About Editorial team of BIPNs

Main team of content of bipns.com. Any type of content should be approved by us.
14 11, 2025

Pound to Dollar Forecast: GBP Rebounds on USD Pullback, Fundamentals Still Fragile

By |2025-11-14T21:23:22+02:00November 14, 2025|Forex News, News|0 Comments


– Written by

The Pound to Dollar exchange rate (GBP/USD) slipped below 1.3100 on Wednesday following a weak UK GDP print and persistent political uncertainty, but Sterling later recovered as the dollar softened.

By Thursday afternoon, GBP/USD was trading around 1.3145 (-0.06%), supported by a US dollar pullback despite sustained bearish pressure on the Pound.

GBP/USD Forecasts: Dollar Softens, But UK Fundamentals Still a Drag

Analysts at UoB noted that a break above 1.3165 would signal that “the current mild downward pressure has eased,” while ING maintains a year-end GBP/USD target of 1.34 as dollar momentum fades into December.

The latest GDP figures painted a bleak picture. UK output contracted 0.1% in September versus expectations of flat growth. The third quarter posted only 0.1% growth against the 0.2% consensus, with manufacturing hit hard by the JLR cyberattack and only marginal gains in construction and services.

Quilter’s Lindsay James said; “This paints a picture of an economy that started 2025 strongly but is now badly losing steam just as the Chancellor prepares for a pivotal Autumn Budget.”

ING added; “This complicates the job of Chancellor Rachel Reeves ahead of the Budget, where she’ll try to reassure markets with fiscally prudent measures, whilst trying not to dampen growth excessively or stoke up inflation.”

Save on Your GBP/USD Transfer

Get better rates and lower fees on your next international money transfer.
Compare TorFX with top UK banks in seconds and see how much you could save.


Compare the Best GBP/USD Rates »

Reeves U-Turn Raises Fiscal Questions

Fresh reports that Chancellor Rachel Reeves has dropped plans for income tax hikes added further uncertainty. According to ING, Sterling came under renewed pressure because earlier gains in gilts had been based on expectations that income tax rises would deliver the necessary fiscal tightening without stoking inflation, creating room for the BoE to cut rates in December.

ING warned: “It’s unclear how Reeves will fill the £30bn fiscal hole without touching income tax. VAT hikes would be inflationary, risking hawkish BoE repricing. Freezing tax thresholds is one alternative but markets will scrutinise the details.”

BoE December Cut Bets Strengthen

Signs of slowing growth and deteriorating labour-market conditions have strengthened expectations of a December BoE rate cut.
MUFG said; “Slowing growth momentum and weakness in the labour market are encouraging market expectations for active BoE easing.”

RSM UK’s Thomas Pugh added; “If we didn’t think a December rate cut was nailed on already, this morning’s data almost certainly makes it so.”

Political risk adds another layer. Prime Minister Starmer’s approval ratings remain poor, and MUFG warned that the May 2025 local elections could be a decisive test, with further Pound weakness likely if markets begin to price in a meaningful political risk premium.

Dollar Weakens as US Shutdown Ends, But Fed Uncertainty Persists

With the US government now reopened, markets will refocus on delayed economic data, particularly jobs reports.
Market pricing for a December Fed cut has cooled to around 55%, with Fed officials increasingly divided.

Scotiabank noted: “WSJ Fed-watcher Timiraos reports Fed officials are fracturing over a December cut after hawks pushed for a pause after last month’s decision.”

Upcoming labour data will be crucial in determining whether December easing remains viable.
As ING put it; “We think markets are underestimating the downside risks for the labour market, US front-end rates and – by extension – the dollar into year-end.”

Like this piece? Please share with your friends and colleagues:




International Money Transfer? Ask our resident FX expert a money transfer question or try John’s new, free, no-obligation personal service! ,where he helps every step of the way,
ensuring you get the best exchange rates on your currency requirements.

TAGS: Pound Dollar Forecasts

Source link

14 11, 2025

Zinus Green Tea Memory Foam mattress review

By |2025-11-14T21:10:28+02:00November 14, 2025|Dietary Supplements News, News|0 Comments


The Zinus Green Tea Memory Foam Mattress is a low-cost bed that often tops the Amazon bestseller list, but can it compare to this year’s best mattresses?

We put it to the test, spending three weeks sleeping on a full-size Zinus 10-inch Mattress, with feedback from a wider review panel and support from objective testing per our mattress methodology. (Spoiler: It’s a hit among side sleepers.)



Source link

14 11, 2025

Binance Coin (BNB) Price Analysis for November 14

By |2025-11-14T21:04:16+02:00November 14, 2025|Crypto News, News|0 Comments

The market keeps setting new local lows, according to CoinMarkertCap.

Top coins by CoinMarketCap

BNB/USD

The rate of Binance Coin (BNB) has dropped by 4.83% over the last 24 hours.

Article image
Image by TradingView

On the hourly chart, the price of BNB has made a false breakout of the local support of $900. However, one should focus on the daily bar’s closure in terms of that mark. If it happens far from that, traders may expect a bounce off to the resistance.

Article image
Image by TradingView

On the longer time frame, there are no reversal signals yet. The rate of the native exchange coin keeps going down after a false breakout of the $1,007 resistance. 

You Might Also Like

Title news

However, if the daily candle closes far from its low, there is a chance to see local growth to the $950 range.

Article image
Image by TradingView

From the midterm point of view, the situation is similar. One should pay attention to the closest level of $860. If the bar closes below it, the decline is likely to continue to the $750-$800 range.

BNB is trading at $915.65 at press time.

Source link

14 11, 2025

Pi Network’s New Vision: From Currency to the Steam of Web3 Gaming

By |2025-11-14T19:43:18+02:00November 14, 2025|News, NFT News|0 Comments


Pi Network has announced a bold new vision that could redefine its role in the cryptocurrency and Web3 landscape. What began as a mobile-first mining project is now evolving into a global gaming hub. With ambitions to become the “Steam of Web3,” Pi Network aims to create a decentralized ecosystem for gamers and developers. Backed by a community of over 70 million pioneers, the foundation for the future of Web3 gaming is already in place. This strategic shift highlights Pi’s commitment to building real utility and expanding beyond its origins as a digital currency.

