Market Signal Briefing

Two months ago, Oracle's stock had its best day since 1992, soaring 36% to a record after the company blew away investors with its forecast for cloud infrastructure revenue.

Since then, the company has lost one-third of its value, more than wiping out those gains. Midway through November, the stock is on pace for its worst month since 2011.

The hype was sparked by Oracle's strengthening ties to OpenAI. But the mood of late has turned, with investors questioning whether the AI market ran too far, too fast and whether OpenAI can live up to its $300 billion commitment to Oracle over five years.

"AI sentiment is waning," said Jackson Ader, an analyst at KeyBanc Capital Markets, in an interview.

Ader said that of the big cloud companies in the GPU business, Oracle is expected to generate the least amount of free cash flow. To fund the capex required for Oracle's business, Ader expects Oracle to turn to more creative financing tools.

Oracle is looking to raise $38 billion in debt sales to help fund its AI buildout, according to sources with knowledge of the matter who asked not to be named because the information is confidential. Bloomberg reported on the planned debt raise last month.

Read more CNBC reporting on AIThis Meta alum has spent 10 months leading OpenAI's nationwide hunt for its Stargate data centersAI Sam Altman and the Sora copyright gamble: 'I hope Nintendo doesn't sue us'Anthropic launches Claude Sonnet 4.5, its latest AI model that's 'more of a colleague'Sam Altman on worries about OpenAI’s $850 billion in planned buildouts: ‘I totally get that’The company needs a massive pool of capital as it works with partners to develop and lease data centers across Texas, New Mexico and Wisconsin, while also buying hundreds of thousands of graphics processing units (GPUs) from Nvidia and Advanced Micro Devices to run AI models.

At Oracle's big annual conference in October, called AI World, tech enthusiasts cheered the company's cloud infrastructure design as being easily scalable. Investors remained largely enthusiastic at the time, thanks to Oracle's over $450 billion in signed contracts that hadn't yet been recognized as revenue.

Skepticism started to hit shortly after the conference. Oracle shares fell 7% on Oct. 17, as investors questioned the company's ability to reach its lofty outlook announced at its investor day. Oracle said it expected to reach $166 billion in cloud infrastructure revenue in the 2030 fiscal year, up from $18 billion in fiscal 2026. 

Oracle's next quarterly earnings report is expected in mid-December.

Andrew Keches, an analyst at Barclays, said off-balance sheet debt facilities and vendor financing are two options for Oracle. Keches recently downgraded Oracle's debt, citing the company's "significant funding needs."

"We struggle to see an avenue for ORCL's credit trajectory to improve," Keches wrote in a note to clients this week.

Oracle bulls point to founder Larry Ellison's long and storied track record. A hedge fund manager who asked to remain anonymous told CNBC that Ellison is "someone you don't want to bet against."

And Rishi Jaluria, an analyst at RBC Capital Markets, said in an interview that Oracle could rebuild its momentum in the market with more AI deals. However, Jaluria currently has a hold rating on the stock.

As more investors look to hedge their bets, Oracle's 5-year credit default swaps have climbed to a 2-year high, a level that's not alarming but worth watching, credit analysts told CNBC. Credit default swaps are like insurance for investors, with buyers paying for protection in case the borrower can't repay its debt.

Barclays recommended clients buy Oracle's 5-year credit default swaps.

Oracle didn't immediately respond to a request for comment. Last month, CNBC's David Faber asked Clay Magouyrk, one of Oracle's two CEOs, whether OpenAI will be able to pay Oracle $60 billion a year. Magouyrk responded, "of course," while also pointing to OpenAI's growth prospects and rapid rise in users.

OpenAI CEO Sam Altman said in a post on X last week that the company will top $20 billion in annualized revenue this year and reach hundreds of billions of dollars by 2030.

Gil Luria, an analyst at D.A. Davidson, told CNBC's "Fast Money" on Wednesday that Oracle represents the "bad behavior in the AI buildout." He contrasted Oracle with Microsoft, Amazon and Google, which he said all have the available cash and customer demand to justify their rapid expansions.

For Oracle, however, there's an overreliance on OpenAI, a cash-burning startup, Luria said. Additionally, he said that gross margins for renting out GPUs are dramatically lower than the roughly 80% margin in the company's core business. Luria has a hold rating on the stock.

In terms of the $100 of stock appreciation that initially followed the last earnings report, "it makes a lot of sense that that's completely gone away," Luria said.

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Pivotree Inc. (PVT:CA) Q3 2025 Earnings Call November 13, 2025 8:30 AM EST

Company Participants

William Di Nardo - CEO & Director
Moataz Ashoor - CFO & Corporate Secretary

Conference Call Participants

Daniel Rosenberg - Paradigm Capital Inc., Research Division
Jesse Pytlak - Cormark Securities Inc., Research Division

Presentation

Operator

Good morning, everyone, and welcome to the Pivotree Third Quarter 2025 Earnings Call. [Operator Instructions]

Before we begin, Pivotree would like to remind listeners that certain information discussed today may be forward-looking in nature. Such information reflects the company's current views with respect to future events. Any such information is subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those projected in the forward-looking statements.

For more information on the risks, uncertainties and assumptions relating to the forward-looking statements, please refer to Pivotree's public filings, which are available on SEDAR. During the call, we will reference certain non-IFRS measures. Although we believe these measures provide useful supplemental information about our financial performance, they're not recognized measures and do not have standardized meanings under IFRS. Please see our MD&A for additional information regarding our non-IFRS measures, including for reconciliations to the nearest IFRS measures.

Now I'd like to pass the call over to Pivotree's CEO, Bill Di Nardo. Bill?

William Di Nardo
CEO & Director

Thank you, Peter. Good morning, everyone. Thanks for joining us on our third quarter 2025 conference call. With me today, as always, is Mo Ashoor, our Chief Financial Officer. As we normally do each quarter, we already published a CEO letter in conjunction with our earnings results. It's available on our website, filed on SEDAR. I'll be covering some of that material today.

So we've now delivered our fourth straight quarter of positive EBITDA. We reported adjusted EBITDA of $1.8 million and

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SummaryDominant mega-caps with low debt deserve investors’ attention.In times of prosperity, waste is common—and often sets the stage for strong cash generation when the cycle turns.Novo is enacted solid counter-measures: the CVS deal, the crackdown on compounders, and aggressive cost cutting.Novo remains a dominant business with a strong pipeline, and current multiples are low enough to justify a buy.Editor's note: Seeking Alpha is proud to welcome Marco Franciamore 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 NVO 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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NEW YORK, Nov. 13, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of RCI Hospitality Holdings, Inc. (NASDAQ: RICK) between December 15, 2021 and September 16, 2025, both dates inclusive (the “Class Period”), of the important November 20, 2025 lead plaintiff deadline in the securities class action first filed by the Firm.

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

WHAT TO DO NEXT: To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) defendants engaged in tax fraud; (2) defendants committed bribery to cover up the fact that they committed tax fraud; (3) as a result, defendants understated the legal risk facing RCI Hospitality; and (4) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the RCI Hospitality class action, go to https://rosenlegal.com/submit-form/?case_id=44953 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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Key Takeaways AI energy demand is expected to surge.Bloom Energy allows data centers to generate reliable, clean, onsite energy.BE is a momentum leader.
Bloom Energy Company OverviewBloom Energy ((BE - Free Report) ) is a clean-energy/fuel-cell provider that designs, manufactures, and installs solid-oxide fuel cell (SOFC) systems that generate electricity onsite. Bloom Energy’s technology converts fuels such as natural gas, biogas, and hydrogen into electricity without combustion, offering high efficiency and low emissions compared to traditional generators.

Bloom Energy: Fueling the AI RevolutionCurrently, the lack of consistent, clean, and sufficient energy is the biggest roadblock for the AI revolution. AI data centers require immense amounts of energy to run the high-performance computers needed to train AI models such as OpenAI’s “ChatGPT” or Alphabet’s ((GOOGL - Free Report) ) “Gemini”.

