Market Signal Briefing

Leading cryptocurrencies consolidated with thin liquidity on the first day of 2026, while stock futures rallied.

CryptocurrencyGains +/-Price (Recorded at 8:25 p.m. ET)Bitcoin (CRYPTO: BTC)+0.93%$88,601.49Ethereum (CRYPTO: ETH)
               +0.67%$2,999.74XRP (CRYPTO: XRP)                         +1.78%$1.87Solana (CRYPTO: SOL)                         +0.72%$126.30Dogecoin (CRYPTO: DOGE)                         +7.20%$0.1265Sentiment Improves From ‘Extreme Fear’ To ‘Fear’Bitcoin wobbled between $87,000 and $88,000 as bulls await a decisive breakout above $90,000. Trading activity remained thin, with volumes dropping 42% over the last 24 hours.

Ethereum continued to face heavy resistance at $3,000, while trading volume fell 37% on the first day of 2026. Dogecoin, meanwhile, rallied over 7%.

In the past 24 hours, 106,108 traders were liquidated, with total liquidations reaching $124.01 million, according to Coinglass.

Bitcoin's open interest rose 1.60% in the last 24 hours. Meanwhile, over 67% of Binance traders with open BTC positions were positioned long, according to the Long/Short ratio, down from 72% a day earlier.

The market sentiment eased from “Extreme Fear” to “Fear,” according to the Crypto Fear and Greed Index.

Top Gainers (24 Hours) 

Cryptocurrency (Market Cap>$100 M)Gains +/-Price (Recorded at 8:25 p.m. ET)River (RIVER )   +36.21%    $15.33Story (IP )                 +19.04%      $2.01Aerodrome Finance (AERO )          +17.21%      $0.4738The global cryptocurrency market capitalization stood at $3 trillion, following an increase of 0.97% in the last 24 hours.

Stocks Futures Start 2026 HigherStock futures edged higher on New Year's Day. The Dow Jones Industrial Average Futures rose 65 points, or 0.13%, as of 7:45 p.m. EDT.  Futures tied to the S&P 500 rallied 0.14%, while Nasdaq 100 Futures gained 0.16%.

In 2025, major stock indexes posted solid gains overall, as the S&P 500 climbed 16% and the Nasdaq Composite surged 20%.

Markets were closed for New Year's Day and will resume normal trading on Friday.

Will Bitcoin Break Through?Michaël van de Poppe, a widely followed cryptocurrency analyst and trader, noted that Bitcoin is facing strong resistance at its 21-day moving average, somewhere between $88,000 and $89,000.

"I think, once it cracks that level, things should go fast to $100,000," the analyst predicted. "I’m very, very, very excited for the upcoming days."

Ted Pillows, another popular cryptocurrency market commentator, spotted an "Adam and Eve" pattern on Bitcoin's 4-hour chart, where a close above the $94,000 neckline could drive prices to $103,000-$105,000.

The Adam and Eve is a reversal pattern that can appear in both uptrends and downtrends, characterized by a double top or double bottom formation.

Read Next:    

Post-2025 Bitcoin Mining Is An American Energy Asset For Wall Street
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Journalist

Posted: January 2, 2026

In a move that further blurs the lines between Nasdaq-listed equity and the digital asset frontier, Trump Media and Technology Group (DJT) has unveiled a first-of-its-kind digital token distribution for its shareholders.

This marks a calculated pivot toward a tokenized loyalty model, leveraging Crypto.com’s Cronos blockchain to bridge the gap between retail investors and the Truth Social ecosystem.

While the market has seen a flurry of Trump-affiliated memecoins in the past year, this initiative represents a more institutional approach.

Trump Media and Crypto.com
By partnering with Crypto.com, Trump Media is moving away from the “pump-and-dump” volatility often associated with political tokens, opting instead for a high-performance, interoperable infrastructure.

For the first time, DJT shareholders will see their equity mirrored in a digital wallet, receiving 1:1 tokens that unlock perks across Truth Social, Truth+, and the upcoming Truth.Fi suite.

This move signals Trump Media’s shift from a social platform to a Web3-powered media company, using Cronos [CRO] to reward its most loyal shareholders.

Trump Media’s CEO and Chairman, Devin Nunes, said,

“We look forward to utilizing Crypto.com’s blockchain technology and improving regulatory clarity to implement this first-of-its kind token distribution, reward Trump Media shareholders, and promote fair and transparent markets.”

The legal structure emphasized utility rather than investment characteristics.

Trump Media has explicitly clarified that these tokens do not represent an ownership stake, nor do they entitle holders to any share of corporate profits.

By limiting eligibility to true beneficial owners and excluding borrowed shares, the company aims to reward long-term holders and curb short-sellers.

Market divergence and more
Needless to say, this announcement acted as a catalyst for DJT stock, which surged 5.33% in after-hours trading to $13.24, bringing its year-to-date gains to a robust 33.20%.

However, this growth has not been linear; over the past six months, the stock faced a 25.32% decline amidst heightened scrutiny over historical insider trading allegations.

Interestingly, the official corporate move toward Cronos-based tokens coincided with a slump in the broader Trump-themed speculative market.

The TRUMP memecoin fell 4.53% in 24 hours to $4.72. Despite a 290.93% yearly gain, the token slid 17.86% over the past month.

On-chain data showed the TRUMP team withdrew nearly $94 million USDC from liquidity pools. The withdrawals occurred gradually over the past three weeks.

Final Thoughts

As TRUMP and similar tokens unwind through quiet liquidity drains, DJT is building long-term infrastructure instead of chasing short-term speculation.
By rewarding only ultimate beneficial owners, Trump Media is reinforcing shareholder loyalty while limiting short-seller influence.

Ishika Kumari is a Crypto Analyst and Content Strategist at AMBCrypto, specializing in the analysis of cryptocurrency regulations, market trends, and the socio-political impact of blockchain technology.
Her expertise is grounded in her academic background as a graduate of Political Science from the renowned University of Delhi. This discipline has equipped her with a sophisticated framework for analyzing complex governance models, international regulatory landscapes, and the economic principles that underpin decentralized systems.
At AMBCrypto, Ishika applies this unique analytical lens to her work. She excels at breaking down intricate subjects—from the technicalities of new protocols to the nuances of global crypto legislation—into clear, accessible, and insightful content. Her primary mission is to bridge the gap between the complexity of the digital asset industry and the everyday reader, ensuring that AMBCrypto's audience is not just informed, but truly understands the forces shaping the future of finance.

XRPUSD – Daily Chart – Market Structure Bill
US XRP-Spot ETF Flows Underscore Robust Demand Backdrop
While legislative developments lifted sentiment, holiday demand for US XRP-spot ETFs added to the bullish momentum.

The US XRP-spot ETF market reported net inflows of $499.91 million in December 2025, following $666.61 million of inflows the previous month. By contrast, the US BTC-spot ETF market saw $1.09 billion in net outflows in December, following outflows of $3.47 billion in November.

Market experts have signaled a positive year ahead for XRP, citing crypto-friendly legislation and strong institutional demand. This week, Geoffrey Kendrick, Global Head of Digital Asset Research at Standard Chartered Bank, projected the token to end 2026 at $8 and $12.5 by the year-end of 2028.

