Market Signal Briefing

JP Morgan creates major ETH fund, signaling Wall Street's accelerating shift toward blockchain-based finance and RWAs.

Bitcoin network activity has declined to its lowest value in twelve months as the year draws to a close, with the 7-day moving average of active addresses falling to 660,000. While seasonal slowdowns are expected, we’re spotting weakness across multiple network metrics.

Active addresses currently sit at their lowest levels since December 2024, when the network experienced peak activity from Ordinals and Runes speculation. Ordinals are a way to inscribe data like images or text directly onto individual satoshis, while Runes are a newer protocol for issuing and trading fungible tokens on Bitcoin.

The weakness in network activity has also placed downward pressure on miner economics.

Daily miner revenue has declined from an average of $50 million during the third quarter to roughly $40 million as the year closes. This revenue is almost entirely composed of block subsidy rather than transaction fees, highlighting limited demand for Bitcoin blockspace.

An unusual dynamic has emerged within Bitcoin's transaction composition. Runes transactions now account for a larger percentage of total network transactions, yet contribute only 5-10% of total fee revenue.

When you make a transaction on Bitcoin, you can set the fee rate (sat/vB). Bitcoin miners will then prioritize transactions based on this reward. Runes transactions are often submitted with very low fees, but due to the cheap blockspace, these transactions are picked up, accounting for a larger share of total transactions.

The high transaction count but minimal fee generation from Runes raises concerns over the demand for blockspace. When half of Bitcoin's transaction throughput generates negligible fees, it suggests a mismatch between network utilization and value creation. As block subsidies continue to diminish with each halving cycle, sustainable miner revenue will increasingly depend on transaction fees from users willing to pay for scarce blockspace.

This is an excerpt from The Block's Data & Insights newsletter. Dig into the numbers making up the industry's most thought-provoking trends.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitget has launched a private beta for a new TradFi trading feature that gives crypto users access to forex, commodities and stock derivatives contracts using stablecoins as collateral.

The feature will allow Bitget users to trade major fiat currency pairs, gold and other derivatives alongside crypto spot and derivatives products on the same platform. Trades will be margined and settled with Tether’s USDt (USDT), allowing users to access traditional trading markets without the need to open a separate brokerage account or convert currencies.

According to Monday’s announcement, use of the feature is limited to selected users and is being rolled out in a testing phase, with access restricted as Bitget evaluates performance and risk controls across the new markets.

Bitget CEO Gracy Chen said integrating cryptocurrency, gold, stocks, forex and commodities under one system is “historic.”

Founded in 2018, Bitget is a centralized cryptocurrency exchange that offers spot and derivatives trading, copy trading and related cryptocurrency services to users worldwide.

According to CoinMarketCap, the exchange ranks sixth among the top exchanges by crypto spot trading volume and among the top five derivatives exchanges, with about $1.8 billion in daily spot volume and nearly $12 billion in derivatives volume.

Bitget said its derivatives product operates under the oversight of Mauritius’ Financial Services Commission and offers leveraged exposure of up to 500 times.

Top crypto exchanges by spot trading volume. Source: CoinMarketCap In July, Bitget added support for tokenized stocks on its onchain platform through an integration with xStocks, allowing users to gain blockchain-based exposure to equities such as Tesla, Nvidia, Apple and Strategy.

Crypto exchanges integrate TradFi productsOther digital-asset exchanges are also exploring the integration of traditional financial products into crypto trading.

In April, Kraken began rolling out commission-free trading for more than 11,000 US-listed stocks and exchange-traded funds. Kraken co-CEO Arjun Sethi said at the time the company’s move into equities reflects growing demand for a single platform that can support trading across crypto and traditional assets, and aligns with a longer-term shift toward tokenized, blockchain-based markets.

Kraken expands to stocks and ETFs. Source: KrakenIn July, Bybit launched a TradFi trading feature that allows users to access gold, forex, commodities, indexes and derivatives products directly within its app. The product uses a single account and crypto wallet to trade both crypto and traditional markets, including access to dozens of stock derivatives tied to major global companies.

Meanwhile, traditional brokerage platforms are beginning to integrate crypto assets and digital asset infrastructure, reflecting a parallel push from the financial sector. Interactive Brokers recently signaled the possible launch of a proprietary stablecoin that could be used to fund brokerage accounts.

The brokerage company, which said it was still evaluating the proposal, works with crypto infrastructure providers Paxos and Zero Hash.

Magazine: Big questions: Would Bitcoin survive a 10-year power outage?

Altcoins

ChatGPT

Dogecoin

Shiba inu

XRP

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Author

Ahmed Balaha

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Ahmed Balaha

Part of the Team Since

Aug 2025

About Author

Ahmed Balaha is a journalist and copywriter based in Georgia with a growing focus on blockchain technology, DeFi, AI, privacy, digital assets, and fintech innovation.

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Last updated: 

December 15, 2025

I like ChatGPT, a powerful AI that can give you recipes, teach you tricks, and definitely can give you a price prediction. We asked the new version, GPT 5.2, to do price forecast for XRP, Dogecoin, and Shiba Inu, and it delivered a quite interesting AI price outlook.

Below are ChatGPT’s dual-scenario predictions outlining monumental potential gains and the downside hazards for each asset throughout December and going into 2026.

Ripple (XRP): ChatGPT Predicts a Potential Collapse to $1If adoption for XRP declines and macro liquidity tightens, keeping XRP stuck below major resistance, ChatGPT AI predicts a total collapse for XRP to $1.

Source: ChatGPT Predictions / XRPSuch a decline would be the exact opposite of what XRP has been doing all year. After Ripple secured a critical legal victory against the U.S. Securities and Exchange Commission (SEC), a new all time high of $3.65 was hit in July.

Analysts expect this strong XRP performance to continue, aligning with ChatGPT AI predictions of a revisit to the $3 to $5 range heading into 2026.

The RLUSD stablecoin launch, ongoing integrations, and reports of rising adoption specially in Asia Japan, combined with strong ETF inflows, could all set the stage for XRP to break a new all time high in 2026 if the bull run extends.

Source: XRPUSD / TradingViewA Renewed Memecoins Cycle Could Be Led By Dogecoin And Shiba InuAccording to Google Trends data, memecoins search volume has just hit a 5 year low. This is also reflected in price, as the sector has lost 60% of its value this year.

ChatGPT Predictions / DogecoinFor the Dogecoin bull case, ChatGPT predicts a strong momentum return that could take DOGE to the $0.35 to $0.50 zone heading into 2026, driven by a renewed memecoin cycle and broader risk on sentiment.

This is why the focus remains on a Bitcoin breakout. When Bitcoin breaks out, capital often rotates into memecoins, and Dogecoin and Shiba Inu, being the sector leaders, are likely to feel that effect almost immediately.

ChatGPT Predictions / Shiba InuThe same can be said about Shiba Inu. Launched in 2020 as a challenger to Dogecoin, it now boasts a market cap near $4.83 billion.

