zone where further declines become more probable. For now, patience is essential, as traders must wait for a more mature and organized intraday structure before taking aggressive positions.

XRP trading at $2.25 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com

Emory University and an Abu Dhabi sovereign wealth fund also added to their spot bitcoin ETF holdings in the third quarter of 2025.

Eric Trump has boldly predicted a significant shift of capital from gold into Bitcoin, even as the latter struggles below the $100,000 mark after a recent market crash. Trump's comments highlight Bitcoin's growing edge over gold as the digital asset continues to gain traction in global markets.

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

The sentiment around Bitcoin and the general crypto market appears to be worsening, with most large-cap assets on a decline in recent days. On Friday, September 14, the flagship cryptocurrency fell below the $95,000 mark for the first time in over six months.

Interestingly, the price of Bitcoin seems set for an even longer period of negative action, as a rare bearish signal has gone off for the first time in four years. Here’s how much the BTC price dropped the last time this happened.

BTC Price At Risk Of 70% Decline If Sell Signal Holds
In a recent post on the social media platform X, Chartered Market Technician Tony Severino shared an alarming outlook for the Bitcoin price in the long term. According to the crypto expert, the rare sell signal on the BTC weekly supertrend has gone off again.

The “weekly supertrend” is a technical indicator that uses the Average True Range (ATR) and a multiplier to pinpoint the direction of an asset’s price trend over a weekly timeframe. As observed in the chart below, the indicator turns green for an upward trend and red for a downward trend, offering potential buy and sell signals.

Source: @TonyTheBullCMT on X
In his Friday post on X (formerly Twitter), Severino highlighted that Bitcoin just triggered a sell signal on the Supertrend indicator on the weekly timeframe. According to the prominent crypto pundit, this represents the first time this signal will be going off for the premier cryptocurrency since December 2021.

At the time, the sell signal marked the abrupt end of the previous Bitcoin bull cycle, preceding an extended period of downward price movement. The price of Bitcoin fell by more than 70% after this signal was triggered, coinciding with significant sell-offs following the Terra LUNA and FTX collapses in 2022.

If history is anything to go by, this sell signal foretells a story of a potential 60 – 70% decline for the Bitcoin price. A downturn of that magnitude could see the market leader return to around $30,000 from the current price point.

However, it is worth noting that the weekly supertrend sell signal is currently still unconfirmed. While the indicator has been in a buy signal since January 2023, a weekly price close below $96,300 could spell the start of a bear market for Bitcoin.

Bitcoin Price At A Glance
As of this writing, the price of BTC sits just above $94,400, representing an over 6% decline in the past 24 hours.

The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Featured image from iStock, chart from TradingView

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Opeyemi Sule is a passionate crypto enthusiast, a proficient content writer, and a journalist at Bitcoinist. Opeyemi creates unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi enjoys reading poetry, chatting about politics, and listening to music, in addition to his strong interest in cryptocurrency.

BlackRock’s $2.5B BUIDL fund lands on BNB Chain as BNB outperforms Bitcoin and Ethereum, boosting on-chain RWA adoption.

Tatevik Avetisyan2 min read

15 November 2025, 07:01 PM

Now BNB is getting a double boost as BlackRock moves its $2.5 billion BUIDL fund onto BNB Chain and Binance starts taking the tokenized Treasuries as collateral. At the same time, fresh performance data show BNB beating Bitcoin, Ethereum and other majors year to date, underscoring the network’s growing pull with institutions and traders.

BlackRock’s $2.5B BUIDL Fund Goes Live on BNB ChainBlackRock has launched its USD Institutional Digital Liquidity Fund (BUIDL) on BNB Chain, bringing more than $2.5 billion in tokenized U.S. Treasuries to the network through a new share class.

BlackRock BUIDL on BNB Chain. Source: NekoZ

The move signals deeper institutional use of BNB Chain, highlighting its capacity to handle tokenized securities at scale. BUIDL already operates on other public blockchains, and this expansion adds another venue for qualified investors to hold on-chain fund shares.

