Market Signal Briefing

Following the recent Shibarium Bridge exploit that has posed serious threats to the SHIB community, Lucy, SHIB head of marketing, has called on law enforcement agencies to take action.

As of December 2, 2025, Dogecoin (DOGE) is trading at approximately $0.136, with a daily trading volume reaching $1.3 billion. This reflects a minor decline of nearly 1% over the last 24 hours and a sharper decrease of 9% throughout the past week.

As of December 1, XRP exchange-traded funds (ETFs) have experienced an 11-day streak of substantial inflows, with accumulative investments reaching $756.26 million, according to data from SoSoValue. The noteworthy addition of $89.65 million on the preceding Monday underscores one of the most significant daily contributions since the launch of these financial products, showcasing robust market momentum.

Bitcoin reclaimed $91,000 on Tuesday as Bank of America endorsed crypto investment allocations and Vanguard opens ETF trading for clients.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$91,998.16Ethereum(CRYPTO: ETH)$3,017.64Solana(CRYPTO: SOL)$140.15XRP(CRYPTO: XRP)$2.17Dogecoin(CRYPTO: DOGE)$0.1464Shiba Inu(CRYPTO: SHIB)$0.058467  Notable Statistics:

Coinglass data shows 120,612 traders were liquidated in the past 24 hours for $411.25 million.        
In the past 24 hours, top gainers include Pudgy Penguins, Sui and SPX6900.
Notable Developments:

Bank Of America Launches Bitcoin Coverage, Recommends Up To 4% Crypto Allocation
Bitcoin Back In The $80,000s Feels Painful, But The Worst Part Is Over
A New Take On Bitcoin, Ethereum And IPO Investing? VistaShares’ ETF Quartet Suggests So
Could AI Agents Exploit Ethereum, XRP, Solana? Anthropic Says It’s Possible
SEC Aims To Position US As Center For ‘Digital Asset Innovation’ With ‘Innovation Exemption’
Not Just Bitcoin: Strategy Partners With Snowflake To Standardize ‘Messy’ Data For AI
Michael Saylor’s Company Will Be Forced To Sell Bitcoin Before Year-End? Crypto Punters On Polymarket Have This To Say
Trader Notes: Daan Crypto Trades said Bitcoin cleanly swept its monthly candle high, reinforcing his view that when a new month begins with a strong move that leaves little or no wick, those levels tend to get retested, or taken out, quickly.

That played out in a fast reclaim above $91,000.

Nebraskangooner noted BTC now needs a daily close above $90,360 to open the path toward the still-untapped upper resistance zone.

Michael van de Poppe highlighted Bitcoin’s sharp recovery following the unusual drop on Dec. 1, calling the structure "strong."

A decisive break above $92,000 would likely confirm continuation toward a new all-time high and potentially a run toward $100,000.

Altcoin Sherpa compared the bounce to a milder version of March's price action, an aggressive selloff followed by an equally strong reversal. He believes this could mark a relative bottom.

Read Next:

If You’re Expecting A Bitcoin Bear Market In 2026, You Have It Wrong, Grayscale Says
Image: Shutterstock

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

Journalist

Posted: December 3, 2025

Crypto markets staged an unexpected relief rally today, with several major altcoins recording double-digit gains immediately after sentiment indicators flipped from panic to optimism. 

Fresh data from Santiment shows social volume turning overwhelmingly positive following a wave of MicroStrategy-related FUD, triggering what analysts describe as a “crowd-driven reversal” across large-cap assets.

Ethereum jumped 10%, Solana gained 12%, Cardano climbed 14%, Chainlink rose 13%, and Sui led the day with a 21% surge. 

Source: Santiment

The rebound followed a sharp sentiment washout earlier in the week, suggesting traders had reached capitulation levels before rotating back into risk assets.

But despite the strong intraday moves, broader market indicators paint a far more cautious picture.

Altcoin market cap still sliding
Coingecko’s altcoin market cap chart shows the sector has been on a steady decline for seven consecutive days, dropping from above $1.36 trillion to roughly $1.29 trillion. 

The rebound visible on Santiment’s price matrix has not yet reversed that broader downtrend.

Source: Coingecko

Even with today’s bounce, altcoins remain well below last week’s levels, underscoring how fragile market confidence remains.

Altcoin Season Index confirms trend: still Bitcoin season
The CMC Altcoin Season Index sits at 21/100, firmly inside Bitcoin Season territory.

That means:

Altcoins are underperforming Bitcoin on a multi-week basis,
Capital remains concentrated in BTC,
And institutional flows continue favoring Bitcoin ETFs, rather than rotation plays.

Just one month ago, the index stood at 29, indicating that altcoins have weakened relative to Bitcoin, despite today’s individual coin surges.

A sentiment reset may have caused the rally
Santiment attributes the sudden flip to crowd behaviour. Social data recorded a surge in bearish commentary across major assets, followed by a sharp reversal in price — a pattern often linked to forced seller exhaustion or short-term bottoming.

This move also arrived during a period of elevated volatility surrounding MicroStrategy, whose declining stock price had sparked fears of forced Bitcoin sales. 

As those concerns cooled, speculative capital quickly rotated back into oversold altcoins.

What comes next for altcoins?
For a sustainable trend reversal, analysts say two things must happen:

Altcoin market cap must reclaim the $1.35T–$1.40T zone, signalling renewed sector-wide demand.
The Altcoin Season Index must break above 25–30, showing that capital is rotating away from Bitcoin dominance.

Until then, today’s rebound looks more like a sentiment-driven relief move than the start of an altcoin breakout.

Final Thoughts

Today’s altcoin rally reflects a sharp sentiment swing — not yet a structural market shift.
Key indicators still show Bitcoin dominance, meaning altcoins need sustained inflows for a true recovery.

Bitocin treasury companies continue to accumulate a significant amount of BTC despite current market conditions and now control around 5% of the total BTC supply. These companies are led by Michael Saylor’s Strategy and Metaplanet, which have recently raised fresh capital to buy the dip. 

Bitcoin Treasury Companies Now Hold Over 1 Million In BTC
Bitcoin Treasuries data shows that the top 100 public Bitcoin treasury companies currently hold 1,058,929 BTC, while all public companies combined hold 1,061,697. Notably, Strategy is the largest public Bitcoin holder with 650,000 BTC. Michael Saylor’s company yesterday announced another 130 BTC purchase for $11.7 million. 

Meanwhile, the second-largest Bitcoin treasury company is BTC miner MARA holdings, which holds 53,250 BTC. Tether-backed Twenty One Capital, Metaplanet, and Bitcoin Standard Treasury Company complete the top 5, with 43,514, 30,823, and 30,021 BTC, respectively. Meanwhile, companies like Coinbase, Bullish, and Trump Media are among the top 10 largest BTC treasury companies. 

