Market Signal Briefing

, /PRNewswire/ -- Johnson Fistel, PLLP announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Firefly Aerospace Inc. (NASDAQ: FLY) securities pursuant and/or traceable to the Company's Offering Documents issued in connection with its initial public offering ("IPO") on August 7, 2025, and/or between August 7, 2025 and September 29, 2025, inclusive (the "Class Period"). The lawsuit seeks to recover losses for investors under the federal securities laws.

What if I purchased Firefly Aerospace securities?
If you purchased Firefly Aerospace securities during the Class Period and suffered losses, you have until January 12, 2026 to seek appointment as lead plaintiff. Investors who suffered significant losses and would like to discuss their rights, or to determine whether they qualify to participate in any potential recovery, should visit: https://www.johnsonfistel.com/investigations/firefly-aerospace-fly/

You may also contact James Baker at (619) 814-4471 or [email protected], or Frank J. Johnson, Esq. at [email protected] to discuss your options privately.

What is this case about?
The Firefly Aerospace class action lawsuit alleges that throughout the Class Period, defendants made false and misleading statements regarding the Company's business and prospects. Specifically, the complaint alleges that Firefly exaggerated demand for its Spacecraft Solutions division and misled investors about the commercial potential of its Alpha rocket. As a result, the Company's public statements were false and materially misleading throughout the Class Period.

About Johnson Fistel, PLLP:

Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in securities class actions and shareholder-derivative litigation, including international investors trading on U.S. exchanges. In 2024, the firm was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, recovering approximately $90.7 million for investors in cases where it served as lead or co-lead counsel.

Attorney Advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]

SOURCE Johnson Fistel, PLLP

Key Takeaways
A discount retailer got a boost on Thursday, Dec. 4, 2025, as bargain-seeking shoppers bolstered its quarterly results, while a semiconductor stock retreated from its recent highs.Dollar General stock surged after the retailer topped quarterly sales and profit forecasts.
Shares of Intel pulled back following reports the company would retain its networking and communications unit.

Shares of a dollar-store chain took off after its latest quarterly report revealed its offerings are attracting cost-conscious consumers across income groups. Meanwhile, an American chipmaker came under pressure after reports that it's not looking to sell its networking business.

Major U.S. equities indexes finished Thursday's session mixed and little changed ahead of key inflation data due for release Friday morning, which could sway the Federal Reserve's upcoming decision on interest rates. The S&P 500 ticked 0.1% higher, and the Nasdaq rose 0.2%, while the Dow slid 0.1%. See here for more daily markets coverage from Investopedia. 

Dollar General (DG) shares surged 14% to log the S&P 500's top performance Thursday, after the discount retailer beat quarterly earnings estimates and lifted its full-year forecast. The company said it saw strong demand from consumers across income categories as shoppers search for value.

Shares of GE Vernova (GEV) advanced close to 5% after Barclays lifted its price target on the stock. Analysts pointed to strong demand for the energy technology company's gas and electrification equipment, bolstered by the buildout of data centers and electric vehicle charging infrastructure.

Meta Platforms (META) stock added 3.4% following reports the Facebook, Instagram, and WhatsApp parent is considering major cuts to its metaverse business. Meta's budget for the unit, which is focused on creating a virtual 3D universe where users can interact via avatars, could be reduced by as much 30% and will likely include layoffs, Bloomberg reported.

Intel (INTC) shares dropped nearly 8%, losing the most of any S&P 500 stock Thursday, after reports indicated the chipmaker plans to hold onto its networking and communications unit following a strategic review. The company reportedly considered selling or spinning off the unit earlier this year as part of a plan to exit noncore businesses. With the downturn Thursday, Intel stock gave back some of the recent gains posted amid speculation about possible new business from Apple (AAPL).

Shares of Kroger (KR) slid 4.6% after the supermarket chain reported lower-than-expected revenue for the third quarter. Although adjusted earnings per share surpassed consensus estimates, the company reported a net loss, reflecting the impact of a $2.6 billion impairment charge related to the closure of three automated delivery fulfillment facilities.

Executives from Marriott International (MAR) indicated that the hotel operator's revenue per available room could come in at the lower end of previous forecasts. The company pointed to softness in U.S. markets as a factor behind the more subdued outlook, which came just a few weeks after Marriott reduced its forecast for net room growth following the termination of its licensing agreement with short-term rental firm Sonder, which filed for bankruptcy in November. Marriott shares fell 3.5% Thursday.

Do you have a news tip for Investopedia reporters? Please email us at

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, /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, PLLP has launched an investigation into whether the board members of Semrush Holdings, Inc. (NYSE: SEMR) breached their fiduciary duties in connection with the proposed sale of the company to Adobe, Inc. (NASDAQ: ADBE).

If you own Semrush shares and believe this proposed transaction undervalues your investment, please consider joining our investigation. To participate or learn more, you can click or copy and paste the following link:
https://www.johnsonfistel.com/investigations/semrush-holdings-inc/

Shareholders seeking more information may also contact lead analyst Jim Baker ([email protected], 619-814-4471). If emailing, please include a phone number.

Background

On November 19, 2025, Semrush announced that it had entered into a definitive merger agreement with Adobe. Under the terms of the agreement, Semrush shareholders will receive $12.00 per share in cash for each share of common stock owned.
The proposed $12.00 per-share acquisition price is below Semrush's 52-week high of $18.74. It is noted that a Wall Street analyst has set a $21 per-share target.

About Johnson Fistel, PLLP | Top Law Firm – Securities Fraud & Investor Rights
Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits and also assists foreign investors who purchased shares on U.S. exchanges. Stay informed about stock-drop news and learn how Johnson Fistel can help you recover losses by visiting www.johnsonfistel.com.

Achievements
In 2024, Johnson Fistel was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. This recognition reflects the firm's effectiveness in advocating for investors, having recovered approximately $90,725,000 for aggrieved clients in cases where it served as lead or co-lead counsel. This marks the eighth time the firm has been recognized as a top plaintiffs' securities law firm in the United States, based on the total dollar value of final recoveries.

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact
Johnson Fistel, PLLP
501 W. Broadway, Suite 800
San Diego, CA 92101
James Baker, Investor Relations – or – Frank J. Johnson, Esq.
(619) 814-4471 | [email protected] | [email protected]

SOURCE Johnson Fistel, PLLP

December 04, 2025 5:17 PM EST | Source: Carolina Rush Corporation
Toronto, Ontario--(Newsfile Corp. - December 4, 2025) - Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) ("Carolina Rush" or the "Company") announces that, further to its press releases of November 3, 2025 and November 27, 2025, it has completed a non-brokered private placement offering (the "Offering") through the issuance of 31,799,360 units (each, a "Unit") in the capital of the Company at a price of C$0.11 per Unit for gross proceeds of $3,497,929.66.

