Market Signal Briefing

e.l.f. Beauty, Inc. (ELF) Discusses Market Reaction to Q2 Results and Growth Drivers in U.S. Mass Beauty November 14, 2025 12:30 PM EST

Company Participants

Tarang Amin - Chairman, CEO & President
Mandy Fields - Senior VP & CFO

Conference Call Participants

Bonnie Herzog - Goldman Sachs Group, Inc., Research Division

Presentation

Bonnie Herzog
Goldman Sachs Group, Inc., Research Division

Good afternoon, everyone. I'm Bonnie Herzog, Goldman Sachs beverage household and personal care, nicotine and C-store analyst. Joining us today is e.l.f.'s management team, including Chairman and CEO, Tarang Amin; and CFO, Mandy Fields.

Now before we get started, I'm required to make certain disclosures and public appearances about Goldman Sachs relationships with companies that we discuss. The disclosure relates to investment banking relationships, compensation received or 1% or more ownership. We're prepared to read out aloud disclosures for any issuer upon request, however, these disclosures are available in our most recent reports available on our firm portals. Disclosures and updates are also available on the firm's public website.

Now with that out of the way, it's my pleasure to welcome everyone to today's meeting. Thank you again, Tarang and Mandy, for your time.

Question-and-Answer Session

Bonnie Herzog
Goldman Sachs Group, Inc., Research Division

So I wanted to kick things off, Tarang, first with you just in terms of your results last week and the market's reaction. I was hoping maybe you could talk about the pullback we saw in your stock price. And did you expect such a strong reaction to your F Q2 results?

Tarang Amin
Chairman, CEO & President

Well, it was a surprise. I would tell you the fundamentals of our business are good, and so we do feel it was an overreaction. In fact, it was such the overreaction that we did tap into our authorization and repurchased $50 million of

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of BXSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Repare Therapeutics Inc. (NASDAQ: RPTX) to XenoTherapeutics, Inc. is fair to Repare shareholders. Upon closing of the proposed transaction, it is estimated that each Repare shareholder will receive a cash payment of $1.82 per share, plus one non-transferable contingent value right entitling the holder to receive certain cash payments under certain conditions. Halper Sadeh encourages Re.

Q3: 2025-11-13 Earnings SummaryEPS of $6.47 beats by $0.16

 |

Revenue of

$1.70B

(16.55% Y/Y)

misses by $5.59M

Credicorp Ltd. (BAP) Q3 2025 Earnings Call November 14, 2025 9:30 AM EST

Company Participants

Milagros Cigüeñas - Head of Investor Relations
Gianfranco Piero Ferrari de Las Casas - Chief Executive Officer
Alejandro Perez-Reyes - Chief Financial Officer
César Ríos - Chief Risk Officer

Conference Call Participants

Ernesto María Gabilondo Márquez - BofA Securities, Research Division
Brian Flores - Citigroup Inc., Research Division
Renato Meloni - Bernstein Autonomous LLP
Yuri Fernandes - JPMorgan Chase & Co, Research Division
Lindsey Marie Shema - Goldman Sachs Group, Inc., Research Division
Daniel Vaz - J. Safra Corretora de Valores e Cambio Ltda, Research Division
Carlos Gomez-Lopez - HSBC Global Investment Research
Andres Soto - Santander Investment Securities Inc., Research Division
Alonso Aramburú - Banco BTG Pactual S.A., Research Division
Marcelo Mizrahi - Banco Bradesco BBI S.A., Research Division

Presentation

Operator

Good morning, everyone. I would like to welcome you to the Credicorp Ltd. Third Quarter 2025 Conference Call. A slide presentation will accompany today's webcast, which is available in the Investors section of Credicorp's website. Today's conference call is being recorded. [Operator Instructions] Now it is my pleasure to turn the conference call over to Credicorp's IRO, Milagros Ciguenas. You may begin.

Milagros Cigüeñas
Head of Investor Relations

Thank you, and good morning, everyone. Speaking on today's call will be Gianfranco Ferrari, our Chief Executive Officer; and Alejandro Perez-Reyes, our Chief Financial Officer. Participating in the Q&A session will also be Francesca Raffo, Chief Innovation Officer; Cesar Rios, Chief Risk Officer; Cesar Rivera, CFO of Insurance & Pensions; and Rocio Benavides, Mibanco's Chief Financial Officer.

Before we proceed, I would like to make the following safe harbor statement. Today's call will contain forward-looking statements, which are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties, and I refer you to the forward-looking statements section of our earnings release and

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November 14, 2025 11:05 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 14, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DexCom, Inc. (NASDAQ: DXCM) between July 26, 2024 and September 17, 2025, both dates inclusive (the "Class Period") of the important December 29, 2025 lead plaintiff deadline.

