Market Signal Briefing

One small fund’s high-conviction move offers a window into how specialists are navigating 2025’s biotech rally.

New York City-based Findell Capital Management disclosed a new $9.5 million position in Mineralys Therapeutics (MLYS +2.75%) as of its November 14 SEC filing.

What HappenedAccording to a filing with the Securities and Exchange Commission dated November 14, Findell Capital Management initiated a new position in Mineralys Therapeutics (MLYS +2.75%), acquiring 250,000 shares in the third quarter. The stake was valued at $9.5 million, representing 3.7% of the fund’s $253.4 million U.S. equity portfolio as of September 30. The fund reported 15 positions in total.

What Else to KnowTop holdings after the filing: 

NASDAQ:LQDA: $64.4 million (29.4% of AUM)NASDAQ:ESTA: $53.1 million (24.2% of AUM)NASDAQ:OPRT: $15.8 million (7.2% of AUM)NASDAQ:ODP: $14.9 million (6.8% of AUM)NYSE:GEO: $11.5 million (5.2% of AUM)As of Wednesday's market close, shares of Mineralys Therapeutics were priced at $43.36, up a staggering 246% over the past year and far outperforming the S&P 500's 13% gain in the same period.

Company OverviewMetricValueMarket Capitalization$3.4 billionNet Income (TTM)($171.4 million)Price (as of market close Wednesday)$43.36Company SnapshotMineralys Therapeutics is a clinical-stage biotechnology company focused on advancing therapies for hypertension and cardiovascular diseases. The company leverages its proprietary candidate, lorundrostat, to address significant unmet needs in resistant hypertension. Lorundrostat is an orally administered aldosterone synthase inhibitor targeting uncontrolled or resistant hypertension. Primary customers are expected to be healthcare providers and patients suffering from hypertension and related cardiovascular conditions.

Foolish TakeInvestors might want to take note when a manager allocates meaningful capital to a pre-revenue biotech with a rapidly shifting risk profile. Findell’s new stake in Mineralys reflects a bet on a company whose valuation has been driven almost entirely by clinical progress and capital markets momentum. Shares have surged since the company upsized its $250 million offering announced on September 2—an event that materially expanded its cash runway and signaled rising institutional support. The company ultimately raised $287.5 million through the offering. For long-term investors, that backdrop may matter as much as the science itself.

Mineralys ended the third quarter with no product revenue and a net loss of $36.9 million in the period, but it reported continued advancement of lorundrostat, its aldosterone synthase inhibitor being developed for resistant hypertension. The company is still early in its lifecycle, using capital primarily for R&D, manufacturing, and pre-commercial planning. That profile—high risk, but with a potentially large addressable market—isn't unusual across Findell’s portfolio, which includes concentrated medical bets such as Liquidia.

GlossaryAssets Under Management (AUM): The total market value of all investments managed by a fund or investment firm.
Reportable Assets: Investments that must be disclosed in regulatory filings, typically above a certain threshold.
Portfolio Exposure: The proportion of a fund's capital allocated to a specific investment or asset.
Clinical-stage Biopharmaceutical: A company developing drugs that are still undergoing clinical trials and not yet approved for sale.
Aldosterone Synthase Inhibitor: A drug that blocks the enzyme responsible for producing aldosterone, a hormone linked to high blood pressure.
Resistant Hypertension: High blood pressure that remains uncontrolled despite treatment with multiple medications.
Stake: The amount or percentage of ownership an investor holds in a company.
Outperforming: Achieving a higher return or growth rate compared to a benchmark or index.
Proprietary Candidate: A drug or therapy owned and developed exclusively by a specific company.
TTM: The 12-month period ending with the most recent quarterly report.

Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Mineralys Therapeutics. The Motley Fool has a disclosure policy.

The U.S. Securities and Exchange Commission is investigating Jefferies' relationship into bankrupt auto parts maker First Brands Group, The Financial Times reported Thursday.

The newspaper, citing people with knowledge of the matter, said the regulator is looking into whether Jefferies gave investors enough information on its Point Bonita fund's exposure to the failed auto business.

The inquiry into internal controls and potential conflicts within the bank is at an early stage, the report said. It's not clear whether it will result in any allegations of wrongdoing.

Jefferies came under pressure last month after its exposure to First Brands — which collapsed under a series of complex debt agreements — raised fears of other bad loans on Wall Street.

Stock Chart IconStock chart icon

Jefferies, ytd performance

Shares of Jefferies are down more than 12% this quarter and 27% this year.

When asked for comment, an SEC spokesperson said the agency "does not comment on the existence or nonexistence of a possible investigation."

Jefferies did not respond to CNBC's request for comment.

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Zions Bancorporation, N.A. (NASDAQ: ZION, ZIONP) resulting from allegations that Zions Bancorporation may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Zions Bancorporation, N.A. securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=46354 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

WHAT IS THIS ABOUT: On October 15, 2025, Zions Bancorporation, N.A. announced that it would be taking a $50 million charge-off for a loan underwritten by its wholly-owned subsidiary, California Bank & Trust, in light of “apparent misrepresentations and contractual defaults by the Borrowers and Obligors and other irregularities with respect to the Loans and collateral.” Zions Bancorporation, N.A. further disclosed that it would be engaging counsel to coordinate an independent review of the matter.

On this news, Zions Bancorporation, N.A. common stock fell 13.14% on October 16, 2025.

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 litigate securities class actions. 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 has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. At the time 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.

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.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com

NEW YORK, Nov. 27, 2025 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Skye Bioscience, Inc. (NASDAQ: SKYE) between November 4, 2024 and October 3, 2025, both dates inclusive (the “Class Period”), of the important January 16, 2026 lead plaintiff deadline.

