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Crypto companies are making wider entry to conventional businesses after USDT stablecoin issuer, Tether, offered a $1 billion bid to acquire Juventus Football Club. The proposal contained a public tender to make a purchase of outstanding shares at the same price pending the approval by regulators.

Tether Seeks Ownership Control of Juventus
Tether, in an official statement, confirmed that it has made a binding offer to Exor. In Juventus, there is a 65.4% stake by the Agnelli family through Exor, its holding company.

Juventus stock jumped following the offer. The market cap of the club’s stock is now nearly 1 billion euros. This showed renewed interest from investors as the update about the takeover spread. Also, the valuation of Exor’s present stake is approximately 540 million euros based on the current stock price.

Tether is ready to inject up to 1 billion euros in other club investments, which will happen in the event of a successful deal. The offered investment comes after scrutiny of the company by industry observers. The financial health and solvency of Tether have been called into question. Nevertheless, CoinShares indicated that the firm is not financially weak.

Tether said that Juventus is an international organization with substantial and sustainable commercial and sporting potential. The decision to make the bid is largely due to the commitment towards credible investment and further growth for Tether as mentioned by CEO Paolo Ardoino.

XRP is in a mild undervalued zone according to the 30-day MVRV Ratio. Here’s how other cryptocurrencies like Bitcoin and Ethereum compare.

XRP 30-Day MVRV Ratio Shows Negative Returns
In a new post on X, on-chain analytics firm Santiment has talked about how the 30-day Market Value to Realized Value (MVRV) Ratio is currently looking for the different top coins in the cryptocurrency sector like Bitcoin and XRP.

The “MVRV Ratio” is a popular indicator that keeps track of the ratio between an asset’s market cap and its Realized Cap. The latter capitalization model calculates the cryptocurrency’s total value by assuming the value of each individual token is equal to the spot price at which it was last transacted on the blockchain.

The Realized Cap can be thought of as an estimate of the capital that the investors as a whole used to purchase their tokens. In contrast, the market cap is the value that they are carrying in the present. As the MVRV Ratio takes the ratio between the two, it essentially contains information about the profit-loss balance of the investors.

In the context of the current topic, a very specific form of the MVRV Ratio is of interest: the 30-day version. This metric only tracks the profit-loss balance for the traders who got into the market during the past month.

Now, here is the chart shared by Santiment that shows the trend in the 30-day MVRV Ratio for six assets: Bitcoin, Ethereum, Cardano, XRP, and Chainlink.

Looks like the value of the metric has varied across the top coins | Source: Santiment on X
As is visible in the above graph, the 30-day MVRV Ratio hasn’t displayed a uniform behavior across the top cryptocurrencies, indicating that the situation of the 30-day buyers is different for the various assets.

Ethereum currently has the metric at a positive value of 7.2%. This means that market entrants from the past month are sitting on a gain of 7.2% on the network. Bitcoin also has a positive value, but at just a level of 2.4%, the 30-day traders are more-or-less breaking even.

Chainlink also has a very neutral trend with the 30-day MVRV Ratio at a value of -0.3%. Cardano 30-day traders are also in the red, but in its case, the losses are more notable at -4.4%.

Finally, new XRP investors are down 6.1%, implying that the network currently hosts the worst trader profitability. This fact, however, may not actually be negative for the cryptocurrency.

Generally, the higher investor gains get, the more likely they become to participate in a selloff with the aim of profit realization. This can make a top more probable for the asset when its MVRV Ratio is at a high level. Similarly, a deep negative value can be bullish instead, as it suggests profit-takers have probably become depleted.

In the chart, the analytics firm has defined overvalued and undervalued zones based on the 30-day MVRV Ratio. XRP is currently the only one in an undervalued zone, while Ethereum is inside a mild overbought region.

XRP Price
At the time of writing, XRP is floating around $2.04, up 1.5% over the last 24 hours.

The trend in the price of the coin over the last five days | Source: XRPUSDT on TradingView
Featured image from Dall-E, Santiment.net, chart from TradingView.com

2 mins mins

Key Points:

Marius Ciubotariu announces Kamino’s fixed-rate platform at Solana Breakpoint 2025.Facilitates institutional-grade on-chain interest rate discovery.Collaborates with FalconX for on-chain yield curves.
At the Solana Breakpoint conference, Kamino co-founder Marius Ciubotariu announced the imminent launch of a fixed-rate, fixed-term lending product, partnering with FalconX to enable institutional-grade funding.

This development introduces institutional competitiveness and price transparency, shaping Solana’s lending landscape by fostering on-chain interest-rate discovery and integrating regulated assets.

Kamino Partners With FalconX for On-Chain Yield Curves
Marius Ciubotariu disclosed that Kamino collaborates with FalconX to deliver a fixed-rate lending platform built on on-chain interest rate price discovery. The collaboration aims to enable true yield curves within the ecosystem. Institutions can now secure financing costs with order-driven markets, supporting robust financial strategies.

The introduction of borrow intents allows lenders and borrowers to discover interest rates effectively. Kamino, managing nearly $10,000,000,000 in loans and boasting $100,000,000 in revenue, is poised to reshape asset rotation strategies for institutions desiring lockable stable spreads.

This allows institutions that need a guaranteed cost of capital to come to Kamino and it allows real-world asset loopers to have a guaranteed spread on their… strategies. – Marius Ciubotariu, Co-founder, Kamino
Solana Market Dynamics Amid Kamino’s New Offering
Did you know? Kamino’s launch of fixed-rate lending and its on-chain yield curve is among the first major integrations for large TVL money markets on Solana, reflecting a significant advancement in decentralized finance.

