Blockonomi

TLDR

Bitcoin dropped to a new monthly low of $86,400 following a reversal of early gains sparked by Nvidia’s positive revenue outlook.

Analyst Cas Abbé believes Bitcoin will consolidate between $85,000 and $100,000 for the next 3 to 4 weeks.

Both the Q1 2025 correction and the current pullback were driven by broader macroeconomic fears affecting both tech stocks and crypto markets.

Bitcoin’s weekly RSI dipped into oversold territory, signaling potential local bottoms and a possible rally toward $98,000 to $100,000.

Analyst AlejandroBTC cautions that Bitcoin’s breakdown from a rising wedge pattern could lead to further declines in the near term.

Bitcoin (BTC) initially surged following Nvidia’s strong revenue outlook, calming concerns over an AI bubble. However, the gains quickly reversed as US stocks sold off, sending Bitcoin to a new monthly low of $86,400. Data suggests the cryptocurrency could face further downside in the coming weeks.

WHY are markets crashing? Our logical explanation:

There is quite literally only ONE headline that can even be partially blamed for such a sudden market crash.

At 11:20 AM ET, the US Labor Department said the November and October employment "situation" will be released on… pic.twitter.com/zubNQstd5l

— The Kobeissi Letter (@KobeissiLetter) November 20, 2025

Analyst Predicts Bitcoin to Consolidate Soon

Bitcoin’s recent price action mirrors a pattern seen in Q1 2025, according to analyst Cas Abbé. In Q1 2025, Bitcoin lost momentum near its all-time high, fell below a key support level, and decoupled from a rising stock market. This correction ended with Bitcoin consolidating in a multi-week range before rallying to new highs.

$BTC fractal is looking very similar to Q1 2025.

No momentum at a new ATH.
Major dump after losing the key level.
Decoupling from the stock market.

But now, the most damage has been done.

The next thing could be consolidation between $85,000-$100,000 for 3-4 weeks.

After… pic.twitter.com/tHQBEDezqu

— Cas Abbé (@cas_abbe) November 19, 2025

Abbé believes that Bitcoin will likely enter a consolidation phase between $85,000 and $100,000 for the next 3 to 4 weeks. The analyst notes that broader macroeconomic fears have driven both the Q1 2025 correction and the current pullback. In 2025, the sell-off was sparked by the US tariff war, while now, panic surrounding a potential AI bubble has created volatility in both tech stocks and crypto markets.

Bitcoin Nears Oversold Conditions as Downtrend Continues

Despite the recent downturn, analyst BitBull remains bullish on Bitcoin’s short-term prospects. He points to Bitcoin’s oversold conditions as evidence of potential local bottoms. On Thursday, Bitcoin traded near the lower boundary of its descending channel, which has previously acted as an accumulation zone during past corrections.

$BTC could rally towards $98K-$100K level from here.

Weekly RSI is at an oversold level, STHs are capitulating while BlackRock had its biggest outflow.

This is a sign of the local bottom and a relief rally could be next. pic.twitter.com/qM5R5Z2LiX

— BitBull (@AkaBull_) November 19, 2025

BitBull’s analysis suggests Bitcoin could rally back toward $98,000-$100,000 in the near term. This outlook is supported by the cryptocurrency’s weekly relative strength index (RSI), which has dipped into oversold territory for the first time in months. According to BitBull, this technical setup could indicate a strong rebound for Bitcoin in the weeks ahead.

However, not all analysts share a positive outlook for Bitcoin. AlejandroBTC remains bearish, noting that Bitcoin has broken down from a rising wedge pattern. In classical technical analysis, such a breakdown typically signals the end of a major trend.

AlejandroBTC suggests that this breakdown could lead to further price declines in Bitcoin. He has warned about the rising wedge pattern for months, and now, its breakdown points to a potential long-term downtrend for the cryptocurrency.

The post Analyst Warns of Bitcoin’s Bearish Breakdown as Nvidia Lifts Tech Stocks appeared first on Blockonomi.

TLDR

Michael Selig’s nomination to lead the CFTC advanced in the Senate Agriculture Committee by a 12-11 vote.

Lawmakers are considering expanding the CFTC’s regulatory authority over digital assets through proposed legislation.

Selig did not commit to immediate funding increases but stated he would assess the agency’s needs if confirmed.

Selig emphasized the importance of clear crypto regulations that protect consumers and support innovation.

The full Senate will now vote on Selig’s confirmation as CFTC chairman following the committee’s approval.

The Senate Agriculture Committee on Thursday voted 12–11 to advance Michael Selig’s nomination to lead the CFTC. The vote followed his confirmation hearing held just one day earlier. The full Senate will now consider his confirmation.

Committee Vote Moves Selig Closer to CFTC Chair Role

The panel vote occurred along party lines, with Republicans backing Selig and Democrats opposing. Lawmakers moved swiftly after his Wednesday nomination hearing. The narrow margin reflects divisions on regulatory priorities.

Selig’s nomination arrives amid discussions on giving the CFTC broader oversight powers over crypto. Bills in both chambers seek to expand the agency’s regulatory reach. These proposals would place the CFTC at the center of digital asset regulation.

The agency currently has fewer staff than the SEC. The CFTC employs 543 people, while the SEC has over 4,000. Some senators questioned whether the CFTC could manage additional responsibilities without more resources.

Senators Press Selig on Crypto Policy and Funding Needs

During the hearing, lawmakers asked Selig if the CFTC needed a bigger budget to meet new responsibilities. Selig said he would assess funding needs after confirmation. He stated, “I would want to understand the agency’s operations before making recommendations.”

Selig emphasized the need to create clear rules for crypto while supporting software development and investor protections. “We must build a framework for innovation and sound market practices,” he told lawmakers. He underscored the importance of regulatory clarity for developers and exchanges.

Lawmakers also explored whether Selig would support bipartisan appointments at the CFTC. He responded that the agency works best with a range of views. “The mission is best fulfilled when we have a diversity of viewpoints,” Selig stated.

Independence and Crypto Rules Dominate Confirmation Hearing

Senator Elissa Slotkin asked Selig whether he supported political balance at the CFTC. She referenced the need for bipartisan appointments to the commission. Selig did not commit to a specific party split but voiced support for diverse perspectives.

Selig told the panel he would prioritize consumer protections and fair markets in any new crypto rules. He said the CFTC must maintain proper disclosure and market controls. His comments indicated a focus on responsible innovation.

During questioning, Selig explained that exchanges must meet strong compliance standards. He emphasized that clear expectations help developers and safeguard investors. “Disclosure and requirements must match those in traditional markets,” he noted.

With the committee vote complete, Selig’s nomination heads to the Senate floor. Lawmakers there will vote on his confirmation. The timing of that vote has not been announced.

The CFTC’s leadership change comes as Congress weighs new crypto regulations. Lawmakers are considering whether to assign the agency broader authority. Those bills would shift oversight of digital assets from the SEC to the CFTC.

Selig’s views on crypto regulation, funding, and agency independence may shape debate ahead. The CFTC remains central to several legislative efforts. His responses during the hearing highlighted his regulatory priorities.

If confirmed, Selig would lead the CFTC during a period of regulatory change. The agency’s future role in crypto oversight hinges on upcoming congressional decisions. The full Senate’s vote will determine whether he assumes that role.

The post Michael Selig Moves Closer to CFTC Chair Role After Senate Vote appeared first on Blockonomi.

TLDR

Kyrgyzstan has officially launched USDKG, its first government-backed stablecoin.

USDKG is pegged to the U.S. dollar and backed by physical gold reserves.

The initial supply includes 50 million tokens minted on the Tron blockchain.

President Sadyr Zhaparov led the official launch ceremony in Bishkek.

The stablecoin is issued by a fully state-owned entity called OJSC Issuer of Virtual Assets.

Kyrgyzstan has issued its first government-backed stablecoin, USDKG, which is pegged to the U.S. dollar and backed by gold. Authorities launched the cryptocurrency during an official ceremony in Bishkek attended by top government officials. The token, minted on the Tron blockchain, begins circulation with an initial supply of 50 million coins.