SO WHAT: If you purchased Skye securities 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 Skye Bioscience, Inc. class action, go to https://rosenlegal.com/submit-form/?case_id=48064 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 16, 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 litigate 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 made materially false and misleading statements regarding Skye’s business, operations, and prospects. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (1) nimacimab was less effective than defendants had led investors to believe; (2) accordingly, nimacimab’s clinical, regulatory, and commercial prospects were overstated; and (3) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Skye Bioscience class action, go to https://rosenlegal.com/submit-form/?case_id=48064 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.
        Phillip Kim, Esq.
        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
        Fax: (212) 202-3827
        [email protected]
        www.rosenlegal.com

Strathcona Resources Ltd. (SCR:CA) Shareholder/Analyst Call November 27, 2025 11:00 AM EST

Company Participants

Adam Waterous - Executive Chairman of the Board
Olga Kary - Corporate Secretary

Presentation

Adam Waterous
Executive Chairman of the Board

Good morning, everyone. Welcome to the special meeting of the shareholders of Strathcona Resources Limited.

My name is Adam Waterous and I'm the Executive Chairman of Strathcona and will act as Chair of the meeting. I am also joined by certain others Strathcona team members who are either shareholders or duly appointed proxy holders and will be acting as motioner and seconders for the meeting. The meeting will now come to order.

During the course of this virtual meeting, registered shareholders and duly appointed proxy holders may vote by electronic ballot through the Lumi platform. If you've already voted by proxy, there is no need to vote again during the meeting. If you do vote again, your vote is cast at this meeting and will revoke your prior vote. Registered shareholders and duly appointed shareholders may submit questions at any time during the meeting. opins. Questions will be answered in the order received and may be edited or paraphrased, and substantially similar questions may be grouped and answered wants to avoid repetition.

Now for the formal business of the meeting. With the consent of the meeting, Olga Kary, Corporate Secretary of Strathcona will act as Secretary of today's meeting and Nazim of Odyssey Trust Company will act as scrutineer. A notice of this meeting, the Management Information Circular and a form of proxy were sent on November 5, 2025 to shareholders of record as of October 17, 2025, and to directors and auditors of Strathcona. I would ask the secretary to file the declaration of meeting of those materials with the minutes of this meeting. The scrutineer has advised that a quorum is present. I direct the

Recommended For You

Key Takeaways JLL's shares have climbed 50% in six months, far outpacing the industry's 21.2% rise.Stronger outsourcing trends, tech investments and diversified services are supporting JLL's growth.JLL raised its 2025 adjusted EBITDA outlook and reported higher liquidity in Q3 with lower net debt.
Shares of Jones Lang LaSalle Incorporated (JLL - Free Report) , popularly known as JLL, have gained 50% in the past six months, outperforming the industry’s upside of 21.2%.

JLL is expected to gain more from the continued strength of its resilient lines of business and favorable outsourcing trends. Its data-driven and experiential technology platform is leading to increased client engagements, which is encouraging. Strategic investments to capitalize on market consolidation bode well.

The company, carrying a Zacks Rank #3 (Hold) at present, reported third-quarter 2025 adjusted earnings per share of $4.50, which increased from the prior-year quarter’s $3.50. Results reflected a year-over-year rise in revenues. Its resilient revenue business lines continued to deliver strong growth, led by Project Management and Workplace Management. Its transaction-based businesses witnessed growth, driven by Investment Sales, Debt/Equity Advisory and Other and Leasing.

Image Source: Zacks Investment Research

Let us decipher the possible factors behind the surge in the stock price.

JLL has a broad range of real estate products and services as well as extensive knowledge of domestic and international real estate markets, thus enabling it to operate as a single-source provider of real estate solutions. Its superior client services and strategic investment in technology and innovation are expected to help grow market share and win relationships. Strategic technology investments enable the company to navigate challenging times.

Moreover, JLL's diversified and resilient platform and cost-optimization efforts are expected to support its adjusted EBITDA. The company has increased its 2025 adjusted EBITDA guidance to a range of $1.375-$1.45 billion compared with the prior guided range of $1.30-$1.45 billion. We expect adjusted EBITDA to rise 16.4% to $1.38 billion in 2025.

JLL’s Real Estate Management Services segment is well-positioned to benefit from favorable trends in the outsourcing business. Corporations are looking for the company’s wide-ranging knowledge and the breadth of its services, including sustainability. In the post-pandemic period, the trend for organizations to outsource real estate services and seek strategic advice on reimagining their workspaces and workstyles to boost culture, attract talent and drive performance has gathered more strength.

Amid the rising trend of outsourcing real estate needs by companies, new contract wins and the expansion of services with existing clients are likely to aid JLL’s performance in the upcoming period. The company remains confident in the long-term trajectory of the Workplace Management business as its sales pipeline is strong and contract renewal rates are stable. For the Project Management business, client activity continues to be healthy, positioning the company for continued momentum into the fourth quarter of 2025. We expect a year-over-year increase of 11.3% in JLL’s Real Estate Management Services segment’s total revenues in 2025.

JLL is focused on maintaining balance sheet strength and adequate liquidity to enjoy operational flexibility. The company exited the third quarter of 2025 with $3.54 billion of corporate liquidity and a net leverage of 0.8X compared to 1.2X reported in the prior quarter. In the third quarter of 2025, the company reported net debt of $1.1 billion compared to $1.59 billion in the previous quarter. Sequential quarter reduction in net debt was driven by positive free cash flow generation in the third quarter of 2025. Hence, with a solid balance sheet, JLL is well-poised to sail through challenging times and capitalize on solid opportunities.

With the above-mentioned factors, we believe the rising trend in the stock is expected to continue in the near term.

Risks Likely to Affect JLL’s Positive TrendMacroeconomic uncertainty, geopolitical unrest and a cautious approach are concerns for the transaction-based businesses of JLL. Competition from peers and foreign currency fluctuations add to its woes.

Stocks to ConsiderSome better-ranked stocks from the real estate operations industry are Newmark Group (NMRK - Free Report) and TPG RE Finance Trust (TRTX - Free Report) , each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The Zacks Consensus Estimate for NMRK’s 2025 earnings per share is pinned at $1.59, suggesting year-over-year growth of 29.3%.

The Zacks Consensus Estimate for TRTX’s ongoing year’s earnings per share stands at $1.01, indicating a 5.2% increase from the year-ago reported figure.

