Q3: 2025-12-03 Earnings SummaryEPS of $0.35 beats by $0.04
|
Revenue of
$1.21B
(28.75% Y/Y)
beats by $28.90M
Snowflake Inc. (SNOW) UBS Global Technology and AI Conference 2025 December 4, 2025 10:15 AM EST
Company Participants
Sridhar Ramaswamy - CEO & Director
Brian Robins - Chief Financial Officer
Conference Call Participants
Karl Keirstead - UBS Investment Bank, Research Division
Presentation
Karl Keirstead
UBS Investment Bank, Research Division
Okay. Let's get started. Day 4. A ton of familiar faces given that I've been looking at you and you've been looking at me for 4 days now. And you guys should feel good that this many people are here on day 4 after I know because I saw them, many of them were up quite late at the Thirsty Camel bar last night. So heroics to you, guys.
I love having Snowflake here. Sridhar and Brian. And, Brian, by the way, congratulations on the role. Nice to have you here with different stripes. Formidable team, obviously, Snowflake just reported. So we'll have a chance obviously to talk with Brian about some of the aspects of the quarter.
But maybe we'll start with you, Sridhar.So we had you here last year, that was a great discussion we had. When you look back on 2025, what in your judgment were a couple of the things that you thought went really well? And were there any things that didn't quite go as planned?
Question-and-Answer Session
Sridhar Ramaswamy
CEO & Director
Thank you for having me. Great to see all of you. So both last year and this year. The 2 main objectives for the Snowflake team and me were around accelerated project product velocity. And taking these products to market with like a globally dispersed sales team. That's the essence of Snowflake. And people ask me, what do I worry about when it comes to AI making Snowflake better is getting these 2 functions to be better.
Recommended For You
2025-12-04 18:3215h ago
2025-12-04 13:1920h ago
OneStream Named a 5x Leader in the 2025 Gartner Magic Quadrant for Financial Planning Software
OneStream recognized in Leaders' Quadrant for Ability to Execute and Completeness of Vision
, /PRNewswire/ -- OneStream (Nasdaq: OS), the leading enterprise Finance management platform that modernizes the Office of the CFO by unifying core finance and operational functions – including financial close, consolidation, reporting, planning and forecasting, has been recognized as a Leader in the 2025 Gartner® Magic Quadrant™ for Financial Planning Software. Gartner evaluated 14 financial planning software providers based on their Ability to Execute and Completeness of Vision and placed OneStream in the Leaders' Quadrant.
"Finance teams today are expected to manage risk, map the future, and drive business outcomes," said Tom Shea, CEO at OneStream. "To meet that mandate, leaders need a unified, AI-powered platform built for the way Finance works – not a patchwork of modules. Our continued recognition by Gartner as a Leader in financial planning validates our belief that unifying data and AI in a single platform gives Finance a strategic advantage. OneStream empowers Finance teams to navigate market complexity by unifying financial and operational data, and embedding purpose-built AI, so teams can move faster, see further and operate with the precision today's environment demands."
A Recognized Leader in Financial Planning
The Gartner Magic Quadrant for Financial Planning Software is a market research report published by IT research and consulting firm Gartner. As Gartner states in the report, "The mandate for financial planning and analysis (FP&A) transformation continues, requiring the optimization of financial planning processes across complex operations and diverse, decentralized enterprise resource planning (ERP) and operational systems. Organizations are increasingly seeking agile, cloud-native platforms built for enterprise wide scale and high user concurrency, which can extract on-demand, value added insights crucial for driving financial value across the enterprise."
In October, OneStream announced a series of innovations to the OneStream platform, including the integration of AI capabilities within its ESG Planning & Reporting solution. Powered by SensibleAI Forecast and SensibleAI Agents, these capabilities are designed to enable finance teams to forecast consumptive activities, model Scope 1,2, and 3 emissions and align ESG initiatives with financial performance.
Read More About the 2025 Gartner Magic Quadrant for Financial Planning Software
Download a complimentary copy of the 2025 Gartner Magic Quadrant for Financial Planning Software here.
Read the blog post, "OneStream a 5X Leader in the Gartner® Magic Quadrant™ for Financial Planning Software" here.
Gartner Disclaimers
Gartner, Magic Quadrant for Financial Planning Software, By Regina Crowder, Sid Sahoo, Mike Lashinsky, 1 December 2025
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About OneStream
OneStream is how today's Finance teams can go beyond just reporting on the past and Take Finance Further by steering the business to the future. It's the leading enterprise finance platform that unifies financial and operational data, embeds AI for better decisions and productivity, and empowers the CFO to become a critical driver of business strategy and execution.
We deliver a comprehensive cloud-based platform to modernize the Office of the CFO. Our Digital Finance Cloud unifies core financial and broader operational data and processes and embeds AI for better planning and forecasting, with an extensible architecture, so customers can adopt and develop new solutions, achieving greater value as their business needs evolve.
With over 1,700 customers, including 18% of the Fortune 500, a strong ecosystem of go-to-market, implementation, and development partners and over 1,600 employees, our vision is to be the operating system for modern finance. To learn more, visit onestream.com.
MEDIA CONTACT
Jaclyn Proctor
Media Relations Contact
OneStream
[email protected]
SOURCE OneStream, Inc.
2025-12-04 18:3215h ago
2025-12-04 13:1920h ago
Salesforce analysts see AI-driven growth ahead after earnings beat
Salesforce Inc (NYSE:CRM, XETRA:FOO) delivered better-than-expected results for its third quarter of fiscal 2026, with analysts highlighting strong momentum in the company’s AI-focused Agentforce platform and an improving pipeline of customer deals.
Shares of Salesforce surged 3.8% on Thursday afternoon after the cloud software giant reported total revenue of $10.26 billion, roughly in line with Street estimates of $10.27 billion, while non-GAAP earnings per share came in at $3.25, well above the $2.86 expected.
Salesforce also posted record non-GAAP operating margins of 35.5%, exceeding the Street’s 34.1% estimate, as the company continues to invest strategically in AI and Data initiatives.
Wedbush analysts said the results mark “a step in the right direction for CRM with a long way to go as the Agentforce strategy builds incremental momentum,” noting that the company signed 9,500 Agentforce deals—up from 6,000 in the prior period—and grew Agentforce annual recurring revenue to $540 million, a 330% increase year-over-year.
“FY4Q26 guidance came in above Street estimates on the top-line while meeting the Street’s EPS estimate as CRM balances investments into growth with margin expansion and free cash flow generation,” Wedbush added.
Bank of America emphasized that the quarter supports the bull case for an AI-driven acceleration at Salesforce, even if AI revenue has not yet contributed significantly. Analysts said several deal metrics suggest AI will become more material in fiscal 2027, citing a 70% quarter-over-quarter increase in customers live on consumption and strong early Agentic enterprise license agreements.
“Q3 results help bolster the bull case for an AI-driven reacceleration,” Bank of America said, maintaining a Buy rating and $305 price target.
Jefferies highlighted similar trends, pointing to encouraging Agentforce metrics and solid performance in core Sales and Service Clouds. The firm noted that 50% of Agentforce and Data Cloud bookings came from existing customers expanding their usage. “Despite encouraging proof of AF traction, CRM trades at an attractive 43% discount to peers on ’27 FCF,” Jefferies said, adding that the company is on track to accelerate revenue within 12-18 months as Agentforce functionality progresses.
While some segments, including Marketing & Commerce Cloud, Tableau, and Mulesoft, showed slower growth, analysts said the overall outlook remains positive. Salesforce expects fourth-quarter revenue of $11.13 billion to $11.23 billion, above the Street’s $10.91 billion estimate, with EPS guidance in line at $3.02 to $3.04.
2025-12-04 18:3215h ago
2025-12-04 13:2020h ago
Rosen Law Firm Encourages Alvotech Investors to Inquire About Securities Class Action Investigation – ALVO
NEW YORK--(BUSINESS WIRE)--Why: Rosen Law Firm, a global investor rights law firm, announces an investigation of potential securities claims on behalf of shareholders of Alvotech (NASDAQ: ALVO) resulting from allegations that Alvotech may have issued materially misleading business information to the investing public. So What: If you purchased Alvotech securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rose.
2025-12-04 18:3215h ago
2025-12-04 13:2120h ago
Surging Earnings Estimates Signal Upside for American Eagle (AEO) Stock
Investors might want to bet on American Eagle Outfitters (AEO - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this teen clothing retailer, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for American Eagle Outfitters, as there has been strong agreement among the covering analysts in raising estimates.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsFor the current quarter, the company is expected to earn $0.59 per share, which is a change of +9.3% from the year-ago reported number.
Over the last 30 days, the Zacks Consensus Estimate for American Eagle has increased 5.52% because one estimate has moved higher while one has gone lower.
Current-Year Estimate RevisionsFor the full year, the company is expected to earn $1.21 per share, representing a year-over-year change of -30.5%.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for American Eagle. Over the past month, five estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 9.4%.
Favorable Zacks RankThe promising estimate revisions have helped American Eagle earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineWhile strong estimate revisions for American Eagle have attracted decent investments and pushed the stock 41.3% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away.
2025-12-04 18:3215h ago
2025-12-04 13:2120h ago
Earnings Estimates Moving Higher for Silicon Labs (SLAB): Time to Buy?
Investors might want to bet on Silicon Laboratories (SLAB - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
Analysts' growing optimism on the earnings prospects of this chipmaker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Silicon Laboratories, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $0.54 per share for the current quarter, which represents a year-over-year change of +590.9%.
Over the last 30 days, three estimates have moved higher for Silicon Labs compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 123.68%.
Current-Year Estimate RevisionsFor the full year, the company is expected to earn $0.90 per share, representing a year-over-year change of +152.3%.
The revisions trend for the current year also appears quite promising for Silicon Labs, with three estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 15.08%.
Favorable Zacks RankThanks to promising estimate revisions, Silicon Labs currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineSilicon Labs shares have added 6.3% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
2025-12-04 18:3215h ago
2025-12-04 13:2120h ago
Can Perimeter Solutions, SA (PRM) Run Higher on Rising Earnings Estimates?
Perimeter Solutions, SA (PRM - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Analysts' growing optimism on the earnings prospects of this company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Perimeter Solutions, SA, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe earnings estimate of $0.09 per share for the current quarter represents a change of -30.8% from the number reported a year ago.
The Zacks Consensus Estimate for Perimeter Solutions, SA has increased 50% over the last 30 days, as one estimate has gone higher compared to no negative revisions.
Current-Year Estimate RevisionsFor the full year, the earnings estimate of $1.36 per share represents a change of +22.5% from the year-ago number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Perimeter Solutions, SA. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 11.48%.
Favorable Zacks RankThe promising estimate revisions have helped Perimeter Solutions, SA earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LinePerimeter Solutions, SA shares have added 10.3% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
LSB (LXU - Free Report) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this chemical maker, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For LSB, there has been strong agreement among the covering analysts in raising earnings estimates, which has helped push consensus estimates considerably higher for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
12 Month EPS
Current-Quarter Estimate RevisionsThe company is expected to earn $0.18 per share for the current quarter, which represents a year-over-year change of +157.1%.
Over the last 30 days, one estimate has moved higher for LSB compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 102.33%.
Current-Year Estimate RevisionsThe company is expected to earn $0.36 per share for the full year, which represents a change of +56.5% from the prior-year number.
The revisions trend for the current year also appears quite promising for LSB, with one estimate moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 62.15%.
Favorable Zacks RankOur research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom LineInvestors have been betting on LSB because of its solid estimate revisions, as evident from the stock's 14.5% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
2025-12-04 18:3215h ago
2025-12-04 13:2120h ago
Wells Fargo Stock Hits Record High: Buy, Hold or Take Profits?
The U.S. homebuilding industry enters 2026 with a complex mix of headwinds and selective long-term supports. Affordability remains severely strained, buyer psychology is cautious and elevated incentives continue to pressure margins at a time when land costs and upcoming tariff-driven material inflation are set to tighten cost structures further. Demand is highly rate-sensitive, and although mortgage rates have begun to ease, the improvement has not yet translated into consistent conversion as consumers remain wary of economic uncertainty and job stability. Rising construction costs, labor shortages and limited lot availability add to the pressures, restricting pricing flexibility and profitability for the Zacks Building Products - Home Builders industry.
Yet, industry fundamentals suggest resilience. Tight housing supply, eventual Fed easing and a steady underlying demand for homeownership should provide support to the industry over the long term. Builders are increasingly adapting by using mortgage buydown programs and balancing speculative and build-to-order activity to serve varied buyer segments. Leading players like PulteGroup, Inc. (PHM - Free Report) , Green Brick Partners, Inc. (GRBK - Free Report) and Century Communities, Inc. (CCS - Free Report) are further benefiting from disciplined cost controls, operating leverage, diversified models, asset-light strategies and selective acquisitions, positioning them to navigate near-term headwinds while capturing long-term growth opportunities.
Industry Description
The Zacks Building Products - Home Builders industry comprises manufacturers of residential and commercial buildings. Some industry players are involved in providing financial services that include selling mortgages and collecting fees for title insurance agencies, as well as closing services. The industry players are involved in building single-family detached and attached home communities, townhouses, condominiums, duplexes and triplexes, master-planned luxury residential resort-style golf communities, and urban low, mid and high-rise communities. The companies are also involved in the purchase, development and sale of residential land. The companies build and own multi-family rental properties, residential real estate, and oil and gas assets.
3 Trends Shaping the Homebuilding Industry's Future
Economic Uncertainties: The U.S. homebuilding industry remains mired in challenges, with high interest rates, soaring construction costs, and a severe shortage of buildable lots stifling growth. On Oct. 29, 2025, the Federal Reserve reduced interest rates by 0.25 percentage points for the second consecutive meeting, bringing the benchmark rate to a range of 3.75% to 4.00%. Earlier, the Fed had signaled two more rate cuts for the year, but recent remarks from Chair Jerome Powell reflected a more cautious tone. For the U.S. housing market, this shift limits hopes of additional relief, as inflation, high mortgage rates and affordability pressures continue to weigh on demand. At the same time, economists warn that tariffs could worsen inflation, contradicting Trump’s claims that they will benefit the economy. In its September 2025 meeting, the Fed updated its GDP growth forecast for 2025 to 1.6%, up from 1.4%, while still projecting inflation to climb to 3%, driven in part by tariffs. For 2026, it projects 1.8% GDP growth and 2.6% inflation.
Even as mortgage rates remain in the mid-to-upper 6% range so far this year, according to Freddie Mac, the housing market is being crushed under the weight of rising material and labor costs, a dire shortage of buildable lots, and worsening financial strain on homebuilders, forcing many to slash prices and offer desperate sales incentives. The threat of further tariff hikes under the new administration only adds to the uncertainty, with inflationary pressures likely to spiral out of control. To make matters worse, the industry faces a crippling shortage of skilled labor, making it even harder to meet housing demand. With economic instability on the rise, the outlook for the housing market—and the broader economy—remains bleak.
