XRPC ETF Records Explosive First-Day SuccessCanary Capital’s newly launched XRP Exchange-Traded Fund (ETF), trading under the ticker XRPC, made a thunderous market debut, signaling a potential turning point for XRP’s mainstream investment narrative.
According to Canary Capital, XRPC recorded over $58.5 million in trading volume and a staggering $245 million in net inflows on its first day of trading, a performance that places it among the strongest crypto ETF debuts in recent memory.
Notably, XRPC’s explosive debut, $26M in trading volume within 30 minutes, highlights surging demand for regulated, accessible crypto investment products.
As institutional interest in digital assets grows, the XRP-focused ETF delivers a compliant, easily tradable avenue, attracting both retail and institutional investors eager for exposure.
Therefore, XRPC’s launch underscores strong liquidity, deep market interest, and growing investor confidence. With $58.5M in trading volume and $245M in net inflows, the ETF is attracting significant fresh capital, reflecting a mix of institutional positioning, long-term conviction, and short-term market momentum.
Analysts say XRPC’s early performance is bolstered by XRP’s broader macro narrative. As a leading digital asset with fast, low-cost cross-border utility, XRP benefits from growing regulatory clarity and rising institutional interest, making XRPC’s launch a timely milestone in its market evolution.
Source: NasdaqBy linking crypto markets with traditional finance, XRPC is poised to expand XRP’s reach. The ETF’s strong inflows underscore a growing trend: digital assets are becoming mainstream investment options.
Crypto ETFs now offer both retail and institutional investors regulated, accessible exposure with diversification and minimal operational friction.
Therefore, XRPC’s debut sets a strong benchmark, with analysts eyeing liquidity, price stability, and inflow trends to assess long-term traction. Sustained performance could position Canary Capital’s XRP ETF as a leading crypto ETF and a driver of broader digital asset innovation.
ConclusionXRPC’s explosive debut, $58.5M in trading volume and $245M in net inflows, marks a milestone for XRP and crypto ETFs.
By offering a regulated, accessible investment gateway, Canary Capital highlights XRP’s rising institutional appeal and mainstream adoption. Sustained momentum could see XRPC set the benchmark for digital asset funds, bridging traditional finance and the evolving crypto market with a trusted, high-liquidity vehicle for investors.
2025-11-14 08:411mo ago
2025-11-14 03:241mo ago
Crypto Market Crash: Why Bitcoin and Altcoins are Dropping Today?
The crypto market is deep in correction mode, with the global market cap falling to a six-month low near $3.27 trillion. Both Bitcoin and Ethereum have retreated sharply, dropping 23% and 36% from their all-time highs. Sentiment has turned fearful across the market, with the Crypto Fear & Greed Index plunging to 15, reflecting rising anxiety among traders.
Bitcoin has now fallen back to levels last seen in June 2025, marking one of its toughest Novembers in recent years as the price slid from its October peak to the mid-$90,000 range.
Why Bitcoin Is FallingPopular online theories about whales moving coins, governments dumping Bitcoin, or critics like Paul Krugman sparking panic don’t match the on-chain or market data. Even slowing ETF inflows fail to explain the severity of the crash.
Instead, the primary pressure comes from a sudden macroeconomic shift. The latest U.S. inflation report came in hotter than expected, sharply reducing the chances of a December Federal Reserve rate cut. With financial conditions tightening, risk assets, including tech stocks and crypto, began to unwind. Weakness in the AI sector added to the stress, turning a gradual decline into a broad market pullback.
Leverage Wipeouts and Traditional Market StressThe downturn intensified as over-leveraged positions in the crypto market were rapidly liquidated. This cascade of forced liquidations pushed Bitcoin lower at high speed, adding fuel to an already tense environment.
Traditional markets also showed signs of strain. SoftBank’s unexpected sale of its entire Nvidia stake shocked tech investors, while the collapse of two subprime hedge funds drew comparisons to early 2007. Altcoin Daily analyst highlighted how these cross-market fears spilled into crypto, deepening the decline.
Options Expiry Adds More PressureToday’s expiration of $4.7 billion in Bitcoin and Ethereum options has injected even more volatility. Put volume has surged, signaling that traders are positioning for further downside. With Bitcoin’s max pain level much higher than current prices, many traders are betting on a drop below $95,000.
Ethereum is witnessing similar bearish positioning, with expectations building for a move under $3,000.
Despite the turmoil, analysts emphasize that Bitcoin historically moves in sharp cycles. Michael Saylor reinforced this view, noting that Bitcoin often reaches new highs, corrects heavily, and then rebounds stronger. Volatility isn’t a flaw, it’s part of Bitcoin’s long-term growth pattern.
Altcoins Deep in RedAs Bitcoin leads the decline, major altcoins such as XRP, BNB, SOL, ADA, and ZEC have fallen 5–12% in the past 24 hours. Meme coins like DOGE, SHIB, and PEPE have also erased earlier gains, with PEPE down 80% this year.
With analysts eyeing potential Bitcoin support near $94,000, many traders expect more downside in the broader altcoin market as well.
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2025-11-14 08:411mo ago
2025-11-14 03:291mo ago
3 Key Charts to Track as Ether Strengthens Against Bitcoin
Ether strengthens against bitcoin, raising hopes of a bullish breakout. Nov 14, 2025, 8:29 a.m.
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole.
It's unusual to see ether ETH$3,207.68, the world’s second-largest cryptocurrency by market cap, showing relative strength against market leader bitcoin on a day when the market is under pressure.
STORY CONTINUES BELOW
Today is exactly that rare instance. While bitcoin BTC$96,924.77 has slipped over 2% on the day to around $97,200, ether remains largely steady near $3,230, per data source CoinDesk. This divergence has lifted the ether-to-bitcoin (ETH/BTC) ratio by more than 2%, signaling ether's outperformance.
With that in mind, here are three key charts worth keeping an eye on.
The Binance-listed ratio is currently confined within a counter-trend downward channel, reflecting a pause following the sharp rally observed between May and August. The slope of this channel is relatively gentle, suggesting the price action is more of a consolidation phase rather than a full-fledged downtrend.
So, a breakout from this channel would confirm a renewed investor bias in favor of ether over bitcoin, suggesting further upside potential for the ETH/BTC ratio. Interestingly, the ratio’s MACD histogram appears poised to cross above zero, signaling a potential bullish shift in momentum.
Ether
ETH's daily chart in candlestick format. (TradingView)
Like the ether-bitcoin ratio, ether's dollar-denominated price is also moving in a counter-trend downward channel, with signs of seller exhaustion near $3,000, as evident from the long tails attached to the recent daily candles.
This suggests a potential for price bounce, although a clean breakout from the channel is needed to confirm a broader bullish outlook.
XRP/BTCA potential rally in ether, widely regarded as the leading altcoin, could spark rallies in other major tokens, particularly in the ratio between payments-focused XRP and bitcoin.
XRP/BTC's multi-year consolidation. (TradingView)
The ratio continues to coil in a four-year range, building momentum for a significant breakout. Should ether surge, this could act as a catalyst for a bullish resolution in the XRP/BTC ratio, potentially triggering notable gains.
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2025-11-14 08:411mo ago
2025-11-14 03:301mo ago
The Descending Channel That Can Trigger A Bitcoin Price Crash To $88,000
Over the last few weeks, analysts have been predicting that the Bitcoin price could crash again after the initial October 10 crash. This is because of the weakening market trends that have shown that Bitcoin is still favoring a downtrend at this point. Crypto analyst Lixing_Gan on the TradingView website also shares this view, with the appearance of a descending trend pattern that suggests that the Bitcoin price is more likely to fall than rise.
Bitcoin Price At Risk Of Major Crash Below $90,000
So far, the Bitcoin price has been able to maintain its hold above the psychological level of $100,000, despite bears briefly pushing the price below this level. It has been trading in a tight range of $101,000 to $105,000 during this time, but with no notable momentum that could push its price higher. This tight range, unfortunately, plays into the descending pattern that maps a path downward.
According to the crypto analyst’s chart, the descending pattern was formed at the start of October, well before the historic 10/10 crash. This means that the bearish trend had begun much earlier, and the resultant crash was only in response to bullish positions weakening across the board.
This was triggered by massive sell-offs, mainly among whales and holders that have held onto their BTC for a notable amount of time. Over the last few months, these long-term holders have sold off more than 390,000 BTC, triggering billions of dollars in selling pressure. Given this, it is no surprise that the Bitcoin price broke down the way it did at the start of October.
Source: TradingView
These sell-offs from the long-term holders, though, the crypto analyst believes, are a distribution phase. As they sell off their holdings to newer investors, the cost basis for each Bitcoin begins to rise, increasing the likelihood that buyers will hold for longer.
Looking at the descending trendline from here, technical analysis suggests that the Bitcoin price is still testing the upper bound of the trendline. As the analyst explains, this upper bound happens to coincide with $106,500, which has been a major resistance for the cryptocurrency.
In addition to the resistance above $106,000, the Bitcoin Ichimoku cloud also shows a rise in bearish pressure. This means that the $100,000 psychological level is still at risk, and if it breaks, then the current decline could deepen.
The targets for this Bitcoin price crash lie well below the $90,000 level. The first major support is at $93,000, but a break below here could extend the decline to as low as $88,000 before the bulls find their footing again.
BTC fails to hold $100,000 | Source: BTCUSD on Tradingview.com
Featured image from Dall.E, chart from Tradingview.com
2025-11-14 08:411mo ago
2025-11-14 03:321mo ago
Heracles-Backed MiloGold Launches “Gold in Motion”: Tokenized Gold Ownership with Always-On Proof-of-Reserve
Presale Opens with Discount, Bonus & Pre-Staking APY
MiloGold today announced the Milo Gold Ownership Certificate (MGOC), a wallet-native vault receipt (NFT) that mirrors spot exposure to vaulted, insured gold and gold-backed stablecoins, alongside $MLGD, the platform’s utility/rewards token used across program utilities and, per policy, in swap/fee flows via the OzGold marketplace. Each $MLGD references 1/1,000,000 oz (micro-ounce) as the model unit and is reconciled to reserves through an always-on Proof-of-Reserve (PoR) framework (Merkle trees; zero-knowledge (ZK) enhancements on the roadmap).
“Gold has always stood for stability, we’re making it move,” said CEO of MiloGold. “MGOC preserves gold’s trust; $MLGD brings programmable utility, transparent reserves, and optional yield pathways.”
“Tokenized RWAs need verifiability and utility, not just wrappers,” said Hugh Ralph, Partner at Heracles Capital. “MiloGold’s always-on PoR and swap/exit design make gold both auditable and usable for modern portfolios.”
At-a-Glance (for investors)
What you buy: Milo Gold Ownership Certificate (MGOC) NFT at a discounted metal reference price, tracking live XAU exposure with on-chain PoR.
Why it matters: Converts passive gold into programmable, liquid positions with optional staking, lending, and leasing utilities.
How to verify: Public PoR dashboard (Merkle roots, reserve ratio, vault attestations) plus self-verify your wallet’s inclusion.
Investor One-Liner
MiloGold fixes the RWA pain points: “trust-me” reserves, static gold, day-1 dumps, and murky exits, via always-on PoR with LBMA-insured vaults and self-verify (ZK on roadmap), utility-funded optional rewards (not emissions), a 14-day no-unlock plus structured vesting, and a clear MGOC→$MLGD swap with published fees and SLAs.
Why Now (market context)
Colossal base, tiny on-chain slice. The above-ground stock of gold was ~216,265 tonnes at end-2024 (World Gold Council). At ~$4,174/oz in mid-Nov 2025, that implies ~$29T in value; meanwhile, tokenized gold stood at ~$3.86–$3.9B as of Oct 23, 2025, roughly ~0.01% of the total.
RWA tokenization is scaling. Credible forecasts for tokenized assets by 2030 range from ~$2T (McKinsey, base case) to $10T+ (Roland Berger), with scenarios reaching ~$18.9T by 2033 (BCG/Ripple). Projections, not guarantees, but the direction of travel is clear.
Why Gold?
Bonds offer thin yields, cash loses purchasing power, equities look stretched, and BTC is volatile. Gold is the time-tested hedge with deep global liquidity, transparent price discovery, and low correlation — powerful and stable, though historically slow-yielding.
If physical gold is powerful and stable but slow-yielding, tokenization keeps the metal’s trust while adding speed, access, and utility: wallet-native ownership with on-chain PoR you can self-verify, 24/7 global liquidity and fractional micro-ounce access, and programmable use (move, stake, collateralize, lease) that enables optional, variable (not guaranteed) yield paths. The market is still tiny relative to total gold, we are in the infrastructure phase, not the hype phase, with transparency and settlement measured in seconds, not T+2.
Why Milo Gold?
MiloGold brings both worlds together: metal-grade trust with DeFi-grade utility, and hardwired investor protections, directly addressing RWA pain points: opaque reserves, static gold, day-1 sell pressure, and unclear exits.
Verify, don’t guess: Always-on PoR (Merkle plus self-verify), LBMA-insured vaults; ZK proofs on the roadmap. 50% of every new investment is automatically allocated to the PoR reserve (ring-fenced, non-operational).
Reward design (post-listing): ~4–8% variable; fixed 90/180/360-day tiers up to ~24–28%, with a performance bonus during strong reserve growth. Potential combined pathways up to ~36% in certain scenarios when using multiple MiloGold utilities. All variable and not guaranteed, funded by fees, lending/lease spreads, and reserve yield — not new token printing.
Listing discipline: No investor unlocks for 14 days; structured vesting thereafter; TGE cap and a ~2-month project-sale pause beyond the initial ~300M liquidity to support orderly price discovery. Community and Utility rewards pacing: Rewards unlock by each buyer’s purchase date, creating staggered emissions that help reduce abrupt sell pressure.
Clear exits and transparency: Documented MGOC→$MLGD swap in OzGold, then trade $MLGD on supported venues; published fee table and SLAs.
Built to scale: BNB (tokens) plus Solana (NFTs); independent audits (CertiK, Hexens); multi-sig treasury; unified Investor Dashboard (KYC, PoR, vesting); DMCC-based with a VARA-aligned compliance roadmap.
Presale Snapshot
Benefits: Up to 10% discount, 5% purchase bonus, and up to 20% pre-staking APY (simple, non-compounded; variable).
Pricing: Contributions pegged to live XAU/USD and converted programmatically.
Structure: 13 stages with step-down incentives; KYC/AML onboarding supported.
Register and KYC: Create your account and complete AML/FATF-aligned KYC.
Choose network and asset: Select BNB, ETH, USDT, BTC, SOL, USDC.
Enter amount: The app shows live XAU/USD and your gold ounces.
Review discount and bonus: Stage discount and 5% bonus apply automatically.
Approve and pay: Confirm the transaction in your wallet.
Receive your NFT: Your MiloGold Ownership Certificate (MGOC) will be visible in your dashboard immediately. On-chain wallet delivery (MGOC NFT mint to your address) goes live in Q1 2026.
(Optional) Register for staking: Register your MGOC in the dashboard to enable accrual tracking.