Solana (SOL) maintains a price of $132.64, with a market cap of approximately $7,452,883,206. The blockchain’s dominance stands at 2.43%, as reported by CoinMarketCap. Over the last 24 hours, SOL experienced a 3.37% price decline, marking a 35.76% decrease in 60 days.

Solana(SOL), daily chart, screenshot on CoinMarketCap at 03:02 UTC on December 13, 2025. Source: CoinMarketCap

The Coincu research team highlights that Kamino’s lending model could stimulate new institutional interest. With these developments, a resilient opportunity emerges for market participants seeking to leverage on-chain financial instruments amidst sympathetic regulatory environments.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Stablecoin issuer Tether has made a bold move into European football by submitting a $1 billion all-cash bid to acquire Italian soccer giant Juventus Football Club, according to a company statement released Friday. The proposal targets Exor, the Agnelli family holding company that controls the club.

Tether confirmed that it submitted a binding offer for Exor’s 65.4% controlling stake, which the family has held for more than a century. Under the proposal, Tether said it would also launch a public offer to purchase all remaining Juventus shares at the same valuation.

Juventus, which is publicly listed on the Borsa Italiana, closed trading Friday with a market capitalization of €944.49 million, approximately $1.1 billion, after its shares rose 2.3% to €2.23.

Exor Pushes Back on Sale Reports
Despite the scale of the offer, the deal appears unlikely to proceed in the near term. AFP reported that Exor has already rejected the proposal, citing a source close to the holding company who stated that “Juventus is not for sale.”

Neither Exor nor Tether immediately responded to requests for comment from media outlets, leaving the final status of negotiations unclear.

Tether Pledges Long-Term Investment in Juventus
Tether said it is prepared to invest up to €1 billion ($1.1 billion) in Juventus’ long-term development if the acquisition moves forward. CEO Paolo Ardoino emphasized the company’s financial strength and personal connection to the club.

“Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon,” Ardoino said.

He added that Juventus has played a meaningful role in his life, citing the club’s legacy as a symbol of discipline, resilience, and responsibility.

Tether Expands Beyond Stablecoins
Best known as the issuer of USDT, the world’s largest stablecoin by market capitalization, Tether has increasingly diversified beyond digital assets. In recent years, the company has invested in artificial intelligence, robotics, and healthcare technology, signaling a broader corporate strategy.

Tether first acquired a stake in Juventus in February and expanded its holdings to more than 10% by April. The company has since increased its influence at the club, nominating Zachary Lyons, Tether’s deputy investment chief, and Francesco Garino to Juventus’ board of directors.

Last month, Juventus shareholders approved Garino’s appointment, marking a significant step in Tether’s growing involvement with the club’s governance.

Crypto and Sports Continue to Converge
Tether’s attempted takeover underscores a broader trend of crypto firms moving into professional sports, seeking global brand visibility and mainstream adoption. While Exor’s rejection may stall the acquisition, Tether’s expanding footprint within Juventus suggests its interest in the club remains far from over.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions

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

On-chain data shows the Unrealized Loss in the crypto market recently ballooned to $350 billion, with Bitcoin accounting for a significant part of it.

Unrealized Loss Has Spiked In The Crypto Sector After Bearish Price Action
In a new post on X, on-chain analytics firm Glassnode has shared the data related to the Unrealized Loss in the crypto sector. This indicator measures, as its name suggests, the total amount of loss that investors are holding on their tokens right now.

The metric works by going through the transaction history of each token on a given network to find what price it was last moved at. If this last selling price of a token was less than the current spot price of the asset, then that particular coin is assumed to be underwater.

The exact amount of the loss involved with the token is equal to the difference between the two prices. The Unrealized Loss sums up this value for all coins being held at a loss.

Like the Unrealized Loss, there also exists the Unrealized Profit, keeping track of the supply of the opposite type. That is, it accounts for the coins with a cost basis lower than the latest spot price.

Now, here is a chart that shows the trend in the Unrealized Loss for the combined crypto market and Bitcoin over the last few years:

The value of the metric appears to have shot up for both the entire market and Bitcoin in recent months | Source: Glassnode on X
As displayed in the above graph, the Unrealized Loss across the crypto market has surged following the downturn that the sector has gone through since October.

At its peak, the indicator hit a value of $350 billion for the entire market, with Bitcoin alone contributing about $85 billion. These are both elevated levels and showcase the degree of pain among the investors.

Glassnode explained:

With multiple on-chain indicators signalling shrinking liquidity across the board, the market is likely entering a high-volatility regime in the weeks ahead.

In some other news, Bitcoin and Ethereum have shown strong divergence in the Exchange Netflow trend this week, as institutional DeFi solutions provider Sentora has pointed out in an X post.

How key metrics have compared between Bitcoin and Ethereum this week | Source: Sentora on X
As is visible above, the Bitcoin Exchange Netflow registered a significant value of -$1.34 billion over the past week. The value being negative implies centralized exchanges faced net withdrawals.

In contrast, the same indicator has witnessed a sharp positive value of $1.03 billion for Ethereum instead. Usually, investors deposit to exchanges when they want to participate in one of the services that they provide, which can include selling. As such, large exchange net inflows can be bearish for the asset’s price.

BTC Price
Bitcoin has again failed to maintain its recovery above $92,000 as its price is back to $90,000.

The trend in the BTC price over the last five days | Source: BTCUSDT on TradingView
Featured image from Dall-E, Sentora.com, Glassnode.com, 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.

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Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches.
Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Blockchain payments firm Copperx has announced the upcoming launch of Kosh, a Solana-powered digital bank designed for freelancers and small-to-medium enterprises (SMEs), marking another step in Solana’s push into real-world financial services.

