Market Signal Briefing

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of common stock of Integer Holdings Corporation (NYSE: ITGR) between July 25, 2024 and October 22, 2025, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2026.

So what: If you purchased Integer common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Integer class action, go to https://rosenlegal.com/submit-form/?case_id=49170 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 9, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) Integer materially overstated its competitive position within the growing electrophysiology ("EP") manufacturing market; (2) despite Integer's claims of strong visibility into customer demand, Integer was experiencing a sustained deterioration in sales relating to two of its EP devices; (3) in turn, Integer mischaracterized its EP devices as a long-term growth driver for its cardio and vascular ("C&V") segment; (4) as a result of the above, defendants' positive statements about Integer's business, and operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Integer class action, go to https://rosenlegal.com/submit-form/?case_id=49170 call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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

Shiba Inu’s Layer-2 network, Shibarium, is facing a serious challenge after a prominent decentralized finance platform within its ecosystem publicly warned that it may abandon the chain entirely. K9 Finance DAO, a liquid staking protocol built on Shibarium, announced it has set a firm deadline to resolve outstanding issues linked to September’s bridge exploit.

The announcement, which was shared on the social media platform X, points to a breakdown in communication between ecosystem builders and the Shibarium development team. According to K9 Finance, private discussions that had been ongoing for months following the hack have now stalled, and this is why the DAO is addressing the matter publicly.

K9 Finance Brings Dispute Into the Open
In its statement, K9 Finance DAO said it had complied with every request made by the Shibarium team in the aftermath of the bridge exploit and had acted in good faith throughout the process. The DAO noted that it maintained several private communication channels with the Shib team in an effort to reach closure and ensure affected users were compensated.

That process has now reached a standstill. K9 Finance disclosed that it has received no further communication or guidance from the Shibarium team, leading it to move the discussion into the public timeline. However, this step was taken by the K9 Finance DAO to provide clarity to its holders and uphold responsible governance, not to provoke drama or controversy.

As part of its announcement, K9 Finance set January 6, 2026 as the final deadline for users impacted by the Shibarium bridge incident to be fully and verifiably made whole. If restitution is not completed by that date, the DAO says it will convene and vote on its future relationship with Shibarium, including whether continuing to operate on the chain makes sense for the long-term health of the K9 ecosystem.

K9 Finance is a decentralized finance protocol built on Shibarium that focuses on liquid staking within the Shiba Inu ecosystem. The platform operates as a decentralized autonomous organization, with governance decisions made by token holders through the K9 Finance DAO. 

K9 Finance is one of the most visible DeFi platforms on the Shibarium chain, and its stance could influence sentiment among other builders.

The Main Issue: September’s Bridge Hack
The dispute traces back to the Shibarium bridge exploit in September 2025, when attackers used a flash-loan-based strategy to drain assets from the bridge. The incident forced emergency pauses across parts of the network and security updates by the Shiba Inu team.

During that incident, roughly $4.1 million in assets, including ETH, SHIB, and other tokens, were taken, and around $717,000 worth of KNINE tokens were affected. However, the stolen KNINE tokens could not be sold from the attacker’s wallet because they were frozen by K9 Finance. 

Although the Shibarium team later restored network functionality and introduced additional security measures, the recent announcement shows that compensation discussions have continued behind the scenes without a final resolution.

SHIB bears continue to dominate | Source: SHIBUSDT 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.

Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.

I'm Sandra White, a writer at Bitcoinist, and I provide the latest updates on the world of cryptocurrencies. I believe crypto a gateway to a new order and I have made it my life's mission to help educate as much people as possible.
When I'm not at work, I love listening to music, learning new things, and dream of traveling around the world.

Ethereum trades near $3,250 after rejecting key resistance. Trendline support holds, while ETF inflows and taker activity show recovery signs.

Bitcoin has fallen back down to $90,000 as sideways price action continues on Friday.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$90,249.67Ethereum(CRYPTO: ETH)$3,076.27Solana(CRYPTO: SOL)$132.33XRP(CRYPTO: XRP)$2.01Dogecoin(CRYPTO: DOGE)$0.1364Shiba Inu(CRYPTO: SHIB)$0.058206Notable Statistics:

Coinglass data shows 119,115 traders were liquidated in the past 24 hours for $415.96 million.       
In the past 24 hours, top gainers include Mantle, Hyperliquid and Bitcoin Cash.
Notable Developments:

Tether Eyes Blockchain Shares To Control Liquidity As $500B Fundraise Draws Scrutiny
YouTube To Roll Out PayPal Stablecoin Payout Option For US Creators
Coinbase Reportedly To Rival Polymarket, Kalshi With In-House Prediction Market
Small China NEV Dealer Eyes $1 Billion Crypto Pivot
XRP Lands On Solana As Ripple Lands Crucial Banking License
Trader Notes: Ted Pillows flagged two major Bitcoin liquidity zones at $88,000–$89,000 and $93,000–$94,000, suggesting price may dip to sweep the lower band before reversing higher.

Crypto chart analyst Ali Martinez noted Bitcoin whales have offloaded ~170,500 BTC over the past year — a significant reduction in large-holder supply.

Daan Crypto Trades said Bitcoin is stuck in the key $88,000–$90,000 support/resistance range, a critical zone for bulls to defend after the cycle's largest drawdown driven by heavy spot selling and end-of-cycle fears.

Read Next: 

3 Macro Factors Driving The Bitcoin Drawdown From $120,000 To $90,000
Image: Shutterstock

Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

In brief
XRP will soon be usable on Solana, Ethereum, and other popular blockchains as wXRP.
The wrapper is backed 1:1 by native XRP custodied by digital asset firm Hex Trust.
The wXRP token will get started with $100 million in liquidity, providing a base for use across blockchains.
The Ripple-linked XRP will soon be usable on Ethereum and Solana, expanding its utility in DeFi and market-making beyond the XRP Ledger. 

