Market Signal Briefing

Large-scale XRP transfer coming from an Australian exchange stuns the markets: what truth lies behind it?

The US Securities and Exchange Commission approved spot Bitcoin ETFs at block 826,565. By block 840,000, those funds held more than 800,000 BTC. By block 925,421, U.S. spot ETFs collectively held **≈5–6%** of circulating BTC (per live trackers at the time).

Only after reading does the translation arrive: those blocks correspond to January 2024, April 2024, and Nov. 27, 2025. The story makes sense without months or years, what matters is the sequence.

Bitcoin already uses two notions of time. Developer documentation describes the chain as an ordered ledger in which each block references the previous one, with the difficulty recalculated every 2016 blocks to aim for roughly 10 minutes per block.

Halvings and upgrades key to specific heights, not wall-clock dates, because height is exact, while the calendar date is an estimate that depends on hashrate. Civil time uses dates and hours. Bitcoin uses a strictly increasing height for order, while wall-clock timestamps can drift within consensus bounds, and short reorgs can relabel the exact “when.”

Bitcoiner and software engineer Der Gigi frames Bitcoin units as “stored time” and the network itself as a “decentralized clock.” Satoshi’s pre-release code called the ledger “timechain,” treating it as a system that orders events over time rather than simply storing data.

Developers schedule forks by height because it maps roughly to future calendar dates. The mapping isn’t exact: it depends on future hashrate and only re-targets every 2,016 blocks, so the calendar date can drift before difficulty adjusts.

The ETF story told in six-digit numbers reveals why marking history by height is more than a meme: it’s a bet on whose clock the internet will trust.

Time as power: who runs the clocks runs the networksBefore 1960, time signals were based on Earth’s rotation and on national observatories. Major nations then jointly developed Coordinated Universal Time, which was formalized in the 1960s as the global reference time. UTC is a political and technical compromise, International Atomic Time plus politically managed leap seconds (which standards bodies have voted to phase out by or before 2035).

Control over the standard means control over the coordination layer underpinning finance, aviation, and communications.

David Mills’ Network Time Protocol, first specified in 1985, gave networked machines a shared notion of UTC within milliseconds. NTP became a self-organizing hierarchy of time servers keeping the internet synchronized.

Whoever runs the clocks runs the networks. Governments and standards bodies have held that privilege since the telegraph era.

Satoshi sidestepped that hierarchy entirely. The Bitcoin whitepaper describes a “peer-to-peer distributed timestamp server to generate computational proof of the chronological order of transactions.”

In Satoshi’s code, the ledger was named “timechain,” which is evidence that ordering events, not just transferring money, was the core design goal.

Leslie Lamport’s 1978 paper showed that in distributed systems, you care first about the consistent ordering of events, not matching wall clocks. Bitcoin is Lamport clocks with a burn rate: proof-of-work enforces total order and an approximate tempo, replacing trusted time servers with energy expenditure and consensus rules.

What block time really is: probabilistic intervals, not a wall clockBitcoin’s block arrivals follow a Poisson process. Block time averages ten minutes while actual intervals follow an exponential distribution around that mean.

Block timestamps, by contrast, are deliberately fuzzy. Bitcoiner and software engineer Pieter Wuille points out the header’s time field should be treated as “within a precision of hours.”

This is “inaccuracy by design”: Bitcoin only needs timestamps accurate to within an hour or two for difficulty and anti-reorg rules.

What “network-adjusted time” actually isIt’s a peer median: each node computes the median of its peers’ reported times to adjust its own clock’s idea of “now.”Not NTP: this is internal to Bitcoin’s p2p network; it doesn’t require or assume external time servers.Validity window: a block header’s timestamp is accepted if it’s greater than the median of the previous 11 blocks and not more than about two hours ahead of the node’s network-adjusted time.Implication: timestamps are intentionally coarse (think hours, not minutes); height enforces strict ordering. Bitcoin Core considers a timestamp valid if it exceeds the median of the previous 11 blocks and falls within the network-adjusted time plus 2 hours.For those who care about human time, timestamps are squishy. For those who care about ordering, block height is perfect. Wall-clock precision is deliberately relaxed, as what must be precise is the sequence enforced by proof-of-work and height.

Historiography in blocks: when the chain becomes the canonical “when”Bitcoin culture already treats block height as canonical. BIP-113 switched locktime semantics to the median time of prior blocks so that the chain itself defines forward progress.

If you want to know when an event “really” happened in Bitcoin’s logic, you look at its position in the chain.

Timestamping literature treats blockchains as neutral, append-only time anchors. Work on blockchain-based timestamping proposes committing event hashes to public chains to prove “by block X, this document existed.”

That’s already a primitive version of historians citing block height.

Art and media theory are playing with this, too. Matt Kane’s “Gazers” syncs its internal calendar to lunar cycles and on-chain triggers. Web3 archival projects frame themselves as “documents in time on the blockchain,” treating chain state as the authoritative “when.”

A 2023 economics paper argues “timechain” may be more apt than “blockchain,” positioning the ledger as a temporal ordering system. This isn’t just a meme; economists are adopting the frame.

The friction: human rituals meet probabilistic blocksLoose timestamp rules mean block times can go “backwards” a bit. Consensus only requires timestamps to be monotone in median-of-11, not strictly increasing. That’s fine for security, but it’s messy for historians wanting sub-hour accuracy.

Short reorgs can temporarily re-label “when” something happened. Protocol researchers title papers “in Bitcoin, time doesn’t always go forward.”

There’s also a social gap. Humans live on weeks, months, and ritual calendars. UTC exists to map those rhythms onto clocks. Bitcoin’s ten-minute heartbeat ignores weekends and holidays, a virtue of a neutral system, but “block 1,234,567” feels alien compared with “Jan. 3, 2029.”