AMD Analyst Day Suggests AI Computing Demand Remains HighAdvanced Micro Devices ((AMD - Free Report) ) is one of the leading GPU providers. In a recent CNBC interview, AMD CEO Lisa Su suggested AI spending is unlikely to slow, saying: “In the past twelve months, all of our customers have said, demand is accelerating because now we are starting to get real productivity out of the AI use cases. We have all the largest hyperscalers in the world saying that they are investing more in CAPEX because they can see the return on the other side of it.” When asked about whether the CAPEX spending boom is a gamble, Su replied, “I don’t think that it’s a big gamble; it’s the right gamble.”

Wall Street analysts predict that US data center electricity demand will soar into the end of the decade.

Image Source: Bloomberg

Soaring data center energy consumption is likely to lead to backlash for AI companies as US household electricity prices balloon. That’s a bullish trend for Bloom Energy. BE’s onsite and low-cost energy solutions allow big tech companies to generate power onsite and avoid relying on the already overworked US electric grid.

BE: Defying Wall Street Analyst ExpectationsBloom Energy is showing the power of selling the “picks and shovels” to the AI revolution. Over the past four quarters, BE has smashed Zacks Consensus Analyst Estimates by an average of 88.25%.

Image Source: Zacks Investment Research

BE 1St Retreat to 50-day Moving AverageAfter rising 7x in 2025, BE shares are retreating to the 50-day moving average for the first time all year. A tag of the rising 50-day moving average in a leading stock like BE offers investors a fantastic reward-to-risk opportunity.

Image Source: TradingView

Bottom Line

As the AI revolution accelerates, energy demand is emerging as both its greatest challenge and biggest opportunity. Bloom Energy’s innovative fuel cell technology directly addresses this bottleneck.

Solana DAT firm Upexi latest crypto treasury to launch stock buyback program

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Quick Take
Upexi’s board of directors approved $50 million for an open-ended stock repurchase program, intended to boost shareholder value.
Upexi reported total revenue of $9.2 million for its most recent quarter, compared to $4.4 million in last year’s quarter.
Upexi (ticker UPXI) is the latest digital asset treasury company to announce a stock buyback program, according to an announcement on Thursday. The Nasdaq-listed Solana treasury firm's board approved a $50 million repurchase program to acquire outstanding common shares.

"The share repurchase program will enhance Upexi's flexibility to purchase shares of its common stock in the open market, subject to market conditions and other factors," Upexi wrote. "The Company expects to execute share repurchases opportunistically, consistent with its disciplined capital allocation approach and commitment to delivering sustainable, long-term value for shareholders."

Upexi is joining a list of so-called DATs that are looking to bolster their share prices through open-ended buybacks. The trend has accelerated in recent months, particularly among firms acquiring altcoins like Ethereum and Solana that launched this year, like SharpLink Gaming (SBET) and the Solana Company (HSDT).

By and large, crypto treasury firms operate by trying to achieve a positive ratio between their share price and net asset valuation (NAV), the per-share value of their crypto holdings — meaning that when their stocks dip, repurchases can help signal confidence to investors and improve their mNAV metrics.

"This share repurchase program underscores our confidence in Upexi's strategy, balance sheet, and long-term growth trajectory," Upexi CEO Allan Marshall said. "We view the repurchase program as an additional tool to enhance shareholder value and will deploy it only when management believes the repurchase represents an attractive return on capital without compromising our ability to pursue strategic growth or maintain a strong treasury position."

Of note, Upexi reported total revenue of $9.2 million for its most recent quarter, compared to $4.4 million in last year’s quarter, and net income of $66.7 million compared to a net loss of $1.6 million for the year-ago period. The firm launched its SOL acquisition strategy in April and holds more than 2.1 million SOL.

UPXI shares are down 5.03% at press time to around $3.21, according to Google Finance. SOL is trading around $150.

In July, Galaxy Research published a report noting that most DATs appear to be correlated to each other and the underlying crypto market, raising concerns about the danger of a potential marketwide downtrend driven by stock repurchases.

"If redemptions or buybacks become widespread among firms, that could be the beginning of a larger-scale unwind," Galaxy wrote.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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AUTHOR Daniel Kuhn is a Senior Journalist and Editor at The Block, where he covers the crypto industry with a particular focus on tech. He previously served as deputy managing editor of opinion/features at CoinDesk. He first appeared in print in Financial Planning, a trade publication magazine. Before journalism, he studied philosophy as an undergrad, English literature in graduate school and business and economic reporting at an NYU professional program. You can connect with him on Twitter and Telegram @danielgkuhn or find him on Urbit as ~dorrys-lonreb. See More

WHO WE ARE The Block is a news provider that strives to be the first and final word on digital assets news, research, and data. +
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After Bitcoin and Ethereum drew massive institutional inflows, XRP now finds itself at the center of a new round of speculation. XRP price is quietly climbing back into the spotlight as whispers of potential exchange-traded fund (ETF) filings begin to circulate through Wall Street. With several key financial giants reportedly preparing major filings from mid- to late November, traders are watching whether this could trigger the next wave of capital rotation into the token. The timing—and the names involved—might just surprise the market.

As excitement builds, the market is now shifting its focus to a series of critical November dates that could shape XRP’s next major move. Multiple fund managers are lining up potential ETF-related actions, signaling that institutional interest in XRP might finally be turning from rumour to reality. Each filing window over the coming weeks has the potential to influence sentiment—and possibly spark the next leg of XRP’s price momentum.

According to early industry chatter:

Nov 13: Canary may lead the first submission window.Nov 14–18: Franklin Templeton is expected to make its move.Nov 19–20: Bitwise could follow with a key proposal.Nov 20–22: 21Shares and CoinShares join the race.Late November: Grayscale and WisdomTree might round it out.If even a few of these filings reach confirmation stages, it could unleash a surge of institutional liquidity—estimates range up to $1.5 trillion in potential market exposure.

Will This be the Catalyst for XRP Price to Reach $3?XRP is trading around $2.36, holding steady as traders eye the upcoming ETF-related developments expected from mid- to late November. Despite broader market unease, XRP’s structure remains technically resilient, suggesting cautious accumulation is underway. Investors are watching for signals that could determine the next trend shift as price compression tightens near a key descending resistance line. The setup hints that a decisive breakout or rejection in the coming days may define XRP’s short-term trajectory.

The daily XRP price is consistently testing a descending trendline from previous highs, while support builds near $2.25–$2.30. The Directional Movement Index (DMI) shows weakening bullish strength, with ADX suggesting low trend intensity. Meanwhile, the Chaikin Money Flow (CMF) is slightly below zero, pointing to modest capital outflows, reflecting hesitation among buyers. A confirmed move above $2.60 could invite a bullish reversal toward $2.80–$3.00, while failure to hold $2.25 risks revisiting $2.00 before renewed accumulation.

ConclusionAs the XRP ETF approval window unfolds between November 13–22, volatility could spike, potentially defining XRP’s next major move. The token’s resilience above the $2.30 zone shows buyers are still active, but momentum remains capped below the long-term descending resistance. A breakout above $2.60 would confirm bullish continuation toward $3.00, while rejection may trigger another short-term dip. Overall, XRP’s price action remains tightly linked to ETF sentiment—a favorable decision could reignite strong institutional interest.

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

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The XRP market just hit a historic milestone as the first U.S. spot XRP ETF, Canary Capital’s XRPC, officially debuts on Nasdaq, sending bullish shockwaves for the XRP price and other assets in the market.

The launch gives traditional investors direct exposure to XRP through regulated brokerage accounts, and analysts say this could be the spark that propels prices sharply higher in the coming weeks.

XRP's price moving sideways on the daily chart. Source: XRPUSD on Tradingview
First Spot XRP ETF on Nasdaq Unlocks New Demand
Nasdaq has certified the Canary Capital XRP ETF for trading under the ticker XRPC, making it the first fully spot-based XRP ETF in the U.S.

The fund holds XRP directly and tracks the XRP-USD CCIXber Reference Rate Index, offering a simple, regulated way for institutions and retail investors to gain exposure without managing wallets or private keys.

