Market Signal Briefing

Executive Interview | Jas Shah | FMLS:25

Executive Interview | Jas Shah | FMLS:25

Executive Interview | Jas Shah | FMLS:25

Executive Interview | Jas Shah | FMLS:25

Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.

Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.

Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.

Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

Vitalii Bulynin Talks About Versus Trade, New Pairs, and Big Plans

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

In this interview, Versus Trade Co-Founder Vitalii Bulynin explains how the company got its license fast, why its trading pairs are fresh and fun, and what the team will build next.
He also discusses the most active pairs, the IB and MIB plans, and hiring needs for new markets.
Watch the whole talk to learn more about how Versus Trade works and where it is heading.
#financemagnates #VersusTrade #TradingPairs #BTCvsGold #goldtrading #innovation

Marketing in 2026 Audiences, Costs, and Smarter AI

Marketing in 2026 Audiences, Costs, and Smarter AI

Marketing in 2026 Audiences, Costs, and Smarter AI

Marketing in 2026 Audiences, Costs, and Smarter AI

Marketing in 2026 Audiences, Costs, and Smarter AI

Marketing in 2026 Audiences, Costs, and Smarter AI

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

As brokers eye B2B business and compete with fintechs and crypto exchanges alike, marketers need to act wisely with often limited budgets. AI can offer scalable solutions, but only if used properly.
Join seasoned marketing executives and specialists as they discuss the main challenges they identify in financial services in 2026 and how they address them.
Attendees of this session will walk away with:
- A nuts-and-bolts account of acquisition costs across platforms and geos
- Analysis of today’s multi-layered audience segments and differences in behaviour
- First-hand account of how global brokers balance consistency and local flavour
- Notes from the field about intelligently using AI and automation in marketing
Speakers:
-Yam Yehoshua, Editor-In-Chief at Finance Magnates
-Federico Paderni, Managing Director for Growth Markets in Europe at X
-Jo Benton, Chief Marketing Officer, Consulting | Fractional CMO
-Itai Levitan, Head of Strategy at investingLive
-Roberto Napolitano, CMO at Innovate Finance
-Tony Cross, Director at Monk Communications
#fmls #fmls25 #fmevents #FintechMarketing #AI #DigitalStrategy #Fintech #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Fail Better Trading Tech to Tackle Industry Risks

Fail Better Trading Tech to Tackle Industry Risks

Fail Better Trading Tech to Tackle Industry Risks

Fail Better Trading Tech to Tackle Industry Risks

Fail Better Trading Tech to Tackle Industry Risks

Fail Better Trading Tech to Tackle Industry Risks

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Much like their traders in the market, brokers must diversify to manage risk and stay resilient. But that can get costly, clunky, and lengthy.
This candid panel brings together builders across the trading infrastructure space to uncover the shifting dynamics behind tools, interfaces, and full-stack ambitions.
Attendees will hear:
-Why platform dependency has become one of the most overlooked risks in the trading business?
-Buy vs. build: What do hybrid models look like, and why are industry graveyards filled with failed ‘killer apps’?
-How AI is already changing execution, risk, and reporting—and what’s next?
-Which features, assets, and tools gain the most traction, and where brokers should look for tech-driven retention?
Speakers:
-Stephen Miles, Chief Revenue Officer at FYNXT
-John Morris, Co-Founder at FXBlue
-Matthew Smith, Group Chair & CEO at EC Markets
-Tom Higgins, Founder & CEO at Gold-i
-Gil Ben Hur, Founder at 5% Group
#fmls #fmls25 #fmevents #Brokers #Trading #Fintech #FintechInnovation #TradingTechnology #Innovation
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

Educators, IBs, And Other Regional Growth Drivers

Educators, IBs, And Other Regional Growth Drivers

Educators, IBs, And Other Regional Growth Drivers

Educators, IBs, And Other Regional Growth Drivers

Educators, IBs, And Other Regional Growth Drivers

Educators, IBs, And Other Regional Growth Drivers

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
🐦 Twitter: / f_m_events
🎥 TikTok: / fmevents_official

When acquisition costs rise and AI generated reviews are exactly as useful as they sound, performing and fair partners can make or break brokers.
This session looks at how these players are shaping access, trust and user engagement, and what the most effective partnership models look like in 2025.
Key Themes:
- Building trader communities through education and local expertise
- Aligning broker incentives with long-term regional strategies
- Regional regulation and the realities of compliant acquisition
- What’s next for performance-driven partnerships in online trading
Speakers:
-Adam Button, Chief Currency Analyst at investingLive
-Zander Van Der Merwe, Key Individual & Head of Sales at TD Markets
-Brunno Huertas, Regional Manager – Latin America at Tickmill
-Paul Chalmers, CEO at UK Trading Academy
#fmls #fmls25 #fmevents #Brokers #FinanceLeadership #Trading #Fintech #BrokerGrowth #FintechPartnerships #RegionalMarkets
Connect with us at:
🔗 LinkedIn: / financemagnates-events
👍 Facebook: / financemagnatesevents
📸 Instagram: / fmevents_official
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🎥 TikTok: / fmevents_official

Dogecoin Hovers Near Key Support as Fed Easing Fails to Spark Risk RallyDespite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.Updated Dec 12, 2025, 5:45 a.m. Published Dec 12, 2025, 5:45 a.m.

(CoinDesk Data)

What to know: The Federal Reserve's 25-basis-point rate cut has led to mixed market reactions, with Dogecoin trading quietly within its established range.Dogecoin's price remains stable between $0.13 and $0.15, with whale wallets accumulating significant amounts of the cryptocurrency.Despite elevated trading activity, Dogecoin faces resistance near $0.1425, and its future movement is likely dependent on broader market sentiment.Dogecoin traded quietly after the Federal Reserve delivered a widely anticipated rate cut, holding key support as traders assessed what easier policy means for risk assets.

News BackgroundThe Federal Reserve announced a 25-basis-point cut to its benchmark rate on Wednesday, lowering the target range to 3.5%–3.75%. While the move marked the third cut of the year, policymakers signaled growing internal disagreement. Some members supported further easing to protect a weakening labor market, while others warned that additional cuts risk reigniting inflation pressures. The mixed tone limited immediate risk-on follow-through across markets, with crypto prices stabilizing rather than extending gains.Against this backdrop, Dogecoin continued to see steady on-chain engagement. Whale wallets accumulated roughly 480 million DOGE over recent sessions, and trading activity remained elevated following the launch of spot DOGE ETFs from Grayscale and Bitwise. However, ETF-related flows have so far failed to produce sustained directional momentum.Price Action SummaryDOGE rose 0.69% to around $0.1405 over the past 24 hours, remaining firmly within its multi-week $0.13–$0.15 consolidation range. Price moved between $0.1382 and $0.1408 during the session, reflecting restrained participation despite the macro catalyst. Trading volume reached approximately 651.7 million tokens, about 7% above the seven-day average, suggesting positioning rather than aggressive accumulation. Repeated attempts to clear resistance near $0.1425–$0.1430 were rejected, while buyers continued to defend the $0.1380 area.Technical AnalysisTechnically, DOGE remains in a compression phase. Horizontal support near $0.1380 has now held through multiple tests, reinforcing its importance as a near-term floor. Momentum indicators remain neutral, consistent with range-bound conditions rather than trend development. The structure continues to resemble a pennant or volatility coil, implying that a sharper move is more likely to come from a breakout or breakdown than gradual drift. Until price reclaims the upper boundary of the range, upside attempts are likely to face selling pressure.What Traders Should KnowWith the Fed cut now priced in and policymakers signaling uncertainty about further easing, DOGE appears more sensitive to broader risk sentiment than to token-specific catalysts. Holding above $0.1380 keeps the structure intact, but failure to reclaim $0.1420–$0.1450 suggests upside remains capped for now. A sustained break above that zone would open the door toward $0.16–$0.18, while a loss of $0.1380 would expose the lower end of the range near $0.13.For now, DOGE remains a consolidation trade in a post-Fed, wait-and-see market.More For You

Protocol Research: GoPlus Security

Nov 14, 2025

What to know:

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

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Boring Bitcoin's Green Light Moment Incoming?

