Market Signal Briefing

Caterpillar' record Q3 revenues and rising backlog contrast with ongoing earnings pressure and steep valuation, keeping investors on alert.

LOS ANGELES, Dec. 02, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against StubHub Holdings, Inc. (“StubHub” or “the Company”) (NYSE: STUB) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to its initial public offering (“IPO”) conducted on September 17, 2025, are encouraged to contact the firm before January 23, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. StubHub’s free cash flow suffered due to changed in the timing of vendor payments. These changes caused the Company’s free cash flow reports to be materially misleading. Based on these facts, the Company’s public statements were false and materially misleading throughout the IPO period. When the market learned the truth about StubHub, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE:

 The Schall Law Firm

LBRT faces significant financial and execution risks from margin declines, capital outlays and reliance on volatile power contracts amid macroeconomic pressures.

Key Takeaways JNJ secured EU approval for Imaavy as an add-on therapy for generalized myasthenia gravis.Phase III and II/III studies showed Imaavy plus standard care delivered sustained disease control.Imaavy was approved in the United States in April 2025 for treating generalized myasthenia gravis.
Johnson & Johnson (JNJ - Free Report) announced that the European Commission has approved Imaavy (nipocalimab) as an add-on therapy for the treatment of generalized myasthenia gravis (gMG) in adults and adolescents.

The targeted population for this approval includes patients aged 12 years and above who are anti-acetylcholine receptor or anti-muscle-specific kinase antibody-positive.

Following the latest nod, Imaavy became the first FcRn blocker available for both adult and adolescent patients with gMG in the EU.

Imaavy, a fully human FcRn blocker, was approved in the United States in April for treating gMG, a chronic, incurable autoimmune condition marked by debilitating symptoms such as muscle weakness and difficulty with chewing, swallowing and speaking.

JNJ's Price PerformanceYear to date, shares of J&J have rallied 42.2% compared with the industry’s rise of 17.8%.

Image Source: Zacks Investment Research

More on the EU Nod for JNJ's ImaavyThe latest EU nod for Imaavy was based on data from the pivotal phase III Vivacity-MG3 study as well as data from the phase II/III Vibrance-MG study.

Data from the Vivacity-MG3 study showed that treatment with Imaavy plus standard of care (SOC) led to superior disease control versus those who received placebo plus SOC throughout 24 weeks. Also, patients treated with Imaavy experienced sustained disease control and symptom relief for up to 20 months in Vivacity-MG3 and its open-label extension.

The safety and tolerability profile was consistent with that observed in other studies on Imaavy.

Meanwhile, data from the phase II/III Vibrance-MG study showed that treatment with Imaavy plus SOC led to sustained disease control as measured by the primary endpoint of IgG reduction from baseline over 24 weeks versus placebo plus SOC.

The EU approval for Imaavy is likely to serve an area of high unmet medical need and offer long-term disease management for the estimated 56,000 to 123,000 people who live with gMG across Europe.

The approval in the EU was expected, as in September, the European Medicines Agency’s Committee for Medicinal Products for Human Use had recommended the approval of Imaavy for gMG.

J&J is also evaluating nipocalimab in late-stage studies for various immune-mediated conditions like warm autoimmune hemolytic anemia, hemolytic disease of the fetus and newborn, and Sjogren’s disease. It is also in mid-stage studies for idiopathic inflammatory myopathy and systemic lupus erythematosus. In fact, the company believes that nipocalimab has a pipeline-in-a-product potential.

JNJ's Zacks Rank & Stocks to ConsiderJ&J currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the biotech sector are CorMedix (CRMD - Free Report) , Arcutis Biotherapeutics (ARQT - Free Report) and ADMA Biologics (ADMA - Free Report) . While CRMD currently sports a Zacks Rank #1 (Strong Buy), ARQT and ADMA carry a Zacks Rank #2 (Buy) each, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

In the past 60 days, estimates for CorMedix’s 2025 earnings per share (EPS) have increased from $1.83 to $2.87. EPS estimates for 2026 have moved up from $2.48 to $2.88 during the same period. CRMD stock has surged 20.8% year to date.

CorMedix’s earnings beat estimates in each of the trailing four quarters, with the average surprise being 27.04%.

In the past 60 days, estimates for Arcutis Biotherapeutics’ loss per share have narrowed from 44 cents to 24 cents for 2025. During the same time, EPS estimates for 2026 have increased from 9 cents to 41 cents. Year to date, shares of ARQT have rallied 118%.

Arcutis Biotherapeutics’ earnings beat estimates in each of the trailing four quarters, the average surprise being 64.80%.

In the past 60 days, estimates for ADMA Biologics’ EPS have increased from 57 cents to 58 cents for 2025. During the same time, EPS estimates for 2026 have improved from 88 cents to 90 cents. Year to date, shares of ADMA have gained 13%.

ADMA Biologics’ earnings beat estimates in one of the trailing four quarters, matched once and missed the same on the remaining two occasions, with the average negative surprise being 3.01%.

Key Takeaways USAC will acquire J-W Power for about $860M, expanding its fleet to roughly 4.4M active horsepower.The deal adds over 0.8M horsepower across major regions, widening USAC's geographic reach.USAC gains new service lines, including aftermarket support and specialized manufacturing.
USA Compression Partners, LP (USAC - Free Report) , Dallas, TX, an oil and gas equipment and services provider, recently announced a definitive agreement to acquire J-W Power Company, a major privately-held player in the compression services sector, for a total value of approximately $860 million. This acquisition marks a key step in USAC’s strategic growth, significantly expanding its operational footprint and fleet capabilities in the natural gas compression market.

Expanding Scale and Fleet CapacityThe acquisition of J-W Power strengthens USAC’s market position by combining its fleets to total approximately 4.4 million active horsepower. This enhanced scale ensures that USAC is better positioned to meet the growing demand for natural gas compression, an essential service in the energy industry. By adding J-W Power’s equipment to its portfolio, USAC now commands a larger, more diverse fleet, able to cater to a wider range of customer needs across multiple regions.

Geographic Diversification and Market ReachOne of the key benefits of this acquisition is the expanded geographic footprint that USAC gains by integrating J-W Power’s assets. The deal adds more than 0.8 million active horsepower across critical regions, including the Northeast, Mid-Con, Rockies, Gulf Coast, Bakken and the Permian Basin. These regions represent some of the most vital and active areas for natural gas production in the United States, and USAC’s increased presence in these basins ensures its continued growth in the face of evolving market demands.

