Market Signal Briefing

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CORAL GABLES, Fla.--(BUSINESS WIRE)--Amerant Bancorp Inc. (NYSE: AMTB) (“Amerant” or the “Company”), today announced it will release fourth quarter 2025 results on Thursday, January 22, 2026, after the market closes. Once released, investors may access Amerant’s results at https://investor.amerantbank.com by choosing “Financial Results” under the “Financials Info” heading.

On Friday, January 23, 2026, Carlos Iafigliola, Senior Executive Vice-President and Interim Chief Executive Officer, and Sharymar Calderón, Senior Executive Vice-President and Chief Financial Officer, will host a conference call at 9:00 AM ET to discuss the Company’s fourth quarter 2025 financial and operating results.

Conference Call Details

Participant Dial-In: (866) 405-1245 / (215) 268-9857

Click here for participant International Toll-Free access numbers

Webcast Access:

The conference call will be webcast live online and may be accessed through the investor relations section of the Company’s website, www.amerantbank.com, in “IR Calendar” under the “News & Events” heading. A replay of the webcast will be available on the Company's website for approximately one month.

About Amerant Bancorp Inc.

Amerant Bancorp Inc. is a bank holding company headquartered in Coral Gables, Florida since 1979. The Company operates through its main subsidiary, Amerant Bank, N.A. (the “Bank”), as well as its other subsidiary, Amerant Investments, Inc. The Company provides individuals and businesses with deposit, credit and wealth management services. The Bank, which has operated for over 45 years, is headquartered in Florida and operates 23 banking centers – 21 in South Florida and 2 in Tampa, FL. For more information, visit investor.amerantbank.com

More News From Amerant Bancorp Inc.

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Investors today are cheering envudeucitinib's Phase 3 edge in oral TYK2 psoriasis as well as Alumis' plans to raise fresh capital.

Today's Change

(

95.31

%) $

7.92

Current Price

$

16.23

Alumis (ALMS +95.31%), which develops targeted therapies for immune-mediated diseases, closed Tuesday’s session at $16.23, up 95.31%. Trading volume reached 64.1 million shares, coming in about 3,077% above its three-month average of 2 million shares.

Tuesday's move followed Phase 3 psoriasis data for envudeucitinib, which investors are treating as a potential commercial inflection point. The focus is now watching New Drug Application (NDA) timing and competitive dynamics in oral TYK2 inhibitors.

How the markets moved todayThe S&P 500 (^GSPC +0.62%) rose 0.62% to 6,945, while the Nasdaq Composite (^IXIC +0.65%) gained 0.65% to finish at 23,547. Biotechnology peers Summit Therapeutics (SMMT +7.00%) and Insmed (INSM 0.07%) saw mixed moves, underscoring how stock-specific trial readouts are driving sentiment across the biotechnology group.

What this means for investorsAlumis is a clinical-stage biopharmaceutical company developing next-generation targeted therapies for patients with immune-mediated diseases. Today's positive Phase 3 results achieved both primary and secondary endpoints with strong statistical significance in individuals with moderate-to-severe plaque psoriasis.

Small biotech and big pharma stocks typically react differently to trial news like this. Many smaller biotechs have binary outcomes where shares either soar or crash based on results. That explains why Alumis shares nearly doubled today.

The company is also taking advantage of that move by announcing plans to begin an offering of $175.0 million of shares of its common stock. That timely capital raise will help the company commercialize envudeucitinib and the rest of its drug pipeline.

Howard Smith has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Summit Therapeutics. The Motley Fool has a disclosure policy.

DEERFIELD, Ill.--(BUSINESS WIRE)--Baxter International Inc. (NYSE:BAX), a global medtech leader, will present at the J.P. Morgan 2026 Healthcare Conference on Monday, January 12, 2026. Andrew Hider, Baxter’s president and chief executive officer, is scheduled to present at 2:15 p.m. Pacific Time.

The live webcast of Baxter’s presentation can be accessed at www.baxter.com and will be available for replay through Saturday, July 11, 2026.

About Baxter

At Baxter, we are everywhere healthcare happens – and everywhere it is going, with essential solutions in the hospital, physician's office and other sites of care. For nearly a century, our customers have counted on us as a vital and trusted partner. And every day, millions of patients and healthcare providers rely on our unmatched portfolio of connected solutions, medical devices, and advanced injectable technologies. Approximately 38,000 Baxter team members live our enduring Mission: to Save and Sustain Lives. Together, we are redefining how care is delivered to make a greater impact today, tomorrow, and beyond. To learn more, visit www.baxter.com and follow us on X, LinkedIn and Facebook.

More News From Baxter International Inc.

January 6, 2026 – Vancouver, British Columbia – TheNewswire - Clean Seed Capital Group Ltd. (“ Clean Seed ” or the “ Company ”) (NEX: CSX.H) will hold a conference call on Wednesday, January 7, 2026 at 11am PST for its annual general meeting.   Participants can dial-in using +1 437-703-1516 and a phone conference ID of 615-390-779#.

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In Jayud (JYD) To Contact Him Directly To Discuss Their Options

If you purchased or acquired Jayud securities between April 21, 2023, and April 30, 2025 and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Melissa Forunato directly at (212) 355-4648.

Click here to participate in the action.

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) --

What’s Happening?

Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, announces that a class action lawsuit has been filed against Jayud Global Logistics Ltd. (“Jayud” or the “Company”) (NASDAQ:JYD) in the United States District Court for the Southern District of New York on behalf of all persons and entities who purchased or otherwise acquired Jayud securities between April 21, 2023, and April 30, 2025, both dates inclusive (the “Class Period”). Investors have until January 19, 2026 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
What are the Allegation Details?

The Complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements and failed to disclose material adverse facts about the Company’s business, operations, and the true nature of the trading activity in its securities. Specifically, the Complaint alleges that Defendants failed to disclose to investors: (1) that Jayud was the subject of a fraudulent stock promotion scheme involving social media-based misinformation and impersonated financial professionals; (2) that insiders and/or affiliates used offshore or nominee accounts to facilitate the coordinated dumping of shares during a price inflation campaign; (3) that Jayud’s public statements and risk disclosures omitted any mention of the false rumors and artificial trading activity driving the stock price; and (4) that, as a result of the foregoing, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
What are the Next Steps?

If you purchased or otherwise acquired Jayud shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Melissa Fortunato by email at [email protected], telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:

Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, South Carolina, and California. The firm represents individual and institutional investors in securities, derivative, and commercial litigation as well as individuals in consumer protection and data privacy litigation. The firm has a nationwide practice and routinely handles cases in both federal and state courts. For more information about the firm, please visit www.bespc.com.  Attorney advertising.  Prior results do not guarantee similar outcomes.

Follow us for updates on LinkedIn, X, and Facebook, and keep up with other news by following Brandon Walker, Esq. on LinkedIn and X.

Contact Information:

Bragar Eagel & Squire, P.C.
Brandon Walker, Esq.
Melissa Fortunato, Esq.
(212) 355-4648
[email protected]
www.bespc.com

NEW YORK, Jan. 06, 2026 (GLOBE NEWSWIRE) -- Adamas Trust, Inc. (Nasdaq: ADAM) (the “Company”) announced today the pricing of an underwritten public offering of $90 million aggregate principal amount of its 9.250% senior notes due 2031 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $13.5 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on January 13, 2026, subject to the satisfaction of customary closing conditions.

The Company has applied to list the Notes on the Nasdaq Global Select Market (“Nasdaq”) under the symbol “ADAMO” and, if the application is approved, expects trading in the Notes on Nasdaq to begin within 30 days after the Notes are first issued.

The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, acquiring the Company’s targeted assets and/or repayment of existing indebtedness.

The Notes will be senior unsecured obligations of the Company and pay interest quarterly in cash on January 1, April 1, July 1 and October 1 of each year, commencing April 1, 2026. The Notes will mature on April 1, 2031, and may be redeemed, in whole or in part, at any time, or from time to time, at the Company’s option on or after April 1, 2028.

Morgan Stanley & Co. LLC, Keefe, Bruyette & Woods, Inc., Piper Sandler & Co., RBC Capital Markets, LLC, UBS Investment Bank and Wells Fargo Securities, LLC acted as joint book-running managers of the offering.

The offering was made pursuant to the Company’s existing shelf registration statement, which was declared effective by the Securities and Exchange Commission (the “SEC”) on September 16, 2025. The offering of these securities was made only by means of a prospectus and a related prospectus supplement, which will be filed with the SEC. Copies of the prospectus and prospectus supplement related to this offering may be obtained, when available, by contacting:

Morgan Stanley & Co. LLC
180 Varick St., 2nd Floor
New York, New York 10014
Attn: Prospectus Department
Toll-Free: 1-800-584-6837

Keefe, Bruyette & Woods, Inc.
787 Seventh Avenue, 4th Floor
New York, New York 10019
Toll-Free: 1-800-966-1559

Piper Sandler & Co.
1251 Avenue of the Americas, 6th Floor
New York, New York 10020
Attn: Debt Capital Markets
Email: [email protected] 

RBC Capital Markets, LLC
Brookfield Place
200 Vesey Street, 8th Floor
New York, New York 10281
Email: [email protected] 
Toll-Free: 1-866-375-6829

UBS Investment Bank
11 Madison Avenue
New York, New York 10010
Attn: Prospectus Department
Toll-Free: 1-833-481-0269

Wells Fargo Securities, LLC
608 2nd Avenue South, Suite 1000
Minneapolis, Minnesota 55402
Attn: WFS Customer Service
Email: [email protected] 
Toll-Free: 1-800-645-3751

This press release shall not constitute an offer to sell or the solicitation of an offer to buy the Notes or any other securities, nor shall there be any sale of such Notes or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

About Adamas Trust, Inc.

