Market Signal Briefing

Bitcoin (BTC) has underperformed in 2025, disappointing many investors who expected the world’s largest cryptocurrency to thrive amid concerns over fiat currency devaluation. Despite trading around $87,530, bitcoin has lagged behind both gold and the tech-heavy Nasdaq 100 index, trailing the latter by nearly 50% year-to-date. However, according to a senior executive at global asset manager VanEck, this underperformance could be laying the groundwork for a significant rebound in 2026.

David Schassler, head of multi-asset solutions at VanEck, said in the firm’s recently released 2026 outlook that bitcoin’s current dislocation relative to equities could position it as a top-performing asset next year. He noted that bitcoin’s weakness reflects a combination of softer risk appetite and tight liquidity conditions, rather than a breakdown in its long-term investment thesis. Historically, bitcoin has responded strongly when liquidity returns to the market, especially during periods of accelerating currency debasement.

Schassler emphasized that VanEck has been actively increasing its bitcoin exposure, signaling confidence in the digital asset’s future performance. His broader investment outlook is built around what he sees as a powerful convergence of monetary debasement, technological transformation, and rising demand for hard assets. As governments increasingly rely on money printing to fund future liabilities and political priorities, investors may continue shifting toward scarce stores of value such as bitcoin and gold.

Gold has already delivered exceptional returns, rising more than 70% this year and trading near $4,492 per ounce. Schassler expects the precious metal to climb further, potentially reaching $5,000 next year, extending its strong momentum. He also highlighted a quiet bull market developing in natural resources, driven by the infrastructure needs of artificial intelligence, energy transitions, robotics, and re-industrialization.

According to VanEck, these traditional or “old-world” assets are becoming increasingly important as they underpin the emerging global economic transformation. In this context, bitcoin’s current underperformance may prove temporary, with 2026 shaping up to be a pivotal year for the cryptocurrency as liquidity improves and investors seek protection against ongoing monetary debasement.

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Aave token holders are navigating a critical governance moment as the community debates a controversial token alignment proposal that aims to formalize the relationship between Aave Labs and the Aave DAO. The proposal has advanced from forum discussions to a Snapshot vote, giving AAVE token holders the final authority to decide its outcome. While supporters argue the move will strengthen accountability and long-term sustainability, critics warn it could undermine decentralization and concentrate power.

Proponents of the Aave governance proposal believe clearer role definitions between Aave Labs and the DAO will reduce operational risks that often arise when responsibilities are ambiguous. They argue that many leading DeFi protocols struggle or fail due to misaligned incentives, and that formal alignment can enhance execution without stripping token holders of decision-making power. The use of Snapshot voting is cited as evidence that governance remains decentralized, as the final decision rests with the community rather than core contributors.

However, opposition within the DAO has been vocal. Several members have raised concerns about the speed at which the proposal moved forward, suggesting there was insufficient time to reach broad consensus. Others fear that formalizing alignment could entrench influence among a small group of contributors or voting proxies, especially given the already uneven distribution of AAVE voting power visible on governance dashboards. These critics argue that further alignment risks eroding the DAO’s autonomy.

The debate has spilled into the market, with investors closely watching governance developments. AAVE price data from TradingView shows the token declined nearly 22% over the past week amid ongoing discussions, highlighting how governance uncertainty can impact market sentiment. Founder Stani Kulechov’s active participation in the debate has added another layer of scrutiny. While supporters view his involvement as necessary leadership during a complex transition, critics see it as excessive influence in a decentralized system. On-chain data indicates wallets linked to Kulechov recently increased their AAVE holdings, further fueling debate.

Ultimately, the token alignment proposal has positioned governance as a key risk factor in DeFi investing. Beyond the vote’s outcome, how Aave manages transparency, decentralization, and credibility during this process will shape investor confidence and the protocol’s long-term stability.

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Key Takeaways NVDA shares surged 36.6% this year, driven by AI demand for CUDA software and Blackwell and H200 chips. Micron expects Q2 FY26 revenue of $18.3B-$19.1B as AI-driven demand lifts high-bandwidth memory chips.BigBear.ai plans to buy Ask Sage for $250M, targeting $125M-$140M in full-year sales.
Shares of the most sought-after tech stock on Wall Street, NVIDIA Corporation (NVDA - Free Report) , have surged 36.6% this year amid the artificial intelligence (AI) boom. Ongoing demand for NVIDIA’s CUDA software platform, along with its competitive advantage in the AI hardware market, fueled growth. Demand for NVIDIA’s Blackwell chips remains strong, and the company plans to ship H200 AI chips to China ahead of the Lunar New Year holiday. 

However, escalating U.S.-China trade tensions remain a risk and could pose a meaningful threat to NVIDIA’s future growth trajectory. NVIDIA also faces intensifying competition from rivals, including Advanced Micro Devices, Inc. (AMD - Free Report) and Intel Corporation (INTC - Free Report) , as data center capital expenditures continue to rise.  

Therefore, investors may look beyond NVIDIA at stocks that have outperformed it this year and still offer upside as the AI boom continues. Notable among them are Micron Technology, Inc. (MU - Free Report) and BigBear.ai Holdings, Inc. (BBAI - Free Report) , whose shares have gained 228.8% and 43.6%, respectively, this year. Let’s take a closer look at why these stocks are compelling buys. 

 

Image Source: Zacks Investment Research

Reasons to Be Bullish on Micron Strong demand for Micron’s high-bandwidth memory (HBM) chips is expected to help the company deliver strong quarterly results. These chips have the inherent capacity to reduce power consumption and process large volumes of data. With AI infrastructure rapidly expanding, demand for HBM chips has accelerated.   

Banking on rising AI-led demand for HBM chips, Micron expects its revenues for the second quarter of fiscal 2026 to come in between $18.3 billion and $19.1 billion. The company reported revenues of $13.64 billion for the fiscal first quarter, up 56.8% year over year, according to investors.micron.com. Analysts had projected revenues of around $12.88 billion.    

Micron expects earnings per share (EPS) of $8.22 to $8.62 for the fiscal second quarter, with its cloud memory business unit expected to perform particularly well. Micron’s expected earnings growth rate for the next year is a solid 23.5%. 

Reasons to Be Bullish on BigBear.ai BigBear.ai’s shares were adversely impacted at the beginning of the year due to the Trump administration’s move to curb federal spending. Reduced funding may have affected BigBear.ai’s sales, but its top-line performance is expected to improve going forward, supported by the definitive $250 million agreement to acquire Ask Sage. 

Ask Sage is a fast-growing generative AI platform that has seen broad adoption, with users including the U.S. Space Force and the Defense Health Agency. It is designed for secure AI deployment in restricted fields such as defense and national security, according to ir.bigbear.ai. Ask Sage serves 100,000 users across 16,000 government teams, and with its acquisition, BigBear.ai expects full-year sales to reach $125 million to $140 million. 

Moreover, Trump’s “big, beautiful bill” could drive future growth for BigBear.ai, while the company’s robust cash position provides ample resources to support its expansion. The company reached a significant milestone toward profitability in the third quarter, and its expected earnings growth rate for the next year is a stellar 73.1%. 

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.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - Intrepid Metals Corp. (TSXV: INTR) (OTCQB: IMTCF) ("Intrepid" or the "Company") is pleased to announce that pursuant to its announcement on December 18, 2025, Teck Resources Limited ("Teck") has acquired, on a non-brokered private placement basis, 8,800,000 common shares in the capital of the Company (the "Common Shares") at a price of $0.45 per Common Share (the "Issue Price") for gross proceeds to the Company of $3,960,000 (the "Offering"), representing a 9.9% strategic equity interest in the Company on an outstanding basis.

Proceeds from the Offering will be used to complete an initial 24-month exploration and development program at Corral (the "Committed Program"). The Committed Program is expected to include, among other work programs, a 50 line-kilometre induced polarization ("IP") survey, geological mapping and geochemical sampling, metallurgical and permitting work, and follow-up drilling designed to expand known zones and test new targets identified by Intrepid's integrated, multi-dataset targeting. Intrepid anticipates additional mapping, geophysics, geochemical sampling and drilling at Corral in H2 2026.