The unlock is thanks to a new wrapper from digital asset firm and custodian Hex Trust, which is issuing wXRP, a 1:1 backed representation of XRP on Ethereum, Solana, Optimism, and the HyperEVM. In the future, additional blockchains will be added for wXRP integration. 

“With wXRP, we are expanding XRP liquidity in DeFi and cross-chain networks including broader utility between XRP and RLUSD,” said Hex Trust CPO and Head of Custody Giorgia Pellizzari, in a statement.

🚀 HUGE news for the #XRP ecosystem! @Hex_Trust is launching and securing Wrapped XRP (wXRP), a 1:1-backed representation of native XRP, issued on @LayerZero_Core OFT Standard, to unlock #DeFi utility across multiple blockchains, starting with @Solana.

Read more:…

— Hex Trust (@Hex_Trust) December 12, 2025

“Users of wXRP and RLUSD will benefit from two assets that are built on trusted, compliant infrastructure, enabling broader DeFi utility for XRP and RLUSD across supported blockchains,” she added.

The wrapped XRP tokens are transparently backed by 1:1 XRP that will be custodied and compliant with KYC/AML standards via Hex Trust’s institutional-grade custody, the firm said.

To start, wXRP will launch with $100 million in total valued locked (TVL) to provide a base for liquidity across blockchains. At present time, a dashboard on Hex Trust’s website indicates it holds more than 50 million XRP in reserves, with 50 million wXRP in circulation already on Ethereum.

The token’s launch on Solana is coming soon. Transactions on Optimism and HyperEVM show the token’s contract has been created, though only 1 wXRP is currently in circulation on Optimism and none are circulating on HyperEVM.

“There’s growing demand to use XRP across the wider crypto ecosystem and institutions, and so we are excited to see Hex Trust address this demand,” said Markus Infanger, SVP of Ripple X, in a statement. “It also fits naturally with the work we’re doing with RLUSD, giving people a regulated way to access DeFi and manage their XRP positions across supported chains.”

Ripple’s stablecoin, RLUSD, launched last December but has been gaining utility as well. For example, Ripple partnered with Mastercard and Gemini to use RLUSD for settlement in credit card transactions. 

XRP is down nearly 1% in the last 24 hours and was recently changing hands at $2.00.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

Bitcoin price retreated below $90,000 today, Dec. 12, as a senior executive at Vanguard warned that it was a ‘digital Labubu’ and as an alarming pattern formed.

Summary

Bitcoin price dropped below the important support at $90,000.
A senior Vanguard expert called it a digital Labubu.
The coin has formed a bearish flag pattern on the daily chart.

Bitcoin (BTC) was trading at $89,700 at press time, down sharply from the year-to-date high of $126,300. Its pullback coincided with the significant drop in American equities, with the Nasdaq 100 and S&P 500 indices falling by over 1% as artificial intelligence fears mounted. 

Bitcoin price also dropped as John Ameriks, a senior executive at Vanguar,d warned that it was a ‘Digital Labubu’. Made by Pop-Mart, Labubu, a plush toy, has seen its demand surge and then drop sharply this year. 

Ameriks argued that Bitcoin lacks any income, compounding, and cash-flow properties, making it a risky investment. Other top investors like Warren Buffett and the late Charlie Munger also pointed to these risks.

His statement came a few weeks after Vanguard, which has over $12 trillion, started offering Bitcoin and other cryptocurrency ETFs on its platform. Ameriks said:

“We allow people to hold and buy these ETFs on our platform if they wish to do so, but they do so with discretion. We’re going to not give them advice as to whether buy or sell or which crypto tokens they ought to hold.”

Unlike its top competitors, like BlackRock, Invesco, and Franklin Templeton, Vanguard has not launched crypto ETFs despite their financial incentives. For example, BlackRock’s IBIT has become its most profitable fund, generating hundreds of millions of dollars in fees annually. 

Bitcoin price technicals point to a breakdown

BTC price chart | Source: crypto.news

Meanwhile, the daily chart shows that the coin has remained below the Supertrend indicator. It has also moved below the 50-day Exponential Moving Average.

Bitcoin has formed a bearish flag pattern, which is one of the riskiest signs in technical analysis. Therefore, the coin will likely continue falling as sellers target the ultimate support of the Murrey Math Lines at $75,000. A move above the Major S&R pivot point at $100,000 will invalidate the bearish Bitcoin forecast. 

Bitcoin’s (BTC) short-term holders (STHs) have spent 229 out of 345 days in profit, an outcome that appears contradictory given that BTC is at a negative year-to-date (YTD) return and struggles to trade above $100,000. 

However, beneath the weak headline performance, the structure of onchain positioning tells a different story.

Key takeaways:

Bitcoin short-term holders logged profits for 66% of 2025, even while BTC traded below its yearly open.

The STH realized price at $81,000 acted as a sentiment pivot, which divided phases of panic and recovery.

Unrealized losses narrowed from -28% to -12%, signaling fading capitulation.

Bitcoin trades near its realized priceThe volatility of 2025 can be explained through the lens of the 1–3 month STH cohort. As illustrated in the chart, Bitcoin’s price repeatedly interacted with its realized price, producing alternating waves of green net-unrealized profit/loss (NUPL) profitability and red NUPL losses. 

Bitcoin STH realized price and NUPL range. Source: CryptoQuantEarly in 2025, BTC stayed above this cost basis for nearly two months, giving STHs their first pocket of sustained profits. But the shift into February and March saw prices fall below the cohort’s realized price, dragging STH NUPL into deep red and marking one of the year’s longest loss stretches.

However, momentum reversed sharply from late April through mid-October, where the chart’s broad green zones align with Bitcoin’s 172-day period of predominantly profitable STH activity. Even though the broader trend was softening, these recoveries pushed STH profitability far higher than the market narrative implied. 

Only in late October did the market slip back beneath the realized price again, triggering the ongoing 45-day period of STH losses that coincides with the swelling red NUPL region.

Bitcoin STH realized price against BTC. Source: CryptoQuantIn effect, STH profitability in 2025 was driven less by Bitcoin’s directional trend and more by the frequency with which BTC reclaimed its cost basis. Those repeat rebounds, even within a negative YTD environment, allowed short-term holders to finish with a two-thirds profit ratio.