Background on Pi Network

Founded with the mission of democratizing cryptocurrency, Pi Network allows users to mine coins directly from their mobile devices. This mobile-first approach lowered barriers to entry, enabling millions of people worldwide to participate in the digital economy. Over the years, Pi Network has grown into one of the largest grassroots crypto communities, with pioneers actively mining, building, and contributing to the ecosystem.

While Pi Network initially focused on mining and community building, its vision has expanded to include decentralized applications, governance mechanisms, and financial services. The latest announcement—transforming Pi into a Web3 gaming hub—marks a significant milestone in its evolution.

From Currency to Gaming Hub

Pi Network’s new vision positions it as more than just a cryptocurrency. By aspiring to become the “Steam of Web3,” Pi Network aims to create a platform where gamers and developers can interact, innovate, and thrive. Steam, the world’s largest digital distribution platform for PC gaming, serves as a model for Pi’s ambitions. However, Pi’s approach is rooted in decentralization, ensuring that control and value are distributed across the community.

This transformation expands Pi’s utility beyond financial transactions, integrating entertainment, creativity, and innovation into its ecosystem. By combining currency with gaming, Pi Network creates a unique value proposition that appeals to both crypto enthusiasts and gamers.

The Role of Developers

Developers are central to Pi Network’s vision of becoming a Web3 gaming hub. The platform empowers developers to create decentralized applications, launch tokens, and build games that leverage Pi Coin as a native asset. By providing tools and resources, Pi Network lowers barriers for developers, encouraging innovation and collaboration.

This developer-centric approach ensures that Pi’s ecosystem evolves organically, driven by creativity and community contributions. It also positions Pi Network as a platform capable of supporting diverse applications, from casual games to complex decentralized gaming economies.

The Power of Community

With over 70 million pioneers worldwide, Pi Network’s community provides a strong foundation for its gaming ambitions. Community engagement has always been central to Pi’s success, with pioneers mining Pi daily, inviting friends, and contributing to the ecosystem’s growth. The transition to a gaming hub adds a new dimension to community participation, enabling users to engage with games, support developers, and shape the future of the ecosystem.

The size and enthusiasm of Pi’s community give it a competitive advantage. Few projects in the crypto industry can match Pi’s grassroots support, making it uniquely positioned to succeed in the Web3 gaming space.

Decentralization and Gaming

Decentralization is a core principle of Pi Network’s vision. By building a decentralized gaming ecosystem, Pi ensures that control and value are distributed across the community rather than concentrated in centralized institutions. This approach empowers gamers and developers, giving them ownership of their assets and participation in governance.

Decentralization also enhances resilience. By distributing control across millions of users, Pi Network minimizes the risks associated with centralized failures or manipulation. This makes the gaming ecosystem more robust and adaptable to changing circumstances.

Professional Analysis

From a professional perspective, Pi Network’s vision of becoming the “Steam of Web3” is ambitious and transformative. By integrating gaming into its ecosystem, Pi expands its utility and appeal, attracting new users and developers. The combination of currency and gaming creates a unique value proposition that differentiates Pi from other crypto projects.

However, challenges remain. Pi Network must demonstrate real-world utility, establish liquidity, and secure partnerships with developers and gaming studios. The success of the project will depend on its ability to deliver tangible results and maintain transparency. The enthusiasm of the community is a powerful asset, but long-term success will require continued innovation and collaboration.

Implications for Web3 and DeFi

Pi Network’s gaming vision has significant implications for Web3 and decentralized finance. By integrating gaming with currency, Pi creates opportunities for DeFi applications such as in-game trading, lending, and staking. Gamers can use Pi Coin to purchase assets, participate in decentralized marketplaces, and engage in financial activities within the gaming ecosystem.

This integration enhances Pi’s credibility and positions it as a serious contender in the crypto industry. As developers and pioneers continue to build applications, Pi Network’s ecosystem will gain new functionalities that drive adoption and utility.

Building Real Utility

Beyond speculation, Pi Network is committed to building real utility. The gaming hub vision provides tangible use cases for Pi Coin, ensuring that its growth is driven by meaningful contributions rather than short-term speculation. By focusing on practical applications, Pi Network positions itself as a project capable of delivering lasting value to its community.

Real utility is essential for long-term sustainability. By integrating gaming into its ecosystem, Pi Network ensures that its growth is both inclusive and transformative, creating opportunities for users and developers worldwide.

The Future of Pi Network

As Pi Network continues to evolve, its vision of becoming the “Steam of Web3” becomes increasingly clear. By empowering developers, building real utility, and leveraging its massive community, Pi Network positions itself as a project capable of redefining the role of cryptocurrency in the digital economy.

The journey is far from over. Pi Network must continue to overcome challenges, deliver on its promises, and expand its ecosystem. However, the enthusiasm of its community and the strength of its vision provide a solid foundation for future success.

Conclusion

Pi Network’s new vision marks a monumental moment in its journey. By transforming from a currency into a global gaming hub, Pi Network positions itself as the “Steam of Web3.” With over 70 million pioneers worldwide, the foundation for the future of Web3 gaming is already in place. This vision underscores Pi’s commitment to inclusivity, innovation, and decentralization, ensuring that its growth is meaningful and sustainable.

As Pi Network prepares for its next milestones, the message is clear: Pi is real, its vision is intentional, and its future is now. With a massive community and a commitment to building real utility, Pi Network is poised to redefine the future of cryptocurrency and empower users to explore their freedom on a true decentralized platform.

hokanews.com – Not Just Crypto News. It’s Crypto Culture.

Writer 

@Erlin
Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

 Check out other news and articles on Google News

Disclaimer:


The articles published on hokanews are intended to provide up-to-date information on various topics, including cryptocurrency and technology news. The content on our site is not intended as an invitation to buy, sell, or invest in any assets. We encourage readers to conduct their own research and evaluation before making any investment or financial decisions.
hokanews is not responsible for any losses or damages that may arise from the use of information provided on this site. Investment decisions should be based on thorough research and advice from qualified financial advisors. Information on HokaNews may change without notice, and we do not guarantee the accuracy or completeness of the content published.