Adamas Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. Adamas is an internally-managed REIT focused on strategically deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders through disciplined portfolio management and an operating platform designed to capture opportunities across real estate and capital markets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements involve numerous risks and uncertainties. The Company’s actual results may differ from the Company’s beliefs, expectations, estimates and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements are not historical in nature and can be identified by words such as “anticipate,” “estimate,” “will,” “should,” “expect,” “believe,” “intend,” “seek,” “plan” and similar expressions or their negative forms, or by references to strategy, plans, or intentions. Forward-looking statements are based on the Company’s beliefs, assumptions and expectations of the Company’s future performance, taking into account information currently available to the Company. No assurance can be given that the offering discussed above will be completed on the terms described or at all, or that the net proceeds of the offering will be used as indicated. Completion of the offering on the terms described and the application of the net proceeds of the offering are subject to numerous possible events, factors and conditions, many of which are beyond the control of the Company and not all of which are known to the Company. These forward-looking statements are subject to risks and uncertainties, including, without limitation, market conditions and those described under the heading “Risk Factors” in the prospectus supplement relating to the offering and in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under “Item 1A. Risk Factors” and the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2025 under “Item 1A. Risk Factors.” Other risks, uncertainties, and factors that could cause actual results to differ materially from those projected may be described from time to time in reports the Company files with the SEC, including reports on Forms 10-Q and 8-K. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time, and it is not possible to predict those events or how they may affect the Company. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

For Further Information

AT THE COMPANY        
Investor Relations
Phone: 212-792-0107
Email: [email protected] 

Dallas, Texas--(Newsfile Corp. - January 6, 2026) - Viemed Healthcare, Inc. (NASDAQ: VMD). Stonegate Capital Partners initiates their coverage on Viemed Healthcare, Inc. (NASDAQ: VMD). Viemed Healthcare is the leading U.S. provider of in-home post-acute respiratory care, specializing in non-invasive ventilation ("NIV") for patients with COPD and chronic respiratory failure. The Company delivers care through a clinician-driven, high-touch model that integrates respiratory therapists, proprietary clinical workflows, and continuous patient monitoring to improve outcomes and reduce total cost of care. While ventilation remains the core foundation of the business, Viemed has successfully diversified into complementary services—including sleep therapy and resupply, oxygen therapy, staffing, and maternity care—creating a more resilient and scalable platform.

To view the full announcement, including downloadable images, bios, and more, click here.

Key Takeaways:

Leading U.S. provider of in-home post-acute respiratory care, specializing in non-invasive ventilation for COPD and chronic respiratory failure. 15 consecutive quarters of organic growth, highlighted by continued diversification among portfolio of services. Strong full year guidance implying ~20% y/y revenue growth and ~22% EBTIDA margins.

Click image above to view full announcement.

About Stonegate
Stonegate Capital Partners is a leading capital markets advisory firm providing investor relations, equity research, and institutional investor outreach services for public companies. Our affiliate, Stonegate Capital Markets (member FINRA) provides a full spectrum of investment banking services for public and private companies.

Source: Stonegate, Inc.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279671

Source: Reportable, Inc.

Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.

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Market Domination Overtime anchor Josh Lipton breaks down the latest market news for January 6, 2026. The early 2026 rally builds steam as the Dow Jones Industrial Average and S&P 500 close at record highs.

indie Semiconductor, Inc. offers a compelling long-term story in auto tech, robotics, and quantum computing, but revenue momentum remains elusive. INDI boasts a $7.4 billion strategic backlog, yet market confidence is waning due to slow conversion of orders to sales. Despite high-profile robotics clients and new auto OEM ramps, 2027 revenue targets have been sharply reduced, reflecting execution risk.

Los Angeles, California, Jan. 06, 2026 (GLOBE NEWSWIRE) -- The InterGroup Corporation (NASDAQ: INTG) (the “Company” or “InterGroup”) announced today that on December 29, 2025, it completed the sale of a non-core 12-unit apartment complex in Los Angeles County for a gross sales price of approximately $4,850,000.

InterGroup expects to report a GAAP net gain on sale of approximately $3,509,000, which will be reflected in the Company’s Form 10‑Q for the quarter ended December 31, 2025. The transaction is expected to result in federal and state income tax liability, the amount of which will be determined based on the Company’s final tax position and applicable tax rules.

Transaction highlights

Gross sales price: approximately $4,850,000Debt repaid at closing: approximately $1,859,000Net cash proceeds: approximately $2,577,000 (after repayment of debt and customary closing adjustments and transaction costs)Estimated GAAP net gain on sale: approximately $3,509,000 Additional clarification: Net cash proceeds reflect debt repayment and customary settlement items at closing, while the GAAP gain is calculated based on the net consideration received less the property’s carrying value and applicable costs to sell, in accordance with U.S. GAAP.

Management commentary

David C. Gonzalez, Chief Operating Officer of InterGroup, said:
“Selling this small, non-core asset in the normal course of business is consistent with our approach of actively managing the portfolio and enhancing liquidity. The transaction provides additional working capital and allows us to continue prioritizing our core holdings and operating initiatives.”

John V. Winfield, Chairman and Chief Executive Officer of InterGroup, added:
“This transaction reinforces management’s long-held view that historical-cost accounting for real estate under GAAP can differ materially from realizable values. The gain realized on this sale is one example of that potential difference and supports our belief that there may be intrinsic value in our real estate portfolio that is not fully reflected in the Company’s GAAP financial statements.”

About The InterGroup Corporation

The InterGroup Corporation (NASDAQ: INTG) is a diversified holding company with interests in hospitality, real estate, and marketable securities. InterGroup’s portfolio includes a majority interest in Portsmouth Square, Inc., which owns the Hilton San Francisco Financial District.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of federal securities laws, including statements regarding the expected GAAP gain on sale, anticipated benefits of the transaction, and expected tax impacts. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including final accounting conclusions and tax determinations, and other factors described in the Company’s filings with the Securities and Exchange Commission, including the Company’s most recent periodic reports. The Company undertakes no obligation to update forward-looking statements except as required by law.

Investor Contact

The InterGroup Corporation
1516 S. Bundy Drive, Suite 200
Los Angeles, CA 90025
(310) 889-2500

(Photo by Gary Hershorn/Getty Images)

Getty Images

On January 05, 2026, Comcast Corporation (NASDAQ: CMCSA; $28.13; Market Cap: $102.5 billion) and Versant Media Group, Inc. (NASDAQ: VSNT; $40.57; Market Cap: $5.9 billion) started regular-way trading. VSNT opened at $45.17, made an intraday high of $45.65, and a low of $39.45, before closing at $40.57. CMCSA opened at $27.73, made an intraday high of $28.93, and a low of $27.71, before closing at $28.13.

Comcast Price Performance Spin-Off Details

Spin-Off Research

Following the separation, Comcast (Stub) will focus on its core growth areas of broadband, wireless, business services, streaming, and theme parks. It also retained select NBCUniversal assets, including NBC, one of the major US broadcast networks, Peacock, its streaming platform, and Bravo, known for its reality TV content. The strategic separation allows Comcast to sharpen its focus across its Connectivity & Platform and Content & Experiences segments. Meanwhile, Versant includes a news portfolio featuring MSNBC and CNBC. It also houses key sports assets such as USA Network and The Golf Channel, entertainment brands like USA, E!, and Oxygen, and a complementary digital business including GolfNow, SportsEngine, Fandango, and Rotten Tomatoes.

Key Data CMCSA Key Data VSNT Tops 5 Share holders Comcast Top 5 Shareholders VSNT

Spin-Off Research

Earlier, on November 20, 2024, Comcast’s board of directors announced its decision to actively pursue a tax-free separation of certain networks and complementary digital platforms business. Accordingly, on September 19, 2025, Comcast Corporation announced the public filing of a Form 10 registration statement with the SEC, disclosing the deal overview and separation agreement.

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On December 03, 2025, Comcast Corporation announced the distribution, record date and timelines for the spin-off of Versant. As per the arrangement, Comcast shareholders received one share of Versant for every twenty-five shares held in Comcast. The spin-off was tax-free to shareholders. The record date for the spin-off was December 16, 2025. Starting December 15, 2025, both Comcast and Versant traded on a “when-issued” basis. This period began one trading day before the Record Date and continued until the distribution date. During the window, Comcast traded under the ticker “CMCSV” and Versant under “VSNTV.” The spin-off distribution occurred on January 02, 2026. Comcast continues to trade on NASDAQ under the ticker “CMCSA”, and Versant listed on NASDAQ under the “VSNT” ticker.

