Market Signal Briefing

TL;DR

Bitget Wallet adds native Solana staking through its own self-operated validator.
The feature enables users to earn automatic auto-compounding rewards on SOL.
It simplifies the staking process directly within the wallet’s interface.

Bitget Wallet broadens its product line by adding native Solana staking, giving users access to validator-level rewards, auto-compounding, and full self-custody. The update arrives during a period where many users search for stable onchain yields, and it introduces a self-operated validator that helps maintain security while reducing dependence on external node operators.

The new setup enhances user control. Stakers manage performance, uptime and stake allocation without ceding authority to third parties. Interest in Solana staking remains high, with more than 67% of eligible supply currently locked, reinforcing demand for reliable yield structures.

Validator Launch Drives New Activity Inside Bitget Wallet
The press release confirms that users can stake SOL directly through the Earn section with a minimum of 0.01 SOL. Rewards compound automatically and follow the standard Solana epoch rhythm, distributing every 2–3 days.

The process keeps costs simple. Bitget Wallet charges no extra fee except standard network gas, maintaining a direct and transparent approach for users seeking predictable returns. Support from the platform’s 700-million-dollar protection fund adds an additional safety layer during periods of elevated staking interest.

Bitget Wallet outlines plans to extend its validator framework to more networks, building a unified route for native yield inside one application. The update offers an option for users who prefer steady accumulation and long-term positioning during calmer market phases.

Solana (SOL) Technical, Fundamental, and On-Chain Analysis – November 28, 2025
The current price of Solana (SOL) stands at $142.77 USD, marking a +0.85% increase over the past 24 hours. Its market capitalization is $80.02 billion, with a 24-hour trading volume of $4.08 billion, showing strong market activity and both institutional and retail demand.

Currently, there are 559.4 million SOL tokens in circulation out of a total supply of 614.9 million, consolidating its position as the sixth-largest cryptocurrency by market capitalization.

From a technical perspective, Solana maintains a stable bullish structure after rebounding from the $128 USD support level in mid-November. The current price is trading above the 50-day exponential moving average (EMA) and approaching a key resistance zone near $145 USD. A confirmed breakout above this level could open the path toward $152–$155 USD.

The RSI remains around 43 points, indicating healthy bullish momentum without overbought conditions, while the MACD continues to show positive divergence.

On-chain data confirms Solana’s underlying strength
The daily transaction volume exceeds 50 million transactions, solidifying Solana as one of the most active blockchains in the market. The Total Value Locked (TVL) in Solana-based DeFi protocols has grown by 8% in the past week, driven mainly by increased activity in Marinade Finance, Jito, and Kamino, signaling growing confidence in Solana’s DeFi infrastructure. 

Meanwhile, the average transaction fee remains below $0.0003 USD, giving Solana a strong competitive edge over networks like Ethereum.

TLDR:

Tether ends Uruguay Bitcoin mining due to high energy costs and uncompetitive tariffs.
Thirty employees were dismissed following the closure of Tether’s data centers in Uruguay.
Tether had invested over USD 100M and planned 500M total for mining and energy projects.
Proposed tariff and power agreement adjustments were denied, making operations unviable.

Tether has officially ceased its Bitcoin mining operations in Uruguay, affecting 30 employees. The decision follows rising energy costs and tariff challenges, making the project economically unsustainable. 

Authorities confirmed the closure during a meeting at the National Directorate of Labor (Dinatra). The move ends plans for large-scale investment in data centers and renewable energy projects in Florida and Tacuarembó.

Tether’s Uruguay Exit: Mining Operations Halted
Tether Holdings Ltd. confirmed the cessation of its Uruguay operations to the Ministry of Labor and Social Security (MTSS). Thirty of 38 staff members were dismissed following the closure, according to ministry sources cited by El Observador. 

The decision had been anticipated since September, when high energy costs were identified as a critical factor. The company also highlighted the lack of competitive tariff frameworks that undermined its investment plans.

Since arriving in Uruguay, Tether projected investments of USD 500 million, including three Data Processing Centers requiring 165 MW of power. The project also involved a 300 MW wind and solar generation park. 

Over USD 100 million had already been executed, with another USD 50 million earmarked for infrastructure that would become part of UTE and the National Interconnected System. The company indicated that continuing under current conditions was no longer viable.

Tether had requested adjustments to electricity tariffs since November 2023, proposing a switch from 31.5 kV to 150 kV tolls to reduce operational costs. Changes to the power purchase agreement were also suggested as a potential solution. 

However, authorities did not approve the modifications, prompting the company to end its operations. The company’s exit reflects the broader challenge of balancing crypto mining projects with local energy economics.

Sources indicate that Tether’s closure marks one of the largest digital asset operational setbacks in Uruguay in recent years. The move also impacts the renewable energy plans associated with the mining operation.

 Employees affected were informed during the Dinatra meeting, where termination procedures were formalized. Tether’s withdrawal underscores the ongoing tension between crypto firms and energy cost management.

Economic Implications for Uruguay’s Crypto Industry
The closure raises questions about Uruguay’s competitiveness for large-scale crypto mining projects. High operating costs and rigid tariff structures may deter future foreign investments. 

Tether’s project, intended to strengthen both mining capacity and renewable energy infrastructure, will remain unfinished. The decision leaves significant assets and planned infrastructure under UTE’s ownership, potentially creating opportunities for other investors.

The 165 MW demand projected for the data centers and the associated renewable park would have marked a major increase in Uruguay’s digital asset footprint. Local authorities will now reassess tariff structures to attract future investments. 

Tether’s experience highlights the economic pressures shaping crypto operations in regions with high energy costs. Analysts note that energy efficiency and tariff flexibility remain key for sustaining mining profitability.

The case also illustrates the operational risks for crypto firms attempting large-scale mining in regulated markets. Tether’s exit provides a cautionary example for other firms evaluating 

Latin American energy markets. It highlights the need for alignment between corporate investment strategies and local utility frameworks. Uruguay’s energy policies may need adaptation to remain competitive in attracting digital asset projects.

Dogecoin’s highly anticipated ETF debut has taken an unexpected slow turn. What began as a strong opening for the new GDOG fund quickly faded as inflows collapsed in dramatic fashion. The launch was expected to give Dogecoin a meaningful boost by opening the door for fresh institutional participation. Instead, the opposite has happened, and the Dogecoin ETF has seen its inflows collapse by 80%.

Spot Dogecoin ETF Just Suffered An 80% Crash In Inflows
The launch of Grayscale Investments’ first-ever spot Dogecoin ETF under the ticker GDOG was hailed as a monumental moment, the first time Dogecoin would be accessible to everyday investors through a traditional brokerage. On November 24, 2025, the product went live on the NYSE Arca, converting Grayscale’s existing DOGE trust into a publicly traded ETF.

However, just 48 hours after launch, the excitement appears to have cooled down. Although the first day reportedly pulled in roughly $1.8 million in inflows, the second day saw only about $365,420, a collapse of about 80% in early momentum. This has pushed the cumulative net inflows to around $2.16 million, but this is a modest figure for what many expected would be a major catalyst for Dogecoin.