5 minutes ago

BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.

What to know:

The Federal Reserve's recent rate cut did not significantly impact bitcoin's price, which remains directionless.Bitcoin's MACD histogram signals potential bullish momentum, while the dollar index's points bearish.The ETF flows continue to disappoint. Read full story

Top Stories

Journalist

Posted: December 12, 2025

AVAX’s recent breakout from its falling-wedge consolidation pattern is already starting to lose momentum. In fact, the altcoin’s prices slipped by 9% just recently – Pointing to early signs of exhaustion from bulls.

Additionally, at the time of writing, the token’s Stochastic RSI was just bouncing off from an overbought zone, hinting at an exhaustion phase.

Source: TradingView

A step towards regional adoption
The timing here is especially interesting, with AVAX’s recent price movement coming on the back of Avalanche Foundation announcing the establishment of a Distributed Ledger Technology (DLT) Foundation within the Abu Dhabi Global Market (ADGM).

According to the announcement, the initiative is designed to enhance transparency and accelerate token adoption across the Middle East. This will be a strategic move that could strengthen long-term demand for the Avalanche ecosystem.

Could rising adoption and buyer dominance engineer a bullish reversal?
Consequently, the question now is whether rising adoption and strengthening buyer dominance could engineer a bullish reversal.

With adoption set to expand and buyer interest gradually building, AVAX could attempt a fresh bullish recovery once the ongoing correction begins to cool off. In fact, the altcoin’s Taker Cumulative Volume Delta data hinted at a surge in buyers’ dominance over the last 2 weeks.

Source: CryptoQuant

Additionally, if momentum returns, the next meaningful reaction is likely to develop near the wedge’s upper resistance level – An area that has historically triggered price responses.

A look at contract activity and TVL
AVAX’s on-chain data seemed to offer a somewhat mixed outlook though.

Consider this – Avalanche’s ecosystem contract activity has significantly risen this month. The number of transactions on the ecosystem surged by 0.2 million to 6.9 million over the last 24 hours alone, signalling heightened network usage.

Source: Token Terminal

On the other hand, AVAX’s Total Value Locked dipped by 5%, despite holding its broader structural trend.

The fall in the token’s Total Value Locked may be indicative of a strategic disbursal by holders to generate the required liquidity for the next major move.

Source: DefiLlama

What’s next for AVAX?
On the daily chart, the altcoin’s structure has been bullish with the wedge resistance a key reference point for the price action’s next trajectory. The liquidity cluster around the $13-level could be the next target.

Finally, the projected long-term gains on the adoption and activity fronts might hint at a potential reversal ahead at the wedge support.

Final Thoughts

Avalanche’s ADGM-based DLT Foundation could accelerate token adoption across the Middle East.
Despite a hike in buyer interest, AVAX’s recovery still depends on demand returning at key technical levels.

Bitcoin, Ether Steady as AI Fears Send Oracle Tumbling Down, Traders Eye Next Wave of Rate CutsTraders appeared more focused on preserving trend structure than chasing upside, with flows concentrated in large-cap assets.Updated Dec 12, 2025, 7:15 a.m. Published Dec 12, 2025, 6:30 a.m.

U.S. stocks pulled back Thursday after Oracle Corp. posted its steepest decline in nearly a year, reigniting concerns that heavy artificial intelligence spending is straining balance sheets faster than it is generating returns.

Meanwhile, the crypto market traded with relative stability, decoupling modestly from equity weakness as traders remained selective about risk.

STORY CONTINUES BELOW

Bitcoin traded back above $92,000, according to CoinDesk data, extending modest gains after holding key support earlier this week. The largest token was up about 2.6% on the day, stabilizing after a volatile stretch that briefly dragged prices toward the low $90,000s.

Traders appeared more focused on preserving trend structure than chasing upside, with flows concentrated in large-cap assets.

“Major institutions are increasingly divided on the forward path,” analysts at Bitunix told CoinDesk in an email. “Some argue improving inflation supports further cuts beginning in March, while others expect a January pause, a wait-and-see approach through the first half, or even a delay in easing until after June.”

“Several Wall Street firms noted that this “hawkish cut” highlights the FOMC’s growing difficulty maintaining cohesion under Powell’s leadership,” the email added.

Ether rose alongside bitcoin, climbing toward $3,260, while SOL outperformed majors with a jump of more than 6%, reflecting renewed interest in higher-beta layer-1 tokens as risk appetite selectively returned.

XRP and BNB posted smaller gains, remaining range-bound as investors awaited clearer signals on spot ETF developments and broader market direction. Dogecoin edged higher but stayed lower on a weekly basis, continuing to mirror broader sentiment rather than token-specific catalysts.

Oracle shares slid more than 11%, the biggest one-day drop since January, after the company disclosed a sharp increase in capital expenditures tied to AI data centers and infrastructure.

Quarterly spending climbed to about $12 billion, well above expectations, while the company lifted its full-year capex outlook to roughly $50 billion — a $15 billion increase from its September forecast.

That move raised fresh doubts over when AI investments will meaningfully translate into cloud revenue, pushing Oracle’s stock to its lowest level since early 2024 and sending a measure of its credit risk to a 16-year high.

The selloff weighed on broader tech sentiment, particularly across AI-linked names that have powered much of this year’s equity rally. The Nasdaq 100 slipped, while investors rotated cautiously into other sectors, underscoring growing sensitivity to spending discipline rather than top-line growth alone.

With markets digesting both a more fractured Federal Reserve outlook and mounting scrutiny of AI economics, investors appear poised to remain tactical.

Near-term direction is likely to hinge less on policy signals and more on whether earnings and liquidity can justify the next leg of risk-taking across assets.

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Protocol Research: GoPlus Security

Nov 14, 2025

What to know:

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

More For You

Boring Bitcoin's Green Light Moment Incoming?

5 minutes ago

BTC continues to bore traders with its directionless price action. But some indicators are pointing to renewed bullishness.

What to know:

The Federal Reserve's recent rate cut did not significantly impact bitcoin's price, which remains directionless.Bitcoin's MACD histogram signals potential bullish momentum, while the dollar index's points bearish.The ETF flows continue to disappoint. Read full story

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Depository Trust & Clearing Corporation (DTCC) received approval from the SEC to start an operation of tokenizing traditional assets. Chainlink could greatly benefit from this given that it has partnered with the organization since 2024.

DTCC Gains SEC Approval for Handling Tokenized Assets
According to a press release, the corporation announced that its subsidiary, Depository Trust Company (DTC), achieved a No-Action Letter from the U.S. SEC. The letter allowed them to operate a controlled production tokenization service for three years.

The launch will start in the second half of 2026. This will enable DTC to start delivering blockchain-based traditional securities on approved layer 1 and 2 networks.