Each Unit was comprised of one common share (a "Common Share") in the capital of the Company and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant entitles the holder thereof to purchase one Common Share at a price of C$0.16 for a period of two years following the date of issuance.

Gross proceeds raised from the Offering will be used for general working capital purposes. All securities issued in connection with the Offering are subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation.

In connection with the Offering, the Company paid certain eligible finders cash commissions in the aggregate of $7,821 and issued 71,100 broker warrants (each, a "Broker Warrant"). Each Broker Warrant entitles the holder thereof to acquire one Common Share at a price of $0.16 per Common Share for a period of two (2) years from the date of issuance.

The Offering constituted a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101") as an insider of the Company acquired 3,845,454 Units pursuant to the Offering. The Company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and 5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair market value of the participation in the Offering by the insider does not exceed 25% of the market capitalization of the Company in accordance with MI 61-101. The Company did not file a material change report in respect of the related party transaction at least 21 days before the closing of the of the Offering, which the Company deems reasonable in the circumstances in order to complete the Offering in an expeditious manner.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Carolina Rush
Carolina Rush Corporation (TSXV: RUSH) (OTCQB: PUCCF) is a Southeastern U.S.-focused exploration company advancing the Brewer Gold-Copper Project in South Carolina, which is now under an Earn-In Option Agreement with OceanaGold Corporation. Brewer is a large, underexplored system with demonstrated near-surface Au-Cu epithermal mineralization and potential for deeper porphyry-style mineralization. Brewer is located 13 km from OceanaGold's producing Haile Gold Mine, which has 2025 production guidance of 170,000-200,000 ounces of gold (source: www.oceanagold.com).

For further information, please contact:
Layton Croft, President and CEO
or
Jeanny So, Corporate Communications Manager
E: [email protected]
T: +1.647.202.0994

For additional information, please visit our website at http://www.TheCarolinaRush.com/ and our X feed: https://twitter.com/TheCarolinaRush.

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 this release.

This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is 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. This news release contains forward-looking information pertaining to the Company's 2025 Maiden MRE; that the mineral resource remains open at depth, the potential for future MRE growth from deeper drilling, and/or future exploration. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and other risks involved in the mineral exploration and development industry, including those risks set out in the Company's management's discussion and analysis as filed under the Company's profile at www.sedarplus.ca. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including that all necessary governmental and regulatory approvals will be received as and when expected. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.

Not for Distribution to U.S. News Wire Services or for Dissemination in the United States

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276988

December 04, 2025 17:20 ET

 | Source:

Xenon Pharmaceuticals Inc.

VANCOUVER, British Columbia and BOSTON, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Xenon Pharmaceuticals Inc. (Nasdaq: XENE), a neuroscience-focused biopharmaceutical company dedicated to drug discovery, clinical development, and commercialization of life-changing therapeutics for patients in need, today announced equity inducement grants to five new non-officer employees consisting of an aggregate of 39,250 share options. All of the foregoing share options were approved by the Compensation Committee of the Company’s Board of Directors with an effective date of December 4, 2025 and were granted as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).

The share options have an exercise price of $44.61 per common share, which is equal to the closing price per share of Xenon’s common shares on the grant date of December 4, 2025. The share option grants vest over four years, with 25% vesting on the one-year anniversary of the respective employee’s start date and 1/36th of the remaining options vesting monthly thereafter on the last day of each month, subject to such option recipient’s continued service relationship with the Company. Each option has a 10-year term and is subject to the terms and conditions of the share option agreement and the terms of the Company’s Amended and Restated 2025 Inducement Equity Incentive Plan.

About Xenon Pharmaceuticals Inc.
Xenon Pharmaceuticals (Nasdaq: XENE) is a neuroscience-focused biopharmaceutical company dedicated to drug discovery, clinical development, and commercialization of life-changing therapeutics for patients in need. Xenon’s lead molecule, azetukalner, is a novel, potent, selective KV7 potassium channel opener in Phase 3 clinical trials for the treatment of epilepsy, major depressive disorder (MDD) and bipolar depression (BPD). Xenon is also advancing an early-stage portfolio of multiple promising potassium and sodium channel modulators, including KV7 and NaV1.7 programs in Phase 1 development for the potential treatment of pain. Xenon has offices in Vancouver, British Columbia, and Boston, Massachusetts. For more information, visit www.xenon-pharma.com and follow us on LinkedIn and X.

Xenon and the Xenon logo are registered trademarks or trademarks of Xenon Pharmaceuticals Inc. in the US, Canada, and elsewhere. All other trademarks belong to their respective owner.

Contact:
Colleen Alabiso
Senior Vice President, Corporate Affairs
(617) 671-9238
Media: [email protected]
Investors: [email protected]

, /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, PLLP is investigating whether Ardent Health, Inc. (NYSE: ARDT) or certain of its officers and directors violated federal securities laws by making false or misleading statements and/or failing to disclose material information to investors.

Background of the Investigation

On November 12, 2025, Ardent issued a press release announcing its financial results for the third quarter of 2025. In connection with that release, the Company disclosed that it recorded a $43 million reduction in revenue due to a change in accounting estimates regarding the collectability of accounts receivable. Ardent also revealed a $54 million increase to its professional liability reserves related to claims arising in New Mexico. Following these disclosures, the trading price of the Company's common stock declined significantly during pre-market trading on November 13, 2025.

What if I purchased Ardent securities?

If you purchased ARDT securities and suffered losses, join our investigation now:
https://www.johnsonfistel.com/investigations/ardent-health/

For more information, contact Jim Baker at [email protected] or (619) 814-4471. There is no cost or obligation to you.

About Johnson Fistel, PLLP | Top Law Firm, Securities Fraud, Investors Rights

Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. We also extend our services to foreign investors who purchased on U.S. exchanges. For more information, please visit http://www.johnsonfistel.com.

Achievements

In 2024, Johnson Fistel was honored to be ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services. The firm recovered approximately $90,725,000 for investors in cases where it served as lead or co-lead counsel. This marks the eighth time the firm has been recognized among the top securities law firms in the United States.

Attorney advertising.

Past results do not guarantee future outcomes.

Services may be performed by attorneys in any of our offices.

Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations (619) 814-4471
[email protected]

SOURCE Johnson Fistel, PLLP

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Bitdeer To Contact Him Directly To Discuss Their Options

If you purchased or acquired securities in Bitdeer between June 6, 2024 and November 10, 2025 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

[You may also click here for additional information]

NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Bitdeer Technologies Group (“Bitdeer” or the “Company”) (NASDAQ: BTDR) and reminds investors of the February 2, 2026 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

As detailed below, the complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that the true state of Bitdeer’s SEALMINER A4 project. Specifically, Defendants failed to disclose that the SEAL04 chip projected to have a chip-level energy efficiency of 5 J/TH would be ready for use in the A4 rigs with an expected mass production to begin in the second quarter 2025.