Expectations for GDOG were high. Observers pointed to prior early inflow successes with crypto ETFs, notably those for Bitcoin, Ethereum, and more recently Solana, which collectively helped push capital inflows at a large scale.  To put this into comparison, Spot Solana ETFs, which first went live on October 18, raked in $117.39 million in inflows in the first two days of trading. The recently launched Spot XRP ETFs also saw inflows of $243.05 million on their first day of trading.

 According to data from SoSoValue, Dogecoin ETF trading volume for the first day was just $1.41 million, far below many projections. The momentum faded even faster on day two, with volume falling by roughly 78% to $397,620.

What It Means for DOGE And The Meme-Coin Space
The soft start of GDOG raises questions about whether meme coins like DOGE can truly thrive under traditional financial frameworks. On one hand, the ETF listing is a milestone: a token born as a joke is now trading alongside traditional assets on major exchanges. On the other, the weak capital flows hint at limits to demand among institutional investors. 

However, it is still too early to conclude. The long-term relevance of DOGE ETFs can only be judged once the market has had time to digest these new products. A successful DOGE ETF could open the door to other meme-coin funds (some suggest even an ETF for Shiba Inu may follow).

In addition to Grayscale, other asset managers have Spot Dogecoin ETFs lined up and ready to hit the market. Bitwise launched its Dogecoin ETF on Wednesday following Grayscale’s debut, but early inflow numbers are yet to come in. The asset manager noted they weren’t expecting to launch this product but are only doing so because the DOGE community requested it.

DOGE price continues to struggle amid slowdown | Source: DOGEUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com

According to reports, the government of Bhutan moved 320 Ethereum (ETH) into staking on November 27, 2025. The transaction was routed through Figment.io, an institutional staking provider.

At the time of the move, the Ether was valued at about $970,000. The transfer is being watched in both crypto and policy circles because it links a sovereign treasury to active participation in a public blockchain.

Details Of The Staking Move
Onchain Lens say the 320 ETH created 10 new validators, matching the network rule that each validator requires 32 ETH. The payment and validator setup were recorded onchain and were visible to blockchain trackers shortly after the move.

This is Bhutan’s largest ETH action since May 2025, when the nation moved 570 ETH to a Binance wallet, based on earlier disclosures.

The Royal Government of Bhutan sent 320 $ETH, worth $920.8K, for staking into #ETH2.0 @Figment_io.https://t.co/q4dW3qJBT5 pic.twitter.com/qo0evHxthf

— Onchain Lens (@OnchainLens) November 27, 2025

Beyond Treasury Management
Observers note Bhutan is not only holding crypto as an asset. By staking ETH, the country is helping to secure the Ethereum network and earning rewards that come from validator participation.

Reports have disclosed the move also ties into national plans to shift parts of its digital identity project from Polygon to Ethereum. That plan would make the chain more than a place to park funds; it could become part of public infrastructure.

What It Means For Bhutan
Bhutan is already known to hold a sizeable amount of Bitcoin. Public data and media reporting put the country’s Bitcoin reserves at about 6,154 BTC, making Bitcoin the primary reserve asset.

Staking ETH, even at a smaller scale compared with those holdings, signals that Bhutan is experimenting with using crypto not just for investment but as a tool for state services and network involvement. The action was described by some analysts as an example of a small state testing new financial and technical models.

Total crypto market cap currently at $3,059. Chart: TradingView
On Liquidity And Rewards
When ETH is staked it becomes illiquid for a period tied to network rules. That means the staked tokens cannot be used for immediate spending or trading. At the same time, validators earn rewards that may add modest income to a state treasury.

The trade-offs are clear: more participation in protocol security, less short-term flexibility in asset use. Several commentators asked whether sovereign staking will affect how other small nations treat crypto reserves.

Broader Crypto Context
On the world stage the amount is modest, but the move is symbolic. Sovereign actors rarely operate validators on major smart-contract chains. This step was noticed because it ties public services and reserve management to one blockchain.

Regulators, market watchers, and blockchain developers have been monitoring the transaction and related policy moves to see whether similar steps might follow elsewhere.

Featured image from Unsplash, chart from TradingView

TL;DR

BitMine adds 14,618 ETH, now holding 3% of the entire Ethereum supply.
The company aims to eventually control 5% of all ETH in circulation.
BitMine’s stock rose 9% on the news but is down 37% for the month.

BitMine Immersion Technologies increases its Ethereum treasury again, adding 14,618 ETH valued at more than 44 million dollars. Led by Tom Lee, the company pushes forward with a plan to control 5% of all ETH, a target rarely pursued in the corporate space.

BitMine now holds 3.63 million ETH, equal to 3% of the entire supply. At an ETH price near $3,027, the treasury reaches an estimated $10.39 billion, placing BitMine among the largest corporate holders worldwide.

Corporate buying of ETH continues to rise. Data shows combined corporate holdings near $24.97 billion, equal to 5.01% of all ETH, showing strong interest in staking, yields and tokenized asset activity.

BitMine Adds 14,618 ETH While Market Liquidity Remains Weak
Data from Arkham Intelligence confirms that BitMine executed the purchase on November 28. The addition aligns with a broader plan to accumulate nearly 6 million ETH over time.

Source: Arkham Intelligence
Despite the purchase, ETH stays near $3,030. Heavy ETF outflows and thin liquidity hold back any upward reaction. Even aggressive buying fails to create momentum in the current environment.

Broader market pressure also limits volatility, keeping ETH near the same trading range for days.

BitMine Stock Rises 9%, Yet Remains Under Monthly Pressure
Shares of BitMine (BMNR) react strongly to the news. The price climbs 9% to roughly $31.74, outpacing ETH during the same period.

Monthly performance tells another story. BMNR falls about 37% in the past thirty days due to its close link with broader crypto market behavior. With crypto down nearly 22%, BitMine stock absorbs similar selling pressure.

BitMine maintains its approach: increase long-term ETH exposure during weak market phases and continue building a large treasury position in preparation for stronger liquidity and higher institutional demand.

Ethereum (ETH) Technical Analysis – November 28, 2025
As of November 28, 2025, the price of Ethereum (ETH) stands at approximately $3,057.96 USD, showing a +2.01% increase over the past 24 hours, with a daily trading range between $2,995 and $3,065 USD. The market capitalization is valued at $369 billion, with a 24-hour trading volume of $16.1 billion, reflecting strong market activity and sustained buying pressure.

From a technical standpoint, Ethereum remains in a moderately bullish trend, trading above the 50-day moving average near $2,880 USD and maintaining strong support around $2,950 USD. The next short-term bullish target lies at $3,150 USD, a level that coincides with a key resistance area observed in previous sessions. A breakout above this zone could open the path toward $3,350 USD, where the October local high and the 200-day moving average intersect.

Conversely, if ETH loses support below $2,950 USD, a correction toward $2,780 USD could occur — a region where historical buying pressure has reappeared multiple times.

On November 28, 2025, MemeCore, a notable player in the cryptocurrency market, experienced a significant downturn as its token price dropped by a staggering 30%. This steep decline has attracted a wave of short sellers, fueling an influx of $11.1 million into derivatives designed to profit from falling prices.

Bitcoin's (CRYPTO: BTC) so-called four-year cycle is cracking apart, with new analysis claiming the narrative survives on bad stats and cherry-picked charts.