XRP trades at $2.18 today, holding a market cap of $131 billion, with $3.72 billion in 24-hour volume moving through the books. The intraday price band between $2.16 and $2.25 shows just enough elasticity to keep traders alert without offering a clean directional tell. XRP Chart Outlook XRP's broader structure on Nov.

Ethereum just took a major step forward, and the timing couldn’t be more deliberate. The network has quietly bumped its block gas limit from 45 million to 60 million, giving the base layer far more breathing room right as ecosystem throughput hits new highs and the Fusaka upgrade sits days away. This isn’t a random tweak. It’s a coordinated shift in how Ethereum wants to scale, and the ripple effects are already visible across L2s, developers, and the wider rollup economy.

Why the Ethereum Gas Limit Jump MattersEthereum has always treated the Ethereum gas limit like a pressure valve. Push it too far and you risk clogging the network or stressing clients. Keep it too low and you throttle innovation. The move from 45M to 60M is the biggest increase in years, and it happened only after more than half of validators signaled approval, triggering an automatic network-wide switch on November 25.

This change didn’t appear overnight. Toni Wahrstätter from the Ethereum Foundation called it the result of a long, steady community push that started a year ago. In his words, Ethereum is now running at double the gas limit it had last year, and this is only the beginning.

For developers and DeFi users, the impact is simple: blocks can now fit more transactions. That means higher base-layer throughput, fewer peak-hour bottlenecks, and more breathing room as L2s continue to scale.

What Made the Increase Possible?If you zoom out, the increase is the result of three major forces converging at the right moment.

First, EIP-7623 added new block-size safeguards at the protocol level, reducing risks tied to runaway block growth. Second, major clients have been optimized across the board. That means Geth, Nethermind, Besu, and others can now handle heavier gas loads without slowing block propagation. Finally, long stretches of testnet trials have shown something everyone wanted to see: stable behavior even under heavier load.

Independent researcher Zhixiong Pan highlighted this combination as the reason Ethereum can now pursue more “aggressive L1 scaling” without gambling on network stability. And he’s right. Ethereum has rarely been this aligned on both engineering readiness and real-world conditions.

Vitalik’s Take: Not Just Bigger Blocks, Smarter ScalingVitalik Buterin added an interesting layer to the conversation. Yes, the gas limit is higher. But he argued the future isn’t simply about making blocks as big as possible. Instead, he sees the next wave of scaling as more targeted.

What this really means is that future upgrades could raise the gas limit again but pair it with higher gas costs for specific heavy operations. Complex precompiles, expensive arithmetic, specialized contract calls — all of these could be priced higher to keep the network efficient as effective block sizes grow.

This is Ethereum stepping away from blunt scaling and moving toward fine-tuned optimization. Bigger blocks where it helps. Higher costs where it’s safer.

Rollups Are Pushing Throughput RecordsThe gas-limit increase lands during a record-beating moment for Ethereum’s scaling networks. Over the past 24 hours, Ethereum’s combined rollup ecosystem has processed around 31,000 transactions per second. That’s not a typo — 31,000 TPS.

Lighter, a perpetuals-focused zero-knowledge rollup with about 1.2 billion dollars locked, led the pack at nearly 5,455 TPS. Coinbase’s Base contributed 137 TPS, while a long tail of ZK and optimistic rollups filled in the rest.

This kind of throughput shows where Ethereum’s real growth is coming from. L2s are exploding, and the base layer is now being tuned to support that expansion.

Fusaka Is Around the CornerAll of this leads to the upcoming Fusaka hard fork, targeted for December 3. The update has already gone live on major testnets and even launched a two-million-dollar audit contest. Fusaka isn’t a small upgrade. It’s a foundational shift.

At the center sits PeerDAS, a redesign of how data availability sampling works. Vitalik has called PeerDAS essential for Ethereum’s long-term scaling goals, especially for rollups that depend on fast, reliable data throughput. It’s meant to make L2 block publication smoother, more predictable, and far more efficient.

Fusaka will also deliver client updates, consensus tweaks, security improvements, and a raft of low-level refinements that tighten the engine under Ethereum’s hood.

What This All Signals for Ethereum’s FuturePut it together and a clear picture emerges. The gas-limit increase is not a one-off move. It’s a signal of confidence — that clients are ready, testnets are stable, and L2s are hungry for more room. With PeerDAS arriving in days, $Ethereum is effectively widening the base layer at the exact moment its rollup ecosystem is hitting new speed records.

The story here isn’t just about bigger blocks. It’s about a network preparing for its next era of scaling with a mix of engineering discipline, community alignment, and real-world demand.

If this is the pre-Fusaka phase, the post-Fusaka landscape is going to be even more interesting.

Cathie Wood ramps up AI and crypto investments as Ark adds Alphabet, Coinbase and Circle. What does this mean for Bitcoin's outlook and institutional demand?

TL;DR

S&P assigns USDT the lowest rating on its scale and triggers a direct clash with Tether over the strength and transparency of its reserves.
CEO Paolo Ardoino responds to the rating and accuses S&P of relying on failed models that, in his view, do not reflect the company’s financial structure.
S&P warns that growing exposure to Bitcoin and other volatile assets could leave USDT undercollateralized and demands more data and oversight.

Tether enters a new phase of tension with the traditional financial system after S&P Global Ratings assigned USDT the lowest score on its stablecoin stability scale.

The agency placed the token at level 5 (weak) and justified the decision by pointing to persistent disclosure gaps, an increase in higher-risk assets within the reserves, and transparency standards it considers weaker than those of other issuers. CEO Paolo Ardoino reacted immediately, confronting the agency’s traditional assessment models head-on.

to S&P regarding your Tether rating:

We wear your loathing with pride.

The classical rating models built for legacy financial institutions, historically led private and institutional investors to invest their wealth into companies that despite being attributed investment grade…

— Paolo Ardoino 🤖 (@paoloardoino) November 26, 2025

S&P noted that Bitcoin now represents roughly 5.6% of USDT’s backing, a percentage that exceeds the 3.9% overcollateralization buffer. It also warned that a sharp decline in BTC, corporate bonds, precious metals, or secured loans could leave the token undercollateralized and increase the fragility of the reserve structure. The agency added that the issuer still fails to provide sufficient information about the financial strength of its custodians, counterparties, and banking partners, even though a significant portion of its assets remain in Treasury bills and dollar equivalents. According to the report, the rating could improve if Tether reduces its exposure to volatile assets and publishes more precise data about its balance sheet and partners.