The permission applies exclusively to a select group of very liquid assets. These assets include stocks on the Russell 1000 list, prime index-tracking ETFs, and U.S. government debt securities like U.S. Treasury bills, bonds, and notes.

“I would like to extend a word of appreciation to the SEC for entrusting us with this project. The tokenization of the U.S. securities market could unlock radically new benefits with regards to collateral mobility, new forms of trading, 24/7 access, and programmable assets,” Frank La Salla, President and CEO, DTCC.

Only participants of DTC and their clients will be eligible for accessing the services within the initial stage so as to keep it closely monitored.

No-Action Letters issued by the SEC rarely happen. The latest issue, as reported by CoinGape, was seen at the end of September. The SEC decided not to take action against DoubleZero at that time. Experts say this shows a positive change in the rules for financial services that use blockchain.

How Will Chainlink Benefit From the Tokenization Plans?
The largest beneficiary from the corporation’s new mandate could be Chainlink. In 2024, the project worked with DTCC and a group of major U.S. banks to kick start plans for turning traditional funds into tokens.

The corporation completed its Smart NAV Pilot using Chainlink’s Cross-Chain Interoperability Protocol. This process made it easier to share NAV data across different blockchains after trading. The pilot served as a test run for the planned launch.

At an industry event last month, Dan Doney, the CTO of DTCC, said that working with Chainlink helps the organization to efficiently update settlement systems and modernize the market.

“By using partners like Chainlink, we’re able to move … very quickly & completely update financial markets.”

—Dan Doney, Managing Director, CTO at DTCC pic.twitter.com/d7gJKwhCPY

— Chainlink (@chainlink) November 10, 2025

Interest in financial products that use blockchain technology has been growing. In fact, the monthly transaction volume reached over $1.4 billion recently.

TLDR

YouTube now enables U.S. creators to receive payouts in PayPal’s stablecoin, PYUSD.
PayPal’s PYUSD stablecoin launched in 2023, pegged to the U.S. dollar for stability.
YouTube extends its relationship with PayPal by offering stablecoin payouts to creators.
PYUSD is integrated into multiple PayPal services, including Venmo and merchant payments.
Google Cloud has already accepted PYUSD payments, signaling broader industry adoption.

YouTube has introduced a new feature allowing creators to receive payouts in PayPal’s stablecoin, PYUSD. According to a report by FORTUNE, this option is available exclusively to U.S.-based creators, as confirmed by May Zabaneh, PayPal’s head of crypto. The decision comes after PayPal added the ability for payment recipients to choose PYUSD for payouts earlier this year.

PayPal’s PYUSD Integration with YouTube
PayPal launched its stablecoin, PYUSD, earlier in 2023. The stablecoin is pegged to the U.S. dollar and offers a more stable alternative to other cryptocurrencies. Zabaneh explained that PayPal’s stablecoin integration enables creators to receive their earnings without YouTube needing to interact directly with crypto.

YouTube has long been a customer of PayPal for its payment services. The video platform has now extended this relationship by offering PYUSD payouts to creators. YouTube confirmed the integration, though it declined to offer further comment.

Big Tech Moves Toward Stablecoins
YouTube’s latest move highlights the growing interest in stablecoins by major tech companies. PayPal has led this trend, offering a range of crypto services since 2020. The launch of PYUSD was followed by other developments, such as its use in PayPal’s Venmo app and as a payment option for merchants.

This comes at a time when Google and other tech giants are testing crypto solutions. YouTube’s use of PYUSD is part of the broader adoption of stablecoins in the fintech sector. In fact, Google Cloud has already accepted PYUSD payments from some of its customers, according to a previous statement from the company.

PYUSD Expands Across PayPal Products
Since the launch of PYUSD, PayPal has expanded its use across its various platforms. Users can hold and transfer the stablecoin in PayPal’s wallet and Venmo. In February, PayPal announced that small and medium-sized businesses could use PYUSD to pay vendors. PayPal’s approach allows creators and users to interact with crypto without dealing with the complexities of blockchain technology.

The integration of PYUSD into YouTube payouts is just one example of how the stablecoin is becoming more widely accepted. The new payout option for YouTube creators is live and operational for users in the U.S. The integration comes as part of PayPal’s ongoing efforts to broaden the reach of PYUSD.

Zcash ZEC is one of today’s most trending cryptocurrencies in the crypto market, jumping about 13% and trading around $460. The rally has pushed ZEC’s market cap above $7.5 billion, with trading volume surging over $1.14 billion in the past 24 hours. 

While overall cryptocurrencies are moving sideways and struggling to rally upwards, ZEC is outperforming them.

So, what’s behind this jump? Will it continue its rally or dip?

Zcash Dynamic Fee Proposal Boosts ConfidenceOne of the main reasons ZEC is rising is the new dynamic fee proposal from the Zcash developer team. Developers and Shielded Labs propose to replace Zcash’s old static transaction fees with a dynamic fee market system, which sometimes causes high or unpredictable transaction costs.

The goal is to make transactions cheaper and smoother during busy times. This update has caught traders’ attention and is seen as a strong step forward for the project.

Strong Market Activity Boosts Institutional InterestAnother factor supporting ZEC’s rise is the jump in trading activity. Market data shows ZEC’s 24-hour volume surged by 26% to $1.14 billion, showing stronger interest from both retail and professional traders.

This growing activity has also encouraged more institutional attention. Cypherpunk Technologies has expanded its ZEC holdings, which has helped highlight the token’s long-term value.

On top of it, Cypherpunk added Zcash founder Zooko Wilcox as an advisor. 

Whale Activity Heavily Supports the PriceInterestingly, large holders and whale investors have also played a big role in today’s rise. On-chain data shows heavy accumulation, around $100 million worth of ZEC. Another big wallet increased its position from 31,000 to 45,000 ZEC, sending tokens to Hyperliquid to open long positions. 

This kind of buying reduces available supply and often pushes the price higher as demand grows.

Zcash ZEC Price OutlookAfter this sudden rise, ZEC now sits right below a resistance area that has been difficult to cross in the past. According to trader Crypto Pulse, this zone has stopped several strong rallies before, each time sending the price lower.

If ZEC breaks above the $460 level, it could trigger a bigger rally toward the $600 level, which acted as an important area in earlier cycles.

Meanwhile, technical indicators like RSI are sitting around 57, showing there is still room for the price to move higher. 

But if ZEC fails to break through again, it may fall back toward the $370 support area.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Data shows the XRP transfer fee has witnessed a significant decrease over the last several months, a sign network activity has been declining.

XRP Transaction Fee Has Dropped To 650 Tokens Per Day
In a new post on X, on-chain analytics firm Glassnode has discussed the latest trend in the Total Transaction Fees indicator for XRP. This metric measures, as its name suggests, the amount of fees that senders on the XRP network attach to their transactions every day.

On blockchains like Bitcoin and Ethereum, the transaction fee goes to the network validator who added the associated move to the next block. In the case of BTC, the network runs on a consensus mechanism called the proof-of-work (PoW), with validators called miners competing against each other using computational resources to get the chance to add the next block to the chain.

While for ETH, validators known as stakers handle consensus by locking in an ETH amount known as the “stake.” This mechanism is known as the proof-of-stake (PoS).

XRP takes an approach that differs from both digital asset giants. In the XRP Ledger Consensus Protocol, network validators maintain a list of other validators that they trust. Validators propose and vote on transactions, with consensus being reached when more than 80% of trusted nodes agree on the validity of the transactions.