This geographic diversification helps USAC to reduce risks associated with regional downturns or regulatory changes, ensuring a more stable and resilient operational base. The acquisition enhances the company’s ability to service customers in both established and emerging markets, driving long-term value and supporting growth initiatives.

Broader Business Model and Service OfferingsThe addition of J-W Power brings more than just horsepower to USAC. The acquisition introduces new business lines, including aftermarket services and parts distribution, which are critical for maintaining the longevity and efficiency of compression equipment. Additionally, USAC gains greater flexibility through specialized manufacturing services that will allow it to offer more customized solutions to meet diverse customer requirements.

These expanded capabilities align with USAC’s long-term strategy of becoming a comprehensive service provider across the natural gas compression industry. The company now has the tools and resources to address an even wider array of client needs, from initial equipment supply to ongoing maintenance and support, further solidifying its role as a leading player in the sector.

Stronger Customer Base With Long-Term RelationshipsUSAC’s customer base is set to grow substantially with the acquisition of J-W Power. The deal adds a highly diversified portfolio of customers, many of whom have established long-term relationships with J-W Power. These relationships are invaluable as they represent a steady, recurring revenue stream for USAC, providing a solid foundation for growth.

The combination of two strong customer bases creates additional opportunities for cross-selling and deepening client relationships. By integrating both companies' customer service operations, USAC is poised to deliver even higher levels of support and innovation, ensuring continued satisfaction and loyalty among existing and new customers.

Enhanced Market Leadership in Mid-to-Large Horsepower CompressionUSAC’s acquisition of J-W Power not only expands fleet but also solidifies its leadership in the mid-to-large horsepower compression market. The integration of J-W Power’s high-quality fleet allows USAC to increase its market share in this critical segment, where demand is rapidly growing due to increased natural gas production across the United States.

The acquisition further strengthens USAC’s position as a key player in compression services, enabling it to cater to larger-scale projects with higher horsepower needs. This expanded capacity ensures that USAC can continue to deliver cutting-edge solutions to its customers, maintaining a competitive edge in a fast-evolving market.

Financially Attractive and Deleveraging TransactionThe acquisition is expected to be accretive to its distributable cash flow on a near-term basis, providing an immediate financial boost to USAC. The transaction is also financially attractive, with a valuation of approximately 5.8x, the estimated adjusted EBITDA for 2026, before considering expected synergies. This favorable multiple positions USAC for growth and profitability.

Additionally, the deal is structured in a way that accelerates USAC’s path to a sub-4.0x leverage ratio. It plans to fund the acquisition with a combination of $430 million in cash and approximately 18.3 million new USAC common units, which will be issued to J-W Power’s seller. This transaction structure is designed to enhance USAC’s financial flexibility and de-leverage the balance sheet, positioning it for even greater operational efficiency and shareholder value.

Looking Ahead: A Bright Future for USACThis acquisition represents a major milestone for USA Compression Partners, reinforcing its status as a dominant force in the natural gas compression sector. With a stronger fleet, an expanded customer base and a diversified set of services, USAC is well-positioned to meet the evolving needs of its clients while capitalizing on new growth opportunities in key regions across the United States.

As USAC looks ahead to the first quarter of 2026, when the transaction is expected to close, it is poised to continue the upward trajectory, delivering long-term value to unitholders and further cementing the leadership role in the compression services industry.

ConclusionThe acquisition of J-W Power by USA Compression Partners is a significant step in strengthening its position as a market leader in natural gas compression services. By enhancing its fleet, expanding geographic reach and diversifying service offerings, USAC is set to meet the growing demand for compression services while ensuring long-term stability and growth in the years to come. With strong operational synergies, a diversified customer base and a robust financial structure, USAC is poised to boom in the evolving energy landscape.

USAC's Zacks Rank & Other Key Picks

Currently, USAC sports a Zacks Rank #1 (Strong Buy).

Investors interested in the energy sector might look at other-ranked stocks like  Par Pacific (PARR - Free Report) , Oceaneering International (OII - Free Report) and Canadian Natural Resources Limited (CNQ - Free Report) , which sport a Zacks Rank #1 each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

Par Pacific is valued at $2.30 billion. It is a vertically integrated energy company that operates in refining, marketing and logistics, with a significant presence in the U.S. mainland and Hawaii. With a focus on operational efficiency and sustainability, Par Pacific leverages its portfolio of refineries, retail networks and transportation infrastructure to deliver value while meeting the evolving demands of the energy industry.

Oceaneering International is valued at $2.43 billion. The company is a global provider of engineered services and products to the offshore energy, aerospace and defense industries. Oceaneering International specializes in underwater robotics, remotely operated vehicles and subsea engineering solutions for offshore oil and gas exploration and production.

Canadian Natural Resources is valued at $70.35 billion. The company is one of Canada's largest independent oil and gas exploration and production companies. With a diverse portfolio of assets spanning oil sands, conventional oil, and natural gas, Canadian Natural Resources is focused on sustainable energy development and long-term growth.

The Procter & Gamble Company (PG) Presents at Morgan Stanley Global Consumer & Retail Conference 2025 Transcript

Grosse Pointe, Michigan, Dec. 02, 2025 (GLOBE NEWSWIRE) -- Broad Arrow Auctions, a Hagerty company (NYSE: HGTY) is delighted to announce two exciting private collections as early highlights for the company’s flagship Amelia Auction, set for March 6-7 at the Ritz-Carlton, Amelia Island in Florida. Celebrating its fourth year as the official auction house of the renowned Amelia Concours in 2026, Broad Arrow’s Amelia Auction will once again present approximately 150 exceptional collector cars across a two-day sale, offering everything from pre-war coachbuilt classics to motorsport icons, supercars, modern classics, and more.

A pair of well-respected private collections lead early highlights for the Amelia Auction; The Bill Spurling Collection and The Wellington Morton Collection. Each group of cars is offered entirely without reserve and from the care of true enthusiasts.

The Bill Spurling Collection

The Bill Spurling Collection comprises 14 exceptional pre- and post-war American classics offered without reserve. Bill Spurling was a longtime collector and successful entrepreneur from Evansville, Indiana. He loved American classics of all kinds, with a particular affinity for Cadillacs and LaSalles, as illustrated by the many fantastic examples on offer within the collection. The 14-car group is led by American pre-war power and styling at its finest; a 1935 Duesenberg Supercharged Model J LaGrande Dual-Cowl Phaeton (Estimate: $1,300,000 - $1,600,000, Offered Without Reserve). Mr. Spurling passionately pursued a supercharged Duesenberg Model J over his lifetime and acquired J-562 in his later years. This particular example was originally the company car of Duesenberg President Lucius B. Manning and later saw long-term ownership by noted collectors Hubert Fischer and Gerry Shaw. It is presented as originally built with new, award-winning LaGrande “Swept Panel” Dual-Cowl Phaeton coachwork in striking cobalt blue and khaki over a biscuit leather interior.