Nate Garaci, President at NovaDius Wealth Management, shared the optimism toward the year ahead, stating:

“2025 started w/active SEC lawsuit against Ripple… Ended w/spot xrp ETFs trading. Now, we also have spot sol, hbar, & ltc ETFs. Plus crypto Index ETFs holding ada, sui, dot, link, & others. Huge progress. IMO, crypto truly goes mainstream in 2026.”

In September 2025, Geraci warned against underestimating demand for XRP-spot ETFs, as he had done regarding BTC-spot and ETH-spot ETFs. The US BTC-spot ETF market had net inflows of $22.4 billion in 2025, taking total net inflows since launching to $56.59 billion.

XRP Outlook Increasingly Bullish
The Market Structure Bill’s progress on Capitol Hill and resilient demand for XRP-spot ETFs reinforce the cautiously bullish short-term (1-4 weeks) outlook, with a $2.0 price target. Meanwhile, the prospects of increased utility, Fed rate cuts, and the Senate passing the Market Structure Bill affirm the positive longer-term price paths:

Medium-term (4-8 weeks): $2.5.
Longer-term (8-12 weeks) $3.0.

Key Risks Challenge Bullish Outlook
Several scenarios could unravel the positive outlook. These include:

The Bank of Japan declares a neutral interest rate of between 1.5% and 2.5%, signaling aggressive rate hikes. A higher neutral rate may trigger a yen carry trade unwind, adversely impacting risk assets.
US economic data and the Fed are tempering expectations of a March rate cut.
The MSCI delists digital asset treasury companies (DATs). Delistings would likely dampen interest in XRP as a treasury reserve asset.
Lawmakers oppose the Market Structure Bill.
XRP-spot ETFs report outflows.

These scenarios would likely push the token toward $1.75, indicating a bearish trend reversal.

Technical Indicators Continue to Signal Caution
XRP gained 2.06% on Thursday, January 1, reversing a 1.86% loss from the previous day to close at $1.8793. The token outperformed the broader crypto market cap, which advanced 1.33%.

Despite Thursday’s rally, XRP remained below the 50-day and 200-day Exponential Moving Averages (EMAs), signaling a bearish bias. While technicals remained bearish, bullish fundamentals are building, countering the technical structure.

Key technical levels to watch include:

Support levels: $1.75, and then $1.50.
50-day EMA resistance: $2.0366.
200-day EMA resistance: $2.3524.
Resistance levels: $2, $2.5, $3.0, and $3.66.

Looking at the daily chart, a break above the $2.0 psychological level would open the door to testing the 50-day EMA. A sustained move through the 50-day EMA would suggest a near-term bullish trend reversal, paving the way toward the 200-day EMA and the $2.5 resistance level.

A breakout above the EMAs would reinforce the bullish medium-term outlook and the longer-term (8-12 weeks) $3.0 price target.

The breakout was supported by spot activity, indicating a healthier market move.Updated Jan 2, 2026, 3:21 a.m. Published Jan 2, 2026, 3:21 a.m.

Dogecoin climbed to $0.126 as buyers finally cleared the $0.121 resistance band on the strongest volume in weeks, turning what had been a compression zone into a breakout and shifting near-term focus to whether DOGE can hold above $0.124–$0.125.

News backgroundThe move comes as meme tokens attempt to stabilize into year-end/early-January positioning after a bruising December that saw liquidity thin out and spot markets become increasingly reactive to large bursts of flow. In that environment, breakouts tend to be more “all at once” — driven by a few concentrated windows of execution — rather than gradual trend-building.

STORY CONTINUES BELOW

DOGE also remains a sentiment proxy for the risk-on end of crypto, meaning it often overreacts to changes in positioning as traders rotate between majors and higher beta assets. With leverage having been reduced across parts of the market in recent sessions, DOGE rallies tend to look cleaner when they’re supported by spot activity rather than purely derivatives-driven spikes.

Technical analysisDOGE rose 6.6% from $0.1185 to $0.1263, breaking through the $0.121 ceiling that had capped multiple prior recovery attempts. The breakout was volume-led: trading activity hit 1.23B tokens, about 183% above the daily average, with the key impulse arriving at 15:00 on Jan. 1, when price pushed to session highs near $0.127.

The structure matters more than the percent move. DOGE appears to have completed a double-bottom style base around $0.120–$0.121, and the breakout above that band shifts that region from resistance into a potential retest zone. The rally also established a clean higher-low sequence into the close and then transitioned into consolidation rather than immediate reversal — typically a healthier breakout profile.

In the last stretch of trading, DOGE held above $0.1245 and consolidated tightly around $0.1264, with the tape showing reduced volatility and declining volume — a sign that selling pressure didn’t immediately reclaim control after the spike.

Price action summaryDOGE rose from $0.1185 to $0.1263, a 6.6% gain over 24 hoursThe breakout cleared $0.121 resistance on 1.23B volume (about 183% above average)Price printed session highs near $0.127 before consolidatingDOGE held above $0.1245 support into the close, keeping the breakout structure intactWhat traders should knowThis is now a breakout-and-hold setup rather than a “bounce” setup. The question isn’t whether DOGE can rally — it already did — it’s whether buyers can defend the reclaimed level.

The levels are straightforward:

If $0.1245–$0.125 holds: DOGE has room to grind toward the next supply zone at $0.132–$0.134, which lines up with the next obvious resistance cluster and the neckline-type area traders will target after a double-bottom break. A clean push through $0.132 would likely pull price toward $0.136 quickly.If DOGE loses $0.1245: the breakout risks turning into a failed move, with price likely sliding back into the prior base around $0.121. That becomes the key “make or break” retest.If $0.121 fails on a retest: then the rally is likely just a relief move and the market reopens downside risk toward $0.118–$0.109.Bottom line: the breakout did its job. Now the tape needs to prove it can hold above $0.1245. If it does, upside targets $0.132–$0.136 come into play quickly. If it doesn’t, this becomes a classic failed breakout back into the old range.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

Dec 22, 2025

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.View Full Report

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XRP bounces, but $2 remains the hurdle as exchange supply hits 8-year low

12 minutes ago

Exchange balances have decreased by about 57% since October, suggesting tokens are moving into longer-term storage.

What to know:

XRP's price rose to $1.87 as exchange-held supply fell to its lowest level since 2018, indicating a tightening supply narrative.Exchange balances have decreased by about 57% since October, suggesting tokens are moving into longer-term storage.XRP faces resistance near $1.88, with a broader range between $1.77 and $2.00, as technical indicators show mixed momentum.Read full story

Tether adds nearly $800 million in bitcoin, bringing holdings above 96,000 BTCThe purchase is part of Tether's strategy to use up to 15% of its quarterly profits for bitcoin acquisitions.Updated Jan 2, 2026, 3:42 a.m. Published Jan 2, 2026, 3:36 a.m.

Tether began 2026 with adding 8,888.88 BTC to its treasury wallet as part of its Q4 2025 profit allocation, according to CEO Paolo Ardoino.

STORY CONTINUES BELOW

The transfer, worth roughly $780 million at current prices, reinforces a strategy that has quietly made the world’s largest stablecoin issuer one of bitcoin’s biggest corporate holders.