New Research Challenges Halving-Linked Cycle ClaimsAnalysts argue that the halving has always been known in advance, meaning markets continuously discount it rather than react cyclically. 

The notion that BTC resets every four years ignores how investors price information into markets daily, not at multi-year intervals.

The critique highlights that BTC's entire history contains only four such "cycles," offering far too little data to confirm a repeating pattern. 

Treating four observations as a robust statistical sample creates the illusion of a reliable framework where none exists.

Multiple Testing And Survivorship Bias Undermine Cycle TheoryA key flaw is the multiple testing problem. 

With enough backtesting across thousands of potential timeframes, some periods will appear statistically significant by chance. 

Analysts note that many cycle proponents unintentionally cherry-pick the periods that look cyclical while discarding the rest, creating a false sense of predictability.

Survivorship bias adds to the issue as popular models such as PlanB's Stock-to-Flow gained prominence when price happened to align with their forecasts, only to fail in later periods. 

As those models break, new ones emerge, giving the illusion that the cycle persists even as predictions repeatedly shift.

Non-Stationarity Limits Predictive Power In A Changing MarketCritics also point to non-stationarity — the idea that the statistical behavior of BTC changes over time. 

Liquidity, derivatives structure, institutional participation, regulatory landscape, and miner economics have all evolved dramatically since 2009. 

A pattern observed during Bitcoin's early low-liquidity era is unlikely to apply to its current market structure.

As market regimes shift, any model built on outdated parameters rapidly loses predictive power. This makes the four-year cycle particularly vulnerable to structural change.

Curve Fitting And Non-Falsifiability Erode Model CredibilityMost visual cycle charts rely on curve fitting as analysts can adjust log scales, trendline angles, smoothing functions, and starting points to make nearly any upward-drifting asset appear cyclical. 

When price deviates, the cycle is often "re-drawn" rather than abandoned, making the hypothesis non-falsifiable.

Chicago-based attorney and Bitcoin advocate Joe Carlasare summarized the sentiment in a recent X post, urging traders to "free your mind" of four-year narratives and focus instead on actual price structure and liquidity dynamics.

Bitcoin Technical Picture: Buyers Defend Key Fib Support

Bitcoin Technical Analysis (Source: TradingView)

BTC is attempting to stabilize after defending support at the $86,700 area, which aligns with the 0.382 Fibonacci retracement of the prior rally. 

Buyers have pushed price back above $91,500, although the rebound remains corrective while BTC trades below the 20-day and 50-day EMAs at $93,200 and $100,500.

The broader structure remains capped by the descending channel that has rejected every rally since the $124,000 peak. 

A break above the $93,800 to $97,000 resistance band is needed to confirm momentum rotation. 

Failure to reclaim the 0.5 and 0.618 retracement levels keeps downside targets open toward $86,700 and $81,900.

Short-term indicators show improving momentum, but traders view the move as relief until BTC closes decisively above the EMA cluster near $100,500.

Read Next:

Dogecoin Still Trapped In ‘Third-Wave’ Deadlock? Meanwhile, Popular Analyst Sees This Level As ‘Main Resistance’
Image: Shutterstock

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TL;DR

Bybit integrates USDT0 on Mantle Network and enables zero-fee withdrawals, boosting omnichain liquidity.
Mantle strengthens its role as a leading exchange-connected Layer 2, improving capital efficiency across chains.
The alliance between Bybit, Mantle and USDT0 reinforces a unified cross-chain standard that supports the expansion of multichain stablecoin infrastructure.

Bybit expands its omnichain strategy through the integration of USDT0 within Mantle Network, enhancing cross-chain stablecoin flows and reinforcing a liquidity model aimed at wider operational efficiency. The collaboration simplifies transfers, reduces costs and supports a more unified approach to moving USDT across multiple environments.  

Unified USDT0 Liquidity Expansion
USDT0 functions as a unified liquidity layer that replaces fragmented wrapped versions of USDT across networks. The system relies on a mint-and-burn mechanism built on LayerZero’s OFT standard, keeping one-to-one backing while enabling direct transfers that do not require intermediary bridges.

Bybit notes that this structure reduces friction between chains and consolidates liquidity into a single, streamlined flow. With Mantle integrating this model, the network strengthens its role as an exchange-linked L2, helping capital move efficiently between native applications and Bybit markets. This setup supports traders who depend on predictable settlement pathways and reduces operational complexity for teams deploying capital across multiple chains.

Omnichain Infrastructure Gains Momentum
Bybit offers zero-fee withdrawals to Mantle for a limited period to encourage early USDT0 usage. The company states that the interoperability built between USDT0, Mantle and Bybit creates a more direct operational channel for traders, market makers and institutional participants managing large stablecoin volumes.

Mantle highlights that this early coordination enhances the relevance of its onchain liquidity ecosystem for settlement, trading and capital deployment in applications requiring low costs and fast confirmations. USDT0 adds that the tri-party collaboration supports a more intuitive multichain standard for both individual and enterprise users. This dynamic reinforces the evolution of stablecoin infrastructure as developers seek unified paths to execute transactions without fragmenting liquidity or relying on outdated bridging systems.

The integration aligns with a broader shift toward infrastructure capable of handling institutional-grade asset movement, offering stronger security and scalability. The combination of network, exchange and issuer establishes a centralized liquidity hub that supports efficient transfers, trading and portfolio management.

The joint initiative by Bybit and Mantle to scale USDT0 liquidity strengthens the omnichain model and accelerates adoption of a more coherent operational standard for moving stablecoins across global markets.

The proposal is framed as a coordinated step into 2026 for ecosystem expansion and competitiveness.

Photo: Michael Förtsch

Key Takeaways

Cardano proposes allocating 70 million ADA from its Treasury to support key ecosystem infrastructure by 2026.
The initiative targets core integrations such as stablecoins, institutional custody, cross-chain bridges, and analytics to strengthen Cardano’s DeFi and real-world asset capabilities.

A coalition of key Cardano organizations has jointly submitted a budget proposal seeking 70 million ADA from the Treasury to fund critical integrations considered vital to the network’s 2026 growth plan.

The collaborative effort is led by Input | Output, EMURGO, the Cardano Foundation, Intersect, and the Midnight Foundation.

First joint proposal from the Cardano Pentad -> Intersect, IOG, Emurgo, Cardano Foundation, and Midnight Foundation: https://t.co/sfRuFGpDt2

— Charles Hoskinson (@IOHK_Charles) November 27, 2025

The budget is designed to support five key pillars: onboarding tier-one stablecoins, institutional custody and wallets, advanced on-chain analytics, cross-chain bridges, and globally recognized pricing oracles.

These integrations are intended to serve as Cardano’s missing foundational utilities, providing the infrastructure needed for broader DeFi, real-world assets, and institutional participation.

Approval by the Delegated Representatives and the Constitutional Committee is required before funds can be allocated, as noted in the release.

The core entities have advanced negotiations with multiple tier-one integration partners in recent months. Intersect’s role as administrator is supported and endorsed by its governing board.

The proposal follows a temporary chain partition on the Cardano blockchain caused by a crafted, malformed delegation transaction, according to Intersect. The issue originated from a cryptographic library bug identified in 2022 on the Preview testnet, which led the network to split into two chains.