It is worth noting that these public companies account for only a part of the Bitcoin treasuries. Further data from Bitcoin Treasuries shows that there is currently 4 million BTC in treasuries as a whole, including the coins held by governments, private companies, exchanges, DeFi platforms, and ETFs.  

Source: Chart from Bitcoin Treasuries
BlackRock is currently the second-largest Bitcoin holder, only behind Satoshi Nakamoto. Strategy is third on the list, while Binance and the U.S. government complete the top 5, with BTC holdings of 628,868 and 323,588, respectively. The 4 million BTC held by these treasury companies as a group accounts for 19% of the total Bitcoin supply. 

Bitcoin treasury companies such as Strategy and Metaplanet have raised new capital amid the recent crash to buy more BTC. Saylor’s company recently raised $836 million from its STRE offering, which it used to buy 8,178 BTC. Meanwhile, Metaplanet raised $130 million to expand its BTC treasury. 

More Companies Set To Adopt Bitcoin
More Bitcoin treasury companies are set to emerge as $10 trillion asset manager, Vanguard, will start offering BTC ETFs from today. Notably, some companies gain BTC exposure through these ETFs rather than buying Bitcoin directly. On-chain analytics platform Arkham Intelligence revealed that the largest U.S. bank, JPMorgan, holds $300 million worth of BlackRock’s BTC ETF. 

Meanwhile, it is worth mentioning that Bitcoin treasuries such as Strategy are coming under immense pressure amid the current market downtrend. Strategy’s CEO, Phong Le, admitted that they might have to sell Bitcoin as a last resort to fund dividend payments if their mNAV drops below 1x and they can no longer raise capital. 

At the time of writing, the Bitcoin price is trading at around $87,000, up in the last 24 hours, according to data from CoinMarketCap.

BTC trading at $86,465 on the 1D chart | Source: BTCUSDT on Tradingview.com
Featured image from Pngtree, chart from Tradingview.com

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Skyline launches bAP3X on the Base network, bringing Apex Fusion’s AP3X token cross-chain utility and seamless interoperability to Coinbase’s EVM-compatible ecosystem.

Cross-chain interoperability leader Skyline, part of the Apex Fusion ecosystem, has announced the deployment of bAP3X on the Base network. The launch introduces the bridged version of Apex Fusion’s native AP3X token to the Coinbase-incubated Base network for the first time.

Implemented by Skyline using LayerZero’s Omnichain Fungible Token (OFT) standard, bAP3X, known as “Based Apex,” brings the utility of the Apex Fusion ecosystem directly to Base. The deployment allows the AP3X token to be fully bridgeable, extending its functionality beyond Apex Fusion’s native tri-chain architecture into the deep liquidity and developer-friendly environment of Base.

The launch of bAP3X marks the convergence of Apex Fusion’s vision for interoperability with Base’s scalability, creating a foundation for a new era of cross-chain DeFi. The deployment leverages Skyline’s advanced Blade EVM technology to ensure production-ready interoperability. This infrastructure allows native Apex Fusion assets to move fluidly across the UTXO and EVM layers and extend directly to Base.

The deployment will enable bAP3X to gain immediate traction across major Base protocols and applications. Liquidity pools are now live on Aerodrome, with incentives activated through Merkl. Additionally, bAP3X is live on QuickSwap, further expanding cross-ecosystem liquidity.

bAP3X marks a critical milestone in Apex Fusion’s multichain strategy by unlocking seamless connectivity between the Apex Fusion, Cardano, and Coinbase ecosystems. The token is fully bridgeable via LayerZero OFT for cross-chain transfers, and has been designed under FINMA guidance for compliant token utility.

Skyline’s infrastructure ensures that any token launched on Apex Fusion can now be extended to Base, while Base-native projects can deploy into Apex Fusion’s environment.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.

Solana’s (SOL) onchain flows are flashing a powerful supply-side shift with the crypto asset hovering just above the $120 support zone, but market participation still needs to intensify to turn this structural advantage into upside momentum.

Key takeaways:

$2.12 billion USDC flowed into Binance while $1.11 billion SOL exited, forming a textbook bullish structure around the $120 level.

SOL futures volume fell 3% while BTC and ETH saw 43% and 24% jumps, signaling sluggish trader participation despite improving spot mechanics.

Relative unrealized profit retreated to October 2023 lows, indicating a marketwide profitability reset similar to prior accumulation phases.

Stablecoin inflows, SOL supply crunch underpin $120 floorLast week, Solana witnessed a striking liquidity divergence on Binance, with USDC inflows ballooning to $2.12 billion, while SOL outflows exceeded $1.11 billion. CryptoQuant data indicated that this dynamic is crucial for defending major support levels, including $120, above which the price has been stabilizing.

Solana seven-day net flow analysis. Source: CryptoQuantLarge stablecoin inflows typically represent pending buy-side liquidity from whales or institutional entities who are partially sidelined. Meanwhile, native token outflows reduce exchange-side sell pressure, reinforcing the idea of a structural supply crunch.

The fact that USDT saw a $450 million outflow further underscored a shift toward USDC-driven capital deployment in Solana ecosystems, a trend historically aligned with constructive market behavior.

Despite a tightening supply profile, follow-through demand remains essential. Without active spot buyers stepping in, supply-side strength alone may not sustain broader directional moves.

According to Glassnode’s cost basis distribution heatmap, a large tranche of buyers recently acquired approximately 17.8 million SOL at a cost basis of $142 and another 16 million SOL at $135.

SOL Cost Basis Distribution Heatmap. Source: GlassnodeThese clusters act similarly to onchain support and resistance zones:

Large clusters below price leads to strong support, as many holders are either in profit or near breakeven and have an incentive to defend.

Large clusters above price leads to potential resistance, as trapped liquidity may sell into recovery.

Thus, at the moment, SOL needs to reclaim $135 and $142 for the recent buyers to act as strong fundamental support levels. 

Futures activity stalls while SOL PnL resetsWhile onchain flows show accumulation, derivatives activity inferred a more cautious environment. SOL futures volume slipped 3%, even as BTC and Ether (ETH) recorded sizable increases of 43% and 24%.

This imbalance suggested Solana traders have been unusually quiet, a contrast to the capital entering ecosystems via stablecoins.

BTC, ETH, and SOL futures data comparison. Source: GlassnodeMeanwhile, relative unrealized profit has dropped to October 2023 levels, when SOL traded near $20. Such profitability resets may imply that speculative excess has been wiped out, leaving the market in an attractive reaccumulation zone.

Net Realized Profit/Loss also printed heavy negative readings in November, mirroring the deep realized losses seen during the February–April 2025 bottom-range formation. Historically, such patterns precede stronger recovery cycles, but traders would need to step back in to convert positioning into upward momentum.