Security note: Bitcoin historically tolerated a “time-warp” quirk where miners could collude on skewed timestamps to slow difficulty increases. It’s constrained in practice and the ecosystem has long discussed consensus cleanups to fully close it, useful context when arguing Bitcoin as a clock.

Beyond Bitcoin: Lindy effects and Schelling pointsA Markets essay says, “If Bitcoin is a clock written by God, then Ethereum is a plant,” using the metaphor to describe BTC’s fixed-supply, hard-coded schedule. Because Bitcoin is the oldest, most secure proof-of-work chain with the most accumulated energy, it’s uniquely suited as a neutral time reference.

Academic reviews note that security and longevity matter: a “clock” no one expects to survive the century is a poor anchor for archives.

Bitcoin’s Lindy effect and mining economics make it the Schelling choice for “internet time,” even if other chains have faster blocks. Ethereum’s flexible protocol makes it feel more like a programmable environment than a metronome.

Android “timechain” widgets display block height on home screens. Physical Bitcoin calendars exist. Most explorers display both the block height and a human timestamp, but lead with the human timestamp. Flipping that default would signal normalization.

UTC took years of negotiation before becoming universal. In crypto, BIPs encode policy decisions about interpreting time and have become de facto standards.

It’s not a stretch to imagine a style guide: “When citing an on-chain event, include block height; date optional.”

Crypto-focused publications routinely say “at block 840,000” when describing halvings, training readers to treat height as a first-class temporal reference. Web3 archives hint at a future where museum labels show both “Block 1,234,567” and “Oct. 5, 2032.”

Example citation pattern: bitcoin-mainnet #840,000 (hash: 00000000…83a5) — 2024-04-20 UTC (halving).

This makes the reference unambiguous and machine-verifiable across forks and test networks.

Papers argue that hashes anchored to public chains can prove a document existed no later than a given block.

Courts could formally recognize such anchors for evidence. Git already uses hashes to define “when” a change happened; the wall clock is secondary.

Bitcoin doesn’t have to replace UTC. The defensible line is that Bitcoin has become a parallel time axis for digital history: provable, neutral, ordered by energy and consensus rather than states.

The question is how far that axis bleeds into law, archives, and collective memory.

2040: a world where height comes firstThe historian pulls up the archive entry. “First spot ETF approval: block 826,565 (Jan. 10, 2024).” The date sits in parentheses, a footnote to the canonical reference.

Her editor flags it: “Do we need the calendar dates?” She deletes them. Readers who care can translate.

Outside, the wall clock shows 3:47 p.m. The timechain widget shows block 2,100,003. Both are correct. One measures Earth’s spin and political compromise. The other measures accumulated proof-of-work since genesis.

For her dissertation on Bitcoin’s institutionalization, the second clock matters. It’s the clock that can’t be edited, the clock that doesn’t observe daylight saving, the clock whose ticks you can verify back to block zero.

It’s not the only clock. But for a growing class of events, it’s the clock that counts.

Mentioned in this article

TL;DR

Bitcoin is trading at $91,409, marking a 1.51% gain in the past 24 hours.
The market shows low liquidity and fragile structure, remaining in a tight $81,000–$92,000 range.
Onchain and offchain indicators suggest defensive consolidation will continue until BTC reclaims key cost-basis levels and new inflows strengthen demand, with caution persisting among both short-term and long-term holders.

Bitcoin is trading at $91,409, up 1.51% in the last 24 hours, but the broader crypto market continues to consolidate defensively. Analysts point out that the digital asset remains in a fragile state, with price movements constrained by low liquidity, a lack of sustained demand, and limited inflows from institutional investors, which may delay significant upward momentum.

Bitcoin Faces Structural Fragility And Low Liquidity
Glassnode reports that Bitcoin has been below the short-term holder cost basis of around $104,600 since early October. The current $81,000–$92,000 range mirrors the post-ATH interval in Q1 2022, when demand weakened and loss realization increased. Short-term holders are seeing rising losses, while long-term holders have reduced profit-taking margins. These onchain metrics indicate liquidity has evaporated, limiting market conviction, reducing trading volumes, and heightening the risk of further downward pressure.

Offchain Metrics Confirm Defensive Market Positioning
Futures and derivatives data reinforce the cautious environment. Futures open interest is decreasing alongside price, while perpetual funding rates remain mostly neutral. Options markets are showing record open interest, driven by risk-management strategies rather than aggressive speculation. This reflects a market defensively positioned, with traders waiting for clear signals, carefully adjusting leverage, and holding positions with greater caution before committing to new directional bets.

Market Outlook Hinges on Key Resistance Levels
Bitcoin’s next decisive move depends on reclaiming major cost-basis levels. Analysts highlight that until fresh demand emerges, the market will likely stay in low-conviction consolidation.

Short-term fear has eased, but structural fragility persists, and prolonged low liquidity increases the risk of testing the True Market Mean near $81,000. Any significant breach above resistance could shift sentiment toward renewed inflows and a stronger market rebound, potentially attracting new investors and additional institutional interest.

For now, Bitcoin’s defensive consolidation underscores the cautious stance of traders and the lingering fragility in market structure. While short-term panic has faded, analysts emphasize that sustained gains will require reclaiming key cost-basis levels and a return of liquidity. Investors are advised to monitor onchain and offchain signals closely, along with derivative flows and funding rate shifts, as the market navigates this critical juncture.

Tether (CRYPTO: USDT) just got slapped with the lowest possible stability score from S&P Global — and in the same breath, it's quietly buying more gold than sovereign nations. Only in crypto does the market's bedrock stablecoin get labeled structurally fragile the very week it starts stockpiling bullion like a central bank preparing for a monetary overhaul.

