Market Signal Briefing

Google was on Tuesday hit with an EU antitrust investigation over its use of online content for AI purposes, marking the latest in a series of crackdowns from the bloc on regulating U.S. big tech companies. 

The European Commission said it was investigating whether Google had breached EU competition rules by using the content of web publishers, as well as content uploaded on the online video-sharing platform YouTube, for AI purposes.

The probe will examine whether Google is distorting competition by imposing unfair terms and conditions on publishers and content creators, or by granting itself privileged access to that content and placing developers of rival AI models at a disadvantage, the Commission said. 

"AI is bringing remarkable innovation and many benefits for people and businesses across Europe, but this progress cannot come at the expense of the principles at the heart of our societies," said the bloc's commissioner for competition Teresa Ribera.

"This is why we are investigating whether Google may have imposed unfair terms and conditions on publishers and content creators, while placing rival AI models developers at a disadvantage, in breach of EU competition rules."

The Commission said it would investigate to what extent the generation of AI Overviews and AI Mode by Google is based on web publishers' content without appropriate compensation and without the possibility for publishers to refuse without losing access to Google Search.

The move follows a slew of actions the bloc has taken against U.S big tech companies in recent days. 

The Commission hit Elon Musk's social media app X with a 120-million-euro ($140 million) fine on Friday for breaching transparency obligations around its advertising repository and "the deceptive design of its 'blue checkmark.'"

Musk called for the European Union to be abolished in response, with key Republican officials also criticizing the decision.

Last week the EU also announced it had opened an antitrust investigation into Meta over its new policy on allowing AI providers' access to WhatsApp, which it said may breach the bloc's competition rules.

CNBC has approached Google for comment.

The European Commission said it is looking into whether Google is distorting competition by imposing unfair terms and conditions on publishers and content creators.

Foshan, China, Dec. 09, 2025 (GLOBE NEWSWIRE) -- VIOMI Technology Co., Ltd. (NASDAQ: VIOT) (“VIOMI” or the “Company”), a leading global water technology company, today announced that it achieved significant commercial milestones during the 2025 Black Friday and Cyber Monday (“BFCM”) sales period. In its inaugural year of full-scale U.S. market operations, the Company entered the Top 19 in the Amazon U.S. water purifier category by sales volume, while its under-sink tankless RO purifier attained No. 4 within its subcategory—both marking the highest rankings in VIOMI’s history on the platform. These results signify a meaningful “from zero to one” breakthrough in North America.

Demonstrated Commercial Momentum Driven by Technology and Operational Excellence

As of November 2025, VIOMI’s U.S. market sales revenue is increasing to the level that exceeds that of comparable peer brands during similar stages of market entry. This performance reflects the Company’s technological capabilities, product competitiveness, and supply chain strength.

As of today, VIOMI has secured 1,847 patents in the field of water purification, including 690 invention patents, providing robust intellectual property support for continued product innovation and quality advancement. The Company’s highly automated “Water Purifier Gigafactory”, established through a capital investment of approximately USD 150 million, provides annual production capacity of 5 million water purifiers and 30 million filter elements. This vertically integrated infrastructure ensures consistent manufacturing standards, strengthens cost control, and supports rapid scaling in global markets.

MASTER M1 Positioned as a Strategic Growth Driver

Looking ahead to 2026, VIOMI expects its flagship MASTER M1 AI Alkaline Mineral Water Purifier to serve as a core growth engine in the U.S. market. The product was developed to address widely recognized North American water quality challenges, including PFAS contamination and aging municipal water infrastructure. Key product capabilities include:

9-stage RO filtration capable of removing up to 99% of PFAS and other persistent chemicalsAI-enabled smart-touch faucet providing real-time TDS monitoringExtended filter lifespan and tool-free replacement to reduce user burden. These features align closely with U.S. consumer expectations for water safety, product convenience, and cost efficiency.

Strategic Expansion in Channels, Product Portfolio, and Industry Engagement

To further enhance its presence in the U.S., VIOMI will continue implementing a differentiated growth strategy that includes establishing the local sales team, deepening its Amazon U.S. footprint, introducing additional products including compact countertop water purifiers, as well as strengthening industry engagement through participation in major trade exhibitions. These initiatives are intended to reinforce professional credibility, expand product coverage, and increase brand visibility across the North American market.

Mr. Kevin Chen, Founder and Chief Executive Officer of VIOMI, commented: “The North American market constitutes a critical component of VIOMI’s long-term global development strategy. The meaningful progress we achieved during the BFCM period provides strong validation of our product strength, operational capabilities, and supply chain advantages. In the current global economic landscape, U.S. consumers place high value on products that deliver strong performance and cost efficiency. VIOMI’s technological advantages and large-scale manufacturing infrastructure are well aligned with this demand. Our target of achieving tenfold growth in 2026 is an important milestone, reflecting both our confidence and our commitment to sustained global expansion. We will continue advancing our R&D investment and broadening our market presence, particularly in emerging segments such as whole-house water purification, in order to deliver AI-driven water technologies that enhance healthy living for families worldwide.”

About VIOMI

VIOMI’s mission, “AI for Better Water,” drives its commitment to delivering technologically advanced, healthier drinking water solutions worldwide, enhancing both water quality and user experience through AI-powered monitoring, simplified filter management, extended filter lifespan and lower long-term user costs.

VIOMI’s world-leading Water Purifier Gigafactory enables mass-scale production, continuous innovation, and faster global adoption of smart residential water purification.

For more information, please visit: water.viomi.com.

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SummaryOppFi is undervalued despite strong growth, earnings beats, and raised guidance, with shares trading at just 6.5x 2025 expected earnings.OPFI's tech-driven lending platform drives efficiency, with 79% of applicants approved automatically and nearly half of new loans to first-time customers.Regulatory risk, especially from California's AB 539, and credit quality remain key concerns, but OPFI's risk management and improved underwriting bolster confidence.I maintain a Buy rating, seeing upside toward $15–$17 if growth continues and regulatory threats don't materialize. phakphum patjangkata/iStock via Getty Images

Last time, I was positive but cautious on OppFi (OPFI). Since then, the stock has dropped hard, down about 26% from $13.70 to $10.11, even though, by pretty much any measure, the company just posted another strong quarter. Shares peaked in

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.

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Tether

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$0.9990

has disclosed participation in a funding round worth about €70 million, around $81 million, for Generative Bionics, a robotics spin-off of the Italian Institute of Technology.

According to a press release on December 8, Generative Bionics was founded after approximately 20 years of robotics research. The company has exclusive access to essential technologies created at the institute.

Its team consists of around 70 engineers and artificial intelligence (AI) specialists, with a collective total of over 600 years' experience in robotics and physical AI.

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The startup will use the investment to accelerate the development of "Physical AI" and edge AI systems, validate its humanoid technology in practical industrial settings, build its first production center, and connect its robots to broader networks.

Projects in industries such as manufacturing, logistics, healthcare, and retail are expected to launch in early 2026.

CDP Venture Capital's AI fund led the financing round, with support from Tether, AMD Ventures, Duferco, Eni Next, and RoboIT.

Paolo Ardoino, the chief executive of Tether, noted that their goal is to develop humanoid robots that expand people's physical and mental abilities. The company estimates that the global humanoid robotics industry could reach €200 billion (about $232 billion) by 2035.

According to the company, earlier robots had limited problem-solving skills and could not adapt to unpredictable environments such as variable lighting and human movement.

