Market Signal Briefing

PERTH, Australia--(BUSINESS WIRE)--Woodside Energy Group (ASX: WDS) (NYSE: WDS):

2025 full-year guidance

Prior

Current

Comments

Production

MMboe

188 - 195

192 - 197

Continued strong performance across assets

Unit production cost

$/boe

8.0 - 8.5

7.6 - 8.1

Continued strong performance from Sangomar and US assets

Property, plant and equipment depreciation and amortisation

$ million

4,700 - 5,000

4,800 - 5,100

Exploration expenditure

$ million

200

No change

Payments for restoration

$ million

700 - 1,000

No change

Gas hub exposure3

% of produced LNG

28 - 35

27 - 31

Capital expenditure (excluding Louisiana LNG)45

$ million

4,000 - 4,500

3,700 - 4,000

Timing of sustaining capital expenditure and Scarborough; no impact to total cost or start-up schedule.

Louisiana LNG expenditure5,6

$ million

1,000 -1,200

No change

Woodside CEO Meg O’Neill said the company maintained excellent operational performance over the quarter, while efficiently executing a global portfolio of growth projects to drive long-term shareholder value.

“Woodside delivered increased quarterly production of 51 million barrels of oil equivalent. Sangomar maintained its exceptional performance, producing 99 thousand barrels of oil per day at 98.2% reliability. Our Australian assets also demonstrated outstanding reliability of 100% at Pluto LNG and 99.9% at the North West Shelf Project.

“We received final Australian Government approval during the quarter for the North West Shelf Project Extension, providing certainty for ongoing operations and reliable energy supply from this high-quality asset.

“Our agreement to assume operatorship of the Bass Strait assets further strengthens Woodside’s Australian operations portfolio and unlocks potential development of additional gas resources.

“We continued safe delivery of Woodside’s major growth projects to schedule and budget.

“Strong momentum on delivery of the Scarborough Energy Project continues, which is now 91% complete and on track for first LNG in the second half of 2026. During the quarter, three more development wells were drilled with reservoir quality and well deliverability expectations in line with pre-drill estimates, and pre-commissioning of the subsea infrastructure was completed.

“Our Beaumont New Ammonia Project is 97% complete, with key systems now operational and commissioning activities underway. We continue to target first ammonia production in late 2025.

“Our Louisiana LNG Project, comprising three trains, has ramped up with more than 1,000 personnel now on site and construction is 19% complete. Strong support for the project from state and federal governments and the Louisiana community was in evidence at our groundbreaking ceremony in September.

“Customer demand for Woodside’s LNG remains robust. Our fully termed sales and purchase agreement with PETRONAS will see Woodside supply one million tonnes per annum of LNG to Malaysia from 2028 for a 15-year period. Under our heads of agreement with BOTAŞ, Woodside will supply the Turkish company with approximately 0.5 million tonnes per annum of LNG over nine years from 2030, subject to entering a binding sales and purchase agreement.

“Woodside continues to support our customers’ decarbonisation efforts. During the quarter, we signed a memorandum of understanding with Japan Suiso Energy and The Kansai Electric Power Co. to collaborate on the proposed development of a liquid hydrogen supply chain between Western Australia and Japan, centred on our proposed H2Perth Project. The Premier of Western Australia attended the signing event, highlighting the significance of this opportunity.”

Q3

2025

Q2

2025

Change

%

Q3

2024

Change

%

YTD

2025

YTD

2024

Change

%

Revenue7

$ million

3,359

3,275

3%

3,707

(9%)

9,949

9,695

3%

Production8

MMboe

50.8

50.1

1%

53.1

(4%)

149.9

142.4

5%

Gas

MMscf/d

1,827

1,825

—

2,001

(9%)

1,831

1,939

(6%)

Liquids

Mbbl/d

231

230

—

226

2%

228

180

27%

Total

Mboe/d

552

550

—%

577

(4%)

549

520

6%

Sales9

MMboe

55.0

54.4

1%

56.1

(2%)

159.6

149.9

6%

Gas

MMscf/d

2,116

2,050

3%

2,172

(3%)

2,043

2,079

(2%)

Liquids

Mbbl/d

226

238

(5%)

228

(1%)

226

182

24%

Total

Mboe/d

598

598

—%

609

(2%)

585

547

7%

Average realised price

$/boe

60

59

2%

65

(8%)

61

63

(3%)

Capital expenditure

$ million

1,323

752

76%

3,033

(56%)

3,881

5,423

(28%)

Capex excluding Louisiana LNG10

$ million

1,047

868

21%

1,133

(8%)

2,820

3,523

(20%)

Louisiana LNG11

$ million

276

(116)

338%

—

—

1,061

—

—

Acquisitions

$ million

—

–

—

1,900

(100%)

—

1,900

(100%)

Pluto LNG

Achieved quarterly LNG reliability of 100%.

The XNA-03 infill well is progressing toward RFSU, targeted in H1 2026.

North West Shelf (NWS) Project

Achieved strong quarterly LNG reliability of 99.9%.

Completed planned maintenance offshore at North Rankin and onshore at Karratha Gas Plant (KGP), with production recommencing as planned.

Successfully started the Lambert West development well, tied back to the Angel platform.

Received the final environmental approval from the Australian Government on the NWS Project Extension, enabling processing of remaining infill and near-field opportunities from existing NWS reserves beyond 2030 and gas from other resource owners. Woodside has assessed the work required to meet the federal conditions; there is no material increase expected to forecast capital expenditure to maintain ongoing North West Shelf production. The federal conditions provide clarity on the modifications required at KGP that will support processing of other resource owners’ gas.

Subsequent to the quarter, two separate legal proceedings were commenced in the Federal Court of Australia challenging the Australian Government's decision to approve the NWS Project Extension.

Wheatstone and Julimar-Brunello

Progressed the Julimar Phase 3 Project, a four-well tieback to the existing Julimar field production system. Drilling activities commenced in the quarter, with project startup targeted in 2026.

Completion of the asset swap with Chevron remains targeted for 2026.12

Bass Strait

Agreed to assume operatorship of the Bass Strait assets from ExxonMobil Australia, with completion targeted for 2026.13 Four potential development wells have been identified that could deliver up to 200 PJ of sales gas to the market, subject to further technical maturation and a final investment decision. This potential production has been identified from within the existing contingent resource opportunity set.14

Delivered reliability of 90.5% during the peak winter period, the first winter post completion of the Gippsland Asset Streamlining Project.

Progressed the Kipper 1B Project with drilling activities completed subsequent to the end of the period.

Sangomar

Achieved average daily production rate of 99 Mbbl/d (100% basis, 82 Mbbl/d Woodside share) at 98.2% reliability.

Strong field performance in the S500 reservoirs resulted in an additional 18.4 million barrels of proved (1P) reserves being added in July.15

Production from the Sangomar field remained on plateau through the quarter, with the field expected to come off plateau during Q4 2025.

Recognised as International Local Content Champion of the Year by African Energy Week 2025 for commitment to building local capacity and fostering skills transfer.

United States of America

Achieved strong quarterly production at Shenzi, supported by reliability of 97.1%.

Commenced drilling activities on the Atlantis Drill Center 1 Expansion Project.

Achieved first production from the Argos Southwest Extension Project in August, 25 months after finishing the appraisal well.

Greater Angostura

On 11 July 2025, completed the divestment of the Greater Angostura assets to Perenco which includes Woodside’s interest in the shallow water Angostura and Ruby offshore oil and gas fields, associated production facilities, and onshore terminal, receiving cash of $259 million.16

Signed a fully termed sales and purchase agreement with PETRONAS LNG Ltd, a subsidiary of Petroliam Nasional Berhad (PETRONAS), for the supply of 1 Mtpa of LNG to Malaysia from 2028 for a period of 15 years.

Signed a heads of agreement with Boru Hatlarıile Petrol Taşıma A.Ş. (BOTAŞ), for the supply of approximately 0.5 Mtpa of LNG from 2030, for a period of up to nine years. Supply will primarily be from the Louisiana LNG Project. The supply arrangement is subject to the parties entering a binding sales and purchase agreement.

Woodside held a naming ceremony for two new LNG charter vessels, the Woodside Jirrubakura and the Woodside Barrumbara. The Woodside Jirrubakura was delivered during the quarter and will support the start-up of the Scarborough Energy Project.

Executed incremental pipeline gas sales of:

4.9 PJ in Western Australia for delivery in 2025. Woodside continues to engage with the Western Australian domestic market on additional spot supply and requirements for 2026 and 2027.

29.2 PJ in Eastern Australia for delivery in 2026 and 2027.

Supplied 29.8% of produced LNG at prices linked to gas hub indices in the quarter, realising a $2.4/MMBtu premium compared to oil-linked pricing. This represents 10.9% of Woodside’s total equity production.

Signed a non-binding memorandum of understanding with Hyundai Engineering and Hyundai Glovis, establishing a strategic framework to collaborate on LNG project development, engineering services and shipping logistics.

Scarborough Energy Project

The Scarborough and Pluto Train 2 Projects were 91% complete at the end of the quarter (excluding Pluto Train 1 modifications).

Continued integration and commissioning activities for the floating production unit ahead of China departure in November.

Continued drilling of the development wells with the fourth, fifth and sixth wells drilled and completed. Subsequent to the period, the seventh development well was drilled. Reservoir quality and well deliverability expectations continue to be in line with pre-drill estimates.

Completed the installation, testing and pre-commissioning of the subsea infrastructure.

Pluto Train 2 workforce numbers remain at peak levels. Key activities include piping and electrical installation, system testing and commissioning.

Completed installation of structural decks on the Pluto Train 1 modifications modules. Key activities include piping, electrical and equipment installation.

The Federal Court of Australia confirmed the validity of the National Offshore Petroleum and Safety and Environmental Management Authority’s acceptance of the Scarborough Offshore Facility and Trunkline (Operations) Environment Plan.

