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LOS ANGELES--(BUSINESS WIRE)---- $KLAR--KLAR Investors Have Opportunity to Join Klarna Group plc Fraud Investigation with the Schall Law Firm.

Electrovaya Inc. (ELVA:CA) Q4 2025 Earnings Call December 10, 2025 5:00 PM EST

Company Participants

John Gibson - CFO & Secretary
Rajshekar Gupta - CEO & Director

Conference Call Participants

Eric Stine - Craig-Hallum Capital Group LLC, Research Division
Colin Rusch - Oppenheimer & Co. Inc., Research Division
Jeffrey Campbell - Seaport Research Partners
Theophilos Genzebu - Raymond James Ltd., Research Division
Amit Dayal - H.C. Wainwright & Co, LLC, Research Division

Presentation

Operator

Greetings. Welcome to the Electrovaya Q4 Year-End 2025 Financial Results Conference Call. [Operator Instructions] Please note, this conference is being recorded.

I will now turn the conference over to your host, John Gibson, CFO. You may begin.

John Gibson
CFO & Secretary

Thank you. Good afternoon, everyone, and thank you for joining today's call to discuss Electrovaya's Q4 and full year 2025 financial results.

Today's call is being hosted by Dr. Raj Das Gupta, CEO of Electrovaya; and myself, John Gibson, CFO.

Today, Electrovaya issued a press release concerning its business highlights and financial results for the year ended September 30, 2025. If you would like a copy of the release, you can access it on our website. If you want to view our financial statements, management discussion and analysis and annual information form, you can access those documents on the SEDAR+ website at www.sedarplus.ca or on the SEC EDGAR website at sec.gov/edgar.

As with previous calls, our comments today are subject to the normal provisions related to forward-looking information. We will provide information relating to our current views regarding market trends, including their size and potential for growth and our competitive position within our target markets. Although we believe that expectations reflected in such forward-looking statements are reasonable, they do obviously involve risks and uncertainties, and actual results may differ materially from those expressed or implied in such statements. Additional information about factors that could

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WINTER PARK, Fla., Dec. 10, 2025 (GLOBE NEWSWIRE) -- Pursuant to the Investment Management Trust Agreement between Integrated Rail and Resources Acquisition Corp. (the “Company”) and American Stock Transfer & Trust Company, LLC, dated as of November 11, 2021, as amended on February 8, 2024, the Company received notice from the Company’s sponsor, DHIP Natural Resources Investments, LLC, that the Company intends to extend the time available in order to consummate a business combination from December 15, 2025 to January 15, 2026.

The Company is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on natural resources, railroads and/or railroad logistics companies, or any combinations thereof.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended (“Securities Act”). This announcement is being issued in accordance with Rule 135 under the Securities Act.

Contact: William Savery
[email protected]

NEW ORLEANS, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 5, 2026 to file lead plaintiff applications in a securities class action lawsuit against Six Flags Entertainment Corporation f/k/a CopperSteel HoldCo, Inc. (NYSE: FUN), if they purchased or otherwise acquired the Company’s common stock pursuant or traceable to the company’s registration statement and prospectus issued in connection with the July 1, 2024 merger of legacy Six Flags Entertainment Corporation (“Legacy Six Flags”) with Cedar Fair, L.P. (“Cedar Fair”), and their subsidiaries and affiliates (the “Merger”). This action is pending in the United States District Court for the Northern District of Ohio.

Get Help

Six Flags investors should visit us at https://www.claimsfiler.com/cases/nyse-fun-1 or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Six Flags and certain of its executives are charged with failing to disclose material information in the registration statement for the Merger, violating federal securities laws.

Specifically, the Registration statement failed to disclose that (i) despite the Company’s claims that it had pursued transformational investment initiatives in the years leading up to the Merger, Legacy Six Flags in fact suffered from chronic underinvestment and its parks required millions of dollars in additional capital and operational expenditures above the company’s historical cost trends in order to maintain or grow Legacy Six Flags’ share in the intensely competitive amusement park market; (ii) following defendant Selim Bassoul's appointment as CEO in November 2021, the company implemented aggressive cost-cutting measures, including significant reductions in employee headcount, which materially degraded operational competence and guest experience; (iii) as a result, Legacy Six Flags required a substantial and undisclosed capital infusion to stabilize and revitalize its business, and these acute capital needs fundamentally undermined the rationale for the Merger as presented in the registration statement.

On the Merger closing date, July 1, 2024, Six Flags stock traded above $55 per share. The price of Six Flags stock subsequently fell as low as $20 per share, a nearly 64% decline.

The case is City of Livonia Employees’ Retirement System v. Six Flags Entertainment Corporation, No. 25-cv-02394.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

NEW ORLEANS, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 26, 2026 to file lead plaintiff applications in a securities class action lawsuit against Alexandria Real Estate Equities, Inc. (“Alexandria” or the “Company”) (NYSE: ARE), if they purchased or otherwise acquired the Company’s securities between January 27, 2025 to October 27, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the Central District of California.

Get Help

Alexandria Real Estate Equities investors should visit us at https://claimsfiler.com/cases/nyse-are/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Alexandria and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 27, 2025, post-market, the Company disclosed financial results for the third quarter of fiscal year 2025 that were below expectations, including cuts to its FFO guidance for the full-year 2025, due to lower occupancy rates, slower leasing activity and most notably, a real estate impairment charge of $323.9 million with $206 million attributed to its LIC property.

On this news, the price of Alexandria’s shares fell from a closing market price of $77.87 per share on October 27, 2025 to $62.94 per share on October 28, 2025, a decline of about 19% in the span of just a single day.

The case is Warren Hern v. Alexandria Real Estate Equities, Inc., et al., No. 25-cv-11319.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

Adobe Inc. (ADBE) Q4 2025 Earnings Call December 10, 2025 5:00 PM EST

Company Participants

Douglas Clark - Vice President of Investor Relations
Shantanu Narayen - Chairman & CEO
David Wadhwani - President of Digital Media Business
Anil Chakravarthy - President of Digital Experience Business
Daniel Durn - CFO and Executive VP of Finance, Technology, Security & Operations

Conference Call Participants

Mark Murphy - JPMorgan Chase & Co, Research Division
Matthew Swanson - RBC Capital Markets, Research Division
Ivan Radojicic - Wolfe Research, LLC
Keith Weiss - Morgan Stanley, Research Division
Shelly Tang - Sanford C. Bernstein & Co., LLC., Research Division
Jacob Roberge - William Blair & Company L.L.C., Research Division
Michael Turrin - Wells Fargo Securities, LLC, Research Division
Keith Bachman - BMO Capital Markets Equity Research

Presentation

Operator

Good day, and welcome to the Q4 and FY '25 Adobe Earnings Conference Call. Today's conference is being recorded.