The purchase follows a policy Tether introduced in 2023 to allocate up to 15% of its realized quarterly operating profits to bitcoin purchases, effectively turning the company into a systematic accumulator rather than an opportunistic buyer.

These accumulations matter because Tether’s profits are directly tied to the cash-like assets backing USDT, primarily short-term U.S. Treasuries and repos. That means higher rates and strong demand for stablecoins can translate into more operating profit and, by extension, more bitcoin purchases.

Unlike corporate buyers that raise capital specifically to buy BTC, Tether’s approach is closer to an internal treasury strategy.

It uses excess earnings to diversify reserves without touching the assets backing its stablecoin liabilities, while still keeping the bulk of its backing in highly liquid instruments.

The timing is also notable. Bitcoin has struggled to sustain rallies into year-end, with liquidity thinning across venues and risk appetite uneven.

BTC was trading around $89,000 by mid-day Hong Kong time.

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

Dec 22, 2025

KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.View Full Report

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Dogecoin surges 7% as a double-bottom break sparks DOGE rally

28 minutes ago

The breakout was supported by spot activity, indicating a healthier market move.

What to know:

Dogecoin surged to $0.126, breaking the $0.121 resistance with significant trading volume.The breakout was supported by spot activity, indicating a healthier market move.DOGE needs to maintain above $0.1245 to target the next resistance zone at $0.132–$0.134.Read full story

MOVA Chain promoted $100 million in funding; backer now calls it "valuation"

Platform claiming "North American tech" origins was generated by Gamma.app

Internal documents reveal multi-level marketing structure targeting retirees

(Seoul) — The pitch to South Korean retail investors was irresistible: a blockchain project backed by a $100 million investment from the UAE, developed by a top-tier North American tech team, and tied to the family of U.S. President-elect Donald Trump.

But the reality of MOVA Chain appears to be far less sophisticated. An investigation by TokenPost reveals that the project’s "financial engine" was constructed using a free AI website generator, its alleged nine-figure funding was a valuation figure rather than cash, and its sales structure mirrors a multi-level marketing (MLM) scheme targeting the elderly.

The unraveling of MOVA Chain underscores the persistent risks in South Korea’s crypto market, where sophisticated marketing often masks a lack of technical substance. Following the discovery of these discrepancies, TokenPost has severed its sponsorship ties with the project and initiated a probe into its operations.

The 'Valuation' Pivot

Central to MOVA Chain’s marketing was the claim that it had secured $100 million in strategic investment from the UAE-based Aqua1 Foundation. The figure was prominently featured in press releases and sales pitches to validate the project’s stability.

However, in a legal letter sent to TokenPost on Jan. 2, Aqua Labs Investment LLC—the entity representing the backers—conceded that no such capital injection took place.

"Mova has consistently and clearly stated that it secured a strategic investment at a $100 million valuation, not that it received $100 million in deployed capital," the firm stated in the correspondence.

This admission contradicts MOVA's Nov. 5 press release, which announced the "completion of a $100 million strategic funding round," a phrasing standardly understood in financial markets to denote liquidity, not a theoretical appraisal.

No-Code 'Tech'

While MOVA promoted its decentralized exchange, USD1SWAP, as a "next-generation financial engine" built by elite North American engineers, technical analysis suggests otherwise.

The platform’s frontend source code and design templates indicate it was created using Gamma.app, a no-code AI tool frequently used for generating slide decks and basic websites. The findings raise serious questions about the project's ability to handle the "trillions in Real World Assets (RWA)" it promised investors, suggesting the "North American tech team" may not exist.

The 'Uranus' Structure

Internal sales documents obtained by TokenPost reveal a revenue model dependent on recruitment rather than transaction fees. The project categorizes investors into a tiered node system ranging from "Mercury" ($100) to "Uranus" ($10,000).

According to the documents, purchasing a top-tier Uranus node quadruples an investor's payout limit. The system incentivizes recruitment with a 10% direct referral bonus and additional "matching bonuses" down to five levels. The compensation plan explicitly references "small leg" volume—terminology characteristic of pyramid schemes—promising global dividends to recruiters who generate over $30 million in sales on their weaker side.

The Trump Connection

Sales agents for MOVA have actively leveraged the brand of the U.S. President-elect, telling potential investors in chat rooms that the project’s USD1 stablecoin was "created by the Trump family" and approved by U.S. Congress. Marketing materials have utilized unauthorized images of Donald Trump and his sons.

Aqua Labs denied any official partnership with the Trump family in its correspondence. However, the false association has served as a key recruitment tool in South Korea’s offline crypto centers, which frequently target older demographics familiar with the Trump brand.

Regulatory Gray Zone

The entity cited as the primary investor, Aqua1 Foundation, does not appear in the public registries of the UAE’s financial regulators, the ADGM or DFSA. Instead, the firm provided registration documents for a Dubai-based LLC formed in May 2025, raising concerns about the use of the term "Foundation" to imply institutional legitimacy.

TokenPost, which previously accepted MOVA Chain as a sponsor, stated it has "moved from partner to watchdog" following the discoveries. The media outlet is continuing its investigation into the project's alleged ties to other financial institutions, including GeoNova Capital and Standard Chartered.

For more on this investigation, contact the TokenPost Special Reporting Team at [email protected].

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Crypto ETFs closed the final trading day of 2025 with continued pressure on bitcoin and ether products, while XRP and solana quietly extended their late-year momentum.

XRP price climbed to around $1.87 as exchange-held supply dropped to its lowest level since 2018, reinforcing a tightening-float narrative even while price action remains capped below a critical resistance zone. Data shows that XRP balances on centralized exchanges have fallen to roughly 1.6 billion tokens, representing a decline of about 57% since October. This steady drawdown suggests that more XRP is being moved into long-term storage, custody solutions, or institutional rails rather than remaining readily available for spot selling.

The reduction in exchange supply is occurring alongside a broader shift in market behavior. Institutions are increasingly favoring structured and regulated exposure to major cryptocurrencies, while spot markets remain volatile and range-bound. For XRP, this dynamic has resulted in a supportive longer-term bid, but near-term momentum remains fragile as traders continue to respect well-defined technical levels.

XRP advanced roughly 1.7% from $1.84 to $1.87, forming a sequence of higher lows and maintaining contained intraday volatility of about 2.5%. Importantly, volume expanded during the push higher, reaching approximately 32 million tokens traded, nearly 50% above average. This suggests genuine participation rather than a low-liquidity drift higher. However, price action repeatedly slowed near the $1.88 area, reinforcing it as a key resistance level that has consistently capped rebounds ahead of the psychological $2.00 mark.

Momentum indicators present a mixed picture. Some oscillators point to bullish divergence, indicating improving momentum even without a confirmed breakout. Structurally, XRP remains constructive as long as it holds above the $1.82–$1.83 short-term base and the broader $1.77 support zone, which has historically acted as a demand pocket.

From a trading perspective, the market remains locked in a tug-of-war. A sustained break above $1.88 could open a move toward $1.95 and potentially $2.00, where a breakout may attract momentum buyers. Conversely, failure to hold current support would shift focus back toward $1.77. For now, shrinking exchange supply supports the longer-term outlook, but XRP still needs a decisive move above resistance before bulls fully regain control.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

Tether has kicked off 2026 by significantly expanding its bitcoin reserves, adding 8,888.88 BTC to its treasury wallet as part of its fourth-quarter 2025 profit allocation. The move was confirmed by Tether CEO Paolo Ardoino and highlights the stablecoin issuer’s ongoing strategy to systematically accumulate bitcoin. At current market prices, the transfer is valued at approximately $780 million, further cementing Tether’s position as one of the largest corporate holders of BTC globally.