Source link

14 11, 2025

Buyers remain interested on US economic uncertainty

By |2025-11-14T19:22:17+02:00November 14, 2025|Forex News, News|0 Comments

EUR/USD rose nearly 0.4% and closed the third consecutive day in positive territory on Thursday. The pair fluctuates in a tight channel above 1.1600 in the European morning on Friday and remains on track to post weekly gains.

The US Dollar (USD) continued to weaken against its major rivals on Thursday as cautious remarks on further policy easing, combined with a lack of clarity on how the data backlog that built up during the government shutdown will be handled, fed into concerns over the economic outlook.

Federal Reserve (Fed) Bank of St. Louis President Alberto Musalem said that he expects the labor market to stay around full employment and added that they need to proceed with caution now. Meanwhile, Minneapolis Fed President Neel Kashkari reiterated that inflation is still too high.

According to the CME FedWatch Tool, markets are currently pricing in about a 52% probability of a 25 basis points (bps) Fed rate cut in December.

The economic calendar will not offer any high-impact data releases that could trigger a noticeable market reaction. Hence, investors will continue to pay close attention to remarks from Fed officials.

Although hawkish remarks are usually seen as supportive for the USD, investors could refrain from betting on a steady recovery in the currency until they have a better idea about what kind of shape the US economy is in the shutdown aftermath.

EUR/USD Technical Analysis

In the 4-hour chart, EUR/USD trades at 1.1637, little changed on a daily basis. The Simple Moving Averages (SMA) tilt higher at the short end, with the 20- and 50-period lines rising as price trades above all key averages. The 100-period SMA is turning up, while the 200-period SMA extends a mild decline. The 20-period SMA at 1.1598 offers nearby dynamic support. The Relative Strength Index (RSI) sits at 67.7, near overbought and consistent with firm bullish momentum. Measured from the 1.1885 high to the 1.1471 low, resistance comes at the 50% retracement at 1.1678 and the 61.8% retracement at 1.1727.

Support is seen at 1.1551, then at 1.1451. As long as the pair holds above the rising short-term averages, the bias would remain upward and a break through initial Fibonacci resistance could extend the advance toward higher retracement objectives. Conversely, loss of the nearby dynamic support would slow the upside and risk a pullback toward the stated horizontal levels.

(The technical analysis of this story was written with the help of an AI tool)

Euro FAQs

The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a day.
EUR/USD is the most heavily traded currency pair in the world, accounting for an estimated 30% off all transactions, followed by EUR/JPY (4%), EUR/GBP (3%) and EUR/AUD (2%).

The European Central Bank (ECB) in Frankfurt, Germany, is the reserve bank for the Eurozone. The ECB sets interest rates and manages monetary policy.
The ECB’s primary mandate is to maintain price stability, which means either controlling inflation or stimulating growth. Its primary tool is the raising or lowering of interest rates. Relatively high interest rates – or the expectation of higher rates – will usually benefit the Euro and vice versa.
The ECB Governing Council makes monetary policy decisions at meetings held eight times a year. Decisions are made by heads of the Eurozone national banks and six permanent members, including the President of the ECB, Christine Lagarde.

Eurozone inflation data, measured by the Harmonized Index of Consumer Prices (HICP), is an important econometric for the Euro. If inflation rises more than expected, especially if above the ECB’s 2% target, it obliges the ECB to raise interest rates to bring it back under control.
Relatively high interest rates compared to its counterparts will usually benefit the Euro, as it makes the region more attractive as a place for global investors to park their money.

Data releases gauge the health of the economy and can impact on the Euro. Indicators such as GDP, Manufacturing and Services PMIs, employment, and consumer sentiment surveys can all influence the direction of the single currency.
A strong economy is good for the Euro. Not only does it attract more foreign investment but it may encourage the ECB to put up interest rates, which will directly strengthen the Euro. Otherwise, if economic data is weak, the Euro is likely to fall.
Economic data for the four largest economies in the euro area (Germany, France, Italy and Spain) are especially significant, as they account for 75% of the Eurozone’s economy.

Another significant data release for the Euro is the Trade Balance. This indicator measures the difference between what a country earns from its exports and what it spends on imports over a given period.
If a country produces highly sought after exports then its currency will gain in value purely from the extra demand created from foreign buyers seeking to purchase these goods. Therefore, a positive net Trade Balance strengthens a currency and vice versa for a negative balance.

Source link

14 11, 2025

CRN moves ahead after court refuses to halt NY supplement sales law

By |2025-11-14T19:09:18+02:00November 14, 2025|Dietary Supplements News, News|0 Comments


WASHINGTON — The Council for Responsible Nutrition said it will continue its constitutional challenge to New York’s under-18 supplement sales restrictions after the U.S. Court of Appeals for the Second Circuit declined to grant a preliminary injunction, leaving the law in effect during the legal process.

CRN emphasized that the ruling does not address the merits of its First Amendment claims, which argue the law unlawfully targets truthful, lawful marketing by restricting sales of supplements labeled or promoted for weight loss or muscle building. The association maintains that the statute regulates speech rather than safety by using marketing as a proxy for potential harm, despite a lack of evidence linking dietary supplements to eating disorders or body dysmorphia.

In its response, CRN reiterated that the case remains ongoing and emphasized its confidence in the strength of its constitutional arguments. The group referenced a 2022 review published in Nutrients, which found no causal link between supplement use and disordered eating behaviors, and warned that policies based on unfounded assumptions could undermine legitimate health and wellness practices.

New York’s law, enacted in 2023 and effective since April 2024, was the first in the nation to restrict minors’ access to supplements marketed for weight loss and muscle building. Similar proposals are moving forward in other states, prompting CRN to raise broader concerns about regulatory overreach and the erosion of commercial free speech rights as it continues its legal battle.




Source link

14 11, 2025

Why is BTC price USD down today: Crypto crash: Why bitcoin price dropped after record $126,000 and why Citi predicts BTC USD could hit $181,000

By |2025-11-14T19:03:19+02:00November 14, 2025|Crypto News, News|0 Comments

Bitcoin price today: Bitcoin (BTC), the world’s largest cryptocurrency, has hit a rough stretch after reaching an all-time high of more than $126,000 in early October, the token slid sharply, dropping back toward the $100,000 level and even dipping briefly into bear-market territory, as per a report.

