Market Signal Briefing

Bitcoin surged from approximately $91,000 to over $94,000 within just two hours in the US trading hours on Tuesday, a move that caught many traders off guard. While some celebrated the sudden rally, others are raising red flags—calling it a textbook case of market manipulation.

One of the most glaring concerns is the absence of any fundamental driver.

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No Catalyst in Sight, Yet Millions Flowed in Within MinutesCrypto trader Vivek Sen pointed out that there was no major news or announcements to justify the sudden price action. This lack of an identifiable catalyst has fueled speculation that the move was engineered rather than organic.

On-chain analysts quickly identified unusual trading patterns. According to DeFi researcher DeFiTracer, market maker Wintermute purchased $68 million in Bitcoin in a single hour during the spike. Another analyst, DefiWimar, claimed multiple major players, including Coinbase, BitMEX, and Binance, made substantial coordinated purchases, describing the activity as coordinated manipulation.

🚨 BREAKING

THE EXACT REASON WHY THE MARKET JUST PUMPED:

WINTERMUTE BOUGHT 8,756 BTC
COINBASE BOUGHT 8,241 BTC
BITMEX BOUGHT 7,610 BTC
BINANCE BOUGHT 4,500 BTC
BITWISE BOUGHT 3,857 BTC
BITFINEX BOUGHT 3,003 BTC

THIS WAS A COORDINATED MANIPULATION! pic.twitter.com/J9GZMfG6ku

— Wimar.X (@DefiWimar) December 9, 2025
Veteran trader NoLimitGains offered a detailed breakdown of why the move appeared artificial. He noted several warning signs: thin order books that made it cheap to push prices higher, massive market buys clustered within minutes, and zero follow-through after the initial surge. He argued that real bull moves build structure while manipulated ones build traps.

Traders on Both Sides Liquidated—A Classic Sign of Liquidity HuntingPerhaps the most compelling argument centers on what traders call “liquidity hunting.” It’s a strategy where large players deliberately push prices to trigger forced liquidations.

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When traders open leveraged positions, they set liquidation prices where their positions automatically close if the market moves against them. These liquidation levels cluster at predictable price points, creating pools of “liquidity” that sophisticated players can target. By pushing Bitcoin’s price sharply upward, large players can trigger a cascade of short liquidations—forcing bearish traders to buy back their positions at unfavorable prices. This forced buying adds fuel to the rally, allowing the manipulators to sell into the artificially inflated demand.

Trader Orbion highlighted this dynamic, noting that the day saw $70 million in long liquidations followed by $61 million in short liquidations—with both sides getting wiped out within hours.

NoLimitGains warned that historically, such vertical spikes tend to retrace sharply. With funding rates spiking and open interest climbing rapidly, the warning signs were clear. He suggested the setup points to larger players positioning to sell into retail excitement.

Not Everyone Is Convinced It Was ManipulationHowever, not all analysts share the manipulation thesis. On-chain analyst Darkfost pointed to US employment data released around the same time as a legitimate catalyst. JOLTS job openings for October came in at 7.67 million—well above the 7.0 million forecast—while ADP weekly employment figures flipped positive after weeks of decline.

He noted that Bitcoin gained roughly 4% immediately after the data dropped. With the FOMC meeting approaching and a rate cut widely expected, Darkfost argued the macro backdrop provided genuine tailwinds for risk assets, suggesting the rally may have been driven by fundamentals rather than foul play.

As of 11:30 UTC, Bitcoin had retreated from its highs and was trading around $92,500.

TL;DR

Ethereum records a 62% decline in fees, signaling weaker demand on its base layer.
Layer-two networks show strong and accelerating growth, supporting overall ecosystem activity even as mainnet usage cools.
Despite falling TVL and a more cautious tone among traders, ETH price remains stable thanks to a resilient market structure and recent upgrades that improve network efficiency.

Ethereum experiences a significant reduction in average fees, a development that suggests activity on the mainnet has slowed in recent weeks. The shift raises questions about price direction, although broader metrics indicate the ecosystem still has solid underlying support.

Ethereum Fees Continue To Decline
Recent data shows that Ethereum fees dropped 62% over a thirty-day stretch, a steeper decline than the moves observed on Solana and Tron. The lower fees align with reduced blockspace demand and a cooldown after the elevated activity seen at the end of October. The trend also reflects efficiency improvements enabled by the Fusaka upgrade, which enhanced rollup processing and helped contain costs on the base layer.

Traders point out that ETH continues to hold support near $3,300, with short upward movements linked to recent macroeconomic signals from the United States. Derivatives metrics show the funding rate hovering around 9%, a level that implies a balanced allocation between long and short positions.

Layer Two Expansion Offsets Base Layer Weakness
The fee downturn unfolds as layer-two networks expand rapidly, reinforcing the broader shift toward faster and more economical execution environments. Base posts activity growth above 100%, while Polygon reports gains close to 80%, both reflecting persistent user demand for scalable infrastructure. Weekly volumes on Ethereum-based decentralized exchanges remain around $13,000 million, lower than a month ago but still consistent with the network’s leading position.

Total value locked on the base layer has fallen to $76,000 million, down from $100,000 million, yet Ethereum retains a market share above 60% within DeFi. Analysts note that this layered structure enables more efficient distribution of activity and helps maintain network resilience even during slower periods on the mainnet.

Market Signals Show Stability
Despite lighter usage on the base layer, market indicators do not point to strong downward pressure on ETH. Institutional interest remains steady, supported by positive remarks from regulators and the continued advance of tokenization initiatives across financial markets.

In conclusion, the 62% drop in Ethereum fees does not appear to threaten ETH in the short term. The expansion of layer-two solutions, combined with balanced derivatives metrics and improved cost efficiency, supports a constructive outlook for the network and reinforces ETH price stability moving forward.

Abu Dhabi Global Market has approved USDT on nine additional blockchains.

Stablecoin issuer Tether announced that USDT issued on several major blockchains has been recognised as an Accepted Fiat-Referenced Token (AFRT) within the Abu Dhabi Global Market (ADGM).

The designation allows firms licensed by the ADGM’s Financial Services Regulatory Authority (FSRA) to conduct regulated activities involving USDT on Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON, and Tron blockchain networks.

Extending USDT’s Regulated Footprint
The move follows what the company described as ongoing engagement with the FSRA to demonstrate the resilience, transparency, and compliance elements of its operations. The latest approval expands on earlier ADGM recognition of USDT on Ethereum, Solana, and Avalanche, thereby broadening the regulatory coverage of the stablecoin across a wider range of blockchain networks.

According to the official press release, the combined approvals create a multi-chain framework that lets ADGM-licensed firms support more networks while operating within one of the sector’s established regulatory jurisdictions. With this decision, USDT is now recognised in ADGM on nearly all major blockchains supported by the issuer.

Tether said the multi-chain approval increases interoperability and allows USDT to be used as a settlement asset for trading and decentralized applications, while meeting AFRT requirements set by the FSRA.

Following the development, Tether CEO Paolo Ardoino said

“The UAE continues to set the global standard for digital asset regulation, and Tether is proud to contribute to this leadership. This milestone highlights Tether’s dedication to advancing financial inclusion and innovation on a global scale. Introducing USDT within ADGM’s regulated digital asset framework reinforces the role of stablecoins as essential components of today’s financial landscape. It also creates fresh opportunities for collaboration and growth throughout the Middle East. By extending recognition to USDT on several major blockchains, ADGM further strengthens Abu Dhabi’s position as a global hub for compliant digital finance.”