The BTC cost basis shift may define the next phase againBitcoin’s rebound toward $92,500 compressed STH unrealized losses from -28% to -12%, a sign that forced selling is easing and emotional exhaustion is setting in. The STH realized rice at $81,000 remains the psychological fulcrum, as each reclaim historically marks the transition from capitulation into stability. 

BTC age-band unrealized P&L distribution. Source: CryptoQuantNew money and investors entering within days to weeks, hover near breakeven, reinforcing this stabilizing structure. If BTC continued to improve STH profitability while holding above this $81,000 foundation, the late-year correction could already be nearing completion, setting the stage for the next expansion phase.

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

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

Today, on 12 December 2025, Tether submitted a binding all cash proposal to Exor to acquire its entire stake in Juventus Football Club. Subject to regulatory approvals, Tether also plans a public offer for the remaining shares at the same price, fully funded with its own capital.

The offer envisions a long term commitment to the club. Moreover, the company intends to keep the same per share terms for minority shareholders if it proceeds with a broader juventus public tender following completion of the initial transaction.

The proposal covers the acquisition of Exor’s shareholding, representing 65.4 percent of Juventus’ issued share capital. However, completion remains subject to Exor’s acceptance, definitive transaction documentation, and receipt of all required regulatory approvals.

Summary

Strategic vision and emotional ties to JuventusTether: financial commitment and future investment in Juventus clubFrom initial offer to full control scenarioAbout Tether and its stablecoin-driven strategy
Strategic vision and emotional ties to Juventus
Tether presents this move as more than a financial transaction. The company states that Juventus represents discipline, ambition, and the quiet strength of those who rebuild and move forward, season after season, shaping Italian sporting identity and global fan loyalty.

“For me, Juventus has always been part of my life,” said Paolo Ardoino, CEO of Tether. “I grew up with this team. As a boy, I learned what commitment, resilience, and responsibility meant by watching Juventus face success and adversity with dignity.”

Ardoino added that those lessons remained with him long after the final whistle. Moreover, he framed the initiative as rooted in deep admiration and respect for a club seen as a symbol of Italian excellence with a truly global presence, built over generations.

According to Tether, these values mirror how the company itself has been built, with patience, independence, and a focus on long term resilience. That said, the firm also emphasizes that its offer is grounded in tangible financial strength and a clear ownership strategy.

Tether: financial commitment and future investment in Juventus club
Tether describes itself as being in a position of strong financial health and says it intends to support Juventus with stable capital and a long horizon. The stated goal is to contribute positively to the club’s future and support sporting performance at the highest level.

The company aims to help Juventus grow sustainably in a rapidly evolving global sports and media landscape. In the event that the transaction completes, Tether is prepared to invest 1 billion Euros in the support and development of the club, reinforcing its pledge of substantial juventus financial support.

This proposal, framed as a juventus takeover proposal, is made with humility and what Tether calls a deep sense of responsibility toward the club, its supporters, and its legacy. However, the final outcome will depend on regulatory review and Exor’s strategic choices.

From initial offer to full control scenario
The structure of the deal would first transfer Exor’s 65.4 percent stake to Tether. Following completion of that step, the company intends to proceed with a public tender offer for the remaining shares at the same price per share, seeking eventual full control.

Market observers note that such an italian football ownership shift would further intertwine digital asset players with traditional sports institutions. Moreover, it would mark a new phase in the relationship between top tier football and firms from the blockchain and stablecoin sectors.

The proposed Juventus transaction underscores Tether’s broader long term investment philosophy, supported by what it describes as a strong balance sheet and a focus on building resilient, globally relevant institutions. Further updates will be provided in accordance with applicable laws and regulations.

About Tether and its stablecoin-driven strategy
Under its USD₮ brand, Tether is a pioneer in stablecoin technology, with an ambition to reshape the global financial landscape. With its flagship asset, the company seeks to provide accessible and efficient financial, communication, artificial intelligence, and energy infrastructure.

By offering stable digital assets, Tether aims to enable greater financial inclusion, bolster communication resilience, and foster economic growth. Moreover, it seeks to empower individuals and businesses worldwide, positioning its expansion into sports as a complementary, stablecoin company investment strategy.

As the creator of what it describes as the largest, most transparent, and most liquid stablecoin in the industry, Tether focuses on building sustainable and resilient infrastructure, particularly for underserved communities. It leverages cutting edge blockchain and peer to peer technology to bridge traditional finance and decentralized systems.

In summary, the proposed acquisition of Juventus by Tether would combine a historic football institution with a leading digital asset issuer, aligning emotional ties, financial capacity, and long term strategic ambitions in one of Europe’s most closely watched potential sports deals.

Amelia Tomasicchiohttps://cryptonomist.ch

As expert in digital marketing, Amelia began working in the fintech sector in 2014 after writing her thesis on Bitcoin technology. Previously author for several international crypto-related magazines and CMO at Eidoo. She is now the co-founder of The Cryptonomist.
She is also a marketing teacher at Digital Coach in Milan and she published a book about NFTs for the Italian publishing house Mondadori, while she is also helping artists and company to entering in the sector. As advisor, Amelia is also involved in metaverse-related project such as The Nemesis and OVER.

TL;DR

Vanguard’s executive calls Bitcoin a speculative toy, lacking cash flows or compounding potential.
The firm now permits clients to trade spot Bitcoin ETFs on its platform.
Bitcoin might gain value only in high-inflation or political instability scenarios, he noted.

The Vanguard Group, an asset manager overseeing 9.3 trillion dollars, has restated its position on Bitcoin. John Ameriks, the firm’s global head of quantitative equity, described the digital asset as a “speculative digital toy”. Ameriks made these statements at Bloomberg’s ETFs in Depth conference in New York.

The executive compared Bitcoin to a popular collectible item, distancing it from the category of a productive asset. He noted the cryptocurrency lacks income, compounding potential, and cash flows. These traits are essential for the long-term investments Vanguard typically selects.