Bitcoin Price USD Update: Citi Analysts Point to Liquidity Pressures

Many investors initially blamed fewer expected Federal Reserve rate cuts for the pullback. But analysts at Citigroup say the real reason may lie elsewhere, and despite the recent slump, they remain optimistic about Bitcoin’s long-term path, as per The Motley Fool report.

According to Citi strategists led by Dirk Willer, the recent decline appears linked to falling liquidity in the US financial system rather than interest rate expectations, as per the report.

ALSO READ: Global debt hits insane $338 trillion — the biggest bubble in human history?

BTC Price USD: How Falling Bank Reserves Are Dragging Bitcoin Lower

The bank highlights two key factors: bank reserves held at the Federal Reserve and the US Treasury’s General Account (TGA), which acts as the government’s main checking account, as per The Motley Fool report. The TGA and bank reserves generally move in opposite directions, and as the TGA swelled this year, bank reserves dropped, as per the report.


Willer explained that Bitcoin is especially sensitive to liquidity changes, saying, “Traditionally, falling reserves have also impacted equities negatively, but this did not happen prior to this week. But it is plausible that bitcoin is a more sensitive instrument for pure liquidity, especially with equities caught up in the fundamentally driven AI narrative,” as quoted by The Motley Fool.ALSO READ: Synopsys layoffs: Silicon Valley chip-design giant to sack 2,800 jobs as turbulence spreads

Bitcoin Price Movement: How Fed’s Quantitative Tightening Has Affected Crypto

The Federal Reserve’s ongoing quantitative tightening has also pulled money out of the financial system, as per the report. Bank reserves have declined notably since 2022, and Bitcoin’s price has shown a clear correlation with that drop, according to The Motley Fool.

Cryptocurrency Forecast: Why Citi Remains Bullish on Bitcoin Despite Recent Pullback

There are indications that liquidity pressures may start to ease.

The Federal Reserve has signaled it will stop tapering its balance sheet in December, suggesting bank reserves are nearing what it considers “ample” levels, reported The Motley Fool.

After the debt ceiling was raised earlier in 2025, the TGA was temporarily drained but has since been replenished, reaching more than $940 billion as of November 5, and Citi views this level as sufficient, as per the report.

With these shifts, Citi expects liquidity to stabilize and potentially improve, as Willer said, “This would suggest that liquidity conditions should improve going forward, which should support bitcoin, and could also get the NDX (Nasdaq 100) Santa rally back on track,” as quoted by The Motley Fool.

BTC Price USD Outlook: Citi Still Sees Bitcoin Hitting $181,000

Despite the recent downturn, Citi remains bullish. In October, the bank issued a 12-month price target of $181,000 for Bitcoin, driven by its rising status as a store of value and the ongoing “digital gold” narrative, as per the report.

FAQs

Why is the Bitcoin price falling today?
Citi analysts say the drop is mainly due to falling liquidity in the US financial system.

What is Bitcoin’s price prediction according to Citi?

Citi expects Bitcoin to recover and potentially reach $181,000 in the next year.

Source link

14 11, 2025

Revenues of $22.5 million, Operating Income of $9 million, and CEO Transition

By |2025-11-14T17:42:19+02:00November 14, 2025|News, NFT News|0 Comments


  • Revenues and Operating Income: For the three months ended September 30, 2025, DeFi Technologies reported revenue of $22.5 million for the quarter. Operating Income was $9 million, reflecting strong profitability from core operations. These results underscore the Company’s robust operational performance and sustained revenue growth.
  • Substantial Growth in AUM: Valour’s asset-management business reported approximately $989.1 million in AUM as of September 30, 2025, up from $772.9 million as of June 30, 2025, reflecting accelerating investor demand and growth of digital asset prices.
  • Continued Inflows: Valour achieved net inflows into its ETP products every month during the period, totaling $38.8 million for the quarter and year-to-date inflows to $116.2 million as of September 30, 2025.
  • 2025 Revenue Guidance: The Company is revising its previously announced 2025 revenue guidance from $218.6 million to $116.6 million. This adjustment reflects a delay in executing DeFi Alpha arbitrage opportunities as a result of the proliferation of digital asset treasury companies and the consolidation of digital asset prices in the latter half of 2025, which has temporarily reduced arbitrage activity and compressed available trading spreads. With a strong balance sheet, bolstered by the recent $100 million equity financing, the Company is well positioned to compete for future high-margin arbitrage opportunities as market conditions evolve.
  • CEO Transition: Valour and DeFi Technologies Co-Founder Johan Wattenström will assume the role of CEO and Executive Chairman of DeFi Technologies, while Olivier Roussy Newton will remain as a Strategic Advisor.

TORONTO, Nov. 14, 2025/PRNewswire/ – DeFi Technologies Inc. (the “Company” or “DeFi Technologies“) (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B), a financial technology company bridging the gap between traditional capital markets and decentralized finance (DeFi), announces its financial performance for the three months ended September 30, 2025. All dollar amounts referred to in this press release are in U.S. Dollars unless otherwise stated.

