Market Signal Briefing

LONDON--(BUSINESS WIRE)--Social media star launches HP-1 focus supplement with £1m funding. HP-1 supports focus and performance in 'the Age of Dopamine'.

The cryptocurrency market exudes a pervasive bearish sentiment, with even crypto-focused platforms expressing pessimism about bitcoin's price trajectory throughout 2025. Reflecting this skepticism, merely 20% of Polymarket traders anticipate bitcoin surpassing $100,000 by year's end.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

ORLANDO, Fla.--(BUSINESS WIRE)--Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”). The Company has entered chapter 11 with the support of approximately 91.3% of its first lien noteholders and approximately 85.9% of its second lien noteholders (the “Ad Hoc Group”) to facilitate value-maximizing sa.

Key Takeaways U.S. e-vapor usage reached roughly 21M adults by Q3 2025, with disposables driving most growth.Disposables added about 2.4M users and exceeded 60% share, but MO's NJOY focuses on FDA-authorized products.Federal agencies have stepped up raids and seizures against unauthorized e-vapor products.
Altria Group, Inc. ((MO - Free Report) ) finds itself watching a rapidly expanding e-vapor category from the sidelines as U.S. adult usage climbs to roughly 21 million consumers by the end of the third quarter of 2025. The challenge is not a lack of consumer interest, but where that interest is concentrated.

Most recent growth has come from disposable e-vapor products, which added roughly 2.4 million users by the end of the third quarter. Disposables now account for more than 60% of the category and are typically flavored, low-priced and widely available. Many of these products are not authorized by the FDA. Altria’s e-vapor business, built around the NJOY brand, is focused on authorized products, limiting its exposure to the segment driving most new adoption.

Altria has long emphasized the need for stronger enforcement against unauthorized products. Recently, federal agencies have increased actions against illicit e-vapor, including coordinated raids and large-scale seizures at the retail and distribution levels. These efforts signal greater regulatory attention on the category, though their long-term impact remains to be seen.

At the same time, Altria’s e-vapor presence remains shaped by product and legal constraints. The company recorded a $873 million non-cash goodwill impairment charge on its e-vapor business in the first nine months of 2025. The NJOY ACE device is currently not available following patent-related import restrictions and the company continues to evaluate potential pathways for future participation in the category.

Overall, the e-vapor category’s growth to roughly 21 million adult users highlights its scale, though gains remain concentrated in specific formats. For Altria, regaining share likely hinges on sustained enforcement against illicit disposables and a viable path back into competitive, authorized products.

Peers vs. Altria Group in E-Vapor and AlternativesPhilip Morris International Inc. ((PM - Free Report) ) is far more directly exposed to global e-vapor growth through its VEEV brand, which continues to scale across international markets. On its third quarter of 2025 earnings call, Philip Morris reported that VEEV shipments more than doubled year to date, with the brand now holding a top-three closed-pod position in 15 markets and the number-one spot in eight. PM benefits from broad geographic diversification, which allows it to participate more fully in the expanding e-vapor category.

Turning Point Brands, Inc. ((TPB - Free Report) ) is seeing rapid growth in adjacent nicotine categories. In the third quarter of 2025, modern oral nicotine sales reached $36.7 million, rising 627.6% year over year and accounting for 30.8% of total company revenues. Turning Point Brands has cited distribution expansion and consumer trial as key drivers. While TPB has limited exposure to traditional e-vapor devices, its results highlight strong demand for non-combustible alternatives.

Altria’s Price Performance, Valuation & EstimatesShares of Altria have gained 1% in the past month compared with the industry’s growth of 1.6%.

Image Source: Zacks Investment Research

From a valuation standpoint, MO trades at a forward price-to-earnings ratio of 10.57X, down from the industry’s average of 14.19X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MO’s 2025 earnings per share has inched up 1 cent in the past 30 days to $5.44, while the same for 2026 has slipped 1 cent to $5.56.

Image Source: Zacks Investment Research

Altria currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

VANCOUVER, British Columbia, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Cornish Metals Inc. (AIM/TSXV: CUSN) (“Cornish Metals”, “Cornish Canada” or the “Company”) a mineral exploration and development company focused on advancing its wholly owned and permitted South Crofty tin project in Cornwall, United Kingdom, provides a further update following the receipt of the final order from the Ontario Superior Court of Justice (the "Court Order") approving the previously announced re-domicile of the Company (the "Arrangement"). The Arrangement will result in the transfer all of the issued and outstanding common shares of the Company (each a "Cornish Canada Share") to Cornish Metals plc ("Cornish UK") in exchange for the issue to the Company's shareholders of new shares in Cornish UK (each a "Cornish UK Share"), on the basis of one (1) Cornish UK Share for ten (10) Cornish Canada Shares, rounded down to the nearest whole number of Cornish UK Shares.

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SummaryUnion Pacific maintains a 'Buy' rating, supported by strong Q3 2025 results and reaffirmed high single-digit to low double-digit EPS growth guidance.UNP's operational excellence is evident with a 58.5% adjusted operating ratio and an improved 2.6x debt-to-EBITDA, supporting its A- credit rating.Shares remain undervalued at a 12% discount to fair value, offering a potential 20% total return by the end of 2026 and double-digit annual returns through 2030.UNP's 2.4% yield, robust payout ratios, and 19-year dividend growth streak position it for continued high-single-digit dividend increases and exceptional dividend safety. cokada/E+ via Getty Images

Co-authored by Kody's Dividends

As dividend growth investors, we prefer to fill our portfolios with companies that are of high quality. But how does one discern quality?