Disclaimer

Shiba Inu holds above a crucial support zone, with analysts eyeing major resistance levels that could trigger a strong multi-year bullish uptrend.

Newton Gitonga2 min read

28 November 2025, 02:23 PM

Image: ShutterstockShiba Inu has shown renewed bullish momentum as it trades above a critical support zone, signaling potential for a strong upward move. Analysts highlight the token’s recovery from recent lows, noting sustained user interest despite subdued price trends. Financial expert Kamile Uray emphasized that the cryptocurrency could enter an impulsive uptrend if key resistance levels are reclaimed. The second-largest meme coin by market capitalization is attracting attention from patient holders eyeing long-term gains.

Support Levels Signal Potential UpsideAccording to Uray, Shiba Inu recovered from a recent low of $0.00000756, reaching $0.00000892 before consolidating around that area. She identified the $0.00000752 to $0.00000675 zone as a crucial support range, historically responsible for sparking significant rallies. 

Source: X

Uray noted that similar price behavior occurred in 2021 when the token bounced from this area to reach its all-time high of $0.00008854. A comparable movement also happened in September 2023, with SHIB rallying to a peak of $0.00004567 in March 2024.

Uray stressed that holding above this demand zone is essential for any bullish momentum. "Currently, Shiba Inu trades at $0.00000871, comfortably above this crucial support," she explained. The economist highlighted that maintaining this level could act as a springboard for further gains, reflecting the asset's potential to regain traction among long-term investors.

Bullish Targets and Price ProjectionsUray identified key resistance levels that Shiba Inu could aim for in the coming weeks. She indicated that reclaiming $0.00001134, a 30% increase from the current price, would open the path to $0.00001772. A daily close above $0.00001772, representing a 103% rise, could confirm a strong bullish outlook and pave the way for further impulsive moves.

The analyst also noted that higher resistance targets exist, including $0.00003310, $0.00004605, and $0.000088. Achieving these levels would reward early buyers significantly, representing potential gains of 280%, 428%, and 910%, respectively. Uray emphasized that strategic entries near the identified support could position investors for substantial returns if SHIB sustains its momentum.

While the token has not yet replicated its previous bullish cycle entirely, Uray remains optimistic. She pointed out that many holders missed profit-taking opportunities during the 2021 bull run, and the ongoing four-year bear market eroded most gains. Nevertheless, she suggests that patient investors could benefit from upcoming market dynamics, as Shiba Inu demonstrates resilience and potential for long-term growth.

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Newton Gitonga

Newton Gitonga covers cryptocurrencies, blockchain, and digital finance. He specializes in breaking down complex trends with clear, data-driven reporting. His work focuses on market analysis, technical insights, and the evolving role of altcoins in shaping global markets.

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Latest Shiba Inu News Today (SHIB)

Investors breathe easier as BlackRock's ETF flips profitable – Bitcoin price prediction now hints the selling phase may finally be ending.

Fri, 28/11/2025 - 14:38

Shiba Inu quietly rallied 14%, nearing its ambition of erasing a zero from its price tag, with expectations now rising for a December rally.

Cover image via U.Today

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

Shiba Inu edged higher on Friday, reaching a high of $0.0000091, bringing it closer to an ambition of returning to $0.00001 and, hence, erasing a zero from its price tag.

Shiba Inu has quietly rallied from a low of $0.00000756 on Nov. 22, marking four out of five days in the green.

So far, Shiba Inu is down 11.58% in November and on track to mark its fourth consecutive red month since July 2025.

HOT Stories

The year 2025 has marked lackluster action for the SHIB price as it steadily declined upon reaching a high of $0.00003324 in December 2024. Shiba Inu only closed in the green in just two months this year, in April and July, when it recorded gains of 6.87% and 9.02%, respectively.

Shiba Inu December rally?Technical and historical narratives suggest that Shiba Inu saw a sudden sharp rally after a prolonged period of decline, March 2024 for instance, when SHIB rallied 144%.

SHIB/USD Monthly Chart, Courtesy: TradingViewWith Shiba Inu eying its third consecutive red month in Q4, expectations remain for a relief rally in the year 2025's last month. Shiba Inu would need to rise about 65% from current prices in order to achieve a positive 2025 close.

The Shiba Inu price closed its first red October since its inception, flipping a timeless historical narrative. While Shiba Inu has mostly had red Decembers with the exception of December 2023, the historical narrative flip might support a green December this time.

Eyes will be on what December brings for Shiba Inu, with U.S. perpetual style futures to be launched by Coinbase as well as 24/7 trading for its monthly futures.

Shiba Inu makes AI advancementThe Shiba Inu mini-app has just launched on TokenPlay AI. Shiba Inu partner TokenPlay AI made this known in a recent tweet, revealing excitement and adding that the "internet is not ready for what comes next."

TokenPlay AI says the move represents SHIB plugged directly into AI infrastructure, running on the Token OS that turns any token into an intelligent, monetizable mini-app.

The move, it says, brings on "Real utility, real activation and real on-chain engagement."

At press time, SHIB was 4.67% in the last 24 hours to $0.00008831 and up 13.29% weekly.

Related articles

Institutional investment and economic uncertainty drive Bitcoin's continued rally amid changing market dynamics.

Key Takeaways

Bitcoin moved past $92,000 today, inching closer to another milestone as its rally continues.
Institutional inflows via ETFs are contributing to positive market sentiment.

Bitcoin reached as high as $92,900 today, bringing it just shy of the $93,000 mark as its steady advance continues.

The digital asset has experienced high volatility throughout 2025, with market participants closely watching institutional developments and macroeconomic factors that could influence price movements.

Recent discussion has highlighted renewed institutional inflows through ETFs as a potential factor supporting Bitcoin’s momentum. The asset’s supply dynamics and economic conditions have generated bullish sentiment among some market observers in anticipation of continued gains.

Bitcoin operates as a decentralized cryptocurrency enabling peer-to-peer transactions on a blockchain network, with many investors viewing it as a store of value during periods of economic uncertainty.

Disclaimer

18 minutes ago

Uzbekistan will reportedly roll out stablecoins as an official payment method from Jan. 1, 2026, under a new regulatory sandbox that also enables tokenized securities trading.

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Uzbekistan is moving to bring stablecoins into its formal payment system, starting with a tightly controlled development sandbox, according to local media.

According to a Friday report by local news outlet Kun, Uzbekistan’s new stablecoin regulatory framework will come into force on Jan. 1, 2026. The new law, signed on Nov. 27, establishes a regulatory sandbox under the purview of the National Agency for Perspective Projects, together with the central bank.

Pilot projects are expected to be implemented to develop a stablecoin-based payment system operating on distributed ledger technology. Starting next year, Uzbekistan-based entities will reportedly be allowed to issue tokenized shares and bonds, and a separate trading platform will be created on licensed stock exchanges for those new assets.

The news follows Uzbekistan’s central bank Chairman Timur Ishmetov announcing in September that studies on digital currencies are underway. At the time, he said crypto activities “should be done under strict control, as it will have a serious impact on monetary policy.”

