Market Signal Briefing

The iconic chipmaker continues to soar to incredible highs.

It's been three years since OpenAI's ChatGPT introduced the world to generative artificial intelligence (AI), and the booming industry shows no signs of slowing down as technology giants continue to pour billions into AI chips and other forms of infrastructure. With shares up by an eyewatering 1,300% over the last half-decade, Nvidia (NVDA +5.82%) is one of the most obvious beneficiaries of this megatrend.

That said, the iconic chipmaker now boasts a market cap of $4.83 trillion, which makes it comfortably the largest company on earth. For comparison, the entire nation of Germany had a gross domestic product (GDP) of just $4.66 trillion in 2024. And while that's not an apples-to-apples comparison, it does show the level of value we are dealing with. Nvidia's massive size is sure to leave investors wondering if further growth is even possible. Let's explore the pros and cons of the stock to decide what the next five years might have in store.

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Business continues to boom
Perhaps the most surprising thing about Nvidia's $4.66 trillion price tag is that it isn't as expensive as it looks when you consider key factors like growth and profitability. Fiscal second-quarter earnings make the company look more like a fast-growing start-up than an established behemoth.

Revenue soared 56% year over year to $46.7 billion, driven by continued strength in the data center segment, where Nvidia sells its most advanced enterprise AI chips like Blackwell. With a gross margin of 72% the company manages to sell its cutting-edge hardware at a tremendous markup. For context, software specialist Microsoft only boasts a gross margin of 69%, despite typically not even selling physical products.

Nvidia maintains its incredible pricing power because of a strong economic moat built around its CUDA ecosystem of software and tools designed to work best with Nvidia hardware. This advantage makes it hard for clients to switch to competitors (like Advanced Micro Devices' MI350x Instinct series), even if they offer similar raw capabilities. Unsurprisingly, the company's bottom line continues to surge, with second-quarter net income jumping 59% year over year to $26.4 billion.

What are the challenges?
With a forward price-to-earnings (P/E) multiple of just 30, Nvidia stock is downright cheap when you look at its current fundamentals. For context, the Nasdaq-100 has an average forward P/E of 28, and few companies on the index can compare to Nvidia's explosive growth and strong moat. That being said, sometimes investors need to look past the numbers.

Even though Nvidia's valuation makes perfect sense compared to its profitability and growth, the company still feels too big for comfort. And there are some compelling reasons why. For starters, there are questions about the sustainability of the chip purchases fueling its growth.

Image source: Getty Images.

According to The Wall Street Journal, tech giants including Alphabet, Meta Platforms, Microsoft, and Amazon spent a whopping $360 billion in capital expenditures over the last 12 months, with much of that going to Nvidia hardware to build out data centers. And while this might not be a traditional bubble, there is a real possibility that this level of spending could slow dramatically if generative AI doesn't turn out to be as profitable as expected. There are some early warning signs.

An August MIT study found that 95% of generative AI pilots fail to create meaningful value for companies. And the industry's frontrunner, OpenAI (a major customer for Nvidia), may have lost a whopping $11.5 billion in the most recent quarter because of the high costs of running its large language models (LLMs). With such dizzying losses, it may be a matter of time before shareholders revolt and companies start reevaluating the amount they are spending on AI hardware. If this happens, Nvidia's growth and margins could quickly come under pressure.

Where will Nvidia stock be in five years?
While Nvidia looks fairly valued compared to its explosive growth and profits, the company is overexposed to the generative AI industry, and that makes the stock riskier than its raw fundamentals might suggest. Potential investors may want to sit on the sidelines for now.

Will Ebiefung has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Meta Platforms, Microsoft, and Nvidia. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

Buffett's investing legacy will continue even after he steps away from Berkshire Hathaway.

It's hard to believe that this is the last quarter that the legendary Warren Buffett will be leading Berkshire Hathaway -- the former textile company that he turned into a massive conglomerate with its fingers in real estate, insurance, railroads, and energy.

Over Buffett's 60-year career, he's also assembled a mighty investment portfolio for Berkshire Hathaway, comprising dozens of companies and valued at more than $300 billion. Buffett's buy-and-hold investment style led Berkshire Hathaway to massive gains, compounding 19.9% annually versus the S&P 500's compounded annual gain of 10.4%.

Buffett, now 95, is retiring at the end of the year, but the lessons he's taught us all will persevere -- find companies with strong management, leading positions in their industries, reliable revenues, and strong histories of earnings.

As you consider your investing portfolio in a post-Buffett world, here are five stocks that provide an outstanding starting point for any portfolio.

Image source: The Motley Fool.

