Market Signal Briefing

Aster price is building a clean bullish reversal as the Stage 4 buyback begins ahead of schedule and traders return with stronger volume.

Summary

Aster trades near $0.98 after a bounce from the $0.92 area.
The team launched its Stage 4 buyback eight days early to support price amid market volatility.
Technical indicators show improving momentum with RSI, Stochastic, and CCI turning upward.

Aster traded at $0.984 at press time, down 1.8% on the day, with a weekly range between $0.9007 and $1.18. The token sits about 15% lower over the past week and roughly 59% below its $2.41 all-time high from Sept. 24. 

Trading volume rose sharply to $556M, an increase of 62%. CoinGlass data shows Aster (ASTER) derivatives volume up 31% to $1.27 billion while open interest rose 3.6%. This mix shows that more traders are adding exposure during a volatile stretch.

Aster Stage 4 buyback begins
On a Dec. 2 post on X, Aster announced that it had activated its Stage 4 buyback eight days earlier than planned. The team said the early rollout will “support holders during unstable market conditions,” and the program immediately went live on-chain.

[Important Update] Stage 4 Buyback Now Live

As committed, Stage 4 buybacks began on December 2, 01:10 UTC.

Executing wallet address:
0x573ca9FF6b7f164dfF513077850d5CD796006fF4

You can track buyback activity in real-time on-chain. All operations remain transparent and… https://t.co/BUrbDfDFK3

— Aster (@Aster_DEX) December 2, 2025

The structure mirrors earlier stages. Protocol fees continue to drive the buybacks, and depending on volume, the burn allocation can reach half of all purchased tokens. Aster has already bought back 155.72 million ASTER across previous stages, including 55.72 million from Stage 3 alone, with 77.8 million scheduled for burning on Dec. 5. 

Community members described the early start as a show of commitment, with one holder saying the move “proves the team is pushing real value, not empty promises.”

During peak volume periods the buyback engine has previously drawn more than $2 million per day, which helps reduce circulating supply while supporting liquidity incentives and future airdrop plans.

Aster price technical analysis
Aster’s chart shows a clear shift after a difficult end to November. A sharp drop pushed the token toward the $0.92–0.94 area, where buyers stepped in with heavier volume. Price then broke out of a short-term descending structure on Dec. 1 and has held a gentle upward path since.

Aster hourly chart. Credit: crypto.news
Early signs of recovery are shown by momentum indicators. The relative strength index has formed a clean bullish divergence. When the price formed a lower low, the RSI set a higher low, a pattern that often marks a bullish trend change.

Stochastic RSI and the commodity channel index also turned upward from oversold territory, showing stronger short-term momentum. Although the gap between its lines is narrowing, the MACD is still negative, and the ADX is close to 20, indicating that the trend is still developing rather than fully formed.

The majority of short-term moving averages, such as the 10MA and 20MA, are still higher than the current price despite these gains. That leaves $1.00 as the key test for bulls.

A strong daily close above this area would mark the first clean reclaim of local resistance and open room toward the $1.06–1.14 zone, where previous breakdown levels sit. A move through that range would complete the rebound pattern that began on Dec. 1.

Downside pressure may return if the price slips under $0.95, which could pull it back to $0.92 and possibly the $0.88–0.90 zone if market sentiment weakens. 

Avalanche (AVAX) is coiling for a massive move. A potent Wolfe Wave pattern is forming alongside a test of a key weekly trendline. This structural confluence signals that the market is reaching a point of maximum compression, indicating that a significant directional breakout is imminent.

Wolfe Wave Formation Signals Strong Future Move
According to a recent technical analysis by BeLaunch, AVAX is shaping a notable Wolfe Wave pattern, a formation known for sparking strong directional moves once completed. This developing structure reflects tightening price action and growing pressure within the market, hinting that a significant breakout could be on the horizon.

At the same time, Avalanche is pressing against a descending weekly trendline that has consistently acted as a major resistance level. A breakout above it would reinforce the bullish implications of the Wolfe Wave, while a rejection could force the asset back into a prolonged consolidation.

AVAX setup points to a possible upward move | Source: Chart from BeLaunch on X
For those eyeing long-term accumulation, BeLaunch points to the $11–$8 range as the most compelling buy zone. This region could provide strong support and aligns with key structural levels, making it an attractive opportunity for investors preparing for the next potential upside cycle.

Historical Precedent: The September 2023 Rally Setup
BeLaunch went on to highlight that the current Avalanche setup closely mirrors the conditions seen in September 2023, just before a major rally unfolded. The resemblance between the two periods offers a valuable historical reference, suggesting that the market may once again be preparing for a significant move.

The analysis emphasizes that the same pattern is taking shape once again, increasing the probability of an upward move if price action aligns with previous behavior. Repeated technical scenarios often carry weight because markets tend to respond consistently under familiar conditions. If AVAX continues to respect this structure, it could set the foundation for a potential bullish breakout.

BeLaunch also noted the importance of continued monitoring as the pattern progresses. Tracking price action, market sentiment, and overall momentum will be crucial in determining whether the bullish outlook gains confirmation. Any future decisions or expectations will rely on clear signals from the pattern as well as shifts in broader market dynamics.

Avalanche is currently trading around $13.06, reflecting a mild intraday pullback as the market adjusts to recent volatility. With a market capitalization of approximately $6.3 billion, AVAX remains one of the notable assets in the broader crypto landscape. Trading activity has been strong, with its 24-hour volume sitting between $428 million and $445 million, signaling ongoing interest from both short-term traders and long-term participants.

AVAX trading at $12 on the 1D chart | Source: AVAXUSDT on Tradingview.com
Featured image from Shutterstock, chart from Tradingview.com

Bitcoin mining and hardware maker Canaan has entered into a partnership to co-develop a renewable-energy adaptive Bitcoin mining platform, expanding its focus on green energy as the industry seeks sustainable ways to meet its power demands. 

In conjunction with green-power developer SynVista Energy, Canaan plans to create a mining rig that uses an artificial intelligence-powered scheduling engine to synchronize energy supply with dynamic hash-rate demand, the miner announced on Monday. 

The goal is to maximize the utilization of clean energy without compromising grid stability, according to Canaan.

Canaan said the scheme will advance “green mining from isolated pilots to an engineered, replicable solution,” that will offer the industry an “economically viable and regulation-ready blueprint.”

We’re excited to announce our new partnership with SynVista Energy, launching a renewable-adaptive Bitcoin-mining ecosystem that integrates clean power, storage, and hash-rate in one intelligent platform. ⚡️

AI-driven load balancing.
Distributed behind-the-meter mining.
On-chain… pic.twitter.com/RnCIbQ8R7v

— Canaan Inc. (@canaanio) December 2, 2025“High renewable penetration is accompanied by growing output volatility and mounting curtailment risk. Traditional strategies struggle to convert surplus electrons into bankable returns,” the company added. 