This latest bitcoin purchase aligns with a policy Tether introduced in 2023, under which the company allocates up to 15% of its realized quarterly operating profits to bitcoin investments. Rather than acting as a short-term or opportunistic buyer, Tether has adopted a long-term, programmatic accumulation strategy that steadily increases its BTC exposure over time.

Tether’s ability to buy bitcoin at this scale is closely tied to the performance of its core business. The company generates profits from the cash-like assets backing USDT, including short-term U.S. Treasuries and repurchase agreements. When interest rates remain elevated and demand for stablecoins stays strong, Tether’s operating profits increase, creating additional capacity for bitcoin purchases without impacting the reserves that back its stablecoin liabilities.

Unlike some corporate bitcoin buyers that raise debt or equity specifically to acquire BTC, Tether’s approach functions as an internal treasury management strategy. Excess earnings are used to diversify reserves, while the majority of backing assets remain in highly liquid and low-risk instruments. This structure allows Tether to gain bitcoin exposure while maintaining stability and liquidity for USDT holders.

The timing of the purchase is also notable. Bitcoin has faced challenges sustaining rallies toward the end of the year, with thinner liquidity and uneven risk appetite across global markets. Despite these conditions, BTC was trading near $89,000 by mid-day Hong Kong time, underscoring continued investor interest.

As Tether continues to generate strong profits from its stablecoin operations, its disciplined bitcoin accumulation strategy could play an increasingly influential role in the broader crypto market, especially as institutional and corporate BTC adoption continues to grow.

<Copyright ⓒ TokenPost, unauthorized reproduction and redistribution prohibited>

NEW YORK, Jan. 01, 2026 (GLOBE NEWSWIRE) --

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of StubHub Holdings, Inc. (NYSE: STUB) pursuant and/or traceable to the Registration Statement issued in connection with StubHub’s September 2025 initial public offering (the “IPO”), of the important January 23, 2026 lead plaintiff deadline.

SO WHAT: If you purchased StubHub common stock you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the StubHub class action, go to https://rosenlegal.com/submit-form/?case_id=48412 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 23, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

DETAILS OF THE CASE: According to the lawsuit,  the Registration Statement was materially false and misleading and omitted to state that: (1) StubHub was experiencing changes in the timing of payments to vendors; (2) those changes had a significant adverse impact on free cash flow, including trailing twelve months (“TTM”) free cash flow; (3) as a result, StubHub’s free cash flow reports were materially misleading, and that; (4) as a result of the foregoing, defendants’ positive statements about StubHub’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the StubHub class action, go to https://rosenlegal.com/submit-form/?case_id=48412 or call Phillip Kim, Esq. at 866-767-3653 or email [email protected] for more information.

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

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

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

-------------------------------

Contact Information:

        Laurence Rosen, Esq.
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        The Rosen Law Firm, P.A.
        275 Madison Avenue, 40th Floor
        New York, NY 10016
        Tel: (212) 686-1060
        Toll Free: (866) 767-3653
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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 MGY 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.

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A volatile coal market, a strong balance sheet, and a rare earths angle explain why this position keeps getting bigger.

On November 14, Connecticut-based Discovery Capital Management disclosed a significant buy in Ramaco Resources (METC +3.57%), increasing its stake by 4.18 million shares and seeing the overall position climb by about $164.67 million in value.

What HappenedAccording to an SEC filing dated November 14, Connecticut-based Discovery Capital Management added 4.18 million shares of Ramaco Resources during the third quarter. The fund’s stake rose to 5.53 million shares with a quarter-end market value of $182.21 million, reflecting a $164.67 million increase from the prior period.

What Else to KnowRamaco Resources now accounts for about 10% of Discovery’s reportable U.S. equity AUM, making it the fund’s largest holding.

Top holdings after the filing: 

NASDAQ: METC: $182.21 million (10% of AUM)NASDAQ: IREN: $157.95 million (9% of AUM)NASDAQ: ORBS: $131.61 million (7% of AUM)NYSEMKT: GDLC: $101.19 million (6% of AUM)NYSE: AMX: $98.31 million (5% of AUM)As of Thursday, METC shares were priced at $18.00, up 78% over the past year and well outperforming the S&P 500, which is up about 16% in the same period.

Company OverviewMetricValuePrice (as of Thursday)$18.00Market Capitalization$1.19 billionRevenue (TTM)$579.50 millionDividend Yield2%Company SnapshotRamaco Resources produces and sells metallurgical coal, with key assets including the Elk Creek, Berwind, Knox Creek, and RAM Mine properties.The company generates revenue through the extraction and sale of metallurgical coal to domestic and international steel producers and coke plants.It serves blast furnace steel mills and coke plants in the United States and international metallurgical coal consumers.Ramaco Resources is a leading U.S. metallurgical coal producer with a diversified portfolio of mining assets across West Virginia, Virginia, and Pennsylvania. The company leverages significant controlled mineral reserves to supply high-quality coal to the steel industry, supporting both domestic and global demand. Its strategic focus on metallurgical coal positions it as a key supplier to steel mills and coke plants, providing a competitive edge through resource scale and market reach.

Foolish TakeFor Discovery, Ramaco Resources to be its top holding signals a willingness to lean into cyclicality precisely when most investors are backing away from it. Operationally, the company is navigating a weak backdrop with discipline. Third-quarter revenue fell a steep 28% drop to $121 million year over year as pricing softened, yet cash costs declined to $97 per ton. Adjusted EBITDA came in at $8.4 million despite lower realized prices, while liquidity climbed to a record $272 million, including more than $77 million in net cash. That balance sheet strength matters when coal markets are volatile, and capital is scarce.

What differentiates Ramaco from a typical coal exposure is what sits alongside the core business. Management is actively transitioning toward a dual-platform model that includes rare earth and critical minerals development at the Brook Mine in Wyoming, a project backed by federal interest and early-stage infrastructure investment. It’s not a typical play, but it introduces optionality that pure-play coal peers lack.

Glossary13F: A quarterly SEC filing required from institutional investment managers to disclose their U.S. equity holdings.
Assets Under Management (AUM): The total market value of assets a fund or investment manager oversees on behalf of clients.
Metallurgical coal: A type of coal used primarily in steel production, not for electricity generation.
Dividend yield: Annual dividend payments as a percentage of the stock's current price.
Trailing twelve months (TTM): The 12-month period ending with the most recent quarterly report.
Position change: The increase or decrease in the number or value of shares held in a particular investment.
Reportable assets: Investments that must be disclosed in regulatory filings, such as those required by the SEC.
Stake: The total number of shares or ownership percentage an investor holds in a company.
Quarter-end: The last day of a financial quarter, used as a reference point for reporting financial data.
Market reach: The extent of a company's ability to sell its products or services to customers in various markets.
Controlled mineral reserves: Mineral resources owned or managed by a company, available for future extraction and sale.
Blast furnace: An industrial facility where iron ore is converted into steel, often using metallurgical coal as a key input.