Financial Highlights

  • Revenue: Revenues of  $22.5 million for the three months ended September 30, 2025, compared to $28.1 million in the three months ended September 30, 2024.  While revenues from staking and lending income, trading commissions and management fees all increased due to higher AUM, total revenues decreased due to lower revenues from realized and net change in unrealized gains (losses) on digital assets and ETPs.  These revenues fluctuate with market conditions, in particular, the fluctuation of digital asset prices.   Revenues for the nine months ended September 30, 2025, were $80 million compared to $51.3 million in the comparative nine months ended September 30, 2024, reflecting increased profitability from the growth in AUM on a year-to-date basis.
  • Operating Income: Operating Income of $9 million in Q3 2025, down from $14.4 million in Q3 2024 due to revenues decreasing by $5.6 million from the comparative quarter.    Operating income for the nine months ended September 30, 2025, was $39.4 million compared to an operating loss of $1.6 million in the nine months ended September 30, 2024, reflecting improved profitability given our AUM growth.
  • Valour Staking/Lending & Management Fees: In Q3 2025, Valour Inc. and Valour Digital Securities Limited (together, “Valour“) generated staking and lending income of $7.4 million and management fees of $2.8 million, both improving from the $6.5 million and $1.5 million in Q3 2024 due to higher AUM.
  • Stillman Digital: For the three months ended September 30, 2025, Stillman Digital generated trading commissions of $2.2 million in revenue.  Stillman was acquired in Q4 2024 and thus was not owned in the comparative quarter in 2024.
  • Reflexivity Research: For the three months ended September 30, 2025, Reflexivity Research generated research revenues of $109,500 down from $468,000 in the three months ended September 30, 2024.    Management is focused on reinvigorating this business unit while its research product continues to support Valour’s ETP business growth.
  • Venture Portfolio: The Company’s eight private venture investments had a fair value of $44 million as of September 30, 2025.
  • Advisory Revenue:  For the three months ended September 30, 2025, the new DeFi Advisory business generated revenues of $192,407 from two clients.   This is a new business line started by the Company during the third quarter.
  • Share Buybacks: The Company repurchased 935,900 shares for a total of $2,444,880 (approximately $2.61 per share). The Company will continue to repurchase shares in the open market opportunistically.

Cash and Treasury Position

  • Cash Balance: As of September 30, 2025, DeFi Technologies’ consolidated cash balance stood at  $119.5 million.
  • Treasury Holdings: As of September 30, 2025, the Company’s holdings included a mix of digital asset tokens, totaling approximately $46.2 million.

Total value of cash and digital asset treasury: $165.7 million as of September 30, 2025. The Company regularly monitors its cash and digital asset reserves on a consolidated basis, and as part of this review, it has allocated a portion of its digital asset treasury reserve for the purposes of hedging the market risk of its ETPs. This approach reflects both prudent treasury management and a disciplined use of capital—strengthening the balance sheet while directly supporting the performance and resilience of the Company’s ETP platform. By holding a diversified mix of cash and digital assets, DeFi Technologies can better manage volatility, protect against adverse market conditions, and capitalize on market opportunities as they arise.

Comment from the CEO, Olivier Roussy Newton:

“Q3 2025 was another milestone quarter for DeFi Technologies and a testament to the strength and scalability of our platform. We delivered revenues of $22.5 million and operating income of $9 million, marking another profitable quarter. With average AUM exceeding $900 million per month in the third quarter, the highest quarterly average in history, and net inflows every month year-to-date, we continue to demonstrate the power of our integrated asset management and trading ecosystem.

Beyond the numbers, this quarter reinforced our position as a true institutional bridge between traditional finance and decentralized markets. Valour’s product expansion and consistent inflows, Stillman’s growing institutional footprint, and our disciplined capital allocation all speak to a company operating at scale. From a business perspective, DeFi Technologies has never been stronger — financially, operationally, and strategically. Our $165.7 million balance sheet gives us the flexibility to launch new structured products and funds, accelerate the rollout of SovFi and other hybridized DeFi–TradFi products, and pursue strategic investments and potential M&A that enhance long-term shareholder value.

I’m immensely proud of what our team has built. Over the past three years, we’ve scaled Valour’s ETP platform, executed targeted acquisitions, institutionalized our operations, and delivered record financial results. With Johan Wattenström stepping in as CEO and Executive Chairman, I’m confident DeFi Technologies is entering its next phase of growth stronger than ever. My focus now turns to advancing post-quantum solutions at BTQ Technologies, which is critical for the survival of the digital asset space while continuing as a cornerstone shareholder, partner, and advisor to ensure continuity of vision and execution as DeFi Technologies builds the future of digital finance.”

Comment from Incoming CEO, Johan Wattenstrom:

“Olivier and I have built this company together from the ground up. I’m grateful for his leadership and friendship, and I look forward to leading DeFi Technologies into its next phase of growth. We will continue to scale our ETP platform globally, expand our trading operations both internally and through Stillman Digital, and continue to bridge traditional capital markets with the digital asset ecosystem.”

Outlook for 2025

The outlook of the Company and for each business segment that follows supersedes all prior financial outlook statements made by the Company, constitutes forward-looking information within the meaning of applicable securities laws, and is based on a number of assumptions and subject to a number of risks. Actual results could vary materially as a result of numerous factors, including certain risk factors, many of which are beyond the Company’s control. Please see “Cautionary note regarding forward-looking information” and “Financial Outlook Assumptions” below for more information.

DeFi Technologies Outlook for 2025

As of September 30, 2025, Valour’s ETP business reported US$989.1 million in AUM. This growth has been supported by favorable market conditions, the launch of new ETPs, and strategic corporate initiatives, including Defi Alpha, that have boosted both trading activity and overall financial performance.

Revenue from staking and lending, management fees, and mark-to-market changes in digital assets and ETP payables has remained closely correlated with both the level of capital inflow into Valour’s products and the performance of the underlying digital assets, which continued to appreciate into the latter half of 2025. Additionally, Valour continues to seek and optimize revenue-generating opportunities of its digital asset holdings. Based on current performance, digital asset price levels and market trends, the Company’s annualized revenue for 2025 is forecasted at approximately $116.6 million. The reduction of the Company’s annualized revenue forecast for 2025 from $218.6 million is primarily due to a delay in executing DeFi Alpha arbitrage opportunities previously forecasted due to the proliferation of digital asset treasury companies and the consolidation in digital asset price movement in the latter half of 2025. The Company believes that with its strong balance sheet, bolstered by the recent $100 million equity financing, it stands ready to effectively compete for future profitable arbitrage opportunities. Continued growth in AUM, combined with opportunistic DeFi Alpha trade revenue, may lead to proportional increases in revenue going forward. The Company will provide 2026 revenue guidance when it files its 2025 annual results.

Valour Asset Management

In Q3 2025, Valour continued to advance its global growth strategy, reinforcing its leadership in the regulated digital asset ETP space. Valour has now met its forecast of 100 ETPs listed across European and UK exchanges. Valour continues to develop a strong pipeline of digital assets ETPs, including leveraged and warrant ETPs, alongside innovative single-asset and thematic baskets—broadening product diversity and meeting the growing demand for secure, regulated digital asset exposure.