Bitcoin (BTC) mining has long been criticized for its energy consumption, with some estimates claiming it’s roughly equivalent to the yearly power use of a mid-sized country, such as Poland or Thailand.

However, Bitcoin proponents argue that Bitcoin mining can support grid stability while counteracting the strain from AI data centers.

Canaan and SynVista are also tokenizing RWAAt the same time, both companies will tokenize generation output, carbon savings and mining yields onchain, to create a “verifiable data foundation for the digitalization and real-world-asset (RWA) securitization of green-power plants.”

“Longer term, the onchain data backbone will enable tokenization and securitization of generation cash-flows and carbon credits, enhancing price transparency and liquidity of green assets and providing a new paradigm for converging digital economy with energy transition,” Canaan said. 

Data from the Cambridge Bitcoin Electricity Consumption Index estimates that Bitcoin’s share of global electricity is roughly 0.8%. 

Source: Cambridge Bitcoin Electricity Consumption IndexHowever, in parallel, the share of renewable energy used in Bitcoin mining has steadily increased, growing at an average annual rate of 5.8%, according to an April report by the industry organization MiCA Crypto Alliance. 

Canaan leans into renewables for Bitcoin mining This isn’t Canaan’s first foray into using renewables to power Bitcoin mining. In October, the company launched a gas-to-computing pilot in Canada, which converts stranded natural gas into energy for Bitcoin mining, according to its October mining update. 

Meanwhile, in September, the miner inked a deal with Soluna Holdings, a company that operates data centers powered by renewable energy, to deploy miners at a wind-powered data center in Texas.

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

A large concentration of short positions will be forced to close if BTC pushes into the mid-$90Ks.

Key Takeaways

Bitcoin’s potential move to $96,900 has a $9.6 billion short-liq bomb waiting overhead.
Short liquidations occur when leveraged bets against Bitcoin are force-closed as margin requirements can't be met.

Bitcoin’s potential rally to $96,900 would put roughly $9.6 billion in short positions at risk of liquidation, according to current liquidation map data.

Bitcoin traded at $86,583 at press time, up slightly after slipping below $84,000 earlier in the day.

Bitcoin operates as a decentralized digital currency on a blockchain network, enabling direct peer-to-peer transactions without traditional financial intermediaries. The asset has experienced heightened volatility in recent months due to increased leveraged trading in derivatives markets.

Sharp price movements in Bitcoin frequently trigger automated sell-offs of short positions across major exchanges. When traders bet against Bitcoin’s price using borrowed funds, sudden upward price swings can force them to close their positions at a loss to meet margin requirements.

Concentrated short positions create vulnerability to rapid price increases, potentially setting off a cascade of liquidations. As short sellers rush to buy Bitcoin to cover their positions, the additional buying pressure can drive prices even higher, triggering more liquidations in what’s known as a short squeeze.

The $9.6 billion in short positions at risk represents leveraged bets that Bitcoin’s price will decline. If the cryptocurrency sustains levels around $96,900, these positions would face automatic liquidation as exchanges protect themselves from trader defaults.

Disclaimer

A fast climb to more than $336 million in assets since launch propelled Canary's XRP fund to the top of the U.S. market, signaling intensifying institutional interest in regulated access to blockchain-based exposure. XRPC Ignites a New Era for XRP Exposure Canary Capital Group LLC announced on Nov.

Alt5 Sigma is facing fresh scrutiny after conflicting timelines in its SEC filings raised questions about how and when the company disclosed the resignation of its independent accountant.

Summary

Conflicting timelines in Alt5 Sigma’s SEC filings raise concerns over its auditor resignation and quarterly report delays.
Separate date mismatches involving management changes add to scrutiny over the company’s disclosure practices.
The firm’s ties to Trump-linked World Liberty Financial continue to shape its governance, balance sheet, and market reaction.

In a Black Friday submission, Alt5 Sigma told the SEC it learned on Nov. 21 that its independent accountant, William Hudgens, had resigned “effective immediately.” 

But as Forbes reported on Dec. 1, Hudgens said he informed the company before June 30 that he would step away from auditing public companies and would complete no work beyond the second quarter, which was filed on Aug. 12.

Alt5 Sigma has still not filed its third-quarter report. In an earlier SEC notice dated Nov. 12, the company blamed its delay, in part, on the “timeliness and responsiveness” of its accountant. When Forbes later asked who was handling the company’s financial review at that time, a spokesperson declined to comment.

Public companies must alert the SEC within four business days when an auditor resigns. Securities law experts who spoke with Forbes said the mismatch in dates, paired with the late quarterly filing, could raise regulatory questions.

Earlier executive changes also show disclosure gaps
The uncertainty around the accountant’s departure follows another filing with unclear dates. Alt5 Sigma reported that its board suspended its chief executive officer, Peter Tassiopoulos, on Oct. 16. 

However, an internal email sent to staff on Sept. 4, six weeks earlier, said he was already on temporary leave while a special committee reviewed unspecified matters. The same message said chief revenue officer Vay Tham had also been placed on leave.

Legal experts noted that filings containing material inaccuracies can violate anti-fraud provisions, though proving intent is difficult. The latest management changes were disclosed just before Thanksgiving.

Alt5 Sigma told the SEC it had terminated acting CEO and CFO Jonathan Hugh without cause, ended the consulting agreement of chief operations officer Ron Pitters, accepted the resignation of director David Danziger, and dissolved the special committee after receiving its findings.

Donald Trump crypto link adds weight 
Alt5 Sigma’s connection to Trump-linked World Liberty Financial has played a huge role in its recent activity and public visibility. In August, the company agreed to raise $1.5 billion to build a treasury of WLFI tokens.

Half of the deal was paid in WLFI, valued at $0.20 per token, while the other half was raised through a stock offering. The arrangement gave World Liberty Financial influence inside Alt5 Sigma’s boardroom.

Zach Witkoff became chair, while Eric Trump and Zak Folkman were assigned director and observer roles, with adjustments later made after consultation with Nasdaq. A Trump-affiliated entity holds about 22.5 billion WLFI tokens and is entitled to roughly three-quarters of the proceeds from token sales.

According to CoinGecko, Alt5 Sigma now holds about $1.1 billion in WLFI tokens on paper, more than five times its own market capitalization. Its shares have dropped about 80% since the deal was announced.

Alt5 Sigma declined to comment on the discrepancies in its filings, the accountant timeline, or its internal reviews. Regulators have also not commented, leaving open the question of whether the company’s recent disclosures will prompt further inquiry.

Data shows the Ethereum Open Interest has shot up by more than 4% following the sharp move down in the cryptocurrency’s price.

Ethereum Has Seen A Pullback Over The Past Day
The cryptocurrency sector as a whole has witnessed a plunge to kick off the new month, with Bitcoin and Ethereum both being down by more than 5% over the last 24 hours. ETH is back in the low $2,800 levels, having essentially retraced the recovery that it had made during the last week of November.