1. American Express
Berkshire Hathaway owns a massive 22% stake in credit card giant American Express (AXP 0.18%) -- notable because its stake in competitors Visa and Mastercard are only 0.4% each. So why does Buffett like American Express so much?

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First, the company has a unique position, in that it caters to a more affluent clientele through its business credit accounts and Gold and Platinum individual credit accounts. Its rewards and benefits, including travel and entertainment experiences, are unmatched. That's why American Express can afford to upcharge its Platinum card annual fee to a whopping $895 -- and why customers are willing to pay it.

Secondly, American Express also makes personal loans, which is a service that Mastercard and Visa don't offer. American Express earned $5.97 billion in the third quarter on interest from loans, providing a meaningful extra revenue stream.

2. Amazon
Buffett famously was late to invest in Amazon (AMZN +1.63%), but he's surely been happy with the investment. Buffett likes companies that have leading roles in their industries, and Amazon fits the bill two ways -- its huge e-commerce division and its industry-leading cloud computing division.

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Amazon.com generated $147.16 billion in revenue from its international and North American sales, but it only has a small 4% profit margin there. Amazon Web Services (AWS) brings in less revenue at $33 billion in the third quarter, but with a profit margin of 34.6%, it's become a moneymaker that is getting stronger every quarter.

Barclays analyst Ross Sandler wrote glowingly about the potential of AWS in a recent research note. "Despite playing a bit of catch-up, AWS has secured significant AI capacity over the next several years," he wrote. "We expect growth to accelerate from here."

3. Apple
Apple (AAPL +0.43%) has long been Berkshire Hathaway's biggest holding. And even though Buffett's team reduced its shares this year, Apple stock still makes up 24.1% of Berkshire Hathaway's overall portfolio, with 280 million shares valued at $75.5 billion.

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Apple's biggest product is still the iPhone, which provided $49 billion of Apple's $102.4 billion in sales for the fiscal fourth quarter of 2025. But the area that I think people underappreciate is the lucrative Services division, which includes the App Store, Apple Pay, Apple Music, and Apple TV. Services brought in $28.7 billion in the fourth quarter, up 15.1% from a year ago.

Apple's revenues have been flat for a couple of years, but it showed improvement in the second half to push annual revenue above $400 billion for the first time.

4. Kroger
Kroger (KR 0.71%) isn't as flashy as others on this list, but I don't think anyone could ever accuse Buffett of being flashy, either. Instead, it's a classic defensive play. Even when inflation is up or the economy is on shaky ground, people are going to need groceries. That's why Berkshire Hathaway's portfolio includes 50 million shares of Kroger stock.

Kroger has more than 2,700 stores and operates brands that include Kroger, Fred Meyer, Ralph's, and Harris Teeter. It also maintains more than 40 food production and manufacturing facilities for making private-label, low-cost products. Kroger has been emphasizing these brands as of late as they are cheaper than name-brand items and give Kroger a bigger profit margin.

These store brands are usually much cheaper than name-brand items and provide Kroger with greater profit margins -- particularly when customers are looking to stretch their grocery dollars.

5. Chevron
Buffett believes in energy stocks, and with Chevron (CVX +0.41%), Berkshire Hathaway has one of the biggest. Its 122 million shares mean Berkshire has a 6% stake in the multinational energy company.

And Chevron is rebounding nicely this year after hitting a low in April. Currently the stock price is up 7% in 2025, despite lower oil prices and global tensions.

Chevron set records in the third quarter for production, with U.S. production up 27% and global production increasing 21% from a year ago. But because prices are lower, Chevron's revenue was down from last year -- it reported $3.53 billion in the third quarter, versus $4.48 billion a year ago. Earnings per share of $1.82 were down from $2.48 in the third quarter of 2024.

While this hasn't been the best year for Chevron stock, it's a solid long-term play. And its dividend yield of 4.5% is a welcome addition to any portfolio.

NEW YORK, Nov. 10, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of DexCom, Inc. (NASDAQ: DXCM) between July 26, 2024 and September 17, 2025, both dates inclusive (the “Class Period”) of the important December 29, 2025 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 29, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to the G6 and G7 continuous glucose monitoring (“CGM”) systems that were unauthorized by the U.S. Food and Drug Administration (the “FDA”); (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) accordingly, defendants’ purported enhancements to the G7, as well as the device’s reliability, accuracy, and functionality, were overstated; (4) Defendants downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, defendants’ public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the DexCom class action, go to https://rosenlegal.com/submit-form/?case_id=28133 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

, /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) announces that it has published its first 2024 Financial Sustainability Report, in line with its commitment to transparency, sustainable value creation, and a fair and equitable energy transition for the country.