On November 10, 2025, Bitdeer issued a press release reporting its unaudited financial results for the third quarter of 2025. Among other items, Bitdeer reported earnings per share of -$1.28, significantly missing the consensus estimate of -$0.22. Bitdeer also disclosed that "development of [its] next-generation Seal 04 [ASIC chip] is significantly delayed."

On this news, Bitdeer's stock price fell $2.63 per share, or 14.9%, to close at $15.02 per share on November 11, 2025.

Then, on November 12, 2025, Bitdeer issues a press release "reporting a fire incident at its under-construction facility in Massillon, Ohio." According to the press release, "[t]he fire incident occurred on the afternoon of November 11" and "2 of the 26 buildings currently under construction sustained fire damage."

On this news, Bitdeer's stock price fell another $2.83 per share, or 20.3%, to close at $11.11 per share on November 13, 2025.

The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Faruqi & Faruqi, LLP also encourages anyone with information regarding Bitdeer’s conduct to contact the firm, including whistleblowers, former employees, shareholders and others.

To learn more about the Bitdeer Technologies class action, go to www.faruqilaw.com/BTDR or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310).

Follow us for updates on LinkedIn, on X, or on Facebook.

Attorney Advertising. The law firm responsible for this advertisement is Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter. We welcome the opportunity to discuss your particular case. All communications will be treated in a confidential manner.

A photo accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/2fceea32-072d-4e7c-b9fd-7ceadbf788ad

Clover Health Investments, Corp. (CLOV) Citi Annual Global Healthcare Conference 2025 December 4, 2025 11:15 AM EST

Company Participants

Peter Kuipers - Chief Financial Officer

Conference Call Participants

Daniel Grosslight - Citigroup Inc. Exchange Research

Presentation

Daniel Grosslight
Citigroup Inc. Exchange Research

Good afternoon or good morning, everyone. Thank you for joining the Clover Health presentation here at the Citi Global Healthcare Conference. My name is Daniel Grosslight. I'm the health care technology and distribution analyst here at Citi, and I'm pleased to welcome Peter Kuipers, the CFO of Clover Health, today. Peter is going to give a brief presentation, and then we're going to open it up for some Q&A. Thanks.

Peter Kuipers
Chief Financial Officer

Thanks, Daniel. Great to be here. So what is Clover? We are a health care insurance plan. We do have a differentiated vision and approach to improving health care for seniors in Medicare Advantage. So we are deploying technology so that physicians can earlier diagnose chronic diseases, earlier treat chronic diseases, drive better quality of care, better health outcomes, and also at total lower cost of care.

If you look at our total business, we are enabling physicians to perform at the top of the license using our software platform. Our software platform is powered by AI. We have developed this technology roughly over the last decade using large data sets, starting with machine learning, and now the last couple of years, also powered by AI. We have dozens of patents regarding our proprietary technology, powering our clinical platform. The market in Medicare Advantage is large. It's an over $500 billion market annually, with over 35 million seniors in Medicare Advantage today.

We are focusing on the PPO side of Medicare Advantage close to 100% of our members are in our PPO plans

Recommended For You

NEW YORK, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Jayud Global Logistics Ltd. (NASDAQ:JYD) and StubHub Holdings, Inc. (NYSE:STUB). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Jayud Global Logistics Ltd. (NASDAQ:JYD)

Class Period: April 21, 2023, and April 30, 2025Lead Plaintiff Deadline: January 19, 2026The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and the true nature of the trading activity in its securities. Specifically, the Complaint alleges that Defendants failed to disclose to investors: (1) that Jayud was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals; (2) that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) that Jayud’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. For more information on the Jayud class action go to: https://bespc.com/cases/JYD StubHub Holdings, Inc. (NYSE:STUB)

Common Stock pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s September 2025 initial public offering (“IPO” or the “Offering”)Lead Plaintiff Deadline: January 23, 2025The complaint filed in this class action alleges that Registration Statement was materially false and/or misleading, and failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) the Company was experiencing changes in the timing of payments to vendors; (2) those changes had a significant adverse impact on free cash flow, including trailing 12 months (“TTM”) free cash flow; (3) as a result, the Company’s free cash flow reports were materially misleading; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects, were materially misleading and/or lacked a reasonable basis.For more information on the StubHub class action go to: https://bespc.com/cases/STUB About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities,
derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Marion Passmore, Esq.
(212) 355-4648
[email protected]
www.bespc.com

In brief
The manifesto, which did not mention a token, argues AI won’t reach human-level intelligence.
The PLOI token quickly surged before losing some of its initial gains.
Seven months ago, Jeffy Yu staged his death with a fake video, a newspaper obituary, and accompanying blog post.
Jeffy Yu, the creator of the once beloved AI musician Zerebro who faked his death earlier this year, has released an artificial intelligence-written manifesto—and a new Solana meme coin to accompany the document. 

Physical Limits of Intelligence (PLOI) quickly surged to a $5.4 million market cap before retracing to a recent $1.1 million market cap. The top trader, known as PainCrypt0, realized profits of over $26,800 from a $2,634 investment, according to DEX Screener.

The manifesto, which did not mention a token, argues AI won’t reach human-level intelligence, but rather that AI and humans will slowly converge biologically, chemically, and surgically in a new form of humanity.

Yu told Decrypt that the plans for the project are “stealth” and that they plan to build “an institution.” He added that “the fact that AI produced” the manifest bolsters the arguments made within it.

The manifesto and PLOI come seven months after Yu staged his death with a fake video of him shooting himself in the head, a San Francisco Chronicle obituary, and an accompanying blog post. The article explained that Yu had created a crypto token, Legacoin (short for legacy coin), which would serve as a “final art piece.”

The token soared to a market cap of over $105 million before crashing as the obituary was removed. The local coroner’s office told Decrypt that no one had died, and the San Francisco Standard found Yu alive at his dad’s house.

For that reason, some traders remain apprehensive of Yu’s new project. When Decrypt asked Yu about these concerns, the creator said, “Write what you’re gonna write.”

Other market participants have goodwill for Yu’s crypto ventures. Zerebro was a much-loved and successful AI musician with a crypto token attached to the project. Its token surged to a peak market cap of $784.42 million in January, as Zerebro’s music got heads bopping and the AI character shitposted on X.

In the month following its all-time high, the ZEREBRO token crashed 92% to $59.62 million, according to DEX Screener. The token’s price had fallen to $42 million before Yu faked his death in early May, and social media for the AI musician disappeared. Now it has a market cap of just $36 million.

Generally Intelligent NewsletterA weekly AI journey narrated by Gen, a generative AI model.

TL;DR

Bitcoin ETFs recorded five consecutive days of net inflows totaling $58 million, following $3.48 billion in outflows during November.
BTC reached an intraday high of $93,965, its highest level since November 17, driven by comments from the SEC regarding an innovation exemption.
Vanguard now allows trading of crypto-focused ETFs and mutual funds, expanding regulated access to millions of investors and supporting the market recovery.