CBDCs also on the tableIshmetov also mentioned central bank digital currencies (CBDCs), but not in their retail form. He explained that “such a currency would not be used in people’s daily lives, but mainly to speed up settlements between commercial or central banks.

Kashkadarya Regional branch of the Central Bank of Uzbekistan. Source: WikimediaUzbekistan’s National Agency for Prospective Projects issued a directive in late March 2024 to increase monthly fees for crypto market participants in the country. Under the new system, crypto exchanges face a monthly fee equivalent to $20,015 — about double the previous fee.

Central Asia not left being left behindAs much of the world develops crypto regulatory frameworks, Central Asia has also progressed. In late October, Kyrgyzstan rolled out a new stablecoin pegged 1:1 to the Kyrgyzstani som, while confirming plans to issue a central bank digital currency and explore a digital asset reserve.

Still, Kazakhstan clearly leads the pack. According to October reports, Kazakhstan’s Financial Monitoring Agency took down 130 crypto platforms involved in money laundering schemes this year. Earlier that month, the country also continued implementing its dual-track approach to digital assets, piloting a CBDC while also backing a state-linked stablecoin.

This followed the launch of the Kazakhstan central bank’s stablecoin pilot project in late September. Also in September, the country established a state-backed crypto reserve in partnership with Binance, holding BNB (BNB).

Magazine: Koreans ‘pump’ alts after Upbit hack, China BTC mining surge: Asia Express

Summary:

Bitcoin dropped from $125,000 in early October to just above $80,000 in mid-November, setting off a bear market.
Reclaiming the psychological $90,000 support signals a rebound, raising hope of returning to $100k.
ETF activity signals a return of buyer appetite,
Bitcoin has had a good week. It’s up over 6%, jumping from under $80,000 to around $91,730 as of this writing. After dropping for six weeks from early October highs of over $111,000 many people are wondering if this move means a real trend reversal or just a short-term relief rally. Recent data and technical signals point to the first one being more likely.

Fundamental Tailwinds Return
The resurgence happened at the same time as renewed interest from institutions. Spot Bitcoin ETFs recorded their first meaningful weekly inflows in over a month, adding more than $500 million. Tom Lee of Fundstrat said on CNBC that he was still optimistic, even if he lowered his year-end target from $250,000 to $150,000. He mentioned that long-term holders are steadily buying, according to Glassnode. Also, on-chain data shows that short-term holders have mostly stopped selling, which usually means a lasting recovery is coming.

One of the most significant external factors supporting Bitcoin price rebound is the shifting narrative around monetary policy. Data from the CME FedWatch Tool has shown a sharp increase in the probability of a Federal Reserve interest rate cut in December. Lower interest rates typically boost appetite for high-growth, “risk-on” assets, including cryptocurrencies

All things considered, including improving fundamentals, exhausted selling pressure, and a clear technical reversal pattern leans toward this week’s advance being the start of a new impulsive phase rather than a bear-market bounce. If Bitcoin price closes above $92,000 soon, that’s a good sign. For now, it seems smart to invest a bit, especially if you missed buying when it was below $85,000.

The most immediate challenge for Bitcoin bulls is to transform the rebound into a consolidation phase above key resistance levels. A sustainable move requires more than just short-covering; it needs renewed, strong institutional and retail buying volume.

Bitcoin Price Prediction
Bitcoin is back near the Volume Weighted Moving Average ($91,819) on the daily chart and the stochastic indicator signals control by the buyers. The coin will likely meet the first resistance at the psychological $93,000. Above that level, an extended control by the pulls could push the action higher to test $95,555.

The sellers will likely take control if the price breaks below $90,475. That could see the next support come at $88,280. The upside narrative will be invalid below that level and an extended control by the sellers could send BTC price lower to test $84,000.

BTC/USD daily chart with key support and resistance levels. Created on: TradingView

What is the main debate surrounding Bitcoin’s recent strong rebound?

The debate centers on whether the rebound is the start of a sustained trend reversal or merely a relief rally within an ongoing bearish correction. Volatility and the severity of the prior decline make this distinction critical for investors.

What is the most crucial short-term resistance level BTC needs to overcome to keep rising?

Bitcoin needs to get past the $92,000 mark soon. If it can clearly go above that, it could change the market’s direction and head towards that $100,000 goal.

Should I invest in Bitcoin after this week’s rise?

If Bitcoin stays above $88,000, investing now could be a good move. If it closes above $92,000, that would confirm it’s going up, making $100,000 possible.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CLSK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Key Takeaways Four value stocks with low P/CF ratios were highlighted following a Thanksgiving market surge.GLDD, STNE, PCG, and ENS all show year-over-year sales and EPS growth projections.Each stock holds a Value Score of A or B and ranks in the top two Zacks Ranks.
The major U.S. indices steadily rose the day before Thanksgiving. The Dow Jones Industrial Average gained 314.67 points, closing at 47,427.12, while the S&P 500 increased by 46.73 points to settle at 6,812.61. The Nasdaq Composite outperformed both with a gain of 0.82%, finishing at 23,214.69.

This momentum was boosted by a noticeable shift in expectations about Federal Reserve policy. Growing confidence that policymakers might cut interest rates as soon as next month brought optimism. Meanwhile, concerns about an overvalued artificial intelligence sector began to ease, reducing some of the pressure on market sentiment.

Value stocks present an appealing opportunity against this backdrop. This is because lower borrowing costs tend to benefit companies with stable earnings and discounted valuations.

When evaluating value stocks, one of the most effective valuation metrics is the Price to Cash Flow (P/CF) ratio. This metric measures the market price of a stock relative to the cash flow the company generates on a per-share basis. A lower P/CF ratio indicates that the stock is trading at a better value, offering strong cash generation potential relative to its price. Here are four companies — Great Lakes Dredge & Dock Corporation (GLDD - Free Report) , StoneCo Ltd. (STNE - Free Report) , PG&E Corporation (PCG - Free Report) and EnerSys (ENS - Free Report) — that boast a low P/CF ratio.

Price to Cash Flow Reveals Financial HealthQuestions may arise as to why we are considering the P/CF valuation metric when the most widely used metric is Price/Earnings (or P/E). Well, what makes P/CF stand out is that operating cash flow adds back non-cash charges such as depreciation and amortization to net income, reflecting a company's financial health.

Analysts caution that a company’s earnings are subject to accounting estimates and management manipulation. However, cash flow is reliable. It is net cash flow that reveals how much money a company is actually generating and how effectively management is putting the same to use.

A positive cash flow indicates an increase in the company’s liquid assets. This gives the company the means to settle debt, shell out for its expenses, reinvest in its business, endure downturns and finally pay back its shareholders. Then again, a negative cash flow implies a decline in the company’s liquidity, which lowers its flexibility to support these moves.

What’s the Best Value Investing Strategy?An investment decision solely based on the P/CF metric may not fetch the desired results. To identify stocks that are trading at a discount, you should expand your search criteria and also consider the price-to-book ratio, price-to-earnings ratio and price-to-sales ratio. Adding a favorable Zacks Rank and a Value Score of A or B to your search criteria should lead to even better results as these eliminate the chance of falling into a value trap.

Here are the parameters for selecting true-value stocks:

P/CF less than or equal to X-Industry Median.