First LNG cargo is on track for the second half of 2026.

Beaumont New Ammonia

The Beaumont New Ammonia Project was 97% complete at the end of the quarter.

Pre-commissioning and commissioning activities for Train 1 remain underway. Key systems are now operational.

Catalyst loading in the ammonia converter has begun and commissioning of critical equipment is scheduled to begin in October.

First ammonia production is targeted for late 2025, subject to satisfying the commissioning and startup requirements for the facility.

Project completion and associated payment of the remaining 20% of the acquisition consideration is expected in 2026.

Trion

The Trion Project was 43% complete at the end of the quarter.

Progressed fabrication of the floating production unit hull and topside.

Commenced fabrication and progressed detailed engineering of the floating storage and offloading unit.

Progressed manufacturing of subsea equipment, with the first manifold completed.

Received regulatory approval for the Environmental Impact Assessment.

First oil is targeted for 2028.

Louisiana LNG

The Louisiana LNG Project, comprising three trains, was 19% complete and first LNG is targeted for 2029.

Train 1 was 25% complete at the end of the quarter. First deliveries of structural steel and process piping were received for Train 1 construction.

Train 2 and 3 were 14% and 12% complete respectively at the end of the quarter. Foundation work for both are underway.

Commenced LNG tank vertical construction.

Continued focus on progressing the marine offloading facility, marine dry excavation, and civil works.

Progressed securing rights of way for new build pipeline (Line 200) to terminal, currently secured 55% by length.

Received approval of the Quality Jobs incentive application from the Louisiana Board of Commerce and Industry. The incentive is estimated to provide $132 million in rebates for the Project.

Hydrogen Refueller @H2Perth

The Hydrogen Refueller @H2Perth is a self-contained hydrogen production, storage and refuelling station located in Perth, Western Australia.

Commissioning activities have commenced on site in preparation, ready for startup in Q4 2025.

First hydrogen production is targeting the first half of 2026.17

Recommenced offshore decommissioning execution activities on Stybarrow and Griffin in accordance with revised General Direction requirements.

Completed removal of xmas trees from the ten Stybarrow wells and commenced removal of associated wellheads with four wellheads removed in Q3.

Completed removal of Griffin mid-depth buoy chains.

Commenced preparations for planned removal of the Echo Yodel umbilical in Q4 2025.

In Bass Strait, 11 wells were plugged in the quarter. Received funding approval for the offshore platform removal campaign 1 project and progressed environmental approvals.

Browse

In August, the Western Australian Environmental Protection Authority accepted an amendment to the Browse to North West Shelf Project proposal, which reflects changes to the development footprint and new environmental measures.

In September, the Department of Climate Change, Energy, the Environment and Water (DCCEEW) accepted the corresponding amendment to the Commonwealth Browse to North West Shelf Project proposal.

Following the referral of the Browse CCS Project in October 2024, awaiting a decision by DCCEEW on the assessment approach and corresponding level of assessment for the Browse CCS Project environmental proposal under the Environment Protection and Biodiversity Conservation Act.

Engaged contractors to progress pre-FEED engineering scopes for floating production, storage and offtake facilities.

Sunrise

Woodside remains engaged with both the Timor-Leste and Australian Governments, as well as the Sunrise Joint Venture participants, to evaluate and address technical and commercial factors that support the intended development of the fields.

Following Woodside’s visit to Timor-Leste’s south coast as a potential location for processing Sunrise gas, a reciprocal visit was hosted in Karratha and Perth for the Timor-Leste Minister of Petroleum and Mineral Resources and a senior Timorese delegation to demonstrate Woodside’s LNG project execution skills and capabilities.

Calypso

The Calypso Joint Venture continues to review development options. Concept select engineering studies to mature the technical and commercial definition were completed in Q3.

Exploration

Acquired 17.5% working interest across five blocks in the Green Canyon (United States) offshore area.

The Bandit-1 well (non-operated) was spud in September 2025 in permit area GC 680.

H2 Perth

Woodside Energy, Japan Suiso Energy, Ltd. and The Kansai Electric Power Co., Inc. have signed a memorandum of understanding to collaborate on the development of a liquid hydrogen supply chain between Australia and Japan, centered on Woodside's proposed H2Perth Project.

Carbon capture and storage (CCS) opportunities

The Bonaparte CCS Assessment Joint Venture continued with pre-front end engineering design.

Woodside continues to assess the South East Australia CCS opportunity.

Climate and sustainability

On track to meet Woodside’s target of reducing net equity Scope 1 and 2 greenhouse gas emissions by 15% by 2025.18,19

Released Woodside’s 2024 Reconciliation Action Plan Report. The report outlines progress against four pillars: Respect for Culture and Heritage, Capability and Capacity, Economic Participation and Stronger Communities.

Hedging

As at 30 September 2025, delivered approximately 83% of the 30 MMboe of 2025 oil production that was previously hedged at an average price of $78.7 per barrel.

The realised value of all hedged positions for the period ended 30 September 2025 is an estimated pre-tax profit of $139 million, with a $135 million profit related to oil price hedges offset by a $16 million loss related to Corpus Christi hedges, and a $20 million profit related to other hedge positions. Hedging profits will be included in ‘other income’ except hedging profits related to interest rate swaps which will be included in ‘finance income’ in the financial statements.

Funding and liquidity

As at 30 September 2025, Woodside had liquidity of approximately $8,300 million.

Embedded commodity derivative

In 2023, Woodside entered into a revised long-term gas sale and purchase contract with Perdaman. A component of the selling price is linked to the price of urea, creating an embedded commodity derivative in the contract. The fair value of the embedded derivative is estimated using a Monte Carlo simulation model.

As there is no long-term urea forward curve, Title Transfer Facilities (TTF) continues to be used as a proxy to simulate the value of the derivative over the life of the contract.

For the quarter ended 30 September 2025, an unrealised loss of approximately $15 million is expected to be recognised through other income.

Capital Markets Day

Woodside’s Capital Markets Day 2025 will be held on Wednesday, 5 November 2025, commencing at 9:30 AEDT / 6:30 AWST / 16:30 CST (Tuesday, 4 November 2025).

A live webcast of the event will be available at https://meetings.lumiconnect.com/300-031-281-118.