Unlike Dogecoin, SHIB has a network upgrade scheduled for 2026. It will add a privacy layer, which is likely to be the main driver for the coin to restore momentum.

Source: SHIBUSD / TradingViewFrom a technical standpoint, SHIB has yet to decisively break out of the bullish flag patterns that emerged earlier this year.

A move towards the critical $0.000010 resistance as December concludes could set the stage for ChatGPT’s projected 2026 range of $0.00003 to $0.000050, representing gains of up to 5×.

Maxi Doge: The High-Conviction Meme Play Traders Are Watching Before the Next CycleWhile AI models like ChatGPT outline extreme upside and downside scenarios for Dogecoin and Shiba Inu. Some traders are already looking one step ahead to the next memecoin rotation. One project starting to stand out during this reset phase is Maxi Doge.

Maxi Doge is a Dogecoin inspired meme token built around pure speculation and community driven momentum. There is no overengineered utility pitch here. The project leans fully into meme culture with its jacked “gym bro” Doge mascot. This taps directly into the high risk, high reward mentality that has defined every major memecoin cycle so far.

Despite a slow memecoin market, Maxi Doge has already raised over $4.29M. This signals early demand even as retail interest remains muted. A key reason traders are paying attention is the token distribution. Around 40% of the total supply was allocated directly to the public presale. This means no private rounds or VC allocations, reducing the risk of insider sell pressure once trading begins.

Maxi Doge also offers staking for early buyers, with APY reaching up to 72%, giving holders a way to earn yield while waiting for the next wave of speculative momentum to return.

Maxi Doge is available through its presale using ETH, USDT, BNB, or a credit card directly on the official website.

Stay updated through Maxi Doge’s official X and Telegram pages.

Visit the Official Website Here

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Ethereum is struggling to regain momentum after failing to reclaim the $3,200 level, keeping the market in a fragile equilibrium. Despite several recovery attempts, price action suggests that bulls are now focused less on pushing higher and more on defending current demand zones. This hesitation reflects broader uncertainty across the crypto market, where traders remain cautious amid tightening liquidity and elevated macro risk.

However, beneath the surface, on-chain activity is beginning to tell a more nuanced story. According to Lookonchain, data sourced from Arkham reveals that a major market participant has re-entered aggressively. The so-called 66kETHBorrow Whale, who previously accumulated 489,696 ETH worth roughly $1.5 billion, has started buying Ethereum again as prices declined.

This behavior stands out because it occurred during weakness rather than strength, a pattern typically associated with strategic accumulation rather than short-term speculation.

Whale activity during drawdowns often signals confidence in higher prices over a longer time horizon, even when sentiment remains fragile. While Ethereum still faces technical resistance overhead, the return of large buyers suggests that demand is weak but has not disappeared.

Whale Accumulation Raises Questions Amid Ethereum Weakness
Lookonchain data provides further insight into the recent actions of the 66kETHBorrow whale, highlighting a sequence that has drawn significant attention from the market. Over the past eight hours, the whale borrowed approximately $85 million in USDT from Aave and transferred the funds to Binance.

Shortly after, he withdrew 38,576 ETH, valued at roughly $119.3 million, from the exchange. This rapid movement of capital during a market pullback has raised questions among smaller investors, many of whom are wondering whether this whale is acting on information or conviction that is not yet reflected in price.

Ethereum Whale Transactions | Source: Arkham
Such behavior is often interpreted as deliberate accumulation, particularly when ETH is withdrawn from exchanges rather than left on trading platforms. Exchange outflows generally reduce immediate sell-side liquidity, reinforcing the perception of long-term positioning. However, it is critical to acknowledge the limits of on-chain visibility. These transactions represent only the wallets that have been publicly identified and tracked.

There is no certainty that this whale’s exposure is fully transparent. He could be holding hedges, short positions, or additional long exposure through other wallets, centralized exchanges, or derivatives markets that are not visible on-chain. As a result, while the activity suggests confidence, it should not be interpreted as definitive directional confirmation.

ETH Price Struggles Below Key Moving Averages
Ethereum is currently trading near the $3,150–$3,200 zone after a modest rebound, but the broader technical structure remains fragile. On the daily chart, ETH continues to trade below its 50-day and 100-day moving averages, both of which are now acting as dynamic resistance. The recent bounce stalled near the declining 50-day MA, highlighting the lack of strong follow-through from buyers.

ETH consolidates below key supply zone | Source: ETHUSDT chart on TradingView
The 200-day moving average, positioned closer to the $3,500 area, remains well above current price levels. This reinforces that Ethereum is still in a corrective phase within a larger macro uptrend. As long as price remains below this long-term trend indicator, upside attempts are likely to face selling pressure from both swing traders and systematic strategies.

Price action over the past weeks shows a series of lower highs following the rejection near $4,000 in October, confirming a short-term bearish market structure. However, ETH has so far defended the $2,800–$2,900 support region, suggesting that buyers are still active at lower levels.

For Ethereum to shift momentum decisively, bulls must reclaim and hold above the $3,300–$3,400 range. Failure to do so keeps downside risks open, with a potential retest of prior demand zones if broader market sentiment deteriorates.

Featured image from ChatGPT, chart from TradingView.com

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Sebastian's journey into the world of crypto began four years ago, driven by a fascination with the potential of blockchain technology to revolutionize financial systems. His initial exploration focused on understanding the intricacies of various crypto projects, particularly those focused on building innovative financial solutions. Through countless hours of research and learning, Sebastian developed a deep understanding of the underlying technologies, market dynamics, and potential applications of cryptocurrencies.
As his knowledge grew, Sebastian felt compelled to share his insights with others. He began actively contributing to online discussions on platforms like X and LinkedIn, focusing on fintech and crypto-related content. His goal was to expose valuable trends and insights to a wider audience, fostering a deeper understanding of the rapidly evolving crypto landscape. Sebastian's contributions quickly gained recognition, and he became a trusted voice in the online crypto community.
To further enhance his expertise, Sebastian pursued a UC Berkeley Fintech: Frameworks, Applications, and Strategies certification. This rigorous program equipped him with valuable skills and knowledge regarding Financial Technology, bridging the gap between traditional finance (TradFi) and decentralized finance (DeFi). The certification deepened his understanding of the broader financial landscape and its intersection with blockchain technology.
Sebastian's passion for finance and writing is evident in his work. He enjoys delving into financial research, analyzing market trends, and exploring the latest developments in the crypto space. In his spare time, Sebastian can often be found immersed in charts, studying 10-K forms, or engaging in thought-provoking discussions about the future of finance.
Sebastian's journey as a crypto analyst and investor has been marked by a relentless pursuit of knowledge and a dedication to sharing his insights. His ability to navigate the complex world of crypto, combined with his passion for financial research and communication, makes him a valuable asset to the industry. As the crypto landscape continues to evolve, Sebastian remains at the forefront, providing valuable insights and contributing to the growth of this revolutionary technology.

Michael Saylor’s Bitcoin (BTC) treasury company, Strategy, hasn’t been dissuaded by recent crypto market price struggles.

