Market Signal Briefing

, /PRNewswire/ -- Research from Pearson (FTSE: PSON.L), the world's lifelong learning company, reveals growing concern among educators about how well young people across the UK are being prepared for an AI-driven future. 

The data from the Pearson School Report 2025, which brings together more than 14,000 voices from across the UK's education landscape, shows that 44% of secondary teachers and 31% of primary teachers believe students are not adequately equipped for the impact of artificial intelligence.

While educators recognise AI's potential benefits in the classroom, many feel underprepared to guide students in its effective and responsible use. Almost a quarter (23%) of teachers say they are not confident using AI, and only 9% feel confident teaching it. In response, 42% say AI should be included in teacher training; a clear call for ensuring teachers have the training and support they need today.

Demand for more training to prepare for an AI-driven world

As the use of AI accelerates rapidly, many schoolteachers and students are already embracing the technology and recognise the role it will play in the future of education:

57% of teachers believe that AI will play a bigger role in education in the future.
39% of teachers have used AI tools in the last fortnight.
44% of teachers say AI helps save time, particularly in planning lessons and admin.

However, there is demand from both college tutors and schoolteachers for more training on AI:

59% of college tutors believe that teachers/tutors need more AI training.
42% of schoolteachers specify that AI should be included in teacher training.
43% of teachers identify AI training for staff in their schools as essential to improving students' digital skills.

These findings echo the recommendations of the Curriculum and Assessment Review Final Report, which highlights that recent advancements in AI and generative AI have made digital literacy even more critical. Young people must understand how AI works, what it can and cannot do, and how to use it effectively and responsibly.

Freya Thomas Monk, Managing Director of Pearson Qualifications, said: "Teachers will always be at the heart of students' learning, development, and success. AI's power lies in its ability to support and amplify their role. We need to accelerate investment in the tools, training, and resources that help them harness its potential, while ensuring students gain the skills needed for an AI-enabled future. By acting now and working together across the sector, we can ensure AI is used thoughtfully and responsibly to empower teachers and prepare young people to thrive in a rapidly changing economy."

Educator voices calling for change

Educators are echoing this need for enhanced AI training across the sector. Janeen Hayat, Director of Collective Action at The Fair Education Alliance, warns: "School staff also need more support in impactful use of technology, and AI specifically [...] If we don't invest in the skills and infrastructure the education system needs now, we'll leave more and more young people behind."

Teachers on the frontline are experiencing this skills gap firsthand. One primary classroom teacher explained: "I'm fairly confident using IT and AI but I feel many staff are not. This causes a gap in what children experience as they move through their primary years. [As] teachers we have not been equipped or taught well enough to ensure our children are digitally savvy/competent. This needs fixing urgently!"

The path to more training on AI

Pearson has introduced certifications and training to help build AI literacy:

Pearson's Generative AI Foundations Certification has reached thousands of learners since launching in October 2024.
'AI Essentials' is a short course, powered by ActiveHub, designed in partnership with Basingstoke College of Technology that provides a foundational understanding of AI, including the responsible use of AI and how to think critically about digital content.
Extended Project Qualification pathway in Gen AI literacy - 'EPQ:AI' is available to Students in the UK and internationally.
The BTEC Artificial Intelligence Fundamentals course gives learners an understanding of the fundamental functions and operations involved in AI and machine learning.

Recent Pearson News

Blog: "Empowering Teachers for an AI Future"
Pearson response to the Curriculum and Assessment Review 
Pearson's EPQ:AI pathway
GCSE Exam Practice Assistant from Pearson Revise 
Lost in Transition: Gaps in Career Paths Costing the UK Economy £96 Billion Annually
Pearson and Cebr research on investment in technology in schools

About Pearson
At Pearson, our purpose is simple: to help people realize the life they imagine through learning. We believe that every learning opportunity is a chance for a personal breakthrough. That's why our c. 18,000 Pearson employees are committed to creating vibrant and enriching learning experiences designed for real-life impact. We are the world's lifelong learning company, serving customers in nearly 200 countries with digital content, assessments, qualifications, and data. For us, learning isn't just what we do. It's who we are. Visit us at pearsonplc.com.

Media contact
[email protected] 

SOURCE Pearson

December 04, 2025 04:00 ET

 | Source:

Vow ASA

Oslo, 4 December 2025: Vow ASA (ticker OSE: VOW) and its subsidiary Scanship have received a purchase order from a major European shipyard of EUR 29.6 million. Equipment deliveries will start in July 2027 for the first vessel and continue throughout 2028.

This order covers a new platform for a total of two vessels, with the first equipment delivery expected in July 2027 and the first vessel scheduled to enter operation by the end of 2029.

“Through this contract, we continue our long-standing cooperation with the shipyard and the cruise line. The vessels will be fully equipped with Scanship systems, reinforcing our joint commitment to reliable and sustainable solutions,” says Gunnar Pedersen, CEO of Vow ASA.

With Scanship technology onboard, all wastewater on the ships will be purified according to the requirements in the Baltic Sea and Alaskan State waters, which are to date the highest standards at sea. All residue sludge from the wastewater, along with food waste and other biogenic waste from hotel operations, will undergo several processing steps such as dewatering, homogenization, drying, and finally pyrolysis treatment.

The waste management system further enhances the abord circular economy, recovering valuable commodities such as glass and aluminum for landing.

Scanship’s integrated clean ship solutions are designed to ensure compliance with all maritime environmental requirements, reducing greenhouse gas emissions, recovering important resources from waste, and preventing pollution.

For more information, please contact:

Gunnar Pedersen, CEO, Vow ASA

Tel: +47 916 30 304

Email: [email protected]

Cecilie Brænd Hekneby, CFO, Vow ASA

Tel: +47 992 93 826

Email: [email protected]

This information is considered to be inside information pursuant to the EU Market Abuse Regulation and subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. This stock exchange notice was published by Cecilie Brænd Hekneby, CFO, on the date and time as set out in the release.

About Vow

Vow and its subsidiaries Scanship, C.H. Evensen and Etia are passionate about preventing pollution. The company’s world leading solutions convert biomass and waste into valuable resources and generate clean energy for a wide range of industries.

Advanced technologies and solutions from Vow enable industry decarbonisation and material recovery. Biomass, sewage sludge, plastic waste and end-of-life tyres can be converted into clean energy, low carbon fuels and renewable carbon that replace natural gas, petroleum products and fossil carbon. The solutions are scalable, standardised, patented, and thoroughly documented, and the company’s capability to deliver is well proven.

The company is a cruise market leader in wastewater purification and valorisation of waste. It provides technology and solutions which enable industries to transition towards a fossil-free future by converting biomass and waste into valuable resources and clean energy. The company also has strong niche positions in food safety and robotics, and in heat-intensive industries with a strong decarbonising agenda.

Located in Oslo, the parent company Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).

LONDON--(BUSINESS WIRE)--The latest credit card data analysis from global analytics software leader FICO, for September 2025, underlines the financial balancing act households have faced this year. Following the Autumn Budget, there are clear signs that cardholders with accumulated debt (three missed payments) are falling into deeper delinquency. This is particularly pronounced for customers who have had their credit card for five years plus. Highlights The most significant year-on-year decline.

Britain's BT launched a sovereign data platform for its public-sector and business customers on Thursday to store and process their data in the country, responding to increasing demand for higher levels of resilience.

HomeStock IdeasLong IdeasBasic Materials

SummarySouthern Copper Corporation stands out as the premier copper pure play, maintaining focus and operational discipline amid industry diversification.SCCO boasts the largest copper reserves, ambitious production growth plans, and assets located in stable, investment-grade countries, reducing geopolitical risk.SCCO leads the industry in cost efficiency and margins, with a net cash cost of $0.42/lb and EBITDA margins far above peers like FCX and RIO.I recommend buying SCCO in the $125-$130 range, supported by technical and fundamental analysis, with significant upside potential in the coming decade. tifonimages/iStock via Getty Images

Thesis: In the galaxy of copper producing stars, Southern Copper Company (SCCO) shines the brightest, and is the best positioned to benefit from the new economy of AI infrastructure, electrification, and renewable energy. Discerning investors should consider jumping onboard!