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

Buzzy upstarts and supermarket knockoffs have eaten into the market share of the leading brand. Years of cost cutting, underinvestment and corporate chaos preceded a planned company split.

With identical S&P 500 exposure, VOO and SPY differ in subtle ways that could matter for long-term investors.

The Vanguard S&P 500 ETF (VOO 0.73%) and the SPDR S&P 500 ETF Trust (SPY 0.70%) are both designed to mirror the performance of the S&P 500 Index, giving investors access to a diversified basket of large U.S. companies.

This comparison examines their costs, returns, risk, and portfolio details to help clarify any differences that may be significant for long-term investors.

Snapshot (cost & size)MetricSPYVOOIssuerSPDRVanguardExpense ratio0.09%0.03%1-yr return (as of Jan. 1, 2026)16.3%16.3%Dividend yield1.06%1.12%Beta (5Y monthly)1.001.00AUM$701 billion$1.5 trillionBeta measures price volatility relative to the S&P 500. The 1-yr return represents total return over the trailing 12 months.

VOO offers a lower expense ratio than SPY, making it more affordable for fee-conscious investors. VOO also delivers a slightly higher dividend yield, though the difference is marginal.

Performance & risk comparisonMetricSPYVOOMax drawdown (5 y)-24.5%-24.5%Growth of $1,000 over 5 years$1,824$1,825What's insideVOO tracks the S&P 500 Index and holds 505 stocks, with a portfolio currently weighted toward technology (making up 37% of total assets), financial services (13%), and consumer cyclical (11%).

Its largest positions are Nvidia, Apple, and Microsoft. The fund has been operating for over 15 years, and it does not employ leverage or special strategies.

SPY offers nearly identical exposure with the same top holdings, closely mirroring VOO’s allocations. Both funds avoid quirks or non-standard index tracking.

For more guidance on ETF investing, check out the full guide at this link.

What this means for investorsSPY and VOO are both S&P 500 ETFs tracking the same index, so they'll be close to identical in terms of holdings, sector allocation, risk, and performance.

The main differences between them, then, will come down to fees, yield, and liquidity -- and VOO has a slight advantage in all of these areas.

VOO offers a lower expense ratio than SPY: 0.03% compared to 0.09%. This means investors can expect to pay $3 per year in fees for every $10,000 invested with VOO, compared to $9 per year with SPY. While it may seem like a small difference at first, it adds up for long-term investors who have accumulated hundreds of thousands of dollars.

VOO also delivers a slightly higher dividend yield of 1.12% compared to SPY's 1.06%. Again, it's a marginal difference. But for those who own many shares, even a slightly higher dividend payment can amount to hundreds or even thousands of dollars more in dividend income.

Finally, VOO's higher assets under management could be an advantage for some investors, as it provides more liquidity and makes it easier to buy and sell without affecting the ETF's price. For long-term investors who don't plan on selling anytime soon, though, this factor may not be a deciding factor.

This isn't to say that SPY isn't also a strong investment. If you already own other SPDR ETFs, sticking with a familiar name can be enough of an advantage in itself. But if you're looking to minimize fees and earn slightly more dividend income from your investment, VOO has an edge in these areas.

GlossaryETF: Exchange-traded fund that holds a basket of assets and trades on stock exchanges like a stock.
Index fund: Fund designed to replicate the performance of a specific market index, such as the S&P 500.
S&P 500 Index: Benchmark index of 500 large U.S. companies, widely used to represent the overall U.S. stock market.
Expense ratio: Annual fund operating costs expressed as a percentage of assets, deducted from investor returns.
Dividend yield: Annual dividends paid by a fund or stock divided by its current price, shown as a percentage.
Assets under management (AUM): Total market value of all assets a fund or investment manager oversees.
Beta: Measure of an investment’s volatility relative to the overall market; 1.00 moves roughly in line with the market.
Max drawdown: Largest peak-to-trough decline in value over a period, showing worst-case loss during that time.
Total return: Investment performance including price changes plus all dividends and distributions, assuming they are reinvested.
Sector weighting: Percentage of a fund’s assets invested in specific industries, such as technology or financial services.
Leverage: Use of borrowed money or derivatives to amplify investment exposure, which can increase both gains and losses.
Tracking: How closely an index fund or ETF matches the performance of its target index over time.

HomeETFs and Funds AnalysisETF Analysis

SummaryThe iShares Global Infrastructure ETF offers diversified exposure across utilities, transportation, and energy infrastructure, emphasizing predictability and defense.IGF's current valuations reflect expectations of a falling rates regime, limiting deep value or cyclical upside for new investors.The ETF's portfolio is utilities-heavy (about 45-50%), making it sensitive to interest rates, with transportation and energy infrastructure providing secondary growth and yield.IGF remains attractive for risk-adjusted returns if rates fall faster than anticipated and global infrastructure growth accelerates. Monty Rakusen/DigitalVision via Getty Images

The iShares Global Infrastructure ETF (IGF) provides global investment exposure across utilities, transportation, and energy infrastructure. Today's valuations and macro setup is balanced enough to accumulate some more, although the best time to start investments may have

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

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

, /PRNewswire/ -- Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), ("Baidu" or the "Company"), a leading AI company with strong Internet foundation, today announced its proposed spinoff and separate listing of the H shares of Kunlunxin (Beijing) Technology Co., Ltd. ("Kunlunxin"), a non-wholly owned subsidiary of the Company, on the Main Board of the Hong Kong Stock Exchange (the "Proposed Spin-off"). The Proposed Spin-off aims to independently showcase Kunlunxin's value, attract investors focused on the AI chip sector, and leverage its standalone listing to enhance its market profile, broaden financing channels, and better align management accountability with performance. This also supports the effort to unlock the value of Baidu's AI-powered businesses.

A listing application form has been submitted to the Hong Kong Stock Exchange (the "HKEX") on a confidential basis to apply for the listing of, and permission to deal in, the H shares of Kunlunxin on the HKEX. Following completion of the Proposed Spin-off, it is expected that Kunlunxin will remain as a subsidiary of the Company.

Details of the Proposed Spin-off have not yet been finalized. The Proposed Spin-off is subject to, among others, the obtaining of approvals from the HKEX, the completion of the filing with the China Securities Regulatory Commission, and the final decisions of the Company and Kunlunxin. There is no assurance that the Proposed Spin-off will take place or when it may take place.

This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. 

About Baidu

Founded in 2000, Baidu's mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on NASDAQ under "BIDU" and HKEX under "9888". One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the "SEC"), in announcements made on the website of the Hong Kong Stock Exchange, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including but not limited to statements about Baidu's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu's growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company's revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company's annual report on Form 20-F and other documents filed with the SEC, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this announcement is as of the date of the announcement, and Baidu undertakes no duty to update such information, except as required under applicable law.

SOURCE Baidu, Inc.

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Before the end of the year sell-off for tax purposes in which millions of investors engage, gold prices were up as high as 70% before closing out the year up +62.31%. Nevertheless, 2025, saw new highs and 2026 expects the trend to continue, since central banks are driving much of the buying on the current bullish run. A similar trend, with triple figure (+137.39) final 2025 gains from silver, are also running a concurrent bullish trajectory.  