Safety, Trust and Compliance
Jurisdiction: Operates from Dubai’s DMCC Free Zone, a leading hub for gold trading and blockchain innovation.
Regulatory alignment: FATF-aligned AML/KYC onboarding; active engagement with Dubai’s VARA on licensing.
Security: Independent smart-contract audits (CertiK, Hexens), continuous monitoring, and a responsible-disclosure policy.
Custody: LBMA-compliant, fully insured vaults (Dubai/EU) with periodic third-party attestations.
Backing: Seed investment from Heracles Capital.
Safety of Funds and Proof-of-Reserve (PoR)
50% automatic to PoR: Half of every new investment is automatically allocated to the PoR reserve (ring-fenced, non-operational, not accessible by the team).
On-chain verification: Published Merkle roots with a self-verify tool so holders can check inclusion themselves; ZK coverage proofs on the roadmap for privacy-preserving attestations.
How to verify: Open the PoR dashboard → check the latest Merkle root → connect your wallet to self-verify inclusion → review vault attestations, audit IDs, and treasury addresses.
Product and Utilities (phased rollout)
Gold Trade App (Phased): Buy and sell gold-referenced units with live XAU conversion.
Public Token Staking (Post-listing): Flexible ~4–8% or fixed 90/180/360-day targets ~18% / 20% / 24% plus performance (variable; not guaranteed).
Gold Staking (NFT) (Roadmap): Stake MGOC for dynamic yields aligned with reserve performance (variable; not guaranteed).
Gold Lending (Phased): Borrow against MGOC NFTs (target LTV bands published in-app).
Gold Leasing (Phased): Lease gold-backed NFTs; lease spreads help fund rewards and PoR.
OzGold Marketplace (Target early 2026): Trade MGOC and fractional lots; $MLGD used per policy in swap/fee flows.
What’s Coming (near-term)
PoR Dashboard (public): Merkle view plus self-verify; ZK proofs on roadmap.
Vaulting and Attestations: Publish LBMA custody and insurance with third-party attestations.
Security and Audits: Independent audits (for example CertiK, Hexens) plus continuous monitoring.
Listings and Utilities: TGE to $MLGD staking, Gold Lending, Gold Leasing (phased).
Investor Portal: Real-time positions, vesting and unlocks, fee transparency, PoR quick-verify.
Vesting, Unlocks and Listing-Day Assurance (streamlined)
TGE cap: Up to ~564M MLGD unlocked from the 2.13B initial TGE allocation (~26.48% of TGE; ~5.64% of 10B max), balancing liquidity and price stability.
Circulating at listing: ~564M (includes liquidity). Breakdown: ~300M for DEX/CEX/NFT liquidity plus ~264M across other TGE categories. Project-sale policy: beyond the ~300M liquidity, the project will not sell additional tokens for ~2 months post-listing.
Listing-day protections and investor vesting: No investor unlocks for the first 14 days, then ~20% at TGE+14d, followed by ~20% every ~60 days (~254 days total).
Listing, Liquidity and PoR allocation: After its initial TGE portion, this bucket releases ~10% monthly.
Team and Founders / VC: 6-month cliff, then 10% every 3 months.
Community and Utility rewards pacing: Rewards unlock by each buyer’s purchase date, creating staggered emissions that help reduce abrupt sell pressure.
Float dynamics: Day 0 float ~564M, of which ~300M is ring-fenced for liquidity provisioning (DEX/CEX plus NFT marketplace). Day 14, first investor tranche unlocks; operational categories vest on monthly or bi-monthly schedules.
Post-listing staking locks: Flexible or fixed 90/180/360-day options.
Presale Profit Simulation (Short, Illustrative)
Assumptions: Gold at $4,000/oz; invest $500; 10% presale discount; 5% bonus; 20% pre-stake for 120 days; reference $0.004/MLGD; example $MLGD = $1; spot at unlock $4,500/oz.
Metal exposure: $500 → 0.125 oz; with 10% discount applied = 0.1389 oz (≈ $555.56).
Tokens at listing: Bonus 6,250 plus pre-stake ~9,259 → ~15,509 MLGD.
First unlock (20%): ~3,102 MLGD → ~$3,102 (assuming $1/MLGD).
On the roadmap: Bridges and support for Ethereum and Base.
About MiloGold
MiloGold ($MLGD) is a next-generation digital asset protocol that tokenizes vaulted, insured physical gold and gold-backed stablecoins into programmable, verifiably collateralized on-chain assets, backed by LBMA-standard, fully insured vaults and an always-on Proof-of-Reserve (Merkle self-verify plus third-party attestations). It bridges gold’s centuries-old trust with DeFi’s 24/7 liquidity, transparency, and composability, unlocking optional, market-driven yield paths. MGOC ownership NFTs map to specific lots that can be traded, staked, collateralized, or leased. Tokens live on BNB Chain with NFTs on Solana, and the roadmap includes multi-chain expansion. Seed-backed by Heracles Capital, and based in Dubai (DMCC Free Zone).
Important Information
This release contains forward-looking statements (for example audits, licensing, utilities, yields, timelines); actual results may differ materially. Nothing herein constitutes investment, legal, or tax advice, nor an offer to sell or a solicitation to buy any security or digital asset. Participation may be limited by jurisdiction and subject to KYC/AML and other eligibility checks. Digital assets are volatile; you could lose all or a substantial portion of your participation. Rewards and returns are variable and not guaranteed; any figures or examples are illustrative only. Audits and security reviews reduce but do not eliminate risk; smart contracts and networks can fail. Proof-of-Reserve and vault or insurance references rely on third-party attestations and policy terms and do not eliminate risk. Access to features (staking, lending, leasing, swaps, listings) is subject to platform rules, regulatory requirements, and timelines and may change without notice. Please read the Whitepaper, Risk Factors, and Presale Terms and consult your own advisors before participating.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.
Q3 EBITDA of USD 43.9 million and operating cashflow of USD 142.0 millionRobust balance sheet with USD 624 million in available liquidityQ3 cash dividend of USD 0.063 per shareBW Opal achieved RFSU and first gas, receiving 60% of contractual dayrate from 16 SeptemberSigned Heads of Agreement with Equinor for Bay du Nord FPSOJV established with BW Group to design and build Floating Desalination Units (FDUs)BW Ideol fabrication line in France selected for EU Commission grant for up to EUR 74 millionSuccessful upsizing of the corporate credit facility to USD 220 millionFull-year 2025 EBITDA guidance range narrowed to USD 240-250 million On 16 September, the BW Opal FPSO successfully reached ready-for-start-up (RFSU) for the Santos operated Barossa LNG project, triggering the commencement of payment of 60% of the contractual dayrate under the charter.
The Board of Directors has declared a quarterly cash dividend of USD 0.063 per share. The shares will trade ex-dividend from 19 November 2025. Shareholders recorded in VPS following the close of trading on Oslo Børs on 18 November 2025, will be entitled to the distribution payable on or around 28 November 2025.
"We are proud to deliver first gas from BW Opal, signalling the end of the construction phase and the transition to operations with subsequent revenue and cash flow recognition," said Marco Beenen, the CEO of BW Offshore. "The Bay du Nord project with Equinor is progressing towards FEED early next year, as we continue to execute on our strategy for growth and value creation supported by high commercial uptime, robust cash generation from the existing fleet and a strong balance sheet.”
FINANCIALS
EBITDA for the third quarter of 2025 was USD 43.9 million (USD 57.1 million in Q2 2025), reflecting good operational performance. The reduction is primarily due to the recognition of one-off revenues related to the Repsol project in the second quarter. EBIT for the third quarter was USD 22.5 million (USD 21.2 million).
Net financial items were positive at USD 6.7 million (USD 5.8 million). Both quarters were positively impacted by a valuation gain on the financial liability related to the Barossa project. This was driven by changes in the timing of future cash flows from the facility, as well as a favourable mark-to-market adjustment on interest rate hedges.
The loss from equity-accounted investments was USD 3.6 million (loss of USD 1.9 million), including a valuation adjustment on the Barossa finance receivable related to changes in timing of future cash flows.
Tax expense was USD 2.3 million (USD 0.5 million).
Net profit for the third quarter was USD 23.3 million (USD 24.6 million).
On 30 September 2025, total equity was USD 1 273.9 million (USD 1 279.3 million) and the equity ratio was 30.5% (30.7%).
As a result of strong cash generation from the fleet and asset sales in recent quarters, the Company was net cash positive by USD 186.6 million (USD 213.4 million) as of 30 September 2025.
In September, the Company successfully refinanced its existing revolving credit facility into a new USD 220 million facility, maturing on 10 November 2028. The increased borrowing limit under the new facility provides increased financial flexibility and a solid foundation for future growth. Available liquidity was USD 624.3 million, excluding consolidated cash from BW Ideol and including USD 220 million available under the new revolving credit facility.
FPSO OPERATIONS
The FPSO fleet continued to deliver stable operations in the quarter with a weighted average fleet uptime of 98.7% (99.9% in Q2 2025). During the quarter, BW Catcher and BW Adolo continued to maintain high commercial uptime despite undergoing 14 days and 17 days of scheduled annual maintenance, respectively.
For BW Opal, the provision of O&M services and corresponding revenue recognition commenced following the full operational readiness of the Darwin supply base. The dayrate received from 16 September relating to the charter of the unit is included in cash flow but not recognised as revenue. The next milestone, Interim Performance Test (IPT), increases the payable dayrate to 85%. Practical Completion (PC), which is expected in the first quarter 2026, will conclude the project delivery phase and the start of the 15-year firm contract period with 100% dayrate payments and revenue recognition.
On 30 September 2025, the firm and probable backlog measured by expected cashflow from operations amounted to USD 2.1 billion (USD 2.2 billion).
FPSO PROJECT OPPORTUNITIES
In early September, BW Offshore signed a Heads of Agreement (HoA) with Equinor, as the preferred bidder for the Bay du Nord FPSO for Canada’s first deepwater development offshore Newfoundland and Labrador. Following completion of the pre-FEED phase, the client has exercised the option for a bridging phase focused on further technical and commercial maturation of the FPSO concept. This includes refining a smart and cost-effective design and progressing toward a commercial solution. Preparations are underway for the FEED phase, expected to commence in early 2026, subject to approvals by Equinor and BP. A contract award is expected by end 2026.
FLOATING ENERGY TRANSITION SOLUTIONS
BW Offshore is committed to contribute to the energy transition by leveraging FPSO expertise to deliver low-carbon energy solutions and expand into new sectors, focusing on low-emission oil and gas, CO2 transport, gas-to-power and floating ammonia to meet evolving energy demands. The Company maintains a disciplined approach with selective and diligent allocation of capital and a commitment to creating shareholder value.
BW Offshore and an affiliate BW Group have established a 50/50 joint venture entity (JV), BW Elara, to design and build FDUs, using BW Water technology to produce fresh water from salt water to address a growing global water constraint. The FDUs will be delivered through a flexible service supply model. BW Offshore will oversee the overall project execution in cooperation with the JV, including hull design and construction, and system integration based on proven technology. A ready-built FDU can be deployed and fully operational within as little as three months from contract signing and the JV sees clear market potential underpinning an ambition to develop and operate a multi-regional fleet over time.
BW Offshore owns 64% of BW Ideol, a leader in offshore floating wind technology and co-development with 15 years of experience in the development of floating wind projects. The 1 GW Buchan offshore wind project in Scotland is progressing with submission of onshore and offshore consent applications completed. In France, the three floating substructures for the Eolmed floating wind pilot were launched and turbine integration is underway. Commissioning of the three floating units based on BW Ideol’s proprietary design is expected by end-2025. BW Ideol also holds a 5% ownership stake in Eolmed.
In November, BW Ideol’s Fos3F-project for developing a fabrication line for concrete floating foundations in Fos-sur-Mer, France, was selected by the European Commission’s Innovation Fund for a grant of up to EUR 74 million. BW Ideol and the Commission will now enter the grant agreement preparation phase to finalise the funding contract. This process is expected to be completed in the first half of 2026.
OUTLOOK
Growing energy consumption continues to drive interest for FPSO developments with long production profiles, low break-even costs and reduced emissions. Increased project complexity and construction costs necessitates financial structures with significant day rate prepayments during construction for new lease and operate projects. Alternatively, oil and gas majors may fund and own FPSOs, relying on FPSO specialists for design, construction and installation, as well as operations and maintenance services. BW Offshore is well positioned to offer both solutions, with a special focus on gas and harsh-weather FPSOs, and redeployments with lower costs and shorter lead times.
Sanctioning of FPSO projects continues to lag market expectations, with a growing number of projects at various stages of maturity reflected in increased FEED and tendering activity. BW Offshore has clear selection criteria for new projects based on securing the return requirement through the firm contract period, strong counterparties and application of partner models. BW Offshore expects that a number of the FPSO projects the Company is engaging in will reach a final investment decision within the next 12 to 36 months.
The market dynamics and the high competence levels required for project execution, should enable better risk-reward and improved margins for FPSO companies going forward. The Company is evolving its execution model, seeking strong project partnerships for the design, engineering and construction phases and overall strengthened risk management to complement the successful partner financing model established for the BW Opal.
Based on the financial performance year to date and outlook for the fourth quarter of 2025, the Company has narrowed the full-year EBITDA outlook to USD 240-250 million from previously USD 240-260 million. BW Offshore expects that the fleet will continue to generate significant cash flow in the time ahead, supported by the firm contract backlog.
Please see attached the Q3 Presentation. The earnings tables are available at:
https://www.bwoffshore.com/ir/
BW Offshore will host a webcast of the financial results 09:00 (CET) today. The presentation will be given by CEO Marco Beenen and CFO Ståle Andreassen.
Webcast information:
You can follow the presentation via webcast with supporting slides and a Q&A module, available on:
BW Offshore Limited – Q3 presentation webcast
Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser - Chrome is recommended.
For further information, please contact:
Ståle Andreassen, CFO, +47 91 71 86 55 [email protected] or www.bwoffshore.com
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs and floating wind solutions. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets worldwide. BW Offshore has around 900 employees and is publicly listed on the Oslo stock exchange.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
2025 Q3 Presentation
2025-11-14 07:411mo ago
2025-11-14 01:301mo ago
BW Offshore launches BW Elara - floating desalination solutions powered by BW Water technology
BW Offshore launches BW Elara - floating desalination solutions powered by BW Water technology
BW Offshore and BW Group have established a 50/50 joint venture entity (JV), BW Elara, to design and build Floating Desalination Units (FDUs), producing fresh water from salt water to address growing global water constraints. The FDUs will combine BW Offshore’s experience from developing over 40 floating production units with BW Water’s 35-year desalination expertise to offer a rapidly deployable fresh water solution.
BW Offshore will oversee the overall FDU project execution, including hull design and construction, and system integration, and will co-invest alongside a company affiliated with BW Group; and BW Water will design and build the desalination plant using its custom-engineered reverse osmosis systems.
Access to fresh water is an emerging global challenge. While permanent infrastructure remains the typical long-term solution, there is a widening gap between immediate water requirements and availability in many areas. This challenge is particularly acute in mid-size municipal and industrial settings, where existing emergency water supply options such as containerised units are insufficient to meet demand, while large onshore desalination plants take too long to address urgent needs.