Versant issued weak FY26 guidance with expected revenue decline of 3.0-7.0% and adj. EBITDA decline of 7.0-14.0%, citing weakness in linear Pay TV and lower post-election audience engagement. To counter near-term weakness, management announced a strategic shift to non- Pay TV businesses, aiming to grow their revenue mix from 17.0% in 2024 to approximately 50.0% long-term. Achieving this target implies a challenging >15% annual growth rate for non-Pay TV over the next 3-5 years, which appears ambitious given the competitive landscape and near-term uncertainty over linear TV prospects. Nonethless, the stock is attractively valued, and we maintain a BUY rating on Versant with price target of $55.70 per share, suggesting an upside of 37.3%. Comcast, despite slowing broadband growth, remains dominant. Its studio, theme parks, and Peacock offer long-term promise. For Comcast (Stub), we maintain a BUY rating with a price target of $36.20 per share, suggesting an upside of 28.7%.

Deal Overview
On, November 20, 2024, Comcast’s board of directors announced its decision to actively pursue a tax-free separation of certain networks and complementary digital platforms business.
Following the spin-off, Versant includes a robust news portfolio featuring MSNBC and CNBC. It also houses key sports assets such as USA Network and The Golf Channel, entertainment brands like USA, E!, and Oxygen, and a complementary digital business including GolfNow, SportsEngine, Fandango, and Rotten Tomatoes. Comcast (Stub) continues to focus on its core growth areas: broadband, wireless, business services, streaming, and theme parks. It will also retain select NBCUniversal assets, including NBC, one of the major US broadcast networks, Peacock, its streaming platform, and Bravo, known for its reality TV content. This strategic separation allows Comcast to sharpen its focus across its Connectivity & Platform and Content & Experiences segments.

Accordingly on September 19, 2025, Comcast Corporation announced the public filing of a Form 10 registration statement with the SEC on the planned separation of Versant.
As per the pro forma financials, Versant incur up to approximately $2.75 billion in new debt in the form of senior secured term loans. The company used a portion of these proceeds to make a cash payment of approximately $2.25 billion to Comcast as consideration for the assets that were contributed. The remaining balance was utilised for the company’s general corporate purposes.

The separation was tax-free for Comcast and its stockholders for US federal income tax purposes, except for any cash received in lieu of fractional shares. Subsequently on, December 03, 2025, Comcast announced the distribution, record date and timelines for the spin-off of Versant. The record date for the spin-off was December 16, 2025. Comcast shareholders received one share of Versant’s common stock for twenty-five shares of Comcast stock they own, resulting in a spin-off ratio of 1:25.

Starting December 15, 2025, both Comcast and Versant started trading on a “when issued” basis. This period began one trading day before the Record Date and continued until the distribution date. During this window, Comcast traded under the ticker “CMCSV” and Versant under “VSNTV.” The spinoff distribution occurred on January 02, 2026. Versant started trading on a Regular-way basis on the NASDAQ starting January 05, 2026. Comcast continues to trade on NASDAQ under the ticker “CMCSA”, and Versant listed on NASDAQ under the “VSNT” ticker.
Post separation, Mark Lazarus is the CEO of Versant, who was the chairman of NBCUniversal’s media group. NBCUniversal’s former CFO, Anand Kini, is serving as the CFO and COO of Versant.

Deal Rationale
NBCUniversal’s cable networks are relatively minor assets for Comcast, generating approximately $7 billion in revenue in FY24, which accounts for about 5.7% of Comcast’s total revenue. The segment has experienced a negative CAGR of 6.9% from FY18 to FY24, indicating a consistent decline and reflecting that these businesses no longer generate sufficient revenue to cover their costs.

The cable networks industry is facing declining revenues and subscriber numbers as more consumers switch to streaming services. Traditional cable networks have seen a steady drop in viewership, further exacerbated by the rise of on-demand content, which offers greater flexibility and variety compared to scheduled programming. With fewer subscribers, cable networks are generating less revenue from both subscription fees and advertising. Advertisers are increasingly shifting their budgets to digital platforms where they can target audiences more effectively. In response, Comcast launched its own streaming platform, Peacock, in 2020 to compete with Netflix, Amazon Prime, and Disney.

As per media articles, Comcast lost 1.6 million TV customers during the FY24. The industry overall lost roughly 7 million traditional pay TV customers in the FY24.
Additionally, MSNBC, Comcast’s news-based TV channel, has faced intense scrutiny following Donald Trump’s election victory earlier this month. Ratings for MSNBC have dropped significantly since the election, while viewership for the right-wing Fox News has remained steady.
According to media reports, divesting this segment will likely enable Comcast to better showcase its more profitable core divisions. Brian L. Roberts, Chairman and CEO of Comcast, mentioned that the spin-off will allow the company to concentrate on its core growth areas, including residential broadband, wireless services, and streaming through Peacock.

Mark Lazarus, CEO of Versant, is optimistic about the growth opportunities this transition will bring. He believes that as an independent company, Versant will be better positioned to serve its audiences and enhance shareholder returns in the dynamic media landscape. However, there are still questions about how the spun-off networks will function independently, particularly regarding their ability to secure content and distribution deals without the support of the NBCUniversal brand. According to management, Versant will offer a diverse and unique content portfolio that will reach around 70 million US households, making it highly appealing to investors, content creators, distributors, consumers, and potential partners. The company will benefit from significant cash flow, a strong balance sheet, and the financial flexibility to pursue growth opportunities both organically and through acquisitions. Profits for Versant will be reinvested into businesses such as CNBC and MSNBC, rather than being allocated to Peacock and NBCUniversal’s theme parks.

Investment Thesis
Comcast (Stub)
Strong core broadband business
Comcast operates a HFC network, offering a cost-efficient foundation for delivering high-speed broadband services. Over the past decade, the company has invested more than $80 billion to enhance its network capabilities, including the rollout of DOCSIS 3.1 technology. This upgrade has enabled gigabit-speed internet with minimal incremental capital expenditure.

As a result of these investments and strategic execution, Comcast has grown its broadband market share in its service areas from roughly 50% to over 60%. This expansion has solidified its position as the leading broadband provider in many markets, often serving a customer base twice the size of its nearest competitors. Its dominance is particularly evident in regions where incumbent telecom providers have lagged in deploying fiber infrastructure.

Water Solutions positioned for growth amid global challenges and PFAS regulations
DuPont’s Water Solutions segment stands at the forefront of addressing critical global water issues through its advanced reverse osmosis (RO) and ultrafiltration technologies. These solutions are essential for applications such as desalination, wastewater reuse, and the removal of PFAS (Per- and Polyfluoroalkyl Substances) contaminants. Leveraging a unique combination of RO and ion exchange (IEX) technologies, DuPont can reduce PFAS levels in drinking water to below detectable thresholds—an increasingly valuable capability as global regulatory scrutiny intensifies. This dual functionality not only meets compliance demands but also opens up significant commercial opportunities. With rising investments in water infrastructure, particularly in regions grappling with severe water scarcity, the segment is projected to achieve mid single-digit organic growth. DuPont’s global footprint and technological edge highlighted by its FilmTec RO membrane portfolio—solidify its role as a trusted partner for sustainable water solutions across municipal and industrial sectors.

Faces increased competition from wireless offerings
Comcast is facing intensifying competition in the broadband market from a growing array of challengers, including fixed-wireless providers like Verizon and T-Mobile, as well as fiber overbuilders and satellite broadband services such as Starlink. These alternatives are gaining traction, particularly in areas where Comcast’s infrastructure is less robust or costly to expand. The rise of 5G fixed wireless access (FWA) and satellite technologies presents a credible threat by offering viable broadband options in underserved or hard-to-reach regions. In response, Comcast is doubling down on its converged product strategy, which integrates broadband and wireless services into a unified offering. This approach has proven effective in reducing customer churn and boosting customer lifetime value.

Peacock streaming business gaining traction, but remains unprofitable
Peacock, Comcast’s streaming platform, has continued to gain traction in 2025, reaching 41 million subscribers by the end of the first quarter. The service has benefited from a strategic focus on premium content and cost discipline, particularly through reduced sports programming expenses. This contributed to a 21.5% YoY increase in media EBITDA, despite broader profitability pressures across Comcast’s media segment. While Peacock remains a key pillar of Comcast’s direct-to-consumer strategy, it still operates at a loss, reflecting the high content and customer acquisition costs typical of the streaming industry. Nonetheless, its growing scale and improving margins suggest it is becoming a more sustainable component of Comcast’s diversified media portfolio.

Studio business outlook appears strong
Comcast’s studio business, housed within NBCUniversal, continues to be a bright spot in the company’s portfolio and is expected to play a central role in its long-term strategy. In 1Q25, the studio division posted a 3% YoY revenue increase to $2.83 billion, driven by strong box office performances from titles like Despicable Me 4 and Wicked. This follows a robust 2024, where the studio nearly tripled its EBITDA, highlighting its ability to generate high-margin content across theatrical, streaming, and licensing channels. With a strategic focus on high-value content and cross-platform synergy, the studio business stands out as a resilient and increasingly vital part of Comcast’s media portfolio.