CompanyAnalyst’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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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.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in BITF over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Q3: 2025-12-03 Earnings SummaryEPS of $3.25 beats by $0.39

 |

Revenue of

$10.26B

(8.63% Y/Y)

misses by $12.94M

Salesforce, Inc. (CRM) Q3 2026 Earnings Call December 3, 2025 5:00 PM EST

Company Participants

Michael Spencer - Executive Vice President of Investor Relations
Marc Benioff - Co-Founder, Chairman & CEO
Robin Washington - President, Chief Operating & Financial Officer and Director
Miguel Milano - President & Chief Revenue Officer
Srinivas Tallapragada - President, Chief Engineering & Customer Success Officer

Conference Call Participants

Keith Weiss - Morgan Stanley, Research Division
Raimo Lenschow - Barclays Bank PLC, Research Division
Brad Zelnick - Deutsche Bank AG, Research Division
Brent Thill - Jefferies LLC, Research Division
S. Kirk Materne - Evercore ISI Institutional Equities, Research Division
Bradley Sills - BofA Securities, Research Division

Presentation

Operator

Good afternoon, everyone. My name is Leila, and I will be your conference operator today. At this time, I would like to welcome you to the Salesforce Third Quarter Fiscal 2026 Conference Call. This conference is being recorded. [Operator Instructions]

At this time, I would like to turn the call over to Mike Spencer, Executive Vice President of Finance and Strategy and Investor Relations. Sir, you may begin.

Michael Spencer
Executive Vice President of Investor Relations

Good afternoon, and thanks for joining us today on our fiscal 2026 third quarter results conference call. Our press release, SEC filings and a replay of today's call can be found on our website.

Joining me on the call today is Marc Benioff, Chair and CEO; Robin Washington, Chief Operating and Finance Officer. We also have Srini Tallapragada, President and Chief Engineering and Customer Success Officer; and Miguel Milano, President and Chief Revenue Officer, joining us for the Q&A portion of the call.

Some of our comments today may contain forward-looking statements that are subject to risks, uncertainties and assumptions, which could change. Should any of these risks materialize or should our assumptions prove to be incorrect, actual company results or outcomes could

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Dollar General Corporation (NYSE:DG) will release earnings results for the third quarter before the opening bell on Thursday, Dec. 4.

Analysts expect the Goodlettsville, Tennessee-based company to report quarterly earnings at 95 cents per share, up from 89 cents per share in the year-ago period. The consensus estimate for Dollar General's quarterly revenue is $10.64 billion, compared to $10.18 billion a year earlier, according to data from Benzinga Pro.

The company has beaten analyst estimates for revenue in five of the last 10 quarters, including in the most recently reported second quarter.

Shares of Dollar General fell 0.1% to close at $109.89 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

Telsey Advisory Group analyst Joseph Feldman maintained a Market Perform rating with a price target of $123 on Nov. 26, 2025. This analyst has an accuracy rate of 66%.
JP Morgan analyst Matthew Boss maintained a Neutral rating and boosted the price target from $109 to $115 on Oct. 27, 2025. This analyst has an accuracy rate of 67%.
Guggenheim analyst John Heinbockel maintained a Buy rating with a price target of $125 on Aug. 29, 2025. This analyst has an accuracy rate of 62%.
Morgan Stanley analyst Simeon Gutman maintained an Equal-Weight rating and raised the price target from $115 to $125 on Aug. 29, 2025. This analyst has an accuracy rate of 68%.
UBS analyst Michael Lasser maintained a Buy rating and boosted the price target from $128 to $135 on Aug. 29, 2025. This analyst has an accuracy rate of 79%
Considering buying DG stock? Here’s what analysts think:

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Top 2 Industrials Stocks That May Fall Off A Cliff This Quarter
Photo via Shutterstock

Market News and Data brought to you by Benzinga APIs

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

Frasers Group PLC (LSE:FRAS) has reported a “solid” first half and kept its full-year profit targets, helped by stronger margins and rapid growth overseas, even as it warned that shoppers remain under pressure and the retail sector is weighed down by excess stock.

The owner of Sports Direct and Flannels said revenue for the 26 weeks to 26 October 2025 rose 5% to £2.58 billion, driven largely by a 42.8% jump in international retail sales.

Adjusted profit before tax (the group’s preferred measure, which strips out one-off items) dipped 2.8% to £290.9 million as higher impairments and interest costs offset trading gains.

Michael Murray, chief executive, said: “We’ve made a solid start to FY26 even though market conditions are tough, consumer confidence is very subdued and excess inventory continues to weigh on the industry, leading to increased promotional activity.” He added that the group was “reiterating our FY26 APBT guidance of £550 million to £600 million”.

Adjusted profit before tax, or APBT, is a way of looking at profits before tax after removing volatile items such as gains or losses on financial derivatives and some property and investment movements.

On a statutory basis, reported profit before tax from continuing operations almost doubled to £412.1 million, helped by gains linked to derivative positions and disposals.

Margins were a clear bright spot. Group and retail gross margin (the share of each pound of sales left after the direct cost of goods) improved by 1.6 percentage points to 47.3% and 46.2% respectively.

Frasers said this reflected a better product and retail mix in its core UK Sports business and its Premium Lifestyle division, which includes Flannels.

Premium Lifestyle’s profit from trading rose 9.2% to £61.5 million, with “green shoots” in the luxury market as Flannels returned to sales growth.

Retail profit from trading, which reflects the day-to-day performance of the shops, climbed 12.2 % to £411.4 million.

However, this was partly offset at group level by an £82.3 million increase in impairments of tangible and intangible assets and an £11.3 million rise in interest costs.

Impairments are accounting write-downs that recognise when assets such as stores, equipment or acquired brands are no longer worth what they were previously carried at on the balance sheet.

The UK Sports Retail division saw revenue fall 5.8 % to £1.33 billion, and Premium Lifestyle revenue slipped 3.7% to £444.5 million, underlining the softness of the domestic market. International Retail, by contrast, grew strongly to £736.5 million.

Frasers highlighted the completed acquisitions of Holdsport in South Africa and XXL in the Nordics, and the opening of new Sports Direct stores with partners in Malta, Australia and the Middle East, as it builds what it calls a “platform for global growth”.

The group has continued to deepen ties with major brands, reporting stronger relationships with Nike, Adidas and Hugo Boss.

Its holdings in Hugo Boss and Australian retailer Accent Group are now accounted for as associates, adding £19 million to adjusted profit before tax in the half.

Frasers lifted its stake in Hugo Boss to 25.2% and in Accent Group to 19.9% during the period, while also investing in The Webster, a luxury multi-brand retailer in the US.

Property remains a central plank of the strategy. The group sold the non-core Coventry Arena business for £50 million, booking a £33.8 million gain, while buying additional shopping centres and retail parks in the UK, including sites at Greenock and Almondvale.

After the half-year end, it completed the £217.6 million purchase of the Braehead retail park near Glasgow.

Frasers also pointed to progress at Frasers Plus, its in-house credit and payments arm. The business ended the half with 1.1 million active customers, up from 0.4 million a year earlier, with Frasers Plus accounting for 20.0 % of UK online sales, compared with 13.7% in the prior first half. Some £154 million of retail sales were made on credit, unchanged year-on-year, as the group completed the exit of StudioPay.

The balance sheet has grown heavier as the group has expanded. Net assets (the difference between what the company owns and what it owes) rose to £2.39 billion from £1.99 billion at year-end FY25, with net assets per share up to £5.32.

Net debt excluding securitisation increased to £1.03 billion from £847.5 million, reflecting spending on capital projects, acquisitions and strategic investments. In July, Frasers secured a new £3.0 billion term loan and revolving credit facility, with options to extend the term and increase the facility to £3.5 billion.

A revolving credit facility functions like a large corporate overdraft, allowing the company to draw, repay and redraw funds as needed within an agreed limit.