“I had the pleasure of helping Bill Spurling acquire quite a few cars over the last 25 years,” says Donnie Gould, Senior Car Specialist, Broad Arrow Auctions. “Bill always bought the best example available of any car he was looking for, and if he couldn’t, he’d purchase a highly original example and have it restored to be the very best of its kind. Not only was Bill a gentleman through and through, but the pedigree and quality of his cars truly speak for themselves. We’re honored to help his family pass Bill’s passion on to new enthusiastic caretakers at Amelia.”

Additional highlights from The Bill Spurling Collection include:

1931 Cadillac Series 452A V-16 Fleetwood Convertible Coupe (Estimate: $425,000 - $525,000, Offered Without Reserve) – This V-16 is one of a mere 94 Convertible Coupes completed in 1931 by Fleetwood’s original works in Pennsylvania, and one of just seven known to survive. It has been cherished and preserved by a documented chain of devoted Cadillac enthusiasts from new and is superbly presented, retaining its matching-numbers 452 cubic-inch V-16 engine. Restored in 2-19 by early Cadillac authority, Jim Pearson, the car was awarded Cadillac & LaSalle Club Senior status in 2022 and took Third in Class at the 2023 Pebble Beach Concours d’Elegance.1931 Cadillac Series 370A V-12 Fleetwood Five-Passenger Phaeton (Estimate: $200,000 - $250,000, Offered Without Reserve) – One of just 128 examples bodied in attractive Five-Passenger Phaeton coachwork by Fleetwood, this beautifully restored, AACA and CCCA National First Prize award-winning car was formerly part of the renowned Dr. Barbara Atwood Collection.1934 LaSalle Series 50 Convertible Coupe (Estimate: $120,000 - $160,000, Offered Without Reserve) – Chassis number 21-5104 is a fantastic example of the car chosen as the official pace car for the 1934 Indianapolis 500. The Series 50 Convertible Coupe on offer retains its numbers-matching chassis, body, and engine today. The car was a Class Award laureate at the 2023 Amelia Island Concours d’Elegance under Mr. Spurling’s ownership. View all 14 cars offered from The Bill Spurling Collection at the Amelia Auction, entirely without reserve, at broadarrowauctions.com.

The Wellington Morton Collection 

Broad Arrow is also proud to offer another distinguished private collection at the Amelia Auction.  The Wellington Morton Collection features a diverse group of 14 European, British, and American collector cars offered entirely without reserve. Wellington Morton was a successful entrepreneur and a passionate, lifelong collector car enthusiast. Many of the vehicles on offer have spent decades in his care, and Broad Arrow is honored to help pass them along to their next caretaker in March. The collection is headlined by a 1954 Mercedes-Benz 300 SL Gullwing Coupe (Estimate: $1,400,000 - $1,800,000, Offered Without Reserve). This early production example of the iconic Gullwing retains its original, matching-numbers chassis, body, and engine and is presented in period-correct Silver over a striking Red leather interior, a beautiful example ready to be enjoyed in the world’s most acclaimed motoring events.

“Wellington Morton was a true steward of collector cars,” adds Gould. “He loved cars of all kinds, as reflected by the eclectic selection on offer, and he enjoyed both driving his cars and sharing them with fellow enthusiasts at hobby events including The Amelia, every year. Interested bidders can be sure the diverse cars set for the Amelia Auction are coming from a very good home.”

Additional highlights from The Wellington Morton Collection include:

1959 Ferrari 250 GT Pinin Farina Coupe Series I (Estimate: $350,000 - $450,000, Offered Without Reserve) – A desirable and beautifully presented Series I example with charming early styling details. Cherished by the Morton Collection since 2004, the 250 GT is offered fresh from service by Rosso Corsa in Jupiter, Florida.2005 Ford GT (Estimate: $350,000 - $450,000, Offered Without Reserve) - A stunning, single-owner example of the iconic supercar, finished in Centennial White with Sonic Blue racing stripes over an Ebony Block interior.1967 BSA Lightning (Estimate: $15,000 - $25,000, Offered Without Reserve) – An exceptionally preserved and well-documented example, purchased new by Wellington Morton as he embarked on his business career and his collecting passion. View all 14 cars offered from The Wellington Morton Collection at the Amelia Auction, entirely without reserve, at broadarrowauctions.com.

Consignments for the Amelia Auction are invited through mid-January 2026. Interested consignors are invited to connect with a Broad Arrow car specialist at broadarrowauctions.com or by contacting [email protected].

Editor’s Notes 

Photo Caption/Credit – All images by Ryan Merrill/Courtesy of Broad Arrow Auctions.

About Broad Arrow Auctions
Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow expanded its global auction footprint with three new auctions in 2025 held in collaboration with Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter. 

About Hagerty, Inc. (NYSE: HGTY)
Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can’t get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn. 

Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. 

Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

1935 Duesenberg Supercharged Model J LaGrande Dual-Cowl Phaeton

1954 Mercedes-Benz 300 SL Gullwing Coupe

1935 Duesenberg Supercharged Model J LaGrande Dual-Cowl Phaeton
Credit - Ryan Merrill / Courtesy of Broad Arrow Auctions

1954 Mercedes-Benz 300 SL Gullwing Coupe
Credit - Ryan Merrill / Courtesy of Broad Arrow Auctions

November was only the third month this year in which Tesla reported sales growth in this major EV market.

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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.93% per year. These returns cover a period from January 1, 1988 through October 6, 2025. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.

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Key Takeaways Altria grew adjusted EPS 3.6% to $1.45 even as revenues slipped 1.7% to $5.25 billion.Pricing and margin expansion in smokeable and oral tobacco units offset lower shipment volumes.MO repurchased 1.9 million shares in the quarter and retired 12.3 million shares over nine months.
Altria Group, Inc.’s ((MO - Free Report) ) ability to deliver 3.6% growth in adjusted earnings per share (EPS) to $1.45 in the third quarter of 2025 contrasts with a 1.7% year-over-year decline in revenues net of excise taxes to $5.25 billion. This divergence highlights how earnings held up despite ongoing revenue pressure. The improvement was driven primarily by higher adjusted operating companies income and a reduced share count.

