Market Signal Briefing

The CoinShares Altcoins ETF (DIME) has attracted $3.08 million in flows since its October launch, offering investors a regulated pathway to access alternative cryptocurrencies that now represent more than 40% of the digital asset market.

According to the fund’s prospectus, DIME provides equal-weighted exposure to 10 Layer 1 blockchain protocols. These include Solana, Avalanche, and Cardano through investments in exchange-traded products. The fund’s management fee of 0.95% is currently being waived for assets up to $1 billion through September 2026.

DIME has gained 5.5% over the past week, according to ETF Database data.

The fund invests in exchange-traded products that hold altcoins rather than directly purchasing the underlying digital assets, according to the prospectus. This structure allows the fund to offer diversified exposure while maintaining regulatory compliance.

Recent research from CoinShares emphasized that altcoins resemble early-stage technology start-ups more than traditional currencies. Most projects launch through initial offerings that raise funding similar to venture capital rounds.

Altcoin ETF Strategy
The fund tracks the CoinShares-Compass Crypto Altcoin Index. This index which rebalances quarterly and selects constituents based on liquidity, trading history, and custodial support, according to the prospectus. Current holdings include Polkadot, Near Protocol, Cosmos, Aptos, SUI, Toncoin, and SEI.

The research noted that altcoins appeal to investors seeking diversification beyond Bitcoin and Ethereum. This opens opportunities in decentralized finance, gaming, and cross-chain infrastructure that Bitcoin does not directly address.

Total value locked — the amount of capital users commit to a project — along with active wallet growth and developer activity serve as key evaluation metrics for altcoin projects, according to the research. These indicators help reveal whether a project is building real utility or is driven primarily by speculation.

The research noted that altcoins functionDJ/C more like venture investments. They carry high risk but offering potential for outsized returns compared to Bitcoin.

The website Blockspot.io lists more than 17,000 dead coins — failed cryptocurrency projects that lost value or were abandoned — as of September 2025, according to the CoinShares research. Altcoins included in investment products such as ETFs undergo regulatory review, which the research said can help investors avoid these failures and hedge against scams.

Despite the risks, the altcoin ecosystem now rivals Bitcoin in size. Thousands of projects compete across decentralized finance, gaming platforms, and infrastructure networks, with their combined market capitalization representing more than 40% of the total digital asset market as of September 2025, according to the research.

For more news, information, and analysis, visit the Coinshares Content Hub. 

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Transaction in Own Shares   

14 November, 2025

• • • • • • • • • • • • • • • •

Shell plc (the ‘Company’) announces that on 14 November, 2025 it purchased the following number of Shares for cancellation.

Aggregated information on Shares purchased according to trading venue:

Date of purchaseNumber of Shares purchasedHighest price paidLowest price paid Volume weighted average price paid per shareVenueCurrency14/11/2025728,46828.760028.305028.5323LSEGBP14/11/2025----Chi-X (CXE)
GBP14/11/2025----BATS (BXE)
GBP14/11/2025726,10632.570032.115032.3937XAMSEUR14/11/2025----CBOE DXEEUR14/11/2025----TQEXEUR These share purchases form part of the on- and off-market limbs of the Company's existing share buy-back programme previously announced on 30 October 2025.

In respect of this programme, Merrill Lynch International will make trading decisions in relation to the securities independently of the Company for a period from 30 October 2025 up to and including 30 January 2026.

The on-market limb will be effected within certain pre-set parameters and in accordance with the Company’s general authority to repurchase shares on-market. The off-market limb will be effected in accordance with the Company’s general authority to repurchase shares off-market pursuant to the off-market buyback contract approved by its shareholders and the pre-set parameters set out therein. The programme will be conducted in accordance with Chapter 9 of the UK Listing Rules and Article 5 of the Market Abuse Regulation 596/2014/EU dealing with buy-back programmes (“EU MAR”) and EU MAR as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time (“UK MAR”) and the Commission Delegated Regulation (EU) 2016/1052 (the “EU MAR Delegated Regulation”) and the EU MAR Delegated Regulation as “onshored” into UK law from the end of the Brexit transition period (at 11:00 pm on 31 December 2020) through the European Union (Withdrawal) Act 2018 (as amended by the European Union (Withdrawal Agreement) Act 2020), and as amended, supplemented, restated, novated, substituted or replaced by the Financial Services Act, 2021 and relevant statutory instruments (including, The Market Abuse (Amendment) (EU Exit) Regulations (SI 2019/310)), from time to time.

In accordance with EU MAR and UK MAR, a breakdown of the individual trades made by Merrill Lynch International on behalf of the Company as a part of the buy-back programme is detailed below.

Enquiries

Media: International +44 (0) 207 934 5550; U.S. and Canada: https://www.shell.us/about-us/news-and-insights/media/submit-an-inquiry.html

2025.11.14 Shell RNS (with fills)

NEW YORK, NY / ACCESS Newswire / November 14, 2025 / For centuries, gold has existed outside the world of modern infrastructure. Digital identity systems have evolved.

Investors interested in stocks from the Financial - Miscellaneous Services sector have probably already heard of Intercorp Financial Services Inc. (IFS - Free Report) and Blackstone Inc. (BX - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.

Right now, Intercorp Financial Services Inc. is sporting a Zacks Rank of #2 (Buy), while Blackstone Inc. has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that IFS has an improving earnings outlook. But this is only part of the picture for value investors.

Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.

The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.

IFS currently has a forward P/E ratio of 8.45, while BX has a forward P/E of 26.17. We also note that IFS has a PEG ratio of 0.35. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BX currently has a PEG ratio of 1.11.

Another notable valuation metric for IFS is its P/B ratio of 1.36. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, BX has a P/B of 5.17.

These are just a few of the metrics contributing to IFS's Value grade of A and BX's Value grade of D.

IFS sticks out from BX in both our Zacks Rank and Style Scores models, so value investors will likely feel that IFS is the better option right now.