At the same time, Binance is accepting BUIDL as collateral, linking tokenized Treasuries directly to trading activity on the exchange. Institutions can post BUIDL positions to back strategies while maintaining exposure to short-term U.S. debt, reinforcing the broader shift toward real-world assets on public blockchains.

BNB Extends Lead Over Major Digital AssetsMeanwhile, year-to-date performance data show BNB holding the strongest position among the major digital assets. The chart shared by Rand illustrates how BNB stayed above its peers through multiple market swings, even as other top assets struggled to maintain positive returns.

BNB Year To Date Outperformance. Source: Rand

Through the first-quarter volatility, BNB moved back toward the breakeven line faster than Bitcoin, Ethereum and Solana. As the year advanced, the token kept a steadier trajectory while competing assets dipped into deeper drawdowns, especially during mid-year corrections. The chart also shows XRP’s wide spikes early in the year, yet its gains faded as BNB continued to hold a more consistent lead.

Toward the final stretch of the year, BNB remained the only major asset to sustain meaningful positive returns. Bitcoin and Ethereum hovered near or below zero, while Solana and the broader altcoin group slipped into negative territory. 

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In brief
ETH holders move, sell, and spend their digital coins more than BTC investors, Glassnode data shows.
This is because the Ethereum network powers crypto applications, which use ETH as gas fees.
Bitcoin holders, on the other hand, tend to keep their coins in storage and treat BTC as "digital gold."
Bitcoin holders are still the true "diamond hands" investors compared to Ethereum buyers, according to a new report, with the latter coins being moved and spent far more than the original so-called digital gold.

Blockchain data firm Glassnode said in a new report—citing data collected before this week's crypto crash—that BTC moves less frequently than ETH, behaving more like a "digital savings asset." 

ETH moves far more as it functions as "digital oil," which is both stockpiled and actively used as network fuel and collateral. 

"Bitcoin behaves like the digital savings asset it was designed to be, in that coins are largely hoarded, turnover is low, and recent behavior shows that more supply is migrating into long-term hold wrappers rather than sitting on exchanges," the report said. 

"Ethereum's behavior also reflects the inherent properties of a high transaction smart contract platform," it added, "with a large anchored base from native staking, with the addition of recent market forces adding an investor component through ETFs."

The report goes on to note why: Ethereum's use in smart contracts, which hold the code that powers a wide array of decentralized applications, DeFi platforms, and tokenized assets.

As Glassnode notes, "ETH's long-term holders are mobilizing their old coins at a rate that's 3x faster than BTC's long-term holders, signaling ETH's long-term holders are more willing to part with their coins, pointing to utility-driven behavior."

Ethereum powers crypto applications, ranging from stablecoins to decentralized finance exchanges. To make transactions sending digital dollars or to swap tokens on a decentralized crypto exchange, users need to pay gas fees in ETH. 

It is because of the Ethereum network's use cases that, despite the approval of exchange-traded funds now trading on traditional stock exchanges, ETH still works less like a store-of-value asset compared to BTC—and that the coins are less dormant. 

Still, ETH still can have store-of-value use cases, Glassnode noted, explaining that "one out of every four ETH is locked in native staking and ETFs." 

Ethereum's price recently stood at nearly $3,208, down 4.5% over the past week. The coin was slow in reaching an all-time high but finally did so in August, breaking a nearly four-year-old record. It has traded well below that level—$4,946—in recent weeks. 

Bitcoin was recently trading at $95,992, falling by nearly 6% over the past seven days. The coin's all-time high stands at $126,088, touched in October.

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

Aster DEX has cleared the air on the confusion surrounding its token unlock schedule after an update to its tokenomics on CoinMarketCap (CMC) led users to believe the decentralized perpetual exchange had pushed back major unlock events by up to a decade.

What happenedAccording to a U.S. Securities and Exchange Commission (SEC) filing dated Nov. 14, 2025, Troluce Capital Advisors LLC reported selling its entire stake of 1,015,000 shares in NuScale Power Corporation (SMR 3.02%). The transaction was valued at $40,153,400 based on the Q3 average price. The fund now holds no shares of the company in its reportable portfolio.