On the operating side, profitability gains were largely margin-driven. In the smokeable segment, adjusted operating companies income rose 0.7%, supported by pricing gains and lower per-unit settlement charges, even as domestic cigarette shipment volumes declined more than 8%. Adjusted operating margins in smokeables expanded 130 basis points to 64.4%, helping offset the drag from lower volumes. The oral tobacco segment reflected a similar pattern, with adjusted margins improving 240 basis points to 69.2% despite a 4.3% decline in segment revenues.

The second major contributor to EPS growth was share repurchases. During the quarter, the company bought back 1.9 million shares, and through the first nine months had retired 12.3 million shares. Management cited fewer shares outstanding as a key factor behind the higher per-share earnings.

Taken together, pricing actions, margin expansion and share reduction supported EPS growth even as revenues declined, illustrating how earnings performance this quarter was largely shaped by profitability and capital return dynamics rather than top-line expansion.

Peers vs. MO: A Look at EPS Growth Backed by Revenue MomentumPhilip Morris International Inc. ((PM - Free Report) ) delivered 17.3% year-over-year growth in adjusted EPS in the third quarter of 2025, supported by a 9.4% increase in net revenues. Philip Morris benefited from strong pricing and rising volumes in smoke-free products, allowing it to expand both earnings and the top line simultaneously. Margin expansion also contributed meaningfully to Philip Morris’ earnings growth profile.

Turning Point Brands, Inc. ((TPB - Free Report) ) recorded 31.2% growth in consolidated net sales to $119 million and an 18.3% surge in net income to $19.6 million. Turning Point Brands adjusted EPS of $1.05, up from 91 cents a year earlier. Turning Point Brands achieved this growth through strong momentum in modern oral products and operating leverage, reflecting continued earnings expansion.

Altria’s Price Performance, Valuation & EstimatesShares of Altria have gained 4.4% in the past month compared with the industry’s growth of 8.6%.

Image Source: Zacks Investment Research

From a valuation standpoint, MO trades at a forward price-to-earnings ratio of 10.65X, down from the industry’s average of 14.52X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for MO’s 2025 earnings per share has inched up 1 cent in the past 30 days to $5.44, while the same for 2026 has slipped 1 cent to $5.56.

Image Source: Zacks Investment Research

Altria currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Investors in Arcutis Biotherapeutics, Inc. (ARQT - Free Report) need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 16, 2026 $5 Put had some of the highest implied volatility of all equity options today.

What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.

What do the Analysts Think?Clearly, options traders are pricing in a big move for Arcutis Biotherapeutics shares, but what is the fundamental picture for the company? Currently, Arcutis Biotherapeutics is a Zacks Rank #2 (Buy) in the Medical - Biomedical and Genetics industry that ranks in the Top 34% of our Zacks Industry Rank. Over the last 60 days, the Zacks Consensus Estimate for the current quarter has moved from a loss of 5 cents per share to earnings of 2 cents.

Given the way analysts feel about Arcutis Biotherapeutics right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.

Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.

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TL;DR

Nortia, with €12.1B AuM, debuts its first crypto offering with the DDA Bitcoin ETP.
The DDA Physical Bitcoin ETP (XBTI) is 100% physically backed by BTC and trades on Euronext Paris and Xetra.
The move facilitates regulated access to Bitcoin for 3,000 independent wealth advisors in France.

It was announced this Tuesday that Nortia will launch its first crypto offering with a Physical Bitcoin ETP for French advisors. In this way, advisors using the platform will gain simplified access to digital asset markets. Deutsche Digital Assets (DDA), a German digital asset manager, listed its flagship product, the Physical Bitcoin ETP for French Financial Advisors (XBTI), on the Nortia marketplace dedicated to independent wealth advisors.

The announcement, made Tuesday from Frankfurt, marks a strategic expansion in access to cryptocurrency investment in France. Nortia works with around 3,000 partners, overseeing approximately €12.1 billion in Assets under Management (AuM).

Through this new listing, advisors can now provide Bitcoin exposure to their clients via a regulated security that already trades on Euronext Paris, Euronext Amsterdam, Deutsche Boerse Xetra, and SIX Swiss Exchange.

Romain Bensoussan, Head of Sales at Deutsche Digital Assets, emphasized that this partnership represents another step toward broader digital asset adoption in France.

Institutional Characteristics of XBTI
The DDA Physical Bitcoin ETP (XBTI) features an institutional-grade structure and carries a competitive Total Expense Ratio (TER) of 0.95%. Generally, the ETP uses a physically replicating structure, meaning it is 100% physically backed by Bitcoin. The underlying BTC is held in cold storage by renowned institutional custodians, such as Coinbase Custody International and BitGo Europe.

These custody solutions are designed to comply with professional standards of security and asset segregation, which is essential for the integration of the Physical Bitcoin ETP for French Financial Advisors into traditional portfolios.

As a primary reference, the product follows the Kaiko Bitcoin Benchmark Reference Rate LDN Fixing, offering transparent pricing based on institutional reference data. The ETP, legally structured as a debt security, allows wealth managers to easily integrate digital assets into their clients’ portfolios.

However, DDA urges investors to carefully assess the risk level, reminding them that cryptocurrency price performance is highly volatile and unpredictable.

Ultimately, the listing of this Physical Bitcoin ETP is a pragmatic adjustment that combines a physically backed structure, institutional custody, and listings on established exchanges for the integration of digital assets.

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Kalshi has switched on tokenized versions of its event contracts on Solana, making its first explicit play to court the same crypto-native traders who have funneled billions of dollars into rival prediction platform Polymarket.

Instead of holding positions solely as traditional off-chain contracts on Kalshi’s regulated venue, users can now buy and sell tokenized representations of those wagers on Solana. The economic exposure is identical, but the wrapper is crypto-native: the bet becomes a transferable token on a public blockchain.

Solana Lands Kalshi’s First Fully Tokenized Event Markets
“The tokenized versions of the contracts work the same way as the regular ones found previously on Kalshi’s platform,” the company told CNBC. The key difference is market structure. By trading the tokens rather than the contracts themselves, users can operate with greater pseudonymity and more flexibility in how they custody and move positions, putting Kalshi “on par with Polymarket, which allows users to trade directly on-chain.”

Support for these tokenized wagers is already live on Solana. Decentralized finance protocols DFlow and Jupiter are onboarding as institutional conduits, effectively bridging Kalshi’s off-chain orderbook into Solana’s liquidity. That link is designed to let crypto-native traders discover, route and size positions through the DeFi stack while Kalshi continues to run its core matching and settlement infrastructure in a regulated environment.