Legacy broadcast and cable networks business faces structural decline
Within Comcast’s media segment, broadcast and cable networks are facing mounting structural challenges due to the accelerating decline of linear TV. The spin-off business, once expected to generate $7.0 billion in annual revenues, now grapples with the accelerating trend of cord-cutting, which steadily diminishes the traditional pay-TV subscriber base, while advertisers shift spending toward digital platforms with bettern targeting capabilities. Despite ongoing investments in premium content, declining viewership and rising content costs are compressing margins. Although Comcast is ever aging its content across platforms like Peacock to offset these pressures, the transition remains complex and capital-intensive, with digital gains yet to fully compensate for legacy media losses.

Theme Park poised for long term growth
Comcast’s theme park division is poised for significant growth in 2025, driven by the highly anticipated launch of Epic Universe in Orlando, which is expected to double its regional footprint and boost attendance. While existing park attendance has plateaued, new ventures like Universal Horror Unleashed in Las Vegas and Universal Kids Resort in Texas reflect a broader expansion strategy. Despite short-term cost pressures from pre-opening expenses, the long-term outlook is strong, with the parks business positioned as a high margin, resilient growth engine within Comcast’s portfolio.

Versant (Spin)
Structural decline in linear TV
Versant’s cable network business is facing intensifying structural headwinds as the traditional pay-TV ecosystem continues its secular decline. US pay-TV households are projected to contract from 62.8 million in 2023 to 56.8 million by 2025, and further to 54.3 million in 2026, while non-pay-TV households expand to 80.7 million, underscoring the accelerating pace of cord-cutting. Concurrently, consumer engagement has decisively shifted toward streaming, which captured 44.8% of total TV usage in May 2025, surpassing the combined share of cable and broadcast (44.2%) for the first time. This behavioral pivot is materially impacting monetization, with linear TV ad spend expected to decline 13.0% YoY to $51.0 billion in 2025, including a 7.0% drop for cable networks. MVPDs are responding to subscriber attrition with cost rationalization strategies such as skinny bundles, while potential FCC reclassification of MVPDs to include virtual platforms could disrupt legacy carriage economics. Collectively, these dynamics represent a multifront challenge to Versant’s linear distribution revenue and call for strategic repositioning.

Strategic shift to offset weakness in cable network division
Versant plans to revitalize its business by expanding beyond traditional cable networks into a diversified portfolio of digital and brand-driven ventures. Key strategies include monetizing digital assets like Fandango and Golf Now, pursuing acquisitions outside of core media, and exploring new sports rights to boost live content. A two-year ad sales partnership with NBCUniversal will support monetization during the transition, while experienced leadership aims to drive operational agility. These efforts position Versant to evolve into a more flexible, digitally focused media company.

Digital landscape offers strong tailwinds in advertising
In stark contrast to linear TV, the global advertising market is forecast to grow 7.4% to $1.17 trillion in 2025, with growth driven almost entirely by digital platforms. The market for advertising optimization tools is expected to grow at an 11.5% CAGR through 2035, indicating a sustained trend toward data-driven digital campaigns. This provides a strong macro tailwind for advertising revenue on Versant’s digital properties and any future AVOD/FAST initiatives.

Unlocking value in niche digital verticals
Versant Media Group’s digital portfolio is strategically positioned to capitalize on high growth niche markets, each supported by strong secular tailwinds. GolfNow, the market leader in online tee time booking, stands to expand its footprint by targeting over 3,250 North American golf courses yet to adopt direct digital booking, offering a clear path for incremental growth as the industry digitizes. Fandango benefits from its placement in the faster-growing segment of the theatrical value chain, with online ticketing projected to grow at an 8.5% CAGR through 2030, outpacing broader box office recovery. Meanwhile, SportsEngine represents the most compelling growth story, with youth sports software adoption accelerating post pandemic and forecasted to grow at double digit CAGRs through the early 2030s. Collectively, these platforms offer Versant differentiated exposure to scalable, tech-enabled consumer services.

Live Sports & News, a strategic moat in a fragmenting media landscape
In an environment where general entertainment and scripted content are increasingly commoditized and shifting toward scale-driven streaming platforms, Versant’s concentration in live, event-driven programming, particularly sports and news, positions it within the most resilient segment of the linear ecosystem. With approximately 60.0% of audience engagement tied to these formats, Versant benefits from premium advertising rates and strong leverage in carriage negotiations, especially through its sports assets like the Premier League, PGA Tour, and Olympics, which are secured under long-term rights. News networks such as MSNBC and CNBC further reinforce daily viewer loyalty and defensibility against on demand substitution. Additionally, Versant’s digital platforms, such as GolfNow and SportsEngine, extend beyond media into B2B infrastructure, deeply embedding themselves into the operational workflows of golf courses and youth sports leagues. This business model adds stability to Versant’s revenue and diversifies the business beyond traditional media monetization models.

Valuation and recommendation
Versant (Spin-off)
We compare the cable business with listed companies engaged in Linear-TV, broadcasting businesses such as Fox Corporation, Paramount Global and Warner Bros. Versant’s management hosted an Investor Day on December 4, 2025, and initiated FY26 guidance. The management expects revenue to decline by 3.0-7.0% and adj. EBITDA by 7.0-14.0%, due to persistent weakness in linear pay TV industry, and the lower audience engagement in post Presidential election year. Amides near time weakness, the management outlined a strategic shift toward focusing on growing its non-Pay TV businesses, with a goal to shift the revenue mix from 17.0% non-Pay TV in 2024 to approximately 50.0% in the long-term. This implies non-Pay business will have to grow in excess of 15% per annum for the next 3-5 years. We opine that the target looks ambitious considering competitive landscape. Also, management affirming weakness in liner TV may induce uncertainty over company’s prospects in the near term.

Versant Spin-Off

Spin-Off Research

We continue to value Versant at an EV/EBITDA multiple of 5.5x against the peer median of 9.8x. Our multiple is at a discount because peers such as Paramount and Warner Bros. are higher-growth, content heavy, and streaming-focused businesses. Accordingly, our implied equity valuation of the Cable network business is $8.1 billion, which translates into a fair value of $55.70 per Versant share, suggesting an upside of 37.3% considering the last closing price of $40.57 per share. We maintain a BUY rating on Versant.

Comcast (Stub)
Comcast maintains a leading position in the US broadband market, although its growth trajectory has moderated. Favorable pricing strategies have helped offset pressure on subscriber expansion, amid persistent customer churns. While the studio and theme park divisions present attractive long-term opportunities, their current impact on overall profitability remains modest. Similarly, Peacock is strategically well-positioned for future growth, but its near-term financial performance is under pressure. Following the separation, Comcast emerges as a more streamlined and growth-oriented media and connectivity company, better positioned to navigate industry changes and deliver long term value.

Comcast Stub

Spin-Off Research

We compare Comcast (ex-Versant) with its diversified peer base, Charter Communications, AT&T, Verizon, Frontier Communications, etc. We continue to value stub business at an EV/EBITDA of 6.0x, which is at a discount to peer median of 7.0x. In our view, while the post-separation entity is strategically well-positioned, it remains anchored by a legacy broadband segment with slower growth compared to the high growth wireless businesses of its peers. Our implied equity valuation of the stub business is $131.6 billion. Considering shares outstanding of ~3,634 million, we arrive at a fair value of $36.20 per share. This suggests an upside of 28.7% considering last closing price of $28.13 per share. We maintain a BUY rating on Comcast (Stub).

Company Description
Comcast Corporation (Stub)
Comcast Corporation, founded in 1963 and headquartered in Philadelphia, Pennsylvania, is a global media and technology company. It provides broadband, wireless, video, and voice services under the Xfinity, Comcast Business, and Sky brands. Comcast also produces, distributes, and streams entertainment, sports, and news through NBC, Telemundo, Universal, Peacock, and Sky. Additionally, Comcast owns and operates Universal theme parks. As of December 31, 2024, Comcast employs approximately 182,000 people worldwide.

Versant Media Group Inc. (Spin-Off)
Versant is an industry-leading media and entertainment business operating in four core markets: political news and opinion, business news, golf and athletics, and sports and genre entertainment. Its portfolio includes renowned networks like MSNBC, CNBC, and USA Network, along with complementary digital platforms such as GolfNow and Fandango. As of September 30, 2025, the company had approximately 5,000 full-time and part-time employees.

Organization Structure

Spin-Off Research

January 06, 2026 17:35 ET  | Source: AGF Management Ltd.

TORONTO, Jan. 06, 2026 (GLOBE NEWSWIRE) -- AGF Management Limited (TSX: AGF.B) will release its financial results for fiscal 2025 on Tuesday, January 27, 2026 at approximately 7:00 a.m. ET. AGF will hold a conference call and webcast to discuss these results at 11:00 a.m. ET.

The discussion will feature remarks by Judy Goldring, Chief Executive Officer, and Ken Tsang, Chief Financial Officer. Ash Lawrence, Head of AGF Capital Partners, and David Stonehouse, Interim Chief Investment Officer will also be available for the question-and-answer period with investment analysts following the presentation.

The live audio webcast with supporting materials will be available in the Investor Relations section of AGF’s website at www.agf.com or at https://edge.media-server.com/mmc/p/5fu9rqdk. Alternatively, the call can be accessed over the phone by registering here or in the Investor Relations section of AGF’s website at www.agf.com, to receive the dial-in numbers and unique PIN.