Ardoino Pushes Back and Defends Tether’s Model and USDT
Ardoino responded on X and accused S&P of operating from a financial structure that, in his view, has been failing for years. He argued that traditional ratings models fueled investments in companies that collapsed soon after and that this track record raised questions about the agencies’ independence. He stated that the traditional financial sector cannot tolerate a company trying to distance itself from what he described as a broken system. He maintained that Tether built the industry’s first overcapitalized company, does not use toxic reserves, and remains highly profitable even without aligning itself with the conventional banking model.

The CEO also stressed that hostility toward Tether stems from a shift in the balance of power. He said the company shows that the traditional financial system has structural limits and that institutions that once set standards now view with suspicion the growth of an asset that exceeds $184 billion in market capitalization. S&P stands by its position and focuses its assessment on measurable risks: reserve composition, volatility, governance, and transparency

Bitcoin (CRYPTO: BTC) just delivered another chapter in the long-running Wall Street meme that refuses to die: when Jim Cramer turns bearish, traders pile in the other way. Days after Cramer publicly warned on CNBC that the recent bounce in crypto "makes no sense" and flagged fragility in leveraged positioning, Bitcoin has pushed sharply higher — rallying from around $85,973 on Nov. 21 to roughly $90,473 this week, a gain of about 6.8% over the past five days. For crypto die-hards, the timing was too perfect to ignore.

Track BTC price here.
A Classic Contrarian SetupHeading into the Thanksgiving week, Bitcoin looked battered: down more than 21% over the past month, off about 3% year-to-date and slightly lower versus the past 12 months. Sentiment was cracking, liquidations were mounting and derivatives positioning was stretched. That's precisely when Cramer took a sharp turn bearish, questioning the credibility of the rally and calling out structural risk beneath the price action.

Crypto traders, who now treat Cramer's calls as a sentiment indicator rather than fundamental insight, immediately revived the well-worn "inverse-Cramer" playbook — the crowdsourced belief that when Cramer calls a top or bottom, markets often flip the script. And right on cue, Bitcoin bounced.

Read Also: $8 Billion Mistake: Wall Street Underprices Bitcoin Miners By 28%, JPMorgan Says

Bulls See A Different TapeAdding fuel, Bitmine Immersion Technologies Inc (AMEX:BMNR) chair and longtime Bitcoin bull Tom Lee softened his famously aggressive year-end target of $250,000, calling a record-high in 2024 a "maybe," but reiterated that he still expects Bitcoin to break above $100,000 before the end of 2025.

Meanwhile, gold advocate and Bitcoin critic Peter Schiff took to X ahead of Blockchain Week in Dubai, promising he looked forward to "un-orange-pilling" believers — a comment that only energized the tribal battle lines further.

For traders tracking psychology over projections, this cocktail of public doubt, washed-out positioning and high-profile bearish rhetoric is exactly the recipe for contrarian upside.

Investor TakeawayBitcoin is fighting back from a deep drawdown with sentiment — not fundamentals — driving the move. If momentum holds and shorts scramble, the inverse-Cramer crowd may notch another trophy. But with volatility accelerating and macro uncertainty still thick in the air, this bounce needs follow-through fast.

For now, the scoreboard reads: Cramer cautious, Schiff circling, Lee still bullish — and Bitcoin refusing to stay down.

Read Next:

Tom Lee’s Shock Call Meets BitMine’s Supply Squeeze
Market News and Data brought to you by Benzinga APIs

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

He argued that institutions orchestrated the collapse through coordinated pump-and-dump activity.

According to Hoskinson, institutions pushed ADA and Bitcoin to inflated highs before offloading their crypto treasuries at scale.

The cycle allowed them to profit twice, first from the rally and then from the subsequent shorts, while retail participants faced the worst of the fallout.

According to him, these entities removed tens of billions from the ecosystem and created a liquidity vacuum that squeezed market makers and destabilized the broader market.

“The reason why the price is low, it’s because institutions got what they wanted. They pumped & dumped the dats…”

“Pumped it up, shorted it down, made both sides of the trade…” -Charles Hoskinson

Concerning Cardano ADA & Crypto in general… pic.twitter.com/dRHGYm9xTJ

— 𝙈𝙚𝙩𝙖𝙈𝙖𝙣 𝙓 ™ (@MetaMan) November 24, 2025

A Fragile Recovery
ADA has slowly pushed back above the $0.40 level while Bitcoin rose to reclaim the $90,000 zone.

Hoskinson believes this rebound could be the early foundation for renewed stability, especially once the Clarity Act takes effect next year in the United States.

He expects regulatory clarity to draw new capital, restore confidence, and potentially set the stage for Bitcoin to touch $250,000 by the end of 2026, pushing ADA higher.

ADA Price Analysis: Rising From a Critical Support Zone
The weekly ADA chart shows that ADA now sits between two converging trendlines and has formed a tightening wedge that will determine the next major direction.

Source: TradingView

A bullish breakout above the descending resistance could trigger a strong continuation toward the major supply zone near the $1 area.

Clearing that level would open a larger expansion phase, with a long-term target at $10.

On the other hand, a rejection from the resistance zone could push ADA back toward deeper bearish targets like $0.20.

ADA Comeback Brewing as $BEST Presale Steals the Spotlight
While ADA eyes a massive breakout to $10, Best Wallet Token ($BEST) steps into the non-custodial wallet space, bringing a set of perks that tie the token directly to real utility inside the ecosystem.

At the core of $BEST is access. Holding the token opens the door to early entries into new presales and emerging projects that haven’t hit the market yet.

It’s designed for users who want to catch opportunities before they trend.

The token also cuts down transaction costs across the Best Wallet ecosystem and gives active users a financial edge.

For those who enjoy staking, $BEST boasts a massive 74% per annum in rewards. A portion of the supply is set aside to pay out these dynamic rewards.