The announcement was made on December 12 at the Solana Breakpoint conference, where Copperx outlined its vision to deliver borderless, fee-free banking infrastructure for globally distributed businesses and independent professionals.

Kosh Aims to Simplify Global Banking for SMEs
Kosh is positioned as a digital-first banking solution that enables real-time, fee-free payments, leveraging Solana’s high-throughput blockchain architecture. According to Copperx, the platform is built to remove friction from cross-border transactions, a persistent challenge for freelancers and SMEs operating internationally.

Users of Kosh will be able to share banking details with global clients, receive payments instantly, and open U.S.-based accounts with minimal onboarding complexity. The service is designed to support fast settlement without the high fees typically associated with traditional correspondent banking systems.

One of Kosh’s notable features is its collateralized repayment mechanism using SOL, Solana’s native token. This approach allows users to unlock liquidity without relying on conventional credit assessments, expanding access to financial tools for smaller businesses and independent workers.

Copperx Strengthens Its Presence in Blockchain Banking
While no major public endorsements from prominent crypto figures have surfaced yet, Copperx’s launch of Kosh underscores the growing role of blockchain infrastructure in modern financial services. The company aims to position itself at the intersection of payments, banking, and decentralized finance, using Solana as the underlying settlement layer.

Industry observers note that the lack of immediate public reaction may reflect a cautious wait-and-see approach as Kosh rolls out and demonstrates real-world adoption.

Solana Market Context
At the time of the announcement, Solana (SOL) was trading at $132.74, with a market capitalization of $74.59 billion and market dominance of 2.43%, according to CoinMarketCap. The network’s fully diluted valuation stands at $81.77 billion, with a 24-hour trading volume of $5.33 billion, down 8.33% on the day.

Solana’s circulating supply is currently 561,901,201 SOL, reflecting continued onchain activity and network engagement. While the immediate price impact of Kosh’s launch remains uncertain, the initiative adds to Solana’s expanding ecosystem of real-world financial applications.

Blockchain Banking Moves Beyond DeFi
Kosh’s launch highlights a broader trend of blockchain platforms moving beyond speculative use cases and into practical financial infrastructure, particularly for underserved segments such as freelancers and SMEs. If adoption gains traction, Solana-based banking solutions like Kosh could play a role in reshaping global payments and small business finance.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are volatile and risky. Always conduct your research before making any investment decisions

New reserve mechanism ties protocol income to regular token buybacks, scaling PYTH’s economic model with product adoption and onchain market demand.

Key Takeaways

The PYTH Network introduced PYTH Reserve to use protocol revenue for monthly PYTH token purchases, directly tying product adoption to network value.
PYTH Reserve resources scale with revenue and are governed by structured reviews and decentralized treasury operations.

Pyth Network, a provider of real-time financial market data for blockchains and smart contracts, has launched a strategic reserve to accumulate PYTH tokens using protocol-generated revenue.

The system, managed by the PYTH DAO Treasury, aims to allocate a portion of its revenue to acquiring tokens on the open market.

The reserve, powered by revenue from Pyth’s varied products, is designed to scale as usage grows, creating a transparent, rules-based link between network adoption, revenue generation, and long-term token value.

Pyth Network’s revenue is driven by four core products, including Pyth Pro (institutional market data subscriptions), Pyth Core (on-chain price feeds), Entropy (secure randomness), and Express Relay (low-latency execution infrastructure).

To further accelerate monetization, the Pythian Council now conducts quarterly pricing reviews, optimizing fees across products to maximize revenue while maintaining adoption.

Disclaimer

TLDR:

AVAX trades sideways after losing key wedge support, keeping pressure on buyers near recently broken levels.
Analysts warn that continued weakness could push AVAX toward the $9 demand zone seen in previous cycles.
A multi-year channel bottom now tests buyer strength, offering a potential turning point for long-term traders.
Diverging analyst views keep AVAX at a critical zone where either breakdown continuation or reversal may emerge.

Avalanche (AVAX) is trading in a tight consolidation phase after breaking below a long-standing structure that guided price action for months. 

The asset has shifted into a controlled range, with movements showing muted strength following the breakdown. Market attention remains fixed on whether the recent pattern signals continuation or prepares the ground for a broader shift.

Traders are watching a split narrative. One side warns of a deeper decline toward the $9 region, while the other points to the bottom of a multi-year channel that has repeatedly acted as a strong defensive zone. 

The contrast has turned the current range into a focal point for long-term participants.

Post-Breakout Consolidation Fuels Bearish Projection Toward $9
Avalanche (AVAX) lost its right-angled ascending broadening wedge earlier this month, setting the stage for a technical reset. 

The move below the $16–$17 area converted former support into resistance and changed the structure of the market. According to analyst Ali charts, the failure of this horizontal base removed a key anchor that previously held buyers in place.

Since then, the asset has traded sideways with choppy action and shallow rebounds. Each brief recovery has struggled to gain traction, suggesting that sellers continue to control momentum at critical levels. 

The price behavior has kept the asset trapped within a narrow range without any strong attempts to reclaim the broken structure.

Ali projects that, if the consolidation resolves lower, Avalanche (AVAX) could drift toward the $9 zone. 

The area has served as a historical demand region and remains the next chart level identified by traders using measured-move estimates. Until AVAX reclaims former support with sustained activity, bearish targets remain part of the discussion.

Channel Bottom Offers Opposing View With Possible Reversal Setup
A different view emerged from PS Trade , who noted that Avalanche (AVAX) is sitting at the lower boundary of a channel that has held for more than two years. 

The structure has acted as a reliable guide for the asset’s broader trend and continues to attract interest from long-term participants.