A complete archive of this discussion along with supporting materials will be available at the same webcast address within 24 hours of the end of the conference call.

About AGF Management Limited

Founded in 1957, AGF Management Limited (AGF) is an independent and globally diverse asset management firm. Our companies deliver excellence in investing in the public and private markets through three business lines: AGF Investments, AGF Capital Partners and AGF Private Wealth.

AGF brings a disciplined approach, focused on incorporating sound, responsible and sustainable corporate practices. The firm’s collective investment expertise, driven by its fundamental, quantitative and private investing capabilities, extends globally to a wide range of clients, from financial advisors and their clients to high-net worth and institutional investors including pension plans, corporate plans, sovereign wealth funds, endowments and foundations.

Headquartered in Toronto, Canada, AGF has investment operations and client servicing teams on the ground in North America and Europe. With over $58 billion in total assets under management and fee-earning assets, AGF serves more than 815,000 investors. AGF trades on the Toronto Stock Exchange under the symbol AGF.B.

AGF MANAGEMENT LIMITED SHAREHOLDERS, ANALYSTS AND MEDIA, PLEASE CONTACT:

Nick Smerek
VP, Financial Planning & Analysis
(416) 865-4337, [email protected]

, /PRNewswire/ -- The Greenbrier Companies (NYSE: GBX), a leading international supplier of equipment and services to global freight transportation markets, today announced that Lorie Tekorius, President and Chief Executive Officer, will be a featured speaker at the Midwest Association of Rail Shippers (MARS) 2026 Winter Meeting. Her presentation is scheduled for Wednesday, January 14, at 10:30 a.m. Central Time.

Lorie Tekorius, President & CEO (PRNewsfoto/The Greenbrier Companies, Inc.) Tekorius will join other industry leaders to share insights on railcar manufacturing, supply chain trends, and the evolving needs of shippers across North America. Her participation highlights Greenbrier's dedication to sharpening policy advocacy and enhancing equipment, infrastructure, and service within the freight rail industry.

"MARS provides a valuable forum for collaboration across the rail supply chain," said Tekorius. "I look forward to engaging with colleagues and customers to grow the availability and competitiveness of North American freight rail."

About Greenbrier

Greenbrier, headquartered in Lake Oswego, Oregon, is a leading international supplier of equipment and services to global freight transportation markets. Through its wholly-owned subsidiaries and joint ventures, Greenbrier designs, builds and markets freight railcars in North America, Europe and Brazil. We are a leading provider of freight railcar wheel services, parts, maintenance and retrofitting services in North America. Greenbrier owns a lease fleet of approximately 17,000 railcars that originate primarily from Greenbrier's manufacturing operations. Greenbrier offers railcar management, regulatory compliance services and leasing services to railroads and other railcar owners in North America. Learn more about Greenbrier at www.gbrx.com. 

SOURCE The Greenbrier Companies, Inc.

contributor

Posted: January 7, 2026

Bitcoin climbed toward the $94,000 mark on the 5th of January, pressing into a key resistance zone near $94,700. The move came as institutional demand resurfaced, led by a fresh Bitcoin purchase from Strive Asset Management.

Strive’s Bitcoin buy sharpens the institutional signal Strive Asset Management, under the leadership of Vivek Ramaswamy, invested $100 million in Bitcoin [BTC]. The company added 101.8 Bitcoin to its balance sheet on the 4th of January, according to disclosures.

Source: Strive

The acquisition lifted Strive’s total Bitcoin holdings to 7,626.8 BTC, valued near $708 million at the time. That move placed Strive among the largest corporate Bitcoin holders, reinforcing the growing institutional footprint in the market.

Following the announcement, Strive-linked equity products jumped sharply by 15%, reflecting positive investor reception.

Macro weakness failed to slow Bitcoin The U.S. ISM Manufacturing PMI came in at a 14-month low of 47.9, while the expectation was 48.4. Despite this disappointing data, Bitcoin’s price continued to rise.

While the economy struggled with inflation and slow growth, Bitcoin [BTC] defied the broader market, continuing its upward trend. 

Source: X

This prompted investors to consider Bitcoin more seriously as a hedge against economic uncertainty. Could Bitcoin’s rise, in the face of weakening economic indicators, signal its evolution into a true safe haven asset?

Whale accumulation drove the five-day surge Digging deeper into the details, Bitcoin surged by $7,000 in just five days, largely driven by whale activity. Large institutional buyers played a key role in pushing Bitcoin’s market cap up by $135 billion. 

Source: CryptoQuant

According to CryptoQuant, the surge was largely driven by significant purchases from new whales, highlighting the growing institutional involvement in Bitcoin.

These whales are betting on Bitcoin’s long-term growth, reinforcing the idea that Bitcoin’s rise is part of a broader institutional trend rather than just a temporary price jump.

Can Bitcoin hold above $94K? Bitcoin’s move above $94,000 marked a key milestone. The question was whether it could maintain this support and continue toward $100,000, a 7.23% push.

If it held above $94K, further price increases could follow.

However, market volatility raised concerns about a potential pullback, especially as the MACD printed a bearish cross, suggesting short-term volatility.

Source: TradingView

As economic uncertainty grew, more investors saw Bitcoin as a potential haven. Its recent surge amid economic weakness positioned it as a hedge against traditional risks.

Despite institutional interest like Strive’s $100 million purchase, Bitcoin’s long-term stability remained uncertain. To prove itself as a haven, Bitcoin needed to maintain its upward trajectory.

Final Thoughts Bitcoin’s recent strength reflected more than short-term price momentum, as institutional positioning and whale behavior stayed firm despite macro pressure. If that divergence holds, Bitcoin may continue testing how markets define risk and refuge in uncertain conditions.

Key NotesXCN has gained 119% during the first week of January 2026, peaking at $0.012848 before settling around $0.0095.The token's December listing on Robinhood preceded the current price explosion after extended 2023-2024 stagnation.Maintaining support above $0.0087 will determine whether this breakout sustains beyond typical first-quarter momentum. Onyxcoin XCN $0.00947 24h volatility: 26.6% Market cap: $337.05 M Vol. 24h: $242.08 M has broken free to start 2026 as one of the most explosive cryptocurrency tokens on the market after achieving a near 200% price leap over the first week of trading in January.

As of Jan. 6 and the time of this article’s publication, XCN is trading at 0.0095385. This puts the token up 119% for the week, having receded from its 24-hour high of 0.012848 which had Onyxcoin up more than 192% week over week.

Onyxcoin (XCN) up 118% for the week, as of Jan. 6, 2026 | Source: Robinhood

Analysts Eye Onyxcoin’s Roadmap Prior to the recent uptick in trading activity, XCN experienced an extended period of downturn and stagnation from 2023, when the token’s value plummeted from its 2022 high of around $0.1726 to its all-time low around $0.0007225, through 2025 when it began a rally in January that culminated in XCN rocketing from 0.0026084 to 0.0364 in just two weeks.

As Coinspeaker reported in April 2025, XCN experienced a similar surge just a few months later, rising 9.4% over 24 hours to about $0.01326 with trading volume surging 204.13%. The spike, at the time, was largely attributed to the launch of Onyxcoin’s “Goliath” mainnet.

XCN experienced what might be considered a volatile 2025, dipping significantly until a resurgence in December following Onyxcoin’s listing on the Robinhood exchange platform.

Analysts are eyeing the current outbreak with an eye towards the firm’s roadmap, which includes continuing support for the Goliath Project and further integration of the Onyx AI Agent.

$XCN (Onyxcoin) is absolutely exploding right now! 🔥

From $0.005 just 7 days ago to $0.011 today that's a wild +157.51% surge!

24h change: +91.29%, volume pumping to $197M, market cap hitting $398M. 👀👀

The governance token for the Onyx Protocol is waking up huge in 2026.… pic.twitter.com/NsjhsEPCA0

— theweb3guy (@Web3InsiderGuy) January 6, 2026

While there appears to be a modicum of enthusiasm for XCN throughout the crypto community, the token’s history indicates a strong Q1 followed by months of downturn. Analysts following the token in real-time have noted an expected mid-day pullback on Jan. 6 as the US market reaches peak trading hours.

$XCN
Pullback complete. ✅

Tested the daily 200sma and confirmed new support level. Looking for a close above .013 now. https://t.co/WDVC3ChKyf pic.twitter.com/yJCNr9Au9K

— MoneyTingz (@moneytingzz123) January 6, 2026

XCN’s performance going forward will largely depend on whether it can maintain its pre-rally resistance point over $0.0087 as the week unfolds.

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

Tristan is a technology journalist and editorial leader with 8 years of experience covering science, deep tech, finance, politics, and business. Before joining Coinspeaker, he wrote for Cointelegraph and TNW.

Tristan Greene on X

US President Donald Trump’s former pick to chair the Commodity Futures Trading Commission (CFTC) has joined the SUI Group’s board of directors.

In a Tuesday notice, the SUI Group said former CFTC Commissioner Brian Quintenz’s appointment to its board would strengthen its “regulatory and policy leadership” amid the company’s digital asset treasury strategy. The company reported holding 107,743,979 Sui (SUI), worth about $200 million at the time of publication, as of the third quarter of 2025. 