Bitcoin exchange-traded funds posted five consecutive days of net inflows, adding $58 million on Tuesday after accumulating $3.48 billion in outflows during November, its second-worst month on record.

The positive flow occurred as Bitcoin traded above the ETF flow-weighted cost basis of $89,600, indicating that the average investor was no longer sitting on unrealized losses. The recovery follows a period of heavy selling that pushed the cryptocurrency to mid-$80,000 levels earlier in the week, while other crypto ETFs showed weaker performance. Spot Ethereum ETFs recorded $9.9 million in outflows, and Solana funds saw $13.5 million in net redemptions. At the time of writing, Bitcoin was trading around $91,000.

Analysts note that ETF outflows were not the main driver of Bitcoin’s recent decline. Eric Balchunas from Bloomberg criticized the simplistic link often made between ETF withdrawals and price drops, highlighting that broader factors such as leverage unwinds, macroeconomic uncertainty, and pressure on digital-asset treasuries better explain the sell-off, which erased over $1 trillion in crypto market value since October.

Factors Behind Bitcoin’s Recovery
Bitcoin reached intraday levels of $93,965, its highest since November 17, partially driven by comments from SEC Chair Paul Atkins regarding a new regulatory framework that would include an “innovation exemption” to provide greater flexibility to digital-asset firms in issuance, custody, and trading. The measure was interpreted as a step toward increased regulatory clarity.

Institutional adoption received an additional boost after Vanguard decided to allow its clients to trade crypto-focused ETFs and mutual funds, expanding regulated access to millions of investors in the United States. The announcement coincided with expectations of a Federal Reserve rate cut, a weaker dollar, and an increase in risk appetite, factors that strengthened Bitcoin’s position.

Despite the rebound, the market continues to show signs of volatility. The streak of inflows suggests that BTC could end the year on a positive note if institutional interest persists, regulatory expectations solidify, and macroeconomic pressure moderates

// Price

Reading time: 3 min

Published: Dec 04, 2025 at 20:31

TRON is expected to drop to the 2.618 Fibonacci extension, or $0.184.

TRON price long-term forecast: bearish

The TRON price has held above the $0.27 threshold since November 21. The price has been oscillating above the $0.27 support level and below the moving average lines. Today, buyers are struggling to push the price above the $0.28 high.

However, since September 6, buyers have failed to sustain the price above the moving averages. If buyers break through the 50-day SMA and bullish momentum continues, the bearish scenario will be invalidated. TRON would then rise to the 21-day SMA high of $0.32. Today, selling pressure is likely to resume if TRON falls from its $0.28 peak and breaks below the $0.27 support.

Meanwhile, the TRON price has fallen below the moving average lines, although it remains below the 50-day SMA. 

Technical Indicators 

Key Resistance Zones: $0.40, $0.45, and $0.50 

Key Support Zones: $0.20, $0.15, and $0.10

TRX price indicator analysis

Since November 21, the price bars have remained below the 50-day SMA. The 21-day and 50-day SMAs have an upward slope, indicating a previous uptrend. The price bars are below the moving average lines, indicating a decline. On the 4-hour chart, the price bars are above the horizontal moving average lines.

What is the next move for TRON?

TRON's price is moving horizontally on the 4-hour chart. The cryptocurrency has been trading above the $0.27 support level but below the $0.284 high.

Today, the cryptocurrency price is oscillating above the moving average lines, but buyers have failed to maintain their positive momentum above the $0.28 support. The cryptocurrency price will fall above the moving average lines, extending the sideways trend.

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

Thu, 4/12/2025 - 20:32

The blockbuster GTreasury acquisition deal has been finalized by Ripple, pushing the company into the heart of corporate finance. .

Cover image via U.Today

Ripple has officially closed its $1 billion acquisition of GTreasury. The move marks one of the most important expansions in the history of the San Francisco-headquartered company, pushing it into the heart of global corporate finance.

We're officially part of Ripple! 🎉

For over 40 years, we've helped treasury teams manage complexity and optimize liquidity. Now, we're bringing that same approach to the digital asset era by giving our customers the option to access real-time settlement and institutional-grade… https://t.co/dlTJ8HOBwV

— GTreasury (@GTreasury) December 4, 2025 GTreasury is a major treasury-management platform used by some of the world’s largest companies for managing liquidity, moving money, monitoring cash positions, and so on.

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Ripple now controls a core piece of the infrastructure that big corporations use to run their financial operations on a daily basis. 

GTreasury’s clients can now directly access Ripple’s digital asset infrastructure from the platform they already use. This enables real-time settlements and on-demand liquidity. Corporations won’t have to learn crypto, hold wallets, or manage blockchain complexity, which could potentially be a boon for cryptocurrency adoption. 

Other Major 2025 Ripple AcquisitionsRipple first announced the acquisition of GTreasury on Oct. 16

The company's acquisitions all support the same vision: end-to-end, institutional-grade digital finance. 

Apart from GTreasury, Ripple also acquired companies that strengthen other layers of the corporate financial stack. Its acquisition of Rail added virtual accounts and a stablecoin payments network. Palisade enhanced Ripple’s custody capabilities with the "wallet-as-a-service" technology. Finally, Ripple Prime (formerly Hidden Road) brought institutional-grade liquidity, prime brokerage, and execution services.

With its acquisitions, Ripple is building a full end-to-end financial stack. The company aims to become a one-stop shop for digital assets.

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Ethereum's NUPL stays positive, showing ETH holders are still in profit and less likely to sell their assets.

Ethereum (ETH) is maintaining a calm center in a restless market, with its Net Unrealized Profit/Loss (NUPL) metric currently sitting near 0.22.

The reading shows that investors are still sitting on moderate gains, even as recent price swings tug at sentiment, framing a market that has stepped back from exuberance without tipping into distress.

NUPL Points to Cooling Optimism but No Panic
The NUPL data, analyzed from Binance and reported by Arab Chain, shows a notable shift from earlier this year. The metric saw higher readings between June and August, reflecting stronger profitability during the market’s mid-year performance.

As prices pulled back from October, unrealized profits began to decrease, pushing the indicator toward more neutral ground. This movement indicates a transition from earlier optimism to a more pragmatic market view.

Critically, the NUPL has not dropped into negative territory, meaning the average Ethereum investor has not moved into an unrealized loss position.

Arab Chain’s analysts view this as a sign of underlying strength. Investors who remain in profit are typically less likely to sell hastily during price dips, which can provide a foundation of support and reduce the risk of a steep, cascading decline.

A Market Waiting for Direction
This balanced on-chain sentiment came soon after the successful activation of the Fusaka network upgrade. The upgrade, which aims to improve layer-1 performance and lower rollup costs, was a focal point for builders and appears to have coincided with increased network activity, including a record daily gas usage.

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Price data reflects this positive momentum. Ethereum is currently changing hands around $3,200, marking a rise of roughly 4.6% over the past 24 hours and nearly 6% over the last week.