What else to knowTroluce Capital Advisors LLC sold out its position in NuScale Power Corporation and now holds no shares in its 13F reportable portfolio.

Top equity holdings after the filing: 

Fluor: $42.1 million (14.9% of AUM)Capital One Financial: $40.6 million (14.4% of AUM)DuPont de Nemours: $31.2 million (11.0% of AUM)EchoStar: $23.8 million (8.4% of AUM)Amcor: $17.6 million (6.2% of AUM)As of Nov. 14, 2025, shares were priced at $22.45, down 8.96% over the past year, underperforming the S&P 500 by 22.64 percentage points.

Company OverviewMetricValuePrice (as of market close 2025-11-14)$22.45Market capitalization$6.7 billionRevenue (TTM)$63.90 millionNet income (TTM)N/ACompany SnapshotNuScale develops and sells modular light water reactor nuclear power plants, including the NuScale Power Module and VOYGR plant configurations, for energy generation and industrial applications.The company generates revenue through the sale and deployment of nuclear power modules and related engineering services to utilities and industrial customers.It targets electric utilities, industrial operators, and infrastructure developers seeking scalable, carbon-free energy solutions.NuScale Power Corporation is a leading developer of modular nuclear reactor technology, enabling scalable and flexible deployment of clean energy solutions. The company leverages its proprietary NuScale Power Module and VOYGR plant designs to address the growing demand for reliable, carbon-free power generation worldwide. NuScale's strategic focus on modularity and safety positions it as a competitive player in the advanced nuclear sector, serving utilities and industrial clients seeking innovative energy infrastructure.

Foolish takeNuScale Power has been a volatile name all year as some investors bet the company will have a solution to the growing power needs of data centers being built for artificial intelligence (AI) computing. NuScale stock has traded as low as $12.60 and as high as about $53 per share this year. Investors in NuScale are counting on the story to play out.

That could take several more years, though, and NuScale will likely need to continue to raise capital to get there. The company issued an at-the-market (ATM) stock offering in Q3, generating about $475 million in gross proceeds.

Troluce Capital may have wanted to lock in some gains with NuScale stock averaging almost $40 in Q3. That now seems like a good decision with many stocks related to the AI data center buildout pulling back recently. NuScale closed this week's trading session at $22.45 per share.

The stock would fit in a speculative part of one's portfolio. But it will take patience and require a high risk tolerance to own it for the longer term.

Glossary13F reportable assets: Assets that institutional investment managers must report quarterly to the SEC, disclosing certain equity holdings.
AUM (Assets Under Management): The total market value of investments managed on behalf of clients by a fund or firm.
Material portfolio shift: A significant change in a fund’s holdings that may impact its risk or investment strategy.
Stake: The ownership interest or investment a fund or individual holds in a particular company.
Modular light water reactor: A type of nuclear reactor designed in smaller, standardized units for flexible and scalable deployment.
NuScale Power Module: A proprietary, small-scale nuclear reactor developed by NuScale for modular energy generation.
VOYGR plant: NuScale’s branded configuration of multiple modular nuclear reactors for power generation.
Utilities: Companies that provide essential public services such as electricity, water, or gas to consumers and businesses.
Carbon-free energy: Electricity generated without emitting carbon dioxide, often using sources like nuclear, wind, or solar power.
TTM: The 12-month period ending with the most recent quarterly report.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amcor Plc. The Motley Fool recommends Capital One Financial and NuScale Power. The Motley Fool has a disclosure policy.

Kinetic liquidated its position in Trex. The stock's price is now 60% below its 52-week high.

On Nov. 14, 2025, Kinetic Partners Management, LP, disclosed in an SEC filing that it sold out its entire Trex position, a move valued at approximately $57.6 million.

What happenedAccording to a filing with the Securities and Exchange Commission dated Nov. 14, 2025, Kinetic Partners Management sold all 1,059,900 shares it held in Trex (TREX 1.67%) during the third quarter.