Ameriks acknowledged the value of blockchain technology. However, he expressed doubts about its necessary link to cryptocurrencies. He asked if a way exists to use blockchain without involving crypto.

Vanguard permits its clients to trade spot Bitcoin exchange-traded funds
The company enabled this option very recently. “Clients can hold and buy these ETFs on our platform if they wish to do so,” stated Ameriks. He clarified the firm does not offer advice on buying, selling, or selecting crypto tokens.

Ameriks left open the possibility of future value for Bitcoin under specific conditions. He mentioned high-inflation environments or periods of political instability as potential contexts. He emphasized the need for a longer and more reliable price history in those circumstances. Only then could a clear investment thesis and its role in a portfolio be analyzed.

JUST IN: Vanguard Quant says Bitcoin is still "a digital toy." 🤨

Trillion dollar asset and some people still don't get it 😅 pic.twitter.com/EUaLGq8hRx

— Bitcoin Archive (@BitcoinArchive) December 12, 2025

The price of Bitcoin is undergoing a correction at this time. CoinGecko data shows a value near 89,000 dollars. The asset records a drop of 2.6% over the last 24 hours and 15.3% over the prior month. Many analysts expected a rally following the latest Federal Reserve interest rate cut. Fresh market volatility interrupted that upward trend.

Vanguard’s stance reflects a traditional and cautious investment approach. The company prioritizes assets with classic economic fundamentals. 

In brief
Tether made an all-cash offer to Exor for the 65.4% of total shares it holds in Italian soccer club, Juventus.
Tether purchased a minority stake in the club earlier this year.
If approved, Tether said it will support the club's growth with an investment of 1 billion Euros.
Stablecoin giant Tether is making a push to become the owner of Italian soccer club, Juventus. 

The USDT issuer submitted a binding all cash proposal to acquire 65.4% of the club that is currently owned by Exor—a holding company for the Agnelli family, creators of car brand Fiat. Financial details were not disclosed. 

“For me, Juventus has always been part of my life,” said Tether CEO Paolo Ardoino, in a statement. “I grew up with this team. As a boy, I learned what commitment, resilience, and responsibility meant by watching Juventus face success and adversity with dignity. Those lessons stayed with me long after the final whistle.”

Back in February, Tether acquired a minority stake in the club, which plays in Italy's top soccer league, Serie A. 

If accepted by Exor, Tether intends to make a public tender offer for the remaining shares at the same price. Should it be successful, the crypto firm says it will invest 1 billion Euros to support the development of the team.

“Tether is in a position of strong financial health and intends to support Juventus with stable capital and a long horizon,” said Ardoino. “Our goal is to contribute positively to the club’s future, to support sporting performance at the highest level, and to help Juventus continue to grow sustainably in a rapidly evolving global sports and media landscape.” 

The firm has maintained an active approach to investing, recently joining an $81 million round in an Italian humanoid robotics firm. In November it snatched up another 1 million shares of video-sharing platform Rumble after announcing last year that it would invest $775 million in the YouTube rival.

Tether is considering tokenizing its stock, according to a Friday report from Bloomberg. The privately held company is reportedly seeking to raise $20 billion at a valuation of $500 billion. 

A representative for Tether did not immediately respond to Decrypt’s request for comment.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

It has been a long and arduous journey for Ripple. After emerging from a multiyear battle with the US Securities and Exchange Commission, the blockchain-based payments and infrastructure company is pressing ahead with broad ambitions to unify custody, treasury and prime-brokerage services, each underpinned by blockchain technology and stablecoins.

Despite the bruising legal fight and the reputational damage that came with it, Ripple has still managed to win over some of Wall Street’s biggest players.

This week’s Crypto Biz looks at how Ripple secured a striking $40 billion valuation, and why some of its backers are quietly placing bets on an XRP (XRP) surge.

Elsewhere, WisdomTree rolled out a new options-income strategy through a tokenized fund, Bitwise shifted its crypto index fund to the NYSE Arca, and Jack Mallers’ Twenty-First Capital made its public debut on the New York Stock Exchange.

The story behind Ripple’s $40 billion valuationIn November, Ripple raised $500 million at a valuation of $40 billion, attracting investors including Citadel Securities, Fortress Investment Group and funds tied to Brevan Howard, Pantera Capital and Galaxy Digital. New reporting now sheds light on how the deal came together.

According to Bloomberg, Ripple secured commitments by offering investors substantial downside protection. The terms allowed participating funds to sell their shares back to Ripple after three or four years for a guaranteed annualized return of 10%. Ripple also retained the right to repurchase those shares during the same window, at an annualized return of 25% for investors.

Ripple has since broadened its strategy, pushing deeper into the stablecoin market and pursuing acquisitions in brokerage and treasury management. Still, sources told Bloomberg that some backers were motivated not only by the company’s expansion plans but also by expectations for the future performance of XRP.

Ripple’s RLUSD stablecoin has grown to a market cap of more than $1 billion. Source: CoinMarketCapWisdomTree launches tokenized fund targeting options-income strategyAsset manager WisdomTree is bringing a complex options strategy onchain with a new tokenized fund designed to track the price and yield performance of the Volos US Large Cap Target 2.5% PutWrite Index. The fund, called the WisdomTree Equity Premium Income Digital Fund, is now available under the token ticker EPXC and the fund ticker WTPIX.

The Volos benchmark is modeled on a “put-writing” strategy, in which the index sells cash-secured put options to generate income. Instead of writing options directly on the S&P 500, the strategy uses contracts tied to the SPDR S&P 500 ETF Trust (SPY), allowing it to collect option premiums as the seller.

The launch marks another step in the convergence of traditional finance and blockchain, giving volatility-wary investors a way to access a put-writing strategy through an onchain fund.

Source: WisdomTree PrimeBitwise’s crypto index fund lists on NYSE ArcaOn Dec. 10, Bitwise Asset Management’s 10 Crypto Index Fund (BITW) transitioned from the over-the-counter market to NYSE Arca, broadening its visibility and opening the door to greater institutional participation. The fund is now available as an exchange-traded product.