Also, proposals to privatize government-sponsored enterprises like Fannie Mae and Freddie Mac could lead to higher mortgage rates, making it more difficult for buyers to access financing. Builders reliant on stable financing options for their customers may be adversely affected by such shifts.
Lack of Supply & Mortgage Buydown Programs: Anticipated rate cuts, an improving U.S. job market and growing acceptance of the new mortgage rate benchmark are expected to stabilize the housing market in 2026.
There is a sizable shortage of new and existing homes after more than a decade of under-building compared with population growth. Low housing inventory, the desire to own a home and favorable demographic trends have been propelling growth in the new home market. Homebuilders anticipate this momentum to persist in the long run, buoyed by these factors. The economy's resilience, driven by steady job and income expansion, coupled with a surge in household formation surpassing pre-pandemic levels, underpins optimistic projections for the market's fundamental support in the coming months.
Meanwhile, the increased use of mortgage rate buydowns — temporary interest rate reductions offered along with the purchase of a new home to ease borrowers into the full mortgage payment for the beginning of a loan term — has been driving demand. Buydowns appear to be more of a marketing tool to offset the salience of high mortgage rates. The companies are also effectively managing a balance between speculative and build-to-order approaches to drive growth by maintaining a strategic mix and responding to market conditions.
Cost-Control Efforts, Focus on Entry-Level Buyers, Acquisitions & Adoption of Technology: Given the accelerated raw material prices, companies have been relying on effective cost control and focusing on making the homebuilding platform more efficient, which is resulting in higher operating leverage. Homebuilders have been controlling construction costs by designing homes efficiently and obtaining construction materials and labor at competitive prices. Some homebuilders also follow a dynamic pricing model, which enables them to set the price according to the latest market conditions. The majority of companies are focused on the growing demand for entry-level homes and addressing the need for lower-priced homes. Meanwhile, industry players have been acquiring other homebuilding companies in desirable markets, resulting in improved volumes, market share, revenues and profitability.
Meanwhile, the adoption of technology in construction presents a key opportunity for homebuilders in 2026. The integration of generative AI, robotics, and 3D printing can improve efficiency, reduce labor costs, and speed up project timelines. Builders who embrace these innovations can streamline operations, address labor shortages, and improve quality, ultimately gaining a competitive advantage in the market.
Zacks Industry Rank Indicates Bleak Prospects
The Zacks Building Products - Home Builders industry is a 19-stock group within the broader Zacks Construction sector. The industry currently carries a Zacks Industry Rank #212, which places it in the bottom 12% of more than 250 Zacks industries.
The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry’s positioning in the bottom 50% of the Zacks-ranked industries is a result of a lower earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group’s earnings growth potential. Since August 2025, the industry’s earnings estimates for 2025 and 2026 have decreased to $8.77 per share (from $8.92) and $8.92 per share (from $9.38), respectively.
Despite the industry’s blurred near-term view, we will present a few stocks that one may consider adding to their portfolio. Before that, it’s worth taking a look at the industry’s shareholder returns and current valuation.
Industry Lags Sector and S&P 500
The Zacks Building Products - Home Builders industry has underperformed the S&P 500 Index and the broader Zacks Construction sector in the past year.
In the past year, the industry has plunged 14.8% compared with the broader sector’s 7.8% growth. The Zacks S&P 500 Composite has risen 15.2% over this period.
One-Year Price Performance
Industry's Current Valuation
On the basis of the forward 12-month price-to-earnings ratio, which is commonly used for valuing homebuilding stocks, the industry is currently trading at 12.34 compared with the S&P 500’s 23.44 and the sector’s 19.2.
Over the last five years, the industry has traded as high as 12.52X and as low as 4.20X, with a median of 9.16X, as the chart below shows.
Industry’s P/E Ratio (Forward 12-Month) vs. S&P 500
Industry’s P/E Ratio (Forward 12-Month) vs. Sector
3 Homebuilding Stocks in Focus
We have selected three stocks from the Zacks homebuilding space that are navigating challenges with the company-specific tailwinds. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Green Brick Partners: This third-largest builder in Dallas–Fort Worth is a diversified homebuilder and land developer operating in Texas, Georgia and Florida. Green Brick Partners has been gaining from its strategic expansion, particularly through the Trophy brand’s momentum in Texas and its entry into Houston, which broadens exposure to high-demand markets. A strong pipeline of low-cost, well-located lots provides a structural advantage, enabling pricing flexibility even in an affordability-challenged environment. The company continues to improve operational efficiency through faster construction cycle times, stable labor availability and declining material costs, all of which support a consistent sales pace in the last reported third-quarter 2025. Its mortgage arm is also scaling across more markets, boosting buyer affordability and strengthening conversions. Backed by a disciplined land strategy and a solid balance sheet, these factors collectively fuel a steady growth prospect despite macro pressures.
Green Brick Partners— a Zacks Rank #2 (Buy) stock — has lost 0.9% in the past year but jumped 6.7% in the past month. GRBK stock has seen an upward estimate revision for 2025 and 2026 earnings to $6.91 per share (from $6.40) and $6.89 per share (from $6.77) over the past 60 days, respectively. The Zacks Consensus Estimate for its 2025 and 2026 earnings per share (EPS) is expected to register a 18.2% year-over-year decline and a 0.3% decline, respectively. Meanwhile, this company surpassed earnings estimates in three of the trailing four quarters, the average being 13.2%. GRBK has a trailing 12-month Return on Equity (ROE) of 20.1%.
Price and Consensus: GRBK
Century Communities: Century Communities, based in Greenwood Village, CO, designs, develops, builds, markets and sells single-family attached and detached homes. The company is expanding its community count, deepening its presence in existing markets and benefiting from strong demographic-driven demand for affordable new homes despite a cautious consumer backdrop. Its disciplined cost-focus—reflected in lower direct construction expenses, improved cycle times and efficiency gains in the third quarter of 2025—enhances competitiveness and frees capacity for future expansion. Strong customer satisfaction is also helping generate referrals and reduce warranty-related costs. Additionally, steadier land positions, favorable supplier partnerships and the rising adoption of adjustable-rate mortgages are helping address affordability and sustain buyer interest.
Century Communities— a Zacks Rank #2 stock — has lost 25% in the past year but jumped 9% in the past month. CCS stock has seen an upward estimate revision for 2025 earnings to $5.64 from $5.36 per share over the past 60 days. The Zacks Consensus Estimate for its 2025 EPS is expected to register a 49% year-over-year decline but 34% growth for 2026. Meanwhile, this company surpassed earnings estimates in three of the trailing four quarters and missed on the other occasion, the average being 20.4%.
Price and Consensus: CCS
PulteGroup: PulteGroup’s prospects remain constructive, supported by its diversified footprint, strong brand positioning and operational discipline. Demand trends are competitive, yet the company continues to benefit from broad exposure across multiple buyer groups, with the active-adult segment showing notable resilience due to robust interest in lifestyle-focused communities. Stabilizing conditions in key regions such as Florida and the Southeast also provide a favorable backdrop, while easing land-development costs and disciplined land strategies enhance long-term growth potential. Improved build cycles help the company manage inventory efficiently and respond quickly to demand shifts. Although buyer caution and affordability pressures persist, PulteGroup’s scale, balanced mix and strong land pipeline position it well to capitalize on any improvement in confidence and rates.
PulteGroup— a Zacks Rank #3 (Hold) stock — has gained 1.9% in the past year and jumped 9.1% in the past month. PHM stock has seen an upward estimate revision for 2025 EPS to $11.35 per share (from $11.34) over the past 60 days. The Zacks Consensus Estimate for 2025 EPS is expected to register a 22.7% year-over-year decline and a 1% decline for 2026. Meanwhile, this company surpassed earnings estimates in all the trailing four quarters, the average being 4.8%. PHM has a trailing 12-month ROE of 19.6%.
Price and Consensus: PHM
2025-12-04 18:3215h ago
2025-12-04 13:2220h ago
Hovnanian Enterprises Swings to Loss as Hesitant Homebuyers Squeeze Margins
SummaryWendy's is rated a buy, with turnaround potential after a ~50% stock drop, backed by their new efforts to revitalize the brand.WEN's Project Fresh targets 200–350 underperforming US closures, brand revitalization, and digital/AI initiatives, aiming to restore sales and customer satisfaction.International markets delivered 8.6% sales growth recently, offsetting some of the US weakness, with the solid free cash flow supporting a sustainable 6.6% dividend yield.Valuation implies an intrinsic value above current levels, with upside from Project Fresh, rate cuts, and international expansion, despite ongoing leadership and macro risks. jetcityimage/iStock Editorial via Getty Images
Introduction & Financials The Wendy's Company (WEN) is undergoing a significant turnaround, and with the stock down about 50% over the past year due to several concerns, getting to a point where the stock seems oversold.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in WEN over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
Recommended For You
2025-12-04 18:3215h ago
2025-12-04 13:2520h ago
PepsiCo Nears Settlement With Activist Investor Elliott
ROCKVILLE, Md., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Capital Bank, N.A. announced today the expansion of its Small Business Administration (SBA) team with the addition of several experienced SBA professionals. This strategic move enhances the bank’s SBA capabilities and positions Capital Bank to grow its national presence in small business lending.
Leading the expanded group is Kirk Beason, Head of SBA, an accomplished SBA and credit executive with more than two decades of experience managing government-guaranteed lending programs. Kirk has held senior leadership roles overseeing SBA, USDA, and commercial credit functions, known for improving credit discipline, strengthening processes, and driving strong portfolio performance. His strategic insight and operational leadership will guide the continued development of Capital Bank’s nationwide SBA platform.
Joining him is Heidi Whitesell, SBA Sales Executive, an industry-recognized SBA leader with extensive experience building and leading national sales teams. Heidi has served in executive-level SBA roles, including President and COO of a national SBA lender, where she oversaw sales, operations, and production. Her leadership, national relationships, and deep SBA expertise will accelerate business development and expand Capital Bank’s reach with small business owners across the country.
Ninel Struzska, Senior Credit Officer, has joined the bank with more than 25 years of SBA and commercial credit experience, strengthening the ability to make informed, well-structured lending decisions for business customers. In addition, Raquel Zippilli, SBA Relationship Liaison, is coming onboard to support due diligence and coordination across SBA loan programs.
“This expansion represents a deliberate investment in the future of our SBA business,” said Steven Poynot, President and COO. “With the depth of talent joining our team, we are better positioned to serve entrepreneurs with the speed, insight, and partnership they expect from a leading national lender.”
About Capital Bank
Capital Bancorp, Inc., Rockville, Maryland is a registered bank holding company incorporated under the laws of Maryland. Capital Bancorp has been providing financial services since 1999 and now operates bank branches in seven locations including Washington D.C., Reston, VA, Ft. Lauderdale, FL, Rockville, MD, Columbia, MD, Raleigh, NC, and N. Riverside, IL. Capital Bancorp had assets of approximately $3.4 billion as of September 30, 2025 and its common stock is traded in the NASDAQ Global Market under the symbol “CBNK.”
CONTACT INFORMATION
Capital Bank, NA
Media Contact:
Byron Stevens [email protected]
2025-12-04 18:3215h ago
2025-12-04 13:2620h ago
Halozyme Wins Preliminary Injunction Against Merck's Keytruda SC in Germany
, /PRNewswire/ -- Halozyme Therapeutics, Inc. (NASDAQ: HALO) (Halozyme), announced today that a German court has granted its request for a preliminary injunction ordering Merck to refrain from distributing and offering Keytruda SC in Germany.
The Munich Regional Court's 7th Civil Division found that there is imminent infringement for Keytruda SC in Germany regarding one of Halozyme's MDASE™ patents in Europe, European Patent No. 2 797 622 (EP 622). As a consequence, Merck's launch activities for Keytruda SC in Germany that are within the scope of the order must be halted. Although the preliminary injunction decision is appealable, Halozyme believes the order will withstand attack if appealed. Separate nullity proceedings against this patent initiated by Merck in August 2025 are pending before the German Federal Patent Court.
Importantly, patients who want to use Keytruda will have access to the IV version of Keytruda, which is not covered by Halozyme's patent or the court's injunction order.
"We are very pleased the German court followed our arguments on the validity and infringement of one of our European MDASE patents and granted a preliminary injunction against Merck's imminent infringement of our patent. The MDASE technology was developed through years of rigorous research to enable rapid, high-volume subcutaneous drug delivery," said Mark Snyder, chief legal officer of Halozyme. "We are committed to vigorously defending and enforcing our MDASE patents and are confident that we will prevail at trial."
The German proceedings are part of Halozyme's global enforcement of its MDASE™ patents against infringement by Merck's Keytruda SC. Halozyme has also sued Merck for patent infringement in U.S. federal district court in New Jersey. In that case, Halozyme alleges the subcutaneous formulation of Keytruda, which is being marketed in the U.S. as QLEX, infringes 15 patents that Halozyme filed beginning in 2011 to protect its MDASE™ technology. The patents at issue arise from Halozyme's extensive research into nearly 7,000 modifications to human hyaluronidases. Among their uses, these hyaluronidases pioneered by Halozyme provide a mechanism for the rapid SC administration of therapeutic drugs. Halozyme's comprehensive studies and innovations were a significant advancement to the field of human-derived hyaluronidases.
The MDASE™ patents are not included in Halozyme's ENHANZE® licensing program and are distinct from its ENHANZE® patents. Therefore, the outcome of the infringement lawsuit against Merck will not impact ENHANZE®, the ability of any licensee to use ENHANZE®, or revenues Halozyme receives from ENHANZE® licensees.
About Halozyme
Halozyme is a biopharmaceutical company advancing disruptive solutions to improve patient experiences and outcomes for emerging and established therapies.
As the innovators of ENHANZE® drug delivery technology with the proprietary enzyme rHuPH20, Halozyme's commercially validated solution facilitates the subcutaneous delivery of injected drugs and fluids, reducing treatment burden and improving convenience. ENHANZE® has touched more than one million patient lives through ten commercialized products across over 100 global markets and is licensed to leading pharmaceutical and biotechnology companies including Roche, Takeda, Pfizer, Janssen, AbbVie, Eli Lilly, Bristol-Myers Squibb, argenx, ViiV Healthcare, Chugai Pharmaceutical, Acumen Pharmaceuticals, and Merus N.V.
Halozyme is also developing Hypercon™ to expand the breadth of its drug delivery technology portfolio. Hypercon™ is an innovative microparticle technology that is expected to set a new standard in hyper concentration of drugs and biologics that can reduce the injection volume for the same dosage and expands opportunities for at-home and health care provider administration. The addition of Hypercon™ enhances our ability to transform the patient treatment experience by enabling the creation and delivery of highly concentrated biologics, substantially broadening the scope of therapeutics that can be delivered subcutaneously. The Hypercon™ technology has been licensed to leading biopharmaceutical partners, including Johnson & Johnson, Eli Lilly, and argenx.