Developed over the last two years on proven technology, the FDU concept offers a flexible and scalable solution to bridge that gap. A ready-built FDU can be deployed and fully operational within as little as three months from contract signing. The modular unit can supply 20 to 40 million litres of drinking water per day. It is ideal for urgent deployment in response to droughts, delays in land-based desalination projects and temporary industrial demand spikes. The JV sees clear market potential underpinning our intention to develop and operate a multi-regional fleet over time.
“The formation of BW Elara is testament to the wide-ranging capabilities of the BW network, leveraging synergies between our affiliates. This partnership combines BW Offshore’s capabilities with BW Water’s desalination expertise to address the world’s growing fresh water demand”, says Andreas Sohmen-Pao, Chairman of BW Group.
“Applying our extensive offshore engineering and operations expertise to developing new floating transition solutions is a strategic focus area for BW Offshore. Together with BW Water, we will tackle this challenge with innovative solutions, and thereby seek to deliver long-term value,” says Marco Beenen, CEO of BW Offshore.
“Floating Desalination Units fill a critical gap between emergency relief and long-term infrastructure investments in today’s market for water desalination solutions,” says Matthew White, Executive Chairman of BW Water. “We combine an efficient modular design with a proprietary seawater intake system and a flexible service supply model. Our solution has generated strong interest from potential clients globally in both municipal and industrial sectors.”
For more information, please visit [www.bwelara.com]
-end-
About BW Offshore
BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs and floating wind solutions. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets worldwide. BW Offshore has around 900 employees and is publicly listed on the Oslo stock exchange. bwoffshore.com
About BW Group
BW Group is a leading global maritime company involved in shipping, floating infrastructure, deepwater oil & gas production, and new sustainable technologies. BW controls a fleet of over 450 vessels transporting oil, gas and dry commodities, with its 200 LNG and LPG ships constituting the largest gas fleet in the world. In the renewables space, the group has investments in wind, batteries, and water treatment. bw-group.com
About BW Water
BW Water is a leading global provider of full-service water and wastewater solutions and part of the BW Group. The company has developed over 200 municipal and industrial installations worldwide. BW Water has around 300 employees and operates across eight locations globally, with its headquarters in Singapore and regional hubs in Florida, USA, and Stuttgart, Germany, supporting operations in the Americas and EMEA regions, respectively. bw-water.com
For media enquiries, please contact:
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
2025-11-14 07:411mo ago
2025-11-14 01:311mo ago
Focus: BYD shifts away from in-house payment system that strained suppliers, sources say
China's BYD has told some suppliers it wants to stop using in-house financial notes to pay them, people briefed on the matter said - a seismic shift away from a practice that helped power its rise but has been criticised for disadvantaging its parts makers.
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Cartier-Owner Richemont's Sales Accelerate as Jewelry Continues to Shine
Timeline:
Date of approval: 13 November 2025
Last day inclusive: 18 November 2025
Ex-date: 19 November 2025
Record date: 20 November 2025
Dividend payment date and delivery of Dividend Shares to shareholders: On or about 28 November 2025
This information is published in accordance with the requirements of the Continuing Obligations.
About BW Offshore:
BW Offshore engineers innovative floating production solutions. The Company has a fleet of FPSOs and floating wind solutions. By leveraging four decades of offshore operations and project execution, the Company creates tailored offshore energy solutions for evolving markets worldwide. BW Offshore has around 900 employees and is publicly listed on the Oslo stock exchange.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act
2025-11-14 07:411mo ago
2025-11-14 01:491mo ago
Swiss Re Says Low Natural-Catastrophe Losses Lift Results
Net profit rose to $4 billion for the first nine months of the year, compared with $2.2 billion for the same prior-year period, when it took a hit from an increase in U.S. liability reserves.
2025-11-14 07:411mo ago
2025-11-14 01:511mo ago
Faraday Future Intelligent Electric Inc. (FFAI) Q3 2025 Earnings Call Transcript
Faraday Future Intelligent Electric Inc. (FFAI) Q3 2025 Earnings Call November 13, 2025 7:30 PM EST
Company Participants
John Schilling
Matthias Aydt - Global Co-CEO & Director
Koti Meka - Chief Financial Officer
Jerry Wang - Global President
Presentation
Operator
Greetings, and welcome to Faraday Future Intelligent Electric Inc. Third Quarter 2025 Earnings Call.
[Operator Instructions]
Please note, this conference is being recorded. I will now turn the conference over to John Schilling. Thank you, John. You may begin.
John Schilling
Welcome, everyone, to Faraday Future's Third Quarter 2025 Earnings Call. This is John Schilling, Director of PR and Communications at FF. Today, I'm joined by a few members of our leadership team, including our global Co-CEO, Matthias Aydt; our CFO, Koti Meka, and our Global FF President, Jerry Wang.
Today, we will be sharing details from our third quarter 2025 results. The press release as well as today's presentation will be available in the Investor Relations section of our website at investors.ff.com. A replay of this call will also be posted there later today.
Please note that on the call, we will be making forward-looking statements based on current expectations and assumptions, which are subject to risks and uncertainties. These statements reflect our views only as of today, should not be relied upon as representative of views as of any subsequent date, and we undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. These statements are subject to a variety of risks and uncertainties that could cause actual results to differ materially from expectations.
For further discussion of the material risks and other important factors that could affect our financial results, please refer to our filings with the SEC. In today's call, we will be covering the
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Teledyne Space Imaging Announces Availability of Upscreened Sensors for Space: EMs and Evaluation Kits Ready by End of 2025
GRENOBLE, France--(BUSINESS WIRE)--Teledyne Technologies Incorporated (NYSE:TDY), a leading provider of advanced imaging solutions, is proud to announce that Engineering Models (EMs) of its newly launched industrial CMOS image sensors—upscreened for space applications—will be available along with evaluation kits and integration tools by the end of 2025.
These sensors, developed and tested in Teledyne’s facilities in Grenoble, France, are tailored for the growing demands of the New Space market. The two variants—Ruby 1.3M USV and Emerald Gen2 12M USV—offer resolutions of 1.3MP and 12MP, respectively, and are qualified by test for applications such as Earth observation, star trackers, monitoring cameras, space suits, rovers, and moon landers.
Each sensor undergoes rigorous delta space qualification and radiation testing, including assessments for Single Event Latch-up (SEL), Single Event Effect (SEE), and Single Event Functional Interrupt (SEFI). Depending on mission requirements, they are delivered as flight models with two levels of screening: U1 (ESCC9020-like) and U3 (NASA Class 3 tailored for image sensors).
To support rapid integration and reduce time-to-market, Teledyne e2v provides a comprehensive suite of tools including:
Engineering Models (EMs)
Evaluation kits
Reference designs
These resources, combined with Teledyne’s dedicated support team ensure seamless assistance from design concept to system launch.
“This marks a significant step forward in making high-performance imaging accessible to a broader range of space missions,” said Frédéric Devrière, Product Manager at Teledyne e2v. “By combining industrial-grade CMOS technology with space qualification, we’re enabling European and global players to innovate faster and more affordably in Earth observation, planetary exploration, and commercial applications.”
Live Demonstration at Space Tech Expo Europe 2025
Visitors to Teledyne’s booth B09 at Space Tech Expo Europe, held November 18–20, 2025, at Messe Bremen, Germany, will experience a live demo of the Emerald Gen2 12M USV sensor showcasing its performance and integration capabilities.
Teledyne Space Imaging
Teledyne Space Imaging offers innovative space imaging products, including those from sister companies. This new line of industrial image sensors upscreened for space is from Teledyne e2v in Grenoble. This facility is known for its high-performance, high-reliability semiconductors for the most demanding space applications. Teledyne Space Imaging - Everywhereyoulook!
Teledyne Space Imaging is part of Teledyne Technologies, a leading provider of sophisticated digital imaging products and software, instrumentation, aerospace and defense electronics, and engineered systems. Teledyne's operations are primarily located in the United States, Canada, the United Kingdom, and Western and Northern Europe.
For more information, visit Teledyne's website at www.teledyne.com.
Reykjavík, Nov. 14, 2025 (GLOBE NEWSWIRE) -- ("Amaroq" or the "Company")
Q3 2025 Financial Results
Growing revenues and restart of operations
TORONTO, ONTARIO – 14 November 2025 – Amaroq Ltd. (AIM, TSX-V, NASDAQ Iceland: AMRQ, OTCQX: AMRQF), an independent mine development corporation focused on unlocking Greenland’s mineral potential, is pleased to announce its Q3 2025 Financial Results. All dollar amounts are expressed in Canadian dollars unless otherwise noted.
A remote presentation for analysts and investors will be held later today at 09:00am GMT, details of which can be found further down in this announcement.
Eldur Olafsson, CEO of Amaroq, commented:
"As we approach the end of 2025, I would like to acknowledge the significant process made in commissioning Nalunaq over this past year since our First Gold Pour in November 2024. I am immensely proud of the work delivered by our team, commissioning crews and contractors. In October 2025, ahead of the planned shut-down of operations, gold production had already reached approximately 5,000 oz, in line with our revised 2025 production guidance. With the shutdown period now complete, and following the restart of operations, we now expect 2025 full year gold production to be 6,000 to 7,000 oz.
“During the period, we invested in the one-off transition to a fully owner-operated mining setup at Nalunaq, and we have appointed a highly talented team to lead mining and processing operations; which I am happy to say have managed a seamless handover from the contractors and successfully delivered the planned shutdown, on time and on budget. With completion of Phase 1 works and all critical path items for the delivery of Phase 2, on schedule to be in place during Q1 2026 on an estimated cost-to-complete of C$6.5 million, we are now focused on reaching milling capacity by the end of the year, to ensure we can maximise gold production and cash-flows in 2026.
“Outside of our gold mining operations, we have also been driving forward our strategic minerals portfolio, with the discovery of conventional rare earth elements within our Nunarsuit licence area, as well as very exciting copper-gold discoveries within close proximity to our Nalunaq mine. Significantly, in November 2025 we were also very pleased to announce the results of the re-assays from the Black Angel mine, which not only confirmed the high grade zinc, lead and silver resource but also identified potentially commercial levels of germanium and gallium; both of which are categorised critical minerals and will add a very interesting commercial and strategic angle to the re-start of the Black Angel mine.
“As we look to the rest of the year, we are entering the final capex period for Nalunaq, with clear visibility now on completion of all construction and commissioning of the mine by Q2 2026. Before the year end, we are expecting to receive the results from the key 2025 gold exploration programme across the Nanoq and Nalunaq resource upside projects. Amaroq is in a strong position as we head towards 2026 with a robust financial outlook from production operations and a project pipeline which will deliver value enhancing opportunities across the decade, funded by positive cash flow from Nalunaq.”
Q3 2025 Financial and Corporate Highlights
Total revenue of $12.8 million (2024: $0m) from total gold sales of 2,636 ounces. In the first three quarters, the Company produced 4,347 ounces and sold 3,360 ounces of gold for gross proceeds of $16.3 million.Gross profit of $5.9 million and Operating loss of $3.8 million, after taking into account G&A and exploration and evaluation expenses – mainly attributable to the Nanoq exploration campaign.Amaroq group liquidity of $45.4 million at period end, consisting of cash balances of $55.3 million, an undrawn revolving credit facility of $8.9 million less trade payables of $18.8 million ($75.0 million as at 30 June 2025).On 1 July 2025, Amaroq commenced trading on the OTCQX, enabling higher transparency and trading opportunities for investors in the U.S. Q3 2025 Operational Highlights
Q3 2025 gold production of 3,536 oz. Gold produced in the nine months to the end of September 2025 was 4,347 oz.As announced on 7 October 2025, production increased further post quarter end, reaching this year’s production target of approximately 5,000 oz.During Q3 2025, commissioning of the processing plant and ramp-up of mining operations at Nalunaq continued to deliver steady improvements and the Company remains on track to achieve nameplate throughput of 300 t/d by year-end 2025.Throughout the quarter, the Company progressed with the installation of numerous key items and infrastructure at Nalunaq, including the tailings filter structure, slurry tanks and filter press, fresh & process water tanks, flocculant skid, plant air compressors, plant piping to design, control room structure, permanent electrical trays, cables and connections and instrumentation and control systems.On 1 October 2025, Amaroq transitioned to an owner-operated mining model, enabling improved operational efficiency and cost control. A transitional cooperation with the mining contractor will continue beyond 1 October 2025. In addition, Nalunaq has entered into a partnership with a Canadian equipment supplier to invest in its own mining fleet. Q3 2025 Portfolio Highlights
At Nalunaq, four of the planned seven surface drillholes targeting the South Block Deeps were completed before the programme was paused until later in the year. All core was logged, sampled, and submitted for chemical assay. Underground drilling also recommenced with the deployment of a new drill rig under a hire-purchase agreement. This drilling is providing grade control and resource definition data to support short- to medium-term mine planning.At Nanoq, core drilling commenced in early August 2025 utilising three Company-owned rigs. The campaign was completed on 24 September 2025, with a total of 4,806.9 metres drilled. By the end of the reporting period, approximately 60% of the core had been logged and sampled. Preparations for winterisation and equipment storage at site were also finalised.Fieldwork on the Stendalen Cu-Ni target was conducted from the Nanoq exploration base. This programme followed on from the 2024 drilling and geophysical studies, with the objective of improving geological understanding and defining controls to mineralisation in advance of potential follow-up drilling in 2026.Strategic exploration also advanced across Amaroq’s wider licence portfolio. The final programme of the season comprised a short reconnaissance campaign over the Minturn IOCG (Iron-Oxide-Copper-Gold) target in Northern Greenland.Following the announcement of the Black Angel and Kangerluarsuk licence acquisitions, and during the process of finalising these, Amaroq undertook a series of reconnaissance site visits and commenced re-assaying of selected historical bulk samples. These activities, combined with the ongoing collation and review of historical datasets, will form the basis for detailed forward-looking exploration and development plans for both assets.The majority of the assay results from these programmes are expected through Q4 2025. Post Period Highlights
On 17 October 2025, Amaroq announced the launch of Single Mine Origin gold sales from its Nalunaq mine in Greenland, making fully traceable, responsibly sourced gold available exclusively to Greenlandic residents.On 21 October 2025, Amaroq announced the simplification and streamlining of its securities under a single ISIN, with Icelandic Depositary Receipts (IDRs) being converted into Depositary Interests (DIs) to unify cross-border settlement and administration while maintaining trading continuity on Nasdaq Iceland.On 28 October 2025, the Company announced multiple new high-grade gold discoveries across Greenland, from Vagar, Anoritooq, Ippatit, Tartoq and Grænseland, including samples grading up to 38.7 g/t Au.On 4 November 2025, the Company announced the initial identification of conventional rare earth element bearing mineralisation within its Nunarsuit mineral licence area in South Greenland.On 11 November 2025, Amaroq announced results from re-assayed bulk samples from the Black Angel mine, as well as the fulfilment of all conditions precedent (“CPs”) in relation to the previously announced acquisition of the Black Angel mine. The re-assayed bulk sample material from within the Black Angel deposit confirms the high-grade nature of the mineralisation, averaging 24.6% zinc, 28.1% lead and 295 g/t silver. Commercial levels of germanium (44 ppm) and gallium (21 ppm) were also identified; adding significant value to the future project from these critical minerals, both of which are on the EU and US Government critical mineral list. The West Greenland Hub will be 100% owned by Amaroq, separate from the Gardaq JV (Amaroq 51%), which will continue to focus on early-stage exploration activities. The Company also confirmed that Black Angel will be advanced as a standalone mining development project and new hub for the Company.Planned shutdown for commissioning activities commenced in October 2025 and were completed on 14 November 2025 in line with expectations. Following the shutdown, completion of Phase 1 works and all critical path items for the delivery of Phase 2 are on schedule to be in place during Q1 2026. Outlook
The Phase 2 construction at Nalunaq will take place inside the plant and is anticipated to continue until the end of Q1 2026, allowing the commissioning of the flotation circuit immediately thereafter.With the shutdown period now complete, and following the restart of operations, management expects 2025 full year gold production to be 6,000 to 7,000 oz. Financial Results
Period ended Sept 30, 2025 Nine
months Nine
months 2025 2024 $ $Financial Results Revenue 16,283,686 -Cost of Sale (10,502,065) -Selling, refining and royalty costs (478,710) -Gross Profit 5,302,911 -Exploration and evaluation expenses (6,267,637) (5,172,947)General and administrative expenses (13,726,577) (11,831,157)Loss on disposal of capital assets (253,269) (149,917)Gain on lease modification 55,323 -Foreign exchange gain (loss) 724,449 1,475,432Interest income 474,626 943,023Gardaq project management fees 1,875,843 1,823,286Share of net losses of joint arrangement (1,755,518) (6,698,550)Loss on liability derecognition (307,263) -Unrealised gain (loss) on derivative liability - 1,636,567Finance costs (1,482,192) (27,449)Net loss and comprehensive loss (15,359,304) (18,001,712)Basic and diluted loss per share (0.037) (0.057) Financial Position
As at September 30, 2025December 31, 2024 $$Financial Position Cash55,314,70945,193,670Inventory17,977,92210,182,744Investment in equity-accounted joint arrangement13,146,79514,902,313Total assets339,032,279255,976,986Total current liabilities61,593,66446,973,753Total non-current liabilities8,241,9377,845,657Shareholders’ equity269,196,678201,157,576Working capital (before convertible notes liability and loan payable)76,906,56347,525,515Working capital (loan payable included)34,320,24218,903,783Gold business liquidity45,396,16050,860,477 New Lease Agreement with Klettar Investments ehf. and Related Party Transaction
The Company further announces that on 14 November 2025, it has entered into a new lease agreement with Klettar Investments ehf. (“Klettar”) for the rental of its office premises at Fríkirkjuvegur 3, 101 Reykjavík (the “Agreement”).