Saylor says the firm just bought 10,645 BTC for approximately $980.3 million at a price of $92,098 per Bitcoin.

Strategy (MSTR) now owns 671,268 BTC acquired for approximately $50.33 billion, at a cost of $74,972 per Bitcoin.

Saylor says Strategy has achieved a BTC yield of 24.9% year-to-date. The firm, listed on the Nasdaq under the ticker MSTR, is the world’s largest corporate Bitcoin holder. It was also the first company to use BTC as its sole treasury asset.

The firm’s stock has been on a downswing amid crypto market woes, with MSTR slumping by nearly 10.5% in the past five days and more than 16.8% in the past month.

In a Bloomberg interview earlier this year, Saylor predicted that Bitcoin would not have to endure future boom-and-bust cycles.

“Winter’s not coming back. We’re past that phase. Bitcoin’s not going to zero, it’s going to $1 million.”

The Strategy founder said his bullishness was due to the Trump Administration’s embrace of crypto and the doors it opened for future institutional adoption.

“The banks are going to custody Bitcoin. Bitcoin has gotten through its riskiest period, the accounting has been corrected.

There’s now only 450 Bitcoin a day available for sale by natural sellers, that’s the miners. At this level, that works out to about $50 million of Bitcoin available for sale every day. If that $50 million is bought, then the price has got to move up to find any seller that’s price sensitive.”

BTC is trading at $85,731 at time of writing. The top-ranked crypto asset by market cap is down nearly 3.5% in the past 24 hours.

BitMine Immersion Technologies Inc. (NYSE:BMNR) purchased another 102,259 Ethereum (CRYPTO: ETH) as Chairman Tom Lee argues that seemingly extreme AI valuations can still deliver long-term returns.

BitMine Pushes Closer To 5% Ethereum Ownership GoalAs of Dec. 14, BitMine holds approximately 3.97 million ETH, valued near $12.2 billion at prevailing prices. 

The position represents more than 3.2% of total Ethereum supply, placing the company roughly two-thirds of the way toward its stated goal of acquiring 5% of the network.

Total crypto, cash, and strategic investments now stand near $13.3 billion, including $1 billion in cash, 193 BTC, and a $38 million stake in Eightco Holdings.

Ethereum Treasury Becomes Core Corporate StrategyBitMine's Ethereum holdings now rank as the largest ETH treasury among public companies and the second-largest crypto treasury globally, behind Strategy's (NASDAQ:MSTR) Bitcoin (CRYPTO: BTC) reserves.

Chairman Tom Lee said regulatory developments in 2025, including the GENIUS Act and the SEC's Project Crypto initiative, have strengthened the company's long-term conviction in digital assets. 

Alongside accumulation, BitMine is advancing its Made in America Validator Network, a proprietary Ethereum staking infrastructure expected to launch in early 2026.

Trading Activity And Market Profile Expand RapidlyBitMine's growing crypto exposure has coincided with a sharp rise in stock market activity. 

The company now trades an average of roughly $1.9 billion in daily dollar volume, placing it among the 50 most actively traded U.S. equities.

The company plans to host its annual shareholder meeting in Las Vegas on January 15, 2026, as it continues to scale its Ethereum accumulation strategy through capital markets and treasury deployment.

Tom Lee Defends AI Valuations Despite Market SkepticismIn a recent interview, Lee said investor concerns around "absurd" AI valuations overlook how exponential industries historically develop.

He argued that most of the long-term value in transformative technologies emerges later in adoption cycles, even if early valuations appear stretched.

Lee compared the current AI cycle to the internet buildout of the late 1990s, noting that while most individual stocks failed, diversified exposure to the broader theme still outperformed over time. 

He added that labor shortages through the 2030s could make AI investment a structural necessity rather than a speculative excess.

Stock Pullback Reflects Post-Breakout Consolidation

BMNR Price Analysis (Source: TradingView)

BMNR is trading near $32.50 after pulling back from last week's highs, but the broader technical structure remains constructive. 

The stock already broke out of a well-defined multi-week downtrend in early December, triggering a sharp rally from the $25–$27 zone into the $40–$42 area. 

That move confirmed a trend change rather than a short-lived bounce. 

The current decline reflects a normal post-breakout correction, with price now retesting the $32–$33 area that aligns with short-term support and prior breakout territory. 

While short-term indicators such as Supertrend and Parabolic SAR remain overhead, signaling near-term pressure, the larger structure stays intact as long as BMNR holds above $30. 

A reclaim of $35–$36 would signal renewed upside momentum, while a move back above $40 would put the $45–$48 zone back into focus.

Read Next:

Bitcoin Was Supposed To Pump To $150,000 In Q4—Why Didn’t It Happen?
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XRP continues to trade under pressure amid a bearish crypto market. The token stands near $1.89 at the time of writing, reflecting an 8.7% decline in the past seven days and a 16.4% drop over the last 30 days. 

Price weakness comes as Ripple accelerates efforts to expand RLUSD and XRP beyond the XRP Ledger into Ethereum-based networks and other major blockchains. Can infrastructure growth outpace market sentiment?

RLUSD Targets Ethereum Layer-2 NetworksRipple announced plans to expand its RLUSD stablecoin to Ethereum layer-2 networks next year. The company confirmed that RLUSD will undergo testing on Optimism, Coinbase’s Base, Kraken’s Ink, and Uniswap’s Unichain. Ripple said the integration will rely on interoperability protocol Wormhole to enable cross-chain functionality.

Ripple described Optimism as a key entry point due to its OP Stack, which supports a growing Superchain ecosystem. Several layer-2 networks use the OP Stack, allowing shared standards and seamless communication between chains. This structure positions RLUSD to reach multiple networks through a single technical framework.

Stablecoins as a DeFi GatewayRipple executives framed the expansion around utility and compliance. Jack McDonald, Ripple’s Senior Vice President of Stablecoin, said stablecoins act as the gateway to decentralized finance and institutional adoption. He stated that the expansion focuses on setting standards that align regulatory compliance with on-chain efficiency.

Ripple acknowledged that the XRP Ledger includes a built-in decentralized exchange that has operated since 2012. Still, the company said digital asset markets now operate across many chains, requiring stablecoins to meet demand wherever users transact. This approach signals a shift toward multichain deployment rather than single-network reliance.

Usage Data Highlights Early ActivityRipple said the upcoming integrations will support RLUSD usage in consumer-facing services such as swaps, checkout options, and payments. Over the past 24 hours, RLUSD generated $32 million in trading volume, according to CoinGecko data. Most of that activity occurred on Bullish, the crypto exchange that went public in August, which handled roughly $24 million across several trading pairs.

RLUSD also recorded trading activity on Kraken and Bitstamp, the exchange acquired by Robinhood. These venues expand RLUSD’s reach across both institutional and retail platforms. Does liquidity follow infrastructure, or does infrastructure chase liquidity? Ripple appears to plan for both.