SO WHAT: If you purchased DexCom securities 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 DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 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, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to the G6 and G7 continuous glucose monitoring ("CGM") systems that were unauthorized by the U.S. Food and Drug Administration (the "FDA"); (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) accordingly, defendants' purported enhancements to the G7, as well as the device's reliability, accuracy, and functionality, were overstated; (4) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 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/274645

A federal jury in California said on Friday that Apple owes medical-monitoring technology company Masimo $634 million for infringing a patent covering blood-oxygen reading technology.

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Jasper Therapeutics, Inc. (NASDAQ: JSPR) between November 30, 2023 and July 3, 2025, both dates inclusive (the "Class Period"), of the important November 18, 2025 lead plaintiff deadline.

So what: If you purchased Jasper Therapeutics securities 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 Jasper Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=45109 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 18, 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 made false and/or misleading statements and/or failed to disclose that: (1) Jasper lacked the controls and procedures necessary to ensure that the third-party manufacturers on which it relied were manufacturing products in full accordance with  cGMP regulations and otherwise suitable for use in clinical trials; (2) the foregoing failure increased the risk that results of ongoing studies would be confounded, thereby negatively impacting the regulatory and commercial prospects of Jasper's products, including briquilimab; (3) the foregoing increased the likelihood of disruptive cost-reduction measures; (4) accordingly, Jasper's business and/or financial prospects, as well as briquilimab's clinical and/or commercial prospects, were overstated; and (5) as a result, defendants' public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Jasper Therapeutics class action, go to https://rosenlegal.com/submit-form/?case_id=45109 https://rosenlegal.com/submit-form/?case_id=44811or 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.

Sonova Holding AG (OTCPK:SONVY) Q2 2026 Earnings Call November 14, 2025 7:00 AM EST

Company Participants

Thomas Bernhardsgruetter - Senior Director of Investor Relations
Eric Bernard - CEO & Interim GVP of Hearing Instruments
Elodie Carr-Cingari - Chief Financial Officer

Conference Call Participants

Hassan Al-Wakeel - Barclays Bank PLC, Research Division
Andjela Bozinovic - BNP Paribas, Research Division
Veronika Dubajova - Citigroup Inc., Research Division
Oliver Metzger - ODDO BHF Corporate & Markets, Research Division
Urs Kunz - Research Partners AG
Martinien Rula - Jefferies LLC, Research Division
Susannah Ludwig - Sanford C. Bernstein & Co., LLC., Research Division
David Adlington - JPMorgan Chase & Co, Research Division
Niels Granholm-Leth - DNB Carnegie, Research Division
Sibylle Bischofberger

Presentation

Operator

Ladies and gentlemen, welcome to the Sonova Half Year Results 2025-2026 Conference Call and Live Webcast. I am Matilda, the Chorus Call operator. [Operator Instructions] The conference is being recorded. [Operator Instructions] The conference must not be recorded for publication or broadcast.

At this time, it's my pleasure to hand over to Thomas Bernhardsgrutter, Senior Director, Investor Relations. Please go ahead, sir.

Thomas Bernhardsgruetter
Senior Director of Investor Relations

Yes. Welcome, everyone, to our half year 2025-'26 results presentation. The slides for this call are available on our website. With me in the room are Eric Bernard, CEO; and Elodie Carr, CFO of Sonova. During the call, Eric will take you through the performance across our four businesses and give you a quick recap of all the new innovations we recently presented at the EUHA Congress in Germany. He will then hand over to Elodie, who will take you through the financials in more detail and present the outlook for the current financial year. We will then move to Q&A, where those of you who have dialed in over the phone have an opportunity to ask questions.

Before we dive

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Q4: 2025-11-13 Earnings SummaryEPS of $0.34 beats by $0.04

 |

Revenue of

$336.81M

(14.35% Y/Y)

beats by $11.42M

EZCORP, Inc. (EZPW) Q4 2025 Earnings Call November 14, 2025 9:00 AM EST

Company Participants

Lachlan Given - CEO & Director
Timothy Jugmans - Chief Financial Officer

Conference Call Participants

Sean Mansouri - Elevate Ir
Brian McNamara - Canaccord Genuity Corp., Research Division
David Scharf - Citizens JMP Securities, LLC, Research Division
Kyle Joseph - Stephens Inc., Research Division
Raj Sharma
Andrew Scutt - ROTH Capital Partners, LLC, Research Division

Presentation

Operator

Good morning, ladies and gentlemen. Welcome to the EZCORP Fiscal Fourth Quarter and Full Year 2025 Earnings Call. [Operator Instructions] As a reminder, this call may be recorded.

I'd now like to turn the conference over to Sean Mansouri, the company's Investor Relations Adviser with Elevate IR. Please go ahead, Sean.