The key difference is that in this system, there are no block/staking rewards, and validators aren’t compensated with transaction fees, either. Instead, the fee that users pay is destroyed. This means that every time a transaction occurs, a tiny part of the asset’s supply exits from circulation.

While the destination of the transaction fees is different for XRP when compared to Bitcoin and Ethereum, the network dynamics can still be similar. In other words, high traffic can push the Total Transaction Fees metric up, while low activity periods can lead to a drop in it.

Now, here is the chart shared by Glassnode that shows the trend in the 90-day simple moving average (SMA) of the XRP Total Transaction Fees over the last few years:

Looks like the value of the metric has been going down in recent months | Source: Glassnode on X
As displayed in the above graph, the XRP Total Transaction Fees witnessed a surge to an extreme level in early 2025. Users were paying 5,900 tokens per day as transfer fees at the peak of this explosion in February.

Since then, however, the blockchain has witnessed a rapid decline in the indicator. Today, the network is witnessing just 650 tokens per day in fees, reflecting a decrease of about 89% from the February high. The 90-day SMA Total Transaction Fees haven’t been this low for the asset since December 2020.

XRP Price
XRP has gone downhill during the last couple of days as its price has returned to the $2.00 level.

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

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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.

8h05 ▪
5
min read ▪ by
Luc Jose A.

Summarize this article with:

The $100,000 threshold for bitcoin fascinates as much as it divides. A symbol of global adoption and a completed bull cycle, it remains, approaching the end of the year, a goal that is moving away. On predictive markets, conviction is eroding: bettors no longer believe in it. Between uncertain monetary policy and the exhaustion of bullish flows, the momentum seems suspended. The dominant scenario is no longer the explosion, but waiting. And in this in-between, bitcoin plays a more strategic than euphoric game.

In brief

The predictive markets Polymarket and Kalshi estimate the chances of a Bitcoin at $100,000 before the end of 2025 to be less than 35%.
BTC caps below $95,000, hitting a major technical resistance around $94,000.
The current ascending triangle configuration could lead to a rebound towards $98,000, but not beyond in the short term.
The slowdown of institutional buying slows bullish momentum despite some massive purchases, such as those by Strategy.

Predictive markets decide : the $100,000 moves away
On predictive market platforms, the scenario of a bitcoin crossing $100,000 by December 31, after its drop below this threshold, is now largely in the minority.

Polymarket estimates this probability at only 29 %, while Kalshi, a platform regulated by the CFTC, shows 34 %. These figures, noted on December 11, reflect a market consensus: despite the bullish momentum of recent weeks, the current conditions do not seem to be met for an imminent crossing of this symbolic threshold.

The highest reached this month remains $94,600, a level not surpassed since November 13.

Several technical elements explain this caution among investors :

The formation of an ascending triangle visible on short time frames, often interpreted as a bullish configuration, but which still needs confirmation ;

A technical resistance located between $93,300 and $94,000, corresponding to the annual open zone, which BTC struggles to break through ;

Daan Crypto Trades, an analyst followed on X, estimates that “the price is currently pressing against this resistance”, but that in case of a break, “it could simply retest the previous support zone around $98,000” ;

The significant liquidity presence in this $98,000 zone could slow any upward attempt towards $100,000.

In other words, the market is in a technical waiting phase. The chart configuration opens the door for a rebound to $98,000, but does not give clear signals for a sustained crossing of the $100,000 mark in the very short term. The predictive markets therefore reflect a realistic sentiment rather than a complete rejection of the bullish scenario.

Weak institutional support
Beyond technical analysis, a key factor explains market caution: the visible slowdown of institutional purchases.

Capriole Investments points out that the daily bitcoin purchase rate by companies is declining. A dynamic that could reflect a form of exhaustion or caution, especially in an still uncertain macroeconomic context.

This slowdown in demand, often a driver of previous rallies, mechanically weighs on short-term prospects. Despite this, some players like Strategy continue their acquisitions. The firm has raised its holdings to 660,624 bitcoins, after a recent purchase of 10,624 BTC for approximately $962.7 million. However, these operations, although massive, are no longer enough on their own to pull the market up.

At the same time, expectations of a bullish revival linked to American monetary policy have not materialized. Despite the recent announcement of a Fed rate cut, investors did not rush into risky assets. The moderate crypto market reaction to this decision reflects a climate of persistent caution.

Bitcoin remains waiting for a clear signal, both technical and fundamental, to really start rising again. In this sense, immediate prospects remain constrained, even if the underlying trend remains structurally bullish according to several analysts.

In a context of persistent uncertainty, risk aversion is shaking the crypto market, relegating euphoric scenarios to the background. Bets are tightening, and the $100,000 threshold becomes less a target and more a test of patience for investors who are now more cautious than speculative.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

VCSH and IGSB look similar on the surface, yet their construction leads to meaningfully different experiences for bond investors. This breakdown shows how each ETF builds stability and which approach fits your investment strategy.

The two short-term corporate bond ETFs may appear interchangeable, but how they build their portfolios can determine the stability and income investors ultimately receive.

Costs are nearly identical, but iShares 1-5 Year Investment Grade Corporate Bond ETF offers a slightly higher yield than Vanguard Short-Term Corporate Bond ETFBoth ETFs delivered the same 1-year return and nearly identical risk profiles, with minimal drawdowns over five yearVanguard Short-Term Corporate Bond ETF reports fewer line items due to sampling but still owns thousands of bonds, while iShares 1-5 Year Investment Grade Corporate Bond ETF offers much broader diversification.Vanguard Short-Term Corporate Bond ETF (VCSH) and iShares 1-5 Year Investment Grade Corporate Bond ETF (IGSB) look similar on costs and recent returns, but differ in yield and portfolio breadth.

Both funds seek to deliver current income with limited volatility by focusing on investment-grade U.S. corporate bonds with short maturities. While VCSH is known for its low cost and streamlined sampling approach, which captures the investment-grade short-term universe without holding every individual bond, IGSB stands out for its vast portfolio and slightly higher payout, making the match-up relevant for conservative income investors.

Snapshot (cost & size)MetricVCSHIGSBIssuerVanguardISharesExpense ratio0.03%0.04%1-yr return (as of Nov. 28, 2025)1.8%1.8%Dividend yield4.3%4.4%Beta0.440.13AUM$46.8 billion$21.8 billionBeta measures price volatility relative to the S&P 500; beta is calculated from five-year weekly returns. The 1-yr return represents total return over the trailing 12 months.

Costs are nearly indistinguishable, with VCSH just edging out IGSB by 0.01 percentage points on fees, but IIGSB currently distributes a slightly higher yield (4.4% vs 4.3%), giving income-focused investors a modest edge.

Performance & risk comparisonMetricVCSHIGSBMax drawdown (5 y)(9.47%)(9.46%)Growth of $1,000 over 5 years$963$963Both ETFs experienced nearly identical maximum drawdowns over the past five years, and a $1,000 investment in either would have resulted in a very similar outcome. IGSB’s slightly lower beta indicates marginally less sensitivity to equity markets, though the practical difference is small for most investors.

What's insideIGSB focuses exclusively on U.S. dollar-denominated, investment-grade corporate bonds with one- to five-year maturities. IGSB’s massive roster of more than four thousand bonds spreads credit exposure widely, reducing the impact of any single issuer. Its holdings span the full landscape of investment-grade corporates, making it a broad and stable vehicle for short-duration income.