USDKG Stablecoin Debuts with Gold Reserves and U.S. Dollar Peg

President Sadyr Zhaparov led the launch event in the capital city, pressing a symbolic button to begin minting. Finance Minister Almaz Baketayev and Biybolot Mamytov, chairman of OJSC “Issuer of Virtual Assets,” were also present. The new stablecoin aims to link blockchain innovation with Kyrgyzstan’s gold holdings.

Each USDKG token equals one U.S. dollar and is supported by physical gold stored by the Kyrgyz state. The government described the project as a strategic move to modernize the country’s financial infrastructure. Officials hope this will help Kyrgyzstan enter global financial networks and attract technology investors.

The issuer, OJSC “Issuer of Virtual Assets,” is fully state-owned and authorized to distribute the new digital asset. The company began minting USDKG using the Tron blockchain at the event. Officials confirmed the first batch includes 50 million tokens ready for circulation.

According to a release from President Zhaparov’s office, “USDKG is crafted as a digital currency, marrying the steadfastness of gold with the cutting edge of blockchain technology.” Kyrgyzstan expects USDKG to boost its appeal to international partners and capital investors. Officials emphasized the crypto’s potential to support Web3 services and innovation.

Government representatives stated that the new digital asset will facilitate public-private sector collaboration through secure blockchain technology. This may enhance transparency and promote growth in the digital economy. The stablecoin is positioned as an investment-friendly project with a strong physical asset base.

The Kyrgyz finance ministry announced earlier that the token would soon be listed on both centralized and decentralized exchanges. The State Service has registered USDKG for Regulation and Supervision of Financial Markets. This agency oversees all non-bank financial institutions in Kyrgyzstan.

Kyrgyzstan Seeks Distance from Sanctioned Ruble-Pegged A7A5 Coin

Officials clarified that USDKG is not part of Kyrgyzstan’s central bank digital currency (CBDC) plans. The digital som (KGST) remains under review by the central bank. USDKG will operate independently through the state-owned token issuer.

The finance ministry explained that USDKG is initially backed by $500 million in gold reserves. The reserves are controlled by the Kyrgyz state, with plans to expand to $2 billion. Authorities say these reserves will support stability and long-term credibility.

The launch fulfills the government’s May announcement to create a gold-backed digital asset called the “Gold Dollar.” Kyrgyzstan had targeted a third-quarter launch but has now confirmed the release for this November. The official launch aligns with previously shared timelines.

Kyrgyzstan is already home to the ruble-pegged A7A5 stablecoin, issued by a Russian-affiliated firm. However, A7A5 has come under scrutiny for claims that it helped Russia bypass global sanctions. Western governments have sanctioned related platforms and banks in Kyrgyzstan.

The government has clarified that USDKG is unrelated to A7A5 and is issued under full state ownership. They intend to avoid connections to sanction-evading cryptocurrencies. Kyrgyz officials insist that USDKG complies with all financial regulations and international compliance standards.

The country aims to maintain transparency through regulatory oversight and public announcements on token issuance. Officials promised additional updates as USDKG reaches global exchanges. Kyrgyzstan plans to promote the token to international investors and partners.

USDKG is expected to be accessible through multiple crypto platforms in the coming days. The finance ministry confirmed that registration and regulatory approvals are complete. The rollout continues as the country expands its blockchain initiatives.

The post USDKG Debuts: Kyrgyzstan Issues Gold-Backed Coin Pegged to USD appeared first on Blockonomi.

TLDR

JPMorgan warned that Strategy may be removed from the MSCI indices on January 15.

The removal could lead to passive outflows of up to $2.8 billion.

An additional $8.8 billion in exposure remains if other index providers follow suit.

Strategy’s stock has already dropped to levels seen during the pandemic.

JPMorgan stated that losing index status could hurt liquidity and reputation.

JPMorgan has warned that Strategy (MSTR) may be ejected from the MSCI indices following the January 15 review. This could cause nearly $2.8 billion in passive outflows and affect an additional $8.8 billion. The firm’s exposure to Bitcoin and its structure could push it out of key benchmarks, according to JPMorgan.

MSCI Decision Could Lead to $2.8 Billion in Passive Outflows

JPMorgan analysts said Strategy could lose its place in the MSCI World and MSCI USA indices next year. They stated that the stock’s current classification and exposure to Bitcoin could influence the ruling. The analysts estimate this removal could drive passive outflows of up to $2.8 billion.

They added that another $8.8 billion in exposure would remain if other index providers follow MSCI’s lead. Passive funds that track these benchmarks may be forced to exit their positions. JPMorgan stated this would cause significant shifts in institutional exposure to Strategy.

“Strategy’s presence in indexes let Bitcoin reach traditional portfolios indirectly,” said JPMorgan analyst Nikolaos Panigirtzoglou. He added that this dynamic could change rapidly if MSCI removes the stock from its indices. The current market response reflects that possibility.

Index Removal May Affect Stock Liquidity and Reputation

JPMorgan believes that being dropped from MSCI indices could lower Strategy’s market liquidity. It might also hurt the stock’s appeal to institutional clients. Analysts said this could raise new concerns about the company’s ability to raise equity capital.

The firm currently holds over $9 billion in passive inflows through ETFs and index funds. JPMorgan noted that losing index exposure could also affect pricing efficiency and valuation support. “These effects usually materialize fast in modern passive-heavy markets,” the analysts said.

Strategy’s stock value has already dropped to levels last seen during the pandemic. Market participants appear to be reacting to the potential index reclassification. JPMorgan highlighted this as a reflection of sentiment tied to benchmark inclusion.

JPMorgan Says Strategy Resembles an ETF

The S&P 500 committee excluded Strategy from its latest update, citing structure and earnings issues. Robinhood, AppLovin, and Emcor were added instead. JPMorgan said Strategy’s profile resembles an ETF more than a company with recurring profits.

Benchmark analyst Mark Palmer said the company likely missed the cut due to earnings volatility. “The committee may want more clean quarters before considering inclusion,” he said. JPMorgan supported this view in its own notes.

Strategy Chairman Michael Saylor said he did not expect an immediate S&P 500 inclusion. “We’re a new concept making believers every quarter,” he said. Saylor remains confident about the firm’s long-term trajectory.

Strategy holds more than 638,000 BTC, currently worth around $72 billion. This amounts to about 3% of the total Bitcoin supply. JPMorgan said this makes the firm more of a financial entity than a software company.

S&P Dow Jones still classifies Strategy as a software firm under GICS. JPMorgan said this legacy classification affects index decisions. The analysts noted this mismatch may delay broader index inclusion.

The company’s market capitalization stands at $94 billion. JPMorgan said most of this valuation now relies on Bitcoin. Its Bitcoin holdings remain the largest among public companies globally.

MSCI Adds and Removes Dozens of Stocks Across Index Families

MSCI has added 69 securities and deleted 64 from the MSCI ACWI Index. JPMorgan said Strategy’s name was absent from both lists. This implies that further review may determine its status in the upcoming update.

Nebius Group A, CoreWeave, and Insmed are the three most significant additions to the MSCI World Index. GF Securities, Barito Renewable Energy, and Zijin Gold International are joining the Emerging Markets Index.

The MSCI ACWI Small Cap Index saw 207 additions and 224 deletions. JPMorgan noted that Strategy did not appear in these changes either.

MSCI’s next index review and rebalance will take effect on January 15, 2025. JPMorgan expects that the Strategy’s position will be finalized during that round. Index fund managers are preparing for potential rebalancing actions.

The post JPMorgan Flags $2.8B Risk as MSCI May Drop Strategy from Indices appeared first on Blockonomi.

TLDR

MSTR stock dropped to $173.55, marking a new 52-week low for the company.

The stock briefly bounced to $176 but stayed near its lowest yearly range.

MSTR stock has fallen 40 percent in 2025 and over 62 percent in the past year.

Strategy has not yet completed its full common stock issuance plan.

The company aims to continue selling MSTR stock to fund its operations until 2030.

MSTR stock dropped to a new 52-week low of $173.55 this week. The decline tracked the broader Bitcoin dip, which fell below $88,000. MSTR stock briefly recovered to $176 but remained near its year-low.