Halozyme also develops, manufactures, and commercializes drug-device combination products using advanced auto-injector technologies designed to improve convenience, reliability, and tolerability, enhancing patient comfort and adherence. The Company has two proprietary commercial products, Hylenex® and XYOSTED®, partnered commercial products, and ongoing development programs with Teva Pharmaceuticals and McDermott Laboratories Limited, an affiliate of Viatris Inc.
Halozyme is headquartered in San Diego, CA, with offices in Ewing, NJ; Minnetonka, MN; and Boston, MA. Minnetonka is also the site of its operations facility.
For more information, visit www.halozyme.com and connect with us on LinkedIn and Twitter.
Safe Harbor Statement
In addition to historical information, the statements set forth above include forward-looking statements including, without limitation, statements concerning the possible activity, benefits and attributes of Halozyme's ENHANZE® and MDASE™ drug delivery technologies, the possible method of action of these technologies, their potential application to aid in the dispersion and absorption of other injected therapeutic drugs, and statements concerning certain other potential benefits of these technologies including facilitating more rapid delivery of high-volume injectable medications through subcutaneous delivery and potentially easing the treatment burden for patients and improving patient outcomes. These forward-looking statements include statements with respect to the decision of the Munich Regional Court's 7th Civil Division to issue a preliminary injunction against Keytruda SC in Germany, any appeal of the preliminary injunction, nullity proceedings, and statements with respect to the strength and validity of Halozyme's intellectual property. These forward-looking statements also include statements with respect to Halozyme's patent infringement suit against Merck Sharp & Dohme, Corp., to enforce Halozyme's patent rights, including Halozyme's allegation that Merck's SC Keytruda infringes multiple Halozyme patents and Halozyme's belief that the outcome of the lawsuit will not impact its ENHANZE® licensing program or the revenues Halozyme receives from ENHANZE® licensees. These forward-looking statements involve risks and uncertainties beyond Halozyme's control that could cause actual results to differ materially from those in the forward-looking statements. The forward-looking statements are typically, but not always, identified through use of the words "expect," "believe," "enable," "may," "will," "could," "intends," "estimate," "anticipate," "plan," "predict," "probable," "potential," "possible," "should," "continue," and other words of similar meaning. Actual results could differ materially from the expectations contained in forward-looking statements as a result of several factors and Halozyme can offer no assurance with respect to such forward-looking statements and cautions the reader not to place undue reliance on these forward-looking statements. In particular, there can be no assurance as to developments related to the litigation referred to in this press release, the outcome of the litigation or any remedies that could be awarded in connection with the litigation. Actual results could also differ materially from expectations contained in this press release as a result of other risks and uncertainties including those related to future decisions by the courts in Germany with respect to the preliminary injunction referred to in this press release, the strength, enforceability and validity of our patents, future revenues and the cost of litigation. These and other factors that may result in material differences from the forward-looking statements contained in this press release are discussed in greater detail in Halozyme's most recent Annual and Quarterly Reports filed with the Securities and Exchange Commission. Except as required by law, Halozyme undertakes no duty to update forward-looking statements to reflect events after the date of this release.
Key Takeaways Fifth Third opened its 200th Florida and 100th Carolinas centers, reaching Southeast expansion milestones.
FITB has opened 172 branches since 2018 and plans more than 50 new sites by 2025-end to fuel ongoing growth.Fifth Third expects Southeast expansion to add $15-$20B in deposits.
Fifth Third Bancorp (FITB - Free Report) has reached a milestone for its Southeast expansion strategy, with the opening of its 200th financial center in Florida and its 100th in the Carolinas, strengthening its fast-growing retail presence across key high-growth markets in the region.
Jamie Leonard, chief operating officer at Fifth Third, stated, “These milestones reflect our disciplined approach to growth and our commitment to making banking easier and more personalized through innovative technology and local expertise.”
Details of FITB’s Latest Southeast ExpansionFifth Third’s regional growth has accelerated significantly over the past year. The company now operates more than 1,100 banking centers nationwide, a number expected to expand even further following the anticipated closing of its Comerica acquisition in early 2026.
The bank’s newest locations, Champions Crossing in Davenport, FL, and Weaverville near Asheville, NC, demonstrate Fifth Third’s continued commitment to offering strong banking experiences and deepening its presence across growing Southeastern communities.
Florida remains one of the bank’s most important markets, with Champions Crossing becoming the Bank’s 200th financial center in the state. The new location offers consumer, commercial, and wealth management services and strengthens Fifth Third’s presence across Central Florida.
The opening of the 100th financial center in the Carolinas further strengthens FITB’s reach across a fast-expanding economic corridor, as the Weaverville location near Asheville meets the rising demand for personalized financial services and supports its efforts to build long-term relationships in both metropolitan and emerging suburban areas.
FITB Bets Big on Southeast ExpansionFifth Third’s Southeast expansion strategy, launched in 2018, has rapidly reshaped its regional presence. Since then, the company has opened 172 de novo branches, upgraded 71 financial centers, expanded into 14 new markets, and added 688 team members to its Consumer Bank. The momentum shows no signs of slowing, with more than 50 locations set to open by 2025-end.
The bank’s ambitions extend well beyond the Southeast. By 2029, Fifth Third plans to establish 150 locations across Texas. When combined with Comerica’s footprint, this expansion positions the Bank to secure top-five market share in Dallas, Houston and Austin.
Looking ahead to 2030, more than half of Fifth Third’s retail footprint is expected to be concentrated across the Southeast, Texas and Arizona. The bank estimates its Southeast growth alone to generate $15-$20 billion in deposits over the next seven years.
This strategy is anchored in a commitment to customer-centric banking, blending modern digital capabilities with strong local expertise. Fifth Third’s redesigned financial centers are built to operate as community hubs that provide consumer banking, commercial services, wealth management and small-business support. Expansion decisions are driven by advanced analytics, including its proprietary Market Strength Index and geospatial heat-map technology, which help it identify high-opportunity locations and support long-term, sustainable growth.
FITB’s Price Performance & Zacks RankIn the past six months, FITB shares have gained 17.3% compared with the industry’s growth of 19.9%.
Image Source: Zacks Investment Research
Currently, FITB carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Similar Steps Taken by Other Financial FirmsIn November 2025, The PNC Financial Services Group, Inc.’s (PNC - Free Report) banking subsidiary, PNC Bank, N.A. announced plans to open more than 300 new branches by 2030, increasing its total branch investment to about $2 billion.
The new initiative extends PNC’s retail expansion to nearly 20 U.S. markets, including Nashville, Chicago, Sarasota, and Winston-Salem. The bank also reaffirmed its plan to renovate 100% of its branch network by 2029 and hire over 2,000 new employees to support growth and customer service efforts by 2030.
In September 2025, F.N.B. Corp.’s (FNB - Free Report) main subsidiary, First National Bank, unveiled its plan to add about 30 new branches to its existing network over the next five years. These new branches will accelerate the company’s ongoing expansion in North Carolina, South Carolina and the Bank's Mid-Atlantic Region, including Maryland, Virginia and Washington, D.C.
This move builds on FNB’s successful expansion strategy in South Carolina, where it has heavily invested in Greenville and Charleston. It has already opened five branches and approximately 160 branded ATMs and downtown regional hubs that offer services in Commercial Banking, Commercial Real Estate, Small Business, Wealth Management and Mortgage.
2025-12-04 18:3215h ago
2025-12-04 13:2620h ago
CRCL's Accelerating USDC Adoption Drives Top Line: What's Ahead?
Key Takeaways CRCL's prospects improve as USDC circulation jumps 108% year over year to $73.7B in Q3.USDC activity accelerates with 580% volume growth and adoption across payments, trading and DeFi.The expanding Circle Payments Network boosts USDC use while competition intensifies from COIN and FISV.
Circle Internet Group’s (CRCL - Free Report) prospects are riding on the growing adoption of USDC stablecoin. As of Nov. 28, $76.44 billion worth of USDC was in circulation. In the third quarter of 2025, USDC circulation climbed 108% year over year to $73.7 billion, led by deeper institutional usage and broader integration across blockchain networks. This rapid expansion helped Circle boost its stablecoin market share to 29%, while USDC accounted for 40% of all stablecoin transaction volumes, a clear indication of strengthening network effects.
This momentum is further visible in soaring on-chain activity. USDC transaction volumes grew sharply (580% year over year in the third quarter of 2025) as adoption accelerated across payments, trading, capital markets and decentralized finance (DeFi). Circle’s Cross-Chain Transfer Protocol has emerged as a trusted, efficient way to move digital dollars across blockchain networks, helping attract major partners like Visa, Deutsche Börse, Kraken, Finastra and global banks.
Meanwhile, the rapid expansion of the Circle Payments Network (CPN) is opening new corridors for USDC payments. As CPN scales across multiple regions, the ease of using USDC for everyday financial flows is rising, reinforcing adoption and strengthening Circle’s network effects.
This accelerating adoption is translating into steady financial gains. CRCL’s position remains encouraging as institutional demand climbs, regulatory clarity strengthens and CPN expands globally. The Zacks Consensus Estimate for 2026 indicates that revenues will increase 18% year over year to $3.22 billion, highlighting USDC’s growing adoption, becoming a powerful tailwind for CRCL’s long-term trajectory.
CRCL Faces Stiff Competition in the Stablecoin MarketCoinbase Global (COIN - Free Report) has emerged as one of CRCL’s closest competitors in the stablecoin domain. Strengthened by rising USDC balances and a clearer regulatory climate, Coinbase leverages deep partnerships and strong financial resources. COIN’s initiative to buy BVNK for $2 billion — the largest stablecoin deal — highlights its push to boost stablecoin payments and intensify competition with CRCL.
Fiserv (FISV - Free Report) is emerging as a key challenger to CRCL by launching its own fiat-backed stablecoin, FIUSD. Leveraging its vast banking and payments network, Fiserv integrates tokenization directly into its existing infrastructure, giving it instant scale over CRCL. Backed by projects like North Dakota’s Roughridercoin and broad network partnerships, Fiserv delivers regulated, bank-integrated stablecoin services, reinforcing Fiserv’s competitive edge over CRCL.
CRCL’s Share Price Performance, Valuation & EstimatesIn the trailing six-month period, Circle’s stock has returned 1%, lagging behind the broader Zacks Finance sector, which returned 9.9%, but outperforming the Zacks Financial - Miscellaneous Services industry, which declined 0.5%.
CRCL’s 6-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CRCL appears overvalued, trading at a forward 12-month price-to-sales ratio of 6.39, higher than the industry's average of 3.26. The company carries a Value Score of D.
CRCL’s Valuation
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for 2025 earnings is pegged at a loss of 87 cents per share, narrower than the loss of $1.94 projected 30 days ago. The consensus estimate for 2026 earnings is currently pegged at 92 cents per share, unchanged over the past 30 days.
Image Source: Zacks Investment Research
Circle currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2025-12-04 18:3215h ago
2025-12-04 13:2820h ago
AMD chief says company ready to pay 15% tax on AI chip shipments to China
Advanced Micro Devices CEO Lisa Su on Thursday said the company has licenses to ship some of its MI 308 chips to China and is prepared to pay a 15% tax to the U.S. government if it ships them.
2025-12-04 18:3215h ago
2025-12-04 13:2820h ago
Donaldson Company, Inc. (DCI) Q1 2026 Earnings Call Transcript
Donaldson Company, Inc. (DCI) Q1 2026 Earnings Call December 4, 2025 10:00 AM EST
Company Participants
Sarika Dhadwal - Director of Investor Relations
Tod Carpenter - Chairman, CEO & President
Brad Pogalz - Chief Financial Officer
Richard Lewis - Chief Operating Officer
Conference Call Participants
Bryan Blair - Oppenheimer & Co. Inc., Research Division
Angel Castillo Malpica - Morgan Stanley, Research Division
Adam Farley - Stifel, Nicolaus & Company, Incorporated, Research Division
Brian Drab - William Blair & Company L.L.C., Research Division
Laurence Alexander - Jefferies LLC, Research Division
Timothy Thein - Raymond James & Associates, Inc., Research Division
Robert Mason - Robert W. Baird & Co. Incorporated, Research Division
Presentation
Operator
Hello, and thank you for standing by. My name is Tiffany, and I will be your conference operator today. At this time, I would like to welcome everyone to the Donaldson Company Q1 FY '26 Earnings Webcast. [Operator Instructions] I would now like to turn the call over to Sarika Dhadwal, Head of Investor Relations. Sarika, please go ahead.
Sarika Dhadwal
Director of Investor Relations
Good morning. Thank you for joining Donaldson's First Quarter Fiscal 2026 Earnings Conference Call. With me today are Tod Carpenter, Chairman, President and CEO; Brad Pogalz, Chief Financial Officer; and Rich Lewis, Chief Operating Officer. This morning, Tod and Brad will provide a summary of our first quarter performance and our outlook for fiscal 2026.
During today's call, we will discuss non-GAAP or adjusted results. First quarter 2026 non-GAAP results exclude a pretax gain on the sale of fixed assets of $9.3 million and a pretax charge of $5 million for restructuring and other charges primarily related to footprint optimization and cost reduction initiatives. A reconciliation of GAAP to non-GAAP metrics is provided within the schedules attached to this morning's press release.
Additionally, please keep in mind that any forward-looking statements
Recommended For You
2025-12-04 18:3215h ago
2025-12-04 13:2820h ago
PTC Therapeutics, Inc. (PTCT) Presents at Citi Annual Global Healthcare Conference 2025 Transcript
PTC Therapeutics, Inc. (PTCT) Citi Annual Global Healthcare Conference 2025 December 4, 2025 10:30 AM EST
Company Participants
Matthew Klein - CEO & Director
Conference Call Participants
Geoffrey Meacham - Citigroup Inc., Research Division
Jarwei Fang
Presentation
Geoffrey Meacham
Citigroup Inc., Research Division
[Audio Gap] My name is Geoff Meacham. I'm the senior biopharma analyst here, and I have Jarwei Fang from my team on here as well. We're thrilled today to have PTC Therapeutics. With us on stage is Matt Klein, CEO. Matt, welcome. Good to see you.
Matthew Klein
CEO & Director
Thanks Geoff. Great to be here.
Geoffrey Meacham
Citigroup Inc., Research Division
So lots of questions on Sephience and on your R&D Day. But maybe just for those on the webcast, just give us a bit of a quick background or overall, and then we can get right into it.
Matthew Klein
CEO & Director
Yes, absolutely. So PTC is a global biopharmaceutical company. We are focused in rare diseases and other disorders of high unmet need. We have a robust commercial portfolio with 6 products that we market around the globe as well as an innovative R&D pipeline highlighted by our differentiated oral small molecule splicing programs.