Upcoming events 2025-2026

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

Gas

MMscf/d

1,827

1,825

2,001

1,831

1,939

Liquids

Mbbl/d

231

230

226

228

180

Total

Mboe/d

552

550

577

549

520

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

AUSTRALIA

LNG

North West Shelf

Mboe

5,895

5,375

7,029

17,665

22,309

Pluto20

Mboe

12,328

11,097

12,007

33,855

35,487

Wheatstone

Mboe

2,677

2,424

2,565

7,523

6,881

Total

Mboe

20,900

18,896

21,601

59,043

64,677

Pipeline gas

Bass Strait

Mboe

3,929

3,653

4,069

10,774

9,838

Other21

Mboe

3,921

3,975

4,016

11,703

11,142

Total

Mboe

7,850

7,628

8,085

22,477

20,980

Crude oil and condensate

North West Shelf

Mbbl

1,093

912

1,265

3,111

3,937

Pluto20

Mbbl

989

899

966

2,745

2,830

Wheatstone

Mbbl

471

419

474

1,331

1,316

Bass Strait

Mbbl

505

457

701

1,364

1,696

Macedon & Pyrenees

Mbbl

347

558

633

1,274

849

Ngujima-Yin

Mbbl

960

1,084

1,231

2,769

3,091

Okha

Mbbl

575

587

615

1,474

1,572

Total

Mboe

4,940

4,916

5,885

14,068

15,291

NGL

North West Shelf

Mbbl

258

207

288

695

857

Pluto20

Mbbl

65

52

55

169

168

Bass Strait

Mbbl

842

753

1,152

2,263

2,925

Total

Mboe

1,165

1,012

1,495

3,127

3,950

Total Australia22

Mboe

34,855

32,452

37,066

98,715

104,898

Mboe/d

379

357

403

362

383

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

INTERNATIONAL

Pipeline gas

USA

Mboe

491

409

327

1,278

1,011

Trinidad & Tobago

Mboe

242

2,205

2,289

4,863

6,528

Other23

Mboe

6

5

-

34

-

Total

Mboe

739

2,619

2,616

6,175

7,539

Crude oil and condensate

Atlantis

Mbbl

2,783

2,604

2,351

7,859

6,811

Mad Dog

Mbbl

2,310

2,470

2,363

7,357

8,072

Shenzi

Mbbl

2,088

2,021

2,047

6,431

6,785

Trinidad & Tobago

Mbbl

13

93

143

205

363

Sangomar

Mbbl

7,516

7,396

5,902

21,922

6,442

Other23

Mbbl

5

-

81

5

243

Total

Mboe

14,715

14,584

12,887

43,779

28,716

NGL

USA

Mbbl

442

398

515

1,238

1,263

Other23

Mbbl

3

3

-

18

-

Total

Mboe

445

401

515

1,256

1,263

Total International

Mboe

15,899

17,604

16,018

51,210

37,518

Mboe/d

173

193

174

188

137

Total Production

Mboe

50,754

50,056

53,084

149,925

142,416

Mboe/d

552

550

577

549

520

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

Gas

MMscf/d

2,116

2,050

2,172

2,043

2,079

Liquids

Mbbl/d

226

238

228

226

182

Total

Mboe/d

598

598

609

585

547

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

AUSTRALIA

LNG

North West Shelf

Mboe

4,743

5,059

7,353

16,689

22,442

Pluto

Mboe

13,609

11,969

12,014

35,254

35,276

Wheatstone24

Mboe

1,623

3,346

3,345

7,186

8,104

Total

Mboe

19,975

20,374

22,712

59,129

65,822

Pipeline gas

Bass Strait

Mboe

4,070

3,620

4,163

10,989

10,241

Other25

Mboe

4,028

3,833

3,816

11,445

10,145

Total

Mboe

8,098

7,453

7,979

22,434

20,386

Crude oil and condensate

North West Shelf

Mbbl

1,194

616

1,253

3,039

4,371

Pluto

Mbbl

1,338

650

858

2,693

2,781

Wheatstone

Mbbl

417

651

360

1,402

1,355

Bass Strait

Mbbl

531

599

662

1,664

1,530

Ngujima-Yin

Mbbl

1,171

1,151

1,082

2,985

3,099

Okha

Mbbl

-

1,256

618

1,256

1,808

Macedon & Pyrenees

Mbbl

496

498

498

1,493

994

Total

Mboe

5,147

5,421

5,331

14,532

15,938

NGL

North West Shelf

Mbbl

430

-

249

907

770

Pluto

Mbbl

105

-

52

215

156

Bass Strait

Mbbl

374

1,010

1,142

1,610

2,288

Total

Mboe

909

1,010

1,443

2,732

3,214

Total Australia

Mboe

34,129

34,258

37,465

98,827

105,360

Mboe/d

371

376

407

362

385

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

INTERNATIONAL

Pipeline gas

USA

Mboe

344

324

286

962

908

Trinidad & Tobago

Mboe

243

2,233

2,004

4,750

6,067

Other26

Mboe

4

4

2

12

13

Total

Mboe

591

2,561

2,292

5,724

6,988

Crude oil and condensate

Atlantis

Mbbl

2,801

2,606

2,436

7,901

6,875

Mad Dog

Mbbl

2,310

2,485

2,489

7,415

8,158

Shenzi

Mbbl

2,094

2,030

2,032

6,326

6,814

Trinidad & Tobago

Mbbl

5

133

221

181

292

Sangomar

Mbbl

6,833

7,505

6,070

20,859

6,070

Other26

Mbbl

47

47

45

151

164

Total

Mboe

14,090

14,806

13,293

42,833

28,373

NGL

USA

Mbbl

440

385

388

1,196

1,255

Other26

Mbbl

2

2

1

6

7

Total

Mboe

442

387

389

1,202

1,262

Total International

Mboe

15,123

17,754

15,974

49,759

36,623

Mboe/d

164

195

174

182

134

MARKETING27

LNG

Mboe

5,492

2,337

2,077

10,579

6,756

Liquids

Mboe

249

64

555

417

1,163

Total

Mboe

5,741

2,401

2,632

10,996

7,919

Total Marketing

Mboe

5,741

2,401

2,632

10,996

7,919

Total sales

Mboe

54,993

54,413

56,071

159,582

149,902

Mboe/d

598

598

609

585

547

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

AUSTRALIA

North West Shelf

323

295

520

1,153

1,636

Pluto

1,000

827

920

2,539

2,556

Wheatstone28

135

255

265

589

676

Bass Strait

265

283

344

776

814

Macedon

44

52

48

148

147

Ngujima-Yin

88

86

94

231

277

Okha

-

90

51

90

147

Pyrenees

37

39

44

120

88

Total Australia

1,892

1,927

2,286

5,646

6,341

INTERNATIONAL

Atlantis

196

181

194

568

558

Mad Dog

150

161

192

501

645

Shenzi

142

138

160

447

555

Trinidad & Tobago29

6

78

63

150

162

Sangomar

477

510

464

1,468

464

Other30

2

4

3

9

13

Total International

973

1,072

1,076

3,143

2,397

Marketing revenue31

452

232

285

996

777

Total sales revenue32

3,317

3,231

3,647

9,785

9,515

Processing revenue

39

35

54

148

167

Shipping and other revenue

3

9

6

16

13

Total revenue

3,359

3,275

3,707

9,949

9,695

Units

Q3

2025

Q2

2025

Q3

2024

Units

Q3

2025

Q2

2025

Q3

2024

LNG produced

$/MMBtu

9.5

9.8

10.8

$/boe

60

62

68

LNG traded33

$/MMBtu

11.2

11.4

11.2

$/boe

71

72

71

Pipeline gas

$/boe

38

36

38

Oil and condensate

$/bbl

68

68

78

$/boe

68

68

78

NGL

$/bbl

41

43

48

$/boe

41

43

48

Liquids traded33

$/bbl

60

68

60

$/boe

60

68

60

Average realised price for pipeline gas:

Western Australia

A$/GJ

6.8

6.8

6.5

East Coast Australia

A$/GJ

12.9

13.4

14.2

International

$/Mcf

4.2

4.7

4.3

Average realised price

$/boe

60

59

65

Dated Brent

$/bbl

69

68

80

JCC (lagged three months)

$/bbl

75

79

88

WTI

$/bbl

65

64

75

JKM

$/MMBtu

12.5

12.5

12.4

TTF

$/MMBtu

11.7

12.2

11.2

Average realised price increased 2% from the prior quarter reflecting higher Dated Brent and West Texas Intermediate (WTI).

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

Evaluation capitalised34

8

17

6

37

60

Property plant & equipment

1,032

828

1,076

2,749

3,301

Other 35

7

23

51

34

162

Capital expenditure excluding Louisiana LNG

1,047

868

1,133

2,820

3,523

Louisiana LNG36

498

1,754

-

3,153

-

Cash contribution from Stonepeak37

(222)

(1,870)

-

(2,092)

-

Total Louisiana LNG

276

(116)

-

1,061

-

Total capital expenditure

1,323

752

1,133

3,881

3,523

Acquisitions38

-

-

1,900

-

1,900

Total

1,323

752

3,033

3,881

5,423

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

Scarborough

361

333

438

1,016

1,575

Trion

291

92

225

698

459

Sangomar

-

10

73

17

489

Other

395

433

397

1,089

1,000

Capital expenditure excluding Louisiana LNG

1,047

868

1,133

2,820

3,523

Q3

2025

Q2

2025

Q3

2024

YTD

2025

YTD

2024

Exploration capitalised34,39

17

-

-

22

22

Exploration and evaluation expensed40

46

46

90

127

190

Permit amortisation

2

-

2

5

8

Total

65

46

92

154

220

Trading costs

445

178

132

855

405

Region

Permit

area

Well

Target

Interest (%)

Spud date

Water

depth

(m)

Planned well

depth (m)41

Remarks

United States

GC 680

Bandit-1

Oil

17.5% Non-operator

2 September 2025

1,555

10,811

Drilling

Key changes to permit and licence holdings during the quarter ended 30 September 2025 are noted below.

Region

Permits or licence areas

Change in

interest (%)

Current

interest (%)

Remarks

United States

GC 679, GC 768

(14.4%)

17.5%

Licence assignment42

GC 680, GC 723, GC 724

17.5%

17.5%

Licence assignment42

MC 411, MC 412

(25%)

—

Licence expired

GC 80, GC 123

(75%)

—

Licence expired

GB 678, GC 663, GC 664, GB 630, GB 676, GB 677, GB 762, GB 805, GB 806, GB 851, GB 852, GB 895, GB 672, GB 716, GB 760

(100%)

—

Licence relinquished

EB 566, EB 567, EB 610, EB 611

(70%)

—

Licence relinquished

Average daily production rates (100% project) for the quarter ended 30 September 2025:

Woodside

share43

Production rate

(100% project,

Mboe/d)

Remarks

Sep

2025

Jun

2025

AUSTRALIA

NWS Project

LNG

29.33%

218

202

Production was higher due to planned maintenance in prior quarter.

Crude oil and condensate

29.53%

40

34

NGL

29.58%

9

8

Pluto LNG

LNG

90.00%

123

115

Production was higher due to increased reliability.

Crude oil and condensate

90.00%

11

10

Pluto-KGP Interconnector

LNG

100.00%

23

19

Production was higher due to greater processing capacity at the Karratha Gas Plant.

Crude oil and condensate

100.00%

1

1

NGL

100.00%

1

1

Wheatstone44

LNG

12.40%

235

231

Production was higher due to increased seasonal plant capacity.

Crude oil and condensate

16.31%

31

31

Bass Strait

Pipeline gas

45.48%

94

84

Production was higher due to increased seasonal demand.

Crude oil and condensate

45.29%

12

11

NGL

46.47%

20

18

Australia Oil

Ngujima-Yin

60.00%

17

20

Production was lower due to reliability.

Okha

50.00%

13

13

Pyrenees

63.34%

6

9

Other

Pipeline gas45

43

44

Woodside

share46

Production rate

(100% project,

Mboe/d)

Remarks

Sep

2025

Jun

2025

INTERNATIONAL

Atlantis

Crude oil and condensate

38.50%

79

74

Production was higher with new well online.

NGL

38.50%

7

6

Pipeline gas

38.50%

11

8

Mad Dog

Crude oil and condensate

20.86%

120

130

Production was lower due to planned Southwest Extension tie in works.

NGL

20.86%

4

4

Pipeline gas

20.86%

2

2

Shenzi

Crude oil and condensate

64.57%

35

34

NGL

64.63%

2

2

Pipeline gas

64.60%

1

1

Trinidad & Tobago

Crude oil and condensate

79.14%47

–

1

Greater Angostura divestment completed in July.