The Agreement is a continuation of the rental relationship previously established between the parties. The premises accommodate Amaroq’s expanding Icelandic team and support the Company’s continued growth in operational, administrative, and corporate functions.
Klettar is a related party of Amaroq as it is a company controlled by Sigurbjorn Thorkelsson, Non-Executive Director. The Agreement is for an indefinite period effective from 1 September 2025. The Company will pay a monthly rent of 2,000,000 ISK, to be adjusted in accordance with changes in the consumer price index as published monthly by Statistics Iceland (Hagstofa Íslands).
The Agreement constitutes a related party transaction for the purposes of the AIM Rules for Companies. The Independent Directors, being the Amaroq Directors other than Sigurbjorn Thorkelsson, having consulted with the Company’s Nominated Adviser, consider the terms of the Agreement to be fair and reasonable insofar as the Company's shareholders are concerned.
Details of conference call
A conference call for analysts and investors will be held this morning at 09:00am GMT, including a management presentation and Q&A session.
To register via the webcast link, please use the following link: https://edge.media-server.com/mmc/p/ke4j7cd9
To register via the conference call, please use the following link: https://register-conf.media-server.com/register/BI3fa04dcd1a854a66ac37890d9a0545c6
Instructions for conference call registration:
Click on the call link and complete the online registration form.Upon registering you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.Select a method for joining the call:Dial-In: A dial in number and unique PIN are displayed to connect directly from your phone.Call Me: Enter your phone number and click “Call Me” for an immediate callback from the system. The call will come from a US number. Enquiries:
Amaroq Ltd. C/O
Ed Westropp, Head of BD and Corporate Affairs
+44 (0)7385 755711 [email protected]
Eddie Wyvill, Corporate Development
+44 (0)7713 126727 [email protected]
Panmure Liberum Limited (Nominated Adviser and Corporate Broker)
Scott Mathieson
Freddie Wooding
+44 (0) 20 7886 2500
Canaccord Genuity Limited (Corporate Broker)
James Asensio
Harry Rees
+44 (0) 20 7523 8000
Camarco (Financial PR)
Billy Clegg
Elfie Kent
Fergus Young
+44 (0) 20 3757 4980
Further Information:
About Amaroq
Amaroq’s principal business objectives are the identification, acquisition, exploration, and development of gold and strategic metal properties in Greenland. The Company’s principal asset is a 100% interest in the Nalunaq Gold mine. The Company has a portfolio of gold and strategic metal assets in Southern Greenland covering the two known gold belts in the region as well as advanced exploration projects at Stendalen and the Sava Copper Belt exploring for Strategic metals such as Copper, Nickel, Rare Earths and other minerals. Amaroq is continued under the Business Corporations Act (Ontario) and wholly owns Nalunaq A/S, incorporated under the Greenland Companies Act.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Glossary
Augoldggramsg/tgrams per tonnekmkilometreskozthousand ouncesmmetersMRE3Mineral Resource Estimate 2022MRE4Mineral Resource Estimate 2024ozouncesttonnest/dTonnes per dayt/m3tonne per cubic meterUSD/ozAuUS Dollar per ounce of gold Inside Information
This announcement contains inside information for the purposes of Article 7 of the UK version of Regulation (EU) No. 596/2014 on Market Abuse ("UK MAR"), as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018, and Regulation (EU) No. 596/2014 on Market Abuse ("EU MAR").
Qualified Person Statement
The technical information presented in this press release has been approved by James Gilbertson CGeol, VP Exploration for Amaroq Minerals and a Chartered Geologist with the Geological Society of London, and as such a Qualified Person as defined by NI 43-101.
CREDIT AGRICOLE SA: Crédit Agricole S.A. announces the reduction of its share capital through the cancellation of treasury shares purchased under a share repurchase program
Crédit Agricole S.A. announces the reduction of its share capital through the cancellation of treasury shares purchased under a share repurchase program
On 13 November 2025, the Board of Directors, acting on the authorization of the General Meeting of Shareholders on 22 May 2024, decided to reduce Crédit Agricole S.A.'s share capital by cancelling 22,886,191 treasury shares representing approximately 0.75% of the share capital.
Such capital reduction is effective as from 13 November 2025.
These shares were purchased under a share repurchase program implemented between 1 October 2025 and 30 October 2025 to offset the dilutive effect of the 2025 capital increase reserved for employees, for an aggregate amount of 374,414,014 euros, following a decision by the Board of Directors on 14 May 2025.
Following this cancellation of such shares, Crédit Agricole S.A.'s share capital amounts to 9,077,707,050 euros, comprising 3,025,902,350 shares, including 583,317 treasury shares held as at 13 November 2025 under the liquidity agreement managed by Kepler Cheuvreux.
2025 11 14 PR CASA cancellation SBB (EN)
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ORIX: A 'Buy' On Beat And Raise Quarter, ROE Improvement Potential
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.
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PRESS RELEASE: CMB.TECH announces Q3 2025 results on 26/11/2025
Antwerp, Nov. 14, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext: CMBT) (“CMBT”, “CMB.TECH” or “the Company”) will release its third quarter 2025 earnings prior to market opening on Wednesday 26 November 2025 and will host a conference call at 8 a.m. EST / 2 p.m. CET to discuss the results for the quarter.
The call will be a webcast with an accompanying slideshow. You can find the details of this conference call below and on the “Investor Relations” page of the website. The presentation, recording & transcript will also be available on this page.
Webcast Information Event Type: Audio webcast with user-controlled slide presentation Event Date: 26 November 2025 Event Time: 8 a.m. EST / 2 p.m. CET Event Title: “Q3 2025 Earnings Conference Call” Event Site/URL: https://events.teams.microsoft.com/event/c0e3e44b-69f5-4d83-aeb0-7ffa0ce4b5a5@d0b2b045-83aa-4027-8cf2-ea360b91d5e4 To attend this conference call, please register via the following link.
Telephone participants who are unable to pre-register may dial in to the respective number of their location (to be found here). The Phone conference ID is the following: 520 663 159#
About CMB.TECH
CMB.TECH is one of the largest listed, diversified and future-proof maritime groups in the world with a fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore energy vessels and port vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers.
CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa.
CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.
More information can be found at https://cmb.tech
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.
In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.
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.
2025-11-14 07:411mo ago
2025-11-14 02:191mo ago
Apple's China iPhone sales jumped 22% in month after iPhone 17 launch
Sales of iPhones in China rose 22% from year-earlier levels in the first month after the iPhone 17 series launched, even as the broader market softened, a private survey showed on Friday.
2025-11-14 07:411mo ago
2025-11-14 02:221mo ago
It Looks Like Eli Lilly Will Become The Next Trillion Dollar Baby
SummaryEli Lilly is poised to become the first $1 trillion pharmaceutical company, driven by explosive growth in its weight-loss drug, Mounjaro.LLY's earnings and sales growth have been exceptional, with quarterly earnings up 495% and sales up 38% year-over-year, outpacing industry peers.The stock boasts a stellar long-term performance record, outperforming the S&P 500 and earning top momentum and performance grades in the analyst's system.With a five-year target price of $1,968 and strong technicals, LLY is rated a 'Strong Buy' for its rare combination of value and growth.Black Friday Sale 2025: Get 20% OffRimma_Bondarenko/iStock via Getty Images
Back on February 8, 2024, I asked the question: will Eli Lilly (LLY) be the first $1 trillion pharmaceutical company? At that time, Lilly had a market cap of about $675 billion and was a long way from $1 trillion. In
Analyst’s Disclosure:I/we have a beneficial long position in the shares of LLY 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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Kyverna Therapeutics: Immune Reset Is Clinically Validated, Market Ignores Potential
SummaryKyverna Therapeutics receives a strong buy rating with a $55 price target, driven by revolutionary Phase 2 data for KYV-101 in myasthenia gravis.KYV-101 demonstrated double the efficacy of standard care and enabled 100% of patients to achieve drug-free remission, with a best-in-class safety profile.The platform is significantly de-risked, with experienced management, strong financials, and clear near-term catalysts, including SPS BLA filing and a pivotal Phase 3 trial.Despite the small sample size and durability risks, KYTX offers a highly asymmetric risk-reward profile, making the current valuation a compelling entry point.Editor's note: Seeking Alpha is proud to welcome Holger Kujath as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access.
Analyst’s Disclosure:I/we have a beneficial long position in the shares of KYTX 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. 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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Natural Gas and Oil Forecast: Brent Stabilizes, WTI Recovers, NatGas Builds Uptrend Base
Important DisclaimersThe content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.Risk DisclaimersThis website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
2025-11-14 07:411mo ago
2025-11-14 02:301mo ago
Syensqo exercises the first call option to redeem €500 million hybrid Bonds
Syensqo exercises the first call option to redeem €500 million hybrid Bonds
Brussels, November 14, 2025 - 8:30am CET
Syensqo SA (the “Issuer”) today announces its decision to exercise its first call option on the €500 million Undated Deeply Subordinated Fixed-to-Reset Rate Perpetual NC5.5 Bonds (ISIN: BE6324000858), following notification to the Agent, the National Bank of Belgium, and the Luxembourg Stock Exchange, where the bonds are listed.
This perpetual deeply subordinated bond, carrying an annual coupon of 2.5%, is classified as equity under IFRS standards. The repayment will occur on the first call date, December 2, 2025. Upon completion of this repayment, there will be no perpetual bonds on the balance sheet of Syensqo.
“This decision reaffirms Syensqo’s commitment to disciplined financial management and long-term value creation,” said Christopher Davis, Chief Financial Officer of Syensqo. “By exercising this call option on this legacy instrument, we continue to enhance the efficiency of our capital structure, while preserving the solid fundamentals for our strong investment-grade profile."
Link to the notice published on the Luxembourg Stock Exchange.
About Syensqo
Syensqo is a science company developing groundbreaking solutions that enhance the way we live, work, travel and play. Inspired by the scientific councils which Ernest Solvay initiated in 1911, we bring great minds together to push the limits of science and innovation for the benefit of our customers, with a diverse, global team of more than 13,000 associates in 30 countries.
Our solutions contribute to safer, cleaner, and more sustainable products found in homes, food and consumer goods, planes, cars, batteries, smart devices and healthcare applications. Our innovation power enables us to deliver on the ambition of a circular economy and explore breakthrough technologies that advance humanity.
Learn more at www.syensqo.com.
Contacts
Safe harbor
This press release may contain forward-looking information. Forward-looking statements describe expectations, plans, strategies, goals, future events or intentions. The achievement of forward-looking statements contained in this press release is subject to risks and uncertainties relating to a number of factors, including general economic factors, interest rate and foreign currency exchange rate fluctuations, changing market conditions, product competition, the nature of product development, impact of acquisitions and divestitures, restructurings, products withdrawals, regulatory approval processes, all-in scenario of R&I projects and other unusual items. Consequently, actual results or future events may differ materially from those expressed or implied by such forward-looking statements. Should known or unknown risks or uncertainties materialize, or should our assumptions prove inaccurate, actual results could vary materially from those anticipated. The Company undertakes no obligation to publicly update or revise any forward-looking statements.
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251114_Hybrid first call_EN
2025-11-14 07:411mo ago
2025-11-14 02:301mo ago
Siemens Energy expects low triple-digit million euro tariff hit in 2026
Siemens Energy expects U.S. import tariffs to deliver a hit of at least 100 million euros ($117 million) next year, but less than the roughly 200 million euros it saw in 2025, the group's finance chief Maria Ferraro said on Friday.
2025-11-14 07:411mo ago
2025-11-14 02:341mo ago
Meta's Capex Plans Could Lead To Their iPhone Moment
Analyst’s Disclosure:I/we have a beneficial long position in the shares of META, GOOG, MSFT, AMZN 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.