Gold, in particular, is a reflection of currency, and its purity standards for good London delivery for trade swap and storage purposes are universally accepted and acknowledged. Gold ore on its own, not unlike crude oil, does not realize its true market value until it can undergo the refining process required to meet international acceptance criteria. Therefore, while gold mining stocks are more than likely to continue to appreciate, those that have their own refinery operations will be protected from any mining interruptions, whether they come from geological or geopolitical reasons.  Therefore, the following stocks that have refining capabilities bear consideration for 2026:

Barrick Mining Corp (NYSE: B)
Rio Tinto Plc (NYSE: RIO)
Glencore ADR (OTC: GLNCY)

Fiat Currency Fears

The inevitable result of unrestrained printing of fiat currency is devaluation, which is why Bidenomics’ profligate spending caused inflation to run into double digits.

Although gold ended 2025 +62% after a high of +70%, the bull run is actually a continuation of 2024, where gold gained +26%. This surge was remarkable, and more akin to biotech or digital technology stock gains. However, gold has long been the “flight to safety asset”, and 2024 exhibited some unprecedented geopolitical turbulence that certainly justified that maxim:

October 7 and the subsequent war in Gaza
Ukraine War
Genocide of Christians in Nigeria by Islamist terrorists
Currency devaluation

The last one is obviously of particular concern to central bankers, who have been engaged in the printing of fiat currency for many decades. The ratio of fiat currency to gold continues to increase, as interest debt monetization and interest rate manipulation creates an ongoing devaluation of currency. In order to prevent another Weimar Republic or Venezuela scenario, the central bank hoarding of gold to hedge their profligate money printing has been the primary impetus towards large scale gold purchases.

With US debt at roughly 120%, it has pulled ahead of debt-ridden France at 117%. US Treasuries are now viewed as higher risk than in the past half century, and Japan’s recent interest rate rise no longer offers a carry trade platform used by many institutions since the 1990s. The central banks of China and many European nations have subsequently been stocking up on gold bullion, more than doubling in 2025 their normal acquisition intake levels. 

Given that internationally hallmarked gold bullion bars are the standard configuration usually required by banks for vault safekeeping, gold refiners hold particular power over the future price of gold. Regardless of any increased ore production, banks cannot buy it for currency purposes unless it’s in 99.9% hallmarked bars. Therefore, these well known gold mining and refining stocks that have in-house refining operations should be worth watching in 2026.

Barrick Mining

Barrick gold extracts gold ore from its mines around the world and refines them in South Africa or in Nevada.

Barrick Gold is ranked #2 in the world in terms of gold production, closely behind Newmont Corp. It was #1 until Newmont acquired Goldcorp in 2019. Barrick’s operations stretch from North and South America, to Africa, to the Middle East, Asia, and Southeast Asia.  Headquartered in Toronto, Canada, Barrick’s primary mining targets are gold and copper. The company’s 2025 gold production output is anticipated to be 3.15 to 3.5 million oz. depending on 4Q results, which are usually the highest. Barrick’s gold refining in Africa is processed through its joint venture with Rand Refinery in South Africa, while its North American gold processing is refined through its Nevada Gold Mines joint venture with Newmont. Barrick’s operations incorporate the full gamut of the mining process from exploration and extraction to processing, refining, and delivery. 

Rio Tinto Plc

Rio Tinto is one of the world’s top 10 precious metals refineries.

Headquartered in London, UK, Rio Tinto’s mining operations include gold and silver, as well as its primary focus on iron ore, copper, aluminum, and molybdenum, in addition to lithium and diamonds.  Its refining operations are at its Kennecott facility in Utah. Although primarily engaged in copper refining, gold, silver, platinum, palladium, selenium and tellurium processing also fall under Kennecott’s auspices. Rio Tinto’s 99.99% purity gold bars and 99.95% purity silver bars are accredited by the London Bullion Market Associates (LBMA) for traceability and hallmark source reliability. Rio Tinto is acknowledged as one of the top 10 precious metals refineries in the 2025 Global Precious Metals Recycling and Refining Market Share Report. 

Glencore

Glencore has spent the 31 years shedding its connection with its founder, the notorious Mark Rich.

Founded in 1974 by the notorious Marc Rich. Rich flaunted US sanctions to trade with Iran during the hostage crisis, and was indicted on racketeering, tax evasion, and wire fraud charges, only to be pardoned by Bill Clinton after some hefty campaign donations to Hillary Clinton’s Senate campaign and various Clinton organizations. Formed by Rich as a successful commodities trading entity, Glencore was the largest company in Switzerland in 2010, with a commanding global market share of copper and zinc, among other commodities.  

Glencore refines gold to 99.99% purity at its Montreal based Canadian Copper Refinery (CCR).  Although gold is not its core business and the company does not own any gold mines, it is a significant refiner of gold as a by-product result of its huge copper refining and electronic scrap recycling operations. As a result, although its other commodities businesses are its main bread and butter, the scale of Glencore’s gold refining operations rank in as the second largest in all of Canada. 

After a massive run, it looks like one fund thought the risk-reward had flipped and decided to lock in gains.

On November 13, Dallas-based Anson Funds Management disclosed it sold out of Perpetua Resources (PPTA 1.26%), liquidating 2.15 million worth an estimated $26.1 million.

What HappenedAnson Funds Management reported a complete sale of its stake in Perpetua Resources (PPTA 1.26%), removing the position from its portfolio in the third quarter. The fund liquidated 2.15 million shares, with the transaction’s estimated value at $26.1 million based on quarterly average pricing. The disclosure was made in an SEC filing dated November 13.

What Else to KnowPerpetua Resources had been 3.8% of its 13F AUM in the previous quarter.

Top holdings after the filing: 

NASDAQ:QUBT: $98.93 million (11.2% of AUM)NASDAQ:ASST: $88.13 million (10.0% of AUM)NASDAQ:ORBS: $75.21 million (8.5% of AUM)NASDAQ:SLMT: $66.67 million (7.6% of AUM)NASDAQ:MTCH: $48.49 million (5.5% of AUM)As of Thursday, shares of Perpetua Resources were priced at $24.21, up a staggering 129% over the past year and vastly outperforming the S&P 500, which is up about 16% in the same period.

Company OverviewMetricValuePrice (as of Thursday)$24.21Market capitalization$2.95 billionNet income (TTM)($44.29 million)Company SnapshotPerpetua Resources engages in mineral exploration, focusing on gold, silver, and antimony, with its principal asset being the Stibnite gold project in Idaho.The company operates a resource development model, generating revenue through the discovery, advancement, and potential extraction of precious and strategic metals.It serves industrial customers and commodity markets seeking precious metals and antimony, with a focus on U.S.-based supply chains.Perpetua Resources is a U.S.-based mineral exploration company specializing in gold, silver, and antimony, anchored by its 100% ownership of the Stibnite gold project in Idaho. Its business model centers on developing domestic sources of strategic metals for industrial and national supply chain needs.

Foolish TakePerpetua stock has surged roughly 129% over the past year, buoyed by major project milestones at the Stibnite Gold Project. And since a June and July equity offering, Perpetua has raised hundreds of millions of dollars, broken ground, and advanced toward a potential construction decision tied to as much as $2.0 billion in proposed U.S. EXIM financing (the official U.S. export credit agency). That progress is real and strategically important, but it also changes the risk profile.