Price greater than or equal to 5: The stocks must all be trading at a minimum of $5 or higher.

Average 20-Day Volume greater than 100,000: A substantial trading volume ensures that the stock is easily tradable.

P/E using (F1) less than or equal to X-Industry Median: This parameter shortlists stocks that are trading at a discount or are equal to their peers.

P/B less than or equal to X-Industry Median: A lower P/B compared with the industry average implies that there is enough room for the stock to gain.

P/S less than or equal to X-Industry Median: The P/S ratio determines how a stock price compares to the company’s sales — the lower the ratio, the more attractive the stock is.

PEG less than 1: The ratio is used to determine a stock's value by taking the company's earnings growth into account. The PEG ratio portrays a more complete picture than the P/E ratio. A value of less than 1 indicates that the stock is undervalued and that investors need to pay less for a stock that has robust earnings growth prospects.

Zacks Rank less than or equal to 2: Zacks Rank #1 (Strong Buy) or 2 (Buy) stocks are known to outperform irrespective of the market environment.

Value Score of less than or equal to B: Our research shows that stocks with a Style Score of A or B, when combined with a Zacks Rank #1 or 2, offer the best upside potential.

Here are four of the 14 value stocks that qualified the screening:

Great Lakes Dredge & Dock, the largest provider of dredging services in the United States, sports a Zacks Rank #1. The company has a trailing four-quarter earnings surprise of 65.5%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for Great Lakes Dredge & Dock’s current financial-year sales and EPS indicates growth of 11.6% and 31%, respectively, from the year-ago period. GLDD has a Value Score of A. Shares of GLDD have risen 0.2% in the past year.

Stone, a leading provider of financial technology and software solutions, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 9.1%, on average.

The Zacks Consensus Estimate for Stone’s current financial-year sales and EPS calls for growth of 12.7% and 27.4%, respectively, from the year-ago period. STNE has a Value Score of A. Shares of STNE have rallied 68% in the past year.

PG&E Corporation, an energy holding company that owns Pacific Gas and Electric Company, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 0.5%, on average.

The Zacks Consensus Estimate for PG&E Corporation’s current financial-year sales and EPS suggests growth of 6.7% and 10.3%, respectively, from the year-ago period. PCG has a Value Score of A. Shares of PCG have declined 26% in the past year.

EnerSys, a global leader in stored energy solutions, carries a Zacks Rank #2. The company has a trailing four-quarter earnings surprise of 4.9%, on average.

The Zacks Consensus Estimate for EnerSys’ current financial-year sales and EPS implies growth of 4% and 1.3%, respectively, from the year-ago period. ENS has a Value Score of B. Shares of ENS have surged 47.8% in the past year.

You can get the rest of the stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and backtest them first before taking the investment plunge.

The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out.

Click here to sign up for a free trial to the Research Wizard today.

Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. Disclosure: Performance information for Zacks’ portfolios and strategies is available at: https://www.zacks.com/performance.

Toronto, Ontario – November 28, 2025 – TheNewswire – Hybrid Power Solutions Inc. (CSE: HPSS) (OTC: HPSIF) (FSE: E092) ("Hybrid" or the "Company"), a Canadian innovator in fuel-free clean power solutions, is pleased to announce a stocking order from Dragonfly Energy Holdings Corp. (NASDAQ: DFLI) (“Dragonfly”), an industry leader in energy storage. Through this order, Hybrid will manufacture and supply fully assembled portable power units under Dragonfly Energy's popular Battle Born® brand. This order builds on Hybrid's growing momentum in the clean energy sector, particularly in high-demand applications such as remote operations, emergency response, and sustainable infrastructure projects. Our portable power systems - known for their rugged durability, rapid deployment, and zero-emission performance - are increasingly adopted across industries seeking reliable alternatives to diesel generators.

Key Takeaways Nebius aims for 2.5 GW of contracted AI power by 2026, boosting its infrastructure footprint.Nebius booked $3B and $17.4-$19.4B hyperscale deals with Meta and Microsoft.Alphabet cloud revenues grew 33.5% YoY, leveraging Gemini AI and custom GPU hardware.
The AI revolution is creating a new investment battleground, not in flashy apps or models, but in the infrastructure that powers them. Compute capacity, GPU clusters and hyperscale cloud platforms have become the real engines of AI growth. In this fast-shifting landscape, two companies are drawing investor attention for very different reasons: Nebius Group N.V. (NBIS - Free Report) , a high-velocity pure play building AI-first infrastructure from the ground up, and Alphabet Inc. (GOOGL - Free Report) , a global tech giant leveraging its scale and proprietary chips to dominate the next wave of cloud AI.

According to an IDC report, spending on AI infrastructure is expected to top $758 billion by 2029. This uptrend in spending benefits both Google and Nebius, but not equally. They differ sharply in scale and growth trajectory. So, for investors looking to make a smart move in the AI infrastructure space, which stock truly stands out?

Let’s analyze their fundamentals, growth opportunities, market challenges and valuation to assess which one presents a stronger investment opportunity.

The Case for NBISNebius is operating in a supply-constrained AI-infrastructure market where demand for GPU capacity far exceeds available power and data-center readiness. Nebius is rapidly expanding its infrastructure to meet surging demand, targeting 2.5 gigawatts of contracted power by 2026, up from 1 gigawatt projected earlier, with 800 megawatts to 1 gigawatt of fully connected capacity expected by the end of next year. On the last earnings call, the company stated that it secured two major hyperscale contracts: a $3 billion, five-year deal with Meta and a $17.4–$19.4 billion agreement with Microsoft.

Also, the company is enhancing its enterprise offerings through the launch of its Aether 3.0 cloud platform and Nebius Token Factory, an inference solution for running open-source models at scale.  In 2026, Nebius plans to continue expanding its existing data centers in the U.K., Israel and New Jersey, while bringing new facilities in the United States and Europe online during the first half of the year. The company is also securing several new large sites, each capable of delivering hundreds of megawatts, with some scheduled to go live before the end of 2026. Nebius is targeting $7–$9 billion in ARR for 2026 and is firmly on track to deliver $900 million to $1.1 billion by year-end 2025.

However, NBIS is grappling with macroeconomic uncertainty, rising operating costs and heavy capital requirements. SG&A expenses surged 87% year over year in the third quarter of 2025, and the company raised its 2025 capex outlook from roughly $2 billion to about $5 billion. Such elevated spending poses a risk if revenue growth fails to keep pace, particularly as AI demand may fluctuate under competitive pricing pressure and shifting regulatory conditions.

Management has also pointed to structural challenges, including difficulty securing adequate power, persistent supply-chain constraints and physical limitations that slow data-center construction. Also, the company has tightened full-year revenue guidance to $500–$550 million, expecting results to land near the midpoint due to timing delays in bringing capacity online. While adjusted EBITDA is expected to turn slightly positive at the group level by year-end 2025, it will remain negative for the full year. Moreover, scaling aggressively (multiple data centers in various regions) involves execution risk.

The Case for GOOGLAlphabet has repositioned itself as a top-tier AI-infrastructure provider by leaning heavily into custom hardware, cloud-scale data centers and enterprise cloud services. Alphabet has been growing rapidly in the booming cloud-computing market. In third-quarter 2025, Google Cloud revenues increased 33.5% year over year. Google’s growing investments in infrastructure, security, data management, analytics and AI are positive.

