Market Signal Briefing

Universal Electronics Inc. (UEIC) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

Richard Carnifax - COO, Interim CEO & Principal Executive Officer
Raymond Ho - Interim CFO, Principal Financial Officer & Principal Accounting Officer.

Conference Call Participants

Richard Land
Steven Frankel - Rosenblatt Securities Inc., Research Division

Presentation

Operator

Good afternoon. My name is Therese, and I will be your conference operator today. Now I would like to welcome everyone to Universal Electronics Third Quarter 2025 Financial Results Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I will now turn today's conference call over to Richard Land of Alliance Advisors Investor Relations. Please go ahead.

Richard Land

Thank you, operator, and thank you all for joining us for the Universal Electronics Third Quarter 2025 Financial Results Conference Call. This afternoon, UEI issued a press release for the third quarter ended September 30, 2025. If you do not already have a copy of this press release, it can be found in the Investor Relations section of the company's website.

This call is being broadcast live over the Internet. A webcast replay of this call, including any additional updated material or nonpublic information that might be discussed during this call, will be available on the company's website at www.uei.com for one year.

During this call, management may make forward-looking statements regarding future events and the future financial performance of the company and cautions you that these statements are just projections and actual results or events may differ materially from those projections. These statements can be found in the press release issued today and on the website. The company undertakes no obligation to revise or update these statements to reflect events or circumstances that may arise after today's date, and we refer you to the press release

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VTEX (VTEX) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

Julia Fernandez - Vice President of Investor Relations
Geraldo do Carmo Thomaz - Co-founder, Co-CEO, Co-Chairman & Chief Technology Officer
Ricardo Sodre - Chief Financial Officer
Mariano Gomide de Faria - Co-founder, Co-CEO & Co-Chairman

Conference Call Participants

Marcelo Santos - JPMorgan Chase & Co, Research Division
Maria Infantozzi - Itaú Corretora de Valores S.A., Research Division
Vitor Tomita - Goldman Sachs Group, Inc., Research Division
Cesar Davanco - Santander Investment Securities Inc., Research Division
Lucca Brendim - BofA Securities, Research Division
Madison Schrage - KeyBanc Capital Markets Inc., Research Division
Gustavo Farias - UBS Investment Bank, Research Division

Presentation

Julia Fernandez
Vice President of Investor Relations

Hello, everyone, and welcome to VTEX's Earnings Conference Call for the Third Quarter of 2025. I'm Julia Vater Fernandez, VP of Investor Relations. Joining me are Geraldo Thomaz Jr., Founder and Co-CEO; Ricardo Camatta Sodre, CFO; and for the Q&A, our Founder and Co-CEO, Mariano Gomide de Faria; and Chief Strategy Officer, Andre Spolidoro, will also join us.

Before we begin, please note that today's remarks may include forward-looking statements. Actual results may differ due to risks and uncertainties described in our Form 20-F for the year ended December 31, 2024, and other SEC filings available on our IR website. We will also reference certain non-GAAP measures. Reconciliations to GAAP are included in our Q3 2025 earnings press release in our IR website.

With that, I will turn the call over to Geraldo. Geraldo, the floor is all yours.

Geraldo do Carmo Thomaz
Co-founder, Co-CEO, Co-Chairman & Chief Technology Officer

Thank you, Julia. Good afternoon, and thanks for joining our third quarter 2025 earnings conference call. This quarter played out in line with the expectations we shared after Q2. Our business continues to show the hallmarks of a durable profit growth model, consistent

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of EPD 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.

EMBRAER S.A.
Publicly Held Company 
CNPJ/MF 07.689.002/0001-89 
NIRE 35.300.325.761

, /PRNewswire/ -- Embraer S.A. ("Company") (B3: EMBR3, NYSE: ERJ) informs its shareholders and the market that its Board of Directors, in a meeting held on November 6, 2025, according to the minutes published on the CVM and Investor Relations websites, approved the execution by the Company, with Banco Itaú Unibanco S.A., of derivative agreements of "Equity Swap", referenced in the shares issued by the Company. Equity Swap agreements will observe the following limits and conditions:

Equity Swap Settlement: cash settlement, within a maximum period of 12 months from November 7, 2025.

Maximum Exposure: up to 10,932,998 common shares, observing the limit established in CVM Resolution No. 77/22.

Conditions: the Equity Swap will allow the Company to receive the price variation related to its shares traded on the stock exchange plus any dividends distributed to the shares subject to the Equity Swap (active end) and pay CDI plus a spread (passive end), during the term of the agreement.

Purpose: need to mitigate fluctuations in the prices of shares issued by the Company, in view of future payments to be made by the Company within the scope of its long-term incentive plans (phantom shares).

Antonio Carlos Garcia
Executive Vice President, Financial & Investor Relations

SOURCE Embraer S.A.

Q3: 2025-11-06 Earnings SummaryEPS of -$0.12 beats by $0.02

 |

Revenue of

$887.00K

(-44.80% Y/Y)

misses by $244.50K

NextNav Inc. (NN) Q3 2025 Earnings Call November 6, 2025 9:00 AM EST

Company Participants

Mariam Sorond - Chairman, CEO & President
Timothy Gray - Chief Financial Officer

Conference Call Participants

Nevin Reilly - Sloane & Company LLC
Michael Crawford - B. Riley Securities, Inc., Research Division
Brendan Lynch - Barclays Bank PLC, Research Division
Ryan Koontz - Needham & Company, LLC, Research Division
Taebin Song - Wolfe Research, LLC

Presentation

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the NextNav Q3 2025 Earnings Conference Call. [Operator Instructions] As a reminder, today's call is being recorded. I will now hand today's call over to Nev Reilly. Nevin Reilly, please go ahead.

Nevin Reilly
Sloane & Company LLC

Good morning, everyone, and welcome to NextNav's Third Quarter 2025 Earnings Conference Call. Participating on today's call are Mariam Sorond, NextNav's Chief Executive Officer; and Tim Gray, NextNav's Chief Financial Officer.