The estimated value of the trade was $57.6 million based on the quarterly average price.

No shares of Trex remain in the fund's portfolio following this transaction.

What else to knowKinetic Partners sold out of Trex; the position now represents 0% of reportable AUM.

The position was previously 3.2% of the fund's AUM as of the prior quarter.

Top holdings after the filing: 

Amazon (AMZN 1.27%): $173.6 million (8.4% of AUM)Nvidia (NVDA +1.68%): $142.8 million (6.9% of AUM)Sea Limited (SE +0.80%): $109.4 million (5.3% of AUM)Taiwan Semiconductor Manufacturing (TSM +0.90%): $101.3 million (4.9% of AUM)Carpenter Technology (CRS +1.78%): $94.9 million (4.6% of AUM)As of Nov. 14, 2025, Trex shares were priced at $31.77, down 55% over the prior year, underperforming the S&P 500 by 69 percentage points.

Company OverviewMetricValuePrice (as of market close November 14, 2025)$31.77Market capitalization$3.41 billionRevenue (TTM)$1.18 billionNet income (TTM)$197.9 millionCompany SnapshotTrex:

Manufactures and distributes composite decking, railing systems, fencing, and outdoor living accessories, with core products marketed under the Trex Transcend, Select, and Enhance brands.Generates revenue primarily through wholesale distribution, retail lumber dealers, and partnerships with large home improvement retailers, leveraging both direct sales and licensing agreements.Sells to customers such as residential homeowners, commercial property developers, and contractors across the United States, seeking durable, low-maintenance outdoor building solutions.Trex is a leading U.S. manufacturer of wood-alternative decking and outdoor living products, serving both residential and commercial markets.

The company's strategy centers on innovation in composite materials, broad distribution, and brand licensing to capture demand for sustainable, low-maintenance exterior solutions.

With a strong presence in major retail channels and a diverse product portfolio, Trex maintains a competitive edge through product durability, brand recognition, and an extensive distribution network.

Foolish takeIt appears that Kinetic made a quick profit on Trex when it bought the stock at around $56 in the second quarter of 2025 and sold it in Q3, when the stock was trading in the $60s.

Although short-term trading like this isn't the most Foolish investing strategy out there, it certainly paid dividends as Trex went on to report disappointing earnings in November, which saw the company's stock plummet to its current level in the $30s.

Long story short, Kinetic timed things well -- but that is a challenging task to achieve consistently.

From a Foolish perspective, I think Trex is a fascinating investment option today with its P/E ratio of 17 at its lowest level in the last decade.

While competition continues to intensify and the housing repair and remodeling market remains weak, I believe Trex's eco-friendly products, premium pricing, and leadership advantage in its composite decking niche will help it return to its market-beating ways.

It may take multiple quarters, maybe even years, for Trex to start firing on all cylinders again, as it is a cyclical stock. That said, I'm pleased that it is one of my core holdings, and I will continue to buy shares of the company as it repurchases its own undervalued stock.

Glossary13F reportable AUM: Assets under management that must be disclosed in quarterly SEC Form 13F filings by institutional investment managers.

Position: The amount of a particular security or asset held by an investor or fund.

Stake: The ownership interest or shareholding a fund or investor has in a company.

Trailing twelve months (TTM): The 12 months ending with the most recent quarterly report.

Wholesale distribution: Selling products in large quantities to retailers or distributors, rather than directly to consumers.

Licensing agreements: Contracts allowing one company to use another's brand, technology, or products for a fee.

Composite decking: Outdoor flooring material made from a blend of wood fibers and plastics, designed as an alternative to traditional wood.

Brand recognition: The extent to which consumers can identify a brand by its attributes or logo.

Distribution network: The system of intermediaries and channels a company uses to deliver products to customers.

Fund's portfolio: The collection of investments held by a fund or investment manager.

Graphene Manufacturing Group Ltd (TSX-V:GMG, OTCQX:GMGMF) CEO Craig Nicol talked with Proactive about the company's latest milestone — a commercial collaboration with global HVAC distributor Beijer Ref.