2025 has been an incredibly successful year for us, highlighted by the U.S. and EU approval of Sephience, our oral therapy for PKU. As we shared at Q3 earnings, the launch is off to an incredibly strong start. And I'm proud to report we're seeing continued strong momentum into the fourth quarter. And as we've described, this is really a foundational product for PTC that will lead us to cash flow breakeven and beyond in the near future. So really excited to get into the questions and talk about the launch.
Question-and-Answer Session
Geoffrey Meacham
Citigroup Inc., Research Division
Yes. Yes. Let's do
Recommended For You
2025-12-04 18:3215h ago
2025-12-04 13:3020h ago
Gravity IT Resources Joins the Workday Partner Program
FORT LAUDERDALE, Fla., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Gravity IT Resources, a specialized provider of technology staffing solutions, announced it has joined the Workday Partner Program. As a certified Workday Staffing Partner, Gravity IT Resources can leverage its referral-based talent attraction programs to attract top certified Workday consultants and sponsor non-certified Workday professionals in obtaining the latest certifications. This will help deploy top-tier staff augmentation talent across the Workday ecosystem.
Gravity IT Resources offers comprehensive onshore & nearshore staffing solutions for organizations and deployment partners in the Workday ecosystem. By leveraging a deep understanding of the platform, Gravity supplies Workday consultants across a range of skill sets including Extend, Prism, Integration & Report developers, solutions architects, project managers, and business analysts. This expertise helps clients maximize the value of their Workday investment and advance their digital transformation objectives.
As a Workday Partner, Gravity IT Resources can provide specialized talent for Workday Human Capital Management (HCM), Workday Payroll, Workday Talent Optimization, and Workday People Analytics. The firm’s innovative referral-driven sourcing methodology and culture-focused approach helps secure an ideal match for both technical requirements and team dynamics, helping clients build effective and high-performing teams.
“Joining the Workday partner program allows us to deliver even greater value to our clients by providing the specialized talent needed to drive successful Workday initiatives,” said Rick Connolly, CEO at Gravity IT Resources. “Our focus has always been on delivering high-quality IT professionals who not only possess the right skills but also align with our clients’ culture. This partnership strengthens our ability to help organizations effectively leverage their Workday platform to meet critical business goals.”
About Gravity's ERP Practice
Gravity IT Resources dedicated ERP practice offers tailored ERP solutions to optimize enterprise resource planning for diverse organizations. Our ERP practice combines technical expertise with strategic leadership to support Workday and platforms. We provide program advisory, consulting, & specialized staffing in both onshore and nearshore models to achieve economic value and quality for our clients.
Using a custom referral-driven sourcing model, we deliver qualified professionals aligned with technical needs and organizational culture. Our proven methodology addresses ERP challenges with independent advisory, realistic planning, and strategic talent placement to ensure cost efficiency and timely execution.
About Gravity IT Resources
Gravity IT Resources, headquartered in Fort Lauderdale with offices nationwide, is a leading Human Capital Management company. Recognized as an Inc. 5000 award winner for the past seven years and certified as a Great Place to Work for past four years, we are proud of our exceptional workplace culture. We’ve also been named on SIA’s Fastest-Growing Staffing Firms list for the last two consecutive years, highlighting our industry leadership and growth.
We offer flexible delivery models, including contract, contract-to-hire, direct hire, nearshore staff augmentation, managed team services, and executive search. Learn more about our practices, career opportunities, and culture at https://www.gravityitresources.com/.
Key Takeaways Moody's raised Kimco's senior unsecured credit rating to A3, with a stable outlook.The upgrade reflects steady grocery-anchored assets, strong NOI and disciplined leverage.The move boosts investor confidence and supports Kimco's redevelopment efforts.
Kimco Realty (KIM - Free Report) has received a meaningful boost after Moody’s Ratings upgraded its senior unsecured credit rating to A3 from Baa1, with a stable outlook. The move strengthens Kimco’s credit profile and positions it to access debt at more favorable rates, an advantage as the REIT continues to pursue redevelopment and growth projects.
Moody’s pointed to the consistency of Kimco’s grocery-anchored shopping-center portfolio, its solid same-property NOI performance and strong leasing spreads. The agency also highlighted Kimco’s disciplined balance sheet, including moderate leverage and strong liquidity, which together support the company’s ability to meet obligations while investing in its portfolio.
These strengths ultimately pushed the ratings, and Kimco is now set apart among REITs for belonging to a select cohort with A-level ratings from top agencies. This has bolstered investor confidence and will likely ease future borrowing.
KIM: Our TakeKimco’s third-quarter 2025 results reveal a pro-rata portfolio occupancy improvement of 30 basis points sequentially to 95.7%, while small-shop occupancy reached a record high. The spread between leased and economic occupancy also widened, representing future rent growth from leases signed but not yet commenced.
Kimco’s concentration in first-ring suburban markets, particularly centers anchored by essential retailers, continues to generate steady traffic and dependable cash flows. Paired with healthy liquidity and conservative leverage, the company maintains the flexibility to pursue selective acquisitions and redevelopments. With operating fundamentals holding firm and financial capacity expanding, Kimco enters 2026 with a strengthened foundation and greater room to create value.
However, the market is witnessing a shift in retail shopping from brick-and-mortar stores to Internet sales. Particularly, the efforts of online retailers in recent years to go deeper into the grocery business have emerged as a concern for this retail REIT that focuses on building a premium portfolio of grocery-anchored shopping centers. Moreover, market uncertainties emanating from policy shifts and economic volatility remain major concerns.
While shares of this retail REIT, currently carrying a Zacks Rank #3 (Hold), have fallen 2% in the past six months, narrower than the industry’s decline of 3.2%, analysts seem bullish on this stock, with the Zacks Consensus Estimate for its 2025 FFO per share being revised marginally upward to $1.75 over the past month.
Image Source: Zacks Investment Research
Stocks to ConsiderSome better-ranked stocks from the retail REIT sector are Phillips Edison & Company, Inc. (PECO - Free Report) and Curbline Properties Corp. (CURB - Free Report) . Both Phillips Edison and Curbline Properties carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Phillips Edison’s 2025 FFO per share has been raised marginally over the past two months to $ 2.58 and calls for a 6.2% year-over-year increase.
The consensus estimate for Curbline Properties’ 2025 FFO per share has been revised upward marginally to $1.04 over the past two months and suggests a year-over-year increase of 31.7%.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
2025-12-04 17:3216h ago
2025-12-04 11:4021h ago
Bitcoin's Market Struggles at the $95K Barrier Amid Economic Uncertainty
As of December 4, 2025, Bitcoin’s market value ranged from $92,607 to $93,071, maintaining a robust market capitalization of $1.85 trillion. Throughout the day, its price swung between $91,958 and $94,000, revealing a tight trading range that indicates significant market tension. This fluctuation reflects the ongoing tug-of-war between bullish and bearish investors who have been vying for dominance just below the critical $95,000 mark.
The digital asset’s 24-hour trading volume reached a substantial $73.53 billion, underscoring an increase in trading activity as market participants closely watch for any signals that could push Bitcoin beyond the current resistance level. The inability to break past $95,000 could be attributed to a variety of factors, including broader economic uncertainties that have kept investors wary. Global financial markets have been grappling with concerns ranging from rising inflation to geopolitical tensions, which are impacting even the most resilient of assets like Bitcoin.
Historically, Bitcoin has shown a pattern of volatility, often experiencing sharp price movements. This characteristic is partly due to its relatively limited market liquidity compared to traditional assets. Despite the recent lull, Bitcoin’s potential for dramatic price shifts remains, influenced by factors such as regulatory changes and technological advancements in blockchain. For instance, recent adoption of blockchain by major financial institutions has played a significant role in legitimizing cryptocurrencies, thereby attracting more institutional investors to the market.
However, this optimism is tempered by risks. Regulatory scrutiny of the cryptocurrency sector has intensified, with governments worldwide exploring potential frameworks to control its influence on traditional financial systems. In the United States, for instance, regulatory bodies are considering stricter measures that could impact Bitcoin’s growth trajectory. Meanwhile, in regions like Europe, comprehensive digital asset regulations are being proposed, which could further influence market dynamics.
Despite these challenges, proponents of Bitcoin argue that its decentralized nature and fixed supply make it an attractive hedge against inflation. As traditional currencies face devaluation pressures, Bitcoin’s perceived status as ‘digital gold’ continues to lure investors seeking alternatives to government-backed money. This narrative has gained traction in recent years, especially as central banks have pursued aggressive monetary policies that raise concerns about long-term economic stability.
Adding to the complex dynamics is the technological evolution within the cryptocurrency space. The ongoing development of the Lightning Network aims to address Bitcoin’s scalability issues, potentially facilitating faster and more cost-effective transactions. If successful, this innovation could strengthen Bitcoin’s position as a viable alternative to conventional payment systems, thereby broadening its appeal.
Despite the pressure at the $95,000 level, bullish investors remain hopeful. They argue that Bitcoin’s historical performance, marked by periods of rapid appreciation following consolidation phases, suggests that a significant upward trend may be on the horizon. In the past, Bitcoin has experienced similar plateaus before eventually breaking into new price territories.
Conversely, bearish analysts caution against overconfidence. They highlight that external economic shocks, such as unexpected financial crises or significant legislative changes, could quickly reverse any upward momentum. The potential for a global recession exacerbates these concerns, as economic downturns often lead to reduced investment appetite and increased market volatility.
The digital currency’s allure is also challenged by the emergence of alternative cryptocurrencies (altcoins) that offer unique functionalities or improved transaction efficiencies. These alternatives could divert investor interest away from Bitcoin, especially if they continue to gain traction in niche markets or specialized industries.
In conclusion, Bitcoin’s current price activity underscores a broader narrative within the financial world, where traditional and emerging assets continuously vie for investor attention. While Bitcoin’s prospects appear bright, given its growing acceptance and technological enhancements, significant hurdles remain. The interplay between regulatory developments, economic conditions, and competitive pressures from other cryptocurrencies will be pivotal in determining Bitcoin’s future trajectory.
As the cryptocurrency landscape evolves, investors and market analysts continue to monitor these developments, assessing their implications for Bitcoin and the broader digital asset ecosystem. Whether Bitcoin can overcome the $95,000 threshold and resume its upward climb remains a focal point for many, capturing both the optimism and the caution that define this volatile market.
Post Views: 11
2025-12-04 17:3216h ago
2025-12-04 11:4021h ago
Ethereum Price Analysis: Can ETH Maintain the Bullish Momentum After Surging to $3.2K?
Ethereum has extended its upward momentum, completing an impressive rebound from the $2.7K zone. Still, several notable resistance layers lie ahead, increasing the chances of a short-term rejection.
Technical Analysis
By Shayan
The Daily Chart
Ethereum has confirmed a bullish reversal from the key $2.7K support, signalling renewed buying interest and a shift in market structure. However, the asset is now approaching major supply zones. The first obstacle is the daily FVG at $3,255–$3,367, followed by a bearish order block just above at $3,367–$3,610. These areas are likely to introduce fresh supply and could temporarily halt the current advance.
A rejection from this zone remains probable, potentially leading to a retracement toward the $3K psychological level. Despite the strength of the recent recovery, the broader trend will not fully turn bullish until the price breaks and sustains above the 200-day MA.
The 4-Hour Chart
Ethereum’s rally appears even more pronounced on the 4-hour chart. The market has produced a strong impulsive leg, decisively breaking the prevailing downtrend that previously acted as firm resistance. This move has effectively cleared out short-side liquidity and opened more upside potential.
Even so, given the sharp nature of the recent upswing, a short-term pullback toward the $3K support zone remains likely before any continued continuation. Overall, the price action is currently confined within the $3K–$3.6K range, and further consolidation inside this band remains the most probable outcome until a clear breakout takes shape.
Sentiment Analysis
By Shayan
The Spot Average Order Size metric for Ethereum highlights a clear change in market behaviour following the recent shakeout. As the price slipped toward the key $2.7K region, retail participation noticeably increased. At the same time, ETH saw a sharp upward reaction, signalling that this surge in smaller order flow came predominantly from buyers accumulating at these lower levels.
Historically, however, phases dominated by retail buying at local lows are often followed by another leg downward. Markets tend to revisit these entry points, triggering fear among late buyers and creating the very liquidity large players use to accumulate at more favourable prices. This pattern mirrors what occurred between March and May, where early retail enthusiasm was eventually met with a deeper corrective move.
With this backdrop, Ethereum may still have room for another pullback, allowing the market to reset positions and build the momentum for a stronger, more sustained upward trend.
Tags:
2025-12-04 17:3216h ago
2025-12-04 11:4221h ago
Eric Trump-Backed Miner Increases Bitcoin Holdings Despite Plummeting Stock Value
American Bitcoin, a digital asset treasury firm backed by Eric Trump, has announced an increase in its Bitcoin reserves, now totaling 4,367 BTC. This development comes during a challenging period for the company’s stock, ABTC, which has seen a dramatic decline of over 50% in the past month. The company acquired an additional 502 BTC over a span of 38 days, showcasing its continued commitment to expanding its cryptocurrency portfolio despite market turbulence.
The acquisition of these digital assets highlights American Bitcoin’s resolve to strengthen its position in the volatile cryptocurrency market. This move comes at a time when the digital asset industry is grappling with fluctuations in Bitcoin’s value, influenced by regulatory uncertainty and global economic conditions. Bitcoin, often regarded as a hedge against traditional financial systems, has seen its price oscillate significantly, affecting companies and investors alike.
Historically, the cryptocurrency markets have been characterized by their high volatility, making them both an enticing and risky investment option. The appeal of Bitcoin lies in its decentralized nature and limited supply, which contrasts sharply with fiat currencies. However, this very appeal also contributes to its price instability, subject to the whims of market sentiment and regulatory actions across different countries.
American Bitcoin’s decision to increase its Bitcoin holdings can be seen as a strategic move to capitalize on potential future gains in the cryptocurrency market. Bitcoin’s past performance has shown periods of rapid appreciation in value, attracting institutional and retail investors seeking substantial returns. Despite its recent decline in stock value, the company may be positioning itself to benefit from a potential rebound in Bitcoin prices.
Countering this optimism is the inherent risk associated with the cryptocurrency market. The regulatory environment remains unpredictable, with various governments implementing measures that could severely impact Bitcoin’s market dynamics. For instance, increased regulatory scrutiny in countries like the United States and China has previously led to sharp declines in Bitcoin’s price. Furthermore, the market’s susceptibility to global events, such as economic downturns or geopolitical tensions, poses additional risks for investors.
The sharp decline in ABTC’s stock value signifies the challenges faced by companies heavily invested in cryptocurrencies. Stock prices are typically reflective of investor confidence, and a more than 50% drop suggests significant investor concern over the firm’s financial stability or future prospects. This downturn comes in the wake of broader market pressures that have affected the technology and financial sectors, as rising interest rates and economic uncertainties weigh heavily on investor sentiment.
In the context of American Bitcoin’s performance, it is important to consider the broader economic backdrop. Global markets have experienced considerable upheaval, with central banks worldwide attempting to combat inflation through interest rate hikes. These monetary policy actions have led to a tightening of financial conditions, affecting investment choices across asset classes, including cryptocurrencies.