Wormhole Connects Institutional AssetsWormhole’s role extends beyond RLUSD. In October, Wormhole said its NTT token standard supports over 100 natively multichain assets. These include BlackRock’s BUIDL fund and the Apollo Diversified Credit Fund, both tied to tokenized government debt and credit products. Ripple’s use of Wormhole places RLUSD alongside tokenized real-world assets that already operate across chains.

Last week, Ripple CEO Brad Garlinghouse confirmed conditional approval to establish a national trust banking charter in the United States. He described the approval as a major step forward for RLUSD, which reached a valuation of $1.3 billion earlier this week. The Office of the Comptroller of the Currency granted similar approvals to stablecoin issuers Paxos and Circle during the same period, signaling broader regulatory momentum.

Wrapped XRP Expands DeFi AccessRipple-linked XRP also moves into multichain DeFi through a separate development. Digital asset custodian Hex Trust announced the launch of wXRP, a wrapped version of XRP backed 1:1 by native tokens held in custody. The wrapper enables XRP usage on Ethereum, Solana, Optimism, and HyperEVM, with more networks planned.

Hex Trust said wXRP will launch with $100 million in total value locked to support liquidity. The firm’s public dashboard shows over 50 million XRP in reserves and an equal amount of wXRP already circulating on Ethereum. Solana support is scheduled to follow, while Optimism and HyperEVM have deployed contracts with limited circulation so far.

Infrastructure Links XRP and RLUSDHex Trust executives said wXRP and RLUSD will operate on compliant infrastructure that supports broader DeFi access across chains. Ripple executives echoed that view, noting growing institutional demand for XRP beyond the XRP Ledger. Ripple also pointed to earlier RLUSD integrations, including partnerships with Mastercard and Gemini for settlement in card transactions.

As XRP and RLUSD extend into Ethereum and Solana ecosystems, Ripple continues to align stablecoin growth, custody, and interoperability under one framework. The strategy now unfolds as markets watch whether multichain access reshapes XRP’s role in decentralized finance.

TL;DR

American Bitcoin increased its reserves by over 1,000 BTC, surpassing ProCap Financial in total holdings.
The company, linked to Eric Trump, now holds 5,044 BTC, valued at approximately $443 million.
Corporate accumulation continues despite the volatility in Bitcoin’s price and proxy stocks.

The race among public corporations to accumulate digital assets is not stopping, despite the prolonged drop in the price of Bitcoin (BTC). In this context, something momentous has just happened in the sector: the company backed by Eric Trump, American Bitcoin, surpassed ProCap Financial, a company founded by Anthony Pompliano, in total Bitcoin holdings.

Based on data revealed by the tracking tool BitcoinTreasuries.NET, American Bitcoin added over 1,000 BTC to its reserves since the beginning of December, increasing its holdings to 5,044 BTC, valued at approximately $443 million.

For its part, ProCap Financial, created to build a Bitcoin-focused financial platform and investment vehicle, slipped to 22nd place, maintaining nearly 5,000 BTC, a figure which also increased in recent weeks.

It is worth noting that American Bitcoin went public earlier this year through a reverse merger with Gryphon Digital Mining. The company debuted in March after rebranding from American Data Center and was introduced by President Donald Trump’s sons: Donald Trump Jr. and Eric Trump.

Volatility Puts American Bitcoin’s Corporate Treasury to the Test
The acceleration of the Corporate Bitcoin Treasury occurs in a context of intense market volatility. Wall Street executives have called 2025 Bitcoin’s “IPO moment,” pointing out that early investors’ capital is being monetized as new capital enters the market through ETFs and corporate buyers.

Bitwise Chief Investment Officer, Matt Hougan, and other veterans have highlighted this dynamic of capital “exit” and “entry.”

Nevertheless, stocks with direct exposure to Bitcoin, either through treasury holdings or core business operations, are facing renewed pressure. American Bitcoin is one of the hardest hit, with its shares plunging more than 50% in a single session earlier this month. MicroStrategy’s shares, led by Michael Saylor, have fallen more than 60% from their all-time high, demonstrating the growing tension faced by companies focused on Corporate Bitcoin Treasury.

In summary, despite this market pressure, Bitcoin accumulation does not cease. MicroStrategy, the undisputed leader in this space, announced that it acquired over 10,000 BTC last week alone, raising its two-week total to over 20,000 BTC. The total figure for the top 100 publicly listed corporate holders already exceeds 1.08 million BTC, demonstrating a long-term conviction in the digital asset.

Ripple is preparing to launch its stablecoin, RLUSD, on multiple layer-2 platforms.

The payments firm says it is partnering with the multichain interoperability protocol Wormhole (W) and plans to begin testing Ripple USD on Optimism (OP), Base, Ink and Unichain.

RLUSD launched in mid-December 2024 and is available on Ripple’s XRP Ledger and the Ethereum (ETH) blockchain. The stablecoin, which aims to maintain a 1:1 ratio with the US dollar, has a $1.31 billion market cap at time of writing.

Ripple notes it will utilize Wormhole’s Native Token Transfers (NTT) standard, which will allow the firm to maintain native issuance and control of RLUSD as it expands to new layer-2 ecosystems.

Jack McDonald, Ripple’s senior vice president of stablecoins, says RLUSD’s expansion aims to bring people into the fold of the digital asset economy.

“By launching RLUSD — the first US trust regulated stablecoin on these L2 networks — we are not just expanding utility; we are setting the definitive standard where compliance and on-chain efficiency converge.”

RLUSD holds a trust company charter issued by the New York Department of Financial Services (NYDFS). Ripple has also applied for a charter for the stablecoin from the Office of the Comptroller of the Currency (OCC).

XRP is trading at $1.89 at time of writing. The 5th-ranked crypto asset by market cap is down nearly 5% in the past 24 hours.

Renowned San Francisco–based blockchain company Ripple has taken another step to boost adoption for its U.S. dollar-backed stablecoin, RLUSD.

// Price

Reading time: 2 min

Published: Dec 15, 2025 at 18:45
Updated: Dec 15, 2025 at 18:57

The price of Avalanche (AVAX) has moved sideways since November 21, holding above the $12 support level.

Avalanche price long-term analysis: ranging

Buyers have consistently defended this support over the past two weeks. Bulls have bought the dip each time the price has tested the $12 support.

On the upside, bullish momentum has twice pushed the price above the 21-day SMA, but resistance at $15 has halted further gains. Currently, the altcoin is trading above the $12 support but below the $15 resistance. The positive trend will resume if buyers keep the price above the 50-day SMA. Today, the altcoin is rising after reaching a low of $12.84. AVAX is currently valued at $13.44.

Technical Indicators:

Resistance Levels – $60 and $70

Support Levels – $30 and $20

AVAX price indicator analysis

The price bars are fluctuating both below and above the 21-day SMA. The 21-day and 50-day SMAs have dropped significantly towards the bottom of the chart. Doji candlesticks remain the dominant price action pattern. On the 4-hour chart, the price bars are positioned below the horizontal moving average lines.