Physical AI is described as the next advancement in creating robots that can operate alongside people in real-world settings.

Meanwhile, Cocoon, a decentralized AI platform on TON, rewards GPU providers with TON tokens for powering secure, private AI computations. How does it work? Read the full story.

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.

With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.

Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.

Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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21Shares prepares to launch its XRP as the issuer files with the U.S. Securities and Exchange Commission (SEC) to update its prospectus. The 21Shares XRP ETF will join other issuers including Canary, Grayscale, and Bitwise. However, XRP price remains under selling pressure despite continuous inflows into XRP ETFs.

21Shares XRP ETF Amends S-1 to Disclose Fee
According to a US SEC filing, 21Shares filed a fifth amendment to its S-1 to make the last changes before its XRP ETF launch. Notably, the issuer is likely awaiting a CERT filing or an SEC approval as it has retained the delaying amendment.

In the latest filing, the issuer has revised its management fee from 0.50% to 0.30%. However, the issuer has not disclosed any fee waiver yet. Meanwhile, the total AUM of spot XRP ETFs reaches near $1 billion as Bitwise, Franklin Templeton, and Grayscale have revealed fee waivers to entice investors.

Notably, Franklin XRP Exchange-Traded Fund (XRPZ) has the lowest management fee of 0.19%. Also, it has the longest fee waiver period as compared to other issuers.

Recently, the issuer revealed a 0.50% management fee and details of the initial seed purchase of 20,000 shares at $25 per share by 21Shares US LLC.

21Shares XRP ETF Nears Launch
As CoinGape reported earlier, 21Shares XRP ETF became auto-effective with a Form 8-A filing last month. However, the listing is pending even after approval from CBOE BZX Exchange to list shares under the ticker symbol “TOXR.”

The trust’s investment objective is to provide exposure to XRP, tracking spot XRP prices from the CME CF XRP-Dollar Reference Rate pricing benchmark. Coinbase Custody, Anchorage Digital Bank, and BitGo Trust will serve as the custodian for the 21Shares XRP ETF.

Notably, BNY Mellon will serve as the cash custodian, administrator, and transfer agent of the trust. Foreside Global Services is the marketing agent.

XRP Price Holds Above $2
XRP price is trading within a range ahead of the FOMC Meeting, holding above $2.05 amid continued inflows in XRP ETFs. The 24-hour low and high are $2.05 and $2.12, respectively.

Trading volume also decreased by 8% over the last 24 hours, indicating a decline in interest among traders ahead of the US jobs data and Fed rate decision.

Meanwhile, derivatives markets show mixed sentiment in the last few hours, as per CoinGlass data. At press time, the total XRP futures open interest tumbled nearly 2% to $3.62 billion in the last 24 hours.

The 4-hour XRP futures open interest has climbed 0.15%. However, it dropped 0.30% on CME and climbed 0.53% on Binance and 0.62% on OKX.

Also Read: Best Crypto Sign Up Bonuses, Offers & Promotions

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Amin Ayan

Crypto Journalist

Amin Ayan

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Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...

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December 9, 2025

Circle has secured a major regulatory win in the United Arab Emirates, gaining a Financial Services Permission (FSP) license from the Abu Dhabi Global Market’s Financial Services Regulatory Authority (FSRA).

Key Takeaways:

Circle obtained an ADGM license to operate USDC services under full regulatory oversight.
The approval strengthens Abu Dhabi’s push to become a global hub for regulated digital assets.
Circle appointed Dr. Saeeda Jaffar to lead regional expansion and drive USDC adoption.

The approval allows Circle to operate as a fully regulated Money Services Provider within the UAE’s capital market free zone, the company said in a Tuesday’s press release.

Circle Gains Full Regulatory Entry Into UAE’s Fast-Growing Crypto HubThe license grants Circle the ability to offer regulated payment, settlement, and digital-asset services tied to USDC, giving the company a formal operating presence inside one of the world’s fastest-growing hubs for compliant crypto activity.

The move comes as the UAE continues to position itself as a global center for digital-asset regulation, with ADGM leading efforts to attract firms seeking clear rules for fiat-referenced tokens and tokenized financial services.

As part of its expansion, Circle appointed Dr. Saeeda Jaffar as Managing Director for the Middle East and Africa.

Dr. Jaffar, currently a senior executive at Visa overseeing the GCC region, will join Circle to guide its strategy, build regional partnerships, and push for broader adoption of USDC in business payments and financial infrastructure across the UAE and beyond.

Circle expands its regulatory footprint in the UAE

Announced at Abu Dhabi Finance Week:
→ Secured an @ADGlobalMarket FSRA Financial Services Permission to operate as a Money Services Provider

This milestone builds on USDC and EURC being the first stablecoins recognized by… pic.twitter.com/BCSDOpo3mb

— Circle (@circle) December 9, 2025
“Regulatory clarity is the foundation of a more open and efficient internet financial system. We are honored to work with the FSRA in ADGM,” Circle co-founder and CEO Jeremy Allaire said.

With the license in hand, Circle plans to expand regulated USDC use in corporate payments, settlement rails and developer infrastructure across the region.

The announcement also follows Dubai’s earlier recognition of USDC and EURC under the DFSA’s crypto token regime, giving Circle regulatory footing across both of the UAE’s major financial zones.

Stablecoins have also surged in mainstream adoption since President Donald Trump signed the GENIUS Act into law in July, establishing a federal framework for their issuance and oversight.

The law’s passage triggered a wave of new stablecoin initiatives from major financial institutions, including Bank of America, Morgan Stanley, and Robinhood.

Tether, Binance Secure Regulatory Approval in ADGMAs reported, Tether’s USDT stablecoin has also secured regulatory recognition as an approved fiat-referenced token across a wide range of blockchains inside the ADGM.

Tether said ADGM now permits licensed institutions in the financial free zone to conduct regulated activities involving USDT across Aptos, Celo, Cosmos, Kaia, Near, Polkadot, Tezos, TON and TRON.

These approvals expand on earlier recognition for USDT on Ethereum, Solana and Avalanche.

On Monday, Binance disclosed that it has also secured full authorization to operate its flagship Binance.com platform under ADGM oversight, a milestone that comes after years of regulatory scrutiny.

Binance will operate through three distinct legal entities in the zone, an exchange, a clearing house and a broker-dealer, reflecting a traditional financial-market structure designed to enable regulated trading, custody, settlement and off-exchange services.

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Bitcoin (BTC) continued its volatile trajectory today, slipping 0.70% over the past 24 hours. The asset’s slump has raised concerns among traders.

However, some analysts argue that Bitcoin’s performance is a result of potential price manipulation, citing a recurring pattern of declines around the US market opening, as well as institutional involvement.

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Internal Manipulation vs. Market Dynamics: Decoding Bitcoin’s DeclineBitcoin has defied all bullish expectations in Q4, a period that has historically been strong for the asset. While the October 10 market crash was a major factor behind BTC’s downturn at the start of the quarter, market watchers are now questioning the persistence of this weakness.

Traders have become increasingly frustrated by Bitcoin’s lack of response to market developments. For example, yesterday, Strategy (formerly MicroStrategy) announced it had acquired 10,624 BTC for $962.7 million.

Yet despite this bullish news, Bitcoin is once again in the red today, down 0.70% and trading at $90,487.