BITW provides diversified exposure to the 10 largest crypto assets by market capitalization, including Bitcoin (BTC), Ether (ETH), Solana (SOL) and XRP.

“Most investors we meet are convinced crypto is here to stay, but they don’t know who the winners will be or how many will succeed,” said Matt Hougan, Bitwise’s chief investment officer. “The index approach is a way for people to invest in the thesis without having to predict the future.”

An NYSE Arca listing may help BITW attract investors who are hesitant to buy crypto directly through exchanges.

Source: Matt HouganTwenty One Capital opens with a strong public debutBitcoin treasury company Twenty One Capital began trading on the New York Stock Exchange on Tuesday, marking a notable step in the growing institutional push into digital assets. The listing follows the company’s merger with Cantor Equity Partners.

The company, now trading under the ticker XXI, holds more than 43,000 BTC, valued at nearly $4 billion.

“Bitcoin is honest money. That’s why people choose it, and that’s why we built Twenty One on top of it,” CEO Jack Mallers said as the company went public.

Backed by Cantor Fitzgerald, Tether, Bitfinex and SoftBank, Twenty One Capital has exceeded its Bitcoin accumulation targets after a series of large purchases throughout the year.

Twenty One Capital’s Bitcoin accumulation this year. Source: BitcoinTreasuries.NETCrypto Biz is your weekly pulse on the business behind blockchain and crypto, delivered directly to your inbox every Thursday.

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

Crypto expert Crypto Sensei has drawn attention to rumors that Amazon struck a 5 billion XRP deal with Ripple. The expert explained what the deal is really about and what Ripple’s end goal is using the altcoin. 

Expert Clarifies Rumors Of Amazon’s 5 Million XRP Deal With Ripple
In an X post, Crypto Sensei addressed whether rumors that Amazon struck a 5 million XRP deal with Ripple were true. The rumors surfaced as Kendra Hill claimed that Ripple’s endgame is to run the entire derivatives market using the altcoin and that the cross-border transactions are simply a test.  

Related Reading: XRP Rising Against All Odds: Ripple CEO Celebrates These Achievements

However, Crypto Sensei noted that there is no public evidence of Ripple’s 5 million XRP deal with Amazon and that there has been no public announcement from the crypto firm. As such, the expert remarked that this rumored deal remains pure community speculation.  

Meanwhile, he explained that Hill’s core claim was that cross-border payments are just a testing ground and that Ripple ultimately intends to use XRP to process 100% of the transactions on the global derivatives market. Notably, the global derivatives market is said to be a trillion-dollar industry, meaning this move could boost adoption significantly. 

Meanwhile, as to how a rumored Amazon relates to this, Crypto Sensei explained that a screenshot of an old Amazon partnership had resurfaced. Furthermore, Hill had allegedly claimed that another partnership between the two firms has yet to be revealed. Amazon’s AWS had, in 2020, revealed that it was integrating Ripple’s payment system for its rewards program. 

Crypto Sensei also mentioned that Ripple’s CTO, David Schwartz, has stated that there is no evidence that Amazon owns this amount of XRP. There is also no evidence on the XRP Ledger that the company holds this amount in escrow.

Major Adoption News For The Token
In an X post, Hex Trust announced a partnership with LayerZero to launch wrapped XRP (wXRP) across multiple networks, starting with the Solana network. This is expected to boost the altcoin’s adoption as it gains new holders and new liquidity flows into it. Hex Trust noted that the wXRP is designed for DeFi use across these networks. 

Related Reading: Ripple Secures 4 Groundbreaking Wins That Mark An Exciting Phase For XRP

The firm has launched this Wrapped XRP with over $100 million in Total Value Locked (TVL). Hex Trust also explained that the wrapped token’s utility is that it makes it easy to trade XRP alongside Ripple’s RLUSD stablecoin as a trading pair on supported chains. As such, the firm believes this move could expand liquidity and utility between XRP and RLUSD. Notably, there are also plans to launch this wrapped token on Ethereum soon. 

At the time of writing, the XRP price is trading at around $2.03, up in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.03 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, 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.

Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.

Scott Matherson is a leading crypto writer at Bitcoinist, who possesses a sharp analytical mind and a deep understanding of the digital currency landscape. Scott has earned a reputation for delivering thought-provoking and well-researched articles that resonate with both newcomers and seasoned crypto enthusiasts.
Outside of his writing, Scott is passionate about promoting crypto literacy and often works to educate the public on the potential of blockchain.

15 minutes ago

Bitcoin mining hash price, a critical metric for determining profit margins in the industry, is hovering near record lows.

Bitcoin mining companies are turning to renewable energy to reduce costs amid record-low hash price, a critical metric for miner profitability, which is below the $40 level that marks the breakeven point for mining operators.

Hash price, which measures expected miner profitability per unit of computing power used to successfully add a block, is about $39.4 per petahash second per day (PH/s/day) at the time of this writing, according to mining data provider Hashrate Index. 

Sangha Renewables, a Bitcoin (BTC) miner and renewable energy company, energized a 20 megawatt (MW) solar-powered mining facility in Ector County, Texas, on Thursday, according to TheMinerMag.

Miner hash price continues to decline. Source: Hashrate IndexThe Phoenix Group, a mining and digital infrastructure company, announced in November that it had launched a 30-megawatt mining operation using hydroelectric power in Ethiopia. 

In September, Canaan, a hardware manufacturer and Bitcoin miner, partnered with digital infrastructure company Soluna to deploy a mining facility at a wind-powered site in Briscoe County, Texas. 

Canaan is also developing an adaptive mining rig to maximize energy efficiency. The hardware balances electrical loads and uses AI to adjust energy usage.

The Bitcoin mining industry is facing several economic challenges, including reduced mining rewards, which have placed industry players in the toughest profit margin environment in the sector’s history.