What is the next direction for AVAX?  

AVAX is now trading near the bottom of the chart. The cryptocurrency is in the market's oversold territory. Buyers are expected to be attracted to this region, potentially driving prices higher.

Today, the price has declined and is consolidating above the current $12 support. AVAX will begin to trend upwards once it breaks through the $15 resistance and the 50-day SMA.

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

XRP drops while Ripple accelerates. A teased “big week” brings futures, ETFs, and regulated stablecoin momentum into focus.

Input Output Global has officially rebranded as Input Output, as it widens its focus beyond Cardano to a broader spectrum of frontier technologies.

The change was announced on December 5th, 2025, to signal the organization’s evolution from a blockchain research powerhouse into a global engineering group. Input Output will now also develop solutions across Web3, healthcare, quantum computing, digital identity, artificial intelligence, and fintech.

Moreso, all affiliated ventures, including RealFi, Lace, and other subsidiaries, will now operate under the unified Input Output Group banner.

The company was initially established to design and build the foundational infrastructure behind Cardano. Since that time, Cardano has become one of the world’s most recognized blockchain platforms and the first to implement an on-chain Constitution.

Over time, Input Output has expanded into a multidisciplinary organization that works across scalability, interoperability, privacy, high-performance computing, and real-world enterprise applications.

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The new identity reflects the scale of that transformation and the growing global reach of its teams and partnerships.

Charles Hoskinson, CEO of Input Output, described the rebrand as a natural progression in the company’s growth. Hoskinson emphasized that the organization now operates far beyond its initial mandate and is at the frontier of infrastructure and advanced research.

The Input Output CEO added that the new name captures the company’s long-standing commitment to building systems that endure and to improving global access to trustworthy digital tools.

Furthermore, Hoskinson highlighted plans for continued expansion and investment across the United States, Latin America, Europe, the Middle East, and emerging markets.

Input Output continues to support a broad lineup of technologies it has created, maintained, or incubated. These include the Cardano blockchain, the Midnight privacy network, the Daedalus and Lace wallets, the Hydra scaling framework, and a wide range of research tools and developer infrastructure that help real-world blockchain adoption.

The updated brand identity is now visible across all corporate platforms, as the company enters its next phase of global innovation.

XRP just logged one of its most active periods in years, with a key on-chain metric flashing a rare signal that analysts say reflects a major shift in market behavior.

According to new data from CryptoQuant, XRP’s Velocity metric surged to a yearly high of 0.0324 on December 2, marking a sharp increase in how frequently XRP is circulating across the network.

Velocity tracks how rapidly an asset moves between participants. This sudden spike indicates XRP is being traded, transferred, and deployed at an accelerated rate rather than sitting idle in cold storage or long-term holding wallets.

Crypto Onchain emphasized that such activity “typically signifies high liquidity and substantial involvement from traders or significant movements by whales,” pointing to elevated economic activity on the XRP Ledger.

The timing is notable, given XRP’s price dropped 5.2% over the past 24 hours. The coin underperformed the broader market amid risk-off sentiment, rising Bitcoin dominance, and concerns tied to Ripple’s recent 1 billion XRP escrow unlock.

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Technical weakness below the $2.21 support has also weighed on short-term sentiment. Yet on-chain engagement shows that participation is rising, and network activity is accelerating.

This increase in circulation coincides with discussion about long-term supply dynamics. EasyA Labs co-founder Phil Kwok noted that true supply shocks require XRP to be removed from the open market.

Locking XRP in liquidity pools, lending markets, and collateral systems reduces circulating supply, tightening available liquidity. With XRPL’s EVM sidechain and AMMs now live, that outlook is gaining relevance.

XRP ETFs continue to attract inflows, with Canary Capital’s product nearing $1B in AUM.

XRP’s record-breaking velocity suggests deeper network engagement at a moment when price action alone doesn’t tell the whole story. Whether this activity translates into a sustained recovery hinges on breaking resistance near $2.45 and proving XRPL’s DeFi ambitions can scale into 2026.

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

The Bitcoin price outlook remains under scrutiny as market analysts assess whether the world’s largest cryptocurrency can still reach $140,000. Given BTC’s recent downturn and fluctuating price, it’s understandable that a dramatic surge to $140,000 could be viewed skeptically. However, the analyst points to global M2 Money Supply, highlighting its correlation with Bitcoin and its support for a significant upside move.

New discussions have emerged in the crypto space about the relationship between the Bitcoin price action and the global M2 Money Supply. Pseudonymous crypto analyst ‘MoneyLord’ has projected a massive price surge to $140,000 for BTC based on M2 data. The analyst noted that many people are skeptical about the relevance of M2 Money Supply, likely questioning whether it still holds predictive value for Bitcoin’s performance.

Global M2 Money Supply To Fuel $140,000 Bitcoin Price Surge
According to MoneyLord, the recent disconnect between Bitcoin and M2 data should not be viewed as a failure of the model, but rather as a consequence of aggressive market interference and increased stress across global financial systems. In his technical report released on X, he argued that, without heavy manipulation and the collapse and insolvency of major entities, Bitcoin would have continued to track global liquidity growth.

Related Reading: Is It More Profitable To Hold Bitcoin For The Short-Term? 2025 Numbers Are Here

MoneyLord believes that those shocks temporarily suppressed BTC’s price expansion, likely contributing to its recent decline and slow momentum. With market conditions somewhat stabilizing, the analyst suggests that Bitcoin is poised to realign with global M2 Money Supply trends, potentially setting the stage for renewed upward momentum. 

Source: Chart from MoneyLord on X
From this perspective, the current phase is viewed as a delayed reaction rather than a failed cycle. MoneyLord predicts that if Bitcoin begins to catch up with M2 data, the cryptocurrency’s price could hit a target above $140,000 sooner than the market expects. The accompanying chart illustrates this bullish outlook, showing global liquidity, represented by the blue line, continuing to rise toward the projected price. 

With Bitcoin trading near $90,000 after a more than 6% decline this month, a rally to $140,000 would require a gain of at least 55%. Reaching this level would set a new all-time high, exceeding its present peak of over $126,000 by more than 10%. 

Bitcoin Shows Resilience Amid Market Sell-Offs
According to crypto analyst Don, Bitcoin has bounced back after a period of sharp sell-offs that shook out many traders and triggered widespread liquidations. The analyst noted that bulls have stepped in to reclaim critical support and restore confidence in the market as BTC resumes trading within a well-defined ascending triangle pattern. 

The chart shows that the triangle has an upper boundary near $94,324 and a lower boundary around $89,241. Price action inside the formation suggests that Bitcoin is consolidating and likely building momentum for a potential breakout. 

BTC trading at $89,563 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pixabay, chart from Tradingview.com

Key points:

Bitcoin attempted a recovery on Monday, but renewed selling pressure threatens to pull the price to $84,000.

Several altcoins are attempting to hold above their support levels, but the bounce lacks strength.