Its strategic partnerships and acquisitions, and growing number of data centers, are helping Google to expand its cloud footprint worldwide. Alphabet is benefiting from its partnership with NVIDIA in cloud. Google Cloud was the first cloud provider to offer NVIDIA’s B200 and GB200 Blackwell GPUs and will be offering its next-generation Vera Rubin GPUs. Introduction of 2.5 flash, Imagen 3 and Veo 2 are noteworthy developments.

A deepening focus on Generative AI technology is a major positive for Alphabet. The company is cashing in on the increasing demand for Large Language Models with its most powerful AI model called Gemini. GOOGL is leveraging AI to boost search dominance with the launch of Gemini 2.5. Search revenues are driven by improving engagement with features like AI Overview. Circle to Search is driving additional Search and is gaining popularity among younger users.

Alphabet’s initiatives to deploy AI and infuse AI in Search are driving segment growth. GOOGL’s initiatives, like Mobile Friendly algorithm change, product listings, flight search, Google Now and the AI infusion, are expected to help drive Alphabet’s advertising revenues.

However, heavy capex spend could strain margins if AI returns do not materialize. For 2025, Alphabet now expects to spend capital expenditures between $91 billion and $93 billion, up from the previous estimate of $85 billion. The company expects capital expenditure to increase significantly in 2026. Moreover, stiff competition from Azure and AWS is concerning.

NBIS & GOOGL’s Price PerformanceNBIS shares have plunged 24.3%, while GOOGL stock has soared 16.6% over the past month.

Image Source: Zacks Investment Research

Valuation for GOOGL & NBISValuation-wise, Alphabet seems undervalued while Nebius seems overvalued, as suggested by the Value Score of B and the Value Score of F, respectively.

Image Source: Zacks Investment Research

In terms of Price/Sales, NBIS shares are trading at 65.15, lower than GOOGL’s 10.13.

How Do Zacks Estimates Compare for NBIS & GOOGL?Analysts have significantly revised their earnings estimates downward for NBIS’ bottom line for the current year.

Image Source: Zacks Investment Research

For GOOGL, there is a significant upward revision.

Image Source: Zacks Investment Research

NBIS or GOOGL: Which is a Better Pick?NBIS carries a Zacks Rank #4 (Sell) at present, while GOOGL has a Zacks Rank #3 (Hold). Consequently, in terms of Zacks Rank, GOOGL seems to be a better pick at the moment.

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

The evolution of artificial intelligence (AI) is tied to physical infrastructure. Every breakthrough in AI models, training speeds, and inference workloads requires massive amounts of power, cooling, and compute capacity.

Eastman Kodak Company (KODK - Free Report) is showing clear signs of a business and balance sheet turnaround in 2025. The company points to a mix of margin expansion, segment-level growth opportunities and a pending pension reversion event that will significantly reduce leverage. Together, these factors suggest that KODK could offer meaningful upside for investors interested in companies undergoing operational recovery.

KODK Stock Price PerformanceShares of Kodak have outperformed the industry in the past six months. The company’s stock has gained 29% compared with the industry’s 23.6% growth.

Image Source: Zacks Investment Research

Profitability Is Rising Sharply Alongside RevenuesKodak’s third-quarter results show that profitability improvements are outpacing top-line growth. For the third quarter of 2025, consolidated revenues reached $269 million, up modestly from $261 million a year earlier, but gross profit surged to $68 million from $45 million. This lifted gross margin to 25% compared to 17% in the prior-year quarter, reflecting a step-change in operating efficiency and pricing outcomes. The company attributes the improvement to price increases, better volumes, lower aluminum costs and reduced litigation spending, partially offset by higher manufacturing costs. This kind of margin expansion, especially in a relatively flat revenue environment, suggests Kodak is becoming more profitable per dollar of sales.

Operational EBITDA underscores the same shift. Kodak reported Operational EBITDA of $29 million in the third quarter of 2025, up from $1 million in the prior-year quarter. This reflects broad-based improvement in the underlying business, rather than a one-off accounting benefit. In turn, the company has been able to grow its cash balance sequentially through profitability.

Advanced Materials and Chemicals Is Becoming a Growth EngineKodak’s Advanced Materials & Chemicals (“AM&C”) segment is emerging as its clearest and fastest-growing driver. In the third quarter of 2025, AM&C revenues rose 15% year over year to $82 million, and segment profitability expanded alongside revenue gain. Management’s remarks emphasize that years of reinvesting in Kodak’s coating and layering competencies are beginning to pay off, with growth supported by industrial film, chemicals and motion picture demand.

A particularly notable development is Kodak’s cGMP pharmaceutical manufacturing facility, which is now certified and operating. Certification allows Kodak to manufacture and sell regulated products, beginning with diagnostic reagents, with the stated goal of expanding its product set over time. Entry into regulated pharma-adjacent manufacturing can offer higher stability and margin potential than traditional print cycles.

Film Demand & Direct Distribution Add Another Layer of MomentumKodak also describes a resurgence in its film business, supported by both capacity investment and structurally improving demand. Kodak has invested heavily in film finishing lines, nearly doubling capacity, and is seeing rising interest from motion picture and still-film users. Importantly, Kodak has launched its own direct distribution brand for still film, intended to stabilize supply, pricing and availability across global channels. This gives Kodak more direct control over a growing consumer and professional niche while reinforcing its brand equity in analog imaging. Combined with AM&C growth, film provides another lever for multi-year revenue durability.

Print Is More Profitable Even With Slightly Lower SalesWhile print revenues slipped slightly year over year in the third quarter, the profitability profile of the print division improved sharply. Print Operational EBITDA swung from negative $9 million in the third quarter of 2024 to positive $8 million in the third quarter of 2025. The company links this rebound to higher pricing, lower aluminum costs, cost discipline and prior-year inventory reserve effects.

At the same time, Kodak continues to invest in a full print ecosystem that includes workflow software, computer-to-plate systems, lithographic plates, digital presses and services. Even in a mature global print market, Kodak’s ability to restore print profitability supports overall cash generation and reduces downside risk for shareholders.

Pension Reversion Is a Balance Sheet CatalystKodak is nearing completion of its U.S. pension reversion process. After settling roughly $2.1 billion of pension obligations and finalizing annuity transfers and lump sums, Kodak expects surplus assets to revert to the company in December 2025. The latest estimate for reversion proceeds is approximately $600 million, up from the earlier guidance of $500 million. About $450 million is expected in cash and $150 million in non-cash hedge fund assets that are being redeemed. This infusion is not merely incremental liquidity; it is central to Kodak’s stated deleveraging plan.

Kodak is required under its credit agreements to use a significant portion of the cash to repay term loans, cutting debt to around $200 million and lowering interest expense going forward. Management expects that after applying these proceeds, Kodak will be net cash positive versus its term loans and Series B preferred obligations and will exit 2025 with more than $300 million in cash.