Mining BTC becomes increasingly expensiveThe Bitcoin network’s mining hashrate, a proxy for the total amount of computing power securing the protocol, continues to reach new all-time highs.

Although the hashrate oscillates in the short term, the long-term trend is upward, with the network hashrate crossing the 1 zetahash milestone in April.

Bitcoin network hashrate. Source: CryptoQuantOne zetahash is equal to 1,000 petahashes. Rising hashrate means that miners must expend ever-greater computing resources to remain competitive and successfully mine blocks.

In November, stablecoin issuer Tether said it was shuttering its Bitcoin mining operation in Uruguay, citing rising energy costs.

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

, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of Klarna Group plc (NYSE: KLAR) ("Klarna").

Klarna provides payment, advertising, and digital retail banking solutions to consumers and merchants. On or around September 10, 2025, Klarna conducted its IPO at $40.00 per share. On November 18, 2025, Klarna issued its third quarter 2025 financial results, the company's first earnings report as a public company following their September IPO. Klarna reported disappointing results, including a surprising staggering increase in the company's provision for credit losses, which is potentially at odds with Klarna's prior assurances regarding its lending risk metrics in its IPO documents.

On this news, Klarna's stock price declined by $3.25 per share, or approximately 9.3%, from a close of $34.88 per share on November 17, 2025, to close at $31.63 on November 18, 2025. Since its IPO price of $40.00 per share in September 2025, Klarna's stock has seen a significant decline, falling over 23% by December 4, 2025.

If you are a Klarna investor and would like to learn more about our investigation, please CLICK HERE to fill out our online form or contact Kessler Topaz Meltzer & Check, LLP: Jonathan Naji, Esq. (484) 270-1453 or E-mail at [email protected]. You can also click on the following link or paste it in your browser: https://www.ktmc.com/klarna-group-plc-investigation?utm_source=PR_Newswire&mktm=PR.

Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
280 King of Prussia Road
Radnor, PA 19087
(484) 270-1453
[email protected]

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP

The rocket company is getting a boost because of a reported IPO in 2026 from competitor SpaceX.

Shares of Rocket Lab (RKLB +0.19%) shot up 30% this week, according to data from S&P Global Market Intelligence. An upstart space flight company that is benefiting from increased spending on the space economy, Rocket Lab stock was trading higher this week because of a report about a potential $1.5 trillion SpaceX IPO (initial public offering) in 2026.

Rocket Lab also made another milestone in the development of its new, larger rocket called the Neutron. Here's why the stock was up 30% this week to a price of $63.44 as of this writing on December 12th, 2025.

Today's Change

(

0.19

%) $

0.12

Current Price

$

63.65

Heavy space economy investments
Even though it isn't directly associated with the Rocket Lab business, SpaceX is compared heavily to the upstart rocket launch provider as the leader in the commercial launch sector. When investors get bullish on SpaceX -- which is currently one of the largest private companies in the world by valuation -- they tend to also get bullish on the prospects of Rocket Lab.

It turns out that public market investors may get a chance to buy SpaceX shares next year. Reports have come out that the company is planning an IPO next year at a hefty valuation of $1.5 trillion, raising $30 billion in funds in the process. Seeing how investors are valuing SpaceX at such a premium price has translated to gains in Rocket Lab stock this week.

On top of the SpaceX news, Rocket Lab made progress with its "Hungry Hippo" rocket fairing for its large Neutron rocket, which is undergoing testing and hopefully going to perform full flights and commercial launches in 2026.

Image source: Getty Images.

Should you buy Rocket Lab stock?
Shareholders of Rocket Lab are sitting fat and happy after the returns of the last few years. The stock is up over 10x since the beginning of 2024, when shares were trading below $5.

Rocket Lab's business is doing well right now. Revenue grew 48% year-over-year to $155 million last quarter, with plenty of growth yet to come when the Neutron debuts later in 2026.

However, at a market cap of $34 billion, the stock has a price-to-sales ratio (P/S) above 50 at the moment, making the stock wildly overvalued and uninvestable at the moment.

Brett Schafer has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Rocket Lab. The Motley Fool has a disclosure policy.

Oracle on Friday pushed back against a report that said the company will complete data centers for OpenAI, one of its major customers, in 2028, rather than 2027.

The delay is due to a shortage of labor and materials, according to the Friday report from Bloomberg, which cited unnamed people. Oracle shares fell to a session low of $185.98, down 6.5% from Thursday's close.

"Site selection and delivery timelines were established in close coordination with OpenAI following execution of the agreement and were jointly agreed," an Oracle spokesperson said in an email to CNBC. "There have been no delays to any sites required to meet our contractual commitments, and all milestones remain on track."

The Oracle spokesperson did not specify a timeline for turning on cloud computing infrastructure for OpenAI. In September, OpenAI said it had a partnership with Oracle worth more than $300 billion over the next five years.

"We have a good relationship with OpenAI," Clay Magouyrk, one of Oracle's two newly appointed CEOs, said at an October analyst meeting.

Doing business with OpenAI is relatively new to 48-year-old Oracle. Historically, Oracle grew through sales of its database software and business applications. Its cloud infrastructure business now contributes over one-fourth of revenue, although Oracle remains a smaller hyperscaler than Amazon, Microsoft and Google.

OpenAI has also made commitments to other companies as it looks to meet expected capacity needs.

In September, Nvidia said it had signed a letter of intent with OpenAI to deploy at least 10 gigawatts of Nvidia equipment for the San Francisco artificial intelligence startup. The first phase of that project is expected in the second half of 2026.

Nvidia and OpenAI said in a September statement that they "look forward to finalizing the details of this new phase of strategic partnership in the coming weeks."

But no announcement has come yet.

In a November filing, Nvidia said "there is no assurance that we will enter into definitive agreements with respect to the OpenAI opportunity."

OpenAI has historically relied on Nvidia graphics processing units to operate ChatGPT and other products, and now it's also looking at designing custom chips in a collaboration with Broadcom.