In November, Tether expanded its presence in Bitcoin-backed finance through a strategic investment in Ledn, a lending platform that provides credit secured by BTC. Ledn offers products such as risk management tools, advanced custody, liquidation systems, and allows users to access loans without selling their digital assets. Tether said the investment aligns with its goal of supporting real-world credit markets and broadening access to both retail and institutional borrowers.

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Circle’s UAE Expansion
Meanwhile, the latest approval for USDT in ADGM comes as rival stablecoin issuer Circle also strengthens its foothold in the UAE. Circle announced securing a Financial Services Permission license from the FSRA of Abu Dhabi Global Market, which will allow the company to operate as a Money Services Provider within the international financial center.

Alongside the regulatory milestone, the fintech also said it has appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa. Dr. Jaffar, who joins from Visa where she served as Senior Vice President and Group Country Manager for the Gulf Cooperation Council, will oversee the company’s regional operations and lead efforts to advance partnerships with financial institutions and enterprises. The USDC issuer also stated that her focus will include supporting the adoption of digital dollars and on-chain payment solutions across the UAE and wider MEA markets.

Tags:

Shiba Inu recorded its strongest wave of whale transactions since the 6th of June, and the spike signaled a shift in large-holder behavior.

Santiment reported 406 whale transfers above $100k, alongside over 1.06 trillion SHIB net increase on exchanges. That flow showed clear repositioning by large traders.

Although heavy inflows often spark uncertainty, the chart showed Shiba Inu [SHIB] respecting key structural zones rather than collapsing into sell-side pressure. 

Whale activity often led direction during compressed volatility phases, and SHIB remained within such a setup.

That consistency gave traders a clearer read on underlying demand, although the price still needed confirmation above the retest area.

Breakout retest defines SHIB’s next step
SHIB broke out of its falling wedge and retested the upper boundary, creating a decisive validation point.

The breakout followed weeks of compression, and the retest now tested whether buyers defended that shift.

Price reacted repeatedly near $0.00000883, a zone visible on the chart. On top of that, the pattern typically held when buyers protected that boundary cleanly.

MACD tilted upward on the daily timeframe, and the histogram pulled away from earlier flattening.

That alignment helped traders gauge whether momentum might transition into clearer upside.

Even so, the price still moved inside a narrow band. The structure favored continuation only if buyers held the retest zone.

Source: TradingView

Shiba Inu CVD confirms aggressive buy-side absorption
Taker Buy CVD maintained buyer dominance across the 90-day window, and this behavior reinforced the underlying strength behind every bounce. 

Buyers repeatedly absorbed dips, preventing deeper downside moves and forming a short-term base under intraday pressure.

Moreover, the combination of whale activity and buy-side CVD often marks the early stages of accumulation cycles. 

The consistency of these flows suggested traders with size continue to scale gradually rather than rotate out of positions. 

Although the price reaction remains measured, CVD displays a clearer directional lean, which strengthens the case for trend continuation. 

Buy-side persistence now forms one of the most reliable indicators within SHIB’s structure as volatility builds.

Burn rate spikes as supply pressure drops
SHIB’s burn rate jumped by more than 1,244% over 24 hours, resulting in a meaningful reduction in circulating supply. 

While burn events do not automatically guarantee upside, such abrupt increases often tighten supply conditions during periods of growing demand. 

Additionally, SHIB benefits when burns occur alongside rising whale activity and strong CVD readings, because all three metrics reinforce a scarcity-driven narrative. 

The current burn spike arrives precisely as SHIB forms a bullish technical structure, which adds weight to the setup. 

Although long-term impact depends on trend continuation, supply reduction enhances short-term responsiveness. 

This alignment gives bulls another pillar of support while the retest zone continues to shape the overall trajectory.

Funding flips positive as long traders gain conviction
Funding Rates flipped positive on CoinGlass data, and long traders gained visible conviction.

Earlier hesitation eased, and the OI-Weighted Funding Rate climbed while SHIB held its structure above the breakout line.

At the same time, liquidation heatmap clusters were built near $0.0000084 and $0.00000886, areas that often attracted volatility during hunts for liquidity.

Although higher funding sometimes increased risk, current readings showed alignment between Spot and Derivatives sentiment.

To sum up, SHIB now aligned with strong whale activity, a successful wedge breakout, aggressive buy-side CVD, a sharp burn-rate surge, and positive funding. 

These combined signals create one of the most supportive structures the token has recorded in recent weeks. Therefore, SHIB holds a legitimate chance to extend its momentum if buyers defend the retest zone.

Final Thoughts

Shiba Inu’s latest metrics show a market finding its footing, even as traders wait for confirmation at familiar levels.
The setup may hold if buyers maintain control of the retest zone, especially with sentiment leaning constructive.

Dogecoin (DOGE) is, in another consecutive week, settling into a familiar pattern: holding firm at a crucial support zone while market participants weigh technical signals, shifting adoption trends, and the ever-present influence of its community.

As the token trades around $0.14, its price behavior reflects a broader phase of consolidation, characterized by tighter volatility and increasing on-chain engagement. With new real-world use cases emerging and traders watching for a breakout, DOGE’s long-term trajectory is becoming a point of renewed discussion.

DOGE's price trends to the downside on the daily chart. Source: DOGEUSD on Tradingview
Network Activity Strengthens as Dogecoin Price Holds Key Support
Despite muted market reaction to Dogecoin’s 12th anniversary, activity on the network continues to rise.

Daily active addresses reached over 67,000 earlier in December, marking the second-highest level in three months. This increase comes as DOGE repeatedly defended the $0.14 support, forming a tight compression range between $0.1406 and $0.1450.

Short-term charts indicate multiple rebounds from the $0.14 level, accompanied by decreasing sell volume, an early sign of accumulation.

Analysts identify $0.16 as the threshold that would shift DOGE from range-bound movement into a potential trend continuation. Failure to hold support, however, could expose deeper downside toward $0.081, an area highlighted by realized on-chain distribution clusters.

Adoption Expands Beyond Market Narratives
Recent developments show Dogecoin slowly expanding beyond its memecoin label. In Argentina, certain taxes can now be paid using DOGE, while Alternative Airlines has begun accepting the token for ticket purchases. These integrations, although still modest, indicate real-world traction that supports a longer-term use case narrative.

Broader sentiment, however, remains closely tied to macroeconomic conditions. Analysts note that liquidity trends, regulatory developments, and institutional risk appetite continue to shape DOGE’s outlook.

The launch of the first Dogecoin ETF in November drew little initial inflow, signaling that large investors remain cautious despite the token’s growing visibility.

Long-Term Structure Points to Potential Upside
From a structural standpoint, Dogecoin continues to follow a multi-year pattern that some analysts view as constructive. Long-term charts show price action moving within a large triangle formation dating back to 2021, with a cup-and-handle structure still intact on higher timeframes.

Weekly RSI levels near 50 resemble conditions seen before DOGE’s 2021 rally, while MACD indicators approach bullish crossovers on both weekly and monthly charts.

Forecasts place Dogecoin’s path toward $1 as a possibility later in the decade, with projections suggesting a climb toward that level by 2030. In the near term, the $0.145–$0.16 zone remains the defining barrier that could determine whether DOGE transitions into a stronger upward phase or remains confined to its current band.

As Dogecoin stabilizes above key support and real-world adoption increases, traders are closely watching for the next catalyst, whether it be network expansion, macroeconomic shifts, or renewed community-driven momentum.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

Cardano rocketed 9% over the past 24 hours, adding more than $1 billion in market capitalization.

