Market Signal Briefing

Ripple, the San Francisco-based enterprise blockchain company, has gained an expanded Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS), marking a major milestone in its Asia-Pacific strategy. The update, announced Monday, positions Ripple to broaden its operations in one of the world’s most influential crypto hubs and deepen its long-term commitment to regulated digital asset services.

Singapore has long been recognized as a leading financial and fintech center with one of the most progressive digital asset regulatory frameworks. MAS’ clear standards have become a benchmark for other jurisdictions designing crypto regulations. Ripple has operated its Asia-Pacific headquarters in Singapore since 2017, underscoring its strategic focus on the region’s rapidly growing digital payments ecosystem.

Ripple’s Singapore subsidiary secured its initial MPI license in 2023, allowing it to legally offer payment services above specified thresholds, including cross-border money transfers. With the newly expanded scope of approval, Ripple can now onboard more financial institutions in the region and support additional regulated payment activities. The expanded MPI license also enables Ripple to legally facilitate transactions involving digital payment tokens (DPTs) such as XRP, which strengthens the company’s ability to support high-volume cross-border payments for banks, fintech firms, and institutional partners.

This regulatory advancement aligns with Ripple’s broader mission to modernize global payment infrastructure using blockchain technology and the XRP Ledger. As financial institutions increasingly seek compliant and efficient blockchain-based solutions, Ripple’s enhanced licensing status in Singapore is expected to accelerate adoption of its payment rails across Asia.

The move also reinforces Singapore’s role as a major global crypto hub, driving innovation while maintaining strict regulatory oversight. With stronger authorization from MAS, Ripple is poised to expand its influence in digital asset services, offering faster, more scalable, and compliant cross-border payment solutions throughout the region.

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Grayscale has secured approval to move forward with the first spot Chainlink (LINK) exchange-traded fund, marking the asset manager’s third crypto ETF launch in just two weeks. According to ETF analyst Nate Geraci, the SEC has granted uplisting clearance, allowing the existing Grayscale Chainlink Trust to convert into a fully tradable ETF on NYSE Arca. This shift gives traditional investors a regulated and familiar way to gain exposure to LINK, a token increasingly recognized for its role in powering real-world blockchain utility.

Grayscale filed its S-1 registration in late September to formalize the conversion, following recent introductions of similar XRP and Dogecoin funds. The new GLNK ETF is notable because it includes a staking component, which has drawn attention from regulators. Analysts say the SEC still seeks clarity on how yield-generating mechanisms should operate within digital asset funds. Meanwhile, Bitwise’s CLNK ETF, which excludes staking, has already appeared on the DTCC registry and was initially expected to launch first.

Chainlink’s rising prominence has fueled demand for institutional-grade investment products. In a recent report titled The Link Between Worlds, Grayscale researchers highlighted LINK as the leading asset in crypto’s Utilities & Services sector, describing it as the “picks and shovels” of on-chain finance. They also emphasized that LINK is the largest non–Layer 1 token by market cap, reflecting its expanding use in tokenization and cross-chain infrastructure.

Institutional adoption has accelerated throughout 2024. CaliberCos became one of the first U.S. companies to publicly hold and stake LINK as part of its treasury strategy. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has also been integrated in major pilots, including Hong Kong’s cross-border digital currency test and World Liberty Financial’s multi-chain deployment of USD1.

With regulatory approval secured and enterprise adoption growing, Grayscale’s Chainlink ETF is positioned to meet increasing demand for secure, regulated access to LINK as the token continues to play a critical role in global blockchain infrastructure.

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XRPUSD – Hourly Chart – 011225
Below, I will explore the key drivers behind the pullback, the medium-term (4-8 week) outlook, and the key technical levels traders should watch.

Yen Carry Trade Unwind Risks Hit Sentiment
BTC fell 3.39% to $87.337, with XRP sliding 3.35% to $2.0834 in morning trading. USD/JPY fell 0.30% to 155.666 in morning trading on December 1, weighing on risk appetite. USD/JPY trends can materially impact buyer demand for BTC and the broader crypto market. Here’s what crypto traders need to know:

Economists have raised bets on a Fed rate cut and a Bank of Japan hike in December, sending USD/JPY lower. Notably, the Fed ends Quantitative Tightening (QT) on December 1, setting the stage for a narrower US-Japan interest rate differential, in favor of the yen. The likelihood of a Fed rate cut on top of an end to QT and a BoJ rate hike could push USD/JPY toward 140.

Typically, sharp FX movements trigger margin calls, which force traders to unwind yen carry trades. Carry trades involve borrowing a financial instrument with a low interest rate to buy another instrument with a higher interest rate or risk assets that typically yield higher returns.

BTCUSD – Daily Chart – 2024 Yen Carry Trade Unwind
Bearish Near-Term, But Bullish Medium-Term
The short-term bearish outlook remains intact, given the risks of a yen carry trade and waning institutional demand for XRP-spot ETFs. Inflows of $666.61 million into XRP-spot ETFs since launch fell short of BTC-spot ETF flows at launch, weighing on sentiment. Analysts had expected pent-up institutional demand to fuel stronger inflows.

Notably, Franklin XRP ETF (XRPZ) reported inflows of just $85.22 million since launch despite Franklin Templeton being the 19th largest ETF issuer by assets under management. Canary XRP ETF (XRPC) has led the way, with inflows of $343.67 million, benefiting from a first-to-market advantage. However, $243.05 million of total inflows came on day one of trading, suggesting that the advantage is diminishing.