The timing coincides with a sharp upswing in prediction market activity. Combined trading volume in prediction markets reached almost $28 billion through October 2025, with a weekly record of $2.3 billion in the week of October 20, according to data cited from Crypto.com’s research arm. Kalshi’s thesis is that the next leg of growth will be driven by the digital asset market, which it pegs at roughly $3 trillion and heavily populated by traders already comfortable with on-chain risk.

“There’s a lot of power users in crypto,” said John Wang, Kalshi’s head of crypto. “This is about tapping into the billions of dollars of liquidity that crypto has, and then also enabling developers to build third party front ends that utilize Kalshi’s liquidity.”

Founded in 2018, Kalshi was the first exchange to roll out federally regulated event contracts on US congressional races for American traders in late 2024, following a years-long legal battle with the Commodity Futures Trading Commission. Since then, it has expanded to roughly 3,500 markets, raised more than $300 million at a $5 billion valuation, and grown its footprint to over 140 countries, according to the company.

That regulatory and capital advantage is being tested as Polymarket moves to relaunch in the US and other competitors scale. Kalshi’s leadership is effectively betting that deeper liquidity is the decisive differentiator — and that crypto traders are the marginal source of that liquidity.

Digital asset holders tend to trade prediction markets at higher volumes than non-crypto users, Wang said, arguing that their funds can meaningfully thicken orderbooks and sharpen pricing across Kalshi’s markets. “If you have a market with no liquidity, then you don’t really have a market,” he said. “People can’t really trade size or get the prices that they want.”

At press time, Solana (SOL) traded at $126.86.

Solana hovers below the 0.5 Fib , 1-week chart | Source: SOLUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

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Jake Simmons has been a Bitcoin enthusiast since 2016. Ever since he heard about Bitcoin, he has been studying the topic every day and trying to share his knowledge with others. His goal is to contribute to Bitcoin's financial revolution, which will replace the fiat money system. Besides BTC and crypto, Jake studied Business Informatics at a university. After graduation in 2017, he has been working in the blockchain and crypto sector. You can follow Jake on Twitter at @realJakeSimmons.

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Grayscale has launched the first U.S. Chainlink exchange-traded product, marking a major milestone for the oracle-focused blockchain project. The new product trades under the ticker GLNK and is now live on NYSE Arca.

Zero-Fee GLNK Gives Regulated Access to Chainlink’s Infrastructure
The firm announced the launch as part of its plan to expand regulated exposure to key digital assets in the growing tokenization market. The Chainlink ETF provides investors with a familiar ETF-structure but runs as an Exchange-Traded Product as opposed to a 40-Act ETF.

Its launch comes after a previous clearance for Grayscale to proceed with the launch of this Chainlink ETF. There will be no management fees for this product upon launch.

According to Grayscale, GLNK will hold LINK directly and provide investors with a regulated access to benefit from the emerging blockchain data infrastructure market. However, the company cautioned that GLNK is a high-risk product. Hence, not all investors should invest in it as it is not a conventional ETF. Chainlink is the most popular decentralized oracle network on the public blockchains.

The protocol links physical data to smart contracts, which allows smart communication between chains. It also connects legacy systems to blockchains, providing an entry point for institutions to enter tokenized markets.

These characteristics were emphasized by Grayscale as key strengths of the Chainlink ecosystem. The firm said they were part of the reasons behind launching an ETF linked to its native token.

Global financial titan Vanguard, managing more than $11 trillion and serving more than 50 million investors, has quietly opened access to crypto ETFs, including a long list of XRP focused funds.

Vanguard’s website has now updated its Non Vanguard Funds section under the Digital Assets category, and for the first time ever, multiple crypto ETFs are listed and available for brokerage clients to purchase.

The rollout begins today, marking the first time Vanguard clients, both retail and institutional, will be able to invest in regulated Bitcoin, Ethereum, XRP, and Solana ETFs through the platform.

The Full List of XRP ETFs Visible on VanguardBased on Vanguard’s live listings, here are the XRP ETFs currently appearing in the Digital Assets section:

Active & Index-Based XRP ETFsXRP ETF (XRPI) – Active
Bitwise XRP ETF (XRP) – Active
Canary XRP ETF (XRPC) – Active
Franklin XRP ETF (XRPZ) – Index
Teucrium 2x Long Daily XRP ETF (XXRP) – Active
COINSHARES XRP ETF (XRPL) – Index
2x XRP ETF (XRPT) – Active
ProShares Ultra XRP ETF (UXRP) – Index
REX-Osprey XRP ETF (XRPR) – Active
Amplify XRP 3% Monthly Premium Income ETF (XRPM) – Active
The appearance of leveraged, income-focused, and institutional-grade XRP funds shows that this is not a partial rollout — Vanguard is offering broad access across the entire XRP ETF category.

Why This Matters for the Crypto MarketThis is more than just another platform update. It is a major moment for the crypto industry. Vanguard has always been one of the most conservative financial institutions, trusted by long-term investors, pension funds, and retirement planners. For a firm like this to start allowing Bitcoin, Ethereum, XRP, and Solana ETFs shows how much the industry has changed.

It means crypto is becoming more accepted in the mainstream. It also shows that demand from big investors is now too large for companies like Vanguard to ignore. 

This shift is especially important because Vanguard once said it had no plans to offer Bitcoin or any crypto access. That has now changed. Vanguard is listing a growing number of spot crypto ETFs, including a full range of XRP funds.

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

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Ethereum’s Fusaka upgrade activates Dec. 3, deploying a suite of changes designed to increase rollup throughput, tighten gas markets, and add native support for passkey-style signatures.

The fork introduces PeerDAS data-availability sampling, doubles the default block gas limit, and prepares the network for blob-only parameter expansions scheduled for later this month and January.

Fusaka is named after the star Fulu (‘auxiliary road’) and the city of Osaka (‘slope or hill’), continuing Ethereum’s convention of pairing a star and a city.

Editor’s Note: Sloping side road’ is a playful nod to the Fulu + Osaka mash-up, not an official translation.

Data availability gets a scaling layerThe central technical shift is PeerDAS, formalized in EIP-7694. The protocol allows nodes to verify that blob data exists by sampling small pieces rather than downloading entire blobs.

That removes a scaling bottleneck introduced by EIP-4844 and creates a path to push blob throughput up by roughly an order of magnitude over time.

Higher blob capacity translates directly into cheaper layer-two transaction fees, as rollups compress user transactions into blobs and post them to Ethereum’s base layer.

Fusaka also raises the default gas limit per block to 60 million gas, up from the 30 million configuration set after the Merge.

The increase doubles the L1 block gas budget, providing more room for both standard transactions and blob processing.