Track USDT price here.
S&P Sounds The AlarmIn its Nov. 26 assessment, S&P moved USDT from 4 (constrained) to 5 (weak), warning that Tether's reserve composition has shifted meaningfully toward riskier components including Bitcoin, Gold, Secured loans and Corporate credit. The report notes Bitcoin now accounts for about 5.6% of USDT in circulation, exceeding the 3.9% overcollateralization margin — meaning a sharp price drawdown could leave USDT under-backed.

S&P also cited additional structural weaknesses: limited disclosure, no asset segregation to protect holders in an insolvency scenario, a lack of regulatory guardrails and constraints around primary redemption. In Wall Street language, that's a flashing-red dashboard. In crypto? It's Thursday.

Read Also: Schiff Vs. Saylor: Is Strategy’s Bitcoin Hoard A Golden Illusion?

The Plot Twist: Tether Is Buying Gold Like A Nation-StateWhile S&P is questioning the stability of USDT, Financial Times reporting shows Tether purchased 26 tonnes of gold last quarter — more than Kazakhstan (18t), Brazil (15t), Turkey (7t) and Iraq (6t). With an estimated 116 tonnes now under its control, Tether has become the world's largest independent holder of physical gold, on par with the national reserves of South Korea and Hungary.

For investors watching de-dollarization trends and the shift toward commodity-and-crypto-anchored finance, the move looks anything but accidental: Tether appears to be hedging against a new monetary era where Bitcoin and gold sit beside reserve currencies — not below them.

Investor takeawayTwo opposing narratives are crashing into each other:

One says Tether is opaque, risky and vulnerable.

The other says Tether is positioning to survive a regime shift most haven't even priced in.

Either S&P is right — and the foundation is cracking — or Tether is preparing early for a world that's about to change.

And if crypto history is any hint, the truth usually lands somewhere profitable in the contradiction.

Read Next:

Tether Just Did What Bitcoin Never Could — Become The World’s Shadow Central Bank
Market News and Data brought to you by Benzinga APIs

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

TL;DR

Monad dropped nearly 10% in 24 hours following its airdrop, with its current price around $0.04, influenced by multiple factors.
Arthur Hayes turned bearish and warned of a potential collapse.
The relationship with market makers like Wintermute and the concentration in derivatives increase liquidity risk and volatility in an already weakened altcoin market.

Monad is experiencing its first week of turbulence after the airdrop of its MON token, which fell close to 10% in the last 24 hours, reaching $0.04 after peaking at $0.047.

Part of the correction can be attributed to Arthur Hayes, BitMEX founder, who openly declared a bearish stance and warned of a potential total collapse of the token. The price drop liquidated small long positions, while short positions have accumulated up to $0.05, reflecting significant selling pressure and a fragmented market between buyers and sellers.

The Pullback Could Set the Stage for a Balance Point
MON trading maintains high open interest, with over $65 million concentrated on Binance. Coinbase and Bybit lead the spot market, accounting for more than 37% of MON’s total volume, while Binance captures over 89% of derivative trading. Liquidity is mainly concentrated in perpetual contracts, and the accumulation of short positions suggests the pullback could act as a balance point before a potential rebound.

Part of the volatility is linked to the project’s relationship with market makers, particularly Wintermute. This firm received a one-year loan of unlocked MON tokens, while other market makers only have a month’s supply. The concern is that these actors may sell large amounts of Monad in the short term and then buy back at lower prices, potentially causing liquidity errors and increased downward pressure. This dynamic highlights the concentration of power and the structural risk of a low-float, VC-backed token.

Monad (MON) Is Vulnerable to Rapid Corrections
Monad also faces adoption and perception challenges in the altcoin market. Its Solana version counts nearly 12,000 holders, but top whales have sold a large portion of their tokens, earning limited profits of up to $85,000. Activity on Hyperliquid placed Monad (MON) among the 10 most active tokens alongside ASTER and PUMP, but volatility and selling pressure threaten to hinder the project’s consolidation.

The overall context for Monad is high risk. Its price remains in a discovery phase, and the weakened altcoin market only amplifies uncertainty. The combination of aggressive selling, loans to market makers, and a highly concentrated derivatives market makes the token susceptible to rapid corrections. The coming days will be crucial to determine whether Monad stabilizes or continues its decline

Ethereum (ETH) is holding steady around the $2,900 level as improving macro sentiment, increasing institutional flows, and renewed whale accumulation boost expectations for a short-term price recovery. With traders anticipating a shift in U.S. monetary policy, confidence is building that ETH could revisit the $3,400 region in the coming days.

TL;DR

Shiba Inu has partnered with TokenPlay AI to launch a Shiba-themed miniapp aimed at increasing SHIB utility.
The platform will reward users for engagement, converting passive holders into active participants.
TokenPlay AI’s tools allow creators to build miniapps quickly without coding, supporting multiple blockchain communities and highlighting AI-driven gaming as a practical use for SHIB holders.

Shiba Inu has officially partnered with TokenPlay AI to introduce a Shiba-themed miniapp designed to expand SHIB utility and encourage user engagement. The initiative focuses on interactive experiences powered by AI and blockchain technology. According to the project’s official Shib X account, the integration will enhance SHIB’s practical use across gaming and digital platforms. Early testing has already shown promising engagement metrics, suggesting strong initial interest from both existing holders and new users.

AI Partnership Targets Expanded SHIB Engagement
Users will access Shiba-branded games and earn rewards for participation. The feature aims to turn passive SHIB holders into active contributors. Lead developer Shytoshi Kusama highlighted AI adoption as a priority, emphasizing that combining gaming with blockchain technology will strengthen long-term engagement. The miniapp will also support leaderboard competitions and exclusive token-based events to further increase user activity and reward engagement.

The rollout represents a significant step in Shiba Inu’s roadmap, demonstrating a strategy that merges entertainment, digital rewards, and on-chain activity. By integrating AI-driven experiences, the project expects higher participation rates and deeper interaction with SHIB content. Additional updates may include seasonal in-app challenges and interactive tutorials to help new users engage effectively.