On Thursday, Broadcom CEO Hock Tan laid out a timeline for the OpenAI work, which was announced in October. Broadcom and OpenAI said they had signed a term sheet.

"It's more like 2027, 2028, 2029, 10 gigawatts, that was the OpenAI discussion," Tan said on Broadcom's earnings call. "And that's, I call it, an agreement, an alignment of where we're headed with respect to a very respected and valued customer, OpenAI. But we do not expect much in 2026."

OpenAI declined to comment.

watch now

, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP informs investors that a securities class action lawsuit has been filed against Firefly Aerospace Inc. ("Firefly") (NASDAQ: FLY) on behalf of those who purchased or otherwise acquired Firefly: (1) common stock pursuant and/or traceable to the registration statement and related prospectus (collectively, the "Offering Documents") issued in connection with the company's IPO conducted on or about August 7, 2025; and/or (2) securities between August 7, 2025 and September 29, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is January 12, 2026.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you suffered Firefly losses, you may CLICK HERE or copy and paste the following link into your browser: https://www.ktmc.com/new-cases/firefly-aerospace-inc?utm_source=PR_Newswire&mktm=PR

You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected].

DEFENDANTS' ALLEGED MISCONDUCT:
The complaint alleges that, in the Offering Documents and throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose: (1) Firefly had overstated the demand and growth prospects for its Spacecraft Solutions offerings; (2) the Alpha rocket program fell short of its purported operational readiness and commercial viability; and (3) as a result of the foregoing, Defendants' statements about the company's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.

Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtube.com/shorts/vr4-I8m2Z1I?feature=share

THE LEAD PLAINTIFF PROCESS:
Firefly investors may, no later than January 12, 2026, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages Firefly investors who have suffered significant losses to contact the firm directly to acquire more information.

CLICK HERE TO SIGN UP FOR THE CASE OR GO TO: https://www.ktmc.com/new-cases/firefly-aerospace-inc?utm_source=PR_Newswire&mktm=PR

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected] 

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP

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 SPEU 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.

John Lovallo, UBS homebuilders and building products analyst, joins 'The Exchange' to discuss how the homebuilding stocks will perform next year and much more.

Wealthfront's stock got off to a slow start, as it debuted amid a quiet IPO market on a day the broader stock market sold off.

HomeStock IdeasLong IdeasTech 

SummaryNebius Group N.V. represents a strong long-term Buy opportunity due to its unparalleled AI infrastructure moat, robust hyperscaler partnerships, and exceptional engineering talent.NBIS's partnerships with Microsoft and Meta Platforms validate its technological edge and provide long-term revenue visibility for this $23B worth company.Management's aggressive CapEx guidance increase to $5B for FY2025 and a robust balance sheet support sustained, rapid growth.NBIS's 1,000-strong engineering team and full-stack AI infrastructure approach create high switching costs and a defensible competitive moat. spainter_vfx/iStock via Getty Images

Share price growth is never linear, even if fundamentals are strong. Therefore, I am not concerned much about the fact that Nebius Group N.V. (NBIS) dropped by around 17% since my previous bullish

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NBIS either through stock ownership, options, or other derivatives. 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.

Recommended For You

Enovix Corporation (ENVX) Fireside Chat: CEO Reflections and Learnings at Emerging Battery Company December 10, 2025 11:00 AM EST

Company Participants

Raj Talluri - President, CEO & Director
Robert Lahey - Head of Investor Relations

Conference Call Participants

George Gianarikas - Canaccord Genuity Corp., Research Division

Presentation

George Gianarikas
Canaccord Genuity Corp., Research Division

Happy holidays. I'm George Gianarikas, one of Canaccord Genuity's sustainability analysts. And we're incredibly happy and grateful to have management of Enovix with us here today for an update webcast. From the company, we have Raj Talluri, CEO; and Rob Lahey, Corporate Development and Investor Relations. Gentlemen, thank you so much for coming for joining us.

Raj Talluri
President, CEO & Director

Really my pleasure. Thank you, Josh.

Question-and-Answer Session

George Gianarikas
Canaccord Genuity Corp., Research Division

So Raj, you're bumping up against your 3-year anniversary at Enovix. And so I'd like to ask you at a high level, what your learnings have been so far being part of this emerging battery vendor? And if there are things maybe you would have done differently from the beginning.

Raj Talluri
President, CEO & Director

Yes. That's a great question, George. Actually, I can't believe it's been almost close to 3 years. Time really flew by doing this. I'm sorry, my glasses are getting fogged a little bit here. It's kind of hot in the area, and we're turning the heat around, which I am not...

George Gianarikas
Canaccord Genuity Corp., Research Division

God bless you. It's pretty cold here.

Raj Talluri
President, CEO & Director

I'm not used to turning the heater on. But no, it's been great. I mean I think the company, I'd say we made a lot of progress in many, many different areas. I'd probably start with company was when I started to now. Maybe I'll talk about it in different

Recommended For You

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 3:00 PM EST | Source: Block & Leviton LLP
Boston, Massachusetts--(Newsfile Corp. - December 12, 2025) - Block & Leviton is investigating Rezolute, Inc. (NASDAQ: RZLT) for potential securities law violations. Investors who have lost money in their Rezolute, Inc. investment should contact the firm to learn more about how they might recover those losses. For more details, visit https://blockleviton.com/cases/rzlt.

What is this all about?

Shares of Rezolute fell over 85 percent on December 11, after the company announced that its Phase 3 sunRIZE study in congenital hyperinsulinism failed to meet its primary or key secondary endpoints. The company had previously made optimistic statements about the strength of earlier data and the outlook for the program that may have misled investors. Block & Leviton is investigating.

Who is eligible?

Anyone who purchased Rezolute, Inc. common stock and has seen their shares fall may be eligible, whether or not they have sold their investment. Investors should contact Block & Leviton to learn more.

What is Block & Leviton doing?

Block & Leviton is investigating whether the Company committed securities law violations and may file an action to attempt to recover losses on behalf of investors who have lost money.

What should you do next?