Before we begin, let me remind everyone that this call will include certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by use of the words may, anticipate, believe, expect, intend, should, could and similar expressions. Such forward-looking statements, which may relate to NextNav's forecast of future results, future prospects, developments and business strategies are subject to known and unknown risks, uncertainties and assumptions, many of which are outside NextNav's control and could cause actual results to differ.

In particular, such forward-looking statements include the achievement of certain FCC-related milestones and SEC approvals, NextNav's projections, plans, objectives and expectations and NextNav's future business strategies and competitive position. These statements are based on management's current expectations and beliefs as well as a number of assumptions concerning future events. You are cautioned not to place undue reliance upon the forward-looking statements, which speak only as of

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Apple's streaming service Apple TV was down for nearly 14,907 users in the U.S. on Thursday, according to outage tracking website Downdetector.com.

Aspen Aerogels (ASPN - Free Report) reported $73.02 million in revenue for the quarter ended September 2025, representing a year-over-year decline of 37.8%. EPS of -$0.06 for the same period compares to $0.11 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $74.39 million, representing a surprise of -1.85%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Aspen Aerogels performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Revenue- Energy Industrial: $24.3 million versus $26.48 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -9.3% change.Revenue- Thermal Barrier: $48.7 million versus the two-analyst average estimate of $46.81 million. The reported number represents a year-over-year change of -46.3%.Gross Profit- Thermal Barrier: $11.93 million versus the two-analyst average estimate of $15.15 million.Gross Profit- Energy Industrial: $8.87 million versus the two-analyst average estimate of $9.49 million.View all Key Company Metrics for Aspen Aerogels here>>>

Shares of Aspen Aerogels have returned -10.8% over the past month versus the Zacks S&P 500 composite's +1.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

SummaryVolatility Shares' 2x Bitcoin Strategy ETF offers leveraged exposure to Bitcoin but has underperformed its 2x target during recent declines.BITX is best suited for experienced traders seeking short-term tactical moves, not for long-term investors, due to high fees and inherent risks.Bitcoin's technical charts suggest a possible short-term relief rally provided BTC reclaims key support levels that are well within reach.A BITX swing trade is only considered if Bitcoin closes above $103k on the weekly chart; caution and active management are essential.Analyst’s Disclosure:I/we have a beneficial long position in the shares of BTC-USD 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.

I'm not an investment advisor.

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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BioLife Solutions, Inc. (BLFS) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

Troy Wichterman - Chief Financial Officer
Roderick de Greef - CEO & Chairman

Conference Call Participants

Paul Knight - KeyBanc Capital Markets Inc., Research Division
Matthew Stanton - Jefferies LLC, Research Division
Steven Etoch - Stephens Inc., Research Division
Brendan Smith - TD Cowen, Research Division
Thomas Flaten - Lake Street Capital Markets, LLC, Research Division

Presentation

Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to the BioLife Solutions Third Quarter 2025 Shareholder and Analyst Conference Call. [Operator Instructions] I will now turn the call over to Troy Wichterman, Chief Financial Officer of BioLife Solutions. Please go ahead.

Troy Wichterman
Chief Financial Officer

Thank you, operator. Good afternoon, everyone, and thank you for joining the BioLife Solutions 2025 Third Quarter Earnings Conference Call. On the call with me today is Roderick de Greef, CEO and Chairman of the Board. We will cover business highlights and financial performance for the quarter and provide an update for our increased 2025 revenue guidance as adjusted for the sale of our evo Cold Chain product line. Earlier today, we issued a press release announcing our financial results and operational highlights for the third quarter of 2025, which is available at biolifesolutions.com.

As a reminder, during this call, we will make forward-looking statements. These statements are subject to risks and uncertainties that can be found in our SEC filings. These statements speak only as of the date given, and we undertake no obligation to update them. We will also speak to non-GAAP or adjusted results. Reconciliations of GAAP to non-GAAP or adjusted financial metrics are included in the press release we issued this afternoon.

Now I'd like to turn the call over to Rod de Greef, Chairman and

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Q3: 2025-11-06 Earnings SummaryEPS of $0.20 misses by $0.04

 |

Revenue of

$21.68M

(-10.96% Y/Y)

misses by $2.62M

Greystone Housing Impact Investors LP (GHI) Q3 2025 Earnings Call November 6, 2025 4:30 PM EST

Company Participants

Jesse Coury - Chief Financial Officer
Kenneth Rogozinski - Chief Executive Officer

Conference Call Participants

Matthew Erdner - JonesTrading Institutional Services, LLC, Research Division
Christopher Muller - Citizens JMP Securities, LLC, Research Division
Rick Stone
John Cullinan

Presentation

Operator

Greetings, and welcome to the Q3 2025 Earnings Call for Greystone Housing Impact Investors LP. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, Jesse Coury. Please go ahead.

Jesse Coury
Chief Financial Officer

I would like to welcome everyone to the Greystone Housing Impact Investors LP, NYSE Ticker Symbol GHI, Third Quarter of 2025 Earnings Conference Call. As a reminder, this conference call is being recorded. During this conference call, comments made regarding GHI, which are not historical facts, are forward-looking statements and are subject to risks and uncertainties that could cause the actual future events or results to differ materially from these statements. Such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by the use of words like may, should, expect, plan, intend, focus and other similar terms. You are cautioned that these forward-looking statements speak only as of today's date. Changes in economic, business, competitive, regulatory, and other factors could cause our actual results to differ materially from those expressed or implied by the projections or forward-looking statements made today. For more detailed information about these factors and other risks that may impact our business, please review the periodic reports and other documents filed from time to time by us with the Securities and Exchange Commission. Internal projections and beliefs upon which we base our expectations may change, but if they do, you will not necessarily be informed.

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XRP has begun to show renewed signs of life, rebounding from its recent lows near $2.05 after a sharp decline. The digital asset is now trading above $2.25 and is attempting to reclaim higher resistance levels. While the broader crypto market remains mixed, XRP’s technical outlook suggests that a potential bullish reversal may be forming—if buyers can protect key support zones and overcome critical resistance barriers.