VCSH tracks the same universe through a sampling approach, which means it reports fewer line items but still reflects the broader short-term corporate bond market. Its focus results in a cleaner maturity profile and slightly more predictable rate sensitivity compared to IGSB.

For more guidance on ETF investing, check out the full guide at this link.

Foolish takeShort-term corporate bond ETFs often look interchangeable at first glance, yet the way they build and balance their portfolios can influence how reliably they deliver income and stability over time. IGSB leans on scale to do that work. By holding more than four thousand individual bonds, it spreads credit exposure across a wide range of issuers and industries. That breadth produces a smoother stream of income and reduces the impact of any single credit event, which is valuable in a corner of the market where investors prize consistency. Its slightly higher yield also gives income seekers a small but tangible edge.

VCSH approaches the same universe with a more intentional structure. Its sampling method produces a cleaner maturity profile and helps the fund respond to rate movements more predictably. That cost efficiency and structural clarity appeal to investors who want their short-term bond allocation to feel steady and easy to maintain.

Both funds serve long-term investors well, and they are built with different priorities. IGSB excels when broad diversification and income are the guiding goals. VCSH stands out when cost discipline and consistent rate sensitivity matter more. The better fit is simply the one whose structure aligns with how you expect your short-term bonds to protect the rest of your portfolio.

GlossaryETF: Exchange-traded fund; a pooled investment fund traded on stock exchanges, holding assets like stocks or bonds.
Expense ratio: Annual fund operating expenses expressed as a percentage of average assets under management.
Dividend yield: Annual income from dividends as a percentage of the fund's current price.
Beta: A measure of an investment’s volatility compared to the overall market, typically the S&P 500.
Drawdown: The decline from a fund’s peak value to its lowest point over a specified period.
AUM: Assets under management; the total market value of assets a fund manages for investors.
Investment-grade: Bonds rated as relatively low risk of default by major credit rating agencies.
Corporate bond: A debt security issued by a corporation to raise capital, typically paying periodic interest.
Leverage: The use of borrowed money to increase potential investment returns, which also increases risk.
Currency hedging: Strategies used to reduce the impact of currency exchange rate fluctuations on investments.
Diversification: Spreading investments across various assets to reduce overall risk.
Max drawdown: The largest observed loss from a fund’s peak to its lowest point over a specific time frame.

, /PRNewswire/ -- Yum China Holdings, Inc. (the "Company" or "Yum China") (NYSE: YUMC and HKEX: 9987) announced today that its Board of Directors (the "Board") has increased the Company's share repurchase authorization by US$1 billion to an aggregate of US$5.4 billion.

From 2017 to December 11, 2025, the Company repurchased approximately 97.7 million shares of common stock for US$4.2 billion. This increase brings the total remaining authorization to approximately US$1.2 billion.

Yum China may repurchase shares under this authorization from time to time in the open market or, subject to applicable regulatory requirements, through privately negotiated transactions, block trades, accelerated share repurchase transactions and the use of Rule 10b5-1 trading plans. The authorization has no expiration date.

Forward-Looking Statements

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including statements relating to our projected capital returns from 2025 and 2026. We intend all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally can be identified by the fact that they do not relate strictly to historical or current facts and by the use of forward-looking words such as "expect," "expectation," "believe," "anticipate," "may," "could," "intend," "belief," "plan," "estimate," "target," "predict," "project," "likely," "will," "continue," "should," "forecast," "outlook," "commit" or similar terminology. These statements are based on current estimates and assumptions made by us in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we believe are appropriate and reasonable under the circumstances, but there can be no assurance that such estimates and assumptions will prove to be correct. Forward-looking statements include, without limitation, statements regarding the Company's future strategies, growth, business plans, capital allocation strategy, capital return plans (including dividend and share repurchase plans). Forward-looking statements are not guarantees of performance and are inherently subject to known and unknown risks and uncertainties that are difficult to predict and could cause our actual results or events to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or assumptions will be achieved. The forward-looking statements included in this press release are only made as of the date of this press release, and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. Numerous factors could cause our actual results or events to differ materially from those expressed or implied by forward-looking statements. Our plan of capital returns to shareholders (including dividend and share repurchase plans) is based on current expectations, which may change based on market conditions, capital needs or otherwise. In addition, other risks and uncertainties not presently known to us or that we currently believe to be immaterial could affect the accuracy of any such forward-looking statements. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. You should consult our filings with the Securities and Exchange Commission (including the information set forth under the captions "Risk Factor" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q) for additional detail about factors that could affect our financial and other results.

About Yum China Holdings, Inc.

Yum China is the largest restaurant company in China with a mission to make every life taste beautiful. The Company operates over 17,000 restaurants under six brands across over 2,500 cities in China. KFC and Pizza Hut are the leading brands in the quick-service and casual dining restaurant spaces in China, respectively. In addition, Yum China has partnered with Lavazza to develop the Lavazza coffee concept in China. Little Sheep and Huang Ji Huang specialize in Chinese cuisine. Taco Bell offers innovative Mexican-inspired food. Yum China has a world-class, digitalized supply chain, which includes an extensive network of logistics centers nationwide and an in-house supply chain management system. Its strong digital capabilities and loyalty program enable the Company to reach customers faster and serve them better. Yum China is a Fortune 500 company with the vision to be the world's most innovative pioneer in the restaurant industry. For more information, please visit https://ir.yumchina.com/.

Contacts

Investor Relations Contact:
Tel: +86 21 2407 7556
[email protected] 

Media Contact:
Tel: +86 21 2407 3824
[email protected]

SOURCE Yum China Holdings, Inc.

, /PRNewswire/ -- Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving ALT5 Sigma Corporation (NASDAQ: ALTS) focused on whether ALT5 Sigma and certain of its top executives made false and/or misleading statements and/or failed to disclose material information to investors.

If you have information that could assist in the ALT5 Sigma investigation or if you are an ALT5 Sigma investor who suffered a loss and would like to learn more, you can provide your information here:

https://www.rgrdlaw.com/cases-alt5-sigma-corporation-investigation-alts.html

You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at [email protected].

THE COMPANY: ALT5 Sigma provides blockchain-powered technologies through its Fintech and Biotechnology segments. On August 11, 2025, ALT5 Sigma disclosed that it would raise approximately $1.5 billion before fees through both a registered direct offering as well as a private placement offering.

THE REVELATIONS: On August 29, 2025, ALT5 Sigma disclosed that "[o]n August 27, 2025, the Board was made aware that on May 7, 2025, the Intermediate Court of Nyarugenge, Rwanda, rendered a judgment finding ALT 5 Sigma Canada Inc., a subsidiary of [ALT5 Sigma], and its former principal, Mr. Andre Beauchesne, criminally liable for offenses including illicit enrichment and money laundering and denied the civil claim brought by Alt 5 Sigma Canada Inc. to obtain access to ALT 5 Sigma Canada Inc.'s funds held in a Rwandan bank to which they were allegedly deprived access." ALT5 Sigma further disclosed that its Board appointed an independent committee to investigate "potential misstatements or omissions in the financial statements of [ALT5 Sigma] and omissions of material information by certain members of management and personnel of [ALT5 Sigma]."

Then, on October 22, 2025, ALT5 Sigma revealed that "[o]n October 16, 2025, Peter Tassiopoulos was suspended by the Board of Directors of Alt5 Sigma . . . and removed of his duties as Chief Executive Officer. His suspension is effective immediately, with pay."

Thereafter, on November 18, 2025, ALT5 Sigma reported that ALT5 Sigma "will not be filing its Quarterly Report on Form 10-Q for that quarter timely."