At this time, I'd like to turn the conference over to Doug Clark, Vice President of Investor Relations. Please go ahead.

Douglas Clark
Vice President of Investor Relations

Good afternoon, and thank you for joining us. With me on the call today are Shantanu Narayen, Adobe's Chair and CEO; David Wadhwani, President of Digital Media; Anil Chakravarthy, President of Digital Experience; and Dan Durn, Executive Vice President and CFO.

On this call, which is being recorded, we will discuss Adobe's fourth quarter and fiscal year 2025 financial results. You can find our press release, as well as PDFs of our prepared remarks and financial results, on Adobe's Investor Relations website.

The information discussed on this call, including our financial targets and product plans, is as of today, December 10, and contains forward-looking statements that involve risk, uncertainty and assumptions. Actual results may differ materially from those set forth in these statements. For more information on those risks, please review today's earnings release and Adobe's SEC filings.

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TORONTO, ON / ACCESS Newswire / December 10, 2025 / NEXGENRX INC. ("NexgenRx" or the "Company") is pleased to announce that a dividend in the amount of one-half of one cent per share ($0.005) has been declared in respect of all of its outstanding common shares and series 1 preferred shares. The dividend on the common shares will be payable on December 19, 2025 to all shareholders of record as at the close of business on December 17, 2025 and the dividend on the series 1 preferred shares will be payable on January 1, 2026 to all shareholders of record as at the close of business on December 31, 2025. As of the date of this press release, there are a total of 71,117,132 common shares and 6,600,000 series 1 preferred shares issued and outstanding. The common shares are listed and posted for trading on the TSX Venture Exchange under the symbol 'NXG'. The series 1 preferred shares are not listed or posted for trading on any stock exchange.

About NexgenRx
NexgenRx is Canada's only independent full-service Third-Party Administrator and Technology Solutions Provider, offering proprietary full front-end, eligibility, enrolment, hour bank and mobile access capabilities, together with state-of-the-art claims adjudication and full provider network coverage. These combined capabilities allow NexgenRx to provide Plan Sponsors, sophisticated administration and health benefit technology applications in a cost-effective SaaS (Software as a Service) Model.

NexgenRx is committed to building partnerships with organizations looking to exceed the expectations of their clients and plan members and deliver superior administration and claims processing solutions at a competitive cost. More information on NexgenRx can be found at www.nexgenrx.com.

Caution Regarding Forward-Looking Statements
Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although management believes that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. The Company cannot guarantee future results, performance or achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is 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 anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether the Company's strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for existing and new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; continued development and enhancement of the Company's proprietary software technology; cyber security risks and the other risks and uncertainties disclosed in the Company's annual Management's Discussion and Analysis, as filed under the Company's profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. The Company undertakes no duty to update any of the forward-looking information to conform such information to actual results or to changes in the Company's expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

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

FOR FURTHER INFORMATION PLEASE CONTACT:
Ronald C. Loucks
NexgenRx Inc.
President and CEO
416.695.3393 x801

Kelly Ehler CPA, CA
NexgenRx Inc.
Chief Financial Officer
416-695-3393x803

SOURCE: NexgenRx Inc.

Vancouver, BC – TheNewswire - December 10, 2025 – Critical Infrastructure Technologies Ltd. (CSE: CTTT) (OTCQB: CITLF) (FRA: X9V) ("CiTech" or the "Company"), announces that it has received and accepted the resignation of Mr. Richard Paolone, as Director of the Company, effective as of December 9, 2025.  The Board would like to thank Mr. Paolone for his contribution to the Company and wishes him all the best in his future endeavours. On Behalf of the Board of Directors:

NEW ORLEANS, Dec. 10, 2025 (GLOBE NEWSWIRE) -- ClaimsFiler, a FREE shareholder information service, reminds investors that they have until January 26, 2026 to file lead plaintiff applications in a securities class action lawsuit against Sprouts Farmers Market, Inc. (“Sprouts” or the “Company”) (NasdaqGS: SFM), if they purchased or otherwise acquired the Company’s securities between June 4, 2025 and October 29, 2025, inclusive (the “Class Period”). This action is pending in the United States District Court for the District of Arizona.

Get Help

Sprouts investors should visit us at https://claimsfiler.com/cases/nasdaq-sfm-2/ or call toll-free (844) 367-9658. Lawyers at Kahn Swick & Foti, LLC are available to discuss your legal options.

About the Lawsuit

Sprouts and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.

On October 29, 2025, the Company announced its third quarter fiscal 2025 results, disclosing comparable stores sales growth below expectations as well as disappointing fourth quarter guidance and cuts to its full year estimates, despite raising them only one quarter prior, due to “challenging year-on-year comparisons as well as signs of a softening consumer.”

On this news, the price of Sprouts’ shares fell from a closing market price of $104.55 per share on October 29, 2025 to $77.25 per share on October 30, 2025, a decline of about 26.11% in the span of just a single day.

The case is Singh Family Revocable Trust u/a dtd 02/18/2019 v. Sprouts Farmers Market, Inc., et al., No. 25-cv-04416.

About ClaimsFiler

ClaimsFiler has a single mission: to serve as the information source to help retail investors recover their share of billions of dollars from securities class action settlements. At ClaimsFiler.com, investors can: (1) register for free to gain access to information and settlement websites for various securities class action cases so they can timely submit their own claims; (2) upload their portfolio transactional data to be notified about relevant securities cases in which they may have a financial interest; and (3) submit inquiries to the Kahn Swick & Foti, LLC law firm for free case evaluations.

To learn more about ClaimsFiler, visit www.claimsfiler.com.

TORONTO, Dec. 10, 2025 (GLOBE NEWSWIRE) -- MediPharm Labs Corp. (TSX: LABS) (OTCQB: MEDIF) (FSE: MLZ) (“MediPharm” or the “Company”), a pharmaceutical company specialized in precision-based cannabinoids, today announced that Shelley Potts will be stepping down from the Company’s Board of Directors (the “Board”), effective December 31, 2025. The Company also announced that Michael Bumby will be rejoining the Board, effective January 1, 2026, bringing extensive experience in finance and governance to support MediPharm’s strategic priorities.

Michael Bumby previously served on the Board and was Chief Financial Officer at VIVO Cannabis Inc., which MediPharm acquired in 2023. In addition to his experience in the cannabis sector, Michael has held senior leadership roles in global pharmaceutical companies, providing strategic and financial oversight across highly regulated markets. His combined expertise in pharma and cannabis will support MediPharm Labs continued advancement in pharmaceutical cannabinoids.

Chris Taves, Chair of the Board, commented:

“On behalf of the Board and the entire MediPharm Labs team, I want to thank Shelley for her valuable contributions and leadership during her tenure. Shelley has been a Board member since 2020, and has helped guide the company’s stable growth through some of the cannabis industry’s early turbulent times. Shelley has been a strong voice for good corporate governance and thoughtful financial discipline throughout her tenure.”   