SOL net realized profit/loss. Source: GlassnodeThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Cimpress plc (CMPR) Bank of America Leveraged Finance Conference December 2, 2025 11:30 AM EST

Company Participants

Meredith Burns - Vice President of Investor Relations
Jonathan Chevalier - VP & Treasurer

Conference Call Participants

Marlane Pereiro - BofA Securities, Research Division

Presentation

Marlane Pereiro
BofA Securities, Research Division

Thank you for joining us. My name is Marlane Pereiro. I'm the high-yield cable and media analyst at Bank of America. I'm pleased to have with us from Cimpress, Jonathan Chevalier, Senior Vice President, Treasurer and Vista Finance; and Meredith Burns, Vice President, Investor Relations and Sustainability. Thank you for joining us.

Meredith Burns
Vice President of Investor Relations

Thanks so much. Thanks for hosting us. We're happy to be here.

Marlane Pereiro
BofA Securities, Research Division

Always a pleasure, Meredith. So we'll start out with the presentation.

Meredith Burns
Vice President of Investor Relations

Yes. So I'm going to go at a pretty quick clip through a few slides here, and then we'll leave lots of time for a fireside chat Q&A. So I'd like to say thank you to everybody who's here in the room, also the people that are on our webcast. Today, we will talk about the future and our thoughts about the future. There are risks to investing in our stock, which you can see listed on this slide, but also in much more detail in our SEC filings, so you should check those out. One thing that we will not be doing today is we won't be providing an intra-quarter update on the December quarter. So sorry, but that's not what we're here for, but happy to talk about the longer-term future for sure. And then there are some non-GAAP measures in this presentation, which you can find a reconciliation to on our website at ir.cimpress.com.

Recommended For You

Key Takeaways AT&T shares fell 7.8% in six months amid wireline weakness and mixed industry performance.
Q3 results showed declines in legacy services while wireless and fiber additions supported growth.The firm expands fiber reach and launches new platforms like FirstNet Fusion and Express Waves.
AT&T, Inc. (T - Free Report) has declined 7.8% over the past six months compared to the Wireless National industry’s decline of 10%. The stock has underperformed compared to the Zacks Computer & Technology sector and the S&P 500’s growth during this period.

Image Source: Zacks Investment Research

The company has underperformed its peers like Verizon Communications Inc. (VZ - Free Report) but outperformed T-Mobile US, Inc. (TMUS - Free Report) . Verizon has declined 7.1%, while TMUS has decreased 15.3% during this period.

Major Challenges for AT&TThe company continues to face challenges in the Business Wireline business. In the third quarter, its revenues declined 7.8% year over year, while EBITDA declined 13% year over year. Lower demand for legacy voice and data services continues to impact net sales. Per our estimate, the company expects to report $17.48 billion in revenues, indicating a 7.1% year-over-year decline.

AT&T usually witnesses a lower level of new connections during holiday seasons. Management expects to see lower fiber net adds in the fourth quarter owing to this factor.

In a highly saturated U.S. wireless market, the spectrum crunch has become a major issue. Most of the carriers are finding it increasingly difficult to manage surging mobile data traffic. Growing competition from other major telecom players, such as Verizon and T-Mobile, is driving up the customer acquisition expenses.

Key Growth Drivers for TAT&T is benefiting from solid wireless traction and customer additions. Healthy subscriber gains drove service revenues in the communication segment. The company recorded 328,000 post-paid net additions in Q3. Solid growth in the fiber broadband business is propelling growth in the Consumer Wireline business. AT&T recorded net fiber additions of 288,000, while Internet Air added 270,000 subscribers during the quarter. The company remains on track to reach 50 million customer locations by the end of 2030.

Per Grand View Research, the U.S. fiber broadband market is expected to grow at a 7.5% compound annual growth rate. The growing proliferation of high-bandwidth intensive applications, such as streaming, gaming, financial services, cloud-based services and remote work, is driving demand for high-speed broadband. AT&T is steadily expanding its portfolio to capitalize on these emerging market trends.

The company is steadily expanding its portfolio beyond traditional communication services to open up new revenue streams. It recently introduced FirstNet Fusion, a leading-edge mission-critical communications platform. The platform is designed to act as a one-stop solution that integrates multiple communication tools into a unified, interoperable ecosystem. The company recently introduced AT&T Express Waves, a leading-edge fiber solution that allows businesses to quickly scale operations by supporting cloud, AI, and edge applications. AT&T’s 5G network covers more than 320 million people across 27,000 cities and towns in the United States.

T's Estimate Revision TrendEarnings estimates for AT&T for 2025 and 2026 increased over the past 60 days.

Image Source: Zacks Investment Research

Key Valuation Metric of TFrom a valuation standpoint, AT&T appears to be trading relatively cheaper compared to the industry and trading below its mean. Going by the price/earnings ratio, the company shares currently trade at 11.48 forward earnings, lower than 12.04 for the industry and the stock’s mean of 12.56.

Image Source: Zacks Investment Research

End NoteAT&T remains focused on business transformation efforts to augment operational efficiency and facilitate optimum utilization of resources to enhance value. It expects to continue investing in key areas and adjust its business according to the evolving market scenario to fuel long-term growth. Upward estimate revision underscores growing investors’ confidence in the stock’s growth potential.

However, growing competition in a highly saturated U.S telecom market is weighing on margins. As AT&T tries to woo customers with healthy discounts, freebies and cash credits, margin pressures tend to escalate. With a Zacks Rank #3 (Hold), AT&T appears to be treading in the middle of the road, and new investors could be better off if they trade with caution. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key NotesStablecoin minting patterns historically precede major Bitcoin price rallies within 10-30 days of issuance.Combined Tether and Circle activity indicates liquidity retention and new capital entering crypto despite recent volatility.Market indicators suggest whales are positioning for upward movement with Bitcoin potentially bottoming around current levels.
Tether just minted $1 billion more of the leading stablecoin, USDT, totaling—together with Circle, the USDC issuer—over $20 billion in stablecoins minted since the October 10-11 crash. This movement provides valuable insights into what is next for the crypto market, liquidity-wise.

On December 2, one hour ago from this writing, Tether minted another 1 billion USDT and moved it to an unknown wallet on the Tron Network, according to data Coinspeaker gathered from Whale Alert.

Tether’s 1 billion USDT mint and transfer, onchain activity as of December 2, 2025 | Source: Whale Alert

The mint was also reported by Lookonchain, which highlighted the $20 billion in accumulated mints from Tether and Circle since the unprecedented $19 billion liquidation event on October 10 and 11 that crashed the market in what BitMine’s chairman described as a quantitative tightening effect for crypto—driving liquidity away.

Tether(@Tether_to) just minted 1B $USDT!#Tether and #Circle have minted $20B in stablecoins after the 1011 market crash.https://t.co/Ptsy2BsPoEhttps://t.co/bJ4jMdPZxo pic.twitter.com/IxbczCtNa8

— Lookonchain (@lookonchain) December 2, 2025

What Does $20 Billion in Stablecoin Mint Mean for Crypto?
Nevertheless, the so far minted $20 billion worth of USDT and USDC shows a different perspective on the crypto market, liquidity-wise. This is because stablecoins, especially the dollar-pegged ones issued by Tether and Circle, are the most used on- and off-ramps—being important liquidity and capital flow indicators.