While the near-term outlook remains bearish, the medium-term outlook looks more bullish. Several events, including the progress of the Market Structure Bill on Capitol Hill and the Fed’s interest rate decision, will be key.

Market Structure Bill Gains Momentum
XRP rallied 14.69% on July 17, 2024, after the House passed the bill to the Senate. The token will likely benefit from the Senate passing the bill, which would open the door to a broader investor base.

Crypto in America host Eleanor Terrett shared the latest developments on Capitol Hill, stating:

“Just had a call with an industry source who recently met with a group of Senate Dems working on market structure legislation. The source said one of the members noted that they are preparing for a possible markup of a bipartisan market structure bill the week of December 8.”

Delays to crypto legislation have contributed to XRP’s pullback from its July all-time high of $3.66. However, bipartisan support for the Market Structure Bill and progress toward a January vote will likely boost sentiment, supporting a bullish medium-term (4-8 week) outlook.

XRPUSD – Daily Chart – 011225 – Market Structure Bill House Vote
XRP Recovery at Risk
The current short- and medium-term dynamics hinge on crypto legislative developments, a dovish Fed rate cut, and increased demand for XRP-spot ETFs. These scenarios would support a move to a July all-time high of $3.66 (on Binance).

However, several events could unravel the bullish medium-term outlook. These scenarios include:

The MSCI delists digital asset treasury companies (DATs), curbing interest in XRP as a treasury reserve asset.
The Senate stalls the Market Structure Bill.
Weak institutional demand for XRP-spot ETFs.
The Fed lowers interest rates in December but downplays more rate.cuts

Downside Risks: Monetary Policy, Legislation, MSCI, and Spot ETFs in Focus
Yen carry trade unwind risks, modest inflows into XRP-spot ETF, legislative roadblocks, and the potential delisting of DATs support the bearish short-term outlook.

Another potential headwind would be the OCC rejecting Ripple’s application for a US-chartered banking license.

In my view, XRP is likely to break below $2.0, exposing the November low of $1.8239 if these scenarios unfold. Given the risk of a sharper price drop, a $1.8239 stop-loss would be appropriate for traders carrying long positions.

Outlook Brighter for the Bulls
Key upside risks include:

BlackRock launches an iShares XRP Trust, signaling strong institutional demand.
The Fed cuts rates in December and signals further rate cuts in Q1 2026.
MSCI continues to list DATs.
The Senate passes the Market Structure bill.
Blue-chip companies acquire XRP for treasury reserve purposes.

These events are likely to send XRP to new highs. A break above the July $3.66 ATH would send the token toward $5.

In summary, the short-term outlook remains bearish while the medium- to longer-term outlook is constructive.

Financial Analysis
Technical Outlook: EMAs Signal Caution
XRP fell 2.08% on Sunday, November 30, reversing the previous day’s 0.91% to close at $2.1557. The token saw heavier losses than the broader market, which declined 0.48%.

Following Sunday’s loss, XRP pulled back from the 50-day and 200-day Exponential Moving Averages (EMAs), reaffirming a bearish bias.

Key technical levels to watch include:

Support levels: $2, $1.9112, and $1.8239
50-day EMA resistance: $2.3383.
200-day EMA resistance: $2.5071.
Resistance levels: $2.2, $2.35, $2.5, $2.62, $2.8, $3.0, and $3.66.

Crypto's drive to cut cross-border payment costs is accelerating as Ripple positions XRP and RLUSD to deliver swift, low-cost transfers that could echo Whatsapp's rise from pricey SMS replacement to a global standard for frictionless communication.

Tether CEO Paolo Ardoino has pushed back strongly against S&P Global following its decision to downgrade USDT’s dollar-peg stability. He argued that the rating—lowered from level 4 (“constrained”) to 5 (“weak”)—relied on what he described as outdated legacy models, incomplete data, and an inaccurate representation of Tether’s financial position.

S&P’s downgrade, issued on November 26, placed USDT at the bottom of its 1–5 rating scale. The agency pointed to what it classified as “high-risk assets” in Tether’s reserve composition, including Bitcoin, gold, corporate bonds, secured loans, and other assets carrying credit or market risk. It also noted rising exposure outside traditional money-market holdings.

The move surprised much of the industry, given USDT’s long history of maintaining its peg during volatile market cycles and serving as the most widely used settlement asset across global crypto exchanges.

Ardoino Argues S&P Ignored Core Reserves, Equity, and Revenue Strength
In response, Ardoino dismissed the report as incomplete, stating that S&P failed to account for the full asset structure of Tether Group, including substantial equity and long-term buffers.

According to Ardoino, Tether held at the end of Q3 2025:
• Approximately $184.5 billion in stablecoin reserves
• Around $23 billion in retained earnings
• Roughly $7 billion in excess equity
• An additional $7 billion in secondary reserve buffers

He claimed that these numbers demonstrate Tether is over-collateralized, not under-secured, and that critics continue to rely on outdated narratives about insufficient backing.

Ardoino also highlighted Tether’s powerful revenue engine. With significant exposure to U.S. Treasuries, the company is earning around $500 million per month from government debt yield alone—a figure that has grown in tandem with its holdings of short-term U.S. securities.

He argued that this recurring income was largely overlooked in S&P’s assessment, despite being central to Tether’s growing financial strength.

Critics Renew Concerns Over Asset Allocation
The downgrade reignited debate among analysts who have long scrutinized Tether’s non-traditional reserve components.