Pipeline gas

47.05%47

6

51

Sangomar

Crude oil

82.52%47

99

101

Forward looking statements

This report contains forward-looking statements with respect to Woodside’s business and operations, market conditions, results of operations and financial condition, including for example, but not limited to, outcomes of transactions, statements regarding long-term demand for Woodside’s products, potential investment decisions, development, completion and execution of Woodside’s projects, expectations regarding future capital expenditures, the payment of future dividends and the amount thereof, future results of projects, operating activities and new energy products, expectations and plans for renewables production capacity and investments in, and development of, renewables projects, expectations and guidance with respect to production, income, expenses, costs, losses, capital and exploration expenditure, gas hub exposure and expectations regarding the achievement of Woodside’s net equity Scope 1 and 2 greenhouse gas emissions reduction and other climate and sustainability goals. All statements, other than statements of historical or present facts, are forward-looking statements and generally may be identified by the use of forward-looking words such as ‘guidance’, ‘foresee’, ‘likely’, ‘potential’, ‘anticipate’, ‘believe’, ‘aim’, ‘aspire’, ‘estimate’, ‘expect’, intend’, ‘may’, ‘target’, ‘plan’, ‘strategy’, ‘forecast’, ‘outlook’, ‘project’, ‘schedule’, ‘will’, ‘should’, ‘seek’, and other similar words or expressions. Similarly, statements that describe the objectives, plans, goals or expectations of Woodside are forward-looking statements.

Forward-looking statements in this report are not guarantees or predictions of future events or performance, but are in the nature of future expectations that are based on management’s current expectations and assumptions. Those statements and any assumptions on which they are based are subject to change without notice and are subject to inherent known and unknown risks, uncertainties, contingencies and other factors, many of which are beyond the control of Woodside, its related bodies corporate and their respective officers, directors, employees, advisers or representatives. Important factors that could cause actual results to differ materially from those in the forward-looking statements and assumptions on which they are based include, but are not limited to, fluctuations in commodity prices, actual demand for Woodside’s products, currency fluctuations, geotechnical factors, drilling and production results, gas commercialisation, development progress, operating results, engineering estimates, reserve and resource estimates, loss of market, industry competition, sustainability and environmental risks, climate related transition and physical risks, changes in accounting, standards, economic and financial markets conditions in various countries and regions, political risks, the actions of third parties, project delay or advancement, regulatory approvals, the impact of armed conflict and political instability (such as the ongoing conflicts in Ukraine and in the Middle East) on economic activity and oil and gas supply and demand, cost estimates, legislative, fiscal and regulatory developments, including but not limited to those related to the imposition of tariffs and other trade restrictions, and the effect of future regulatory or legislative actions on Woodside or the industries in which it operates, including potential changes to tax laws, and the impact of general economic conditions, inflationary conditions, prevailing exchange rates and interest rates and conditions in financial markets and risks associated with acquisitions, mergers, divestitures and joint ventures, including difficulties integrating or separating businesses, uncertainty associated with financial projections, restructuring, increased costs and adverse tax consequences, and uncertainties and liabilities associated with acquired and divested properties and businesses.

A more detailed summary of the key risks relating to Woodside and its business can be found in the “Risk” section of Woodside’s most recent Annual Report released to the Australian Securities Exchange and in Woodside’s most recent Annual Report on Form 20-F filed with the United States Securities and Exchange Commission and available on the Woodside website at https://www.woodside.com/investors/reports-investor-briefings. You should review and have regard to these risks when considering the information contained in this report.

If any of the assumptions on which a forward-looking statement is based were to change or be found to be incorrect, this would likely cause outcomes to differ from the statements made in this report.

All forward-looking statements contained in this report reflect Woodside’s views held as at the date of this report and, except as required by applicable law, Woodside does not intend to, undertake to, or assume any obligation to, provide any additional information or update or revise any of these statements after the date of this report, either to make them conform to actual results or as a result of new information, future events, changes in Woodside’s expectations or otherwise.

Investors are strongly cautioned not to place undue reliance on any forward-looking statements. Actual results or performance may vary materially from those expressed in, or implied by, any forward-looking statements. None of Woodside nor any of its related bodies corporate, nor any of their respective officers, directors, employees, advisers or representatives, nor any person named in this report or involved in the preparation of the information in this report, makes any representation, assurance, guarantee or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any outcomes, events or results expressed or implied in any forward-looking statement in this report. Past performance (including historical financial and operational information) is given for illustrative purposes only. It should not be relied on as, and is not necessarily, a reliable indicator of future performance, including future security prices.

Other important information

All figures are Woodside share for the quarter ending 30 September 2025, unless otherwise stated.

All references to dollars, cents or $ in this report are to US currency, unless otherwise stated.

References to “Woodside” may be references to Woodside Energy Group Ltd and/or its applicable subsidiaries (as the context requires).

Notes to petroleum reserves and resources

The petroleum resource estimates are quoted as at the effective date of 30 September 2025, net Woodside share. For details of Woodside’s year end 2024 reserves position, see the Reserves and Resources Statement included in the 2024 Annual Report. US Investors should refer to “Additional information for US investors concerning reserves and resources estimates” below.

All numbers are internal estimates produced by Woodside. Estimates of reserves and contingent resources should be regarded only as estimates that may change over time as additional information becomes available.

The reference point is defined as the outlet of the floating production storage and offloading facility (FPSO).

‘Reserves’ are estimated quantities of petroleum that have been demonstrated to be producible from known accumulations in which the company has a material interest from a given date forward, at commercial rates, under presently anticipated production methods, operating conditions, prices, and costs. Woodside reports reserves inclusive of all fuel consumed in operations. Woodside estimates and reports its proved reserves in accordance with SEC regulations which are also compliant with the 2018 Society of Petroleum Engineers (SPE)/World Petroleum Council (WPC)/American Association of Petroleum Geologists (AAPG)/Society of Petroleum Evaluation Engineers (SPEE) Petroleum Resources Management System (PRMS) (SPE-PRMS) guidelines. SEC-compliant proved reserves estimates use a more restrictive, rules-based approach and are generally lower than estimates prepared solely in accordance with SPE-PRMS guidelines due to, among other things, the requirement to use commodity prices based on the average of first of month prices during the 12-month period in the reporting company’s fiscal year. Woodside estimates and reports its proved plus probable reserves in accordance with SPE-PRMS guidelines which are not compliant with SEC regulations.

Assessment of the economic value in support of an SPE-PRMS (2018) reserves and resources classification, uses Woodside Portfolio Economic Assumptions (Woodside PEAs). The Woodside PEAs are reviewed on an annual basis, or more often if required. The review is based on historical data and forecast estimates for economic variables such as product prices and exchange rates. The Woodside PEAs are approved by the Woodside Board. Specific contractual arrangements for individual projects are also taken into account.

Woodside uses both deterministic and probabilistic methods for the estimation of reserves and contingent resources at the field and project levels. All proved reserves estimates have been estimated using deterministic methods and reported on a net interest basis in accordance with the SEC regulations and have been determined in accordance with SEC Rule 4-10(a) of Regulation S-X.

‘MMboe’ means millions (106) of barrels of oil equivalent. Natural gas volumes are converted to oil equivalent volumes via a constant conversion factor, which for Woodside is 5.7 Bcf of dry gas per 1 MMboe. All volumes are reported at standard oilfield conditions of 14.696 psi (101.325 kPa) and 60 degrees Fahrenheit (15.56 degrees Celsius).

‘Proved reserves’ are those quantities of crude oil, condensate, natural gas and NGLs that, by analysis of geoscience and engineering data, can be estimated with reasonable certainty to be economically producible from a given date forward from known reservoirs and under existing economic conditions, operating methods, operating contracts, and government regulations. Proved reserves are estimated and reported on a net interest basis in accordance with the SEC regulations and have been determined in accordance with SEC Rule 4-10(a) of Regulation S-X.

‘Undeveloped reserves’ are those reserves for which wells and facilities have not been installed or executed but are expected to be recovered through future significant investments.

‘Probable reserves’ are those reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. Proved plus probable reserves represent the best estimate of recoverable quantities. Where probabilistic methods are used, there is at least a 50% probability that the actual quantities recovered will equal or exceed the sum of estimated proved plus probable reserves. Proved plus probable reserves are estimated and reported in accordance with SPE-PRMS guidelines and are not compliant with SEC regulations.

The estimates of petroleum reserves and contingent resources are based on and fairly represent information and supporting documentation prepared by, or under the supervision of, Mr Benjamin Ziker, Woodside’s Vice President Reserves and Subsurface, who is a full-time employee of the company and a member of the Society of Petroleum Engineers. The reserves and resources estimates included in this announcement are issued with the prior written consent of Mr Ziker. Mr Ziker’s qualifications include a Bachelor of Science (Chemical Engineering) from Rice University (Houston, Texas, USA) and 27 years of relevant experience.

Additional information for US investors concerning resource estimates

Woodside is an Australian company with securities listed on the Australian Securities Exchange and the New York Stock Exchange. As noted above, Woodside estimates and reports its proved reserves in accordance with SEC regulations, which are also compliant with SPE-PRMS guidelines, and estimates and reports its proved plus probable reserves and 2C contingent resources in accordance with SPE-PRMS guidelines. Woodside reports all petroleum resource estimates using definitions consistent with SPE-PRMS.

The SEC prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other than ‘reserves’ (as that term is defined by the SEC). In this announcement, Woodside includes estimates of quantities of oil and gas using certain terms, such as ‘proved plus probable (2P) reserves’, ‘best estimate (2C) contingent resources’, ‘reserves and contingent resources’, ‘proved plus probable’, ‘developed and undeveloped’, ‘probable developed’, ‘probable undeveloped’, ‘contingent resources’ or other descriptions of volumes of reserves, which terms include quantities of oil and gas that may not meet the SEC’s definitions of proved, probable and possible reserves, and which the SEC’s guidelines strictly prohibit Woodside from including in filings with the SEC. These types of estimates do not represent, and are not intended to represent, any category of reserves based on SEC definitions, and may differ from and may not be comparable to the same or similarly-named measures used by other companies. These estimates are by their nature more speculative than estimates of proved reserves and would require substantial capital spending over a significant number of years to implement recovery, and accordingly are subject to substantially greater risk of not being recovered by Woodside. In addition, actual locations drilled and quantities that may be ultimately recovered from Woodside’s properties may differ substantially. Woodside has made no commitment to drill, and likely will not drill, all drilling locations that have been attributable to these quantities. The Reserves Statement presenting Woodside’s proved oil and gas reserves in accordance with the regulations of the SEC is filed with the SEC as part of Woodside’s annual report on Form 20-F. US investors are urged to consider closely the disclosures in Woodside’s most recent Annual Report on Form 20-F filed with the SEC and available on the Woodside website at https://www.woodside.com/investors/reports-investor-briefings and its other filings with the SEC, which are available at www.sec.gov.