Two follow-on “Blob Parameter Only” forks, BPO1 on Dec. 9 and BPO2 on Jan. 7, will adjust blob parameters without additional code changes, further expanding capacity.

Blob fee market rewiredEIP-7918 ties the minimum blob base fee to execution gas, preventing blob prices from collapsing to near zero while L1 gas remains expensive.

The change keeps the data-availability market economically rational as usage fluctuates. Previously, blob fees could diverge sharply from execution costs, creating arbitrage opportunities and distorting rollup economics.

A set of related Ethereum Improvement Proposals (EIPs) hardens several heavy opcodes and transaction limits. The EIPs are 7823, 7825, 7883, and 7934.

The proposals cap ModExp precompile input sizes, raise its gas cost, introduce a transaction gas limit ceiling, and enforce an RLP block size limit. These constraints reduce denial-of-service attack surface and make worst-case client workloads more predictable.

Developer tools and cryptographic hooksEIP-7939 introduces a count-leading-zeros opcode that makes bit-manipulation, integer logarithms, and randomness logic cheaper and simpler on-chain.

The addition benefits DeFi protocols and cryptographic contracts that rely on efficient bitwise operations.

Deterministic proposer lookahead, specified in EIP-7917, gives validators a fixed schedule of who will propose blocks.

MEV relays and staking operators can use the more precise timeline to coordinate more safely and efficiently, reducing uncertainty in block-production workflows.

EIP-7951 adds a native precompile for the secp256r1 curve, the same cryptographic standard used by Apple Secure Enclave, Android Keystore, and WebAuthn.

Wallets and smart account schemes can now verify passkey-style signatures directly on Ethereum, enabling FaceID and TouchID authentication flows without custom bridges or circuits.

The precompile removes a major friction point for consumer-facing applications that rely on biometric hardware.

Immediate and phased rolloutFusaka activates at block height on Dec. 3, with the first blob-parameter adjustment following six days later. BPO2 lands Jan. 7, completing the initial capacity expansion.

The phased rollout allows node operators and rollup teams to monitor blob usage and client performance before the next parameter increase.

The upgrade does not introduce consensus-layer changes to staking or validator incentives. All modifications target execution-layer throughput, gas mechanics, and developer primitives.

Validators running updated clients will process the new opcodes and blob logic without changes to their staking setup.

Fusaka represents Ethereum’s most throughput-focused upgrade since EIP-4844 introduced blobs in March 2024. The fork doubles block gas capacity, scales data-availability sampling, and adds cryptographic hooks for mainstream authentication hardware.

The combination positions Ethereum to absorb higher rollup activity without proportional fee increases, while giving developers new primitives for on-chain computation and user onboarding.

The SOL price continues to face heavy pressure as Solana-linked treasury companies stock prices are sliding badly, which is raising concerns about weakened buying demand. While this trend has been one of the factors that has weighed on sentiment, but despite that its on-chain data, institutional flows, and historical technical indicators still reflect underlying resilience. With mixed signals emerging, December 2025 could become a decisive month for Solana crypto.

Solana Treasury Stress Adds Pressure to SOL PriceAn analyst highlighted that treasury entities such as Forward Technologies Inc., Sol Strategies Inc., Sharp Technology Inc., and DeFI Development Corp. are taking fresh declines. This weakness, according to commentary from analyst Ted Pillows, hints that it is one of the factors contributing to the muted SOL price in last couple of weeks, as it suggests fading buyer interest.

SOL treasuries making new lows just means VCs are underwater, not the chain.

— Fere AI♠️ (@fere_ai) December 2, 2025 However, a strong counterargument has surfaced, noting that these treasury declines primarily indicate that venture capitalists are underwater and not the Solana chain itself. This distinction is important, as it separates financial stress at corporate holders from the operational performance of the blockchain.

On-Chain Metrics Show Solana Remains StrongDespite SOL price retreating, Solana crypto’s fundamentals aren’t at a level to laugh at, in fact, they still remain firm. According to DefiLlama’s weekly Solana chart data, Solana holds $8.56 billion in TVL, down from its $13.22 billion ATH only, but still strong relative to market conditions. 

Meanwhile, the Solana stablecoin market cap stands at $14.96 billion, only slightly below the $15.08 billion ATH, which clearly highlights that continued stablecoin confidence is somewhat equivalent to growing liquidity on the chain.

However, one thing cannot be denied that their active addresses have fallen from yearly peaks of 33.63 million to 15.17 million, yet this still shows significant engagement despite broader market volatility. 

Beyond active addresses, more encouraging are the weekly transaction counts that show that last week of November remains robust at 415.57 million transactions, signaling that usage remains consistent even during corrective phases.

Institutional Interest Through SOL ETF Remains PositiveBeyond on-chain data, the institutional footprint is increasing via SOL ETFs. Looking at SOL ETF data from SoSoValue, inflows remained positive from late October to late November, with only minimal outflows. Whereas, cumulative Net Inflows are now at $605.04 million across six active sponsor products. Combined net assets exceed $790 million, with Bitwise holding the largest share.

This growing institutional footprint aligns with broader commentary made by Cryptoquant CEO and founder Justin Sun, who has stated that liquidity is drying up for most altcoins. However, those securing new liquidity channels, especially ETFs, are positioned more favorably for long-term survival.

Technical Indicators Suggest a Potential ReboundFrom a technical perspective, the SOL price USD is now testing a key support trendline that historically triggered strong rebounds since 2023. This price zone has repeatedly acted as a base for renewed momentum.

Additionally, the TD Sequential indicator on the weekly chart is flashing a buy signal, too. Historically, this system has accurately identified Solana trend reversals since March 2023, per analyst ALi Martinez. If strength emerges from this region, a move toward $270, which is a 100% rise, remains possible, while a 120% advancement toward the $295 ATH also fits within the current SOL price forecast structure.

Despite treasury concerns, the larger body of data suggests that Solana’s blockchain activity, institutional commitment, and technical structure continue to underpin a constructive long-term narrative for SOL price.

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

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On December 2, 2025, Tria, an innovative global neobank, unveiled a groundbreaking feature allowing users to top up their payment cards using self-custodied Bitcoin holdings. This pioneering service offers Bitcoin owners a way to fund their cards directly from personal wallets, enabling spending wherever Visa or Mastercard is accepted, without the need for transfers to exchanges or custodial accounts.

The founder and chief executive of decentralized perpetual exchange Aster Leonard confirmed on Tuesday that his platform is in a collaboration with Trump-family-affiliated crypto startup World Liberty Financial (WLFI) to expand adoption of the latter's stablecoin product USD1.