If you've lost money on your investment, you should contact Block & Leviton to learn more via our case website, by email at [email protected], or by phone at (888) 256-2510.

Whistleblower?

If you have non-public information about Rezolute, Inc., you should consider assisting in our investigation or working with our attorneys to file a report with the Securities Exchange Commission under their whistleblower program. Whistleblowers who provide original information to the SEC may receive rewards of up to 30% of any successful recovery. For more information, contact Block & Leviton at [email protected] or by phone at (888) 256-2510.

Why should you contact Block & Leviton?

Block & Leviton is widely regarded as one of the leading securities class action firms in the country. Our attorneys have recovered billions of dollars for defrauded investors and are dedicated to obtaining significant recoveries on behalf of our clients through active litigation in the federal courts across the country. Many of the nation's top institutional investors hire us to represent their interests. You can learn more about us at our website www.blockleviton.com, call (888) 256-2510 or email [email protected] with any questions.

This notice may constitute attorney advertising.

CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (888) 256-2510
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277926

The AI boom isn’t just reshaping the digital economy—it’s triggering a copper crunch that could redefine global resource markets for decades. As hyperscale data centers multiply and energy demand surges, copper has emerged as the silent backbone of the AI revolution, pushing prices to record highs and stretching supply chains to their limits.

In this op-ed, Frank Holmes, CEO of U.S. Global Investors (NASDAQ:GROW), explains why the world’s accelerating appetite for computing power is colliding head-on with one of the most constrained metals on the planet (and why the implications for investors could be profound).

A conventional data center uses between 5,000 and 15,000 tons of copper. A hyperscale data center, on the other hand—the kind being built to run artificial intelligence (AI)—can require up to 50,000 tons of copper per facility, according to the Copper Development Association.

Think about that for a second. A single AI data center that uses more copper than three conventional facilities combined.

That’s why I think the AI story is about much more than just raw compute power. It also involves electrical infrastructure at a scale we’ve never seen before. And these massive facilities have an insatiable appetite for copper.

It’s not hard to see why the red metal has been on fire in 2025. It hit a fresh record high last week, surging past $11,705 per metric ton on the London Metal Exchange (LME), an increase of 32% from the start of the year. (And if you think that’s impressive, consider that gold, silver and copper are all reaching new all-time highs together for the first time in 45 years.)

Investment banks are bullish. JPMorgan expects copper to reach $12,500 per ton in the second quarter of 2026, averaging around $12,075 for the full year. UBS is even more optimistic, projecting $13,000 by the end of next year.

Why rising copper prices won’t slow AI buildout
Data centers currently consume about 1.5% of global electricity supply, roughly the same amount as the entire U.K., according to the International Energy Agency (IEA). The organization believes that, by 2030, demand will more than double, with AI responsible for much of the increase. That means data centers could be consuming more than half a million metric tons of copper annually by the end of the decade.

As executive chairman of HIVE Digital Technologies, I’ve watched this transformation firsthand. The infrastructure needed to power this new digital economy—whether it’s Bitcoin mining, AI training or cloud computing—is staggering. And it all runs on copper.

But here’s the thing: unlike other sectors where high input costs might take a bite out of demand, data center developers are largely indifferent to copper prices. According to Wood Mackenzie (WoodMac), the metal accounts for less than 0.50% of total project costs, which is little more than a rounding error.

Demand, then, is relatively price-inelastic. Data centers will be built whether copper is trading at $10,000 or $20,000.

A 30% supply deficit could be coming by 2035
Here’s where I think investors should pay close attention. While demand is accelerating at a breakneck speed, supply is facing structural constraints that can’t be solved with a simple turn of the spigot.

Analysts are sounding the alarm. At a recent conference on critical minerals, the IEA warned attendees that copper is heading toward a supply deficit that could reach as high as 30% by 2035, making it one of the most vulnerable metals in global supply chains.

WoodMac, meanwhile, expects global copper demand to surge 24% by 2035, reaching nearly 43 million tons per year. To meet that demand, the industry will need 8 million tons of new mining capacity, requiring investment exceeding $210 billion.

To put that into context, total capital investment in copper mining over the past six years was only around $76 billion, WoodMac says.

Solving the mining bottleneck
To be clear, we’re nowhere close to running out of copper in the ground. The U.S. Geological Survey (USGS) estimates 48 million tons of identified copper resources domestically, more than enough to supply the country for decades.

The challenge is converting the raw ore into usable metal at speed and scale. Even if we wanted to rapidly develop new supply, we couldn’t. The time required to bring a new copper mine online in the U.S. averages 19 years, one of the longest in the world.

S&P Global’s research shows that, between 2019 and 2023, only four copper discoveries were made around the globe, amounting to only around 4.2 million tons. Large, high-grade deposits are becoming rarer, and when they’re discovered, getting them into production takes longer than ever.

Consider Arizona’s $10 billion Resolution copper project. Discovered decades ago, it’s now targeting 2030 for production, a 35-year timeline from discovery to first pour.

Every major growth trend is copper-intensive
The fundamentals supporting copper’s ongoing rally are about as solid as I’ve seen in my 40+ years in capital markets. Every major trend driving global growth right now—AI, renewable energy, electric vehicles, grid modernization—is copper-intensive.

When you have multiple banks projecting copper above $12,000 a ton, when the IEA is warning of 30% supply deficits, and when a single AI data center can consumer as much copper as three conventional facilities, it’s time to pay attention.

As I’ve said during previous copper cycles, we may need a telescope to see where prices are headed. This time, with AI adding fuel to an already tight market, that telescope might need to be pointed even higher.

Frank Holmes is the CEO and Chief Investment Officer of U.S. Global Investors (NASDAQ:GROW). With over 30 years of experience, he leads the company's mutual funds, receiving recognition from Lipper and Morningstar, and ventured into the exchange-traded fund (ETF) business in 2015. Additionally, Holmes serves as executive chairman of HIVE Blockchain Technologies, the first cryptocurrency mining company to go public, mining Bitcoin, and is a renowned keynote speaker at national and international investment conferences.