TokenPlay AI Brings Gaming Tools and Broad Partner Network
TokenPlay AI, created by Astra Nova, provides a platform to quickly generate miniapps with no coding required. NVIDIA and artificial general intelligence (AGI) contributed to the underlying technology, while partnerships with Alibaba Cloud expand scalability for Web3 developers. For Shiba Inu, these tools enable creators to build games tailored to SHIB audiences in seconds, supporting engagement through reward-driven experiences. Several features are planned to track user metrics and improve gameplay over time.

The early access launch will also include projects such as Neiro, Sundog on Tron, and Solana’s Peanut meme coin, as well as Hippo, MemeCore, Moodeng, and MemeX. TokenPlay AI reported 378,742 users on its waitlist, a sharp increase from 22,021 in June, reflecting strong demand for the Shiba miniapp and the broader expansion of its tools.

Overall, the collaboration highlights the growing intersection of blockchain, AI, and interactive experiences. 

Ethereum is trading far below its modeled “intrinsic value,” according to a live valuation dashboard launched by Hashed CEO Simon Kim. On ETHval (ethval.com), the current snapshot shows Ethereum at a spot price of $3,034.0 while the reliability-weighted “Composite Fair Value” stands at $4,777.5, implying +57.8% upside versus the market. The median fair value across models is $4,026.68, or +33.8% above spot. The dashboard labels ETH “UNDERVALUED” and aggregates its eight models into five buy, one hold and two sell signals.

How The Fair Value Of Ethereum Is Calculated
Kim introduced the project on X with the explicit goal of shifting the discussion away from pure sentiment: “What is ETH actually worth? The crypto industry deserves better than price speculation. I built a dashboard to think about ETH’s intrinsic value with 8 models… Far from perfect and open to feedback.” ETHval makes those models and their outputs fully visible, along with their individual reliability tags.

The tool’s central panel breaks out each valuation. The TVL Multiple model, which prices ETH off total value locked in DeFi using a 7× TVL-to-market-cap anchor, assigns a fair value of $4,026.6, judging ETH 32.7% undervalued (reliability: medium). A more conservative MC/TVL Fair Value mean-reversion model, treated as high reliability, lands at $3,453.1, only 13.8% above spot and classified as “fair.”

Models that embed stronger network-effect or cash-flow claims are far more aggressive. The DCF (Staking) framework, which discounts an implied perpetual stream of staking rewards, values ETH at $9,101.9, indicating it is 200.0% undervalued. A high-reliability Metcalfe’s Law implementation, which scales value with TVL to the power of 1.5, is even more bullish at $9,585.9, or 216.8% above the current price.

The Ethereum L2 ecosystem model, which adds twice the TVL of major rollups to Ethereum mainnet TVL before applying a multiple, generates a fair value of $4,640.0, implying 52.9% undervaluation, although ETHval marks this model’s reliability as low. A Staking Scarcity model, also low reliability and based on liquid-supply contraction, prices ETH at $3,538.2, or 16.6% undervalued.

Two income-style models push in the opposite direction and still receive high reliability scores. The P/E Ratio (25×) model treats annualized protocol fees as “earnings,” applies a 25× multiple and arrives at a fair value of only $957.4, reading ETH as 68.4% overvalued. The Revenue Yield model reverse-engineers price from a target protocol yield of 2.5%; at current revenue levels it outputs $1,531.8, implying 49.5% overvaluation.

Source: https://ethval.com/
To synthesize these conflicting signals, ETHval applies a disclosed weighting scheme: high-reliability models are multiplied by 9, medium by 5 and low by 2 when computing the $4,780.7 composite. That weighting, combined with the extreme upside implied by the DCF and Metcalfe models, is what drives the overall conclusion that Ethereum is strongly undervalued despite two respected frameworks pointing to downside.

The dashboard itself stops short of making investment recommendations. Underneath the numbers, ETHval reiterates that the outputs are for reference only and that each model rests on explicit, debatable assumptions.

But by fixing the current ETH price at $3,034.0 against a live fair-value band stretching from $957.4 on the bearish end to $9,585.9 on the most bullish, Kim’s site quantifies a debate that usually plays out in anecdotes and narratives—and, for now, that quantified view leans clearly toward Ethereum being undervalued.

At press time, ETH traded at $3,029.

Ether rebounds above the 0.5 Fib, 1-week chart | Source: ETHUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

TL;DR Bitwise refiles its Spot Avalanche ETF application with the SEC. The news triggers a significant and immediate positive market reaction. The update intensifies competition in the spot crypto ETF market. Bitwise updates its filing with the U.S.

The meme coin sector fell to its lowest level in 2025 after its market cap sank to $39.4 billion during the week.

Large holders are crowding the exits, according to Cryptoquant's researchers, who say bitcoin, ethereum, and a wide slate of altcoins are seeing a decisive jump in exchange deposits as prices weaken. Report Signals Caution as Big Players Trim Exposure A new report, published on cryptoquant.

XRP price is stuck in a deep bear market, a trend that may persist as key metrics in the ecosystem pull back. 

Summary

XRP price has plunged by ~40% from its highest level this year.
Some key XRP Ledger network stats have continued dropping.
The token continues to form a series of lower lows and lower highs.

Ripple (XRP) token dropped to $2.17 today, Nov. 27, down by over 40% from the year-to-date high. Its retreat has cost investors billions of dollars as its market capitalization moved from nearly $200 billion earlier this year to $131 billion today.

Top XRP Ledger metrics are falling
One potential reason why the XRP price is at risk is that the XRP Ledger network growth has stalled. 

Data compiled by XRPScan shows that the number of payments handled on the network have dived. It handled 451,250 transactions today, Nov. 27, down sharply from this week’s high of over 1.2 million. 