Well, it's both an art and a science. I like to look for companies with

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Kody is long UNP

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

LOS ANGELES, Dec. 15, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CarMax, Inc. (“CarMax” or “the Company”) (NYSE: KMX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between June 20, 2025 and September 24, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before January 2, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Carmax overstated its growth prospects when the reality of the growth it enjoyed early in fiscal year 2026 was driven by customer speculation about tariffs on vehicles. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about CarMax, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.        

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

The Schall Law Firm

Key Takeaways COLB offers a 5.1% dividend yield and a $700M buyback plan, backed by strong capital levels.The Pacific Premier deal is set to deliver $127M in annual cost savings, $48M realized so far.COLB trades at 9.55X forward earnings, below peers and sector averages, despite improving fundamentals.
Columbia Banking (COLB - Free Report) has leaned into dividend income and share buybacks while it integrates Pacific Premier. The balance sheet and margin profile give management room to reward shareholders, with execution through 2026 the swing factor.

Columbia Banking’s shares are up 29.4% in the past six months, outperforming the industry’s rally of 17.4%.

Image Source: Zacks Investment Research

COLB’s Income and Capital Return SnapshotColumbia Banking has a 5.06% dividend yield supported by a recent increase to 37 cents per share. The board has also authorized up to $700 million in share repurchases through Nov. 30, 2026. 

Columbia Banking’s capital levels sit above the regulatory requirements. As of Sept. 30, 2025, the common equity Tier 1 ratio was 11.6% and total risk-based capital was 13.4%. This gives the bank excess capacity to fund dividends and buybacks as Pacific Premier integration synergies ramp. Management has highlighted strong capital generation and tangible book earnback backing opportunistic deployment.

Columbia Banking Trades at a DiscountCOLB trades at 9.55X forward 12-month earnings versus 17.36X for the broader Finance sector and 23.35X for the S&P 500.

Columbia Banking is also trading at a discount compared with peers, including East West Bancorp (EWBC - Free Report) and WaFd (WAFD - Free Report) , shares of which are trading at 11.28X and 10.61X, respectively.

Over five years, COLB stock’s P/E has ranged from 4.94X to 22.43X, with a median of 9.24X. That setup leaves room for return drivers (repurchases, synergy capture, margin defense) to close part of the relative discount, even as the company navigates integration milestones.

COLB’s Earnings Drivers to Support ReturnsColumbia Banking’s net interest margin (NIM) improved to 3.84% in the third quarter of 2025 and is expected to be approximately 3.90% in the fourth quarter, aided by a one-time deposit premium amortization that fully runs off by year-end. In the first quarter of 2026, management expects a similar NIM, with earning assets likely to be modestly lower. Further, excluding the one-time item, core net interest income is anticipated to be relatively stable.

With deposit betas for interest rate cuts targeted around half and proactive repricing, the company is set up to defend NIM, underpinning steady core earnings as rates fall.

On the cost front, the Pacific Premier deal is expected to generate $127 million of targeted annualized savings, of which $48 million was realized by Sept. 30, 2025. The synergy cadence, together with a shift toward relationship-driven C&I and owner-occupied CRE, supports steady earnings growth in 2026.

The Zacks Consensus Estimate for COLB’s fourth-quarter 2025 earnings is pegged at 74 cents per share, reflecting a year-over-year growth of 4.2%. For 2025, the consensus mark is pegged at $2.91 per share, unchanged over the past 30 days and suggests a rise of 7.4% from 2024.

Integration Costs Weigh on COLB’s EfficiencyNon-interest expenses rose sharply in the third quarter on the back of merger and restructuring costs and one month of combined operations. Management targets operating expenses (excluding core deposit intangible amortization) to be $330-$340 million per quarter for the next several quarters, with CDI amortization around $40 million per quarter.

The Pacific Premier system conversion is planned for the first quarter of 2026, with a normalized expense run-rate targeted for the third quarter of 2026 as cost savings fully materialize. Until then, efficiency and near-term returns will remain pressured.

Execution Risks to Hurt COLB’s ProspectsHeadline loan growth expectations for Columbia Banking looks muted as it intentionally manages down roughly $8 billion of inherited transactional loans over about eight quarters starting in the third quarter of 2025. Further, competitive deposit markets across the footprint, including pushback from national and regional peers, will continue to pressure funding costs.

Additionally, credit remains a watch item in small-ticket leasing (FinPac) and office loans (comprise 8% of total loans). During the third quarter of 2025, net charge-offs increased sequentially in FinPac, and non-performing assets rose year over year. Credit costs are likely to stay uneven while integration progresses.

Is Columbia Banking Stock Worth Considering?At present, COLB carries a Zacks Rank #3 (Hold) with a VGM Score D and component scores of Value C, Growth F, and Momentum C. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Given the Pacific Premier conversion timing and expense normalization later in 2026, patient investors should wait for confirmation from margin stability, operating expense traction and credit trends before leaning into COLB’s valuation gap. Columbia Banking trades around $29 with a 6–12 months price target of $31, implying modest upside from current levels.

Among its peers, East West Bancorp carries a Zacks Rank #2 (Buy), while WaFd carries a Zacks Rank #3.

Toronto, Ontario--(Newsfile Corp. - December 15, 2025) - Peter Akerley, President and CEO, Erdene Resource Development Corporation ("Erdene" or the "Company") (TSX: ERD.TO), joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange ("TSX"), to open the market and celebrate the Company's 20th anniversary of being listed on Toronto Stock Exchange.

Cannot view this video? Visit:
https://www.youtube.com/watch?v=427oA3QimbU

Erdene Resource Development Corp. is a low-cost gold producer, focused on the underexplored and highly prospective Khundii Minerals District in southern Mongolia. The Company achieved its first gold pour at its Bayan Khundii gold mine in September and is now in the ramp-up stage moving towards nameplate capacity. Erdene's vision is the development of a multi-mine, multi-commodity mining company with exploration and technical studies underway, expanding Bayan Khundii, and defining new opportunities at its Dark Horse and Altan Nar gold projects. The Company is also advancing the Zuun Mod project, one of Asia's largest undeveloped molybdenum and copper deposits.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278057

Source: Toronto Stock Exchange

Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

Part of the Team Since

Apr 2025

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...