As a rule of thumb, a diminishing market cap for stablecoins indicates capital is leaving crypto, with investors cashing out in traditional USD for non-crypto applications. On the other hand, an increasing market cap for this asset class indicates investors are depositing USD to get USDT and USDC so they can allocate capital in cryptocurrencies.

In theory, Tether and Circle can only mint USDT and USDC backed by real, deposited dollars. Therefore, these companies minting $20 billion post the $19 billion liquidations from October 10-11 suggests the liquidity not only remained in the crypto ecosystem, but additional liquidity has been entering the crypto rails at these prices.

A similar dynamic was observed on September 4, with Tether minting 2 billion USDT during a market retracement. This was the largest mint in nine months, only preceded by a $2 billion-worth mint in December 2024. All these mentioned mints have also preceded a price rally.

For example, Tether’s mint on December 6, 2024, preceded a 10-day, 8% rally on Bitcoin

BTC
$91 888

24h volatility:
8.2%

Market cap:
$1.84 T

Vol. 24h:
$83.11 B

, achieved on December 16, 2024—from $99,000 to $107,000, approximately. Then, on September 4, 2025, the reported 2 billion USDT mint preceded a 30-day, 12% rally to BTC’s current all-time high—from $110,500 to $124,500

Bitcoin (BTC) one-year price chart, with Tether mints and rallies, as of December 2, 2025 | Source: TradingView

If history repeats, Bitcoin could see a similar rally from its current levels, between $85,000 and $90,000, potentially marking a local bottom. Other market movements Coinspeaker covered also suggest crypto whales are favoring longs rather than shorts, accumulating for what could be the next rally.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Tether (USDT) News, Cryptocurrency News, News

Vini Barbosa has covered the crypto industry professionally since 2020, summing up to over 10,000 hours of research, writing, and editing related content for media outlets and key industry players. Vini is an active commentator and a heavy user of the technology, truly believing in its revolutionary potential. Topics of interest include blockchain, open-source software, decentralized finance, and real-world utility.

Vini Barbosa on X

TL;DR:

XRP fell after massive long liquidations, with no signs of increased short positions and $2.30 acting as a key resistance according to the analysis.
Large wallets dropped by 20.6% over eight weeks, but major holders increased their balances to 48 billion XRP, a seven-year high.
The $2.12 support level will define the next move, with a risk of further downside pressure if it fails to hold above it.

The crypto market is absorbing a new wave of volatility as XRP faces intense pressure from recent liquidations. The token’s sharp drop, triggered by a rapid clearing of long positions, has left traders questioning whether deeper losses could follow and whether $2.3 remains out of reach. The market’s reaction to long liquidations set the tone for XRP’s latest downturn.

$XRP has seen a significant liquidation of long positions.

And, during this process, not many new short positions have been formed.

The main short position resistance level remains around $2.3. pic.twitter.com/ZouwXvGiOy

— CW (@CW8900) December 2, 2025

Key Levels Shift as Liquidations Reshape Market Structure
XRP’s decline began after it traded in a narrow band between $2.10 and $2.20, breaking lower on December 1 as long positions were wiped out. Price hovered near $2.01 with a 1.9% daily loss and more than 9% on the week. The absence of new short positions suggests caution rather than aggressive bearish conviction.

Even with the sell-off, there has been no surge in short entries. Liquidity data shows no major build-up of shorts near current prices, reinforcing the idea that recent losses stemmed mostly from forced long exits. The $2.30 level remains the main resistance on the chart. Its persistent sell-side liquidity signals a barrier that price has not challenged since the drop.

Whale activity has added another dimension to the market narrative. Santiment data shows that 569 wallets holding over 100 million XRP exited this tier in the past eight weeks, a drop of 20.6%. The decline in large wallets contrasts with the rise in total holdings among those that remain.

Despite fewer whales, the remaining large holders now control 48 billion XRP, the highest in seven years. This consolidation suggests accumulation rather than distribution during the recent volatility. Large holders increasing their stakes hints at deeper conviction behind the scenes.

XRP continues to trade within its broader range of $1.80 to $3.80, now sitting near the midpoint. Traders are watching $2.12 closely, as a weekly close above it is considered vital for maintaining support. A failure to hold $2.12 could expose XRP to further downside pressure within its multi-year channel.

The current structure has pushed analysts to revisit broader sentiment, noting that XRP’s reaction to liquidations may reflect systemic fragility rather than isolated weakness. Market participants are weighing whether consolidation among major holders can offset short-term volatility. Growing uncertainty around leverage has intensified the focus on XRP’s next decisive move.

This backdrop leaves traders alert as volatility continues rising.

December 02, 2025 14:00 ET

 | Source:

Colliers International Group Inc

TORONTO, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Colliers International Group Inc. (TSX and NASDAQ: CIGI) ("Colliers") announced today that its Board of Directors has declared a semi-annual cash dividend on the outstanding Subordinate Voting Shares and Multiple Voting Shares (together, the "Common Shares") of US$0.15 per Common Share. This dividend is in accordance with the dividend policy of Colliers. The dividend is payable on January 14, 2026 to holders of Common Shares of record at the close of business on December 31, 2025. The dividend is an "eligible dividend" for Canadian income tax purposes.

About Colliers 

Colliers (NASDAQ, TSX: CIGI) is a global diversified professional services and investment management company. Operating through three industry-leading platforms – Real Estate Services, Engineering, and Investment Management – we have a proven business model, an enterprising culture, and a unique partnership philosophy that drives growth and value creation. For 30 years, Colliers has consistently delivered approximately 20% compound annual returns for shareholders, fuelled by visionary leadership, significant inside ownership and substantial recurring earnings. With $5.5 billion in annual revenues, a team of 24,000 professionals, and $108 billion in assets under management, Colliers remains committed to accelerating the success of our clients, investors, and people worldwide. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Forward-looking Statements

This press release includes forward-looking statements. Forward-looking statements include the Company’s financial performance outlook and statements regarding goals, beliefs, strategies, objectives, plans or current expectations. These statements involve known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different from any future results, performance or achievements contemplated in the forward-looking statements. Such factors include: economic conditions, especially as they relate to commercial and consumer credit conditions and consumer spending, particularly in regions where our business may be concentrated; commercial real estate property values, vacancy rates and general conditions of financial liquidity for real estate transactions; trends in pricing and risk assumption for commercial real estate services; the effect of significant movements in average capitalization rates across different property types; a reduction by companies in their reliance on outsourcing for their commercial real estate needs, which would affect revenues and operating performance; competition in the markets served by the Company; the ability to attract new clients and to retain major clients and renew related contracts; the ability to retain and incentivize producers; increases in wage and benefit costs; the effects of changes in interest rates on the cost of borrowing; unexpected increases in operating costs, such as insurance, workers’ compensation and health care; changes in the frequency or severity of insurance incidents relative to historical experience; the effects of changes in foreign exchange rates in relation to the US dollar on the Company’s Canadian dollar, Euro, Australian dollar and UK pound sterling denominated revenues and expenses; the impact of pandemics on client demand for the Company’s services, the ability of the Company to deliver its services and the health and productivity of its employees; the impact of global climate change; the impact of political events including elections, referenda, trade policy changes, immigration policy changes, hostilities and terrorism on the Company’s operations; the ability to identify and make acquisitions at reasonable prices and successfully integrate acquired operations; the ability to execute on, and adapt to, information technology strategies and trends; the ability to comply with laws and regulations related to our global operations, including real estate and mortgage banking licensure, labour and employment laws and regulations, as well as the anti-corruption laws and trade sanctions; and changes in government laws and policies at the federal, state/provincial or local level that may adversely impact the business.