Sean Mansouri
Elevate Ir

Thank you, and good morning, everyone. During our prepared remarks, we will refer to slides, which are available for viewing or download from our website at investors.ezcorp.com. Before we begin, I'd like to remind everyone that this conference call as well as the presentation slides contain certain forward-looking statements regarding the company's expected operating and financial performance for future periods. These statements are based on the company's current expectations.

Actual results for future periods may differ materially from those expressed due to a number of risks or other factors that are discussed in our annual, quarterly and other reports filed with the Securities and Exchange Commission. And as noted in our presentation materials and unless otherwise identified, results are presented on an adjusted basis to remove the effect of foreign currency fluctuations and other discrete items.

Joining us today on the call are EZCORP's Chief Executive Officer, Lachie Given; and Tim Jugmans, Chief Financial Officer.

Now I'd like to turn the call over to Lachie.

Lachlan Given
CEO & Director

Thank you, Sean, and good morning, everyone. Fiscal 2025 was a

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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.

Q3: 2025-11-13 Earnings SummaryEPS of $0.35 misses by $0.01

 |

Revenue of

$35.37M

misses by $12.60K

MSC Income Fund, Inc. (MSIF) Q3 2025 Earnings Call November 14, 2025 10:00 AM EST

Company Participants

Zach Vaughan
Dwayne Hyzak - CEO & Chairman of the Board
Nicholas Meserve - Managing Director
David Magdol - President & Chief Investment Officer
Cory Gilbert - CFO & Treasurer

Conference Call Participants

Robert Dodd - Raymond James & Associates, Inc., Research Division
Brian Mckenna - Citizens JMP Securities, LLC, Research Division
Kenneth Lee - RBC Capital Markets, Research Division
Arren Cyganovich - Truist Securities, Inc., Research Division
Paul Johnson - Keefe, Bruyette, & Woods, Inc., Research Division
Douglas Harter - UBS Investment Bank, Research Division
Mickey Schleien - Clear Street LLC

Presentation

Operator

Greetings, and welcome to the MSC Income Fund Third Quarter Earnings Conference Call.

[Operator Instructions]

As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Zach Vaughan. Thank you, sir. You may begin.

Zach Vaughan

Thank you, operator, and good morning, everyone. Thank you for joining us for MSC Income Fund's Third Quarter Earnings Conference Call. Joining me today with prepared comments are Dwayne Hyzak, Chief Executive Officer; David Magdol, President and Chief Investment Officer; Nick Meserve, Managing Director and Head of the Private Credit Investment Group; and Cory Gilbert, Chief Financial Officer.

MSC Income Fund issued a press release yesterday afternoon that details the Fund's third quarter financial and operating results. This document is available on the Investor Relations section of the Fund's website at mscincomefund.com.

A replay of today's call will be available beginning an hour after the completion of the call and will remain available until November 21.

Information on how to access the replay was included in yesterday's earnings release. We also advise you that this conference call is being broadcast live through the Internet and can be accessed on the Fund's homepage.

Please note

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Fed Messaging Erodes Rate Cut Odds
Federal Reserve officials leaned hawkish throughout the week, with Kansas City Fed President Jeffrey Schmid stating inflation remains too elevated. That tone helped drag the CME FedWatch Tool’s implied probability for a December 25-basis-point rate cut down to 46%, from 50% earlier in the week. The repricing caught gold bulls off guard and triggered a wave of broad asset liquidation.

The market reaction wasn’t limited to metals. Equities and bonds also sold off as rising yields pushed investors to exit risk assets. In this kind of forced liquidation, even gold, typically a safe haven, came under pressure as traders scrambled to raise cash and meet margin calls.

Data Vacuum Keeps Traders Guessing
Traders were also left flying blind due to missing government data, a ripple effect from the recently resolved U.S. government shutdown. October’s CPI, PPI, and nonfarm payrolls were not published, and the White House confirmed some reports may never be released. Without hard economic data, markets have been forced to rely heavily on Fed commentary and sentiment.

That uncertainty has kept both the Fed and investors in a holding pattern, with futures markets struggling to price the next policy move with confidence.

Rising Yields Add to Gold’s Headwinds
U.S. Treasury yields moved higher across the curve. The 10-year closed at 4.148%, while the 2-year rose to 3.61% and the 30-year ended at 4.749%. With real yields firming and rate cut odds fading, the opportunity cost of holding non-yielding gold increased, pressuring the metal further.

Physical gold demand in Asia was also muted, offering no cushion during Friday’s sharp drop. That lack of retail support left futures more vulnerable to momentum-driven selling.