Nicol said the agreement marks a key step in deploying GMG’s graphene-based coating technology across the heating, ventilation, air conditioning, and refrigeration (HVAC-R) sector.

Starting mid-November, Beijer Ref customers in Australia will be able to opt for the coating on condenser and evaporator coolers.

The rollout will cover Beijer Ref’s 73 Australian locations. Nicol said the partnership offers customers energy efficiency benefits and a five-year warranty when applied by certified contractors. He added that GMG's Spray Academy, now running both in-person and online training, is crucial to ensuring consistent application standards.

Nicol also outlined how GMG’s coating fits into broader energy efficiency goals. With 24% of Australia’s electricity usage linked to air conditioning, and grid strain during peak heat driven by inefficient units, GMG’s solution targets significant reductions in power demand.

Over time, GMG hopes to expand the rollout to additional countries and partners.

Proactive: Hello you're watching Proactive, I'm joined by Craig Nicol, CEO of Graphene Manufacturing Group. Craig, very good to speak with you. Could you start off by telling us how significant the collaboration with Beijer Ref for your product commercialization strategy is, and what it means for your entry into the mainstream HVAC-R markets?

Craig Nicol: Thanks, and thanks for having me back on. The announcement we made two weeks ago now with Beijer Ref was a very important milestone for our graphene coating for HVAC industry. Beijer Ref is one of the largest distributors of air conditioning and refrigeration products globally. We've been working with them for some time, and it's good to get to this point.

Basically, from mid-November, their customers will have the option of having a graphene coating on their condenser and evaporator coolers. We hope it will be taken up by customers, and through a distribution system we will be able to coat that within a short timeframe.

It’s a big milestone for the company and also for the air conditioning industry, because I don’t think this type of service is otherwise available. So, big steps all around.

Can you give investors a sense of the potential commercial impact in terms of expected sales volumes or revenue contribution, because this is the rollout across Beijer Ref’s 73 locations in Australia?

Yeah, we’re quietly optimistic about it providing some relatively good revenue. Beijer Ref will obviously be helping their revenue with this as well. We’re definitely optimistic.

There’s the opportunity for people to get a five-year warranty on their graphene coating, which has been proven to increase the heat transfer rate. So, the refrigeration coolers become more efficient, with longer life and better performance. I think everyone’s going to win.

Let’s see how the numbers go. This is just one country, one company. We can obviously launch it in other countries and with other companies. Beijer Ref is a major business in this industry, one of the largest by far, so it’s great to be working with them.

Craig, you're training certified contractors through the GMG Spray Academy. How critical is that program to ensuring product consistency and maintaining GMG’s reputation as this scales up?

Yeah, it's a great question. The important thing is that we actually have certified base coat applicators. When you have a certified applicator, we can then provide that five-year warranty. That warranty will come with customer benefits.

The Spray Academy has already launched in Australia. We’ve done one physical, in-person session and another is coming shortly. We’re also launching our first global online Spray Academy in the next two weeks.

We’ll roll that out around the world in different formats, including online learning. Certification ensures coating quality and performance, which is important so customers get the true benefits of our product.

Craig, beyond this partnership, how do you see graphene-based coatings fitting against the global energy efficiency and sustainability trend in HVAC? And what role is GMG going to play in that transition?

Fantastic question. So, 24% of Australia's electricity needs are related to air conditioning. Another amazing stat is that about one-quarter of the grid is used for just 1% of the time — those really hot days — because of relatively inefficient air conditioners causing spikes in power demand.

Billions of dollars are being spent right now in the grid, just in Australia, because of inefficient air conditioners. We aim to help with that.

As more air conditioners are coated with our coating, power demand on hot days will reduce due to improved efficiency, and therefore grid demand will be less.

Energy efficiency is an unsexy but very important way of de-risking renewables and energy security. We provide an important product and technology in this space.

Our job is to get more people to know about our product, test it, use it, and then see the benefits. Then, you’ll start to see grid problems reduce — and we know that.