XRP Regains Momentum After Sharp Decline
Following a period of weakness that pushed XRP below $2.20, the coin managed to stabilize near $2.05 before launching a recovery wave. The rebound brought it back above $2.25, giving traders fresh optimism. According to on-chain data and price charts, XRP has now broken above a key bearish trend line that was restricting upward momentum around $2.24.

The recovery aligns with modest improvements in Bitcoin and Ethereum prices, signaling a broader risk-on sentiment returning to the crypto market. Despite the short-term volatility, XRP’s ability to stay above $2.25 and its 100-hour simple moving average (SMA) hints at renewed buyer strength.

Currently, XRP is trading around $2.28, holding above crucial technical levels. The $2.20–$2.25 zone now acts as immediate support, while resistance lies between $2.40 and $2.42—a region that could determine whether the token extends its rally or faces another pullback.

Key Technical Indicators Show Bullish Potential
Technical indicators support the possibility of continued upside if XRP maintains its current momentum. The break above the 50% Fibonacci retracement level of the previous decline from the $2.55 swing high to the $2.06 low indicates improving market sentiment.

Moreover, a clear move above $2.42 could expose XRP to higher targets, including $2.48 and $2.55—levels that align with previous resistance points observed in late October. Should the bullish momentum hold, the next major target would be $2.65, followed by $2.72, which marks a significant psychological barrier for traders.

However, analysts caution that XRP needs strong buying volume to sustain the move. A lack of follow-through could lead to another correction, particularly if broader market weakness resurfaces.

Resistance Levels to Watch
The $2.42 resistance remains the most critical short-term hurdle for XRP bulls. It coincides with the 76.4% Fibonacci retracement level of the downward move from $2.55 to $2.06. A decisive breakout above this zone would likely trigger a bullish extension toward $2.55 and beyond.

If XRP successfully closes above $2.55 on strong volume, the next target zone sits around $2.65–$2.72. These levels have acted as rejection points in previous market cycles, making them vital checkpoints for assessing whether XRP can resume a broader uptrend.

In contrast, a failure to breach $2.42 could lead to renewed selling pressure, bringing prices back toward key supports.

Support Zones and Downside Risks
On the downside, initial support is seen near $2.28. If XRP falls below this area, the next significant support lies at $2.25, followed by $2.20. A sustained drop below $2.20 could erase the current recovery momentum and potentially drive prices toward $2.12 or even $2.06.

A breakdown below $2.06 would be concerning for bulls, as it could open the door to a deeper correction toward the $1.95–$2.00 region. For now, however, market sentiment remains cautiously optimistic, provided XRP stays above its short-term moving averages.

Broader Market Context
The current XRP movement also reflects broader market behavior, with investors responding to both macroeconomic and crypto-specific developments. Bitcoin’s struggle near the $102,000 level and Ethereum’s weakness below $4,000 have created uncertainty, but XRP’s resilience indicates growing investor interest in alternative large-cap assets.

Ripple’s continued progress in expanding cross-border payment adoption and institutional partnerships could further support XRP’s long-term outlook. While short-term volatility remains, the growing integration of Ripple’s technology within financial systems provides a solid fundamental foundation for XRP’s valuation.

Outlook: Bulls Eye $2.50, But Volume Holds the Key
In the near term, XRP’s trajectory will largely depend on whether buyers can defend the $2.25 support and push above $2.42 resistance. A successful breakout could validate a short-term bullish reversal, paving the way for a move toward $2.55 and $2.65.

However, traders should watch for volume confirmation. If buying momentum fades and price action weakens below $2.25, it may trigger another downward phase.

Overall, XRP is showing encouraging signs of recovery, but its next moves will depend on whether bulls can sustain control over key support and resistance levels in the coming sessions.

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Bitcoin has managed to reclaim the $100,000 level after briefly dipping below it earlier this week — a move that triggered widespread panic selling and reinforced bearish sentiment across the market. The sharp selloff liquidated leveraged positions and sent fear metrics surging, but the swift recovery shows that buyers are still active near key demand zones.

According to a new report by CryptoOnchain, the recent market turbulence coincides with a surge in “hot money” flows to Binance. Data from CryptoQuant reveals a notable spike in monthly Bitcoin inflows to the exchange during October 2025, signaling heightened speculative activity. What’s particularly significant is that this inflow is driven almost entirely by “young” coins — UTXOs aged between 0 and 1 day — suggesting that short-term traders and algorithmic participants are dominating recent movements.

This trend highlights a clear uptick in intraday and momentum-driven trading, often linked to volatility and short-lived price swings. While such dynamics can amplify downside risk, they also tend to precede strong market reversals once liquidity stabilizes. As Bitcoin regains footing above the $100K threshold, the market now watches closely to see whether this wave of speculative capital marks the beginning of a broader recovery or just another temporary bounce.

“Hot Money” Drives Exchange Activity, but Long-Term Holders Stay Firm
According to CryptoOnchain, inflows from “young” Bitcoin coins have surged sharply, jumping from roughly $18 billion in September to nearly $26 billion in October. This marks one of the highest inflow levels in the past 12 months, underscoring heightened activity among day traders, speculators, and arbitrage bots. Such behavior typically emerges when markets experience elevated volatility or uncertainty, as short-term participants move assets onto exchanges to position for quick trades.

Binance Monthly Inflow By UTXO Age | Source: CryptoQuant
Historically, sharp increases in exchange inflows often hint at bearish sentiment or potential selling pressure, as traders prepare to take profits or hedge risk. However, the UTXO age breakdown tells a more layered story. Inflows from older coins, typically held by long-term holders (LTHs), remain negligible and close to zero. This divergence indicates that the recent activity is largely short-term in nature, confined to traders reacting to immediate market conditions rather than long-term investors exiting positions.