Additional information and risk factors are identified in the Company’s other periodic filings with Canadian and US securities regulators (which factors are adopted herein and a copy of which can be obtained at www.sedar.com). Forward looking statements contained in this press release are made as of the date hereof and are subject to change. All forward-looking statements in this press release are qualified by these cautionary statements. Except as required by applicable law, Colliers undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

COMPANY CONTACT:

Christian Mayer
Chief Financial Officer
(416) 960-9500

TL;DR

Aster is accelerating its expansion in Dubai through a commercial agreement with WLFI to promote the use of the USD1 stablecoin in new trading markets.
The project introduced the partnership at a private conference with 176 attendees and confirmed plans to broaden USD1’s reach across financial services.
The integration moves forward as WLFI comes under scrutiny for its ties to Alt5 Sigma, a firm facing SEC filing delays and signs of internal disorder.

Aster has launched a strategic expansion in Dubai that combines commercial agreements, presence at global events, and an intensive incentive program aimed at strengthening its position in the decentralized derivatives market.

The company confirmed that it is working with World Liberty Financial (WLFI), a project associated with the Trump family, to drive adoption of USD1, the stablecoin seeking to establish itself in markets with strong liquidity demand.

The deal was disclosed at a private conference with 176 attendees, where protocol founders, traders, and researchers reviewed the growth plan for both initiatives. Leonard, Aster’s CEO, later confirmed the collaboration on his X account, noting that both parties are evaluating mechanisms to expand USD1’s use in new trading ecosystems and financial services.

Aster Participates in Binance Blockchain Week
Aster used the same week to deepen its public presence at Binance Blockchain Week, where it is participating with a booth, networking activities, and a panel on the role of perpetual DEXs in global market access. The company will also host a dinner organized by StableFi and a forum focused on the transition from stablecoins toward autonomous neo-banking models. The agenda aims to strengthen relationships with institutional actors and attract users who operate with high-volume strategies.

Aster also activated Stage 4 of its buyback program. The operation coincides with a trading competition divided into five phases, each lasting seven days, with weekly prizes of up to $2,000,000 in USDF. To qualify for Week 3, participants must place at least one daily order and accumulate $100,000 in perpetual volume over six days between December 1 and December 7. Minimum trade sizes vary by asset, from $50,000 for BTC to $10,000 for lower-cap tokens supported by the platform. The structure aims to maintain consistent activity and increase market depth during the promotional period.

WLFI Under Investigation

However, the collaboration with WLFI comes at a complicated moment, as the firm is under investigation for its financial ties to Alt5 Sigma, a company behind on its SEC filings, dealing with its auditor’s resignation, and facing internal leadership conflicts. Alt5 reportedly accumulated $1,500,000,000 in WLFI-linked assets through a circular transaction that moved more than $500,000,000 in August, raising concerns over the strength of its controls

Bitcoin (CRYPTO: BTC) reclaimed the $91,000 level on Tuesday, lifted by renewed ETF activity and a wave of short liquidations that accelerated the move higher.

What Happened: Crypto analyst Kevin noted in an X post on Monday that Bitcoin's current volatility is typical of a late-stage correction, now roughly 127 days in, where price swings intensify just before a proper bottom forms.

He expects BTC to carve out that bottom "within the next few weeks," followed by a meaningful counter-trend rally.

Kevin criticized traders who pinned hopes on the end of quantitative tightening (QT), arguing the real headwind has been global bond markets responding to potential Bank of Japan rate hikes.

These macro pressures have driven carry-trade stress and risk-off sentiment, a dynamic he believes should ease by mid-to-late December once central banks issue fresh guidance.

Kevin is watching the upcoming 3-day candle close, calling for Bitcoin to hold above $91,000. Navigating this phase, he says, requires patience and emotional discipline.

Also Read: Bitcoin Back In The $80,000s Feels Painful, But The Worst Part Is Over

Why It Matters: Santiment data shows Bitcoin's jump to $91,000 has quickly flipped crowd expectations from bearish to optimistic, an abrupt sentiment turnaround that often precedes choppy price action.

Meanwhile, ETF activity surged.

Bloomberg's Eric Balchunas noted Bitcoin spiked roughly 6% at the U.S. market open, the first session after Vanguard lifted its Bitcoin ETF trading ban, hinting at unexpected demand from typically conservative Vanguard clients.

BlackRock's IBIT also posted nearly $1 billion in volume within the first 30 minutes.

Together, renewed ETF participation and macro stabilization could set the stage for Bitcoin's next major move, once this correction finally bottoms out.

Read Next:

Bitcoin, Ethereum, XRP, Dogecoin Steady As Crypto Market Hovers Around $3 Trillion Valuation
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BitMine Immersion Technologies ( NYSEAMEX:BMNR ) has carved out a niche in the crypto treasury space by emulating Strategy ( NASDAQ:MSTR ), the pioneer in holding digital assets as corporate reserves.

Key Takeaways Ecolab's Q3 2025 results topped expectations with strong sales and earnings growth.Global High-Tech and Digital Platform segments delivered more than 30% sales gains and rising margins.Ongoing R&D focus and portfolio reshaping continue to drive high-margin, tech-led expansion.
Ecolab Inc. (ECL - Free Report) has been gaining from its solid product portfolio. The optimism, led by a solid third-quarter 2025 performance and continued focus on research and development, is expected to contribute further. However, concerns regarding macroeconomic factors persist.

This Zacks Rank #3 (Hold) stock has gained 16.5% in the year-to-date period against the industry’s 1.3% decline. The S&P 500 Composite has increased 18.9% during the same time frame.

The renowned water, hygiene and infection prevention solutions and services provider has a market capitalization of $77.94 billion. It projects 12.9% growth for the next five years and expects to maintain a strong performance in the future. Ecolab’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 0.29%.