Investors interested in Internet - Software stocks are likely familiar with StoneCo Ltd. (STNE - Free Report) and Informatica Inc. (INFA - Free Report) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.

The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.

StoneCo Ltd. and Informatica Inc. are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that STNE is likely seeing its earnings outlook improve to a greater extent. However, value investors will care about much more than just this.

Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.

Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.

STNE currently has a forward P/E ratio of 9.94, while INFA has a forward P/E of 21.69. We also note that STNE has a PEG ratio of 0.33. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. INFA currently has a PEG ratio of 2.93.

Another notable valuation metric for STNE is its P/B ratio of 2.23. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, INFA has a P/B of 3.12.

These metrics, and several others, help STNE earn a Value grade of B, while INFA has been given a Value grade of D.

STNE sticks out from INFA in both our Zacks Rank and Style Scores models, so value investors will likely feel that STNE is the better option right now.

Key Takeaways AVGO and VRT both reflect AI stocks that pay dividends. While yields are low, the obtained AI exposure helps bridge the gap. Both companies are seeing their sales surge thanks to strong demand.
Dividends come with many great perks, with the payouts essentially reflecting a form of ‘payday’ in the market. Technology sector stocks are often overlooked by income-focused investors, as these companies commonly use spare cash to fuel further growth.

But perhaps to the surprise of some, several stocks involved closely in the AI trade – Broadcom (AVGO - Free Report) and Vertiv (VRT - Free Report)   – shell out dividend payments. For those interested in getting paid with some AI exposure, let’s take a closer look at each.

Broadcom Posts Record RevenueBroadcom, currently a Zacks Rank #2 (Buy), has quickly entered the AI race, evolving a broad portfolio of technologies to extend its leadership in enabling next-generation AI infrastructure. Shares currently yield 0.8% annually, with the company sporting a shareholder-friendly 13.3% five-year annualized dividend growth rate.

The stock has long been a favorite among those seeking tech exposure paired with paydays, with the company’s strong cash-generating abilities allowing it to consistently reward shareholders in a big way over its history. Below is a chart illustrating its dividends/share paid on an annual basis.

Please note that the final value in the chart is calculated on a trailing twelve-month basis.

Image Source: Zacks Investment Research

Free cash flow of $6.4 billion throughout the latest period showed 44% YoY growth and reflected a quarterly record. Below is a chart illustrating AVGO’s free cash flow on a quarterly basis.

Image Source: Zacks Investment Research

In addition, AI revenue of $4.4 billion during its latest period showed significant momentum, rising 46% year-over-year. It’s more than reasonable to expect strong momentum again within its AI offerings for its Q3 release expected in early September, with AVGO guiding for $5.1 billion in AI sales for the period.

Analysts have shown bullishness for the upcoming release, with forecasted sales of $15.8 billion reflecting 34% YoY growth from the same period last year.

Image Source: Zacks Investment Research

Vertiv Benefits from Data Center Buildout Vertiv, a current Zacks Rank #2 (Buy), provides services for data centers, communication networks, and commercial and industrial facilities with a portfolio of power, cooling, and IT infrastructure solutions and services.

Analysts have dialed their current fiscal year EPS expectations higher over the past year thanks to bullish results stemming from strong demand, with the current $3.82 Zacks Consensus EPS estimate suggesting 35% YoY growth and up 15% over the past year.

Image Source: Zacks Investment Research

While shares currently yield a modest 0.1% annually, the stock still reflects a strong play for those seeking a combination of growth and yield. Below is a chart illustrating the company’s sales on a quarterly basis.

Image Source: Zacks Investment Research

Bottom Line

Dividends offer significant benefits for investors, providing a passive income stream and the opportunity to maximize returns through dividend reinvestment.

Although both dividend-paying tech stocks above – Broadcom (AVGO - Free Report) and Vertiv (VRT - Free Report) – aren’t high-yield, the bullish outlook for these companies’ AI offerings can’t be overlooked by income-focused investors seeking the join the frenzy.

Looking for a place to start? Check out Best AI Stocks to Buy for our picks and in-depth industry guide.

In brief
BlackRock’s BUIDL fund will be accepted as collateral on Binance.
The product’s access is also expanding to BNB Chain.
BUIDL is now available on eight blockchains.
BlackRock’s $2.5 billion USD Institutional Digital Liquidity Fund (BUIDL) is expanding to Binance and BNB Chain, Securitize said in a press release published on Thursday.

The Miami-based Securitize, which is planning a public offering, said that BUIDL will be accepted as collateral for trades at the world’s leading cryptocurrency exchange, describing the asset backed by U.S. Treasuries as a tool for institutional traders.

BlackRock’s BUIDL fund debuted last March, and the tokenized money market fund has expanded to eight blockchains since, now including the Binance-backed network that dates back to 2019.

“We’re continuing to bring regulated real-world assets on-chain while unlocking new forms of utility that were previously out of reach,” co-founder and CEO Carlos Domingo said in a statement.

BlackRock’s BUIDL fund, which has around 93 holders, offers a yield. Over the past week, that has averaged 3.7% on an annualized basis, according to crypto data provider RWA.XYZ.

Binance’s institutional clients have been asking the exchange for more interest-bearing assets that maintain a stable price, Catherine Chen, head of VIP and institutional at Binance, said in a statement.

Chen added that BUIDL was integrated into Ceffu, a Binance-owned custody service, which drew U.S. Securities and Exchange Commission scrutiny in 2023 over its ability to potentially control assets that belonged to Binance’s U.S. affiliate.

Binance co-founder Changpeng Zhao, who pleaded guilty to violating U.S. laws against money laundering in 202, was pardoned by President Trump in October. The move has drawn pushback among crypto U.S. Democratic lawmakers. Still, BlackRock’s BUIDL fund represents the latest sign of how Wall Street firms are embracing the exchange’s services and products.

This year, retail brokerage Robinhood, as well as crypto exchanges Coinbase and Kraken, have listed BNB, the fifth-largest cryptocurrency by market cap, according to crypto data provider CoinGecko.