The trend in the ETH price over the last five days | Source: ETHUSDT on TradingView
The sudden price decline has unleashed a wave of liquidations on the derivatives exchanges, leading to $158 million in Ethereum-related contracts being flushed. Of these, $140 million of the liquidations involved long positions alone.

Below is a heatmap from CoinGlass that breaks down the liquidation numbers related to the various digital asset symbols.

The heatmap related to the latest cryptocurrency market liquidations | Source: CoinGlass
Interestingly, while notable liquidations have occurred, derivatives investors still haven’t become discouraged.

ETH Open Interest Has Gone Up Since The Dip
As pointed out by CryptoQuant community analyst Maartunn in an X post, the Ethereum Open Interest has witnessed a sharp jump following the price decline. The “Open Interest” here refers to an indicator that measures the total amount of positions related to ETH that are currently open on all centralized derivatives platforms.

Here is the chart shared by Maartunn that shows the trend in this metric over the past couple of days:

The value of the indicator appears to have risen in recent hours | Source: @JA_Maartun on X
As displayed in the above graph, the Ethereum Open Interest initially collapsed alongside the price drop as long positions suffered forceful closures. As ETH’s bearish momentum tapered off and the price settled into a sideways rhythm, however, the metric saw a gradual reversal in direction, indicating that speculators have started opening up fresh positions.

Since the dip, the ETH Open Interest has gone up by almost $654 million, equivalent to an increase of 4.3%. “Looks like the gamblers are back for another round,” noted the analyst.

Historically, a high value on the metric has generally been something that has led to volatility for the cryptocurrency. This is because an extreme amount of positions implies the presence of a high amount of leverage in the sector. In these conditions, any sharp swing in the asset can induce a large number of liquidations in the market. These liquidations only feed back into the price move that caused them, making it more intense.

An example of this pattern was already seen during the past day. With the Ethereum Open Interest now rising again, it remains to be seen whether more volatility will follow.

Featured image from Dall-E, CryptoQuant.com, CoinGlass.com, TradingView.com

Crypto tailwinds aren't the only catalyst for these promising growth stocks.

Bitcoin (BTC +1.28%) has outperformed the S&P 500 over the past decade, but the next wave of returns may come from cryptocurrency stocks. These corporations have positioned themselves to benefit from rising crypto prices and present long-term upside for investors. They also have much lower market caps than Bitcoin, which means these stocks can double more easily than Bitcoin.

However, some companies have announced blockchain initiatives just to ride the frenzy. For instance, Eastman Kodak (KODK 0.92%) spiked in 2018 after announcing a crypto venture, but it ended up going nowhere.

The two crypto stocks on this list are different. They have been producing real revenue and profits for several years, with crypto acting as one piece of their overall business models. I think these are the top two crypto stocks to consider.

Image source: Getty Images.

This fintech company is achieving rapid growth in crypto and other areas
Growth investors look for stocks that can achieve impressive revenue growth rates while boosting profit margins, and Robinhood (HOOD 4.09%) checks both boxes. Crypto has been a major catalyst for the fintech company, with crypto transaction revenue surging by over 300% year over year in the third quarter.

However, Robinhood is far from a crypto-or-bust stock. Transaction-based revenue increased by 129% year over year, and that segment includes equities and options. Net interest revenue and other revenue were up by 66% and 100% year over year, respectively, while net income soared by 271% year over year.

Those growth rates give Robinhood enough flexibility to outperform even if the crypto market slows down. However, the company's investments in the prediction market may become the next tailwind that accelerates transaction-based revenue.

Robinhood's Chief Financial Officer Jason Warnick told investors in the Q3 earnings release that Q4 is off to a good start. He mentioned "record monthly trading volume across equities, options, prediction markets, and futures, and new highs for margin balances" in October, which increases the likelihood of strong Q4 earnings.

Robinhood is positioning itself as the go-to place for all investment and speculative opportunities. Some people buy and hold their assets on Robinhood, while others view it as a digital Las Vegas.

This crypto miner is signing lucrative deals with big tech
Artificial intelligence (AI) is scorching hot due to its current successes and long-term potential. Nvidia (NVDA +1.50%) became a multitrillion-dollar company because it produced the best AI chips in the stock market. It's easy to forget that Nvidia was a crypto stock before it became an AI stock, so we do have past experience of a crypto stock becoming an AI stock and producing tremendous returns in the process.

Cipher Mining (CIFR 3.24%) looks like the next opportunity. The company's crypto mining infrastructure gives it a unique advantage when creating AI data centers. It already has chips and energy, the big AI bottleneck, to facilitate big deals.

Some of those deals have already happened. A 10-year deal with Fluidstack for $3 billion, backed by Alphabet's (GOOG 1.56%)(GOOGL 1.65%) Google, captured investors' imaginations. The two companies struck an additional deal just a few months later.

Cipher also announced a 15-year deal with Amazon (AMZN +0.14%) worth $5.5 billion when discussing Q3 results. These three deals have used up only a combined 524 megawatts of Cipher Mining's energy. The crypto miner has a pipeline of 3.2 gigawatts (3,200 megawatts), which gives it the flexibility to support several big tech deals.

AI data centers and megawatts are in hot demand due to the intense energy requirements to run AI technology. Right now, AI models like ChatGPT and Grok are gaining momentum and have significant energy requirements. However, autonomous vehicles and robots will also require this type of energy. Any surge of popularity among these products will require more energy and data centers.

Cipher Mining is uniquely positioned for this opportunity, and it's still a small company with a market cap of below $10 billion. This small crypto play has the chance to rally significantly if it can secure more deals in 2026 while expanding its multi-gigawatt pipeline.

Ethereum researchers are working on ways to deploy a protocol they first introduced earlier this year, which could supercharge privacy with zero-knowledge proofs.

Ethereum developer Artem Chystiakov shared his research on the Ethereum community forum on Monday, titled “Zero Knowledge Secret Santa (ZKSS),” which proposes a three-step “Secret Santa” algorithm. The paper was first introduced in January on arXiv. 

Secret Santa is a popular gift-giving game played around Christmastime, in which a group of people exchange gifts anonymously. Each person buys a gift for another person as their “Secret Santa” and also receives a gift from their “Secret Santa.” 

Recipients of the gifts never learn who their Secret Santa is. 

Challenges with playing on Ethereum Chystiakov said there are three main hurdles to playing Secret Santa on Ethereum, which this protocol could solve.

Everything on Ethereum is visible to everyone, so there needs to be a way to hide who’s giving to whom and maintain privacy. 

Blockchains don’t have true randomness, so participants must contribute their own random choices, and the game must be designed to prevent anyone from participating twice or giving a gift to themselves.