Image Source: Zacks Investment Research

Reasons Favoring Ecolab’s GrowthStrong Product Portfolio With a Focus on R&D: Ecolab’s diversified portfolio across water treatment, hygiene, life sciences, digital technologies, and pest control positions it strongly for sustained growth, supported by consistent R&D investments. The global water treatment market, valued at $38.56 billion in 2023, is projected to expand at an 8.1% CAGR through 2030, providing ample expansion opportunities.

In the second quarter, the company reported progress in reshaping its portfolio by exiting non-core, low-margin segments in hospital and retail to concentrate on higher-value areas. Pest Elimination continues to outperform through its digital intelligence model, while Life Sciences sustains robust momentum across biopharma, pharma, and personal care, maintaining operating margins near 30%.

Ecolab is also advancing its innovation-led strategy through cutting-edge solutions like the 3D TRASAR AI Dishmachine Program, which applies IoT and machine learning to cut water usage, and the 3D Cloud platform, which uses real-time analytics to optimize water treatment. These initiatives, alongside its disciplined portfolio management, highlight Ecolab’s focus on strengthening its competitive edge and driving growth in high-margin, high-tech markets.

Ecolab’s Global High-Tech Business & Digital Platform: Ecolab is accelerating its transformation through two key high-growth, high-margin drivers — its Global High-Tech business and the Ecolab Digital Platform. Per the second-quarter earnings call, the Global High Tech segment delivered sales growth of more than 30%, driven by accelerating demand for data center cooling and water circularity solutions in the fast-expanding microelectronics industry. Management noted that operating margins in this segment now exceed 20%, underscoring both the scalability and profitability of the model, and described it as the beginning of an “incredible growth story” with significant runway as global demand for high-performance and sustainable solutions rises.

Complementing this, Ecolab Digital continued its rapid expansion, with nearly 30% sales growth in the second quarter and an annualized revenue run rate of about $380 million. Growth was fueled by a mix of subscription-based services and digital hardware, demonstrating the company’s ability to monetize its technology platform at scale. These businesses not only enhance Ecolab’s recurring revenue base but also strengthen its positioning in critical industries where efficiency, water management, and sustainability are top priorities, reinforcing the long-term durability of its growth strategy.

Strong Q3 Results: ECL exited the third quarter of 2025 with better-than-expected results. The company registered a robust year-over-year uptick in its top line, along with solid performances across all segments. The expansion of both margins bodes well for the stock.

Per management, the performance in Ecolab’s core businesses was led by a mid-single-digit rally in Institutional & Specialty, and accelerating Food & Beverage growth, as the company leveraged its innovations and the One Ecolab enterprise growth strategy. The company’s growth engines (which include Life Sciences, Pest Elimination, Global High-Tech and Ecolab Digital) collectively grew sales in the double digits. This looked promising for the stock.

A Factor That May Offset ECL’s GainsMacroeconomic Factors: Ecolab operates in 170 countries, which is why its operations are subjected to unfavorable social, political and economic challenges that may be ongoing in various countries. Per the second-quarter earnings call, management acknowledged several macroeconomic challenges that are creating near-term headwinds. Tariffs and tariff-related inflation remain a pressure point, with commodity costs running in the low to mid-single-digit range and expected to persist through the back half of the year.

The company also pointed to softer demand in paper and basic industries, which weighed on its performance compared with more resilient sectors. In addition, foreign exchange movements are expected to have an unfavorable impact on expenses relative to last year.

Estimate TrendEcolab is witnessing a stable estimate revision trend for 2025. In the past 30 days, the Zacks Consensus Estimate for its earnings has remained stable at $7.53 per share.

The Zacks Consensus Estimate for the company’s fourth-quarter 2025 revenues is pegged at $4.19 billion, indicating a 4.6% improvement from the year-ago quarter’s reported number.

Key PicksSome better-ranked stocks from the broader medical space are Medpace Holdings (MEDP - Free Report) , Intuitive Surgical (ISRG - Free Report) and Boston Scientific (BSX - Free Report) .

Medpace, currently carrying a Zacks Rank #2 (Buy), reported a third-quarter 2025 earnings per share (EPS) of $3.86, which surpassed the Zacks Consensus Estimate by 10.29%. Revenues of $659.9 million beat the Zacks Consensus Estimate by 3.04%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

MEDP has an estimated earnings growth rate of 17.1% for 2025 compared with the industry’s 16.6% growth. The company beat earnings estimates in each of the trailing four quarters, the average surprise being 14.28%.

Intuitive Surgical, sporting a Zacks Rank #1 at present, posted a third-quarter 2025 adjusted EPS of $2.40, exceeding the Zacks Consensus Estimate by 20.6%. Revenues of $2.51 billion topped the Zacks Consensus Estimate by 3.9%.

ISRG has an estimated long-term earnings growth rate of 15.7% compared with the industry’s 11.9% growth. The company’s earnings outpaced estimates in each of the trailing four quarters, the average surprise being 16.34%.

Boston Scientific, currently carrying a Zacks Rank #2, reported a third-quarter 2025 adjusted EPS of 75 cents, which surpassed the Zacks Consensus Estimate by 5.6%. Revenues of $5.07 billion outperformed the Zacks Consensus Estimate by 1.9%.

BSX has an estimated long-term earnings growth rate of 16.4% compared with the industry’s 13.5% growth. The company’s earnings beat estimates in each of the trailing four quarters, the average surprise being 7.36%.

Bitcoin’s (BTC) current trading behavior reflects one of its deepest macroeconomic disconnects in years, with global liquidity surging while BTC continues to lag behind money supply growth and gold’s record performance. A recent report from Bitwise suggested this gap may be setting up a significant asymmetric opportunity in Bitcoin heading into 2026.

Key takeaways:

Bitcoin is currently undershooting the global money supply by 66%, implying a model-based fair value near $270,000.

Gold has taken the bulk of 2025’s monetary-dilution bid and now overshoots global M2 by 75%.

Global liquidity turns, but Bitcoin hasn’t followed yetA fresh edition of the Bitwise Monthly Bitcoin Macro Investor report argued that the underlying environment for Bitcoin is far more bullish than its current price action. Global liquidity is now firmly pivoting toward reflation: the US is issuing nearly $1.9 trillion in Treasurys per year, preparing $2,000 stimulus checks, and the Federal Reserve’s quantitative tightening (QT) program ended on Dec. 1.

Macro Indicator signals against Bitcoin growth. Source: BitwiseAt the same time, Japan is rolling out a $110 billion stimulus package, Canada has restarted quantitative easing (QE), and China has approved a massive $1.4 trillion fiscal initiative. With more than 320 global rate cuts executed in the last 24 months, global M2 has surged to a record $137 trillion.

Against this backdrop, Bitwise highlighted one of the largest valuation gaps in Bitcoin’s history. According to the firm’s cointegration model, BTC is currently undershooting the global money supply by roughly 66%, implying a model-implied fair value near $270,000. This disconnect translated into a hypothetical upside of about +194% if Bitcoin reverts to its long-term liquidity anchor.