Moreover, the competitive landscape for Bitcoin mining firms like American Bitcoin has intensified. The energy-intensive nature of Bitcoin mining poses another layer of complexity, as companies must navigate rising energy costs and environmental considerations. This has prompted some firms to explore renewable energy sources to power their mining operations, aligning with broader sustainability goals and addressing environmental criticisms.
While the future of American Bitcoin and similar firms remains uncertain, the company’s recent acquisition of additional Bitcoin can be viewed as a calculated risk. By bolstering its digital asset reserves, American Bitcoin signals its confidence in Bitcoin’s long-term potential, despite current setbacks. The firm’s strategy underscores the belief that Bitcoin will continue to play a significant role in the evolving financial landscape.
In contrast, skeptics highlight the possibility of prolonged market challenges and the need for diversification beyond cryptocurrency holdings. The volatility of Bitcoin and other digital currencies necessitates a balanced approach to investment, combining crypto assets with traditional financial instruments to mitigate risks and stabilize returns.
As the cryptocurrency market continues to evolve, American Bitcoin’s journey reflects broader trends and challenges affecting the sector. While the increase in Bitcoin holdings demonstrates a bold commitment to digital assets, the steep drop in stock value serves as a reminder of the inherent uncertainties and fluctuations in this dynamic market. For investors and companies alike, navigating the future of cryptocurrencies will require a careful balance of optimism and caution.
Post Views: 8
2025-12-04 17:3216h ago
2025-12-04 11:4821h ago
Ethena Labs Teams With Anchorage to Reward USDtb and USDe Holders
Stablecoins Lead Growth in Latest Revenue Report, Crypto Platforms Post Solid Results
The monthly revenue flow shows that stablecoins remain the economic backbone of the market. Tether leads with $445.7M and a 2% increase, while Tron and
Stablecoins
Wall Street Banks Quietly Build Crypto Services While Targeting Coinbase in Washington
TL;DR Major US banks are privately testing stablecoin and digital asset services. BlackRock is shifting sentiment with its leading Bitcoin ETF and tokenized Treasuries. Coinbase’s
CryptoNews
BlackRock Report: U.S. Debt Expansion Could Fuel Crypto Gains Amid AI Era
TL;DR BlackRock’s annual report projects federal debt above $38 trillion in 2026 and outlines a scenario of structural vulnerability. The firm argues that bitcoin and
Markets
21Shares Expands Crypto Offerings With Ethena, Morpho ETPs—ENA Price Moves
TL;DR 21shares launched the Ethena and Morpho ETPs in Europe, opening a regulated channel that brings ENA back into institutional flow. ENA is priced at
TL;DR: USDe fell 24% in November after $2.2 billion in redemptions. USDT, USDC, PYUSD, and RLUSD added billions, reinforcing the dominance of fiat-backed stablecoins. The
flash news
Unlimit Expands Into Stablecoin Infrastructure With Stable.com Clearing House
The stablecoin market has a new tool. Unlimit, the fintech company founded in 2009, announced this Tuesday the launch of Stable.com Clearing House, a decentralized
Pi Network has been making headlines again, with new partnerships, strong community debates, and rising expectations. However, many are asking one question: Can Pi Coin reach $10 someday?
Price Pressures and the Current DipPi Coin has been trading in a clear dip, mostly because of increased selling pressure and new token unlocks hitting the market. The price has cooled into the $0.18–$0.22 zone.
If Pi can hold this support range, it has a chance to bounce back toward $0.28, but the market is still high-risk and volatile.
35 Million Pioneers Still Waiting for ClarityPi Core Team recently strengthened its Web3 communication system to better connect with more than 35 million pioneers around the world. But the community remains divided. Some predict long-term adoption will be huge, while others are frustrated by the continuing delays, especially around the 190 million locked resources waiting for mainnet clarity.
GameFi Boost: Pi Ventures Partners With CiDi GamesOne reason Pi’s price jumped recently was a new GameFi announcement.
Pi Ventures invested in CiDi Games, aiming to expand Web3 gaming use cases for Pi holders.
This led to a 7% price push, showing that the community is still quick to react to new ecosystem partnerships.
The partnership also shows that Pi Network wants to push deeper into the Web3 gaming world. But whether this will lead to real long-term adoption is still uncertain.
A few things will influence this:
• If users rush to withdraw Pi from exchanges and bring it back on-chain
• If demand spikes because of real utility inside the Pi ecosystem
If these conditions align, Pi could see a fast price rise. But nothing is guaranteed.
According to Coinpedia’s analysis, Pi Coin is showing early signs of a possible trend reversal, but only if it can break key resistance levels. A strong move above the current range would mean a crucial “Change of Character” in the downtrend, opening the door for a retest of the $0.81 resistance.
If it continues, Pi could target $1.00 to $1.65 in early 2026. Under highly bullish conditions and strong ecosystem growth, Pi might even reach $2.00 to $3.00 later in 2026.
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
2025-12-04 17:3216h ago
2025-12-04 11:5021h ago
Dogecoin Signals a TD Reversal Near $0.14 After Fresh Buy Trigger
Dogecoin has increased by 0.7%, currently trading around $0.149. The price saw an early surge to approximately $0.153 before gradually retracing and stabilizing near $0.150. Overall, the market shows mild volatility with consolidation around the $0.149–$0.150 range.
Dogecoin price chart, Source: CoinMarketCap
Over the past week, Dogecoin has dropped 2.3%, mirroring the overall market trend. In the last two weeks, the coin has fallen by 4.6%, showing a continued underperformance. This performance, happening at a time when the broader market is attempting a recovery, leaves traders with mixed sentiments.
DOGE TD Signal Points to Reversal at Key SupportMeanwhile, in a weekly chart shared on X by analyst Ali Martinez, the TD Sequential indicator on the weekly DOGE chart is flashing a strong buy signal, marked clearly by the green “13” beneath the recent candle. This signal typically appears when a downtrend is losing steam, suggesting sellers may be exhausted and a price rebound could be forming.
Recent weekly candles show long lower wicks, indicating that buyers consistently defended the area around $0.13–$0.14, which strengthens the case for an upward shift. This zone is acting as a solid support level where demand has been stepping in repeatedly.
DOGE 1-week price chart, Source: X
As Ali Martinez often explains, a completed TD “9” or “13” count tends to highlight moments where momentum is ready to reverse, and the chart also displays a black upward arrow near the current candle, hinting at a potential breakout attempt.
If DOGE manages to maintain support above $0.14, the next logical resistance levels sit around $0.155 and $0.17, where previous weekly structures stalled. A sustained move above these levels could confirm the bullish TD signal and open the door for a stronger recovery in the weeks ahead.
Dogecoin’s Mini Cycles Point Toward a Potential $0.75 TargetThe chart from Bitcoinsensus highlights Dogecoin’s repeating mini-cycle structure, where each accumulation phase is followed by a strong exponential surge. The first two cycles showed major breakouts of roughly +190% and +480%, and the current structure appears to be mirroring this same pattern.
As DOGE pushes out of Accumulation 3 with a steep vertical move, the trendline connecting previous weekly swing highs points toward a potential target zone between $0.70 and $0.75, suggesting that the market may still have room to extend upward before reaching significant resistance.
Source: X
Bitcoinsensus notes that this upper region may also represent the next macro decision point for DOGE. If the pattern continues to respect the long-term exponential curve, the $0.70–$0.75 area could align with a potential cycle peak, similar to how previous breakouts reached the dotted trendline before reversing.
2025-12-04 17:3216h ago
2025-12-04 11:5221h ago
Ethereum (ETH) Holds Strong at Key Weekly CME Gap Support
Ethereum holds above $3,200 and key CME support zone, with rising volume and RSI breakout signaling possible move toward $3,700.
Ethereum is showing stability as it continues to hold above an important technical level. For over two weeks, ETH has found support within its historical Weekly CME Gap, an area that previously acted as resistance in past cycles.
Meanwhile, this zone has attracted buyers and remains a key point of interest as the market assesses where prices might go next.
Key Support Holds as Price Consolidates
ETH first dipped into the CME Gap area around $2,900 on November 26. Since then, it has remained stable, trading above $3,200 by December 3. The zone also aligns with past consolidation ranges seen in 2024 and early 2025.
Rekt Capital noted that ETH has maintained this support for 2.5 weeks. The price continues to move within a narrowing range, supported at the bottom by the gap and capped by a descending trendline from the recent highs.
$ETH
Ethereum has been successfully finding support at its historical Weekly CME Gap (orange) over the past 2.5 weeks#ETH #Crypto #Ethereum pic.twitter.com/nsdxOhgk7S
— Rekt Capital (@rektcapital) December 3, 2025
Adding to that shift in structure, Merlijn The Trader highlighted that Ethereum’s RSI has broken above its long-term downtrend.
“RSI broke out. Momentum leads, price follows,” he said.
If momentum holds, the next key level on the chart appears around $3,400, in line with past reaction zones.
You may also like:
‘Shark’ Wallets Drive Ethereum to 3-Week High After Fusaka Deployment
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
Moreover, Ethereum has also reclaimed its 50-week simple moving average. This came after a bounce from the $2,800 area. Crypto Rover pointed out that ETH is now trading back above this moving average, which many view as a trend guide for medium-term price action.
Short-Term Targets and Market Structure
CryptoWZRD said ETH and ETHBTC both closed their daily candles in bullish territory. ETHBTC is now trading above a lower high trendline that has held for over 100 days. The next resistance level sits near 0.040 BTC. For ETH, $3,700 is the next higher target if momentum continues.
In the short term, CryptoWZRD is monitoring $3,200 as a critical level.
“If it holds above the $3,200 resistance target, I am expecting another long opportunity,” they said.
If rejected, sideways price action could follow. Key resistance is seen at $3,550, while $2,800 remains the main support.
After the launch of Fusaka, Ethereum traded between $3,150 and $3,250 through Wednesday night into Thursday. ETH is priced at $3,190 at press time, showing a 4% gain in the last 24 hours and a 6% gain over the past week (per CoinGecko data).
Trading volume has also increased, up 5% in the past day, with $31.89 billion traded. Santiment reported strong buying from addresses holding between 1,000 and 10,000 ETH.
Tags:
2025-12-04 17:3216h ago
2025-12-04 11:5421h ago
ETF Floodgates Open: XRP, SOL, LTC, HBAR, DOGE, and LINK Give Investors a Menu of Altcoin Madness
While attention has been glued to solana ( SOL) exchange-traded funds (ETFs) pulling in roughly $682 million in cumulative net inflows, XRP ETFs have quietly zipped past them with $874 million — even though SOL products hit the shelves first.
2025-12-04 17:3216h ago
2025-12-04 11:5521h ago
Malaysia Cracks Down on Bitcoin Miners Behind $1.1B Electricity Theft
In brief
Malaysia launched a special committee in November to target mining operations stealing power.
Around 14,000 illicit operations have been discovered in the country over the past five years.
Thailand also shut down a large mining operation linked to scam networks this week.
Malaysian authorities are using drones and handheld sensors to crack down on Bitcoin mining operations stealing power from the grid, according to a Bloomberg report on Wednesday.
Last month, Malaysia launched a special committee made up of staff from the Ministry of Finance, Bank Negara Malaysia and TNB to target illicit actors.
The move is the latest in a series by authorities to rein in illegal mining, including a crackdown in May this year that shut down almost 2,400 operations. Among them was the seizure of 45 rigs in the northeast of the country. In February, an explosion at a house in Bandar Puncak Alam city also revealed an illegal operation.
Over the past five years, authorities have discovered 14,000 illicit mining operations in the country, with theft from the national power grid accounting for around $1.1 billion in losses.
Companies have set up rigs across the country in a variety of locales, from a former logging yard in Sarawak to an incomplete shopping mall overlooking the Strait of Malacca, according to Bloomberg.
Bitcoin mining is legal provided power is obtained properly and taxes are paid, but some operators are skirting these requirements.
However, Wolfie Zhao, head of research at TheMinerMag, told Decrypt that power theft in Malaysia is a longstanding issue that isn’t only limited to Bitcoin mining. “That said, mining does make it more lucrative, and these cases have been around for years,” he said.
“You can find local news reports dating back to 2019, if not earlier—including the well-known incident where police crushed thousands of confiscated Bitcoin miners with steamrollers.”
Beyond crackdowns, preventing illicit mining it is proving difficult. “In most cases, operators tamper with meters and come up with clever ways to disguise their usage,” Zhao added.
“Power companies typically only detect it after noticing irregularities between billed amounts and actual consumption over time.”
Other Southeast Asian nations have also been making moves against illegal mining. This week, Thailand shut down an $8.6 million Bitcoin mining operation linked to “Chinese scam networks” which consisted of 3,462 rigs across six locations. And in September, two individuals were arrested in Hong Kong for siphoning electricity from care homes for the disabled to power cryptocurrency mining rigs.
Daily Debrief NewsletterStart every day with the top news stories right now, plus original features, a podcast, videos and more.
2025-12-04 17:3216h ago
2025-12-04 11:5521h ago
Ripple Price Analysis: What's Holding XRP Back From Breaking Out?
XRP continues to struggle with downward pressure despite broader market attempts to recover. The recent weakness in price action highlights a lack of momentum from buyers as the token remains trapped under key resistance levels across both USDT and BTC pairs. Although the altcoin market has shown slight signs of rotation, Ripple’s cross-border asset hasn’t yet benefited from that shift.
Technical Analysis
By Shayan
The USDT Pair
On the USDT daily chart, XRP remains inside a descending channel that started forming back in August. Attempts to break above the 100-day and 200-day moving averages were rejected, with both MAs now sloping downward near the $2.60 mark.
The latest decisive price rejection occurred just below the $2.60 level, aligning perfectly with a confluence of the moving averages and the channel’s higher boundary in early November. The price is currently hovering around $2.15, sitting uncomfortably below the higher trendline of the channel, with the next demand zone around $1.85. Unless buyers reclaim the $2.40–$2.60 zone, XRP remains vulnerable in the coming weeks.
The BTC Pair
Against Bitcoin, XRP has broken back below the 100-day and 200-day moving averages (both located around the 2,400 sats mark) after a short-lived breakout attempt. The pair is now testing the previous short-term low near 2,300 sats, and this level needs to hold if XRP wants to avoid slipping further into relative weakness.
The failed push into the red supply zone around 2,600–2,800 sats indicates fading demand during rallies. With the RSI trending below 50 and no clear bullish divergence, momentum is lacking. If Bitcoin dominance continues to rise, XRP/BTC could test the 2,000 sats zone in the coming days, and even drop lower in the short term.
Tags:
About the author
Full-time on-chain Data Analyst and Python Programmer. Passionate about Bitcoin and DataVisualization.