Potential use cases for EthereumBlockchain privacy has become a hot topic recently as crypto becomes increasingly integrated into traditional finance. 

Privacy protocols could be applied to scenarios such as anonymous voting and governance, including DAOs or organizations, where users need to prove they’re a member and cast one vote, but keep their choice private. 

It could also apply to whistleblower systems, where users need to prove they’re an authorized employee while submitting information anonymously, or to private airdrops or allocations, where tokens need to be distributed without revealing who received what.

When asked about open-source implementations or deployment, Chystiakov said, “We’re working on it.” 

How Zero Knowledge Secret Santa worksThe proof-of-concept Solidity protocol uses zero-knowledge proofs to establish gift sender and receiver relations while maintaining the sender’s privacy and confidentiality. 

ZK-proofs are a cryptographic method for proving knowledge without revealing the specific information. The ZKSS protocol also utilizes a transaction relayer, which acts as a middleman that submits transactions, thereby keeping the sender’s identity hidden.

Some of the math powering the ZKSS protocol. Source: Artem ChystiakovTo participate, participants register their Ethereum addresses in a smart contract, creating a list of all participants. Then, each participant commits to using a specific digital signature. 

This prevents a cheating attack where someone could participate multiple times by creating different signatures.

Each participant then secretly adds their random number to a shared list using the relayer, so no one knows who added what. This allows receivers to encrypt their delivery address, so only their assigned “Santa” can read it.

Finally, each participant selects someone else’s random number from the shared list, after which the identity of the receiver is revealed. 

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

Global markets were hit with sudden volatility today after Japan’s bond market spiked to levels not seen since 2008. The yield on Japan’s 2-year government bond surged above 1% for the first time in almost two decades. This sharp jump may look small on a long-term chart, but it represents a major move for a market that stayed near zero or even negative for years.  The sudden rise in Japanese yields caused immediate selling pressure across stocks and crypto.

Crypto Follows Stocks into the RedBitcoin, Ethereum, Solana and other major cryptocurrencies all dropped in the short term as investors reacted to the global sell-off. Bitcoin rejected an important resistance level and pulled the rest of the crypto market down with it. Since altcoins are heavily correlated with Bitcoin’s direction, the weakness spread quickly.

XRP Price Faces Pressure at $2 After Fresh Market PanicXRP also felt the impact. The token is still dealing with a long-term bearish divergence, something analysts have been warning about for months. This pattern has continued to play out, showing overall weakness despite small relief rallies.

XRP recently saw a short-term bounce thanks to a bullish divergence, but the move stalled near $2.30 to $2.40, a strong resistance zone. XRP got close to $2.30 before rejecting sharply.

With Bitcoin dropping, XRP followed and is now trading near $2.00, a crucial support area. If XRP holds above the $2 level, it could stabilize between $2 and $2.25. But a daily close below $2 could push the price toward $1.90, then $1.80, and possibly $1.60 if selling pressure grows.

What to Watch Next for XRPIf RSI continues forming higher lows while the price forms lower lows, it could mean a possible rebound later in the week. However, this pattern is not confirmed yet.

For now, XRP remains tied closely to global risk sentiment. As long as the Japanese carry trade unwinds and stock markets stay shaky, XRP may face short-term downside before finding a stronger base.

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Ethereum open interest jumped $653M after a price dip. Traders return as ETH holds support, with indicators pointing to potential upside.

Ethereum’s market activity has picked up again after a sharp move to the downside. Following a drop to near $2,800, open interest in ETH futures rose by more than $653 million.

As of press time, ETH is trading at around $2,800. The asset is down 8% in the past 24 hours but remains slightly up on the week.

Open Interest Rises After Price Decline
According to analyst Maartunn, ETH open interest jumped by $653.8 million, a 4% rise, shortly after the latest dip. The price drop was met with increased futures activity, suggesting traders were quick to return. This kind of behavior is often seen during periods of volatility, when leverage is reintroduced into the market.

ETH Open Interest just jumped +$653.8M (+4.32%) after the recent dip 🎯

Looks like the gamblers are back for another round. pic.twitter.com/1ZPNs9y2RE

— Maartunn (@JA_Maartun) December 1, 2025

ETH trading volume supports this trend, with over $23.8 billion recorded in the last 24 hours. Additionally, the asset may also be approaching a technical turning point. Data from a weekly chart shared by Mister Crypto shows the Stochastic RSI moving into its lower range. Historically, these conditions have been followed by price bounces. Maartunn commented,

“$ETH is very oversold. In the past we’ve always seen a bounce from this level. History will repeat!”

Interestingly, the chart shows that previous readings at similar levels have lined up with market reversals. The current setup appears to mirror earlier cycles where oversold conditions were followed by recoveries, suggesting the potential for a shift in momentum.

ETH/BTC Holds Firm Despite Market Pressure
While Bitcoin has pulled back, ETH has remained steady against it. ETH/BTC is sitting just above a support zone between 0.03150 and 0.03250 BTC. Analyst Michaël van de Poppe noted, “$ETH is nicely consolidating… remaining flat against Bitcoin,” despite broader weakness.

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Traders Remain Cautious as Crypto Market Sees Gradual Recovery in Sentiment: Bybit Report

Ethereum’s November Trading Frenzy: Spot Volume Hits $375B as ETFs Add $35B Punch

How Undervalued Is Ethereum Really, and What’s ETH’s True Price Today?

Ethereum (ETH) price chart. Source: Michaël van de Poppe/X
Volume remains stable, and the pair is holding above its 50-day moving average. Earlier this year, the price rallied over 140% from this same area. Van de Poppe added, “Bitcoin bottoming and Ethereum is likely to outperform,” if the current range continues to hold.

Broader Outlook and Fair Value Estimate
Simon Kim, CEO of Hashed, has launched a dashboard that values Ethereum using 12 different models, as previously reported. According to the dashboard, Ethereum’s fair value is estimated at $4,869. Based on the current market price, this suggests the asset may be undervalued by over 60%.

Meanwhile, CryptoWZRD’s technical review notes that Ethereum is trading just above key support. A move above $3,055 could open the way for bullish setups, while price action below that level may keep the market in a sideways range. They plan to monitor shorter timeframes for potential short-term trade opportunities.

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BitMine Immersion Technologies has acquired another 23,773 Ether over the past three days amid the current market slump, as its chairman pushed back his prediction on Bitcoin’s all-time high.

According to an X post by the crypto data analytics platform Lookonchain, Bitmine purchased 7,080 Ether (ETH) for approximately $19.8 million on Monday.

Source: Lookonchain The same wallet also purchased 16,693 ETH for approximately $50.1 million on Saturday, bringing the total to nearly $70 million over the past three days. 

The moves continue the momentum from last week, which saw Bitwise purchase 96,800 ETH for around $273.2 million.   

Bitmine is the largest ETH digital asset treasury firm (DAT) on the market by a significant margin, according to strategicethreserve.xyz.