SummaryGraham Corporation shares are up ~40% YTD as stronger orders, higher guidance, and improved profitability offset a softer Q2; management still targets higher FY26 gross margin and EBITDA.TTM revenue growth is ~16% with quarterly volatility; defense rose 32% in Q2, space 17%, and energy/process 11%, pushing book-to-bill to 1.3x and backlog to a record ~$500M.Gross margin expanded from ~7% in 2022 to ~25% in 2025, driven by mix, pricing, and execution; Q2 margin dipped 220 bps on tariffs, mix, and comps.Capital allocation is now central: CapEx/R&D lifted to ~10–12% of sales (from ~2% in 2022), free cash flow near-term pressured, but aimed at ROIC >20% and EBITDA margin of 13–15%.Key risks: high valuation sensitivity, execution on cost/mix to meet margin guide, heavy defence exposure in backlog, and payback on stepped-up investment and M&A not meeting expectations. AndreyPopov/iStock via Getty Images

Introduction Graham Corporation (GHM) has seen strong price appreciation the past year. It is up almost 40% YTD and 6.71% the last month. The rise is backed by increased profitability, strong orders, and increased guidance over the last 11 months. Despite

Analyst’s Disclosure:I/we have a beneficial long position in the shares of GHM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017,
aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy,
our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a
rigorous Review Methodology when evaluating exchanges and tools. From emerging
blockchain projects and coin launches to industry events and technical developments, we cover
all facets of the digital asset space with unwavering commitment to timely, relevant information.

Eric Trump has predicted that Bitcoin is set to attract capital from gold. This comes even as BTC’s price struggles below $100,000 due to the recent market crash.

Eric Trump Sees Bitcoin Flipping Gold in Global Reserve Debate
In a recent interview, Eric Trump made the case that the balance between the two assets was shifting more towards Bitcoin. He said that as the world gets increasingly connected, assets such as Bitcoin start to have the advantage over physical commodities like gold.

Eric Trump shared that gold requires physical storage. Bitcoin however offers fast solutions for international investors.

Eric’s comments follow other calls suggesting Bitcoin could one day surpass gold in market value. In October, Binance founder Changpeng “CZ” Zhao predicted Bitcoin would one day flip gold’s approximate $30 trillion valuation. “It might take some time, but it will happen,” CZ said. 

Strategy co-founder Michael Saylor also chimed in. He said Bitcoin will surpass gold’s market cap by 2035. He said this will happen precisely when 99% of the digital currency’s supply will already have been mined. Saylor added BTC was the “centerpiece of the digital gold rush.”

Market Dip Highlights Divide Between Bitcoin and Gold
Though both are now deemed safe-haven assets, bitcoin and gold continue to behave quite differently in the markets. Gold currently holds a market cap between $20.8 and $28 trillion. Bitcoin, on the other hand, has over $2 trillion. This is about 8-10% of gold’s value.

Meanwhile, Gold has just seen its largest daily drop since 2013. This might be the beginning of a rotation of capital from gold into Bitcoin, according to one analyst at Bitwise.

Meanwhile, Peter Schiff is not convinced about Bitcoin’s chances to flip gold. He argued that Bitcoin is starting to lose its appeal as a store of value. Schiff pointed out that Bitcoin has also fallen over 30% against gold since August.

The cryptocurrency market is on high alert today as nearly $5 billion worth of Bitcoin and Ethereum options approach expiration on Deribit. The settlement, scheduled for November 14 at 8:00 UTC, is expected to influence short-term price action for both major assets as traders adjust positions around their strike levels.

2 mins mins

Key Points:

Hackers laundered stolen ETH through Tornado Cash.Approximately $6.36 million in ETH laundered recently.Security experts indicate trends of repeating hacker strategies.
On November 15, PANews reported that Balancer hackers laundered 2,000 ETH ($6.36 million) through Tornado Cash after exchanging non-ETH tokens, indicating abandonment of asset return options.

The event highlights persistent vulnerabilities in DeFi protocols and underscores ineffective white-hat incentives in deterring sophisticated exploiters.

Balancer Hack: $6.36 Million ETH Laundered via Tornado Cash
On November 15th, reports from PANews revealed that hackers laundered a significant amount of stolen ETH through Tornado Cash. Bypassing white-hat negotiation, these actors showcase advanced operational security and persist with methodologies used in earlier DeFi exploits.

Community reactions to the breach show heightened concern for timely recovery efforts. StakeWise DAO intervened to recover some assets, indicating a prompt strategic response. Financial losses impacted protocol TVL and liquidity, while StakeWise’s coordination limited asset drains, underscoring effective community intervention.

“The exploiter’s account was initially funded with 100 Ether already held within Tornado Cash, suggesting the individual may have been involved in previous hacks.”
Security Challenges Escalate: Tornado Cash and DeFi’s Vulnerabilities
Did you know? The Balancer hack aligns with previous major DeFi attacks, underscoring the vulnerabilities posed by Tornado Cash, a tool repeatedly used in laundering operations such as the Ronin Bridge and Harmony Horizon breaches.