Frasers said the new £3.1 billion facility in place today replaces earlier £1.65 billion arrangements and underpins its investment plans.

The company was blunt about the cost pressures it faces, noting “significant increases in staff costs” following rises in the National Minimum Wage and employers’ National Insurance in April 2025, and ongoing tensions with the Unite union over pay.

It said it was “working hard to offset the £50 million-plus incremental annual costs from last year’s Budget through disciplined savings, synergies and efficiencies”.

Looking ahead, Frasers described the consumer environment as “challenging”. Trading has improved compared with last year’s Budget-affected period but remains weaker than in FY24, with excess stock across the sector still encouraging discounting.

Even so, the group said its ambitions “remain high” and it continues to expect adjusted profit before tax for the full year in the £550 million to £600 million range, now including expected losses from XXL ASA and the first-time equity accounting of Hugo Boss and Accent Group.

Mastercard is rated Buy, supported by steady legacy business growth and rapid expansion in value-added services. MA's value-added services now comprise 38% of revenue, offering high-margin, fast-growing upsell opportunities. DCF analysis suggests MA's current $490B market cap reflects aggressive but warranted growth assumptions.

BARCELONA, Spain--(BUSINESS WIRE)--Traefik Labs today announced it has joined the HPE Unleash AI partner program, bringing its Triple Gate security architecture to HPE Private Cloud AI.

TAIPEI, Taiwan--(BUSINESS WIRE)--United Microelectronics Corporation (NYSE: UMC; TWSE: 2303) (“UMC”), today reported unaudited net sales for the month of November 2025. Revenues for November 2025 Period 2025 2024 Y/Y Change Y/Y (%) November 21,233,847 20,049,182 1,184,665 5.91% Jan.-Nov. 218,272,475 213,336,766 4,935,709 2.31% (*) All figures in thousands of New Taiwan Dollars (NT$), except for percentages. (**) All figures are consolidated Additional information about UMC is available on the w.

Rebeca Moen
Dec 04, 2025 08:18

AVAX price prediction shows potential 25% upside to $18.50 target over next month as technical indicators suggest bullish momentum building despite current consolidation.

AVAX Price Prediction Summary
• AVAX short-term target (1 week): $16.20 (+9.8% from current $14.75)
• Avalanche medium-term forecast (1 month): $17.50-$19.00 range
• Key level to break for bullish continuation: $15.86 immediate resistance
• Critical support if bearish: $12.54 strong support level

Recent Avalanche Price Predictions from Analysts
While no significant AVAX price prediction updates have emerged from major analysts in the past three days, this creates an opportunity to analyze Avalanche's current technical setup without noise from conflicting forecasts. The absence of fresh analyst coverage suggests the market is in a consolidation phase, which often precedes significant directional moves.

Our Avalanche forecast differs from the typical "wait and see" approach, as technical indicators are beginning to align for a potential upward breakout despite AVAX trading 58% below its 52-week high of $35.19.

AVAX Technical Analysis: Setting Up for Bullish Recovery
The current Avalanche technical analysis reveals several encouraging signals despite the token's proximity to yearly lows. AVAX is currently trading at $14.75, sitting comfortably above the critical $12.54 support level that has held firm since touching the 52-week low of $12.76.

The MACD histogram reading of 0.2747 indicates bullish momentum is building, even though the main MACD line remains negative at -0.8344. This divergence often signals an impending trend reversal. Additionally, the Stochastic %K at 80.95 suggests AVAX may be temporarily overbought in the short term, but the %D at 67.52 provides room for continued upward movement.

Within the Bollinger Bands framework, AVAX's position at 0.68 indicates the price is trending toward the upper band ($15.69), suggesting continued buying pressure. The current volatility measured by the 14-period ATR of $1.00 provides sufficient room for meaningful price movements in either direction.

Avalanche Price Targets: Bull and Bear Scenarios
Bullish Case for AVAX
Our primary AVAX price target sits at $18.50 within the next 4 weeks, representing a 25% upside from current levels. This target is based on breaking through the immediate resistance at $15.86 and establishing a higher trading range above the 50-day SMA of $16.78.

The bullish scenario requires AVAX to maintain support above $14.00 while building volume on any moves toward $15.86. A successful break above this level would likely trigger momentum buying toward our medium-term target range of $17.50-$19.00.

Key technical conditions supporting this Avalanche forecast include the RSI at 46.86 providing ample room for upward movement before reaching overbought conditions, and the current position above all short-term moving averages.

Bearish Risk for Avalanche
The primary risk to our bullish AVAX price prediction centers around a breakdown below the $12.54 support level. Such a move could trigger a retest of the 52-week low at $12.76 and potentially push AVAX toward $11.50 in a worst-case scenario.

Bearish confirmation would come from the MACD histogram turning negative again and RSI breaking below 40. Additionally, failure to break above the 20-day SMA of $14.22 on multiple attempts would signal continued weakness.

Should You Buy AVAX Now? Entry Strategy
Based on our Avalanche technical analysis, the current price of $14.75 presents a reasonable entry opportunity for those seeking exposure to AVAX's recovery potential. However, a more conservative approach would involve waiting for a pullback to $13.80-$14.00 range for better risk-reward positioning.

For the question of whether to buy or sell AVAX, our recommendation leans toward accumulating positions on any weakness near support levels. A stop-loss should be placed below $12.40 to limit downside risk if our prediction proves incorrect.

Position sizing should remain modest given AVAX's current distance from major resistance levels, with consideration for adding to positions upon successful breaks above $15.86.

AVAX Price Prediction Conclusion
Our AVAX price prediction carries medium confidence, targeting $18.50 within four weeks based on improving technical momentum and strong support holding near yearly lows. The current setup suggests Avalanche is building a foundation for recovery despite broader market uncertainty.

Key indicators to monitor for confirmation include the MACD histogram remaining positive, RSI staying above 40, and most importantly, maintaining support above $13.50. Invalidation of this bullish Avalanche forecast would occur on a decisive break below $12.54 with volume confirmation.

The timeline for this prediction spans the next 3-4 weeks, with initial confirmation expected upon breaking above $15.86 in the coming 7-10 days. Traders should remain flexible and adjust positions based on how AVAX responds to these critical technical levels.

Image source: Shutterstock

avax price analysis
avax price prediction

Dogecoin’s market performance is drawing attention as its price hovers around $0.1507, showing a modest increase of 0.5% over the past 24 hours. The price action reflects a broader trend in the cryptocurrency market, which is currently experiencing a period of significant regulatory and institutional shifts. This has resulted in a tighter market structure, setting the stage for what analysts predict could be a decisive price breakout.

The recent uptick in Dogecoin’s value comes as the cryptocurrency market responds to both domestic and international regulatory developments. Various jurisdictions have been moving towards clearer regulatory frameworks for digital assets. For instance, the United States Securities and Exchange Commission (SEC) has been actively working to enforce stricter compliance measures, while the European Union continues to refine its Markets in Crypto-Assets (MiCA) regulation. These regulatory measures aim to mitigate risks associated with cryptocurrency investments and trading, potentially affecting market dynamics by increasing institutional participation.

Dogecoin, originally created as a meme coin, has developed a strong community and gained significant popularity. Its value has often been influenced by social media trends and endorsements from high-profile figures. The recent price stabilization around a key level may be indicative of more institutional interest, as investors seek assets with substantial community support.

The current symmetrical triangle pattern in Dogecoin’s price chart indicates a period of consolidation, often leading to significant movement once a breakout occurs. This technical pattern suggests that a major price movement could be imminent, either in a bullish or bearish direction. Analysts are closely watching for signs of increased trading volume, which could signal the start of a new trend.

Beyond technical indicators, macroeconomic factors are also playing a role in Dogecoin’s market outlook. With inflation rates impacting traditional financial markets and interest rates fluctuating, some investors are considering cryptocurrencies, including Dogecoin, as a hedge against economic instability. This shift in investment strategy could further influence Dogecoin’s price trajectory.