More data shows that the number of active users dropped to 99,000 from this month’s high of 254,000. Additionally, active accounts in the XRP Ledger has dropped to below 20,000.

Meanwhile, the network’s burn rate has been in a strong downtrend. The total XRP burned in fees was less than 500 on Thursday, down from the August high of over 5,000 tokens. This means that the impact of the token burn on the token has been relatively limited. 

XRP Ledger’s role in the real-world asset tokenization industry has also retreated. It has a total value locked of $207 million, making it the tenth-biggest chain. 

Still, on the positive side, some of XRP’s metrics are improving. For example, its role in the stablecoin industry continues to grow, with the market cap of Ripple USD hitting over $1.2 billion. RLUSD in the XRP Ledger has soared by over 90% in the last 30 days.

The other notable metric is that XRP ETF inflows have continued rising this week. These inflows soared by $21 million on Wednesday, bringing the cumulative inflow to $643 million. That is a sign that there is strong demand for the coin among American investors.

XRP price technical analysis
XRP price chart | Source: crypto.news
The daily chart shows that the XRP price has remained in a deep bear market in the past few months. It has plunged from the year-to-date high of $3.66 in July to the current $2.2.

Most importantly, the coin has continued forming a series of lower lows and lower highs, with the recent rebound being part of that cycle.

XRP also remains below the 50-day and 100-day Exponential Moving Averages (EMA) and the Supertrend indicator, meaning that bears are outdoing bulls.

Therefore, the most likely XRP price forecast is bearish, with the initial target being this month’s low of $1.8173, which is about 18% below the current level. 

The bearish outlook will become invalid if the Ripple price rebounds and moves above the short-term and longer-term moving averages.

15 minutes ago

The listing brings the Solana-based token into one of Europe’s largest stock markets, even as memecoin valuations continue to slide in 2025.

111

Solana-based memecoin Bonk is now trading on Switzerland’s SIX Swiss Exchange after Bitcoin Capital listed a regulated exchange-traded product (ETP) tied to the token. 

The listing brings the memecoin into one of Europe’s largest stock markets, allowing investors to gain exposure to Bonk (BONK) through standard brokerage accounts, removing the need for wallets or direct token custody. 

BONK is a dog-themed memecoin on Solana that launched on Christmas Day 2022 through a community airdrop. It brands itself as “the first Solana dog coin for the people, by the people.”

On Thursday morning, the token was up around 5.8%. However, it’s still down around 83% from its all-time high in November 2024.

Source: CoinGeckoBitcoin Capital AG is a Switzerland-based issuer of crypto exchange-traded products.

The BONK ETP launch in Europe follows Grayscale’s debut of a Dogecoin ETF in the US on Monday. The fund saw only about $1.4 million in first-day trading volume, well below $12 million expectations, according to Bloomberg ETF analyst Eric Balchunas.

The demise of memecoins in 2025Memecoins — cryptocurrencies whose value is driven primarily by internet culture and community sentiment rather than technical fundamentals — drove much of the crypto narrative in 2024, with many of these tokens generating huge profits for savvy traders.

However, the memecoin narrative has faded sharply in 2025, and many of the tokens that thrived a year ago are now significantly down. 

According to CoinGecko data, PEPE (PEPE), a frog-themed token on Ethereum, is down about 83% from its December 2024 peak. FLOKI (FLOKI), a dog-themed token built on Ethereum and BNB Chain, has seen a similar slide, falling more than 85% from its June 2024 high. 

Source: CoinGeckoDogwifhat (WIF), a Solana-based token, has been hit even harder, dropping over 92% since its March 2024 all-time high.

Politically themed memecoins have fared worse. Official Trump (TRUMP), a token that uses US President Donald Trump’s name without any confirmed affiliation, is down about 99.6% from its launch peak.

Source: CoinGecko On Friday, the market value of memecoins fell to $39.4 billion, the lowest level recorded in 2025, with about $5 billion erased in a single day, according to CoinMarketCap.

Magazine: Crypto’s impossible choice: When privacy and AML laws conflict

Bitwise moves its Avalanche ETF closer to market with updated SEC filing and becomes first issuer to include staking.

Key Takeaways NOK and Senetas allied to deliver integrated, mission-critical security for modern defense environments.The alliance combines NOK's network solutions with Senetas' quantum-resistant encryption.NOK says the integrated solution protects core to edge networks while meeting strict security standards.
Nokia (NOK - Free Report) and Senetas Corporation have announced an alliance to deliver integrated, mission-critical security capabilities tailored for modern defence environments. The collaboration brings together Nokia’s trusted, scalable mission-critical network solutions, supported by its Defence-in-Depth cybersecurity framework, with Senetas’ globally certified, quantum-resistant encryption technology.

By combining Nokia’s Optical LAN, IP and Optical portfolios with Senetas’ advanced encryption, the alliance safeguards high-speed, geographically dispersed operations against increasingly sophisticated cyber threats.

What Does This Partnership Offer?This partnership provides robust, end-to-end protection spanning core networks to the tactical edge, as nations across Asia bolster sovereign defence capabilities and strengthen critical infrastructure resilience.

The companies are eliminating vulnerabilities across the entire communications chain, from data centres to frontline environments, including autonomous and remote platforms essential for enhanced Intelligence, Surveillance and Reconnaissance (ISR) and combat operations. In contemporary defence scenarios, secure connectivity is equally vital in central infrastructure and in demanding field conditions. Senetas’ quantum-resistant encryption extends military-grade protection across all mission environments, whether underwater, in the air, or on land—shielding critical assets from advanced state-sponsored and criminal cyber-attacks.