Arthur Hayes, former BitMEX CEO, hinted that Tether may be accumulating more gold and Bitcoin. He warned that a steep decline—30 percent or more—in these assets could materially impact the company’s equity and potentially expose USDT to stress conditions.

However, other experts countered the bearish outlook.
Joseph Ayoub, former top digital asset analyst at Citi, stated that after years of studying Tether, he believes the company remains significantly stronger than its critics suggest. He emphasized that:

• Tether’s reserves exceed its liabilities
• Large portions of its equity are not included in public snapshots
• The company generates billions in interest income with fewer than 150 employees
• USDT is better collateralized than most traditional banks

Ayoub’s view highlights a split in analyst sentiment—between those concerned about Tether’s diversification into riskier assets and those confident in the company’s balance-sheet structure.

Market Implications
USDT remains the dominant stablecoin globally, underpinning billions in daily trading volume across exchanges. Any shift in confidence—even if temporary—can influence liquidity, trading spreads, and broader market sentiment.

As of now, Tether maintains that its reserves, equity position, and revenue output place it on solid financial footing, despite S&P’s downgrade.

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

Solana (SOL) is at a critical juncture as conflicting forces shape its near-term outlook. While a major security breach at South Korea's Upbit exchange and unexpected ETF withdrawals have unsettled the market, institutional investors are seizing the opportunity to accumulate SOL at discounted prices.

Bitcoin fell below $87,000, triggering heavy liquidations and renewed volatility in December.

Ethereum price started a fresh decline below $2,950. ETH is down over 5%, trading below $2,880, and might continue to move down.

Ethereum started a fresh decline below $2,950 and $2,900.
The price is trading below $2,880 and the 100-hourly Simple Moving Average.
There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD (data feed via Kraken).
The pair could continue to move down if it settles below the $2,800 zone.

Ethereum Price Dips Over 5%
Ethereum price failed to stay above $3,000 and started a fresh decline, like Bitcoin. ETH price declined below $2,880 to enter a bearish zone.

There was a break below a key bullish trend line with support at $2,990 on the hourly chart of ETH/USD. The bears even pushed the price below $2,850. A low was formed at $2,815 and the price is showing bearish signs below the 23.6% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low.

Ethereum price is now trading below $2,900 and the 100-hourly Simple Moving Average. If there is another upward move, the price could face resistance near the $2,880 level.

Source: ETHUSD on TradingView.com
The next key resistance is near the $2,940 level or the 50% Fib retracement level of the downward move from the $3,052 swing high to the $2,815 low. The first major resistance is near the $2,960 level. A clear move above the $2,960 resistance might send the price toward the $3,000 resistance. An upside break above the $3,000 region might call for more gains in the coming days. In the stated case, Ether could rise toward the $3,050 resistance zone or even $3,150 in the near term.

More Losses In ETH?
If Ethereum fails to clear the $2,960 resistance, it could start a fresh decline. Initial support on the downside is near the $2,820 level. The first major support sits near the $2,800 zone.

A clear move below the $2,800 support might push the price toward the $2,740 support. Any more losses might send the price toward the $2,720 region in the near term. The next key support sits at $2,650 and $2,620.

Technical Indicators

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

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

Major Support Level – $2,800

Major Resistance Level – $2,940

Bitcoin extended its recent decline on Monday morning, dipping below $86,200 as macroeconomic uncertainty and a major DeFi hack triggered renewed risk aversion across crypto markets. The asset traded at $86,035 at the time of writing, down 5.4% in the previous 24 hours, according to CoinMarketCap.

Despite expanding institutional infrastructure around XRP, short-term flows turned sharply bearish. Dec 1, 2025, 4:45 a.m.

XRP plunged 7% to $2.05 as a violent wave of institutional selling broke through critical support levels, overpowering strong ETF inflows and forcing the token back into its November correction range.

News Background• XRP spot ETF inflows reached $666.6M this month, led by 21Shares’ new TOXR listing
• Exchange supply dropped 45% over 60 days, showing large-scale accumulation
• Whale wallets added 150M XRP since Nov 25 despite the latest breakdown
• Selling pressure intensified Tuesday as risk assets weakened broadly

STORY CONTINUES BELOW

Despite expanding institutional infrastructure around XRP, short-term flows turned sharply bearish. ETF demand appeared unable to counter heavy derivatives unwind and large-lot selling through the afternoon session. Market liquidity thinned as broader crypto benchmarks softened, accelerating the downside.

Technical AnalysisThe breakdown beneath $2.16 marked a decisive failure of XRP’s recent consolidation structure. That level served as a pivot during the last three weeks, making its loss a key signal that sellers regained momentum.

The move pushed XRP back into a descending channel defined by consecutive lower highs from $2.38, $2.30, and $2.22. The structure reflects increasing control by bears, with each bounce producing diminishing follow-through.

Volume confirmed the legitimacy of the breakdown—spiking to 309.2M, more than 4.6× the rolling average. This level of activity typically signals institutional exit flows rather than noise. Multiple intraday retests of $2.05—each accompanied by 3M+ spikes—showed buyers defending the psychological floor, but with no confirmed reversal.

Momentum indicators reflect deep short-term oversold conditions, yet not enough divergence to indicate a completed corrective wave. The $2.05–$2.00 zone remains pivotal; losing it exposes the larger November demand band between $1.80 and $1.87.

Price Action SummaryXRP fell from $2.21 to $2.05 during a steep 7.2% decline. The most aggressive selling occurred after $2.16 gave way, triggering cascading liquidations into the close. Volume surged to 309.2M—up 464% from the daily average—confirming intense distribution.