2025-11-14 07:411mo ago
2025-11-14 02:351mo ago
Valeura Energy Inc. Announces Third Quarter 2025 Results
CALGARY, AB / ACCESS Newswire / November 14, 2025 / Valeura Energy Inc. (TSX:VLE)(OTCQX:VLERF) ("Valeura" or the "Company") reports its unaudited financial and operating results for the three and nine month periods ended September 30, 2025. Q3 Highlights Oil production of 23.0 mbbls/d(1) and oil sales of 2.2 million bbls; Average realised price of US$72.1/bbl, generating revenue of US$155.7 million; Adjusted EBITDAX of US$80.7 million(2) and adjusted after tax cashflow from operations of US$73.2 million(2); Cash and net cash balance as of September 30, 2025 of US$248.4 million(2,3), with no debt; Adjusted working capital as of September 30, 2025 of US$275.2 million(2); Successful ten-well drilling campaign at block G11/48, resulting in a production increase to 24.8 mbbls/d at quarter-end(1,4); Major offshore acreage expansion through strategic farm-in agreement in the Gulf of Thailand(5); Continued progress on the Wassana field redevelopment project; and Recognised by Report on Business Magazine as Canada's No.
2025-11-14 07:411mo ago
2025-11-14 02:381mo ago
Supermarket Income REIT pushes deeper into France with Carrefour deal
Supermarket Income REIT PLC (LSE:SUPR, OTC:SUPIF)has bulked up its presence in France after snapping up a large portfolio of Carrefour supermarkets for €123 million, marking its biggest continental move to date and completing the redeployment of cash raised earlier this year.
The company said it had acquired 20 supermarkets from Carrefour through a direct sale-and-leaseback agreement.
These are long-established stores with strong trading records and form part of the French retailer’s “Drive” network, which handles online grocery orders.
Because sale-and-leaseback deals involve a retailer selling property but continuing to rent it, they are often used to release capital while keeping stores in place.
Supermarket Income REIT highlighted several features it believes make the deal attractive: the portfolio is spread across France, sits in areas with limited competition and carries average rents of €9.70 per square foot.
The stores, averaging about 44,000 square feet each, are valued at €139 per square foot, which the company said is well below their estimated replacement cost.
The leases run for an average of 12 years, with a break option for Carrefour in year 10, and include uncapped annual inflation-linked rent reviews. On completion, the portfolio delivered a net initial yield of 6.6%.
A yield in this context represents the annual rental income as a proportion of the purchase price, helping investors gauge the potential return.
The purchase has been financed through the company’s existing revolving credit facility. Borrowing in euros is capped at an all-in cost of 3.5% until June 2030, giving the deal a comfortable buffer between income and financing costs.
After the acquisition, loan-to-value, a common measure of borrowing relative to the value of assets, stands at 40%.
The group now owns 46 Carrefour stores in total, which it says gives it meaningful scale in France. If it deploys its remaining debt capacity into its current pipeline, the company expects Carrefour-related assets to account for about 10% of its overall portfolio.
The deal also completes the redeployment of roughly £200 million raised in an April 2025 joint venture with Blue Owl Capital. The company said the proceeds have been placed into assets yielding an average of 6.6%, with the joint venture supplying additional fee income.
Rob Abraham, chief executive of Supermarket Income REIT, said: “I am delighted that we have now taken our French exposure to scale through another direct sale and leaseback transaction with Carrefour as we continue to recycle capital into earnings-enhancing opportunities that further diversify our portfolio.
SUPR is targeting a number of attractive UK pipeline transactions in the coming months, supporting the delivery of a fully covered and growing dividend over the long term.”
2025-11-14 07:411mo ago
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Askari Metals begins copper-gold hunt in Ethiopia - ICYMI
Askari Metals Ltd (ASX:AS2) earlier this week provided an update on its copper and gold exploration activities at the Nejo project in Ethiopia.
The company said the campaign is its first reconnaissance-style program at Nejo. It will focus on validating historical RC drill collars and targeting high-priority prospects in the south, including Guji 1 and Komto 2.
Askari Metals told investors that the campaign also includes work in the northwest at the Katta prospect. It highlighted that historical drilling there intersected 140.8 metres at 3.2% copper, ending in mineralisation. The company noted that these results have not been followed up since the 1970s. It said the area could potentially host a large VMS-style system.
The company confirmed that preparations are underway for a planned drilling program in Q4 2025. It is currently securing a rig, crew, and consumables.
Askari said the current work is designed to lay the groundwork for future drilling. It stated that the Guji 1 and Komto 2 corridor is a 9-kilometre mineralised strike that remains open in both directions.
Executive Director Gino D'Anna said the company could reach a maiden resource within 12 months. He explained that work to clean and analyse the historical exploration database has allowed the company to refine its targeting.
Askari added that the Nejo licence covers 1,200 square kilometres, with multiple additional targets that may be assessed over time. It said the current phase is the beginning of a longer-term program that will expand as the company grows its human and capital resources.
D'Anna said the exploration program would likely generate continuous updates over the next two to three years.
Proactive:
Askari Metals has kicked off a copper and gold exploration program at the Nejo project in Ethiopia. For more on this, I’m joined by the company’s Executive Director, Gino D'Anna. It’s been a while — how are you?
Gino D'Anna:
Doing well, thank you so much.
Proactive:
Good to see you again and have you back here at Proactive. Now, the team is targeting gold in the south at Nejo and copper in the northwest, and this is part of a dual-track program. How important is this exploration?
Gino D'Anna:
This exploration campaign is a very important program for the company, given that it's our first reconnaissance-type exploration program. It's going to be important to validate and verify those historical RC drill collars, particularly on what we call the Guji-Gudeya trend in the southwest of the licence, which hosts high-priority drill targets — Guji 1 and Komto 2.
That’s vital for the company to mobilise a rig onto those three prospects as part of the next phase of exploration. We're also going to be exploring the Anolekola trend, again in the southwest licence. There’s a lot of historical drilling and trenching in that area, but nothing was ever followed up cohesively or systematically — so that’s the opportunity for Askari.
This is about opening things up, getting the company’s intellect and knowhow into the project, and verifying what we’ve read in historical reports with actual field testing.
Now, in the northwest at Katta, we’re talking about high-grade copper mineralisation. People might remember the drilling from the 1970s — 140.8 metres at 3.2% copper, ending in mineralisation. Those holes have never been followed up. So again, that’s a key catalyst — pursuing these high-grade zones. Also, looking at the geological style, the Katta area could potentially be a very large VMS system, which has never been examined historically. That’s a key focus for us.
Proactive:
This program will essentially lay the foundation for your upcoming drilling campaign, which is planned for Q4 of 2025. Are we still on track for this?
Gino D'Anna:
We are. Administratively, we’ve got the process underway to secure the drill crew and the rig. As I mentioned, drilling is going to be focused predominantly in the Guji 1 and Komto 2 area — that's a 9-kilometre strike zone, continuously mineralised and still open in both directions.
So we’re running this exploration program in tandem with the administrative process — lining up rig, consumables, operators, and so on. Then we’ll be able to lock in a start date and update investors and shareholders accordingly.
Proactive:
It’s quite an exciting program. It could fast-track the company towards a maiden resource. How soon could that take place in your opinion?
Gino D'Anna:
Given the breadth of data we’ve got, and the time we've spent refining the historical exploration database, we think we can definitely fast-track it. I’d say we could be at the resource stage within 12 months.
Then it’s a matter of applying technical and economic feasibility analysis. But more importantly, this is one piece of the puzzle. What I mean is that the program will continue to evolve and expand.
We’ve got 1,200 square kilometres. There’s no shortage of exploration targets. The plan is to focus on an area to begin with, and then expand as we increase our human and capital resources. It’s going to be a very busy period for the company — and it starts now. I can see this running for the next two or three years. We’ll have no shortage of information and activity in the field.
Proactive:
It’s good to see the Nejo project starting to ramp up. There’s a lot happening on the ground, which I think will keep investors very engaged heading towards the end of the year. Askari Metals Executive Director Gino D'Anna, thank you for the updates — and best of luck with your upcoming trip to Ethiopia.
Gino D'Anna:
Thank you. It's always a pleasure to be with you.
2025-11-14 06:411mo ago
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Tether Dominance Surges to Highest Since April. What Does it Mean?
Tether Dominance Surges to Highest Since April. What Does it Mean?Tether becomes more dominance as BTC loses ground. Nov 14, 2025, 5:21 a.m.
Tether’s dominance in the cryptocurrency market has risen sharply, reaching its highest level since April, underscoring the risk aversion in the broader crypto market.
Tether is the world's largest dollar-pegged stablecoin, trading at a market capitalization of $184 billion at press time. While the stablecoin is widely used to fund crypto purchases and for lending and borrowing activities, it's also a dollar equivalent within the crypto market, serving as a preferred store of value during turbulent times.
STORY CONTINUES BELOW
In other words, investors tend to park money in USDT and other dollar-pegged stablecoins when the market wilts. And the crypto market has been under pressure lately, with market leader bitcoin losing 11% this month to $97,630.
Historically, bear markets have been marked by sharp increases in tether dominance, as traders seek to preserve capital. The onset of these bear markets often coincides with renewed bullish momentum in USDT dominance, as reflected by the MACD histogram's crossover above the zero line (below left).
BTC vs Tether's dominance. (TradingView/CoinDesk)
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Bitcoin Spot ETFs See $869M Outflow, Second-Largest on Record
37 minutes ago
Investors have pulled out $2.64 billion over three weeks
What to know:
U.S.-listed spot bitcoin ETFs saw massive outflows Thursday as the spot price fell below $100,000. These funds have collectively witnessed an outflow of $2.6 billion in three weeks. Read full story
Matthew Sigel, the director of research for digital assets at VanEck, recently riled up the XRP community by implying that the popular altcoin does not actually have any utility.
2025-11-14 06:411mo ago
2025-11-14 00:251mo ago
Here's why the XRP price is crashing as XRPC ETF inflows soar
The XRP price remained under pressure on Friday, mirroring the performance of Bitcoin and other assets. Ripple dropped for four consecutive days, reaching its lowest level since November 10. It dropped even as the spot XRP ETF launched in the United States.
Canary XRP ETF had a strong debut
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The XRP price remains in a deep bear market after plunging by almost 40% from its highest level this year. This decline happened even as the Securities and Exchange Commission (SEC) approved the Canary XRP ETF (XRPC).
The XRPC ETF had a strong debut, with the first-day volume of over $58 million. It also attracted millions of dollars in inflows as Wall Street placed a bet in the fourth-biggest coin in the crypto industry.
Most importantly, more XRP ETFs will be launched in the coming weeks now that many of them have been listed on the DTCC platform. This includes ETFs by companies like Bitwise, Franklin Templeton, Invesco, and 21Shares.
Why XRP price dropped after the ETF launch
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The XRP price remained on edge for a few reasons. First, the decline was in line with the performance of the crypto market crash that saw Bitcoin and most altcoins plunge.
Bitcoin price plunged to $97,200, while Ethereum plunged by 10% in the last 24 hours to $3,125. Other top tokens like Binance Coin (BNB), Solana (SOL), Dogecoin (DOGE), and Cardano (ADA). The total market cap of all coins dropped by over 5.4% in the last 24 hours to $3.26 trillion, meaning that investors have lost over $1 trillion this year.
The XRP price is crashing as a sense of fear prevails in the market. Data shows that the Crypto Fear and Greed Index has moved downwards to the fear zone of 22. The state of fear is demonstrated in the performance in the futures market.
Data shows that XRP’s futures open interest dropped to $3.65 billion, down from the year-to-date high of over $10 billion. Falling open interest is a sign that investors are using less leverage to bet on the coin. Historically, cryptocurrencies do well when the open interest is rising.
Another sign is the performance of the futures funding rate, which has remained flat in the past few weeks. It even moved downwards below zero on Friday.
A falling funding rate is normally a sign that investors in the futures market expect the token future price to be lower than the spot one. All this is happening because of the giant liquidation that happened on October 11 when tokens worth over $610 million were wiped out.
Ripple price death cross pattern
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XRP price chart | Source: TradingViewTechnicals have contributed to the ongoing XRP price crash that has pushed it from a high of $3.66 in July to the current $2.29. It has continued to form a series of lower lows and lower highs as the downtrend continued.
Ripple price has now formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages have crossed each other.
The token remains below the Supertrend indicator and the Ichimoku cloud. Therefore, technicals suggest that the XRP price will continue falling as sellers target the next key support level at $2, which is much lower than the current level. A move above the resistance at $2.5 will invalidate the bearish outlook.
2025-11-14 06:411mo ago
2025-11-14 00:301mo ago
ATM Operator Bitcoin Depot Enters Hong Kong, First Expansion Into Asia
Bitcoin Depot launches crypto ATM operations in Hong Kong, marking its first Asia market entry. Bitcoin Depot (NASDAQ: BTM) announces expansion into Hong Kong on Nov.
2025-11-14 06:411mo ago
2025-11-14 00:311mo ago
Canary Capital's XRP ETF records $58M in launch day volume, topping all 2025 launches
Canary Capital’s new spot XRP ETF, trading under the ticker XRPC, made a strong entrance on Nasdaq on Nov. 13, becoming the highest-volume exchange-traded fund debut of 2025.
Summary
Canary Capital’s XRP ETF debuted with $58M in first-day trading.
This marks the strongest ETF launch of 2025 so far.
XRPC is the first U.S. spot ETF offering direct XRP exposure.
The fund generated $58 million in first-day trading activity, edging out Bitwise’s BSOL ETF, which launched last month with $57 million.
The milestone was first highlighted by Bloomberg ETF analyst Eric Balchunas, who noted that among roughly 900 ETFs launched this year, XRPC and BSOL stand far ahead of the pack, with third place over $20 million behind.
A notable launch in a shaky market
The launch landed on a rough day for crypto. Bitcoin slipped under $99,000, and the overall market shed about 3.5%, dropping to $3.43 trillion. Even so, activity around XRPC was strong from the start. About $26 million traded in the first 30 minutes, including about $500,000 on Robinhood within five minutes, and more than $36 million by mid-morning.
Congrats to $XRPC for $58m in Day One volume, the most of any ETF launched this year (out of 900), BARELY edging out $BSOL's $57m. The two of them are in league of own tho as 3rd place is over $20m away. pic.twitter.com/MjsOeceeNb
— Eric Balchunas (@EricBalchunas) November 13, 2025
The product is the first U.S.-listed spot ETF offering direct exposure to XRP, the native asset of the XRP Ledger. Its listing was certified by Nasdaq on Nov. 12, going effective under Section 8(a) of the Securities Act. Because the fund did not receive pushback during its standard waiting period, it was able to move ahead without delay.
What the spot XRP ETF offers
XRPC is a straightforward physical product, holding only spot XRP to track the asset’s real-time price using the CME CF XRP-USD Reference Rate (New York Variant). It carries a 0.50% annual fee and uses Gemini Trust Company and BitGo Trust as custodians.
The sponsor, Canary Capital Group, is a Tennessee-based digital asset firm with prior ETF launches covering Bitcoin, Ethereum, and HBAR. The firm positions XRPC as a simple way for institutions to gain exposure to XRP’s utility in cross-border payments and settlements without handling digital wallets or managing custody risks.
Utility tokens are experiencing a resurgence in popularity. Earlier this month, Canary’s HBAR ETF raised $70 million in its first week, and analysts observe that demand for payment-linked assets is rising.
However, with a correlation to Bitcoin of almost 40%, XRP is still susceptible to macro volatility and wider market swings.