Also, governance rights let holders participate in key decisions like adding blockchain integrations, new token support, or product features.

The $BEST presale ends in just 24 hours, marking the final opportunity to secure tokens at $0.026005 before listings hit major platforms.

Getting involved is fast and effortless:

Visit the official Best Wallet Token website.
Connect any supported wallet, such as the Best Wallet itself.
Buy using crypto (USDT or ETH) or simply use a debit or credit card.

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.

Market News

Summary:

Cardano has been on the rise this week, but is still down by more than 35% in the last month.
On-chain data shows substantial whale accumulation, which provides significant support.
Much still depends on market bellwether Bitcoin and Cardano network development.
Cardano’s native token, ADA, has begun to stabilize after plunging to one-year lows around $0.41 earlier this month. Over the past five days, it has climbed approximately 5%, reaching $0.4315, a modest but encouraging uptick amid broader market volatility. Nonetheless, ADA price is still down by 35% in the last month.

Tracing the Recent Price Dip and Rebound
ADA price dropped to $0.413 on November 26, a 13.3% drop for the week, because of network problems and less interest in altcoins. Bitcoin’s strong position made things worse, with ADA down over 30% since the start of the year. But things have changed in the last five days. On November 27, it went up 3.5%, with trading volumes reaching $617 million, which suggests people are interested again.

This looks like a typical capitulation situation, where prices bounce back after being oversold. If you own ADA, this might be a welcome change, especially with its market valuation holding steady at $15.48 billion.

On-Chain Metrics Signal ADA Price Resilience
What truly underpins this recovery? On-chain data reveals a network quietly gaining traction. Santiment reports a surge in whale accumulation, with large holders netting 348 million ADA below $0.50 since early November.

The number of daily active addresses is up 8% from last week, around 45,000, and transaction counts are up 15.7% in Q3. Transfer volumes are quiet at $150 million per day, but liquidity is stabilizing. Plus, the total value locked (TVL) in DeFi has hit a three-year high of $320 million, thanks to new dApp integrations.

These metrics point to some underlying strength. Whale buying is balancing out worries from smaller investors, and rising TVL means developers are sticking around. Exchange flows are neutral, with some outflows suggesting people are taking profits. If activity on the network increases, the price rise could be real. If not, low volumes might limit gains.

Sustainable Rally or Deeper Correction Ahead?
So, is it worth holding ADA through this? If Bitcoin stays above $90,000, analysts are cautiously optimistic and think it might reach $0.50 to $0.65 by the end of the year. Whale purchases and TVL growth show that on-chain resilience is strong, which supports the idea of endurance and could even outpace slower rivals. Yet risks persist: persistent network delays could erode sentiment, and a Bitcoin pullback might drag ADA price lower, amid weakening metrics.

In addition, the forthcoming launch of the Midnight sidechain will bring privacy features to Cardano that will enable development of dApps that focus on safeguarding sensitive data. That could increase utility of ADA and help boost the demand and price.

Cardano Price Chart
ADA price is trading around $0.430 on the daily chart, which is below the 20, 50, 100 and 200 SMA, affirming the downside momentum. The pivot mark is at $0.440 and the coin will likely find its initial support at $0.419, with the second one likely at the psychological $0.400.

On the upside, the RSI at 33 is near oversold territory, creating a basis for some gains. Initial resistance will likely be at $0.465. If the price breaches that barrier, the resulting momentum could send the action higher to test $0.485, above the 20-day SMA.

ADA/USD daily chart on November 27, 2025 with support and resistance levels. Created on TradingView

What significant network upgrade is expected to be a key catalyst for ADA’s future?

The upcoming launch of Midnight, a privacy-focused sidechain, in December is anticipated to be a major catalyst. Its success in boosting Total Value Locked (TVL) and adoption is crucial for sustainable growth.

How have whale investors been behaving towards ADA amid the recent low prices?

On-chain data shows that major players, especially whales, are buying up lots of ADA while prices are low. This implies they think it’s a good deal right now.

What do Cardano’s on-chain metrics reveal right now?

Whale activity is up, TVL reached a three-year high of $320M, active addresses rose 8% week-over-week, and transaction numbers increased 15.7% quarter-over-quarter, which points to solid fundamental strength.

This article was originally published on InvestingCube.com. Republishing without permission is prohibited.

16h30 ▪
3
min read ▪ by
Ariela R.

Summarize this article with:

Zcash enters the ETF arena. Grayscale strikes hard by launching the first fund based on a privacy coin in the United States. A bold bet, between technological innovation and regulatory pressure. All the details below !

In brief

Grayscale wants to launch the first American ETF based on Zcash, a cryptocurrency focused on privacy.
This Zcash ETF project raises major regulatory issues related to transaction anonymity.

Grayscale Targets an Unprecedented ETF with Zcash
Grayscale submitted a Form S-3 to the SEC on November 26. The goal: to convert its Zcash Trust into a spot ETF. This strategy would allow listing the fund on the NYSE Arca, following the CoinDesk Zcash Price Index. If the project succeeds, it will be the first American ETF linked to a cryptocurrency focused on privacy.

This new product is part of the continuity of Grayscale’s previous ETFs already approved for:

Bitcoin ;
Ethereum ;
Dogecoin ;
XRP.

The current trust holds about 150 million dollars in ZEC. These assets would therefore migrate into the new structure if the SEC gives the green light.

Is the Crypto ETF Market Finally Opening Up to Privacy?
The ZEC token price has exploded by over 1,000% year-on-year, reaching $735. This increase is accompanied by renewed institutional interest, strengthened by the announcement from the Reliance Group. The latter has moved its entire crypto portfolio to Zcash.

The Zcash ETF would therefore operate according to the classic model: creation and redemption of shares in kind using baskets of ZEC. Grayscale plans annual fees of 2.5%. These are higher than those of Bitcoin ETFs but consistent with the product’s complexity.

Zcash Now Faces the ETF Regulatory Test
Zcash uses zero-knowledge proof technology that masks transaction data. This mechanism, although innovative, raises regulatory questions. Grayscale indeed acknowledges that this privacy could complicate compliance with KYC and AML standards.