This document marks a milestone in the evolution of sustainability disclosure practices by consolidating the content previously presented separately under the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and the metrics of the Sustainability Accounting Standards Board (SASB) into a single report, incorporating reference elements from the International Sustainability Standards Board ("ISSB") framework.

This unified report has been implemented in response to the need to simplify, standardize, and enhance the value of sustainability information disclosed to the market. It is structured around the Ecopetrol's pillars of governance, strategy, risk and opportunity management, metrics, and targets.

The full report is available at the following link:

https://www.ecopetrol.com.co/wps/portal/Home/sostecnibilidad/reportes-estandares/Informesgestionsostenibilidad 

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

For more information, please contact:

Head of Capital Markets
Carolina Tovar Aragón
Email: [email protected]

Head of Corporate Communications
Marcela Ulloa
Email: [email protected]

SOURCE Ecopetrol S.A.

Sangoma Technologies Corporation (STC:CA) Q1 2026 Earnings Call November 10, 2025 5:30 PM EST

Company Participants

Samantha Reburn - Chief Legal & Administrative Officer and Corporate Secretary
Charles Salameh - CEO & Director
Jeremy Wubs - Chief Operating Officer
Lawrence Stock - Chief Financial Officer

Conference Call Participants

Gavin Fairweather - Cormark Securities Inc., Research Division
Suthan Sukumar - Stifel Nicolaus Canada Inc., Research Division
David Kwan - TD Cowen, Research Division
Mike Latimore - Northland Capital Markets, Research Division
Robert Young - Canaccord Genuity Corp., Research Division

Presentation

Operator

Thank you for standing by. This is the conference operator. Welcome to the Sangoma Investor Conference Call. [Operator Instructions]. The conference is being recorded.

I would now like to turn the conference over to Samantha Reburn, Chief Legal Officer. Please go ahead, Ms. Reburn.

Samantha Reburn
Chief Legal & Administrative Officer and Corporate Secretary

Thank you, operator. Hello, everyone, and welcome to Sangoma's First Quarter of Fiscal Year 2026 Investor Call. We are recording the call and we will make it available on our website for anyone who is unable to join us live.

I'm here today with Charles Salameh, Sangoma's Chief Executive Officer; Jeremy Wubs, Chief Operating and Marketing Officer; and Larry Stock, Chief Financial Officer. Charles will provide a high-level overview of the quarter. Jeremy and Larry will take you through the operating results for the first quarter of fiscal year 2026, which ended on September 30, 2025.

Following their presentation, we will open the floor for Q&A with analysts. We will discuss the press release that was distributed earlier today, together with the company's financial statements and MD&A, which are available on SEDAR+, EDGAR and our website. As a reminder, Sangoma reports under International Financial Reporting Standards, IFRS. And during the call, we may refer to terms such as adjusted EBITDA and free cash flow, which are non-IFRS measures, but defined in our MD&A.

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NEWTOWN, Pa. , Nov. 10, 2025 /PRNewswire/ -- Edelson Lechtzin LLP is investigating potential violations of the federal securities laws involving Beyond Meat, Inc. (NASDAQ: BYND), resulting from allegations of providing potentially misleading business information to the investing public.

The private-equity firm plans to seek bids next month for its stake in Southeast Asia school operator XCL Education.

Quest Resource Holding Corporation (QRHC) Q3 2025 Earnings Call November 10, 2025 5:00 PM EST

Company Participants

Daniel M. Friedberg
Perry Moss - Chief Executive Officer & President
Brett Johnston - Senior VP, Secretary & CFO

Conference Call Participants

Gerard Sweeney - ROTH Capital Partners, LLC, Research Division
Aaron Spychalla - Craig-Hallum Capital Group LLC, Research Division
Owen Rickert - Northland Capital Markets, Research Division
Gregg Kitt - Pinnacle Family Office Investments, L.P.

Presentation

Operator

Good afternoon, ladies and gentlemen, and welcome to the Quest Resource Holding Corporation's Third Quarter 2025 Earnings Conference Call. [Operator Instructions] This call is being recorded on Monday, November 10, 2025.

And I would now like to turn the call over to Nick Nelson with Alpha IR Group. Please go ahead.

Unknown Attendee

Thank you, operator, and thank you, everyone, for joining us on the call. Before we begin, I'd like to remind everyone that this conference call may contain predictions, estimates and other forward-looking statements regarding future events or future performance of the company. Use of words like anticipate, project, estimate, expect, intend, believe and other similar expressions are intended to identify those forward-looking statements. Such forward-looking statements are based on the company's current expectations, estimates, projections, beliefs and assumptions and involve significant risks and uncertainties. Actual events or the company's results could differ materially from those discussed in the forward-looking statements as a result of various factors, which are discussed in greater detail in the company's filings with the Securities and Exchange Commission. You are cautioned not to place undue reliance on such statements and to consult SEC filings for additional risks and uncertainties. The company's forward-looking statements are presented as of the date made, and the company undertakes no obligation to update such statements unless required by law to do so.