2025-11-14 06:411mo ago
2025-11-14 00:311mo ago
Nearly $5 Billion Bitcoin and Ethereum Options Expire Today Amid A Market on Edge
Nearly $5 billion in BTC and ETH options expire today on Deribit.Max pain levels signal potential price pulls toward $105,000 BTC, $3,500 ETH.Rising implied volatility shows traders expect major short-term market swings.Almost $5 billion in Bitcoin and Ethereum options are set to expire on November 14, 2025, at 8:00 UTC on Deribit. These options expiry could shake the prices of BTC and ETH, potentially moving them toward their respective strike prices as expiration approaches.
Today’s expiry is slightly lower than last week’s $5.4 billion, but the stakes are higher today as the market shows weakness. Therefore, traders and investors should closely watch max pain levels and positioning, both of which could impact short-term price action.
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Bitcoin Options Market Shows Cautious OptimismBitcoin options positioning highlights renewed caution after the pioneer crypto dipped to levels below $100,000 for the second time in a week.
Data on Deribit shows that the maximum pain sits at $105,000, where most traders are bound to suffer the most losses as the options near expiration.
Expiring Bitcoin Options. Source: DeribitMeanwhile, the Put-to-Call ratio (PCR) is 0.63, indicating that there are fewer put options being traded than call options. This inclination suggests a bullish or optimistic market sentiment, as traders are placing more substantial bets on the market to rise.
As of this writing, Bitcoin was trading for $99,092, down by almost 3% in the last 24 hours. Therefore, the bullish bets align with the maximum pain theory, which states that prices tend to move toward their maximum pain (strike price) levels due to the influence of smart money.
A closer look at the chart reveals active hedging, rather than panic, with open interest concentrated near the $95,000 and $100,000 puts (yellow vertical bar) and the $108,000 and $111,000 calls (blue vertical bars), making these key battlegrounds as expiration nears.
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Total open interest stands at 40,846 contracts, with calls (25,121) outnumbering puts (15,725). The notional value exceeds $4.04 billion, reflecting the magnitude of this expiry.
Bullish Sentiment Seen in Ethereum Positioning Ethereum options maintain a defensive stance, trading near $3,224 as of this writing, with max pain close to $3,500. Ethereum options’ notional value sits above $730 million.
The put/call ratio is 0.64, slightly higher than that of BTC, suggesting strong bullish sentiment in the market. This indicates that traders are purchasing significantly more call options than put options, anticipating future price increases.
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Expiring Ethereum Options. Source: DeribitIndeed, the chart above shows call options at 142,333, against only 90,515 put options, translating to a 1.5x+ difference. The total open interest is 232,852.
Meanwhile, today’s options expiry comes amid broader market chaos that goes beyond Bitcoin’s dip below $100,000. Analysts at Greeks.live highlight catalysts such as the recently resolved US government shutdown.
“The US government ended an unprecedented 43-day shutdown, during which a significant amount of economic data was not released on schedule, forcing macroeconomic analysis to rely heavily on projections. The latest CPI data was also not published, significantly amplifying the importance and uncertainty surrounding the next release, as it grants the data agency greater “maneuvering room,” they wrote.
However, they highlight the December Federal Reserve interest rate meeting as the most pivotal event, amid rising uncertainty in macroeconomic data, geopolitical tensions, and the AI boom.
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The analysts also note that both open interest (OI) and trading volume continue to rise in the options market, with a notable increase in out-of-the-money option trades.
This indicates growing divergence among market participants regarding future outcomes, reflected in slight increases across major implied volatility (IV) maturities.
“Block trades have also become more active, skew is moving toward equilibrium, and the short-term curve has become more fragmented,” they explained.
Taking all these factors together, they collectively signal heightened market uncertainty about near-term price movements. Thus, a plausible “reason” emerges as a trigger for a market reversal.
Traders should therefore brace for volatility as these options near expiration, but understand that stability comes after, as the markets adjust to the new trading environment.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
2025-11-14 06:411mo ago
2025-11-14 00:321mo ago
Solana Price Prediction Points to Further Declines as Key Demand Zone Weakens
Solana (SOL) is entering a critical phase in mid-November as market momentum shifts toward the downside. After reaching highs near $172 earlier in the month, SOL has faced a steady wave of selling, losing nearly 10% within days and revisiting the important $155 region. With broader market conditions weakening and technical indicators leaning firmly negative, traders are evaluating whether Solana is headed for a deeper pullback toward $140. A close look at price behavior, liquidity levels, and momentum signals suggests that the short-term Solana price prediction remains bearish.
The Current Market Landscape: Solana’s Struggles Continue
SOL was trading around $155 at the time of writing, a significant drop from last week’s peak at $171.9. This decline has unfolded despite Solana’s strong position in areas such as stablecoin transaction volume and network revenue, which have remained supportive throughout the month. However, these fundamental strengths have not translated into sustained upward price movement.
Instead, Solana has been unable to maintain control of key support zones, resulting in repeated lower highs and lower lows. This structure reflects a classic downtrend that has been forming steadily since the first week of November. Broader market sentiment has also played a role, particularly with Bitcoin hovering around the $102,000 region. When Bitcoin enters periods of uncertainty, altcoins like Solana are often more vulnerable to swift corrections.
Breakdown of Market Structure on the Higher Timeframe
A review of the 1-day chart reveals that Solana recently broke below a symmetrical triangle formation that had guided price activity for several weeks. This breakdown was accompanied by a sharp loss of the $180 support zone, which previously acted as a pivotal area for bullish attempts. The inability to hold this region signaled the end of the earlier consolidation phase and the beginning of a more decisive downward trend.
The pattern that followed included successive bearish waves, each producing new lower lows. This behavior typically signifies persistent selling pressure rather than momentary volatility or a liquidity-driven event. In Solana’s case, indicators such as the On-Balance Volume (OBV) confirmed that sellers were consistently overpowering buyers. As OBV continues to trend lower, it reinforces the idea that the current decline is not accidental but driven by steady distribution.
Adding to this, the Money Flow Index (MFI) remains below 50, indicating sustained negative momentum. When both OBV and MFI point toward seller dominance, it becomes difficult for buyers to initiate meaningful recoveries.
The $145–$155 Demand Zone Faces Renewed Pressure
On lower timeframes, particularly the 1-hour chart, the $145–$155 region stands out as a crucial demand zone. Since November 4th, this area has served as the primary support band that prevented deeper declines. However, as Solana revisits this zone yet again, signs of weakening buyers are becoming more apparent.
Price action within this range has begun to show reduced reaction strength. During earlier retests, SOL produced sharp rebounds, but recent responses have shown shallow bounces, suggesting reduced conviction among traders. Compounding this is the behavior of Bitcoin, which continues to hover near significant psychological thresholds. Any renewed weakness from Bitcoin could place additional pressure on Solana’s demand zone, increasing the chances of a breakdown.
Moreover, the OBV on the lower timeframe has continued its downward trajectory, signaling that buyers are not stepping in aggressively even during local recoveries. The MFI falling below 20 further indicates oversold conditions, but oversold readings alone do not guarantee a reversal, especially when market-wide sentiment leans cautious.
Liquidity Clusters Point to a Deeper Correction
Market liquidity zones often act as magnets for price movements, especially during uncertain or bearish market conditions. According to the latest 1-month liquidation heatmap, notable liquidity clusters exist near the $144 and $140 levels. These liquidity pockets typically attract the market as traders’ stop losses concentrate around such zones.
With current price action leaning bearish, these liquidity areas are well within reach. The heatmap also reveals liquidity extending as low as $120, suggesting that deeper corrections cannot be ruled out if market sentiment deteriorates sharply.
However, the primary expectation remains centered around the $140 level. This area aligns with both liquidity concentrations and historical support zones. A dip to this region is considered likely before any attempt at recovery.
Will Solana Find Support at $140?
While short-term projections remain bearish, the outlook following a retracement to $140 becomes more nuanced. A bounce from this level remains possible if broader conditions stabilize and Bitcoin maintains its footing above the $98,000–$100,000 range. Historically, Solana has responded well when entering key support zones after significant pullbacks, often producing strong recoveries once selling pressure subsides.
Nevertheless, any recovery from $140 would require strengthening volume, improving liquidity flows, and signs of renewed accumulation on indicators like OBV. Without these supportive elements, a bounce may be short-lived and easily disrupted by minor market turbulence.
Short-Term Solana Price Prediction: More Downside Likely
Given the current data, the immediate Solana price prediction appears bearish. The weakening demand zone, declining volume profile, and presence of strong liquidity magnets below the current price all point toward a likely move to $140 in the coming days.
If the $140 region holds, a gradual rebound could unfold, potentially pushing SOL back into the $150 area. Failure to hold $140, however, increases the risk of a slide toward the deeper liquidity zone near $120.
For now, traders should prepare for continued downward pressure, with close attention on the key levels of $155, $145, and $140 as the market shapes Solana’s next directional phase.
Post Views: 11
2025-11-14 06:411mo ago
2025-11-14 00:411mo ago
Pi News: Dual Value System Reveals Pi Network's True Power Behind Market Fluctuations
Pi Network’s price is currently $0.2156, down 4.8% in the last 24 hours, reflecting ongoing market pressure. Experts say reclaiming Pi’s all-time high may be difficult due to structural and market factors.
Why Pi’s Price Faces HeadwindsOne major factor holding back Pi is the daily unlocking of tokens, which steadily increases the circulating supply. As more pioneers gain access to previously locked balances, selling pressure intensifies, making upward price movement harder.
Additionally, Pi’s value depends heavily on real-world adoption and utility. Without clear use cases or mechanisms to encourage long-term holding, demand may struggle to outpace the growing supply. This combination of increasing liquidity and limited external utility makes reclaiming past highs a steep challenge.
Understanding Pi’s Dual Value SystemProfessor and programmer Kamel Kadah, a Pi pioneer, recently introduced a live dashboard for Pi’s Dual Value System, designed to make the network’s dynamics easy to follow. This system measures two types of value: Internal Value, which is stable and ecosystem-driven, and External Value, which reacts to market trends.
The Internal Value, currently at $314,150, represents the value within Pi’s ecosystem, including activity across 127 Pi apps. Stability is extremely high at 99.6%, and internal trading volume reaches $562.8 million with 1.8 million active transactions. This internal value is driven by Pioneer consensus rather than global market speculation, offering a safe and consistent foundation for daily use like buying, selling, or gifting Pi.
The External Value, currently $40.5908, fluctuates with global supply, demand, and economic trends. With 12.4% volatility, Pi is listed on 8 exchanges, and 24-hour trading volume is $40.6 million. The contrast between internal and external values highlights the strength of the Dual Value System: stability within the ecosystem and flexibility outside in the market.
Pi Network’s Growth and StatsPi continues to grow as a digital economy. Currently, there are 142 active apps and 2.4 million daily transactions. About 76% of pioneers have completed KYC, and the network now boasts 59.9 million pioneers. The next Pi Day is just 3.3 days away, marking another milestone for the community.
Bridging the Gap Between Internal and External ValuePi’s internal value is roughly 17.77 times higher than its external market value, with a gap of around $314,087. Analysts say that if current trends persist, the two values could converge within 18 months.
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2025-11-14 06:411mo ago
2025-11-14 00:411mo ago
Ethereum Flashes a Reversal Setup — Now It Just Needs the ‘Mega' Confirmation
Ethereum printed a bullish harami after an 11.5% drop, but whales reducing 10k ETH holdings keep the setup weaker than it looks.The next major test sits at $3,333 and especially $3,650, a supply cluster with over 1.5 million ETH; a close above confirms strength.Losing $3,150 weakens the pattern, and a sharp drop below $3,050 invalidates the reversal.Ethereum price fell nearly 11.5% over the past 24 hours. It has since recovered roughly 2.5%, now trading above $3,230. Yet, the 24-hour ticker still shows a near 6% dip.
The corrective move, however, has printed a bullish reversal pattern on the chart, but the question is whether it can play out while large holders continue to step back.
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Reversal Pattern Appears, but Whale Activity Still Shows WeaknessEthereum has formed a bullish harami on the daily chart. This pattern happens when a small green candle sits inside the body of a larger red candle from the previous day. It often shows selling pressure slowing and buyers trying to regain control.
A similar setup appeared on November 5, but the bounce failed because buying strength faded quickly. That failure puts more weight on the current pattern and whether buyers can sustain momentum this time.
Bullish Pattern Identified: TradingViewWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.
The pressure comes from whale behavior. The mega-whale address count, which tracks the 30-day change in wallets holding over 10,000 ETH, has dropped again. It is now back to the same negative level seen on November 8.
The number of addresses holding 10k ETH has also been falling since November 2. There was a small pickup from November 6 to 11 during a short-lived rebound, but the decline returned immediately after. That decline in holdings coincided with Ethereum’s bearish crossover, a risk we highlighted earlier.
Mega ETH Whales Not Convinced: GlassnodeSponsored
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So even though the bullish harami is active, whales are not supporting the move yet. That keeps the Ethereum price reversal setup weaker than it looks on the chart.
Key Levels Now Decide Whether the Ethereum Price Reversal Expands or FadesIf the bullish pattern holds, Ethereum’s next test sits near $3,333, a short-term level that has limited rebounds this week. That level is mentioned later when we discuss the Ethereum price chart.
The stronger hurdle is $3,650, which requires a 12% move from the recent low. Data from the cost-basis distribution heatmap, a tool that maps where large amounts of ETH last changed hands, shows that $3,638–$3,667 holds one of the biggest supply zones.
Ethereum Supply Cluster: GlassnodeIt contains more than 1.5 million ETH, so clearing it would show strong buyer commitment. This is why the $3,650 level becomes all the more important.
A close above this band would confirm that the bullish harami is working and could open a broader recovery. But if the Ethereum price loses support near $3,150, the pattern weakens fast.
Ethereum Price Analysis: TradingViewA sharp drop below $3,050 would invalidate the structure and allow sellers to push lower, repeating what happened after the failed harami earlier this month.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
2025-11-14 06:411mo ago
2025-11-14 00:461mo ago
Luxembourg Sovereign Wealth Fund Chose Only Bitcoin, ‘There's No Second Best': Finance Minister
Sujha has been recognised as 🟣 Women In Crypto 2024 🟣 by BeInCrypto for her leadership in crypto journalism.
Last updated:
November 14, 2025
Luxembourg has chosen only Bitcoin for its Intergenerational Sovereign Wealth Fund of Luxembourg (FSIL) and does not intend to diversify.
The nation has already allocated 1% of its assets, which is about €7 million, to Bitcoin. Speaking at the Bitcoin Amsterdam 2025, Luxembourg’s Finance Minister Gilles Roth stressed that the nation is keen to be among the first to adopt BTC through its Sovereign Wealth Fund.
“Bitcoin will help shape the future of finance: secure, open and competitive,” the minister wrote on X.
At #Bitcoin Amsterdam.