Of all the household names making big moves in today's session, Cardano (ADA +7.74%) is the clear winner among large-cap tokens. As of 6:30 p.m. ET, the 10th-largest cryptocurrency by market capitalization surged a little more than 9% to trade around $0.47 per token. That's a level Cardano investors haven't seen in a couple of weeks.

Today's Change

(

7.74

%) $

0.03

Current Price

$

0.47

Today's impressive rally coincides with a sweeping and notable surge in the digital assets market, with those looking to take on risk-aggressive bets deeming Tuesday afternoon the ideal time to do so.

What's interesting is that this move in Cardano, and most other major cryptocurrencies today, comes ahead of a pivotal Federal Reserve interest rate decision tomorrow. Whether tomorrow's cut will be more dovish than many are expecting remains to be seen. But judging by how crypto investors are positioning their portfolios right now, sentiment does appear to be shifting in favor of bullish momentum continuing.

Let's explore the token-specific factors influencing Cardano today. There's one in particular that stood out to me as remarkably prescient to this token's investment thesis moving forward.

Master plan unveiled

Source: Getty Images.

Cardano's CEO (and one of the most influential people in the world of crypto), Charles Hoskinson, just released Cardano's 2026 master plan. This detailed picture of what Hoskinson expects of his team over the course of the following year (and beyond) has clearly stoked plenty of good vibes among investors, many of whom have not had such a good time so far in 2025.

Over the past year, Cardano has declined by more than 50%. Surprisingly, this move isn't as bad as some of the other top-tier tokens in the market. However, it has some investors seeking shelter in other assets until the selling pressure is over.

Perhaps Hoskinson's discussion around Cardano's executive layer (also known as the "Pentad"), and specifically how unity among decision-making parties driving key network upgrades will improve over time, has investors excited about this project's forward direction. Or perhaps it's bullish expectations that Cardano's previous governance transformation will finally yield greater on-chain innovation in 2026, as was expected this year.

While much of this road map appears to address clear concerns investors have held for some time, we'll have to see what ultimately comes from this strategic document. The proof will be in the pudding. But with a new 70 million ADA strategic integration fund put forward, and new infrastructure partners identified, there are some key growth pillars investors can latch onto today that weren't there yesterday. For some investors, that's clearly enough to entice them to hit the bid today.

Chris MacDonald has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

TL;DR:

Software agents are evolving from clicks to autonomous settlement, using wallets created by code.
This shift turns payments into API calls, favoring Bitcoin and stablecoins for their 24/7 settlement and low cost.
Machine wallets act as permission systems with defined spending rules, increasing auditability.

Software autonomy is no longer limited to making purchases or planning trips; the next step is value settlement. Since a wallet can be created and funded using code without manual intervention, this evolution transforms payments into a simple API call. This shift places public blockchains and stablecoins at the center of a new transaction layer that never sleeps: the AI Agent Economy on Blockchain.

This is no longer a distant futuristic vision. It follows directly from the logic of how agents fetch data, route tasks, and make bounded choices. Once an agent can hold value, it can pay for compute, storage, and data, and it can accept income for completed work, such as labeling, modeling, or orchestration.

This market microstructure rewards always-on rails with low fees and programmable controls, qualities that intrinsically favor Bitcoin and major stablecoins over traditional banking systems that rely on banking hours.

Machine Wallet: From Purse to Permission System
An AI agent operating through a browser or a scripted environment can generate an address, set spending rules, and move funds under policy constraints defined by its owner. This capability removes the need for a traditional bank account in many machine contexts. Bitcoin and major stablecoins already settle value at any hour and provide deterministic outcomes that agents can reason about, reducing operational risk in machine workflows.

In this context, the wallet becomes a permission system as much as a purse. Human owners can impose daily limits, permitted counterparties, and audit trails, while services can demand proof of funds or time-locked payments before fulfilling requests.

These machine wallets would pay other machines for access to GPUs, specialized datasets, or bandwidth, with prices expressed in tokens that settle quickly and atomically. This creates a parallel economy, as agents often trade with other agents, linking token liquidity to the cost of compute and the value of data.

Ultimately, financial regulations, such as KYC, will adapt. A workable pattern is to verify a human or company at the perimeter, delegate spending authority to an agent, and bind the wallet to controls that can be inspected or revoked.

Payment companies can act as a bridge, allowing agents to draw against pre-funded fiat balances tied to known principals. The result is a system where Bitcoin and stablecoins manage routine tasks, while banks remain central for fiat entry and exit, thus improving auditability.

TLDR:

Table of Contents

TLDR:Buterin Says Ethereum Overlooked P2P for YearsPeerDAS Reshapes Network Propagation and Rollup Support

Buterin says Ethereum long undervalued P2P networking, leaving gaps in propagation and node consistency.

PeerDAS uses gossip protocols to distribute blob samples, cutting strain on nodes across the network.

The upgrade expands DAS from EIP-4844, supporting rollups with lighter bandwidth needs and stronger resilience.

Fusaka hard fork positions PeerDAS as the foundation of Ethereum’s next scaling phase and network evolution.

PeerDAS emerges at the center of a renewed effort to strengthen Ethereum’s long-overlooked peer-to-peer layer, an area Vitalik Buterin says the network undervalued for years.

The Fusaka hard fork on December 3, 2025 introduced the upgrade, placing P2P propagation and data availability at the forefront of Ethereum’s scaling roadmap. 

The change marks a shift from earlier periods when the protocol focused heavily on consensus and block production while assuming that networking performance would remain dependable.

Buterin noted that this approach left gaps across the system, creating moments where nodes processed data at different speeds. 

Those delays increased the likelihood of temporary chain inconsistencies and uneven access to rollup data. With PeerDAS now integrated into Ethereum’s P2P framework, the project signals a new phase aimed at improving propagation speed, network privacy, and resilience.

Buterin Says Ethereum Overlooked P2P for Years
In a recent post, Buterin stated that he had long raised concerns inside the Ethereum Foundation about the absence of dedicated P2P expertise. 

He explained that research teams excelled in cryptoeconomics and consensus design but treated networking as a background component that required little attention. He described PeerDAS as evidence that this issue is finally being addressed, crediting Raul Jordan and others for advancing the upgrade.

For years, I've complained internally at the EF that we do not have enough expertise at p2p: we think a lot about cryptoeconomics, BFT consensus and blocks, but we take the p2p networking layer for granted.

I think that's no longer true, and PeerDAS shows it.@raulvk and others… pic.twitter.com/qwgXAbrYJw

— vitalik.eth (@VitalikButerin) December 8, 2025

PeerDAS expands the foundation laid by Data Availability Sampling introduced through EIP-4844 in March 2024. 

That earlier change allowed nodes to verify blobs without downloading full data, which raised layer-2 throughput. Now, PeerDAS adapts that model to Ethereum’s P2P environment, distributing sampling responsibilities across peers rather than relying on centralized availability systems.

By using existing gossip protocols and libp2p, PeerDAS aims to achieve smoother distribution of blob samples. 

This structure reduces bandwidth strain on full nodes and improves stability across the network. The shift demonstrates a broader commitment to address bottlenecks that previously caused some nodes to lag behind others.

PeerDAS Reshapes Network Propagation and Rollup Support
Buterin’s comments arrive as developers work to correct historical limitations in propagation and syncing. 

PeerDAS reduces instances of staleness by ensuring that nodes receive data more uniformly. Faster sample movement helps prevent situations where certain participants operate briefly on outdated information.

The upgrade also aligns with Ethereum’s increasing dependence on rollups. As activity continues shifting to layer-2 systems, reliable data distribution becomes essential for maintaining throughput. 

PeerDAS supports this requirement by spreading availability tasks across the network, allowing validators and light clients to operate efficiently without additional infrastructure.