Bitcoin vs Global Money Supply integration model by Bitwise. Source: BitwiseSimply put, Bitcoin is undervalued relative to the scale of global monetary expansion, a dynamic that matters because BTC historically served as the most sensitive barometer for monetary dilution due to its absolute scarcity, as noted in the report. 

Bitcoin is due for strong risk-adjusted returns against goldDirector of Global Macro at Fidelity Jurrien Timmer said that Bitcoin’s trend setup currently trails gold across momentum and Sharpe ratio metrics, placing the two assets at “polar opposites.” 

The Sharpe ratio measures how much return an asset generates relative to its volatility, meaning gold is currently delivering stronger risk-adjusted performance than Bitcoin. While not yet signaling a reversal, Timmer framed this widening divergence as a potentially compelling mean-reversion setup.

Bitcoin momentum and Sharpe ratio. Source: Jurrien Timmer/XZooming out, Timmer noted that Bitcoin remains broadly aligned with its long-term power-law adoption curve despite its drawdown below $100,000. As BTC matures with limited parabolic returns, Timmer addressed BTC as “gold’s precocious younger sibling growing up”, still structurally strong, just less volatile.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Uniti Group Inc. (UNIT) Bank of America Leveraged Finance Conference December 2, 2025 11:30 AM EST

Company Participants

Paul Bullington - Senior EVP & CFO

Conference Call Participants

Ana Goshko - BofA Securities, Research Division

Presentation

Ana Goshko
BofA Securities, Research Division

[Audio Gap] 2025 Leveraged Finance Conference. We're thrilled to have Uniti Group with us today, and Paul Bullington, the company's CFO. And we also have Bill DiTullio, company's Head of Investor Relations with us. So without further ado, Paul, welcome.

Paul Bullington
Senior EVP & CFO

Thank you, Ana.

Ana Goshko
BofA Securities, Research Division

Thanks for joining us again this year.

Paul Bullington
Senior EVP & CFO

Yes, I'm glad to be here. This is certainly a favorite conference of ours.

Ana Goshko
BofA Securities, Research Division

Okay. Good to hear, and you're one of our favorite issuers.

Paul Bullington
Senior EVP & CFO

Yes. Awesome. Glad for that.

Ana Goshko
BofA Securities, Research Division

So before I jump into Q&A, are there any opening comments or you're ready to...

Paul Bullington
Senior EVP & CFO

No, no. I mean other than we're certainly very excited to have the merger with Windstream closed and behind us now. I think we're still early days, still 100 or 120 or whatever it is days into the merger. So it's still a little bit early days, but I think we're off to -- to me, a great start. I think the leadership team has really come together well, the new leadership that we have infused, particularly in Kinetic with John Horobin and some of the folks that he's brought in with the experience on the consumer side, I think, has been very well received all the way through the organization, and he's really hit the ground running. So we're excited to be well into this new chapter now. Yes.

Recommended For You

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Jerome Powell stepped in front of cameras on Dec. 1 at the Hoover Institution's George Shultz memorial event with three audiences watching: bond traders pricing an 87% chance of a December rate cut, a divided Federal Open Market Committee bracing for possible dissents, and a Bitcoin market that just bled $4.

Bitcoin price has dropped by more than 25% from its all-time high in November. Although it has started recovering today, with the price hovering above $91,000, macroeconomic factors continue to play a major role. 

So, the question is, is there a risk of BTC failing to breach $100,000 and falling below $80,000?

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Japan Slowed The Bitcoin RecoveryThe Bank of Japan has rattled financial markets by suggesting it may raise interest rates, which can threaten the Japanese Yen carry trade, which has been a source of low-rate money borrowing for decades. 

Concerns about an economic slowdown and the Federal Reserve holding rates steady instead of cutting them have also displeased investors.

Bitcoin briefly fell below $85,000 before rallying the following day, but the past few months have been filled with rallies that sputtered a few days later.

MicroStrategy Might Have To Sell Some Of Its BitcoinMicroStrategy CEO Phone Le’s recent admission that the company may sell Bitcoin if shares trade below the value of its underlying holdings is a key headwind that can push Bitcoin below $80,000.  

Strategy isn’t just another Bitcoin player. The company has been a Bitcoin treasury since 2020, and owns approximately 3% of all Bitcoin. Its stock is also doing poorly in recent months, which makes Le’s scenario more possible. 

Strategy has lost roughly 60% of its value since mid-July. Meanwhile, Bitcoin has only dropped by 25% during the same stretch.

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Recent price action suggests that some crypto traders are trying to beat Strategy to the punch. 

Market Sentiment Is ChangingWhile Strategy selling some of its Bitcoin can hurt confidence in the asset and result in more sellers, the downturn isn’t isolated to Bitcoin, which is down by 19% over the past 30 days. 

Ethereum has actually performed worse despite having zero connection to Strategy, and it’s down by 25% over the past month.

The next two weeks will be critical for market sentiment. The Fed meets on December 9-10 to decide if it will lower rates one more time, while the Bank of Japan meets on December 18-19. 

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THE VANGUARD EFFECT: Bitcoin jumps 6% right around US open on first day after bitcoin ETF ban lifted. Coincidence? I think not. Also $1b in IBIT volume in first 30min of trading. I knew those Vanguardians had a little degen in them, even some of the most conservative investors… pic.twitter.com/OKyihvEqqD

— Eric Balchunas (@EricBalchunas) December 2, 2025
Financial markets and crypto can go much lower if the Fed doesn’t cut rates and the Bank of Japan raises its rate. 

A drop below $80,000 for Bitcoin price is very likely if those two things happen. However, investors may see a strong rally if the Fed cuts rates and the Bank of Japan keeps its rate steady.

Higher interest rates can lead to more margin calls and prompt over-leveraged institutions and investors to sell off more assets. 

The Japanese Yen carry trade’s unwinding is perhaps the biggest factor that can impact Bitcoin prices and financial markets as a whole.

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Bitcoin’s Inflation Hedging Can Propel It To All-Time HighsSentiment isn’t good for Bitcoin price right now, but its value as a digital asset remains intact. 

As countries get deeper into debt and reduce the purchasing power of their fiat currencies, Bitcoin’s status as a decentralized currency can propel it to all-time highs.

THE YEN CARRY SINGULARITY

Japan's 40-year bond just hit 3.69%. The highest since 2007.

This is not a number. This is a detonator.

Behind that yield sits $20 trillion in carry trade exposure. Borrowed yen funding everything from Treasuries to tech stocks to Bitcoin. For… pic.twitter.com/mER7zvM38R

— Shanaka Anslem Perera ⚡ (@shanaka86) November 25, 2025
There are only 21 million Bitcoins, and no central authority can increase the supply of Bitcoin, giving it a similar investment thesis as gold. Bitcoin’s volatility makes it easy for investors to abandon ship, especially during market cycles like this one. 

Nothing about Bitcoin’s long-term value has changed, but central banking decisions may push it below $80,000 in the short term. 