However, a broader view shows ETH remains approximately 35% below its all-time high set in August and is still down about 4.5% for the year.

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According to recent reports, the official website for the Pepe memecoin has been compromised in a front-end attack. Cybersecurity firm Blockaid detected the breach early, after which it put out an alert to the community informing them that the site had been injected with malicious code from the Inferno Drainer toolkit. 

The Inferno Drainer kit is a suite of scam tools usually employed by threat actors, including phishing website templates, wallet drainers, and social engineering tools.

The malware from the Inferno Drainer toolkit that the hackers are using is known to redirect visitors to phishing pages, ultimately designed to steal critical details like wallet credentials, approve unauthorized transactions, and drain assets like tokens, NFTs, and other holdings.

“Blockaid’s system has identified a front-end attack on Pepe. The site contains a code of inferno drainer,” the cybersecurity company shared on Thursday. 

Pepe’s price remains down
The price of PEPE did not react immediately to the hack, and it is a real possibility that the exploit may not be priced in yet, as the memecoin is up by about 0.87% over the last 24 hours. On the longer term, it is down by more than 77% over the last 12 months, according to CoinGecko.

Pepe price chart. Source: CoinMarketCap
The incident highlights the ongoing need for vigilance among crypto users, as that is the best defense against phishing scams and other cybersecurity threats. Users have also been urged to avoid the site until the issue is resolved. 

Hackers who use Inferno Drainer increased by almost three times last year, according to Blockaid, even though the team behind it claimed that they would shutter the scam service in 2023.

“At the beginning of the year, we saw about 800 new malicious Inferno Drainer DApps per week. Now, that number has tripled to 2,400 per week,” Oz Tamir, a former Blockaid engineer, told Cointelegraph in August 2024.

Since that time, the Inferno Drainer group and suite of tools have been linked to several social engineering scams, social media exploits, and malware-related crypto thefts, including the hack of the BNB X page in October.

The memecoin sector struggles to rebound
The cryptocurrency market has been especially volatile recently, and the memecoin sector has taken a real beating that has driven the category to its lowest valuation in 2025, dropping to a combined market capitalization of $39.4 billion, according to data aggregator CoinMarketCap. 

Toward the end of November, the sector lost over $5 billion in 24 hours, declining from $44 billion despite a 40% increase in trading volume. The sector is a long way from where it was in January, when the memecoin market cap collectively hit a high of $116.7 billion. 

Experts say the sharp sell-off mirrors a broader decline across the digital asset market. CoinGecko data backs it up, with the total crypto market cap falling from $3.77 trillion on November 1 to $2.96 trillion on Nov 21, wiping out $800 billion in just three weeks. 

Even United States President Donald Trump’s official memecoin took minor hits as other top memes saw double-digit declines in November. 

Things seem to be turning around as trading volume is slowly climbing back up, while the top ten memecoins have also shown adequate recoveries, with Dogecoin expected to touch the $0.396556–$0.504708 level by 2026, according to Cryptopolitan analysts.

December is also expected to be a good month for memes, especially if BTC consolidates and alts rotate. However, experts urge caution as memes are always volatile, no matter the month. 

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Gemini provides custody for VanEck Solana ETF, boosting regulated crypto exposure as Solana tests key $144 resistance levels.

Izabela Anna2 min read

4 December 2025, 08:43 PM

Gemini strengthened its position in the growing crypto ETF market after confirming custody services for the VanEck Solana ETF (VSOL). The ETF entered a rapidly expanding landscape in 2025, with investors showing greater appetite for regulated digital asset exposure. 

Hence, the partnership arrives at a pivotal moment as Solana’s market activity accelerates and traders assess critical resistance levels on the charts. Besides, interest in Solana remains strong as staking rewards now feature in mainstream investment products.

VanEck Advances Access to SolanaAccording to the press release, VanEck positioned VSOL to track Solana’s spot price while offering staking rewards that enhance investor yield. VanEck removed the sponsor fee for the first $1 billion in assets until February 17, 2026. Its third-party staking provider extended the same waiver during this period. 

Fees will adjust to 0.30% once the threshold or date arrives. This structure aims to accelerate early inflows as more investors explore yield opportunities within regulated products.

Kyle DaCruz, VanEck’s director of digital assets product, said Solana’s speed and efficiency continue attracting developers and real-world use cases. Moreover, the firm expects sustained interest as staking rewards broaden Solana’s appeal in traditional portfolios.

Gemini supports the ETF with custody, clearing, and settlement. The exchange maintains SOC 1 Type 2 and SOC 2 Type 2 certifications. It holds ETF assets separately for fund owners, ensuring 1:1 backing. Additionally, the company continues to emphasize strong compliance controls as institutional participation rises.

Solana Trades Below $144 as Analysts Flag Critical LevelsSolana traded near $140 as of press time after a mild weekly pullback. Market data shows a 1.59% seven-day decline, while daily losses remain limited. Analysts suggest the pullback reflects a test of strong resistance near $144, a level that repeatedly halted upward attempts.

Source: X

Ali Martinez notes Solana needs a breakout above $144 to avoid a slide toward $130, as repeated rejections have kept momentum weak, especially on lower timeframes. Moreover, traders watch support between $138 and $134, zones that held during earlier corrections.

Morecryptoonl said Solana reached the expected target at $146.50 overnight. He noted a brief move above $144.60 before sellers regained control. He added that another push remains possible as long as price holds above $134.80. He highlighted the next resistance zone between $152.60 and $157.30 if momentum strengthens.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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One of Hyperliquid’s core innovations is builder codes. These codes function as a protocol-level parameter in transaction payloads, allowing interfaces to append a builder address for automated, onchain fee capture. Builders can attach a surcharge of up to 100 basis points (1%) on spot and 10 basis points (0.1%) on perps.

This decoupling of execution from settlement enables frontends to monetize proprietary flow without the technical complexities of maintaining an orderbook or the capital inefficiency of bootstrapping liquidity. As shown below, third-party frontends integrate Hyperliquid perps and add their own variable fee tiers on top, effectively creating a differentiated pricing landscape for the same underlying execution.

As such, builder codes have unlocked a powerful distribution flywheel. Nearly 40% of daily active users now trade through third-party frontends rather than the native UI, a share that briefly crossed 50% in late October. The top three builders alone, Based, Phantom, and pvp.trade, have collectively captured more than $31 million in fees.

From a market structure perspective, this pushes Hyperliquid away from the fully-integrated crypto exchange model and closer to the layered intermediation of traditional equities. In a centralized exchange like Binance, one entity controls the full stack across onboarding, routing, matching and custody.

Hyperliquid’s design mimics the US equity market, where retail brokers (Robinhood, Schwab) own the client relationship and monetize distribution, while routing orders to wholesalers (Citadel Securities, Virtu) that handle execution and settlement. In effect, the stack becomes two-tiered:

A broker-like distribution layer, where builders compete for order flow and differentiate on product and fee pass-through.
A central execution venue, where Hyperliquid concentrates liquidity and handles matching and margining.