Quotes have been lightly edited for clarity and style

Victorian style homes and orange barricades along narrow residential street during utility construction, in the Hayes Valley neighborhood of San Francisco, known locally as Cerebral Valley due to the large number of artificial intelligence industry workers present in the area, August 19, 2025. (Photo by Smith Collection/Gado/Getty Images)

Gado via Getty Images

Nvidia stock will move the market this coming Wednesday night, says CNBC’s Jim Cramer.

That’s because Nov. 19, the AI chip designer will deliver a third quarter earnings report that could shake the markets up or down, noted CNBC.

If Nvidia beats expectations, raises guidance, has maintained its lead over AMD, and says the company’s new Vera Rubin line of chips is ready to go, $NVDA could rise. Otherwise, look out below, concluded Cramer.

Along with OpenAI, Nvidia is the co-leader of the booming generative AI industry. Without the continued success of these two, the entire industry value network – including chip manufacturers, AI cloud services providers, large language model builders, AI development tool makers, and AI application developers about which I wrote in my book, Brain Rush – will also suffer a drop in value.

While there is no question we are in an AI bubble, I see the opportunities for investors exceeding the risks for now, I wrote in an October Forbes post. On November 12, I attended the Cerebral Valley AI Summit in San Francisco where I learned meaningful insights which largely reinforced that conclusion.

Along with mixed views on the prospects for specific AI companies and some eccentric personalities, I observed a diverse collection of knowledgeable, passionate, articulate, and savvy investors and entrepreneurs aiming to create valuable products for their customers.

MORE FOR YOU

Investment opportunities and threats. Two venture capitalists agree AI is in a bubble but they said that is where you can make money -- they detailed some of their investments. Also an anonymous survey of 300 Summit attendees revealed a bullish view for Nvidia stock and a pessimistic outlook for OpenAI.Fast-growing AI business models. Using vibe coding to create new businesses quickly -- notably Magic School that lets teachers use AI to create and grade assignments -- is a new business model. Other interesting ones include using AI to make the legal industry more effective and replacing human customer service people with AI-powered voice. Many compelling business leaders. This conference featured many fascinating founders including the cofounder of Instagram and Anthropic’s current chief product officer Mike Krieger, and many others leaders with deep knowledge of their problem spaces and struck me as extremely thoughtful and articulate.Social and political oddities. San Francisco’s mayor Daniel Lurie – who proudly pronounced crime down 30% in the city – reluctantly responded to a question about how he kept the federal government from sending in the National Guard. Moreover, many of the founders struck me as Musk-pilled by the idea that smart people should have lots of children.Read on for more on how these observations could shape generative AI’s future and what to expect from Nvidia’s Q3 report.

What To Expect From Nvidia’s Q3 ReportExpectations are high for Nvidia’s third quarter report. That’s due in part to the company’s track record. The AI chip designer “has beaten Wall Street earnings estimates 90% of the time over the past five years but averaged only a 6.5% beat in the last four quarters,” according to Yahoo! Finance.

Investors are looking for revenue and adjusted earnings per share for Nvidia to increase 56% and 54%, respectively, to $54.83 billion in revenue and $1.25 in adjusted EPS, Yahoo! Finance reported. That’s about the same as the company’s Q2 revenue growth of 55.6% and more than the 59% EPS increase in that quarter.

Ongoing restrictions on Nvidia’s ability to sell advanced H20 AI chips to China could “shave several billion off potential revenue,” wrote Yahoo! Finance. CEO Jensen Huang recently confirmed the likelihood this situation will not change.

The possibility of a better-than-expected report would come from record-beating data center revenue coupled with higher profitability resulting from “economies of scale and software integrations, such as CUDA,” concluded Yahoo! Finance.

AI Investment Opportunities And ThreatsGiven Nvidia’s dominance of the AI chip industry, the future for investors in the stock depends on whether there is an AI bubble blowing up, how soon it will burst, and how severe the damage will be.

Last month, I suggested two more optimistic and likely scenarios: The first one is that companies discover and deploy applications of AI that generate enough incremental growth and profit to make the $3 trillion in investment pay off. The second is that AI investment continues as a slower pace and valuations adjust accordingly.