The company is thus betting on the simplified S-3 procedure, possible thanks to its past experience and size. However, the SEC could require additional guarantees, given ZEC’s anonymous nature.

In any case, approval of an ETF backed by Zcash would mark a turning point. It would test the limits of integrating privacy-focused crypto-assets into regulated finance. If Grayscale succeeds in this bet, similar projects could quickly follow.

Maximize your Cointribune experience with our "Read to Earn" program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.

Join the program

A

A

Lien copié

Ariela R.

My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

The XRP price is showing early signs of a potential crash, with the Death Cross formation appearing on the daily chart on Thursday, November 27. 

Historically, this technical pattern, which involves the 50-day simple moving average (SMA) crossing below the 200-day one, has coincided with drops of up to 15% for XRP, suggesting a possible slide toward the $1.50 range, based on the current price of $2.17.

In a recent post on X, market analyst Umair noted that the asset is consolidating between $1.90 and $2.08, calling the range “the entire decision maker.” Sustained trading at this level could allow for a month-long consolidation, while a failure to hold could trigger a sharp decline.

XRP Death Cross. Source: TradingView
The same pattern emerged earlier this month, on November 9, when XRP was trading at around $2.33, only to drop to $2.21 by November 17. Last month, on October 2, the omen coincided with a 10.6% pullback on the weekly chart. 

Is XRP struggling again?
The broader cryptocurrency market is seeing notable gains today, with most major coins trading higher amid renewed investor optimism. Bitcoin (BTC), for instance, soared as its total capitalization went from $1.73 trillion to $1.83 trillion, while Ethereum (ETH) rose nearly 4% and remained above the $3,000 mark. 

Meanwhile, XRP continues to struggle, capped under resistance at $2.30. The Relative Strength Index (RSI) sits at 46, pointing to weakened momentum that could persist in the near term. 

Nonetheless, while XRP’s price has steadily fallen since early November, it can be noted that exchange-held reserves have followed suit, indicating a potential inverse relationship between liquidity and investor confidence. That is, declining exchange reserves are often viewed as a bullish long-term signal since reduced supply can limit sell-side pressure.

XRP Ledger Exchange Reserve. Source: Finbold/CryptoQuant

Still, near-term sentiment remains fragile, influenced by macroeconomic uncertainty such as the upcoming Federal Reserve meeting. To boot, the token is currently trading near its two-week moving average, reflecting sideways consolidation rather than a decisive trend reversal.

Featured image via Shutterstock

Bitcoin (BTC) avoided US selling pressure Thursday as US Thanksgiving provided bulls with key relief. 

Key points:

Bitcoin retains $90,000 as support into the Thanksgiving weekend after hitting weekly highs.

BTC price expectations flip bullish, with even $100,000 on the cards again.

Futures markets show a leverage washout laying the foundations for a more sustainable rebound.

BTC price bull targets bring back six figuresData from Cointelegraph Markets Pro and TradingView showed BTC price support holding at $90,000.

BTC/USD four-hour chart. Source: Cointelegraph/TradingView
After reaching weekly highs near $92,000 earlier in the day, BTC/USD enjoyed a respite thanks to the lack of a Wall Street trading session.

Commenting, traders agreed that a crucial resistance battle was now around the corner in the form of the 2025 yearly opening level above $93,000.

“If this levels breaks, Bitcoin is back up to $100K,” crypto trader, analyst and entrepreneur Michaël van de Poppe wrote in a post on X. 

“All in all, a pretty strong bounce upwards. I want to see some consolidation here before we break through this resistance level.” BTC/USD one-day chart. Source: Michaël van de Poppe/X
Analyzing exchange order-book liquidity, trader Daan Crypto Trades identified the area around $97,000 as a particular interest point for an upside target.

“The $97K-$98K is stacked after seeing that consistent and heavy sell off 1-2 weeks back. This created a ton of marginally lower highs, creating such a big liquidity pocket,” he told X followers alongside data from monitoring resource CoinGlass. 

“The $97K-$98K area is also in line with a clear horizontal price level. So overall, a good area to watch.” BTC liquidation heatmap. Source: Daan Crypto Trades/X
Van de Poppe added that he “wouldn’t mind” a retest of $88,000 first, describing the overall crypto bull cycle as “far from over.”

Bitcoin markets take “significant step” to recoveryElsewhere, J. A. Maartunn, a contributor to onchain analytics platform CryptoQuant, had more good news for Bitcoin bulls. 

Spot markets were entering recovery mode, he announced, with taker cumulative volume delta (CVD) edging back to neutral from negative territory.

“That’s a significant step forward!” he commented.

Bitcoin spot taker CVD. Source: Maartunn/X
As Cointelegraph reported, the negative spot taker CVD had formed one of multiple areas of concern for analysts at the start of November, while BTC/USD was still trading above $100,000.

“The Bitcoin market is showing clearer signs—across futures, spot, and on-chain data—that the recent “leveraged phase” is ending and longer-term capital is returning,” fellow CryptoQuant contributor XWIN Research Japan continued in one of its “Quicktake” blog posts Wednesday. 

The post referenced CryptoQuant’s dedicated indicator covering retail investor activity on Bitcoin futures, now copying “past market turning points” by flipping green. 

Bitcoin futures retail investor indicator (screenshot). Source: CryptoQuantThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

TL;DR

Uniswap integrated the Monad Layer 1 to deliver faster swaps, lower costs, and an infrastructure built to handle high-volume activity without friction.
The Monad network brings parallel execution and high throughput, allowing the exchange to expand its multichain strategy without altering the familiar Ethereum tooling.
The integration gives new projects on Monad direct access to liquidity and could boost cross-chain activity across high-performance environments.

Uniswap is integrating Monad and opening a new phase in its multichain strategy. The decision aims to provide a higher-performance infrastructure for traders and liquidity providers, with faster swaps, lower fees, and an environment capable of absorbing activity spikes without friction. The integration gives users access to a Layer 1 that seeks to differentiate itself through speed and full compatibility with the Ethereum tooling ecosystem.