In addition, this call

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CoreWeave, Inc. (CRWV) Q3 2025 Earnings Call November 10, 2025 5:00 PM EST

Company Participants

Michael Intrator - Co-founder, President, CEO & Chairman
Nitin Agrawal - Chief Financial Officer

Conference Call Participants

Mark Murphy - JPMorgan Chase & Co, Research Division
Keith Weiss - Morgan Stanley, Research Division
Kasthuri Rangan - Goldman Sachs Group, Inc., Research Division
Tyler Radke - Citigroup Inc., Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Brent Thill - Jefferies LLC, Research Division
Raimo Lenschow - Barclays Bank PLC, Research Division
Amit Daryanani - Evercore ISI Institutional Equities, Research Division
Brad Zelnick - Deutsche Bank AG, Research Division
Bradley Sills - BofA Securities, Research Division

Presentation

Operator

Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the CoreWeave Third Quarter 2025 Earnings Call. [Operator Instructions] Thank you.

It is now my pleasure to turn the call over to CoreWeave.

Unknown Executive

Thank you. Good afternoon, and welcome to CoreWeave's Third Quarter 2025 Earnings Conference Call. Joining me today to discuss our results are Mike Intrator, CEO; and Nitin Agrawal, CFO.

Before we get started, I would like to take this opportunity to remind you that our remarks today will include forward-looking statements. Actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are set forth in today's earnings press release and in our quarterly report on Form 10-Q to be filed with the SEC. Any forward-looking statements that we make on this call are based on assumptions as of today, and we undertake no obligation to update these statements as a result of new information or future events.

During this call, we will present both GAAP and certain non-GAAP financial measures. A reconciliation

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Bitcoin is showing early signs of recovery after last week’s sharp dip below the $100,000 mark. Bulls have managed to hold the line, but momentum remains cautious as the market digests a complex mix of profit-taking and structural change. According to top analyst Darkfost, the recent selling activity among long-term holders — or “old whales” — is not necessarily a bearish sign but a natural part of the market’s evolution.

“Yes, it’s true that many old whales are waking up and selling,” Darkfost explains. “But that’s happening simply because they can now.”

In previous cycles, Bitcoin’s smaller market capitalization and lack of deep institutional liquidity made it difficult for large holders to exit without causing severe price disruptions. Now, thanks to the growth of ETFs, deep asset tokenization (DAT), and even government-level participation, these investors can offload large amounts of BTC more efficiently.

This ongoing distribution phase is seen as a healthy process that redistributes coins across new market participants, building a stronger, more liquid foundation for the next leg of growth. While short-term volatility persists, analysts argue that this transition reflects a maturing Bitcoin ecosystem capable of absorbing large flows without structural damage.

Whales Resume Accumulation After Temporary Distribution
According to Darkfost, the broader on-chain picture reveals that Bitcoin’s whales — large entities holding significant BTC balances — remain active participants in this cycle, and many continue to accumulate. The 1-Year Change in Whale Holdings, a key long-term metric, has been steadily increasing since 2023, suggesting that despite recent volatility and headline-driven fear, large players are not abandoning the market.

Bitcoin 1-year Change in Whales Holdings | Source: Darkfost
Zooming into recent activity, however, the data tells a nuanced story. After a strong August rally, when Bitcoin climbed toward $123,000, whale holdings experienced a sharp drawdown — falling from roughly 398,000 BTC to 185,000 BTC by October. This period aligned with profit-taking and renewed selling from older cohorts, as prices reached psychologically significant resistance zones.

Yet, by early November, the trend shifted again. Whale accumulation resumed, with holdings rising to about 294,000 BTC. This rebound suggests that while some early whales are distributing, a new wave of capital — possibly institutional or strategic investors — is entering the market at these levels.

Darkfost emphasizes that this structure is very different from the late 2021 distribution phase, which preceded a prolonged bear market. Instead, the current cycle reflects a rotational accumulation process, where selling by older whales is offset by steady demand from newer, high-conviction participants.

This dynamic points to an evolving, more mature Bitcoin market capable of absorbing distribution without triggering systemic weakness.

Bitcoin Regains Ground After Sharp Correction
Bitcoin is showing early signs of strength after last week’s sharp correction pushed prices briefly below the $100,000 level. On the 4-hour chart, BTC has rebounded firmly, reclaiming the $106,000 area after forming a short-term base near $101,000. This recovery follows a period of heavy selling pressure, which flushed out over-leveraged traders and helped reset market positioning.