The ETF’s approval comes after the fund completed its Form 8-A filing with the SEC, clearing key regulatory hurdles. Other heavyweights, Franklin Templeton, Bitwise, CoinShares, and 21Shares, also have XRP ETF applications in the pipeline, signaling a second wave of products that could further deepen liquidity and demand.

On-chain data already shows shifting behavior ahead of the launch. Exchange inflows are down, suggesting holders are accumulating rather than selling, even as XRP trades around the $2.39–$2.50 zone and consolidates above support near $2.20–$2.40.

Analysts See ‘Face-Melting’ XRP Price Rally as Technicals Coil
Popular crypto analyst Egrag Crypto believes XRP is entering the final stages of a major consolidation that could lead to an explosive move within 4–6 weeks. Drawing on historical rallies in 2017 and 2021, he notes that XRP is once again forming a large symmetrical triangle, typically a “compression before expansion” structure.

Using Fibonacci projections, Egrag highlights potential long-term targets between $10 and $37, while acknowledging that short-term market sentiment remains cautious.

He argues that impatience and emotional selling often precede the biggest upside moves, and that today’s sideways action is more “preparation” than weakness.

BlackRock Narrative and Macro Tailwinds Add Fuel
Institutional narratives are also lining up behind XRP. At Swell 2025, BlackRock’s Maxwell Stein described the XRP Ledger as a scalable rail for trillions of dollars in tokenized assets and cross-border payments, reinforcing XRP’s status as a utility-driven asset rather than a purely speculative token.

With the Fed’s December rate decision approaching and risk appetite poised to shift, XRP now sits at the intersection of a powerful trio. Fresh ETF inflows, tightening technical patterns, and growing institutional validation.

If these forces align, the XRPC launch may be remembered as the moment XRP’s next major rally truly began.

Cover image from ChatGPT, XRPUSD chart from Tradingview

Journalist

Posted: November 13, 2025

Key Takeaways
What drives ADA’s improving sentiment and early breakout pressure?
ADA gains strength from synchronized crowd and smart-money sentiment, tighter price compression, and rising Taker Buy dominance.

What levels matter for Cardano traders now?
$0.6183 caps upside pressure, while $0.5426 remains critical support during the next breakout attempt.

Cardano [ADA] gained strength as both retail traders and smart-money participants showed synchronized optimism across sentiment dashboards. Crowd sentiment leaned mildly bullish, while smart-money readings showed stronger conviction and pointed to firmer accumulation behavior.

That alignment rarely appeared during corrective phases.

As a result, it added a meaningful psychological boost to ADA’s short-term outlook.

Is ADA preparing for a breakout from its tightening channel?
ADA traded at $0.5650 and continued to compress inside a narrowing descending channel. The structure dominated recent price action.

The price approached the upper boundary of the wedge and attempted to build early breakout pressure.

On top of that, repeated bounces near the $0.5426 support showed consistent defense from buyers.

However, resistance at $0.6183 remained a key barrier. Descending channels often produced decisive moves once volatility compressed long enough.

Source: TradingView

Taker Buy dominance grows
Taker Buy CVD showed buyers absorbing sell-side pressure consistently, and this shift confirmed the presence of active demand in the Futures market.

The cumulative trend favored buyers and strengthened short-term momentum. That activity suggested aggressive participants were using market orders rather than waiting for retracements.

This behavior often marks the start of stronger continuation moves. 

Additionally, the alignment between sentiment and order flow added weight to the emerging bullish structure. Altogether, the market showed improving strength as buyers maintain initiative.

Open Interest rises as traders increase exposure
Open Interest climbed by 2.66% to $681.16 million, and this increase reflected growing participation across Derivatives traders. 

Higher OI usually leads to stronger volatility, and this expansion shows that traders commit more capital to ADA. 

The OI expansion aligned with the tightening price structure, increasing the likelihood of a sharp move once ADA left the wedge.

By contrast, higher OI also increased liquidation risk if the price rejected near major resistance.

Longs dominate Binance positioning
Binance’s Long/Short Ratio showed 69.48% long accounts versus 30.52% short accounts. The account ratio of 2.28 confirmed traders leaned toward upside expectations.

Rising long exposure often reinforced bullish momentum when combined with stronger sentiment and rising OI. However, crowded long positioning could intensify volatility during abrupt pullbacks.

Even so, the positioning data supported a bullish narrative as traders shifted toward upside continuation.

Conclusively, Cardano displayed a rare combination of strengthening sentiment, rising futures demand, expanding Open Interest, and a tightening price structure near a breakout zone.

Since several independent indicators align, ADA is entering a phase where momentum could shift decisively. 

Although resistance at $0.6183 remains critical, the current setup favors bullish continuation if buyers sustain pressure. 

Therefore, ADA holds a realistic chance to push higher once it breaks the descending channel, but bulls must maintain strength at the $0.54 support zone.

Tether provided blockchain intelligence to Thai and U.S. agents, enabling the seizure of $12 million in USDT and the arrest of 73 individuals connected to a sprawling transnational scam network operating across Southeast Asia.

Summary

Tether helped Thai and U.S. authorities seize $12M in USDT from a transnational scam.
Seventy-three individuals were arrested, and additional assets worth over 522 million baht were recovered.

According to a press release dated Nov. 13, the operation was spearheaded by Thailand’s Technology Crime Suppression Division, which worked in concert with the U.S. Secret Service.

The coordinated effort led to the arrest of 73 individuals, including 51 Thai nationals and 22 foreigners, and the seizure of additional assets valued at over 522 million baht. Tether said its involvement provided key blockchain analysis that enabled authorities to trace the movement of the stolen USDT across the digital ledger.

“This operation highlights how blockchain transparency can empower law enforcement to act quickly and effectively against criminal activity,” Tether CEO Paolo Ardoino noted. “We are committed to supporting law enforcement around the world in freezing illicit assets, protecting victims, and ensuring that USDT continues to serve as a transparent tool for global commerce.”

Tether’s ongoing role
Tether’s involvement in the Southeast Asia seizure builds on a broader pattern of collaboration with law enforcement worldwide. Over the past year, the company has supported multiple high-profile operations aimed at halting illicit flows of digital assets.

In June, the U.S. Department of Justice publicly acknowledged Tether’s assistance in a landmark case that led to the seizure of approximately $225 million in USDT. The cooperation deepened this past March, with Tether acting on requests from the U.S. Secret Service to immobilize $23 million in illicit funds connected to transactions on the sanctioned crypto exchange Garantex.

In that same month, the company also moved to freeze an additional $9 million linked directly to the sophisticated attack on the Bybit exchange. The scale of this behind-the-scenes work is further illustrated by Tether’s disclosure that it has now blocked over 3,660 wallets at the request of law enforcement, with 2,100 cases conducted in direct coordination with various U.S. agencies.

According to the release, Tether has provided support to more than 290 law enforcement agencies across 59 different jurisdictions. 

Bitcoin has fallen sharply, dropping under $100,000 per bitcoin to hit its lowest level since May—and fueling fears a bitcoin price crash nightmare could be coming true.

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The bitcoin price has struggled to regain momentum since hitting an all-time high in October, dropping 20% to plunge bitcoin into bear market territory (even as JPMorgan reveals a huge bitcoin bet).

Now, as traders brace for U.S. president Donald Trump to deliver a bitcoin price shock, analysts are scrambling to decode what the data blackout might mean for the coming Federal Reserve interest rate meeting.

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ForbesGoldman Sachs Quietly Issued A Serious Fed Warning As The Bitcoin Price Suddenly Bounces Back

Federal Reserve chair Jerome Powell is stuck in a data blindspot ahead of the December interest rate meeting, with uncertainty piling pressure on the bitcoin price.

Getty Images

“Today was supposed to see the delayed release of the U.S. CPI report from October, but instead it appears the government shutdown has created a black hole in the flow of federal data that may never get repaired," Nic Puckrin, crypto analyst and co-founder of The Coin Bureau, said in emailed comments.