The coin changed hands around $924 on Friday, representing a 3.4% fall over the past day. The asset hit an all-time high of $1,370 last month, while rising 48% over the past year, but has fallen in recent weeks alongside Bitcoin and most of the market.

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

TL;DR

Uniswap unveils the Continuous Clearing Auction (CCA) model to democratize token launches.
The system runs auctions block-by-block and automatically assigns liquidity at the final clearing price.
Aztec collaborates as the first project to use this technology, integrating privacy with ZK Passport.

Uniswap seeks to redefine how initial token markets form on the blockchain. This Thursday, the decentralized exchange giant unveiled its “Continuous Clearing Auctions” model, a permissionless system designed to run customizable auctions on Uniswap v4.

The official announcement indicates that with this new protocol, they seek to inject transparency, fairness, and stability into the earliest and most critical stages of a digital asset’s life. The main objective is to solve a token launch landscape that Uniswap itself describes as fragmented and opaque, where price discovery is often flawed by closed-door deals, access restrictions, and poor initial liquidity.

The exchange is targeting pricing and bidding; furthermore, they aim for settlement to occur entirely on-chain, eliminating intermediaries and hidden negotiations.

Innovation in Liquidity and Market Fairness
The process for auctions on Uniswap v4 is technically sophisticated. The block-level design distributes tokens gradually, so bidders can set maximum prices but receive allocations only when the market clears below their limit. This structure is vital to minimize sniping (attacks by bots buying fast to sell high) and encourages more organic early participation, helping the clearing price converge toward a fair value.

Projects deciding to launch via this system can configure key parameters such as token amount, starting price, and duration. Once the auction concludes, all proceeds are automatically used to seed a liquidity pool on Uniswap v4 at the final price, creating an immediate and liquid secondary market.

Aztec collaborated on building this technology and will be the first project to execute an auction using the system. Additionally, the launch includes an optional module called ZK Passport, which allows for private yet verifiable participation, combining confidentiality with blockchain transparency.

Uniswap Labs and the Uniswap Foundation have proposed activating a “fee switch,” while DeFi protocols are experiencing a rebound in economic activity, leading the sector’s fee recovery toward $600 million. With the new auctions on Uniswap v4, the platform seeks not only to scale but to sustain long-term liquidity in its upcoming version.

BlackRock is launching an extension of its tokenized treasury fund on BNB Chain as Binance begins to accept BUIDL as off-chain collateral.

Journalist

Posted: November 14, 2025

Key Takeaways
What sparked the Strategy sell-off panic?
Blockchain trackers flagged transfers of up to 58,000 BTC from Strategy-linked wallets on Friday, triggering viral rumors of the company’s “first sale in two years”.

Is Strategy actually selling Bitcoin?
No. The company confirmed that the transfers were routine movements between custody providers, such as Fidelity and Coinbase, for operational efficiency.

Strategy crushed viral sell-off rumors on Friday after massive Bitcoin wallet movements triggered panic across crypto markets and fueled a broader sell-off that pushed BTC below $100,000.

CEO Michael Saylor went straight to CNBC and X to set the record straight: “We are not selling. We are accelerating purchases.”

Source: TradingView

The FUD that rocked Bitcoin markets
The chaos erupted early Friday when ‘on-chain analysts’ spotted transfers of up to 58,000 BTC from wallets linked to Strategy, the corporate Bitcoin giant formerly known as MicroStrategy. 

Social media exploded with claims of “Saylor cracks under pressure” and “first sell in two years.”

The timing looked terrible. Bitcoin had just shed over $1 trillion in market value this week, testing the psychologically critical $100,000 level. Traders assumed Strategy was cutting losses.

What actually happened
Strategy wasn’t selling; it was reorganizing. The company confirmed the transfers shuffled Bitcoin between custody providers for operational efficiency.

According to Arkham data, Strategy moved over 43,000 BTC worth $4.26 billion to over 100 different addresses. However, this does not mean they were sold.

Holdings remain unchanged at 438,000 BTC, valued at roughly $42.2 billion, according to data from Arkham.

More importantly, Strategy keeps buying. Last week, the company purchased 487 BTC for $49.9 million. The week before, it added 397 BTC for $45.6 million.

The accumulation machine
Strategy funds purchases through convertible debt, preferred shares, and equity raises, never by dipping into its cash reserves. Annual financing costs run near $689 million, covered by fresh capital.

Analysts note Bitcoin would need to crash below $15,000, an 85% drop, before Strategy faces liquidation pressure.

Familiar pattern
Early November saw similar panic over claims of a “$5 billion dump to Binance” that turned out to be wallet consolidation. BlackRock’s ETF faced identical rumors last week.

Strategy stock [MSTR] dipped 6% to $195 on Friday, but its premium to Bitcoin holdings compressed to just 1.2x—markets see through the noise.

As Bitcoin hovers near $98,000, Saylor and Strategy appear not to be selling, but stacking.

Altcoin season has favored Starknet, Zcash, and Dash, where onchain activity, privacy and payment use cases, and consistent liquidity have supported measured gains. Selective rotation has continued as traders track whether volume and open interest can sustain this phase through November.

Fri, 14/11/2025 - 16:01

The Bitwise XRP ETF may be the next XRP ETF to launch, and it might launch sooner than the expected November 19 date as the SEC fast-tracks the process upon resumption.

Cover image via U.Today

Following the successful launch of the Canary XRP ETF, which has made the strongest ETF debut with the highest first-day trading volume, the XRP community is now looking up to the next as the SEC releases a new update.

On Friday, Eric Balchunas, a Senior ETF Analyst, shared updates on new guidance released by the SEC’s Division of Corporation Finance to quietly speed up the filings for unsettled crypto ETF issuers.

While the SEC had only opened recently after the prolonged government shutdown, the move comes as part of the SEC’s efforts to effectively deal with the “900-plus registration statements” that piled up during the government shutdown.