BTC 4-hour consolidation | Source: BTCUSDT chart on TradingView
Price action now shows BTC testing the $106,500–$107,000 resistance zone, which aligns with a previous local breakdown point from early November. A confirmed breakout above this level could open the door for a move toward $110,000, though volume remains modest, signaling cautious participation from traders.

On the downside, $103,000 serves as immediate support, while a more significant demand zone lies between $100,000–$101,000, where buyers previously defended the market with high volume. Holding this range would reinforce the case for a gradual recovery.

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.

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The XRP price appears to be approaching one of the most critical technical phases in its long-term structure, according to a new analysis shared by EGRAG CRYPTO. The analyst, known for his bullish takes on XRP, says the cryptocurrency is still “missing the fifth wave,” implying that the next leg could push its price far into new all-time highs. 

Despite recent consolidation just above $2.2, Elliott Wave projections show that the cryptocurrency is only just gathering strength before launching into price targets as high as $27.

EGRAG CRYPTO’s latest update on X presents XRP’s price action within an extended five-wave structure typical of the Elliott Wave Theory. His analysis, which was done on the 5-day timeframe chart, proposes that XRP is currently completing a fourth impulsive wave, which is a corrective period that leads to massive bullish extensions. 

In his words, the “Power of 5” is about to unfold, setting up what he expects to be the “most explosive fifth wave yet.”

The historical context highlighted by the analyst supports his claim. Similar fourth corrective wave patterns in 2017 and 2021 preceded XRP’s strongest rallies, each time occurring after a lengthy consolidation. Furthermore, EGRAG’s chart highlights repeating cycles of impulse and correction, highlighted by cyan and pink EMA bands that have consistently acted as support zones before a rally.

Source: Chart from Egrag Crypto on X
The current setup shows XRP is holding above its support zone, and bullish traders have prevented it from falling below $2.20. This successful hold suggests that the fourth wave might be nearing its end.

Fibonacci Extensions Point To $27 Target
According to EGRAG, the fifth wave is designed to break disbelief in the market. This is a stage where many traders bet against the trend only to get caught on the wrong side of history. His post referenced an infamous case of a trader who lost $30 million shorting XRP during its 2024 leg-up, using it as a reminder that history repeats itself. 

The technical projection is reinforced by Fibonacci extension levels plotted on EGRAG’s chart. The analyst’s framework identifies notable price resistance targets for the next leg higher, with the 1.272, 1.414, 1.618, and 2.618 extensions aligning around $4.78, $5.515, $6.755, and $18.25, respectively, while higher extensions extend to the $27 range.

At the time of writing, XRP is trading at $2.49 after rebounding from lows of $2.12 last week. The token has gained 9% in the past 24 hours, reflecting growing confidence among market participants as bullish setups begin to take shape. 

Despite market hesitation and low volatility across most cryptocurrencies, the entire market appears to be changing in conviction. At the time of writing, the total cryptocurrency market capitalization has increased by about 4.4% over the past 24-hour period.

XRP trading at $2.53 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

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

On Monday, a Bitcoin user attempted to send $10 to Kraken but accidentally paid a 0.99 BTC fee, equivalent to roughly $105,000.

The Hedera (HBAR) price has recorded an impressive 11.13% jump in the past 24 hours, accompanied by a 140.74% spike in trading volume to $480.8 million. This surge reflects strong investor demand and renewed market optimism following the approval of the Canary HBAR ETF jointly launched by Bitwise and Canary. The ETF listing under Nasdaq, alongside Solana and Litecoin ETFs, has sparked institutional interest, reinforcing Hedera’s position in the broader crypto ecosystem.

Currently trading at $0.1920, HBAR is rebounding from a key demand zone after weeks of consolidation within a descending channel pattern. Analysts, including ZAYK Charts, note that this structure mirrors a previous setup from June when a breakout triggered a major rally. If the price closes above $0.20, it could validate the analyst’s 90% upside target toward $0.40, suggesting a strong bullish continuation. The formation of higher lows further supports this potential breakout as buying momentum intensifies.

Adding to the bullish sentiment, the HBAR/USDT 1-day chart reveals a cup and handle pattern — a classic signal of trend reversal and long-term growth. A confirmed breakout above the $0.201 neckline could drive prices toward $0.233, $0.260, and eventually $0.400. Technical indicators such as the DMI show the +DI crossing above the –DI with an ADX of 24.95, confirming growing trend strength and market conviction.