Hourly candles formed a descending channel with lower highs and tightening range behavior. Multiple failed recoveries near $2.12 indicated persistent sell pressure. Buyers repeatedly absorbed dips at $2.05 but without momentum strong enough to reclaim broken support.

What Traders Should Know• Holding $2.05 is critical; a breakdown exposes $1.87–$1.80 next
• Reclaiming $2.16 is required to invalidate the bearish structure
• ETF inflows support long-term outlook, but short-term tape remains heavy
• Watch for bullish divergence on hourly RSI and MACD as early reversal signals
• A high-volume reclaim of $2.12–$2.16 would signal accumulation is resuming

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In major XRP news today, crypto payment infrastructure giant Ripple on Monday said it has received approval from the Monetary Authority of Singapore (MAS) to expand its payment offerings. It boosts the scope for RLUSD and XRP adoption in the region.

XRP News: Ripple Receives Approval to Expand Payment Services in Singapore  
The MAS has approved an expanded Major Payment Institution (MPI) license scope, giving Ripple the green light to scale regulated payment services across Singapore, according to a press release on December 1.

Singapore subsidiary Ripple Markets APAC Pte. Ltd. (RMA) held the license to provide payment services. With the expanded scope approval, the firm broadens its regulated payment offerings while delivering greater value to customers. Ripple has maintained its commitment to compliance, transparency, and strong regulatory partnerships in the region.

“MAS has set a leading standard for regulatory clarity in digital assets, and we deeply value Singapore’s forward-thinking approach,” said Ripple president Monica Long. She added that the expanded license strengthens the firm’s ability to continue investing in Singapore and provide financial institutions with a blockchain-based infrastructure for transferring money efficiently, quickly, and safely.

Ripple Payments to See Broader Adoption
Ripple Payments will get another boost in the region with the license. The firm offers fast, transparent, and reliable cross-border payments, as well as on-ramp and off-ramp services for banks, crypto companies, and fintechs globally with Payments.

The full MPI license will enable Ripple to handle the underlying blockchain and operational complexity for businesses looking to launch digital payment services quickly, without the cost or burden of infrastructure management.

Ripple Payments benefits include using digital payment tokens such as RLUSD and XRP to settle payments and streamlining operations by supporting the entire payment flow. Also, Ripple Payments enables easier access to digital assets while removing bank, infrastructure, or direct digital asset management requirements.

The Asia Pacific region leads in crypto asset adoption and use, with an almost 70% year-over-year increase in on-chain activity. Ripple asserts Singapore is pivotal for its global business expansion as it is a major crypto hub.

Recently, Ripple partnered with Mastercard and Gemini to test the RLUSD stablecoin settlement of fiat card payments. This major XRP news uplifted the firm’s position in blockchain-based settlements.

Price Action amid the Huge XRP News
XRP price fell more than 7% despite news of Ripple’s approval for an expanded MPI license. The price is currently trading at $2.04, with an intraday low and high of $2.04 and $2.21, respectively.

However, trading volume has increased by 57% over the last 24 hours, indicating a rise in interest among traders amid the broader crypto market selloff.

The derivatives markets also showed massive selling, as per CoinGlass data. The total XRP futures open interest dropped almost 3% in the past 4 hours. The 24-hour XRP futures open interest fell nearly 8%, indicating bearish bias among derivatives traders.

Also Read: Best Crypto Futures Trading Platforms for 2025

Yearn Finance, one of the most well-known DeFi platforms, has suffered a major security incident that caused nearly $9 million in losses. The attack targeted a custom stable-swap pool linked to Yearn’s yETH token, allowing the hacker to mint almost unlimited tokens and drain the pool in a single strike.

Here are the key details.

How the Attack HappenedAccording to Yearn Finance, the issue occurred on November 30 around 21:11 UTC. The affected contract was designed differently from Yearn’s main products, but a weakness in that code allowed the attacker to mint a near-infinite number of yETH tokens, far beyond what the system was supposed to allow.

With these fake tokens, they withdrew real ETH and liquid staking assets from the pool. 

Around $8 million was drained from the main stableswap pool, and another $0.9 million was removed from the yETH-WETH pool on Curve. The damage is nearly $9 million.

$3 Million Laundered Through Tornado CashBlockchain security firm PeckShieldAlert confirms that the exploiter quickly moved around 1,000 ETH ($3 million) into Tornado Cash, a platform often used to hide transaction trails. The remaining stolen funds, roughly $6 million, still sit in the attacker’s wallet address (0xa80d…c822).

The wallet currently holds a mix of ETH, pxETH, frxETH, cbETH, Lido stETH, and Rocket Pool rETH. Most of this is now staked, likely an attempt to delay recovery or complicate potential legal actions.

Yearn Finance’s ResponseYearn Finance’s team quickly responded, confirming that the exploit was isolated to the legacy yETH product and assured users that active vaults and their funds remain safe. 

They have been working with security teams and auditors to investigate the incident further. Until now, no recovery plan has been announced. 

Following the attack news market reaction saw Yearn’s governance token (YFI) drop about 4.4% post-incident, trading near $3956.

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Journalist

Posted: December 1, 2025

Over the weekend, Bitcoin [BTC] fell by 5.6% from $91.4k to $86.3k. The latest jobs report showed 119,000 new jobs were added in September. Other data releases were cancelled because of the prolonged government shutdown. Calls for a crypto bottom might be premature.

Quant [QNT] has been noticeably affected by the market-wide volatility. In a recent AMBCrypto report, a major supply zone just under the psychological $100-mark was highlighted as a key resistance.