Beyond Europe, Valour is executing a deliberate expansion into high-growth regions, including Africa, Asia, the Middle East, and other emerging markets.

Strategic Considerations for Growth

Valour’s expansion strategy integrates cross-listings, market-making, FX considerations, localized marketing, and partnerships with regional institutional players. This approach is designed to address the complexities of entering new jurisdictions, from navigating diverse regulatory frameworks to ensuring liquidity and cultural alignment. In markets where digital asset regulation remains nascent, Valour is positioning itself as a trailblazer, shaping market standards while building brand trust.

The Company expects additional listings to come online in the months ahead, supported by a robust pipeline extending into 2026. Strategic locations yet to be announced will further advance Valour’s mission to bridge traditional securities with the digital asset ecosystem.

Strong Investor Demand

Valour’s ETP business has seen tremendous growth over the past three years. In 2024, total inflows reached US$124.4 million, more than doubling 2023’s US$49.5 million and tripling 2022’s US$38.4 million. This momentum has carried into 2025, with inflows reaching US$116.2 million as of September 2025. The sustained growth highlights Valour’s strengthened market position and its ability to capture significant capital flows in the current digital asset environment.

Stillman Digital

Stillman Digital has delivered strong performance since joining the DeFi Technologies portfolio, generating $6.1M  in revenue for the nine months ended September 30, 2025, and forecast to close 2025 with approximately $8.6 M in revenue on strong trading volumes with margins in the 25-50% range. Stillman’s business is robust across the crypto price cycle.

Stillman Digital’s strategic priorities include a continued focus on expanding business development efforts, enhancing global reach, and deepening capabilities in key areas such as foreign exchange and stablecoin services. 

Stillman is also focused on building out its distribution infrastructure through initiatives like Finery, Hidden Road Partners, and the Circle Alliance Program. Importantly, the Company is experiencing consistent growth in trading volume and its number of active customers, reflecting increasing market demand and engagement. 

Strategic Focus:

  • Business Development: A primary focus for Stillman Digital continues to be the expansion of its business development team to accelerate the acquisition of new institutional clients. The company is also intensifying efforts to penetrate international markets, particularly in Latin America and Europe.
  • Product and Market Expansion: Stillman Digital plans to enhance its product offerings, particularly in FX and stablecoin services. These offerings will help hedge against altcoin volatility and further diversify its revenue streams.
  • Strategic Partnerships: Continuing to expand global banking relationships is a key priority for Stillman Digital, with ongoing efforts to partner with new aggregators and ECNs. Additionally, deepening existing partnerships with institutions like Bank Frick, Talos, and Fireblocks will broaden client access and facilitate more seamless fiat transactions.
  • Team Growth: Recent hires, including new backend developers and a Head of Trading with a background in astrophysics and quantitative trading, are expected to drive innovation and improve trading strategies. These additions will allow Stillman Digital to continue outperforming market benchmarks with new principal trading strategies.

Looking ahead, Stillman Digital is well-positioned to accelerate its growth into 2026, leveraging DeFi Technologies’ support and strategic resources to unlock new opportunities and continue expanding its global footprint.

DeFi Alpha

The Company continues to assess and execute on arbitrage opportunities through its specialized trading desk, DeFi Alpha. In May 2025, DeFi Alpha made one locked token trade with a $23.8 million discount, which will be realized over 3 years if the SUI price is $3.51 per token or higher at maturity.  A second locked token trade was executed in November 2025 with a $3.2 million discount that will be realized over 3 years if the SOL price is $167 per token or higher at maturity. 

This strategy has significantly strengthened the Company’s financial position, enabling debt repayment and supporting the ongoing expansion of its digital asset treasury. With the proliferation of digital asset treasury companies in the latter half of 2025, the Company experienced delays in its pipeline of arbitrage opportunities and compressed arbitrage profits. However, given the volatility in the digital asset market, the Company believes that with its strong balance sheet, bolstered by the recent $100 million equity financing, it stands ready to effectively compete for future profitable arbitrage opportunities.

The DeFi Alpha strategy has proven to be a pivotal driver of DeFi Technologies’ financial resilience, enhancing the Company’s position in an ever-evolving digital asset landscape. Through its arbitrage-focused approach, DeFi Alpha has strengthened the Company’s financial foundation, enabling debt repayment while supporting the deployment of a robust digital asset treasury strategy. This strategic model has proven effective in mitigating risks while maximizing returns, even in the face of market volatility.

Strategic Focus and Competitive Edge: DeFi Alpha was designed to capitalize on the Company’s balance sheet through both systematic and opportunistic trading strategies. The approach uniquely positions DeFi Alpha to take advantage of market opportunities while leveraging its balance sheet advantages. Many of the trades pursued are exclusive, backed by strong partnerships and significant holdings tied to ETPs, making these opportunities largely inaccessible to other firms. This exclusivity, combined with efficient execution in low-competition areas, is what gives DeFi Alpha its strategic edge in the market.

Reflexivity Research
Reflexivity Research is working on expanding distribution, reducing operating costs, enhancing its product offering, and developing new revenue channels to drive growth.

Expanded Distribution Channels
Reflexivity secured new content and research distribution agreements with Beluga and Blockwire, significantly broadening reach into retail and institutional investor segments.

Updated Product Packages and Pricing
The Company completed a full refresh of its research packages and pricing, aligning the offering with market demand and competitive benchmarks while improving scalability for different client tiers.

New Revenue Channels in Development
Reflexivity is diversifying beyond its core subscription model with new monetization avenues, including event sponsorships, newsletter sponsorships, and the upcoming launch of Macro Monday—a weekly newsletter providing macroeconomic insights tailored for digital asset market participants.

Revamped Outbound Sales Process
The sales process has been upgraded with AI-assisted automation, refined outbound processes, improved sales collateral, and integration of the Blockwire partnership to amplify outreach efficiency and conversion rates.

Looking ahead, Reflexivity plans to build on these initiatives by finalizing the brand refresh, launching the new sponsorship products, and continuing to expand its institutional footprint through strategic partnerships and targeted outbound campaigns.   In the meantime, Reflexivity’s research product continues to support the growth of Valour’s ETP business.