HOT Stories

All eyes on Bitwise XRP ETFIIt is important to note that issuers of potential crypto ETFs had continued to submit their filings even during the government shutdown that kept the SEC’s office closed.

As such, this has created a massive backlog for the SEC upon its resumption; hence, it is now looking to make the job easy by allowing issuers who had already submitted their paperwork correctly to request a much faster review.

Thus, Eric emphasized that the development will favor crypto ETFs that did not file the 8-A form earlier, as they can now accelerate the effectiveness of their applications, bypassing the usual 20–40 day wait period.

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Following this news, Eric has made a strong guess that Bitwise’s XRP ETF is likely next up, as its filings align suitably with the new SEC approach.

While this suggests that XRP investors might see the next ETF launch much faster than initially projected, the XRP community is optimistic that the launch of the Bitwise XRP ETF will come earlier than the expected November 19.

Notably, the move has further raised optimism about XRP’s performance for November, as recent events have projected November to be a big month for XRP.

Although XRP has consistently traded sideways since the beginning of the month, investors have remained resilient about its long-term price outlook.

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TL;DR

Tether invests $1.5 billion to finance oil and agricultural commodities.
The firm competes with major banks by lending USDT and cash.
Tether fills a lending gap left by traditional risk-averse financial institutions.

Tether is targeting growth in commodities finance. The firm has invested around $1.5 billion to support traders handling oil, cotton, wheat, and other agricultural goods.

The initiative aims to increase lending in both traditional dollars and USDT, the stablecoin pegged to the U.S. dollar. CEO Paolo Ardoino stated that the company plans to expand operations dramatically, using its nearly $200 billion in reserves to compete with the large banks that have traditionally dominated this market.

Ardoino noted that using USDT helps facilitate lending in regions such as Latin America, where much of the world’s commodities are produced. Loans are essential in commodities trading, as banks usually fund the purchase and transport of food, metals, oil, and gas worth trillions of dollars globally.

Trade Finance: A Separate Unit for Commodities
Commodities lending operates through Tether’s Trade Finance division, launched last year. This operation runs independently from the reserves that back its stablecoins. Since October, Tether has held discussions with companies in the sector about lending opportunities.

Tether is entering a market where traditional banks have reduced their participation after fraud cases and company failures. Major trading houses like Trafigura and Cargill still secure credit easily, but smaller firms struggle to access funds, limiting their business.

This gap has created space for private lenders willing to take risks in areas where banks avoid operating. These lenders typically charge interest rates above 10%, offsetting the additional risk.

For Tether and other private lenders, commodities loans provide fast and steady interest flows, as a typical international shipment of wheat or oil takes less than a month from start to finish.

Stablecoin Drives Diversification
Tether’s expansion into lending, artificial intelligence, and sports coincides with growing global adoption of stablecoins. Recent U.S. legislation covering stablecoins has also accelerated adoption.

Through this approach, Tether aims to strengthen its role not only as a stablecoin issuer but as a key player in commodities financing, leveraging liquidity, digital market experience, and growing trust in USDT to provide fast and efficient solutions.

Michael Saylor reignited market attention Friday after posting "We are buying" on X and reaffirming that Strategy Inc. (NASDAQ:MSTR) remains secure even if Bitcoin (CRYPTO: BTC) drops as much as 80%.

Saylor Says Volatility Is Part Of Bitcoin InvestingSaylor said Bitcoin's multi-year performance continues to exceed major asset classes, noting that the token has averaged roughly 50% annual gains across the past five years. 

He pointed out that Bitcoin moved from about $55,000 to $94,000 over a 14-month span, calling the return stronger than what most investors expect.

He added that Bitcoin investors must be prepared for sharp price swings and maintain a time horizon of at least four years. 

According to him, the market recently cleared excess leverage as long-term holders sold near the $100,000 level, creating what he described as a "strong base of support."

Saylor maintained that Bitcoin will continue to outperform gold and the S&P 500 (NYSE:SPY), calling it "digital capital."

MSTR Balance Sheet ‘Fine' Even If Bitcoin Drops 80%Saylor further said Strategy Inc. remains lightly levered with debt maturing four and a half years from now. 

He noted that the company is "not even 1.15 times leveraged," adding that its collateral position remains intact under extreme downside scenarios.

"If Bitcoin were to fall 80%, we're still overcollateralized, and we're fine," he said. 

Saylor explained that Strategy uses preferred equity to amplify returns for common shareholders while avoiding traditional credit default risk.

He emphasized that preferred equity dividends are discretionary and board-declared, calling the structure similar to an "intelligent bank" that uses equity to support long-duration capital.

Comments On Stablecoins And Digital Finance GrowthSaylor also addressed remarks from Ark Invest CEO Cathie Wood, who recently suggested stablecoin growth may reduce Bitcoin's transactional use case. 

Saylor disagreed, saying the broader digital asset economy is expanding across two parallel paths.

He framed Bitcoin as "digital gold" anchoring digital capital, while stablecoins and tokenized assets form the foundation of digital finance on proof-of-stake networks such as Ethereum (CRYPTO: ETH) and Solana (CRYPTO: SOL). 

Stablecoins, he said, are likely to grow from hundreds of billions to trillions of dollars, but the expansion does not compete with Bitcoin's role as a capital asset.

Saylor Confirms Strategy Inc. Is Accelerating Bitcoin PurchasesWhen asked whether Strategy is still accumulating Bitcoin, Saylor said the company is "always buying." 

He added that the firm recently accelerated its purchases and plans to disclose new totals on Monday.

He said Strategy now owns nearly 3.1% of the Bitcoin network with an average purchase price near $74,000 per coin.

Saylor outlined his guidance for different investor time frames. 

Long-term buyers should focus on Bitcoin itself, while equity investors seeking leverage on digital capital may prefer Strategy's stock. 

Short-term investors, he said, should consider digital credit instruments tied to lower-volatility yield products.

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Momentum is quietly building around the next wave of US crypto ETFs, and analysts say Bitwise's XRP fund may now be the one closest to the finish line. A fresh batch of SEC guidance got released this week, and it appears to give issuers a faster path to effectiveness.