On Sunday, QNT’s price rose to $105, suggesting that the next bullish phase may be underway. The market correction in recent hours soon pushed Quant prices back within this supply zone.

Technical analysis

Source: QNT/USDT on TradingView

The drop below the former higher low (orange) at $85.52 meant that the weekly QNT structure was bearish. The swing points at $58.6 and $135.6 were the long-term levels of interest.

The rally last week appeared to have tagged the supply zone at and just above $100, with the same in the process of retracing at press time.

Source: QNT/USDT on TradingView

On the 1-day chart, the price structure seemed bullish. Moreover, the 78.6% Fibonacci retracement level at $75 had been defended in November. As a result, the latest rally was able to make a new higher high.

However, the resistance at $105 from September was not overcome – A worry for swing traders. It may be possible that the imbalance (white box) and the 61.8% retracement level at $88 can halt any further price slides.

Indicator health check
The OBV on the weekly timeframe has been trending lower since August, a trend also visible on the 1-day chart. However, the recent spurt in buying volume made a new high. If this demand is sustained, the chances of a QNT recovery from the latest setback at $105 would be good.

The RSI seemed to be on the verge of flipping bullishly on the weekly chart and was steadily bullish on the daily chart. Overall, the indicators seemed to favor further upside after the current reset.

Key levels to watch out for
Putting the analysis together, the $110.8-level is an important weekly resistance. A breach of this level would be a sign of a bullish weekly structure. This week, a dip to $85.7-$88 can be expected, and buyers are likely to prevail.

A drop below $85 would be a sign that the bears might be too strong, and swing traders would have to wait to see the reaction at the $75 Fib retracement – A level which had been pivotal in November.

Final Thoughts

QNT has a bearish structure on the weekly chart and a bullish structure on the daily chart.
The buying pressure over the past week has been strong. If sustained, QNT bulls are likely to defend the $85-support zone and force a rally towards $135.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

It's winning in 2025 and poised to keep it up next year.

The more things change, the more things stay the same. That can describe how Walmart (WMT +1.29%), the most traditional of physical retailers, continues to innovate while retaining its brand and low prices. Despite an onslaught of e-commerce and tech disruptors, Walmart remains the largest company in the world by sales, and it continues to grow despite a challenging environment that has impacted many retailers negatively.

Its stock is reflecting this resilience. It's up 22%, outpacing the S&P 500, and Walmart could be a top value holding heading into the new year.

Image source: Getty Images.

Why Walmart is winning
Walmart is a powerhouse discount retailer that's drawing even more interest in the high-inflation environment. Since much of its merchandise is local, it hasn't been as adversely impacted by tariffs as other companies, and it has enjoyed robust growth recently.

In the 2026 fiscal third quarter (ended Oct. 31), revenue increased 5.8% year over year, and that was outpaced by an 8% increase in adjusted operating income. Earnings per share (EPS) were up from $0.58 last year to $0.62 this year.

Walmart gained market share in grocery and general merchandise, and while there was consumer strength across income levels, it was particularly strong for higher-income earners. Part of that is coming from the company's investments in e-commerce, since it can offer a broader merchandise assortment online and reach customers who wouldn't necessarily walk into a store. E-commerce has been an incredible growth driver overall, and sales increased 27% year over year. It's also expanding its advertising business, and ad sales increased 53% year over year in Q3.

Beyond e-commerce itself, Walmart has been investing in technology to expand its business and stay ahead of new retail trends. It's partnering with OpenAI for customers to be able to check out through ChatGPT, and it's training its developers to save time by coding with AI. It's automating its infrastructure and fulfillment networks to save time and money so it can continue to offer its low prices to customers. That commitment is helping it take market share in a shopping climate that's challenging for many consumers.

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Making many moves
Walmart has 4,700 U.S. locations and more than 10,000 stores worldwide. Even with the rise of e-commerce, you can't beat the traditional retail model, but Walmart is making moves to stay on top, like the investments in e-commerce and a recent acquisition of streaming company Vizio, which is a part of its advertising strategy.

It made two important announcements recently. After a decade at the helm of the biggest company in the world, CEO Doug McMillon is stepping down at the end of the year. John Furner, who currently heads the U.S. business, is stepping into the leading role.

Another change the company recently announced is that it's changing from the New York Stock Exchange (NYSE) to the Nasdaq. The Nasdaq is a tech-heavy stock exchange, and management said that it reflects the company's brand identity as moving forward with technology. Although this doesn't change much for investors, it means that Walmart stock can be included in indexes and exchange-traded funds (ETF) that draw from the Nasdaq, like the Nasdaq-100. In other words, it's winning today and leveraging its momentum to position itself for further success in 2026.

While the new moves are an important element in Walmart's growth efforts, the investing thesis includes Walmart's stability. Part of that is its dividend; Walmart is a Dividend King, an exclusive cadre of stocks that have raised their dividend annually for at least 50 years. That's an impressive feat, and it signifies ultimate reliability for passive income investors.

Walmart is having an incredible moment, and it's poised to keep it up in 2026 and further.

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

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

November 30, 2025 10:25 PM EST | Source: The Rosen Law Firm PA
New York, New York--(Newsfile Corp. - November 30, 2025) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers or sellers of common stock of Cepton, Inc. (NASDAQ: CPTN) between July 29, 2024 and January 6, 2025, both dates inclusive (the "Class Period"), of the important December 8, 2025 lead plaintiff deadline.