While new to crypto perps, this decoupling mechanism has already played out on Solana. Trading terminals like Photon and Axiom controlled the user flow by focusing on the consumer layer. Photon grew first by being the fastest Solana memecoin sniper, while Axiom eventually challenged it with a broader product suite and more aggressive points and rebate designs. These terminals effectively functioned as builders: They sat on top of DEXs, bolted on their own fee markups, and maintained accounting manually. Hyperliquid’s builder codes essentially turn that pattern into a native protocol primitive.

However, the Solana example also highlights the risk. Trading terminals captured 77% of Solana’s DEX revenue over the past year, $633 million vs. $188 million for DEXs, a 3.4x multiple that highlights that owning the frontend is often more valuable than owning the backend. Specifically, is the frontend too valuable for Hyperliquid to give away?

The relationship between frontends and backends is rarely purely symbiotic. Frontends like Jupiter aggregate various backends (Meteora, Raydium, Orca) and return the best route given size, fees and slippage constraints. 

Source: Jupiter Frontend Aggregation Example

This forces DEX backends into severe margin compression. With zero moat, they must be the cheapest route to win flow. Since they don’t own the user, backends are also at risk of replacement. We see this when pump.fun replaced Raydium as its liquidity backend with its own in-house AMM, significantly impacting Raydium’s volume share. 

Right now, Hyperliquid does not face this problem. By pioneering builder codes on perps, it is effectively a singular-builder code environment. However, if builders evolve from a UI on top of HL into true routers that can send flow to competing backends, they start to resemble a smart-order router in traditional finance. In this scenario, builders can:

Optimize all-in cost: Calculate spread/slippage + taker/maker fees + builder surcharge − rebates + expected funding.
Bargain with venues: Demand higher builder shares or rebates with the threat of routing flow elsewhere.
Capture the user relationship: While venues are forced to compete purely to be the cheapest, best-execution wholesale liquidity provider.

Similarly, in traditional finance, wholesalers compete with broker-dealers for volume. Robinhood routes to Citadel Securities, Virtu, and Jane Street based on which provides the best execution and payment for order flow.

Source

While rival DEXs like Drift and Ostium have integrated builder codes, none have emerged as genuine competitors to date. However, a significant structural risk remains: If a venue like Lighter were to pair builder rebates with its zero-fee model, it could theoretically allow wallets like Phantom and Rabby to bypass Hyperliquid’s 4.5 bps fee. This would enable frontends to capture the entire fee stack, effectively doubling their revenue per trade compared to the current Hyperliquid model. 

LiquidTrading serves as a leading indicator of this future. The Paradigm-backed terminal, which raised $7.6 million in its seed round, has facilitated $5.6 billion in volume on Hyperliquid. But crucially, it also allows users to trade on Ostium and Lighter via the same interface. If larger builders follow this path and begin actively routing flow based on venue rebates rather than loyalty, Hyperliquid builder frontends could evolve into a commoditized perp aggregator, directly threatening the protocol’s ability to capture value.

Still, there is a fundamental difference. Spot is easy to aggregate because each swap is atomic and the asset is fungible across venues. One transaction equals one fill, and a router can seamlessly split a trade across multiple pools. However, with perps, positions are persistent and venue-specific. A BTC-PERP position on Venue A is not fungible with a BTC-PERP position on Venue B due to differences in index composition, funding rates, liquidation engines and risk limits.

To route perps across venues meaningfully, the market needs one of two difficult solutions:

User fragmentation: Users must keep collateral on multiple venues, which is capital inefficient and results in poor UX.
Prime brokerage layers: The router must act like a clearing layer, solving the hard problems of credit extension, cross-margining and liquidation coordination.

While non-fungibility offers a short-term defense, the harsh reality is that frontends are rational economic actors; they will migrate if a competitor offers superior margins. Yet, the data suggests this threat is currently contained. Despite the high user counts on third-party interfaces, the vast majority of volume, over 90%, still originates from Hyperliquid’s native frontend. 

Furthermore, the HYPE token adds a retention layer. Builders can hold HYPE to access fee discounts, allowing them to stack revenue streams: referrals, builder fees, and volume-based discounts. With this, the cost of switching for incrementally better fees may not be worth it for existing frontends. Finally, the flow coming from builders appears to be additive rather than cannibalistic. These are new users entering the ecosystem via wallets and terminals, not users switching interfaces. 

Therefore, while builder codes offer an effective expansion vector, expecting Hyperliquid to maintain total dominance over its distribution layer is unrealistic. As the sector matures, Hyperliquid will face a tougher grind to defend its lead against aggregators and low fee competitors. However, building a performant onchain orderbook remains an immense technical moat, and with frontend margins remaining healthy, the incentives for builders to switch are low. Still, in a rapidly expanding market, this is not a battle to retain volume, but rather a more competitive race for growth where Hyperliquid remains the heavyweight to beat.

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Popular Ethereum Layer 2 Base will now support Solana-based assets natively, and enable the export of Base assets onto Solana.

Dogecoin has spent the majority of the past 30 days drifting lower, falling into a tight and almost predictable rhythm of lower highs and lower lows. The movement has been sluggish, but technical analysis shows that something important may now be forming. 

A new analysis shared by crypto commentator Clifton Fx suggests that Dogecoin is approaching the end of this decline, and the chart he posted highlights a falling wedge pattern that could become the basis for a 96% rally if buyers finally step in with conviction.

A Falling Wedge That Has Started Attracting Attention
Technical analysis of Dogecoin’s price action on the 12-hour chart shows two downward-sloping trendlines gradually converging. This pattern is highlighted by coiling price action, with each bounce becoming smaller and the space between the trendlines becoming narrower. 

This structure is what analysts often describe as a falling wedge. It forms during a downtrend, but the more it tightens, the more it hints that sellers are losing control and buyers are quietly gaining ground.

Clifton Fx pointed exactly to this development in his post, noting that Dogecoin is already pushing against the upper boundary of the wedge. The chart he shared shows the price making repeated attempts to break out, something that is typically viewed as early evidence that momentum is shifting. 

Source: Chart from Clifton Fx on X
As it stands, recent price action in the past 48 hours or so has led to the creation of multiple green 12-hour candles after Dogecoin rebounded from a $0.135 low. This has caused the Dogecoin price to approach the upper resistance trendline, and the outlook depends on what happens here. 

In the analyst’s view, a strong breakout candle above the wedge would confirm that the pattern has completed and that Dogecoin is ready for a sustained move upward.

The Case For A 96% Rally
The appeal of this technical setup is the potential size of the move if the breakout plays out. The wedge spans a wide vertical range, and in technical analysis the height of the pattern is a guide for estimating the rally after a breakout. 