Market data also shows aggressive taker buys dominating, reflecting strong confidence among traders betting on further gains. Open interest has climbed 11.12% to $146.3 million, indicating a surge in leveraged long positions. With improving technicals, ETF momentum, and heightened speculative activity, HBAR appears primed for a sustained rally. A confirmed breakout above $0.20 could propel Hedera toward the anticipated $0.40 mark, reinforcing bullish sentiment across the market.

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Key Takeaways
What do the rising ESR, MVRV ratios say about Bitcoin’s market phase?
They indicate growing institutional accumulation and investor confidence as prices stabilize above $103k.

How do the NVT surge, liquidation heatmap shape Bitcoin’s near-term outlook?
They show strengthening network activity and highlight $108k as a pivotal resistance for the next breakout.

Bitcoin [BTC]’s Exchange Supply Ratio (ESR) on Binance has risen from 0.0272 to 0.0286, marking its highest level since September. This steady increase reflects an expansion in internal liquidity, rather than heightened selling activity. 

Historically, such a hike indicates that large investors are redistributing holdings into derivatives or long-term accumulation strategies. 

The fact that the price has remained stable above $103k reinforces that this is not a sell-off phase, but rather a strategic liquidity buildup. 

Therefore, the market might be transitioning from uncertainty towards renewed confidence, with whales and institutional traders quietly positioning for the next major price move.

A rebound and fresh momentum
Bitcoin has now successfully rebounded from the key support level of $101,225, showing resilience after a short period of decline. At press time, it was trading near $106k, supported by a recovering RSI of 46 – A sign of renewed buying pressure. 

This rebound follows a retest of a descending trendline that previously acted as resistance. The strong reaction from this zone seemed to confirm renewed market interest at lower levels. 

Moreover, the consistent higher lows forming on the chart could be indicative of improving sentiment among traders too. 

If the current trend holds, the $115k resistance could be the next key target. This would validate sustained bullish momentum ahead. 

Source: TradingView

Are investors gradually returning to profitable positions?
The MVRV ratio jumped by 4.35% to hit 1.8945, revealing that more Bitcoin holders may be re-entering profit territory. This upward movement signaled that the market may be moving out of undervaluation phases typically linked to accumulation zones. 

Investors might be regaining confidence too, with short-term traders taking advantage of the recent correction to re-establish positions. 

The metric’s steady hike could be a sign that large portfolios may be adding to their holdings as risk appetite returns. 

Consequently, such a gradual improvement in realized profit levels reinforces the ongoing transition from caution to optimism. It would also support expectations of a medium-term price expansion in the coming sessions.

A healthier transaction-to-value relationship?
The NVT Golden Cross increased sharply by 44.89% to -0.3245, showing that transaction volumes have been strengthening relative to Bitcoin’s valuation. Such a shift hinted at proving network health and growing utility across the blockchain.

Typically, such surges occur at the early stages of recovery cycles when transaction activity begins to align with market value. 

A higher transaction-to-value ratio implies renewed user participation, signaling organic network engagement rather than speculative volume. As activity rises, confidence among investors grows stronger, reflecting better market fundamentals. 

At the time of writing, this metric was supporting the bullish case for Bitcoin’s sustained momentum beyond its press time consolidation range.

Liquidation heatmap identifies $108K as next major obstacle
Finally, Binance’s 24-hour liquidation heatmap seemed to highlight dense liquidation clusters between $105k and $108k, marking critical short-term resistance zones. 

These areas represent heavy concentrations of leveraged positions likely to trigger volatility once the price tests them. 

A breakout above $108k could ignite a chain reaction of short liquidations, accelerating Bitcoin’s upside momentum. However, if rejected, traders may see minor pullbacks as profit-taking intensifies. 

Despite this, however, the liquidity beneath $105k has remained firm, signaling sustained accumulation by market participants. 

To put it simply, data suggested that Bitcoin’s next decisive move might hinge on how the price reacts to the $108k resistance area in the near term.

Conclusively, Bitcoin’s on-chain and technical metrics collectively seemed to pain a picture of strengthening market structure at press time.

Rising ESR, improving MVRV, and a rebounding NVT indicated that liquidity and investor confidence may be returning. With the RSI recovering and strong accumulation near $101k, the path towards $108k and $115k might be increasingly feasible. 

If Bitcoin breaks above the immediate resistance, it could confirm the beginning of another sustained bullish leg. One driven by institutional demand and revived trading activity.

The protracted 40-day U.S. government shutdown appears to be nearing its end as Senate Republicans and Democrats reach a crucial agreement, setting the stage for the resumption of federal operations. This development has coincided with a notable increase in the value of Bitcoin, which has surged past $105,000.