Bitmine’s goal is now 62% of the way to its goal of holding 5% of the Ether supply. However, the firm is in the red at current prices, as it posted on Sunday that it has 3.7 million ETH at an average purchasing price of $3,008 per token. 

Top 10 ETH digital asset treasuries. Source: strageticethreserve  Tom Lee shifts Bitcoin call for next all-time highBitmine’s chairman, Tom Lee, has been adjusting his prediction for Bitcoin as the crypto market has stumbled toward the end of 2025. 

Until October this year, Lee had been tipping Bitcoin (BTC) to hit a new ATH of $250,000 by the end of 2025. However, he walked back the call last week, speculating Bitcoin could “maybe” regain its all-time high at the end of this year. 

Lee has shifted again during an interview with CNBC on Sunday, now speculating that Bitcoin will hit a new all-time high in January. 

“I do think Bitcoin can make an all-time high by the end of January,” he said, adding that  “a lot of it’s gonna depend on equities recovering, which we expect it to.” 

Elsewhere, Jeff Dorman, the chief investment officer of digital asset investment firm Arca, said there is no concrete reason why the crypto market has been suffering.

In an X post on Monday, Dorman pointed to bullish fundamentals across multiple markets.

“Wall Street is seeing all of the same bullish signs that I’m seeing — equity, credit and gold/silver markets are launching to ATHs every month because the Fed is cutting rates, QT is ending, consumer spending is strong, record earnings, AI demand still incredibly strong, etc.,” he said, adding: 

“Meanwhile, all of the ‘supposed reasons’ for crypto selling off are easily debunked, or have reversed — MSTR isn’t selling, Tether isn’t insolvent, DATs aren’t selling, NVDA isn’t blowing up, the Fed isn’t turning hawkish, the tariff wars aren’t restarting, etc.”Dorman argued that part of the issue could be due to liquidity problems, as he pointed to potential difficulties on-ramping for large institutions such as Vanguard and State Street.  

“So while it’s great that Vanguard, State Street, BNY, JPM, MS, GS, etc are all COMING, they aren’t here today. And until it’s easy to buy via their existing mandates and systems, they just won’t do it,” he wrote. 

Magazine: Animoca’s bet on altcoin upside, analyst eyes $100K Bitcoin: Hodler’s Digest, Nov. 23 – 29

Another Ethereum whale has just woken from dormancy after a decade of silence — but rather than sell, the whale has deployed its entire stash into staking. 

The Ether wallet holds 40,000 tokens, which the holder paid around $12,000 for during Ethereum’s genesis block launch in July 2015, according to blockchain data platform Lookonchain. It is now worth $120 million. 

However, rather than move the funds to a cryptocurrency exchange deposit address, the ICO-era whale has instead staked their entire ETH holding, suggesting the whale is doubling down on their conviction in Ethereum. 

Source: LookonchainThere has been considerable chatter over the last month about large crypto whales selling, with some analysts attributing recent crypto price fluctuations to their actions.

Two other Ether OGs sold, one stakedAnother OG wallet, which stacked 254,908 tokens during the Ether ICO, started selling their holdings on Nov. 26. 

In an initial sale, the whale sold 20,000 Ether, then steadily chipped away until they had just $9.3 million in Ether left as of Saturday.

At the same time, another OG who had accumulated 154,076 Ether, starting in 2017, sent 18,000 tokens to the web-based crypto exchange Bitstamp. Previously, the whale had sold off 87,824 Ether at an average price of $1,694.

A larger Ether ICO wallet that woke up after eight years in September also opted to stake some of their stash. The whale snapped up 1 million tokens during Ethereum’s genesis and moved 150,000 Ether to a new wallet for staking.

Top Ether holders still accumulatingWhile some OG Ether whales might be selling, the top addresses are still accumulating. Last Wednesday, the supply of Ether held by the top 1% addresses rose to 97.6%, up from a year ago, when they only had 96.1%, according to blockchain data platform Glassnode.

The Eth2 Beacon Deposit Contract holds the most Ether at 72.4 million, which is worth around $203 billion and represents around 60% of the total supply, according to blockchain intelligence platform Arkham.

The Eth2 Beacon Deposit Contract holds the most Ether. Source: Arkham Crypto exchange Binance holds the second-largest amount, with 4 million, and asset manager BlackRock makes up the rest of the top three, with 3.9 million Ether in its stash.

Magazine: Animoca’s bet on altcoin upside, analyst eyes $100K Bitcoin: Hodler’s Digest, Nov. 23 – 29

In brief
Bitcoin trading will be rangebound as 2025 comes to a close, constrained by macro overhang, rebalancing flows among others, Decrypt was told.
The $83,000 to $95,000 range remains an area of interest among experts, who forecast elevated volatility for the remainder of 2025.
The primary catalyst for a 2026 rally is the Fed's guidance after a December cut, followed by two to three more cuts through mid-year.
Bitcoin’s sudden dip on the first day of December has entrenched a fearful market mood, prompting analysts to adopt a cautious stance as the year draws to a close.

The concern has dominated the past month, reflecting Bitcoin’s 7% slide in December and its roughly 31% correction from the October 6 all-time high of $126,080, according to CoinGecko data. 

The crypto market is in a fragile state, experts told Decrypt. Negative news weighs on markets, while positive developments fail to improve market sentiment or price.

Bitcoin is likely to remain range-bound with elevated volatility, consolidating between $83,000 and $95,000, Derek Lim, head of research at crypto market-making firm Caladan, told Decrypt.

Still, experts maintain that Bitcoin is in a bull-market correction rather than having already tipped into bear-market territory.

What’s next for the bellwether crypto?Bitcoin’s crash on the first day of December appears to have been driven by a lack of macro data, uncertainty amplified by MicroStrategy's woes, and speculation about Tether's insolvency, Decrypt previously reported. 

Gold’s rise amid the stock and crypto tumble, meanwhile, hints at the pervasive risk-off shift.

“For Bitcoin to regain a clear upward trajectory, the macro environment would need to improve more than people currently expect,” Tim Sun, senior researcher at HashKey Group, told Decrypt, echoing Lim’s constrained outlook.

It is unlikely Bitcoin will launch into a strong one-way uptrend before 2025 ends, Sun noted, suggesting a more realistic scenario would involve “working on forming a bottom.”

“Liquidity conditions and sentiment are still pretty weak,” the analyst explained, adding that even a December rate cut is secondary to the Fed’s 2026 outlook.

Beyond the immediate consolidationThough the Federal Reserve ended its quantitative tightening program on Monday, removing a significant structural headwind, Lim noted that the positive effects will take time to materialize in market flows. 

He drew a parallel to the 2019 setup, in which risk assets began a significant rally roughly six to 12 months after the Fed concluded its last QT cycle.