🇱🇺believes in responsible innovation: from building a trusted home for digital assets to being the first sovereign in Europe to invest in Bitcoin through our Sovereign Wealth Fund. Bitcoin will help shape the future of finance: secure, open and competitive. pic.twitter.com/FD2346qLCd
— Gilles Roth (@RothGilles) November 13, 2025
Minister Roth explicitly noted that though the fund’s investment policy allows for an allocation in any crypto asset, “it has chosen to invest only in Bitcoin.”
“Because, as Michel Saylor once said, there is no second best… and we’re in it for the long haul,” he noted, followed by an instant applause across the room.
“Let Me Be Clear: Luxembourg HODLs” – Finance MinisterThe minister closed his speech with a clear policy stance, emphasizing that the nation plans to hold the crypto.
“Let me be clear: Luxembourg HODLs. We are still very early. I am sure we will still soon follow our lead.”
Luxembourg, being one of the world’s largest cross-border investment hub, manages over €7.6 trillion in funds. “In recent years, a whole range of cross-border fintech companies have set up in Luxembourg,” he continued.
These companies serve as payment gateways, tokenization platforms and regulatory platforms for clients across the globe, Roth added.
In June, crypto exchange Coinbase won a European Union Markets in Crypto Assets license (MiCA) from Luxembourg to offer crypto services across the European Union. However, the exchange’s intended operations in Luxembourg would be relatively less, as reported earlier.
From Flagging Crypto Businesses “High Risk” to Welcoming Digital AssetsSurprisingly, Luxembourg labelled crypto firms as “high-risk” entities for money laundering in its 2025 risk report. The study highlighted how Virtual Asset Service Providers (VASPs) often operate in decentralized environments, complicating oversight.
“Over the past decade, we have built a trusty tone for Bitcoin and digital assets,” Gilles Roth said. In fact, the nation regulated the very first European crypto exchange, Bitstamp, nearly a decade ago.
Luxembourg supports the industry “to make crypto a trusted asset class. We are convinced that the future of finance is digital,” he added, referring to Bitcoin as “digital gold.”
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2025-11-14 06:411mo ago
2025-11-14 00:581mo ago
Bitcoin Prices Plunge Below $100,000 To Reach Lowest Since May
Bitcoin prices dropped below $97,000 on November 13.
Getty
Bitcoin prices declined on Thursday, November 13, falling below the $100,000 and reaching their lowest in over six months.
The world’s largest digital currency by total market value dropped to $96,682.00 late in the day, according to Coinbase data from TradingView. At this point, the cryptocurrency was down roughly 23% from the all-time high of more than $126,300 that it attained in early October.
Further, it was trading at its most depressed value since roughly May 7, additional Coinbase figures from TradingView reveal.
When explaining what drove these latest declines, analysts highlighted multiple factors, ranging from lackluster sentiment to decreased odds that Federal Reserve policymakers will cut the benchmark rate at their next meeting.
Tim Enneking, managing partner of Psalion, was one market observer who spoke to these developments.
“I don’t think the BTC price decline has a single cause, but rather several contributing factors: continued skepticism in many quarters, the ‘bubble’ feeling from all the treasury companies, the predicted end of the bull market in the current four-year cycle, concerns about a macroeconomic slowdown, doubts that interest rates globally (and especially in the US) will be reduced quickly and, finally, bot and automated trading which, particularly around $100k, exacerbates any negative move,” he stated via email.
“Ultimately, though, I think the main reason is simply that BTC has come an enormous way in only 15 years, from pennies to six figures, and the world is trying to wrap its collective, financial mind around that fact,” Enneking noted, stating that investors need to adjust to just how much the digital asset’s value has climbed.
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Greg Magadini, director of derivatives for digital asset data provider Amberdata, also singled out several developments when explaining the latest drop in bitcoin. He emphasized a widespread sell-off in risk assets during a day when major stock indices suffered declines.
The S&P 500 and Dow Jones Industrial Average both fell more than 1.6% on Thursday, according to Google Finance data.
"Post government shutdown, risk-assets are selling-off as all the ‘good news’ catalysts are being used," said Magadini. “Fed easing via FOMC, China/US trade co-operation and a now resolved government shutdown,” he continued.
The analyst commented on the recent gains in the stock market, stating that “Let’s not forget that the AI (bubble?) mega rally has often been single handedly responsible for equity indices rallying.”
“A lot of the AI hype is based on future investment and purchases financed by debt. This competes with strong debt needs from sovereign governments and the ‘Digital Asset Treasuries,’” he stated.
Paul Howard, senior director at crypto trading firm Wincent, also mentioned artificial intelligence, singling out “top signals from many in the AI space (notably Michael Burry) as well as diminishing prospects of a December Fed rate cut” as placing downward pressure on digital assets.
DATs A Downside Risk For Crypto Going forward, DATs, companies that purchase and hold significant amounts of digital currency on their balance sheet, could be a significant downside risk for markets, claimed Magadini.
“If credit markets experience any type of freeze, companies are going to have a hard time refinancing,” he noted. “DATs like MSTR have been reliant on demand for credit to issue convertible bonds to buy BTC.”
“As more companies have come into the DATs market, this demand for credit has only increased,” emphasized Magadini.
“Should there be any kind of bear market in crypto and risk-assets we could see DATs struggle to refinance debt and become forced sellers of their crypto holdings. As crypto is sold, the next tranche of DATs could be forced to sell as well (so-on and so-forth),” the analyst emphasized.
“Although this risk is less pronounced with quality assets (such as BTC) the downward-spiral risk increases for DATs who recently purchased volatile altcoins at peak valuation,” said Magadini.
2025-11-14 06:411mo ago
2025-11-14 00:581mo ago
Crypto Price Analysis November-14: ETH, XRP, ADA, BNB, and HYPE
This Friday, we examine Ethereum, Ripple, Cardano, Binance Coin, and Hyperliquid in greater detail.
Ethereum (ETH)
Ethereum is down 4% this week as the market remains bearish. The price continues to hold above the $3,000 support, but buyers appear absent, which may extend the downtrend.
With sellers in control since the start of November, momentum indicators such as the MACD and RSI are starting to look oversold on lower timeframes, including the 4-hour. A bullish divergence is also appearing, which gives hope for a relief rally soon.
Looking ahead, Ethereum may bounce to recover some of the recent losses, but the resistance at $3,800 could stop any attempts at a significant reversal.
Source: TradingView
Ripple (XRP)
Surprisingly, XRP is up 3% compared to the same period last week. Despite this brief bounce, the momentum remains bearish, and the price is struggling to stay above the $ 2.30 support. The current performance is largely tied to the launch of the first spot XRP ETF this week.
One positive aspect is that the sell volume has been declining since October, which could signal that bears are becoming exhausted. That could allow buyers to return. The key resistance is found at $2.43.
Looking ahead, XRP remains in a challenging position, but there is a real chance that buyers can reverse this trend if the support at $ 2.30 is defended effectively.
Source: TradingView
Cardano (ADA)
ADA remains close to 50 cents despite several attempts to move higher. The bias is bearish, and the price closed the week with a 3% loss. There is simply no force to push the price higher at this time.
While the momentum indicators show some exhaustion on the sellers’ side, this downtrend can continue for some time until buyers return. Key support levels are found at 50 and 45 cents.
Looking ahead, ADA needs to break away from this downtrend. That starts by moving above 60 cents. However, this seems like a challenging task now.
Source: TradingView
Binance Coin (BNB)
Binance Coin lost its sparkle in the past few weeks as its price continues to make lower lows. The price is down 5% this week and has also lost the support at $1,000, which has now become resistance. This is bearish.
The next significant support is found at $900. Should that fail as well, buyers could then retreat to the $800 level. With momentum favouring bears right now, it is unlikely for any recovery to happen any time soon.
Looking ahead, best to let BNB correct and find a key support that can hold before considering any exposure.
Source: TradingView
Hyperliquid (HYPE)
If we zoom out, HYPE has been making lower highs since September. This puts the price action in a bearish trend with strong support around $36. However, repeated tests of this level could lead to a breakdown with lower lows.
At the time of this post, the momentum is bearish and the price closed the week with a 4% loss. The optimism and hype that once characterised this cryptocurrency seems to have vanished. But this could also present an opportunity to accumulate at a discount.
Looking ahead, HYPE needs to hold above $36 to stop the downtrend. Any failure there will see sellers encouraged to continue their pressure.
Source: TradingView
2025-11-14 06:411mo ago
2025-11-14 01:001mo ago
Bitcoin's price falls below $100K, but a major rally could be next – Reasons
Key Takeaways
What’s next for Bitcoin’s price trajectory?
Bitcoin could be exiting its pre-parabolic phase after three years, with a promising rally ahead.
Is there an accumulation trend in play right now?
Inactive supply continues to climb as exchange reserves drop, hinting at ongoing accumulation.
Bitcoin [BTC] has struggled to perform on the price charts recently, oscillating around the $100,000-zone for weeks.
However, recent market dynamics suggest that this consolidation could be ending soon, with Bitcoin poised for a significant rally in the coming weeks.
Bitcoin in a pre-parabolic phase?
Market analyst TechDev noted in a recent analysis that Bitcoin may be nearing the end of its pre-parabolic phase.
The pre-parabolic phase is a period when the asset builds momentum ahead of a major rally. According to chart data, Bitcoin has been in this phase since 2022. This indicator has historically predicted bull and bear markets with strong accuracy.
Source: X
The aforementioned chart also highlighted that the “business cycle signal,” which tracks the start of different market phases, has reached a level that could signal the potential for a major price swing.
While Bitcoin’s price had fallen below $100k at press time, these findings alluded to a semblance of rising bullish sentiment across the market.
Exchange reserves drop, inactive Bitcoin supply rises
That’s not all though as Bitcoin reserves across centralized exchanges (CEXs) dropped sharply too. At the time of writing, the amount of Bitcoin available on exchanges had fallen to 2.38 million – An all-time low.
A sharp decline in exchange reserves usually means that investors are moving their Bitcoin into private wallets for long-term holding, while reducing the supply available for selling.
Source: CryptoQuant
Bitcoin’s one-year inactive supply data also revealed a pattern – Every time the market goes parabolic, inactive supply increases notably.
In 2017 and 2021, during major rallies, the inactive supply rose by 20% and 10%, respectively. Between 2024 and 2025, inactive Bitcoin supply climbed by another 10%, with the same continuing to trend upwards now.
What this means is that more investors are holding onto their Bitcoin, a trend that could tighten supply and drive the price higher.
What are long-term holders doing?
Finally, market data revealed that long-term holders have been gradually offloading some of their assets.
This trend was confirmed by the high Coin Days Destroyed (CDD) value, indicating that long-term holders are moving their coins – Often a sign of selling.
Source: CryptoQuant
Chris Kuiper, Vice President of Research at Fidelity Digital Assets, acknowledged this in a recent post. He noted,
“October’s strong seasonal pattern didn’t hold up, and as the calendar year closes, long-term holders are making year-end tax and positional changes, taking profits where they can.”
However, this might not necessarily spell trouble for Bitcoin. Jeff Park, an investment advisor at Bitwise, is urging investors to see volatility as an opportunity. According to the exec,
“Volatility is coming. Buy Bitcoin.”
Large price swings are often influenced by macro and institutional factors. Maria Carola, CEO of StealthEx, told AMBCrypto,
“The crypto market’s rebound reflects traders positioning for a more normalized macro environment after several weeks of liquidity stress.”
To put it simply, for many investors, the sentiment remains bullish – With a potential rally in sight.
2025-11-14 06:411mo ago
2025-11-14 01:001mo ago
XRP Enters New Phase as Whale Accumulation Gives Way to Retail Volatility – Analyst
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XRP has taken center stage this week as the broader crypto market faces intensified selling pressure. Despite the volatility, a major breakthrough has arrived: Canary Capital’s XRP exchange-traded fund (ETF) has officially received regulatory approval, marking a historic step for the asset.
On November 12, 2025, Nasdaq certified the product for listing, paving the way for trading to begin on November 13 under the ticker XRPC — establishing the first-ever spot XRP ETF on a US exchange.
This milestone represents a turning point not only for Ripple’s ecosystem but also for broader crypto adoption in traditional finance. The approval follows years of regulatory scrutiny surrounding XRP and its legal status, signaling growing institutional acceptance of the asset as a legitimate digital commodity.
While the announcement has reignited optimism among investors, XRP’s price remains under short-term pressure as traders weigh macroeconomic risks and profit-taking from early entrants.
Still, analysts view the ETF launch as a potential catalyst for renewed liquidity and market participation, which could help stabilize sentiment and attract fresh inflows. With trading set to begin imminently, all eyes are now on how XRPC performs in its debut — and how the market reacts.
Whales Front-Run the XRP ETF While Retail Rushes In After the News
According to a recent CryptoQuant report by analyst Woominkyu, the behavior of large investors around the XRP Spot ETF announcement reveals a familiar pattern in crypto markets — whales moved first, retail followed after. Futures data shows that in the days leading up to the ETF’s approval, there was a clear rise in whale-sized orders, indicating that major players had begun positioning early while XRP’s price remained compressed and liquidity was low.
XRP Ledger Futures Average Order Size | Source: CryptoQuant
However, once the ETF announcement went public, retail-sized orders surged, signaling that smaller traders entered the market after the news broke. This dynamic — whales buying early and retail piling in later — often creates a volatile and less predictable environment.
When sentiment-driven buying overlaps with previously informed capital flows, short-term corrections and erratic moves tend to follow.
The launch of the XRPC ETF accelerated this shift, bringing in new participants who had been waiting on the sidelines.
While this doesn’t necessarily mark the end of XRP’s move, it does highlight a transition phase, where the balance of power between institutional accumulation and retail speculation will determine the next direction. The coming weeks will test whether whales choose to hold or start taking profits.
Bulls Find Support at $2.30
The weekly XRP chart shows the asset consolidating near $2.50, holding firm above its key support zone around $2.30 following the recent ETF-driven rally. The launch of the Spot ETF triggered sharp volatility, but the structure now suggests stabilization as the market digests this historic milestone.
Price consolidates around a key level | Source: XRPUSDT chart on TradingView
From a technical perspective, the price remains in a mid-term bullish structure, with the 50-week moving average (blue line) acting as immediate dynamic support. Despite recent corrections from highs near $3.50, buyers have consistently stepped in at lower levels, signaling strong interest from institutional participants following the ETF approval.
A decisive weekly close above $2.70 could open the door for another leg higher toward $3.20–$3.50, where the next resistance cluster lies.
However, if the $2.30 zone fails to hold, the next significant area of demand sits around $1.90, aligning with the 100-week moving average (green line). Given current conditions, XRP appears to be entering a reaccumulation phase, with volatility compressing as traders wait for confirmation of the next move.
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.
2025-11-14 06:411mo ago
2025-11-14 01:001mo ago
Bitcoin Crashes To $98,000 As HODLer Selling Accelerates
On-chain data shows Bitcoin long-term holders have been ramping up their selling recently, a potential reason behind BTC’s fall under $100,000.
Bitcoin Long-Term Holders Have Been Booking Profits
In a new post on X, on-chain analytics firm Glassnode has discussed about the latest trend in the supply of the Bitcoin long-term holders (LTHs). These are referred to as the investors holding their coins for a period longer than 155 days, without selling or involving them in a transaction on the blockchain.