The more than 300 industry insiders attending the Cerebral Valley AI Summit represented some $500 billion in value, said conference organizer Eric Newcomer. Two venture capitalists admitted there was a bubble and viewed this as an opportunity.

“Yes, there is an AI bubble,” admitted a Kleiner Perkins partner Ilya Fushman and investor Elad Gil. Bubbles are good times for investing and many companies are funded, few survive the burst. Gil said.

Such bubbles are nothing new – they occurred in the auto industry when it was taking off. During the dot-com, he said thousands went public, a few dozen survived, and there are two giant companies -- Amazon and Google.

Where is the investment opportunity in the AI stack? Foundation models have the potential to get five to 10 times bigger, they said.

Gil sees opportunity in AI infrastructure. He invested in Brain Co (along with President Trump’s son-in-law Jared Kushner) which has developed tools that use AI to "help hotels streamline bookings, enable governments to process construction permits, and assist insurers in managing claims more efficiently." noted Forbes.

Gil also invested in Long Lake -- a real estate roll-up startup focused on consolidating homeowners' associations.

Fushman has backed Harmonic -- which provides “mathematical super intelligence” -- and Profound -- a platform for measuring brand visibility. Both have backed Harvey -- which helps make lawyers more productive in their corporate work.

Another interesting investment angle is the results of an anonymous survey of the 300+ attendees at the conference.

They estimated Nvidia would be worth $6 trillion in 2026, OpenAI will hit $30 billion in 2026 revenue but more attendees want to invest in Anthropic.

The most popular unicorn to short is Perplexity (which is valued at $20 billion, according to PitchBook – the source of all valuations in this story), second most likely to drop is Open AI ($500 billion), while in third place were several including Cursor ($29.3 billion), Mistral ($13.7 billion), and Thinking Machines ($10 billion).

Fast-Growing AI Business ModelsThere were many interesting AI business models. Of these, I was most interested in

How vibe coding is spinning up businesses with enough revenue to be valued at $500 million very quickly; The aforementioned Harvey (valued at $9.33 billion) which uses AI to enable law firms to grow more profitably; and ElevenLabs ($3.3 billion) -- a leader in voice AI replacing customer service with AI while enabling celebrities to monetize their voices.The vibe coding startups use Replit ($3 billion) whose CEO Amjad Masad cited Magic which helps teachers create and grade assignments founded in late 2023 ($452 million).

I am sorry he declined to name the JP Morgan executive who used Replit to create an investment banking service that generated $1 million in contract revenue in weeks that Masad said is valued at $500 million.

Such business models offer a way for domain experts to turn their insights into products that generate significant value for customers. In general, such startups will not survive if they are competing on price -- they must provide value. Masad concluded.

Compelling AI Business LeadersThere were several individual speakers -- mostly founders -- who struck me as especially brilliant and compelling speakers.

These include Andy Konwinski -- sporting a very long beard who co founded Perplexity, Databricks, and Laude Ventures -- which is investing $150 million from the most highly paid AI scientists to invest in their projects and helps them negotiate with companies that want to hire them.

Before starting the company, Harvey’s CEO Winston Weinberg was an associate at O’Melveny & Myers in antitrust and securities litigation. Harvey has grown to 440 people -- including many domain experts which strikes me as interesting.

How so? Decades ago I was an early employee in Applied Expert Systems, an MIT expert systems startup that interviewed domain experts and coded their decision rules for personal financial planning, as I recounted in Brain Rush. Like ApEx, Harvey is tapping into the value of human subject matter experts – albeit far more successfully.

The company has 800 customers -- mostly law firms who use the company’s AI agents to serve their corporate clients more efficiently by getting the right data and using the right tools, Weinberg explained.

Mati Staniszewski is CEO of Eleven Labs. “Its technology creates human-like AI voices, converts text to speech and dubs audio in 29 languages. With partnerships spanning The Atlantic, Washington Post and TheSoul Publishing (known for 5-Minute Crafts),” noted Forbes.