Refer to the Glossary in the Annual Report 2024 for definitions, including carbon related definitions.

Product

Unit

Conversion factor

Natural gas

5,700 scf

1 boe

Condensate

1 bbl

1 boe

Oil

1 bbl

1 boe

Natural gas liquids

1 bbl

1 boe

Facility

Unit

LNG Conversion factor

Karratha Gas Plant

1 tonne

8.08 boe

Pluto LNG Gas Plant

1 tonne

8.34 boe

Wheatstone

1 tonne

8.27 boe

The LNG conversion factor from tonne to boe is specific to volumes produced at each facility and is based on gas composition which may change over time.

Term

Definition

bbl

barrel

bcf

billion cubic feet of gas

boe

barrel of oil equivalent

GJ

gigajoule

Mbbl

thousand barrels

Mbbl/d

thousand barrels per day

Mboe

thousand barrels of oil equivalent

Mboe/d

thousand barrels of oil equivalent per day

Mcf

thousand cubic feet of gas

MMboe

million barrels of oil equivalent

MMBtu

million British thermal units

MMscf/d

million standard cubic feet of gas per day

Mtpa

million tonnes per annum

PJ

petajoule

scf

standard cubic feet of gas

TJ

terajoule

Refer to the Glossary in the Annual Report for definitions, including carbon related definitions.

1 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025.

2 The BOTAŞ supply arrangement is subject to the parties entering a binding sales and purchase agreement.

3 Gas hub indices include Japan Korea Marker (JKM), TTF and National Balancing Point (NBP). It excludes Henry Hub.

4 Capital expenditure includes the following participating interests; Scarborough (74.9%), Pluto Train 2 (51%) and Trion (60%). It excludes the remaining Beaumont New Ammonia acquisition expenditure and Louisiana LNG expenditure.

5 The guidance assumes no change to participating interests in 2025.

6 Lousiana LNG (100% Louisiana LNG LLC and 60% Louisiana LNG Infrastructure LLC) capital expenditure adjusted for the cash contributions from Stonepeak.

7 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $28 million in Q3 2024 and $14 million in YTD 2024. These amounts will be included within other income/(expenses) in the Financial Statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements.

8 Q3 2025 includes 0.32 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector. Percent change in total production may differ from percent change in daily production due to the number of days in each quarter.

9 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.29 MMboe in Q3 2024 and 0.20 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements.

10 Includes capital additions on property plant and equipment, evaluation capitalised and other corporate spend. Exploration capitalised has been reclassified from capital expenditure to other expenditure.

11 Capital expenditure for Louisiana LNG is presented as a net figure inclusive of cash contributions received from Stonepeak representing its share of the project's capital expenditure to date. Q3 2025 includes a $222 million cash contribution.

12 Completion of the transaction is subject to conditions precedent.

13 The transaction is subject to customary conditions precedent (including obtaining regulatory approvals).

14 Refer to Woodside’s Reserves and Resources Statement dated 17 February 2025 for further information on the Bass Strait reserves and resources.

15 Refer to page 8 of Woodside’s Half-Year Report 2025 dated 19 August 2025 and to Notes to petroleum reserves and resources on page 20 for details of disclaimers.

16 Includes a base purchase price of $206 million plus working capital completion adjustments, based on an effective date of 1 January 2025.

17 The project has received funding from the Hydrogen Fuelled Transport Project Funding Process as part of the Western Australian Government’s Renewable Hydrogen Strategy.

18 Targets are for net equity Scope 1 and 2 greenhouse gas emissions relative to a starting base of 6.32 Mt CO2-e which is representative of the gross annual average equity Scope 1 and 2 greenhouse gas emissions over 2016-2020 and which may be adjusted (up or down) for potential equity changes in producing or sanctioned assets with a final investment decision prior to 2021. Net equity emissions include the utilisation of carbon credits as offsets.

19 This means net equity Scope 1 and 2 greenhouse gas emissions for the 12-month period ending 31 December 2025 are targeted to be 15% lower than the starting base.

20 Q3 2025 includes 2.10 MMboe of LNG, 0.09 MMboe of condensate and 0.07 MMboe of NGL processed at the Karratha Gas Plant (KGP) through the Pluto-KGP Interconnector.

21 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects.

22 Q3 2025 includes 0.32 MMboe primarily from feed gas purchased from Pluto non-operating participants processed through the Pluto-KGP Interconnector.

23 Overriding royalty interests held in the USA for several producing wells.

24 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of 0.29 MMboe in Q3 2024 and 0.20 MMboe in YTD 2024. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements.

25 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects.

26 Overriding royalty interests held in the USA for several producing wells.

27 Purchased volumes sourced from third parties.

28 Restated to exclude periodic adjustments reflecting the arrangements governing Wheatstone LNG sales of $28 million in Q3 2024 and $14 million in YTD 2024. These amounts will be included within other income/(expenses) in the financial statements. Restatement allows for revenue presented in this quarterly report to reconcile to operating revenue, the IFRS measure presented in Woodside Financial Statements.

29 Includes the impact of periodic adjustments related to the production sharing contract (PSC).

30 Overriding royalty interests held in the USA for several producing wells.

31 Values include revenue generated from purchased LNG and Liquids volumes, as well as the marketing margin on the sale of Woodside’s produced LNG and Liquids portfolio. Marketing revenue excludes hedging impacts and cargo swaps where a Woodside produced cargo is sold and repurchased from the same counterparty to optimise the portfolio. The margin for these cargo swaps is recognised net in other income.

32 Referred to as ‘Revenue from sale of hydrocarbons’ in Woodside financial statements. Total sales revenue excludes all hedging impacts.

33 Excludes any additional benefit attributed to produced volumes through third-party trading activities.

34 Project final investment decisions result in amounts of previously capitalised exploration and evaluation expense (from current and prior years) being transferred to property plant & equipment. This table does not reflect the impact of such transfers.

35 Other primarily incorporates corporate spend including SAP build costs, other investments and other capital expenditure.

36 Capital expenditure for Louisiana LNG is presented at 100% working interest equity.

37 Cash contributions received from Stonepeak represent its share of the project’s capital expenditure since the effective date of 1 January 2025.

38 Acquisition of OCI’s Clean Ammonia Project in Beaumont, Texas.

39 Exploration capitalised has been reclassified from capital expenditure to other expenditure. Exploration capitalised represents expenditure on successful and pending wells, plus permit acquisition costs during the period and is net of well costs reclassified to expense on finalisation of well results.

40 Includes seismic and general permit activities and other exploration costs.

41 Well depths are referenced to the rig rotary table.

42Awaiting Bureau of Ocean Energy Management approval.

43 Woodside share reflects the net realised interest for the period.

44 The Wheatstone asset processes gas from several offshore gas fields, including the Julimar and Brunello fields, for which Woodside has a 65% participating interest and is the operator.

45 Includes the aggregate Woodside equity domestic gas production from all Western Australian projects.

46 Woodside share reflects the net realised interest for the period.

47 Operations governed by production sharing contracts.

This announcement was approved and authorised for release by Woodside’s Disclosure Committee.

Omnicom Group Inc. (NYSE:OMC) Q3 2025 Earnings Call October 21, 2025 4:30 PM EDT

Company Participants

Gregory Lundberg - Senior Vice President of Investor Relations
John Wren
Philip Angelastro - Executive VP & CFO
Paolo Yuvienco - Executive VP & Chief Technology Officer

Conference Call Participants

Adam Berlin - UBS Investment Bank, Research Division
David Karnovsky - JPMorgan Chase & Co, Research Division
Steven Cahall - Wells Fargo Securities, LLC, Research Division
Cameron McVeigh - Morgan Stanley, Research Division
Adrien de Saint Hilaire - BofA Securities, Research Division
Michael Nathanson - MoffettNathanson LLC
Craig Huber - Huber Research Partners, LLC

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 Omnicom Third Quarter 2025 Earnings Conference Call. [Operator Instructions] It is now my pleasure to turn today's call over to Greg Lundberg, Investor Relations. Please go ahead.

Gregory Lundberg
Senior Vice President of Investor Relations

Thank you for joining our third quarter earnings call. With me today are John Wren, Chairman and Chief Executive Officer; and Phil Angelastro, Executive Vice President and Chief Financial Officer. On our website, omc.com, you will find a press release and a presentation covering the information we'll review today. An archived webcast will be available when today's call concludes. Before we start, I would like to remind everyone to read the forward-looking statements and non-GAAP financial and other information that we've included at the end of our investor presentation.

Certain of the statements made today may constitute forward-looking statements. These represent our present expectations and relevant factors that could cause actual results to differ materially are listed in our earnings materials and in our SEC filings, including our 2024 Form 10-K. During the course of today's call, we will also discuss certain non-GAAP measures. You can find

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Momentum remains conflicted. The daily MACD is nearing a bullish crossover, a pattern that preceded June’s 60% ADA surge from the $0.53 zone to $0.93 within weeks.

Oversold oscillators (daily RSI 33, negative CCI, soft Awesome Oscillator) suggest sellers may be tiring into support, yet the ADX still favors the prevailing trend, arguing for patience until confirmation.

Technically, bulls must reclaim $0.664 and the 20-DMA to neutralize near-term downside. Above, $0.74–$0.77 (former support now resistance) and $0.80 align with a descending trendline from the Aug. 14 swing, forming a decisive ceiling.