The Fed restarted its interest rate cutting cycle in September after putting it on hold due to fears Trump’s trade tariffs could drive up inflation, delivering two consecutive interest rate cuts but leaving markets clamouring for more.

“This is the worst outcome from the point of view of policymakers—it’s tantamount to walking a tightrope with a blindfold on," Puckrin said. "So it’s no wonder we’ve seen the odds of a December rate cut fall sharply, with just over half of market participants expecting lower rates come December 10, according to the CME’s FedWatch tool.”

Yesterday, it was revealed economic reports for October may not ever be released because of the government shutdown.

“The Democrat shutdown made it extraordinarily difficult for economic economists investors and policy makers at the Federal Reserve to receive critical government data,” press secretary Karoline Leavitt said in comments reported by CNBC.

However, National Economic Council Director Kevin Hassett told Bloomberg that the delayed jobs data for last month will be partially released.

Earlier this week, Goldman Sachs analysts warned the U.S. may have seen the biggest decline in jobs since late 2020 as the Fed trawls for data ahead of its December interest rate meeting—which had been hoped to reigite the bitcoin price bull run.

“Without a clear indication of how the economy is doing, investors may jump to worst-case scenarios,” Puckrin added. "So, as the most uncertain FOMC meeting of the year looms, we could see a further flight to safety and defensive assets. Traders would do well to stay on their toes in the next few weeks, especially if they’re allocating to high-risk assets like bitcoin.”

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ForbesJPMorgan Reveals Huge Bitcoin Bet As It Predicts A $3.5 Trillion Price BoomBy Billy Bambrough

The bitcoin price has dropped sharply, setting off panic that the bitcoin price could see a full-blown crash.

Forbes Digital Assets

Meanwhile, the bitcoin and crypto fear and greed index, a measure of market sentiment, has fallen sharply to “extreme fear" over the last week, dropping by almost 10 points over the last 24 hours alone.

“The cryptocurrency fear index has fallen to 15, its lowest level since 4 March,” Alex Kuptsikevich, FxPro chief market analyst, said in emailed comments and warning it could be an “alarming” signal of things to come.

“Notably, the cryptocurrency market has been left out of the recent rally in precious metals and stock indices. If this is not an attempt by whales to lock in profits from the rally since April or even from the growth of the last two years, then it is an alarming signal of deep-seated risk aversion that is about to manifest itself in larger markets.”

Mempool.space developer and analyst Mononaut has published a detailed critique warning that the proposed “Reduced Data Temporary Softfork” could disable legitimate transaction types across the network.

XRP

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Crypto Journalist

Anas Hassan

Crypto Journalist

Anas Hassan

About Author

Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.

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November 13, 2025

XRP price prediction has taken center stage this week after the first U.S. Spot XRP ETF officially went live, opening for trade under Canary Capital’s XRPC ticker and drawing strong early demand from investors.

According to Bloomberg ETF analyst Eric Balchunas, the fund recorded $26 million in trading volume within its first 30 minutes, marking one of the most active ETF debuts of the year.

Balchunas said the XRPC “has a good shot at beating $BSOL’s $57 million as the biggest Day One volume of any ETF launched this year,” hinting at the growing appetite for regulated exposure to XRP among institutional traders.

XRPC ETF Brings Institutional Access to XRP LedgerIn a November 13 post, Canary Capital described the XRPC as a product designed to provide exposure to XRP, the native token of the XRP Ledger, reflecting the network’s performance across payment and liquidity protocols.

Following the announcement, XRP jumped 3% to reach $2.40, with daily trading volume climbing to $6.24 billion, a 34% increase since the ETF opened for trade.

Bitwise CIO Matt Hougan applauded the launch, calling it a bold step for crypto ETFs and a sign of how sentiment is evolving.

“The median opinion of a crypto asset does not determine an ETF’s success,” he said. “You’d rather have 20% of people love an asset than 80% of people kinda vaguely like it.”

His comment explains XRP’s polarized reputation, often criticized by segments of the crypto community yet consistently supported by a loyal base of investors and developers.

Meanwhile, CryptoQuant data shows that large investors and whales were already positioning ahead of the ETF announcement.

“Before the XRP Spot ETF news, futures data showed a clear rise in whale-sized orders while prices were still compressed,” analysts at the firm observed.

Source: CryptoQuantThis “whales-first, retail-last” pattern is a familiar sight in crypto markets and often signals a shift toward more aggressive price action.

“Once retail enters late, the market typically becomes more volatile and sentiment-driven,” CryptoQuant noted.

XRP Price Prediction: Elliott Wave Setup Points to $5 BreakoutMultiple market analysts now predict XRP could finish 2025 above $3.50, with potential to reach $5 by 2026 if institutional inflows sustain momentum.

The XRP/USD chart displays an Elliott Wave analysis projecting a dramatic bullish scenario.

The chart shows that XRP has completed a five-wave impulse structure from 2013 to 2018 (Wave 1), followed by a prolonged corrective Wave 2 that bottomed around 2023.

The analysis indicates XRP is now in the early stages of Wave 3, historically the most powerful impulse wave.

Source: X/BtcbaloThe projection shows a potential rally toward the $5-6 range, representing over 150% gain from current levels around $2.40

Key Fibonacci extension levels are marked, with the 0.786 extension around $2.20 (already achieved) and the 1.00 extension near $3.5 serving as the next target before the 1.618 extension near $5.5

Maxi Doge (MAXI) Draws $4M as Investors Hunt High-Yield Meme PlaysAs institutional money floods into ETFs, retail traders are turning to presale projects that offer better entry points and strong staking incentives.

One standout is Maxi Doge (MAXI), a meme coin with muscle that’s already raised over $4 million in its ongoing presale.

Unlike typical dog-themed tokens, Maxi Doge pairs meme culture with real staking utility.

The presale runs in staged rounds, with the current price at $0.000268 and small increments between stages, giving early buyers a clear advantage ahead of its DEX listing.

Investors can buy $MAXI using ETH, BNB, USDT, USDC, or a bank card, with no minimum investment, and can stake it immediately for an estimated 78% annual yield.

Visit the Official Website Here

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TL;DR:

Solana ETFs have attracted over $400M in total inflows, extending a multi-week streak.
Institutional investors see SOL as a leading alternative to Bitcoin and Ethereum.
Growing utility, scalability, and stable demand reinforce Solana’s long-term appeal.

Institutional investors are doubling down on Solana as the network’s ETFs continue to attract strong inflows for the second consecutive week. Over $400 million has now poured into Solana-linked products, underscoring its growing appeal among asset managers and traders seeking diversified exposure beyond Bitcoin and Ethereum.

Institutional Momentum Boosts Solana’s Market Presence
The recent surge in ETF inflows has positioned Solana as one of the fastest-rising digital assets among institutional investors. This trend reflects confidence in the blockchain’s expanding ecosystem and performance efficiency, which continues to rival leading layer-1 networks. Analysts note that the steady demand signals a maturing market phase, where traditional finance increasingly embraces alternative crypto assets with strong fundamentals.

Solana’s total ETF inflows have exceeded $380 million this quarter, putting it firmly behind only Bitcoin in global fund interest. This consistency contrasts with outflows seen in other altcoin-based products, suggesting investors view SOL as a high-conviction long-term play. As the crypto market recovers from months of volatility, Solana’s sustained capital inflow demonstrates both resilience and renewed optimism for its ecosystem.

Institutional demand has been fueled by Solana’s growing real-world utility, including decentralized finance applications, non-fungible tokens, and increasing integration with payment platforms. The network’s scalability and low transaction fees continue to attract developers and investors alike, creating a virtuous cycle of adoption and liquidity. With major fund managers now actively tracking Solana’s on-chain metrics, its position in institutional portfolios is becoming increasingly strategic.

Market analysts caution that while the momentum appears sustainable, future inflows will depend on macroeconomic stability and regulatory clarity. Nonetheless, the steady rise in ETF demand reaffirms Solana’s status as a credible and expanding force in the crypto investment landscape. For many, the recent streak of inflows signals a pivotal shift — one where institutional capital is not just experimenting with blockchain, but actively betting on its next frontier.