XRP (CRYPTO: XRP) and Cardano (CRYPTO: ADA) are down over 5% over the past 24 hours as sellers dragged the two large-cap altcoins back toward the critical support zones that have held the market together since early fall.

XRP Weakens As Sellers Push Price Toward Trendline Support

XRP Price Action (Source: TradingView)

XRP trades near $2.25 after persistent selling pressure weighed on the month-long triangle structure.

The token remains below the 20-day EMA at $2.39 and cannot reclaim the 50-day EMA at $2.53.

Each rebound fades quickly, and repeated failures at the descending trendline confirm that momentum stays controlled by sellers.

The market is now pressing one of the most important long-term support levels in the pattern, formed by a rising trendline from the March base.

Outflows Deepen As XRP Loses Grip On Key EMA Cluster

XRP Netflows (Source: Coinglass)

Spot netflows registered a $17.35 million outflow on Nov. 14, marking another session dominated by selling.

Red prints have been consistent for months, showing limited accumulation and minimal whale interest.

The supertrend stays red, and XRP trades under every major EMA between $2.53 and $2.69.

This cluster has become a ceiling, and the path lower remains open until price reclaims it.

A break below the rising trendline could expose $2.03 as the next target.

A deeper slide toward the $1.75–$1.60 region may follow if sellers accelerate pressure.

ADA Extends Weekly Decline As Breakdown Gains Momentum

Cardano Price Dynamics (Source: TradingView)

ADA trades near $0.50 after losing the $0.53–$0.55 support shelf earlier this week.

The token is down about 15% over the past seven days, reflecting one of the steepest weekly drops among large-cap assets.

The market has respected a dominant descending trendline since late summer, and each rally into the EMA cluster has been rejected.

The breakdown through support pushed ADA directly into a lower liquidity region, leaving it just above a broad demand zone between $0.42 and $0.36.

ADA price trades well below the 20-day EMA at $0.58 and the 50-day EMA at $0.65.

The parabolic SAR also continues printing above price, indicating persistent downside pressure.

A clean break could send price into the $0.44–$0.41 pocket quickly.

A deeper test near $0.38–$0.36 becomes likely if sell volume expands.

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Earlier Friday, Arkham data showed Saylor's Strategy reduced its bitcoin holdings from 484,000 BTC to about 437,000 BTC.

ETH plunged below $3,100 on Friday as the crypto selloff accelerated with bitcoin losing the $100,000 level. Nov 14, 2025, 2:59 p.m.

Ethereum's ether ETH$3,206.97 fell sharply from Thursday to Friday, plunging over 10% from peak to trough a broad-market crypto selloff accelerated with bitcoin breaking below the $100,000 level.

The second largest cryptocurrency tumbled from $3,565 earlier on Thursday to $3,060 by early Friday, erasing all of past week's rebound. It recently stabilized just below $3,200, still down roughly 8% over the past 24 hours.

STORY CONTINUES BELOW

The move coincided with broad-market selloff on U.S. markets with stocks and bonds falling in tandem with cryptos. The U.S. government shutdown, which has just ended, weighed on liquidity conditions. Also adding to the pressure is the increasing probability of the Federal Reserve leaving rates unchanged during the December meeting.

Since the Federal Reserve’s late October meeting, when chairman Jerome Powell threw cold water on near-universally expected December rate cuts, U.S.-listed spot ether ETFs have seen $1.4 billion in net outflows, Farside Investors data shows. Thursday's nearly $260 million outflow was the biggest single-day bleed in a month.

On top of that, long-term holders are also heading towards the exit door. Glassnode's blockchain data showed that long-term holders spanning 3-10 years accelerated selling to approximately 45,000 ETH (around $140 million at current prices) daily on a 90-day moving average, the highest distribution pace since February 2021.

Ether long-term holder selling accelerated. (Glassnode)

Blockchain data also suggest deteriorating fundamentals. Monthly active addresses on the network have fallen to 8.2 million, down from over 9 million in September, while transaction fees over the past month collapsed by 42% to just $27 million, Token Terminal data shows.

Key technical levels to watchETH shattered a critical support level at $3,325, establishing a clear bearish trend with consecutive lower highs, CoinDesk Research's technical analysis model suggested.

Support/Resistance: Primary support sits at $3,080 with secondary floors at $3,050 and $2,880. Key resistance forms at $3,330 (former support), $3,500 (main pivot), and $3,650 (descending channel highs).Volume Analysis: Selling peaked at 641,103 during the $3,325 breakdown—71% above 24-hour norms. Subsequent volume dropped to 80% of 7-day averages, indicating potential exhaustion.Chart Patterns: ETH broke its April ascending channel, creating a bearish structure with lower highs. The $3,077-$3,146 consolidation range suggests possible base formation.Targets & Risk/Reward: Breaking $3,050 support exposes $2,880 downside, while reclaiming $3,563 is needed for bullish momentum. A decisive push above $3,500 targets $3,650-$3,800.Disclaimer: Parts of this article were generated with the assistance of AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

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Dogecoin and Shiba Inu have not seen the best performances over the last few years, but this has not deterred other meme coins from going on major rallies. The likes of PEPE and BONK have emerged with great potential, building strong communities and contending with the likes of Dogecoin and Shiba Inu for the top spot. This report takes a look at these meme coins with potential as the market starts to pick up once again.

USELESS Joins The Ranks Of The Greats
Useless Coin (USELESS) is one of the Solana meme coins that emerged in 2025, running on the premise of “nothing.” The coin is a satirical token that essentially makes fun of other utility-based cryptocurrencies that have been at the forefront of the market. Its entire brand is focused on the fact that the coin is completely “useless,” meaning it has no utility, and is a purely hype-driven cryptocurrency.

USELESS offers investors no form of use case, unlike many others, and the only avenue for revenue generation is the fees generated from liquidity provision. The coin, which was launched on the LetsBonk.Fun has become the most successful launch from the launchpad since its inception back in early 2025, and boasts one of the best communities so far. It has also been one of the best performers with each market recovery, rising double-digits on days where the crypto market moves back into the green.