Based on the structure visible on the chart, a successful breakout would open the door for a 96% climb from current levels. However, this doesn’t guarantee that the move will happen immediately. 

Dogecoin has been under pressure for weeks, and a breakout without proper momentum can easily fail. A clean surge above the trendline, preferably one that arrives with rising trading volume, would help confirm that buyers are taking over. 

Anything slower or weaker could see the Dogecoin price rejecting at the resistance trendline and falling to approach the lower support trendline, which is now around the mid-$0.13 range.

DOGE trading at $0.15 on the 1D chart | Source: DOGEUSDT on Tradingview.com
Featured image from Pngtree, chart from Tradingview.com

Canton Network Creator Snags Strategic Investment from Wall Street GiantsBNY, Nasdaq, iCapital and S&P Global invested in Digital Assets, powering blockchain infrastructure for tokenized real-world assets. Dec 4, 2025, 9:12 p.m.

Digital Asset, the blockchain firm behind the Canton Network (CC), said Thursday that it has secured strategic investments from four major traditional financial players, as Wall Street's crypto embrace continues.

The investors in this round were BNY, a financial services firm overseeing $57 trillion in client assets, exchange operator Nasdaq, financial intelligence firm S&P Global and iCapital, a fintech firm backed by BlackRock, Blackstone and JP Morgan. The company did not disclose the size of the investment in the press release.

STORY CONTINUES BELOW

The investment underscores the growing support of legacy financial firms for blockchain infrastructure built specifically for regulated markets. The Canton Network was designed to enable institutions to issue and trade tokenized real-world assets, such as bonds, loans, and funds, on a shared ledger while maintaining privacy and compliance with legal requirements. It combines features of public blockchains, such as decentralization, with the safeguards required by traditional finance.

“Institutions across the financial ecosystem recognize the necessity of blockchain infrastructure purpose-built for regulated markets," Yuval Rooz, CEO of Digital Asset, said in a statement. "

The latest investment comes on the heels of Digital Asset's $135 million funding round in June, which was led by major firms including BNP Paribas, TradeWeb, Goldman Sachs, DRW, and Citadel Securities.

Canton currently boasts $6 trillion of assets onchain with over 600 institutions participating across the ecosystem, the firm said.

Read more: Canton Network Activity Surges as Exchanges Join Validators: Copper Research

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Nov 14, 2025

What to know:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Kraken Partners With Deutsche Börse as Europe Looks to Rival Wall Street in Crypto

54 minutes ago

Deutsche Börse Group (DBG) and Kraken announced a strategic partnership signalling acceleration of crypto adoption across Europe and a clear intention to compete with Wall Street.

What to know:

Deutsche Börse Group and Kraken have announced a strategic partnership to enhance institutional cryptocurrency adoption in Europe.The collaboration aims to create a comprehensive bridge between traditional and digital markets, leveraging DBG's regulated infrastructure and Kraken's expertise in cryptocurrency.This partnership is expected to accelerate the development of digital capital markets and support institutional clients in the digital asset era.Read full story

In brief
Crypto users can now seamlessly bridge assets from the Coinbase layer-2 network Base to Solana.
The bridge is secured by Chainlink's Cross-Chain Interoperability Protocol and Coinbase.
It's live on Base mainnet and has been rolled out via popular apps like Zora and Aerodrome.
Coinbase’s Ethereum layer-2 network Base can now incorporate SOL and other Solana assets thanks to a new bridge between the two networks.

The Base-Solana bridge, secured by Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and major crypto exchange Coinbase, allows users to move assets seamlessly across the Base and Solana ecosystems. 

“To build a global economy, we need to make it interoperable and connected; and being a bridge, not an island, has been a core value of Base since day one,” the Coinbase-launched network’s team wrote in a blog post.

“If we want to bring the world on-chain, we need to make it dead simple for people to move assets at the speed of the internet, discover new apps no matter which chain they’re built on, and unlock value wherever it exists,” the post continued.

The bridge will allow users to migrate and trade assets from both ecosystems, and is already live in popular Base applications like token launchpad Zora and Aerodrome, the layer-2 network’s largest decentralized exchange (or DEX). 

The Base-Solana Bridge is Live on Aerodrome

Starting now, any @Solana token can deploy and trade on Aerodrome seamlessly.

Bridge SPL tokens, deploy liquidity, and tap into the Base ecosystem––in just seconds.

If it's on Solana, it can be on @base. pic.twitter.com/XmZs9dkttU

— Aerodrome (@AerodromeFi) December 4, 2025

Other apps can implement the open-source bridge in their builds, thereby allowing users to trade Solana or Base assets regardless of which network they are using. 

“This is a major step towards our goal for Base to serve as a hub for the everything economy: every asset, across every network, at any time, and Solana is just the beginning,” reads the Base announcement.

First launched in 2023, Base has grown to become the fifth-largest blockchain by bridged total value locked, or TVL, a metric that calculates the value of all the tokens on a blockchain. The network has seen nearly a 5% TVL boost in the last week according to data from DefiLlama, now sitting at $14.89 billion while Solana boasts $29.4 billion. 

In September, Coinbase executive and Base head Jesse Pollak relented on long-held speculation that the network would eventually launch its own token, saying that the company is in fact exploring the launch of a Base token—though no plans are definitive.

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The stock has climbed in the double-digits in recent years.

Vertex Pharmaceuticals (VRTX 1.43%) has proven itself to be an excellent long-term investment, advancing 91% over the past five years. This is as the company has delivered steady growth in revenue thanks to a market-leading franchise.

Vertex is the global leader in cystic fibrosis (CF) drugs, and the company's products have both revolutionized the treatment of this disease and generated blockbuster revenue. This biotech player also has expanded its research into other disease areas and scored two wins in recent years, with approvals of Casgevy for blood disorders and Journavx for pain management.

So, even though Vertex stock may not soar every year, I'm optimistic about the stock's long-term prospects. Here's one reason I'll never sell this biotech giant.

Image source: Getty Images.

Vertex's expansion
Before I talk about that, though, it's important to note that Vertex's move to expand into a broad range of treatment areas was a wise one. This offers the company additional revenue streams and the potential to become a leader in these and possibly other markets over time. Vertex's growing portfolio also could make the company more attractive to investors who aim to get in on a big biotech player.

But the one reason I'll never sell Vertex is due to its dominance in the CF market, ensured by patents that the company has said should prolong its leadership until the late 2030s. Vertex has developed a portfolio of therapies known as CFTR modulators, which are meant to fix a faulty protein produced by the CFTR gene. These have been life-changing treatments for CF patients, and importantly, Vertex's offerings can treat almost 95% of CF patients.

Today's Change

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Vertex's progress in CF
Why can't Vertex treat 100% of patients? CF involves various mutations, and each CFTR modulator can treat cases stemming from specific ones. Reaching coverage of almost 95% of patients is huge, and Vertex is working on a candidate in a phase 1/2 trial that would address patients who can't be helped by CFTR modulators. Meanwhile, the biotech company's current CFTR modulators continue to gain patients through new approvals and reimbursement agreements.