With the Fusaka hard fork, PeerDAS becomes a defining feature of Ethereum’s next scaling phase. The change signals a concerted effort to refine the networking layer that Buterin says remained under-prioritized for too long.

TLDR:

Stripe-backed Tempo integrates Chainlink CCIP to boost interoperability for its stablecoin payments network.

Tempo expands rapidly with 40+ new partners delivering tools for wallets, compliance, and payment operations.

The payments-first chain offers stablecoin gas fees, high throughput, and sub-second finality for global use.

Enterprise partners like Visa, Deutsche Bank, and Shopify support Tempo’s push toward onchain payment scale.

Chainlink adoption continues to expand as Stripe-backed Tempo integrates Chainlink CCIP ahead of its mainnet launch. 

Tempo, a payments-focused blockchain incubated by Stripe and Paradigm, is positioning itself as an onchain infrastructure layer for stablecoin-based payments.

The network aims to support global transfers, payroll, merchant settlements, and other real-world payment flows by offering predictable fees, high throughput, and support for stablecoin-denominated gas payments. 

As stablecoins gain broader enterprise traction, Tempo seeks to provide a dedicated blockchain optimized for scale and global settlement.The integration of Chainlink CCIP arrives as Tempo continues attracting rapid ecosystem participation. 

More than 40 new partners have joined since its initial announcement, adding tools and services across wallets, developer infrastructure, compliance, analytics, and stablecoin orchestration.

This expansion strengthens Tempo’s approach of building an open, permissionless environment for payments applications built around real-world financial activity.

Stripe-Backed Tempo Selects Chainlink CCIP
Tempo confirmed through its public update that Chainlink CCIP has been adopted ahead of mainnet. 

Chainlink noted the integration in a post emphasizing that Tempo is purpose-built for stablecoin transactions and supported by Stripe’s global payments experience. 

CCIP provides secure interoperability options for developers seeking multi-chain messaging and transfers, reinforcing Tempo’s role as a hub for stablecoin-centric applications.

Tempo also reported that more than 40 additional ecosystem partners have onboarded within the past three months. 

The list includes Agant, AllUnity, Bitgo, Blockdaemon, BlockScout, Chaos Labs, Conduit Pay, Gelato, Goldsky, LiFi, Nillion, Range, Relay, Splits, Thunes, Toku, Utila, Zerion, and others.

These partners supply infrastructure such as wallet tooling, analytics, compliance systems, issuance tools, and on/off-ramp connections that support stablecoin payments at scale.

The network invited more participants, stating it continues to expand its ecosystem and is engaging developers focused on practical, onchain payment solutions. 

The ongoing growth aligns with Tempo’s aim of becoming a global layer for everyday financial transactions built around stablecoins.

Tempo Builds a Payments-First Chain With Enterprise Support
Tempo describes itself as an open, EVM-compatible blockchain structured specifically for payments. 

The network is designed to deliver sub-second finality, more than 100,000 TPS, and predictable low fees. It introduces features such as opt-in privacy, dedicated payment lanes, and the ability to pay gas fees in any stablecoin through an enshrined AMM. 

These components are intended to make onchain transactions accessible for businesses that require reliability and low operational friction.

To support its payments architecture, Tempo has assembled a group of initial infrastructure partners including Alchemy, Chainalysis, Fireblocks, Frax, LayerZero, Mesh, MetaMask, Phantom, QuickNode, Tenderly, TRM Labs, and Yellow Card. 

Each partner offers services that make it easier for companies and users to interact with the chain, from tooling and compliance to custody and analytics.

Tempo is also working closely with a set of design partners such as Visa, Deutsche Bank, Nubank, Revolut, Shopify, OpenAI, DoorDash, and Standard Chartered. 

These organizations are contributing insights as Tempo builds an onchain environment suitable for global payouts, remittances, tokenized deposits, embedded accounts, and microtransactions. 

With backing from Stripe and Paradigm, and integration with Chainlink CCIP, Tempo is shaping itself into a specialized settlement layer for stablecoin-powered payments at global scale.

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

The latest S-1 registration submitted to the US Securities and Exchange Commission has placed Ethereum back at the center of market speculation. A recent SEC document shows that BlackRock’s iShares division has formally filed to launch a staked ETH exchange-traded fund, a move that would give traditional investors access not only to ETH price exposure but also to staking rewards through a regulated product.

A New ETF Structure That Brings Staking Into Traditional Finance
The proposed trust, which is called the iShares Staked Ethereum Trust ETF (ETHB), differs from previous Ethereum filings because it incorporates staking into its core design. According to the S-1 filing, the ETF would hold ether directly while delegating most of its balance to external validators, allowing staking rewards to feed into the trust’s net asset value. This approach offers institutions a pathway to access ETH’s yield component without interacting with on-chain staking infrastructure themselves.

Related Reading: Industry Leader Shares Why Ethereum Price Will Reach $12,000

The structure is bullish for Ethereum, as it shows that major asset managers like BlackRock are looking beyond basic price exposure and toward products that reflect how Ethereum now operates after its transition to proof-of-stake.

The first indication of BlackRock’s interest in ETH staking was in July, when it filed an application to add ETH staking in its iShares Ethereum Trust (ETHA). It seems the fund issuer is now taking proactive action on the staking trust with the recent standalone filing. Under SEC procedure, the new filing begins the review period, although a formal approval timeline does not start until the exchange responsible for listing the ETF submits a Form 19b-4.

If approved, the ETF could influence Ethereum’s circulating supply over time. The plan is to stake between 70% and 90% of the trust’s ETH, and this means that large inflows would steadily route more ether into long-term staking, reducing the volume actively available on the open market.

What This Could Mean For ETH’s Price Outlook
The potentially smaller liquid supply is going to contribute to a bullish ETH price, particularly during periods when demand for ETH rises. The filing itself does not change ETH’s price in the short term, nor does it signal any immediate regulatory approval. 

Related Reading: Ethereum Buyers Have Re-Entered The Arena Below $3,400, Here’s How Much They’ve Bought

What the filing does provide is a clearer picture of how ETH might fit into the next generation of institutional investment products. A staked ETH ETF would formalize staking as an investable feature and increase the types of investors who consider the altcoin a viable long-term asset.

Any eventual impact on Ethereum’s price will depend on how the approval process unfolds and how much capital flows into the product once it launches. BlackRock’s existing footprint in the Ethereum ETF niche shows how influential those inflows can be. Its iShares Ethereum Trust (ETHA) has consistently led other spot issuers, including over the past 24 hours, when ETHA recorded $23.66 million in inflows compared to Grayscale’s $11.83 million, while other issuers saw no inflows at all.

Once approved, shares of the iShares Ethereum Staking Trust are expected to trade on Nasdaq under the ticker ETHB.

ETH trading at $3,108 on the 1D chart | Source: ETHUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com

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

Starbucks (SBUX - Free Report) closed the most recent trading day at $82.28, moving -1.35% from the previous trading session. This change lagged the S&P 500's 0.09% loss on the day. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.13%.

Shares of the coffee chain witnessed a loss of 1.41% over the previous month, trailing the performance of the Retail-Wholesale sector with its loss of 1.16%, and the S&P 500's gain of 1.89%.

The upcoming earnings release of Starbucks will be of great interest to investors. On that day, Starbucks is projected to report earnings of $0.6 per share, which would represent a year-over-year decline of 13.04%. Meanwhile, the latest consensus estimate predicts the revenue to be $9.64 billion, indicating a 2.62% increase compared to the same quarter of the previous year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.4 per share and a revenue of $38.49 billion, indicating changes of +12.68% and +3.5%, respectively, from the former year.