“We are also pleased to welcome Michael back to the Board. His financial expertise and prior experience with VIVO and MediPharm will provide additional valuable depth and perspective to the Board.”

About MediPharm Labs

Founded in 2015, MediPharm Labs specializes in the development and manufacture of purified, pharmaceutical-quality cannabis concentrates, active pharmaceutical ingredients (API) and advanced derivative products utilizing a Good Manufacturing Practices certified facility with ISO standard-built clean rooms. MediPharm Labs has invested in an expert, research-driven team, state-of-the-art technology, downstream purification methodologies and purpose-built facilities for delivery of pure, trusted and precision-dosed cannabis products for its customers. MediPharm Labs develops, formulates, processes, packages and distributes cannabis and advanced cannabinoid-based products to domestic and international medical markets.

In 2021, MediPharm Labs received a Pharmaceutical Drug Establishment License from Health Canada, becoming the only company in North America to hold a commercial-scale domestic Good Manufacturing Practices License for the extraction of multiple natural cannabinoids. This GMP license was the first step in the Company's current foreign drug manufacturing site registration with the US FDA.

In 2023, MediPharm acquired VIVO Cannabis Inc. which expanded MediPharm's reach to medical patients in Canada via Canna Farms medical ecommerce platform, and in Australia and Germany through Beacon Medical PTY and Beacon Medical GMBH. This acquisition also included Harvest Medical Clinics in Canada which provides medical cannabis patients with physician consultations for medical cannabis education and prescriptions.

The Company carries out its operations in compliance with all applicable laws in the countries in which it operates.

Cautionary Note Regarding Forward-Looking Information

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release, forward-looking statements relate to, among other things, Shelley Pott's departure from the Board; Michael Bumby's appointment to the Board, including the timing thereof; and statements regarding the Company’s advancement in pharmaceutical cannabinoids. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties; the inability of MediPharm to obtain adequate financing; the delay or failure to receive regulatory approvals; and other factors discussed in MediPharm's continuous disclosure filings, available on the SEDAR+ website at www.sedarplus.ca. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this news release. Except as required by law, MediPharm assumes no obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.

SOURCE MediPharm Labs Corp.

For further information, please contact: MediPharm Labs Investor Relations,
1 416.913.7425, [email protected]

Synopsys, Inc. (SNPS) Q4 2025 Earnings Call December 10, 2025 5:00 PM EST

Company Participants

Tushar Jain
Sassine Ghazi - CEO, President & Director
Shelagh Glaser - Chief Financial Officer

Conference Call Participants

Jason Celino - KeyBanc Capital Markets Inc., Research Division
Harlan Sur - JPMorgan Chase & Co, Research Division
James Schneider - Goldman Sachs Group, Inc., Research Division
Wei Chia - Citigroup Inc., Research Division
Sitikantha Panigrahi - Mizuho Securities USA LLC, Research Division
Vivek Arya - BofA Securities, Research Division
Joseph Vruwink - Robert W. Baird & Co. Incorporated, Research Division
Yu Shi - Needham & Company, LLC, Research Division
Ruben Roy - Stifel, Nicolaus & Company, Incorporated, Research Division

Presentation

Operator

Ladies and gentlemen, welcome to the Synopsys Earnings Conference Call for the Fourth Quarter and Fiscal Year 2025. [Operator Instructions] As a reminder, today's call is being recorded.

At this time, I would like to turn the conference over to Tushar Jain, Head of Investor Relations. Please go ahead.

Tushar Jain

Good afternoon, everyone. With us today are Sassine Ghazi, President and CEO of Synopsys; and Shelagh Glaser, CFO. Before we begin, I'd like to remind everyone that during the course of this conference call, Synopsys will discuss forecasts, targets and other forward-looking statements regarding the company and its financial results. While these statements represent our best current judgment about future results and performance as of today, our actual results are subject to many risks and uncertainties that could cause actual results to differ materially from what we expect.

In addition to any risks that we highlight during this call, important factors that may affect our future results are described in our most recent SEC reports and today's earnings press release. As shown in today's financial statements, all of Ansys revenue appears under the Ansys product group, including the Ansys semiconductor products.

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LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of Lakeland Industries, Inc. (“Lakeland” or the “Company”) (NASDAQ: LAKE) investors concerning the Company's possible violations of the federal securities laws. IF YOU ARE AN INVESTOR WHO LOST MONEY ON LAKELAND (LAKE) CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. What Happened? On December.

Waystar Holding Corp. (WAY) Barclays 23rd Annual Global Technology Conference December 10, 2025 6:40 PM EST

Company Participants

Matthew Hawkins - CEO & Director

Conference Call Participants

Saket Kalia - Barclays Bank PLC, Research Division

Presentation

Saket Kalia
Barclays Bank PLC, Research Division

Okay. Well, good afternoon, everyone. Welcome to Day 1 of the Barclays TMT Conference. My name is Saket Kalia. I cover software here at Barclays. Honored to have the team with us here from Waystar. We've got Matt Hawkins, CEO; and also have Sue Dooley, Head of Investor Relations, there in the audience as well.

So we've got about 30 minutes together. I'd love to leave some fireside chat here for 20 or 25 minutes because I know that's going to be fun here with Matt. And then would love to make this interactive so anyone that's got a question, just pop up your hand. We'll make sure we circulate the mic for the benefit of the webcast.

So with that, Matt, thanks so much for having -- for being here.

Matthew Hawkins
CEO & Director

I'm grateful to be here. It's been a fast year since we were here together last.

Question-and-Answer Session

Saket Kalia
Barclays Bank PLC, Research Division

Yes. Yes. I know a lot of good stuff that's happened, too. So I definitely want to jump into that. But maybe for those of us that are less familiar with the company, could you just maybe start with an overview of Waystar? And as part of that, maybe recap some of the points from last quarter that you were most proud of to just make sure we're all on the same page?

Matthew Hawkins
CEO & Director

Absolutely. Waystar is a cloud-native software platform that's purpose built to help health care providers as they interact with

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, /PRNewswire/ -- Stewart Information Services Corporation (NYSE: STC) ("Stewart" or the "Company") today announced the pricing of its public offering of 1,900,000 shares of its common stock, at a price to the public of $68.00 per share. All of the shares are being offered by Stewart. The offering is anticipated to close on December 12, 2025, subject to the satisfaction of customary closing conditions. The underwriters for the offering also have a 30-day option to purchase up to an additional 285,000 shares of Stewart's common stock at the price to the public, less underwriting discounts and commissions. The gross proceeds from the offering, before deducting underwriting discounts and commissions and other offering expenses payable by Stewart, are expected to be approximately $129.2 million (or $148.6 million if the underwriters exercise their option to purchase the additional shares in full).