Ongoing Slide in MSTR Stock Sparks Concerns

MSTR stock has now declined by more than 40% in 2025 and by 62% over the past 12 months. The slide raised concerns about the Strategy’s business model’s viability. Investors tracked MSTR’s daily movements as it mirrored BTC’s weakness.

Strategy has not yet completed its whole common stock issuance plan. The company intends to continue selling MSTR stock through 2030. At current levels, this strategy may be unworkable.

BTC now trades below the Strategy’s average acquisition cost of $74,000. The company’s BTC treasury is mostly underwater. The falling MSTR stock price is limiting the company’s financing flexibility.

Preferred Shares Fall Below Par Value

To support operations, Strategy issued preferred shares labeled STRD, STRK, STRF, and STRC. These shares once traded near $100. Now STRD trades at $66, STRK at $75, STRF at $95.08, and STRC at $92.02.

This decline points to increasing pressure on Strategy’s financing instruments. The lower price implies higher yields, but also greater market risk. Preferred shares are generating losses for current holders.

While these instruments helped Strategy buy more BTC, they added financial obligations. These obligations now limit further BTC accumulation. Strategy’s debt servicing needs have increased.

MSTR stock’s drop has also pushed Strategy’s total valuation below the net value of its BTC treasury. The company’s fully diluted market cap is now below its total BTC asset value. The FDV/NAV ratio has dropped to 0.98.

Concerns Over Model and Valuation Ratio

Despite no dilution in recent weeks, MSTR stock continues to lose investor confidence. The number of BTC per MSTR share has increased. However, this metric has not supported the MSTR stock price.

Strategy’s playbook relies on long-term BTC accumulation. Yet market conditions are challenging this approach. Current funding methods may not sustain future BTC purchases.

Michael Saylor, Strategy’s executive chairman, addressed market concerns. “We are positioned to hold through a BTC drop of up to 80%,” he said. The statement attempted to ease pressure on MSTR stock.

However, selling BTC to raise funds could depress prices further. Such moves might trigger reputational damage. These concerns continue to weigh on MSTR stock.

MSTR stock’s current price is nearing levels last seen during the dotcom crash. The company’s history adds to investor uncertainty. MSTR stock now trades well below its 2025 peak.

As of Thursday, MSTR stock remained volatile in early trading. BTC also failed to recover above $88,000. Both assets continued facing downside pressure heading into the weekend.

The post MSTR Stock Slumps to $173.55 as Bitcoin Dips Below $88,000 appeared first on Blockonomi.

Apia, Samoa, November 20, 2025 — Phemex, a user-first crypto exchange, announces a month-long anniversary campaign featuring $6 million in rewards, running from November 19 to December 19, 2025. The celebration follows a milestone year in which the platform expanded from 6 million to over 10 million users and completed a full rebrand, underscoring its growth into a diversified crypto trading ecosystem.

The campaign spans five core venues, each offering tailored rewards for different trading behaviors. Prizes range from Rolex watches and iPhone 17 Pro Max devices to broad-based reward pools distributed across everyday trading activities.

On Spot, users gain access to 0-fee trading and Candy Drop token rewards. Futures participants can enter a trading competition, open lucky boxes, and compete for premium prizes. In Earn, users can explore flexible and fixed products with competitive APYs. Fiat users benefit from zero-fee card deposits throughout the period, while Referral missions provide additional bonuses for community-driven participation.

Federico Variola, CEO of Phemex, commented: “Our platform now serves traders with distinct habits and goals, so our anniversary campaign is designed in the same way—multiple venues, real utility, and rewards that match how people actually use Phemex. It reflects the broader strategy behind our ecosystem expansion.”

As Phemex enters its seventh year, the exchange will continue rolling out seasonal events, trading festivals, product upgrades, and global community programs. The 6th anniversary campaign marks only the beginning of a broader series of initiatives designed to strengthen user connection while making the platform more interactive, rewarding, and fun. More updates and celebrations will be announced throughout the season.

About Phemex

Founded in 2019, Phemex is a user-first crypto exchange trusted by over 10 million traders worldwide. The platform offers spot and derivatives trading, copy trading, and wealth management products designed to prioritize user experience, transparency, and innovation. With a forward-thinking approach and a commitment to user empowerment, Phemex delivers reliable tools, inclusive access, and evolving opportunities for traders at every level to grow and succeed.

For media inquiries, please contact: [email protected]

For more information, please visit: https://phemex.com/

Media Contact

Oyku Yavuz

PR Lead

[email protected]

The post Phemex Launches $6 Million, Multi-Venue Festival to Celebrate Its 6th Anniversary appeared first on Blockonomi.

TLDR

Rep. Warren Davidson introduces a bill allowing U.S. taxpayers to pay taxes using Bitcoin.

The bill creates a Strategic Bitcoin Reserve, with Bitcoin payments directed into this fund.

Bitcoin tax payments will be credited based on fair market value, no capital gains taxes applied.

Treasury will establish strict protocols for Bitcoin custody, including cold storage and multi-signature wallets.

The bill aims to position the U.S. competitively in the global digital economy by diversifying financial assets.

Rep. Warren Davidson (R-OH) introduced the Bitcoin For America Act today in the U.S. House of Representatives. This new legislation aims to allow U.S. taxpayers to pay federal taxes using Bitcoin. The bill would establish a Strategic Bitcoin Reserve (SBR), with all Bitcoin payments directed into this reserve. The goal is to modernize the U.S. financial system and integrate the country into the global digital asset economy.

Allowing Tax Payments in Bitcoin

The Bitcoin For America Act would enable individuals to settle federal tax obligations by transferring Bitcoin directly to the U.S. Treasury or its designated financial agents. Bitcoin payments would fulfill tax liabilities in full, without incurring capital gains taxes on the transaction. The amount credited would be based on the fair market value of Bitcoin at the time of the transfer, similar to how foreign currency payments are currently handled.

Under the bill, the Treasury would establish strict custody protocols for the new Strategic Bitcoin Reserve. These measures include cold storage, multi-signature wallets, and geographically distributed storage locations. Bitcoin placed in the reserve would be held for a minimum of 20 years. The reserve would be used as a long-term store of value, ensuring the assets are preserved for future generations.

Strengthening U.S. Financial Resilience

The Bitcoin For America Act seeks to diversify U.S. assets by adding Bitcoin to federal finances, offering an alternative to traditional fiat currency. Bitcoin’s scarcity and inflation-resistant nature are central to the bill’s design. As Bitcoin has a fixed supply of 21 million coins, proponents argue that it serves as a hedge against inflation and currency devaluation. Davidson contends that other nations, including China and Russia, are already accumulating Bitcoin to strengthen their financial systems.

By adopting similar strategies, the U.S. could protect its financial position and remain competitive in the digital economy. The bill aims to ensure the U.S. does not fall behind in the global race toward digital assets. In 2023, President Trump’s executive order established a U.S. Strategic Bitcoin Reserve, funded by seized Bitcoin. This new bill seeks to expand that initiative further by allowing citizens to voluntarily contribute to the reserve through tax payments.

The post Rep. Warren Davidson Introduces Bitcoin For America Act, Proposes Tax Payments in Bitcoin appeared first on Blockonomi.

TLDR

21Shares launched a leveraged Dogecoin ETF, offering investors twice the daily performance of Dogecoin before fees and expenses.

FalconX’s acquisition of 21Shares combines institutional trading with expertise in exchange-traded funds (ETFs).

FalconX aims to expand its reach across the U.S., Europe, and Asia-Pacific with 21Shares’ crypto ETF experience.

Russell Barlow remains CEO of 21Shares, which will continue to operate independently under FalconX.

The acquisition follows FalconX’s earlier deals, including the Arbelos Markets acquisition and investment in Monarq Asset Management.

In a move set to expand its portfolio, 21Shares launched a leveraged Dogecoin ETF as FalconX completed its acquisition of the firm. This strategic acquisition is expected to solidify FalconX’s position in the global digital asset market, combining its institutional trading capabilities with 21Shares’ expertise in exchange-traded funds (ETFs).

FalconX Strengthens Its Market Presence

The acquisition marks a notable development for FalconX, a leading digital asset prime brokerage. The deal positions FalconX to leverage 21Shares’ extensive experience in crypto ETFs to broaden its offering. By integrating 21Shares‘ focus on exchange-traded products with FalconX’s institutional-grade trading and risk management platform, the two companies plan to expand their global reach across the U.S., Europe, and Asia-Pacific.