A clean break and hold over $0.71–$0.74 (0.618 Fib confluence/EMA cluster) would strengthen the case for a trend reversal, and reopen talk of a move toward over $1.00 if momentum expands.

ADA's price trends to the downside on the daily chart. Source: ADAUSD on Tradingview
ADA Price Levels and Outlook: Support First, Then Confirmation

Near term, analysts see range-bound risk with downside skew. Models project $0.542–$0.590 over the next week if sellers press, with the Ichimoku Kijun support near $0.583 acting as a pivot.

Immediate levels to watch for Cardano (ADA) remain well-defined as the token trades within a tightening range. On the downside, support is seen at $0.639, followed by $0.602 and $0.583, with a breakdown below $0.60 likely to expose the $0.542 zone.

On the upside, resistance sits near $0.664, aligning with the 20-day moving average (20-DMA), while stronger hurdles appear around $0.74–$0.77 and the $0.80 trendline, which marks a key test for sustained bullish momentum.

Cover image from ChatGPT, ADAUSD chart from Tradingview

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Posted: October 22, 2025

Key takeaways
Are Bitcoin whales selling or accumulating?
Despite recent inflows, long-term netflows turned negative, so whales are accumulating.

Is Bitcoin gaining strength again?
Not yet. Two failed rallies and weak futures flows mean bulls are losing momentum.

Bitcoin [BTC] is holding key support, but the bulls are losing steam.

Despite a spike in whale inflows to Binance last week, long-term netflows have turned negative. Two recent attempts to regain momentum failed.

With price trading below its 30-day Fair Value and futures flows weakening, buyer strength looks exhausted. The market may be rebalancing before BTC’s next major move.

Whale inflows rise as BTC cools off
Binance data shows that BTC whales have been unusually active lately. The 7-day average of whale inflows (1,000-10,000 BTC) rose sharply last week, reaching levels last seen in July.

This typically happens when big players move coins to exchanges, possibly to rebalance portfolios or take profits.

Source: CryptoQuant

Interestingly, this uptick in inflows comes as Bitcoin’s price cools from its $124K high to the $104K-$110K range. Institutions aren’t backing off just yet, but they might simply be getting ready for what comes next.

Bulls lose their grip
After two failed comeback attempts on the 13th and the 20th of October, Bitcoin’s bullish energy seems to be running out.

Market analyst Axel Adler noted in an X (formerly Twitter) post that while the first push looked promising, it lost steam quickly. The second lacked any real strength to begin with.

Source: X

The key momentum index remains stuck below 45, firmly in bearish territory, while BTC continues to trade under its 30-day Fair Value.

Buyers are tired, and the market may be pausing before deciding BTC’s next big move.

Selling pressure cools

Solana eyes breakout as price nears resistance, while DeFi growth and ecosystem usage continue rising.

6 minutes ago

The team behind the Kadena blockchain said it is no longer able to continue business operations and will cease maintenance of the network immediately.

49

The native token behind the Kadena layer 1 blockchain plummeted 60% in 90 minutes on Tuesday after its founding team announced it was winding down and ceasing all network maintenance due to “market conditions.” 

In a post to X on Tuesday, Kadena said it “is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.”

“We are tremendously grateful to everybody who has participated in this journey with us. We regret that because of market conditions we are unable to continue to promote and support the adoption of this unique decentralized offering,” it said. 

Source: Kadena
The “blockchain for business” branded layer 1 was founded in 2016 by Stuart Popejoy and Will Martino.

Popejoy was previously the lead of JPMorgan’s former Blockchain Center of Excellence, while Martino, Kadena’s former CEO, had worked as a tech lead for the Securities and Exchange Commission’s cryptocurrency steering committee before focusing his efforts on Kadena full-time.

The shutdown shows how challenging it is for smaller blockchains to build a sustainable user base and turn a profit amid fierce competition from larger chains like Ethereum and Solana.

The Kadena (KDA) token once soared close to a $4 billion valuation in November 2021 but today sits at $30.9 million, CoinGecko data shows.

Change in KDA’s price over the last week. Source: CoinGecko
Kadena and KDA will remain onlineKadena said it would retain a small team to handle the wind-down period; however, independent validators will still be able to process transactions and mine blocks on Kadena’s proof-of-work blockchain, it noted.

“The Kadena blockchain is not owned or operated by the company. As a thoroughly decentralized proof-of-work smart-contract blockchain, the network is operated by independent miners, while onchain smart contracts and protocols are governed independently by their maintainers,” it explained. 

Kadena said it will soon “provide a new binary that ensures uninterrupted operation without our involvement, and will be encouraging all node operators to upgrade as soon as possible.”

Kadena still needs plan for unlocked KDA tokensThe KDA token will also continue, and the Kadena team said it will consult with the community on how it should distribute the 83.7 million KDA tokens scheduled to be released in November 2029.

There are another 566 million KDA tokens to be distributed as mining rewards until 2139, Kadena noted.

Magazine: Review: The Devil Takes Bitcoin, a wild history of Mt. Gox and Silk Road

Bitcoin prices have climbed since falling on October 17.

getty

Bitcoin prices have rallied over the last few days, climbing past $114,000 on Tuesday, October 21 as markets got their risk appetite back.

The world’s most prominent digital currency rose to as much as $114,082.29, according to Coinbase data from TradingView.

At this point, it was up roughly 10.2% from the multimonth low of approximately $103,500 it reached on Friday, October 17, additional Coinbase figures from TradingView reveal. That day, the the cryptocurrency reached its lowest point since late June.

“Bitcoin’s rebound appears driven by a combination of renewed risk appetite following expectations of a near-term Fed rate cut, easing macro concerns, and stabilization after last week’s leveraged liquidations,” Joe DiPasquale, CEO of cryptocurrency hedge fund manager BitBull Capital, said via email.

Marc P. Bernegger, cofounder of crypto fund of funds AltAlpha Digital, also highlighted a shift in sentiment, although he provided a different explanation for what caused this change.

“Recent signals of easing of strained relations between the U.S. and China have sparked a risk-on rally across assets,” he stated via emailed commentary. “President Trump’s October 14 comments on tariffs (initially escalating to 100% on Chinese imports) triggered a BTC dip to $105k, but Beijing’s October 19 response—easing export curbs—reversed sentiment overnight.”

“This led to $1.5 billion in spot market inflows, lifting BTC back above $114k,” Bernegger continued. The analyst highlighted the significant outflows that gold exchange-traded funds (ETFs) suffered last week, claiming that traders rotated out of the highly visible precious metal and into bitcoin as market sentiment is strained by concerns about global debt.

Independent cryptocurrency analyst Armando Aguilar also spoke to how many investors have been rotating into bitcoin.

“Gold and silver recently experienced their largest single-day declines in over a decade, which led investors to jump into Bitcoin and other digital assets,” he clarified through emailed commentary.

“Spot gold dropped as much as 6.3%, falling from a recent record high of $4,381 to $4,082.03 per ounce, representing its largest one-day percentage decline since 2013,” Aguilar noted. “Silver saw an even steeper fall, with spot prices plunging between 7% and 8.7%, reaching $47.89 per ounce—the most significant single-day drop since February 2021.”

The analyst also emphasized the notable rebound that bitcoin has experienced since its decline late last week. “BTC-rebounded from last Friday’s massive sell off, driven by long-term holders pulling coins off exchanges,” he stated.

Bitcoin-Fiat Disentanglement

Bitcoin has been moving out of tandem with fiat assets over the last few days, according to Tim Enneking, managing partner of Psalion. This is most certainly a positive development for the world’s most prominent digital currency, he claimed.

“BTC has been going through a fascinating couple of days,” he said via email. “Regardless of the direction of the move, the extremely positive point is that there has been little correlation between BTC and fiat markets (yesterday) and gold (today), which is fabulous!”

“The more the world judges BTC and other tokens on their own merits, and doesn’t lump them in with ‘risk-on’ assets, the better for BTC," Enneking continued.

The cryptocurrency generated significant visibility in the past for being part of an asset class that frequently moved out of tandem with more traditional assets like stocks and bonds, a development that was outlined in a 2016 white paper titled “Bitcoin: Ringing the Bell for a New Asset Class.”

This situation changed over time, as the correlation between bitcoin and stocks increased notably in 2020, according to data included in an article authored by CME Group economist Mark Shore.

“Daily returns data from January 2014 to April 2025 reveal a correlation of 0.2 between bitcoin and major equity indices,” the article stated.

“In 2020, the correlation between bitcoin and the S&P 500 and Nasdaq-100 indices shifted from being non-correlated to a positive relationship, with rolling correlations jumping to about 0.5,” the piece continued.

“The positive correlation is not limited to a single index,” the article added, stating that “This suggests that bitcoin’s performance is now more closely tied to the broader economic and market conditions.”

Ethereum (ETH) and Solana (SOL) may be forming potential “W bottoms,” according to John Bollinger, the creator of Bollinger Bands. His rare commentary on crypto markets has historically coincided with major market turning points, making this signal particularly noteworthy for traders and investors.

Oct 21, 2025 at 21:51 // News

Coinidol.com: Ark Labs officially launched the public beta of Arkade, a new Layer 2 scaling solution for Bitcoin.

This launch is highly notable as it represents the first major, independently developed scaling layer for Bitcoin since the Lightning Network's debut nearly a decade ago, marking a pivotal moment in the evolution of Bitcoin as a programmable asset.

Unlocking Bitcoin’s programmable potential

Historically, Bitcoin's robust security and decentralized nature have come at the cost of limited programmability, pushing advanced financial applications like decentralized finance (DeFi) and tokenization onto competing smart contract platforms like Ethereum and Solana. Arkade aims to solve this by virtualizing Bitcoin’s transaction layer to enable the creation of sophisticated decentralized applications (dApps) directly on Bitcoin's security-first foundation.