The Nokia–Senetas solution enables defence and government organizations to uphold data integrity and confidentiality across diverse, high-performance networks while meeting stringent sovereign and international security certification requirements, including FIPS, Common Criteria and equivalent standards. With Nokia’s global leadership in secure mission-critical networks and Senetas’ Australian-founded, independently certified defence encryption technology, the partnership underscores a strong commitment to sovereign, trusted solutions.

Management highlighted that Nokia is a trusted partner to the defence community, delivering secure, scalable and resilient mission-critical networks, from smart military bases powered by field-proven fiber technologies to secure multi-service wide-area networks for modern defence operations using IP/MPLS and optical networks. By partnering with Senetas, the company strengthened its quantum-safe capabilities to meet additional defence-specific requirements and reinforce its Defence-in-Depth strategy.

Nokia stands to benefit significantly from this strategic alliance. In October 2025, it announced that it teamed up with CommScope to simplify and accelerate fiber-to-the-home (FTTH) deployments across the Asia-Pacific (APAC) region. Nokia aims to integrate its Broadband Easy digital automation platform with CommScope’s FLX ODN non-hardened connectorized terminals. The combined solution offers service providers a fully digitized, end-to-end path to FTTH, delivering unmatched precision, speed and automation.

In September 2025, Nokia announced that it formed a partnership with Supermicro, a global leader in application-optimized total IT solutions, aimed at empowering cloud providers, hyperscalers, enterprises and communication service providers (CSPs) to deploy high-performance, AI-optimized data center networking solutions.

For 2025, Nokia expects a comparable operating profit in the range of €1.7-€2.2 billion. The company expects strong sales growth in the Network Infrastructure, Cloud and Network Services segment in 2025. Nokia expects stable net sales from the Mobile Networks segment.

NOK’s Zacks Rank & Stock Price PerformanceNokia currently carries a Zacks Rank #3 (Hold). The stock has gained 45.1% over the past year compared with the Wireless Equipment industry’s growth of 14.3%.

Image Source: Zacks Investment Research

Stocks to Consider From the Computer and Technology SpaceSome better-ranked stocks from the broader technology space are Ubiquiti Inc. (UI - Free Report) , Ericsson (ERIC - Free Report) and Clearfield, Inc. (CLFD - Free Report) . UI sports a Zacks Rank #1 (Strong Buy), ERIC and CLFD carry a Zacks Rank of 2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

UI’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 54.15%. In the last reported quarter, Ubiquiti delivered an earnings surprise of 39.52%. Its shares have surged 63.1% in the past six months.

ERIC earnings beat the consensus estimate in three of the trailing four quarters while missing in one, with the average surprise being 13.51%. Ericsson’s long-term earnings growth rate is 8.4%. Its shares have jumped 16.8% in the past year.

Clearfield’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 92.47%. In the last reported quarter, CLFD delivered an earnings surprise of 44.4%. Its shares have lost 24.5% in the past six months.

Key Takeaways DraftKings posts strong Q3 momentum with higher parlay mix and 25% iGaming revenue growth.Flutter's FanDuel drives steady gains, with 14M monthly players and global revenues up 17% YoY.Both stocks face volatility from competitive intensity, regulatory shifts and Sportsbook outcomes.
The rapid expansion of U.S. online sports betting has intensified the rivalry among leading digital gaming platforms, especially as operators race to strengthen product quality, deepen customer engagement and capture a larger share of a growing, increasingly competitive market. Two of the sector’s most influential players, DraftKings Inc. (DKNG - Free Report) and Flutter Entertainment plc (FLUT - Free Report) , now find themselves at a pivotal moment as product innovation, user acquisition strategies and ecosystem expansion start shaping the next phase of growth in online wagering.

Both companies are reinforcing their competitive edges through improved sportsbook experiences, broader iGaming ecosystems and new entry points designed to attract customers in untapped jurisdictions. Their recent strategic updates highlight how each is positioning for long-term value creation while navigating shifting consumer behavior, evolving product economics and fresh opportunities like prediction markets.

Let us dive deep and closely compare the fundamentals of DraftKings and Flutter to determine which one may offer more upside now.

The Case for DraftKings StockDraftKings is strengthening its position in online sports betting and iGaming, supported by continued product enhancement and rising engagement across key offerings. In the third quarter of 2025, the company delivered solid momentum as improved pricing, higher parlay mix and expanded iGaming content contributed to healthy revenue gains. Monthly payer engagement and overall handle benefited from upgrades that improved user experience and supported more consistent activity across major sports periods.

The company also posted meaningful operating improvements in the third quarter of 2025. Adjusted gross margin expanded at a strong double-digit rate year over year, supported by a richer parlay mix and more efficient promotional spending. iGaming showed robust performance as well, with net revenues accelerating 25% year over year in the period. Early indicators into the fourth quarter have been similarly constructive, with total sportsbook handle growing 17% year over year in October and parlay handle mix increasing 800 basis points for the NFL season and 1,000 basis points for the NBA season to date.

Near-term variability remains a factor, particularly when weekly sports outcomes move against the house, which can pressure hold rates and create quarter-to-quarter volatility. Competitive intensity also continues to shape promotional dynamics across certain jurisdictions and regulatory shifts can influence the pace of growth in individual states. These factors introduce periodic fluctuations even as the overall trend remains favorable.

Going forward, DraftKings expects continued momentum as product innovation, deeper personalization and stronger cross-product engagement support long-term growth. The company sees a sizable opportunity to expand its offerings in new jurisdictions and continue improving unit economics in existing markets.

The Case for Flutter StockFlutter is building steady momentum in the United States as FanDuel benefits from a stronger product engine, higher parlay adoption and consistent gains in iGaming. In the third quarter of 2025, the company delivered a solid performance, supported by more than 14 million average monthly players across its global platforms and revenues up 17% year over year. Adjusted EBITDA also increased 6% year over year, reflecting a balanced contribution from both U.S. and international operations.