Goldman Sachs & Co. LLC is acting as lead book-running manager for the offering, Citizens Capital Markets is acting as book-running manager for the offering and Dowling & Partners Securities, LLC, Keefe, Bruyette & Woods, a Stifel Company, and Stephens Inc. are acting as co-managers.

A registration statement (including a base prospectus) and a preliminary prospectus supplement relating to these securities have been filed with the Securities and Exchange Commission. The registration statement became automatically effective upon filing. The offering is being made only by means of a prospectus supplement (including the accompanying base prospectus). A copy of the final prospectus supplement, when available, may be obtained from Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 866-471-2526 or by emailing [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any offer or sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

About Stewart 
Stewart Information Services Corporation (NYSE: STC) is a global real estate services company, offering products and services through our direct operations, network of Stewart Trusted Providers™ and family of companies. From residential and commercial title insurance and closing and settlement services to specialized offerings for the mortgage industry, we offer the comprehensive service, deep expertise and solutions our customers need for any real estate transaction. ST-IR.

Caution Regarding Forward-Looking Statements

Certain statements in this press release are "forward-looking statements," including statements regarding the completion, timing and size of the proposed public offering, the grant to the underwriters of an option to purchase additional shares and references to whether Stewart will offer the common stock or consummate the offering. Forward-looking statements, by their nature, are subject to various risks and uncertainties that could cause our actual results to differ materially. Such risks and uncertainties include the volatility of general economic conditions, including economic changes that may result from new or increased tariffs, trade restrictions or geopolitical tensions, and adverse changes in the level of real estate activity, as well as a number of other risk and uncertainties discussed in detail in our documents filed with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the year ended December 31, 2024, and if applicable, as supplemented by any risk factors contained in our Quarterly Reports on Form 10-Q, and our Current Reports on Form 8-K filed subsequently. We expressly disclaim any obligation to update, amend or clarify any forward-looking statements contained in this press release to reflect events or circumstances that may arise after the date hereof, except as may be required by applicable law.

SOURCE Stewart Information Services Corporation

In brief
Trump Billionaires Club is slated to launch at the end of this year on iOS and Android.
Players can earn the TRUMP meme coin via the game, with $1 million worth to be offered up as rewards.
The board game-style mobile game will let players make deals and work their way up a leaderboard of billionaires.
A licensed Donald Trump-themed mobile crypto game will debut at the end of this year, according to a post Tuesday on X from the account behind the official Trump meme coin on the Solana blockchain.

The project describes Trump Billionaires Club as “the first and only Trump mobile game for true Trump fans,” and said the game will offer players “a chance to get a share of $1 million in TRUMP coin rewards.”

According to its website, the game plays as a “3D board game where every roll, deal, and decision builds your path to the top.” The gameplay centers on “rolls, luck, and smart decisions” as players climb a “billionaire ladder.” Both crypto and non-crypto versions will be available, though details on how rewards are earned are currently unclear.

Trump Billionaires Club will be available on mobile and web, and does not require any crypto setup. The game is being launched in partnership with the web3 gaming platform Open Loot, co-founded by Decentraland co-founder Ari Meilich.

Officially, the title is a product of Freedom45Games LLC, which holds a license to use Trump’s name. The site notes that the game is “not designed, manufactured, distributed or sold by Donald J. Trump, The Trump Organization, or any of their respective affiliates or principals.”

Freedom45Games LLC was registered last year in Wyoming and uses the same registered agents—Cloud Peak Law—as several other Trump-branded ventures, including Trump watch seller TheBestWatchesonEarth, sneaker company 45Footwear, and one of the Trump meme coin entities, Celebration Cards LLC. 

The ultimate owners of Freedom45Games remain unclear. A letter from Senator Richard Blumenthal earlier this year, however, linked the TRUMP meme coin company Fight Fight Fight LLC to longtime Trump ally and entrepreneur Bill Zanker, with whom he co-authored a book in 2007. 

The company also states that “the website offerings are not affiliated with any cryptocurrency offering, are not political, and have nothing to do with any political campaign,” despite multiple references to TRUMP and the company name invoking the 45th and 47th U.S. president.

Players can also “turn progress into ownership,” the website claims, with milestones converted into digital collectibles. However, the terms and conditions clarify that all content is owned by Freedom45Games LLC and that players are not granted any ownership rights in the game or its system.

This is not the only Trump-themed crypto game out there. In January, the unofficial Trump’s Empire launched on Telegram, closely resembling X Empire, an Elon Musk-themed game released the year prior. Players begin with a construction company and repeatedly tap to generate income, later unlocking automation and new businesses as they progress.

The news has had little impact so far on the price of TRUMP, the Solana meme coin that was currently trading at $5.76, according to CoinGecko, down nearly 3% over the last 24 hours. It achieved its all-time high price of $73.43 on January 19—shortly after launch—and has since dropped 92% to its recent price.

GG NewsletterGet the latest web3 gaming news, hear directly from gaming studios and influencers covering the space, and receive power-ups from our partners.

Dogecoin price prediction has detailed how DOGE has rebounded from oversold levels and held its $0.130 support as US-listed ETFs, institutional demand and the Fed rate decision shape scenarios for moves toward $0.20 in 2025 and $0.40 by mid-2026, alongside interest in PEPENODE.

The SEC-registered transfer agent, Superstate, just enabled direct issuance of SEC-registered shares on Ethereum and Solana, settling primary sales in stablecoins and recording ownership to a transfer agent’s ledger that treats the blockchain as the master file.

The company’s Direct Issuance Programs let issuers deliver tokens that represent the same legal equity with voting and dividend rights, paid for with stablecoins and delivered to KYC wallets at real-time prices.

The move shifts part of the issuance workflow from DTCC-only infrastructure toward public blockchains while keeping transfer agent controls and securities law obligations intact.

The first live implementation is Galaxy Digital, which tokenized its SEC-registered common stock on Solana through Superstate.

According to Galaxy’s investor site, 32,374 GLXY shares were tokenized as of early September 2025, establishing a template for on-chain cap tables that synchronize with a registered transfer agent.

The mechanics matter for governance and corporate actions, since every permitted transfer updates beneficial ownership on the RTA’s books, and dividends or splits can be executed through smart contracts administered by the agent.

A May 2025 staff FAQ acknowledged that a blockchain can serve as the official Master Securityholder File for a registered transfer agent, according to a Simpson Thacher summary, which provides a regulatory foundation for these cap table models.

Distribution is preparing to follow issuanceBackpack exchange has said it will list SEC-registered, natively tokenized U.S. equities via an integration with Superstate, starting with non-U.S. access while pursuing U.S. broker-dealer and ATS paths.