The Company and Teck have concurrently entered into an investor rights agreement (the "Investor Rights Agreement"). Pursuant to the Investor Rights Agreement, and subject to customary conditions and ownership thresholds, Teck will have, among other rights: (i) participation rights in future equity financings to enable Teck to maintain its pro-rata interest in the Company for up to three years and, if exercised, to increase its ownership interest to up to 15% of the Company; (ii) the right to nominate two representatives to a four-person technical committee to provide technical oversight and collaboration with respect to the Corral Copper Project, with Teck holding a tie-breaking vote; (iii) certain information rights relating to the Corral Copper Project; and (iv) a right of first refusal, for a period of 30 months, on any proposed transfer of the Company's interest in the Corral Copper Project, subject to customary exclusions.

The Common Shares issued under the Offering are subject to a statutory hold period under applicable securities laws in Canada expiring four months and one day from today.

Haywood Securities Inc. is acting as financial advisor and Farris LLP is acting as legal counsel to the Company.

The Company acknowledges the significant contributions of Mr. Ken Engquist, whose early engagement and relationship-building efforts with Teck were instrumental in advancing discussions. During his tenure as CEO, Mr. Engquist initiated and led the Company's engagements with Teck and helped cultivate the strategic and technical dialogue that laid the groundwork for Teck's 9.9% investment at this early stage of project development. Intrepid appreciates Mr. Engquist's ongoing support of the Corral Copper Project as a Technical Advisor.

About Corral Copper

The Corral Copper Property, located near historical mining areas, is an advanced exploration and development opportunity in Cochise County, Arizona. Corral is located 15 miles east of the famous mining town of Tombstone and 22 miles north of the historic Bisbee mining camp which has produced more than 8 billion pounds of copper1. Production from the Bisbee mining camp, or within the district as disclosed in the next paragraph, is not necessarily indicative of the mineral potential at Corral.

The district has a mining history dating back to the late 1800s, with several small mines extracting copper from the area in the early 1900s, producing several thousand tons. Between 1950 and 2008, various companies explored parts of the district, but the effort was uncoordinated, non-synergistic and focused on discrete land positions and commodities due to the fragmented ownership. There is over 50,000m of historical drilling at Corral mainly centered on the Ringo, Earp and Holliday Zones and although this core has been destroyed, Intrepid has a historical digital drill hole archive database which the Company uses for the purposes of exploration targeting and drill hole planning. Intrepid, through ongoing exploration drilling and surface geological mapping, sampling and prospecting is increasing confidence in the validity of this data.

Intrepid is confident that by combining modern exploration techniques with historical data and with a clear focus on responsible development, the Corral Copper Property can quickly become an advanced exploration stage project and move towards development studies.

About Intrepid Metals Corp.

Intrepid Metals Corp. is a Canadian company focused on exploring for high-grade essential metals such as copper, silver, and zinc mineral projects in proximity to established mining jurisdictions in southeastern Arizona, USA. The Company has acquired or has agreements to acquire several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity with significant shallow historical drill results), the Tombstone South Project (within the historical Tombstone mining district with geological similarities to the Taylor Deposit, which was purchased for $1.3B in 20182, though mineralization at the Taylor Deposit is not necessarily indicative of the mineral potential at the Tombstone South Project) both of which are located in Cochise County, Arizona and the Mesa Well Project (located in the Laramide Copper Porphyry Belt in Arizona). Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSXV) under the symbol "INTR" and on the OTCQB Venture Market under the symbol "IMTCF". For more information, visit www.intrepidmetals.com.

INTREPID METALS CORP.

On behalf of the Company
"Mark Morabito"
Chairman & CEO

Notes

1 Information disclosed in this news release regarding the historic Bisbee Camp can be found on the Copper Queen Mine website, on the City of Bisbee website (www.bisbeeaz.gov/2174/Bisbee-History) and from Briggs, D.F., 2015, History of the Warren (Bisbee) Mining District, Arizona Geological Survey Contributed Report CR-15-b, 8 p.

2 Details regarding the sale of the Taylor Deposit can be found in South32 News Release dated October 8, 2018 (South32 completes acquisition of Arizona Mining).

Cautionary Note Regarding Forward-Looking Information

Certain statements contained in this release constitute forward-looking information within the meaning of applicable Canadian securities laws. Such forward-looking statements relate to: the potential of Corral; the actual use o proceeds raised from the Offering; the potential of Corral as an emerging copper asset in a highly prospective district; the potential for a porphyry discovery; the potential for previously unrecognized bulk-tonnage porphyry copper-gold discoveries close by; the exploration potential of the Corral Copper Property and the Company's other mineral projects; and potential future production.

In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, receipt of all necessary approvals for the Offering, including approval of the TSX Venture Exchange; the Company can raise additional financing to continue operations; the results of exploration activities, commodity prices, the timing and amount of future exploration and development expenditures, the availability of labour and materials, receipt of and compliance with necessary regulatory approvals and permits, the estimation of insurance coverage, and assumptions with respect to currency fluctuations, environmental risks, title disputes or claims, and other similar matters. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.

Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks inherent in the exploration and development of mineral deposits, including risks relating to the ability to access infrastructure, risks relating to the failure to access financing, risks relating to changes in commodity prices, risk related to unanticipated geological or structural formations and characteristics risks related to current global financial conditions, risks related to current global financial conditions and the impact of any future global pandemic on the Company's business, reliance on key personnel, operational risks inherent in the conduct of exploration and development activities, including the risk of accidents, labour disputes and cave-ins, regulatory risks including the risk that permits may not be obtained in a timely fashion or at all, financing, capitalization and liquidity risks, risks related to disputes concerning property titles and interests, environmental risks and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update or revise any forward-looking information.

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278975

Source: Intrepid Metals Corp.

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NEW YORK--(BUSINESS WIRE)--Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus Silvant Growth Opportunities ETF (NYSE Arca: VGRO) managed by Silvant Capital Management. VGRO is the 26th ETF offering from Virtus' multi-manager ETF platform, Virtus ETF Solutions. Virtus Silvant Growth Opportunities ETF utilizes bottom-up fundamental research analysis to identify companies they believe p.

Dallas, Texas--(Newsfile Corp. - December 23, 2025) - Armour Residential REIT, Inc. (NYSE: ARR): Stonegate Capital Partners initiates their coverage on Armour Residential REIT, Inc. (NYSE: ARR). The Company ended the quarter with revenues, net income to common, and diluted EPS of $210.2M, $156.3M, and $1.49. This was a year over year increase of 65.4%, 148.5% and 23.2% respectively. This was primarily driven by the strong growth in average interest income on interest earning assets while interest cost on average interest-bearing liabilities declined. Given the current macro environment, we expect this performance to be sustainable.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

Strong 19.3% annualized dividend yield, paid monthly Value play trading at a discount to Book Value 7.75% total economic return in the quarter

Click image above to view full announcement.

About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Contacts:

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278981

Source: Reportable, Inc.

, /PRNewswire/ - Nanalysis Scientific Corp. (the "Company" or "Nanalysis") (TSXV: NSCI, OTCQX: NSCIF, FRA: 1N1) is pleased to announce that it has closed the first tranche of its previously announced non-brokered private placement of units (the "Offering"), issuing an aggregate of 16,526,283 units of the Company (the "Units") at a price of $0.15 per Unit for gross proceeds of approximately $2.5 million. The net proceeds of the Offering will be used by the company for debt reduction as previously disclosed in the December 8, 2025 press release. The company expects to close the second tranche of the Offering in January, 2026.  

Additionally, the Company is pleased to announce that due to strong investor demand, the Company has increased the size of the Offering. The Company will now issue up to an additional 23,333,333 Units at a price of $0.15 per Unit for aggregate gross proceeds of up to $3,500,000. The upsize of the offering remains subject to approval of the TSX Venture Exchange. Additional proceeds will also be used for debt reduction as well as magnet inventory purchases. The Company may pay a finder's fee of up to 5% on parts of proceeds of the Offering in relation to purchasers introduced to the Company by registered investment advisors, payable in cash.

Each Unit consists of one common share of the Company (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder to acquire one additional Share at an exercise price of $0.20 per Share at any time up to 4:00 p.m. (Calgary time) on or before the date that is two years from the applicable closing date. The Warrants are subject to an acceleration provision whereby, if the closing price of the Shares on the TSX Venture Exchange equals or exceeds $0.30 for any 10 consecutive trading days, the Company may accelerate the expiry date of the Warrants to the date that is 30 days after the Company provides notice of or issues a press release announcing such acceleration.