2025-12-04 17:3216h ago
2025-12-04 11:5921h ago
XRP Price News: ETFs Hit 13-Day Streak of Positive Net Inflows – Is XRP About to Explode?
Important DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted as, a recommendation or advice to take any action, including making any investment or purchasing any product. Before making any financial decision, you should conduct your own due diligence, exercise your own discretion, and consult with competent advisors. The content on this website is not personally directed to you, and we do not take into account your individual financial situation or needs. The information contained on this website is not necessarily provided in real time, nor is it guaranteed to be accurate. Prices displayed may be provided by market makers and not by exchanges. Any trading or other financial decision you make is entirely your own responsibility, and you must not rely solely on any information provided through the website. FXEmpire does not provide any warranty regarding the accuracy, completeness, or reliability of any information contained on the website and shall bear no responsibility for any trading losses you may incur as a result of using such information. The website may include advertisements and other promotional content. FXEmpire may receive compensation from third parties in connection with such content. FXEmpire does not endorse, recommend, or assume responsibility for the use of any third-party services or websites. Empire Media Network LTD., its employees, officers, subsidiaries, and affiliates shall not be liable for any loss or damage resulting from your use of the website or reliance on the information provided herein.Risk DisclaimersThis website contains information about cryptocurrencies, contracts for difference (CFDs), and other financial instruments, as well as about brokers, exchanges, and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and involve a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money. FX Empire encourages you to conduct your own research before making any investment decision and to avoid investing in any financial instrument unless you fully understand how it works and the risks involved.
2025-12-04 17:3216h ago
2025-12-04 11:5921h ago
Big Breaking: CFTC Approves Spot Bitcoin Trading on U.S. Regulated Exchanges
In a latest development for the crypto industry, the U.S. Commodity Futures Trading Commission (CFTC) has announced that spot Bitcoin and other cryptocurrencies can now trade on CFTC-registered exchanges for the first time in history. This marks the beginning of fully regulated spot crypto markets in the United States.
Acting Chairman Caroline Pham said the goal is to help “make America the crypto capital of the world,” while also giving traders safer, more transparent markets to participate in.
A Big Shift for U.S. Crypto PolicyPham explained that U.S. futures exchanges have spent decades building strong protections for both retail and institutional traders. By allowing spot crypto to trade on these same regulated platforms, Americans will be able to trade digital assets without relying on offshore exchanges that often lack proper safeguards.
She also said that recent problems on overseas crypto platforms showed how important it is to offer U.S. investors more reliable, regulated choices.
“Now, for the first time ever, spot crypto can trade on CFTC-registered exchanges that have been the gold standard for nearly a hundred years, with the customer protections and market integrity that Americans deserve,” Pham said.
Fixing Old Gaps in RegulationMore than a decade ago, Congress passed rules requiring leveraged retail commodity trading to take place only on futures exchanges. But the CFTC never clarified how crypto should fit into those rules. This led to years of uncertainty and heavy enforcement actions, instead of clear guidance.
Pham said the new move finally uses the CFTC’s long-standing authority to bring clarity and protect everyday Americans. Instead of punishing the industry, the focus is now on creating a safe place for people to trade.
Built on Months of CollaborationThis decision comes after recommendations from the President’s Working Group on Digital Asset Markets and close coordination with the SEC. It also follows the CFTC’s “Crypto Sprint,” which gathered feedback from experts, businesses, and the public.
As part of broader changes, the CFTC is also exploring how tokenization and stablecoins can be used as collateral in derivatives markets, and how blockchain technology can improve clearing, reporting, and settlements.
A New Chapter for U.S. CryptoWith this announcement, the U.S. is taking a major step toward building a fully regulated digital asset market. For the first time, Americans will be able to trade spot Bitcoin and other cryptocurrencies on exchanges that have been trusted for nearly a century.
Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
2025-12-04 17:3216h ago
2025-12-04 12:0021h ago
Expert Says An XRP Supply Shock Will Only Happen In These Conditions
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure
A leading market expert argues that most investors misunderstand what would need to happen for an XRP supply shock to unfold. The analyst stressed that a true supply shock is driven by measurable XRP absorption, with early signs showing how quickly tokens are removed from circulation relative to how quickly they return.
How A Real XRP Supply Shock Forms
Crypto analyst Pumpius took to X this Wednesday to outline the conditions he believes must align before XRP can experience an actual supply shock. The expert noted that many in the community often talk about an explosive squeeze that could drive XRP’s price higher, yet few understand the mechanics behind such a shock.
Pumpius argued that a real supply shock is not driven by speculation or hype, but by a measurable reduction in the amount of XRP available on the open market. In his view, such an event only occurs when tokens are absorbed faster than they can be replenished, creating an imbalance between circulating supply and future buyers.
The analyst explained that the first big trigger for a supply shock would be the launch of Exchange-Traded Funds (ETFs). Once all ETFs go live, their issuers will need to buy real XRP rather than derivatives or IOUs, which could gradually drain the amount of available tokens on crypto exchanges.
Pumpius added that institutional participation would amplify the supply impact of ETFs, since banks and large asset managers typically custody assets rather than actively trade them. He explained that XRP set aside for settlement purposes, treasury management, or long-term liquidity planning would be removed from day-to-day circulation, further contributing to a potential supply shock.
Another point Pumpius mentioned in his post was that companies could start holding XRP in their corporate treasuries to support international payments and XRP Ledger (XRPL) based settlement corridors. If this occurs, the analyst suggests that these operational XRP balances would remain in working capital accounts rather than flowing back to exchanges.
He added that Ripple’s management of its escrow further limits XRP’s supply. Currently, Ripple has little to no incentive to oversupply the market, and unused escrow releases are often returned, keeping the amount of net new XRP entering circulation tightly controlled.
On-Chain Utility And ZK Identity Drive Supply Crunch
In his post on X, Pumpius highlighted two other factors needed for XRP to experience a real supply shock. He stated that growing on-chain utility will further reduce the supply of XRP, ultimately contributing to a supply crunch. These include tokenized funds built on the XRPL, such as RLUSD, liquidity pools, identity layers, and payment rails—all of which rely on XRP as a core asset.
A Zero Knowledge identity infrastructure on the XRP Ledger could also lock away more tokens. Pumpius emphasized that these systems link XRP to identity-verified flows and validation processes, which naturally tighten supply.
Together, these forces create the ideal conditions for a real XRP supply shock. Pumpius notes that as exchange balances drop and OTC desks hold less inventory, overall liquidity becomes thinner. Buyers are then forced to compete for the shrinking supply of tokens, potentially driving prices higher as demand outweighs supply.
Price continues to show reversal possibilities | Source: XRPUSDT on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
Sign Up for Our Newsletter!
For updates and exclusive offers enter your email.
I'm Sandra White, a writer at Bitcoinist, and I provide the latest updates on the world of cryptocurrencies. I believe crypto a gateway to a new order and I have made it my life's mission to help educate as much people as possible.
When I'm not at work, I love listening to music, learning new things, and dream of traveling around the world.
2025-12-04 17:3216h ago
2025-12-04 12:0021h ago
The MicroStrategy Of Asia: Japanese Company Announces Plan For Bitcoin And XRP Treasury
Bitcoin and XRP have become central to a bold corporate shift in Japan, with AltPlus announcing that both digital assets will be formally incorporated into its long-term treasury strategy. The publicly listed company disclosed the move in its recent shareholder filing, outlining a multi-layered plan that positions cryptocurrencies as foundational components of its future financial and operational framework.
Bitcoin And XRP Lead Treasury
According to a post by “BankXRP” on X (formerly Twitter), AltPlus is expected to purchase and hold Bitcoin and XRP through a newly established cryptocurrency purchase and management division. The company frames this step as part of a long-horizon capital strategy supported by blockchain transparency, expanding global regulatory clarity, and the growing institutional acceptance of digital assets. In the filing, Bitcoin and XRP are highlighted for their scarcity, decentralization, predictability, and fast, low-cost transactional capabilities—attributes AltPlus expects will contribute to long-term value growth and broader financial-market utility.
Moreover, the treasury initiative is designed to strengthen the company’s financial base, diversify revenue streams, and establish a stable earnings engine through staking-based income. AltPlus presents the move as a structured method to enhance capital efficiency and reinforce corporate value over time. The company notes that holding both Bitcoin and XRP aligns its balance-sheet strategy with emerging global trends in digital-asset management and institutional-grade treasury practices.
AltPlus also outlines its risk-management system to address crypto-market volatility, liquidity risks, cybersecurity threats, regulatory changes, and speculative trading patterns. The company plans to implement investment-scale limits, a controlled holding-ratio strategy, and a proprietary internal asset-management system to govern acquisition, custody, tracking, and treasury integration. These measures are designed to maintain governance discipline, ensure compliance, and safeguard digital-asset operations as part of the broader corporate structure.
AltPlus’ Web3 And Digital-Asset Expansion
Beyond treasury allocation, AltPlus frames Bitcoin and XRP as key elements in a broader transition into digital-asset operations and Web3-enabled business development. The filing situates this shift within a global context, noting that major financial institutions and listed companies worldwide are increasingly incorporating crypto assets into holding, settlement, and capital-management functions.
Building on this trend, AltPlus plans to integrate blockchain infrastructure into its Entertainment and Solutions business. This includes exploring Web3 functionality, token-based engagement models, and digital-asset utilities across its gaming and IP ecosystem. These initiatives are intended to unlock new business models, enhance operational flexibility, and develop internal expertise for a digital-native market environment.
The company’s decision to include XRP directly in its treasury strategy is one of the standout elements of the announcement. AltPlus positions XRP as a long-term corporate asset alongside Bitcoin, marking a notable step forward for institutional crypto adoption in Japan. Through treasury transformation, staking-driven income generation, and Web3 ecosystem expansion, AltPlus is creating a strategic framework similar to the high-conviction treasury approach seen at MicroStrategy. At the same time, it is establishing a distinctly Japanese model focused on utility, diversification, and forward-looking corporate innovation.
BTC price moves above $93,000 | Source: BTCUSD on Tradingview.com
Featured image created with Dall.E, chart from Tradingview.com
2025-12-04 17:3216h ago
2025-12-04 12:0021h ago
BNB Nears $910 as Volume Jumps 68%, Signaling Growing Interest Near Resistance Zone
The token is trading in a sideways range, holding above recent lows near $896, while a breakout above $920-$928 resistance could push BNB toward $1,000. Dec 4, 2025, 5:00 p.m.
BNB rose to $908 over the last 24-hour period, up 1.44% in the period, as a surge in trading volume suggests that large investors may be accumulating the token during a consolidation phase.
Volume spiked 68% above average, peaking at 86,436 tokens in a single hour, as BNB tested a key resistance cluster between $920 and $928, according to CoinDesk Research's technical analysis data model.
STORY CONTINUES BELOW
The token pulled back slightly to $903 but held above its recent lows near $896, forming a sideways trading range. This pattern often signals buyers preparing for a larger move.
The uptick comes amid a broader crypto market rebound, where major assets like bitcoin and ether posted gains of 0.5% to 3.5% following positive signals from traditional finance, including looser monetary policy expectations as the Federal Reserve is now widely expected to cut interest rates this month.
BNB’s activity coincides with developments on the BNB Chain, including increased on-chain volume and the launch of new tools like predict.fun, a prediction market app tied to the Binance ecosystem.
Despite recent volatility, these projects aim to grow the utility of the chain, which continues to attract speculative and longer-term interest.
Traders are now watching the $920-$928 range closely. A breakout above this zone could push BNB toward $940 or even $1,000, though a drop below $903 might test support near $896.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk's full AI Policy.
More For You
Protocol Research: GoPlus Security
Nov 14, 2025
What to know:
As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report
More For You
Meta Plans 30% Cut to Metaverse Budget as Reality Becomes Less Virtual: Bloomberg
59 minutes ago
Horizon Worlds and Quest are facing layoffs as Meta retreats further from its $70 billion bet on virtual reality, people familiar with the matter told Bloomberg.
What to know:
Meta is considering cutting up to 30% of its metaverse division’s budget in 2026, with layoffs expected to follow, Bloomberg reported.The company’s virtual reality unit, including Quest headsets and Horizon Worlds, is likely to face the steepest reductions.Slower-than-expected industry adoption and shifting tech priorities have pushed Meta to scale back its once-flagship investment in the metaverse.Read full story
2025-12-04 17:3216h ago
2025-12-04 12:0121h ago
Solana price forms a bullish failed auction at $131, rally ahead?
Solana’s price confirms a failed bullish auction at the key $131 support level, signaling strong demand and increasing the probability of a rally toward the next major resistance at $187.
Summary
Multiple failed breakdown attempts at $131 confirm strong buy-side absorption.
Market structure favors upside as price holds above key high-time-frame support.
Reclaiming value area levels could accelerate a bullish rotation toward $187.
Solana (SOL) price is showing a decisive shift in momentum after forming a bullish failed auction pattern at the high-time-frame support level of $131. The repeated failure of price to break below this support, despite multiple attempts, has strengthened the case for a potential upside rotation.
With buy-side pressure increasing and structural support holding firm, Solana’s price action now suggests that a bullish continuation may be developing. Traders are closely watching whether this failed auction will translate into a sustained rally toward the next significant resistance region at $187.
Solana price key technical points
Solana confirms a failed auction at the $131 support level, signaling strong demand.
Price repeatedly rejected breakdown attempts and reclaimed support with strong buybacks.
A bullish rotation toward $187 becomes possible if Solana holds above value area levels.
SOLUSDT (1D) Chart, Source: TradingView
Solana’s recent price behavior reveals a clean failed auction pattern forming around the $131 high-time-frame support. A failed auction occurs when the market attempts to break through a significant support or resistance level but is unable to sustain price beyond it. Instead, price quickly reclaims the level, signaling that the underlying order flow is not strong enough to push continuation in the attempted direction.
In Solana’s case, multiple breakdown attempts beneath $131 were absorbed by intense buying pressure, pushing the price back above the support each time.
This renewed strength follows broader ecosystem enthusiasm, with Scaramucci recently naming Solana one of the major winners in the tokenization sector, adding an extra layer of confidence to market sentiment.
This is a significant development because the $131 level has acted as a structural anchor point in Solana’s broader trading range. Each time price dipped under the swing low, buyers stepped in aggressively, preventing any move toward the next significant support at $105.
The inability of bears to sustain their position confirms that liquidity below $131 has been fully absorbed and that demand dominates the order book at this level. This establishes $131 as a confirmed failed auction zone and validates the bullish interpretation.
Following the establishment of the initial swing low, Solana produced a clean rally into a swing high before returning to retest the $131 region. This retest is currently unfolding, and the strength of buybacks suggests that the market is respecting the support. With each defense of the level, the probability of a bullish continuation increases.
This growing optimism aligns with broader momentum in the Solana ecosystem, including Solana Mobile’s plan to launch the SKR token in January, which has helped reinforce positive sentiment. From a structural standpoint, Solana appears to be transitioning from a reactive decline into a possible accumulation phase.