Bitcoin (BTC) attempted a recovery on Monday, but the bears continue to exert pressure. Trader CrypNuevo said in a thread on X that BTC could range between $80,000 and $99,000, and a break below $80,000 may sink the price to $73,000.

On similar lines, analyst Aksel Kibar said that BTC could start a directional move soon following the “extreme low volatility setup.” On the upside, Kibar expects a move to $100,000 if the $94,600 level is taken out, and on the downside, he anticipates BTC to bottom out in the $73,700 to $76,500 range.  

Crypto market data daily view. Source: CoinMarketCapAnalysts are keeping an eye on the Bank of Japan (BoJ), which is expected to hike interest rates on Dec. 19. Previous instances of BoJ rate hikes since 2024 have resulted in a drawdown of more than 20% in BTC, according to data shared by AndrewBTC.

Could BTC and the major altcoins start a relief rally, or will the bears pull the price lower? Let’s analyze the charts of the top 10 cryptocurrencies to find out. 

S&P 500 Index price predictionThe S&P 500 Index (SPX) turned down from the 6,920 resistance on Friday, indicating that the bears are aggressively defending the level.

SPX daily chart. Source: Cointelegraph/TradingViewIf the price breaks below the moving averages, it suggests that the index could range between 6,550 and 6,920 for a few more days. A close below 6,550 will form a double-top pattern, opening the doors for a drop to the pattern target of 6,180.

Conversely, if the price rises above the moving averages and breaks above 6,920, it signals the resumption of the uptrend. The index could then surge toward the target objective at 7,290. 

US Dollar Index price predictionThe US Dollar Index (DXY) attempted to rise above the 20-day exponential moving average (99.04) on Tuesday, but the bears held their ground.

DXY daily chart. Source: Cointelegraph/TradingViewThe moving averages have completed a bearish crossover, and the relative strength index (RSI) is in the negative zone, suggesting that the bears hold the edge in the near term. There is minor support at the 98 level, but if the sellers pull the price below it, the index could drop to 97.20 and then to 96.21. 

The first sign of strength will be a break and close above the 20-day EMA. Buyers will be back in the driver’s seat on a close above the 100.54 resistance. 

Bitcoin price predictionBTC bounced off the uptrend line on Monday, but the bulls could not clear the 20-day EMA ($90,720) hurdle.

BTC/USDT daily chart. Source: Cointelegraph/TradingViewThe 20-day EMA has started to turn down, and the RSI is in the negative territory, indicating advantage to bears. If the price closes below the uptrend line, the BTC/USDT pair could nosedive to $84,000 and eventually to the Nov. 21 low of $80,600.

Instead, if the price turns up sharply and closes above the 20-day EMA, it shows buying at lower levels. The pair may then rally to the 50-day simple moving average ($95,985). Sellers are expected to defend the zone between the 50-day SMA and $100,000, as a break above it suggests that the corrective phase is over.

Ether price predictionBuyers pushed Ether (ETH) above the 20-day EMA ($3,106) on Monday, but the long wick on the candlestick shows selling at higher levels.

ETH/USDT daily chart. Source: Cointelegraph/TradingViewThe bears will strive to pull the Ether price below the $2,907 level. If they manage to do that, the ETH/USDT pair could descend to the $2,716 to $2,623 support zone. 

This negative view will be invalidated in the near term if the price turns up from the current level and breaks above the breakdown level of $3,350. That suggests the pair may have bottomed out in the near term. The pair could rally to $3,658 and, after that, to $3,918.

BNB price predictionThe tight range trading in BNB (BNB) has resolved to the downside, signaling a slight advantage to the bears.

BNB/USDT daily chart. Source: Cointelegraph/TradingViewThe sellers will attempt to pull the price to the $791 level, which is a critical support to watch out for. If the level gives way, the BNB/USDT pair will resume the downtrend toward the next support at $730.

Alternatively, if the BNB price rebounds sharply off the $791 support and breaks above the 20-day EMA ($888), it suggests that the pair may form a range. The price could swing between $791 and $1,020 for a few days. 

XRP price predictionXRP (XRP) remains stuck below the 20-day EMA ($2.06), indicating a lack of aggressive buying by the bulls.

XRP/USDT daily chart. Source: Cointelegraph/TradingViewThe bears will attempt to sink the XRP price to the support line of the descending channel pattern and then to the $1.61 level. Buyers are expected to defend the $1.61 level with all their might, as a break below it could sink the XRP/USDT pair to the Oct. 10 low of $1.25. 

The bulls will have to push the price above the 50-day SMA ($2.21) to signal strength. The pair could then rally to the downtrend line, where the bears are expected to mount a strong defense. 

Solana price predictionSolana (SOL) has formed a symmetrical triangle, indicating uncertainty between the buyers and sellers.

SOL/USDT daily chart. Source: Cointelegraph/TradingViewIf the price turns down and breaks below the support line of the triangle, it signals that the bears have gained the upper hand over the bulls. The SOL/USDT pair could then plunge toward the strong support at $95.

Conversely, a break and close above the resistance line of the triangle suggests that the bulls are attempting a comeback. The Solana price could then rally to $172 and later to $189.

Dogecoin price predictionSellers are attempting to strengthen their position by pulling Dogecoin (DOGE) below the $0.13 support.

DOGE/USDT daily chart. Source: Cointelegraph/TradingViewIf they manage to do that, the Dogecoin price could resume its downtrend. The DOGE/USDT pair may then nosedive toward the Oct. 10 low of $0.10, which is likely to attract solid buying by the bulls.

The bulls will have to thrust the Dogecoin price above the 20-day EMA ($0.14) to signal strength. If they can pull it off, the pair may rally toward $0.19. That suggests the break below $0.14 may have been a bear trap.

Cardano price predictionCardano (ADA) continues to slide toward the $0.37 level, which is a critical support to watch out for in the near term.

ADA/USDT daily chart. Source: Cointelegraph/TradingViewIf the bears pull the Cardano price below the $0.37 level, it signals the start of the next leg of the downward move. The ADA/USDT pair could then plummet to the Oct. 10 low of $0.27.

On the contrary, if the price turns up and breaks above the 20-day EMA ($0.42), it suggests that the pair may consolidate between $0.37 and $0.50 for a while. Buyers will have to push the pair above the $0.50 level to signal a potential trend change.

Bitcoin Cash price predictionBitcoin Cash (BCH) has broken below the 20-day EMA ($560), indicating that the bulls are losing their grip.

BCH/USDT daily chart. Source: Cointelegraph/TradingViewThe next support on the downside is the 50-day SMA ($534) and then $508. Such a move suggests that the Bitcoin Cash price may oscillate inside the $443 to $615 range for some more time.

Buyers will have to drive and maintain the price above the $615 level to signal the resumption of the up move. The BCH/USDT pair may then challenge the crucial overhead resistance at $651.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

TL;DR

Ondo launches 24/7 tokenized stocks and ETFs on Solana 2026.
A leading RWA issuer with $365M in tokenized assets.
Follows a supportive SEC decision closing its investigation.