Quintenz served as a CFTC commissioner under Trump from 2017 to 2021 and later as the global head of policy for a16z crypto. He joined the board of directors for prediction market platform Kalshi in 2021, and worked as an adviser to cryptocurrency exchange Crypto.com from 2021 to 2022. 

The former commissioner’s move closer to the crypto industry was the latest example of a CFTC official moving to the private sector after government work. Caroline Pham, who was acting chair of the agency under Trump in 2025, joined payments company MoonPay after the US Senate confirmed Michael Selig to chair the CFTC in December.

Many lawmakers and industry leaders supported Quintenz’s nomination after Trump announced him as his first pick in February. 

However, in September, Quintenz released text messages between him and Cameron and Tyler Winklevoss, co-founders of cryptocurrency exchange Gemini, suggesting that the pair were looking for certain assurances regarding CFTC enforcement. Selig was nominated to chair the agency a few weeks later.

CFTC still missing four Senate-confirmed commissionersAs of January, Selig is the only CFTC member serving at the agency, which typically seats five commissioners. Trump has not announced or suggested that he will announce any potential nominations in the near future, leaving a dearth of leadership at the US financial regulator potentially for months or years.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

Adams argues automated market makers are quietly winning where capital is cheap and volatility is low, like stablecoin pools.

Uniswap founder Hayden Adams has pushed back on claims that automated market makers (AMMs) cannot last, responding on X on January 6 to criticism that liquidity providers (LPs) are structurally underpaid.

The exchange has reopened a long-running DeFi debate over whether AMMs can compete with professional market makers, just as Uniswap is getting ready for major upgrades aimed at lifting returns for LPs.

Adams Defends AMMs as Critics Question Fee Economics The discussion began after trader GEE-yohm “LAMB-bear” Lambert wrote that AMMs “can’t ever be sustainable” because fees are tied to realized volatility, while liquidity providers sell convexity that should be priced on implied volatility. In their view, that gap leaves LPs exposed during large price moves, with months of gains erased in days.

Adams replied with a detailed rebuttal, arguing that AMMs already outperform alternatives in several market segments. For low-volatility pairs such as stablecoins, he said AMMs offer steady yield to participants with cheaper capital, allowing them to outprice professional firms.

In long-tail, high-volatility tokens, Adams added, AMMs are often the only structure that scales, with projects and early supporters providing liquidity to bootstrap markets rather than just chasing delta-neutral profits.

The fiercest competition, according to the Uniswap exec, lies in high-volatility major tokens like ETH pairs. While critics often point to “markouts” to argue LPs lose money, Adams countered that AMMs have grown consistently for years, with order books reaching maturity. He said upcoming Uniswap v4 hooks will allow custom logic at the pool level, opening the door to pools that capture more value for LPs.

“AMMs are only just getting started,” he wrote, adding that lower capital costs and composability give them an edge.

You may also like: Arthur Hayes Dumps ETH for $6M in Pendle, Lido, and Emerging DeFi Tokens Presto Research Predicts $160K Bitcoin, $490B Tokenization in 2026 A16z: AI Agents and On-Chain Finance Are About to Reshape Everything Lambert later softened his stance, replying to Adams that he remains “an AMM maxi” but sees structural inefficiencies in current designs. He argued impermanent loss and gamma risk are manageable if fees rise, suggesting solutions ranging from v4 hooks to alternative issuance models or tools like Panoptic that let traders hedge LP exposure.

A Wider Debate on AMM Design and Incentives Recent months have shown both the value and vulnerability of AMMs. In November 2025, Balancer, a major AMM, suffered a $120 million exploit due to a precision flaw in its code, a stark reminder of the technical risks inherent in these complex systems.

Meanwhile, Uniswap itself saw a major positive market reaction in that same month when Adams proposed turning on a “fee switch” to share protocol revenue with UNI token holders, sending the token’s price up 35%.

Furthermore, projects across the ecosystem are iterating on the AMM formula, with even newer entrants like the Pi Network rolling out updated DEX and AMM features focused on improving liquidity organization and user safety.

The consensus emerging from the debate is not that AMMs are doomed, but that their current fee structures need innovation. As Uniswap v4 development continues, its promised “hooks” will be closely watched as a potential answer to the critical question of long-term LP profitability and the sustained health of decentralized liquidity.

Tags:

Bitcoin hovered near $92,000 on Tuesday as analysts and traders pointed to improving technical and macro signals suggesting the cryptocurrency may have put its brutal fourth-quarter sell-off behind it.

The price action comes after months of volatility that saw bitcoin fall as much as 35% from its October peak above $126,000, amid forced liquidations and selling pressure from long-term holders. While the asset ended December down for a third consecutive month — a historically rare pattern — several analysts argue the setup now favors a rebound.

“We believe with reasonable confidence that Bitcoin and broader digital asset markets have bottomed,” Bernstein analyst Gautam Chhugani and his team said in a note published Tuesday, identifying the late-November lows near $80,000 as the likely trough of the cycle.

Bernstein pushed back against concerns that bitcoin has already peaked within a traditional four-year cycle, calling such fears “overstated” in a market increasingly driven by institutional participation rather than retail speculation.

“As we have highlighted earlier, we believe the market concern on the four-year cycle pattern is unwarranted in the current market context, where institutional demand is driving adoption,” the analysts wrote.

Bitcoin to $200k by 2027? Bernstein reiterated its long-term bullish outlook, maintaining price targets of $150,000 for bitcoin in 2026 and $200,000 in 2027. The firm argues that a broader “digital assets revolution,” including tokenization and regulated financial infrastructure, is extending the current bull market beyond historical norms.

Despite bitcoin’s roughly 6% decline in 2025, Chhugani noted that the year was broadly constructive for the crypto sector, particularly for crypto-related equities and initial public offerings. 

Looking ahead, Bernstein expects a tokenization “supercycle” led by firms such as Robinhood, Coinbase, Figure, and Circle to continue drawing institutional capital into the space.

Other market observers echoed the view that downside momentum has eased. On Sunday, 10X Research said technical indicators now suggest bitcoin has entered a bullish trend, following weeks of range-bound trading through the holiday period.

“There is a good opportunity for a tactical rally,” said Sean Farrell, head of digital assets at Fundstrat, in comments on Monday. Farrell pointed to improving liquidity conditions, including expansion of the Federal Reserve’s balance sheet and a drawdown in the U.S. Treasury General Account, as supportive factors for risk assets such as bitcoin.

Fundstrat sees potential for bitcoin to test the $105,000 to $106,000 range under favorable conditions, though Farrell cautioned that his base case still includes the risk of a meaningful drawdown in the first half of the year before a stronger rally later in 2026.

Bitcoin technical analysis  From a technical perspective, bitcoin closed last week near $91,500, just above short-term resistance around $91,400. Analysts say holding that level could open the door for another attempt at $94,000, a ceiling that has capped prices since mid-November. A sustained breakout could bring $98,000 into focus, with heavier resistance extending up toward the $103,500 to $109,000 zone.

On the downside, traders are watching support near $87,000, followed by a stronger band between $84,000 and $72,000 if selling pressure resumes. Market sentiment has shifted from outright bearishness to a more neutral stance as prices stabilize.

Bernstein also highlighted potential knock-on effects for bitcoin proxy equities, particularly Strategy. The analysts said a recovery in bitcoin’s price should help restore Strategy’s premium to net asset value, which has compressed significantly over the past year.

“As concerns over MSTR’s liquidation event get resolved, we expect a strong recovery in MSTR premium to NAV towards its historical average,” the analysts wrote. Strategy has historically traded at an average multiple-to-net asset value of 1.57, compared with roughly 1.02 this week.

Strategy has continued to finance bitcoin purchases through a mix of equity issuance and preferred stock offerings, while recently building a $2.25 billion “USD Reserve” to pre-pay dividend obligations. 

Still, the company faces risks, including potential exclusion from MSCI indices, which could trigger index-related outflows.

Micah Zimmerman

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

Solana closed 2025 with results that reshaped how markets measure blockchain adoption. The network combined high usage, rising revenues, and deeper liquidity. Hence, Solana moved beyond speed narratives and proved its economic strength. 

Developers, traders, and institutions expanded activity across apps, assets, and exchanges. Consequently, the data shows a network operating at scale rather than experimentation. This shift marked 2025 as a defining year for Solana’s commercial maturity.

Application Revenue and Network ActivityApplication income became a core growth driver during the year. Apps on Solana generated $2.39 billion, rising 46% year over year. Significantly, seven platforms exceeded $100 million in revenue, reflecting sustainable demand. 

These leaders included Raydium, JupiterExchange, and Pumpfun. Besides top performers, smaller applications still produced over $500 million combined. That longtail strength reduced reliance on a few dominant apps.

Network usage expanded alongside revenue growth. Solana processed 33 billion non-vote transactions, setting a new high. Additionally, the chain averaged 1,054 non-vote transactions per second. 

Daily active wallets reached 3.2 million, up 50% year over year. Moreover, 725 million new wallets completed at least one transaction. Fees declined during this growth phase, improving cost efficiency. Average fees fell to $0.017, while median fees dropped to $0.0011.

Asset Growth and Institutional FootprintAsset activity on Solana also accelerated. Stablecoin supply finished the year at $14.8 billion, more than doubling annually. Consequently, stablecoin transfers reached $11.7 trillion, up sevenfold over two years. 