DeFi Advisory

DeFi Advisory is positioning itself as a full-stack partner for corporate digital asset treasury programs. Since launching the division, we have secured mandates with two clients and built a strong pipeline of prospective engagements. Leveraging the capabilities of subsidiaries such as Stillman Digital, Neuronomics, and Reflexivity Research, alongside our deep expertise in digital assets and public markets, DeFi Advisory is well positioned to expand its client base and provide tailored strategies for public companies integrating digital assets into their treasuries.

CEO Transition

The Company is also announcing that Olivier Roussy Newton has resigned as Chief Executive Officer and Executive Chairman of the Board. The Company’s Board of Directors has appointed Johan Wattenström, Co-Founder of Valour and DeFi Technologies, as Chief Executive Officer and Executive Chairman, effective upon Mr. Roussy Newton’s departure.

Following the transition, Mr. Roussy Newton will remain a cornerstone shareholder, partner, and advisor to the Company, ensuring continuity of vision and execution as DeFi Technologies enters its next stage of expansion.

Earnings Conference Call

The DeFi Technologies Q3 2025 Financial Results webcast will commence at 12:00 p.m. ET, Friday, November 14, 2025.

To register for the live webcast, please visit this link: https://zoom.us/webinar/register/WN_eLmAKme0TuOb7moOXaH7qA 

Supplemental Materials and Upcoming Communications

The Company has made available on its website materials designed to accompany the discussion of its results, along with certain supplemental financial information and other data. For important news and information regarding the Company, including investor presentations and the timing of future investor conferences, visit the Investor Relations section of the Company’s website: https://defi.tech/investor-relations.

Analyst Coverage of DeFi Technologies

A full list of DeFi Technologies analyst coverage can be found here: https://defi.tech/investor-relations#research.

For inquiries from institutional investors, funds, or family offices, please contact:
ir@defi.tech

Upcoming Conferences & Events

Upcoming Conferences

Dates

City

Benchmark 14th Annual Discovery One-on-One Investor Conference

December 4

NYC

Northland Growth Conference

December 16

Virtual

About DeFi Technologies
DeFi Technologies Inc. (Nasdaq: DEFT) (CBOE CA: DEFI) (GR: R9B) is a financial technology company bridging the gap between traditional capital markets and decentralized finance (“DeFi). As the first Nasdaq-listed digital asset manager of its kind, DeFi Technologies offers equity investors diversified exposure to the broader decentralized economy through its integrated and scalable business model. This includes Valour, which offers access to one hundred of the world’s most innovative digital assets via regulated ETPs; Stillman Digital, a digital asset prime brokerage focused on institutional-grade execution and custody; Reflexivity Research, which provides leading research into the digital asset space; and DeFi Alpha, the company’s internal arbitrage and trading business line. With deep expertise across capital markets and emerging technologies, DeFi Technologies is building the institutional gateway to the future of finance. Follow DeFi Technologies on LinkedIn and X/Twitter, and for more details, visit https://defi.tech/ 

DeFi Technologies Subsidiaries

About Valour

Valour Inc. and Valour Digital Securities Limited (together, “Valour“) issues exchange traded products (“ETPs”) that enable retail and institutional investors to access digital assets in a simple and secure way via their traditional bank account. Valour is part of the asset management business line of DeFi Technologies. For more information about Valour, to subscribe, or to receive updates, visit  valour.com.

About Stillman Digital

Stillman Digital is a leading digital asset liquidity provider that offers limitless liquidity solutions for businesses, focusing on industry-leading trade execution, settlement, and technology. For more information, please visit https://www.stillmandigital.com 

About Reflexivity Research

Reflexivity Research LLC is a leading research firm specializing in the creation of high-quality, in-depth research reports for the bitcoin and digital asset industry, empowering investors with valuable insights. For more information please visit https://www.reflexivityresearch.com/ 

Cautionary note regarding forward-looking information:  
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to the financial results of the Company; revenue outlook of the Company and its business segments; growth of AUM; geographic expansion of the Company’s core businesses; revenue generating opportunities for the Company’s digital asset holdings; upcoming ETP launches; revenue generation by DeFi Alpha and competitive factors; integration of Stillman Digital and Neuronomics AG and their respective plans and outlooks for 2025; fluctuation in digital asset prices; geographic expansion of the Company; investment and interest in the digital asset sector; development of the DeFi Advisory business line; future collaborations and partnerships; development of ETPs; geographic expansion of the Company; future acquisitions by the Company; the regulatory environment with respect to the growth and adoption of decentralized finance; the pursuit by DeFi Technologies and its subsidiaries of business opportunities; the appointment of directors and officers of the Company; and the merits or potential returns of any such opportunities. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Such risks, uncertainties and other factors include, but is not limited the acceptance of Valour exchange traded products by exchanges; ability of the Company to successfully integrate and grow Reflexivity Research, Stillman Digital, Neuronomics AG and DeFi Advisory; the proliferation of digital asset treasury companies; growth and development of DeFi and digital asset sector; rules and regulations with respect to DeFi and digital assets; fluctuation in digital asset price levels; general business, economic, competitive, political and social uncertainties. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