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Last updated: 

December 15, 2025

Bitcoin bull Michael Saylor’s Strategy has doubled down on its long-standing conviction, announcing another massive Bitcoin buy worth nearly $1 billion.

Key Takeaways:

Strategy bought $980 million in Bitcoin, increasing its holdings to 671,268 BTC.
The purchase was funded through stock sales
The purchase comes after Strategy created a $1.44 billion cash reserve to avoid selling Bitcoin, ensuring dividend and debt payments during market volatility.

In a Form 8-K filing dated December 15, Strategy disclosed that it acquired 10,645 BTC between December 8 and December 14, spending $980.3 million at an average price of $92,098 per coin.

The purchase was funded through proceeds raised under the firm’s at-the-market (ATM) equity and preferred stock offerings, including sales of common shares and multiple preferred stock classes.

Strategy Becomes World’s Largest Corporate Bitcoin Holder With 671,268 BTCFollowing the latest acquisition, Strategy’s total Bitcoin holdings climbed to 671,268 BTC, with an aggregate purchase cost of $50.33 billion and an average price of $74,972 per Bitcoin.

The move further cements the company’s position as the largest corporate holder of Bitcoin globally, far ahead of other public firms.

Last week, Strategy also purchased 10,624 BTC for roughly $962.7 million, paying an average price of $90,615 per coin.

The new purchases come as Strategy has built a $1.44 billion reserve to cover dividend and debt interest payments in cash, avoiding the need to sell any of its extensive Bitcoin holdings during periods of high market volatility.

CEO Phong Le has said the company’s newly built cash reserve is designed to quiet investor anxiety over its ability to withstand a sharp downturn in Bitcoin.

Le said the move followed weeks of speculation about whether the firm could continue meeting its dividend and debt commitments if market conditions worsened.

“We’re very much a part of the crypto ecosystem and Bitcoin ecosystem,” Le said. “Which is why we decided a couple of weeks ago to start raising capital and putting US dollars on our balance sheet to get rid of this FUD.”

The reserve, funded via a stock sale, is intended to secure at least 12 months of dividend payments, with plans to stretch that buffer to 24 months.

Concerns over Strategy’s dividend stability had grown louder in recent weeks as Bitcoin retreated from its highs.

Bitcoin Drops Under $90,000 as Investors Turn DefensiveBitcoin slipped below the $90,000 mark this week, reinforcing a cautious short-term outlook as investors pull back from risk assets, according to Lin Tran, senior market analyst at XS.com.

In a note shared with Cryptonews, Tran said Bitcoin continues to trade in line with broader risk sentiment, remaining closely tied to US technology stocks and shifting expectations around monetary policy.

The analyst noted that Bitcoin’s rejection near $100,000 and its struggle to hold above the psychological $90,000 level point to growing risk aversion, particularly as markets head into year-end.

Investors appear focused on protecting gains after the strong rally earlier in the cycle.

Tran highlighted US Federal Reserve policy as the key macro driver.

While interest rates have been cut, the Fed’s cautious guidance and still-elevated real rates have limited the return of global liquidity, capping Bitcoin’s upside.

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Ripple Labs executive Reece Merrick has hinted at the potential regulatory expansion of the blockchain firm in South Africa. Merrick emphasized that South Africa is a key market for Ripple, thus improvements in regulation and licensing signal progress for the firm.

Investor sentiment in the crypto market in the past two months has been well within fear territory, with the Fear and Greed Index plunging to 16, just six points above 2025’s low of 10 reached in November. Over the past year, readings of fear or extreme fear have accounted for more than 30% of the index’s assessments.

Bitcoin (BTC), the crypto market’s bellwether, has struggled to regain footing after a volatile autumn that took it to as low as $80,000. As of this reporting, the king coin is trading near $88,900, 30% below its all-time high of $126,000 set in October. 

Second in line, Ethereum is also 36% down from its August $4,946 high, while Ripple’s token XRP has given away over 40% of its value back to the loss category, in a winter that may not turn sunny before 2025 closes its curtains. 

The market has yet to stage a meaningful recovery following a liquidation crash that sent Bitcoin down 36% from its peak more than two months ago, nailing down the sentiment index firmly within the extreme fear territory.

Market sentiment in fear, even for US equities
The cautious mood in crypto is not far off from the trend witnessed in US equities, as the CNN Fear and Greed Index for stocks currently reads 42, despite the S&P 500 trading at 6,827, just a few percentage points below its record high. In both cryptocurrencies and traditional equities, investor psychology is clearly dominated by risk aversion. 

The macroeconomic factors exerting downward pressure on risk assets include a market watch on the Bank of Japan (BoJ), expected to raise interest rates by 25 basis points to 0.75% on December 19, the highest level in three decades. When the BoJ made a rate raise in July 2024, Bitcoin dropped from $65,000 to $50,000.

Moreover, speculation around global liquidity and rising US yields had already pushed Bitcoin below $84,000 within the first week of the month. According to several economists, elevated US yields and tighter liquidity conditions are an eye-burning sight for the crypto market and Bitcoin’s short-term outlook.

That said, in the midst of all the bearish signs, several developments have made crypto market bulls optimistic for the weeks ahead. The Federal Reserve concluded its quantitative tightening (QT) program on December 1, injecting $13.5 billion into the market and projecting up to $40 billion in additional liquidity. 

Since then, institutional adoption for digital currencies seems to have shaken off the despair of November’s redemptions, with Vanguard launching cryptocurrency ETFs and Bank of America approving allocations of up to 4% in Bitcoin for its clients.