Crypto isn’t just complicated—it’s a communication challenge. With wallets, DeFi, tokenized assets, and endless trading options, users can easily get lost in the noise. Enter Aguirre Franco, Bitget’s new Chief Marketing Officer.

Summary

Selling crypto is challenging due to its complexity
Marketers need to focus on user experience, pain points, and expectations
The future is in universal exchanges, spanning both crypto and traditional finance

Franco is tackling the problem head-on. In this Q&A, Franco breaks down how exchanges can speak to real users, the rise of “universal” platforms bridging crypto and traditional finance, and why AI-driven tools like Bitget’s GetAgent are redefining what it means to trade—and learn—crypto today.

Crypto.news: Now that you’ve had some time to assess Bitget, how does the exchange approach marketing to potential users, especially those new to crypto?

Aguirre Franco: If you look back two years, there was this sharp divide between centralized and decentralized exchanges. They were like two completely separate camps, with almost no interaction. But that’s changing.

Today, we’re moving toward what we call the universal exchange model. Instead of treating centralized and decentralized systems as competitors, we’re treating them as complementary. Each one offers something valuable.

That’s what attracted me to Bitget. I’ve always appreciated the openness and transparency of DeFi—permissionless access, peer-to-peer trading, etc.—but there are real challenges, too. UX is often poor. Liquidity can be fragmented. And there’s a security layer that centralized systems can offer, which many users still want.

So when we talk about Bitget evolving into a universal exchange, we’re not just throwing around a buzzword. It’s about building a gateway—a single access point—for financial tools that people around the world can actually use.

CN: How do you approach different users, especially those in emerging markets?

Franco: I was born in Mexico City, and I’ve lived in both emerging and developed markets. The contrast is stark. In Europe, you have first-class access to banking and financial products. In many emerging markets, that’s not the case. For a lot of people in Latin America, Southeast Asia, and elsewhere, their first debit card won’t come from a bank—it’ll come from a crypto exchange. Why? Because it’s more accessible.

What Bitget is building is a hybrid platform that lets you access everything: crypto, tokenized stocks, payment rails, DeFi liquidity pools, and even TradFi instruments. One product, multiple layers of financial access.

You get the security and compliance of a centralized platform, combined with the flexibility and variety of assets of decentralized systems. On top of that, we’ve developed something we’re proud of—our AI engine, GetAgent.

CN: What does this AI assistant do?

Franco: GetAgent is an AI assistant built into the platform. But this isn’t Siri. It’s data-driven, trading-focused, and designed to help users—from first-timers to pros—understand the market better.

For someone new to crypto, GetAgent is a game-changer. You can ask it things like, “Is this a good time to buy Bitcoin?” and it won’t just give you a vague answer—it’ll provide technical indicators, market trends, RSI, recent price movements, and sentiment. And if you’re ready, you can say, “Buy $50 of Bitcoin,” and it will guide you through it, all in one flow.

And of course, there are confirmations—you’re always in control. But it goes beyond basic transactions. You can ask things like, “How balanced is my portfolio?” or “What optimizations can I make?” It’s there to help users learn, not just trade.

And it works on both ends of the spectrum. If you’re brand new, it’s educational. If you’re a pro trader, it’s a tool for validation. You can say, “I’m planning this trade—what do the metrics say?” and it’ll surface relevant data in real time.

CN: Crypto exchanges have become a somewhat crowded space. How do you communicate in a way that you stand out from the rest?

Franco: The key is recognizing that exchanges can’t just be trading venues anymore. That era’s done. We’re not here just to list coins and offer trading pairs—we’re building a platform for the broader digital economy.

So yes, we have GetAgent, and we support on-chain access with over two million tokens. We’ve also introduced perpetual contracts for stocks—allowing users to trade tokenized stocks 24/5 using USDT or other stablecoins. It’s fast, efficient, and accessible. That’s a huge differentiator.

But it’s more than features. We’re trying to build a safe, intuitive, and all-in-one financial experience. For example, we have 1.8x proof of reserves and an $800 million protection fund. We’ve also got a 70-person compliance team working closely with regulators to build scalable, future-proof frameworks.

That blend, compliance, innovation, and accessibility is what we believe sets us apart.

CN: You’ve worked across multiple industries—tech, entertainment, hardware. What’s uniquely challenging about marketing in crypto?

Franco: Crypto is complex, and complexity makes storytelling harder. If you’re selling consumer goods, the value is clear. In crypto, you’re often dealing with abstract products—blockchains, tokens, wallets, protocols—and trying to make that relatable to people who may not even be financially literate, let alone tech-savvy.

That’s where my background helps. I’ve sold hard drives and Hollywood movies, and the biggest lesson I’ve learned is: you always need a human connection.

Take Steve Jobs, one of my heroes. He didn’t sell specs, he sold “1,000 songs in your pocket.” That’s what crypto marketing needs: clarity and emotional relevance. Telling someone they can “access permissionless liquidity” isn’t enough. You have to show how that changes their daily life.

So for Bitget, it’s not about listing all the product features. It’s about saying: you can manage your money better, with less friction, from anywhere. That’s what makes people care.

CN: So how do you speak to new users—people who might be skeptical about crypto but have a real use case, like remittances or savings?

Franco: You start with the problem, not the tech. For example, I have two kids. I work long hours and travel a lot. I don’t have time to check price charts every hour. And honestly, I don’t want to.

That’s why features like copy trading matter. You can follow a professional trader and automatically mirror their moves. Or set up trading bots to automate strategies—like, “If this token hits this price, sell X amount.” That way, I don’t miss out, and I don’t sacrifice time with my family.

You don’t market features. You market outcomes. No one cares about what the platform can technically do. They care that they don’t have to stress, they don’t have to learn everything immediately, and they can still participate in opportunities.

We’re building Bitget to reflect that reality—less friction, more intelligence, and tools that adapt to real life.

CN: You mentioned bringing TradFi products into what started as a crypto platform. But now we’re also seeing fintech and TradFi firms moving into crypto. How do you view that competition?

Franco: It’s inevitable. Fintechs and banks are coming into the space, but they’re building on legacy infrastructure. They’re trying to adapt. We were born in crypto—we’re native—and that gives us an advantage.

We’re not trying to retrofit blockchain into old systems. We’re building for what’s next. For example, we offer US stock perpetuals using USDT. That’s faster and cheaper than traditional rails. It’s built for efficiency.

Legacy firms have brand recognition and trust, but that comes with institutional inertia. We have speed, flexibility, and focus. And we’re not just adding crypto—we’re integrating it with tokenized assets, DeFi access, AI tools, and a full financial stack. That’s the edge.

Competition’s always going to be there. What matters is how you differentiate—and in our case, it’s innovation, compliance, and liquidity. That’s the triangle. Liquidity gives you efficiency. Compliance gives you longevity. And innovation is what keeps you relevant. But innovation can’t exist alone—it needs the other two to be sustainable.

CN: Anything else you think gets overlooked in the media?

Franco: Maybe just that this space still needs to stay human. There’s AI, there’s tokenization, there’s tech flying everywhere—but if you forget who you’re building for, it doesn’t matter.

At the end of the day, marketing crypto is about trust, access, and relevance. We’re not just trying to be another exchange—we’re building something people can rely on, whether they’re in Berlin, Bogotá, or Bangkok.

Bitcoin's muted volatility hints at institutional balance, not weakness, according to experts.

Bitcoin (BTC) briefly jumped to $104,000 on Thursday after a dip back below $101,000 mid-week. The recovery comes as the broader market continues to absorb the lingering bearish sentiment from October, which has spilled over into November. The market remains in a consolidation phase, as a result of low volatility and cautious investor activity.

However, analysts suggest that this sideways movement reflects a period of structural adjustment rather than renewed weakness, as traders await stronger catalysts to confirm the next directional move.