FalconX CEO Raghu Yarlagadda noted that the combined forces will help accelerate innovation and increase access to digital assets for investors. The integration of 21Shares into FalconX’s operations further strengthens their collective product and structuring capabilities.

New Leveraged Dogecoin ETF

As part of this acquisition, 21Shares unveiled a new leveraged Dogecoin ETF, which aims to provide investors with twice the daily performance of Dogecoin, before fees and expenses. This launch adds to 21Shares’ growing range of crypto-focused investment products.

In addition to single-asset products, the company offers a variety of index ETFs that include assets like Bitcoin, Ethereum, Solana, and Dogecoin. Despite the acquisition, 21Shares will continue to operate independently under FalconX. Russell Barlow will remain CEO of 21Shares, leading the firm’s efforts to deliver innovative products and services to its clients.

The finalized acquisition of 21Shares follows FalconX’s broader strategy to strengthen its position in the digital asset market. This includes FalconX’s earlier acquisition of Arbelos Markets in January 2025, focused on crypto derivatives. In addition, FalconX’s investment in Monarq Asset Management in June 2025 signals its push to diversify offerings in actively managed digital asset strategies.

 

The post 21Shares Debuts Leveraged Dogecoin ETF as FalconX Acquisition Seals appeared first on Blockonomi.

TLDR

Exact Sciences is being acquired by Abbott Laboratories for $105 per share in cash, representing a 21.8% premium

The deal values Exact Sciences at approximately $21 billion in equity value, with total transaction value reaching $23 billion including debt

Exact Sciences’ flagship products Cologuard and Oncotype DX will join Abbott’s diagnostics portfolio

The company is projected to generate more than $3 billion in revenue this year with high-teens organic growth

The transaction is expected to close in the second quarter of 2026 after shareholder approval

Exact Sciences will be acquired by Abbott Laboratories in a deal announced Thursday. The transaction values the cancer diagnostics company at approximately $21 billion in equity.

BREAKING: We’re acquiring @ExactSciences, a leader in cancer diagnostics. Together, we’ll transform cancer care through early detection and the support of personalized cancer treatment. Learn more. https://t.co/uPzFThWKJ0 pic.twitter.com/qYIUPEgVkx

— Abbott (@AbbottNews) November 20, 2025

Abbott will pay $105 per share in cash to Exact Sciences shareholders. This represents a premium of about 21.8% over Wednesday’s closing price of $86.18.

Shares of Exact Sciences rose more than 17% to $101.40 in premarket trading following the announcement. The stock gain reflects investor approval of the buyout terms.

The total transaction value reaches up to $23 billion when including Exact Sciences’ estimated net debt of about $1.8 billion. Abbott will assume this debt as part of the acquisition.

Exact Sciences brings two major cancer screening products to Abbott. The first is Cologuard, a non-invasive colorectal cancer screening test.

Home-Based Cancer Screening

Cologuard allows patients to screen for colorectal cancer from home. The test requires only a stool sample that patients mail to a lab.

This contrasts with traditional colonoscopy procedures. Those require bowel preparation, sedation, and a clinical visit.

Colorectal cancer is the second-leading cause of cancer-related deaths worldwide. The home-based screening option has driven strong adoption of Cologuard.

The acquisition also includes Oncotype DX. This test screens for early-stage breast cancer.

Exact Sciences is projected to generate more than $3 billion in revenue this year. The company is growing at a high-teens organic rate.

Financial Impact on Combined Company

Abbott’s diagnostics business will exceed $12 billion in annual sales after the deal closes. This includes Exact Sciences’ revenue contribution.

Abbott’s existing diagnostics portfolio includes lab tests for heart disease and infections. The company also makes rapid tests for illnesses like COVID-19.

The deal helps Abbott offset declining revenue from COVID-19 testing kits. Cancer screening represents a faster-growing market segment.

Exact Sciences CEO Kevin Conroy will remain with the company in an advisory role. The company will maintain its presence in Madison, Wisconsin.

The transaction requires Exact Sciences shareholder approval. The deal is expected to close in the second quarter of 2026.

Abbott made the acquisition announcement Thursday morning. It marks Abbott’s first major push into cancer screening.

The post Exact Sciences (EXAS) Stock: Abbott to Acquire Cancer Diagnostics Company for $21 Billion appeared first on Blockonomi.

TLDR

Walmart reported Q3 earnings of $0.62 per share, beating analyst expectations of $0.60, with revenue reaching $179.5 billion versus $177.6 billion expected

US same-store sales rose 4.5%, exceeding the 4% forecast, driven by 1.8% increase in foot traffic and 2.7% rise in average ticket

The company raised full-year guidance, now expecting net sales growth of 4.8%-5.1% and adjusted EPS between $2.58-$2.63

Global eCommerce sales surged 27% and Walmart’s advertising business jumped 53%, with Walmart Connect up 33% in the US

Stock fell 2% after earnings despite the beat, while CEO Doug McMillon announced his retirement with John Furner set to take over

Walmart posted third-quarter results that beat Wall Street forecasts on Thursday, yet investors sent shares down 2% in early trading. The retailer reported adjusted earnings of $0.62 per share, topping the $0.60 consensus estimate.

Revenue climbed 6% year-over-year to $179.5 billion. Analysts had expected $177.6 billion. The results marked CEO Doug McMillon’s final quarterly report before his planned retirement early next year.

$WMT (Walmart) #earnings are out: pic.twitter.com/fveL3rzXRv

— The Earnings Correspondent (@earnings_guy) November 20, 2025

US same-store sales increased 4.5%, beating the 4% forecast. Foot traffic rose 1.8% while the average transaction value grew 2.7%. The combination drove solid in-store performance across Walmart’s domestic locations.

The company’s grocery business, which accounts for roughly 60% of US sales, grew by low single digits. Price rollbacks and delivery options helped drive unit volume growth. Customers also increasingly turned to Walmart’s private label brands during the quarter.

Digital Growth Powers Revenue Beat

Global eCommerce sales surged 27% in the quarter. The strong digital performance helped offset softer results from Sam’s Club, which posted 3.8% growth versus Wall Street’s 4.8% expectation.

Walmart’s advertising business exploded with 53% growth, including contributions from VIZIO. Walmart Connect, the company’s US advertising platform, grew 33%. Membership income jumped 16.7%.

Health and wellness sales grew in the low single digits, driven by increased pharmacy prescription counts. Digital merchandising also expanded, with strength in fashion, home, and auto care categories.

Raised Guidance Reflects Confidence

Management lifted its full-year outlook. Net sales are now expected to increase 4.8% to 5.1%, up from the previous range of 3.75% to 4.75%. The company also boosted its adjusted earnings forecast to $2.58-$2.63 per share, from $2.52-$2.62 previously.

Capital expenditures for the year are projected to hit 3.5% of net sales. That’s at the high end of the previous 3%-3.5% range. The spending reflects continued investment in stores and supply chain infrastructure.

“We’re gaining market share, improving delivery speed, and managing inventory well,” McMillon said in the earnings release. The CEO praised incoming leader John Furner as “a fantastic leader with a proven track record.”

Leadership Transition Takes Center Stage

McMillon announced last week that he would step down early next year. Furner, currently president of Walmart US, will take over as CEO. The transition comes as the retailer continues to gain market share in a challenging consumer environment.

“It’s been an honor to serve them as CEO, and I’m as excited about the future of this company as I’ve ever been,” McMillon said Thursday. The leadership change caps his tenure at the helm of the world’s largest retailer.

Gross margin improved by 2 basis points, led by gains in the US business. International margins faced pressure from the timing of Flipkart’s Big Billion Days event. Operating income decreased 0.2%, primarily due to a non-cash share-based compensation charge at PhonePe.

Adjusted operating income rose 8% in constant currency terms. The metric excludes one-time charges and currency fluctuations. Revenue growth of 5.8% on a reported basis translated to 6% in constant currency.

Walmart also announced plans to move its stock listing from the NYSE to the Nasdaq. The company will maintain its WMT ticker symbol. The switch will take effect in the coming months.