Technical indicators like options call targets ranging from $100,000 to $115,000 and support levels around $86,000 have reignited the positive predictions. Traders are positioning for accumulation between $80,000 and $85,000 if Bitcoin takes a deeper slump, two of its immediate support levels. 

CryptoQuant contributor GugaOnChain summed up the sentiment saying: “Between BoJ risks and Fed stimulus, BTC faces tension between a drop to $70,000 and a rally toward $180,000. The balance will depend on global liquidity and institutional confidence.”

Ripple ETFs record inflows continue, price tanks 5.2% in the week
Ripple (XRP) has experienced a week of choppy trading in which it began at the $2.1 price level, went up to as high as $2.15 around December 10, before correcting to $1.99 during Monday’s early US trading sessions. 

According to data from CryptoQuant, there was a substantial reduction in exchange reserves in November from over 3.5 billion XRP to around 1.5 billion. In early December, market watchers reported an additional 1 billion XRP withdrawn within three weeks, supposedly caused by whale activity and US spot XRP ETF launches.

The spot XRP ETFs have recorded their 19th consecutive day of inflows, accumulating over $20.1 million on Friday alone. According to SoSoValue data, cumulative inflows now approach $990.91 million. 

However, since the October 10 liquidation crash, bearish sentiment has wiped out over 28.9% from XRP, which means the token is suffering from the event’s causality, much like the rest of the market.

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Curve founder Michael Egorov placed a 17.45 million CRV funding request for Swiss Stake AG before the DAO, setting up a vote that will decide how the project will operate going into 2026.

The company has been tied to Curve since 2020, when it built the first software repositories and helped launch the DAO, but the new request covers one full year and keeps all unused tokens rolling into the next cycle.

Swiss Stake AG said its role since 2020 has been simple: make the software, maintain it, expand it, and keep Curve stable. The group explained that it used the August 2020 CRV allocation as the main source of cash, while smaller revenue came from Curve Lite deployments and veCRV staking through Convex, StakeDAO, and Yearn.

But the team said the revenue still does not cover its long-term costs, so it plans to explore future monetization for certain front-end features. The company clarified that no grant funds will be used for those commercial features.

Swiss Stake AG outlines previous work
Swiss Stake AG said it now has more than 25 contributors working on Curve-related systems and wants to keep that team intact. According to the DAO proposal, the first grant came with regular quarterly reports, and those will continue.

Curve said, “We hope the community saw the progress,” pointing to 2024–2025 upgrades that included crvUSD improvements, better collateral options, updated lending mechanics, cross-chain boost tools, and a full update to Curve’s governance and user interfaces.

It also said Llamalend V2 is built and is waiting for security audits before release.

Source: Curve Finance/X
The company confirmed that the new request follows the end of the 2024–2025 grant, which stopped in August 2025.

With remaining funds, Swiss Stake AG kept operations going through the end of 2025, and Curve said the 2026 proposal keeps development running without any gaps in staffing or knowledge.

Proposal sets 2026 plans and grant rules
The plan for 2026 centers on expanding Curve’s infrastructure. Swiss Stake AG wants to launch Llamalend V2 with LP and PT collateral, build FXSwap to move Curve into onchain foreign exchange, extend crvUSD systems with more collateral and new risk models, deploy Curve across more chains with stronger DAO tooling, and continue the full rebuild of Curve’s front-end architecture.

Other plans include new developer tools, AMM research on dynamic fees, modular work on existing AMMs, external management tools for lending markets, more simulation and analysis systems, and continued work on the Curve Block Oracle.

The company asked for 17,450,000 CRV, or about CHF 5.3 million, matching the amount from the previous period. Funds run from January 2026 to January 2027. Tokens will vest through a smart contract under DAO rules.

The group said all spending will follow the project description, with any unused funds rolled into the next year. Swiss Stake AG may stake CRV in wrapper protocols to earn yield, but only for project work.

The grant terms require open-source release of all software created with these funds. Taxes related to the grant may be paid from the allocation. Swiss Stake AG will file bi-annual spending reports and alert the DAO of any issues that could disrupt work. Disputes will follow Swiss law and go through courts in Zug.

Funds will cover security audits, front-end software, Curve repository development, infrastructure, community support, and research and analytics.

Quarterly reports will continue, according to the proposal.

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Bitcoin usage still skews toward long-term storage, as seen in how much BTC sits unmoved, says Terahash co-founder Hunter Rogers. But this behavior preserves individual wealth while starving the network. Dec 15, 2025, 2:00 p.m.

Bitcoin continues to draw global attention, institutions continue to accumulate it, and a market cap above $1.7 trillion indicates how widely held Bitcoin has become. Yet when you look at how the network actually behaves, the signals don’t match the headlines. More than 60% of all BTC hasn’t moved in over a year, on-chain activity is decreasing (with part of that drop tied to ETF adoption), and miner fee income continues to fluctuate. For a system built to move value rather than simply store it, this becomes a real problem for how it works.

STORY CONTINUES BELOW

So how far can a network go when most of its capital never circulates? After all, movement is what creates fees, creates demand for new tools and apps and helps keep the network secure. That’s why if the pattern observed today holds, the underlying incentive model will fall short of what the next stage of development requires.

Bitcoin’s incentive structure is reaching its limitsBitcoin was never designed to stand still. That simply isn’t in its nature. Its architecture assumes one thing from the very beginning: economic activity. This means the network relies on transactions to pay miners and on steady activity to let the system function. But today, the system is stumbling upon a contradiction — a high-value network with low-value throughput.