In connection with the first tranche of the Offering, the Company paid an aggregate of $1,500 in cash commission finder's fees to Haywood Securities Inc. The first tranche of the Offering remains subject to final acceptance of the TSX Venture Exchange. All securities issued under the first tranche are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws. As previously disclosed, the Company anticipates completing one or more additional tranches of the Offering, subject to market conditions and regulatory approvals.

Sean Krakiwsky, an insider of the Company, subscribed for $52,500 under the first tranche of the Offering. The insider participation for 350,000 Units constitutes a "related party transaction" within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation and minority shareholder approval requirements under sections 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, on the basis that the fair market value of the insider's participation does not exceed 25% of the Company's market capitalization.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any securities, and there will be no sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Nanalysis Scientific Corp. (TSXV: NSCI, OTCQX: NSCIF, FRA: 1N1)

Nanalysis Scientific Corp. develops and manufactures portable Nuclear Magnetic Resonance (NMR) spectrometers used worldwide in pharma, biotech, energy, food, materials, and security industries, as well as in academic and government labs. The Company also operates a growing services division that maintains both its own products and third-party imaging equipment, anchored by a $160 million long-term contract with the Canadian Air Transport Security Authority (CATSA) to maintain security scanners at more than 80 Canadian airports.

Notice regarding Forward Looking Information and Legal Disclaimer

This news release contains certain "forward-looking statements" within the meaning of such statements under applicable securities law. Forward-looking statements are frequently characterized by words such as "anticipates", "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed", "positioned" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

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

SOURCE Nanalysis Scientific Corp.

San Diego, California--(Newsfile Corp. - December 23, 2025) - Robbins Geller Rudman & Dowd LLP is investigating potential violations of U.S. federal securities laws involving Ardent Health, Inc. (NYSE: ARDT) focused on whether Ardent Health and certain of its executives made false and/or misleading statements and/or failed to disclose material information to investors.

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

https://www.rgrdlaw.com/cases-ardent-health-inc-investigation-ardt.html

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

THE COMPANY: Ardent Health is a provider of healthcare in growing midsize urban communities across the United States. On July 18, 2024, Ardent Health raised $192 million in its initial public offering, selling 12 million shares of its common stock for $16 per share.

THE REVELATION: On November 12, 2025, Ardent Health announced its third quarter 2025 earnings, revealing that it had missed consensus estimates due in large part "payor denials [that] were more pronounced" and "an adjustment of $54 million attributable to the emergence of adverse prior period claim developments with respect to recent settlements and ongoing litigation arising from a limited set of claims between 2019 and 2022 in New Mexico for a single provider who the Company no longer employs, as well as consideration of broader industry trends, including social inflationary pressures." Regarding the payor shortfall, CFO Alfred Lumsdaine further announced that Ardent Health had implemented a "change in accounting estimate" that required Ardent Health to "recognize[] reserves earlier in an account's life cycle." As a result, Ardent Health reduced revenue in the quarter by $43 million.

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

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

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

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

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278935

Source: Robbins Geller Rudman & Dowd LLP

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Apple will allow other app stores besides its own in the tech giant's iOS operating system in Brazil to settle a three-year case with the country's antitrust regulator CADE, both parties said on Tuesday.

, /PRNewswire/ -- CCSC Technology International Holdings Limited (the "Company" or "CCSC") (Nasdaq: CCTG), a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products, including connectors, cables and wire harnesses, today announced its unaudited financial results for the first six months of fiscal year 2026 ended September 30, 2025.

Mr. Kung Lok Chiu, Chief Executive Officer and Director of the Company, commented, "The six months ended September 30, 2025 demonstrated the resilience of our business and the continued strength of our core operations. During the period, we maintained a gross profit margin of 29.2%, supported by cost management across our operations. Cost of revenue and operating expenses both declined compared to the prior year, reflecting our continued focus on operational efficiency and expense control.

In October 2025, we completed a US$7.06 million follow-on public offering, which provided the resources to advance our long-term growth strategy. Building on this momentum, we plan to commence construction of our new supply chain management center in Serbia in January 2026, and we currently expect to complete the project in the fourth quarter of 2026. Once completed, this center is expected to serve as a logistics and manufacturing hub for our supply chain operations in Europe and to enhance our ability to support customers across the region with greater efficiency and responsiveness.

Looking ahead, we aim to remain focused on product innovation, operational execution, and disciplined investment, and we are committed to delivering high quality, customized interconnect solutions to our customers."

Six Months Ended September 30, 2025 Financial Summary

Revenue was US$8.47 million for the six months ended September 30, 2025, compared to US$9.22 million for the same period of last year.
Gross profit was US$2.48 million for the six months ended September 30, 2025, compared to US$2.75 million for the same period of last year.
Gross profit margin was 29.2% for the six months ended September 30, 2025, compared to 29.8% for the same period of last year.
Net loss was US$0.97 million for the six months ended September 30, 2025, compared to US$0.74 million for the same period of last year.
Basic and diluted loss per share was US$0.08 for the six months ended September 30, 2025, compared to US$0.06 for the same period of last year.

Six Months Ended September 30, 2025 Financial Results

Revenue

Total revenue was US$8.47 million for the six months ended September 30, 2025, which decreased by 8.2% from US$9.22 million for the same period of last year.

The following table sets forth revenue by interconnect products: 

For the six months ended September 30,

Change

2025

%

2024

%

Amount

%

(Amounts expressed in U.S. dollars)

Cable and wire harness

$

7,830,157

92.5

$

8,604,502

93.3

$

(774,345)

(9.0)

Connectors

635,431

7.5

613,957

6.7

21,474

3.5

Total

$

8,465,588

100.0

$

9,218,459

100.0

$

(752,871)

(8.2)

Revenue generated from cables and wire harnesses decreased by 9.0%, to US$7.83 million for the six months ended September 30, 2025, from US$8.60 million for the same period of last year. Revenue generated from connectors increased by 3.5%, to US$0.64 million for the six months ended September 30, 2025, from US$0.61 million for the same period of last year.

The decrease in revenue was primarily attributable to the decrease of sales volume, which was partially offset by an increase of the overall average selling prices of the Company's cables and wire harness products. The reduction in demand was principally attributable to a major customer's reduced order volumes during its transition from discontinued product models to new products that remain in the development phase, as the Company's cables and wire harnesses are customized to the customer's product designs. The Company's subsidiaries manufacture cables and wire harnesses based on customer-specific orders. Our subsidiaries do not have a practice of holding excessive levels of inventory related to the customer's discontinued products, and do not have manufacturing assets or production lines that have been established solely for any specific product specification. Accordingly, we concluded that no indicators of inventory obsolescence or asset impairment existed as of September 30, 2025.

The following table sets forth the disaggregation of revenue by regions:

For the six months ended September 30,

Change

2025

%

2024

%

Amount

%

(Amounts expressed in U.S. dollars)

Europe

$

4,971,949

58.8

$

5,626,272

61.0

$

(654,323)

(11.6)

Asia

2,896,950

34.2

2,736,289

29.7

160,661

5.9

Americas

596,689

7.0

855,847

9.3

(259,158)

(30.3)

Others

-

-

51

-

(51)

(100.0)

Total

$

8,465,588

100.0

$

9,218,459

100.0

$

(752,871)

(8.2)

Revenue generated from Europe decreased by 11.6%, to US$4.97 million for the six months ended September 30, 2025, from US$5.63 million for the same period of last year. The decrease was primarily due to a decrease of sales in Denmark of US$0.69 million and Bulgaria of US$0.19 million, partially offset by an increase of sales in the U.K. of US$0.14 million and Hungary of US$0.12 million. The decline in Denmark was mainly attributable to a major customer placing fewer orders while transitioning from discontinued products to new products still under development, with the Company's cables and wire harnesses customized for the customer's products.

Revenue generated from Asia increased by 5.9%, to US$2.90 million for the six months ended September 30, 2025, from US$2.74 million for the same period of last year. The increase was primarily driven by a sales increase in Mainland China of US$0.35 million, a sales increase in Association of Southeast Asian Nations of US$0.10 million, mainly due to higher demand from certain customers in Malaysia for components used in automation products, and partially offset by a sales decrease in Hong Kong, China of US$0.28 million.