The post Walmart (WMT) Stock: Retail Giant Beats on Sales But Wall Street Isn’t Impressed appeared first on Blockonomi.

TLDR

Oklo partnered with Siemens Energy to accelerate component procurement for its Aurora powerhouse project

The deal covers engineering and design work for the power conversion system at Idaho National Laboratory

First Aurora deployment scheduled for late 2027 or early 2028

Stock jumped 4% Wednesday but remains highly speculative with no revenue

Shares up 385% year-to-date despite recent volatility and zero commercial operations

Oklo shares gained ground Wednesday following news of a binding agreement with Siemens Energy. The deal advances the company’s Aurora powerhouse project, though investors face a long wait before commercial operations begin.

Siemens Energy will handle engineering and design activities to speed up component sourcing for the Aurora powerhouse’s power conversion system. The facility is under development at Idaho National Laboratory in Idaho.

The stock climbed 4% during morning trading after reaching an earlier high of 9.6%. This gain came as the broader S&P 500 added 0.4%.

What Makes Aurora Different

Aurora uses a small fast reactor cooled by sodium instead of water. The design allows the system to run on spent nuclear fuel from traditional plants without additional uranium enrichment.

Alex Renner, Oklo’s chief product officer, emphasized the benefits of using proven technology. The company can leverage commercially available power systems like Siemens Energy’s turbine technology to reduce costs and speed up timelines.

Oklo plans to eventually pair AI data centers with Aurora Powerhouses. Both would share the same cooling system, creating a compact footprint that could operate near population centers without straining local power grids.

The company targets late 2027 or early 2028 for its first Aurora deployment. This timeline gives a clear benchmark for when the technology might prove itself in real-world conditions.

The Risk Factor

Oklo generates no revenue. The company has no commercial operations, no operating cash flow, and no proven business model.

The prototype reactor won’t reach criticality for at least another year. Even after that milestone, teams will need time to evaluate performance and cost data. Investors probably won’t see concrete validation until late 2027 at the earliest.

This uncertainty shows in the stock price. Shares traded under $20 in April before rocketing to nearly $175 by mid-October. After a sharp pullback, the stock now sits around $100.

Recent Price Action

The stock has delivered a 385% gain year-to-date. But that performance came with wild swings that highlight the speculative nature of the investment.

In late October, Cathie Wood’s Ark Autonomous Technology & Robotics ETF trimmed its Oklo holdings by about one-third. The move triggered a 30% drop over the next week even though the fund kept a $14.7 million position.

These price movements happen without fundamental business changes. Instead, they respond to news releases, industry developments, and investor sentiment shifts.

The company’s market cap stands at $16 billion. Wednesday’s trading volume hit 71,000 shares against an average of 19 million shares. The 52-week range stretches from $17.14 to $193.84.

The stock closed Wednesday at $102.86, up $6.23 from Tuesday’s close. Investors buying shares today are essentially betting on technology that won’t be validated for at least two more years.

The Siemens Energy partnership represents progress toward that goal. But with years of development ahead and zero revenue on the books, Oklo remains a high-risk play suited only for investors comfortable with extreme volatility and long wait times.

The post Oklo Stock: Nuclear Startup Lands Siemens Energy Deal For Reactor Project appeared first on Blockonomi.

TLDR

Tesla shares reached $410.50 on November 20, gaining 2.3% after xAI fundraising news emerged

Musk’s xAI is securing $15 billion at a $230 billion valuation, nearly double its March value

Tesla shareholders cast 1.1 billion votes supporting a potential xAI investment during their annual meeting

The stock closed Wednesday at $403.99, up 0.7% as AI-related optimism lifted shares

Arizona granted Tesla a TNC permit for paid ride-hailing services with required safety drivers

Tesla shares climbed this week after reports surfaced about Elon Musk’s AI company raising capital. The stock gained momentum as investors evaluated the potential connections between the two ventures.

Shares hit $410.50 on November 20, representing a 2.3% increase over 24 hours. The Wednesday session saw the stock close at $403.99, up 0.7%.

xAI is raising $15 billion in fresh funding according to The Wall Street Journal. The round values the AI startup at approximately $230 billion.

That marks a substantial increase from the $110 billion valuation xAI carried in March. The company completed a merger with Musk’s X platform earlier in the year.

Musk holds roughly 50% ownership in xAI. The new valuation could boost his net worth by $50 billion to $60 billion.

During Tesla’s November 6 shareholder meeting, investors weighed in on a potential xAI investment. The advisory measure received 1.1 billion supporting votes against 916 million opposed.

While non-binding, the vote demonstrates shareholder interest in xAI’s trajectory. The overlap between both companies’ AI ambitions makes the relationship noteworthy.

Technical Analysis Shows Mixed Signals

The 50-day moving average sits at $402 and has begun trending upward. However, the 200-day moving average near $435 continues blocking upside progress.

The stock’s 52-week range spans $214.25 to $488.54. Current pricing places shares near the middle of that spectrum.

Volume increased during the recent rally, lending support to the move. The RSI indicator recovered to 58 from oversold territory.

Wedbush analyst Dan Ives anticipates Tesla pursuing an “investment and partnership” with xAI. No formal arrangement exists currently.

AI Focus Drives Valuation Multiple

Wall Street increasingly treats Tesla as an AI play rather than a traditional automaker. Autonomous driving and robotics programs underpin future growth expectations.

The company carries a $1.3 trillion market cap with shares trading at 180 times projected 2026 earnings. Those metrics reflect AI-driven revenue assumptions.

Recent earnings showed record revenue but operating margins face headwinds. Research spending and stock compensation costs have risen.

Profitability metrics remain under pressure. Analysts believe news flow will continue driving sentiment until execution improves.

Arizona Permit Expands Mobility Plans

Tesla obtained a TNC permit in Arizona for commercial ride-hailing operations. State rules require vehicles to maintain drivers or safety monitors.

The permit allows Tesla to compete in Phoenix’s autonomous mobility sector. Companies like Waymo already operate in the market.

The stock’s high beta of 1.87 signals continued volatility. Technical analysts project near-term trading between $380 and $450.

A breakout above $450 could target the yearly high near $488. Downside support exists at $390, with stronger levels at $370 and $345-$350.

The chart pattern suggests a developing symmetrical triangle. Higher lows from October and lower highs from July create the formation.

The post Tesla (TSLA) Stock Jumps Following xAI’s $15 Billion Fundraising Round appeared first on Blockonomi.

TLDR

Palantir’s $394 billion valuation needs to climb 145% to reach the trillion-dollar milestone currently held by 10 companies.

Q3 revenue hit $1.18 billion with 63% year-over-year growth, driven by 121% surge in US commercial sales and 52% government revenue increase.

The company trades at a P/E ratio of 444 and P/S ratio of 112, reflecting extreme valuations after a 2,000% rally since late 2022.

Operating margins improved to 51% in Q3 as the company transitions from development to deployment, with R&D costs dropping to 12.2% of revenue.

Adjusted free cash flow reached $540 million with total contract value of $2.8 billion, up 151% from last year.

Palantir Technologies sits at a $394 billion market cap. Reaching the exclusive trillion-dollar club would require a 145% stock price increase from current levels.

The data analytics company reported Q3 revenue of $1.18 billion. That marks a 63% jump compared to the same period last year.

US commercial revenue exploded 121% to $397 million. Government contracts brought in $486 million, up 52% year-over-year.

The company closed 204 deals worth at least $1 million during the quarter. Of those, 91 exceeded $5 million and 53 topped $10 million.

Palantir’s software suite includes three main platforms. Foundry helps businesses structure data across multiple systems.

Gotham serves government agencies and defense operations. Apollo provides the infrastructure layer for deployment.

Strong Profitability Metrics Emerge

Adjusted operating income reached $600.5 million in Q3. That’s more than double the $275.5 million from a year earlier.

Operating margins expanded to 51% from 38%. Adjusted free cash flow hit $540 million with a 46% margin.

The company’s R&D spending tells an interesting story. It dropped from 18% of revenue in 2024 to 12.2% in Q3 2025.

This shift reflects a move from development to deployment. Hiring data backs this up.

Job postings for software developers peaked at 250 in October 2024. By September 2025, that number fell to around 150.