Ondo Finance says it will bring a trading venue for tokenized U.S. stocks and exchange-traded funds (ETFs) to Solana in early 2026. Ondo links the rollout to two operational points: 24/7 trading and settlement in seconds, using blockchain rails to widen access for retail and institutional participants.

Ondo enters the Solana push after issuing about $365 million in tokenized assets, a level that places Ondo at the top of the sector, according to RWA.xyz. The plan also follows recent network expansion and arrives as Ondo points to a clearer near-term regulatory backdrop.

It's coming.

The largest platform for tokenized stocks and ETFs is coming to @Solana in early 2026.

Wall Street liquidity meets internet capital markets. pic.twitter.com/CmMFT2UTFu

— Ondo Finance (@OndoFinance) December 15, 2025

The product aims to let users trade U.S. stocks and ETFs at any time, outside traditional market hours. Ondo describes a model where trading stays open around the clock and each trade reaches final settlement in seconds, rather than following legacy post-trade cycles.

Ondo ties the launch to an existing base of onchain issuance
The company reports roughly $365 million in tokenized assets already in circulation. In the same segment, Backed Finance ranks second at about $162 million in tokenized assets, and Kraken acquired Backed Finance earlier in the month, shifting the competitive field.

Ondo also frames the Solana rollout as the next step after an earlier expansion. In October, Ondo extended operations to BNB Chain and cited access to 3.4 million daily users connected to that network. With Solana, Ondo targets a high-throughput chain to support continuous trading and fast settlement.

Broader demand for real-world asset tokenization (RWA) provides the market context. Ondo states total value locked across tokenized RWAs has more than doubled since August and now sits close to $700 million, reinforcing momentum for products that connect traditional financial instruments with onchain execution.

Regulation appears as another key factor
Ondo reports the U.S. Securities and Exchange Commission (SEC) closed a confidential investigation into the firm last week and did not file charges. Ondo cites the outcome as a supportive development for continuing product expansion tied to stocks and funds in a compliance-driven environment.

With onchain issuance already in place, multiple network deployments, and an SEC inquiry closed without enforcement action, Ondo Finance positions the next move as a concrete one: launching tokenized U.S. stocks and ETFs on Solana in early 2026, with always-on trading and near-instant settlement.

Users can now swap tokens on Ethereum without incurring extra costs, potentially increasing accessibility and transaction volume on the platform.

Photo: Trust Wallet Blog

Key Takeaways

Trust Wallet now offers zero swap gas fees on Ethereum swaps through a gas sponsorship program.
The new feature reduces barriers for small transactions by covering gas fees for users.

Trust Wallet has rolled out a gas sponsorship feature for Ethereum, allowing users to swap tokens even when their wallet has no ETH balance.

The program addresses one of the most common issues in crypto wallets—failing swaps due to insufficient native tokens for gas. Trust Wallet automatically detects when a user’s balance is too low and covers the fee through its sponsorship system, reducing friction and failed transactions.

The feature currently supports Ethereum, BNB Chain, and Solana. Users can access up to four gas-sponsored swaps daily, with a $50 minimum on Ethereum and no minimum on BNB Chain. Support for token transfers is also planned.

Trust Wallet says this initiative aims to raise the standard for Web3 wallets by removing one of crypto’s most overlooked barriers.

Disclaimer

Despite claiming ignorance of Sahil Arora's involvement, the community remains skeptical regarding Soulja Boy's meme coin promotions.

American rapper and record producer, DeAndre Cortez Way, known professionally as “Soulja Boy,” is once again in the spotlight over his past involvement in crypto and NFT promotions.

This time, he is at the receiving end of a fresh wave of criticism from the on-chain analytics platform, Bubblemaps.

Soulja Boy’s Apology
The rapper recently posted a tweet in a bid to clarify his role, saying he had no knowledge that the notorious celebrity meme coin promoter, Sahil Arora, was involved or paying him to promote anything fraudulent. Soulja Boy said that at the time, he was doing paid promotions without fully understanding the crypto and NFT space. He went on to apologize to anyone who invested and suffered losses, and added that he has learned from past mistakes.

While taking partial responsibility for not conducting deeper due diligence back then, he wrote,

“Growth is learning from mistakes.”

The apology has done little to sway public opinion. For instance, Bubblemaps mocked the tweet and outlined a pattern of behavior that portrayed the rapper as a repeat offender. The analytics platform laid out a sarcastic timeline – Soulja Boy promoted dozens of scam tokens in 2021, made “easy money” and “watch them all go to zero,” disappeared from the scene, waited four years, and then launched meme coins on the PumpFun platform, which again went to zero.

Soulja Boy Blocked Bubblemaps
Bubblemaps noted that after being exposed, Soulja Boy blocked the platform on X, tried to “come clean” while claiming ignorance, blamed Arora, became a “creator” on Base, and repeated the cycle.

The controversy has roots in reporting by crypto sleuth ZachXBT, who in 2023 detailed Soulja Boy’s extensive involvement in crypto and NFT promotions. According to him, Soulja Boy was linked to 73 crypto promotions and 16 NFT projects later identified as scams, during which the rapper allegedly earned more than $730,000 from these promotions over the period under review.

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These findings drew significant criticism from the crypto community, and many questioned the rapper’s responsibility toward his followers and the investors who lost money. Critics argue that even if Soulja Boy was unaware of fraudulent activity, the repeated pattern of promoting high-risk projects that later collapse damages trust in the crypto ecosystem.

Back in 2022, Soulja Boy, along with other high-profile figures like Nick Carter, Ben Phillips, and Lil Yachty, faced a lawsuit over their role in the failed SafeMoon cryptocurrency project and were accused of attracting investors through deceptive promotions.

Tags:

JPMorgan Chase, a global bank with $4 trillion in assets under management, is pushing deeper into blockchain-based finance with the rollout of a tokenized money-market fund on Ethereum, amid increasing demand from institutional customers.

The move marks JPMorgan’s first tokenized money market fund, making it the largest Global Systemically Important Bank (GSIB) to launch such a fund on a public blockchain.

JPMorgan Taps Etherem For MONY Fund
JPMorgan’s new fund, called My OnChain Net Yield Fund, will trade under the ticker symbol MONY and is seeded with $100 million from the bank’s asset management division before opening to outside investors on Tuesday, the Wall Street Journal reported.

The vehicle is being launched via JPMorgan’s proprietary tokenization platform, Kinexys Digital Assets. It will be open to qualified investors — described as individuals with at least $5 million in investments and institutions with $25 million or more.

These qualified investors can earn US dollar yields by subscribing through the bank’s institutional trading platform, Morgan Money.

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“With Morgan Money, tokenization can fundamentally change the speed and efficiency of transactions, adding new capabilities to traditional products,” said John Donohue, head of global liquidity at JPMorgan Asset Management.

Like traditional money-market funds, MONY holds baskets of short-term debt instruments, with interest paid and dividends accrued daily. Investors can subscribe and redeem shares using either cash or Circle’s USDC stablecoin, the report noted.