FARTCOIN Is The AI Play Of Meme Coins
Unlike USELESS, FARTCOIN’s value proposition lies in the fact that it is an Artificial Intelligence (AI) play, running to over $2 billion market cap off of this. The meme coin has garnered over 160,000 holders already and is climbing.

FARTCOIN is not yet in the top 10 meme coins by market cap, which makes it a good choice for investment over larger counterparts such as Dogecoin and Shiba Inu. At less than $300 million market and over $100 average daily trading volume, there is still a value proposition here for the cryptocurrency.

FLOKI Gets Boosted With Elon Musk’s Support Of Dogecoin
Among meme coins with good value propositions, FLOKI ranks high due to its proximity to billionaire Elon Musk. The coin was formed when Musk first posted his Shiba Inu dog named Floki, and each time Musk tweeted about his dog, the FLOKI price tends to soar.

The most recent example of this is when Musk posted Floki on his X page and the FLOKI price rose by more than 20%, making it the highest gainer among meme coins for that week. Given the billionaire’s propensity to talk about his dog, it could only be a matter of time until another X post sends the FLOKI price surging again.

USELESS succumbs to market pressure | Source: USELESSUSDT on Tradingview.com
Featured image from Dall.E, chart from Tradingview.com

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Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

Earlier in the year, Europe’s Central Bank (ECB) President Christine Lagarde insisted that Bitcoin would not be included in the reserve portfolios of central banks under the ECB’s umbrella; the statement was intended to draw a firm boundary around sovereign engagement with digital assets.

For more than two decades, reserve cohesion has served as a marker of European stability, with eurozone institutions typically presenting a united front on monetary doctrine questions.

Yet within the same year, the Czech National Bank introduced an unexpected complication, not through debate or public dissent, but through a modest transaction that quietly expanded the technical perimeter of European reserve management.

On Nov. 13, the CNB confirmed that it had acquired roughly $1 million in Bitcoin, USD-backed stablecoins, and a tokenized deposit, placing the assets in a dedicated “test portfolio” designed to evaluate custody, valuation, compliance, and settlement procedures.

The bank’s leadership emphasized that the purchase would not be incorporated into official reserves and was not intended to signal any policy shift.

However, the act of conducting the experiment and doing so with live assets rather than laboratory models marks the first time an EU-member central bank has created and disclosed an operational framework capable of supporting Bitcoin at a sovereign scale.

That alone is enough to alter how markets interpret Bitcoin’s long-term role in the global financial system.

A test portfolio that expands the boundaries of what Bitcoin representsThe importance of the Czech pilot lies less in its size than in the infrastructure it puts into motion. Central banks regularly conduct internal analysis on new asset classes, but they rarely build a complete operational workflow unless they believe that such capabilities may eventually be required.

In this case, the CNB is examining the full suite of procedures necessary for managing digital instruments under reserve-grade scrutiny: secure key management, multi-layer approval chains, AML verification standards, crisis-response simulations, mark-to-market reconciliation, and integration with established reporting frameworks.

These processes are difficult to design and expensive to maintain, which is precisely why institutions do not establish them unless they anticipate that the underlying asset may become relevant in scenarios where preparation matters more than public signaling.

Once a central bank possesses the architecture to store and manage Bitcoin, the distinction between “test asset” and “reserve asset” becomes a matter of policy choice rather than operational feasibility.

For markets, this changes Bitcoin’s position in the sovereign selectorate. The asset shifts from being a conceptual outlier to a technically viable option whose adoption probability, however small today, is no longer zero.

Pricing models for long-duration assets respond to possibility as much as reality, and Bitcoin is particularly sensitive to changes in perceived legitimacy because a significant portion of its valuation has always reflected expectations about its future monetary relevance rather than current institutional participation.

How Prague’s move reshapes the market narrative around BitcoinThe Czech experiment arrives at a moment when Bitcoin’s macro profile is already evolving, driven by ETF inflows, expanding liquidity, and a growing body of historical data about its correlation behavior under different rate environments.

What the CNB adds to that landscape is an entirely different form of signal: a sovereign institution treating Bitcoin as an instrument demanding operational mastery, even without committing to eventual adoption.

This reframing matters because central banks influence markets not only through their purchases but through the categories they create.

Therefore, when Bitcoin enters the realm of assets that a central bank must understand, it establishes a structural foothold in the global financial architecture.

For traders, the significance lies not in the Czech Republic suddenly accumulating a meaningful position, but in Bitcoin having crossed into the class of instruments that sovereign institutions are preparing to interact with if conditions change.

That preparation introduces what some macro analysts describe as a “sovereign option premium”: a valuation component reflecting the non-zero probability that future reserve diversification, stress-hedging, or geopolitical responses could involve digital assets.

Even if no central bank adopts Bitcoin in the near term, the act of operational testing reduces the asset’s existential risk profile and the fear that governments would remain universally hostile or permanently structurally excluded from interacting with it. In asset-pricing models, lower existential risk translates into higher long-term fair value.

This mechanism explains why a small, symbolic purchase can reshape Bitcoin’s strategic narrative without directly affecting its liquidity. Sovereign institutions rarely begin with large allocations; instead, they start with the infrastructure that enables them to act without improvisation.

Thus, the Czech step signals that Bitcoin has entered this preparatory phase, and markets tend to anticipate the implications of such transitions long before they occur.

Longer-term impact on BTCThe Czech Republic occupies a unique institutional position. It is bound by EU regulation, including MiCA, but operates outside the eurozone and thus retains full autonomy over its reserve composition.

Historically, non-Euro EU members have informally aligned with ECB reserve norms in the interest of maintaining credibility and cohesion; however, the absence of formal enforcement mechanisms has meant that such alignment has always been voluntary.