According to CoinMarketCap, Ethereum (ETH) was trading at $3169.33 with a market cap of $382.53 billion and a 24-hour trading volume of $42.15 billion as of November 15, 2025. ETH experienced significant price reductions across various periods, notably a 29.32% fall over 24 hours.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 05:38 UTC on November 15, 2025. Source: CoinMarketCap

Analyzing these trends, Coincu’s research team anticipates potential regulatory scrutiny will intensify around Tornado Cash, influencing broader DeFi security frameworks. Technological innovations in security protocols are expected to develop as stakeholders aim to counteract advanced laundering techniques.

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

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

On-chain data shows Ethereum investors with a holding time greater than three years have ramped up their selling to levels not seen since 2021.

Seasoned Ethereum Holders Are Increasing Their Distribution
As explained by on-chain analytics firm Glassnode in a new post on X, the 3 to 10 years old Ethereum holders have notably raised their spending recently. These investors belong to a broader group known as the long-term holder (LTH) cohort, which has a holding time cutoff of 155 days.

Statistically, the longer an investor holds onto their coins, the less likely they become to sell them at any point. As such, the LTHs as a whole can be considered diamond hands.

Since the 3 to 10 years old ETH investors would be old even by the standard of the LTHs, they may be assumed to include the most stalwart of HODLers. Given this stature of the cohort, the behavior of its investors may be worth keeping an eye on, for selling from them could be a sign that market conditions have forced even the most seasoned hands into exiting.

One way to track the behavior of the group is through the Spent Volume by Age indicator, which tracks the transactions that the various investor age bands are making on the blockchain. Below is the chart for the metric shared by Glassnode that shows the trend in its 90-day moving average (MA) for Ethereum over the last few years.

The value of the metric appears to have shot up in recent months | Source: Glassnode on X
As displayed in the graph, the Spent Volume by Age has shot up for the investors belonging in the 3 to 10 years holding time bracket since late-August. At present, the 90-day MA is sitting above 45,000 ETH, meaning the veterans of the market are selling tokens worth $139 million every day.

“This marks the highest spending level by seasoned investors since Feb 2021,” noted the analytics firm. Besides the selloff in February, this group also participated in almost the same level of distribution alongside the bull run top in the second half of that year.

As the latest wave of selling has arrived, Ethereum has witnessed bearish momentum. It only remains to be seen whether this decline in the price would lead into another bear market like in late 2021, or if the bull run will regain its footing as in February 2021.

LTH selling isn’t the only bearish factor that ETH has had to deal with recently. As the chart shared by CryptoQuant community analyst Maartunn shows, the Ethereum spot exchange-traded funds (ETFs) have witnessed significant outflows over the past month.

The trend in the spot ETF netflows for Ethereum and Bitcoin | Source: @JA_Maartun on X
From the above chart, it’s apparent that Ethereum spot ETFs are seeing a negative 30-day netflow of $1.21 billion, while Bitcoin has had it even worse with $2.80 billion in net outflows.

ETH Price
At the time of writing, Ethereum is trading around $3,100, down over 4% in the last week.

Looks like the price of the coin has plunged during the past day | Source: ETHUSDT on TradingView
Featured image from Dall-E, Glassnode.com, CryptoQuant.com, chart from TradingView.com

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Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches.
Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

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Posted: November 15, 2025

Key takeaways
Why is Cash App using Solana for stablecoin transactions instead of Bitcoin’s blockchain? 
Cash App chose Solana to settle USDC transactions due to its speed and growing role in mainstream finance.

What do Cash App and Visa’s recent moves indicate about the future of digital payments? 
They reflect a broader shift toward integrating blockchain and stablecoins into global, borderless payment systems.

In a major step toward expanding its crypto capabilities, Cash App has announced a series of product updates, including new features for Bitcoin [BTC] and stablecoin payments.

However, in a surprising twist, the payments giant, owned by Block, Inc., revealed that it will initially settle stablecoin transactions on the Solana network, instead of Bitcoin’s blockchain.

Cash App has announced that users will soon be able to send and receive stablecoins, with support for multiple tokens and networks expected to launch next year.

In a statement, the company highlighted its latest bundled release, which includes 11 product updates and over 150 improvements.

These enhancements offer more flexible banking features, AI-powered navigation, and robust safety measures, alongside the new stablecoin functionality.

The company said, 

“For the first time, Cash App will soon provide access to stablecoins, allowing customers to send and receive digital dollars nearly anywhere in seconds.”

Why USDC and not USDT?
Confirming the integration, Solana posted on X that its network will power USDC payments on Cash App, further solidifying its growing presence in mainstream finance.

This development arrives at a time when USDC is steadily gaining momentum in the stablecoin landscape.

Recent data revealed that USDC briefly overtook Tether (USDT) in transaction volume during October, underscoring a growing shift toward more transparent and regulated digital dollar alternatives.

Thus, with these updates, Cash App is positioning itself at the forefront of the next phase of digital payments, one where users can effortlessly transact in both Bitcoin and stablecoins.