Looking further ahead, Lim forecasts Bitcoin trading in a range of $110,000 to $135,000 in the mid to long-term. 

That outlook hinges on key catalysts aligning for risk assets, primarily the Fed’s guidance. Sustained tailwinds would require two to three more cuts through mid-2026, balance sheet stability from the end of QT, and continued institutional adoption.

Bull correction vs. bear marketAnalysts differentiate the current pullback from a true bear cycle. 

“A true bear market usually involves long-term money leaving the space, narratives breaking down, and institutions pulling back in a big way,” Sun clarified, suggesting the current market is weighed down by lower risk appetite and tight liquidity.

Unlike the last cycle peak, “we’re not seeing widespread euphoria or speculative excess,” Sun noted. 

“As long as expectations for a looser Fed cycle in 2026 don’t get completely derailed... this phase is more likely a bottom-forming consolidation—not a new long-term bear market.”

Still, Lim warned that a break below $75,000 would invalidate it, opening the door to a deeper downturn.

Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.

A hedge fund believes that Strategy will likely not rush to sell its Bitcoin stash.

Crypto Reporter

Shalini Nagarajan

Crypto Reporter

Shalini Nagarajan

About Author

Shalini is a crypto reporter who provides in-depth reports on daily developments and regulatory shifts in the cryptocurrency sector.

Last updated: 

December 1, 2025

Bitcoin traded around $86,000 at the Asia open on Tuesday, as a sharp slide in cryptocurrencies and a global bond selloff kept traders defensive and capped gains in regional stocks.

The world’s largest cryptocurrency remains a key barometer of risk appetite, and sentiment turned fragile after it slumped more than 5% on Monday, briefly slipping below $85,000. It last changed hands near $86,400 in Asia, leaving it roughly 30% below its October peak.

Bitcoin saw the biggest wipeout over the past 24 hours, with about $251.69M getting liquidated. Ethereum followed with roughly $111.31M in liquidations, while other majors like SOL and ZEC saw smaller amounts at $19.22M and $14.99M, according to CoinGlass.

Market snapshot
Bitcoin: $86,991, up 1.4%
Ether: $2,805, down 0.5%
XRP: $2.02, down 0.8%
Total crypto market cap: $3.03 trillion, up 0.8%
Bond Market Stress Builds As BOJ Signals End To Ultra Loose PolicyEquity markets in the region tried to stabilize, although investors stayed cautious. MSCI’s broad index of Asia Pacific shares outside Japan rose about 0.6%, while Tokyo’s Nikkei 225 edged 0.5% higher after a sharp drop in the previous session.

Behind the nerves sits a week-long selloff in Japanese government bonds, which gathered pace after Bank of Japan governor Kazuo Ueda laid the groundwork for an interest rate increase later this month.

Traders increasingly expect the BOJ to move away from its ultra-loose stance, a shift that could ripple through global funding markets.

10-year Japanese government bond yields ticked up another 1.5 basis points in morning trade to around 1.88%, the highest level in 17 years, ahead of a key 10-year auction. On Monday, they had already jumped 6 basis points, while the move spilled into overseas markets and pushed 10 year US-Treasury yields up to about 4.08%.

In credit markets, investors kept a close eye on Chinese developer China Vanke, which recently surprised markets by seeking a delay on a local bond repayment. The company has now asked holders to wait a year to be made whole, a move that underscores ongoing liquidity strains in the country’s property sector.

Markets Price In December Fed Cut As Economic Data SoftensIn the US, futures on the S&P 500 were little changed after the index fell 0.5% on Monday and the Nasdaq 100 slipped 0.4%.

Data from the Institute for Supply Management showed US manufacturing contracted for a ninth straight month in November, with the headline index easing to 48.2 from 48.7, and components such as new orders, employment and backlogs all weakening.

The softer tone in the data has reinforced bets that the Federal Reserve is nearing a turn in policy. Interest rate futures now imply about an 86% chance of a 25 basis point cut at the Fed’s Dec. 9 to 10 meeting, helped by signs of cooling activity and a gradual easing in inflation pressures.

Fed officials will receive one more reading on their preferred inflation gauge before that decision, with Friday’s report expected to show that price pressures remain present but contained. Even so, many analysts see the labour market as the key factor that will shape the pace of cuts next year.

Risk Aversion Rises As Bitcoin Drop Spills Into Crypto-Exposed EquitiesCrypto-exposed stocks felt the impact of Bitcoin’s slide as risk aversion picked up. Shares of MicroStrategy, the largest corporate holder of Bitcoin, fell sharply, while Coinbase and Robinhood dropped by around mid-single digits. Bitcoin miners such as Marathon Digital and Riot Platforms slid between about 7% and 9% as lower prices squeezed margins.

On-chain data added another layer of concern for crypto traders. Analysts at Bitfinex said recent losses in Bitcoin have triggered a wave of realised losses bigger than those seen at the two major lows earlier in the current cycle, in Aug. 2024 and April 2025, describing a market under stress and searching for liquidity as weaker holders capitulate.

They noted that such heavy loss realization has often occurred near the later stages of corrective phases, when selling pressure exhausts itself and conditions stabilize.

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

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

The retailer is one of the biggest companies to seek a refund should the Supreme court strike down emergency tariffs

Vancouver, British Columbia--(Newsfile Corp. - December 1, 2025) - Victory Square Technologies Inc. (CSE: VST) (FSE: 6F6) (OTC Pink: VSQTF) ("Victory Square" or the "Company") today released its financial results for the three and nine months ended September 30, 2025, and provided a comprehensive update on key developments across its digital health, biotech, pet wellness, climate tech, and immersive technology platforms. The Company's complete financial statements and Management Discussion & Analysis ("MD&A") for Q3 2025 are available on SEDAR+ at www.sedarplus.ca.

Microsoft boasts a powerful AI and cloud growth story. But is this story already priced into the stock?

Microsoft (MSFT 1.13%) shares are up about 16% so far in 2025. The move reflects enthusiasm for the company's role in the AI (artificial intelligence) buildout and its position as one of the largest cloud providers.

Recent first-quarter results for fiscal 2026 reinforced that optimism, with another period of double-digit revenue growth led by its cloud offerings. The software and cloud giant continues to add AI features across products like Microsoft 365 and Windows, which deepens customer ties. And its cloud computing operation, Azure, is experiencing soaring demand from customers seeking to expand their AI workloads.

Yet, with the stock already pricing in a long runway of AI-driven growth, the key issue is whether Microsoft's growth story has already been factored in.

Image source: Getty Images.

AI and cloud momentum
In the first quarter of fiscal 2026, Microsoft's revenue rose 18% year over year to $77.7 billion, while earnings per share increased 23% to $4.13. Revenue from its cloud businesses, including Microsoft 365 Commercial, Azure, Dynamics 365, and other cloud services, reached $49.1 billion in the period, up 26% year over year. Its "Azure and other cloud services" (primarily Azure) saw revenue rise 40% year over year as customers shifted more workloads and AI projects to the platform.