Subsequently, as reported by Seeking Alpha on November 27, 2025, ALT5 Sigma "executed a major leadership overhaul, confirming the rapid, simultaneous departures of its CFO, Acting CEO, and COO, while swiftly appointing a new Acting CEO and an experienced CFO." Seeking Alpha further reported that ALT5 Sigma "also announced the departure of Director David Danziger, who resigned from the Board and all associated committees on November 25, 2025, citing personal reasons."

The following day, on November 28, 2025, ALT5 Sigma disclosed that "[o]n November 21, 2025, Hudgens CPA, PLLC . . .informed ALT5 Sigma . . . that the sole partner in Hudgens was retiring and effective immediately, Hudgens resigned as [ALT5 Sigma]'s independent registered public accounting firm."

And on December 3, 2025, ALT5 Sigma revealed that "[o]n December 3, 2025, [ALT5 Sigma] received a notice from The Nasdaq Stock Market LLC . . . , notifying [ALT5 Sigma] that, as a result of [David Danziger's] Resignation, [ALT5 Sigma] is not in compliance with the requirements under Nasdaq Listing Rule 5605 . . . , which requires, among other things, that [ALT5 Sigma] have an Audit Committee that has at least three members."

ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:

https://www.rgrdlaw.com/services-litigation-securities-fraud.html

Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices. 

Contact:
            Robbins Geller Rudman & Dowd LLP
            J.C. Sanchez, Jennifer N. Caringal
            655 W. Broadway, Suite 1900, San Diego, CA 92101
            800-449-4900
            [email protected] 

SOURCE Robbins Geller Rudman & Dowd LLP

HOUSTON--(BUSINESS WIRE)--CenterPoint Energy, Inc.'s (NYSE: CNP) Board of Directors today declared a regular quarterly cash dividend of $0.2300 per share on the issued and outstanding shares of Common Stock payable on March 12, 2026, to shareholders of record at the close of business on February 19, 2026. About CenterPoint Energy, Inc. CenterPoint Energy, Inc. (NYSE: CNP) is a multi-state electric and natural gas delivery company serving approximately 7 million metered customers across Indiana,.

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.

This diversified artificial intelligence (AI) giant is showing excellent momentum across all of its AI products.

Nvidia became the world's first $5 trillion company at the end of October, on the back of strong momentum and optimism for continued growth in artificial intelligence (AI) spending. It's an impressive milestone to be sure, but the stock has since fallen back down 10% to trade firmly in the $4 trillion territory.

As we enter 2026, a handful of stocks are making the case that they're also worth $5 trillion, and Nvidia investors expect to return to that level once again. But one stock stands out as my favorite to reach $5 trillion before anyone else next year.

Image source: Getty Images.

A major threat to Nvidia's dominance
Nvidia has produced excellent earnings growth for investors on the back of soaring demand for its GPUs. But ultimately, Nvidia is something of a one-trick pony. If its customers slow down spending or diversify their spending with other chipmakers, there's no other source of revenue that can make up for those losses. That's exactly the fear that sent shares down 10% since reaching an all-time high at the start of November.

Alphabet (GOOG 2.27%) (GOOGL 2.43%) has emerged as a meaningful threat to Nvidia's dominance. Alphabet and Anthropic announced a deal for the large language model developer to use its Tensor Processing Units (TPUs) on Google Cloud starting in 2026. Not only will that bring in a meaningful amount of revenue for Alphabet's cloud computing business, but it also represents a serious threat to Nvidia, as a leading AI developer is opting to use Alphabet's custom silicon instead of the leading GPUs.

More recently, a report from The Information said Meta Platforms is also interested in using TPUs for its Llama models. Meta could either rent space on Google's platform or buy the TPUs directly. A Google Cloud executive said Alphabet could generate 10% of Nvidia's revenue from TPUs alone, according to the report.

With analysts' average estimate for Nvidia's revenue at $316 billion for next year, that would imply $31 billion in revenue for Google Cloud from TPUs. For reference, that's roughly half of Google Cloud's current run rate.

But selling TPUs is just a small part of Alphabet's overall artificial intelligence exposure. The company offers a full stack of AI services, ranging from consumer products to cloud computing infrastructure. Each piece of the puzzle supports the others, ensuring a bright future for the company and protecting it against competitive threats.

The full-stack AI company
Many saw the rise of AI chatbots like ChatGPT and Claude as big threats to Alphabet's Google Search business. Indeed, the company experienced slowing growth in search revenue in 2024, but this was not entirely out of the ordinary for the company. Importantly, that trend quickly reversed in 2025, as revenue reaccelerated, climbing 15% in the most recent quarter.

One big reason for the reversal is the growth of AI Overviews and Alphabet's improved monetization of the feature. AI Overviews provide an AI-generated summary of top search results for various queries. Management says the new feature increases overall engagement, and it's now monetizing search results with AI Overviews at the same rate as those without. As a result, they've proven accretive to its overall search revenue.

Alphabet is building on that momentum with the introduction of AI Mode, which pushes users into a chatbot interface with its Gemini AI. That could result in greater subscription revenue or more potential ads if Alphabet incorporates them into the chatbot.

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That brings us to the second layer of Alphabet's AI stack. Gemini isn't just a fun chatbot for internet searchers. The Gemini foundation model is used by millions of developers, as are Alphabet's other models, Veo, Genie, and Nano Banana. Management counts over 13 million developers using its models for their apps.

The most recent iteration, Gemini 3.0 impressed many critics. In fact, OpenAI sees the new model as a serious threat to its most recent version of GPT, according to a report from the Wall Street Journal, citing an internal memo from CEO Sam Altman.

The third layer of the AI stack is Alphabet's TPUs, which it uses to train its models. As discussed, it rents out TPU servers via Google Cloud, which is the fourth layer down in the stack.

Google Cloud is growing quickly, with revenue up 34% in the most recent quarter. Its backlog climbed an impressive 82%, indicating a long runway for continued growth. Furthermore, Alphabet's seeing its operating margin expand for the business as it scales, which should mean even stronger earnings growth down the line.

Despite all the growth drivers and diversified revenue streams from AI, shares of Alphabet are still attractive, with a forward price-to-earnings (P/E) ratio of about 29. That's a premium to the market, but the company arguably deserves it, as its diversified revenue and full-stack operations make it less risky than other AI stocks. The company also continues to produce tens of billions in free cash flow each quarter despite heavy investments in AI compute. As a result, it wouldn't be a surprise to see Alphabet climb to $5 trillion relatively quickly in 2026.

SINGAPORE--(BUSINESS WIRE)--Financial calendar 2026 for BW LPG Limited (“BW LPG" or the "Company", OSE ticker code: "BWLPG.OL", NYSE ticker code "BWLP"). FINANCIAL YEAR 2025 03.03.2026 – Quarterly Report – Q4 31.03.2026 – Annual Report FINANCIAL YEAR 2026 28.05.2026 – Annual General Meeting 02.06.2026 – Quarterly Report – Q1 28.08.2026 – Half-yearly Report 24.11.2026 – Quarterly Report – Q3 The Financial Calendar can be accessed and downloaded here: BW LPG Financial calendar This information is.

SOUTH SAN FRANCISCO, Calif., Dec. 11, 2025 (GLOBE NEWSWIRE) -- Tenaya Therapeutics, Inc. (Nasdaq: TNYA), a clinical-stage biotechnology company with a mission to discover, develop and deliver potentially curative therapies that address the underlying causes of heart disease, today announced the pricing of its underwritten public offering of 50,000,000 total units for gross proceeds of $60 million prior to deducting underwriting discounts and commissions and offering expenses. 