Structural Maturity, Not Weakness
Crypto analyst Axel Adler Jr believes Bitcoin’s current phase signals structural maturity rather than weakness. He noted that the decline in the Average Directional Index (ADX) peak values, all the way from 78% to 32%, does not indicate market capitulation but is a pivot from speculative trading to a more institutionally driven model.

In the era of Bitcoin ETFs, Adler explained, the traditional four-year cycle is losing its dominance as impulsive rallies give way to longer consolidation phases and steadier price action.

With Bitcoin currently hovering between $100,000 and $110,000, the analyst highlighted that the ADX balance (+DI/−DI) reflects a market awaiting an internal catalyst, alongside weakening selling pressure from long-term holders and rising volatility in futures markets.

‘Moonvember’ Buzz
Echoing a similar take, Ignacio Aguirre, Chief Marketing Officer at Bitget, expressed optimism about the growing “Moonvember” sentiment surrounding Bitcoin. In a statement to CryptoPotato, Aguirre described BTC’s current sideways movement as a healthy consolidation following recent volatility.

He highlighted that November has historically been one of the strongest months for the crypto market and that upcoming Federal Reserve rate cuts could play a crucial role in boosting liquidity and reigniting investor confidence. Aguirre added that improved liquidity conditions are likely to enhance risk appetite across digital assets, potentially setting the stage for a significant breakout.

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“We’re optimistic about the growing ‘Moonvember’ buzz. Combined with the seasonality tailwind and growing institutional appetite, this backdrop sets the stage for a meaningful breakout that could fuel broader innovation in blockchain and digital assets. Key catalysts remain clearer regulatory frameworks, substantial institutional inflows via ETFs, and global macro shifts such as sustained lower interest rates, each of which would support long-term ecosystem expansion and mainstream adoption.”

Beyond market sentiment and institutional flows, Bitcoin’s underlying network fundamentals also show no immediate signs of miner stress. Alphractal founder Joao Wedson recently said that Bitcoin’s “Hash Rate Momentum Score” remains positive with an upward-trending 90-day moving average. Wedson noted this indicates improving network security and steady confidence among miners despite recent market fluctuations.

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Ripple News

Ripple’s XRP ETF Rings Nasdaq Bell in Landmark Wall Street Debut

TL;DR Canary Capital launched the first spot XRP ETF on Nasdaq, providing regulated exposure to Ripple’s native token. The fund opened at $40 and traded

Ripple News

Canary Capital’s CEO Predicts XRP ETF Will Double Solana’s First-Week Gains

TL;DR Analyst forecasts XRP ETF doubling Solana’s initial investment gains. XRP serves global banking, while Solana attracts retail traders. McClurg cites XRP’s banking partnerships and

Ripple News

Crypto Market Update: XRP ETF Buzz Lifts Price, BTC Stuck at $104K

TLDR Bitcoin retreats to $103,000 despite legislation signed by Trump to reopen the government. XRP leads the market with a 3.5% rise, surpassing $2.50 amidst

Ripple News

First U.S. Spot XRP ETF Poised for Thursday Debut on Nasdaq

TL;DR The first U.S. spot XRP ETF, managed by Canary Capital, is set to begin trading on Nasdaq, pending final SEC approval. The ETF would

Markets

Wall Street Sees Digital Assets Entering Strongest Investment Phase Yet

TLDR Adam Kobeissi foresees Bitcoin at $200,000 in 24 months driven by unique macroeconomic conditions. The divergence at the Federal Reserve and tech spending create

flash news

SEC Filing Clears Path for Canary XRP ETF Launch on Nasdaq

Canary Capital has filed Form 8-A12B with the SEC to register its XRP ETF on Nasdaq, according to Bloomberg analyst Eric Balchunas. This filing enables

Key NotesCanary Capital XRP ETF, XRPC, has now gone live for trading on the Nasdaq exchange. CryptoQuant pointed out that whales acted before the launch of the spot XRP ETF.The US government shutdown did not significantly impact the launch of Canary Capital’s XRP ETF.
Blockchain analytics platform CryptoQuant has pointed out that whales were active before the launch of spot XRP Exchange Traded Funds (ETFs). The firm made this statement following Nasdaq’s move to list Canary Capital’s ETF that will track the price of XRP.

Canary Capital XRP ETF Defies US Government Shutdown
On Nov. 12, Nasdaq noted that it certified the Canary XRP ETF, which can now be traded publicly.

This detail was spelled out in a filing sent to the United States Securities and Exchange Commission (SEC) on Nov. 12. The plan is to list the fund on the Nasdaq platform by Nov. 13 under the ticker symbol XRPC.

Ordinarily, approvals are not expected at this time since agencies are not required to be in full operation. However, the crypto market saw a few ETFs get greenlighted irrespective of the shutdown.

Canary Capital filed to list this spot XRP ETF as far back as October 2024, but did not get a response from the US SEC. At the time, it noted that the fund will track XRP

XRP
$2.40

24h volatility:
2.8%

Market cap:
$144.11 B

Vol. 24h:
$5.94 B

price using the Chicago Mercantile Exchange (CME) CF Ripple index.

The asset manager asserted that the fund would avoid using derivative products for tracking the value of XRP.

This is in addition to being subject to “additional counterparty and credit risks.” Meanwhile, this Canary Capital XRP ETF was one of the five that appeared on DTCC earlier this week. The other four were from Franklin Templeton, Bitwise, 21Shares, and CoinShares

Retail Traders’ Influence on XRP ETF Market
CryptoQuant highlighted that an influx of whales in the XRP market was observed just before the announcement of Canary’s XRPC launch.

Whales Acted Before the XRP ETF — Retail Arrived After, Changing the Setup

“Once retail enters late, the market typically becomes more volatile and less predictable, as sentiment starts mixing with earlier informed flows.” – By @Woo_Minkyu pic.twitter.com/QtsYQnd6yx

— CryptoQuant.com (@cryptoquant_com) November 13, 2025

This hinted at possible early positioning while the price was still compressed. The analytics platform went further to say this situation didn’t matter as much as retail traders are active in the market after the XRP ETF was announced.

“Once retail enters late, the market typically becomes more volatile and less predictable, as sentiment starts mixing with earlier informed flows. The ETF news accelerated this transition by drawing in traders who were not present during the buildup,” CryptoQuant explained.

The Canary XRPC is likely to frontrun the XRP price rebound from the current level at $2.46.

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

Cryptocurrency News, News

Benjamin Godfrey is a blockchain enthusiast and journalist who relishes writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies inspires his contributions to renowned blockchain media and sites.

Godfrey Benjamin on X

Hedera's native token retreats from $0.1817 to $0.1754 despite institutional accumulation.Updated Nov 13, 2025, 4:49 p.m. Published Nov 13, 2025, 4:49 p.m.

HBAR retreated 3.5% from $0.1817 to $0.1754 during Wednesday's session, breaking key support despite institutional flows reaching $68 million through ETF channels.

The token faced rejection at $0.1805 resistance following a morning spike that peaked at $0.1802 on significant volume—79% above daily averages.

STORY CONTINUES BELOW

Volume dried up following the initial morning surge, suggesting institutional buyers stepped back while retail participants drove the late-session weakness. The 4.5% intraday range reflects heightened volatility despite muted cryptocurrency market conditions.

HBAR's price weakness contrasts sharply with institutional positioning through the Canary HBAR ETF, which accumulated $68 million over six trading sessions. Thirteen total ETF filings now include HBAR exposure, signaling growing institutional appetite for Hedera ecosystem exposure.

HBAR/USD (TradingView)

Key Technical Levels Signal Extended Weakness for HBARSupport/Resistance: Critical support at $0.1740 now tested with resistance firmly established at $0.1805 following multiple rejections.Volume Analysis: Morning spike reaching 125.8 million shares marked 79% above averages but generated insufficient follow-through buying.Chart Patterns: Distribution structure confirms bearish momentum with consecutive lower highs signaling continued downside pressure.Targets & Risk/Reward: Immediate targets point toward $0.1720-$0.1700 support zone with upside capped at $0.1805 resistance barrier.Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.