For fiscal 2025, Microsoft's cloud businesses saw revenue grow 23%, with Azure revenue specifically growing 34%. So, the latest quarter represents a clear acceleration. This is good news since the company has been ramping up its investments in AI infrastructure. Without accelerating growth, investors could turn more skeptical about the company's AI investments.

Management also highlighted how deeply AI features are being integrated throughout the product line. On the latest earnings call, CEO Satya Nadella said Microsoft now counts roughly 900 million monthly active users of AI features across its products, and more than 150 million users of its Copilot assistants.

The seemingly insatiable demand for AI compute power was particularly evident in Microsoft's commercial bookings, which increased 112% year over year. Similarly, commercial remaining performance obligations (RPOs), which serve as an indicator of demand trajectory, increased 51% to $392 billion. These customer commitments were primarily driven by demand for Microsoft's AI-capable compute power in its Azure business.

Big spending
The issue, however, is that fulfilling this demand will be costly, as AI computing power is a capital-intensive business that requires substantial investment.

Indeed, Microsoft's investments are already sizable. In the first quarter of fiscal 2026, capital expenditures totaled $34.9 billion, directed primarily to GPUs, CPUs, and data center sites to support AI workloads.

Still, free cash flow managed to increase 33% year over year to $25.7 billion in fiscal Q1, as operating cash flow climbed to $45.1 billion, illustrating the substantial cash the business can generate even while funding significant AI infrastructure spending.

Despite embarking on a capital-intensive investment cycle for AI compute power, Microsoft continues to return large sums of cash to shareholders. In the first quarter of fiscal 2026, the company returned $10.7 billion through dividends and repurchases. For fiscal 2025, Microsoft paid about $24.7 billion in dividends and spent roughly $18.4 billion on buybacks, for a combined total near $43 billion.

Today's Change

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Unfortunately, the market appears to have already factored in much of the excitement surrounding Microsoft's growth story. Shares currently trade at a price-to-earnings ratio of approximately 35. This leaves little room for missteps. If the AI cycle or enterprise IT budgets stumble, the stock could take a hit.

Clearly, Microsoft's business is thriving -- and the company's substantial AI spending could generate substantial returns for shareholders over time. But given the unprecedented nature of this AI investment cycle, it is impossible to predict exactly what kind of returns Microsoft will achieve on its AI spending. For this reason, I believe investors may want to wait for a more attractive entry point before building a position in the stock.

Cameco's stock price has fallen around 15% from its 52-week high, but is that enough to make it a worthwhile investment?

Cameco (CCJ 0.92%) is the largest publicly traded producer of uranium, the fuel that is used by nuclear power plants. It has a long and largely successful history behind it. Cameco is a solid "picks and shovels" play for those interested in investing in nuclear power. But is it worth buying the stock now that it has pulled back from its 52-week high of $110 per share? It depends.

What does Cameco do?
For the most part, Cameco is a uranium miner and processor. It produces the fuel used by the nuclear power industry. Given that the vast majority of its operations are in politically and economically stable regions, it is an attractive partner for the industry. However, uranium is a commodity, and mining is still a challenging and costly endeavor.

Image source: Getty Images.

Potential investors need to keep these facts in mind. Uranium prices have a history of being volatile, particularly following nuclear reactor meltdowns. The last meltdown to occur was Fukushima in 2011. That accident captivated the world and led to countries reevaluating their investment in nuclear power. The price of uranium plunged and remained low for a decade.

It isn't even unrealistic to believe that such an accident could happen again at some point, even as the technology behind nuclear power safety improves. While nuclear power is generally safe, accidents can and do still occur.

Beyond the uranium component of the equation, investors need to consider the mining aspect. Building and operating a mine is expensive and time-consuming. Once again, accidents can happen, which could disrupt Cameco's business. While it has a history of operational success, no company is perfect.

Cameco has attempted to diversify slightly by acquiring half of Westinghouse, which provides services to the nuclear power industry. That should help to smooth out the company's income stream. However, there are still inherent risks to Cameco's business that investors need to keep in mind at all times.

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The opportunity ahead looks attractive right now
Cameco's 52-week high also happens to be its all-time high. Even after a roughly 15% pullback from that peak, however, the stock is still up 50% over the past 12 months. This is largely because investors have become enamored of the nuclear power industry again, thanks to increasing electricity demand from things like data centers, artificial intelligence, and electric vehicles.

That said, there's a quandary in the uranium industry. Investment in the industry was curtailed after the Fukushima disaster. Given the current supply projections, strong future demand is expected to lead to a material supply/demand imbalance starting around 2030. When a commodity's supply falls short of demand, prices tend to rise. Higher uranium prices would lead to higher revenue for Cameco. The business is leveraged to the increasing demand for nuclear power.

CCJ PS Ratio data by YCharts

The problem is that Wall Street seems to be well aware of the opportunity ahead. Cameco's price-to-sales, price-to-earnings, and price-to-book value ratios are all significantly above their levels prior to the Fukushima disaster. This suggests that a lot of good news has already been factored into the stock. Any misstep by the company or setback for the industry could prompt investors to dump the shares.

Probably best left on the wish list for now
Cameco is a well-run company. In fact, its ability to survive the uranium pullback following the Fukushima disaster is clear evidence that it knows how to handle adversity. If you do buy it, you are acquiring a good business. However, it also appears that you will be paying a premium price.

Unless you believe strongly in the nuclear power story, you will probably want to hold off on buying Cameco, despite the 15% pullback from its 52-week high of $110 or so.

December 01, 2025 22:37 ET

 | Source:

Belite Bio, Inc

SAN DIEGO, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Belite Bio, Inc (NASDAQ: BLTE) (“Belite Bio” or the “Company”), a clinical-stage drug development company focused on advancing novel therapeutics targeting degenerative retinal diseases that have significant unmet medical needs, today announced that it has priced an underwritten public offering of 2,272,727 American Depositary Shares (“ADSs”), each representing one of its ordinary shares, at a public offering price of $154.00 per ADS. The Company has also granted the underwriters a 30-day option to purchase up to 340,909 additional ADSs from the Company at the public offering price, less underwriting discounts and commissions. The gross proceeds of the offering to the Company are expected to be approximately $350.0 million before deducting underwriting discounts and commissions and offering expenses payable by Belite Bio. All of the securities in the offering are to be sold by Belite Bio. The closing of the offering is expected to occur on or about December 3, 2025, subject to the satisfaction of customary closing conditions.

Belite Bio intends to use the net proceeds of the offering for (i) commercialization preparation, including building our in-house commercialization team, establishing sales network and systems, and preparing for the commercial manufacture of our future products, if approved, (ii) development and expansion of pipelines, and (iii) working capital and other general corporate purposes.