Tenaya intends to use the net proceeds from the offering to fund the ongoing and planned development of its clinical and early-stage product candidates, particularly TN-201 and TN-401, and for working capital and other general corporate purposes.

The offering is comprised of 50,000,000 units at a public offering price of $1.20 per unit, with each unit consisting of one share of common stock and a warrant to purchase one share of common stock at an exercise price of $1.50 per share. The warrants will be immediately exercisable and will expire five years from the date of issuance. The securities comprising the units are immediately separable and will be issued separately.

All of the securities are to be sold by Tenaya. The offering is expected to close on or about December 15, 2025, subject to satisfaction of customary closing conditions.

Leerink Partners and Piper Sandler are acting as lead joint book-running managers for the offering. LifeSci Capital also acted as a bookrunning manager.

The securities are being offered by Tenaya pursuant to a Registration Statement on Form S-3, which was previously filed and declared effective by the SEC, and Tenaya has filed a preliminary prospectus supplement and accompanying prospectus relating to and describing the terms of the offering with the SEC. A final prospectus supplement and accompanying prospectus relating to the offering will also be filed with the SEC. These documents can be accessed for free through the SEC’s website at www.sec.gov.

When available, copies of the final prospectus supplement and the accompanying prospectus relating to this offering may also be obtained from: Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, by telephone at 1 (800) 808-7525, ext. 6105, or by email at [email protected]; or Piper Sandler & Co., 350 North 5th Street, Suite 1000, Minneapolis, MN 55401, Attention: Prospectus Department, by telephone at (800) 747-3924, or by email at [email protected].

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that state or jurisdiction.

About Tenaya Therapeutics
Tenaya Therapeutics is a clinical-stage biotechnology company committed to a bold mission: to discover, develop and deliver potentially curative therapies that address the underlying drivers of heart disease. Tenaya’s pipeline includes clinical-stage candidates TN-201, a gene therapy for MYBPC3-associated hypertrophic cardiomyopathy (HCM) and TN-401, a gene therapy for PKP2-associated arrhythmogenic right ventricular cardiomyopathy (ARVC). Tenaya has employed a suite of integrated internal capabilities, including modality agnostic target validation, capsid engineering and manufacturing, to generate a portfolio of novel medicines based on genetic insights, including TN-301, a clinical-stage small molecule HDAC6 inhibitor for the potential treatment of heart failure and related cardio/muscular disease, and multiple early-stage programs in preclinical development aimed at the treatment of both rare genetic disorders and more prevalent heart conditions.

Forward-Looking Statements
This press release contains forward-looking statements as that term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Such statements include, but are not limited to, statements relating to the offering, including the size and terms of the offering, the securities being offered, the timing of the closing of the offering, the expected gross proceeds and the use of proceeds. These forward-looking statements are neither promises nor guarantees and are subject to a variety of risks and uncertainties, including but not limited to: whether or not Tenaya will be able to raise capital through the sale of securities or consummate the offering; the final terms of the offering on the anticipated terms or at all, including the satisfaction of customary closing conditions; the anticipated use of the proceeds of the offering which could change as a result of market conditions or for other reasons; general economic and market conditions as well as geopolitical developments; and other risks. For further information regarding the foregoing and additional risks that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Tenaya in general, see Tenaya’s recent Quarterly Report on Form 10-Q filed on November 10, 2025, the prospectus supplement related to the proposed public offering we plan to file and subsequent filings with the Securities and Exchange Commission. These forward-looking statements are made as of the date of this press release, and Tenaya assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

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.

BNP PARIBAS ENTERS INTO EXCLUSIVE DISCUSSIONS 
WITH HOLMARCOM FOR THE SALE OF BMCI IN MOROCCO

PRESS RELEASE

Paris, 12 December 2025

BNP Paribas has entered into exclusive discussions for a potential sale of its 67% stake in its Moroccan subsidiary BMCI with the Holmarcom Group, a partner and shareholder of BMCI for 30 years.

These discussions are at a preliminary stage. If a project were to move forward, further details would be disclosed in due course in accordance with applicable regulations.

If the transaction were to be completed in 2026, the positive impact on BNP Paribas’ CET1 ratio at the time of completion would be approximately +15 bps.

About BNP Paribas

Leader in banking and financial services in Europe, BNP Paribas operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.

Press contact

Giorgia Rowe – [email protected] – +33 6 64 27 57 96
Hacina Habchi – [email protected] - +33 7 61 97 65 20

BNP Paribas sale of BMCI in Morocco

Chipmaker Intel , has tested chipmaking tools this year from a toolmaker with deep roots in China and two overseas units that were targeted by U.S. sanctions, according to two sources with direct knowledge of the matter.

Bitcoin price stayed above the $90,000 support zone. BTC is now rising and might soon aim for an upside break above the $94,000 resistance.

Bitcoin started a downside correction from the $94,500 zone.
The price is trading above $92,000 and the 100 hourly Simple moving average.
There is a bearish trend line forming with resistance at $92,950 on the hourly chart of the BTC/USD pair (data feed from Kraken).
The pair might continue to move up if it settles above the $93,500 zone.

Bitcoin Price Aims Upside Break
Bitcoin price failed to gain strength for a move above the $94,000 and $94,500 levels. BTC started a downside correction and traded below the $92,500 support.

There was a clear move below the 50% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. The price even spiked below the $90,000 support. However, the bulls were active near the $89,500 zone.

They prevented a move below the 76.4% Fib retracement level of the upward move from the $87,776 swing low to the $94,582 high. Bitcoin is now trading above $92,000 and the 100 hourly Simple moving average.

If the bulls remain in action, the price could attempt another increase. Immediate resistance is near the $93,000 level. There is also a bearish trend line forming with resistance at $92,950 on the hourly chart of the BTC/USD pair. The first key resistance is near the $93,500 level.

Source: BTCUSD on TradingView.com
The next resistance could be $94,000. A close above the $94,000 resistance might send the price further higher. In the stated case, the price could rise and test the $94,750 resistance. Any more gains might send the price toward the $95,000 level. The next barrier for the bulls could be $96,000 and $96,500.

Another Decline In BTC?
If Bitcoin fails to rise above the $93,000 resistance zone, it could start another decline. Immediate support is near the $92,000 level. The first major support is near the $91,200 level.

The next support is now near the $90,000 zone. Any more losses might send the price toward the $89,500 support in the near term. The main support sits at $88,000, below which BTC might accelerate lower in the near term.

Technical indicators:

Hourly MACD – The MACD is now gaining pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $91,200, followed by $90,000.

Major Resistance Levels – $93,000 and $94,000.

Journalist

Posted: December 12, 2025

PENGU has been underperforming in the past day, recording the biggest loss among the top 100 cryptocurrencies after sliding 11%, according to CoinMarketCap.

Conditions like this often imply that the possibility of further decline remains high. However, recent sentiment suggests bulls could step in soon and a rebound may be near.

Liquidity flight pressures PENGU
Pudgy Penguins [PENGU] witnessed one of the largest capital outflows from its derivatives market, where investors use leverage to increase their chances of gains.

Open Interest, which helps determine the amount of capital in the market, shows a 19% decline, with about $15.4 million removed from circulation.

Source: CoinGlass

The drop in capital, paired with the accompanying price depreciation, aligns with the broader indication that a bearish sentiment is brewing.