Bitcoin Price Performance. Source: BeInCrypto MarketsOn the flip side, negative developments also trigger the same sell pattern. Analyst Ash Crypto highlighted that the market continues to behave irrationally and is not responding to positive developments as it typically would.

Bad news = Market dumps

Good news = Market dumps

Saylor buys $1B BTC = Market dumps

U.S. China Bullish news = Market dumps

This is insane level of Manipulation.

— Ash Crypto (@AshCrypto) December 8, 2025
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In a separate post, Ash suggested that Bitcoin’s crash from $126,000 to $80,000 cannot be dismissed as a normal market correction. He pointed out that since the October market crash and historic liquidation:

US equities have risen 8%, with many stocks hitting new record highs.
Bitcoin, however, remains 29% below its pre-crash level, and any short-term rallies have been met with heavy selling.
Roughly $500 million in liquidations occur nearly every other day, suggesting persistent forced selling.

“If it was just a leverage it should have been a very short term and the market should have bounced pretty fast but instead we kept dumping without any major bounce. This is not normal. This looks like a few big institutions are playing with the market and liquidating both longs and shorts. Another rumor in town is that many big funds blew up on October 10th and they are selling BTC to cover their losses,” he added.

Furthermore, another analyst pointed to Bitcoin’s weekend price action as evidence of the latest manipulation. The post revealed that the cryptocurrency briefly fell from around $89,700 to $87,700, triggering about $171 million in long liquidations.

Within hours, the move sharply reversed, with Bitcoin surging to around $91,200 and wiping out an additional $75 million in short positions.

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“This is another example of manipulation on the low-liquidity weekend to wipe out both leveraged longs and shorts,” Bull Theory wrote.

Is Jane Street Behind Bitcoin’s Morning Dumps?Interestingly, the market watcher also noted a clear trend: Bitcoin often experiences sharp declines around 10 a.m., after the US market opens. This pattern has been visible since early November and mirrors similar activity observed earlier in the year.

The consistency suggests a coordinated approach, rather than a random response. Bull Theory points to Jane Street, a major high-frequency trading firm, as a possible source. Jane Street reportedly holds $2.5 billion of BlackRock’s IBIT ETF, making it its fifth-largest position.

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“When you look at the chart, the pattern is too consistent to ignore: a clean wipeout within an hour of the market opening followed by slow recovery. That’s classic high-frequency execution. This means most of the dump in BTC isn’t due to macro weakness but due to manipulation by one major entity,” the analysis revealed.

Chart Showing Bitcoin’s Price Drops at the US Market Open. Source: X/Bull TheoryThe suspected strategy is simple. High-frequency traders dump BTC at market open, push the price into liquidity pockets, then buy back at lower levels. They repeat this cycle, benefiting from predictable volatility and accumulating billions in Bitcoin.

“Yes thats called wash trading and has been illegal on the Stock Market since 1933. No laws on crypto they can wash trade all they like till they pass Market Structure Bill. The problem with tracking Jane Street is they dont do it onchain they do it through ETFs. We cant track their moves. Wintermute uses onchain with Binance but Jane Street is totally opaque,” Marty Party stated.

Even so, analysts believe the impact may be temporary. Once major operators complete their accumulation phase, Bitcoin could resume an upward trajectory driven by fundamentals.

Terra Luna, a decentralized payments network, is once again in the spotlight after the token jumped 29% over the last 24 hours and nearly 100% this week. But what’s really driving this surprising comeback? 

Let’s break down the key reasons behind LUNA’s latest surge.

Terra Chain v2.18 UpgradeOne of the main reasons behind the recent rise in the Terra Luna token is the successful rollout of the Terra Chain v2.18 upgrade on December 8. This update fixed several bugs, improved network efficiency, and pushed trading volume above $200 million. 

Major exchanges also showed strong support, Binance even paused deposits and withdrawals on the Terra (LUNA) network to ensure a smooth upgrade and better user experience.

Do Kwon’s Sentencing Drives AttentionAnother major factor behind Terra’s sudden recovery is the renewed focus on Do Kwon’s December 11 sentencing. After pleading guilty to charges linked to the $40 billion Terra crash, U.S. prosecutors are asking for 12 years, while Kwon’s legal team is seeking five years.

This upcoming verdict has created a spike in interest across Terra-related tokens as traders position themselves ahead of the announcement.

Terra Ecosystem LUNC Token Burn SpikeAnother big factor boosting sentiment is the sharp increase in Terra Luna Classic (LUNC) token burns. Developers and exchanges like Binance burned nearly 1.57 billion LUNC just last week.

So far, 428 billion LUNC have been burned out of the 6.47 trillion circulating supply. 

Meanwhile, this massive burn helped push the LUNC price up nearly 160% in recent days before cooling off around $0.000052.

Terra Luna Price Outlook: Can LUNA Hold Its Gains?After dropping sharply from $0.1644, buyers returned at $0.098, forming a strong recovery candle that pushed LUNA back above $0.13. The token now trades near $0.1247, but a slight pullback shows short-term selling pressure.

If sellers push the price below $0.1218, LUNA could retest $0.1182 or even $0.1124.

On the bullish side, if LUNA breaks above the $0.1276–$0.1300 resistance zone, the move could open the way for a rally toward $0.1400, and with strong momentum, even a retest of $0.1644.

Meanwhile, the RSI at 47.5 shows LUNA still has room to move higher if buyers regain strength.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsWhy is Terra Luna (LUNA) rising today?

LUNA is jumping due to the Terra Chain v2.18 upgrade, stronger exchange support, and renewed interest from upcoming legal developments around Do Kwon.

How does the Terra Chain v2.18 upgrade affect LUNA’s price?

The v2.18 upgrade improves speed, fixes bugs, and boosts network stability, helping increase trading activity and strengthen investor confidence.

Can Terra Luna hold its recent gains?

LUNA must stay above key support levels, but breaking resistance could extend its rally. Market momentum and trader demand will determine the trend.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Luisa Crawford
Dec 09, 2025 07:48

Cronos (CRO) One introduces a streamlined onboarding hub for Web3 users, facilitating wallet setup and verification while enhancing DeFi accessibility and trust.

Cronos (CRO) has unveiled Cronos One, a new unified onboarding hub designed to simplify the Web3 user experience by integrating essential entry steps into a single platform. According to the Cronos blog, this launch marks a significant advancement in making decentralized finance (DeFi) more accessible and trustworthy.

Streamlined User Experience
Cronos One aims to ease the transition for both new and cross-chain users by providing a streamlined process. Users can now manage their Crypto.com Card directly from their non-custodial wallets, retaining control over their assets. The platform enables users to verify their wallets through a gasless flow that connects the wallet to a verified Crypto.com account, facilitating the loading of crypto, instant conversion, and spending.

This verification process, known as Cronos Verify, serves as a bridge between traditional finance and decentralized finance, ensuring privacy by not publishing personal information but confirming the wallet's verification status.

Unlocking Ecosystem Benefits
Verified users within the Cronos ecosystem gain access to numerous benefits, including gasless transactions on Cronos Chain, domain rebates from Cronos ID, zero trading fees on Moonlander, booster vouchers on Delphi, and priority allocation on VVS. The platform anticipates adding further benefits through partnerships and projects in the future.