The CNB’s experiment does not constitute a break with the ECB. Yet, it demonstrates the limits of centralized guidance in an era when inflation cycles, debt dynamics, and technological change encourage reserve managers to pursue a broader palette of options.

For Bitcoin, this creates an important precedent. Europe is the world’s second-largest reserve bloc, and even minor shifts in its analytical posture can influence global perceptions of what constitutes a legitimate sovereign asset.

Suppose other non-Euro EU central banks or mid-sized institutions outside Europe, facing similar diversification pressures, replicate the Czech approach. In that case, Bitcoin’s sovereign thesis will mature more quickly than policy statements alone would suggest.

Central banks do not need to adopt Bitcoin for the asset to benefit from the operational normalization underway. They need only acknowledge that the capacity to manage it is part of their institutional toolkit.

The CNB has not signaled any intention to add Bitcoin to official reserves, and its leadership remains aligned with Europe’s cautious stance on digital assets. Even so, the act of building the infrastructure subtly changes the baseline from which future decisions will be made.

In that sense, the impact on Bitcoin is less about immediate demand and more about the narrative foundation it gains from being treated as a reserve-relevant instrument. Markets understand this dynamic well: institutional readiness is often the earliest indicator of eventual adoption, even if actual positions come years later.

Bitcoin’s long-term valuation models now incorporate the reality that at least one European central bank has decided the asset deserves operational competence rather than rhetorical dismissal.

16h05 ▪
4
min read ▪ by
Ifeoluwa O.

Summarize this article with:

A new sheriff in town made its presence felt as Canary Capital’s spot XRP ETF, trading under the ticker XRPC, opened with exceptionally strong first-day activity. Its debut outpaced every other ETF launch this year, reflecting remarkably high investor interest—a notable feat given the ongoing weakness in the broader crypto market.

In Brief

XRPC opened with $58.5 million in first-day trading volume, marking the strongest ETF debut of the year.
The fund recorded net inflows of $245 million on its first day, showing high investor demand.
Canary Funds CEO Steven McClurg explained the difference between trading volume and net inflows, noting some investors transferred XRP directly from personal wallet into the ETF.

XRPC Records Strongest ETF Debut of the Year
After Canary Capital filed its Form 8-A with the SEC earlier this week, XRPC began trading yesterday and immediately attracted significant attention. The fund closed its debut session with more than $58.5 million in trading volume and net inflows of $245 million.

Bloomberg Senior ETF Analyst Eric Balchunas commented on X that XRPC posted the highest opening-day volume among the 900 ETFs introduced this year. He noted that it edged out the Bitwise Solana Staking ETF (BSOL), which had $57 million in trading volume during its debut late last month. According to Balchunas, both funds stand apart from the rest of this year’s launches, with the next closest newcomer falling more than $20 million behind.

The strong response was evident almost immediately. Within the first half hour, the fund reached $26 million in volume, surpassing the roughly $17 million Balchunas had expected going into the session.

Strong Debut Amid Market Weakness
Some market watchers questioned how the ETF could generate only about $59 million in trading activity while reporting nearly $250 million in inflows. Canary Funds CEO Steven McClurg told Crypto Prime that the gap stems from in-kind creations, which are not reflected in daily trading volume. He explained that many investors transferred XRP directly from personal wallets into the ETF, and because these moves occur off-market, they do not contribute to the recorded volume.

This strong initial response also reflects growing interest in crypto investment products beyond Bitcoin and Ether. Looking more closely at XRP, Min Jung, a senior analyst at quantitative trading firm Presto, notes that the token benefits from a dedicated retail following and broad recognition among everyday investors. This combination drives heightened participation whenever new XRP products launch, contributing to the rapid inflows observed on the fund’s first day.

Despite the strong turnout, the Canary XRP ETF ended its first session at $24.55, down 7.80% for the day. The decline was similar for the XRP token itself, which dropped more than 6% over the past 24 hours. This occurred amid Thursday’s wider cryptocurrency market decline, following Bitcoin’s fall to $97,000, down over 5%. Overall, the global cryptocurrency market cap decreased by more than 6% during the same period.

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Ifeoluwa O.

Ifeoluwa specializes in Web3 writing and marketing, with over 5 years of experience creating insightful and strategic content. Beyond this, he trades crypto and is skilled at conducting technical, fundamental, and on-chain analyses.

DISCLAIMER

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

TL;DR:

Bitcoin enters a short-term bear phase with increased selling pressure.
Momentum indicators and declining volumes suggest caution for traders.
Support near $33,000 is critical; institutional interest continues.

Bitcoin has entered a short-term bear phase, according to recent analysis by Matrixport. The firm highlights that key market indicators, including momentum and trading volumes, suggest increased selling pressure in the near term. Traders are advised to exercise caution as the cryptocurrency faces resistance levels around $35,000, with short-term volatility expected to continue.

📃#MatrixOnTarget Report – November 14, 2025 ⬇️

Signals to Watch in Bitcoin’s Mini-Bear Market#Matrixport #Bitcoin #CryptoMarkets #MarketCycle#OnchainData #BTCFlows #RiskManagement #MatrixOnTarget pic.twitter.com/6yHv8t6vsI

— Matrixport Official (@Matrixport_EN) November 14, 2025

Matrixport Highlights Key Indicators and Trader Sentiment
Momentum indicators show weakening bullish trends, signaling that Bitcoin could face downward corrections before a potential rebound. Matrixport notes that while longer-term fundamentals remain intact, short-term technicals favor cautious positioning. Traders holding leveraged positions are particularly exposed, as minor market shocks could trigger rapid price declines.

Trading volumes have also declined slightly, reinforcing signs of market hesitation. Matrixport emphasizes that this is typical during mini bear phases, as investors reassess risk and liquidity conditions. Despite this, institutional interest has not waned completely, with some players using current dips to accumulate positions at lower price levels.

Support levels near $33,000 are critical, as breaches could exacerbate the bear phase and lead to further short-term losses. Matrixport analysts recommend monitoring key metrics such as on-chain activity, whale movements, and derivatives open interest to gauge potential recovery points.