Bitcoin-linked activity expanded sharply as well. Bitcoin trading volume hit $33 billion, while on-chain supply doubled to $770 million. Besides crypto assets, tokenized equities launched with $1 billion in supply.

Institutional participation increased further. Solana-based ETFs recorded $1.02 billion in net inflows. Additionally, staked SOL climbed to 421 million tokens, reaching a new record. These trends reflected long-term capital commitment rather than short-term speculation.

Trading, DEX Liquidity, and Market StructureDecentralized trading remained a central pillar. DEX volume reached $1.5 trillion, rising 57% year over year. SOL-stablecoin pairs alone handled $782 billion in volume. 

Moreover, twelve DEXs surpassed $10 billion each, led by Raydium and Orca. Aggregators processed $922 billion, with JupiterExchange controlling most routed volume.

Trading platforms also delivered strong revenue growth. Professional platforms earned $940 million, increasing 44% annually. Consequently, Solana ended 2025 as a full-stack trading ecosystem, not just a high-throughput network.

Dogecoin (DOGE) has extended its rally into early 2026, showing signs of sustained momentum as the memecoin space experiences renewed interest.

After a nearly 30% rise over four days, DOGE is consolidating above key technical levels, supported by rising trading volumes, derivatives data, and the growing popularity of leveraged Dogecoin ETFs.

DOGE's price trends to the upside on the daily chart. Source: DOGEUSD on Tradingview Technical Momentum Supports Dogecoin Consolidation Dogecoin’s recent surge began after establishing a base around $0.132, breaking through resistance zones at $0.145 and $0.150. The rally peaked near $0.154 before entering a consolidation phase, a typical pattern in trending markets that suggests a healthy price structure rather than a sharp reversal.

Currently trading near $0.151, DOGE remains above short-term moving averages, with immediate support levels at $0.150 and $0.145. Technical indicators, like the RSI, are above 50, signaling ongoing bullish momentum. However, some oscillators near overbought territory suggest that minor pullbacks could occur.

On the upside, breaking through the $0.154 to $0.155 resistance range could pave the way for targets between $0.162 and $0.166, with potential extensions toward $0.175 and $0.180. Conversely, a drop below $0.142 may open the door to lower support levels near $0.135.

DOGE ETF Activity and Whale Accumulation Fuel Rally The derivatives market reflects growing confidence in DOGE. Open interest in Dogecoin futures recently peaked at 13.47 billion contracts before a slight controlled decline, indicating leveraged positions are being managed cautiously rather than rapidly unwound.

Adding to the momentum, a 2x leveraged Dogecoin ETF has become one of the top-performing ETFs in the first quarter of 2026, highlighting renewed institutional and retail interest.

These ETFs amplify buying pressure by requiring fund managers to adjust their holdings to maintain leverage, effectively creating a feedback loop that can boost DOGE’s price during upswings.

Large holders, or whales, have been active, purchasing hundreds of millions of DOGE tokens within a short span. This accumulation suggests confidence in further upside and can create a supply squeeze that reinforces price gains.

Memecoin Revival Reflects Broader Market Trends Dogecoin’s rally is part of a larger revival in the memecoin sector. The overall market capitalization of memecoins has increased by more than 30% recently, reaching nearly $48 billion after months of underperformance.

Historically, periods of low memecoin dominance often precede significant rallies, and DOGE, as the original and most liquid memecoin, frequently leads these cycles.

The broader crypto market’s relative stability, particularly in Bitcoin and Ethereum, supports speculative flows into high-beta assets like DOGE. Additionally, social media engagement and mentions from influential figures can provide further catalysts, although these factors remain unpredictable.

Cover image from ChatGPT, DOGEUSD chart from Tradingview

The post-holiday run is driven by the most risk-on sections of crypto, including major-cap meme coins like PEPE.

Market Sentiment:

Bullish Bearish Neutral

Published: January 6, 2026 │ 8:10 PM GMT

Created by Gabor Kovacs from DailyCoin

Pepe Token (PEPE) just bounced off the upper resistance line, now targeting the $0.0000100 zone. For the popular frog-styled meme coin to eat the zero, crypto analysts see trading volumes as the main catalyst. Posting a 69% weekly uptick, PEPE Token saw billions in daily trading volume every day since last week as capital began to rotate into risk-on assets.

Fundamentals Or Hype? What’s Driving PEPEThe meme coin section added $17 billion, now nearing $53 million in overall market cap. Notably, PEPE’s price is still 76.06% down from the all-time peak of $0.00002803, hit in December, 2024. With the regular trader’s appetite for risk rising, Futures markets had witnessed a massive upswing in trading volume, now reaching $2 billion in 24 hours.

Rapid Fire Charts: $PEPE$PEPE continues to look strong and is doing exactly what you want to see, a clean bounce off the upper resistance line (white). If bullish momentum follows through, the next move is a breakout toward the target zone (green), where one zero gets eaten and… https://t.co/LmMOvEhQtI pic.twitter.com/Y1r4Lwhdla

— davie satoshi (@NFTdavie) January 6, 2026 If the Futures & Spot market daily volumes keep above billions a day, it’s well likely that PEPE’s price would retest the analyst’s named resistance level, last seen on October 7, 2025. The speculative appetite is mirrored in PEPE’s Open Interest-weighted funding rate, showing a breakthrough in positive PEPE coin price allocations.

Several Crucial Metrics Turn Bullish For PEPEWith the OI-weighted funding rate positive since January 4, 2026, this implies that short-sellers are paying for the upward PEPE price plays as bulls regain dominance. Some popular crypto whales, including James Wynn, had placed multi-million sensitively-leveraged PEPE plays, ranging from 3x to 10x. This portrays a story of shifted whale sentiment from fear to confidence.

Other key metrics were also favorable, as PEPE’s price remained in oversold condition, judging from the Stochastic Relative Strength Index (StochRSI). Large players, otherwise known as crypto whales, have also surfaced to grab a piece of PEPE’s 420.69 trillion supply – the Chaikin Money Flow (CMF) showcased massively green figures above 0.15 on the 4-hour PEPE chart.

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People Also Ask:How much did PEPE surge this week?

PEPE jumped roughly 69% in the past seven days, climbing from $0.0000040 to around $0.0000069 amid a broader meme coin revival.

What’s driving the rally?

Renewed retail FOMO, trader predictions like James Wynn’s $69B market cap call, and the meme sector adding $17B in value with exploding volumes.

Why worry about a downturn?

Heavy leverage build-up – open interest spiked over 80%, funding rate’s positive & heavy positioning risks cascading liquidations on any pullback.

DailyCoin's Vibe Check: Which way are you leaning towards after reading this article?

Market Sentiment

100% Bullish

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

A significant $500 million worth of USD Coin ($USDC) has just been minted, a move that is typically interpreted as a precursor to increased buying activity and a positive liquidity injection into the broader cryptocurrency market. This substantial stablecoin issuance often signals growing demand from institutional and retail investors poised to deploy capital into digital assets.

Understanding the Mechanics of a USDC MintWhen a stablecoin like USDC is minted, it means that new tokens have been created and collateralized with an equivalent amount of fiat currency, in this case, U.S. dollars. Circle, the issuer of USDC, holds these dollar reserves, ensuring each USDC token remains pegged to $1. The act of minting itself doesn't directly impact asset prices, but it indicates fresh capital entering the crypto ecosystem, ready to be traded for Bitcoin, Ethereum, or other altcoins.

Potential for Enhanced Market LiquidityThe influx of $500 million in USDC could significantly enhance liquidity across various decentralized exchanges (DEXs) and centralized exchanges (CEXs). Improved liquidity makes it easier for traders to execute large orders without causing significant price slippage, leading to more stable and efficient markets. This can attract larger institutional participants who require deep liquidity pools for their trading strategies.

Furthermore, increased liquidity can reduce volatility, making the market more appealing to risk-averse investors. As more capital flows into stablecoins like USDC, it often finds its way into other digital assets, driving demand and potentially upward price pressure.

Signaling Renewed Investor ConfidenceBeyond mere liquidity, a mint of this size can be a powerful psychological signal to the market. It implies that large investors and institutions are confident in the future trajectory of the crypto market, choosing to convert traditional currency into stablecoins as a first step towards investment. This renewed confidence can create a positive feedback loop, encouraging other market participants to follow suit.

This mint event comes at a time when the crypto market has been observing various developments, including regulatory clarity discussions and technological advancements. The infusion of new capital through USDC could provide the necessary impetus for sustained growth in the coming weeks.

Broader Economic Implications for Digital AssetsThe increasing utility of stablecoins like USDC for global payments, remittances, and decentralized finance (DeFi) continues to grow. A larger supply of USDC means greater capacity for these activities, further embedding digital assets into the global financial infrastructure. This strengthens the underlying fundamentals of the crypto economy, fostering broader adoption and innovation.

As the crypto market continues to mature, significant stablecoin movements will remain a key metric for gauging short-term sentiment and potential market direction. This $500 million USDC mint appears to be a clear positive signal for digital asset enthusiasts and investors alike.

Jupiter, a Solana-based DeFi protocol and trading platform, has launched JupUSD, a dollar-pegged stablecoin issued natively on Solana and developed in partnership with Ethena Labs.