Investors who prefer to stay in the market rather than time the market may opt to buy the dip. 

Financial institutions have started to heavily invest in Bitcoin, and while the potential unraveling of the Japanese Yen carry trade can cause short-term disruption, it doesn’t impact Bitcoin’s long-term investment thesis.

Journalist

Posted: December 3, 2025

Aave has officially expanded to Mantle Network in a new partnership designed to bring institutional-grade lending liquidity to the fast-growing Layer-2 ecosystem. 

However, while Aave moves forward on one front, fresh governance documents reveal the DAO is simultaneously preparing for a significant consolidation — including shutting down deployments on some chains and imposing stricter revenue requirements for all future expansions.

Aave goes live on Mantle to accelerate institutional liquidity
The partnership, announced today, 2 December, positions Aave V3 as a core liquidity engine across Mantle’s Layer-2 environment. The rollout includes support for blue-chip assets such as ETH, USDC, and USDT, with additional pairs expected in later phases.

Mantle described the integration as a way to “bring institutional-grade DeFi liquidity on-chain at global scale,” with the deployment aimed at strengthening lending markets and onboarding large-scale capital allocators. 

The expansion follows Mantle’s growing footprint in L2 user activity, TVL growth, and its broader push to attract enterprise and fund-driven liquidity flows.

The integration enables Mantle users to borrow, lend, and leverage assets through Aave’s flagship V3 engine — offering risk-segmented liquidity pools, isolation mode, and cross-chain functionality via portals. 

In practice, Mantle now gains access to one of DeFi’s most battle-tested money markets, while Aave deepens its presence across high-performing L2s.

But internally, Aave is preparing a major multichain reset
A new Temp Check posted on Aave’s governance forum reveals a more complex picture behind the expansion narrative. 

According to the proposal, Aave’s multichain strategy has “not been the total success which it was hoped to be,” with several deployments failing to generate meaningful revenue or user traction.

The DAO is now considering a sweeping strategic shift:

1. Shutting down three Aave V3 deployments entirely

zkSync
Metis
Soneium

These chains are producing just $3,000–$50,000 in annualized revenue — far below the operational costs and engineering overhead required to maintain them.

2. Increasing the Reserve Factor on underperforming chains
Chains generating under $3M annualized revenue — including Polygon, Gnosis, BNB Chain, Optimism, Scroll, Sonic, and Celo — will face higher Reserve Factors to improve profitability.

If revenue does not materially improve within 12 months, these instances may also face offboarding.

3. Requiring a $2 million annual revenue floor for all new deployments
For the first time, Aave is signaling that its network presence carries tangible economic value. Any new chain wanting an Aave V3 deployment must now guarantee $2M per year in revenue.

This rule would dramatically reshape the dynamics of DeFi expansion, placing financial obligations on chains rather than relying solely on TVL or user incentives.

A tale of two strategies: expansion and consolidation
Despite launching on Mantle, the DAO’s own numbers show most of Aave’s revenue comes from just a handful of chains:

Ethereum: $142M annualized [81.6%]
Plasma, Base, Arbitrum, Avalanche: meaningful mid-tier contributors
All other chains combined: <4% of total revenue

The Temp Check argues that Aave must focus on high-impact deployments and stop spreading resources thinly across low-yield networks.

Final Thoughts

Aave’s Mantle launch keeps its L2 expansion alive, but governance discussions show a protocol shifting toward profitability, efficiency, and consolidation.
The proposed multichain reset, including shutdowns and new revenue requirements,  marks a turning point for Aave’s long-term strategy and DeFi’s broader evolution.

Aave has expanded its decentralized finance (DeFi) services to the Mantle Network as of December 2025. This expansion marks a strategic effort to tap into high-growth Layer 2 (L2) ecosystems and diversify its platform offerings.

According to reports, it has been three months since the Shibarium Bridge hack that drained more than $3 million from users, yet the case has not moved into formal law enforcement channels.

On-chain investigators traced a clear path of funds, and community members say the clues are strong enough to support an official probe. Still, exchanges are holding back unless a police case number is presented.

On-Chain Trail Revealed
Based on reports from on-chain sleuths, the attacker moved 260 Ether through Tornado Cash before routing 232.49 ETH to deposit addresses at KuCoin. The laundering path involved 111 wallets and 45 unique KuCoin deposits, according to a public breakdown by a community investigator known as Shima.

Shibarium Bridge hacker foolishly chose not to accept the K9 bounty – it’s finally time to share the investigation we’ve been working on…🔎 this is juicy 🤤

The hacker made one stupid mistake and it completely unravelled their Tornado Cash laundering. 💰🌪️💵

That one mistake… pic.twitter.com/itxsXbbGSm

— Shima 島。 (@MRShimamoto) December 1, 2025

A small mistake — a single transfer of 0.0874 ETH — linked otherwise hidden wallets and allowed the investigator to map much of the operation. The tracing work was shared with the Shiba Inu ecosystem team so it could be used to press for recovery.

Why didn’t https://t.co/OoTvg1kraL call the police?

Why isn’t there a report to the appropriate authorities to get a case number?

Why have no law enforcement been involved in the https://t.co/OoTvg1kraL bridge hack? https://t.co/88Gdxi0rhh

— Pulse Digital 🟣 (@CryptoPulse9) December 1, 2025

Practical Roadblocks To Recovery
Tracing crypto through mixers remains difficult, even when the ledger gives clues. Exchanges often need subpoena power, legal requests or a case number to share account details.

That requirement can leave strong on-chain leads stuck if a project does not file a police report. Community investigators can point the way, but many of the next steps depend on formal legal action and cross-border cooperation.

Exchange Action Hinges On Case Number
After Shima handed the findings to the project team, members of the community and teams such as K9 Finance stepped in. One representative, using the handle DeFi Turtle, reached out to KuCoin to ask that the exchange freeze the suspected funds.

SHIB market cap currently at $4.6 billion. Chart: TradingView
KuCoin replied that it would require a formal law enforcement case number before taking such action, based on the messages that have circulated in community channels. Without a police report, the exchange said it could not legally provide internal records or lock the linked accounts.

Sleuth Offers Evidence To Victims
Faced with slow institutional movement, Shima has offered the full dataset, the mapping work and the methodology to victims and to any law enforcement body willing to act. Victims in different countries may need to lodge complaints locally to create the case numbers that exchanges demand.

Calls For Formal Complaints
Shane Cook, founder of Pulse Digital Marketing, questioned why the Shiba Inu team had not filed an official complaint despite the on-chain evidence. Reports show the team previously confirmed the breach and said it had contacted security firms including PeckShield and Hexens.

Cook’s criticism centers on the idea that technical analysis alone may not be enough; a legal filing is often required to make exchanges cooperate. The community now wonders whether the project prioritized reopening the bridge and repayment planning over pursuing legal routes.

Featured image from Hacked.com, chart from TradingView