Institutional investors have been gradually increasing their exposure to cryptocurrencies, a trend that has been bolstered by regulatory clarity. As more financial institutions and hedge funds enter the crypto market, the demand for established digital currencies like Dogecoin is likely to grow. This increasing demand could drive prices higher, especially if the regulatory environment continues to evolve favorably.

However, there are potential risks and challenges associated with investing in Dogecoin. The cryptocurrency market is notorious for its volatility, and sudden changes in regulatory policies or economic conditions can lead to sharp fluctuations in prices. Additionally, while institutional interest is growing, the market is still largely driven by retail investors who may react unpredictably to market news or social media trends.

Historically, Dogecoin has experienced significant price surges followed by rapid declines, reflecting its speculative nature. For instance, in 2021, Dogecoin saw a remarkable rally driven by social media hype and celebrity endorsements, only to face a steep correction afterward. Such patterns highlight the importance of cautious trading strategies and thorough market analysis.

In the current context, the potential for economic policies across the globe to impact the cryptocurrency market cannot be underestimated. As countries grapple with inflation and economic recovery post-pandemic, their monetary and fiscal policies could indirectly affect digital assets. For instance, if central banks decide to tighten monetary policies, it could reduce the liquidity available for riskier assets like cryptocurrencies.

The cryptocurrency market’s regulatory landscape is also shaped by technological advancements and innovations. Blockchain technology continues to evolve, offering new applications beyond digital currencies. This innovation may lead to changes in how cryptocurrencies are perceived and utilized, possibly influencing their market value.

Dogecoin’s community-driven nature remains a unique aspect of its market presence. The cryptocurrency has a dedicated base of supporters who often use social media platforms to discuss and promote Dogecoin. This engagement can lead to heightened market activity, although it also introduces an element of unpredictability.

Looking forward, Dogecoin’s market trajectory will likely be influenced by a combination of regulatory developments, institutional interest, and macroeconomic factors. As the cryptocurrency market matures, the role of regulatory clarity becomes increasingly important in attracting more institutional investors and fostering market stability.

Despite these dynamics, the inherent volatility of cryptocurrencies means that investors should remain vigilant. Diversification and risk management strategies are crucial when dealing with digital assets, especially those with a history of rapid price changes like Dogecoin.

In conclusion, Dogecoin stands at a critical juncture as it trades close to a pivotal level amid a landscape shaped by regulatory changes and growing institutional interest. While the potential for a significant breakout exists, the market’s inherent volatility and external economic factors warrant careful consideration. As the cryptocurrency ecosystem continues to develop, Dogecoin’s position within it will depend on a complex interplay of market forces, regulatory actions, and community engagement.

Post Views: 7

Will a 10% inflation rate affect SKR holders in 2026?

Zcash price has stabilized at a key 0.618 Fib support, with Altcoin Sherpa eyeing a relief rally if buyers hold the level and volume confirms demand.

Summary

Zcash price dumped hard from November highs, then stabilized into a rounded bottom around a major support area with rising intraday volume on bounces.​
Altcoin Sherpa flags the 0.618 Fibonacci retracement as the key swing-trade zone, with invalidation just below and no expectation of new all-time highs.​
Structure shows classic swing-low traits: steep drop into Fib support, V-shaped rebound, accumulation, higher lows, and room for a technical relief rally if sentiment holds.

Zcash price has stabilized following a sharp decline in early December, with the cryptocurrency trading near a technical support region. The privacy focused cryptocurrency is trading around $363.02 with a 24‑hour gain of roughly 10.2%, reflecting a strong short‑term rebound after recent weakness.

The digital asset experienced a deep retracement from November highs, forming a rounded bottom structure after a sequence of lower lows, according to chart data. Trading volume has increased during intraday recoveries, indicating potential demand returning to the market.

The December decline extended into a lower price area before buyers entered the market, creating a V-shaped rebound. Zcash (ZEC) price reaction aligns with the 0.618 Fibonacci retracement level, a technical indicator frequently monitored by traders in swing-trading setups.

Zcash tests key support
Cryptocurrency analyst Altcoin Sherpa stated that the current structure presents an opportunity for swing traders seeking a mid-term bounce. The analyst highlighted the confluence between the recent retracement and the 0.618 Fibonacci level, noting that this zone attracts technical traders looking for oversold reversals.

Sherpa does not anticipate a return to all-time highs but stated the current pullback may generate a relief rally. Based on past volatility and the depth of the correction, the analyst views a rebound as realistic if the market holds above the 0.618 region. Sherpa indicated that invalidation should occur just below this Fibonacci level, as losing it could lead to further downside.

Recent price action displays several characteristics of swing-low structures, including a steep drop into a major Fibonacci level, a sharp intraday reversal with strengthening volume, a shift from selling pressure to gradual accumulation, and higher lows forming on lower timeframes, according to technical analysis.

Momentum shifted once the price reclaimed a mid-range level, followed by a steady advance toward the current recovery zone. This suggests selling pressure may be diminishing, providing room for a technical bounce, with primary resistance at higher previous breakdown points.

Zcash currently trades in a technical region considered favorable for bounce traders. With a defined invalidation point and an established Fibonacci confluence, the market structure supports the possibility of a relief rally, particularly if broader altcoin sentiment continues improving alongside Bitcoin’s recent recovery, according to market observers.

Sherpa’s analysis focuses on a disciplined swing trading approach rather than long-term bullish positioning. If strength is maintained above the 0.618 Fibonacci region, the probability of a move toward higher mid-range levels increases, according to the analyst.

The XRP price has failed to join Bitcoin and Ethereum in their weekly gains and is still trading inside the tight band it has held since mid-November.

Meanwhile, one bullish on-chain signal has reached a three-month high, which is normally a strong setup for a recovery. Yet the XRP price has barely moved. Let’s understand why.

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Dormancy Hits a 3-Month High, but Long-Term Holders Keep SellingThe story begins with spent coins. Spent coins measure how many older XRP tokens move each day, and the metric has collapsed from 186.36 million XRP on November 15 to just 16.32 million XRP now. This is a dramatic 91% drop and the lowest level in three months.

When the older supply stops moving, selling pressure falls sharply. That is why dormancy , which increases when spent coins go down, has now hit its strongest level in three months. Under normal market conditions, this shift alone would support a stronger XRP price.

XRP Dormancy Peaks: SantimentWant more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

But the XRP price has not reacted because the conviction groups are moving the other way.

HODL Waves, which track supply held by each age band, show a clear distribution from older holders across the past month. The 6–12 month cohort has dropped from 26.18% of supply to 21.65%. The 1–2 year group has fallen from 9.34% to 8.61%. Even the 2–3 year cohort has eased from 14.58% to 14.12%.

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Long-Term Holders Keep Selling: GlassnodeThese groups form the backbone of trend strength because they control the supply that rarely moves. When they reduce their share, upside attempts lose power.

This also explains why even recent whale buying, which we covered earlier, has not been enough to lift the XRP price. Whales have increased exposure, but persistent outflows from older holders are still overpowering that demand. Until long-term supply stops leaving these cohorts, dormancy alone cannot drive a breakout.

XRP Price Must Close Above $2.28 to Escape Its RangeThe chart reflects the same tug-of-war. The XRP price has been stuck between $2.28 and $1.81 since November 15 and has not produced a single daily close above $2.28. This remains the key line that must break for momentum to build. A successful move above $2.28 would open the next targets at $2.56 and $2.69, areas where XRP has reacted strongly before.

A close below $1.98, however, would weaken the current structure and increase the chance of a return to $1.81.

XRP Price Analysis: TradingViewFor now, the message is clear. Dormancy is at a three-month high as spent coins are at a three-month low, but long-term holders are still distributing. Until these conviction groups stabilize and a daily candle closes above $2.28, the XRP price will stay inside its range.

Ethereum, a leading force in the blockchain industry, recently launched its much-anticipated Fusaka upgrade. With the primary aim of enhancing transaction speed and processing capabilities, this upgrade marks a significant milestone in Ethereum’s ongoing development. The upgrade, rolled out in December 2025, is designed to maintain the network’s core principles of security and decentralization while supporting its growing user base and increasing demand for its services.