In fact, data shows the market is pushing bullish investors to the losing end as sentiment turns against them. Liquidation figures confirm this, wiping out nearly $1 million in bullish long positions in recent days.

Technically, the Long/Short Ratio stood at 9.9 to 1.1 in the past days, meaning the market forcefully closed $9.9 worth of long contracts for every $1.1 in short liquidations.

Rebound could be near
Capital outflow in the market has not occurred across all exchanges.

Binance, which controls the largest Open Interest at $22.7 million in PENGU, displays a different pattern that suggests a stronger bullish sentiment.

The Long/Short Ratio, which tracks the amount of buying volume relative to selling volume, shows that buying activity has dominated in the past day.

A Long/Short Ratio above the neutral zone of 1 confirms this positive sentiment. Currently, ratio data sits at 1.6—significantly high and reinforcing the bullish outlook.

Source: CoinGlass

The general sentiment in the derivatives market is bullish as well. The Open Interest-Weighted Funding Rate has turned positive, posting a reading of 0.0082%.

This indicates that most of the capital circulating in the market is coming from long investors paying a premium fee, which further confirms bullish sentiment.

Spot markets are also bullish
Binance derivatives investors aren’t the only bullish participants in the market. Other investor segments across the broader market reflect the same sentiment.

Spot exchange netflow data shows consistent accumulation in the past 48 hours, amounting to about $2.26 million.

Source: CoinGlass

Most of the accumulation occurred on the 10th of December, when investors purchased more PENGU, scooping $1.76 million from the market.

With $509,000 in PENGU accumulated so far today, the likelihood remains high that if bullish interest continues, total purchases could exceed the previous day’s accumulation.

For now, the overall sentiment appears to reflect a brief retracement before PENGU continues its upward trajectory.

Final Thoughts

PENGU records a massive decline following significant liquidity flight from the derivatives market.
Binance bulls are stepping in, backed by other investors, according to indicators.

SkyBridge Capital founder Anthony Scaramucci stated Thursday that JPMorgan Chase & Co.’s (NYSE:JPM) move to issue debt securities using Solana (CRYPTO: SOL) supports his firm’s investment thesis.

Scaramucci Cheers JPMorgan’s Tokenization PushScaramucci highlighted the report about JPMorgan issuing $50 million in U.S. commercial paper for Galaxy Digital Inc. (NASDAQ:GLXY) directly on Solana, one of the first instances of a major global bank using a public blockchain to issue and service securities.

Interestingly, JPMorgan’s move comes days after CEO Jamie Dimon said that the banking giant is open to leveraging blockchain technology to improve services for its clients.

Scaramucci, a known cryptocurrency advocate, hailed the development as “good news” for his investment thesis about Solana and Avalanche (CRYPTO: AVAX).

See Also: Why Is Bitcoin Not Going Up After The Fed Cut Rates?

Scaramucci Is A Vocal Advocate Of SOL, AVAXScaramucci has been optimistic about Solana’s future. At a conference on Thursday, he predicted that Solana would “flip” Ethereum (CRYPTO: ETH), arguing that the network is expanding faster in developer activity, user growth and throughput capacity.

He told Benzinga in an October interview that Skybridge holds a long position in the asset.

Scaramucci also said that he likes Avalanche and labeled it a “versatile” asset. He serves as a strategic advisor of AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI), an AVAX-focused treasury company.

Price Action: Shares of JPMorgan rose 0.14% to $317.84 in the after-hours session. The stock closed 2.34% higher at $317.38 during Thursday’s regular trading session, according to data from Benzinga Pro. 

JPM ranked moderately high on the momentum and growth metrics as of this writing. To check out how other banking stocks stack up, visit Benzinga Edge Stock Rankings for more details.

Photo courtesy: Al Teich / Shutterstock.com

Read Next: 

‘Big Short’ Investor Michael Burry Says He’s Learning About Tokenization And How It Is Rewiring Wall Street
Market News and Data brought to you by Benzinga APIs

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

2 hours ago

Binance added a host of zero-fee trading pairs for the Trump family’s stablecoin and used it to back its own stablecoin collateral.

The world’s largest crypto exchange has expanded its listings to include more trading pairs tied to the Trump family’s stablecoin.

Binance announced on Thursday that it has expanded support for World Liberty Financial’s USD1 stablecoin by adding fee-free trading pairs for major tokens, including Ether (ETH), Solana (SOL) and BNB (BNB) in addition to its already listed Bitcoin (BTC).

The exchange said it would also convert all collateral assets backing its stablecoin, BUSD, into USD1 at a 1:1 ratio, within a week.  

“The transition means USD1 will become an integral part of Binance’s updated collateral structure, further embedding the stablecoin within the exchange’s ecosystem,” Binance said. 

Increasing access to USD1 on BinanceZach Witkoff, co-founder and CEO of World Liberty Financial, praised the move, stating, “Binance’s expansion of USD1 marks an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere.”

USD1 is backed by US Treasury bills and launched on Ethereum and BNB Chain in March.

It has grown to become the seventh-largest stablecoin with a market capitalization of $2.7 billion, bolstered by a decision from Abu Dhabi’s investment firm, MGX, to use USD1 for a $2 billion investment in Binance in May

However, there has been no new issuance of USD1 for months, and the supply has declined slightly from its peak of $3 billion in late October, according to CoinGecko. 

USD1 market capitalization declines. Source: CoinGeckoTrump recently pardoned Binance founderAlongside his sons, President Donald Trump is a co-founder of World Liberty Financial and pardoned Binance founder Changpeng Zhao seven weeks ago. 

Zhao was sentenced to four months in prison in April 2024 after pleading guilty to failing to implement an adequate Anti-Money Laundering (AML) program at Binance.

Trump said he pardoned Zhao after the Binance founder saw support from “a lot of people” who told him “what he did is not even a crime.”

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Ethereum price started a fresh increase above $3,150. ETH is now consolidating and might soon aim for a clear upside break above $3,350.

Ethereum started a downside correction from the $3,450 zone.
The price is trading above $3,200 and the 100-hourly Simple Moving Average.
There is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $3,150 zone.

Ethereum Price Holds Support
Ethereum price managed to stay above $3,150 and started a fresh increase, beating Bitcoin. ETH price gained strength for a move above the $3,300 and $3,320 resistance levels.

The bulls even pushed the price above $3,400. However, the bears were active below $3,450. A high was formed at $3,448 and the price is now correcting gains. There was a move below $3,250, and the price even spiked below the 50% Fib retracement level of the upward wave from the $2,914 swing low to the $3,448 low.

However, the bulls were active near $3,150. Ethereum price is now trading above $3,200 and the 100-hourly Simple Moving Average. Besides, there is a new connecting bullish trend line forming with support at $3,180 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com
If there is another upward move, the price could face resistance near the $3,290 level. The next key resistance is near the $3,320 level. The first major resistance is near the $3,350 level. A clear move above the $3,350 resistance might send the price toward the $3,400 resistance. An upside break above the $3,400 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,450 resistance zone or even $3,500 in the near term.

Another Decline In ETH?
If Ethereum fails to clear the $3,320 resistance, it could start a fresh decline. Initial support on the downside is near the $3,200 level. The first major support sits near the $3,150 zone.

A clear move below the $3,150 support might push the price toward the $3,040 support. Any more losses might send the price toward the $3,020 region. The next key support sits at $3,000.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 zone.

Major Support Level – $3,180

Major Resistance Level – $3,350