If Solana remains above the $131 support, the next major upside objective sits at the $187 resistance level. This region represents a high-time-frame zone that previously acted as a rejection area and is now the primary target for any rally that emerges from the failed auction.
Failed auction theory further supports this interpretation. When price attempts to break a key level and fails, the market often rotates sharply in the opposite direction. Such moves occur because trapped participants on the losing side must unwind their positions, fueling additional momentum. In Solana’s case, the failure to break down below $131 sets the stage for a reversal toward the upside.
What to expect in the coming price action
If Solana holds above the $131 support and regains control of the value area levels, a bullish continuation toward the $187 resistance becomes increasingly likely. A breakdown below $131 would invalidate the failed auction and reopen the path toward $105, but current order flow favors the upside scenario.
2025-12-04 17:3216h ago
2025-12-04 12:0621h ago
Thai Police Bust Seven Bitcoin Mines Linked to $156M Chinese Scam Operation
Key NotesRaids targeted Chinese-operated facilities using stolen electricity to fund cross-border criminal activities.Police traced approximately $156 million in illicit funds converted through cryptocurrency mining operations.Thailand intensifies enforcement with new regulations banning unlicensed exchanges and foreign P2P services.
Thai police raided seven Bitcoin
BTC
$92 251
24h volatility:
0.1%
Market cap:
$1.84 T
Vol. 24h:
$69.85 B
mining farms across Samut Sakhon and Uthai Thani provinces, seizing over 3,600 machines and equipment valued at 270 million baht ($8.4 million), and approximately 30 million baht ($936,826) in equipment.
The operations connected to Chinese organized crime groups running transnational scams from Myanmar. Prime Minister Anutin Charnvirakul visited the sites to oversee the probe, which traced electricity theft losses to the state at 3 billion baht ($93 million) over three years, according to a local media report.
Thai authorities have raided seven bitcoin mines worth an estimated 300 million baht in two provinces, saying they suspected the operations were run by Chinese transnational scam networks.
Listen to the story or get the full story in the 1st comment. pic.twitter.com/Ha3zn1RlYD
— Bangkok Post (@BangkokPostNews) December 4, 2025
Raids Uncover Mining Linked to Scam Networks
Authorities targeted four warehouses and three homes in the raids on December 2. The sites used shipping containers with water-cooling systems and soundproofing to run the rigs nonstop. Investigators linked the setup to the “Chinese Grey” network, which funnels scam proceeds into Bitcoin mining.
Police estimate the criminal group moved over 5 billion baht ($156 million) through digital assets. Earlier in 2025, a similar raid in Chon Buri seized 996 mining devices for power theft. The pattern shows foreign groups exploiting Thailand’s grid for crypto operations.
These Criminal Activities Happen in a Similar Way in Malaysia
Malaysia reported $1.1 billion in electricity losses to illegal Bitcoin mining since 2020, with 13,827 sites uncovered. Tenaga Nasional, the state utility, faced grid strain from meter tampering and overloads. Police now use drones for heat detection and ground teams for raids, according to Bloomberg.
Raids there seized rigs worth thousands and led to arrests, but electrical theft persists. Officials note miners mask noise with bird sounds and hide in abandoned buildings. This activity is shifting to neighboring Thailand amid pressure from the Malaysian police on this illegal activity.
Thailand is Looking at Its Local Activity
Thai regulators amended laws in April 2025 to block foreign crypto P2P services and target mule accounts. Fines reach 300,000 baht ($9,369) and carry a maximum of three years in jail. In May 2025, the Thai SEC banned five unlicensed exchanges—Bybit, OKX, CoinEx, 1000X, and XT.com—from June 28.
The moves aim to cut off funding for scams and protect users. Banks and telecoms now share responsibility for cybercrime prevention. Thailand balances crackdowns with plans for tokenized securities and crypto spending by tourists.
These raids signal stepped-up coordination against cross-border crypto crime. Police continue tracing funds and requesting international coordination, with more sites expected to be placed under surveillance.
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.
Cryptocurrency News, News
José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.
José Rafael Peña Gholam on LinkedIn
2025-12-04 17:3216h ago
2025-12-04 12:0721h ago
Bitcoin Price Prediction: Quantum Threats Dismissed by Experts – But What If They're Wrong?
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Crypto Journalist
Anas Hassan
Crypto Journalist
Anas Hassan
About Author
Anas is a crypto native journalist and SEO writer with over five years of writing experience covering blockchain, crypto, DeFi, and emerging tech.
Has Also Written
Ad Disclosure
Ad Disclosure
We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Last updated:
December 4, 2025
Concerns around quantum computing have resurfaced, with some analysts warning it could pose a serious threat to Bitcoin’s future.
While K33 Research believes these fears are overblown, the long-term Bitcoin price prediction could shift dramatically if this view proves wrong.
According to Vetle Lunde, Head of Research at K33, roughly 6.8 million BTC may be at risk if quantum machines advance far enough to break current encryption standards.
Bitcoin Quantum Threats Dismissed by ExpertsHowever, Lunde emphasized that “the timeline for such breakthroughs remains uncertain, and exchanges are unlikely to allow compromised coins to circulate freely.”
Zooming in, rather than out
While long-term risks have instilled sell-side pressure, medium-term factors point toward strength, not weakness, and with BTC currently at deep value, the case for material upside is far more plausible than an 80% drawdown repeat.
Digesting what has…
— Vetle Lunde (@VetleLunde) December 2, 2025
Blockstream CEO and cypherpunk Adam Back, who was cited in the original Bitcoin white paper, shares this measured view.
The longtime cryptographer stated that Bitcoin is unlikely to face meaningful quantum threats for at least two to four decades.
Back noted that current fears circulating on social media about an imminent “quantum attack” are overstated, pointing out that the National Institute of Standards and Technology has already approved post-quantum encryption standards that Bitcoin could adopt well before quantum computers pose realistic risks to SHA-256.
Popular Bitcoin trader The White Whale offered a comprehensive breakdown, noting that “every few weeks the same tired narrative resurfaces.”
He acknowledged that early Bitcoin’s P2PK outputs, including Satoshi-era coins, expose public keys on-chain, making them vulnerable if quantum computers eventually run Shor’s algorithm at scale.
However, the White Whale emphasized that the timeline of the threat is completely false.
“A machine capable of breaking Bitcoin’s signatures doesn’t exist. Not in prototype form. Not in secret. Not in a lab somewhere,” he stated.
Institutions including NIST, NSA, CNSA-2, MIT, and Google’s quantum researchers are unanimous that Bitcoin faces no vulnerability this decade or next.
The earliest plausible window sits around 2045–2055.
Bitcoin Price Prediction: Resistance at $93K Flips Into SupportDespite the quantum FUD, Bitcoin has broken cleanly above $93,000 resistance, converting it into short-term support.
Trading firmly above the monthly open around $90,500, the market structure has shifted bullish after December’s pullback.
The 9-period SMA is curling upward beneath the price, signaling strengthening momentum on the 4-hour timeframe.
Source: TradingViewAs long as Bitcoin holds the breakout zone between $92,500 and $93,000, the chart suggests a continuation toward the next major liquidity area around $101,000.
A brief consolidation or retest is likely once that level is reached, but the broader trend now favors a push into the higher resistance cluster between $107,500 and $113,000.
However, a loss of the $93k level would shift focus back to the monthly open around $90k.
Maxi Doge Presale Gains MomentumBitcoin’s push back into bullish territory is sparking renewed interest in early-stage meme coins, and Maxi Doge ($MAXI) is quickly becoming one of the most talked-about presales of the cycle.
Positioned as a high-energy, community-driven project, Maxi Doge has already raised over $4.27 million since July.
The team is building more than just a token. They’re creating a space where traders can share early opportunities, trading alpha, and compete in fun contests like Maxi Ripped and Maxi Gains.
Up to 25% of the presale funds will be used for high-conviction market plays, with the profits reinvested into promoting the $MAXI ecosystem.
The token is currently priced at $0.0002715 and offers an attractive staking APY of 72% for early buyers.
To join, visit the official Maxi Doge website and connect a compatible wallet, such as Best Wallet.
You can complete your purchase using existing crypto or a bank card.
Visit the Official Maxi Doge Website Here
Follow us on Google News
2025-12-04 17:3216h ago
2025-12-04 12:0721h ago
TAO Breaks $300 Ahead of First Halving, Boosting Bullish Sentiment for Bittensor
The TAO token broke the $300 resistance, driven by the protocol’s imminent halving event.
The Bittensor (TAO) halving will reduce daily reward emissions by half, mimicking Bitcoin’s scarcity strategy.
The platform is positioned as a leader in decentralized AI, a sector that Wall Street suggests is on the verge of a “supercycle.”
Bittensor (TAO) showed green numbers in the market this Thursday after breaching the $300 threshold. This price movement occurs just days before the network’s first historic halving, a scheduled scarcity event that could allow bulls to target recent highs. Growing confidence in Bittensor’s role as a pioneering platform in decentralized AI and machine learning incentives positions TAO as one of the most-watched assets by traders.
The upward trend for TAO, which placed it above $300, represents a crucial moment. The altcoin surged past $314 before paring some of those gains. This rally is framed by renewed optimism for the Artificial Intelligence sector. Bittensor is already the leading AI-related coin by market capitalization, surpassing projects like NEAR Protocol and Render.
Wall Street giants support this optimism. Analysts from BlackRock and Bank of America are forecasting a new “supercycle” for AI, pointing out that the boom is not a bubble but is driven by real corporate investments and productivity gains. With the AI sector on the verge of an explosion, the imminent Bittensor (TAO) halving becomes a key catalyst.
The TAO Halving: Tokenomics and Scarcity
The Bittensor (TAO) halving, scheduled for approximately 10 days from now, has the central objective of modifying the protocol’s tokenomics. Currently, the network emits approximately 7,200 TAO daily to reward participants in its proof-of-intelligence consensus. However, the halving will reduce these daily emissions by half, dropping to 3,600 TAO.
With a total supply of 21 million tokens (just like Bitcoin), this event ensures the asset’s long-term scarcity as the adoption of Bittensor as a competitive marketplace for artificial intelligence grows.
Typically, these types of supply reductions fuel significant price increases; BTC jumped after its 2024 halving, and TAO bulls are anticipating a potential return to $500 (the all-time high was $795.6 in April 2024).
The governance vote surpassed the 60% threshold and secured rapid approval under the network’s on‑chain voting framework.
The Cardano pentad is asking for 70M ADA to bring the pentad of infrastructure.
Entities woke up, untied by a fork.
70M ADA = 30M USD today and we all know that the rest of the pentad will need (and they're willing to, by the way) to at least double that amount.
Why? 👇 pic.twitter.com/j2BV3PeagB
— stakepool_ (@stakepool_) November 30, 2025
The 70 million ADA will be used for stablecoin development, oracle reliability, cross‑chain capacity, custody support, and analytical frameworks. These components have been absent or underdeveloped for years.
By pooling efforts, the community aims to unlock the liquidity and application growth that rival chains have capitalized on.
Intersect will administer the funds and oversee the development timeline. The organization aims to cut delays by accelerating delivery rather than supporting more theoretical research.
Though the full list of partners remains undisclosed, early objectives involve major stablecoin issuers and a leading cross‑chain bridge provider.
NEW: $ADA | Cardano's core developing teams have voted in favor of a 70 million $ADA withdrawal from the treasury to fund infrastructure integrations.
Developing stablecoins, oracle feeds, bridges and more is planned with these funds. pic.twitter.com/a8EUvPB0hy
— crypto.news (@cryptodotnews) December 3, 2025
ADA Price Analysis: A Potential Rally Incoming?
As per CoinMarketCap data, ADA trades at $0.45, up almost 2% in the past 24 hours. The chart below shows that the token trades near a crucial zone after months of selling pressure.
A long descending trendline has dominated market sentiment, though ADA now sits near a point that traders often treat as a potential reversal region.
The green zone on the chart reflects a support area that continues to attract buyers.
A rebound from this level may allow ADA to climb toward the first major resistance cluster around the mid‑$0.50 region.
Source: TradingView
The dotted bullish projection outlines a possible rise toward the $0.90 zone, and a successful breakout above that band opens the path toward the target near $1.50.
However, failure to hold the green support could result in a 17% price drop. Traders may view this region as a last defense before deeper losses.
ADA Pushes for $1.50, but Bitcoin Hyper ($HYPER) Could Leave It in the Dust
While Cardano fights to reclaim momentum with hopes of a 200% rally, Bitcoin Hyper ($HYPER) is already redefining what a next-gen blockchain can look like.
Built on Solana tech, $HYPER combines Bitcoin’s trust layer with unmatched speed, scalability, and real-world utility.
BTC is plagued by slowness and high transaction costs. As a result, Bitcoin Hyper brings a fast, scalable Layer 2 solution that can handle real-time activity without placing strain on the BTC network.
Bitcoin Hyper is unleashing a major breakthrough for Bitcoin by using Solana-powered technology to unlock fast, low-cost smart contracts, NFTs, DeFi, and more.
This Layer 2 ecosystem brings unmatched speed and scale to Bitcoin’s trusted foundation, allowing developers and investors to finally tap into next-gen applications without leaving the BTC world behind.
At the core of this movement is the $HYPER token, already gaining major momentum. Nearly $29 million has been raised in the presale, with early buyers earning up to 40% staking rewards per year.
Time is running out as the price is set to increase in just 32 hours.
To get involved, visit the official Bitcoin Hyper website and connect any supported wallet, such as Best Wallet.
You can swap existing crypto or use a bank card to make your purchase in seconds.
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
A crypto journalist with over 5 years of experience in the industry, Parth has worked with major media outlets in the crypto and finance world, gathering experience and expertise in the space after surviving bear and bull markets over the years. Parth is also an author of 4 self-published books.
Parth Dubey on LinkedIn
2025-12-04 17:3216h ago
2025-12-04 12:2121h ago
Circle Brings USDCx to Canton Network Through xReserve Integration
Canton becomes first blockchain connected to Circle xReserve for cross-chain USDC liquidity access
USDCx maintains one-to-one backing with USDC without requiring third-party bridge infrastructure
Day one adoption included Cantor Fitzgerald, Cumberland DRW, IMC Trading and Digital Asset participants
Privacy-preserving payment architecture supports institutional compliance and confidential workflows
Circle has integrated USDCx on Canton Network through its xReserve protocol, marking Canton as the first blockchain connected to the cross-chain infrastructure. The integration provides USDC-backed stablecoin access to developers and institutions using the Layer 1 blockchain.
Canton specializes in privacy-focused financial applications and tokenized assets. The move enables atomic settlement capabilities without third-party bridge dependencies.
Canton Becomes First Chain on Circle xReserve
USDCx operates as a dollar stablecoin backed one-to-one by USDC held in the xReserve protocol. Users deposit USDC on Ethereum to trigger USDCx minting on Canton through the decentralized system.