Customers will soon have the flexibility to pay with BTC at participating merchants. At the same time, Square vendors can choose how they receive payments, whether in USD or BTC, offering a seamless bridge between traditional and crypto economies.

Block, Inc. stock price and more
This coincided with Block, Inc. closing at $62.30, down 5.28%, at press time, according to Yahoo Finance.

Meanwhile, Bitcoin was trading at $95,428.20, reflecting a 7.55% decline over the past 24 hours, as per CoinMarketCap data.

Interestingly, this expansion coincides with Visa’s growing interest in stablecoins through its new Visa Direct pilot. The program allows businesses to send fiat-funded payouts directly to stablecoin wallets.

Together, these moves signal that major financial institutions are no longer merely experimenting—they are actively integrating blockchain and stablecoins into global commerce.

This marks a shift toward faster, more inclusive, and truly borderless payment systems.

Following the recent crypto market sell-off, Bitcoin slipped below $95K, its lowest in a month, sparking a wave of online rumors that Michael Saylor’s MicroStrategy sold over $1 billion in BTC to cut losses. But how accurate are those claims?

Here is an in-depth fact-check to clarify the situation.

Where Did This Claim Come From?The claim was first magnified by crypto influencers and on-chain trackers highlighting wallet activity attributed to “Strategy (Prev. MicroStrategy).” The attached chart shows over a dozen large Bitcoin transactions in recent hours, some worth tens or hundreds of millions of dollars. 

This data led to speculation that Strategy and Michael Saylor himself were selling off their Bitcoin position. But are these claims supported by facts?

So what’s really happening?

Coinpedia Review: What’s Actually True?1. Strategy Is Still Accumulating—Not Selling

According to verified financial media and Strategy’s own disclosures, there have been no reports, SEC filings, or company statements confirming any BTC sale in 2025. On the contrary, Strategy has recently continued buying Bitcoin, adding 487 BTC on November 10, and 397 BTC the week before. 

Their total holdings now approach 641,692 BTC worth over $65 billion as of mid-November 2025.​

2. Large Transfers Aren’t Proof of Sales

Bitcoin’s on-chain data shows wallet activity linked to Strategy, but these movements don’t confirm any selling. Arkham Intelligence platform noted that Strategy has been moving billions of dollars of BTC as part of what appears to be a change in custodians for some of their Bitcoin.

So far, no on-chain or exchange evidence shows that these transfers resulted in actual Bitcoin sales.

3. Saylor’s Public Stance Remains Bullish

No public filings, press releases, or major financial media outlets have reported a sale of Bitcoin by Strategy in 2025. On the contrary, filings show a pattern of consistent accumulation.

Michael Saylor continues to champion Bitcoin publicly, predicting dramatic long-term price increases and reiterating a “never sell” approach.​

Summary Table: Coinpedia’s Evidence Against the TheoryClaim Made by TheoryCoinpedia’s Counter-EvidenceStrategy has sold over $4B of its Bitcoin holdings❌ Arkham confirms transfers are custodian changes, not sales; Coinpedia finds continued accumulation.Michael Saylor is selling Bitcoin❌ No evidence, Saylor remains bullish, and the company shows no sales activityOn-chain large BTC transfers are confirmed sales❌ Transfers alone do not prove sales, may be for internal reasons.ConclusionClaimMichael Saylor’s Strategy Sold Over $1B of BitcoinVerdict❌ FalseFact-Check by CoinpediaAs per Coinpedia research and a review of official sources, there is no credible or verifiable evidence linking the Strategy to having sold any significant amount of Bitcoin in 2025.
The rumors are based mainly on misinterpretation of on-chain movements that lack confirmation of actual sales.Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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NFT sales volume has fallen by 5.41% to $79.31 million, down from last week’s $84.44 million.

Summary

NFT sales dropped 5.41% to $79.31M even as buyers jumped nearly 1,000% this week.
Algebra Positions NFT-V2 surged to $7.81M in sales while Pudgy Penguins plunged 37%.
Ethereum and BNB Chain led NFT blockchains as Bitcoin and Polygon volume declined.

According to CryptoSlam data, NFT buyers have surged by 989.62% to 222,294 and sellers have surged by 714.77% to 189,963. NFT transactions dropped by 20.92% to 1,097,565.

This NFT sales drop happened as the Bitcoin (BTC) price has tumbled to the $96,000 level as selling pressure continues to mount.

Ethereum (ETH) has lost the $3,200 level, extending its recent decline. The global crypto market cap has contracted to $3.26 trillion, down from last week’s $3.48 trillion.

Algebra Positions NFT-V2 surges as Pudgy Penguins tumble
Algebra Positions NFT-V2 on Ethereum has spiked into first place with $7.81 million in sales, posting a 807,352.81% surge. The collection processed 742 transactions with 199 buyers and 90 sellers.