In essence, while “hot money” inflows could amplify short-term volatility, Bitcoin’s structural foundation remains intact. The core investor base continues holding off-exchange, showing resilience amid market turbulence.

The report suggests that the Bitcoin market is split into two: speculative capital chasing short-term opportunities on one side, and long-term conviction holders quietly standing firm on the other. This balance could determine whether the next move is another shakeout or the start of a new accumulation phase.

Bitcoin Faces Resistance After Brief Recovery
Bitcoin’s 4-hour chart shows a fragile recovery following its sharp decline below the $100,000 level earlier this week. After hitting a low near $98,900, BTC rebounded modestly to $103,000, where it now faces immediate resistance from the 20-day and 50-day moving averages (blue and green lines). These averages have started to slope downward, confirming the short-term bearish trend and capping upside attempts.

BTC testing demand above $100K | Source: BTCUSDT chart on TradingView
The $105,000–$107,000 zone represents the next critical resistance area. A break above this range would likely attract short covering and signal the first signs of stabilization. However, failure to reclaim this zone could lead to renewed selling pressure, with potential retests of $100,000 or even $97,500, a key psychological support level.

Trading volume remains elevated, reflecting ongoing market volatility and uncertainty. While bulls have managed to defend $100K for now, momentum remains weak, and sentiment is still heavily bearish across derivatives and spot markets.

Bitcoin is consolidating within a fragile structure, attempting to build a base after significant liquidations. To regain bullish momentum, BTC must reclaim its short-term moving averages and hold above $107K — otherwise, downside risks persist as traders remain cautious following the recent leverage wipeout.

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.

Jessie A Ellis
Nov 07, 2025 02:04

Avalanche is shaping South Korea's digital economy through partnerships in tokenization, stablecoins, and cultural platforms, highlighting its growing influence in the region.

Avalanche (AVAX) is making significant strides in South Korea's digital landscape, establishing itself as a pivotal player in the tokenization of assets and stablecoin development. According to Avax.network, Avalanche is at the forefront of South Korea's digital economy transformation, powering everything from fan engagement platforms to bank-backed stablecoins.

Institutional Partnerships and Tokenization
One of the most noteworthy collaborations is with Mirae Asset Global Investments, South Korea's largest asset manager, which manages $316 billion in assets. Mirae has partnered with Ava Labs to explore the tokenization of funds on Avalanche. This venture aims to enhance investor reporting, distribution processes, and fee management using Avalanche's scalable architecture.

Advancements in Stablecoin Infrastructure
Avalanche is also central to the development of South Korea's stablecoin market. Projects like KRW1, a won-backed stablecoin developed by BDACS in collaboration with Woori Bank, and INEX, which pilots onchain merchant settlements, are leveraging Avalanche's blockchain technology. These initiatives are moving stablecoins from concept to practical, commercial-grade applications.

Cultural Impact and Fan Engagement
In the cultural sector, Avalanche is powering platforms like TITAN Content's 2GATHR, which enhances fan engagement by allowing fans to complete missions and collect digital items. This platform leverages a custom Avalanche L1 to offer a seamless user experience. Additionally, ULTRA KOREA is integrating Avalanche's technology to streamline event ticketing and payments, further showcasing the blockchain's versatility.

Real World Asset Development and Cloud Integration
Looking ahead, Avalanche is poised to impact real world asset (RWA) infrastructure through a partnership with WeBlock, which plans to launch South Korea's first Avalanche-based RWA product in 2026. Moreover, NHN Cloud, a leading cloud provider in South Korea, will support Avalanche validators, facilitating blockchain participation for financial and public sector entities.

Avalanche's architecture is tailored for scalability and regulatory compliance, making it an ideal solution for South Korea's digital economy, where speed and compliance are paramount. As Avalanche continues to embed itself in the region, it is clear that its influence is growing across multiple sectors, from finance to culture.

Image source: Shutterstock

avalanche
south korea
tokenization
stablecoins

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated: 

November 6, 2025

Jack Dorsey-led Block generated nearly $2b in Bitcoin revenue during the third quarter, accounting for almost one-third of its total $6.11b haul.

The fintech reported net income of $461.5m for the period, according to its latest filing with the Securities and Exchange Commission.

In a Thursday letter to shareholders, the firm said gross profit rose 18% year over year, led by a 24% jump in Cash App and 9% growth in Square.

“Block grew gross profit 18% year over year in the third quarter, with 24% year-over-year growth in Cash App and 9% year-over-year growth in Square,” he said.

Shares closed at $70.94 on Wednesday, down 3.7%, and slipped further in after-hours trading to $64.10.

Mixed Quarter for Block as Bitcoin Still Anchors Revenue BaseMarket watchers surveyed by Zacks had forecast $6.34b in revenue and earnings per share of $0.63. Actual results came in slightly lower, with $6.11b in revenue and adjusted EPS of $0.54.

Gross profit reached $2.66b, up 18% year over year, while net income climbed 64%. The company forecasted fourth-quarter gross profit of around $2.75b, implying 19% annual growth.

Adjusted operating income came in at $409m versus consensus estimates of $473m, while EBITDA rose 3% to $833m, narrowly missing projections of $840m.

Bitcoin revenue totaled $1.97b, down from $2.4b a year earlier, yet it remains Block’s second-largest revenue stream behind subscriptions and services. Bitcoin costs dropped to $1.89b from $2.36b during the same period in 2024.

Company Expands Bitcoin Suite Even as Holdings Face Quarterly MarkdownsThe firm’s BTC holdings stood at 8,780 BTC as of Sept. 30, up from 8,485 at the start of the year. Those holdings, valued at more than $1b, saw a negative remeasurement of $59m in the quarter and $178m year-to-date.

Block has continued expanding its Bitcoin ecosystem. In October, it launched new payment tools and a merchant wallet to help sellers accept Bitcoin directly. Earlier this year, the company paid $40m to settle allegations from the New York Department of Financial Services over compliance gaps tied to its BTC operations.