The protocol works alongside Circle Gateway and Circle’s Cross-Chain Transfer Protocol to maintain interoperability across more than 20 blockchains.
Canton targets financial institutions with its compliance-focused infrastructure.
The blockchain supports synchronized applications while keeping transaction data confidential between parties. Its architecture enables smart contracts that preserve privacy during execution.
Financial institutions can operate on the network through independently governed nodes.
The integration addresses specific institutional requirements that traditional blockchains struggle to meet. Tokenized bonds, loans, repos, and wrapped Bitcoin on Canton can now settle instantly against USDCx.
This structure removes counterparty risk during asset transfers. Capital efficiency improves when settlements happen atomically rather than through sequential processes.
Day One Activity Shows Institutional Adoption
Multiple firms began using USDCx immediately after launch on Canton. Cantor Fitzgerald, Cumberland DRW, and IMC Trading processed live transactions on the network.
Digital Asset, which developed Canton’s underlying technology, participated in the initial activity. Trading firms QCP and Hydra X also conducted on-chain operations with the new stablecoin.
The participant list includes infrastructure providers and custody solutions. Dfns and Console Wallet support user access to USDCx on Canton. Security firm CertiK joined the launch participants.
Applications like Send and Loop enable payment workflows using the stablecoin. Temple provides additional tooling for network users.
Privacy-preserving payment capabilities serve treasury operations and compliance teams. Canton’s architecture allows confidential transaction processing while maintaining auditability. Institutions can conduct private transfers that meet regulatory requirements.
The system supports workflows requiring data confidentiality between counterparties.
Multi-party workflows benefit from USDCx interoperability across chains. Cross-border transfers route through Canton while maintaining connection to the broader USDC ecosystem.
Delivery versus payment transactions execute with atomic settlement guarantees. Institutional liquidity can flow between Canton and other networks through the xReserve protocol.
2025-12-04 17:3216h ago
2025-12-04 12:2221h ago
XRP Price Predictions: AI Forecasts $4.40 By March 2026, Analysts Target Up To $6
Recent bullish predictions for the XRP price have emerged, hinting at a potential for new all-time highs (ATHs) by March 2026 for one of the market’s leading altcoins.
XRP Price Projected To Reach New ATH By Q1 2026
According to projections from ChatGPT, XRP could reach approximately $4.40 by the first quarter of 2026, a notable increase of 120% from current levels around $2.
In contrast to the AI forecast, some analysts believe that the XRP price has the potential for a stronger rally. They suggest that structural changes could allow XRP to exceed $5 and potentially approach $6 by 2026.
Several factors support their optimistic view. For instance, key aspects of the US Securities and Exchange Commission’s (SEC) case against Ripple were resolved earlier this year, which they believe could encourage banks and payment providers to adopt XRP for cross-border transactions, fostering greater confidence in its utility.
Additionally, Ripple’s ecosystem is expanding well beyond XRP. In December 2024, the company launched a dollar-pegged stablecoin known as RLUSD, which has already achieved a market cap exceeding $1 billion.
While RLUSD itself may not directly boost XRP’s price, it has the potential to attract more participants to Ripple’s network, thereby creating secondary demand for XRP as a bridging asset.
Analysts posit that a steady pipeline of RLUSD adoption could enhance Ripple’s revenue growth, consequently driving the XRP price higher.
$2.60 Key For Momentum Shift
Moreover, analysts point to the upcoming Bitcoin (BTC) Halving, expected in 2028, as a potential catalyst for a broad crypto market rally. The analysts assert that the XRP price has historically benefited from such cycles.
From a technical standpoint, chart analysts see XRP setting up for a potential breakout. Price action has formed a base around the low $2 range, which could lay the groundwork for further recovery.
According to the analysts, if bullish momentum can push the token above significant resistance levels around $2.60, it could change momentum indicators to a positive stance. Moreover, a sustained rally into the mid-$3 territory might then pave the way for XRP to reach the $4 to $5 range.
The daily chart shows XRP’s consolidation above $2. Source: XRPUSDT on TradingView.com
When writing, the XRP price stands at $2.14, recording a 1.6% drop in the past 24 hours.
Featured image from DALL-E, chart from TradingView.com
2025-12-04 17:3216h ago
2025-12-04 12:2221h ago
CZ vs. Peter Schiff: Who Dominated the Bitcoin vs. Gold Battle in Dubai?
Debate reignites Bitcoin-vs-gold rivalry, with online sentiment favoring CZ.
Changpeng Zhao (CZ) and Peter Schiff went head-to-head on December 4 at the Binance Blockchain Week 2025 in Dubai, delivering one of the most talked-about Bitcoin-versus-gold debates in recent memory.
Their hour-long clash set the stage for a renewed global conversation around digital money, physical assets, and what truly defines value today.
A Tense Exchange Over Value, Scarcity, and Real-World Use
The debate unfolded in front of a lively crowd, and an even more vocal audience on X. Binance’s official account described the back-and-forth as “intense and intellectual,” noting how both speakers pushed hard on their core philosophies.
CZ wasted no time arguing that Bitcoin outperforms gold over longer time frames, stating, “I think gold would do well, but Bitcoin will do better.” He highlighted BTC’s fixed supply and transparency, noting that, unlike gold reserves, which are still partly guesswork, “we know exactly how much there is and where it all is.”
Schiff countered with a barrage of critiques, arguing that BTC “is backed by nothing,” has no industrial purpose, and can’t qualify as money since “nothing is priced in Bitcoin.” He added that most activity is speculative trading rather than commercial payments.
One of the most memorable moments came when CZ pulled out a 1kg gold bar from Kyrgyzstan and asked Schiff to verify it. The BTC critic replied he couldn’t confirm its authenticity without lab testing, a point CZ used to highlight Bitcoin’s ease of verification.
Both sides also clashed on payments. Schiff insisted that crypto cards simply sell Bitcoin for fiat. CZ replied that users care about speed and convenience, not what happens behind the scenes, adding that “people already use crypto for payments, conversions happen in the background.”
You may also like:
From Negative to Bullish: Coinbase Premium Signals Big Money Returning to Bitcoin
Coinbase Institutional Sees December Reversal Despite Bitcoin’s Brutal November
Aggressive Buyers Flood Futures Market at Levels Last Seen in Early 2023
Broader Implications and a Familiar Debate Reignited
Beyond the theatrics, the debate echoed a long-running argument about whether digital money can rival centuries-old stores of value. Schiff stuck firmly to gold’s physical traits, long lifespan, and central bank demand, warning that Bitcoin’s price swings reflect speculative cycles rather than real economic use.
CZ framed Bitcoin as a natural fit for a digital generation, being borderless, programmable, and predictable in supply. While the room offered no official winner, sentiment on X leaned toward CZ, with some arguing that Schiff’s points felt rooted in the past while his opponent presented a future-leaning vision shaped by global adoption.
Tags:
2025-12-04 17:3216h ago
2025-12-04 12:2821h ago
Portal to Bitcoin Secures $25M, Unveils Atomic OTC Desk
Portal to Bitcoin raised $25M and launched an atomic OTC desk that enables swaps between native assets without custodians or wrapped tokens.
The service runs on a Layer 3 with HTLC contracts and a federation of validators that only match orders and guarantee fund returns if something fails.
The network targets around 150 validators on an EVMOS-based Notary Chain and aims to offer institutions real BTC liquidity without bridges or intermediaries.
Portal to Bitcoin raised $25 million and activated its new atomic OTC desk focused on institutional flows — a move designed to position Bitcoin again as the settlement layer for large global transactions, without unnecessary intermediaries.
The round was led by JTSA Global, with existing backers such as Coinbase Ventures, OKX Ventures and Arrington Capital joining in. But the key development is that Portal to Bitcoin launched its OTC desk built on HTLC contracts, enabling instant cross-chain settlement without requiring custodians, bridges or wrapped tokens.
The new service — essentially an institutional-grade version of atomic swaps like those used in THORChain or Chainflip — targets real liquidity for whales and institutions: native BTC for native assets on other blockchains, executed through Taproot + HTLC contracts, with guaranteed fund return if anything goes wrong. No wrapped assets, no third parties; only native, verifiable assets.
Technically, it runs on its own Layer 3, BitScaler — reminiscent of the Lightning model — which opens channels in a hub-and-spoke structure. At the center sits a federation of validators (“Portal Guardians”); at the edges, liquidity providers. Transactions execute through HTLCs, ensuring that either both sides complete or funds return to their origin. If there is an error or expiration, no one loses money.
The Role of Validators Inside Portal to Bitcoin
Portal to Bitcoin distinguishes itself from THORChain or Chainflip, which rely on custodial vaults and depend on validator honesty. Here, the goal is to minimize trust assumptions: validators only match orders, they do not manage funds.
The system uses a Notary Chain built on EVMOS. Today the validator set is permissioned, but the plan is to open it through staking auctions using the PBT token. The network aims for up to 150 validators, seeking real decentralization without compromising security. Validators do not control pools or vaults: their tasks are matching, accounting, cross-chain contract execution and, later, operating an AMM once the system migrates from an order book.
Bitcoin Returns to the Center of Large-Scale Trades
Of course, no system is immune. While validators cannot steal funds, they could censor swaps, distort prices, halt liquidity or disable services if they act maliciously or go offline. Portal to Bitcoin aims to minimize risk, but oversight will remain essential.
Portal to Bitcoin is positioning itself as a new bridge for institutions that want to operate with real BTC in a global market, without relying on custodians, bridges or synthetic tokens. If the model scales as promised, it could reshape how large transactions are executed in the crypto market
2025-12-04 17:3216h ago
2025-12-04 12:3021h ago
Bitcoin data shows over 25% of supply now underwater
This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. Each of the company logos represented herein are trademarks of Microsoft Corporation; Dow Jones & Company; Nasdaq, Inc.; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.
Copyright 2025 Zacks Investment Research 101 N Wacker Drive, Floor 15, Chicago, IL 60606
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.93% per year. These returns cover a period from January 1, 1988 through October 6, 2025. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
Visit Performance Disclosure for information about the performance numbers displayed above.
Visit www.zacksdata.com to get our data and content for your mobile app or website.
Real time prices by BATS. Delayed quotes by Sungard.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This site is protected by reCAPTCHA and the Google Privacy Policy, DMCA Policy and Terms of Service apply.
2025-12-04 16:3217h ago
2025-12-04 11:1622h ago
CCL's ROIC Climbs to 13%: Is a New Profitability Cycle Taking Shape?
Key Takeaways Carnival's ROIC reached 13% in Q3 FY25, its strongest level since 2007.Same-ship yields rose 4.6% on close-in demand and higher onboard spending.Lighter capital spending and debt reduction likely support further return gains.
Carnival Corporation & plc (CCL - Free Report) is entering its next stage of operational recovery with a meaningfully stronger return profile, highlighted by return on invested capital (ROIC) reaching 13% in the third quarter of fiscal 2025 — its highest level since 2007. While booking momentum and destination upgrades continue to influence broader performance trends, the renewed efficiency of the company’s asset base is emerging as a central indicator of its medium-term value-creation potential.
Carnival attributed the improvement to stronger commercial execution and disciplined cost management. During the fiscal third quarter, same-ship yields rose 4.6% year over year, supported by healthy close-in demand and elevated onboard spending, while unit costs came in better than expected, driven by ongoing efficiency efforts. Management also highlighted that a majority of system capacity is now generating double-digit returns — already above the cost of capital — though still short of historical highs for several brands. This indicates additional room for ROIC expansion as modernization programs continue to roll through the fleet.
Carnival’s capital allocation strategy is reinforcing this momentum. The company reduced secured debt by nearly $2.5 billion and refinanced more than $11 billion of obligations at favorable rates. In fiscal 2025, CCL expects the net-debt-to-EBITDA ratio to be 3.6x, and anticipates a further decline in early fiscal 2026. With no new ship deliveries scheduled for 2026 and only one per year in the years that follow, the company expects a materially lighter capital-spending profile. This gives Carnival greater flexibility to continue lowering debt and strengthens the path toward eventually reinstating shareholder returns once its balance-sheet targets are met.
At the brand level, the majority of system capacity is now generating double-digit returns, though several brands still have room to close the gap with historical peaks. Initiatives such as AIDA’s multi-year Evolutions modernization program, Carnival Cruise Line’s upcoming marketing and loyalty enhancements, and continued destination-driven upgrades are expected to support further return accretion over the coming years.
With improving commercial execution, declining leverage and a pipeline of operational enhancements, Carnival appears to be building the foundation for a more sustainable, higher-return cycle heading into 2026.
Peer ComparisonsNorwegian Cruise Line Holdings (NCLH - Free Report) is sharpening its return profile through a combination of commercial upgrades, fleet optimization and cost discipline designed to lift ROIC over the next several years. To accelerate returns, NCLH is repositioning the NCL brand toward higher-occupancy short Caribbean itineraries, a shift already driving stronger Load Factors and better profitability per sailing. Investments in Great Stirrup Cay — including a new pier, pool complex and the upcoming Great Tides Water Park — are aimed at raising asset productivity and deepening onboard monetization. Commercial enhancements such as a revamped brand campaign, upgraded website and increasingly personalized pre-cruise offers are contributing to record pre-cruise revenues. These measures sit alongside a $300 million multi-year cost-savings program and the full elimination of secured debt, moves that likely lower NCLH’s cost of capital and provide clearer visibility on ROIC expansion as earnings compound.
Royal Caribbean Cruises Ltd. (RCL - Free Report) is pursuing a more advanced return trajectory, guided by its long-term “Perfecta” framework, which targets high-teens ROIC by 2027. Management highlighted that years of sustained yield growth — now up more than 30% versus 2019 — combined with a disciplined cost approach, are positioning the company to deliver on that objective. To support sustained return accretion, RCL is leaning into a slate of high-ROIC assets, including the Icon-class ships, the upcoming Star of the Seas and Celebrity Xcel and a growing portfolio of exclusive destinations such as Royal Beach Club Paradise Island, Royal Beach Club Santorini and Perfect Day in Mexico. Technology and AI-driven commercial tools are further strengthening yield management and pre-cruise onboard sales. With leverage already below 3x and capital returns active through dividends and buybacks, RCL’s balance-sheet strength enables the company to fund high-return growth while still returning cash to its shareholders.
CCL’s Price Performance, Valuation & EstimatesShares of Carnival have declined 17.5% in the past three months compared with the industry’s fall of 13.8%.
CCL Three-Month Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, CCL trades at a forward price-to-earnings ratio of 12.01, significantly below the industry’s average of 15.78.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for CCL’s fiscal 2025 and 2026 earnings implies a year-over-year uptick of 52.8% and 10.8%, respectively. The EPS estimates for fiscal 2025 and 2026 have increased in the past 60 days.
Image Source: Zacks Investment Research
CCL stock currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
2025-12-04 16:3217h ago
2025-12-04 11:1622h ago
Stanley Black Exhibits Strong Prospects Despite Persisting Headwinds