It is also important to note the recent changes to analyst estimates for Starbucks. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.76% decrease. As of now, Starbucks holds a Zacks Rank of #4 (Sell).

Looking at its valuation, Starbucks is holding a Forward P/E ratio of 34.81. This expresses a premium compared to the average Forward P/E of 20.3 of its industry.

We can additionally observe that SBUX currently boasts a PEG ratio of 1.7. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. SBUX's industry had an average PEG ratio of 2.22 as of yesterday's close.

The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 21% of all 250+ industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

In the latest trading session, Wells Fargo (WFC - Free Report) closed at $88.89, marking a -1.3% move from the previous day. This move lagged the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.13%.

The biggest U.S. mortgage lender's stock has climbed by 4.6% in the past month, exceeding the Finance sector's gain of 1.74% and the S&P 500's gain of 1.89%.

Market participants will be closely following the financial results of Wells Fargo in its upcoming release. It is anticipated that the company will report an EPS of $1.66, marking a 16.9% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $21.5 billion, up 5.49% from the prior-year quarter.

WFC's full-year Zacks Consensus Estimates are calling for earnings of $6.28 per share and revenue of $84.01 billion. These results would represent year-over-year changes of +16.95% and +2.09%, respectively.

Investors should also take note of any recent adjustments to analyst estimates for Wells Fargo. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Wells Fargo is currently sporting a Zacks Rank of #3 (Hold).

Looking at valuation, Wells Fargo is presently trading at a Forward P/E ratio of 14.34. This valuation marks a discount compared to its industry average Forward P/E of 17.73.

Meanwhile, WFC's PEG ratio is currently 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.13 based on yesterday's closing prices.

The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 27, positioning it in the top 11% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

In the latest trading session, Micron (MU - Free Report) closed at $252.42, marking a +2.23% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.09% for the day. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.13%.

The chipmaker's stock has dropped by 2.52% in the past month, falling short of the Computer and Technology sector's gain of 4.2% and the S&P 500's gain of 1.89%.

The investment community will be closely monitoring the performance of Micron in its forthcoming earnings report. The company is scheduled to release its earnings on December 17, 2025. On that day, Micron is projected to report earnings of $3.77 per share, which would represent year-over-year growth of 110.61%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.54 billion, up 43.97% from the year-ago period.

MU's full-year Zacks Consensus Estimates are calling for earnings of $17.36 per share and revenue of $54.52 billion. These results would represent year-over-year changes of +109.41% and +45.85%, respectively.

Investors should also pay attention to any latest changes in analyst estimates for Micron. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 8.2% higher within the past month. Micron presently features a Zacks Rank of #1 (Strong Buy).

Looking at valuation, Micron is presently trading at a Forward P/E ratio of 14.23. For comparison, its industry has an average Forward P/E of 25.76, which means Micron is trading at a discount to the group.

Investors should also note that MU has a PEG ratio of 0.5 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Computer - Integrated Systems industry had an average PEG ratio of 1.14 as trading concluded yesterday.

The Computer - Integrated Systems industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 15, placing it within the top 7% of over 250 industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

Chubb (CB - Free Report) closed the most recent trading day at $301.22, moving +1.34% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.09%. Elsewhere, the Dow lost 0.38%, while the tech-heavy Nasdaq added 0.13%.

Heading into today, shares of the insurer had gained 3.12% over the past month, outpacing the Finance sector's gain of 1.74% and the S&P 500's gain of 1.89%.

Investors will be eagerly watching for the performance of Chubb in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $6.31, reflecting a 4.82% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $15.28 billion, showing a 6.93% escalation compared to the year-ago quarter.

CB's full-year Zacks Consensus Estimates are calling for earnings of $23.66 per share and revenue of $59.77 billion. These results would represent year-over-year changes of +5.11% and +6.31%, respectively.

It's also important for investors to be aware of any recent modifications to analyst estimates for Chubb. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.27% upward. As of now, Chubb holds a Zacks Rank of #3 (Hold).

Digging into valuation, Chubb currently has a Forward P/E ratio of 12.56. For comparison, its industry has an average Forward P/E of 11.14, which means Chubb is trading at a premium to the group.

Also, we should mention that CB has a PEG ratio of 3.4. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.59 as of yesterday's close.

The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 26, this industry ranks in the top 11% of all industries, numbering over 250.

The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

NEW YORK, Dec. 09, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of America’s Car-Mart, Inc. (NASDAQ: CRMT) resulting from allegations that America’s Car-Mart may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased America’s Car-Mart securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46025 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On September 4, 2025, during market hours, Benzinga published an article entitled “America’s Car-Mart Stock Plunges After Sales Volume Dip, Delinquency Uptick.” The article stated that America’s Car-Mart, Inc. stock was trading “lower after the company reported first-quarter results. The company reported a first-quarter loss of 69 cents per share, compared with a net loss of 15 cents per share in the year-ago period.”

On this news, America’s Car-Mart’s stock fell 18.2% on September 4, 2025.

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

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

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

-------------------------------

Contact Information:

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

KB Home (KBH - Free Report) closed at $61.69 in the latest trading session, marking a -1.12% move from the prior day. This move lagged the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.13%.

Heading into today, shares of the homebuilder had gained 2.35% over the past month, outpacing the Construction sector's gain of 0.79% and the S&P 500's gain of 1.89%.

The upcoming earnings release of KB Home will be of great interest to investors. The company's earnings report is expected on December 18, 2025. It is anticipated that the company will report an EPS of $1.79, marking a 28.97% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.65 billion, indicating a 17.59% decrease compared to the same quarter of the previous year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $6.39 per share and revenue of $6.19 billion, which would represent changes of -24.38% and 0%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for KB Home. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.13% lower. Right now, KB Home possesses a Zacks Rank of #4 (Sell).

From a valuation perspective, KB Home is currently exchanging hands at a Forward P/E ratio of 9.64. This signifies a discount in comparison to the average Forward P/E of 11.92 for its industry.

Meanwhile, KBH's PEG ratio is currently 5.07. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 1.82.

The Building Products - Home Builders industry is part of the Construction sector. This industry, currently bearing a Zacks Industry Rank of 207, finds itself in the bottom 17% echelons of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.

In the latest trading session, Accenture (ACN - Free Report) closed at $269.53, marking a +1.14% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.09%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, added 0.13%.

The stock of consulting company has risen by 8.98% in the past month, leading the Computer and Technology sector's gain of 4.2% and the S&P 500's gain of 1.89%.

Investors will be eagerly watching for the performance of Accenture in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on December 18, 2025. The company is expected to report EPS of $3.74, up 4.18% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $18.56 billion, indicating a 4.93% increase compared to the same quarter of the previous year.

ACN's full-year Zacks Consensus Estimates are calling for earnings of $13.77 per share and revenue of $73.8 billion. These results would represent year-over-year changes of +6.5% and +5.92%, respectively.

Investors might also notice recent changes to analyst estimates for Accenture. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.08% lower. Accenture is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note Accenture's current valuation metrics, including its Forward P/E ratio of 19.35. This represents a premium compared to its industry average Forward P/E of 16.37.

Meanwhile, ACN's PEG ratio is currently 2.53. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Computers - IT Services industry stood at 1.89 at the close of the market yesterday.

The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 77, this industry ranks in the top 32% of all industries, numbering over 250.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.