Vertex's CF portfolio drove an 11% increase in revenue to more than $3 billion in the latest quarter, and the company expects full-year revenue in the range of $11.9 billion to $12 billion. And considering Vertex's secure leadership in CF and its innovation, this business could continue powering revenue growth well into the future.

So, I think it's fantastic that Vertex has expanded into other therapeutic areas -- and it was a necessary growth move for the company. But the one reason I won't sell Vertex is for its dominance in CF, as this should be a multibillion-dollar revenue driver shareholders can count on over the long term.

Adria Cimino has positions in Vertex Pharmaceuticals. The Motley Fool has positions in and recommends Vertex Pharmaceuticals. The Motley Fool has a disclosure policy.

By

PYMNTS
 | 
December 4, 2025

 | 

TD Bank Group implemented 75 artificial intelligence (AI) use cases that generated 170 million Canadian dollars (about $122 million) in value this year, according to TD Bank Group President and CEO Raymond Chun.

“These use cases span from transforming loan underwriting to creating intelligent leads to deepening relationships to meet more of our clients’ needs,” Chun said Thursday (Dec. 4) during the bank’s fourth quarter earnings call.

TD Bank Group expects these AI use cases to generate 200 million Canadian dollars (about $143 million) in incremental value in 2026 as the bank continues to “reimagine end-to-end processes,” Chun said.

“We are prioritizing our AI investments with use cases focused across categories such as customer acquisition, customer insights and risk management,” Chun said.

The bank’s ongoing investments in fraud modernization across capabilities, data, systems and processes delivered a 26% year-over-year decline in fraud losses, Chun said.

AI is also playing a role in TD Bank Group’s U.S. anti-money laundering (AML) remediation program, which was launched over a year ago as part of a global resolution.

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TD Bank Group and several U.S. regulators and authorities announced in October 2024 that the group and some of its subsidiaries consented to orders and entered into plea agreements related to investigations of its U.S. Bank Secrecy Act (BSA) and AML compliance programs.

Some of the key milestones achieved this year in that effort include the deployment of a next-generation transaction monitoring system and an AI-powered financial crimes automation platform and machine learning case triage model, Leo Salom, group head, U.S. Retail, TD Bank Group and president and CEO, TD Bank, America’s Most Convenient Bank, said during the call.

“This quarter we deployed another round of machine learning enhancements to our transaction monitoring system,” Salom said. “These AI and machine learning tools are not only improving the efficacy and accuracy of our program, they are important levers in creating an efficient and sustainable program that will serve us well into the future.”

TD Bank Group announced in September, ahead of its Investor Day, that it was adopting new AI and other digital solutions to accelerate its growth and enhance its performance.

Chun said at the time in a press release that the bank was “investing in talent, harnessing AI and deploying new digital capabilities to help our clients achieve their financial goals.”

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Key Takeaways
BlackRock CEO Larry Fink this week defended big AI spending, saying "other countries are going to beat" the U.S. otherwise. He also linked the technological change underway to the U.S. economy, questioning whether this year's lack of job growth should be attributed to uncertain policy or labor substitution.

There are worries about AI spending. Sometimes, that means worries that companies developing artificial intelligence capabilities aren't spending enough.

Larry Fink, chief of BlackRock (BLK), the world's largest asset manager, yesterday defended spending on artificial intelligence during a wide-ranging interview at the New York Times DealBook Summit. "If we don't spend enough—faster—on AI, digitization and tokenization, other countries are going to beat us," he said.

Fink's comments landed amid ongoing debates about whether the AI sector is getting over its skis, with some likening the enthusiasm around the tech to the Dotcom bubble. While spending in AI development has triggered investor skepticism and dinged shares of the biggest players in the business, including Oracle (ORCL), Microsoft (MSFT), and Amazon (AMZN), Fink said the technological change underway is already visible in the U.S. job market and corporate margins.

WHY THIS MATTERS TO YOU
As Big Tech companies invest more in AI and lower their headcount, corporate execs, analysts and central bank officials are increasingly referencing what is called a "K-shaped economy," which describes a situation in which high-income earners and certain industries thrive while lower-income households and other businesses struggle.

The CEO of New York-based BlackRock, which managed over $13 trillion in assets as of the third quarter, said that while hyperscaler CEOs "aren't certain if they're overspending or underspending," their conviction of future demand was high and most don't have the raw processing power needed to power their AI models.

Fink, however, didn't outright dismiss the possibility of some companies showing disappointing results. "I'm not here to suggest that there's not going to be some, you know, headline blow-ups," he said. "There are going to be some huge winners and huge failures."

The cost of building global data centers, AI infrastructure, and related power supplies could cost over $5 trillion in the years to come, according to JPMorgan analysts. In order to garner a 10% return on modeled AI investments through 2030 would mean roughly $650 billion of annual revenue in perpetuity, they said.

Fink linked the development of AI technology to the K-shaped economy, which describes a bifurcation in recovery where certain industries and segments of the population experience outsize growth while others struggle.

"What I think is happening, is more and more companies are doing more with the same amount of people or less," Fink said. "This technological change is happening today, but it's gonna have a profound impact on our economy."

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Ryder System, Inc. (R) Goldman Sachs Industrials and Materials Conference 2025 December 4, 2025 12:50 PM EST

Company Participants

Cristina Gallo-Aquino - CFO, EVP & Principal Accounting Officer

Presentation

Unknown Analyst

Well, good afternoon, everyone. It's now my pleasure to introduce Ryder's CFO, Cristina Gallo-Aquino. We look forward to hearing about Ryder's ongoing plan execution, which we think sets the company up well for long-term growth with opportunities across Supply Chain and Dedicated, all things that are contributing to an earnings floor that's greater than prior period's peak.

And before we get into the Q&A, I think, Cristina, you had a few opening remarks.

Cristina Gallo-Aquino
CFO, EVP & Principal Accounting Officer

Yes. I just wanted to briefly introduce Ryder for those of you that may not be familiar with us, but we are an outsourced logistics and transportation solutions provider, a leader in the industry here. We operate primarily in the U.S., but North America is our base. And we operate out of 3 main segments. The first one being our Fleet Management Solutions, which is offering leasing and rental truck options to customers.

Then we have our Dedicated Transportation Solutions, and that is providing the same leasing of the vehicle, but add a driver to it. And then finally, our Supply Chain Solutions, which is about port-to-door logistics anywhere from drayage to warehouse management and e-commerce and last mile. So we offer an array of services. We are a $13 billion company. We've been around for 90 years and excited to share our story today.

Question-and-Answer Session

Unknown Analyst

Great. And maybe just to sort of segue right off the top, you guys have undergone a pretty strategic transformation over the last many years and shifting your business mix, improving profitability. Can you maybe elaborate on some of what you have

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