The Bottom LineProfitability is improving faster than revenues, AM&C is scaling into new, higher-value markets, the film business is benefiting from renewed demand and better distribution control, and print has returned to positive earnings contribution. Above all, the impending $600 million pension reversion is set to reduce debt dramatically and push Kodak into a net-cash-positive posture, while the removal of the going-concern warning signals that balance sheet stress has eased. On the evidence contained in these filings alone, KODK appears positioned for a stronger, more flexible and potentially higher-valued future.

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.

, /PRNewswire/ -- Ecopetrol S.A. (BVC: ECOPETROL; NYSE: EC) ("Ecopetrol" and together with its subsidiaries, the "Ecopetrol Group") announces that its board of directors has approved the Ecopetrol Group's Annual Investment Plan for 2026 (the "2026 Annual Investment Plan"), with an amount ranging between COP 22 and 27 trillion1. This plan maintains investment levels compared to the projected 2025 year-end figures, under capital discipline criteria for each business line, and includes the following guidelines:

Approximately COP 17.2 trillion, about 70% of the budget, is expected to be allocated to profitably produce between 730 and 740 thousand barrels of oil equivalent per day, maintain an average refinery throughput of 410 to 420 thousand barrels per day, and transport between 1,110 and 1,120 thousand barrels per day.
Around COP 7.1 trillion, approximately 30% of the budget, is expected to be invested in Energy Transition and Power Transmission projects, as well as roads and other corporate investments.
The 2026 Annual Investment Plan considers a challenging environment, with an estimated Brent price of US$60 per barrel and an average annual exchange rate close to COP 4,050. Accordingly, Ecopetrol Group has defined a strategy to safeguard profitability and liquidity through cost reductions, enabling an approximate EBITDA margin of 40%, in line with 2025 levels. Additionally, transfers to the Nation are estimated at around COP 28 trillion.
The Profitability and Efficiency Program is expected to contribute approximately COP 5.7 trillion, positively impacting EBITDA, investments, and working capital. The program is also expected to support performance in total refining costs, transported barrel costs, and maintain lifting costs below US$12 per barrel.
About COP 1.7 trillion is expected to be allocated to advance the goals of the sustainability strategy (SosTECnibility), mainly in climate change, sustainable territories, materials and waste, and occupational health.
To safeguard cash and maintain healthy debt and profitability metrics, the Ecopetrol Group expects to implement a portfolio rotation program.

Highlights by Business Line:

Hydrocarbons Line

Investments in exploration and production is expected to amount to COP 14 trillion (89% for crude oil and 11% for gas), focused on achieving organic production levels of 730–740 thousand barrels of oil equivalent per day (80% crude, 15% gas, 5% white products) through recovery technologies to optimize resources and sustain production. Crude oil output in Colombia is expected to increase, offsetting natural gas field declines.

The Ecopetrol Group plans to drill between 380 and 430 development wells, 95% in Colombia and 5% in the U.S. Additionally, 8 to 10 exploratory wells are planned in Colombia, mainly offshore, Meta, and Putumayo. Gas investments are estimated at COP 1.5 trillion, primarily in the Llanos Foothills and offshore areas to develop Caribbean gas and contribute around 105–110 thousand barrels of oil equivalent per day.

Transport investments are expected to total about COP 1.5 trillion (6% of the budget), mainly for integrity and reliability projects by Cenit, Ocensa, ODC, and ODL. Transported volumes are expected to range between 1,110 and 1,120 thousand barrels per day, aligned with national production and refined product demand.

Refining investments are expected to be close to COP 1.7 trillion (7% of the budget), focused on ensuring reliability, availability, and sustainability at the Barrancabermeja and Cartagena refineries, reducing product imports, and improving fuel quality (LBCC2). Combined refinery throughput is expected between 410 and 420 thousand barrels per day.

Transmission and Roads Line

Interconexión Eléctrica S.A. E.S.P. (ISA), an Ecopetrol subsidiary, is expected to invest between COP 6.2 and 6.8 trillion in 2026, about 26% of the Ecopetrol Group's annual budget, with roughly 80% allocated to the electric transmission business.

Energy Transition Line

To advance energy transition, around COP 0.9 trillion (3% of the plan) are expected to be invested in non-conventional renewable energy and energy efficiency projects, among others. Approximately 750 MW of additional clean energy generation capacity is expected from projects in operation, construction, and development.

Finally, the Ecopetrol Group expects to allocate about COP 0.2 trillion (1% of the plan) to corporate areas and operational support.

In summary, the 2026 Annual Investment Plan presented by Ecopetrol Group includes investments across all business lines and operational efficiencies to sustain production levels, safeguard cash, and maintain long-term debt and profitability metrics, even under challenging market conditions.

Ecopetrol is the largest company in Colombia and one of the main integrated energy companies in the American continent, with more than 19,000 employees. In Colombia, it is responsible for more than 60% of the hydrocarbon production of most transportation, logistics, and hydrocarbon refining systems, and it holds leading positions in the petrochemicals and gas distribution segments. With the acquisition of 51.4% of ISA's shares, the company participates in energy transmission, the management of real-time systems (XM), and the Barranquilla - Cartagena coastal highway concession. At the international level, Ecopetrol has a stake in strategic basins in the American continent, with Drilling and Exploration operations in the United States (Permian basin and the Gulf of Mexico), Brazil, and Mexico, and, through ISA and its subsidiaries, Ecopetrol holds leading positions in the power transmission business in Brazil, Chile, Peru, and Bolivia, road concessions in Chile, and the telecommunications sector.

This release contains statements that may be considered forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. All forward-looking statements, whether made in this release or in future filings or press releases, or orally, address matters that involve risks and uncertainties, including in respect of the Company's prospects for growth and its ongoing access to capital to fund the Company's business plan, among others. Consequently, changes in the following factors, among others, could cause actual results to differ materially from those included in the forward-looking statements: market prices of oil & gas, our exploration, and production activities, market conditions, applicable regulations, the exchange rate, the Company's competitiveness and the performance of Colombia's economy and industry, to mention a few. We do not intend and do not assume any obligation to update these forward-looking statements. 

For more information, please contact:

Head of Capital Markets
Carolina Tovar Aragón
Email: [email protected] 

Head of Corporate Communications (Colombia)
Marcela Ulloa
Email: [email protected] 

1 Exchange rate: 4,050 USDCOP
2 Fuel Quality Baseline (Línea base de Calidad de Combustibles)

SOURCE Ecopetrol S.A.

Olivier Bron, CEO of Bloomingdale's, says consumers are ready to spend and he aims to rebuild the next golden age of the brand. As holiday shopping ramps up, Burberry CEO Joshua Schulman tells Bloomberg's Romaine Bostick that Bloomingdale's is the perfect place to showcase the company's timeless British luxury for Burberry customers, Bloomingdale's shoppers, and all of New York City during the holiday season.

SummaryMost stocks are expensive today.But some niche sectors and international stocks remain discounted.I highlight 3 heavily discounted stocks that I am buying this Black Friday.Black Friday Sale 2025: Get 20% Off atakan/iStock via Getty Images

Black Friday is here, and we are all looking for discounts.

But unfortunately for investors, Black Friday is cancelled this year.

The stock market is currently trading at its highest valuation ever, according to the average

Analyst’s Disclosure:I/we have a beneficial long position in the shares of CZR; NET.UN; AHH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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