The venue model positions wallets, KYC rails, and whitelisted order flow as the front door for investors without synthetic wrappers or SPV structures. That distinction is a key clarification for 2025, following episodes where tokenized stock marketing created confusion between on-chain exposures and actual registered equity, as reported by Business Insider in the context of synthetic offerings.

The near-term contest is about who controls the cap table and the order books. If the transfer agent and the chain form the golden source of ownership for KYC’d wallets, then distribution and secondary trading can route through a mix of compliant venues that speak to that ledger.

Broker-dealers, ATSs, and traditional market centers will compete with wallet-native venues and whitelisted AMMs that plug into transfer agent hooks.

The SEC has not granted a bespoke path for AMMs to trade NMS securities, and any AMM that routes orders in NMS securities would need to comply with existing frameworks such as Reg ATS, fair access, surveillance obligations, and short-sale rules.

Agency statements have stressed that tokenization is not a shortcut and that market integrity rules still apply.

Plumbing around the new rails is starting to connectDTCC launched a tokenized collateral platform and briefed the SEC’s Crypto Task Force on tokenization services that could extend into pledging and corporate action workflows, according to DTCC public materials and SEC documentation.

Nasdaq filed to enable tokenized securities trading on its main market when rights are equivalent, with a timeline as soon as the third quarter of 2026 if DTC infrastructure is ready, according to Reuters.

These efforts point to a hybrid stage in which DTC-eligible positions coexist with tokenized cap table entries, and in which conversion or pledge functions bridge the two. Issuers seeking broader distribution may rely on this bridge for street-name positions while operating primary issuance windows on-chain in stablecoins.

Issuance workflow is the immediate change. Superstate’s Direct Issuance lets companies raise capital directly to wallets, take stablecoin proceeds, and record new ownership on-chain under the transfer agent’s supervision.

Follow-ons and at-the-market programs can run outside traditional market hours, with T≈0 settlement and programmable constraints such as transfer restrictions or on-chain accreditation checks. For small and mid-cap issuers, that may expand addressable demand in non-U.S. time zones once compliant venues, KYC pipelines, and custodial options are live.

For investors, the custody model flips from omnibus street name at brokers to wallet-native beneficial ownership tied to the transfer agent’s ledger, subject to whitelisting and rescission powers required for regulatory and sanctions compliance.

Secondary trading is the constraintBackpack’s plan points to a centralized access layer for tokenized stocks outside the U.S., while U.S. flows hinge on broker-dealer and ATS permissions applied to tokens that are the actual securities.

AMMs are technically straightforward on-chain, yet their regulatory status is unresolved for NMS. Three outcomes frame 2026: whitelisted AMMs recognized as ATSs, AMMs restricted and centralized order books dominate, or a hybrid in which AMMs operate for non-NMS or smaller issuers while NMS stays on central limit order books.

The SEC’s posture, including Commissioner statements, emphasizes that tokenization must fit within the existing regulatory perimeter rather than invent a separate lane.

The RTA’s expanded role is the throughline. With the blockchain as the master securityholder file, transfer agents mediate whitelist controls, error correction, rescission, and audit trails for on-chain transfers.

That places agents at the chokepoints for corporate actions and governance. Wallets and venues with strong KYC and sanctions tooling become distribution partners that can feed the master file with clean data.

Stablecoin issuers benefit from primary settlement volumes, and custodians will adapt to hold tokens directly or through controlled wallet architectures that meet Rule 15c3-3 and similar custody expectations when broker-dealers intermediate.

A practical question for issuers is how tokenized shares interplay with DTC positions. DTCC’s tokenization programs focus first on collateral, with scope to extend into securities workflows.

Nasdaq’s filing assumes that DTC infrastructure is ready before token-settled trades sit on the same order book.

Until a seamless conversion path is in production, many issuers may maintain parallel rails, using DTC for mainstream exchange trading and using on-chain issuance for targeted capital formation, dividend distribution experiments, or controlled secondary transfers among whitelisted wallets.

The bridge timing will determine how quickly on-chain liquidity can reach parity with street-name liquidity.

The metrics to watch are straightforwardHow many issuers enroll in Superstate’s Opening Bell stack, how many shares outstanding become token transferable, and how many on-chain holders appear on the master file, which Superstate says it maintains as a registered transfer agent.

How much primary issuance settles in stablecoins each month? How much volume Backpack and other compliant venues route for tokenized equities, especially in non-U.S. markets? How DTCC’s tokenized collateral network scales and whether DTC conversion or corporate action bridges for tokenized equity enter testing.

Each data point will describe whether this is primarily a settlement upgrade or the start of a new order flow channel.

The 2026 setup is bound by the public milestones and today’s working systems. Galaxy’s tokenization demonstrates that issuers can issue real shares on-chain under transfer agent control. Superstate’s Direct Issuance opens wallet-native primaries with stablecoin cash legs.

DTCC and Nasdaq have articulated timelines that could make token legs visible within mainstream market plumbing by late 2026, if the infrastructure aligns. SEC staff have already made room for on-chain master files, while broader secondary trading permissions remain under review.

That leaves a hybrid market structure through 2026, with stablecoin settlement, whitelisted wallets, and transfer agents anchoring cap tables as venues compete to control the order flow that sits on top.

2026 scenarioIssuersToken-enabled floatDaily on-chain volumeTrading structureConservative5–8$0.5–1.5B$2–8MCLOB venues dominate while on-chain used for primaries and controlled transfersBase case12–20$3–7B$15–40MHybrid, stablecoin-settled primaries common, early bridges to DTCBull30–50$10–25B$80–200MWhitelisted AMMs run as ATS analogs alongside exchange order booksIssuers, transfer agents, venues, and infrastructure providers now have a working path to move SEC-registered shares from DTCC-only rails to public blockchains.

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A proposed exchange-traded fund is built to chase Bitcoin’s price action while the U.S. market is shut on Wall Street.

The product is named the Nicholas Bitcoin and Treasuries AfterDark ETF, according to a filing dated December 9 was sent to the Securities and Exchange Commission.

The fund opens Bitcoin-linked trades “after the U.S. financial markets close” and exits those positions “shortly after the next day’s open.”

Trading is locked into the overnight window, and of course the fund will not hold Bitcoin directly. At least 80% of assets would be used on Bitcoin futures, exchange-traded products, other Bitcoin ETFs, and options tied to those ETFs and ETPs. The rest can sit in Treasuries.

The filing said that the goal is to use price action that forms when the equity market is offline. Exposure stays inside listed products only. No spot tokens, no on-chain custody, and all positions reset each morning after the open.

After-hours trading drives ETF flows
Bespoke Investment Group tracked a test using the iShares Bitcoin Trust ETF (IBIT), and reported that “buying at the U.S. market close and selling at the next open since January 2024 produced a 222% gain.”