Future of On-Chain Participation
Cronos One also integrates AI-powered navigation tools to enhance user interaction with the DeFi landscape, offering insights into yield opportunities and portfolio performance. This initiative aligns with the increasing developer interest in agent-driven transactions, programmable payments, and identity-aware decentralized applications (dApps), with Cronos One providing the necessary trustable identity layer for these innovations.

Cronos One is now live, offering a gateway for users to explore and participate in the Cronos ecosystem. For more information, visit their official site at one.cronos.org.

Image source: Shutterstock

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SPX extends its bullish breakout with a 12% surge as whale accumulation and rising Open Interest drive momentum toward $1.

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A new ranking from blockchain intelligence firm Santiment highlights where the most meaningful coding work is happening inside Ethereum’s orbit — and the findings point to a reshuffling of perceived influence.

While Ethereum remains the foundational network powering decentralized finance and web3 applications, Chainlink is attracting the most active developer resources, according to Santiment’s 30-day tracking.

Chainlink registered 256.5 measurable contributions, more than triple second-place Status and far beyond Ethereum’s own base-layer count. Santiment notes that coding frequency on public repositories reflects real activity such as upgrades, feature deployments, and ecosystem support — all of which can carry deeper significance than token movements.

Interestingly, Ethereum itself placed third, a reminder that innovation is no longer concentrated solely at the base protocol level. Several higher-layer projects have evolved into technical hubs in their own right.

From oracle connectivity to metaverse environments, to decentralized compute and cloud storage networks, the list paints a picture of broad experimentation.

Projects such as Decentraland, Internxt, Holo, Lido DAO, Curve, Livepeer and The Graph all recorded substantive activity. Though each serves radically different purposes — data indexing, streaming media, liquid staking, DeFi liquidity, gaming economy infrastructure — their development momentum suggests Ethereum remains an expanding multi-sector ecosystem.

🧑‍💻 Here are crypto's top coins that are partially or fully associated with the Ethereum-based ecosystem, by development activity. Directional indicators represent each project's ranking positioning since last month:

📈 1) @chainlink $LINK 🥇
📈 2) @ethstatus $SNT 🥈
📈 3)… pic.twitter.com/fmqFKYT8rc

— Santiment (@santimentfeed) December 8, 2025

Santiment emphasizes that developer output is often counter-cyclical to price behavior. During quieter market periods or drawdowns, dedicated teams continue building. In its view, this is a useful indicator because markets frequently reward quality of infrastructure later, long after short-term narratives fade.

Chainlink’s lead is particularly notable given its positioning as Ethereum’s largest external oracle network — the bridge between off-chain information and on-chain execution. The firm argues that such activity reinforces LINK’s centrality to increasingly complex DeFi architectures, where reliable data feeds are mission-critical.

Ultimately, Santiment’s ranking reveals a maturing ecosystem no longer driven only by base blockchain upgrades but by a web of specialized networks extending Ethereum’s reach. If development energy is a precursor to where value migrates next, then the industries represented by today’s most active builders — staking, data infrastructure, interoperability and decentralized media — may be shaping Ethereum’s competitive terrain for the next phase of growth.

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Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

The partnership includes plans for a Cronos private trust and a future ETF.
This will offer retail and institutional investors CRO investment products for regulated exposure to Cronos.

Expanding Access to Cronos
Cronos is an Ethereum-compatible Layer 1 blockchain that runs on the Cosmos SDK. It is a framework designed to make blockchain development easier and more efficient. Its compatibility with the Ethereum Virtual Machine and the Cosmos ecosystem allows developers to use existing tools and integrate seamlessly with a wide range of decentralized applications. Cronos also prioritizes low transaction fees and high scalability, making it attractive for both developers and everyday users.

By offering investment products like ETFs, 21Shares and Crypto.com aim to bridge the gap between the crypto world and regulated financial markets. Federico Brokate, Global Head of Business Development at 21Shares, highlighted that the partnership provides “institutional-grade regulated exposure to the most relevant crypto assets,” reflecting a trend where investors increasingly seek reliable, transparent ways to access digital currencies without directly holding them.

Breaking: CRO enters a new chapter in the U.S. market 🇺🇸https://t.co/vCNztATkNg and 21Shares US have formed a strategic partnership to enable proposed investment products tracking CRO.

A proposed CRO Private Trust and ETF (subject to approvals) are intended to expand regulated… pic.twitter.com/Y5VdzNWgEE

— Crypto.com (@cryptocom) December 8, 2025

Crypto.com’s President and COO, Eric Anziani, emphasized that enabling more trading options supports mainstream adoption of cryptocurrencies. The collaboration also underscores Crypto.com’s long-standing commitment to the Cronos network, which has attracted a growing number of decentralized finance (DeFi) projects. For example, the Crypto.com NFT marketplace, powered by Cronos, has hosted over a million trades, showing real-world adoption and engagement with the blockchain.

More About Crypto.com
Crypto.com announced that Cardinal Infrastructure Group (CDNL) is now open for pre-IPO orders, giving investors a chance to participate before the company officially goes public. Early Bird access is available for a limited time, allowing interested buyers to secure shares ahead of CDNL’s expected IPO on December 12, 2025.

Cardinal Infrastructure Group (CDNL) is now open for pre-IPO orders!

Early Bird access is available for a limited time ahead of CDNL’s expected IPO on Dec 12, 2025.

Set your limit price and get notified when trading begins. 🔔

Secure your spot early 👇https://t.co/Q6C38J1EJ3 pic.twitter.com/UeutdA97my

— Crypto.com (@cryptocom) December 7, 2025

This move provides an opportunity for retail and institutional investors to gain early exposure to the company. Right before it enters the broader market.

Disclaimer
The information provided by Altcoin Buzz is not financial advice. It is intended solely for educational, entertainment, and informational purposes. Any opinions or strategies shared are those of the writer/reviewers, and their risk tolerance may differ from yours. We are not liable for any losses you may incur from investments related to the information given. Bitcoin and other cryptocurrencies are high-risk assets; therefore, conduct thorough due diligence. Copyright Altcoin Buzz Pte Ltd.

XRP showcased a pivotal trading session as the token briefly flushed from $2.03 to the critical $2.00 psychological level, triggering a massive 129.7 million volume spike — a surge of 251% above its 24-hour average. While the drop reflected intense selling pressure, it also revealed aggressive institutional absorption exactly at the $2.00 floor. This rapid liquidity intake fueled a sharp V-shaped recovery, pushing XRP back into the $2.07–$2.08 range and highlighting strong underlying demand from larger market participants.

The broader market backdrop continues to favor institutional accumulation. U.S. spot XRP ETFs have recorded uninterrupted inflows exceeding $1 billion since launch, marking the fastest early adoption curve for any altcoin ETF. This steady influx contrasts with muted retail sentiment, resulting in an environment where professional traders buy into weakness while retail investors hesitate. Despite declining derivatives open interest, ETF demand is providing a stabilizing force for XRP's macro structure.

Technically, XRP is maintaining a pattern of higher lows on intraday charts, suggesting early signs of trend reacceleration. However, repeated rejections near the $2.08–$2.11 resistance band indicate persistent overhead supply. Momentum indicators are showing bullish divergence, but a sustainable breakout requires stronger volume on upward moves rather than only during selloffs.

Across the 24-hour window, XRP traded within a tight $2.00–$2.08 band, failing three times to break above $2.08. Still, the token closed with consolidation around $2.06–$2.08, signaling stabilization above support even as range compression persists.