Vitalik Buterin, the co-founder of Ethereum, has expressed his enthusiasm for the Fusaka upgrade, emphasizing its potential to revolutionize the Ethereum network’s scalability. Buterin highlighted that the upgrade could potentially double the transaction throughput, which would be a game changer for the platform, especially as the cryptocurrency market continues to expand. The Ethereum network has long been at the forefront of blockchain innovation, and with Fusaka, it aims to cement its position as a leader in the field.

The Fusaka upgrade comes at a crucial time for Ethereum, as the network has been experiencing congestion issues, primarily due to the rapid increase in decentralized applications (dApps) and the rise of non-fungible tokens (NFTs). These applications place significant demands on the network, often resulting in slower transaction speeds and higher fees. By implementing Fusaka, Ethereum seeks to address these challenges, improving user experience and making the network more accessible to a broader audience.

This upgrade is particularly important in the context of recent developments in the blockchain world. Competitors like Solana and Binance Smart Chain have been gaining traction due to their faster and cheaper transaction capabilities. Ethereum’s Fusaka upgrade is a strategic move to retain its competitive edge and ensure that it remains an attractive platform for developers and users alike.

One of the key features of the Fusaka upgrade is its innovative approach to processing transactions. It introduces a new mechanism that optimizes the way transactions are grouped and validated, allowing for more transactions to be processed in a shorter time frame. This efficiency is achieved without compromising on the network’s security measures, which remain robust and effective against potential threats.

Ethereum’s commitment to decentralization is another critical aspect of the Fusaka upgrade. Unlike some competing platforms that have faced criticism for prioritizing speed over decentralization, Ethereum has managed to strike a balance. The Fusaka upgrade enhances transaction throughput while maintaining a decentralized network structure, ensuring that no single entity can control or manipulate the system.

In addition to technical improvements, the Fusaka upgrade also includes user-friendly features that aim to simplify the experience for both developers and end-users. Enhanced developer tools and interfaces make it easier for creators to build and deploy applications on the Ethereum network, while improved user interfaces facilitate smoother interactions for everyday users engaging with dApps and other services.

The successful implementation of the Fusaka upgrade could have far-reaching implications for the broader cryptocurrency market. As Ethereum improves its scalability and reduces transaction costs, it could attract more businesses and developers to its platform, potentially driving further innovation in the blockchain space. This could also lead to increased adoption of cryptocurrencies in general, as more individuals and organizations recognize the practical benefits of blockchain technology.

However, despite the promising prospects of the Fusaka upgrade, there are potential risks and challenges that Ethereum may face. The transition to the new system requires extensive testing and evaluation to ensure its stability and security. Any unforeseen vulnerabilities could undermine user trust and impact the network’s reputation. Additionally, while the upgrade is designed to enhance scalability, continuous efforts will be needed to keep up with the ever-increasing demands of the blockchain ecosystem.

Furthermore, the success of the Fusaka upgrade will depend on the Ethereum community’s acceptance and adoption of the changes. Developers, miners, and users must adapt to the new system, which may involve learning new protocols and updating existing applications. This process could take time and require significant effort from all stakeholders involved.

Historically, Ethereum has been a pioneering force in the blockchain arena, setting standards and leading innovations that others have followed. The network’s transition from a proof-of-work to a proof-of-stake consensus mechanism, known as Ethereum 2.0, is one such example of its forward-thinking approach. This shift has significantly reduced energy consumption and increased the network’s efficiency, aligning with global sustainability goals.

As Ethereum continues to evolve, the Fusaka upgrade could play a pivotal role in shaping the future of blockchain technology. By addressing key challenges and enhancing the network’s capabilities, Ethereum aims to provide a more scalable, secure, and user-friendly platform for its global community. The ongoing improvements signal Ethereum’s commitment to maintaining its leadership position and driving the digital economy forward.

In conclusion, Ethereum’s Fusaka upgrade represents a bold step towards addressing the pressing issues of scalability and efficiency within the blockchain industry. While the road ahead may present challenges, the potential benefits of this upgrade are substantial. As the cryptocurrency landscape continues to evolve, Ethereum is poised to remain a significant player, leveraging its innovative spirit to navigate the complexities of the digital age. The coming months will reveal how successfully the Fusaka upgrade can deliver on its promises, potentially setting new benchmarks for the entire blockchain sector.

Post Views: 6

SINGAPORE, Dec. 04, 2025 (GLOBE NEWSWIRE) -- UP Fintech Holding Limited (NASDAQ: TIGR) (“UP Fintech” or the “Company”), a leading online brokerage firm focusing on global investors, today announced its unaudited financial results for the third quarter ended September 30, 2025.

Mr. Wu Tianhua, Chairman and CEO of UP Fintech stated: “The market environment remained supportive in the third quarter. Our total revenues reached US$175.2 million, representing an increase of 73.3% year over year and 26.3% quarter over quarter. Commission income, interest income and other revenue all saw impressive growth both sequentially and year over year, each setting new record highs. By prioritizing user quality and product diversification, we have sustained a high ARPU that underpins our profitability and a healthy business model. As a result, both our GAAP and non-GAAP net income delivered strong growth. Net income attributable to ordinary shareholders of UP Fintech was US$53.8 million, up 29.9% quarter over quarter and approximately three times that of the same quarter last year. Non-GAAP net income attributable to ordinary shareholders of UP Fintech reached US$57.0 million, an increase of 28.2% sequentially and 2.8 times the same period last year.

In the third quarter, we added 31,500 new customers with deposits, with Singapore and Hong Kong being the primary contributors, each accounting for roughly 40% of new funded clients. In the first three quarters of 2025, we onboarded over 132,200 new customers with deposits, and as of today, have effectively achieved our annual target of 150,000 new customers with deposits for 2025. By the end of the third quarter, our total number of customers with deposits reached 1,224,200, representing an 18.5% increase compared to the same quarter last year. Asset inflow remained robust, driven primarily by retail investors. Combined with mark-to-market gains, total account balance rose 17.3% quarter over quarter and 49.7% year over year to a record US$61.0 billion. We continued to refine our customer acquisition approach to ensure long-term user quality and are pleased to see the average net asset inflow of newly acquired funded clients reached a record high of over US$32,000 this quarter. Notably, average net asset inflow of new clients in Singapore and Hong Kong was approximately US$62,000 and US$30,000 this quarter, helping client assets in these two regions to grow roughly 20% and 60% quarter-over-quarter. Client assets in other markets also posted healthy double-digit sequential increases.

In the third quarter, we enhanced product breadth and user experience across digital assets and wealth management. In digital assets, we launched digital asset trading in New Zealand, enabling local users to trade spot cryptocurrency on our platform and rolled out macro market insights for digital assets and introduced featured market data, such as coin issuers and on-chain metrics, to help users make better-informed decisions and capture investment opportunities. In wealth management, we significantly expanded Tiger AI’s capabilities. We launched the innovative TradingFront AI function to give advisers a real-time analytical edge. TradingFront AI delivers instant insights on portfolio performance, risk exposure, and asset allocation for each client’s unique portfolio. The tool automatically surfaces market-sensitive updates, macroeconomic outlooks, and actionable recommendations, enabling advisers to respond faster to changing conditions and conduct more informed, personalized client conversations.

In our Corporate business, we underwrote 5 U.S. IPOs in the quarter, all serving as sole bookrunner, including “Yimutian Inc.” and “Linkhome”, and supported multiple digital asset companies in completing U.S. listings and financing deals, including “Bullish Inc.” and “Figure Technology Solutions”. In Hong Kong, we participated in 5 IPOs in the quarter, including “Geek Plus” and “SICC”, and acted as underwriter for “Boss Zhipin” public follow-on offering. In our ESOP business, we added 46 new clients in the third quarter, bringing the total number of ESOP clients served to 709 as of September 30, 2025.”