Unlike Ethereum or Solana, where users interact with apps, stake tokens, or mint assets, Bitcoin usage still skews toward long-term storage, as seen in how much BTC sits unmoved. Yes, this behavior preserves individual wealth, but it starves the network. So the more people treat BTC as an untouchable holy grail, the less reason there is to transact, and the thinner the fee base becomes.

Now imagine this: the year is 2140, and the last Bitcoin has been mined. Subsidies are gone, and the network has to pay its security bills solely through transaction fees. But usage hasn’t scaled. There are fewer than 250,000 daily transactions, average fees under $2, while block rewards dry up.

What happens then? Either miners turn off machines, weakening security, or Bitcoin raises fees so high that everyday users get priced out entirely. That’s a deadlock.

The more severe truth is that, even in 2025, this scenario is already starting to sound less hypothetical. Fee income now accounts for less than 1% of rewards — far short of the 10–15% range needed to start easing reliance on issuance. That’s why functional velocity is the piece currently missing. Scarcity may support the price, though only circulation ensures the network’s viability.

So if movement is the missing piece, what will it take to get Bitcoin’s capital back in motion? That’s where the new incentive models come in.

Capital either becomes productive or becomes a burdenEven though Bitcoin has value, that alone isn’t enough anymore to let the network sustain itself over the long run. Its capital must become productive. . For the network to sustain itself over the long run, its capital must become productive. That’s where a new class of on-chain tools is starting to form — ones that activate BTC itself.

At the center of this shift is BTCFi — a financial layer emerging around Bitcoin’s most foundational input: hashrate. These protocols let holders lock their BTC into yield-generating products that directly support network security.

Naturally, that results in an incentive loop, where users help miners, miners secure the network, and the network returns value through sustainable on-chain rewards. For the first time at scale, Bitcoin’s raw computational engine is being plugged into a financial mechanism that reinforces the system from the inside out, instead of relying on speculative hype.

Of course, some are skeptical. Analysts argue that BTCFi has yet to deliver because adoption is modest, liquidity is shallow, and the majority of BTC still sits in cold storage. That’s a fair observation, and to some extent a correct one. Still, it doesn’t invalidate the direction. It, in fact, confirms the urgency.

Since Bitcoin was never meant to live in vaults, but, instead, was meant to move, interact, and circulate, BTCFi is its next natural step toward making BTC actually used.

A monetary revolution needs participantsIf there is one lesson from high-engagement ecosystems like TRON, it’s that activity doesn’t happen by accident. Networks grow when participation is simple, incentives are visible, and value moves through the system rather than sits on the sidelines.

The same applies to institutions. They aren’t keeping Bitcoin inert deliberately; they just follow incentives shaped over a decade of treating BTC as a macro hedge. That’s why, as long as holding pays more than participating, trillions will remain in cold storage. Once risk-adjusted on-chain yield becomes undeniable, that behavior changes.

That’s the broader truth here. Bitcoin can’t survive the next century as a museum piece. It must become an economy.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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Protocol Research: GoPlus Security

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Compliance, Credibility, and Consumer Trust in the New Age of Crypto ATMs

há 21 horas

Bitcoin Depot’s Scott Buchanan argues that crypto ATM operators must continually strengthen their safeguards and make things safer and more transparent for users — protective actions that not only benefit individual crypto users but also bolster the market’s integrity and support its long-term growth.

Leia a história completa

Ethereum (ETH) has entered another period of tight price compression, a phase that has left traders split between expectations of a renewed rally and concerns about a deeper correction. Related Reading: Dogecoin Holds Demand Zone Above $0.13, What A Bounce Would Do As of December 15, the Ethereum price trades near the $3,100 level, drifting sideways after several failed attempts to reclaim higher resistance zones.

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Quantum risk has become a recurring stress point in Bitcoin discourse, often framed as an existential threat. The claim usually follows a familiar arc: quantum computing is advancing quickly, cryptography is vulnerable, and Bitcoin isn’t adapting fast enough.

Marty Bent doesn’t buy that framing. In his Dec. 14 episode, Bent acknowledged that quantum computing represents a genuine risk — not just for Bitcoin, but for any system built on modern cryptography — while pushing back on the idea that Bitcoin developers are ignoring the issue.

“Short answer is yes, it is a risk,” Bent said. “But it’s not only a risk for Bitcoin. It’s a risk for any system that depends on cryptography for security.”

What Developers Are Doing To Make Bitcoin Quantum-Safe
What tends to get lost, he argued, is the work already underway. Bent pointed to ongoing developer discussions and, more recently, a research paper published by Blockstream’s Jonas Nick and Mikhail Kutunov examining hash-based, post-quantum signature schemes tailored specifically for Bitcoin.

“I just wanted to make this video to push back on that notion,” Bent said, referring to claims that Bitcoin isn’t moving fast enough. “Because I think it’s pretty clear if you’ve been following Bitcoin development discussions over the last year, the quantum risk is certainly being taken seriously and the conversations have started.”

Nick summarized the paper in a Dec. 9 post on X, describing it as an analysis of post-quantum schemes optimized for Bitcoin’s constraints rather than generic cryptographic benchmarks. Bent described the work as a signal that research is shifting from abstract concern to concrete design space.

Hash-based signatures are conceptually simple and rely solely on hash functions, which is a primitive Bitcoin already trusts.

While NIST has standardized SLH-DSA (SPHINCS+), we investigate alternatives that are better suited to Bitcoin’s specific needs.

— ncklr (@n1ckler) December 9, 2025

Nick wrote via X: “Hash-based signatures are conceptually simple and rely solely on hash functions, which is a primitive Bitcoin already trusts. While NIST has standardized SLH-DSA (SPHINCS+), we investigate alternatives that are better suited to Bitcoin’s specific needs. We explore in detail how various optimizations and parameter choices affect size and performance. Signature size can be reduced to ~3-4KB, which is comparable to lattice-based signature schemes (ML-DSA).”