For traders, the $2.00 support remains the defining threshold. Institutional buying below this level hints at preparations for a broader expansion phase. A decisive breakout above $2.11 could open the path toward $2.20–$2.26, while a failure to hold $2.00 may trigger a retest of $1.95 — another zone where ETF-driven demand could reemerge. The ongoing disconnect between heavy institutional inflows and subdued retail activity continues to create asymmetric upside potential if resistance levels give way.

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Deep out-of-the-money (OTM) bitcoin put options are gaining remarkable traction across longer-dated expiries, signaling that traders are positioning for potentially explosive volatility rather than a straightforward price crash. On Deribit, the world’s leading crypto options exchange, the $20,000 strike put for the June 2026 expiry has become the second most actively held contract, with more than $191 million in notional open interest. Notional open interest reflects the total dollar value of active contracts, and OTM puts—priced below Bitcoin’s current market value—tend to be inexpensive compared to options closer to spot levels.

The June expiry also shows heavy activity in other OTM puts at the $30,000, $40,000, $60,000, and $75,000 levels. While deep OTM put buying is often interpreted as hedging against a severe market decline, Deribit’s order flow suggests a more nuanced narrative. Traders are simultaneously targeting extremely high-strike calls above $200,000, indicating that market participants are seeking low-cost exposure to both tails of the volatility curve.

According to Deribit’s Global Head of Retail, Sidrah Fariq, this trend reflects a broader bullish sentiment on long-dated volatility rather than a directional bet. She explained that professionals are employing “deep wing” strategies—using far-from-spot options to cheaply express volatility views and fine-tune tail risk. With BTC trading around $90,500 at the time of writing, neither a $20,000 put nor a $230,000 call is realistically positioned as a simple hedge, reinforcing the idea that traders are targeting potential extreme moves in either direction.

Holding both OTM calls and puts can create asymmetric returns if Bitcoin experiences sudden and significant price swings. However, if the market remains stagnant, these contracts rapidly lose value due to time decay. As institutions continue using options to navigate price action, volatility, and risk management—particularly through products like BlackRock’s IBIT ETF—the crypto derivatives landscape is becoming increasingly sophisticated.

Despite this surge in volatility-focused strategies, market sentiment skews slightly bearish overall. Data from Amberdata shows BTC puts trading at a premium to calls across multiple expiries, partly driven by widespread call-overwriting strategies traders use to generate additional yield.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

8h45 ▪
5
min read ▪ by
Luc Jose A.

Summarize this article with:

What if bitcoin became the foundation of the future global banking system ? Michael Saylor, executive chairman of Strategy, now urges nation-states to create digital banks backed by bitcoin. Far from an isolated provocation, this proposal fits into a climate of financial market shifts, marked by growing distrust of traditional banks and a global search for more profitable and resilient solutions against economic uncertainties.

In brief

Michael Saylor proposes to states to create digital banks backed by Bitcoin to compete with the traditional banking system.
These banks would offer high-yield and low-volatility accounts, supported by over-collateralized BTC reserves.
According to Saylor, such a model could attract between 20,000 and 50,000 billion dollars of deposits worldwide.
However, this model triggers criticism, notably about liquidity and the ability to maintain stability in case of massive withdrawals.

Towards a new banking era? Saylor’s proposal to the states
While Strategy has just surpassed 660,000 Bitcoins in reserve after a new acquisition, Michael Saylor unveiled a new banking model during a conference organized by the Atlas Society. “You can become the digital banking capital of the world”, these were the words the executive chairman of Strategy used to address states at the Bitcoin MENA summit in Abu Dhabi.

He proposes that nations set up digital banks backed by bitcoin, capable of competing with traditional institutions by offering high-yield, low-volatility accounts supported by an over-collateralized BTC reserve.

The goal is to attract massive capital flows worldwide, breaking away from banking models considered underperforming. According to his estimates, this type of infrastructure could generate between 20 and 50 trillion dollars in capital inflows, positioning a country as a global hub of digital finance.

Saylor bases his proposal on the growing gap between demand for yield and the performance of classic bank deposits. He observes that bank accounts in Europe, Japan, or Switzerland offer near-zero rates, while euro money market funds cap at 1.5 % versus about 4 % in the United States.

This weakness pushes investors to turn to riskier products, such as corporate bonds. To respond to this, he envisions a model structured around three main pillars :

80 % digital credit instruments, to generate yield ;

20 % fiat currency reserves, to ensure liquidity ;

Over-collateralization in bitcoin at a 5:1 ratio, maintained by a “treasury”-type entity ;

An additional 10 % buffer reserve, designed to smooth system volatility.

This model would be deployed within regulated banks, capable of issuing attractive accounts on a large scale. It aims to compete with traditional systems on yield, but also on transparency and security, thanks to blockchain infrastructure.

Saylor claims such a system “could receive billions of dollars in deposits”, attracting individuals and institutions seeking reliable yield and alternatives to the classic banking system.

STRC, Strategy’s full-scale experiment
Beyond speeches, Michael Saylor already relies on concrete experience to demonstrate his model’s viability: STRC, a “money market”-type product launched by Strategy last July.

It is a preferred stock with variable yield, designed to offer returns close to 10 % while maintaining price stability near the nominal value. This structure relies on the company’s Bitcoin reserves, used as a treasury operations base. The product has met some success with a market capitalization reaching 2.9 billion dollars.

However, this initiative was met with skepticism. Critical voices, such as Josh Man, former trader at Salomon Brothers, point out potential flaws in the model. “Raising rates on STRC to maintain a peg or price stability will not work when depositors want to withdraw their money”, he wrote, suggesting a real risk of liquidity and parity break.

He reminds that the fiat banking system, with its proven deposit management mechanisms, has built a bulwark that crypto alternatives still need to prove. The extreme volatility of bitcoin also remains a major barrier.

The idea of a banking system backed by bitcoin is gaining visibility. If some states take the step, the price of bitcoin could become a key variable in global financial balances, far beyond crypto spheres. A silent redefinition of monetary sovereignty seems underway.

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Luc Jose A.

Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019.
Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

One of the largest tech-focused exchange-traded funds (ETFs), the SPDR S&P Information Technology ETF (XLK - Free Report) , advanced for the 10th straight session on Dec. 5, 2026. The rally placed the ETF on track for its longest daily winning streak since September 2020, as mentioned in a CNBC article. The fund gained 3.5% last week, outperforming the broader market.

Big Tech Not Driving the GainsUnlike typical rallies, mega-cap tech names aren’t responsible for the rally this time. Meta Platforms Inc (META - Free Report) stock jumped 5.4% last week while Alphabet Inc Class A (GOOGL - Free Report) shares added 1.1%. But both stocks are absent in XLK.

Note that Alphabet and Meta Platforms, both part of the S&P’s Communications-Services sector rather than technology, were not the primary drivers of the move in XLK, the same CNBC article mentioned. However, NVIDIA Corp (NVDA - Free Report) — the top-most holding of the ETF — added over 4% last week.

Chipmakers and Software Stocks Take the LeadAlong with NVIDIA, gains were powered by stocks such as SanDisk (SNDK), Salesforce (CRM), Adobe (ADBE), Micron Technology (MU) and Intel (INTC), all rising more than 4% on Dec. 5, 2025. For the week, leaders include Microchip Technology (MCHP), NXP Semiconductors (NXPI), AppLovin (APP), Salesforce andSynopsys (SNPS), CNBC mentioned.