Financial Highlights for Third Quarter 2025

Total revenues were US$175.2 million, an increase of 73.3% year-over-year and an increase of 26.3% quarter-over-quarter.Total net revenues were US$153.2 million, an increase of 79.5% year-over-year and an increase of 26.2% quarter-over-quarter.Net income attributable to ordinary shareholders of UP Fintech was US$53.8 million compared to a net income of US$17.8 million in the same quarter of last year.Non-GAAP net income attributable to ordinary shareholders of UP Fintech was US$57.0 million, compared to a non-GAAP net income of US$20.1 million in the same quarter of last year. A reconciliation of non-GAAP financial metrics to the most comparable GAAP metrics is set forth below. Operating Highlights for Third Quarter 2025

Total account balance increased 49.7% year-over-year to US$61.0 billion.Total margin financing and securities lending balance increased 27.5% year-over-year to US$5.7 billion.Total number of customers with deposit increased 18.5% year-over-year to 1,224.2 thousand. Selected Operating Data for Third Quarter 2025

  As of and for the three months ended   September 30,  June 30,  September 30,   2024  2025  2025 In 000’s         Number of customer accounts  2,368.0   2,579.4   2,618.7 Number of customers with deposits  1,032.8   1,192.7   1,224.2 Number of options and futures contracts traded  15,261.2   22,432.3   25,636.1 In USD millions         Trading volume  162,990.0   284,038.2   209,421.4 Trading volume of stocks  41,406.3   68,184.3   73,442.7 Total account balance  40,763.6   52,056.3   61,037.7               Third Quarter 2025 Financial Results

REVENUES

Total revenues were US$175.2 million, an increase of 73.3% from US$101.1 million in the same quarter of last year.

Commissions were US$72.9 million, an increase of 76.9% from US$41.2 million in the same quarter of last year, due to an increase in trading volume.

Financing service fees were US$2.76 million, a decrease of 1.5% from US$2.80 million in the same quarter of last year, primarily due to decreased interest rates.

Interest income was US$73.2 million, an increase of 52.7% from US$48.0 million in the same quarter of last year, primarily due to the increase in margin financing and securities lending activities of our consolidated account customers.

Other revenues were US$26.3 million, an increase of 189.1% from US$9.1 million in the same quarter of last year, primarily due to the increase of our IPO distribution income and wealth management service revenue.

Interest expense was US$21.9 million, an increase of 39.8% from US$15.7 million in the same quarter of last year, primarily due to the increase in funding for margin financing and securities lending activities.

OPERATING COSTS AND EXPENSES

Total operating costs and expenses were US$89.4 million, an increase of 50.7% from US$59.3 million in the same quarter of last year.

Execution and clearing expenses were US$4.5 million, an increase of 27.3% from US$3.5 million in the same quarter of last year due to an increase in our trading volume.

Employee compensation and benefits expenses were US$47.2 million, an increase of 64.1% from US$28.8 million in the same quarter of last year, primarily due to an increase of global headcount to support our global expansion.

Occupancy, depreciation and amortization expenses were US$2.8 million, an increase of 27.6% from US$2.2 million in the same quarter of last year, due to the increase in office space and relevant leasehold improvements.

Communication and market data expenses were US$11.8 million, an increase of 21.3% from US$9.7 million in the same quarter of last year due to the increase of IT-related service fees.

Marketing and branding expenses were US$12.9 million, an increase of 56.7% from US$8.2 million in the same quarter of last year, primarily due to higher marketing spending this quarter.

General and administrative expenses were US$10.3 million, an increase of 48.6% from US$6.9 million in the same quarter of last year due to an increase in professional service fees.

NET INCOME attributable to ordinary shareholders of UP Fintech

Net income attributable to ordinary shareholders of UP Fintech was US$53.8 million, as compared to a net income of US$17.8 million in the same quarter of last year. Net income per American Depositary Share (“ADS”) – diluted was US$0.290, as compared to a net income per ADS – diluted of US$0.110 in the same quarter of last year.

Non-GAAP net income attributable to ordinary shareholders of UP Fintech, which excludes share-based compensation was US$57.0 million, as compared to a US$20.1 million in the same quarter of last year. Non-GAAP net income per ADS – diluted was US$0.307 as compared to a non-GAAP net income per ADS – diluted of US$0.124 in the same quarter of last year.

For the third quarter of 2025, the Company’s weighted average number of ADSs used in calculating non-GAAP net income per ADS – diluted was 187,968,942. As of September 30, 2025, the Company had a total of 2,667,964,212 Class A and B ordinary shares outstanding, or the equivalent of 177,864,281 ADSs.

CERTAIN OTHER FINANCIAL ITEMS

As of September 30, 2025, the Company’s cash and cash equivalents, term deposits and long-term deposits were US$580.7 million, compared to US$396.0 million as of December 31, 2024.

Conference Call Information:

UP Fintech’s management will hold an earnings conference call at 8:00 AM on December 4, 2025, U.S. Eastern Time (9:00 PM on December 4, 2025 Singapore/Hong Kong Time).

All participants wishing to attend the call must preregister online before receiving the dial-in number. Preregistration may take a few minutes to complete.

Preregistration Information:

Please note that all participants will need to pre-register for the conference call, using the link:
https://register-conf.media-server.com/register/BI3699a7be25e74cd7b11ddad5ba85161d

It will automatically lead to the registration page of “UP Fintech Holding Limited Third Quarter 2025 Earnings Conference Call”, where details for RSVP are needed.

Upon registering, all participants will be provided a confirmation email with a participant dial-in number and personal PIN to access the conference call. Please dial in 10 minutes prior to the call start time using the conference access information.

Additionally, a live and archived webcast of the conference call will be available at https://ir.itigerup.com

Use of Non-GAAP Financial Measures

In evaluating our business, we consider and use non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech and non-GAAP net loss or income per ADS - diluted as supplemental measures to review and assess our operating performance. The presentation of the non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with the United States Generally Accepted Accounting Principles (“U.S. GAAP”). We define non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech as net loss or income attributable to ordinary shareholders of UP Fintech excluding share-based compensation. Non-GAAP net loss or income per ADS - diluted is non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech divided by the weighted average number of diluted ADSs.

We present these non-GAAP financial measures because they are used by our management to evaluate our operating performance and formulate business plans. Non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech enables our management to assess our operating results without considering the impact of share-based compensation. We also believe that the use of these non-GAAP financial measures facilitates investors' assessment of our operating performance.

These non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. These non-GAAP financial measures have limitations as an analytical tool. One of the key limitations of using these non-GAAP financial measures is that they do not reflect all items of income and expenses that affect our operations. Share-based compensation has been and may continue to be incurred in our business and are not reflected in the presentation of non-GAAP net loss or income attributable to ordinary shareholders of UP Fintech. Further, these non-GAAP financial measures may differ from the non-GAAP financial information used by other companies, including peer companies, and therefore their comparability may be limited.

These non-GAAP financial measures should not be considered in isolation or construed as alternatives to total operating costs and expenses, net loss or income attributable to ordinary shareholders of UP Fintech or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to review these historical non-GAAP financial measures in light of the most directly comparable GAAP measures. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting the usefulness of such measures when analyzing our data comparatively. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

About UP Fintech Holding Limited

UP Fintech Holding Limited is a leading online brokerage firm focusing on global investors. The Company’s proprietary mobile and online trading platform enables investors to trade in equities and other financial instruments on multiple exchanges around the world. The Company offers innovative products and services as well as a superior user experience to customers through its “mobile first” strategy, which enables it to better serve and retain current customers as well as attract new ones. The Company offers customers comprehensive brokerage and value-added services, including trade order placement and execution, margin financing, IPO subscription, ESOP management, investor education, community discussion and customer support. The Company’s proprietary infrastructure and advanced technology are able to support trades across multiple currencies, multiple markets, multiple products, multiple execution venues and multiple clearinghouses.

For more information on the Company, please visit: https://ir.itigerup.com.