Morgan Stanley & Co. LLC, Leerink Partners, BofA Securities and Cantor are acting as joint active book-running managers for the offering. H.C. Wainwright & Co. is acting as lead manager for the offering. Maxim Group LLC and Titan Partners Group, a division of American Capital Partners, are acting as co-managers for the offering.

The offering is being made pursuant to a prospectus supplement and accompanying prospectus included in Belite’s registration statement on Form F-3ASR (File No. 333-284521), which became effective automatically on January 27, 2025. Copies of the preliminary prospectus supplement and the accompanying prospectus may be obtained by visiting EDGAR on the U.S. Securities and Exchange Commission (“SEC”) website at www.sec.gov. A final prospectus supplement will be filed with the SEC and will form a part of the registration statement. When available, copies of the final prospectus supplement may be obtained from Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014 or by email at [email protected]; Leerink Partners LLC, Syndicate Department, 53 State Street, 40th Floor, Boston, Massachusetts 02109, by telephone at (800) 808-7525 ext. 6105, or by email at [email protected]; BofA Securities, Attention: Prospectus Department, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, or by email at [email protected]; or Cantor Fitzgerald & Co., Attention: Equity Capital Markets, 110 E. 59th Street, 6th Floor, New York, New York 10022, or by email at [email protected].

A registration statement relating to these securities has been filed with the SEC and has become automatically effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification of these securities under the securities laws of any such state or jurisdiction.

About Belite Bio
Belite Bio is a clinical-stage drug development company focused on advancing novel therapeutics targeting degenerative retinal diseases that have significant unmet medical need, such as Stargardt disease type 1 (STGD1) and geographic atrophy (GA) in advanced dry age-related macular degeneration (AMD) in advanced dry AMD, in addition to specific metabolic diseases. Belite’s lead candidate, Tinlarebant, an oral therapy intended to reduce the accumulation of bisretinoid toxins in the eye, has completed a Phase 3 trial (DRAGON) in adolescent STGD1 subjects and is currently being evaluated in a Phase 2/3 trial (DRAGON II) in adolescent STGD1 subjects and a Phase 3 trial (PHOENIX) in subjects with GA.

Important Cautions Regarding Forward Looking Statements
This press release contains forward-looking statements, including statements about the completion of the offering and the expected use of proceeds, future expectations, plans and prospects, statements regarding the potential implications of clinical data for patients, and Belite Bio's advancement of, and anticipated preclinical activities, clinical development, regulatory milestones, and commercialization of its product candidates, the ability of Tinlarebant to treat STGD1 and GA, the timing to complete relevant clinical trials and/or to receive the interim/final data of such clinical trials; the timing to submit trial data to regulatory authorities for drug approval, as well as any statements regarding matters that are not historical facts, and any other statements containing the words “expect”, “will”, “believe”, “target”, and other similar expressions. No assurance can be given that the offering will be completed on the terms described. Completion of the offering and the terms thereof are subject to numerous factors, many of which are beyond the control of Belite Bio, including, without limitation, market conditions, failure of customary closing conditions and the risk factors and other matters set forth in the prospectus supplement and accompanying prospectus included in the registration statement. Actual results may also differ materially from those indicated in the forward-looking statements as a result of various important factors related to Belite Bio’s business, including but not limited to Belite Bio’s ability to demonstrate the safety and efficacy of its drug candidates; the clinical results for its drug candidates, which may not support further development or regulatory approval; expectations for the timing of initiation, enrollment and completion of, and data relating to, its clinical trials; the content and timing of decisions made by the relevant regulatory authorities regarding regulatory approval of Belite Bio’s drug candidates; the potential efficacy of Tinlarebant, as well as those risks more fully discussed in the “Risk Factors” section in Belite Bio’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements are based on information currently available to Belite Bio, and Belite Bio undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.

Media and Investor Relations Contact:
Jennifer Wu / [email protected]
Julie Fallon / [email protected]

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Inspire Medical Systems, Inc. (NYSE: INSP) between August 6, 2024 and August 4, 2025, both dates inclusive (the "Class Period"), of the important January 5, 2026 lead plaintiff deadline.

So what: If you purchased Inspire Medical common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Inspire Medical class action, go to https://rosenlegal.com/submit-form/?case_id=21452 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. If you wish to serve as lead plaintiff, you must move the Court no later than January 5, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, throughout the Class Period, defendants misrepresented and failed to disclose key facts about Inspire V, a sleep apnea device, including the actual market demand for the device and whether Inspire Medical had taken the steps necessary to launch it. Defendants issued a series of materially false and misleading statements that led investors to believe that demand for Inspire V was strong and that Inspire Medical had taken the necessary steps for a successful launch. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Inspire Medical class action, go to https://rosenlegal.com/submit-form/?case_id=21452 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
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      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
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SOURCE THE ROSEN LAW FIRM, P. A.

SummaryInitiate coverage on Upstart Holdings, with a hold rating. Q3 showed Upstart’s model can scale profitably, but macro and credit headlines can quickly cap loan originations and pressure guidance.Q3 delivered strong growth (originations $2.9B, +80% YoY; revenue $277.0M, +71% YoY), yet still missed Street revenue and originations expectations.Macroeconomic stress, tightening lending models, and recent private credit bankruptcies (especially in auto loans) raise concerns about sustaining growth and guidance.Valuation looks rich at 5.3 forward book value. I’m concerned about auto loans coming in below expectations, given recent bankruptcies and potential due diligence tightening. gremlin/E+ via Getty Images

I initiate my coverage on Upstart Holdings, Inc. (UPST), with a hold rating after the Q3 print confirmed their lending model can scale profitably but also exposed how quickly macro and credit headlines can

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

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

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SummarySchwab U.S. Dividend Equity ETF is a buy, offering superior dividend growth, sustainability, and value versus peers VYM and DGRO.SCHD's top holdings, including Merck and Amgen, combine strong profitability, sustainable payout ratios, and attractive valuations, supporting continued dividend growth.SCHD's 3.75% yield, low 0.06% expense ratio, and value metrics position it for outperformance as interest rates on cash accounts decline.Despite lower diversification, SCHD's sector allocation and defensive holdings suggest lower volatility and stable returns moving into 2026. PM Images/DigitalVision via Getty Images

Investment Thesis Schwab U.S. Dividend Equity ETF (SCHD) is a buy due to superior qualities that position the fund for dividend growth over top competitors. Specifically, SCHD has top holdings with growth potential and profitability

Analyst’s Disclosure:I/we have a beneficial long position in the shares of SCHD, VYM, AVGO either through stock ownership, options, or other derivatives. 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.

This article is exclusive to Seeking Alpha. No duplication or reproduction of this article is allowed without the consent of Seeking Alpha and the author. This article should not be misconstrued as individual financial advice. Always conduct your own due diligence prior to investing.

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

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