Semiconductors’ Outlook for 2026The World Semiconductor Trade Statistics (WSTS) organization increased the 2025 growth outlook and stressed upbeat, continued momentum for the global semiconductor market through 2026, as quoted in an article published on Any Silicon.

For 2026, WSTS forecasts the global semiconductor market to grow more than 25%, reaching $975 billion. Memory and Logic are projected to lead the charge, both increasing by over 30% year over year, the above-mentioned source noted.

PWC too believes that the semiconductor market is projected to reach $0.6 trillion in 2024 at a compound annual growth rate (CAGR) of 8.6%, surpassing $1 trillion by 2030. Among the various sectors, semiconductors for Server and Network are expected to grow the fastest clip, at an annual rate of 11.6%, thanks to the boom in generative AI services.

Software Market’s Outlook for 2026The global software market size accounted for $823.9 billion in 2025 and is expected to reach around $2,248.33 billion by 2034, at a CAGR of 11.8% from 2025 to 2034, per Precedence Research. The market's expansion will thrive on the integration of AI, the rise of cloud computing, and the growing demand for improved cybersecurity solutions.

Bottom LineThe ETF XLK’s continued rally reflects broad-based strength beyond mega-cap tech, with chipmakers and software stocks driving momentum. With strong growth forecasts for semiconductors and software, these segments are likely to act as key growth engines of the tech sector in 2026.

So, VanEck Semiconductor ETF (SMH - Free Report) and State Street SPDR S&P Software & Services ETF (XSW - Free Report) can be good plays. SMH sports a Zacks Rank #1 (Strong Buy) while XSW has a Zacks Rank #2 (Buy).

-  MQ-28 Collaborative Combat Aircraft (CCA) shoots down an airborne target
-  Groundbreaking mission showcases MQ-28 Ghost Bat's autonomous end-to-end combat capabilities
-  Counter-air weapons engagement demonstrates power of crewed-uncrewed teaming between an MQ-28, E-7A and F/A-18F

, /PRNewswire/ -- In a historic achievement, Boeing [NYSE: BA] and the Royal Australian Air Force (RAAF) have successfully executed a force integrated air-to-air autonomous weapon engagement from an MQ-28 Collaborative Combat Aircraft.

The landmark mission involved an MQ-28 Ghost Bat teaming with a RAAF E-7A Wedgetail and F/A-18F Super Hornet to destroy a fighter-class target drone.

An MQ-28 Ghost Bat fires an AIM-120 missile to successfully demonstrate a force integrated air-to-air autonomous weapon engagement. (Boeing)

"This is the first time an autonomous aircraft has completed an air-to-air weapon engagement with an AIM-120 missile, establishing the MQ-28 as a mature combat capable CCA," said Amy List, managing director, Boeing Defence Australia.

"This latest achievement proves the advantage specialized CCA platforms bring to defense forces' mission effectiveness, delivering increased operational mass and data exchange for informed decision-making while reducing cost and crewed pilot risk."

Key mission highlights:

The MQ-28, E-7A and F/A-18F launched from separate locations.
Once airborne, an E-7A operator took custodianship of the MQ-28 ensuring safety and engagement oversight.
The F/A-18F teamed with the MQ-28 in combat formation to provide sensor coverage, and once the Super Hornet identified and tracked the target, targeting data was shared across all three platforms.
The MQ-28 adjusted its position and received authorization from the E-7A to engage and successfully destroy the target using a Raytheon AIM-120 AMRAAM missile.
"This exercise demonstrates the maturity and sophistication of Boeing's mission autonomy solution which is built on open standards and government architectures and is capable of integrating with fourth, fifth and sixth generation aircraft," said Colin Miller, vice president and general manager for Phantom Works, Boeing Defense, Space & Security's advanced research, development and rapid prototyping division.

"It is a true example of speed-to-capability. The team implemented open architectures and an advanced digital ecosystem to develop the necessary hardware, software, and mission systems required to successfully integrate, test and employ the weapon in a live, operationally relevant scenario in under eight months."

The exercise was a collaborative effort between Boeing, the RAAF, U.S. Air Force and industry partners. 

A leading global aerospace company and top U.S. exporter, Boeing develops, manufactures and services commercial airplanes, defense products and space systems for customers in more than 150 countries. Our U.S. and global workforce and supplier base drive innovation, economic opportunity, sustainability and community impact. Boeing is committed to fostering a culture based on our core values of safety, quality and integrity.

Contact:
Belinda Egan
Boeing Australia Communications
+61 468 537 002
[email protected]

Boeing Media Relations
[email protected]
www.boeing.com.au

SOURCE Boeing

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.

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SummaryArdagh Metal Packaging trades at distressed valuations due to market skepticism over its high yield and perceived fragile dividend.AMBP’s fundamentals are stable: over 80% of earnings are from long-term contracts, and free cash flow supports the dividend despite high leverage.Capex discipline, steady deleveraging, and normalized cash flows position AMBP for a potential 38–69% equity upside as sentiment catches up.Risks include the need for ongoing deleveraging, Brazil market volatility, and refinancing terms, but current operations support a sustainable payout. Susumu Yoshioka/DigitalVision via Getty Images

Looking at the valuation, structural concerns and refinancing issues at Ardagh Metal Packaging (AMBP), the market thinks that the high 10% yield comes through more as a warning signal than anything else. Seeking Alpha’s

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.

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Contango Ore, Inc. (CTGO) M&A Call December 8, 2025 1:00 PM EST

Company Participants

Rick Van Nieuwenhuyse - President, CEO & Director
Shawn Khunkhun - President, CEO & Director

Conference Call Participants

Romeo Maione - 6ix
Marcus Giannini - Haywood Securities Inc., Research Division

Presentation

Romeo Maione
6ix

Good morning, good afternoon or good evening, depending on where the world you're signing in from today. I noted to the speakers, every continent is well represented in our audience except Antarctica. If somebody does want to log in from one of those science stations, that would be cool. I'm thrilled to be joined today by the CEO of Contango Ore, Rick Van Nieuwenhuyse; and the CEO of Dolly Varden Silver, Shawn Khunkhun. Gentlemen, how are you today?

Rick Van Nieuwenhuyse
President, CEO & Director

Doing good.

Shawn Khunkhun
President, CEO & Director

Doing very, very good. Thanks for having us, Romeo.

Romeo Maione
6ix

Great. So we're here to chat obviously about this morning's big news. Two companies are intending to merge. I know it's a very big crowd in the audience today. I'd like to thank everybody for joining, but I also want to let you guys know how today is going to work. First, Rick and Shawn are going to go over a deck outlining the proposed merger, then I've got some questions for them. Then we have a couple of select questions from analysts who are joining us today, but then this is an open forum. So there's a chat button on the bottom right of the screen where you can ask questions at any point during today's event. I'll try to get to as many as I can, and I will be combining questions that are similar. So you don't get yours asked exactly. It might be covered by another one that's phrased similarly.

Recommended For You

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.