Safe Harbor Statement

This announcement contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “may,” “might,” “aim,” “likely to,” “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements or expressions. Among other statements, the business outlook and quotations from management in this announcement, the Company’s strategic and operational plans and expectations regarding growth and expansion of its business lines, and the Company’s plans for future financing of its business contain forward-looking statements. The Company may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties, including the earnings conference call. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s ability to effectively implement its growth strategies; trends and competition in global financial markets; changes in inflation and interest rate; technological advancements; changes in the Company’s revenues and certain cost or expense accounting policies and governmental policies and regulations affecting the Company’s industry and general economic conditions in China, Singapore and other countries; changes in geopolitical policies and conditions; rapid developments in the AI, virtual currency and blockchain industries. Further information regarding these and other risks is included in the Company’s filings with the SEC, including the Company’s annual report on Form 20-F filed with the SEC on April 23, 2025. All information provided in this press release and in the attachments is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law. Further information regarding these and other risks is included in the Company’s filings with the SEC.

For investor and media inquiries please contact:

Investor Relations Contact

UP Fintech Holding Limited

Email: [email protected]

UP FINTECH HOLDING LIMITED
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(All amounts in U.S. dollars (“US$”))         
As of
December 31,  
As of
September 30,   2024  2025   US$  US$ Assets:      Cash and cash equivalents  393,576,874   578,664,355 Cash-segregated for regulatory purpose  2,464,683,625   4,532,028,152 Term deposits  1,075,260   626,793 Receivables from customers (net of allowance of US$15,284,002 and US$12,917,206 as of December 31, 2024 and September 30, 2025)  1,052,972,649   1,667,671,643 Receivables from brokers, dealers, and clearing organizations  2,305,740,507   2,288,189,632 Financial instruments held, at fair value  75,547,082   107,668,575 Prepaid expenses and other current assets  17,629,819   30,883,983 Amounts due from related parties  16,720,671   16,272,700 Total current assets  6,327,946,487   9,222,005,833 Non-current assets:      Long-term deposits  1,369,994   1,404,692 Right-of-use assets  10,880,673   12,419,704 Property, equipment and intangible assets, net  15,358,528   14,480,087 Crypto assets held  —   4,827,659 Goodwill  2,492,668   2,492,668 Long-term investments  7,658,809   7,523,109 Equity method investment  10,203,622   10,520,803 Other non-current assets  6,828,553   11,299,482 Deferred tax assets  8,573,135   11,491,966 Total non-current assets  63,365,982   76,460,170 Total assets  6,391,312,469   9,298,466,003 Current liabilities:      Payables to customers  3,574,651,125   6,013,948,056 Payables to brokers, dealers and clearing organizations:  1,914,769,701   2,115,964,591 Accrued expenses and other current liabilities  67,263,254   99,977,572 Lease liabilities-current  4,153,928   6,115,972 Convertible bonds-current  —   161,498,483 Amounts due to related parties  874,331   77,720,831 Total current liabilities  5,561,712,339   8,475,225,505 Convertible bonds  159,505,397   — Lease liabilities-non-current  5,902,323   5,840,409 Deferred tax liabilities  2,068,661   1,855,844 Total liabilities  5,729,188,720   8,482,921,758 Mezzanine equity      Redeemable non-controlling interest  7,177,668   5,900,650 Total Mezzanine equity  7,177,668   5,900,650 Shareholders’ equity:      Class A ordinary shares  25,427   25,703 Class B ordinary shares  976   976 Additional paid-in capital  619,030,730   630,611,586 Statutory reserve  12,425,463   12,425,463 Retained earnings  37,843,547   166,219,993 Treasury stock  (2,172,819)  (2,172,819)Accumulated other comprehensive (loss) income  (11,919,310)  2,813,227 Total UP Fintech shareholders’ equity  655,234,014   809,924,129 Non-controlling interests  (287,933)  (280,534)Total equity  654,946,081   809,643,595 Total liabilities, mezzanine equity and equity  6,391,312,469   9,298,466,003  UP FINTECH HOLDING LIMITED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS) (All amounts in U.S. dollars (“US$”), except for number of shares (or ADSs) and per share (or ADS) data)   For the three months ended  For the nine months ended   September 30,  June 30,  September 30,  September 30,  September 30,   2024  2025  2025  2024  2025   US$  US$  US$  US$  US$ Revenues:               Commissions  41,207,882   64,787,635   72,908,334   103,080,878   196,003,120 Interest related income               Financing service fees  2,803,878   2,734,573   2,762,166   8,541,141   8,057,171 Interest income  47,957,486   58,689,064   73,224,073   135,992,655   185,718,530 Other revenues  9,084,834   12,508,765   26,265,671   19,824,906   46,711,423 Total revenues  101,054,080   138,720,037   175,160,244   267,439,580   436,490,244 Interest expense  (15,700,359)  (17,338,435)  (21,942,151)  (44,072,175)  (54,322,396)Total Net revenues  85,353,721   121,381,602   153,218,093   223,367,405   382,167,848 Operating costs and expenses:               Execution and clearing  (3,518,611)  (5,398,645)  (4,477,846)  (8,556,480)  (15,215,408)Employee compensation and benefits  (28,769,980)  (35,828,599)  (47,209,787)  (85,202,427)  (116,844,194)Occupancy, depreciation and amortization  (2,162,704)  (2,729,010)  (2,759,643)  (6,416,729)  (7,637,961)Communication and market data  (9,730,680)  (10,372,284)  (11,800,637)  (27,105,567)  (31,967,790)Marketing and branding  (8,223,404)  (9,875,699)  (12,888,969)  (19,022,135)  (33,631,716)General and administrative  (6,932,672)  (6,747,182)  (10,299,692)  (32,845,937)  (22,183,220)Total operating costs and expenses  (59,338,051)  (70,951,419)  (89,436,574)  (179,149,275)  (227,480,289)Other income (expense):               Others, net  (5,189,945)  (1,361,336)  1,327,184   (169,713)  (1,374,216)Income before income tax  20,825,725   49,068,847   65,108,703   44,048,417   153,313,343 Income tax expenses  (2,907,080)  (7,499,742)  (11,148,629)  (10,921,637)  (27,197,529)Net income  17,918,645   41,569,105   53,960,074   33,126,780   126,115,814 Less: net income (loss) attributable to non-controlling interests  3,353   12,018   10,052   (17,040)  33,597 Accretion of redeemable non-controlling interests to redemption value  (160,998)  (126,481)  (132,354)  (466,157)  (414,818)Net income attributable to ordinary shareholders of UP Fintech  17,754,294   41,430,606   53,817,668   32,677,663   125,667,399 Other comprehensive (loss) income, net of tax:               Changes in cumulative foreign currency translation adjustment  16,119,046   12,021,961   (1,123,148)  8,418,198   14,725,453 Total Comprehensive income  34,037,691   53,591,066   52,836,926   41,544,978   140,841,267 Less: comprehensive (loss) income attributable to non-controlling interests  (7,023)  8,366   8,301   (21,105)  26,512 Accretion of redeemable non-controlling interests to redemption value  (160,998)  (126,481)  (132,354)  (466,157)  (414,818)Total Comprehensive income attributable to ordinary shareholders of UP Fintech  33,883,716   53,456,219   52,696,271   41,099,926   140,399,937 Net income per ordinary share:               Basic  0.008   0.016   0.020   0.014   0.047 Diluted  0.007   0.015   0.019   0.014   0.045 Net income per ADS (1 ADS represents 15 Class A ordinary shares):               Basic  0.113   0.235   0.304   0.208   0.712 Diluted  0.110   0.225   0.290   0.204   0.681 Weighted average number of ordinary shares used in calculating net income per ordinary share:               Basic  2,362,528,627   2,649,852,622   2,656,878,202   2,353,177,657   2,647,314,747 Diluted  2,467,241,917   2,781,223,175   2,819,534,135   2,460,309,649   2,788,450,052  Reconciliations of Unaudited Non-GAAP Results of Operations Measures to the Nearest Comparable GAAP Measures
(All amounts in U.S. dollars (“US$”), except for number of ADSs and per ADS data)          
For the three months ended September 30,
2024 
For the three months ended June 30,
2025 
For the three months ended September 30,
2025     non-GAAP     non-GAAP     non-GAAP     GAAP Adjustment non-GAAP GAAP Adjustment non-GAAP GAAP Adjustment non-GAAP   US$ US$ US$ US$ US$ US$ US$ US$ US$ Share-based compensation   2,331,274     3,079,636     3,230,443   Net income attributable to ordinary shareholders of UP Fintech 17,754,294 2,331,274 20,085,568 41,430,606 3,079,636 44,510,242 53,817,668 3,230,443 57,048,111                     Net income per ADS - diluted 0.110   0.124 0.225   0.241 0.290   0.307 Weighted average number of ADSs used in calculating diluted net income per ADS 164,482,794   164,482,794 185,414,878   187,069,605 187,968,942   187,968,942 

STOCKHOLM--(BUSINESS WIRE)--Klarna, the global digital bank and payments provider, today launched its AI for Climate Resilience Program, a pioneering initiative using artificial intelligence to strengthen climate adaptation and community resilience across some of the world's most affected regions. The AI for Climate Resilience Program is a global initiative by Klarna to accelerate the use of AI in tackling the local effects of climate change. It identifies and supports innovators developing pra.