Christina Cacioppo CEO of Vanta ($4.2 billion). Founded in 2018 and based in San Francisco, the 1,411-employee company develops a compliance management platform that automates risk management, security audits, and vendor assessments. Cacioppo is extremely articulate -- as are Weinberg and Staniszewski.

She has a deep knowledge of risk management and security and flings neologisms like 'AI-pilled’ to refer to employees who have grown up with AI.

Finally, Mike Krieger -- who co-founded Instagram and is chief product officer at Anthropic ($183 billion) -- described with eloquence the design challenges of balancing empathy against sycophancy to users.

Social And Political OdditiesThe conference concluded with Daniel Lurie, Mayor of San Francisco, and Jimmy Ba -- a professor at U. Toronto who cofounded xAI.

Lurie talked about how crime has dropped 30% since he became mayor, people are coming back to San Francisco -- drawing complaints about traffic, and real estate values are rising. He said he is working on stopping drug dealing on the streets and arresting people for illegal drug use. "Public transit, public safety, and behavioral health" are improving, he added.

He reluctantly answered a question about his role in keeping federal border agents from being sent to San Francisco.

Without mentioning his name, Lurie pointed out that Salesforce CEO Mark Benioff – whose concerns about security at the company’s Dreamforce conference prompted the federal border agent threat, according to the New York Times – does not live in San Francisco and he does not know that crime has dropped since Lurie became mayor. Lurie said he offered to take Benioff with him as he walks through the streets meeting with people.

The final speaker was Jimmy Ba -- a professor at U. Toronto where he studied with 2024 Physics Nobel Prize winner Jeffrey Hinton -- who cofounded xAI.

Newcomer asked Ba about xAI’s calling itself MechaHitler and whether Ba thinks Trump won the 2020 election. Ba’s responses – which seemed to view these incidents as opportunities to train xAI’s “truth seeking” models – struck me as non-responsive to Newcomer’s questions.

When asked what Elon Musk told him recently, Ba said "build human emulators." I was thinking in the wake of his potential $1 trillion Tesla pay package, perhaps Musk is hoping Grok can someday control the army of robots he aspires to build.

I was also struck by Konwinski's comments about how government cuts to research budgets are making Beijing the place where the world's most talented researchers want to work because they can publish their work, build open source models, and "nudge the fate of humanity."

Finally, I found it interesting that many of the speakers were talking about their children. how they were using AI, and what kind of a future they were creating for them.

One of the speakers mentioned Musk’s comment about how smart people should have more children. This made me realize that children and the cost of living generally is so high -- especially in San Francisco -- that only the wealthiest people can afford to own a home and raise children.

The future of generative AI could all depend on whether OpenAI CEO Sam Altman ends up being more like WeWork CEO Adam Neumann – who magically spun its money-losing business model to investors like Masayoshi Son – or Apple’s late CEO Steve Jobs.

If Altman is more like Jobs, Nvidia’s stock has further to rise and OpenAI could one day have a $1 trillion IPO. If Altman is more like Neumann, a less lucrative outcome could ensue.

VOO charges a lower expense ratio and delivers a higher dividend yield than MGK. MGK has outperformed VOO in the past year but carries higher volatility and a deeper historical drawdown.

Rigetti's stock just pulled back, but Wall Street still sees 55% upside -- discover why analysts believe this quantum pioneer could stage a massive comeback.

Rigetti Computing (RGTI +0.91%) could be entering its most exciting phase yet. With Wall Street projecting 55% upside and new partnerships fueling growth, Rigetti may be on the verge of another breakout as the quantum revolution accelerates. Could this be the most overlooked tech rebound of 2026?

Stock prices used were the market prices of Nov. 11, 2025. The video was published on Nov. 14, 2025.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

A renewed wave of spending from Chinese consumers, coupled with steady demand in the US, is breathing life back into the global luxury sector. After a challenging year marked by economic uncertainty and shifting consumer habits, brands like Richemont, LVMH, and Ralph Lauren are emerging as standout beneficiaries of this rebound.