Bitcoin’s market outlook is showing a remarkable turnaround as the balance of BTC on exchanges hits an all-time low, according to data from CryptoQuant. This decline signals tightening supply and reduced trading liquidity, pointing toward a potential supply shock. With more investors transferring their Bitcoin holdings into long-term wallets, market scarcity continues to grow, a pattern that often precedes major price shifts.

Julio Moreno, head researcher at CryptoQuant, highlighted a strong surge in weekend Bitcoin spot demand, marking the first sustained increase since early October. This resurgence suggests renewed investor confidence and heightened market optimism despite recent volatility. Tight supply conditions paired with increasing demand indicate the market may be on the verge of a new bullish phase.

Supporting this momentum, stablecoin activity is also accelerating. Lookonchain reported that Tether recently issued another 1 billion USDT, contributing to a combined $11.75 billion minted alongside Circle over the past month. This influx of stablecoins adds liquidity to the crypto ecosystem, a move analysts see as a sign of growing capital inflows and trading volume expansion.

Meanwhile, Ethereum is drawing renewed attention from institutional investors. CryptoQuant’s Spot Order Size Data shows an uptick in average order sizes during Ethereum’s price dip to around $3,200—an indicator of whale accumulation. Historically, such behavior has preceded major rallies. With Ethereum maintaining key support between $3,000 and $3,400, analysts believe a phase of accumulation and low volatility could set the stage for a strong rebound.

Overall, the convergence of declining Bitcoin reserves, increasing stablecoin supply, and rising institutional activity underscores a shifting crypto landscape. Reduced exchange balances and growing liquidity are shaping a market primed for renewed upward momentum.

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Coinbase has reintroduced U.S. token sales after six years, starting with Monad on Nov. 17–22. The platform has set an allocation algorithm to broaden access and includes issuer vetting, six-month locks, and no user fees, with listings to follow.

Uniswap Labs, in collaboration with the Uniswap Foundation, has announced a major governance proposal titled UNIfication, aiming to redefine the decentralized exchanges operational and structural model. The proposal, officially revealed on November 11 following an accidental early release, outlines sweeping reforms to governance, tokenomics, and Uniswaps long-term growth strategy.

Coinbase is reentering the token sale arena with a regulated platform aimed at reviving transparency, structure, and compliance in crypto fundraising. The exchange plans to host about one token sale each month, featuring a one-week purchase period and an algorithm-based allocation process to ensure fairness. Only verified users will be able to participate, and transactions will be conducted exclusively in USD Coin (USDC).

The first project to launch through Coinbase’s new platform is Monad, a Layer-1 blockchain designed for scalability and efficiency. The upcoming sale will make 7.5% of the total MONAD supply available to the public, targeting approximately $187.5 million in funds and valuing the project at $2.5 billion. This marks a major return for Coinbase to the token offering market—akin to a new era of compliant, regulated ICOs.

However, Monad’s tokenomics have sparked debate across the crypto community. Analysts have raised concerns about its insider-heavy distribution, where the founding team holds around 27% of the tokens and venture capital investors control another 20%. With only a small fraction available to retail participants, critics argue that the structure favors insiders over community-driven decentralization.

An additional 38.5% of tokens are reserved for ecosystem development, which can encourage partnerships and growth but may also lead to dilution for early investors. Such concentration of ownership has reignited discussions on fairness, governance, and the challenges of achieving true decentralization in modern token launches.

While Coinbase’s involvement adds legitimacy and regulatory assurance to the process, it cannot fully address concerns about equity and control. As the industry watches Monad’s debut, the project stands as a litmus test for whether regulated token sales can balance compliance with the crypto community’s core values of transparency and decentralization.

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XRP has gone up by 10% in the past 24 hours, and trading volumes have nearly doubled as the countdown for the launch of two spot exchange-traded funds (ETFs) has started. Today's strong uptick favors a bullish XRP price prediction, and here's why.Canary Capital and 21Shares finally filed Form 8(a).

Hyperliquid, one of the fastest-growing decentralized exchanges in the crypto world, is taking a significant leap forward. After recording over $303 billion in trading volume in October, the platform is now testing a BorrowLendingProtocol (BLP) on its Hypercore testnet — a move that could mark its official entry into the on-chain credit market.

Strive buys $162M in Bitcoin, adding 1,567 BTC at approximately $ 103,000 each.

In brief
Bitdeer's stock fell as the company reported a Q3 net loss.
The company posted a loss per share of $-1.28.
Bitdeer in August told Decrypt that it was working on making mining rigs in the U.S.
Bitcoin miner Bitdeer Technology Group's stock closed down 20% Monday after the company reported a net loss of $266.7 million for its 2025 third quarter on Monday, a 422% year-over-year decline. 