Binance’s native token, BNB, is back in the spotlight as the market tries to settle after weeks of volatility. After falling sharply from its October peak, the token is now showing early signs of recovery, pushing its price above $920. 

Psyduenyme crypto analyst notes that BNB is now nearing a key 7-year resistance level, where a breakout could accelerate the move toward $1,200.

BNB Approaches 7-Year Ascending ChannelAfter last week’s 7% jump, BNB is showing continued bullish momentum. According to analyst Altcoin Pioneer, BNB’s 3-week chart has formed a clear ascending channel that has guided its price for almost 7 years.

Analysts highlight that the token is now touching this major resistance line for the sixth time, an important moment. Every time BNB reached this level in the past, it went on to make higher highs, showing strong long-term demand.

If BNB breaks above the channel with strong volume, analysts believe it could start a powerful multi-stage rally. The first target sits around $950–$1,000, based on the recent price structure. 

A stronger breakout could send it toward $1,150–$1,500 by mid-2026 using Fibonacci projections.

Technical Signs Suggest a Breakout Could Be NearTechnical indicators add support to the bullish outlook. The weekly RSI is holding near 58 and shows a bullish divergence, signaling hidden strength despite recent volatility.

The MACD has also confirmed a golden cross, while the Fear & Greed Index sits at 15, reflecting extreme fear in the market.

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US Senator Cynthia Lummis has reignited speculation that the United States could move to materially increase its Bitcoin holdings, after posting a Bitcoin-themed image on X with the caption: “₿ig things coming for Franklin!”

Lummis Revives Strategic Bitcoin Reserve Hype
The image is drawn as a children’s book cover titled “FRANKLIN BUYS BITCOIN AND FINDS FINANCIAL FREEDOM.” At the center sits Franklin, a cartoon turtle in a backwards red cap and bandana, seated at a wooden desk. In front of him is a laptop emblazoned with the orange Bitcoin logo, clearly signaling that he is using Bitcoin-related software or services—most obviously, buying or managing BTC. Franklin’s eyes project bright “laser beams” at the screen, echoing the well-known “laser eyes” meme in Bitcoin culture.

On the desk lie physical coins stamped with the Bitcoin symbol, and a glass jar filled with more of these Bitcoin coins. The jar seems to function as a visual metaphor for saving and stacking sats over time. The subtitle “and finds financial freedom” explicitly connects Bitcoin accumulation with the idea of long-term economic sovereignty.

Source: X @SenLummis
Bitcoin-focused accounts immediately interpreted the post as a policy signal rather than a simple meme. Bitcoin Magazine summarized the moment as: “JUST IN: US Senator Cynthia Lummis hints at buying Bitcoin”. Bitcoin Archive went further, claiming: “JUST IN: US Senator Cynthia Lummis hints at a potential US Bitcoin buy. Senator Lummis has recently submitted legislation to have the US government buy 1 million Bitcoin.”

That reading is consistent with Lummis’ own public rhetoric. On November 5 she wrote via X: “I truly believe the Strategic Bitcoin Reserve is the only solution to offset our national debt. I applaud @POTUS and his administration for embracing the SBR, and I look forward to getting it done.” Her legislation has pushed for a formal US Strategic Bitcoin Reserve and explicitly contemplated the government holding up to 1 million BTC over time.

The meme also lands after President Trump’s executive order from March this year establishing a Strategic Bitcoin Reserve framework. While it has become very quiet around the topic, US Treasury Secretary Scott Bessent recently attended the opening of the Bitcoin bar PubKey in Washington. For many in the market, those developments, combined with Lummis’ latest post, suggest that concrete steps toward expanding US Bitcoin reserves may be progressing quietly in the background.

So far, however, there has been no official confirmation of state-level Bitcoin purchases. For now, Franklin remains a symbolic turtle with laser eyes at a Bitcoin laptop—but in a market hyper-attuned to political signals, Lummis’ image is being read as the clearest hint yet that the United States could one day be the largest sovereign Bitcoin buyer.

At press time, Bitcoin traded at $93,381.

Bitcoin bulls face the 0.618 Fib, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

TLDR:

SKR introduces a coordination layer supporting Seeker devices and Solana Mobile’s growing app ecosystem.
Guardians will verify devices and review app submissions as part of SKR’s security model.
The 10 billion SKR supply includes allocations for growth, airdrops, and community funding.
Inflation begins at 10 percent and reduces annually until stabilizing at 2 percent.

Solana Mobile is preparing to roll out SKR in January 2026, marking the start of a new on-chain coordination system for its mobile platform. The project introduces a token-driven model designed to support device security, builder incentives, and community participation. 

Solana Mobile shared the update through the Seeker account, which outlined how SKR will shape the growth of its mobile ecosystem. The announcement also confirmed the first wave of ecosystem partners joining as Guardians next year.

SKR Launch Marks New On-Chain Mobile Framework
SKR will act as the core mechanism that connects users, developers, and device-level activity. According to the Seeker account on X, holders will be able to stake to Guardians who verify device authenticity and review app submissions. 

The system aims to strengthen trust across the Seeker economy as more applications and devices enter the network. Solana Mobile said the first Guardian will be its own team before others join in 2026.

The upcoming Guardian group includes Helius Labs, DoubleZero, Triton One, Jito, and Anza. Each team will contribute to app curation and community standards during the early rollout phase. These responsibilities will help define the operational layer that connects the dApp Store and Seeker devices. 

Solana Mobile described SKR as a tool that guides growth while returning value to its user base.

The token supply will be capped at 10 billion SKR. Distribution covers airdrops, growth allocations, liquidity plans, and funding for community programs. 

Solana Mobile and Solana Labs will also receive shares to maintain the long-term roadmap. The team presented the breakdown as part of its broader coordination model.

Inflation Model Designed for Early Network Support
SKR will use a linear inflation schedule intended to reward early participation. The Seeker account said inflation will begin at 10 percent during the first year. 

The rate will then fall by 25 percent each year until it reaches a 2 percent terminal level. This design aims to support security while reducing token expansion as the ecosystem matures.

Participants who stake to Guardians will earn a share of ongoing inflation. Solana Mobile expects this framework to encourage active involvement during the early months. 

The team plans to discuss the initiative further at the upcoming Solana Breakpoint event. Community members will also receive more information on Seeker device integration and the long-term vision for SKR.

The January launch marks the start of a new phase for Solana’s mobile strategy. SKR will connect users with ecosystem partners while building a community-led review and security layer. Solana Mobile plans to scale Guardian participation throughout 2026.

LONDON--(BUSINESS WIRE)-- #AI--LabGenius Therapeutics (“LabGenius”), a drug discovery company combining machine learning (ML) and high-throughput experimentation to optimise potential therapeutic antibodies, today announced a second collaboration with Sanofi. This collaboration combines LabGenius' AI/ML-driven antibody design capabilities with Sanofi's expertise in the development of therapeutic NANOBODY® molecules to co-optimise proteins for therapeutically valuable properties. Following the success.