Approval based on phase II NOBILITY and phase III REGENCY studies showing superiority of Gazyva/Gazyvaro over standard therapy alone1,2Gazyva/Gazyvaro is the only anti-CD20 antibody to demonstrate a benefit in a complete renal response in lupus nephritis in a randomised phase III study2 Gazyva/Gazyvaro could become a new standard of care for up to an estimated 135,000 people affected by lupus nephritis in the European Union, potentially helping to delay or prevent end-stage kidney disease3,4  Basel, 9 December 2025 - Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today that the European Commission has approved Gazyva®/Gazyvaro® (obinutuzumab) in combination with mycophenolate mofetil (MMF) for the treatment of adult patients with active Class III or IV, with or without concomitant Class V, lupus nephritis. These disease classifications describe the extent and nature of damage to the kidneys and renal function, a key characteristic of lupus nephritis.

“This approval marks a major advance in the treatment of lupus nephritis for people across Europe who wrestle with this disease,” said Levi Garraway, MD, PhD, Roche’s Chief Medical Officer and Head of Global Product Development. “By controlling disease activity, Gazyva/Gazyvaro could help delay or prevent progression to end-stage kidney disease and the need for dialysis or transplant, underscoring its potential to become a new standard of care in Europe.”

The approval is based on positive results from the phase II NOBILITY and phase III REGENCY studies. Key results from REGENCY, published in the New England Journal of Medicine, demonstrated that 46.4% of people on Gazyva/Gazyvaro plus standard therapy (MMF and glucocorticoids) achieved a complete renal response compared to 33.1% on standard therapy alone. Data showed a statistically significant and clinically meaningful reduction of corticosteroid use and an improvement in proteinuric response, all signalling improved disease control. Additionally, clinically meaningful improvements in complement levels and reductions in anti-dsDNA were observed, both markers of disease activity and inflammation. The safety profile of Gazyva/Gazyvaro was consistent with the well-characterised profile observed in its haematology-oncology indications.2

“The symptoms of lupus nephritis and their unpredictable nature can impact quality of life, emotional wellbeing and limit future family and career prospects,” said Jeanette Andersen, Chair of Lupus Europe. “This approval for Gazyva/Gazyvaro offers a much needed treatment that may help ease the burden of living with this complex disease and reflects the vital role of patient community experts in trial development.”

Lupus nephritis is a potentially life-threatening disease that predominantly affects women of colour and childbearing age, with up to an estimated 135,000 people currently living with the condition across the European Union.3-5 With current treatments, up to one third of people will progress to end-stage kidney disease (ESKD) within 10 years, where the only options are dialysis or transplant.6 New treatments that can effectively control the disease may help delay or prevent the onset of ESKD.6,7

This approval follows the Gazyva/Gazyvaro approval by the US Food and Drug Administration for the treatment of adults with active lupus nephritis who are receiving standard therapy in October 2025. Additionally, recent positive phase III read-outs in childhood idiopathic nephrotic syndrome and adult systemic lupus erythematous support the potential of Gazyva/Gazyvaro to help address disease activity across a spectrum of autoimmune or immune-related diseases.

Gazyva/Gazyvaro continues to be investigated in children and adolescents with lupus nephritis and adults with membranous nephropathy, as part of our ambition to be leaders in immune-mediated rheumatology and nephrology diseases.8,9

About Gazyva/Gazyvaro
Gazyva®/Gazyvaro® (obinutuzumab) is a humanised monoclonal antibody designed with a Type II anti-CD20 region, for direct B cell death, and a glycoengineered Fc region, for higher binding affinity and increased antibody-dependent cellular cytotoxicity (ADCC).10 CD20 is a protein found on certain types of B cells. 

Gazyva/Gazyvaro is approved for adults with lupus nephritis in the United States and European Union and in over 100 countries for various types of haematological cancers.

About the REGENCY study
REGENCY [NCT04221477] is a phase III, randomised, double-blind, placebo-controlled, multicentre study investigating the efficacy and safety of Gazyva®/Gazyvaro® (obinutuzumab) plus standard therapy (mycophenolate mofetil and glucocorticoids) in people with active/chronic International Society of Nephrology/Renal Pathology Society 2003 proliferative Class III or IV lupus nephritis, with or without Class V. The study enrolled 271 people, who were randomised 1:1 to receive either Gazyva/Gazyvaro plus standard therapy or placebo plus standard therapy. REGENCY was designed based on robust phase II data and conducted during the COVID-19 pandemic. The study population was representative of the real-world population of people with lupus nephritis. 

About Lupus nephritis
Lupus nephritis is a potentially life-threatening manifestation of systemic lupus erythematosus, an autoimmune disease that commonly affects the kidneys.11 Lupus nephritis is characterised by an irreversible loss of nephrons, the filtering structures of the kidneys. Periods of intense disease activity, known as flares, can speed up the loss of nephrons and, if left unchecked, may lead to a progressive loss of kidney function. Even with the latest treatments, up to a third of people will progress to end-stage kidney disease, where dialysis or transplant are the only options and life expectancy and quality of life are substantially reduced.6

Lupus nephritis affects more than 1.7 million people worldwide – predominantly women, mostly of colour and usually of childbearing age.5,12,13 Currently, there is no cure.11

About Roche
Founded in 1896 in Basel, Switzerland, as one of the first industrial manufacturers of branded medicines, Roche has grown into the world’s largest biotechnology company and the global leader in in-vitro diagnostics. The company pursues scientific excellence to discover and develop medicines and diagnostics for improving and saving the lives of people around the world. We are a pioneer in personalised healthcare and want to further transform how healthcare is delivered to have an even greater impact. To provide the best care for each person we partner with many stakeholders and combine our strengths in Diagnostics and Pharma with data insights from the clinical practice.

For over 125 years, sustainability has been an integral part of Roche’s business. As a science-driven company, our greatest contribution to society is developing innovative medicines and diagnostics that help people live healthier lives. Roche is committed to the Science Based Targets initiative and the Sustainable Markets Initiative to achieve net zero by 2045.

Genentech, in the United States, is a wholly owned member of the Roche Group. Roche is the majority shareholder in Chugai Pharmaceutical, Japan.

For more information, please visit www.roche.com.

All trademarks used or mentioned in this release are protected by law. 

References
[1] Furie RA, et al. B-cell depletion with obinutuzumab for the treatment of proliferative lupus nephritis: a randomised, double-blind, placebo-controlled trial. Ann Rheum Dis. 2022 Jan;81(1):100-07.
[2] Furie RA, et al. Efficacy and safety of obinutuzumab in active lupus nephritis. N Engl J Med. 2025 Feb;392:1471-83.
[3] Cornet A, et al. Experiences and unmet needs of persons living with systemic lupus erythematosus in Europe: Lupus Europe's 2024 Swiss knife survey. Autoimmun Rev. 2025 Jul 31;24(8):103838.
[4] Bechler KK, et al. Predicting patients who are likely to develop Lupus Nephritis of those newly diagnosed with Systemic Lupus Erythematosus. AMIA Annu Symp Proc. 2023 Apr 29:2022:221-30.
[5] Anders HJ et al. Lupus nephritis. Nat Rev Dis Primers. 2020 Jan 23;6(1):7.
[6] Mok C, et al. Treatment of lupus nephritis: consensus evidence and perspectives. Nat Rev Rheumatol. 2023 Apr;19(4):227-38.
[7] American College of Rheumatology (ACR). New ACR guideline summary provides guidance to screen, treat, and manage lupus nephritis. [Internet; cited 2025 December 8]. Available from: https://rheumatology.org/press-releases/new-acr-guideline-summary-provides-guidance-to-screen-treat-and-manage-lupus-nephritis.
[8] Clinicaltrials.gov. A study to evaluate the efficacy, safety, and pharmacokinetics of obinutuzumab in adolescents with active class III or IV lupus nephritis and the safety and PK of obinutuzumab in pediatric participants (POSTERITY). [Internet; cited 2025 December 8]. Available from: https://clinicaltrials.gov/study/NCT05039619.
[9] Clinicaltrials.gov. A study evaluating the efficacy and safety of obinutuzumab in participants with primary membranous nephropathy (MAJESTY). [Internet; cited 2025 December 8]. Available from: https://clinicaltrials.gov/study/NCT04629248.
[10] Herter S, et al. Preclinical activity of the type II CD20 antibody GA101 (obinutuzumab) compared with rituximab and ofatumumab in vitro and in xenograft models. Mol Cancer Ther. 2013 Oct;12(10):2031-42.
[11] Hocaoglu M et al. Incidence, prevalence, and mortality of lupus nephritis: a population-based study over four decades using the Lupus Midwest Network. Arthritis & Rheumatol 2023 Apr;75(4):567-5.
[12] Tian J, et al. Global epidemiology of systemic lupus erythematosus: a comprehensive systematic analysis and modelling study. Ann Rheum Dis. 2023 Mar;82:351-56.
[13] Bastian HM, et al. Systemic lupus erythematosus in three ethnic groups. XII. Risk factors for lupus nephritis after diagnosis. Lupus. 2002;11(3):152-60. 