Meanwhile, positions for operations and deployment staff increased 13%. This pattern typically signals stronger margins ahead.

Valuation Remains a Sticking Point

The stock trades at a forward P/E ratio of 237. Its price-to-sales multiple sits at 112.

These metrics are extreme even for fast-growing software companies. The trailing P/E ratio of 444 is down from a peak of 600 but still well above peers.

Palantir’s market cap was just $12 billion before ChatGPT launched. The stock has since surged roughly 2,000%.

To match Apple’s post-2001 peak P/E of 100, Palantir would need profits to jump 4.5 times. Just three of 16 Wall Street analysts rate the stock a buy.

Total contract value for the quarter hit $2.8 billion, up 151% year-over-year. US commercial TCV reached a record $1.3 billion, up 342%.

Remaining deal value in the US commercial segment grew 199% to $3.6 billion. Adjusted earnings per share came in at $0.21.

The trillion-dollar club currently has 10 members. Nvidia leads at $4.6 trillion, followed by Apple at $4.0 trillion.

Other members include Microsoft, Alphabet, Amazon, Broadcom, Meta, Taiwan Semiconductor, Tesla, and Berkshire Hathaway.

The addressable market for AI software is estimated at $13 trillion. Palantir’s products continue gaining traction in both commercial and government sectors.

The company reported a Rule of 40 score of 114% in Q3. Trailing twelve-month adjusted free cash flow reached $2.0 billion with a 51% margin.

The post Palantir (PLTR) Stock: Is This 20% Drop a Buying Opportunity? appeared first on Blockonomi.

TLDR

Opendoor Technologies shares fell 11% Wednesday as housing market data revealed stagnant conditions

The stock has lost nearly 30% over the past week as inventory concerns mount

Redfin reported October home sales and listings remain flat with no growth momentum

Interim CFO sold $583,473 worth of shares through mandatory compensation program

Company holds billions in unsold housing inventory while operating at a loss

Opendoor Technologies took a beating Wednesday, closing down 11% while major indexes posted gains. The S&P 500 added 0.3% and the Nasdaq rose 0.5%, making the real estate company’s losses stand out even more.

The stock finished at $6.69 with a market cap of approximately $6.4 billion. This extends a painful losing streak that has erased nearly 30% of shareholder value since last Wednesday.

Real estate brokerage Redfin released data showing the housing market has essentially stopped moving. October home sales and new listings remained unchanged from September. The company described current conditions as a plateau driven by high costs and economic uncertainty.

Redfin’s assessment was blunt: while the market has been cooling for years, the past twelve months have been “especially stagnant.” For Opendoor’s business model, that’s a worst-case scenario.

The Inventory Problem

Opendoor purchases homes directly from sellers, holds them briefly, then resells for a profit. At least that’s how it works when the market cooperates.

When buyers disappear, the company gets stuck with billions in housing inventory. Each passing day adds to carrying costs. Property taxes don’t stop. Maintenance bills keep coming. The company’s gross margin of just 8.01% leaves little room for error.

A paralyzed market means inventory sits longer. Revenue slows. Costs pile up. Profits evaporate.

The company posted a negative P/E ratio and continues burning cash. Despite year-to-date gains of 393%, the recent sell-off has investors questioning the turnaround story.

Insider Sale Adds Pressure

Interim CFO Christina Schwartz unloaded 73,951 shares on November 18. The sale netted $583,473 through a mandatory sell-to-cover program established by the compensation committee.

These transactions typically cover tax obligations on stock compensation. They’re not necessarily bearish signals. But timing matters, and selling during a sharp decline doesn’t help market sentiment.

Management Promises Changes

New leadership has outlined plans to rescale operations following third-quarter earnings. The strategy involves adjusting home purchase volumes and streamlining operations.

Citi upgraded its price target based on these initiatives. The bank sees potential in management’s pivot toward profitability.

But promises don’t pay bills. Opendoor relies heavily on debt while posting losses quarter after quarter. Execution risk remains high. The 52-week trading range of $0.51 to $10.87 tells the volatility story.

Recent trading sessions have been wild. Shares initially dropped on bearish options activity before bouncing on bullish flows. That rally fizzled as housing concerns dominated.

Average daily volume runs 251 million shares. Wednesday saw lighter action at 120,000 shares as selling pressure mounted throughout the session.

The company needs the housing market to thaw. Until buyers and sellers return, Opendoor faces mounting pressure to reduce inventory at potentially unfavorable prices.

The post Opendoor (OPEN) Stock: Slides as Housing Market Slows and Insider Offloads 583K Shares appeared first on Blockonomi.

TLDR

ARK Invest purchased $39 million in crypto stocks on Wednesday during market decline

Bullish received largest investment at $17.5 million across three ARK ETFs

Circle Internet Group saw $16.5 million investment, BitMine got $8.4 million

Crypto stocks dropped sharply with Circle falling 9% and BitMine down 9.5%

ARK sold $16.6 million in AMD shares while accumulating crypto positions

ARK Invest made substantial purchases of crypto-related equities on Wednesday, acquiring more than $39 million in shares as the sector experienced widespread declines. The investment firm led by Cathie Wood deployed capital across three of its exchange-traded funds.

The largest purchase focused on Bullish, with ARK acquiring 463,598 shares valued at $17.5 million. The ARK Innovation ETF (ARKK) purchased 322,917 shares, while the ARK Next Generation Internet ETF (ARKW) added 92,670 shares. The ARK Fintech Innovation ETF (ARKF) bought 48,011 shares.

Circle Internet Group received the second-largest investment from ARK. The firm purchased 216,019 shares worth $16.5 million. ARKK acquired 150,518 shares, ARKW added 43,174 shares, and ARKF purchased 22,327 shares.

ARK also increased its position in BitMine Immersion Technologies. The firm bought 260,651 shares totaling $8.4 million. ARKK led with 181,774 shares, while ARKW purchased 51,954 shares and ARKF added 26,923 shares.

Crypto Stocks Drop During Trading Session

Wednesday proved difficult for crypto-related stocks. Bullish closed down 3.63% at $36.39 per share. The stock recovered slightly during after-hours trading.

Circle Internet Group fell nearly 9% during the session, closing at $69.72. BitMine Immersion Technologies dropped 9.5% to finish at $29.18. BitMine recovered more than 6% in after-hours trading.

Strategy, the Bitcoin treasury firm led by Michael Saylor, dropped 9.82% during regular hours. The company later recovered some losses in after-hours trading.

ARK Continues Recent Buying Pattern

The Wednesday purchases continue ARK’s recent trend of accumulating crypto stocks during price declines. On Monday, ARK bought $10.2 million in BitMine shares when the stock reached a new record low.

The firm has maintained its buying activity throughout the past week. The crypto market has retreated from October highs, creating opportunities for ARK to add positions.

ARK simultaneously reduced holdings in traditional tech stocks. The firm sold 72,215 shares of AMD worth $16.6 million. The sale was distributed across ARKK, ARKW, and ARKF.

Additional sales included 54,280 shares of Teradyne for $8.9 million and 40,676 shares of Natera totaling $8.7 million. ARK offloaded 29,753 Pinterest shares for $766,734, continuing a week-long selling pattern.

The firm also sold 45,450 Iridium Communications shares for $734,017 and 24,338 Reddit shares valued at $4.5 million. Smaller purchases included 6,483 Klarna Group shares for $205,057 and 14,985 Shopify shares for $2.1 million.

Tech Sector Context

Nvidia reported quarterly earnings on Wednesday, posting $57 billion in revenue and $31.9 billion in profit. Both figures exceeded analyst expectations. The company forecasted $65 billion in fourth-quarter revenue.

Nvidia shares jumped more than 5% in after-hours trading following the announcement. The positive results lifted sentiment across tech and crypto-linked equities. Apple, Microsoft, Alphabet, Amazon, and Meta all posted gains in after-hours trading.

ARK’s Wednesday transactions total $39.4 million in crypto stock purchases against $16.6 million in AMD sales. The trading activity reflects the firm’s strategic shift toward crypto-related companies while trimming positions in established semiconductor stocks.