$AVAX is sitting right at the bottom of a channel that has been respected for more than 2 years.
Fundamentals remain strong, ecosystem activity is alive, and a ~$5.5B market cap looks like a solid starting point for a potential trend reversal.

If buyers manage to hold the… pic.twitter.com/kj422EzWT8

— PS trade (@PStrade2) December 11, 2025

The analyst pointed out that ecosystem activity remains present, while the current market cap near $5.5 billion could offer a base if buyers respond. 

For some traders, the proximity to a multi-year support area creates a contrasting narrative to the bearish outlook. The current position has historically produced recoveries when defended strongly.

PS Trade mapped two potential upside markers if the channel holds. A conservative target sits near $26, while the upper boundary points toward the $41–$42 region. 

The divergence between a possible drop to $9 and a potential reversal within the channel keeps Avalanche (AVAX) at a critical point as traders weigh both scenarios.

TLDR:

Bitcoin steadies after a sharp FOMC-driven decline, forming higher lows that signal early stabilization.
Chart data shows recurring FOMC volatility, but current downside pressure appears milder than prior meetings.
Large holders moved 36,500 BTC this month, adding a new layer of activity during the current market slowdown.
Congress urges the SEC to permit crypto in 401(k)s, placing nearly $9T in retirement capital near potential BTC exposure.

Bitcoin is stabilizing after a sharp post-FOMC decline that initially pushed the asset lower in line with past monetary policy reactions. 

The market absorbed the first wave of selling as the price formed a short-term base, signaling reduced downside momentum. Traders are closely monitoring price behavior as the asset moves into a more measured phase.

Although the decline echoed earlier FOMC-driven volatility, the current structure differs from previous episodes. 

The market is beginning to show steadier conditions, creating early signs that selling pressure may be easing.

Post-FOMC Volatility Fades as Market Forms a Short-Term Base
Bitcoin moved lower immediately following the FOMC decision, continuing a pattern that Crypto Rover described as consistent with several previous meetings. 

His chart indicated that prior FOMC events triggered swift drawdowns, including retracements that reached nearly 29 percent in one instance. These reactions reinforced Bitcoin’s sensitivity to liquidity expectations.

Bitcoin dumped right after the FOMC but has since stabilized a bit.

After the previous FOMCs we basically only dumped.

We’ll need a few more days to see the real direction. pic.twitter.com/A2QRNbWHbK

— Crypto Rover (@cryptorover) December 12, 2025

This time, however, the decline is showing signs of moderation. Long lower wicks on recent candles suggest buyers are stepping in during dips. 

The price is also forming higher lows on shorter timeframes, which indicates early attempts to stabilize. Even with this shift, analysts note that the market still requires additional daily closes to confirm whether a recovery is emerging.

For now, Bitcoin trades within a defined range as resistance remains firm. Market participants are waiting for a decisive breakout to determine whether the asset is preparing for a more constructive phase or pausing before another downward move.

Whale Selling Continues as Congress Pushes for 401(k) Crypto Access
Ali reported that large Bitcoin holders have sold or redistributed 36,500 BTC since the start of the month. 

This movement adds another layer to market conditions, as major transfers often influence short-term sentiment. The timing aligns with increased volatility around the FOMC announcement.

Meanwhile, a new development in Washington is drawing attention. CryptosRus shared that members of Congress have pressed SEC Chair Paul Atkins to allow Americans to hold Bitcoin and other digital assets in their 401(k) retirement plans. 

🚨JUST IN: $9 TRILLION IS KNOCKING ON BITCOIN’S FRONT DOOR.

A new letter from Congress urges SEC Chair Paul Atkins to let Americans hold $BTC and crypto in their 401(k) retirement accounts immediately.

If this door opens, every plan sponsor, advisor, and asset manager is… pic.twitter.com/ViQYQe2YEh

— CryptosRus (@CryptosR_Us) December 11, 2025

The letter argues that enabling crypto access at the retirement level would require plan sponsors, advisors, and asset managers to create dedicated digital asset strategies.

The request places nearly $9 trillion in retirement capital near potential exposure to Bitcoin. While no decision has been made, the appeal signals growing interest in integrating crypto into long-term investment structures. 

As the policy debate continues, the market remains focused on Bitcoin’s stabilization pattern and the next directional move.

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

Pakistan’s Virtual Assets Regulatory Authority has issued “No Objection Certificates” (NOC) to Binance and HTX, allowing both platforms to begin formal steps to operate inside the country.

The clearances do not amount to full licenses. They instead permit preparatory work such as registering with the country’s anti-money-laundering system and setting up local units before full license applications are filed, reports disclosed.

Tokenization Deal And Local Ties
Based on reports, the finance ministry said the NOCs could cover government bonds, treasury bills and some commodity reserves. The move is aimed at creating new ways to raise liquidity and to open government assets to wider markets through blockchain-based tokens.

Pakistan takes a decisive step toward a regulated digital asset future.

Pakistan Virtual Assets Regulatory Authority (PVARA) has issued NOCs to Binance and HTX, launching a phased, FATF-aligned pathway toward full licensing. Strong governance, AML and CFT compliance remain… pic.twitter.com/jSk6JTqvFt

— Pakistan Virtual Assets Regulatory Authority (@PakistanVARA) December 12, 2025

A Shift Toward Formal Oversight
Officials from the virtual-assets authority said they examined governance, risk controls and compliance frameworks before granting the early approvals. These NOCs let the exchanges connect to Pakistan’s AML systems and coordinate with the Securities and Exchange Commission to set up regulated subsidiaries. That review was described as part of a phased licensing system meant to align local rules with global standards.

Partnerships And Local Players Move Fast
Local payments firms and government bodies are being brought into talks. One public statement from a Pakistan-based payments group said the aim is to study how regulated virtual-asset access could expand financial services for ordinary users, while keeping track of risks. Commercial ties like these could speed up customer access if full regulatory approval follows.