December 09, 2025 6:57 PM EST | Source: Faruqi & Faruqi LLP
Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses in Inspire Medical to Contact Him Directly to Discuss Their Options

If you purchased or acquired securities in Inspire Medical between August 6, 2024 and August 4, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

New York, New York--(Newsfile Corp. - December 9, 2025) - Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Inspire Medical Systems, Inc. ("Inspire Medical" or the "Company") (NYSE: INSP) and reminds investors of the January 5, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose key facts about Inspire V, including the actual market demand for the device and whether the company had taken the steps necessary to successfully launch it. Defendants issued a series of materially false and misleading statements that led investors to believe demand for Inspire V was strong and that Company had taken the necessary steps for a successful launch.

On August 4, 2025, Inspire Medical Systems announced significant setbacks in the launch of its new Inspire V device. The company revealed that the rollout was taking much longer than expected because many treatment centers had not yet completed the required training, contracting, and onboarding needed to begin using the product. Inspire also disclosed billing and reimbursement challenges, explaining that although Medicare had approved a CPT code for Inspire V, the necessary software updates for claims processing did not go into effect until July 1. As a result, implanting centers could not bill for procedures before that date and instead continued using the older Inspire IV system.

In addition to these logistical and reimbursement problems, Inspire reported that the Inspire V launch was suffering from weak demand and excess inventory. These issues forced the company to sharply cut its 2025 earnings guidance by more than 80%. Following these revelations, Inspire's stock price fell more than 32% in a single day-from $129.95 per share on August 4, 2025, to $87.91 per share on August 5, 2025-wiping out approximately $1.2 billion in market capitalization.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Inspire Medical's conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Inspire Medical class action, go to www.faruqilaw.com/INSP or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277465

Genasys Inc. (GNSS) Q4 2025 Earnings Call Transcript

WINNIPEG, Manitoba, Dec. 09, 2025 (GLOBE NEWSWIRE) -- The North West Company Inc. (the "Company" or "North West") today reported its unaudited financial results for the third quarter ended October 31, 2025. It also announced that the Board of Directors has declared a quarterly dividend of $0.41 to shareholders of record on December 31, 2025, to be paid on January 15, 2026.

"Our third-quarter performance demonstrates the underlying strength of our business model, even within a softer sales environment from less money in market, with results driven by margin improvements unlocked through our Next 100 initiative and lower expenses which contributed to delivering double-digit earnings growth," said Dan McConnell, President & CEO. “We are encouraged by the contributions from our Next 100 work and the continuing value it is delivering to customers and shareholders”.

Financial Highlights

Sales Third quarter consolidated sales decreased 0.5% to $634.3 million compared to $637.5 million last year due to a decrease in Canadian Operations same store sales which were partially offset by the impact of foreign exchange on the translation of International Operations sales and sales from new stores. Same store sales decreased 1.7%1 compared to a 4.0% sales gain in the third quarter last year due to a 2.8% decrease in same store sales in Canadian Operations which were negatively impacted by a decrease in funding to individuals from Inuit Child First and Jordan's Principle programs. International Operations same store sales were flat to last year as an increase in food sales offset lower general merchandise sales.

Gross Profit Gross profit increased 1.4% to $217.1 million compared to $214.1 million last year due to a 64 basis point increase in gross profit rate. The increase in the gross profit rate is due to changes in sales blend and the positive impact from our Next 100 work, including refinements of our merchandise assortment and procurement.

Selling, Operating and Administrative Expenses Selling, operating and administrative expenses ("Expenses") decreased $1.6 million or 1.0% compared to last year and were down 13 basis points as a percentage to sales. The decrease in Expenses is largely due to a $3.3 million decrease in share-based compensation costs primarily related to changes in the Company's share price in the quarter compared to last year and a decrease in vessel repairs incurred through our investment in Transport Nanuk Inc. ("TNI") compared to last year. The impact of $1.3 million in one-time costs for professional fees related to the execution of the Next 100 strategy were offset by Next 100 gross profit factors, store labour productivity gains and other cost savings initiatives. Excluding the impact of share-based compensation and Next 100-related one-time costs, Expenses increased $0.3 million or 0.2% compared to last year and were up 17 basis points as a percentage to sales.

Earnings From Operations Earnings from operations ("EBIT") increased 8.5% to $58.7 million compared to $54.1 million last year, and earnings before interest, income taxes, depreciation and amortization ("EBITDA2") increased 6.5% to $88.9 million compared to $83.4 million last year due to the sales, gross profit and Expense factors previously noted. Adjusted EBITDA2, which excludes the impact of share-based compensation and Next 100-related one-time costs, increased $3.5 million or 3.9% to $91.9 million compared to $88.4 million last year and as a percentage to sales was 14.5% compared to 13.9% last year.

Interest Expense Interest expense decreased 7.4% to $4.6 million due to changes in interest rates and average debt compared to last year.

Income Tax Expense Income tax expense increased to $13.1 million compared to $12.8 million last year as the impact of higher earnings was partially offset by a decrease in the effective tax rate to 24.2% compared to 26.0% last year. The decrease in the effective tax rate is due to changes in tax estimates, the blend of earnings across the various tax rate jurisdictions and the taxation of share-based compensation.

Net Earnings Net earnings increased 12.9% to $41.1 million compared to net earnings of $36.4 million last year. Net earnings attributable to shareholders were $40.1 million and diluted earnings per share were $0.82 per share compared to $0.72 per share last year. Adjusted net earnings2, which excludes the after-tax impact of share-based compensation and Next 100-related one-time costs, increased $3.2 million or 8.1% to $43.3 million due to the sales, gross profit, Expense, interest and income tax expense factors previously noted.

Non-GAAP Financial Measures

The Company uses the following non-GAAP financial measures: earnings before interest, income taxes, depreciation and amortization ("EBITDA"), adjusted EBITDA and adjusted net earnings. The Company believes these non-GAAP financial measures provide useful information to both management and investors in measuring the financial performance and financial condition of the Company for the reasons outlined below.

Earnings Before Interest, Income Taxes, Depreciation and Amortization ("EBITDA") is not a recognized measure under IFRS. Management believes that in addition to net earnings, EBITDA is a useful supplemental measure as it provides investors with an indication of the Company's operational performance before allocating the cost of interest, income taxes and capital investments. Investors should be cautioned however, that EBITDA should not be construed as an alternative to net earnings determined in accordance with IFRS as an indicator of the Company's performance. The Company's method of calculating EBITDA may differ from other companies and may not be comparable to measures used by other companies.

Adjusted EBITDA and Adjusted Net Earnings are not recognized measures under IFRS. Management uses these non-GAAP financial measures to exclude the impact of certain income and expenses that must be recognized under IFRS. The excluded amounts are either subject to volatility in the Company's share price or may not necessarily be reflective of the Company's underlying operating performance. These factors can make comparisons of the Company's financial performance between periods more difficult. The Company may exclude additional items if it believes that doing so will result in a more effective analysis and explanation of the underlying financial performance. The exclusion of these items does not imply that they are non-recurring.

These measures do not have a standardized meaning prescribed by GAAP and therefore they may not be comparable to similarly titled measures presented by other publicly traded companies and should not be construed as an alternative to the other financial measures determined in accordance with IFRS.  