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

WHAT TO DO NEXT: To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than December 8, 2025. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. 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.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements regarding Cepton's business, operations, and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) Cepton had received a credible third-party bid valuing Cepton at more than double the Koito Acquisition (Cepton's merger with Koita Manufacturing Co., Ltd.); (2) Cepton's Board of Directors failed to meaningfully explore the foregoing offer and failed to disclose its terms when recommending that Cepton's shareholders approve the Koito Acquisition; (3) consequently, Cepton's shareholders were deprived of the opportunity to meaningfully consider whether to accept or reject the Koito Acquisition; and (4) as a result, defendants' public statements were materially false and misleading at all relevant times.

To join the Cepton class action, go to https://rosenlegal.com/submit-form/?case_id=45981 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276390

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

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

SummaryWaste Management is rated a Buy with a $242 price target, offering a 12% upside and strong defensive qualities for long-term investors.WM delivered double-digit revenue growth and premium margins, driven by its core business and expansion into recycling and renewable energy.Despite heavy leverage and recent bottom-line headwinds, anticipated Fed easing and future EPS growth in FY2026 support a bullish outlook for WM.The stock trades at a premium valuation, justified by business stability, a significant moat, and consistent outperformance versus peers and the S&P 500.Tatomm/iStock via Getty Images

Waste Management (WM) is a $85 billion market capitalization defensive company, experiencing a double-digit revenue growth and operating at premium, above-market margins. The stock is down 4% over the past 12 months, which may appear to be a compelling diversification opportunity

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WM over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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November 30, 2025 10:59 PM EST | Source: Thermal Energy International Inc.
Ottawa, Ontario--(Newsfile Corp. - November 30, 2025) - Thermal Energy International Inc. (TSXV: TMG) (OTCQB: TMGEF) ("Thermal Energy" or the "Company"), a global provider of energy efficiency and emissions reduction solutions, has announced that it granted 3,334,000 options to purchase common shares of the Company to officers and directors of the Company on November 30, 2025 as part of an overall remuneration and incentive program.

The stock options were granted pursuant to the terms of the Company's stock option plan, have a 5-year term and are exercisable at $0.125. Of the total 3,334,000 options granted, 1,334,000 options will vest in three equal annual installments on each of the first three anniversaries of the grant date, and 2,000,000 options will vest in four equal annual installments on each of the first four anniversaries of the grant date. Stock option grants are subject to necessary regulatory approvals.

Readers are encouraged to subscribe to TEI News to receive strategic news and updates directly to their inbox.

Notes to editors

About Thermal Energy International Inc.

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to Fortune 500 and other large multinational companies. We save our customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, USA, as well as Bristol, UK, with sales offices in Canada, UK, USA, Germany, Poland, France, and Italy. By providing a unique mix of proprietary products together with process, energy, and environmental engineering expertise, Thermal Energy can deliver unique, site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for our customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange (TSX-V) under the symbol TMG and on the OTCQB under the symbol TMGEF. For more information, visit our investor website at https://investors-thermalenergy.com or company website at www.thermalenergy.com and follow us on Twitter at https://twitter.com/GoThermalEnergy.

Forward-Looking Statements

This press release contains forward-looking statements relating to, and amongst other things, based on management's expectations, estimates and projections, the anticipated effectiveness of the Company's products and services, the timing of revenues to be received by the Company, the expectation that orders in backlog will become revenue, the anticipated benefits of the Company's current efforts at training and business improvement efforts, opportunities for growth, the Company's belief that it can capitalize on opportunities, the size of markets and opportunities open to the Company and the impact of investments that the Company has made on the Company's ability to scale. Information as to the amount of heat recovered, energy savings and payback period associated with Thermal Energy International's products are based on the Company's own testing and average customer results to date. Statements relating to the expected installation and revenue recognition for projects, statements about the anticipated effectiveness and lifespan of the Company's products, statements about the expected environmental effects and cost savings associated with the Company's products and statements about the Company's ability to cross-sell its products and sell to more sites are forward looking statements. These statements are not guarantees of future performance and involve a number of risks, uncertainties and assumptions. Many factors, some of which are outside of the Company's control, could cause events and results to differ materially from those stated. Fulfilment of orders, installation of product and activation of product could all be delayed for a number of reasons, some of which are outside of the Company's control, which would result in anticipated revenues from such projects being delayed or in the most serious cases eliminated. Actions taken by the Company's customers and factors inherent in the customer's facilities but not anticipated by the Company can have a negative impact on the expected effectiveness and lifespan of the Company's products and on the expected environmental effects and cost savings expected from the Company's products. Any customer's willingness to purchase additional products from the Company and whether orders in the Company's backlog as described above will turn into revenue is dependent on many factors, some of which are outside of the Company's control, including but not limited to the customer's perceived needs and the continuing financial viability of the customer. Volatility with respect to tariffs and trade regulation may continue and may impact the Company in ways not currently anticipated. The Company disclaims any obligation to publicly update or revise any such statements except as required by law. Readers are referred to the risk factors associated with the Company's business as described in the Company's most recent Management's Discussion and Analysis available at www.sedarplus.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276396

Even with both stocks near highs, investors should feel comfortable doubling up on them.

Most investors have heard of "doubling down" on stocks, which means increasing positions in their stocks that have dipped. However, sometimes it can be a good idea to "double up" on stocks -- buy more shares of holdings that have been on strong runs.

Let's look at two stocks to double up on right now.