Revenue generated from the Americas decreased by 30.3%, to US$0.60 million for the six months ended September 30, 2025, from US$0.86 million for the same period of last year, which was primarily due to a sales decrease in North America of US$0.27 million. The decline was largely attributable to higher U.S. tariffs, which led certain customers to gradually shift to local suppliers in order to mitigate their tax exposure.

Revenue from other regions was mainly derived from Australia.

Cost of Revenue

Cost of revenue decreased by 7.4%, to US$5.99 million for the six months ended September 30, 2025, from US$6.47 million for the same period of last year. The decrease was primarily due to a decrease in inventory costs and labor costs.

Inventory costs amounted to US$4.14 million for the six months ended September 30, 2025, compared to US$4.44 million for the same period of last year. The decrease in inventory costs was primarily due to a 14.1% decrease in the total sales volume and partially offset by an 8.8% increase in inventory cost per unit.

Labor costs amounted to US$1.37 million for the six months ended September 30, 2025, compared to US$1.52 million for the same period of last year. The decrease in labor costs was mainly attributable to lower production volumes driven by decreased sales.

Gross Profit and Gross Profit Margin

Gross profit decreased by 9.9%, to US$2.48 million for the six months ended September 30, 2025, from US$2.75 million for the same period of last year.

Gross profit margin was 29.2% for the six months ended September 30, 2025, compared with 29.8% for the same period of last year. The decrease was primarily due to an increase in fixed cost per unit as a result of a decrease in total sales volume.

Operating Expenses

Operating expenses decreased by 3.3%, to US$3.44 million for the six months ended September 30, 2025, from US$3.55 million for the same period of last year. The decrease was mainly due to (i) a decrease of US$0.08 million in selling expenses, including a decrease of US$0.09 million in exhibition expenses, as the Company reduced exhibition activities and focused on direct customer outreach to develop the market, partially offset by an increase of US$0.03 million in travelling expenses, reflecting additional on-site customer visits to support market development, and (ii) a decrease of US$0.03 million in general and administrative expenses, including a decrease of US$0.06 million in salaries and benefits due to the absence of non-recurring initial public offering-related bonus and celebration expenses incurred in the prior period, partially offset by an increase of US$0.02 million in depreciation and amortization.

Other Expenses

Other expenses decreased by 9.9%, to US$0.12 million for the six months ended September 30, 2025, from US$0.13 million for the same period of last year, primarily attributable to a decrease of US$0.14 million in government subsidy resulting from the absence of the non-recurring "Little Giant" award received in the prior period, and partially offset by a decrease of US$0.10 million in foreign currency exchange losses.

Income Tax Benefit

Income tax benefit decreased by 44.8%, to US$0.11 million for the six months ended September 30, 2025, from US$0.19 million for the same period of last year, which was primarily due to the lower losses incurred by the Company's Hong Kong subsidiary, CCSC Interconnect Technology Limited, for the six months ended September 30, 2025.

Net Loss

Net loss increased by 30.5%, to US$0.97 million for the six months ended September 30, 2025, from US$0.74 million for the same period of last year.

Basic and Diluted Loss per Share

Basic and diluted loss per share was US$0.08 for the six months ended September 30, 2025, compared to US$0.06 for the same period of last year.

Financial Condition

As of September 30, 2025, the Company had cash of US$2.81 million, compared to US$3.69 million as of March 31, 2025.

Net cash used in operating activities was US$0.41 million for the six months ended September 30, 2025, compared to US$1.12 million for the same period of last year.

Net cash used in investing activities was US$0.48 million for the six months ended September 30, 2025, compared to US$0.67 million for the same period of last year.

There were no cash outflows from financing activities for the six months ended September 30, 2025 and 2024.

About CCSC Technology International Holdings Limited

CCSC Technology International Holdings Limited, is a Hong Kong-based company that engages in the sale, design and manufacturing of interconnect products. The Company specializes in customized interconnect products, including connectors, cables and wire harnesses that are used for a range of applications in a diversified set of industries, including industrial, automotive, robotics, medical equipment, computer, network and telecommunication, and consumer products. The Company produces interconnect products under both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) models for manufacturing companies that produce end products, as well as electronic manufacturing services companies that procure and assemble products on behalf of such manufacturing companies. The Company has a diversified global customer base located in more than 25 countries throughout Asia, Europe and the Americas. For more information, please visit the Company's website: http://ir.ccsc-interconnect.com. 

Forward-Looking Statements

Certain statements in this press release are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "may," "will," "could," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "propose," "potential," "continue," or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statements and other filings with the United States Securities and Exchange Commission.

For more information, please contact:

CCSC Technology International Holdings Limited
Investor Relations Department
Email: [email protected]

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: [email protected]

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in U.S. dollars, except for number of shares)

As of September 30,

As of March 31,

2025

2025

(Unaudited)

Assets

Current assets:

Cash

$

2,814,898

$

3,685,043

Restricted cash

10,283

9,413

Accounts receivable

2,803,083

2,495,301

Inventories

1,916,517

1,761,880

Prepaid expenses and other current assets

1,012,463

1,066,032

Total current assets

8,557,244

9,017,669

Non-current assets:

Property, plant and equipment, net

820,824

853,959

Intangible assets, net

98,553

83,906

Operating right-of-use assets, net

988,983

1,106,024

Finance lease right-of-use assets, net

171,220

194,478

Deferred tax assets, net

671,319

558,683

Other non-current assets

3,933,614

3,510,363

Total non-current assets

6,684,513

6,307,413

TOTAL ASSETS

$

15,241,757

$

15,325,082

Liabilities and Shareholders' Equity

Current liabilities:

Accounts payable

$

2,394,097

$

1,819,647

Advance from customers

286,301

141,737

Accrued expenses and other current liabilities

1,414,073

1,345,210

Taxes payable

28,050

21,916

Operating lease liabilities, current

494,005

473,116

Finance lease liabilities, current

37,651

36,277

Total current liabilities

4,654,177

3,837,903

Non-current liabilities:

Operating lease liabilities, non-current

495,750

633,249

Finance lease liabilities, non-current

109,001

127,834

Total non-current liabilities

604,751

761,083

TOTAL LIABILITIES

$

5,258,928

$

4,598,986

Commitments and Contingencies

—

—

Shareholders' equity

Class A ordinary shares, par value of $0.0005 per share; 495,000,000 shares authorized, 6,581,250 shares issued and outstanding as of September 30, 2025 and March 31, 2025

$

3,291

$

3,291

Class B ordinary shares, par value of $0.0005 per share; 5,000,000 shares authorized, 5,000,000 shares issued and outstanding as of September 30, 2025 and March 31, 2025

2,500

2,500

Additional paid-in capital

4,855,795

4,855,795

Statutory reserve

813,235

813,235

Retained earnings

6,110,175

7,081,318

Accumulated other comprehensive loss

(1,802,167)

(2,030,043)

Total shareholders' equity

9,982,829

10,726,096

TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY

$

15,241,757

$

15,325,082

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF

 OPERATIONS AND COMPREHENSIVE LOSS

(Amounts in U.S. dollars, except for number of shares)

For the six months ended September 30,

2025

2024

Net revenue

$

8,465,588

$

9,218,459

Cost of revenue

(5,990,079)

(6,470,715)

Gross profit

2,475,509

2,747,744

Operating expenses:

Selling expenses

(667,073)

(752,926)

General and administrative expenses

(2,436,926)

(2,468,416)

Research and development expenses

(331,097)

(332,155)

Total operating expenses

(3,435,096)

(3,553,497)

Loss from operations

(959,587)

(805,753)

Other expenses:

Other non-operating income/(expenses), net

32,306

(34,766)

Government subsidy

-

138,845

Foreign currency exchange losses

(139,017)

(241,996)

Financial and interest (expenses)/income, net

(10,712)

7,530

Total other expenses

(117,423)

(130,387)

Loss before income tax benefit

(1,077,010)

(936,140)

Income tax benefit

105,867

191,820

Net loss

(971,143)

(744,320)

Other comprehensive income

Foreign currency translation adjustment

227,876

295,194

Total comprehensive loss

$

(743,267)

$

(449,126)

Loss per share*

Basic and Diluted

$

(0.08)

$

(0.06)

Weighted average number of ordinary shares

Basic and Diluted

11,581,250

11,581,250

*Basic and diluted loss per share are the same for Class A ordinary shares and Class B ordinary shares.