Growing Interest In Tokenization
The move is the latest example of J.P. Morgan’s push into blockchain and tokenized assets. The bank has been an early mover, creating JPM Coin in 2019 and establishing its blockchain unit, Onyx, in 2020. Last week, JPMorgan announced a landmark commercial paper issuance on the Solana blockchain.

According to JPMorgan’s Donohue, there’s “a massive amount of interest from clients around tokenization.”

“We expect to be a leader in this space and work with clients to make sure that we have a product lineup that allows them to have the choices that we have in traditional money-market funds on blockchain,” he added.

The tokenization trend has also garnered support from U.S. regulators. Securities and Exchange Commission (SEC) boss Paul Atkins has recently praised tokenization as a key innovation for capital markets, positing during an appearance on FOX Business last week that it has the potential to transform the financial system over the next few years.

Ex-U.S. equities have performed well for investors this year. Many investors and advisors entered 2025 looking to move from underweight to neutral or even overweight foreign equities positions. The decline of the dollar and certain market events, also, contributed to strong performance for those foreign equities relative to U.S. investments. Those segments continue to appeal even as the year draws to a close. Investors can get a better sense of the potential of one subcategory, emerging markets equities, through three notable stocks.

See more: This Overlooked Market Segment Can Surprise Investors in 2026

Why emerging markets? While a case can be made for developed market ex-U.S. stocks, emerging markets are further ahead in their rate cycles and may offer more growth — with the right ETF approach. Which stocks, then, deserve a look therein and have contributed significantly to EM equities performance?

Emerging Markets ETFs & EM Equities to Watch
Let’s explore a few of the top holdings in the Fidelity Emerging Markets Multifactor ETF (FDEM).

Taiwan Semiconductor Manufacturing Co. (TSM) has been in strong form so far this year, returning 46.4% YTD. The standout global semiconductor firm is up more than 180% over the last five years and remains an important part of the global tech landscape — and in FDEM, as the ETF’s largest holding as of writing.

The ETF also invests in Tencent Holdings (TCEHY), another East Asian standout, which has returned 48.1% YTD, itself. TCEHY’s massive scope includes a variety of multimedia offerings from video games to social media to e-commerce.

Finally, Fidelity Emerging Markets Multifactor ETF’s (FDEM) investment in Alibaba Group (BABA) also merits attention. The third-largest stock in the ETF’s holdings by weight as of writing, the major Chinese firm has returned a whopping 86.1% YTD. It has done so despite continued uncertainty about Chinese stocks, but perhaps benefitting from a move away from U.S. stocks.

Emerging markets ETFs can provide exposure to those firms and others that are outperforming. An ETF like the Fidelity Emerging Markets Multifactor ETF (FDEM) can provide exposure therein. Charging 27 basis points, FDEM has returned 25.4% YTD per ETF Database data as of November 6. The strategy invests in SK Hynix, for example, with its multifactor approach looking for stocks with attractive valuations, positive momentum, and high quality profiles, while making slight tilts to sectors that are less correlated to U.S. stocks. Together, funds like FDEM could intrigue as foreign stocks in EM continue to perform.

For more news, information, and strategy, visit the ETF Investing Content Hub.

Fidelity Investments® is an independent company unaffiliated with VettaFi LLC (“VettaFi”). These articles do not form any kind of legal partnership, agency affiliation, or similar relationship between VettaFi and Fidelity Investments, nor is such a relationship created or implied by the articles herein. VettaFi LLC is the author and owner of these articles.

1241295.1.0

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Avantis Investors, a shop within American Century Investments, saw its suite of strategies recently crossed $100 billion in total AUM. The firm hit that threshold just as its largest ETF by AUM, AVUV, spiked over $20 billion in AUM in the last week, itself. The shop’s funds only crossed $10 billion last summer. What, then, has driven that big uptick in flows?

See more: American Century Investments’ Greenblath Appears on ETF Prime Podcast

The Avantis U.S. Small Cap Value ETF (AVUV), has been a key contributor. The ETF has added approximately $4.5 billion in AUM since the start of 2025, per YCharts data. Some $1 billion of that came in via net inflows over the last three months, as well, suggesting that its flows momentum has been durable for much of the year. 

Avantis Investors ETFs Drive Firm to $20 Billion
AVUV charges a 25 basis point (bps) fee for its approach to small cap value stocks in the U.S. Like the firm’s other ETFs, the strategy aims to provide investors the benefits of index tracking, like diversification, and active, like flexibility and deep engagement with individual firms’ fundamentals. 

Not only did that help AVUV pick up those flows, it has also helped the fund preform. AVUV has returned 11.5% YTD according to ETF Database data. It has beaten its ETF Database Category average over the last three and five year periods, returning 14% and 15.2% in that time, respectively. 

Avantis Investors offers five total ETFs with more than $10 billion in AUM and eight with more than $1 billion. That includes AVUV as well as six other equities ETFs ranging from international equities to U.S. small caps. The firm’s sole fixed income ETF above $1 billion in AUM, AVIG, the Avantis Investors Core Fixed Income ETF, sits at $1.4 billion in total.

Avantis Investors have been an important player in the broader story of ETF expansion and product proliferation. For those looking at ETF offerings to boost their portfolios, the shop may have some options to strongly consider.

For more news, information, and strategy, visit the Core Strategies Content Hub.

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Dren Bio, a privately held, clinical-stage biotechnology company, has a new collaboration with Sanofi SA (NASDAQ:SNY). The new agreement is built on the existing relationship between the two companies, following Sanofi’s acquisition earlier this year of Dren Bio’s DR-0201 program for deep B-cell depletion.

• Sanofi shares are experiencing downward pressure. Why are SNY shares declining?

The collaboration covers the discovery and development of a next-generation B-cell depleting therapy for the treatment of various autoimmune diseases.

DR-0201, now known as SAR448501, is currently being evaluated in two ongoing phase one studies and has shown B-cell depletion, with the potential to induce sustained treatment-free remission in patients with autoimmune diseases.

Also Read: Sanofi’s Multiple Sclerosis Drug Faces Trial And Regulatory Setbacks

Under the terms of the agreement, Dren Bio will receive an upfront payment of $100 million and is eligible to receive up to $1.7 billion in development, regulatory, and commercial milestone payments.

The companies will collaborate on discovery and preclinical development activities, leveraging Dren Bio’s proprietary platform.

Following development candidate selection, Sanofi will assume subsequent responsibility for development, manufacturing, regulatory and commercialization efforts.

Dren Bio has the option to enter into a U.S. profit/loss sharing arrangement with Sanofi.

If exercised, Dren Bio will co-fund 40% of ongoing global development costs in exchange for U.S. co-promotion rights and a 50/50 share of U.S. profits and losses.

Dren Bio will also remain eligible to receive milestones and tiered royalties on net sales outside the U.S.

SNY Price Action: Sanofi stock is down 2.87% at $47.29 at publication on Monday.

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