The same test flipped to daytime only showed “a 40.5% loss from buying at the open and selling at the close.” That gap is the return spread the AfterDark ETF is built to target.

Source: Bespoke
Bitcoin last traded at $92,320, down nearly 1% on the day, down about 12% over the past month, and little changed since the start of the year. ETF filings across crypto keep expanding. Products tied to Aptos, Sui, Bonk, and Dogecoin are now in the pipeline.

The pace picked up after President Donald Trump pushed for softer rules at the SEC and the Commodity Futures Trading Commission. After that push, Donald pressed both agencies on token issuers and digital asset exchanges.

Since approvals began in January 2024 under the prior administration, more than 30 Bitcoin ETFs have started trading in the U.S., based on figures from ETF.com. U.S. spot ETFs are now seeing fresh inflows as prices move in a choppy climb after weeks of pullbacks.

On Tuesday, SoSoValue reported that “spot Ethereum ETFs pulled in $177.64 million,” the highest level in six weeks. That beat the “$151.74 million” that went into spot Bitcoin ETFs on the same day.

Solana ETFs added $16.54 million. XRP ETFs took $8.73 million. Dogecoin and Chainlink funds recorded flat flows. Across all products so far, $21.40 billion in Ethereum has been absorbed by ETFs, equal to about 5% of its $400 billion market value.

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Midnight Network’s NIGHT token surged almost 200% within 24 hours of its December 9 launch, becoming the most-trending asset on CoinGecko and CoinMarketCap. 

The token hit a market cap above $1.2 billion and registered more than $320 million in trading volume during its first full day.

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Mega Bullish Season For Privacy Coins?Architecturally, Midnight is conceived as a “partner chain” or sidechain to Cardano. Its initial token and ledger are issued on Cardano (as a Cardano Native Asset). 

ICYMI: @IOHK_Charles laid out the upcoming Midnight ecosystem roadmap in his keynote address, which outlines the delivery of core network capabilities over the coming year, organized into four distinct phases.

Read more 👇https://t.co/AIy1jituKT

— Midnight (@MidnightNtwrk) November 17, 2025
The hyped market debut places Midnight Network at the centre of a broader shift in the market. Privacy coins have rallied since October. 

Most recently, it has been fueled by regulatory pressure in Europe, tightening surveillance rules, and a renewed appetite for zero-knowledge technology.

Zcash sparked the trend with a tenfold rise between October and mid-November. The surge coincided with the EU’s approval of rules that will bar exchanges from listing privacy coins starting in 2027. 

Traders rotated into Dash, Railgun, Decred, and Monero as the sector gained momentum, lifting privacy-token volumes toward $3 billion at peak.

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However, the rally has carried tension. Analysts warn that increased regulatory scrutiny may force privacy activity off regulated platforms. 

At the same time, controversy around EU surveillance measures and the proposed Chat Control law has strengthened demand for technologies that preserve confidentiality.

Heads up, bitcoin holders:

The EU will ban anonymous crypto accounts by July 2027.
Every transaction above €1,000 will need your ID.

Privacy is becoming extinct. 😔 pic.twitter.com/RJAyUdtCbS

— Eli Nagar (@EliNagar) May 4, 2025
Against this backdrop, Midnight’s launch arrived at the perfect moment. The project positions itself as a privacy-first network using zero-knowledge proofs and a dual-token model. 

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NIGHT acts as the primary asset, while DUST funds private transactions. The model offers selective disclosure, making data visible only when required.

This structure aligns with the market’s rotation toward privacy infrastructure rather than simple anonymity tools. It also fits rising concerns over wallet tracking, identity verification requirements, and the future of personal data in digital finance.

Crypto Privacy Narrative Is Taking OffTrading interest reflected that narrative. NIGHT climbed from around $0.039 to more than $0.085 before easing. Its circulating supply reached 16.6 billion tokens, with investors treating the launch as an entry point into the next phase of the privacy-technology cycle.

Sponsored

Midnight’s NIGHT Token Price Chart. Source: CoinGeckoYet the privacy sector remains volatile. Zcash retraced more than 40% after its November peak, while Dash’s early-December breakout lost momentum. 

Analysts expect rotation between leaders to continue as regulation tightens and new privacy-focused projects emerge.

For now, Midnight has captured the strongest launch momentum of any new token this quarter. Its rise illustrates how fast capital is moving into privacy infrastructure as the regulatory environment hardens. 

The next test will be whether demand stays high once the initial hype fades and the market shifts its focus from narrative to usage.

The crypto industry saw a wave of major technical updates this week, led by the launch of Tempo’s public testnet. Tempo, a payments-focused blockchain backed by Stripe and Paradigm, opened its network for real-world experimentation as it aims to make stablecoin transactions faster, cheaper and scalable for mainstream use. New partners including Klarna, Kalshi, Mastercard and UBS join early collaborators such as Deutsche Bank, Visa, Shopify, OpenAI and Nubank. Built for high-volume throughput, Tempo charges roughly one-tenth of a cent per transaction in USD-based stablecoins, eliminating the need for a volatile gas token. As global stablecoin adoption grows — a market now exceeding $300 billion — Tempo is positioning itself as a core infrastructure for B2B, P2P and cross-border payments.

Matter Labs also announced plans to sunset ZKsync Lite in early 2026. The first version of its Ethereum layer-2 network served as a proof-of-concept for zero-knowledge rollups before the launch of the more advanced ZKsync Era in 2023. ZKsync Lite will remain operational, with withdrawals to Ethereum still available, and a full migration roadmap expected next year.

Blockstream introduced a major upgrade to the Green mobile app, enabling trustless atomic swaps between the Lightning and Liquid networks. Users can now pay Lightning invoices directly from Liquid balances without managing channels or liquidity. The process remains self-custodial, secured through hash-locked transactions that either complete or automatically revert.

Axelar revealed AgentFlux, an open-source AI framework designed to run agentic automation locally, preventing private key and client-data exposure to cloud systems. By splitting tool-selection and execution into two lightweight models, Axelar reports a 46% improvement in tool-calling accuracy, offering institutions a more secure route to onchain automation.

Additional industry developments include Superstate’s new onchain equity issuance platform and BitMine Immersion Technologies’ growing ETH treasury, now exceeding 3.2% of the token’s circulating supply. Meanwhile, U.S. lawmakers continue to debate crypto market structure, with regulators voicing concerns over investor protection, tokenized securities and systemic risk.

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XRP remains under the weight of its long-standing downtrend, but recent price action suggests the bears may be losing their grip. Upward moves are becoming sharper and more impulsive, while downward momentum slows, hinting that buyers are quietly stepping in. With a decisive breakout above key resistance, the bulls could be gearing up for a significant counterstrike.