Founded by Dorsey in 2009, Block has evolved from a payment processor into a broader financial platform with deep exposure to digital assets. Its inclusion in the S&P 500 earlier this year marked a milestone for one of the highest-profile Bitcoin-integrated companies in the US.

Shares Slip Post-Earnings, but Analysts Cite Long-Term Crypto Strategy as a StrengthDorsey has long described Bitcoin as “the internet’s native currency” and said his mission is to make it usable for everyday payments. He once remarked that if he were not working on Twitter or Block, he would be dedicating his career entirely to Bitcoin development.

Shares continued to slide after the report, down more than 11% in late trading. Still, many analysts view Block’s long-term Bitcoin exposure as strategic, particularly as institutional adoption of crypto assets accelerates globally.

Meanwhile, Dorsey’s advocacy for everyday Bitcoin use is gaining traction in Washington.

Sen. Cynthia Lummis is drafting legislation to exempt small crypto transactions from capital gains taxes, a proposal inspired by Dorsey’s call to make bitcoin a medium of exchange rather than just a store of value.

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XRP's derivatives surge is redefining global crypto momentum as exchanges push leveraged innovation, empowering traders with high-octane exposure and accelerating institutional entry into the booming digital asset economy.

Key Takeaways
How did Trump describe his administration’s stance on crypto?
He said he had ended the federal government’s “war on crypto,” portraying his administration as supportive of digital innovation and blockchain technology.

How has Bitcoin performed since Trump’s 2024 election win?
Bitcoin surged from around $69,000 at election time to over $100,000 by December 2024, reaching an all-time high of $122,800 in 2025 before stabilizing near $115,000.

At the America Business Forum in Miami, U.S. President Donald Trump made one of his boldest economic declarations yet, calling for the United States to become “the world’s leading Bitcoin nation.”

Trump’s bold crypto plan for the U.S.
On the 5th of November, while addressing business leaders, Trump presented his administration as a strong advocate for digital innovation, marking a clear shift from Washington’s earlier skepticism toward cryptocurrency.

Framing Miami as the symbolic heart of America’s crypto resurgence and setting the tone for what could become a defining policy shift in his second term, he said, 

“We are here to embrace a vital industry.”

Trump added, 

“I’ve also signed historic executive orders to end the federal government’s war on crypto. Crypto was under siege. It’s not under siege anymore.”

He further emphasized that the cryptocurrency industry has grown into a powerful force, supported by influential business leaders and major enterprises across the country, and stated, 

“Because it’s a big industry. It’s a big industry, and I have a lot of people that are great people, great business people. They’re in other businesses, but they’re in crypto too.”

Is the U.S. going to become a ‘Bitcoin superpower’?
While addressing a packed audience in Miami, President Trump reaffirmed his goal to position the United States as both the “Bitcoin superpower” and the “crypto capital of the world.”

He echoed similar remarks made during his Nashville campaign last year, emphasizing that America currently holds a competitive edge over China in emerging technologies such as digital currencies and artificial intelligence.

However, he warned that this advantage could quickly disappear if the country fails to act boldly. To maintain leadership in the next wave of innovation, Trump urged swift and decisive action.

“We’re making the United States the Bitcoin superpower, the crypto capital of the world, and the undisputed leader in artificial intelligence.”

Looking abroad, he also warned,

We’re leading China by a lot. And don’t forget, if we don’t do crypto properly, China wants to do it. They’re starting it, but they want to do it. Other countries want to do it. If we don’t do it, it’s a big industry.”

Other details of Trump’s speech
President Trump’s Miami speech was a high-energy showcase of his economic and political agenda. He touted record stock market highs, strong GDP growth, rising wages, and a revival in manufacturing driven by tax cuts and deregulation.

Claiming success in curbing inflation, he said his policies lowered prices for essentials like groceries and gas.

Trump also emphasized stricter immigration enforcement, stronger borders, and a renewed “law and order” focus.

On foreign policy, he highlighted diplomatic gains, military strength, and major trade deals, calling it a new “Golden Age of America.”

However, many of his claims remain political assertions that warrant independent verification.

Bitcoin’s price since Trump got elected
That being said, since Donald Trump’s 2024 election win, Bitcoin [BTC] has seen a historic surge.

Trading around $69,000 at the time of his victory, it quickly climbed past $100,000 by December amid optimism for a pro-crypto administration.

The rally carried into 2025, driven by institutional inflows from U.S. spot Bitcoin ETFs and Trump’s supportive stance on digital assets.

Bitcoin hit an all-time high of $122,800 mid-year before a brief correction, later stabilizing near $115,000.

At press time, Bitcoin traded at $103,061, up 1.55% in the past 24 hours, per CoinMarketCap.

Therefore, as Trump’s second term nears its first anniversary, his influence on crypto is unmistakable, fueling record growth, soaring prices, and renewed institutional interest.

Yet, his family’s deep ties to the sector and the frenzy surrounding pro-crypto policies have stirred controversy and volatility.

Thus, the true legacy of this era remains uncertain.

Now, whether it marks the foundation of a new financial order or a chapter defined by speculation and chaos will depend on how the market evolves in the year ahead. 

BTC Market Now 'Extremely Bearish,' Says QCP: Asia Morning BriefingOn-chain metrics shows BTC entering an “extremely bearish” phase, with potential downside to $91K or even $72K if key support fails, though Glassnode sees it as a mid-cycle correction rather than full capitulation.
Nov 7, 2025, 2:02 a.m.

Good Morning, Asia. Here's what's making news in the markets:Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Bitcoin hovered around $101,000 as the Friday trading day began in Hong Kong, as on-chain analytics firm CryptoQuant warned that market conditions have turned “extremely bearish.”

STORY CONTINUES BELOW

In its latest weekly report, CryptoQuant said Bitcoin’s drop under the 365-day moving average of $102,000 marked the loss of a key technical and psychological support that previously defined the bottom of this bull cycle. The firm’s Bull Score Index — a composite measure of market strength — has fallen to zero for the first time since June 2022, a signal last seen before the previous bear market.