The challenge, Bent emphasized, isn’t a lack of candidate solutions. It’s that Bitcoin is a globally distributed system with nearly 17 years of operational history, and changes at the protocol level come with heavy trade-offs.

“Bitcoin is a globally distributed peer-to-peer system that depends on consensus protocol rules that are very hard to change,” Bent said. “And you really don’t want to change them too often.”

That reality complicates any transition to quantum-resistant signatures. Existing address types, HD wallets, multisig setups, and threshold schemes all need to be considered. And beyond compatibility, there’s the question of performance.

“One of the biggest hurdles when approaching this problem in Bitcoin is that many quantum-resistant schemes are very data intensive,” Bent said. “Yes, there are many different schemes that can be implemented. However, they come with trade-offs — particularly verification and bandwidth trade-offs.”

Larger signatures can slow block propagation and make it more expensive to run a full node, which directly impacts decentralization. The Blockstream paper focuses heavily on that tension, exploring optimizations that could reduce signature sizes to a few kilobytes while keeping verification costs manageable.

“They feel pretty confident that they’ve done the research to find signature schemes that would have a nice trade-off balance,” Bent said. “You get quantum resistance, but at the same time it remains conducive for people to download full nodes and verify transactions without needing a significant amount of bandwidth and data storage.”

Bent was careful not to frame the research as a finished solution. Instead, he described it as groundwork — mapping the problem space early so the network isn’t caught flat-footed if quantum capabilities advance faster than expected.

“This is by no means like, ‘hey, we solved the problem,’” he said. “But we are taking this problem seriously, doing research and beginning to figure out ways in which we could solve the quantum risk that may or may not manifest in the medium to long term.”

He also noted that BTC tends to be singled out in quantum discussions, even though most of the internet relies on cryptographic assumptions that would face similar pressure in a true post-quantum scenario.

“If quantum computers do come, Bitcoin is not the only thing,” Bent said. “Almost everything you touch on the internet is depending on some cryptographic security at some point.”

Everyone’s panicking about quantum computing killing bitcoin.

But they’re ignoring what just got released.@martybent explains. pic.twitter.com/uyRIjpGuNY

— TFTC (@TFTC21) December 14, 2025

For now, Bent’s takeaway was measured. Quantum risk exists. Progress in quantum computing is real. But the narrative that developers are ignoring the issue doesn’t align with what’s happening in technical circles.

“Very smart developers, cryptographers more importantly, are researching the problem,” he said. “If you know where to look, it’s pretty clear that people are preparing for this.” Not solved. Not ignored. Just quietly being worked on.

At press time, BTC traded at $89,854.

Bitcoin still hovers between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.

Bitwise Solana ETF records 33 straight inflow days, while traders monitor key $120 support amid declining network participation.

Izabela Anna2 min read

15 December 2025, 02:05 PM

As of the reporting period, Solana continues to attract sustained institutional interest through regulated investment products. The spot Solana ETF managed by Bitwise Investment has recorded 33 consecutive days of net inflows.  Total inflows into the fund have reached $608.9 million, reflecting consistent capital allocation toward Solana exposure.

ETF Flows Highlight Institutional Allocation ShiftsAccording to SoSoValue data, Solana spot ETFs have posted weekly net inflows since inception. Assets under management across Solana ETFs stood near $928 million as of Monday. 

Additionally, none of the seven active Solana ETF products reported net redemptions during the period. This pattern highlights steady demand rather than short-term speculative positioning.

Comparatively, Bitcoin spot ETFs attracted $287 million in net inflows during the same week. Ethereum spot ETFs recorded $209 million in net inflows. Solana ETFs added $33.6 million, reinforcing their position as a growing institutional allocation. Hence, Solana continues to secure attention despite lower absolute flows than Bitcoin and Ethereum.

Solana Price Action and Market Structure SignalsSolana traded at $132.54 during the latest session, posting a daily gain of 1.08%. However, the token remains down 4.25% over the past seven days. Trading volume reached $3.24 billion, while the market capitalization stood near $74.5 billion. With 560 million SOL in circulation, price stability remains a focal point for traders.

Source: X

Bitcoinsensus highlighted Solana holding a critical technical support zone. The analyst noted that the $120 level acts as a key neckline support. A sustained break below this level could shift broader market structure. Consequently, traders continue monitoring this zone for directional confirmation.

Network Participation Trends Add CautionSource: X

On-chain activity metrics show contrasting signals beneath the ETF inflow narrative. Analyst dxrnelljcl reported a sharp decline in active Solana traders. Active wallets reportedly fell from 4.8 million to roughly 624,000 since January. This represents an estimated 87% reduction from peak participation levels.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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Latest Solana (SOL) News Today

Juventus Fan Token Slides Over 13% After Tether Bid Rebuff, Even as Club Shares SurgeJuventus Football Club shares surged after stablecoin issuer Tether made, and was rebuffed on, a €1.1 billion takeover bid, while the club’s fan token saw a double-digit pullback. Dec 15, 2025, 2:09 p.m.

Juventus’ fan token (JUV) slid more than 13% from its intraday peak after a takeover bid of 1.1 billion euros ($1.3 billion) by stablecoin issuer Tether was rebuffed.

JUV climbed to over $0.85, its highest mark since the start of November, at around 21:00 UTC on Sunday, but subsequently tracked downward to fall below $0.74 as of the early European morning on Monday, according to CoinGecko data.

STORY CONTINUES BELOW

The token’s decline contrasted with a sharp rally in Juventus Football Club’s publicly listed shares, which jumped just over 14% on Monday to 2.50 euros, following news of Tether’s all-cash proposal and its rejection by controlling shareholder Exor.