Why Monad?
Monad operates with a parallel execution model and a design focused on maximizing throughput. This approach allows the network to process a high volume of transactions without the latency typically seen in congested chains. For Uniswap, adopting this architecture reinforces a tactical objective: expanding the protocol beyond Ethereum and traditional Layer 2 networks without disrupting the user experience. Its interoperability with existing tooling lowers barriers for developers and shortens deployment times for applications within the Monad ecosystem.

The integration also provides an immediate channel of exposure for emerging projects seeking real user flow. By connecting with Uniswap, any initiative building on Monad gains access to a centralized liquidity point within the DeFi ecosystem, supported by an existing user base that can test new products without complex migrations. This pull-through effect is critical for young chains that need to demonstrate utility and on-chain activity beyond theoretical performance metrics.

Uniswap Could Accelerate Cross-Chain Activity
Uniswap’s plan carries implications for how liquidity is distributed across chains. Adding a high-performance Layer 1 can shift part of the volume toward environments where speed and cost define the operational experience. If swaps execute with less friction and the network maintains stability, cross-chain activity will likely increase, strengthening a market structure where users move more freely between infrastructures without sacrificing efficiency.

Monad, in turn, gains credibility by joining forces with one of the strongest decentralized exchanges in the sector. Uniswap intensifies the competition among new Layer 1s seeking to combine scalability, compatibility, and developer simplicity. The months ahead will be marked by real-world performance tests, liquidity flows, and effective adoption.

Binance XRP reserves slid to about 2.7B tokens after 300M withdrawals, as investors move coins off-exchange despite choppy price action.

Airlines stocks have overcome severe turbulence in 2025 to fly into positive territory. But there's more trouble ahead and the sector needs a strong holiday travel period to hold on to its gains.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of NLY 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.

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.

LOS ANGELES, Nov. 27, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Molina Healthcare, Inc. (“Molina” or “the Company”) (NYSE: MOH) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between February 5, 2025 and July 23, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before December 2, 2025.

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. Molina withheld adverse information about its “medical cost trend assumptions.” The Company suffered from a “dislocation between premium rates and medical cost trend.” The Company was likely to cut its financial guidance for fiscal year 2025. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Molina, 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

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.

About Jamie Ashcroft
Jamie Ashcroft, the News Editor for Proactive UK, has developed an impressive career in financial journalism, focusing on the small-cap sector for over fourteen years. Before joining the Proactive team, he was a stockbroker during the global financial crisis, a role that complemented his educational background - a first-class degree in Business and Economics and qualifications in software design and development.
As one of the early external hires at Proactive in 2009, Jamie contributed... Read more

About the publisher
Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists.

Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth.

We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors.

The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies.

Use of technology
Proactive has always been a forward looking and enthusiastic technology adopter.

Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows.

Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation.

Key Takeaways HOOD trades at a steep P/TB premium versus peers as investors weigh its long-term potential.Product innovation, global expansion and crypto momentum are driving Robinhood's rapid growth.Strategic acquisitions, business diversification and strong cash reserves support HOOD's evolving model.
Robinhood Markets’ (HOOD - Free Report) shares are trading at a massive premium to the industry. At present, the company has a price/tangible book (P/TB) of 14.69X for the trailing 12 months compared with the industry average of 2.93X.

Robinhood’s P/TB TTM
 

Image Source: Zacks Investment Research

Also, HOOD stock is expensive compared with its peers – Charles Schwab (SCHW - Free Report) and Interactive Brokers (IBKR - Free Report) . Schwab and Interactive Brokers have a trailing 12-month P/TB of 7.13X and 1.47X, respectively.

As the stock trades at a lofty premium, investors are left wondering whether the valuation mirrors Robinhood’s long-term opportunity or has it become untethered from today’s fundamentals? Let’s decipher.

Key Factors Driving Robinhood StockProduct Innovation & Global Presence: Robinhood is boosting its growth through aggressive product innovation and global expansion, positioning itself as a next-generation fintech ecosystem.

Major launches include Robinhood Cortex, an AI assistant that allows users to build custom indicators, analyze markets and access real-time AI-driven news insights. The Legend platform enhances advanced trading with futures access, short selling, simulated options returns and nearly 24/5 index options trading. Robinhood Social introduces a verified trading community for sharing strategies and tracking expert portfolios, with copy trading coming soon. Users can now open up to 10 individual accounts for different strategies. Further, banking services and a Gold credit card extend Robinhood’s reach into personal finance, aiming to become a digital banking alternative.

AI integration and rapid product rollouts are driving engagement and monetization through premium tiers. Social and community features aim to boost retention and virality, while expanded trading tools attract both retail and professional users.

Globally, Robinhood is pioneering tokenized U.S. stocks and ETFs across 31 EU and EEA countries, offering 24/5 commission-free trading and plans to tokenize private companies. Broader crypto services, a proprietary blockchain and future global banking products are underway. With new offices in Toronto and plans for Asia-Pacific growth, Robinhood seeks to diversify revenues and establish itself as a global fintech leader blending traditional finance and digital innovation.

Business Diversification Efforts: Robinhood has evolved from a brokerage firm primarily trading in digital assets to a more mature and diversified entity, striving to expand its market reach. Looking at the numbers, in 2021, it mainly relied on transaction-based revenues (almost 75% of total revenues) to generate income. In the first nine months of 2025, this came down to nearly 55%.

HOOD is betting big on the lucrative prediction markets and announced a partnership with Susquehanna International Group to acquire a 90% stake in MIAX Derivatives Exchange (a CFTC-licensed derivatives exchange). Through this, the company intends to launch a dedicated futures and derivatives exchange and clearinghouse by 2026.

Robinhood’s other initiatives underscore its ambition to evolve into a full-scale financial services platform. In February, it acquired TradePMR, an assets under administration custodian and portfolio management platform for Registered Investment Advisors, strengthening its credibility in wealth management and positioning it to compete directly with incumbents like Schwab. In 2024, Robinhood acquired Pluto Capital Inc., integrating its advanced capabilities to revolutionize the investment experience for its users.