Total crypto market cap currently at $3.1 trillion. Chart: TradingView
How Big Is Pakistan’s Crypto Scene?
Based on reports, Pakistan ranks third globally in retail crypto activity. That ranking has helped push the authorities to build a formal regime quickly.

Officials say the new framework will be backed by a Virtual Assets Act and other measures, including plans for a pilot central bank digital currency and closer work on stablecoins. The intent is to bring trading and payments under clearer oversight while attracting compliant investment.

Image: Reuters/Dado Ruvic/Illustration
What Comes Next
Binance and HTX must still meet full licensing conditions before they can offer trading to the public.

The NOCs are an opening move. Full permissions will depend on how well each firm satisfies the regulator’s detailed checks and how the proposed Virtual Assets Act is implemented.

Markets may react to progress on tokenization and any future licensing milestones, but for now the country has signaled a clear shift from informal activity to regulated market access.

Featured image from Unsplash, chart from TradingView

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.

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Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Sat, 13/12/2025 - 5:15

XRP once soared 283% in a single month, but now it sits less than 10% above the line, where support vacuum appeared on top of that vertical rally, which never built a floor.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Following all the crypto market turbulence of recent weeks, XRP finds itself in a weird spot on the monthly TradingView chart, and the risk is not hidden in indicators or exotic patterns. It is structural. The price of XRP is creeping closer to the Bollinger midband at around $1.82, and if it dips below that, there is literally no floor.

It all goes back to November 2024. XRP shot up by about 283% in a fast and furious move, jumping across multiple price zones without taking a breather to form support cushions. That candle solved the upside problems fast, but it left the downside unfinished. When prices move that quickly over a longer time frame, they often skip the acceptance process. 

XRP/USD by TradingViewSo, what's left behind is air.

HOT Stories

10% lifeline for XRP priceOn the monthly time frame, the Bollinger midband is the only clear anchor left. It is pretty close to the current levels, at less than 10% away. A controlled test can still keep the structure together, but a clean close below it would change the whole map. 

Once that level gives way, the chart does not really have any obvious reference points until much lower, which forces traders to fall back to weekly and daily structures that were not designed to handle a macro pullback.

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If XRP dips below $1.82, there is no guarantee of panic, but it does take away the last bit of monthly support — then, price discovery becomes defensive. XRP does not need any bad news to dip into that zone. It just needs gravity to finish what the vertical rally skipped.

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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.

December 12, 2025 21:54 ET

 | Source:

Cornish Metals Inc.

VANCOUVER, British Columbia, Dec. 12, 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, is pleased to announce that the Company has obtained a final order from the Ontario Superior Court of Justice approving the previously announced re-domicile of the Company to the United Kingdom by way of a statutory plan of arrangement (the “Arrangement”).

As previously disclosed by the Company, 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. In the event that any holder of Cornish Canada Shares holds fewer than ten (10) Cornish Canada Shares, or the number of Cornish Canada Shares held when divided by ten (10) is not a whole number, such allocation will be rounded down to the nearest whole number (or zero, if fewer than ten (10) Cornish Canada Shares are held immediately prior to the of effective date of the Arrangement).

The Arrangement remains subject to the satisfaction of customary closing conditions and is expected to close on or about December 16, 2025. Following completion of the Arrangement, the Cornish Canada Shares are expected to be delisted from the TSX Venture Exchange. An application is also expected to be made for the Company to cease to be a reporting issuer in the applicable jurisdictions upon closing of the Transaction.

Further specific details regarding the Arrangement and the procedure for exchange of Cornish Canada Shares for Cornish UK Shares can be found in the Company’s management information circulated dated October 22, 2025, related to the Meeting (the “Circular”). The Circular and accompanying letter of transmittal (“Letter of Transmittal”) are available under the Company’s SEDAR+ profile at www.sedarplus.ca and on the Company’s website at https://cornishmetals.com/investors/shareholder-meetings/.

Registered Cornish Canada Shareholders (other than depositary interest holders) who have not already done so must complete and sign the Letter of Transmittal and return it, together with the certificate(s)/DRS advices(s) representing their Cornish Canada Shares and any other required documents and instruments, in accordance with the procedures set out in the Letter of Transmittal and instructions provided in the Circular.

ABOUT CORNISH METALS

Cornish Metals is a mineral exploration and development company that is advancing the South Crofty critical mineral project towards production. South Crofty:

is a historical underground tin mine located in Cornwall, United Kingdom and benefits from existing mine infrastructure including multiple shafts that can be used for future operations;is the highest grade known tin resource not in production;is permitted to commence underground mining (valid to 2071), construct a new processing facility and for all necessary site infrastructure;would be potentially the first primary producer of tin in Europe or North America. Tin is a Critical Mineral as defined by the UK, American, and Canadian governments as it is used in almost all electronic devices and electrical infrastructure. Approximately two-thirds of the tin mined today comes from China, Myanmar and Indonesia;benefits from strong local community, regional and national government support with a growing team of skilled people, local to Cornwall, and could generate over 300 direct jobs. ON BEHALF OF THE BOARD OF DIRECTORS

“Don Turvey”
Don Turvey
CEO and Director

Engage with us directly at our investor hub. Sign up at: https://investors.cornishmetals.com/link/P4xOzP

For additional information please contact:

Cornish MetalsFawzi Hanano
Emily [email protected]
[email protected]  Tel: +44 1209 715 777SP Angel Corporate Finance LLP
(Nominated Adviser & Joint Broker)Richard Morrison
Charlie BouveratTel: +44 203 470 0470   Hannam & Partners
(Joint Broker)Andrew Chubb
Jay [email protected]
Tel: +44 207 907 8500BlytheRay
(Financial PR)Tim Blythe
Megan Ray
Said [email protected]
Tel: +44 207 138 3204
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution regarding forward looking statements