CryptoQuant added that traders’ on-chain realized price bands now point to potential downside targets near $72,000 if BTC fails to recover above $100,000 soon.

It also identified the $91,000 region, based on Metcalfe’s network valuation model, as the next structural support level. “Failure to reclaim the 365-day moving average quickly could trigger a much larger correction,” the firm said.

The report follows weeks of weakening fundamentals, including falling inflows, reduced network activity, and a flattening of key on-chain valuation metrics. CryptoQuant analysts said the setup now resembles late 2021, when a similar break below the long-term average confirmed the start of a prolonged drawdown.

Still, this view is not universal.

In a report from earlier this week titled “Defending $100K,” Glassnode wrote that the market remains “cautious, oversold, but not yet deeply capitulated,” with 71% of supply still in profit and unrealized losses contained to just 3.1% of market cap.

While long-term holders are selling and ETF outflows continue, Glassnode says the current phase is a mid-cycle correction rather than the start of a bear market.

Market MovementBTC: Bitcoin slipped as low as $100,420 overnight before recovering slightly to trade around $101,000 in Asia hours, extending a weeklong decline that’s wiped nearly 7% from its value.

ETH: Ether fell to an intraday low of $3,285 before edging back to $3,310 in early Asia trading, down about 2% on the day and roughly 13% over the past week.

Gold: Gold rebounded toward the $4,000 level on Wednesday, rising as much as 1.5% to $3,989.53 an ounce as investors sought safety amid a global equities sell-off, even as strong U.S. jobs data tempered expectations for further Fed rate cuts.

Nikkei 225: Asia-Pacific markets opened lower Friday, tracking Wall Street’s tech-led sell-off as AI stocks like Nvidia, Microsoft, and Palantir slumped, while investors awaited China’s trade data expected to show weaker exports and imports.

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Leading cryptocurrencies retraced on Thursday, while the market mood fell back into the “Extreme Fear” category.

CryptocurrencyGains +/-Price (Recorded at 8:50 p.m. ET)Bitcoin (CRYPTO: BTC)-2.26%$101,065.30Ethereum (CRYPTO: ETH)
               -3.10%$3,296.29XRP (CRYPTO: XRP)                         -5.90%$2.19Solana (CRYPTO: SOL)                         -3.79%$154.94Dogecoin (CRYPTO: DOGE)                         -2.54%$0.1614Cryptos Lose MomentumBitcoin's relief rally was short-lived as the apex cryptocurrency fell back to an intraday low of $100,336.87. Ethereum, XRP and Solana also gave up their previous day’s gains.

Interestingly, JPMorgan analysts were optimistic about the asset in the near term, predicting it could rise to $170,000 within 6 to 12 months.

Overall sentiment stayed subdued, with BTC and ETH still 18% and 31%, respectively, below their all-time highs set earlier this year.

In the past 24 hours, 196,202 traders were liquidated, with total cryptocurrency liquidations at $562.82 million, according to Coinglass. Nearly $370 million in bullish longs was wiped out.

Bitcoin's open interest rose by 0.61% in the last 24 hours. A rise in open interest, coming alongside a dip in spot price, typically indicates that new short positions are getting opened.

The market switched back to "Extreme Fear" mode, according to the Crypto Fear & Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:50 p.m. ET)DeAgent AI (AIA )   +377.26%$7.84Filecoin (FIL)    
               +55.53%$2.11Arweave (AR )          +39.78%$5.89The global cryptocurrency market capitalization stood at $3.38 trillion, falling 1.67% over the previous day.

Stocks Retreat Amid Skepticism Over Rate CutsStocks came under pressure yet again on Thursday. The Dow Jones Industrial Average fell 398.70 points, or 0.84%, to end at 46,912.30. The S&P 500 slid 1.12%, to finish at 6,720.32, while the tech-focused Nasdaq Composite closed down 1.9% to end at 23,053.99.

The decline comes after Chicago Federal Reserve President Austan Goolsbee expressed doubt about further rate cuts in a CNBC interview, citing the prolonged government shutdown as the reason for lack of recent inflation data.

Investors were also keeping a tight eye on the Supreme Court’s decision on President Donald Trump’s tariffs, with the majority of justices looking skeptical about his emergency powers

Watch Out For This LevelArthur Azizov, founder and investor at B2 Ventures, admitted in a note to Benzinga that Bitcoin's decline is affecting broader cryptocurrency sentiment.

"Despite ongoing liquidity shortages and heightened investor caution, I believe the $100,000 level is likely to hold as Bitcoin's base in the near term," the analyst projected.

Azizov added that If the Fed really "resumes money printing earlier than expected," it could be a bullish signal for risk assets in the long run.

Widely followed cryptocurrency analyst Ali Martinez highlighted that Bitcoin has historically rebounded when realized losses fall below 12%.

"It's now at -11%, signaling a potential rebound ahead," Martinez predicted.

Read Next:    

Cathie Wood’s New Bitcoin Target: ‘Only’ $1.2 Million By 2030—And Stablecoins Are To ‘Blame’
Photo courtesy: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Bitcoin's institutional wave is surging as smart money fuels a potential record-breaking year-end rally. With deep-pocketed investors dominating flows into ETFs, momentum is building for a powerful breakout that could redefine the crypto market's trajectory.

Weaker-than-expected US labor market data added to the negative sentiment. Challenger job quits surged from 54.064k in September to 153.074k in October, raising concerns about the US economic outlook. October’s data triggered a flight-to-safety, leaving the Nasdaq Composite Index down 1.9%, while USD/JPY slid 0.68% to 153.057.

Ripple Unveils Strategic $500 million Wall Street Investment
While XRP extended November’s losses, Ripple made several key announcements at Ripple Swell 2025, cushioning the downside.

Ripple President Monica Long recapped headlines from Swell, stating:

“Huge corporate news with today’s $500 (million) investment in Ripple from Fortress, Citadel, Pantera, Galaxy, Brevan Howard, and Marshall Wace – clear validation of how far we’ve come, and our strategy moving forward.”