Financial Outlook Assumptions

The financial outlook on revenue of the Company is based on a number of assumptions, including assumptions related to  inflation, changes in interest rates, volatility of the digital asset market, current and projected market prices of digital assets, in particular the digital assets underlying the Company’s ETPs, the Company’s ability to realize staking and lending income from digital assets held by the Company, the ability of DeFi Alpha to generate yield on the Company’s excess liquidity and identify and execute accretive trading opportunities, external competition for arbitrage opportunitites for digital assets; the return realized by the Company on staking and lending income, the return on management fees earned by the Company, business model of Reflexivity Research, trading volumes of Stillman Digital, successful implementation of technological upgrades at Stillman Digital, successful development and aunch of products by Neuronomics AG, succesful development of the DeFi Advisory business line; consumer interest in the Valour’s ETPs, foreign exchange rates and other macroeconomic conditions, the regulatory environment with respect to ETPs and digital assets in the jurisdictions that the Company operates in, introduction of future ETPs, “black swan events” in the digital asset industry, competitors that offer competing ETP products and market acceptance of the Company’s ETP offerings. The Company’s financial outlook, including the various underlying assumptions, constitutes forward-looking information and should be read in conjunction with the cautionary statement on forward-looking information above. Many factors may cause the Company’s actual results, level of activity, performance or achievements to differ materially from those expressed or implied by such forward-looking information, including the risks and uncertainties related to: macroeconomic factors affecting the digital asset industry, including inflation, changes in interest rates, investor confidence in digital assets; proliferation of digital asset companies; volatility of the digital assets and fluctuation in market value of digital assets; exchange rate fluctuations; any pandemic; fraud, misconduct or gross negligence by individuals within the digital asset industry; a negative regulatory environment with respect to digital assets; the Russian invasion of Ukraine and reactions thereto; the Israel-Hamas war and reactions thereto; the Company’s inability to attract purchasers of its ETPs; decrease in AUM as a result of investor selling the Company’s ETPs or a fall in the value of the underlying digital assets; Valour’s inability to launch attractive ETPs; the Valour’s inability to increase ETP sales; the Company’s inability to implement our growth strategy; the Company’s reliance on a small number of custodian and market participants to operate its ETP programs; decrease in the number of subscribers to Reflexivity Research; decrease in the number of trades or fees generated by Stillman Digital; the Company’s ability to execute on its Defi Advisory strategyl the Company’s ability to prevent and manage information security breaches or other cyber-security threats; the Company’s ability to compete against competitors; strategic relations with third parties; changes to technologies on which ETPs are purchased and sold is reliant; Valour’s ability to distribute ETPs in jurisdictions it is not currently operating in; the Company’s ability to obtain, maintain and protect our intellectual property; the Company’s ability to execute on its acquisition strategy; the Company’s liquidity and capital resources; pending and threatened litigation and regulatory compliance; orderly receipt of collateral held at insolvent counterparties; changes in tax laws and their application; the Company’s ability to expand its sales, marketing and support capability and capacity; and maintaining our customer service levels and reputation. The purpose of the forward-looking information is to provide the reader with a description of management’s expectations regarding our financial performance and may not be appropriate for other purposes.

THE CBOE CANADA EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

SOURCE DeFi Technologies Inc.





Source link

14 11, 2025

XAU/USD dips below $4,150 as the US Dollar picks up 

By |2025-11-14T17:34:19+02:00November 14, 2025|Forex News, News|0 Comments


Gold (XAU/USD) is heading lower on a choppy trading session on Friday, weighed by a firmer US Dollar amid the risk-averse sentiment. The Precious metal has broken below a previous resistance area, at $4,150 ahead of the US session opening, reaching intraday lows near $4,130 so far.
Furthermore
The Greenback is trimming some losses on Friday as market sentiment soured with European equity markets in the red, following the track of Wall Street and Asia. Furthermore, the hawkish comments from Fed officials have prompted investors to pare back hopes of Fed easing in December, which has provided some support to the US Dollar.

Technical Analysis: Bears eye the $4,100 support level

XAU/USD 4-Hour Chart

From a technical perspective, the lower high printed earlier on Thursday, coupled with the dip on the 4-hour Relative Strength Index (RSI), which is flirting with the 50 level at the time of writing, and the bearish cross on the Moving Average Convergence Divergence (MACD), is acting as a warning for buyers.

Below $4,150 (November 11 high, Thursday’s low), the next support level is at the $4,100 area, where the November 11,12 lows meet the trendline support from early November lows. Further down, a previous resistance area at $4,050 (October 31 highs) will come into focus.

Immediate resistance is at the daily high of $4,210, ahead of Thursday’s high, near $4,245. Bulls would need to break above these levels to resume the upside trend and shift their views towards the all-time highs around $4,380 (the highs of October 20 and 21).

Gold FAQs

Gold has played a key role in human’s history as it has been widely used as a store of value and medium of exchange. Currently, apart from its shine and usage for jewelry, the precious metal is widely seen as a safe-haven asset, meaning that it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against depreciating currencies as it doesn’t rely on any specific issuer or government.

Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency. High Gold reserves can be a source of trust for a country’s solvency. Central banks added 1,136 tonnes of Gold worth around $70 billion to their reserves in 2022, according to data from the World Gold Council. This is the highest yearly purchase since records began. Central banks from emerging economies such as China, India and Turkey are quickly increasing their Gold reserves.

Gold has an inverse correlation with the US Dollar and US Treasuries, which are both major reserve and safe-haven assets. When the Dollar depreciates, Gold tends to rise, enabling investors and central banks to diversify their assets in turbulent times. Gold is also inversely correlated with risk assets. A rally in the stock market tends to weaken Gold price, while sell-offs in riskier markets tend to favor the precious metal.

The price can move due to a wide range of factors. Geopolitical instability or fears of a deep recession can quickly make Gold price escalate due to its safe-haven status. As a yield-less asset, Gold tends to rise with lower interest rates, while higher cost of money usually weighs down on the yellow metal. Still, most moves depend on how the US Dollar (USD) behaves as the asset is priced in dollars (XAU/USD). A strong Dollar tends to keep the price of Gold controlled, whereas a weaker Dollar is likely to push Gold prices up.



Source link

14 11, 2025

The EURJPY is surrounded by the positive pressures– Forecast today – 14-11-2025

By |2025-11-14T17:21:27+02:00November 14, 2025|Forex News, News|0 Comments

Copper price trading fluctuated in its last intraday trading, amid the dominance of bearish corrective wave on the short-term basis, affected by breaking minor bullish trendline, besides the continuation of the negative pressure due to its trading below EMA50, reducing the chance of the price recovery on the near-term basis, especially with the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, exaggeratedly compared to the price move, indicating the beginning of forming negative divergence, intensifying the negative pressure.

 

Therefore, our expectations suggest a decline in copper price’s upcoming intraday trading, especially if it settles below $5.1375, targeting the key support at $5.0885 and there are strong chances of breaking it.

 

The expected trading range for today is between $5.0885 and$5.1590

 

Trend forecast: Bearish

 

 

 



Source link

Go to Top