CCSC TECHNOLOGY INTERNATIONAL HOLDINGS LIMITED

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Amounts in U.S. dollars, except for number of shares)

For the six months ended
September 30,

2025

2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net loss

$

(971,143)

$

(744,320)

Adjustments to reconcile net loss to net cash used in operating activities:

Inventory write-downs

42,909

108,257

Depreciation and amortization

121,848

108,167

Amortization of right-of-use asset

286,341

259,582

Loss from disposal of property, plant and equipment

2,216

1,497

Deferred tax benefit

(105,867)

(191,820)

Foreign currency exchange losses

129,038

189,653

Changes in operating assets and liabilities:

Accounts receivable

(298,246)

(479,077)

Inventories

(157,316)

(10,449)

Prepaid expenses and other current assets

72,340

(221,742)

Other non-current assets

18,025

54,925

Accounts payable

538,199

336,256

Advance from customers

143,723

(56,965)

Taxes payable

4,528

1,453

Accrued expenses and other current liabilities

43,876

(223,442)

Operating lease liabilities

(262,338)

(250,801)

Financing lease liabilities

(17,794)

(2,208)

Net cash used in operating activities

(409,661)

(1,121,034)

CASH FLOWS FROM INVESTING ACTIVITIES

Purchase of property, plant and equipment

(14,481)

(44,006)

Prepayments for long-term equipment and mold models 

(431,678)

-

Purchase of land

-

(539,513)

Purchase of intangible assets

(34,878)

(83,346)

Net cash used in investing activities

(481,037)

(666,865)

CASH FLOWS FORM FINANCING ACTIVITIES

Net cash used in financing activities

-

-

Effect of exchange rate changes on cash and restricted cash

21,423

52,580

Net change in cash and restricted cash

(869,275)

(1,735,319)

Cash and restricted cash, beginning of the period

3,694,456

5,734,747

Cash and restricted cash, end of the period

$

2,825,181

$

3,999,428

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:

Cash paid for interest

$

(4,667)

$

-

Supplemental disclosure of non-cash investing and financing activities:

Right-of-use assets obtained in exchange for operating lease obligations

$

134,295

$

-

Increase in accrued expenses and other liabilities related to intangible asset acquisitions

$

(3,216)

$

-

Purchase of property, plant and equipment included in accrued expenses and other liabilities

$

(3,426)

$

-

SOURCE CCSC Technology International Holdings Limited

Analyst’s Disclosure:I/we have a beneficial long position in the shares of PEP 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.

// Price

Reading time: 2 min

Published: Dec 23, 2025 at 19:16

The Hyperliquid (HYPE) price has fallen close to the projected level.

Hyperliquid price long-term analysis: bearish

HYPE reached a low of $22.44 before recovering. According to the price indicator, the cryptocurrency is expected to reach the 2.0 Fibonacci extension level, or the $20.49 low.

Today, the altcoin is rising after hitting a low of $22. In other words, the altcoin is trading above the $22 support but below the moving average lines.

However, the price movement has stalled at the $26 high. Further upward movement for the altcoin is unlikely. On the downside, if the bears break below the $22 support, the altcoin will fall to the projected price level of $20. HYPE is trading at $24.74.

Technical Indicators: 

Resistance Levels – $60 and $70

Support Levels – $40 and $30

Hyperliquid price indicator analysis

The 21-day SMA and the 50-day SMA are sloping downwards, indicating a decline. The price bars are positioned between the downward-sloping moving average lines. The price is caught between the moving average lines, suggesting a likely range-bound move for the coin.

What is the next direction for HYPE?

The 4-hour chart shows that HYPE is declining but remains caught between the moving average lines. The cryptocurrency price is trading above the 21-day SMA support but below the 50-day SMA level. Selling pressure will return if the price falls below the 21-day SMA support. HYPE will test the previous low of $22. If the altcoin breaks below the current support, it will reach the anticipated price of $20.

Disclaimer. This analysis and forecast are the personal opinions of the author. The data provided is collected by the author and is not sponsored by any company or token developer. This is not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by Coinidol.com. Readers should do their research before investing in funds.

TL;DR

Bitcoin miners are under financial strain as their reserves decline to 1.806 million BTC.
Data shows miners are receiving far fewer coins from exchanges, indicating reduced liquidity.
High mining difficulty persists despite falling prices, squeezing profit margins.

The Bitcoin mining sector is showing renewed signs of financial strain as miner-held reserves continue to decline, reaching 1.806 million BTC, according to data from CryptoQuant. The trend reflects a steady reduction throughout the second half of 2025, as miners appear to be liquidating portions of their holdings to sustain operations amid weakening prices.

Unlike abrupt sell-offs seen in prior cycles, the drawdown has been gradual and structural, suggesting a response to shrinking profit margins rather than panic. Historically, such behavior arises when mining costs exceed revenue, forcing operators to liquidate reserves to cover energy and maintenance expenses.

While lower reserves can reduce available on-chain supply, they also highlight a sector under pressure, where many operators are struggling to maintain cash flow in a less profitable environment.

Exchange-to-Miner Flows Hit Multi-Month Lows
A second dataset from CryptoQuant, tracking Exchange-to-Miner Transactions, provides further evidence of stress. The report shows miners are receiving fewer coins from exchanges than earlier in the year, with inflows dropping from over 2,000 BTC per day to between 400 and 700 BTC in recent weeks.

Declining inflows indicate three critical trends: miners are no longer accumulating, they are relying on existing reserves, and they are operating with limited liquidity as market conditions tighten. The combination of falling reserves and shrinking inflows suggests that many mining firms are now working with thinner financial buffers than they had earlier in the cycle.

Difficulty Stays High While Prices Drop
Additional data from Glassnode adds context to the mounting pressure. Bitcoin’s mining difficulty remains close to its historical peak near 660 zettahashes, despite the token’s price retreating from above $120,000 to around $88,000.

This disparity between difficulty and market price has created one of the most stressful operating environments for miners in recent history. When difficulty remains elevated, operational costs stay high, while declining prices reduce revenue. The resulting margin compression forces miners to either cut capacity, sell reserves, or shut down less efficient rigs.

Periods where mining difficulty remains high while prices fall have often preceded miner capitulation events, where weaker participants exit the market through forced sales or restructuring.

What It Means for Bitcoin’s Market Outlook
Combined data from CryptoQuant and Glassnode point to a widening gap between mining revenue and operational costs. Should Bitcoin remain below $90,000, miners may be compelled to liquidate more reserves, scale down production, or move operations to lower-cost regions to stay solvent.

Although a mass capitulation is not yet confirmed, the ongoing contraction signals an industry under growing liquidity stress. A strong price rebound could alleviate the pressure quickly, but without such relief, miner selling activity could increase, adding potential headwinds to Bitcoin’s short-term market performance.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017,
aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy,
our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a
rigorous Review Methodology when evaluating exchanges and tools. From emerging
blockchain projects and coin launches to industry events and technical developments, we cover
all facets of the digital asset space with unwavering commitment to timely, relevant information.

AAVE token holders are going through a critical stage of governance as they consider a token alignment proposal. However, the move has attracted the attention of investors as there has been intense debate between critics and proponents of the step.

Inside the Aave Governance Divide
The proposal was meant to formalize a relationship between Aave Labs and the Aave DAO according to official forums. The discussion also advanced the Aave DAO alignment proposal from debate into a Snapshot vote, which granted power of a final decision to token holders.

According to its proponents, the enhanced clarity will facilitate better implementation and responsibility. The proposal noted that top protocols can experience operational risks and are likely to collapse when roles are not clearly defined.

However, through the establishment of ownership and incentives, supporters of the proposal are confident that friction would be minimized and the sustainability would be enhanced in the long term.

Is It Possible For Aave To Balance Alignment And Decentralization?
Proponents claim that the process of governance is not destroyed. They argue that Snapshot voting is a revelation that has seen token holders, not just Aave Labs, to have ultimate say. Broader market unease has followed the debate, echoing concerns about the Aave protocol and token price crash.

Under this perspective, alignment institutionalizes the existing relationships rather than substituting the decentralization of decision-making. Other concerns were made by DAO members.

The timing and pace of development of the proposal were also questioned by forum members. Others claim that the procedure did not allow much time for a wider agreement.