Tether’s all-cash proposal, made Friday at a 21% premium and valuing Juventus at 1.1 billion euros, marks one of the most significant crypto-backed moves into professional sports to date. Tether operates USDT, the world’s largest stablecoin by market capitalization.

Crypto exchanges invested $568 million in sports sponsorships for the 2024-2025 season, a 20% year-over-year increase, according to sports marketing firm SportQuake. Soccer still dominates, accounting for nearly 60% of all new sponsorships.

Tether, already Juventus’ second-largest shareholder with an 11.53% stake in the club, on Friday made an all-cash proposal to buy Exor’s 65.4% holding for 2.66 euros a share, according to a letter sent to Exor and seen by Bloomberg.

Exor, the Agnelli family-controlled holding company, whose assets include automaker Stellantis (Fiat), released a statement on Saturday, saying it has “no intention of selling any of its shares in Juventus to a third party, including but not restricted to El Salvador-based Tether.”

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As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Strategy last week purchased 10,645 bitcoin for $980.3 million.The fresh acquisition was mostly funded by sales of common stock.Total bitcoin holdings rose to 671,268 acquired for $50.33 billion, or an average price of $74,972 each.Read full story

Crypto's 'Best Days Are Ahead': Tom Lee's Bitmine Immersion Adds $320M of EtherThe company is likely sitting on about $3 billion in unrealized losses on its holdings of nearly 4 million ether tokens. Dec 15, 2025, 2:12 p.m.

BitMine Immersion Technology (BMNR), the largest Ethereum treasury company, continued its splurge, buying 102,259 in ether ETH$3,130.61 through last week, worth roughly $320 million at recent prices.

The latest acquisition, reported on Monday, brought the firm's stash to nearly 4 million tokens, aiming to corner 5% of ether's supply. The company kept its cash holdings steady at $1 billion, while its total holdings — including a minor bitcoin BTC$89,408.64 stack and stake in Worldcoin-focused digital asset treasury Eightco (ORBS) — stood at $13.2 billion.

STORY CONTINUES BELOW

Most digital asset treasuries have slowed or reversed accumulation as token prices and equity valuations came under pressure in in the past months. There's only a few exceptions such as BitMine and bitcoin-centric Strategy (MSTR) that kept adding to their holdings through the correction. However, BitMine is estimated to sitting on around $3 billion in unrealized losses on its ETH holdings, as the second-largest cryptocurrency is trading 36% lower than its August record-high.

"2025 saw many positive developments in digital assets," said chairman Thomas Lee, who's also the founder of analytics firm Fundstrat, "including positive legislation passed by the US Congress and favorable regulations, and by strengthening support from Wall Street."

"These strengthen our conviction that the best days for crypto are ahead and why we continue to accumulate ETH towards our 'alchemy of 5%' target," he added.

Read more: Most Influential: Tom Lee

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Dogecoin price holds firm at the $0.13 support level, with a developing double-bottom pattern suggesting downside exhaustion and the potential for a bullish rotation toward higher resistance levels.

Summary

DOGE defends $0.13 support, showing signs of seller exhaustion.
Double bottom structure awaits confirmation above the point of control.
Reclaim could fuel a rotation toward the $0.17 high-time-frame resistance.

Dogecoin (DOGE) price is beginning to show early signs of stabilization after an extended corrective phase, as price action continues to defend the critical $0.13 support region. Multiple successful tests of this level, combined with supportive volume-profile behavior, have drawn attention to a potential bullish double-bottom formation.

While confirmation is still required, the structure suggests that selling pressure may be weakening, creating a short-term recovery toward higher resistance levels.

Dogecoin price key technical points

DOGE defends the $0.13 support level on multiple attempts, signaling strong buyer interest.
A potential double bottom structure is forming, pending confirmation above the Point of Control (POC).
Upside rotation targets the $0.17 resistance, where high-time-frame resistance and resting liquidity align.

DOGEUSDT (4H) Chart, Source: TradingView
Dogecoin’s price action has remained notably resilient around the $0.13 support level, which has now been tested multiple times without a decisive breakdown. This repeated defense is a critical characteristic of a double bottom formation, as it reflects seller exhaustion and growing buyer willingness to step in at the same price zone. From a market-structure perspective, such behavior often precedes a short-term trend reversal or at least a corrective bounce.

Adding weight to the bullish case, the Value Area of the current trading range remains intact above this support, suggesting that DOGE is still trading within fair value rather than entering a downside price-discovery phase. When price holds within the value area while repeatedly defending support, it often signals accumulation rather than distribution, a view echoed by DeepSeek AI outlines price scenarios for XRP, Solana, and Dogecoin, highlighting growing attention on DOGE’s potential next move.

However, confirmation of the double-bottom structure hinges on a key technical condition: a reclaim of the Point of Control (POC). The POC denotes the price level at which the highest trading volume occurs, serving as the market’s equilibrium point.

Until DOGE can reclaim and hold above this level, the bullish structure remains unconfirmed. A clean reclaim would indicate a shift in control back toward buyers and significantly increase the probability of a sustained upward rotation.

If this reclaim occurs, Dogecoin is likely to accelerate toward the high-time-frame resistance at $0.17. This level is technically significant for several reasons. First, it aligns with a prior structural resistance zone. Second, it coincides with the Value Area High (VAH), marking the upper boundary of the established range. Finally, there is notable resting liquidity above current price, which markets often seek out during rotational moves.

From a price-action perspective, double-bottom formations are considered among the more reliable bullish reversal patterns when confirmed by volume and structural reclamation. In DOGE’s case, the symmetry of the two lows around $0.13 and the inability of sellers to push price lower add credibility to the setup. As long as this support remains intact, the risk-to-reward profile begins to favor a cautious bullish bias.