Perpetua remains pre-revenue, capital-intensive, and dependent on execution across permitting, financing, and construction timelines. After October’s strategic investments and additional equity raises, dilution risk, financing complexity, and timeline sensitivity all increased. For a diversified portfolio, that makes a full exit a rational capital allocation decision, not a bearish call on the asset. Also important to note, Perpetua stock has been pretty volatile in the last few weeks, falling about 17% in less than a month alone -- and it saw an even steeper 25% fall in October. That type of risk-reward should certainly be top of mind for a fund looking to recalibrate.

Glossary13F reportable assets: Assets that institutional investment managers must disclose quarterly to the Securities and Exchange Commission (SEC), showing their U.S. equity holdings.

AUM (Assets under management): The total market value of investments managed by a fund or investment firm.

Position: The amount of a particular security or asset held in a portfolio.

Liquidated: The process of selling off a position or asset for cash, fully or partially.

Stake: The ownership interest or share held in a company by an investor or fund.

Quarterly average pricing: The average price of a security over a specific quarter, used for estimating transaction values.

Outperforming: Achieving a higher return than a benchmark or comparable index over a given period.

Resource development model: A business approach focused on discovering, advancing, and extracting natural resources for profit.

Strategic metals: Metals considered important for industrial, technological, or defense applications, often with limited supply sources.

TTM: The 12-month period ending with the most recent quarterly report.

January 01, 2026 18:02 ET

 | Source:

Mesoblast Limited

NEW YORK, Jan. 01, 2026 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO; ASX:MSB), global leader in allogeneic cellular medicines for inflammatory diseases, today announced that as foreshadowed at the recent Annual General Meeting the Board will undertake a number of changes in line with the Company's evolution to a revenue-generating commercial company.

Having presided during the most transformational period for the company with its first U.S. Food & Drug Administration (FDA) approval and successful product commercialization, Ms Jane Bell will retire from her role as Chair and will remain on the Board as a non-executive director. The Board has unanimously appointed Mr Philip Facchina to the role of non-executive Chair and Ms Lyn Cobley as Chair of the Audit and Risk Committee. Mr William Burns remains as Mesoblast Vice-Chair and Chair of the Nomination and Remuneration Committee.

Incoming Chair Mr Facchina said, “The Board is deeply grateful and acknowledges Ms Bell for her dedicated service as Chair of Mesoblast during a critical period of the Company's transformation from development to commercialization.”

Mr Facchina joined the Mesoblast board in March 2021 and has over forty years of experience in corporate strategy, finance, and business development across several industries, including healthcare. Ms Cobley joined the Mesoblast board in April 2025 and has extensive corporate finance and governance experience at some of the largest institutions globally and has a strong background in strategy and leadership, and working in highly regulated industries.

“These changes reflect our focus on maintaining a high performing, engaged Board with the right mix of expertise and fresh perspectives,” said Ms Bell, outgoing Chair of the Board. “I look forward to supporting Phil and Lyn and the rest of the board as we continue to execute on our long-term strategy for shareholders and other stakeholders.”

Today’s announced changes follow a periodic review of Board composition, committee assignments, and leadership structure, which the Board undertakes as part of regular governance process. Our commitment to sound governance ensures the right blend of expertise, tenure and renewal. Mesoblast expects to further strengthen its U.S. commercial expertise in the company in the next twelve months in line with stated commitment to maximizing commercial delivery and shareholder value.

About Mesoblast
Mesoblast (the Company) is a world leader in developing allogeneic (off-the-shelf) cellular medicines for the treatment of severe and life-threatening inflammatory conditions. The therapies from the Company’s proprietary mesenchymal lineage cell therapy technology platform respond to severe inflammation by releasing anti-inflammatory factors that counter and modulate multiple effector arms of the immune system, resulting in significant reduction of the damaging inflammatory process.

Mesoblast’s Ryoncil® (remestemcel-L-rknd) for the treatment of steroid-refractory acute graft versus host disease (SR-aGvHD) in pediatric patients 2 months and older is the first FDA-approved mesenchymal stromal cell (MSC) therapy. Please see the full Prescribing Information at www.ryoncil.com.

Mesoblast is committed to developing additional cell therapies for distinct indications based on its remestemcel-L and rexlemestrocel-L allogeneic stromal cell technology platforms. Ryoncil® is being developed for additional inflammatory diseases including SR-aGvHD in adults and biologic-resistant inflammatory bowel disease. Rexlemestrocel-L is being developed for heart failure and chronic low back pain. The Company has established commercial partnerships in Japan, Europe and China.

About Mesoblast intellectual property: Mesoblast has a strong and extensive global intellectual property portfolio, with over 1,000 granted patents or patent applications covering mesenchymal stromal cell compositions of matter, methods of manufacturing and indications. These granted patents and patent applications provide commercial protection extending through to at least 2044 in all major markets.

About Mesoblast manufacturing: The Company’s proprietary manufacturing processes yield industrial-scale, cryopreserved, off-the-shelf, cellular medicines. These cell therapies, with defined pharmaceutical release criteria, are planned to be readily available to patients worldwide.

Mesoblast has locations in Australia, the United States and Singapore and is listed on the Australian Securities Exchange (MSB) and on the Nasdaq (MESO). For more information, please see www.mesoblast.com, LinkedIn: Mesoblast Limited and X: @Mesoblast

Forward-Looking Statements
This press release includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. We make such forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements should not be read as a guarantee of future performance or results, and actual results may differ from the results anticipated in these forward-looking statements, and the differences may be material and adverse. Forward-looking statements include, but are not limited to, statements about: the initiation, timing, progress and results of Mesoblast’s preclinical and clinical studies, and Mesoblast’s research and development programs; Mesoblast’s ability to advance product candidates into, enroll and successfully complete, clinical studies, including multi-national clinical trials; Mesoblast’s ability to advance its manufacturing capabilities; the timing or likelihood of regulatory filings and approvals, manufacturing activities and product marketing activities, if any; the commercialization of Mesoblast’s RYONCIL for pediatric SR-aGVHD and any other product candidates, if approved; regulatory or public perceptions and market acceptance surrounding the use of stem-cell based therapies; the potential for Mesoblast’s product candidates, if any are approved, to be withdrawn from the market due to patient adverse events or deaths; the potential benefits of strategic collaboration agreements and Mesoblast’s ability to enter into and maintain established strategic collaborations; Mesoblast’s ability to establish and maintain intellectual property on its product candidates and Mesoblast’s ability to successfully defend these in cases of alleged infringement; the scope of protection Mesoblast is able to establish and maintain for intellectual property rights covering its product candidates and technology; estimates of Mesoblast’s expenses, future revenues, capital requirements and its needs for additional financing; Mesoblast’s financial performance; developments relating to Mesoblast’s competitors and industry; and the pricing and reimbursement of Mesoblast’s product candidates, if approved. You should read this press release together with our risk factors, in our most recently filed reports with the SEC or on our website. Uncertainties and risks that may cause Mesoblast’s actual results, performance or achievements to be materially different from those which may be expressed or implied by such statements, and accordingly, you should not place undue reliance on these forward-looking statements. We do not undertake any obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

Release authorized by the Chief Executive.