Bank of America is urging its wealth management clients to consider placing a small but deliberate slice of their portfolios into digital assets.

The bank now recommends a 1% to 4% crypto allocation, marking a significant shift in how one of the country’s largest financial institutions approaches Bitcoin exposure.

The guidance applies across Merrill, Bank of America Private Bank, and Merrill Edge, according to a Yahoo Finance report. 

It also unlocks crypto recommendations for more than 15,000 advisers who were previously restricted from initiating conversations about digital assets unless a client asked for it directly.

The change takes effect Jan. 5, when the bank’s chief investment office begins formal research coverage of four bitcoin ETFs. Those funds include Bitwise’s BITB, Fidelity’s FBTC, Grayscale’s Bitcoin Mini Trust, and BlackRock’s IBIT.

Chris Hyzy, chief investment officer for Bank of America Private Bank, said the bank is taking a measured approach. A small allocation may suit investors seeking exposure to thematic innovation, he said, but only through regulated products. He also emphasized the need for clear expectations about volatility.

JUST IN: Bank of America says its wealth management clients should start getting some crypto exposure in their portfolios.

Bullish 🚀 pic.twitter.com/fuSYgcs0Xu

— Bitcoin Magazine (@BitcoinMagazine) December 2, 2025 The bank said the lower end of the 1% to 4% range may better fit conservative clients, while the higher end may appeal to those with stronger risk tolerance.

Bitcoin is getting more and more appealing to wealthy investors The policy change reflects rising interest in Bitcoin from wealthy clients. Nancy Fahmy, head of the bank’s investment solutions group, said demand has grown noticeably over the past year. Many clients previously turned to platforms outside the bank to gain exposure to Bitcoin ETFs.

The shift puts Bank of America in line with peers that have already integrated Bitcoin exposure into their wealth strategies. Morgan Stanley recommended a 2% to 4% allocation for suitable clients in October, describing Bitcoin as “digital gold” and crypto as a speculative but maturing asset class. 

The firm also encouraged ETF-based exposure with disciplined rebalancing.

BlackRock, the world’s largest asset manager, has argued that a 1% to 2% allocation can improve long-term portfolio efficiency. Fidelity has long maintained a broader 2% to 5% range, with higher suggested allocations for younger investors.

Meanwhile, distribution channels continue to open. Bloomberg reported Monday that Vanguard — long resistant to offering any Bitcoin-linked products — will allow select crypto ETFs and mutual funds on its platform starting today. That move follows earlier approvals from Morgan Stanley, Charles Schwab, Fidelity, and JPMorgan Chase.

The institutional shift comes during a volatile period for Bitcoin. The asset has fallen roughly 10% over the past year after retracing from record highs above $126,000 reached in October. Still, major banks maintain bullish long-term views. 

JPMorgan recently set a $170,000 price target, while Standard Chartered reiterated its call for Bitcoin to approach $200,000.

At the time of writing, bitcoin is trading at $89,046. 

Micah Zimmerman

Micah first discovered Bitcoin in 2018 but remained a skeptic on the sidelines for too long. Since 2021, he has covered crypto and business and now works as a news reporter for Bitcoin Magazine, based in North Carolina.

Traditional investors gain new access to Hedera’s native asset as Vanguard expands regulated digital asset options.

Key Takeaways

Canary Capital spot HBAR ETF goes live for trading on Vanguard’s platform
This ETF gives investors exposure to Hedera's native cryptocurrency (HBAR) through traditional brokerage accounts.

Canary Capital’s spot HBAR ETF today became available on Vanguard Group’s platform, marking the first exchange-traded fund to offer exposure to Hedera’s native cryptocurrency through the major investment management company.

The ETF enables investors to gain HBAR exposure through standard brokerage accounts without requiring direct access to crypto exchanges or digital wallets. Hedera operates as a decentralized public network using hashgraph consensus for transactions, with HBAR serving as its native asset for network fees and staking.

Canary Capital specializes in cryptocurrency-focused ETFs that provide digital asset exposure through traditional brokerage accounts. The firm’s HBAR product allows investors to hold the cryptocurrency exposure in qualified investment accounts.

Disclaimer

The proposal aims to optimise revenue generation and reduce operational overhead across its V3 deployments.
By adjusting reserve factors on underperforming chains and winding down low-revenue instances, Aave is signalling a more disciplined approach. It is also setting a revenue threshold for future deployments.

Reserve Factor Adjustments and Instance Offboarding
Under the proposed strategy, Aave plans to increase the reserve factor on instances generating less than $3 million in annualised revenue, including Polygon, Gnosis, BNB Chain, Optimism, Scroll, Sonic, and Celo. Reserve factors determine how much interest is set aside from lending activity to protect the protocol and can impact profitability for depositors. Aave hopes this adjustment will boost revenue and make underperforming instances more sustainable.

For chains that show minimal improvement after 12 months, Aave will consider offboarding them entirely. This approach reflects a focus on efficiency and risk management, ensuring that resources are concentrated on high-performing deployments rather than spreading operational attention too thin.

The proposal also targets three Aave V3 instances—zkSync, Metis, and Soneium—which each generate between $3,000 and $50,000 annually. These instances have struggled to achieve product-market fit and require significant engineering effort for asset onboarding. Closing these markets will allow Aave to redirect engineering and governance resources toward more promising opportunities.

More About Aave
Aave is preparing to launch on Mantle, marking a major step in bringing decentralised finance to a wider global audience. With Bybit serving as the liquidity bridge, the world’s most trusted DeFi lending protocol will gain direct access to more than 70 million users while tapping into Mantle’s fast and efficient distribution layer.

.@aave is coming to Mantle.

With @Bybit_Official as our global liquidity bridge, we’re bringing the world’s trusted DeFi lending protocol to 70M+ users, connecting proven liquidity with Mantle’s high-performance distribution layer.

Making DeFi mainstream, making DeFi win. pic.twitter.com/1ATukC9RRu

— Mantle (@Mantle_Official) December 2, 2025

This pairing connects deep, proven liquidity with a network built for high performance, creating a path for borrowing and lending tools that feel both simple and scalable. It also signals a broader shift in the industry, where leading platforms are joining forces to make DeFi easier to use and more available to everyday people. The goal is clear: push decentralised finance into the mainstream and set it up to win long term.

Disclaimer

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

XRP's price-tracking ETFs snatch $756 million inflows, convincing Vanguard to introduce it to 50 million people.

TL;DR

Swiss-regulated AMINA Bank adds custody and trading for Paxos’ USDG stablecoin.
Clients can earn up to 4% annual rewards on their USDG balances at the bank.
The bank holds multiple global licenses from Switzerland, Hong Kong, and Abu Dhabi.