Overarching Bearish Structure: The Red Trend Line Cap
According to the latest XRP chart update by MakroVision Research, the broader market structure remains firmly within a downward trajectory, clearly outlined by the steeply declining red trend lines. These trend lines continue to cap every attempt at recovery, leaving the larger technical picture unchanged and leaning bearish.

Although the internal structure of the market has begun to show notable signs of improvement. Short-term price behavior reveals that upward movements are becoming more impulsive, faster, and more defined. At the same time, the downward phases are gradually slowing, taking longer to unfold and displaying less momentum.

This shift is a classic indication of fading selling pressure and increasing buyer activity at lower levels. The market may still be sitting below a dominant resistance zone, but its internal dynamics are no longer as weak as before.

Source: Chart from MakroVision Research on X
If XRP manages a decisive move above the red trend line around $2.48, it would unlock the bullish potential that has been quietly building beneath the surface. Without this breakout, the token remains technically under pressure, but the groundwork for a potential reversal is clearly forming.

Key price levels to watch include the $2.2 – $2.22 resistance zone, the major $2.48 breakout level, and the support region around $1.95 – $1.88, which aligns with both Fibonacci retracements and recent reaction points.

Dual Track Conflict: Bearish Trend Vs. Bullish Internal Structure
In conclusion, MakroVision Research has highlighted that XRP is currently positioned on a dual-track path. While the big trend remains technically downward, the internal price structure is becoming increasingly and noticeably bullish. This diminishing downward momentum makes the current chart highly exciting.

The immediate fate of XRP now depends entirely on whether the asset can achieve a sustainable breakout above the crucial resistance marks previously mentioned, specifically the $2.48 trend line. If XRP succeeds in converting that major resistance into support, the analyst warns that the built-up bullish momentum could unfold very quickly, leading to a rapid surge in price.

Currently, the critical question remains whether XRP can achieve a durable trend reversal and capitalize on its internal strength, or whether the overarching bearish pressure will ultimately prevail, forcing the price to fall deeper toward the significant $1.4 low.

XRP trading at $2.06 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Adobe Stock, chart from Tradingview.com

Cover image via www.freepik.com

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The market might not be ready for an all-around price recovery, but specific assets show a lot of strength despite the generally negative outlook: Ethereum is already testing a midterm resistance level, and XRP is piling up liquidity for a jump. Unfortunately, though, smaller assets like SHIB struggle.

Ethereum shows who's kingSince the entire correction phase started in mid-October, Ethereum is exhibiting its strongest recovery momentum. The market has stopped bleeding, rebuilt its structure and is now putting pressure on its first significant technical ceiling, the 50-day EMA, which is currently hovering just above the $3,350 area. For almost two months, this level has served as dynamic resistance, thwarting every attempt to move higher, but the current strategy is essentially different.

ETH/USDT Chart by TradingViewETH is increasing due to better volume, higher lows and a clear change in sentiment throughout the altcoin market. The candle structure is significant because Ethereum has produced several consecutive strong-bodied green candles that are not sold right away for the first time since early November. Sellers are losing control just based on that.

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The most likely scenario is a bullish breakout if the volume holds. With conviction, ETH breaks through the 50 EMA, rises to $3,500 and reenters the larger recovery structure. This makes it possible to retest between $3,700 and $3,800, which is where the greater breakdown started. In this case, the story turns to whether ETH can reach $4,000 once more as bulls regain complete control.

Ethereum forms another higher low at $3,200-$3,250 after being rejected at the 50 EMA. By doing this, bullish momentum will be maintained and the breakout will be postponed. If market-wide liquidity improves, a second strategy will probably be successful.

Failure scenario (now with a lower probability): The price of ETH is pulled back toward the $2,950 range as it rejects strongly and loses the $3,100 support. This would suggest that the market’s appetite is still too low and that the recovery was hasty.

XRP's current structure For nearly two months, the asset has been grinding inside a clearly defined declining channel, creating lower highs and lower lows while losing momentum at each bounce.  

The flattening of the lower boundary is the first signal to watch out for. The force with which sellers pushed XRP into deeper lows in early November is no longer present. Rather, the final retest of the lower trendline produced a comparatively strong bounce and held cleanly. Just that change implies that the bearish side is worn out.

Second, the midchannel descending trendline, the 20 EMA and the 50 EMA are all converging around the $2.15-$2.25 zone, indicating that XRP is gradually starting to test the overhead resistance cluster. The breakout, if it occurs, is usually decisive when several technical ceilings stack together in this manner. The short-term trend would be reversed by a clean daily close above about $2.28, which would probably draw in sidelined buyers who have been awaiting confirmation.

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The weakest aspect of the image is still volume. Bulls' lack of commitment indicates that XRP lacks the necessary fuel to break free from its structure. The asset might just keep moving sideways inside the channel unless inflows pick up, which would postpone any significant upside.

The next targets are located at the upper channel boundary between $2.40 and $2.50 if XRP breaks through the $2.25-$2.30 barrier with volume. The path toward $2.70+, where the 200 EMA is waiting, would be made possible by a breakout from the entire channel.

If XRP does not push higher, it will return to the lower trendline and $2.00. The larger structure remains intact as long as this level persists, but momentum decreases.

Shiba Inu stays downThe rejection at the cluster of short-term moving averages (20 EMA and 50 EMA) validates what the chart has been indicating for weeks: buyers still lack the strength to reverse momentum, and SHIB is still trading inside a well-established downtrend.

The asset momentarily moved into the $0.0000089-$0.0000091 range, but it was unable to close above it, which prompted selling pressure and caused the price to drop again. This is significant because, for almost a month, that particular resistance zone has served as a barrier. If it had been broken, the short-term market mentality would have changed from dead cat bounce to early reversal.

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Rather, the bearish structure: lower highs, lower lows and a weakening volume profile are strengthened by SHIB’s incapacity to stay above those EMAs. The simple conclusion is that there is insufficient demand, and the downtrend persists when an asset tests resistance with decreasing volume and is rejected.

The current price area may worsen if SHIB is unable to quickly regain momentum. Weak breakout attempts are typically punished by the market, so a return to the $0.0000082-$0.0000080 range is quite possible. The lower supports around $0.0000075, where buyers last intervened with any conviction, are exposed by a breakdown from that point.

SHIB’s initial resistance test was unsuccessful, and the short-term outlook is pessimistic. However, there is no irreparable damage to the structure. There is still hope for a turnaround; it just needs buyers to show up with real volume instead of just fleeting bounces.

Bitcoin (BTC) climbed above $94,000 before quickly reversing course after U.S. Federal Reserve Chair Jerome Powell delivered a balanced but cautious message following the central bank’s 25 basis-point rate cut on Wednesday. BTC traded around $92,000 for most of the day before spiking to $94,400 when Powell highlighted risks tied to a potentially weaker-than-expected labor market. However, the gains faded as he reiterated that the fight against inflation is “far from over,” prompting a swift pullback.