The post ARK Invest Loads Up on Bullish, Bitmine and Circle Stocks During Crypto Selloff appeared first on Blockonomi.

TLDR

Trump administration officials are lobbying Congress to block the GAIN AI Act that would limit Nvidia’s chip exports to China.

The legislation would force chipmakers to prioritize American buyers before selling to embargoed countries.

A second bill, the SAFE Act, is under development to formalize current export restrictions for 30 months.

Nvidia CEO Jensen Huang says China revenue forecasts are zero but wants to return to the market.

Treasury Secretary Bessent hints Nvidia could sell older Blackwell chips to China in 12-24 months.

The Trump administration is working to defeat legislation that would restrict Nvidia’s ability to sell AI processors to China. White House officials are urging lawmakers to vote down the proposed measure.

The GAIN AI Act would create a new system for chip exports. Under this system, American companies would get first access to advanced AI chips. Only after domestic demand is met could chipmakers sell to China and other embargoed nations.

The bill represents bipartisan pushback against Trump’s openness to chip sales in China. Republican Senator Jim Banks and other lawmakers crafted the legislation with an “America first” approach.

Nvidia’s Lobbying Victory

White House opposition gives Nvidia a major win. The company has fought hard against any measures that would further restrict its global sales. Nvidia maintains that no U.S. customers currently face chip shortages.

The potential defeat of GAIN AI marks a loss for some tech giants. Microsoft and other hyperscalers supported the bill. They wanted guaranteed hardware access over Chinese competitors.

Lawmakers are still deciding whether to include GAIN AI in the annual defense bill. The measure’s future remains uncertain as Congressional discussions continue.

Second Bill Targets Export Controls

Congress hasn’t given up on China restrictions entirely. A separate piece of legislation is in the works called the SAFE Act of 2025.

This bill would legally require the Commerce Department to deny export applications for chips more powerful than currently allowed. The mandate would stay in effect for 30 months. The time limit acknowledges how quickly AI technology evolves.

Senator Chris Coons is spearheading the SAFE Act effort. The bill aims to codify existing export limits rather than create new ones.

Market Access Questions

The U.S. began controlling Nvidia’s China shipments in 2022 over military concerns. Washington has tightened these controls multiple times. Trump restricted H20 chip sales in April despite Nvidia designing them specifically for Chinese compliance.

Trump’s team later approved H20 sales in exchange for 15% of the revenue. The arrangement raised legal questions but hasn’t been formally codified. The president also floated the idea of allowing downgraded Blackwell chip sales to China.

Nvidia CEO Jensen Huang addressed the China situation Wednesday during a Bloomberg Television interview. He confirmed the company’s China revenue forecast sits at zero. However, Huang said Nvidia would welcome a chance to reengage the market with quality products.

Treasury Secretary Scott Bessent offered a potential timeline for future sales. He told CNBC that Nvidia might eventually sell Blackwell chips to China once they’re no longer top-tier. Bessent estimated this could happen in 12 to 24 months as newer chips replace Blackwell at the cutting edge.

China has discouraged domestic companies from buying even the chips currently permitted for sale. Beijing is pushing for complete self-reliance in AI technology development.

The Commerce Department oversees export approvals for restricted technology. Current rules require permission for advanced chip sales to roughly 40 countries, including Saudi Arabia and the UAE.

The post NVIDIA (NVDA) Stock: White House Backs Chipmaker in China Export Fight appeared first on Blockonomi.

TLDR

Alphabet shares surged 3% to a record $292.82 on Wednesday following the Gemini 3 AI model launch

The new model beats OpenAI’s GPT 5.1 and competitors from Meta, xAI, Alibaba, and DeepSeek in benchmark testing

Gemini’s user base grew to 650 million monthly active users, up from 450 million in July

Analysts upgraded their outlook, calling Alphabet a “full-stack AI winner” after previous doubts about its AI strategy

Google introduced Gemini Agent for task automation and Antigravity platform for AI coding

Alphabet stock reached an all-time closing high of $292.82 on Wednesday. The 3% jump came after Google launched its Gemini 3 AI model.

The stock is up over 70% since the start of 2025. Wednesday’s performance brings Alphabet closer to overtaking Microsoft as the third-largest U.S. company by market capitalization.

CEO Sundar Pichai unveiled Gemini 3 on Tuesday, calling it Google’s most advanced AI model. Wall Street analysts responded with enthusiasm about the technology’s capabilities.

Introducing Gemini 3 — our most intelligent model that helps you bring any idea to life.

Gemini 3 is our next step on the path toward AGI and has:
State-of-the-art reasoning
Deep multimodal understanding
Powerful vibe coding so you can go from prompt to app in one shot… pic.twitter.com/zG8r95pGcS

— Google (@Google) November 18, 2025

William Blair analyst Ralph Schackart highlighted a major shift in investor thinking. He said sentiment moved from questioning Google’s AI strategy to viewing the company as a comprehensive AI leader.

Beating the Competition

Gemini 3 Pro outperforms OpenAI’s GPT 5.1 across multiple metrics. Data from Artificial Analysis shows superior results in general intelligence and coding tasks.

The model also topped offerings from xAI, Meta, Alibaba, and DeepSeek. The trade-off is higher usage costs compared to rivals.

D.A. Davidson analyst Alexander Platt compared the launch to OpenAI’s GPT-5 rollout in August. GPT-5 received mixed reviews with benchmark scores that disappointed relative to expectations.

Platt praised Gemini 3 for combining strong benchmark numbers with quality real-world performance. He described it as “the current state-of-the-art” after initial testing.

OpenAI updated its model to GPT 5.1 last week, promising improved intelligence and communication. The timing created a direct face-off between the two tech giants.

User Growth Acceleration

Gemini now has 650 million monthly active users. That represents 200 million new users since July’s count of 450 million.

ChatGPT maintains the lead with 800 million weekly active users. OpenAI’s platform added roughly 100 million weekly users during the same period.

Google’s growth rate is closing the gap between the two platforms. The user acquisition pace has picked up in recent months.

Cantor analyst Deepak Mathivanan pointed out that model improvements historically drive user growth. He’ll monitor search and Gemini app metrics to assess the business impact in 2026.

New Features and Expansion

Google AI Ultra subscribers get access to Gemini Agent, which automates tasks like email management and travel planning. The company also rolled out Google Antigravity, a coding platform powered by AI.

Google DeepMind opened a new AI research lab in Singapore on Wednesday. The facility will collaborate with regional governments, universities, and businesses to enhance Gemini’s capabilities for Google products and Cloud customers.

The post Alphabet (GOOGL) Stock Hits Record High Following Gemini 3 AI Model Release appeared first on Blockonomi.

TLDR

CoreWeave stock plunged 50% over one month despite reporting Q3 2025 revenue of $1.36 billion, representing 13% quarterly growth

The company launched Zero Egress Migration program November 13, allowing free data transfers from AWS, Google Cloud, Azure, IBM, and Alibaba

H.C. Wainwright analyst set $180 price target November 12, maintaining Buy rating based on $55.6 billion backlog and contracts with Meta and OpenAI

Nvidia owns roughly 7% of CoreWeave and reported strong Q3 earnings of $57 billion, up 62% year-over-year

Recent acquisitions of OpenPipe, Weights & Biases, and Monolith AI expand CoreWeave’s machine learning capabilities

CoreWeave stock collapsed 50% in just one month. The drop came even as the company reported solid revenue growth and launched new customer services.

The AI infrastructure provider posted Q3 2025 revenue of $1.36 billion. This marked a 13% increase from the prior quarter.

CoreWeave maintains a backlog worth $55.6 billion. Performance obligations total $50 billion, backed by major clients like Meta and OpenAI.

On November 13, the company unveiled its Zero Egress Migration program. The service eliminates transfer fees when customers move datasets from competing cloud platforms.

The program works with AWS, Google Cloud, Azure, IBM, and Alibaba. CoreWeave handles secure managed transfers with real-time monitoring included.

Egress fees typically cost companies significant money when moving AI workloads. CoreWeave’s new offering removes this barrier for potential customers.

Analyst Stays Bullish Despite Selloff

H.C. Wainwright’s Kevin Dede maintained his Buy rating on November 12. He assigned a $180 price target to the stock.