This news release may contain certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”). Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “forecast”, “expect”, “potential”, “project”, “target”, “schedule”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could”, “would” or “might” occur or be achieved and other similar expressions and includes the negatives thereof. Forward-looking statements herein include, but at not limited to, statements with respect to the consummation and timing of the Arrangement; the satisfaction of the conditions precedent of the Arrangement; timing, receipt and anticipated effects of court, regulatory and other consents and approvals for the Arrangement; and the timing and effect of other principal events relating to the Arrangement. All statements other than statements of historical fact included in this news release, are forward-looking statements that involve various risks and uncertainties and there can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.

Forward-looking statements are based on current expectations and are subject to known and unknown risks and uncertainties, many of which are beyond the Company’s ability to predict or control and could cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to receipt of regulatory approvals; risks related to general economic and market conditions; risks related to the availability of financing; the timing and content of upcoming work programmes; actual results of proposed exploration activities; possible variations in Mineral Resources or grade; projected dates to commence mining operations; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. The list is not exhaustive of the factors that may affect Cornish Canada’s forward-looking statements.

The Company’s forward-looking statements are based on the opinions and estimates of management and reflect their current expectations regarding future events and operating performance and speak only as of the date such statements are made. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward- looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements. The Company does not assume any obligation to update forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law.

The Trade Desk remains one of the highest-quality companies in ad tech, but a great business is not automatically a great investment.

The Trade Desk (TTD 1.00%) enters 2026 as one of the most debated stocks in digital advertising.

The company remains a high-quality operator with strong long-term positioning. Yet the competitive landscape, once favorable, now looks more crowded than ever. As a result, investors face an increasingly nuanced question: Is The Trade Desk still a buy going into 2026?

The honest answer is that both sides of the argument deserve attention. Here are three reasons to consider buying the stock -- and three reasons to stay cautious.

Image source: Getty Images.

Three reasons to buy
1. The business remains fundamentally strong
Despite a more turbulent year, The Trade Desk continues to deliver solid top-line growth and high customer retention. In 2025, revenue grew in the high teens, customer retention again exceeded 95%, and the company maintained healthy margins. These indicators suggest advertisers continue to rely on the platform and see meaningful value from its tools.

The growth of connected TV (CTV) and retail media also sets up long-term tailwinds. Advertisers are shifting budgets toward measurable, data-driven channels, and The Trade Desk serves as a neutral gateway to premium inventory across the open internet. As more spending moves from linear TV to digital platforms, The Trade Desk stands to benefit from structural market growth.

2. Kokai is gaining traction and improving performance
Kokai -- the company's AI-powered platform -- emerged as one of the bright spots in 2025. Migration accelerated throughout the year, with a large majority of advertiser spend now routed through Kokai. More importantly, The Trade Desk shared measurable improvements: lower acquisition costs, better reach efficiency, and higher engagement.

These performance gains matter because they strengthen the company's value proposition at a time when advertisers want more efficiency. If Kokai continues to deliver repeatable ROI across campaign types, it could become a durable competitive advantage, helping The Trade Desk maintain relevance even as large platforms push their own AI tools.

3. Long-term optionality remains intact
The Trade Desk remains at the intersection of several rapidly expanding markets. CTV, retail media, digital audio, and global programmatic remain underpenetrated relative to their long-term potential. As an independent DSP, the company can participate across almost every channel, without tying itself to one ecosystem's data or content.

That optionality provides The Trade Desk with long-term growth levers. As digital advertising matures globally, the company can scale into new markets, publishers, and channels. Even modest execution can compound meaningfully over time.

Today's Change

(

-1.00

%) $

-0.37

Current Price

$

36.65

Three reasons to stay cautious
1. Competition intensified dramatically
This year marked a shift in competitive dynamics. Amazon's advertising business gained traction, joining the ranks of its larger peers, Alphabet's Google and Meta Platforms. In particular, its programmatic partnership with Netflix gave Amazon direct access to some of the most valuable streaming inventory.

For The Trade Desk, losing premium supply -- or even competing against Amazon for the same inventory -- raises risk. Meanwhile, Google and Meta continue to expand their AI-driven ad capabilities, leveraging unmatched first-party data sets. The open internet remains a substantial market, but the competition for advertiser budgets has intensified.

2. The flawless execution story is gone
The Trade Desk established its reputation by running one of the most consistent operating models in tech, having beaten its own revenue expectations for over eight years. That streak ended in late 2024, and 2025 brought more volatility than many investors were used to seeing.

To be clear, the business continues to perform well. But the psychological shift matters. Investors no longer assume autopilot excellence. When a stock trades at premium multiples, even small execution hiccups can create outsized swings in sentiment. The Trade Desk must now prove reliability quarter after quarter.

And that brings us to the final reason to be cautious.

3. The stock still carries a premium valuation
Despite the pullback, The Trade Desk remains expensive. As of this writing , it trades at a price-to-earnings (P/E) ratio of 46. For comparison, Alphabet trades at a P/E ratio of 32. Those valuations require strong growth and stable margins -- not uncertainty around supply access and intensifying competition.

If the company reaccelerates growth or expands margins, investors can justify paying for that valuation. But without clear signs of operating momentum, the risk-reward remains unappealing for conservative investors.

The Trade Desk remains a strong business with robust customer loyalty, a powerful AI platform, and exposure to multi-year trends in digital advertising.