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ICP Advances as Consolidation Holds Below $6.66 Resistance Price

12 minutes ago

Internet Computer trades within a narrow range after an early-volume breakout attempt stalled, keeping the token pinned between key support at $6.05 and $6.66.

What to know:

ICP experienced a 68% above-average volume spike during a test of $6.66 resistance that failed to break through.Activity fell sharply, including several minutes of zero trades, underscoring the current equilibrium.ICP remains bound between $6.05 support and $6.66 resistance as traders await a volume-driven directional move.Read full story

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BNB Chain

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Author

Alejandro Arrieche

Author

Alejandro Arrieche

About Author

Alejandro is a seasoned financial analyst and adept business expert with over seven years of experience in dissecting complex business topics and vital market trends. His insightful writing, which has...

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Last updated: 

November 13, 2025

A powerful on-chain signal just flashed for BNB, sparking renewed confidence in a bullish BNB price prediction as the token eyes a return to $1,000.

The Network Value to Transactions (NVT) ratio has plunged to a 27-month low, suggesting BNB is currently undervalued relative to its growing network activity.

In the past, this has been a contrarian signal. This means that, when the metric drops, the price of BNB starts to rise.

The last time the NVT metric hit a low of around 90, BNB started its ascent from $650 to its all-time high of $1,300.

BNB Price Prediction: Early Bullish Signals Pop Up in the Daily ChartThe daily chart shows that an ascending price channel has formed after BNB hit a key support at $920.

The price has progressively recovered, but experienced some selling pressure right after it hit $1,000. This psychological threshold would be the key resistance to watch in the next few days.

A move above this mark could trigger a much more explosive uptick in the near term.

Although it is still a bit early to tell if this will be the beginning of the next leg up for BNB.

If the price rises above the 200-day EMA, it could retest its all-time high soon, as this is a critical level from a technical standpoint.

Storing and swapping cryptos safely and at a low cost is critical to succeed when investing in cryptos. The Best Wallet Token ($BEST) is a hot crypto presale that powers a thriving ecosystem that includes a top-notch wallet, a decentralized exchange, and additional products that will soon be launched.

Best Wallet Token ($BEST) Offers Discounts on Fees and Exclusive Access to New PresalesBest Wallet is already known for its sleek, mobile-first design and support for over 60 blockchains.

Now, it’s going a step further with the launch of its native token, Best Wallet Token ($BEST).

This token is built to make every part of the Best Wallet ecosystem more rewarding and connected.

Holding $BEST unlocks early access to new crypto presales, exclusive staking rewards, and participation in community votes that shape future updates.

Users can also complete airdropped quests that reward interaction with trending projects and upcoming listings.

Inside the app, $BEST powers other platforms and products, such as The Best DEX, a hub linking over 200 decentralized exchanges, and The Best Card, a crypto debit card currently in development that will simplify crypto spending.

You can buy $BEST by visiting the official Best Wallet website and connecting your wallet (e.g. Best Wallet).

You can easily swap USDT or ETH for the token, or use a bank card to join the presale in seconds.

Buy $BEST Here.

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Canary Capital's XRP (CRYPTO: XRP) ETF has surprised analysts’s expectations by outperforming a recent Solana (CRYPTO: SOL) ETF launch in trading volume, signaling persistent interest for the altcoin.

CryptocurrencyTickerPriceMarket Cap7-Day TrendXRP(CRYPTO: XRP)$2.42$146.02 billion+8.7%Bitcoin(CRYPTO: BTC)$100,893.47 $2.01 trillion-0.6% Ethereum(CRYPTO: ETH)$3,375.81$407.3 billion+2.4% Trader Notes: DonAlt noted he's taking a position in XRP with a tight stop, testing whether the market still has momentum.

Another trader Mikybull Crypto expects one final explosive rally before a cycle top.

Statistics: Canary Capital XRP ETF (XRPC) generated $26 million in trading volume within its first 30 minutes, far surpassing the $17 million estimate by analysts.

At current rates, it could beat the $57 million first-day volume of Bitwise’s Solana Staking ETF as biggest ETF launch of the year — a record for an ETF other than Bitcoin or Ethereum.

XRPC offers exposure to the native token of the XRP Ledger, designed to track network performance across payments and liquidity protocols.

Read Next: 

Time To Sell XRP? These 3 Indicators Scream ‘Take Profits’
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© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TL;DR:

SOL fell 4% ahead of Solana’s Q3 earnings.
Key support is $153-$155; a breach may trigger further decline toward $145.
Positive earnings or ecosystem growth could push SOL toward $160-$163, attracting momentum buyers.

Solana’s SOL token slid to $154 as investors grew cautious ahead of the Q3 earnings release, marking a nearly 4% decline in just 24 hours. Market capitalization stands at $85.47 billion, and daily trading volume is around $5.87 billion, reflecting a slowdown compared to last month’s activity. Traders are carefully monitoring token circulation, upcoming company updates, and liquidity trends, aiming to anticipate potential volatility before the earnings announcement. The market’s reaction will likely set the tone for SOL’s short-term momentum.

SOL Faces Critical $153–$155 Support as Traders Brace for Q3
Support levels between $153 and $155 are under scrutiny as SOL tests near-term stability amid mixed investor sentiment. Analysts warn that a breach could see the token drop toward $145, creating additional pressure on traders with leveraged positions. Holding these levels, however, may attract buyers seeking momentum, especially as Solana’s revenue performance and treasury management decisions are expected to influence SOL’s price trajectory. The interplay between institutional strategy and retail interest is key in these movements.

Solana’s treasury strategy continues to draw attention. Acquisition and holding of SOL tokens by the company aim to reinforce long-term value, while any updates on token allocations, staking programs, or buybacks could trigger rapid market reactions. The ecosystem’s health is measured by both on-chain metrics and investor confidence, which have become increasingly intertwined in recent months.

Derivative markets add another layer of complexity. Open interest in SOL futures remains significant, with larger holders reducing positions while smaller traders accumulate. This mixed activity highlights how institutional and retail behavior may dictate short-term price movements, influencing liquidity and market depth.

Upside potential exists if SOL recaptures the $160–$163 range. Positive earnings and strong support levels could encourage momentum buying, while failure to defend key support might result in heightened selling pressure across the crypto market. Traders will likely react quickly to any hints about the company’s expansion plans or ecosystem growth, affecting broader sentiment.

SOL’s performance offers insight into the Solana network’s resilience. Trading activity in the coming days will test investor confidence, showing whether SOL can maintain its position despite market fluctuations. Analysts emphasize that upcoming developments will be critical in shaping the token’s trajectory.

Ethereum’s slump is squeezing companies that hold it on their balance sheets, even as BitMine stock holds up better than peers. At the same time, ETH has slipped into a “fair value” support zone on the weekly chart, where analysts say the next move could decide whether the downturn deepens.

BitMine holds up as Ethereum treasury stocks extend lossesEthereum treasury companies are sliding, while BitMine remains the main outlier on the chart. Analyst Ted, highlighted that several listed firms holding Ethereum have seen their share prices drop in recent months, reflecting pressure from the broader ETH downturn.

In contrast, BitMine’s stock has held up better than peers. According to Ted, that relative strength lines up with the company’s steady Ethereum purchases, as it continues to add to its holdings while others trade lower.

Ethereum Treasury Stocks Slide BitMine Holds Up: Source: TedPillows

However, he warned that this support may not last if ETH fails to recover. Ted said that if the Ethereum price stays weak, BitMine’s consistent buying could eventually slow as its “buying power” is exhausted, leaving the stock more exposed to the same downtrend facing other treasury names.

Ethereum dips into fair-value zone as chart tests key Fibonacci supportEthereum has moved into what analyst Crypto Rover calls its “fair value zone,” as the token trades near a major Fibonacci support level on the weekly chart. The latest pullback places ETH around the 0.618 retracement area, a region that has repeatedly acted as a mid-cycle pivot in previous market phases.