The core innovation lies in Virtual Transaction Outputs (VTXOs), which allow for near-instant off-chain transaction execution while maintaining a secure, one-to-one exit path back to the Bitcoin main chain. This approach allows developers to build complex applications such as Bitcoin-backed lending protocols, trading platforms, and smart wallets without relying on wrapped tokens or custodial compromises.

Furthermore, the technology leverages batch settlement to compress thousands of off-chain operations into a single Bitcoin mainnet transaction, dramatically reducing costs and increasing efficiency.

Introducing Arkade Assets for stablecoins and tokens

Accompanying the mainnet launch, Ark Labs unveiled Arkade Assets, a native asset framework designed to support multiple token types, most notably stablecoins. With over $200 billion in stablecoin value primarily residing on other chains, bringing a framework like this directly to the Bitcoin execution layer is seen as a crucial step for Bitcoin to capture a larger share of the digital finance market. The company has already announced plans for Tether (USDT) support, which would be a massive driver for decentralized trading and financial activity built on Bitcoin's unparalleled security.

The Arkade launch, after two years of development, addresses a long-standing challenge for the world's largest cryptocurrency, transforming it from primarily being "digital gold" into a robust platform for programmable finance.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

New reports reveal that institutional investors are pulling out of Bitcoin (BTC) and now moving funds into Ethereum (ETH), Solana (SOL), and XRP. According to a new CoinShares report, ETH, SOL, and XRP are seeing strong inflows as investors take advantage of price dips, even as BTC experiences one of the largest weekly outflows of the year. 

US Institutions Drive Largest Weekly Bitcoin Outflows
The CoinShares report, published on October 20, shows that digital asset investment products faced a tough week following the liquidity shock on Friday, October 10. Net outflows from crypto Exchange-Traded Products (ETPs) hit $513 million, marking one of the year’s largest weekly moves. This ultimately brought cumulative outflows since the liquidation event to $668 million, suggesting that ETP investors remained unfazed while on-chain investors turned more bearish. 

CoinShares reported that most of the selling pressure was heavily concentrated in the United States (US), which alone saw $621 million leave the market, as institutional investors offloaded Bitcoin positions in massive volumes. While the US experienced significant outflows, other countries like Germany recorded inflows of $54.2 million, Switzerland saw $48 million, and Canada added $42.4 million, as investors in those regions used the price drop to buy the dip. 

Source: Chart from CoinShares on X
Bitcoin was hit the hardest during the liquidity cascade, recording $946 million in outflows, according to CoinShares data. The widespread sell-off came as confidence among US institutional investors weakened following the Binance liquidity incident and the US 100% tariff hike on Chinese imported goods. 

CoinShares also disclosed that Bitcoin’s Year-to-Date (YTD) inflows now stand at $29.3 billion, falling short of the $41.7 billion recorded in 2024. Despite the sell-off, trading activity across the market stayed strong. Weekly trading volumes for digital asset ETP hit $51 billion, nearly double this year’s weekly average.   

Investors Dump BTC For Ethereum, Solana, And XRP
While institutions dumped Bitcoin, Ethereum, Solana, and XRP saw a wave of institutional buying. ETH led the inflows, pulling in $205 million as investors took the cryptocurrency’s weakness and price decline as a buying opportunity. A 2x leveraged Ethereum ETP also saw inflows totalling $457 million, marking the largest weekly inflow according to CoinShares. 

Solana and XRP followed closely, driven by growing anticipation over their potential ETP launches. CoinShares reported that SOL brought in $156 million, while XRP attracted $73.9 million in new inflows. These movements suggest that BTC is no longer dominating institutional portfolios and investors are growing increasingly bullish on the long-term potential of Ethereum, Solana, and XRP. 

According to the latest data from CoinMarketCap, the Bitcoin price has dropped over 3% and is currently at around $107,589. Ethereum has also declined by more than 4.8%, trading at $3,864, while Solana and XRP have fallen to $183 and $2.42, down by 4.78% and 1.23%, respectively.

BTC trading at $107,843 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from iStock, chart from Tradingview.com

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8 minutes ago

The partnership links Aave’s liquidity with Maple Finance’s institutional credit pools, introducing yield-bearing stablecoins to Aave's lending markets.

57

Lending protocol Aave has partnered with onchain credit platform Maple Finance to connect institutional capital with decentralized liquidity. 

Announced on Tuesday, the integration will introduce Maple’s yield-bearing stablecoins — syrupUSDC and syrupUSDT — to Aave. SyrupUSDC will be listed in Aave’s core market, while syrupUSDT will be available in its Plasma instance.

The tokens are backed by assets from Maple’s onchain credit pools, which manage billions of dollars in institutional capital from allocators and borrowers. According to Maple, the move is intended to “stabilize borrow demand and improve capital efficiency” across Aave’s markets.

Aave allows users to deposit crypto to earn yield or borrow against their holdings via smart contracts. By adding Maple’s collateral, the protocol seeks to diversify liquidity sources and balance borrowing activity, though it’s unclear how much institutional capital will flow through the integration.

Aave currently holds over $39 billion in total value locked (TVL), while Maple Finance has around 2.78 billion in TVL, according to DefiLlama data.

Edit the caption here or remove the textThe partnership comes less than a month after Aave announced plans to launch its V4 upgrade in late 2025, introducing a modular “hub-and-spoke” design featuring shared liquidity, new risk controls, and an improved liquidation engine.

Maple expands TVL in 2025Decentralized lending protocols rose more than 72% between the start of the year and Sept. 3, with the momentum coming from rising institutional use of stablecoins and tokenized real-world assets (RWAs), according to a Binance Research report.

“As stablecoin and tokenized asset adoption accelerates, DeFi lending protocols are increasingly positioned to facilitate institutional participation,” Binance said.

Maple Finance is riding the trend. According to onchain data, the total value locked on the protocol has surged to $2.78 billion from $296.9 million on Jan. 1, 2025.

The company expanded its syrupUSD stablecoin to the Solana blockchain in June, deploying it with $30 million in liquidity.

Maple Finance’s rebound comes after the company faced challenges in 2022 due to the collapse of FTX-Alameda, including loan defaults due to exposure to entities connected with FTX, like Orthogonal Trading.

Magazine: How Ethereum treasury companies could spark ‘DeFi Summer 2.0’

TL;DR

21Shares has filed for an Injective (INJ) ETF, aiming to capture growing institutional interest in the project.
The ETF would allow exposure to INJ without managing wallets or private keys, keeping tokens in cold storage and tracking their market price in real time.
If approved, the ETF would expand institutional adoption and increase Injective’s visibility.

21Shares has filed for an ETF focused on Injective (INJ), bringing this DeFi project closer to traditional investors. The proposal makes INJ one of the few digital assets with multiple ETFs in development, showing clear institutional demand for the token.

The ETF would let investors gain exposure to INJ without handling wallets or private keys. Tokens would be held in cold storage while users could monitor market prices in real time. The structure mirrors Bitcoin and Ethereum spot ETFs, integrating INJ into traditional financial frameworks in a practical and secure way.

Injective is a high-performance blockchain built for DeFi applications. Its network processes over 25,000 transactions per second, and its native token, INJ, secures the chain through a delegated proof-of-stake system. Its infrastructure combines exchange functionalities with Comet BFT consensus, solving issues of fragmented liquidity and slow transaction finality. This design enables developers to build fast, scalable DeFi applications on the network.

Injective as a Bridge Between DeFi and Traditional Markets
This month has been pivotal for crypto ETFs. The SEC has reviewed several filings, including those for XRP, Solana, Cardano, Litecoin, and HBAR. New regulatory guidelines have shortened approval timelines from roughly nine months to under three, accelerating what analysts describe as the second wave of ETFs centered on altcoins.

If approved, the Injective ETF would be key to strengthening the bridge between decentralized protocols and traditional financial markets, driving institutional participation in DeFi and increasing Injective’s market presence. It would also provide a practical tool for traditional investors to follow the performance of a DeFi protocol without directly managing tokens.

Financial institutions are increasingly recognizing the relevance of advanced blockchains. Digital assets can be integrated seamlessly into familiar instruments such as ETFs. The filing is currently under regulatory review, and both the market and the community are watching closely to assess the potential impact of an INJ ETF on network adoption and token liquidity

TLDR

Table of Contents

TLDRCompany Ceases Operations After Market DeclineKadena Token Drops Sharply in Market ReactionBlockchain to Remain Live Despite ClosureGet 3 Free Stock Ebooks

The company behind the Kadena blockchain has announced that it will immediately shut down all business operations.
Following the announcement, the Kadena Token dropped by more than 47% in value within hours.
The company stated that it can no longer continue due to unfavorable market conditions that are impacting its operations.
The Kadena blockchain will continue to operate, as independent miners and smart contract maintainers manage it.
The team confirmed it will provide a new binary to help node operators maintain uninterrupted network functionality.

The price of the Kadena Token plunged over 47% after the company behind it announced an immediate shutdown. The company stated it would end all business operations and maintenance related to the Kadena blockchain. Despite the shutdown, the decentralized Kadena blockchain will continue operating through independent miners.

Company Ceases Operations After Market Decline
Kadena’s organization confirmed on X that it will stop business activity and blockchain maintenance with immediate effect. The team cited harsh market conditions and said it can no longer support or promote the Kadena blockchain. “We are no longer able to continue business operations,” the company posted on X.

KADENA PUBLIC ANNOUNCEMENT

We regret to announce that the Kadena organization is no longer able to continue business operations and will be ceasing all business activity and active maintenance of the Kadena blockchain immediately.