Roche Global Media Relations
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Media Investor Release EU Approval Gazyva Lupus Nephritis English

The French carmaker will build two entry-level electric vehicles, part of a relaunch of Ford's embattled European business.

Ford outlines next phase in path to building a sustainably profitable business in Europe anchored by two pillars – defending leadership with Ford Pro commercial vehicles and services, and a new lineup of electrified passenger vehicles
A new strategic partnership with Renault Group combines industrial scale with Ford's distinctive design to deliver affordable, innovative EVs
A new generation of multi-energy vehicles will arrive starting in 2028, featuring unmistakable Ford driving dynamics and digital experiences
Ford calls on European policymakers to align CO2 targets with market realities to ensure a successful and sustainable industrial transition

, /PRNewswire/ -- Ford today announced the next phase of its European transformation, reinforcing its commitment to the region for both retail and commercial customers with a strategy focused on agility, cost efficiency, and a sharpened brand promise.

Ford's strategy for Europe is built on three pillars – further strengthening its successful Ford Pro commercial vehicle division, expanding the Ford passenger car range with distinctive new vehicles, and optimising its industrial system to drive scale and cost efficiencies.

Building towards a sustainably profitable business in Europe, Ford's next chapter will see a new product offensive driven by the introduction of new multi-energy, affordable cars and commercial vehicles designed to support customer choice on their journey to electrification and boost the company's competitiveness in an aggressive market. The planned new vehicles will enhance Ford's existing product range and are expected to arrive in showrooms in 2028.

"As an American company, we see Europe as the frontline in the global transformation of our industry," said Jim Farley, president and CEO of Ford Motor Company. "How we compete here -- how we innovate, partner, and invest -- will write the playbook for the next generation. We are committed to a vibrant future in Europe, but that future requires us to move with greater speed and efficiency than ever before."

Ford today announced a strategic *partnership with Renault Group as a first step to accelerate this plan. The partnership includes:

Passenger Vehicles: An agreement to jointly develop two Ford-branded electric vehicles on Renault's Ampere platform, arriving in showrooms in 2028. While leveraging shared architecture for efficiency, Ford will lead the design and driving dynamics to ensure these vehicles are distinctly Ford.
Commercial Vehicles: A Letter of Intent (LOI) to explore the joint development and manufacture of Ford and Renault branded light commercial vehicles, leveraging common platforms to drive industrial scale.

The partnership combines the expertise, industrial scale and supply base of two major brands, delivering the efficiency and manufacturing scale needed to compete in a highly dynamic region.

"Our plan is about unleashing the Blue Oval," said Jim Baumbick, president, Ford Europe. "We are leveraging strategic partnerships to ensure competitiveness, but we are obsessing over the product. These will be fun-to-drive, fully connected vehicles that stand out from the crowd."

Harnessing data to drive productivity for commercial customers

Ford Pro continues to be the engine of the company's European business. The division is moving beyond hardware to offer a comprehensive ecosystem of software and services. By turning billions of vehicle data points into actionable intelligence, the Ford Liive Uptime system delivered an estimated 820,000 additional days of vehicle uptime to European businesses in 2024 alone.

Building on a history of partnerships, optimizing Ford's industrial footprint

Today's announcement with the Renault Group builds on Ford's history of successful partnerships in Europe with Koç Holding and Volkswagen. We are leveraging partner platforms to develop products that are unmistakably Ford - affordable, innovative and highly differentiated.

Ford Otosan, our joint venture with Koç Holding is widely regarded as one of the most successful partnerships in the industry and is a significant value driver for our commercial vehicle business in Europe. Integrated with Ford's European industrial footprint, Ford Otosan plants are supplied with electric drive units produced in Halewood, UK following a £380 million investment in the plant, and advanced engine technology from Ford's Dagenham plant in the UK.

Our cooperation with Volkswagen is delivering significant contributions to strengthening both our commercial vehicle and passenger car businesses. Ford's current range of electric vehicles from the alliance are produced at its new Electric Vehicle Centre in Cologne, Germany.

At the same time, Ford is evolving its industrial operations in Europe, designed to support the shift to multi-energy vehicles and deliver customer choice. Ford's Valencia plant will continue to play a critical role in realizing Ford's plan for an enhanced passenger vehicle portfolio in Europe.

Ford Calls for Constructive Policy Alignment

Ford's strategy for Europe is designed to navigate Europe's evolving CO2 emission regulations, providing customers with a range of affordable, multi-energy options during the transition to electrification. The current share of electric vehicles in Europe is steady at 16.1%, far below the required 25% of new vehicle registrations required to meet Europe's strict CO2 targets by 2025.  

"We need to enable everyone to benefit from electrification and letting customers choose – whether that's fully electric or hybrid vehicles," said Jim Baumbick, president, Ford Europe. "It is about making the transition more attractive and more affordable for all consumers and businesses, stimulating demand rather than stifling it."

Ford proposes three steps to ensure a successful transition:

Align Targets with Reality.  We must align CO2 targets with actual market adoption and provide automakers with a realistic and reliable 10-year planning horizon. This includes giving consumers the option to drive hybrid vehicles for longer, bridging the gap rather than forcing a leap they aren't ready to take.
Incentivize the Transition. European manufacturers have invested hundreds of billions in EVs. Governments must match that commitment with consistent purchase incentives and a charging infrastructure that extends beyond wealthy urban centres into the rural heartland.
Support the Working Economy. The current approach to commercial vehicles is an economic tax on the backbone of Europe. Only 8% of new vans are electric. These vehicles are tools for plumbers, florists, and builders. Aggressive CO2 targets on commercial vehicles unfairly penalize the small and medium-sized businesses that generate more than 50% of Europe's GDP.

* "Partnership" refers to the general cooperation between the parties and does not mean legal entity structure of partnership, financial or legal risk sharing

About Ford Motor Company

Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, committed to helping build a better world, where every person is free to move and pursue their dreams. The company's Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty.  Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Additionally, Ford provides financial services through Ford Motor Credit Company. Ford employs about 170,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.

SOURCE Ford