Reconciliation of consolidated earnings from operations (EBIT) to EBITDA and adjusted EBITDA:

   Third Quarter($ in thousands) 2025  2024    Earnings from operations (EBIT)$58,709 $54,102Add: Amortization 30,172  29,343EBITDA$88,881 $83,445Adjusted for:   Share-based compensation expense(1) 1,723  4,974The Next 100 one-time costs(2) 1,299  —Adjusted EBITDA$91,903 $88,419
Reconciliation of consolidated net earnings to adjusted net earnings:

   Third Quarter($ in thousands) 2025  2024    Net earnings$41,073 $36,395Adjusted for:   Share-based compensation expense, net of tax (1) 1,326  3,705The Next 100 one-time costs, net of tax (2) 934   —Adjusted net earnings$43,333 $40,100 (1) Certain share-based compensation costs are presented as liabilities on the Company's consolidated balance sheets. The Company is exposed to market price fluctuations in its share price through these share-based compensation costs. These liabilities are recorded at fair value at each reporting date based on the market price of the Company's shares at the end of each reporting period with the changes in fair value recorded in selling, operating and administrative expenses.
Further information on the financial results is available in the Company's 2025 third quarter Report to Shareholders, Management's Discussion and Analysis and unaudited interim period condensed consolidated financial statements which can be found in the investor section of the Company's website at www.northwest.ca.(2) The Next 100 one-time costs include professional fees and other non-recurring expenses incurred in the implementation of the Next 100 work outlined in the Strategies section of the 2025 third quarter Report to Shareholders.  Third Quarter Conference Call

North West will host a conference call for its third quarter results on December 10, 2025 at 8:00 a.m. (Central Time).

Conference call link: https://register-conf.mediaserver.com/register/BIe081f07f34ee4a12bfa5fc7253f3a986

Register ahead of time to receive a unique PIN to access the conference call via telephone. Once registered, participants can dial into the conference call from their telephone via the unique PIN or click on the “Call Me” option to receive an automated call directly on their telephone.

Webcast link: https://edge.media-server.com/mmc/p/a39bbant

The conference call will be archived and available until December 10, 2026 at https://www.northwest.ca/investors/conference-calls

Notice to Readers

Certain forward-looking statements are made in this news release, within the meaning of applicable securities laws. The forward-looking statements about North West including its business operations, strategy, expected financial performance and condition, and legal matters. Specific forward-looking statements in this press release include, but are not limited to, future or conditional future financial performance (including sales, earnings, growth rates, capital expenditures, dividends, debt levels, financial capacity, access to capital and liquidity), ongoing business strategies or prospects, the Company's plans regarding sales of private label products and intentions regarding a normal course issuer bid and the number of shares purchased, the potential impact of a pandemic on the Company's operations, supply chain and the Company's related business continuity plans, the realization of cost savings from cost reduction plans, the anticipated impact of The Next 100 strategic priorities and possible future action by the Company. Forward-looking statements are contained throughout this press release and are typically identified by words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “intends”, “targets”, “projects”, “forecasts”, “foresees”, “could”, “goals”, “intends”, “seeks”, “strives”, “will”, “may”, “should” and other similar expressions, or negative versions thereof, as they relate to North West and its management.

Forward-looking statements are based on current expectations and projections about future events and are inherently subject to, among other things, risks, uncertainties and assumptions about the Company, economic factors and the retail industry in general.

Forward-looking statements reflect the Company’s estimates, beliefs and assumptions, which are based on management’s perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate in the circumstances. The Company’s estimates, beliefs and assumptions are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding future events and, as such, are subject to change. The Company can give no assurance that such estimates, beliefs and assumptions will prove to be correct. Numerous risks and uncertainties could cause the Company’s actual results to differ materially from those expressed, implied or projected in the forward-looking statements, including those described in this press release and the Company’s 2024 Annual Report and Annual Information Form. Such risk and uncertainties include, but are not limited to: changes in inflation, tariffs, commodity prices, interest and foreign exchange rates, government fiscal health and changes in government policy that result in a reduction in financial support for programs benefiting individuals including Nutrition North Canada ("NNC"), Jordan's Principle and Inuit Child First in Canadian Operations, and the U.S. Supplemental Nutrition Assistance Program ("SNAP") and Alaska by-pass mail system in International Operations, which contribute to lower living costs for eligible customers, the Company's ability to maintain an effective supply chain, changes in accounting policies and methods used to report financial condition, uncertainties associated with critical accounting assumptions and estimates, including estimates of contingent consideration, the effect of applying future accounting changes, business competition, technological change, changes in government regulations and legislation, changes in tax laws, unexpected judicial or regulatory proceedings, catastrophic events, the Company's ability to complete and realize benefits from capital projects, E-Commerce investments, strategic transactions and the integration of acquisitions, the Company's ability to realize benefits from investments in information technology ("IT") and systems, including IT system implementations, or unanticipated results from these initiatives and the Company's success in anticipating and managing the foregoing risks.

The reader is cautioned that the foregoing list of factors that may affect the Company’s forward-looking statements is not exhaustive. Other risks and uncertainties not presently known to the Company or that the Company presently believes are not material could also cause actual results or events to differ materially from those expressed in its forward-looking statements. Additional risks and uncertainties are discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time, including, without limitation, the Risk Factors sections of the 2024 Annual Report and Annual Information Form, and in our most recent consolidated financial statements, management information circular, material change reports and news releases. The reader is also cautioned to consider these and other factors carefully and not place undue reliance on forward-looking statements, which reflect the Company’s expectations only as of the date of this press release. Other than as specifically required by applicable law, the Company does not intend to update any forward-looking statements whether as a result of new information, future events or otherwise.

Additional information on the Company, including our Annual Information Form, can be found on SEDAR+ at www.sedarplus.ca or on the Company's website at www.northwest.ca.

Company Profile

The North West Company Inc., through its subsidiaries, is a leading retailer of food and everyday products and services to rural communities and urban neighbourhoods in Canada, Alaska, the South Pacific and the Caribbean. North West operates 230 stores under the trading names Northern, NorthMart, Giant Tiger, Alaska Commercial Company, Cost-U-Less and RiteWay Food Markets and has annualized sales of approximately CDN$2.6 billion.

The common shares of North West trade on the Toronto Stock Exchange under the symbol NWC. 

For more information contact:

Dan McConnell, President and Chief Executive Officer, The North West Company Inc.
Phone 204-934-1482; fax 204-934-1317; email [email protected]

John King, Executive Vice-President and Chief Financial Officer, The North West Company Inc.
Phone 204-934-1397; fax 204-934-1317; email [email protected]

1 Excluding the impact of foreign exchange
2 See Non-GAAP Measures Section of the news release

United Parcel Service (UPS - Free Report) closed at $96.97 in the latest trading session, marking a +1.49% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.09%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.13%.

The stock of package delivery service has risen by 2.68% in the past month, lagging the Transportation sector's gain of 5.11% and overreaching the S&P 500's gain of 1.89%.

Analysts and investors alike will be keeping a close eye on the performance of United Parcel Service in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $2.18, marking a 20.73% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $23.88 billion, indicating a 5.6% decrease compared to the same quarter of the previous year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.89 per share and a revenue of $87.95 billion, representing changes of -10.75% and -3.43%, respectively, from the prior year.

Any recent changes to analyst estimates for United Parcel Service should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.

The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.93% upward. United Parcel Service currently has a Zacks Rank of #3 (Hold).

Digging into valuation, United Parcel Service currently has a Forward P/E ratio of 13.87. This expresses a discount compared to the average Forward P/E of 15.37 of its industry.

We can additionally observe that UPS currently boasts a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Transportation - Air Freight and Cargo industry held an average PEG ratio of 2.17.

The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 34, finds itself in the top 14% echelons of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.

Valero Energy (VLO - Free Report) closed the most recent trading day at $175.32, moving +1.01% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.09%. On the other hand, the Dow registered a loss of 0.38%, and the technology-centric Nasdaq increased by 0.13%.

Coming into today, shares of the oil refiner had lost 3.14% in the past month. In that same time, the Oils-Energy sector lost 0.79%, while the S&P 500 gained 1.89%.