Ethereum Fair Value Zone. Source: CryptoRover

The chart shows ETH retreating from resistance near $4,875, which lines up with the 1.0 Fibonacci extension. As price slid lower, it returned to the $3,350–$3,450 band, a zone that marks the 0.618 retracement from the previous rally. This level has served as a structural support base over the past two years, reinforcing its significance on long-term timeframes.

Crypto Rover noted that any deeper decline would shift ETH from fair-value pricing into undervalued territory. The weekly chart includes higher extension targets between $6,300 and $9,900, but those projections depend on holding the current support cluster. As ETH consolidates above this range, traders track whether the level can stabilize momentum or if selling pressure pushes price toward lower retracement markers.

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Lido rolled out a buyback plan worth ~$4 million/year at current run-rates and paired it with a roadmap that pushes the protocol beyond staking. At the same time, Strategy (MSTR) slipped below mNAV of 1 and other BTC treasury names are trading at 0.4-0.8x, putting renewed focus on the model. In today’s edition of 0xResearch, we break down the data, the market reaction, and what stood out across sectors.

Indices
Markets slid again despite the optimism that started the week, with the S&P 500 down -0.27%, the Nasdaq down -0.55%, and BTC lower by -1.54%. The flight to safety trend continued, with Gold climbing 1.08% on the day.

Weakness in Big Tech stocks has been the main drag on the tech-heavy indices, while capital continues to rotate into other sectors of the market that have lagged in the recent rallies. The Dow Jones Industrial Average stood out, rising 0.68% on the day and 2.5% for the week.

Concerns around an AI bubble remain in focus after SoftBank sold its entire $5.8 billion stake in Nvidia. Even though CoreWeave beat Q3 sales estimates, its shares slipped on a lower revenue outlook due to data center delays. However, on the earnings call, the company reaffirmed that AI demand still far exceeds available capacity and that it remains supply-constrained.

In crypto, most indices ended the day in the red, dragged down by BTC and broader equity weakness. The standouts were L2s and Memecoins, which gained 0.57% and 0.45%, respectively. L2s were boosted by MNT, up 2.24%, likely driven by excitement around Mantle UR and its positioning in the growing Neobank narrative. The Meme index got a lift from MemeCore, which rose 1.44% on the day.

Laggard categories included Crypto Miners and RWAs, which dropped -4.44% and -7.94%, respectively. The pullback in AI-linked equities spilled into mining stocks, many of which have pivoted toward AI data centers. After a YTD rally of 105.5%, some profit taking in the sector is also to be expected.

Market Update
Doubts are starting to build around the sustainability of treasury companies now that the original pioneer of this playbook, Strategy (formerly MicroStrategy), is trading below an mNAV of 1 for the first time since early 2024. The company’s mNAV multiple has steadily bled lower from a peak of 2.4 following Trump’s election win.

The picture looks even worse for other BTC treasury names, which now trade at mNAV multiples between 0.4 and 0.8. Investors are increasingly skeptical of the model’s long-term viability. Relying on constant equity issuance to buy more BTC has become harder to justify as share dilution begins to outpace BTC accumulation. Many now see these companies as leveraged proxies for bitcoin, rather than efficient ways to gain exposure.

That skepticism is showing up in the data. BTC purchases by treasury companies have slowed dramatically, down from billion-dollar waves every few weeks to more modest weekly buys of $25 million-$50 million recently.

Sometimes simplicity wins. While BTC is up just 0.2% over the past six months, MSTR has fallen -46.7%, and the newer BTC treasury names are down between -30% and -60%. Brutal, to say the least.

Still, it may be too early to write off the trade entirely. If these discounts persist, a GBTC-style opportunity could emerge where investors can acquire BTC exposure at a meaningful discount through public equities. And if there is one company that knows how to survive and adapt through cycles of expansion and contraction, my bet would be on Strategy.

Lido DAO
Following Uniswap’s move to align the Uniswap Foundation and Labs entity and implement a fee switch, Lido is also moving from pure governance into explicit value return for LDO holders. 

A new Liquid Buybacks proposal would route a slice of staking revenue into automated LDO buybacks, executed via NEST auctions and deposited into an LDO/wstETH LP fully controlled by the DAO. The mechanic is straightforward: Once ETH passed $3,000 and annualized revenue over $40 million, 50% of incremental staking inflows above that threshold are used to buy LDO, capped at $10 million per rolling year. At today’s run rate, this translates to roughly $4 million/year in buybacks.

At first glance, this amount looks low. Aave runs a $50 million/year buyback program; Uniswap’s fee switch would have burned $26 million in the last month alone (not adjusted for wash trading). Secondly, the design also buys only when conditions are strong (high ETH price and high revenue) meaning Lido accumulates LDO when it is relatively expensive, while offering no counter-cyclical support during weaker market periods when the token likely suffers most.

However, Lido also outlined where the protocol is heading over the next 18 months, from a single-product staking business to a multi-product liquidity platform anchored by stETH. 

This sets the stage for Expanding Beyond Staking, where Lido evolves from a single-product stETH protocol in 2025 into a multi-product organization in 2026. Lido’s stVaults become the configurable chassis for institutional staking and yield strategies, Earn expands as the simple “default yield” front door for retail and exchanges, and a new tier of structured and automated products sits on top as Lido moves both closer to users (distribution) and rightward into new asset classes.

Ultimately, Lido appears to be converging on the same insight that other LST protocols have already internalized: LSTs are structurally low-margin, and the real opportunity lies in the products and financial rails built on top of them. We see this clearly with Jito’s BAM (block-based auction markets) and EtherFi’s Cash, both of which extend beyond pure staking yield. Lido’s roadmap is a necessary step in that direction.

However, when it comes to buybacks, the P&L dynamics we highlighted previously still apply. The DAO remains unprofitable (Q3 income was -$200,000), raising questions about how impactful these changes truly are today — or if it’s too little, too late for Lido.

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XRP forms a bullish pattern near $2.50 as dominance rises and the first U.S. spot XRP ETF launches on Nasdaq on November 13, 2025.

XRP is gaining attention after showing signs of a pattern change on the charts. The asset is around $2.50 at press time, up 2% over the last 24 hours and 9% in the past week.

With a breakout attempt underway, some market analysts are monitoring whether this shift continues into December.

Pattern Change Suggests Possible Breakout
Analyst ChartNerd posted a chart showing XRP completing a descending triangle, which broke below $2.70 in late October. That breakdown pushed the price into the $2.00–$2.20 area. Since then, XRP has begun forming an ascending triangle. This setup shows rising lows and resistance around the same $2.70 level.

Source: ChartNerd/X
At the current price, Ripple’s token is trading near the upper range of this new structure. “This path could last until December, if so,” the analyst said, pointing to the continuation of the trend if the pattern holds.

As previously reported, XRP formed a cup-and-handle between January and July 2025, with the handle still developing. That earlier breakout suggested a possible move toward $5 before year-end. Failure to hold the ascending support would likely bring the price back to the $2.00–$2.20 range, where it previously found buyers.

Price and Dominance Trends
Analyst Ali Martinez shared a separate 4-hour chart showing XRP trading within a descending channel. This range features lower highs and lower lows. The lower boundary sits near $2.00, which Martinez said could act as support.

“XRP could find support at $2,” the post noted.

If the asset slips below $2.30, further movement toward that area may follow. This level has acted as a bounce point in recent weeks.

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Moreover, according to CRYPTOWZRD, XRP Dominance is showing early signs of recovery. The chart shows a breakout above both a trendline and the 50-day simple moving average. These were the same indicators seen during a prior rally earlier this year.

The metric is now around 4%. While the breakout has occurred, the analyst added, “bulls have work to do,” referring to the need to hold the move. A drop back under the breakout levels could suggest the reversal has not fully developed.

XRP ETF Launch Draws Market Attention
As reported by CryptoPotato, the first spot XRP ETF (with 100% exposure to the asset) in the US began trading on the Nasdaq Global Market on November 13, 2025. The final approval process has cleared, and trading is expected to open with strong market interest.

Meanwhile, this event may bring new institutional demand, but large holders have reportedly been selling into the rally. This could create short-term pressure as new inflows compete with existing supply.

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