At last check, Bitcoin hovered near $92,000, down roughly 0.8% over the past 24 hours. Meanwhile, Ether (ETH) continued to show resilience, holding above $3,300 and rising about 1.1% during the same period. U.S. equities also advanced, with the Nasdaq up 0.5% and the S&P 500 gaining 0.7%, while the U.S. dollar weakened about 0.6% against major currencies including the yen and euro.

Powell said that interest rates are now “within a range of plausible estimates of neutral,” giving the Fed room to assess future cuts. He stressed that upcoming labor and inflation data ahead of the January meeting will be crucial for shaping policy decisions. Alongside the rate cut, the New York Fed announced plans to purchase up to $40 billion in short-term Treasuries over the next month to ease financial conditions without signaling a full return to quantitative easing. Powell added these elevated purchases may continue for several months, marking a notable shift after years of balance sheet reduction.

Market analysts noted that despite the rate cut, the Fed emphasized caution. Capital.com’s Daniela Hathorn said the move does not signal an aggressive easing cycle, while Fitch Ratings’ Brian Coulton pointed out that recent mild increases in core inflation likely influenced the close decision. Analysts expect only limited additional cuts through mid-2026.

For Bitcoin, 21Shares’ David Hernandez said breaking above the $94,500 resistance remains key. Strengthening spot ETF inflows—boosted by lower capital costs—could push BTC toward the psychological $100,000 level if momentum builds.

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Ethereum (ETH) is under a pivotal week as traders weigh a mix of macroeconomic expectations, institutional developments, and strengthening technical signals.

Related Reading: Midnight Goes Live As Cardano Founder Targets A $10 Billion Ecosystem

With the Federal Reserve set to deliver its next rate decision, market participants are watching how Ethereum’s recent momentum interacts with a broader risk-on environment.

The second largest cap cryptocurrency has already staged a notable rebound, breaking key resistance levels and drawing renewed interest from both retail and institutional investors.

ETH's price sees some gains on low timeframes as recorded on the daily chart. Source: ETHUSD on Tradingview
Fed Expectations Drive Ethereum Position Repricing
Ethereum surged past $3,300 and briefly approached $3,400 after recording a 6% jump over the past 24 hours.

The rally comes as traders price in a high probability, close to 90%, that the Federal Reserve will announce a 25-basis-point rate cut. Lower interest rates tend to improve liquidity conditions, a factor that has historically supported digital assets.

Bitcoin’s recovery above $94,000 added further confidence to the market, though Ethereum outperformed on a relative basis. The ETH/BTC ratio reached its strongest point since late October, indicating a shift of capital from Bitcoin to Ethereum.

Spot Ethereum ETFs also saw $177.7 million in inflows on December 9, surpassing Bitcoin’s inflows on the same day.

Institutional Moves Add to Bullish Sentiment
One major catalyst behind this shift has been BlackRock’s filing for the iShares Ethereum Staking Trust ETF. The fund would offer exposure not only to ETH’s price but also to staking rewards, expanding access to yield-bearing strategies.

Analysts note that such products could increase liquidity inflows into Ethereum, especially as institutional portfolios diversify beyond Bitcoin. This filing arrives at a time when the amount of ETH held on centralized exchanges has fallen to its lowest level since 2015, roughly 8.7% of the total supply.

Large buyers, including Bitmine Immersion, have accumulated billions of dollars’ worth of ETH in recent months. Combined, these developments indicate a tightening of supply conditions.

Technical Breakouts Reinforce the Trend
Chart analysts highlight that Ethereum has broken above a downward trendline that previously capped rallies for nearly two months.

Momentum indicators, including MACD and RSI, show increasing buyer strength despite approaching overbought territory. Ethereum’s break above the $3,300 zone has shifted focus toward the next resistance level at $3,500, with wave-pattern analysis suggesting potential upside toward $3,600.

Related Reading: Bitwise Rolls Out New ETF For Broad Crypto Exposure, Including BTC, XRP, And ADA

Analysts such as Captain Faibik argue that a confirmed breakout could support a rally of up to 30%, targeting the $4,200–$4,300 region if bullish conditions persist. However, the Fed’s upcoming decision remains a key variable in determining whether momentum continues or cools.

Cover image from ChatGPT, ETHUSD chart from Tradingview

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Posted: December 11, 2025

Hyperliquid [HYPE] has been in a steady downtrend in November and December. The beginning of December saw a 24.1% price bounce from $29.15 to $36.17, but this was not enough to end the downtrend.

A recent AMBCrypto report drew attention to the monthly HYPE unlocks.

The release of 10 million HYPE at the end of each month isn’t fully understood yet. It will likely take a few months of unlocks to better appreciate the magnitude of selling pressure, according to Delphi Digital’s analyst Jason.

Another report highlighted whales purchasing HYPE, but observed that the market remained cautious.

Why the HYPE trend remains firmly bearish

Source: HYPE/USDT on TradingView

On the 1-day chart, the HYPE structure was reinforced to be bearish once again.

Since October, the token has formed a series of lower highs and lower lows on the daily chart. The most recent lower low at $29.15 (orange) was breached on Tuesday, the 9th of December.

This breach meant that more losses were likely to follow. It also meant that the origin of this downward push, the $30.35-$35.36 area, is a supply zone.

Any attempted recovery would run into intense selling pressure in this resistance zone.

The DMI showed a strong bearish trend in progress, and the CMF was below -0.05 to signal strong capital outflows.

Source: HYPE/USDT on TradingView

A set of Fibonacci extension levels based on last month’s swing from $50.16 to $29.15 shows the next bearish HYPE price target at $24.19.

The hourly chart gives mixed signals. The DMI confirms an active uptrend, but capital flows shifted from bullish to neutral.

To the north, the $29.89 and $30.68 were key short-term resistances.

What HYPE bulls need to achieve to flip the downtrend
The recent bearish structure break on the daily chart reinforced the downtrend strength.

To turn the tables around, buyers must drive a rally beyond $36.17. This is the least likely outcome, given the current structure and capital outflows on the daily chart.

Traders’ call to action- time to go bearish?
The 1-hour structure was bullish at press time. Once it shifts bearishly, traders can look to enter short positions. Alternatively, a retest of the overhead resistance up to $30.68 can be used to sell or go short on HYPE.

Traders can expect a move to $24.19, though it could take a few days to materialize.

Final Thoughts

The Hyperliquid price chart was bearish on the 1-day timeframe, but has bullish momentum on the 1-hour chart.
The higher timeframe trend takes precedence, and traders can wait for a rejection from the $30 resistance zone before selling.

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