Dede cited strong fundamentals and long-term growth prospects. His rating came just before the stock decline accelerated.

A small guidance adjustment triggered what analysts call a market overreaction. The company’s underlying business metrics stayed healthy throughout.

CoreWeave has expanded through strategic purchases. Recent acquisitions include OpenPipe, Weights & Biases, and Monolith AI.

These deals boost CoreWeave’s reinforcement learning and applied machine learning tools. The company also renewed its Platinum ClusterMAX rating for infrastructure reliability.

New partnerships with NASA and U.S. government agencies diversify the client base. These contracts require meeting strict security and performance standards.

Nvidia Stake Adds Investor Interest

Nvidia holds about 7% equity in CoreWeave. The chip giant supplies the GPUs powering CoreWeave’s data centers.

Nvidia posted Q3 2025 revenue of $57 billion, beating forecasts. Revenue jumped 62% compared to last year.

The company expects continued demand for AI chips. Analysts project Nvidia earnings could hit $7.75 per share in 2026 and $9.50 in 2027.

Nvidia owned nearly $900 million in CoreWeave shares earlier in 2025. The chipmaker has increased its position since then.

Strong Nvidia earnings support confidence in AI infrastructure. CoreWeave relies heavily on Nvidia GPU technology for its operations.

Market Volatility Hits AI Stocks

The AI sector faces a challenging environment right now. High capital spending contrasts with modest current revenues across the industry.

This creates volatility for infrastructure providers. CoreWeave’s price action shows how quickly sentiment can shift.

Investors question whether revenue growth can match heavy investment levels. Many AI companies still lack profitability.

CoreWeave operates as a hyperscale cloud provider focused on GPU-accelerated workloads. The company serves AI, machine learning, and high-performance computing customers.

The Zero Egress Migration program positions CoreWeave as a cost-effective alternative to traditional cloud providers. Secure transfers and real-time monitoring come standard with the service.

CoreWeave’s Q3 performance showed continued business momentum despite market headwinds. Revenue growth of 13% reflected ongoing demand from major tech clients.

The post CoreWeave (CRWV) Stock: Why Shares Crashed 50% Despite Revenue Growth appeared first on Blockonomi.

TLDR:

ADIC boosted its IBIT ETF holdings from 2.4M to ~8M shares in Q3.

That position was worth around $518M on Sept. 30.

ADIC views Bitcoin as a long-term diversification tool alongside gold.

Its timing came just before a major Bitcoin price drop and ETF outflows.

The Abu Dhabi Investment Council (ADIC), part of Mubadala, more than tripled its stake in BlackRock’s iShares Bitcoin Trust ETF (IBIT) during Q3 2025. 

It raised holdings from roughly 2.4 million shares to nearly 8 million by September 30, according to a regulatory filing. That position was valued at about $518 million at the time. The move came just before a brutal sell-off in the crypto market.

Institutional Bitcoin Bet Grows

ADIC’s aggressive reallocation to IBIT underscores its long-term view of Bitcoin as a store of value, on par with gold, according to a spokesperson cited by Bloomberg. 

The sovereign investor said it expects to hold Bitcoin alongside gold in both its near-term and longer-term strategy. This was disclosed via a subsidiary of ADIC in the filing. 

The build-up came at a time when many institutional players were watching crypto volatility, showing a growing risk appetite among state-linked investors. 

Meanwhile, ADIC is not alone: its parent, Mubadala Investment Co., already held about 8.7 million IBIT shares, combining for a total of over 16 million shares across the two entities. That puts Abu Dhabi’s sovereign exposure to Bitcoin through ETFs into the billion-dollar range.

Very interesting report today about this BTC purchase. Bloomberg got a rare on-the-record statement from Abu Dhabi Investment Council about it:

We see Bitcoin playing an increasingly important role alongside gold,” the ADIC spokesperson said in response to Bloomberg News… https://t.co/ZKTxUm8m0a

— MacroScope (@MacroScope17) November 19, 2025

Timing and Market Conditions

The timing of ADIC’s accumulation was notable: the fund boosted its Bitcoin ETF exposure just before Bitcoin surged to an all-time high of roughly $126,000 in early October. Shortly afterward, the market corrected sharply. 

In November, IBIT recorded a single-day outflow of $523 million, marking one of its largest redemptions since its January 2024 launch. That volatility underscores the risk inherent even in regulated Bitcoin products.

ADIC framed the ETF as a portfolio diversifier, not a speculative bet. Its strategy seems rooted in long-term treasury planning, aligning with a broader push to diversify away from oil-based revenue. The move gives rare visibility into how sovereign wealth funds are treating Bitcoin at scale.

The post Abu Dhabi Tripled Bitcoin ETF Bet to $518M Before Market Crash appeared first on Blockonomi.

TLDR

Palo Alto Networks beat Q1 expectations with 93 cents EPS vs 89 cents estimated and $2.47 billion revenue vs $2.46 billion expected.

Stock fell 3% after hours following announcement of $3.35 billion Chronosphere acquisition at 21x annual recurring revenue.

Company raised full-year revenue forecast to $10.50-$10.54 billion and EPS guidance to $3.80-$3.90 per share.

Chronosphere deal and $25 billion CyberArk acquisition both expected to close in second half of fiscal 2026.

Q1 revenue grew 16% year-over-year while remaining purchase obligations reached $15.5 billion.

Palo Alto Networks posted better-than-expected fiscal first-quarter results on Wednesday. The company earned 93 cents per share on an adjusted basis, beating the 89-cent consensus estimate.

$PANW (Palo Alto Networks) #earnings are out: pic.twitter.com/JgZVmQCbyw

— The Earnings Correspondent (@earnings_guy) November 19, 2025

Revenue totaled $2.47 billion for the quarter. That edged past the $2.46 billion Wall Street projected and marked a 16% jump from last year’s $2.1 billion.

The earnings beat didn’t prevent shares from sliding about 3% in extended trading. Investors appeared focused on the company’s latest acquisition announcement instead of the positive quarterly performance.

$3.35 Billion Chronosphere Acquisition

Palo Alto Networks unveiled plans to buy Chronosphere, a cloud observability platform, for $3.35 billion. The deal will be funded through cash and new equity to replace existing awards.

The purchase price represents roughly 21 times Chronosphere’s annual recurring revenue. That figure exceeded $160 million as of September 2025.

CEO Nikesh Arora defended the acquisition on the earnings call. He cited the rapid expansion of AI infrastructure as the key driver behind the move.

The company intends to integrate Chronosphere with its Cortex AgentiX platform. This combination will enable AI agents to analyze Chronosphere data and automatically identify and investigate performance problems.

DA Davidson analyst Rudy Kessinger suggested the stock decline reflected two concerns. First, the high valuation paid for Chronosphere. Second, announcing another major deal before completing the CyberArk transaction.

Updated Financial Outlook

Palo Alto Networks increased its full-year guidance following the strong quarterly showing. The company now projects fiscal 2026 revenue of $10.50 billion to $10.54 billion, up from the previous $10.48 billion to $10.53 billion range.

Adjusted earnings per share guidance rose to $3.80-$3.90 from the earlier $3.75-$3.85 forecast. Second-quarter revenue is expected to land between $2.57 billion and $2.59 billion, with the midpoint matching analyst estimates of $2.58 billion.

Net income for the first quarter came in at $334 million, or 47 cents per share. That compared to $351 million, or 49 cents per share, in the same period last year.

Capital expenditures reached $84 million during the quarter, well above the $58.1 million StreetAccount expected. Remaining purchase obligations climbed to $15.5 billion, topping the $15.43 billion estimate.

Palo Alto announced its $25 billion acquisition of Israeli identity security firm CyberArk Software in July. CyberArk shareholders approved the deal last week.

Both the Chronosphere and CyberArk transactions are scheduled to close in the second half of fiscal 2026. The dual acquisitions represent a continuation of Arora’s aggressive M&A strategy to expand the company’s cybersecurity portfolio.

Demand for cybersecurity solutions remains strong as organizations face increasingly complex threats from nation-state actors and sophisticated ransomware attacks.

The post Palo Alto Networks (PANW) Stock: Why Wall Street Ignored the Q1 Beat appeared first on Blockonomi.