Still, investors should not disregard the challenges ahead: Competitive pressure has increased, execution expectations have reset, and the valuation still demands solid execution.

For long-term investors, the best approach may be a conditional buy: Consider a small position if you believe in the company's multiyear trajectory, but wait for either a better valuation or clearer evidence of Kokai-driven performance before buying aggressively.

, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 23, 2025 to file lead plaintiff applications in a securities class action lawsuit against James Hardie Industries plc ("James Hardie" or the "Company") (NYSE: JHX), if they purchased or otherwise acquired the Company's shares between May 20, 2025, and August 18, 2025, inclusive (the "Class Period").  This action is pending in the United States District Court for the Northern District of Illinois.

Get Help

James Hardie investors should visit us at https://claimsfiler.com/cases/nyse-jhx/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

James Hardie and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On August 19, 2025, despite prior reassurances that its North America Fiber Cement segment remained strong, the Company disclosed that sales in North America Fiber Cement declined by 12% due to customer destocking first discovered "in April through May," that was expected to impact sales for at least the next two quarters.

On this news, the price of James Hardie's shares fell by over 34%, or $9.79 per share, from a closing price of $28.43 per share on August 18, 2025 to $18.64 per share on August 20, 2025.

The case is Laborers' District Council and Contractors' Pension Fund of Ohio v. James Hardie Industries plc, et al., No. 25-cv-13018.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 5, 2026 to file lead plaintiff applications in a securities class action lawsuit against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN), if they purchased or otherwise acquired the Company's common stock pursuant or traceable to the company's registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation ("Legacy Six Flags") with Cedar Fair, L.P. ("Cedar Fair"), and their subsidiaries and affiliates (the "Merger"). This action is pending in the United States District Court for the Northern District of Ohio.

Get Help

Six Flags investors should visit us at https://www.claimsfiler.com/cases/nyse-fun-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Six Flags and certain of its executives are charged with failing to disclose material information in the registration statement for the Merger, violating federal securities laws.

Specifically, the Registration statement failed to disclose that (i) despite the Company's claims that it had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company's historical cost trends in order to maintain or grow Legacy Six Flags' share in the intensely competitive amusement park market; (ii) following defendant Selim Bassoul's appointment as CEO in November 2021, the company implemented aggressive cost-cutting measures, including significant reductions in employee headcount, which materially degraded operational competence and guest experience; (iii) as a result, Legacy Six Flags required a substantial and undisclosed capital infusion to stabilize and revitalize its business, and these acute capital needs fundamentally undermined the rationale for the Merger as presented in the registration statement.

On the Merger closing date, July 1, 2024, Six Flags stock traded above $55 per share. The price of Six Flags stock subsequently fell as low as $20 per share, a nearly 64% decline.

The case is City of Livonia Employees' Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until December 30, 2025 to file lead plaintiff applications in securities class action lawsuits against Synopsys, Inc. ("Synopsys" or the "Company") (NasdaqGS: SNPS), if they purchased or otherwise acquired the Company's securities between December 4, 2024 and September 9, 2025, inclusive (the "Class Period") and/or purchased or otherwise acquired Synopsys common stock in exchange for their shares of Ansys, Inc. ("Ansys") common stock in the acquisition of Ansys. These actions are pending in the United States District Court for the Northern District of California.

Get Help

Synopsys investors should visit us at https://www.claimsfiler.com/cases/nasdaq-snps-2 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Synopsys and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On September 9, 2025, post-market, the Company announced its 3Q2025 financial results, disclosing quarterly revenue of $1.740 billion, missing its prior guidance of between $1.755 billion and $1.785 billion, and reported net income of $242.5 million, a 43% year-over-year decline from $425.9 million reported for 3Q 024. Further, the Company reported that its Design IP segment accounted for approximately 25% of revenue and came in at $426.6 million, a 7.7% decline year-over-year, and also provided guidance inferring that Design IP revenues will decline by at least 5% on a full-year basis in fiscal 2025.

On this news, the price of Synopsys' shares fell $216.59, or 35.8%, to close at $387.78 per share on September 10, 2025, on unusually heavy trading volume.

The first-filed case is Kim v. Synopsis, Inc., et al., No. 25-cv-09410. A subsequent case, New England Teamsters Pension Fund v. Synopsis, Inc., et al., No. 25-cv- 10201, expanded the class period.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 26, 2026 to file lead plaintiff applications in a securities class action lawsuit against Alexandria Real Estate Equities, Inc. ("Alexandria" or the "Company") (NYSE: ARE), if they purchased or otherwise acquired the Company's securities between January 27, 2025 to October 27, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Central District of California.

Get Help

Alexandria Real Estate Equities investors should visit us at https://claimsfiler.com/cases/nyse-are/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Alexandria and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 27, 2025, post-market, the Company disclosed financial results for the third quarter of fiscal year 2025 that were below expectations, including cuts to its FFO guidance for the full-year 2025, due to lower occupancy rates, slower leasing activity and most notably, a real estate impairment charge of $323.9 million with $206 million attributed to its LIC property.

On this news, the price of Alexandria's shares fell from a closing market price of $77.87 per share on October 27, 2025 to $62.94 per share on October 28, 2025, a decline of about 19% in the span of just a single day.

The case is Warren Hern v. Alexandria Real Estate Equities, Inc., et al., No. 25-cv-11319.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

, /PRNewswire/ -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 30, 2026 to file lead plaintiff applications in a securities class action lawsuit against DeFi Technologies Inc. ("DeFi" or the "Company") (NasdaqCM: DEFT), if they purchased or otherwise acquired the Company's securities between May 12, 2025 and November 14, 2025, inclusive (the "Class Period").  This action is pending in the United States District Court for the Eastern District of New York.