Some caution that formal alignment may end up putting power into the hands of a few contributors and proxies. Voting power is already unevenly distributed as evidenced by the governance dashboards. Opponents argue that additional alignment is risky as it undermines the autonomy of DAO.

These conflicting opinions point to a more expansive conflict in DeFi governance. With the maturity of protocols, leadership and coordination are required for proper operational execution. Still, token holders seek decentralization that can provide meaningful participation.

Aave Price Response to Governance Debate
The token price behavior indicates that investors are keeping a close observation of events in the ecosystem. According to TradingView, AAVE price has dropped by almost 22% during the last week following continued debates about the proposal.

The founder’s involvement attracting interest. The records on the forum indicate that Stani Kulechov took part in the deliberation of the proposal. According to his supporters, his involvement shows an act of leadership during a complex situation.

However, critics warn that such an involvement can only be interpreted as too much influence in a so-called decentralized system. It can also be seen through on-chain data that Stani Kulechov just increased his AAVE holdings.

Is Governance Now a DeFi Risk Factor?
Arkham showed that wallets associated with Kulechov purchased additional AAEE within recent sessions, despite an increased discussion about the token alignment proposal.

For investors, the vote is not the matter of concern. The bigger question is how Aave can achieve governance credibility after this internal tension. Regardless of the success or failure of the proposal, the process will predetermine investor attitudes towards the long-term stability of Aave

With the evolution of DeFi, investors are paying focus on governance decisions more closely. The token alignment proposal by Aave reveals that its DAO dynamics has become a more significant factor in risk analysis by investors.

Macro conditions, not Bitcoin halvings, drive the market’s most extreme price swings, analysis finds.

Market Sentiment:

Bullish

Bearish

Neutral

Published:
December 23, 2025 │ 7:00 PM GMT

Created by Kornelija Poderskytė from DailyCoin

Bitcoin’s most dramatic price surges appear to be more closely linked to global macroeconomic liquidity conditions than to its programmed halving schedule, according to a new statistical analysis shared by Bitcoin analyst and PhD Sminston.

The analysis challenges one of the industry’s most persistent narratives: that Bitcoin’s four-year halving cycle is the main driver behind its largest bull markets. 

Sponsored

Instead, it points to global economic expansion and the availability of liquidity as the primary forces behind Bitcoin’s most extreme price fluctuations.

You may not like that Bitcoin bubbles are tied-in to the Macro cycles, but no matter how you skin it, it appears to be a strong driver.
– – –
Just take a look at THIS – BTC price has NEVER done more than a 2.5x off its power law support line when PMI was below 50 (contraction).… pic.twitter.com/q8k5k7cuhZ

— Sminston With 👁 (@sminston_with) December 22, 2025
PMI Data Shows Clear Thresholds for Bitcoin SpeculationAt the center of the analysis is the ISM Manufacturing Purchasing Managers’ Index (PMI), a widely followed indicator of economic activity. PMI readings above 50 signal expansion, while readings below 50 indicate contraction.

Historical data shows that Bitcoin has never traded more than roughly 2.5 times above its long-term power-law support trend during periods of economic contraction (PMI below 50). In contrast, during periods when PMI is rising sharply, Bitcoin has frequently moved far beyond that level.

In the strongest macro environments, Bitcoin has historically traded five, ten, or even fifteen times above its support line, with the largest multiples appearing during periods of exceptionally loose global financial conditions.

Statistical Evidence of the Macro LinkSminston tested the relationship statistically by comparing PMI readings with how far Bitcoin’s price moves above its long-term support trend. 

The results indicate a strong and reliable connection, showing that Bitcoin’s biggest bubbles are closely aligned with macroeconomic expansion rather than occurring by chance.

“Halving cycles are nonsense. Let’s use some parsimony, people; Bitcoin bubbles expand more when the economy is expanding,” says Smiston.

Why This MattersSminston’s analysis challenges the common belief that Bitcoin’s halving cycles drive bull markets.  Many voices on Crypto Twitter emphasize Bitcoin halvings, on-chain activity, and adoption trends as the main drivers of price surges. Sminston’s findings suggest that macro liquidity conditions are a far more significant factor in explaining Bitcoin’s most extreme price moves.

Dig into DailyCoin’s top crypto scoops:
Bitcoin Cash Slams Four-Year Ceiling, Pundit Maps Path To $960
Trader Falls Victim to $50M Address Poisoning Attack

People Also AskWhat is a Bitcoin “bubble”?

A Bitcoin bubble refers to periods when the price rises far above its long-term trend, often fueled by speculation and high investor demand.

What are Bitcoin halving cycles?

Halvings are programmed events that occur roughly every four years, reducing the rate at which new Bitcoin is created. They are often thought to influence price.

What is the ISM Purchasing Managers’ Index (PMI)?

The ISM PMI is an economic indicator that measures the health of the U.S. manufacturing sector. A reading above 50 signals growth, while below 50 signals contraction.

How does PMI relate to Bitcoin?

Analyses suggest Bitcoin’s largest price surges occur when PMI indicates economic expansion, linking macro liquidity conditions to speculative activity.

Does this mean Bitcoin halvings are irrelevant?

Halvings still reduce supply and may influence price over the long term, but studies suggest macroeconomic conditions have a stronger impact on extreme price rallies.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

0% Neutral

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

XRP price trades below the $2 mark after the latest correction across the broader cryptocurrency market. Recent data shows the XRP Ledger has processed over four billion total transactions, drawing fresh attention from traders. 

Analysts observe that in case there is any improvement in the general market sentiment, the trend is constructive despite slight selling pressure.

The crypto market fell by 1.7% within 24 hours, and Bitcoin and Ethereum also dropped. The wider market rally might help XRP to rebound in the short run. Investors are still hesitant in volatility.

XRP Price Gains as Spot ETFs Buy $1.12B in Five Weeks
XRP price gained fresh institutional attention as U.S. spot ETFs recorded heavy inflows during the past five weeks. According to the data provided by market trackers, around $1.12 billion in tokens were bought by ETFs that concentrate on XRP.

Available figures show that the buying activity is sustained demand and not inflow spike.

BREAKING: 🇺🇸 XRP spot ETFs have bought $1.12 billion worth of $XRP in just 5 weeks. pic.twitter.com/8P15xl78wL

— Ash Crypto (@AshCrypto) December 23, 2025

The net inflows have escalated until the end of November and December to bring the total ETF assets to over a billion dollars.

The inflows were the highest in a number of sessions even when the XRP was at the level of $1.90.

The trend is taken by market participants as a signal that institutional exposure to XRP-linked products is on the rise.

XRP Ledger Passes Four Billion Transactions
The publicly distributed data showed that XRP has reached a significant network milestone, with the total transactions on the ledger surpassing four billion. The update appeared in the industry coverage and remarks of the chief technology officer at Ripple.

🚨XRP SURPASSES 4 BILLION TRANSACTIONS

Ripple’s CTO says “don’t judge XRP by price,” pointing to XRP’s 4 billion transactions as proof of real adoption driven by fast, low-fee settlements. pic.twitter.com/nGJfycyTT2

— Coin Bureau (@coinbureau) December 23, 2025

According to him, price movement should not be used to measure XRP only, citing transaction growth as a real use. XRP Ledger continues to process the settlements at high speed and low cost, which contributes to its use in payment and infrastructure operations. The adoption of networks is stable in cycles.

Key Levels To Watch For XRP Price
The XRP price hovered at $1.88 after testing the $1.80 support level on the 4-hour chart. Ripple price action stayed range-bound between $1.80 and $2.00, suggesting a consolidation phase. 

Source: XRP/USD 4-hour chart: Tradangview
Sellers remain active below the $2.00 resistance, while buyers defend the $1.80 support zone. A breakout above $2.00 could open the path toward the $2.20 resistance level.

The Relative Strength Index (RSI) stands at 43, indicating low buying momentum below the 50-neutral zone. In the meantime, the MACD lines have crossed bearish, which suggests the risk to the downside.

Frequently Asked Questions (FAQs)

Sellers are active near $2.00, and broader market weakness limits upside momentum.

The XRP Ledger recently surpassed 4 billion total transactions, marking a major usage milestone.