Crucially, the $500 million investment signaled a big turnaround in sentiment toward Ripple and its expansion onto Main Street, further legitimizing XRP.

Other announcements included collaboration with Mastercard, WebBank, and Gemini, potentially boosting demand for XRP. Monica Long commented:

“Today, we also announced that we’re collaborating with Mastercard, WebBank, and Gemini to use RLUSD on the XRP Ledger to settle fiat credit card transactions onchain. This will mark one of the first instances of a regulated US bank settling traditional card transactions using regulated stablecoin on a public blockchain.”

These latest developments, alongside Ripple Prime’s launch, come at a pivotal time, with the expected launch of XRP-spot ETFs.

Ripple CEO Brad Garlinghouse recently highlighted XRP’s central role in the expansion plans, stating:

“With today’s close of Hidden Road (now Ripple Prime), Ripple has announced 5 major acquisitions in ~2 years (GTreasury last week, Rail in August, Standard Custody in 2024, Metaco in 2023). As we continue to build solutions towards enabling an Internet of Value – I’m reminding you all that XRP sits at the center of everything Ripple does. Lock in.”

XRP Wallet Growth Signals Long-Term Investor Optimism
The positive outlook has cushioned the downside ahead of XRP-spot ETF launches, with investors buying the dip. Market intelligence platform Santiment commented:

“XRP’s price has bounced back, and users who bought the dip have enjoyed a nice +12% jump in the past 24 hours. Notably, XRP Ledger data indicates there were 21,595 new XRP wallets created in a 48-hour span in the past couple days, the highest level of growth in 8 months.”

Canary Funds, Bitwise Invest, and Franklin Templeton filed amended S-1s with shortened language to circumvent the US government shutdown. The amendments removed the ‘delaying amendment’ language that gave the SEC regulatory control over spot ETF launches. The amended terms would allow ETF issuers to launch their ETFs after a 20-day waiting period.

CryptoAmerica host and journalist Eleanor Terrett recently stated that Canary Funds’ XRP-spot ETF could launch on November 13 if the Nasdaq approves its 8-A filing.

Robust institutional demand may support a move toward $3, potentially paving the way to new all-time highs.

Technical Outlook: Key XRP Price Levels
XRP slid 5.56% on Thursday, November 6, partially reversing the previous day’s 6.21% gain to close at $2.2125. The token underperformed the broader crypto market, which fell 2.41%.

November’s 12.42% loss, following October’s 11.84% drop, left the token trading well below the 50-day and 200-day Exponential Moving Averages (EMAs), indicating strong bearish momentum. Crucially, the 50-day EMA crossed through the 200-day EMA, indicating further losses on technical signals. However, certain key events could override the technicals and trigger a rebound.

Key technical levels to watch include:

Support levels: $2.2, $2.0, and $1.9.
200-day EMA resistance: $2.5898.
50-day EMA resistance: $2.5826.
Resistance levels: $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

After an intense sell-off that drove Bitcoin below the six-figure mark, the world’s largest cryptocurrency has regained some ground, trading above $100,000 once again. The recovery has brought cautious optimism across the market, though experts remain divided on whether it marks the start of a lasting rebound or simply a brief pause in the ongoing correction.

According to CoinGecko, Bitcoin climbed from an intraday low of $99,600 to around $103,400, signaling renewed activity among buyers. While the uptick has improved short-term sentiment, analysts warn that it may be too soon to call a full recovery.

Bitcoin Regains Key Levels After Steep Decline
Data shows that 28.1% of Bitcoin’s circulating supply is currently held at a loss — a level that has historically preceded strong price recoveries. CryptoQuant reports that similar loss ratios in April 2025 and September 2024 led to major rallies of 70% and 125%, respectively.

On-chain analyst Willy Woo noted that liquidity behind Bitcoin has begun to recover, with early signs of stabilization appearing across spot exchanges. He suggested that a confirmed reversal could form within two weeks if accumulation trends continue.

Experts Urge Caution Amid Technical Rebound
Despite improved sentiment, many analysts see the current movement as technical rather than fundamental.

Shawn Young, Chief Analyst at MEXC Research, believes the recent upturn is driven largely by short-covering and spot inflows rather than long-term conviction.

“This is a technically driven rebound,” Young said. “For it to evolve into a genuine recovery, we need sustained accumulation from long-term holders and stable funding rates.”

Young added that the market remains fragile, and traders should watch for confirmation before assuming the worst is over.

Institutional Views Remain Divided
Institutional investors have also adopted a mixed outlook. Alex Thorn, Head of Research at Galaxy Digital, recently adjusted his year-end Bitcoin target from $185,000 to $120,000, reflecting a more cautious stance amid macroeconomic uncertainty.

Conversely, Jiehan Chen, Lead Analyst at Schroders, said that Bitcoin’s current price range near $100,000 could represent a strong accumulation zone for long-term investors.

“If Bitcoin maintains a weekly close above $103,000, we may see a mid-term recovery continuing into 2026,” Chen noted.

However, both analysts agree that broader market conditions — including liquidity trends and government policy decisions — will determine whether this bounce transforms into a sustained recovery.

Macroeconomic Factors Still Hold the Key
The global macro environment remains a crucial determinant of Bitcoin’s near-term direction. Uncertainty around the U.S. government shutdown, interest rate expectations, and fiscal policy continues to influence risk assets across markets.

Chen explained that a positive shift in macro conditions, such as government spending resuming or easing monetary policy, could restore investor confidence.

Without such changes, Bitcoin may remain volatile, with potential pullbacks toward $93,000–$88,000 if selling pressure returns.

On-Chain Indicators Offer Mixed Signals
While sentiment among traders remains cautious, certain on-chain metrics provide modest signs of stabilization:

Exchange reserves have stopped declining, suggesting that selling pressure is slowing.

Funding rates in derivatives markets have normalized, indicating a reduction in leveraged positions.