The company continues to deepen customer engagement through enhancements in pricing, personalization and parlay construction. Same-game parlay mix improves across major sports and iGaming participation remains strong as new content and platform upgrades lift user activity. These ongoing improvements, combined with disciplined investment across channels, help U.S. operations maintain a strong competitive position while scaling efficiently.

However, Sportsbook performance remained a notable pressure point in the period. Competitive activity across several key markets pushed customer acquisition costs higher, while weekly sports outcomes created meaningful volatility in hold rates and revenue trends. These factors contributed to a more uneven operating environment and limited the pace of growth in certain states. Although U.S. revenues increased 9% year over year, a 5% decline in Sportsbook revenues required substantial offset from iGaming, where growth surged 44% during the quarter.

Looking ahead, Flutter sees a meaningful runway as FanDuel continues enhancing its product ecosystem and expanding reach. With continued innovation in pricing models, parlay capabilities and iGaming content, Flutter appears positioned to benefit from rising digital gaming adoption and long-term engagement trends across U.S. online wagering.

Stock Performance & ValuationAs witnessed from the chart below, in the past six months, DraftKings’ share price performance stands above Flutter’s, but below the Zacks Gaming industry.

Image Source: Zacks Investment Research

Considering valuation, DraftKings is currently trading at a premium compared with Flutter on a forward 12-month price-to-sales (P/S) ratio basis.

Image Source: Zacks Investment Research

Comparing EPS Estimate Trends of DKNG & FLUTThe Zacks Consensus Estimate for DKNG’s 2025 and 2026 earnings estimates implies year-over-year improvements of 173.3% and 100.4%, respectively. The 2025 and 2026 EPS estimates have decreased over the past 30 days.

DKNG’s EPS Trend
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for FLUT’s 2025 and 2026 earnings estimates implies year-over-year improvements of 8.1% and 39.1%, respectively. The 2025 and 2026 EPS estimates have decreased over the past 30 days.

FLUT’s EPS Trend
Image Source: Zacks Investment Research

ConclusionDraftKings and Flutter are both key players in the rapidly expanding U.S. online sports-betting market, yet they approach growth differently. DraftKings shows strong momentum through product upgrades, higher parlay engagement and expanding iGaming offerings, while Flutter leverages FanDuel’s ecosystem for steady growth and broad user adoption. Both companies face challenges from competitive intensity, regulatory shifts and outcome-driven volatility in Sportsbook operations, which can affect short-term results.

Investors may prefer to monitor DraftKings, which carries a Zacks Rank #5 (Strong Sell), and Flutter, with a Zacks Rank #3 (Hold), focusing on trends in user engagement, product innovation and expansion into new markets as key factors shaping performance in the evolving sports-betting landscape.

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

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.

About Angela Harmantas
Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more

About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

Use of technology
Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

Key Takeaways Starbucks rolls out Green Apron across U.S. stores to rebuild customer connection and lift transactions.SBUX says over 80% of U.S. stores hit 4-minute times, as Smart Queue fuels a return to positive sales comps.Starbucks' pilot stores outperform the system as Green Apron efforts aim to drive traffic-led profit recovery.
Starbucks Corporation (SBUX - Free Report) is betting big on its revamped Green Apron Service to restore customer connection and drive transaction growth after several soft quarters. The initiative, rolled out across the full U.S. company-operated portfolio in August, makes staffing and service quality a top priority.

Management increased labor hours, expanded rosters and pushed earlier store openings to ensure more hands are available during high-demand periods. Early results are promising, improved customer experience scores and record low turnover signal stronger partner engagement.

Execution improvements are also translating to better throughput. More than 80% of U.S. company-operated stores are now achieving café service times of four minutes or less, aided by the new Smart Queue sequencing algorithm. September marked an important milestone: positive U.S. sales comps led by transactions, the first such uptick in months. The company believes consistency is the key, customers must feel the difference on every visit for momentum to sustain.

Management acknowledges the ramp will take time. The first 650 pilot stores continue to outperform the broader system, reinforcing the view that customer familiarity with better service will accelerate results. Starbucks also sees the initiative as both a defensive fix and an offensive weapon, positioning the brand to compete more effectively across café, mobile and drive-thru channels, all areas where frequency remains high.

The focus now is clear: win the morning and earn the afternoon through better staffing and operational discipline. While labor investments continue to weigh on margins, Starbucks expects traffic-led growth to drive long-term profit recovery. With Green Apron now standard and holiday season traffic building, investors will be watching whether these operational enhancements deliver sustained U.S. comparable sales growth in 2026.

How Competitors Are Responding to Service-Led Traffic StrategiesStarbucks’ intensified push behind staffing and in-store service places direct pressure on competitors pursuing similar traffic-recovery strategies. Dutch Bros Inc. (BROS - Free Report) continues to expand its predominantly drive-thru model, leveraging speedy service and personalized interactions as differentiators. With compact store formats and lower labor needs, BROS prioritizes throughput efficiency and youth-focused menu innovation. However, without Starbucks’ large café footprint or deeper service investments, Dutch Bros competes more on speed than experiential engagement, which positions it differently as the former leans into human connection inside the store.

Restaurant Brands International (QSR - Free Report) , parent of Tim Hortons, is another relevant competitor advancing operational upgrades. Tim Hortons has been investing in equipment improvements, digital ordering functionality and targeted staffing efficiencies to sharpen speed and boost guest satisfaction across morning dayparts. Its emphasis on value pricing and convenience makes Tim Hortons a formidable rival, particularly as Starbucks looks to “win the morning” with enhanced service and connection.

Ultimately, competitors are choosing efficiency and value, while Starbucks is doubling down on service-led premium experience, a strategic divergence that will determine traffic leadership in 2026.

SBUX’s Price Performance, Valuation & EstimatesShares of Starbucks have gained 0.8% in the past six months against the industry’s decline of 6.7%.

Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Starbucks trades at a forward price-to-sales ratio of 2.53, below the industry’s average of 3.5.

P/S (F12M)
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for SBUX’s fiscal 2026 and 2027 EPS implies a gain of 13.6% and 25.6%, respectively, year over year. The EPS estimates for fiscal 2026 and 2027 have declined in the past 30 days.

Image Source: Zacks Investment Research

Starbucks currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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 AIP 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.

NEW YORK--(BUSINESS WIRE)---- $JEF #BFA--Jefferies Financial Group Inc. Faces SEC Probe Over Point Bonita Disclosures – Investors Urged to Contact BFA Law about its Investigation.

One small fund’s high-conviction move offers a window into how specialists are navigating 2025’s biotech rally.

New York City-based Findell Capital Management disclosed a new $9.5 million position in Mineralys Therapeutics (MLYS +2.75%) as of its November 14 SEC filing.

What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Findell Capital Management initiated a new position in Mineralys Therapeutics (MLYS +2.75%), acquiring 250,000 shares in the third quarter. The stake was valued at $9.5 million, representing 3.7% of the fund’s $253.4 million U.S. equity portfolio as of September 30. The fund reported 15 positions in total.

What Else to KnowTop holdings after the filing: 

NASDAQ:LQDA: $64.4 million (29.4% of AUM)NASDAQ:ESTA: $53.1 million (24.2% of AUM)NASDAQ:OPRT: $15.8 million (7.2% of AUM)NASDAQ:ODP: $14.9 million (6.8% of AUM)NYSE:GEO: $11.5 million (5.2% of AUM)As of Wednesday's market close, shares of Mineralys Therapeutics were priced at $43.36, up a staggering 246% over the past year and far outperforming the S&P 500's 13% gain in the same period.

Company OverviewMetricValueMarket Capitalization$3.4 billionNet Income (TTM)($171.4 million)Price (as of market close Wednesday)$43.36Company SnapshotMineralys Therapeutics is a clinical-stage biotechnology company focused on advancing therapies for hypertension and cardiovascular diseases. The company leverages its proprietary candidate, lorundrostat, to address significant unmet needs in resistant hypertension. Lorundrostat is an orally administered aldosterone synthase inhibitor targeting uncontrolled or resistant hypertension. Primary customers are expected to be healthcare providers and patients suffering from hypertension and related cardiovascular conditions.

Foolish TakeInvestors might want to take note when a manager allocates meaningful capital to a pre-revenue biotech with a rapidly shifting risk profile. Findell’s new stake in Mineralys reflects a bet on a company whose valuation has been driven almost entirely by clinical progress and capital markets momentum. Shares have surged since the company upsized its $250 million offering announced on September 2—an event that materially expanded its cash runway and signaled rising institutional support. The company ultimately raised $287.5 million through the offering. For long-term investors, that backdrop may matter as much as the science itself.

Mineralys ended the third quarter with no product revenue and a net loss of $36.9 million in the period, but it reported continued advancement of lorundrostat, its aldosterone synthase inhibitor being developed for resistant hypertension. The company is still early in its lifecycle, using capital primarily for R&D, manufacturing, and pre-commercial planning. That profile—high risk, but with a potentially large addressable market—isn't unusual across Findell’s portfolio, which includes concentrated medical bets such as Liquidia.

GlossaryAssets Under Management (AUM): The total market value of all investments managed by a fund or investment firm.
Reportable Assets: Investments that must be disclosed in regulatory filings, typically above a certain threshold.
Portfolio Exposure: The proportion of a fund's capital allocated to a specific investment or asset.
Clinical-stage Biopharmaceutical: A company developing drugs that are still undergoing clinical trials and not yet approved for sale.
Aldosterone Synthase Inhibitor: A drug that blocks the enzyme responsible for producing aldosterone, a hormone linked to high blood pressure.
Resistant Hypertension: High blood pressure that remains uncontrolled despite treatment with multiple medications.
Stake: The amount or percentage of ownership an investor holds in a company.
Outperforming: Achieving a higher return or growth rate compared to a benchmark or index.
Proprietary Candidate: A drug or therapy owned and developed exclusively by a specific company.
TTM: The 12-month period ending with the most recent quarterly report.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Mineralys Therapeutics. The Motley Fool has a disclosure policy.

The U.S. Securities and Exchange Commission is investigating Jefferies' relationship into bankrupt auto parts maker First Brands Group, The Financial Times reported Thursday.

The newspaper, citing people with knowledge of the matter, said the regulator is looking into whether Jefferies gave investors enough information on its Point Bonita fund's exposure to the failed auto business.

The inquiry into internal controls and potential conflicts within the bank is at an early stage, the report said. It's not clear whether it will result in any allegations of wrongdoing.

Jefferies came under pressure last month after its exposure to First Brands — which collapsed under a series of complex debt agreements — raised fears of other bad loans on Wall Street.

Stock Chart IconStock chart icon

Jefferies, ytd performance

Shares of Jefferies are down more than 12% this quarter and 27% this year.

When asked for comment, an SEC spokesperson said the agency "does not comment on the existence or nonexistence of a possible investigation."

Jefferies did not respond to CNBC's request for comment.

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Zions Bancorporation, N.A. (NASDAQ: ZION, ZIONP) resulting from allegations that Zions Bancorporation may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Zions Bancorporation, N.A. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46354 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On October 15, 2025, Zions Bancorporation, N.A. announced that it would be taking a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in light of “apparent misrepresentations and contractual defaults by the Borrowers and Obligors and other irregularities with respect to the Loans and collateral.” Zions Bancorporation, N.A. further disclosed that it would be engaging counsel to coordinate an independent review of the matter.

On this news, Zions Bancorporation, N.A. common stock fell 13.14% on October 16, 2025.

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

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

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

Contact Information:

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