Investors will be eagerly watching for the performance of Valero Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 29, 2026. It is anticipated that the company will report an EPS of $3.31, marking a 417.19% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $29.13 billion, reflecting a 5.28% fall from the equivalent quarter last year.

For the full year, the Zacks Consensus Estimates are projecting earnings of $10.15 per share and revenue of $121.45 billion, which would represent changes of +19.69% and -6.49%, respectively, from the prior year.

It's also important for investors to be aware of any recent modifications to analyst estimates for Valero Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 10.25% higher. Right now, Valero Energy possesses a Zacks Rank of #3 (Hold).

From a valuation perspective, Valero Energy is currently exchanging hands at a Forward P/E ratio of 17.1. For comparison, its industry has an average Forward P/E of 16.75, which means Valero Energy is trading at a premium to the group.

We can additionally observe that VLO currently boasts a PEG ratio of 0.88. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Oil and Gas - Refining and Marketing industry stood at 0.93 at the close of the market yesterday.

The Oil and Gas - Refining and Marketing industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 147, placing it within the bottom 41% of over 250 industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.

For the quarter ended October 2025, Academy Sports and Outdoors, Inc. (ASO - Free Report) reported revenue of $1.38 billion, up 3% over the same period last year. EPS came in at $1.14, compared to $0.98 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.4 billion, representing a surprise of -1.2%. The company delivered an EPS surprise of +6.54%, with the consensus EPS estimate being $1.07.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Academy Sports and Outdoors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Comparable Sales Growth: -0.9% versus -0.8% estimated by six analysts on average.Stores - EOP: 317 versus 316 estimated by four analysts on average.New stores open: 11 versus the two-analyst average estimate of 10.Net Sales- Merchandise Division Sales- Outdoors: $445.14 million compared to the $422.53 million average estimate based on two analysts. The reported number represents a change of +3.1% year over year.Net Sales- Merchandise Division Sales- Sports and recreation: $288.74 million compared to the $286.63 million average estimate based on two analysts. The reported number represents a change of +4.2% year over year.Net Sales- Other Sales: $7.56 million compared to the $35.74 million average estimate based on two analysts. The reported number represents a change of +2.2% year over year.Net Sales- Merchandise Division Sales- Footwear: $292.44 million versus $291.23 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.Net Sales- Total Merchandise Sales: $1.38 billion versus $1.37 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3% change.Net Sales- Merchandise Division Sales- Apparel: $349.81 million versus $365.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2.4% change.View all Key Company Metrics for Academy Sports and Outdoors here>>>

Shares of Academy Sports and Outdoors have returned +8.9% over the past month versus the Zacks S&P 500 composite's +1.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

, /PRNewswire/ -- Antero Midstream Corporation (NYSE: AM) ("Antero Midstream") announced today the pricing of its upsized private placement to eligible purchasers of $600 million in aggregate principal amount of 5.75% senior unsecured notes due 2034 at par (the "Notes"). The offering is expected to close on December 23, 2025, subject to customary closing conditions.

Antero Midstream estimates that it will receive net proceeds of approximately $593 million, after deducting the initial purchasers' discounts and estimated expenses. Antero Midstream intends to use the net proceeds from the offering, together with borrowings under Antero Midstream Partners LP's ("Antero Midstream Partners") revolving credit facility and the net proceeds from the disposition of all of Antero Midstream's Utica Shale midstream assets (the "Utica Disposition"), to fund the acquisition of HG Energy II Midstream Holdings, LLC from HG Energy II LLC (the "HG Acquisition"), and related fees and expenses. The completion of this offering is not contingent on the consummation of the HG Acquisition or the Utica Disposition and the HG Acquisition and the Utica Disposition are not contingent on the closing of this offering.

If (i) the closing of the HG Acquisition has not occurred on or prior to the later of (x) June 2, 2026 and (y) such date to which the outside date under the Membership Interest Purchase Agreement, dated December 5, 2025, by and among by and among Antero Midstream Partners, Antero Resources Corporation, HG Energy II LLC, HG Energy II Production Holdings LLC and HG Energy II Midstream Holdings LLC (the "HG Purchase Agreement") as in effect on the closing date of this offering may be extended in accordance with the terms thereof, which date shall be no later than September 2, 2026, any such extension to be set forth in an officers' certificate delivered to the trustee prior to the close of business on June 2, 2026 or such other extended outside date as shall then be applicable (the "Special Mandatory Redemption Outside Date"), (ii) prior to the Special Mandatory Redemption Outside Date, the HG Purchase Agreement is terminated according to its terms without the closing of the HG Acquisition or (iii) Antero Midstream Partners determines based on its reasonable judgment that the HG Acquisition will not close prior to the Special Mandatory Redemption Outside Date or at all, Antero Midstream Partners will be required to redeem all of the outstanding Notes at a redemption price equal to 100% of the initial issue price of the Notes plus accrued and unpaid interest, if any, to but excluding the special mandatory redemption date.

The Notes to be offered have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and applicable state securities laws. The Notes are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and outside the United States pursuant to Regulation S under the Securities Act.

This press release is neither an offer to sell nor a solicitation of an offer to buy the Notes or any other securities and shall not constitute an offer to sell or a solicitation of an offer to buy, or a sale of, the Notes or any other securities in any jurisdiction in which such offer, solicitation or sale is unlawful.

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation's properties.

This release includes "forward-looking statements." Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Midstream's control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Midstream expects, believes or anticipates will or may occur in the future, such as statements regarding the proposed offering and the intended use of proceeds are forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements speak only as of the date of this release. Although Antero Midstream believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Midstream expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Antero Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties incidental to our business, most of which are difficult to predict and many of which are beyond Antero Midstream's control. These risks include, but are not limited to, the risk that one or both of the HG Acquisition and the Utica Disposition will not close on the timeline anticipated, or at all, commodity price volatility, inflation, supply chain or other disruptions, environmental risks, Antero Resources Corporation's drilling and completion and other operating risks, regulatory changes or changes in law, the uncertainty inherent in projecting Antero Resources Corporation's future rates of production, cash flows and access to capital, the timing of development expenditures, impacts of world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading "Item 1A. Risk Factors" in Antero Midstream's Annual Report on Form 10-K for the year ended December 31, 2024 and its subsequently filed Quarterly Reports on Form 10-Q.

SOURCE Antero Midstream Corporation

December 09, 2025 5:42 PM EST | Source: Eric Sprott
Toronto, Ontario--(Newsfile Corp. - December 9, 2025) - Eric Sprott announces that, today, Sprott Mining Inc., a corporation which is beneficially owned by him, sold 5,000,000 common shares (Shares) of Americas Gold and Silver Corporation., over the Toronto Stock Exchange at a price of approximately $6.7910 per share for aggregate consideration of $33,955,000.

Prior to the disposition of Shares, Mr. Sprott beneficially owned 50,053,940 Shares representing approximately 16.3% of the outstanding Shares. As a result of the disposition of Shares, Mr. Sprott now beneficially owns 45,053,940 Shares representing approximately 14.7% of the outstanding Shares. The disposition of Shares resulted in a decrease in holdings of approximately 3.3% since the date of the last filing of an early warning report.

Mr. Sprott has a long-term view of the investment and may acquire additional securities including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

Americas Gold and Silver is located at 145 King Street West, Suite 2870, Toronto, Ontario, M5H 1J8. A copy of the early warning report with respect to the foregoing will appear on Americas Gold and Silver's profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott's office at (416) 945-3294 (Sprott Mining Inc., 7 King Street East, Suite 1106, Toronto, ON, M5C 3C5).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277512