Whale wallets holding between 1,000 and 10,000 BTC have shown renewed accumulation activity over the past few days.

These indicators hint at improving market structure, though analysts stress that confirmation of a bottom requires consistent buying activity over a longer period.

Bulls See Opportunity, Bears See Resistance
For bullish traders, the recent pullback offers a potential buy-the-dip opportunity at discounted levels. Historically, periods of capitulation have paved the way for strong recovery phases as confidence rebuilds.

However, bears argue that Bitcoin’s recovery is part of a broader downtrend and remains vulnerable to another leg lower. They cite low spot volumes and reduced open interest in futures markets as signs of weak conviction among traders.

For now, the $103,000–$104,000 range serves as the key battleground. A decisive move above this level could open a path toward $110,000, while failure to hold it might trigger a retest of $93,000–$95,000.

Analysts Advise Patience and Confirmation
Experts recommend patience as the market works through its correction. Most agree that a weekly close above $103,000 and clear signs of long-term accumulation would confirm a stronger bottom.

Until then, traders should remain cautious of volatility and avoid aggressive positioning. As Young from MEXC Research put it, “The current relief phase is promising, but it’s still too early to call it a recovery.”

Conclusion
The latest Bitcoin price analysis highlights a cautiously improving outlook after weeks of intense pressure. The move above $100,000 has stabilized sentiment, but the debate continues over whether this rebound signals the start of a new cycle or a temporary pause in a broader correction.

With macroeconomic uncertainty still in play and institutional sentiment mixed, Bitcoin’s next direction will depend on on-chain accumulation, liquidity strength, and investor conviction.

For now, the crypto market stands at a crossroads — balancing early optimism with the realism of a market still healing from its recent decline.

Post Views: 49

Ripple’s Swell 2025 conference in New York has quickly become one of the most talked-about events in the crypto and finance world. Among the highlights was a statement from Maxwell Stein, a member of BlackRock’s digital assets team, that sent the audience into applause and resonated with enthusiasts on social media. 

He revealed that the global financial market is now ready for large-scale blockchain adoption, and the infrastructure being built by companies like Ripple could soon facilitate the movement of trillions of dollars on-chain.

BlackRock’s Maxwell Stein Says The Crypto Market Is Ready
During his session, Stein highlighted the transformation underway in global finance, noting that traditional securities are still held in legacy systems but that this separation between traditional and tokenized assets is gradually disappearing. 

He explained that in the short term, proving utility is the most important thing to gaining broader adoption and that there are currently two types of users driving this shift: those already in the crypto space and a second wave of early institutional adopters. 

Stein emphasized the need for continued market momentum to demonstrate the practical usefulness of blockchain solutions and attract larger financial players. “We need that market momentum in order to prove the utility, to actually get the larger players to eventually come in,” he said.

As noted by an XRP advocate with the name Diana on the social media platform X, Stein credited Ripple and other early builders for proving that blockchain works. Not as a concept, but as real financial infrastructure.

The idea that trillions in capital could eventually move through blockchain rails represents a fundamental change in how the world’s financial systems might operate. The idea sounded like a myth back when the crypto industry was first created. 

What once seemed like a distant fantasy in crypto’s early days has begun to take shape as reality, and big names like traditional finance are now moving into the crypto industry every day.

Nasdaq’s CEO Says Regulation Is Important
Nasdaq CEO Adena Friedman also shared her perspective at the event, focusing on the need for regulatory clarity to encourage broader institutional participation in the digital asset space. She explained that major institutions want to engage but require clearly defined rules that prioritize investor protection and establish stable frameworks. 

According to her, once such clarity is achieved, these institutions can confidently enter the market knowing that they are operating under secure and transparent guidelines.

Friedman added that significant progress is already happening within traditional finance, as many banks are experimenting with tokenized bonds, fixed income instruments, and the creation of stablecoins. 

This growing involvement is evidence that institutions are not waiting for innovation to reach them. They are actively finding ways to participate in the digital asset ecosystem while awaiting the full regulatory go-ahead. “But I think to get them really engaged in the market, there has to be regulatory clarity,” Friedman said.

XRP trading at $2.30 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Peakpx, chart from Tradingview.com

Altus Group Limited (AIF:CA) Q3 2025 Earnings Call November 6, 2025 5:00 PM EST

Company Participants

Camilla Bartosiewicz - Chief Communication Officer
Michael Gordon
Pawan Chhabra - Chief Financial Officer
Richard Sarkis

Conference Call Participants

Stephen MacLeod - BMO Capital Markets Equity Research
Gavin Fairweather - Cormark Securities Inc., Research Division
Erin Kyle - CIBC Capital Markets, Research Division
Paul Treiber - RBC Capital Markets, Research Division
Richard Tse - National Bank Financial, Inc., Research Division
Kevin Krishnaratne - Scotiabank Global Banking and Markets, Research Division

Presentation

Operator

Thank you for standing by. At this time, I would like to welcome everyone to the Altus Group's Third Quarter 2025 Financial Results Conference Call and webcast. [Operator Instructions]

I would now like to turn the call over to Camilla, Chief Communications Officer. You may begin.

Camilla Bartosiewicz
Chief Communication Officer

Thank you, operator. Hello, everyone, and welcome to the conference call and webcast discussing Altus Group's Q3 results for the period ended September 30, 2025. Our press release, MD&A, financial statements, and the slides accompanying our prepared remarks are all available on our website and as required, have been filed to SEDAR+ after market close this afternoon.

In conjunction with our earnings release this afternoon, Altus Group also announced that our CEO, Jim Hannon, has departed the company effective immediately. Mike Gordon, Altus Group's former CEO and Director since 2020, has been appointed Executive Chair effective immediately and has agreed to assume the CEO role in Q1 2026. Concurrently, Raymond Mikulich is stepping down from the Chair role and remaining on the Board as a Director. The press release can also be found on our website. I'm joined today by Pawan as well as Mike Gordon. We also have Rich Sarkis, the President of Software and Data, joining us for the Q&A portion of the call.

Some

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