DMarket on the Mythos blockchain slipped to second with $6.67 million, down 3.77% from last week’s $6.88 million. The collection recorded 241,552 transactions with 16,047 buyers and 13,590 sellers.

Pudgy Penguins dropped to third place with $2.79 million, plunging 36.87% from last week’s $4.38 million. The Ethereum collection saw 144 transactions with 96 buyers and 93 sellers.

Source: Top collections by NFT Sales Volume (CryptoSlam)
Guild of Guardians Heroes on Immutable-Zk held fourth position at $2.37 million, down 6.19% from last week’s $2.48 million. The collection had 2,186 transactions.

Courtyard on Polygon (POL) secured fifth place with $2.24 million, down 23.20% from last week’s $2.91 million. The collection processed 31,205 transactions.

Panini America on the Panini blockchain surged into sixth with $2.23 million, up 393.51%. The collection recorded 27,115 transactions.

CryptoPunks fell to seventh at $1.95 million, down 40.95% from last week’s $3.30 million. The collection had just 17 transactions with 12 buyers and 15 sellers.

Ethereum extends gains as BNB Chain surges
Ethereum maintained first position with $33.71 million in sales, up 4.68% from last week’s $32.97 million.

The network recorded $2.67 million in wash trading, bringing its total to $36.37 million. Buyers jumped 69.86% to 21,514.

BNB Chain (BNB) climbed to second place with $8.66 million, up 28.21% from last week’s $6.15 million. The blockchain recorded $174,526 in wash trading, bringing its total to $8.83 million. Buyers remained at 13,940 with 0.00% change.

Source: Blockchains by NFT Sales Volume (CryptoSlam)
Bitcoin dropped to third with $8.18 million, down 15.56% from last week’s $9.15 million. The network saw 6,486 buyers with 0.00% change.

Mythos Chain placed fourth at $6.84 million, down 3.49% from last week’s $7.10 million. The blockchain attracted 20,798 buyers.

Solana (SOL) secured fifth position with $5.50 million, up 12.27% from last week’s $5.12 million. The network recorded 15,651 buyers.

Immutable (IMX) landed in sixth at $4.19 million, down 2.98% from last week’s $4.26 million. The blockchain had 2,596 buyers.

Polygon placed seventh with $3.26 million, down 28.77% from last week’s $4.50 million. The blockchain recorded $6.63 million in wash trading, bringing its total to $9.89 million. Buyers stood at 35,085.

Top sales for the week
Autoglyphs #141 topped individual sales at $199,135.19 (56 WETH), sold three days ago.

Two V1 Cryptopunks Wrapped #7139 NFTs followed:

First sale at $196,267.55 (57 WETH) three days ago
Second sale at $194,923.31 (57.0299 WETH) two days ago

Two CryptoPunks rounded out the top five:

CryptoPunks #6207 sold for $152,619.45 (43.99 ETH) three days ago
CryptoPunks #4427 sold for $131,430.42 (36.9 ETH) four days ago

3 mins mins

Key Points:

Tether is expanding into the trade finance sector.Plans include utilizing $1.5 billion in credit lines.No primary data confirms $1.5 billion credit deployment.
Tether Holdings SA has embedded itself further in the trade finance sector, utilizing its vast reserves to support commodity trades with US dollars and USDT.

This initiative marks Tether’s shift towards integrating digital assets with traditional commodities, potentially altering trade finance dynamics and impacting the broader market engagement with stablecoins.

Tether’s $200 Billion Reserves to Fund Trade Finance Expansion
Tether Holdings SA announced an initiative to integrate its stablecoin with commodity trade finance. The company intends to leverage its reserve assets to provide loans for commodities, suggesting a shift from a stablecoin-only platform to one that encompasses broader financial operations.

This change suggests increased usage of USDT in traditional financial sectors, aiming for efficiency and speed compared to conventional financial mechanisms. The impact may propel USDT into new markets, providing alternative financing options for commodities like oil and wheat.

Paolo Ardoino, Tether’s CEO, highlighted the company’s commitment to revolutionizing trade finance. There are no publicly available reactions from major exchanges or governmental bodies, leaving the broader market implications still vague and open for monitoring.

Implications of Tether’s Move Into the $10 Trillion Sector
Did you know? Tether’s expansion into the $10 trillion trade finance sector highlights how digital assets can potentially transform traditional finance approaches.

Tether USDt (USDT) maintains a price of $1.00 with a market cap of [formatNumber(183876650089, 2)] and a daily trading volume of [formatNumber(174256433986, 2)], according to CoinMarketCap. Its price showed a slight dip by -0.08% over the last 24 hours as of November 15, 2025.