For more information, please contact:

Corporate Communications / Investors Paul Hughes T: +61 3 9639 6036   Media – Global Media – AustraliaAllison WorldwideBlueDot MediaEmma NealSteve DabkowskiT: +1 603 545 4843T: +61 419 880 486E: [email protected]: [email protected]

Gold rose in early Asian trade. “In the Middle East, the situation remains fragile, with risks of escalation still present,” DHF Capital said.

Chinese internet search giant Baidu said on Friday its AI chip unit Kunlunxin has confidentially filed a listing application with the Hong Kong stock exchange on January 1, paving the way for a spin-off and separate listing.

Dogecoin price has declined in recent weeks, reflecting broader market weakness and fading speculative demand. This pullback has led to the formation of a bullish divergence on technical charts. 

The signal is reinforced by improving on-chain cues, suggesting selling pressure may be losing strength as DOGE stabilizes.

Dogecoin Whales Anticipate RecoveryLarge Dogecoin holders have shown renewed optimism toward the end of 2025. Whale addresses holding between 100 million and 1 billion DOGE shifted into accumulation mode. Over three days, these wallets acquired roughly 1.5 billion DOGE, valued at $185 million.

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While this accumulation does not guarantee an immediate rally, it remains constructive for the Dogecoin price. Whale behavior often reflects longer-term positioning rather than short-term trading. Their willingness to buy during weakness suggests growing confidence that downside risk may be limited near current levels.

Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Dogecoin Whale Holding. Source: SantimentMacro indicators point to deep capitulation across Dogecoin holders. Net Unrealized Profit and Loss, or NUPL, has dropped to a two-year low. Current readings sit near -0.25, reflecting widespread unrealized losses across the network.

Historically, DOGE reversals have emerged as NUPL approaches the -0.27 threshold. At such levels, selling pressure often saturates as losses peak. With profits collapsing to October 2023 levels, conditions may be forming for stabilization and a gradual recovery phase.

Dogecoin NUPL. Source: GlassnodeDOGE Price Prepares For Bounce BackThe Dogecoin price is currently forming a bullish divergence. Over the past two weeks, price action posted a lower low. Meanwhile, the Relative Strength Index established a higher high, signaling weakening downside momentum despite continued price pressure.

This divergence often precedes trend reversals as buyers regain control. If confirmed, DOGE could reclaim $0.122 as support. At the same time, a sustained move above this level may open a path toward $0.131, with $0.143 acting as the next upside target.

DOGE Price Analysis. Source: TradingViewFailure to confirm the divergence would expose DOGE to renewed losses. As a result, the price could slip toward $0.113 if selling resumes. Losing this support would invalidate the bullish setup and may drag Dogecoin toward $0.110 or lower under bearish conditions.

Thu, 1/01/2026 - 20:15

Frank Giustra, a prominent Canadian business mogul, has predicted that Bitcoin could potentially face a severe price plunge.

Cover image via U.Today

Frank Giustra, a prominent Canadian business mogul, mining financier, and philanthropist, has predicted that the treasury companies that borrowed money to buy Bitcoin will eventually face a financial squeeze. When they do, they will be forced to dump their massive holdings onto the market, causing a catastrophic price crash. 

"If the Bitcoin treasury companies get into trouble, there will be an unwinding, and Bitcoin will trade a lot lower," Giustra wrote. "If I am wrong, it won’t change my life."

The comments came during a heated exchange on X (formerly Twitter) late Thursday, sparked by a post from political commentator Bo Hines. The former White House advisor declared that "anyone bearish on Bitcoin heading into 2026 is foolish," Giustra countered that caution is merely a defense against "gambling."

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The shares of Strategy, the leading Bitcoin treasury firm, got pummeled in 2025, plummeting by more than 50%. As reported by U.Today, Giustra previously slammed Strategy CEO Michael Saylor as a "Bitcoin charlatan."

Bearish technicals loom over 2026Giustra’s fundamental concerns align with emerging technical data, which could be interpreted as a rather bad omen for digital assets. 

Earlier today, Bloomberg Intelligence Senior Commodity Strategist Mike McGlone noted that Bitcoin is facing a "down year" based on its 50-week moving average.

Silver and Bitcoin both face down years in 2026, if 50-week moving averages are guides, but for different reasons. At about $72 an ounce on Dec. 31, the metal's 73% premium to this mean was exceeded only once on a year-end basis, in 1979 (database since 1954). Silver peaked near… pic.twitter.com/9jabW5iicj

— Mike McGlone (@mikemcglone11) January 1, 2026 This line represents the average price of the asset over the last year. He looks at how far above or below the current price is compared to this average.

Based on historical data, if Bitcoin trades at this specific discount, it is in danger of facing a much deeper drop. He forecasts a "lower trough near a 55% rebate."

If McGlone is right and Bitcoin drops from $87,000 down to the "55% rebate" range (roughly $45,000 - $50,000), the treasury companies would see the value of their holdings plummet.

The Bloomberg analyst is also predicting a down year for silver. McGlone compares this to 1980, the famous Hunt Brothers silver bubble. When silver was this "stretched" in 1980, it crashed 52% that same year.

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Prenetics Global Limited, the health sciences firm linked to David Beckham, said it will stop buying Bitcoin in 2026. This marks a clear retreat from the corporate Bitcoin treasury playbook that gained traction earlier in the cycle.

The company confirmed it ended daily Bitcoin purchases in December 2025 and will not pursue further acquisitions. While Prenetics will retain its existing Bitcoin holdings, the strategic shift reflects a broader reassessment unfolding across public companies after Bitcoin’s late-2025 drawdown.

Bitcoin Bear Market is Making Public Firms Think TwiceBitcoin’s sharp decline in November and December 2025 weighed heavily on companies using balance sheets to gain crypto exposure. That pressure was most visible at MicroStrategy, whose stock fell far more than Bitcoin itself during the correction.

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The divergence highlighted a structural risk. Equity-funded Bitcoin strategies can magnify losses during downturns through leverage, dilution, and shifting investor sentiment. 

As Bitcoin slid, MicroStrategy’s share price amplified the move. MSTR has crashed over 60% in the past six months. This reinforced concerns that treasury-led exposure turns operating companies into high-beta crypto proxies.

MicroStrategy Share Prices Over the Past 6 Months. Source: Google FinanceFor non-crypto firms, that volatility carries reputational and governance risks. Boards must justify capital allocation decisions to shareholders who may prefer predictable cash deployment over exposure to a highly cyclical asset.

Against that backdrop, Prenetics’ decision appears less about abandoning Bitcoin entirely and more about containing balance-sheet risk.

Prenetics maintains close ties to Beckham through IM8, its premium health and longevity brand co-founded with the former football star. 

IM8’s rapid revenue growth has shifted the company’s risk-reward calculus toward operating expansion rather than financial engineering.

By halting future Bitcoin purchases, Prenetics reduces exposure to crypto market swings while keeping optionality through its existing holdings. 

Prenetics Share Prices in 2025. Source: Google FinanceThe move signals a wider cooling in corporate Bitcoin enthusiasm. As late-2025 market stress showed, Bitcoin treasuries can boost returns in bull markets but introduce outsized downside during corrections.