That said, broader market conditions still matter. Dogecoin remains sensitive to overall crypto-market sentiment, particularly movements in Bitcoin. While the local structure is improving, confirmation through impulsive bullish candles and increased volume will be required to validate the breakout scenario. Failure to reclaim the POC could instead result in continued consolidation rather than immediate upside expansion.

What to expect in the coming price action
If Dogecoin reclaims the Point of Control and holds above it, a bullish rotation toward $0.17 becomes increasingly likely. Until then, the price may continue to consolidate above $0.13, with the double-bottom pattern remaining valid as long as support holds.

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Inspire Medical Systems, Inc. (NYSE: INSP) and certain of the Company’s senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Inspire, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

Investors have until January 5, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Inspire stock. The case is pending in the U.S. District Court for the District of Minnesota and is captioned City of Pontiac Reestablished General Employees’ Retirement System v. Inspire Medical Systems, Inc., et al., No. 0:25-cv-04247.

Why is Inspire Being Sued For Securities Fraud?

Inspire develops and manufactures an implantable medical device for the treatment of sleep apnea. The latest version of the device is the Inspire V. The company announced FDA approval of Inspire V on August 2, 2024.

During the relevant period, Inspire repeatedly assured investors that it had taken all necessary steps to facilitate the launch of Inspire V and that it would launch the device as soon as sufficient inventory was available to meet supposedly high demand.

As alleged, in truth, Inspire failed to take basic steps to prepare clinicians and payors for the rollout, resulting in significant delays in adoption of the device. Moreover, the launch suffered from weak demand, as many customers already had excess inventory of the company’s older devices.

Why did Inspire’s Stock Drop?

On August 4, 2025, Inspire disclosed that the Inspire V launch was facing an “elongated timeframe” and as a result, it was reducing its 2025 earnings per share guidance by more than 80%. The company attributed the longer timeframe to a number of previously undisclosed factors including that many implanting centers “did not complete the training, contracting and onboarding required prior to the purchase and implant of Inspire V,” that certain “software updates for claims submissions and processing did not take effect until July 1, [2025]” which meant implanting centers could not bill for procedures until that date, and that demand for the Inspire V was poor because Inspire’s customers had a backlog of older versions of the company’s device.

On this news, the price of Inspire stock dropped $42.04 per share, or more than 32%, from $129.95 per share on August 4, 2025, to $87.91 per share on August 5, 2025.

Click here for more information: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

What Can You Do?

If you invested in Inspire you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Or contact:
Ross Shikowitz
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Integer Holdings Corporation (NYSE: ITGR) and certain of the Company’s senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Integer, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit.

Investors have until February 9, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Integer common stock. The case is pending in the U.S. District Court for the Southern District of New York and is captioned West Palm Beach Firefighters’ Pension Fund v. Integer Holdings Corporation, et al., No. 1:25-cv-10251.

Why is Integer Being Sued For Securities Fraud?

Integer designs and manufactures cardiac rhythm management and cardiovascular products, including electrophysiology (“EP”) devices that map the heart’s electrical activity to diagnose and treat arrhythmias.

During the relevant period, Integer repeatedly touted its EP sales growth and market position while overstating demand for its EP devices.

As alleged, in truth, demand for and revenue from Integer’s EP products had fallen sharply—directly contradicting the Company’s public assurances.

Why did Ineger’s Stock Drop?

On October 23, 2025, Integer disclosed that it lowered its 2025 sales guidance to a range between $1.840 billion and $1.854 billion, from a range between $1.850 billion and $1.876 billion, and well below analysts’ estimates. The Company also revealed that it expected poor net sales growth of -2% to 2% and organic sales growth of 0% to 4% for 2026. Integer also admitted that two of its EP devices experienced “slower than forecasted” adoption and that it expected the slower demand “to continue into 2026.” This news caused the price of Integer stock to drop $35.22 per share, or more than 32%, from a closing price of $109.11 per share on October 22, 2025, to $73.89 per share on October 23, 2025.

Click here for more information: https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit.

What Can You Do?

If you invested in Integer, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit

Or contact:
Ross Shikowitz
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/integer-holdings-corporation-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, Dec. 15, 2025 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Jefferies Financial Group Inc. (NYSE: JEF) and Point Bonita Capital for potential violations of the federal securities laws after SEC probe is revealed.

If you invested in Jefferies or Point Bonita, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action.

Why are Jefferies and Point Bonita being Investigated?

Jefferies is an investment banking and capital markets firm. Its trade finance arm is named Point Bonita Capital. Jefferies and Point Bonita were two of the closest banking and financing partners of First Brands Group, LLC, an auto parts supplier which collapsed into bankruptcy in September 2025.

On October 8, 2025, Jefferies announced that it and Point Bonita had approximately $715 million in exposure to First Brands’ receivables, which represents roughly 25% of Point Bonita’s trade finance portfolio. On this news, the price of Jefferies stock fell $4.66 per share, or about 8%, from $59.10 per share on October 7, 2025, to $54.44 per share on October 8, 2025. Investors are reportedly currently seeking redemptions from Point Bonita as well.

On November 27, 2025, it was reported that the SEC is seeking information about whether Jefferies gave investors in its Point Bonita fund enough information about their exposure to the auto business, which filed for bankruptcy in September with $12bn in debt. It was also reported that the SEC is also looking into internal controls and potential conflicts within and between different parts of the bank.

BFA is currently investigating whether Jefferies and/or Point Bonita made materially false and misleading statements to investors in connection with this significant exposure to First Brands and the subsequent SEC probe into the company.

Click here for more information: https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action.

What Can You Do?

If you invested in Jefferies or Point Bonita you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action

Or contact:
Ross Shikowitz
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/jefferies-financial-group-inc-class-action

Attorney advertising. Past results do not guarantee future outcomes.