1. Alphabet
Last year, Alphabet (GOOGL +0.06%) (GOOG 0.05%) was viewed as an artificial intelligence (AI) loser whose main Google search business was facing an existential crisis. Fast-forward a year, and that perception has changed. Alphabet is now seen as one of the top companies positioned for the AI era.

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During this period, the company has integrated its Gemini large language model (LLM) across its suite of products -- including Google search and its Android smartphone operating system --and leveraged its cloud computing infrastructure for AI development. Its recently introduced Gemini 3 model has been widely praised, and rival OpenAI, which was the early AI model leader, has admitted Alphabet's AI innovation is likely to cause it some headwinds.

On top of that, the company's custom AI chips, called tensor processing units (TPUs), are now viewed as arguably the best alternative to Nvidia's (NVDA 1.83%) graphics processing units (GPUs) for AI workloads. As an ASIC (application-specific integrated circuit) designed specifically to run within Google Cloud's TensorFlow framework, these chips have both strong performance and are more energy-efficient and cost-effective. As the market shifts more toward inference, this becomes even more important.

The combination of having a world-class AI model and custom chips gives Alphabet a huge structural cost advantage, both with cloud computing and its AI/search business. It can run its own AI workload cheaper and more cost-effectively because of this, and get high margins in its cloud business. This is just something no other company has right now.

Moving forward, Alphabet looks like it will just become a bigger AI winner over time, and investors can still confidently add shares even after the stock's run-up.

Image source: Getty Images.

2. Broadcom
Another stock investors should feel confident doubling up on is Broadcom (AVGO +1.37%), the company that has helped Alphabet design its TPUs. While Alphabet's TPUs have been 10 years in the making and are in their seventh generation, their success is leading to other companies turning to Broadcom to help them make their own custom AI chips.

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Broadcom has said it sees a more than $60 billion market opportunity in fiscal 2027 from its three custom AI customers furthest along, which is about double its total revenue today. Meanwhile, it also recently got a $10 billion order from a fourth customer and signed a deal with OpenAI to deploy 10 gigawatts of its chips. One gigawatt of power equates to about $35 billion worth of chips, so that deal alone could be worth over $100 billion a year down the road.

In addition to custom chips, Broadcom is also a leader in data center networking. Its components, such as Ethernet switches and optical interconnects, help move data more quickly inside large AI clusters. This is another important and fast-growing market that is benefiting from the AI infrastructure buildout.

Broadcom also owns a large infrastructure software business that it has cobbled together through acquisitions. The most important of these businesses is virtualization company VMWare, whose software stack allows multiple virtual machines to run on a single server to help lower costs. Broadcom has transitioned VMWare to a subscription model and begun upselling customers to its VMware Cloud Foundation platform, which lets enterprise customers manage AI workloads across public clouds and their own on-premise data centers. This helps avoid cloud vendor lock-in and thus has seen solid growth with the AI boom.

Given the huge growth opportunity Broadcom has in front of it, especially with custom AI chips, the stock is one to double up on.

Some of my stocks are down 96% and keep me up at night. But there's one tech giant that's made me 2,017% without a single serious worry.

Some of the stocks I own can make me nervous from time to time.

That includes many of my favorite names. I still expect big things from remote medicine specialist Teladoc (TDOC +1.88%), for example, but my original holding is down 96% from August 2020. The Trade Desk (TTD +1.18%) position I started two years later is down 13% on Nov. 26, 2025. I think it's an unreasonable price drop, involving a 72% plummet from last December's record highs.

But not all of them give me the shivers. I never lost any sleep worrying about my Alphabet (GOOG 0.05%) (GOOGL +0.06%) investment.

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Why I bought Google when smartphones were young and dumb
I started my Alphabet position in December 2010 at a split-adjusted price of $15.03 per share. The company was known as Google back then. I've added more capital to that position over the years, but the original shares are up by 2,017% as of Thanksgiving Day, 2025.

Things were different in 2010. Cloud computing and software as a service (SaaS) were still fairly new concepts, at least on a large scale. The Google Docs office suite was only four years old, people generally didn't have smartphones, and Google was intensely focused on its online search and advertising business.

Buying Google at that point was already a pretty common and respectable idea, of course. With a $192.6 billion market cap when I opened my Google position, it was the 8th largest stock on the American market.

The ad-based search business was thriving, but the success wasn't properly reflected in Google's stock price. Because of the financial crisis in 2008 and Google's exit from the promising Chinese market, the stock traded at modest valuation ratios such as 24.5 times trailing earnings and 22.6 times free cash flow.

And I had been using Google services every day for about a decade at that point. Moreover, I loved co-founders Larry Page and Sergey Brin's business philosophy -- build something great and focus on the user. The financial results will follow eventually.

My only regret about the first Google stock buy is that I didn't do it earlier.

Let's talk about Google's worst flops
No company is perfect, and no business is risk-free. Alphabet (and Google before it) certainly had its fair share of unforced errors. For example:

Alphabet could have dominated global smartphone profits with its Android platform, but the Apple (AAPL +0.46%) iPhone ran away with the smartphone revenue and profit trophies right away. There are more Android units out there, but people gladly pay more for their iPhones.
You've seen several Google-branded messaging services come and go, like Allo, Hangouts, Meet, and Duo. Most of them never gained much usage despite Google accounts being nearly ubiquitous.
The Google Pixel line of smartphones isn't even the leading version of Google's own Android system; that would be Samsung (SSNL.F +56.02%) and its popular Galaxy line.
The company keeps running into legal and ethical challenges. Most recently, a federal judge ordered Google to share search index data with competitors and stop entering exclusive search contracts with web browser and smartphone makers. The ruling is now under appeal.