We are tremendously grateful to everybody who…

— Kadena (@kadena_io) October 21, 2025

Despite the closure, the Kadena Token will still operate on-chain through decentralized infrastructure. Independent miners and developers maintain the proof-of-work network and its smart contracts. Kadena’s team emphasized it does not own or operate the decentralized blockchain.

The company said it would soon release a binary for node operators to ensure continued functionality without its involvement. It also urged node operators to upgrade quickly. This will ensure the Kadena blockchain remains functional independently, even after the company exits.

Kadena Token Drops Sharply in Market Reaction
The Kadena Token price fell to $0.121, down more than 47% following the announcement. According to CoinGecko, the Kadena Token is now over 99% below its 2021 peak of $27.64. The token’s decline reflects a decline in market confidence and lower trading volume.

Currently, the Kadena Token sees just $48 million in 24-hour trading activity, far behind major coins. Bitcoin’s daily trading exceeds $95 billion, while Ethereum handles over $42 billion. Kadena Token’s low volume highlights its declining market position in the cryptocurrency sector.

The sharp drop followed news that all corporate operations linked to the Kadena Token will cease. Market participants reacted swiftly to the development, triggering a steep selloff. This marks one of the steepest single-day drops in the Kadena Token’s history.

Blockchain to Remain Live Despite Closure
The Kadena blockchain will remain online, supported by global miners and protocol maintainers. The network employs a proof-of-work model similar to those used by Bitcoin and Dogecoin. Kadena’s founders claimed this setup ensures decentralization and continued operation.

In 2022, Kadena launched a $100 million grant for Web3 developers to build on its platform. However, that initiative failed to maintain momentum. The Kadena Token could not gain significant adoption or trading traction in competitive markets.

Kadena was started by two former JP Morgan blockchain developers, Stuart Popejoy and William Martino. They launched the mainnet in January 2020. The project once aimed to rival Bitcoin and offer businesses a trusted blockchain solution.

TLDR: 

ADA trades above $0.62 support, keeping the long-term triangle breakout setup alive.
MACD and RSI show early momentum shift, but no confirmed bullish signals yet.
ADA approaches descending trendline; breakout could open path toward $0.70 and higher.
Futures open interest down to $648M, showing reduced leverage and cautious sentiment.

Cardano (ADA) is trading just above a key support level near 0.62. This level matches the 0.5 Fibonacci retracement and forms the base of a long-term triangle pattern that has been forming since early 2025. According to crypto analyst Ali Charts, 

“0.62 must hold as support for Cardano to have a real shot at breaking out toward 1.90.”

The price is currently around 0.64. If it stays above 0.62, the current structure remains valid. A sustained close below may weaken the setup. Fibonacci levels suggest possible upside areas near 0.95, 1.28, and 1.86 if the pattern continues to hold.

Furthermore, Sheldon posted a short-term chart showing ADA approaching a descending trendline. The trendline has been in place since early October. Sheldon noted, “ADA is looking strong and close to the momentum trend,” pointing to the area where price action is starting to squeeze.

ADA is also trading inside a support zone between 0.6245 and 0.6106. This range has seen several tests, with buyers stepping in each time. Price action is forming higher lows, which may suggest steady demand at current levels.

A clean move above the trendline would place ADA back into a short-term uptrend. The chart also includes a projected move showing a possible retest of the breakout level before continuing higher.

Cardano Indicators Show Mixed Signals
The MACD on the daily chart shows the MACD line at -0.05 and the signal line at -0.045. The MACD line remains slightly below the signal line, so no crossover has occurred yet. The gap is narrowing, which may point to shifting momentum.

Source: TradingView
The RSI is currently at 40. This is below the neutral 50 line and reflects a market that is still in a recovery phase. The MACD histogram is also showing reduced red bars, which may suggest that recent selling pressure is fading.

Open Interest Pullback Reflects Market Caution
Futures open interest for ADA stands at 648.56 million dollars, based on data from Coinglass. This is down from more than 1.8 billion dollars reached in mid-September. The drop has followed a decline in price, with ADA moving below the 0.70 level.

Source: Coinglass
Lower open interest often reflects less leverage and a more cautious stance from market participants. In past cycles, drops in open interest followed by price stability have sometimes come before larger moves. 

Traders are watching for volume and open interest to return before any clear shift.

DeepSeek predicts renewed upside for XRP, Cardano and Ethereum after a sharp pullback tied to tariff headlines and pre-FOMC caution. The AI firm has mapped ranges including $15,000 for ETH, $7–$10 for ADA by late 2025, and $5–$10 for XRP, citing seasonality and improving regulatory conditions.

Crypto security panic is escalating as a new surge of highly deceptive scams sweeps the market following a $3 million XRP theft, sparking fresh investor fears and forcing a global rethink on wallet safety and digital asset protection.

Flare has become the top EVM DeFi ecosystem for XRP after the launch of the wrapped FXRP token.

Summary

Flare Network became the largest EVM DeFi ecosystem for wrapped XRP tokens
Since FXRP’s launch, its network TVL rose 37.9%
The total value locked of XRP on the network reached $86.2 million

XRP is increasingly expanding into the world of DeFi. On October 21, Flare Network announced rapid growth in the total value locked of FXRP, a trustless wrapped version of XRP on the chain. What’s more, the protocol stated that it had become the largest EVM DeFi ecosystem for XRP.

Since its launch on September 24, the TVL for the FXRP token has risen 37.9% due to increased network activity. This accelerated on October 19, when Flare (FLR) bridged another 15 million XRP tokens, bringing the TVL to $86.2 million.

Flare unlocks DeFi applications for XRP
According to Flare, this activity shows significant interest in XRP’s DeFi applications. Wrapped version of XRP (XRP) enables users to engage in DeFi activities such as earning yield and lending, which are not available on the XRP Ledger.

“This is a turning point for the XRP ecosystem,” said Hugo Philion, Co-founder of Flare. “For the first time, XRP holders can participate in non-custodial DeFi using their existing assets — earning yield, providing liquidity, and engaging in a growing ecosystem powered by Flare’s native technology.”

This development follows a prior announcement by Flare a week earlier, which revealed that users could mint their FXRP tokens directly through their Xaman wallet. This integration lowers the barrier to entry for new XRP holders who want to participate in the DeFi ecosystem.

The XRP Ledger has some DeFi capabilities, but these are still limited compared to most other smart contract chains. For instance, the network has a native DEX, automated market makers, and compliance infrastructure. However, native lending protocols are still lacking.

Oct 21, 2025 at 20:25 // Price

The price of BNB has twice fallen below the moving average lines. Binance coin price analysis by Coinidol.com.

BNB price long-term prediction: bearish

The cryptocurrency has recently lost ground between the moving average lines. The price is trading above the 50-day SMA support but below the 21-day SMA resistance. BNB may fall as low as $891 if it breaks the 50-day SMA support. It will return to its previous high of $1,375 if it breaks above the 21-day SMA. BNB/USD is currently trading at $1,103.

Technical indicators:  

Resistance Levels – $1,000, $1,050, $1,200

Support Levels – $900, $850, $800

BNB indicator reading

The price bars are positioned between the upward-sloping 21-day and 50-day moving average lines. The moving average lines indicate the previous uptrend. On the 4-hour chart, the moving average lines slope downwards, indicating a downtrend. However, the cryptocurrency price is now moving sideways above its current support.

BNB/USD daily chart - October 21, 2025

What is the next direction for BNB/USD?

BNB is trading sideways above its current support at $1,040. Since the downtrend began on October 10, BNB has fluctuated above the $1,040 support but below the $1,160 resistance. The altcoin has dropped below the moving average lines and is consolidating above the $1,076 support.

BNB/USD 4-hour chart - October 21, 2025

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds. 

Most Popular

Growing retail presence puts Solana on the pedestal of adoption with Gemini's new SOL MasterCard.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

GiggleFund has made a major donation of over $11 million worth of Binance Coin (BNB) to Giggle Academy, drawing significant attention from investors and crypto enthusiasts. The donation, executed on October 20, 2025, included 9,928 BNB, marking one of the largest charitable contributions tied to a community-driven token in recent times.

The Ethereum Foundation (EF) has transferred over $650 million worth of ETH to a wallet previously used for selling. According to on-chain data analysis from Arkham Intelligence, the EF sent 160k ETH to a wallet that was previously used to deposit coins to crypto exchanges for selling.

According to Arkham Intelligence, the EF wallet that received ETH has made significant transfers to Kraken Exchange and SharpLink Gaming. 

Ethereum Price Retraces Amid Low ETF DemandThe midterm expectations for Ether are expected to remain choppy amid low demand from spot ETH ETFs. According to aggregate market data from SoSoValue, the U.S. spot Ether ETFs recorded a net cash outflow of about $145 million on Monday, October 20.

During the past two weeks, the U.S. spot Ether ETFs have registered a net cash outflow of nearly $500 million. The low demand for Ether by spot ETH ETFs amid renewed fear of selloff by the EF has weighed down on the asset’s midterm bullish sentiment.

What’s Next?The ETH price has been retesting a crucial support level around $3,900 after hitting its all-time high of about $4,959 in mid-August. Despite the recent crypto capitulation, the $3.9k support level held, thus making it a crucial buying zone for long-term investors.

$ETH hard to be bearish on ETH when weekly support still holding

Little more consolidation around these levels and I’m expecting price discovery to begin towards $6k pic.twitter.com/MvQMzNN8xD

— Johnny (@CryptoGodJohn) October 21, 2025 In the midterm, the ETH/USD pair must consistently rally above $4.1k to validate its bullish outlook. According to crypto analyst Poseidon, if the ETH price consistently closes above $4.1k, then a rally towards $5.8k will be imminent in the coming weeks.

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The foundation's co-Executive Director Hsiao-Wei Wang said on social media the transfer was part of scheduled wallet migration.

The organization behind the Kadena blockchain is winding down, effective immediately, due to unfavorable market conditions.