Tether USDt(USDT), daily chart, screenshot on CoinMarketCap at 03:07 UTC on November 15, 2025. Source: CoinMarketCap

Coincu’s analysis suggests this initiative could lead to increased regulatory scrutiny. As Tether enters traditional financial sectors, aligning digital assets with physical commodities, it may face challenges related to international trade laws and financial regulations.

“Tether Investments’ financing of this significant crude oil transaction underscores our commitment to reshaping the trade finance landscape. With USD₮, we’re bringing efficiency and speed to markets that have historically relied on slower, more costly payment structures. This transaction marks the beginning, as we look to support a broader range of commodities and industries, fostering greater inclusivity and innovation in global finance.” — Tether Official WebsiteTether’s Trade Finance completes Middle Eastern crude oil transaction funding

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

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Ethereum is once again in the spotlight as deep-pocketed market players ramp up accumulation during a period of conflicting signals between leveraged buying and institutional outflows. This unusual divergence has created a highly watchful environment among traders as ETH attempts to build short-term momentum from its recent price rebound.

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Bitcoin has fallen below the crucial $100,000 mark, now trading near $97,000 for the first time since May. The drop underscores the growing weakness in bullish momentum, as traders struggle to defend key support levels amid mounting macroeconomic uncertainty and fading risk appetite. Market sentiment has turned sharply fearful, with investors showing increased caution following a wave of liquidations and declining volume across major exchanges.

According to data shared by CryptoQuant analyst Axel Adler, Bitcoin’s performance has notably lagged behind traditional assets. Year-to-date, BTC is up just 5.5%, a gain that now risks evaporating entirely if current conditions persist. In stark contrast, gold surged 5.6% in just the last week, continuing its strong rally as investors seek safer havens amid global volatility.

While Bitcoin’s long-term structure remains intact, its short-term weakness reflects a tightening liquidity environment and growing skepticism about risk assets.

Bitcoin Faces Harsh Comparison As Traditional Markets Outperform
Axel Adler highlights how Bitcoin’s muted performance stands in sharp contrast to the impressive gains seen across traditional markets this year. His analysis paints a sobering picture of where capital has been flowing in 2025.

Gold leads the pack with a staggering 55% year-to-date (YTD) increase, driven by global uncertainty and strong institutional demand. Copper follows with +27%, benefiting from industrial expansion and supply constraints. Meanwhile, risk assets like the Nasdaq (+21%) and S&P 500 (+16%) have also delivered consistent returns, reflecting continued investor confidence in equities despite macroeconomic headwinds.

Cross-Asset Returns: 1W and YTD | Source: Axel Adler
Against this backdrop, Bitcoin’s modest 5.5% YTD gain appears increasingly underwhelming. Adler notes that professional fund managers are often measured against the S&P 500 benchmark, meaning any underperformance tends to attract swift scrutiny. “If a fund manager delivers less than the S&P 500, they usually don’t stay in the job for long,” Adler remarks — a pointed reminder of how traditional assets continue to set the standard for performance.

His final comment cuts to the heart of the matter: “You don’t need a Harvard degree to buy SPY.” The implication is clear — in a market where simplicity and stability outperform speculation, Bitcoin must prove its resilience or risk losing investor attention.

Bitcoin Slips Below $100K as Selling Pressure Builds
Bitcoin’s price has fallen sharply below the psychological $100,000 mark, currently hovering around $97,300 after losing more than 2% in the past 24 hours. The daily chart reveals a clear continuation of the recent downtrend, with BTC now trading well below its 50-day and 100-day moving averages, signaling sustained weakness in short-term momentum.

BTC setting fresh lows | Source: BTCUSDT chart on TradingView
The next significant support zone sits near $94,000, where Bitcoin previously consolidated in early summer. A decisive breakdown below this level could open the door to deeper retracements toward the 200-day moving average near $88,000–$90,000. On the flip side, reclaiming $100,000 as support will be crucial for any potential recovery, as that level now acts as a strong resistance barrier.

Volume data shows an uptick in sell-side activity, confirming growing pressure from profit-taking and possible liquidations. Despite the pullback, analysts suggest that the recent correction may serve as a market reset, allowing leverage to unwind and preparing for a healthier recovery phase.

Bitcoin remains in a volatile consolidation period, with macro uncertainty and exchange inflows weighing on sentiment. Bulls must defend current levels to prevent momentum from shifting decisively toward a deeper mid-cycle correction.

Featured image from ChatGPT, chart from TradingView.com

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

American Bitcoin reported a $3.5 million profit in the third quarter, turning around last year's losses as wider mining margins and lower operating costs helped the Trump-linked crypto company bounce back. The earnings report, released Friday night, showed that revenue for the September quarter jumped to $64.2 million, up sharply from $11.

XRP continues to attract attention across the cryptocurrency market, driven by changing macroeconomic conditions and shifting investor expectations. While price movements often appear sudden, analysts emphasize that broader financial trends—especially global liquidity cycles—play a far more influential role.