Likewise, Interactive Brokers and Schwab have been expanding their product suites aggressively. IBKR has added daily options on European indices and broadened crypto trading capabilities, including stablecoin funding and staking. Interactive Brokers also launched "Connections," a proprietary feature integrating global markets to provide clients access to stocks, options, futures, currencies and bonds across more than 160 markets worldwide.

Meanwhile, Schwab has launched the Schwab Alternative Investments Select platform, offering retail clients with more than $5 million in assets access to a curated selection of private equity, hedge funds, private credit and real estate investment funds. Schwab continues enhancing wealth management with tailored advisory services, expanding access to alternative investments for high-net-worth and ultra-high-net-worth investors.

Focus on Cryptocurrencies: Robinhood’s focus on the cryptocurrency space, through increased tokenization, enhanced platform capabilities and expansion into EU markets, is expected to drive greater cost efficiency and revenue growth. The company is actively pursuing Markets in Crypto-Assets Regulation (MiCA) licenses, which would enable it to offer crypto services across the European Economic Area, expanding its reach to 27 countries.

The acquisition of Bitstamp and the impending WonderFi deal align with this broader strategy. Bitstamp’s core spot exchange, offering more than 85 tradable assets, will significantly strengthen Robinhood’s crypto product suite. Further, WonderFi brings two of Canada’s leading regulated crypto platforms, Bitbuy and Coinsquare, with more than C$2.1 billion in assets under custody. These will enable Robinhood to provide trading, staking and custody services.

As the platform diversifies and enhances its offerings, Robinhood’s cryptocurrency revenues are well-positioned for growth, supported by increasing investor interest in crypto as both a return-generating and diversification tool. Currently, the company supports several major cryptocurrencies, including Bitcoin, Ethereum, Dogecoin, Litecoin, Solana and Toncoin. In the first nine months of 2025, crypto transaction revenues soared 154% year over year to $680 million, driven by impressive trading volume.

Historical Crypto Trading Volume
 

Image Source: Robinhood Markets Inc.

Strong Balance Sheet: Robinhood is on solid ground, with significant cash reserves. As of Sept. 30, 2025, it reported cash and cash equivalents of $4.3 billion.

In 2024, Robinhood announced a share buyback plan (for the first time) to repurchase up to $1 billion of its outstanding common stock. In April, the company increased its existing authorization by $500 million to $1.5 billion.

As of Sept. 30, 2025, almost $690 million worth of shares remained available for repurchase. HOOD plans to complete the remainder of its total authorization over roughly the next two years.

Bullish Analyst Sentiments: Over the past month, the Zacks Consensus Estimate for 2025 and 2026 has been revised upward to $1.95 and $2.27, respectively. This reflects a bullish sentiment among analysts.

Estimate Revision Trend
 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for HOOD’s earnings implies 78.9% and 16.2% year-over-year growth for 2025 and 2026, respectively. Additionally, the consensus mark for 2025 and 2026 revenues suggests a year-over-year jump of 51.2% and 21%, respectively.

Sales Estimates
 

Image Source: Zacks Investment Research

Factors That Could Hurt Robinhood’s ProspectsLitigation & Probes: Robinhood operates in a heavily regulated space, leaving it vulnerable to fines and oversight actions that can constrain growth. Recent probes underscore this risk: Florida is investigating Robinhood Crypto for deceptive marketing, while Lithuania’s central bank is reviewing its tokenized equity products. Between 2023 and 2025, the company also paid more than $80 million in fines across securities violations, identity-verification failures, crypto withdrawal issues and product-oversight shortcomings. Together, these actions highlight Robinhood’s ongoing compliance challenges.

Reliance on Volatile Revenue Streams: A meaningful portion of HOOD’s business is tied to transaction-driven activity, including options trading, equities turnover and especially crypto trading. These categories are highly sensitive to market cycles, investor sentiment and shifts in risk appetite. During periods of volatility or bullish momentum, revenues can surge, but they can fall just as quickly when markets cool, trading volumes fall or retail engagement declines. This creates an inherently uneven earnings profile, making Robinhood’s results less predictable and more exposed to macro and sentiment-driven swings than traditional, fee-based financial firms.

Is Robinhood Stock a Buy Despite Trading at a Premium?Aggressive expansion into new products and markets, exceptional growth in platform assets and user accounts and a favorable operating backdrop are driving HOOD stock higher. Additionally, it joined the S&P 500 Index in September as part of the index’s quarterly rebalancing.

The stock is now one of the index's best year-to-date performers, with a 244.1% surge despite the recent meltdown due to steep drops in Bitcoin and the broader cryptocurrency markets. In comparison, HOOD’s close peers, Schwab and Interactive Brokers, also part of the S&P 500 Index, are not nearly as close.

YTD Price Performance
 

Image Source: Zacks Investment Research

Robinhood’s valuation may look steep, but its premium reflects a business transforming far beyond its brokerage roots. Rapid product innovation, from AI-powered tools and advanced trading features to social investing, continues to deepen engagement and expand monetization. Global efforts, including tokenized U.S. stocks across Europe, further strengthen its positioning as a next-generation fintech platform.

HOOD’s sharp reduction in reliance on transaction-based revenue, alongside major moves into prediction markets, wealth management and crypto infrastructure, highlights a maturing, diversified business model. Further, surging crypto revenues and strategic acquisitions like Bitstamp and TradePMR reinforce long-term growth potential.

With a strong balance sheet, buybacks and rising analyst estimates, Robinhood’s premium increasingly reflects momentum rather than excess. At present, Robinhood sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

LOS ANGELES, Nov. 27, 2025 (GLOBE NEWSWIRE) -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against aTyr Pharma, Inc. (“aTyr” or “the Company”) (NASDAQ: ATYR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company’s securities between January 16, 2025 and September 12, 2025, inclusive (the “Class Period”), are encouraged to contact the firm before December 8, 2025.

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. aTyr and its executives expressed confidence about the forced taper study design for the Phase 3 trial of Efzofitimod. The Company concealed the drug’s capability to let patients taper their steroid usage completely. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about aTyr, 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