Statistically, the longer an investor holds onto their coins, the less likely they become to sell them in the future. As such, the LTHs with their long holding times are usually considered to be resolute entities.
Despite their resilience, however, there are times when even these diamond hands can decide to part with their holdings. One such time happens to be right now.
As the below chart shared by Glassnode shows, the Bitcoin LTHs have been reducing their supply recently.
How the supply of the BTC LTHs has changed over the past few years | Source: Glassnode on X
This latest wave of selling from the LTHs isn’t their first for the cycle. As is apparent in the graph, these HODLers sold into both the 2024 rallies as well. In between these selloffs, their supply was rising with significant speed.
Something to note is that while LTH selling is instantly registered in the chart, the same isn’t true for buying. When the LTH supply grows, it doesn’t mean any accumulation is happening in the present. Rather, what it implies is that some coins were bought five months ago, which have now been held long enough to clear the LTH threshold.
The last wave of coin maturation into the LTH cohort peaked in mid-2025. Since then, the group has been shedding coins at a variable rate. The latest trend has clearly been that of acceleration, as the below chart visualizes.
The monthly change in the supply of the BTC LTHs | Source: Glassnode on X
The accelerating wave of distribution from the LTHs has arrived as Bitcoin has been suffering from bearish momentum. It’s possible that some of the HODLers are thinking this could be their last chance to take profits, so they have decided to exit.
During the last few days, BTC was trying to hold above $100,000 in the face of this selloff, but the asset appears to have buckled during the past day as its price has breached under the mark.
Historically, bull markets have sustained so long as fresh demand has kept coming in to absorb the selling from the diamond hands, so it remains to be seen whether the price plunge will be met with an injection of demand, or if this selling will lead into an extended bearish phase for Bitcoin.
BTC Price
At the time of writing, Bitcoin is floating around $98,500, down 3% over the last 24 hours.
The price of the coin seems to have been going down in recent days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Glassnode.com, chart from TradingView.com
2025-11-14 06:411mo ago
2025-11-14 01:031mo ago
Bitcoin Bloodbath: Price Falls Below $97,000 — Is the Death Cross Signaling More Downside?
The Bitcoin price is plunging! The levels dropped below the psychological barrier at $100,000 while altcoins display some strength. After marking daily close below $100K for the first time in 5 months, the buyers were expected to step in. But the indecisiveness among them has triggered more bearish action, driving the levels below $97,000. Now, the question arises whether the BTC price has entered a bear market with the Death Cross approaching or the bulls will regain control?
Current Price ActionEver since the Bitcoin bulls were locked at the ATH close to $126,000, they appear to have lost most of their strength. Their inability to defend the interim support validates the bearish claim and raises concerns over the next price action. After printing consecutive lower highs and lows, the price marked an intraday low at $96,712. The price has rebounded to some extent above $97,000, while the fear of a pullback persists.
The trading volume escalated from around $85 billion to above $106 billion as the levels slid below $100K. On the other hand, the open interest continues to plunge, reaching levels close to $66 billion. In general, Bitcoin is showing unusual weakness in Q4, which is usually bullish in the past few years. It is underperforming gold, the S&P 500, and the Nasdaq. The major reason behind the sell-off could be whale exodus, year-end tax moves and rotation into better alternatives.
BTC Price Analysis—Bitcoin Death Cross in Play!Bitcoin price has been forming consecutive higher highs and lows, displaying the inability of the bulls to revive a strong upswing. The token failed to defend the support initially at $115,000, later at $106,800, and is now on the verge of losing $100,000. Another bearish daily close cloud further raises the possibility of a bearish weekly close, which could strengthen the bearish case for the BTC price rally.
Bitcoin is testing a critical confluence of support as the price dips toward the long-term ascending trendline and the $97K–$99K zone. A clean daily close below this level could open the way toward the deeper demand area at $92K–$94K. However, repeated rebounds from this trendline across 2024–2025 suggest buyers may still defend it.
OBV shows weakening volume, signalling reduced bullish conviction, and on the other hand, the 50/200-day MA is heading for a Death Cross. If BTC holds above the trendline, a recovery toward $105K remains possible; otherwise, further downside looks more likely, dragging the levels below $92,000.
Final ThoughtsBitcoin’s drop below $97,000 and the looming Death Cross signal a critical juncture for the market. While previous bearish crossovers were absorbed, current support levels are under greater pressure, and the declining OBV suggests continued selling momentum. Traders should closely monitor the $93,000–$95,000 support zone and watch for volume confirmation before taking new positions. Although this is not necessarily the start of a bear market, the coming days will be decisive in determining whether BTC stabilizes or faces further downside.
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.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
2025-11-14 06:411mo ago
2025-11-14 01:041mo ago
Bitcoin Spot ETFs See $869M Outflow, Second-Largest on Record
Bitcoin Spot ETFs See $869M Outflow, Second-Largest on RecordInvestors have pulled out $2.64 billion over three weeks Nov 14, 2025, 6:04 a.m.
The 11 U.S.-listed spot bitcoin exchange-traded funds (ETFs) collectively bled $869.86 million Thursday, registering their second-highest outflow on record, according to data source SoSoValue.
Investors have pulled out $2.64 billion over three weeks, signaling growing caution and shifting sentiment in the market.
STORY CONTINUES BELOW
Thursday’s outflow coincided with Bitcoin’s fall below the key $100,000 support level and heightened risk aversion on Wall Street. Ether ETFs also registered an outflow of $259.72 million, the highest since Oct. 13.
As of writing, bitcoin traded near $97,500, down over 5% in 24 hours and 11% on a month-to-date basis, according to data source CoinDesk.
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Tether Dominance Surges to Highest Since April. What Does it Mean?
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Tether becomes more dominance as BTC loses ground.
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Tether’s dominance rate has climbed to its highest level since April.Historically, surges in USDT dominance have been hallmark features of bitcoin bear markets.Read full story
While precious metals regain ground and Washington avoids budget paralysis, the crypto ecosystem wavers. Investor sentiment collapses, reaching its lowest level since March. Indeed, alarming technical signals reveal a possible breaking point. In a climate of widespread distrust, the market seems to enter a critical phase where fear now dictates movements. This abrupt trend change raises questions about the solidity of the rebound eagerly awaited by industry players.
In brief
The crypto market is going through a turbulent phase marked by an extreme fear sentiment not seen since March.
The Crypto Fear & Greed Index falls to 15/100, signaling massive disengagement of retail investors.
Experts like BitQuant and Santiment mention a possible capitulation point and imminent reversal.
Social activity around Bitcoin is sharply declining, confirming a climate of widespread distrust.
Extreme fear sets in : a market on the brink of capitulation
While many analysts wonder if the end of the shutdown will really boost the crypto market, the Crypto Fear & Greed Index, a benchmark for measuring crypto investor sentiment, fell to 15 out of 100 last Wednesday, a threshold synonymous with “extreme fear.”
This is its lowest level since March. This level, unprecedented for months, reflects a deeply marked general pessimism across the market. Trader BitQuant highlighted on X : “below 20? I’ve never seen this indicator drop so low. Retail investors must have already left the market.” This statement reveals the growing withdrawal of small investors, often considered an indicator of collective loss of confidence.
Other signals confirm this dynamic of market withdrawal and exhaustion :
Social engagement levels are sharply dropping : according to Santiment, the usually balanced ratio between optimistic (“bullish”) and pessimistic (“bearish”) comments on social media around bitcoin is now significantly lower than average ;
Retail investor disengagement is widespread, contrasting with bitcoin’s current capitalization estimated at 2 trillion dollars ;
Santiment mentions a potential reversal, explaining that “when the crowd turns negative on assets, especially those with high capitalization, it signals we are approaching the capitulation point” ;
Historically, this type of situation often precedes a phase where institutional players or whales recover assets sold in panic, which can then initiate a new bullish dynamic.
This accumulation of weak but converging signals illustrates a pivotal moment: between a market that could hit a technical low and an ecosystem where trust seems durably impaired.
Bitcoin underperforms against gold : a reversed dynamic
While fear dominates trading in the crypto universe, the contrast with the precious metals market is striking. With the end of the shutdown, an event widely anticipated by markets, it is gold and silver that have captured investor attention.
The yellow metal surpassed $4,200 an ounce, driven by speculation around a new $2,000 stimulus check promised by the Trump administration. The Kobeissi Letter summarizes this sentiment : “if $2,000 checks become reality, momentum will accelerate very quickly. Gold and silver always know first.”
In this configuration, the BTC/XAU ratio (bitcoin’s value in gold) threatens to reach its lowest levels in over a year. In other words, despite its colossal capitalization, bitcoin is losing ground to gold, often considered a safe-haven asset. It is also worth noting that the traditional Fear & Greed index, which measures sentiment in equity markets, remains more moderate at 35/100, illustrating the uniqueness of the trust crisis within the crypto market.
This relative decoupling of bitcoin from traditional assets raises questions about its ability to play the role of a safe-haven in an uncertain macroeconomic context. While gold benefits from renewed interest for its perceived stability, bitcoin seems currently unable to fulfill this function in institutional portfolios. The current divergence could fuel a partial reallocation of institutional capital or even extend the period of crypto underperformance against tangible assets.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
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.
2025-11-14 06:411mo ago
2025-11-14 01:221mo ago
Pi Network Price Is Ready for a Major Breakout – Here's Why
Pi Network price continues to trade near $0.22, but the stability behind this price is what has captured market attention. The network is entering its heaviest unlock period until 2027, with 145.7 million tokens scheduled to be released this month and an additional 173 million in December. Normally, such expansion triggers sharp declines, yet Pi has held its structure firmly between $0.18 and $0.22.
This calm market behavior suggests that investors are preparing for the major network developments expected to arrive over the next few weeks. Analysts say this strong base could allow the price to break above the key $0.30–$0.35 resistance area, clearing the path toward $0.50 and higher levels if momentum expands.
Open Mainnet Readiness Becomes Clear as Audits Confirm Network MaturityFresh audit data released on November 12 shows that Pi Network has been functioning almost like a fully open blockchain since early 2025. The audit reports between 202,000 and 350,000 active nodes, stable throughput of 49 transactions per second, a two-second network delay, full RPC and explorer availability, and zero security exploits. This level of performance demonstrates that the network is technically mature and ready for economic activation.
The DEX launch is now the most anticipated moment. All on-chain indicators show that Proposal 20 has been approved, Multisig 15 has executed, and the DEX contract is no longer paused. Activation is expected between November 20 and 22, with an 82.7 to 92.4 percent likelihood of going live on schedule.
Once the DEX activates, Pi will enter a new era of transparent trading, real price discovery, and measurable liquidity conditions that often trigger strong upward moves for emerging digital assets.
Pi has also completed full ISO 20022 compliance, enabling direct compatibility with global banking systems. Banking integration is scheduled to begin on November 22, giving Pi one of the rarest advantages among new digital currencies and expanding its potential for real-world payments and merchant adoption. Combined, these developments signal that Pi is approaching full Open Mainnet much faster than many expected.
Ecosystem Expansion Accelerates as New Tools, Game Updates, and Testnet Performance Strengthen UtilityThe Core Team has released complete documentation for creating tokens on the Pi Testnet, allowing developers to mint assets, set trustlines, build liquidity pools, and host pi.toml files. This moves Pi into a new era of DeFi development, giving builders everything they need to prepare for Mainnet deployment.
Protocol 23 continues to perform smoothly in testing, with extremely low failure rates even under heavy network load. This stability confirms that the Testnet2 upgrade is close and that the Mainnet version of Protocol 23, which enables smart contracts, will follow shortly after. Smart contracts will unlock real utility for Pi, ranging from decentralized applications to real-world integrations.
Meanwhile, Pi’s gaming system has been updated to use transparent market-based pricing. Instead of relying on the Global Consensus Value, the system now converts a fixed $5 fee into Pi based on the current market exchange rate. This shift acknowledges the growing influence of the external market and introduces economic clarity as Mainnet approaches. Users can access games at any time, and while rewards are paused, the change signals the network’s transition toward real-time market interaction.
The Global Consensus Value remains stable at $314,207 per Pi according to on-chain oracle data. While this value does not reflect current market pricing, it continues to act as a community-held benchmark and historical anchor during the pre-Open-Mainnet period. For many Pioneers, it maintains confidence as Pi moves closer to economic activation.
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.
FAQsWhy is Pi Network’s price stable despite large token unlocks?
Pi stays stable because investors expect major upgrades, keeping demand strong even as millions of tokens are released.
When is the Pi Network DEX expected to launch?
The DEX is expected to activate between November 20 and 22, marking the start of transparent trading and real price discovery.
How will ISO 20022 compliance benefit Pi Network?
ISO 20022 lets Pi connect with global banking systems, improving payment compatibility and boosting real-world adoption potential.
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.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
2025-11-14 06:411mo ago
2025-11-14 01:241mo ago
SUI Price Prediction: Analysts Say a 10x Rally is Possible From Current Levels
The crypto market today has been under pressure after a sharp 5.2% drop, and Bitcoin slipping below $97,000 has only added to the fear. But in the middle of all, one coin is suddenly grabbing all the attention, SUI.
According to the well-known crypto trader Michael van de Poppe, SUI price might be setting up for a massive comeback, the same zone that triggered huge rallies in the past, with some traders even eyeing a move toward $20.
SUI Price Shows Signs of RallyCrypto trader Michael van de Poppe shared a new weekly chart showing SUI sitting right on top of a major long-term support area, calling it a classic setup for a strong reversal.
According to him, the token is trading far below its 20-week moving average, leaving a wide gap that suggests SUI may be significantly undervalued.
He also pointed out that the last time SUI showed a similar setup, back in March and April 2025, it delivered more than 100% gains right after touching these levels.
Sui Key Price TargetsBased on his chart, he added two important upside targets if SUI begins to recover,
First target zone: around $2.70–$2.90Second target zone: near $3.27These levels mark SUI’s next major resistance points, and breaking above them could confirm a stronger trend reversal.
Why SUI Is Attracting Long-Term InterestBeyond the chart patterns, what excites analysts the most is SUI’s growing ecosystem. The network has been expanding steadily in the Web3 and DeFi space, but the recent launch of USDSui, a fiat-backed stablecoin issued by Stablecoin, a Stripe company, has drawn attention to a new level.
Van de Poppe said his visit to New York Blockchain Week made it clear that institutional appetite is increasingly centered around stablecoins, especially after new regulatory clarity under the Genius Act.
With SUI becoming a stronger player in that area, many analysts believe this could push long-term demand upward.
Supporting Van de Poppe’s call, crypto analyst Ali Martinez shared that SUI has finally returned to a bullish structure on the weekly chart. He noted that the token is forming a higher low, often the first sign of an upcoming reversal.
The last time SUI touched the bottom of this same price channel, it went on to rally 1,060%. If the pattern repeats, Martinez believes SUI could jump as high as $20, an increase of more than 860%.
For now, SUI is trading around $1.81, reflecting a drop of 10%, but analysts say this dip may simply be part of a larger setup forming beneath the surface.
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.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.