BitDeer's loss per share loss of -$1.28 was down from $-0.35 in Q3 2024, and Zacks Investment Research's consensus estimates of -$0.22. The firm did almost triple its revenue to $169.7 from $62 million last year, beating Zacks' forecast.

BTDR was closed Monday at $17.64, according to Yahoo Finance data, losing gains it has made over the past month. The company's share price is roughly flat for this period, holding up better than those of competitors, although BitDeer remains off 21% year-to-date. 

MARA Holdings and CleanSpark finished down on 1.8% and 3.4% on Monday, while Riot Platforms was up 1.8%. MARA has fallen about 16.4% over the past month, while CleanSpark and Riot Platforms are off 22% and 17.5% over the past month.

In a statement, BitDeer Chief Business Officer Matt Kong struck an upbeat note, highlighting the company's shift to high-powered computing. 

"Q3 marked a quarter of strong execution and financial performance," Kong said in a statement, added that the Bitdeer would continue to focus on its AI-pivot. "On the AI front, we have intensified our focus and investment to capture the surging global demand for compute," Kong said. 

Bitdeer is among the Bitcoin miners who see opportunities in the AI industry's growing demand. 

Bitcoin miners, mostly large industrial operations of specialized computers, have faced increasing headwinds over the past 18 months with rewards for verifying blockchain transactions cut from 6.25 to 3.125 Bitcoin after last year’s halving and operational costs rising. 

A number of miners have reoriented entirely to become cryptocurrency treasuries.

Bitdeer in August told Decrypt that it was focusing on plans to build rigs and invest in U.S. resources. Most mining equipment for the industry comes from China. 

The firm said that mass production of its Sealminer A3 machine was underway and that development of a new chip for energy efficient mining—SEAL04—was delayed. 

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

Journalist

Posted: November 11, 2025

Key Takeaways
Why is Aster gaining again?
Because the Buyback rate increased 50%, totaling $39 million spent and 18 million tokens burned, tightening supply and supporting price momentum.

What are ASTER traders eyeing next?
Holding above $1 could open a run toward $1.17 and $1.23 resistance levels.

Aster [ASTER] surged 11.36%, touching a local high of $1.16 before slightly retracing to $1.11 at press time. 

Over the same window, its Trading Volume jumped 90% to $667 million, signaling renewed demand and capital inflows.

But what triggered this price uptick?

Aster buybacks drive new momentum
After a period of sloppy price performance and closing with higher lows, the Aster team stepped in to increase token buyback rates.

As such, the ASTER team raised their buyback rate to $7,500 per minute from $5000p/m marking a 50% increase. This means the team will spend $10 million per day on token buybacks if the rate remains constant. 

In fact, over the past 24 hours, the team has bought 2.4 million ASTER. Cumulatively, the Aster team has spent $39 million to buy 37.7 million tokens, and they launched the buyback program. 

Source: Asterlify

Roughly 50% of these buybacks have been burned, cutting circulating supply by about 18 million tokens and tightening market float.

Importantly, the initiative is a strategic deflationary measure that has helped reduce supply, thereby stabilizing prices at times. 

Spot demand intensifies
Following the buyback update, buyers turned more active in the Spot market.

ASTER’s Spot Netflow dropped for the third straight day to –$8.04 million, as Outflows ($129.28 million) exceeded Inflows ($121.24 million).

The negative Netflow reflected accumulation pressure, with traders holding rather than depositing to exchanges.

Source: CoinGlass

Futures traders chase the rally
Interestingly, after Aster signaled recovery, investors jumped into the perpetuals to strategically position themselves. According to Artemis data, Perpetual Transactions surged to 4.7 million while Perpetual Volume jumped to $11 billion. 

Source: Artemis

When Volume and transactions rise in tandem, it signals increased participation and capital flow into the futures market. Thus, investors entered the market to either take short or long positions, awaiting the next move. 

The Long/Short Ratio rose to 3.83, with 79.28% of positions long—an indication that most traders expected more upside.

Source: Coinalyze

Can ASTER hold above $1?
The Stochastic Momentum Index climbed to 18 on TradingView, showing stronger buyer dominance.

If momentum persists, ASTER may break its next resistance at $1.17 (Parabolic SAR) and attempt $1.23.

Source: TradingView

Failure to sustain demand could push prices back toward $1.00 support, though the bullish bias holds as long as ASTER trades above that level.

Rumble's deepening alliance with Tether, spanning hundreds of millions in advertising, GPU, and strategic investments, is building a next-generation digital ecosystem that unites decentralized AI, creator empowerment, and privacy-driven innovation under a Freedom-First vision. Rumble and Tether Unite to Power a Freedom-First Digital Ecosystem Rumble Inc. (Nasdaq: RUM) announced on Nov.