Get Help

DeFi investors should visit us at https://claimsfiler.com/cases/nasdaq-defi/ or call toll-free (844) 367-9658.  Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

DeFi and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On November 13, 2025, post-market, the Company announced its financial results for the third quarter of 2025, disclosing a nearly 20% decline in revenue, well below market expectations, and also significantly lowered its 2025 revenue forecast, from $218.6 million to approximately $116.6 million, due to "a delay in executing DeFi Alpha arbitrage opportunities previously forecasted due to the proliferation of [DAT] companies and the consolidation in digital asset price movement in the latter half of 2025."

On this news, the price of DeFi's shares fell $0.40 per share, or 27.59%, over the following two trading sessions, to close at $1.05 per share on November 17, 2025.

The case is Linkedto Partners LLC v. DeFi Technologies Inc., et al., No. 25-cv-06637.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

SOURCE ClaimsFiler

Timothy Hartin
Company Secretary

Well, good morning, everyone, and welcome to the 2025 Annual General Meeting of Westpac Banking Corporation. My name is Tim Hartin, and I am Westpac's Company Secretary.

On behalf of Westpac, I'd like to acknowledge the Gadigal people of the Eora Nation. We pay our respects to their elders, both past and present. We also acknowledge the traditional owners of the lands from which those joining us on the webcast are located today.

Westpac has been helping Australians across our nation for more than 200 years, and we're proud of our long-standing commitment to reconciliation and are working towards our vision of an Australia where Aboriginal and Torres Strait Islander people enjoy equitable opportunities.

Before I introduce your Chairman, I'll run through a few procedural matters. This year, we're taking a different approach to the agenda of the meeting. You'll hear first from your Chairman and CEO. The items of business will then be displayed on the screen, followed by the presentation of the proxy and direct voting results. Your directors seeking reelection and election will then address the meeting, followed by Mr. Kyle Robertson, who represents shareholders who are proposing resolutions 5a and 5b. Your Chairman will then invite shareholders to ask questions on all resolutions together, which is intended to provide an enhanced meeting experience. We'll take questions from the people joining us here in the room first, then we'll move to the questions submitted by those who are watching our live webcast.

If you're here in person, you should have

HomeETFs and Funds AnalysisETF Analysis

SummarySchwab High Yield Bond ETF is the cheapest high-yield bond ETF in the market, with a 0.03% expense ratio.It yields 7.0% and has outperformed most other types of bonds since inception.It is a fantastic fund, but high-yield bonds are looking expensive right now. SmileStudioAP/iStock via Getty Images

The Schwab High Yield Bond ETF (SCYB) is a simple high-yield corporate bond index ETF, with a solid 7.0% dividend yield, a good performance track record, and a 0.03% expense ratio, the lowest in the market. Although SCYB is a solid

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.

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in FNDB over 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.

TOKYO--(BUSINESS WIRE)-- #Healthcare--The final results of its tender offer for common shares of Waqoo, Inc. (TOKYO:4937).

Federal regulators moved crypto deeper into U.S. banking as the OCC conditionally approved five digital-asset trust banks, signaling growing confidence in federally supervised crypto custody, payments and blockchain-based financial services.

Journalist

Posted: December 13, 2025

Ethereum [ETH] has shown sustained optimism, with the asset holding above the $3,000 level on the chart.

This positive sentiment is reflected in on-chain data across exchanges. Combined with a bullish outlook linked to traditional markets, ETH could turn upward heading into the news cycle.

Russell 2000 could spark a rally
The correlation between the Russell 2000 and Ethereum has signaled the potential for a bullish rebound in the digital asset.

The Russell 2000, which tracks small-market-capitalization U.S. stocks, recently hit an all-time high, reflecting improving performance among these stocks.

Historically, this trend has correlated with Ethereum’s movement, similar to how Bitcoin tracks the S&P 500. Analysts attribute the Russell’s recent performance in part to the latest U.S. Federal Reserve interest-rate cut.

Source: X

The stronger bullish sentiment also stems from a recent Goldman Sachs outlook, which suggests the Russell 2000 could outperform other market segments.

The group forecasts a 49% growth rate for the Russell, compared to the S&P 500’s projected 14%. If history repeats, Ethereum could see stronger performance in 2026.

Long-term perspective returns
A long-term perspective has returned to the market, with investor activity around Ethereum improving across exchanges. Ethereum’s exchange reserve has declined sharply, dropping to 16.4 million.

A reduction in Ethereum held on exchanges, now at a multi-month low, often signals a significant flow of liquidity into private wallets.

When more assets move into private wallets, it indicates long-term holding, as there is typically less selling from those addresses.

Source: CryptoQuants

The decline in reserves aligns with falling exchange depositing addresses, which have dropped to about 5,100. This suggests growing optimism, with fewer investors willing to sell their assets.

Today alone, $48.6 million worth of Ethereum has been accumulated from the spot market, with $571.8 million bought this week. Continued accumulation could intensify demand, especially as circulating ETH on exchanges remains limited.

Institutions are stepping into the market
Institutional investors are returning to the market after starting the week with heavy ETH sell-offs.

Data from CoinGlass on U.S. Ethereum exchange-traded funds (ETFs) shows institutions purchased $42.30 million worth of ETH on the 11th of December.

This represents a sharp reversal from the combined net outflow of $270.8 million recorded between the 8th and 10th of November.

Source: CoinGlass

If this buying continues, it would indicate that bullish momentum has returned and investor confidence is strengthening.

Final Thoughts

The correlation between the Russell 2000 and Ethereum has increased the likelihood of an ETH rally, supported by Goldman Sachs’ optimistic outlook.
Long-term view is returning to the market as investors grow more optimistic about price action.