The firm also points to broader macroeconomic factors, including interest rate expectations and regulatory updates, which could influence Bitcoin sentiment in the coming weeks. Investors are encouraged to balance short-term caution with long-term exposure, as volatility often presents both risks and strategic buying opportunities.

Market sentiment currently shows a mix of cautious optimism and defensive strategies, reflecting the complexity of navigating short-term bearish conditions. Matrixport concludes that while Bitcoin faces immediate downward pressure, its long-term trajectory remains resilient, supported by adoption trends and institutional participation.

Recently, PEPE whales and chart analysts have turned more active as the memecoin grinds through a key support zone. Now, large on-chain buys, a 2017-style XRP fractal and an oversold weekly setup are shaping fresh debate over PEPE’s next phase.

PEPE whale steps up accumulation with $9 million in weekly buysA large PEPE holder has sharply increased purchases this month, on-chain data from Arkham and tracking by X user @PepeEthWhale show. The wallet has accumulated nearly $9 million worth of PEPE since Nov. 6, with inflows coming from Coinbase hot wallets over the past week.

PEPE Whale Accumulation Chart. Source: X

Earlier activity from the address showed smaller, scattered buys. In contrast, recent transfers appear as steady, high-volume inflows, with multiple transactions above $500,000 each recorded in rapid succession. The balance chart for the wallet now shows a clear jump in holdings since the start of November.

The whale’s behavior has sparked new discussion about large-holder positioning in PEPE. Market watchers note that big wallets often build positions gradually rather than during peak attention, so sustained accumulation can draw interest even without an immediate price reaction. However, the data only confirms that the address is buying, not what the holder plans to do next.

Analyst links PEPE outlook to 2017 XRP fractalMeanwhile, PEPE watcher @PepeEthWhale is comparing the token’s current structure to XRP’s 2017 rally. In a new post, he says the PEPE chart mirrors an old XRP fractal and argues that the memecoin could “have a green next week,” moving back inside a large triangle pattern.

PEPE Fractal Analysis Chart. Source: PepeEthWhale

He adds that he is “betting on a new PEPE all-time high by December,” framing the call as his personal outlook rather than a guarantee. The view centers on the idea that once price regains acceptance inside the triangle, momentum could rebuild into year-end.

The analysis uses a classic technical approach, where traders study past market structures and apply them to current charts. However, fractal-based setups and triangle patterns remain interpretations of price action, so the tweet reflects one analyst’s scenario rather than a confirmed path for PEPE.

Analyst flags PEPE oversold reading as chart tests long-term key levelNext, trader @Lamatrade1 highlighted a potential PEPE reaction zone as the token approaches a long-term support area. In a weekly chart shared on X, he described the setup as a “dead green frog bounce,” pointing to a cluster of historical levels that have acted as key zones during previous reversals.

PEPE Weekly Support Zone Chart. Source: @Lamatrade1

The chart marks a descending resistance band, a defined buy zone and a lower support region that aligns with January 2026 on the timeline. According to the analyst, the weekly RSI has moved into oversold territory, a condition he notes when discussing the possibility of a reaction near the lower band.

The post focuses on structural positioning within the broader trend, mapping resistance layers above and support levels below. It reflects one interpretation of the weekly PEPE chart rather than a confirmed shift in direction, relying on the relationship between long-term levels and momentum indicators.

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Bitcoin has dropped below $95,000, down 8% in a single day and over 24% from its all-time high in October. The global crypto market cap has fallen to $3.3 trillion, down about 6% in the past 24 hours. Altcoins have also taken a sharp hit, with Ethereum down over 10%, while XRP, Dogecoin, and Solana are all down 8–10%. 

Fears that crypto may be entering a bear market have intensified.

The Crypto Fear and Greed Index has dropped to 16, signaling extreme fear. Data from Coinglass shows that total liquidations in the past 24 hours have exceeded $1.3 billion, with Bitcoin liquidations at $676 million. Meanwhile, U.S. spot Bitcoin ETFs saw $866 million in outflows yesterday.

Why Is Bitcoin Dropping?Cryptoquant analysts note that Bitcoin’s drop below $100,000 is being driven largely by U.S. market forces. Data shows that U.S. investors are selling more aggressively than buyers in Asia or Europe, with Bitcoin often bouncing overnight but dropping sharply during U.S. trading hours.

Long-term Bitcoin holders across all age cohorts are selling at the same time. This is rare and strongly suggests year-end tax optimization among U.S. investors. Thirdly, the U.S. government shutdown has severely tightened liquidity, removing billions of dollars from the market.

Along with weaker expectations for a December rate cut, the overall risk appetite in the U.S. has weakened sharply, causing U.S. equities, crypto-linked stocks, and Bitcoin to fall. Analysts note that markets may stabilize as liquidity returns in the coming weeks, but the near-term pressure remains influenced by U.S. market dynamics.

Bitcoin May Test $92K–$93K LevelsInvestor Ted Pillows notes that people are starting to panic as the market continues to bleed slowly. He warns that if a major negative event occurs in this already fragile environment, this could trigger sharp panic and lead to a “capitulation” move, wiping out the weak hands fast.

In an earlier update, he had noted that the next significant support zone lies around $92,000–$93,000, which coincides with a CME futures gap. Bitcoin could move down to fill this CME gap before any relief rally occurs. 

Is The Bull Market Intact?However Cryptoquant CEO Ki Young Ju notes that capital is still flowing into Bitcoin and if major whale selling eases and broader market sentiment turns positive, Bitcoin could rebound any time.

He also notes that investors who entered Bitcoin 6 to 12 months ago have a cost basis near $94,000. So a bear market isn’t confirmed unless Bitcoin falls below this level.

https://x.com/saylor/status/19  89308024817598534

Saylor Says “HODL”Amidst the market downturn which has left investors frustrated, Michael Saylor, founder and chairman of Strategy, posted a “HODL” message on X, hinting that the current correction could present a buying opportunity amid the broader market weakness.

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