AMINA Bank AG announced the launch of custody, trading, and rewards for Paxos’ USDG stablecoin, expanding its regulated suite of digital asset services. The Swiss institution, supervised by FINMA, also confirmed its entry into the Global Dollar Network, a consortium dedicated to promoting the global use of digital dollars.

AMINA Bank’s introduction of USDG services connects professional and institutional clients to a broader network of regulated entities. The move enhances interoperability and liquidity across digital dollar infrastructures that already include Robinhood, Kraken, OKX, Galaxy, Anchorage, and Bullish.

Myles Harrison, Chief Product Officer at AMINA Bank, stated that the initiative reinforces the institution’s role in providing compliant access to digital dollars. He added that clients can now earn up to 4% annual rewards on USDG balances, underlining the bank’s focus on regulated yield products within a secure banking framework.

The decision aligns with the bank’s strategy to meet rising demand for stablecoin integration within traditional financial structures. AMINA already offers custody and trading for USDT, USDC, EURC, and RLUSD, granting investors diversified exposure to both U.S. dollar and euro-backed digital assets. USDG’s reserves—composed primarily of U.S. government bonds held one-to-one—reflect AMINA’s stringent institutional risk standards.

Paxos Partnership and Global Network Growth
Nick Robnett, Head of Crypto Business Development at Paxos, welcomed AMINA’s participation, noting that the Global Dollar Network continues to expand its reach across Europe, the Middle East, and Asia. Robnett emphasized that the collaboration reinforces institutional trust in regulated stablecoin services and enhances the availability of compliant infrastructure for global financial institutions.

Paxos Digital Singapore, the issuer of USDG, operates under the supervision of the Monetary Authority of Singapore as a Major Payments Institution. The entity’s oversight structure and operational transparency support the regulatory integrity of USDG, aligning with AMINA’s approach to institutional-grade compliance.

Global Regulatory Footprint
Founded in 2018 and based in Zug, AMINA Bank has built a strong record of regulatory expansion. In 2019, it secured a Swiss Banking and Securities Dealer License, cementing its position as a leading crypto bank.

The firm extended its reach to the Middle East in 2022, obtaining Financial Services Permission from the Abu Dhabi Global Markets FSRA. This license enables advisory and custody services for professional clients.

In Hong Kong, AMINA received Type 1, 4, and 9 licenses from the Securities and Futures Commission in 2023, later upgraded in October 2025 to include digital asset dealing for professional investors. That same month, AMINA EU acquired a CASP license from Austria’s Financial Market Authority, authorizing crypto custody, exchange, and portfolio management services under the Markets in Crypto-Assets (MiCA) framework.

These regulatory milestones position AMINA to expand regulated digital asset operations across multiple jurisdictions.

Recognition and Institutional Outlook
AMINA’s consistent regulatory compliance and stablecoin product development have earned it recognition in global rankings. Both the CVVC Global Report and CB Insights listed AMINA among the Top 50 blockchain companies worldwide. In 2023, it won the European WealthBriefing Award in the Digital Assets Solution – Fund Manager category.

Most recently, AMINA was named Institutional Digital Asset Innovation of the Year at the Hedgeweek Global Digital Assets Awards 2025, underscoring its leadership in regulated stablecoin integration.

Key NotesCantor Fitzgerald has a $1.28M position in the SOLZ ETF.TD Sequential on Solana’s weekly chart has printed a fresh buy signal for SOL.SOL is testing a long-term trendline that previously triggered rallies of 229%, 179%, and 1,634%.
Cantor Fitzgerald’s latest Form 13F filing with the US Securities and Exchange Commission (SEC) has revealed that it now holds a position valued at $1.28 million in the Volatility Shares Solana ETF (SOLZ).

The filing shows 58,000 shares accumulated in mid‑November and marks the first officially documented exposure the firm has taken toward a regulated Solana‑linked investment product.

Cantor Fitzgerald @cantorfitzgerld 13-F filed after market close shows they hold 58,000 shares of @volatility Shares @solana ETF. pic.twitter.com/gTy5xROXkm

— MartyParty (@martypartymusic) December 1, 2025

The purchase follows the SEC clearing a series of Solana exchange‑traded funds (ETFs) in September. Major issuers such as Fidelity, VanEck, and Canary have begun experimenting with staking components, index variations, and advanced custody models to determine how deep investor appetite might extend beyond Bitcoin and Ethereum.

A New Bullish Signal Flashes
Meanwhile, analyst Ali Martinez pointed out in a post on X that the TD Sequential indicator on the weekly chart has accurately forecasted trend reversals since early 2023. His latest chart shows the indicator printing a fresh buy signal, which could make SOL the next crypto to explode in 2025.

Since March 2023, the TD Sequential has been highly accurate at catching Solana $SOL trend shifts on the weekly chart.

It’s now flashing a buy signal! pic.twitter.com/epcOaTM558

— Ali (@ali_charts) December 2, 2025

The chart also shows how previous 9‑count signals preceded sharp price surges. Each appearance near cycle highs and lows has been followed by multi‑month rallies or corrections.

Solana Price Analysis: Testing a Critical Trendline
Martinez further noted that Solana is once again hovering above a long‑standing support trendline that has triggered powerful rebounds since 2023. The weekly chart confirms this structure clearly.

Solana $SOL is once again testing a key support trendline that has sparked strong rebounds since 2023. pic.twitter.com/4RKvu2Cmrq

— Ali (@ali_charts) December 1, 2025

Each time price dipped into this diagonal support, strong surges followed. First a 229% rally, then a 179% climb, and later the explosive 1,634% price surge, as shown by the chart below.

With SOL now trading near $128, the price action sits precisely on this trendline. Technical indicators show that the market is cooling off rather than collapsing. RSI floats near the mid‑30s while MACD displays weakening bearish momentum.

The accumulation/distribution readings remain relatively stable, showing no aggressive outflows despite recent market corrections.

SOL defending major trendline | Source: TradingView

If bulls defend the trendline once again, Solana could attempt a rebound toward the immediate resistance region around $150. A successful break above this level would position SOL to retest the $175–$185 supply zone, where prices were previously rejected.

If ETF inflows continue and institutional adoption rises, a retest of $220–$240 region could be seen. On the other hand, failure to maintain the long‑term trendline support would introduce a bearish drop to $115, followed by deeper support near $100.

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.

Solana (SOL) News, Cryptocurrency News, News

A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.

Parth Dubey on LinkedIn