In an X post on Monday, Jupiter said 90% of the stablecoin’s reserves will initially be held in USDtb, a licensed stablecoin collateralized by shares of BUIDL, BlackRock’s tokenized money-market fund. The remaining 10% will be held in USDC as a liquidity buffer, with a secondary pool on Meteora.

Source: Jupiter ExchangeIn an announcement shared with Cointelegraph, Jupiter said that JupUSD is issued as an SPL token, Solana’s standard token format, allowing it to integrate across Solana-based applications. The reserves are custodied by Porto through Anchorage Digital and verifiable onchain.

Within Jupiter’s lending product, JupUSD deposits mint a yield-bearing JupUSD token that can continue accruing returns while being used in features such as limit orders and dollar-cost averaging. The company also plans to integrate JupUSD into its perpetuals platform, gradually transitioning USDC (USDC) collateral and liquidity pool balances.

For institutions and market makers, Jupiter said JupUSD supports onchain minting and redemption against USDC through single-transaction settlement on Solana.

Ethena Labs, which develops the Ethena protocol and issues the USDe and USDtb stablecoins, will manage reserve operations, including custody coordination and rebalancing between backing assets, using segregated onchain addresses and transparent capacity signals, according to the announcement.

Jupiter’s native token, JUP, has risen about 18% over the past seven days, according to CoinGecko data.

Source: CoinGeckoApplication-specific stablecoins emergeWhile the roughly $308 billion stablecoin market remains dominated by Tether’s USDt (USDT) and USDC, 2025 saw the emergence of a new wave of application-specific stablecoins tied to individual platforms and ecosystems.

In August, MetaMask, a self-custodial wallet developed by Consensys, announced a US dollar-denominated stablecoin intended for use across its wallet and the Linea DeFi ecosystem. MetaMask said the token will be integrated into features such as swaps, on-ramps and bridging.

In September, Hyperliquid, a DeFi perpetual futures exchange, launched USDH as a native stablecoin for use as collateral and settlement on the platform. The stablecoin is managed by Native Markets and backed by cash and US Treasury equivalents.

In November, Klarna, a Swedish payments and digital banking company, launched a dollar-pegged stablecoin on the Tempo blockchain. A Klarna spokesperson told Cointelegraph that the company is initially using stablecoin technology for internal purposes, including reducing the cost of international payments.

Most recently, on Dec. 18, SoFi Technologies launched SoFiUSD, a fully reserved US dollar stablecoin designed to support low-cost settlement for fintechs, banks and enterprise platforms.

Magazine: How crypto laws changed in 2025 — and how they’ll change in 2026

The two most-used blockchains, Ethereum and Solana, published annual retrospectives on Tuesday, both arguing that 2025 was a significant year in their roadmap as they look to become the dominant blockchain for consumers and institutions. 

“In 2025, Ethereum solidified itself as the secure foundation for our growing digital civilization,” the non-profit Ethereum Foundation wrote on X, outlining “12 themes” that directed the network’s development last year, including trends like institutional adoption and increasing interoperability. 

Solana, for its part, noted the blockchain notched fresh all-time highs in app revenue, unique active wallets, and DEX volumes, among other metrics, even as memecoin volumes dipped about 10%.

Solana also saw record stablecoin growth, with the total supply issued on the blockchain doubling year-over-year to $14.8 billion, powering $11.7 trillion of stablecoin transfers. This is not far off from the $18.8 trillion in stablecoin settlements cited by the Ethereum Foundation. 

One area where Ethereum remains the undisputed leader, however, is in the size of its DeFi ecosystem, which ended the year with over $99 billion total value locked, “over 9x the next-largest L1 ecosystem,” the Ethereum Foundation said. Likewise, Ethereum dominates in prediction markets, another fast-growing blockchain use case with some $20 billion in betting volume on the base layer and L2s. 

Revenue growth According to the Solana Foundation, applications on the network earned a combined $2.39 billion in revenue, up 46% annually, setting a new high. Seven apps alone saw over $100 million in revenue, including trading platforms Axiom, BullX, Jupiter, Meteora, Photon, and Raydium, as well as memecoin generator Pump.fun.

DEX aggregators like Jupiter, Dflow, Titan, and OKX saw a combined $922 billion in volume, while all Solana-based launchpads saw revenues double to $762 million. About 11.6 million tokens were created, about 105,000 of which “graduated” from launchpad bonding curves.

“The longtail of apps on Solana (apps with under $100m in revenue) earned over $500 million in 2025,” the foundation wrote. “Pro trading platforms earned $940 million, up 44% y/y for a new ATH.”

The Solana Foundation also noted that total network REV, the value recorded from user activity, including tips, reached $1.4 billion, representing 48x growth over two years. Meanwhile, an often cited figure places Ethereum’s equivalent to REV at around $690 million. 

That said, REV remains a debatable figure considering that blockchains are not traditional income-generating businesses. Indeed, both networks are focused on reducing the costs of using the blockchain, with Solana reducing its average transaction fee to $0.017 in 2025, down from $0.025 the year before, while the Ethereum base layer boasted five-year lows and sub-cent fees on Layer 2s.  

Comparable metrics? While not directly comparable, the Solana Foundation also claimed the number of unique active wallets grew 50% YoY to an average of 3.2 million per day, with 725 million new wallets sending at least one transaction, while base layer Ethereum applications recorded over 244 million unique active wallets in 2025.

Likewise, the two networks’ transactions-per-second figures are difficult to compare, considering the different architectures between a monolithic blockchain like Solana and rollup-centric Ethereum. According to the Ethereum Foundation, total TPS “on all Ethereum rollups reached a combined 5600 TPS average” while Solana averaged about “1054 non-vote TPS.”

This comes as Ethereum developers pushed out two major upgrades in 2025, Pectra and Fusaka, which boosted network throughput and data availability while also laying the groundwork for UX improvements.

“The Pectra and Fusaka upgrades made wallets smarter and more accessible for retail and institutional users, expanding account abstraction and making mobile-native app experiences possible without complex middleware,” the EF wrote. “As we move into 2026, Fusaka’s improvements set the stage for Ethereum’s consumer apps to become phone-native, human-friendly, and ready for mass adoption.”

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

In brief Riot Platforms sold 2,201 BTC across November and December. The firm netted nearly $200 million in sale proceeds, which some are speculating will fuel its future AI operations. Riot is among a group of publicly traded Bitcoin miners that have announced plans to expand to AI empowerment in the future. Publicly traded Bitcoin miner Riot Platforms sold 2,201 BTC across November and December, netting the firm nearly $200 million in net proceeds, according to its December production and operations report.

The Colorado-based firm, which maintains a Bitcoin treasury, finished the year with 18,005 BTC in holdings valued around $1.65 billion at current prices—enough to place it within the 10 largest publicly traded holders of BTC. 

That mark is more than 1,300 BTC below its October balance of 19,324 BTC, and only 293 BTC above its ending balance from the previous year. The end-of-year sales marked a distinct contrast from 2024, as well, when the firm sold no Bitcoin—and actually added more than half a billion dollars worth to its coffers. 

The recent sales point to the firm’s commitment to empowering artificial intelligence, according to VanEck Head of Digital Assets Matthew Sigel. 

“That’s roughly the entire capex Riot has guided for the first 112 MW core/shell build at Corsicana, targeting completion in Q1 2027,” Sigel posted on X about Riot’s sales. 

“In other words: one winter of BTC sales ≈ funding Phase 1 of the AI data-center pivot.” 

$RIOT sold ~$200M of Bitcoin in Nov/Dec vs. zero y/y.

That’s roughly the entire capex Riot has guided for the first 112 MW core/shell build at Corsicana, targeting completion in Q1 2027.

In other words: one winter of BTC sales ≈ funding Phase 1 of the AI data-center pivot. https://t.co/1oImilw8rs pic.twitter.com/oUcf5Pksju

— matthew sigel, recovering CFA (@matthew_sigel) January 6, 2026

Details about the sales were not provided, and a representative for the firm did not immediately respond to Decrypt’s request for comment. However, when the firm sold BTC earlier in the year its CEO said the proceeds would be used to “fund ongoing growth and operations.”

Those operations will be increasingly focused on AI moving forward. According to the firm’s third-quarter earnings presentation, its focus in the long term is maximizing the power it generates, noting that its approach to BTC mining has “evolved.” 

Dubbed a “power-first strategy,” the firm views BTC mining as a “tool to monetize Riot’s large-scale power portfolio in advance of data center development,” ultimately adding that it aims to fully convert its megawatts to data center use.

Riot is not alone in that transition. Other publicly traded Bitcoin miners are opening their business operations to include data center builds to help empower AI or cloud technologies. 

In the last few months, firms like CleanSpark and MARA have both signaled strategic shifts. Meanwhile, Bitfarms has noted that it will completely wind down its BTC mining operations to focus on AI. And the firms Cipher Mining and Hut 8 have inked billion-dollar AI deals backstopped by tech giant Google. 

Shares in RIOT finished the trading day up 1.3% and have jumped more than 23% in the last six months to change hands at $14.98. Bitcoin itself is up nearly 6% over the last week and recently traded hands at $92,773.

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