That's just a small sampling of a very long list. Many of these items have resulted in lower Alphabet share prices, at least temporarily. But I'm holding on to my shares, because these issues don't scare me.

Why the failures don't matter (and most likely never will)
You see, Alphabet is built to change with the times. You can see it in the financial results. Five years ago, for example, 83% of Alphabet's 2019 revenue came from various forms of Google advertising. In last month's third-quarter 2025 report, that ratio had dwindled to 72%. Google Cloud accounts for a growing portion of Alphabet's business, chiefly driven by demand for its artificial intelligence (AI) services.

The company's business model will probably change faster in the next few years as the AI boom plays out. Not only will Google Cloud continue to grow its financial importance, but a plethora of AI-driven products and services should pop up. Most will be forgettable footnotes in Alphabet's history, but some should stick. Ten or 20 years from now, self-driving taxi service Waymo might account for more than 10% of Alphabet's total sales. Or maybe Verily's medical research steps up in that role instead, or the Google Quantum AI research lab.

Image source: Getty Images.

The search-based advertising business provides a stable financial platform from which Alphabet can try a ton of experimental ideas. The large number of mistakes along the way is a testament to the company's inventive operating approach. This is why I don't panic when one of Alphabet's many ideas goes off the rails. The company will throw some more spaghetti on the wall to find something that sticks.

The success stories are frequent enough that the failures don't really matter. If you want proof, look back at the stock returns I showed you earlier. Alphabet's trailing revenues have soared 1,220% in that 15-year period. Free cash flows are up from $7.0 billion to $73.6 billion. And the hits keep coming.

So if you forced me to pick just one stock to buy and hold forever, Alphabet is that no-brainer pick.

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Oil rose in early Asian trade. Markets continue to focus on the progress of Russia-Ukraine peace talks, Nanhua Futures said.

These industry giants still have plenty of growth fuel.

Size isn't everything on equity markets, but large-cap stocks tend to carry significantly less risk than small caps. And while smaller players as a group make up for that with higher upside potential, it's hard to pick which ones will succeed and which ones will cease to exist within a decade. For those for whom that risk isn't worth it, plenty of well-established corporations that have been delivering excellent financial results for years still have plenty of room to grow. Let's consider two that could outperform broader equities over the next 10 years: Amazon (AMZN +1.77%) and Adyen (ADYE.Y +0.45%).

Image source: Getty Images.

1. Amazon
Amazon is a leader -- and in some cases the leader -- in many of the markets in which it operates. That includes video streaming, music streaming, e-commerce, digital advertising, and, of course, cloud computing. Dominating even one of these industries is no easy feat. Performing that well in several of them, as Amazon is doing, is incredibly impressive. And over the next decade, the company should hang on to growth drivers that will help it post strong financial results throughout and deliver outstanding returns.

Amazon's digital ads business has been one of its fastest-growing segments. It carries much higher margins than its e-commerce operations, and, since Amazon is one of the most visited websites in the world -- and benefits from strong network effects and a powerful brand name -- traffic to the company's main platform should remain strong, leading to increased ad demand.

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In cloud computing, Amazon is making significant strides. The company's cloud division, Amazon Web Services (AWS), is already responsible for most of its operating profits and is seeing strong momentum thanks to artificial intelligence (AI). This business should be Amazon's most crucial tailwind through 2035. The company could also make progress in other areas.

Amazon's healthcare ambitions, through Amazon Pharmacy and Amazon One Medical, are gaining traction, partly thanks to the perks they offer (fast and convenient virtual appointments coupled with integrated pharmacy services and same-day delivery), as well as the company's large base of more than 200 million Prime members.

Even within its e-commerce business, Amazon should continue to make progress as it aims to boost margins in that unit. Amazon might be worth $2.5 trillion at the time of this writing, but the company still has plenty of upside for investors willing to hold the stock through the next decade.

2. Adyen
Adyen is a leading fintech specialist based in the Netherlands. The company's selling point is a service that enables corporations -- especially those operating in multiple countries -- to accept and process various payment methods across digital and in-person transactions, all on a single, integrated platform that also offers risk management and other financial solutions. Adyen serves as a payment processor, gateway, and acquiring bank.

Without it or a similar service, multinational corporations would have to deal with an inefficient, fragmented platform featuring different processors and acquirers across various regions. The value it provides to its clients is why Adyen has achieved tremendous success. The company routinely records solid revenue and earnings growth. True, the company faced some challenges in recent years, as its margins declined due to its decision to double down on hiring to plan for the future. Revenue growth also decelerated, partly due to increased competition.

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Adyen's performance hasn't been that bad considering all that, and it is even turning the corner in some categories. Through the first six months of the year, the company grew its revenue by 20% year over year to 1.09 billion euros ($1.3 billion), while its EBITDA (earnings before interest, taxes, depreciation, and amortization) margin came in at a strong 50%, compared to 46% in the year-ago period.

Adyen should benefit from significant tailwinds over the next decade, including an increased push in markets where it doesn't have as big a presence -- such as the U.S. Adyen is also aggressively going after large-format retail clients as historically, many (not all) of its clients have been e-commerce players or others that sell digital products -- the list includes Spotify, eBay, Etsy, and Uber Technologies.

Adyen's new focus should provide it with ample fuel for growth. And despite the competition, the company has developed high switching costs and a strong brand name within its niche. Adyen is well positioned to perform strongly over the next decade.