TLDR

DOGE is currently trading at $0.13, operating in a decisive technical zone that will define its short-term trend.
Analyst Kevin identifies $0.138 as the macro inflection point where the 0.382 Fibonacci and the 200-week moving average converge.
Reclaiming this level directly depends on Bitcoin successfully reconquering the $88,000 to $91,000 range.

Dogecoin is at a technical crossroads, keeping investors on edge. At the time of writing, the asset was trading near $0.13, dangerously positioned above a critical support level. According to technical analyst Kevin, the survival of the bullish structure depends on an immediate reaction from buyers.

A reclaim of .138 for #Dogecoin on 3D-1W closes would put it back above the macro .382 and the 200W SMA. This would be a major positive and could would likely be in tandem with #BTC reclaiming the 88K-91K zone which needs to happen. For now #DOGE continues to mingle around in… pic.twitter.com/XMTgF3AWfU

— Kevin (@Kev_Capital_TA) December 22, 2025

For market confidence to return, DOGE must reclaim $0.138. This value is not arbitrary; it represents the confluence of two heavyweight indicators: the 0.382 macro Fibonacci retracement and the 200-week simple moving average (SMA). However, the analyst warns that an intraday move is not enough; a solid close on the three-day and weekly charts is required to confirm the reversal.

Bitcoin’s Role in DOGE’s Decision Zone

Kevin has identified a broader decision range, situated between $0.127 and $0.143. Generally, maintaining support within this margin has preceded significant bullish continuations. Nevertheless, if the weekly RSI falls below 40 at this critical Dogecoin support level, the trend could remain bearish for a prolonged period.

Despite the individual analysis of the memecoin, the ultimate catalyst remains the pioneer crypto. The expert emphasizes that DOGE’s fate is tied to Bitcoin’s health. Currently, BTC faces difficulties after being rejected multiple times at its four-hour moving averages, trading around $87,696.

If the market-leading crypto fails to break the $91,000 barrier, it is unlikely that the critical Dogecoin support level will act as a springboard. For now, the market is watching whether this “DCA zone” (Dollar Cost Averaging) will serve for a new breakout or if, on the contrary, it will mark the beginning of a deeper correction toward annual lows.

XRP is under pressure as broad market weakness and aggressive whale selling push the crypto into a deeper short-term decline.

According to CoinMarketCap data, XRP fell 2.06% over the past 24 hours, underperforming the crypto market’s 3.2% drop and extending its monthly losses to roughly 14%.

Several factors are weighing on price action. For one, whales have offloaded over 1 billion XRP since November, thereby eroding support levels.

Technically, XRP has failed multiple retests of the $2.20 resistance zone, while momentum indicators remain oversold. Meanwhile, fears over U.S. jobs data have pressured both equities and digital assets, amplifying downside risk across markets.

This weakness comes despite notable developments on the institutional front.

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CME recently launched XRP futures, offering regulated, spot-quoted contracts that expand access for professional investors. Binance also added an XRP USD1 trading pair, increasing direct dollar liquidity during a volatile period.

The contrast between growing infrastructure support and sustained sell pressure is what is making XRP flash mixed signals.

Pro Ripple attorney Bill Morgan addressed the downturn directly, acknowledging that many long-standing bullish narratives have failed to materialize in 2025.

XRP’s decline from $3.65 to around $1.88 despite ongoing ETF inflows has silenced much of the speculative optimism. However, Morgan is firm in his conviction.

The lawyer admitted his expectations for double-digit prices and a supply shock were wrong so far, but stressed that fundamentals have not changed and said he believes XRP will shock the world in 2026.

On the technical side, analysts hold differing views, but none are overtly bearish.

XRP is trading within a descending channel on the three-day chart, though this structure is viewed as a pullback rather than a breakdown. Support between $1.90 and $2.00 is holding, with the 200 EMA acting as critical macro support.

That said, a reclaim of $2.30 could open a path toward $3.10 to $3.30, while a decisive close below the 200 EMA would increase downside risk.

TL;DR

The IMF acknowledged faster-than-expected economic growth in El Salvador, with GDP expanding close to 4%, supported by investment and remittances.
Fiscal targets remain on track, as the 2026 budget reduces the deficit while increasing social spending.
At the same time, the Bitcoin Strategy remains under review, with the government holding about 5,700 BTC and continuing daily purchases as part of its broader financial framework.

The International Monetary Fund reported steady progress in negotiations with El Salvador, highlighting stronger economic performance and continued alignment with reform goals under the current financing program. The assessment places macroeconomic stability and the Bitcoin Strategy at the center of discussions, reflecting their growing relevance for the country’s medium-term outlook.

IMF Assessment And Economic Momentum
According to the IMF, El Salvador’s economy is expanding above earlier projections. Real GDP growth is tracking near 4% this year, driven by resilient domestic demand, record remittance inflows, and a gradual recovery in private investment. These dynamics helped stabilize reserves and domestic financing conditions, while improving overall market confidence.

The Fund noted that clearer fiscal planning and policy coordination supported this momentum. It also pointed to solid short-term growth expectations if current trends hold. The ongoing review process focuses on preserving macroeconomic stability as external conditions evolve.

Bitcoin Strategy And Fiscal Discipline
The Bitcoin Strategy remains a key topic within IMF consultations. Authorities continue to provide disclosures on digital asset holdings and risk management, while talks emphasize transparency and safeguarding public resources. El Salvador holds about 5,700 BTC, which at current market prices are valued above $500 million, increasing the visibility of digital assets on the national balance sheet and drawing global investor attention.

On the fiscal side, the IMF stated that program targets remain achievable. The 2026 budget outlines further deficit reduction alongside higher social spending. Structural measures include a published actuarial pension study, a medium-term fiscal framework, and reforms that strengthen bank resolution, deposit insurance, and crisis management, alongside Basel III adoption and updated AML rules.

Looking ahead, IMF staff and Salvadoran officials continue technical engagement toward completing the next program review. The combination of faster growth, fiscal discipline, and an evolving Bitcoin Strategy keeps El Salvador in focus as a case where digital assets intersect with traditional macroeconomic frameworks.

Officials say continued dialogue should reinforce credibility, attract capital, and clarify how digital assets coexist with orthodox policies across emerging markets over coming quarters globally ahead.

The cryptocurrency market witnessed pockets of outperformance from select altcoins in 2025, but a broad-based altcoin rally failed to materialize. According to CoinMarketCap data, Bitcoin (BTC) did not breach its yearly low dominance of 55.5% hit on Jan. 5, 2025, signaling that traders did not abandon BTC and rush into altcoins.

Glassnode said in a recent post on X that nearly all crypto sectors had underperformed BTC over the past 3 months, signaling “a market environment where capital concentration favors BTC.”

Could the major altcoins make a comeback in 2026? Let’s analyze the charts of the top 5 major altcoins to find out.

Ether price predictionEther (ETH) pierced the $4,868 resistance in August, but the breakout turned out to be a bull trap.

ETH/USDT weekly chart. Source: Cointelegraph/TradingViewThe Ether price has dipped below the 50-week simple moving average ($3,070), indicating that bears have the upper hand. Buyers attempted to start a recovery but are facing selling at the 20-week exponential moving average ($3,454).

There is support at $2,623, but if the level cracks, the ETH/USDT pair could plummet to $2,111 and then to $1,600. Buyers are expected to fiercely defend the zone between $1,600 and $1,385.

The first sign of strength will be a break and close above the 20-week EMA. That suggests the bears are losing their grip. The pair may then attempt a rally to $4,000 and eventually to $4,956. Above $4,956, the pair could soar to $6,194 and then to $9,030. 

BNB price predictionBNB (BNB) has been stuck between the moving averages, indicating a balance between supply and demand.

BNB/USDT weekly chart. Source: Cointelegraph/TradingViewIf the price breaks below the 50-week SMA ($775), it suggests that the bears have overpowered the bulls. The BNB price could then tumble to the solid support at $500. Buyers are expected to fiercely defend the $400 to $500 zone.

Typically, after a sharp fall, the price tends to consolidate before making the next directional move, as seen from the range-bound action from May 2022 to February 2024. If history repeats, the BNB/USDT pair may range between $500 and $930 for some time.

Contrary to this assumption, if the price breaks above the 20-week EMA, it suggests that the bulls are attempting to take charge. The pair may then climb to $1,182 and eventually to the all-time high of $1,375. 

XRP price predictionXRP (XRP) has been sliding toward the solid support at $1.61, where the buyers are expected to step in. 

XRP/USDT weekly chart. Source: Cointelegraph/TradingViewA bounce off the $1.61 level is likely to face strong selling at the 20-week EMA ($2.38). If the price turns down sharply from the 20-week EMA, it increases the likelihood of a break below the $1.61 support. If that happens, the XRP/USDT pair could plunge to $1.25 and subsequently to the psychological support at $1.

Alternatively, if the price turns up from the current level or the $1.61 support and breaks above the 20-week EMA, it signals that the bearish momentum is weakening. The pair may then climb to $3, bringing the large $1.61 to $3.66 range into play. A close above $3.66 could catapult the XRP price to $5.19. 

Solana price predictionSolana (SOL) has been trading below the moving averages and is likely to decline to the $95 support.

SOL/USDT weekly chart. Source: Cointelegraph/TradingViewBuyers are expected to fiercely defend the $95 level, but the relief rally is likely to face selling at the moving averages. If the price turns down sharply from the moving averages, it signals a negative sentiment. The bears will then make one more attempt to sink the SOL/USDT pair below $95. If they succeed, the pair could descend to $80 and later to $50.

Contrarily, if the Solana price turns up and breaks above the moving averages, it signals a possible range-bound action between $95 and $260 for a few more weeks. The next leg of the up move could begin on a close above $260. The pair could then soar to $425.

Dogecoin price predictionDogecoin (DOGE) has dipped to the bottom of the $0.13 to $0.29 range, where the buyers are expected to step in.

DOGE/USDT weekly chart. Source: Cointelegraph/TradingViewBoth moving averages are sloping down, and the RSI is in the negative territory, indicating that bears are in control. If the price sustains below the $0.13 level, the selling could intensify, and the DOGE/USDT pair may collapse to $0.09.

Time is running out for the bulls. They will have to aggressively defend the $0.13 level and push the Dogecoin price above the moving averages to extend the consolidation for some more time. 

The longer the consolidation, the stronger the eventual breakout from it. If buyers drive the price above $0.29, the pair is expected to pick up momentum and accelerate toward $0.48.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

contributor

Posted: December 24, 2025

Retail confidence often weakens when prices remain flat, a period when institutions typically increase exposure. In recent weeks, Ripple [XRP] has shown a growing divergence between institutional activity and broader market sentiment.

On social media, commentary around XRP turned sharply negative, reflecting rising pessimism among retail traders. Yet, capital continued to flow into XRP-linked investment products.

XRP ETFs recorded $43.89 million in inflows over the past two weeks, marking their strongest stretch since launch. This extended their winning streak to six consecutive weeks without any outflows. 

The divergence highlights a critical inflection point where sentiment and capital flows are moving in opposite directions.

Could institutional adoption outweigh deteriorating sentiment pressure in XRP’s near-term market structure?

Institutional RWA expansion strengthens XRPL adoption
On the 25th of November, Archax enabled access to UK asset manager abrdn’s tokenized U.S. dollar money market fund on the XRP Ledger.

The fund is part of abrdn’s $3.8 billion U.S. dollar Liquidity Fund (Lux) and represents the first of its kind on XRPL. Ripple contributed $5 million to the fund as part of its broader real‑world asset strategy.

This launch expanded XRPL’s role in institutional decentralized finance and real‑world asset tokenization. 

It also built on Archax and Ripple’s ongoing collaboration to deliver regulated capital markets infrastructure on‑chain.

The initiative is designed to improve settlement efficiency and reduce operational friction for institutional participants. As Duncan Moir, Senior Investment Manager at abrdn, explained:

“The next evolution of financial market infrastructure will be driven by broader adoption of digital securities,”

He earlier highlighted efficiency gains from moving investment and settlement processes fully on-chain. The XRP Ledger was cited for its institutional-grade functionality and built-in compliance features.

Sentiment deterioration contrasted with ETF inflows
At press time, XRP Social Sentiment fell well below historical norms, as negative commentary intensified across trading platforms.

Retail participation weakened as pessimism increased, even while institutional-facing developments continued progressing quietly. 

Source: Santiment

The sentiment shift reflected declining retail confidence in XRP’s short-term price prospects.

Despite this, XRP recorded $43.89 million in ETF inflows on the 23rd of December, the highest level over the prior two weeks. XRP ETFs have continued attracting capital without interruption since launch, indicating sustained institutional participation. 

Source: SosoValue

Cumulative ETF inflows surpassed $1.2 billion, highlighting continued institutional accumulation despite retail disengagement.

Final Thoughts

XRP institutional adoption and ETF inflows strengthened despite sharply deteriorating social sentiment.
The divergence left XRP positioned between sentiment-driven pressure and sustained institutional demand.

TL;DR

Canary Capital files an SEC update for its SUI ETF, to be listed on Nasdaq as $SUIS.
The fund will hold physical SUI tokens and integrate staking to generate yield.
Custody will be managed by BigTru Trust, with daily NAV based on a CoinDesk index.

Canary Capital has submitted an updated filing to the U.S. Securities and Exchange Commission (SEC) for its SUI-based exchange-traded fund (ETF), with plans to list the product on the Nasdaq Stock Market under the ticker $SUIS. The amendment, dated December 19, 2025, outlines key details including fees, custody structure, staking mechanism, and daily operations.

The ETF is designed to provide direct exposure to the market price of SUI, the native token of the Sui blockchain. Unlike financial products that rely on futures or synthetic contracts, the $SUIS fund will hold physical SUI tokens, aiming to track the asset’s market value while accounting for operational expenses.

Staking to Be Integrated Into Fund Operations
The filing confirms that staking will form part of the ETF’s internal structure, marking a rare feature among traditional exchange-traded funds. The Canary Staked SUI ETF will participate in Sui’s proof-of-stake (PoS) network, allowing the fund to earn rewards for validating transactions.

According to the SEC document, staking rewards may be reinvested or managed at the sponsor’s discretion, depending on operational requirements. The structure aims to increase the fund’s total value while maintaining full exposure to the underlying asset.

“Staking rewards may be reinvested or retained depending on operational needs,” the filing states, summarizing the fund’s approach to yield management.

Daily NAV and Custody Framework
The ETF will calculate its Net Asset Value (NAV) each trading day, using the CoinDesk SUI USD CFIX Index as its pricing benchmark. The index aggregates data from multiple platforms to produce a representative market value for the SUI token.

Digital asset custody will be handled by BigTru Trust Company, named as the official custodian in the filing. Meanwhile, UMB Bank, N.A. will manage the fund’s cash operations and banking functions, ensuring traditional financial oversight alongside digital asset management.

Legal Structure and Offering Process
The Canary Staked SUI ETF will not be registered under the Investment Company Act of 1940 and will operate without an investment adviser. Instead, it will follow the model used by commodity and crypto funds that hold physical assets. Shares of the fund will be created and redeemed in batches of 10,000 units, known as baskets, through authorized participants.

The latest filing is classified as a post-effective amendment under Rule 462(c), meaning it is not a new registration but rather an update reflecting the fund’s finalized structure and offering framework.

Previously known as the Canary SUI ETF, the fund has been renamed Canary Staked SUI ETF to emphasize its integration of staking functionality. The product combines direct digital asset exposure with yield generation, offering investors a traditional investment vehicle with blockchain-native returns under a regulated U.S. market structure.

Bitcoin exchange-traded funds (ETFs) logged a third consecutive day of outflows, while Ether ETFs reversed course with fresh inflows. XRP and solana ETFs extended their late-year momentum with continued capital additions.

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SummaryNvidia Corporation is not in an "AI bubble"; forward P/E multiples are reasonable compared to historical tech bubbles and sector peers.The dot-com bubble is not comparable due to much lower growth and earnings potential, reflected in the difference in valuation multiples.Expansion in open-source AI, strategic acquisitions, and a strong product roadmap—including Rubin in 2026—reinforce NVDA's leadership.Reopening access to the Chinese market and sustained high double-digit revenue growth underpin expectations for continued strong returns.As a result, investors may expect further double-digit returns - NVDA is a Strong Buy to me. BING-JHEN HONG/iStock Editorial via Getty Images

As I said several times before, the first time I invested in Nvidia Corporation (NVDA) was in late 2022. Since then, NVDA has been one of my favorite businesses to follow and continue investing. Yes, I

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