Market Signal Briefing

Journalist

Posted: December 21, 2025

ZCash [ZEC] made an impressive move in the past 24 hours, as the privacy token once again attracted investor interest.

At press time, trading volume reached $744 million, with the asset surging over 11% in a single day, maintaining nearly a 1,000% gain over the past year.

While some may view these gains as temporary, given market conditions, chart developments indicate further upside is still likely.

Bullish momentum driven by ecosystem development
Ecosystem development has been a key factor in ZCash’s recent price boost. The privacy blockchain has expanded token utility, giving holders direct access to multi-chain yield opportunities with an APY of up to 2%.

Such developments are part of a broader strategy to intensify long-term investor commitment, as holders deposit assets to earn fixed income. This reduces the tendency to sell compared to keeping assets on exchanges.

Institutional adoption has also played a role. DeFiLlama reports that Cyberpunk holds about 1.42% of ZEC’s total supply at the time of writing.

Increased institutional participation, along with positive investor sentiment from yield options, could limit circulating supply and contribute to higher demand.

Technical indicators signal a bullish trend
Technical indicators provide insight into potential price direction. The Aroon indicator shows Aroon Up remaining above Aroon Down, suggesting that bulls are in control.

While Aroon Up remains below 70%, as of writing, it indicates the market is bullish but moderately so.

Source: TradingView

Liquidity inflows were visible through the Money Flow Index (MFI), which sat at 65, well within the bullish zone (anything above 50).

A continued upward trend in MFI within this range, without exceeding the overbought threshold of 80, could reinforce the bullish outlook and support overall gains.

Chart patterns support prices
The potential for a bullish outcome remains strong following a breakout from a well-known bullish pattern, the symmetrical triangle.

The pattern shows price consolidating within a defined zone before a breakout. Breaching the upper resistance would indicate broader bullish movement.

Source: TradingView

Chart targets suggest ZEC could extend toward $750, its previous all-time high of the year. For now, the outlook remains strongly bullish, with ZEC holders likely to witness more upside in the short to near term.

Final Thoughts

ZEC holders can now earn an annual percentage yield (APY) on their assets, sparking short-term gains.
Chart analysis and technical indicators all point toward a continued bullish uptrend, suggesting ZEC will continue dominating.

Discover why Applied Digital's massive new contracts could spark one of the biggest AI infrastructure rallies of the decade.

Applied Digital (APLD +16.53%) is gaining momentum as billions in long-term AI data center leases reshape its financial future. With demand for compute surging, the company's shift toward high-margin recurring revenue could unlock explosive upside for investors willing to bet on its execution.

Stock prices used were the market prices of Dec. 15, 2025. The video was published on Dec. 19, 2025.

Rick Orford has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Rick Orford is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link, they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Sandisk's first year back on the stock market couldn't have gone any better.

The AI infrastructure giant has pulled back significantly of late, but it could make a big comeback in the new year.

The sentiment around Oracle (ORCL +6.63%) stock has not been favorable lately. After a stunning surge in the first nine months of the year, shares of the cloud computing and database services provider have witnessed a steep sell-off thanks to mounting concerns about the company's heavy spending on building artificial intelligence (AI) infrastructure, which is inflating its debt.

Oracle stock has shed 42% of its value since hitting a 52-week high on Sept. 10. Shares of the company saw another steep pullback after the release of its fiscal 2026 second-quarter results (for the three months ended Nov. 30) on Dec. 10. Let's see why investors have lost confidence in Oracle stock.

Image source: Getty Images.

Oracle's aggressive spending has spooked investors
Oracle's fiscal Q2 revenue increased by just 14% year over year to $16.1 billion, missing the consensus estimate of $16.2 billion. Its non-GAAP earnings shot up by 54% year over year to $2.26 per share, driven by a $2.7 billion pre-tax gain from the sale of its stake in chip designer Ampere earlier this year. Additionally, Oracle stuck to its $67 billion revenue forecast for the current fiscal year, which may have raised questions about the company's ability to convert its massive backlog into revenue.

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Meanwhile, Oracle's heavy borrowing to fund its rapid capex expansion is another cause for concern. The company's free cash flow was a negative $10 billion last quarter. It has been burning cash for three quarters on the trot. Oracle's capex jumped by 3 times year over year in the previous quarter to $12 billion. It anticipates shelling out $50 billion in capital expenses this year, which is significantly higher than the $35 billion Wall Street estimate.

Oracle is borrowing heavily to fund its spending. Its debt ballooned to $124 billion (including operating lease liabilities) by the end of the previous quarter, an increase of 39% from the year-ago period. Of course, the company has a tremendous revenue backlog to fulfill, driven mainly by its $300 billion contract with OpenAI that will kick off in 2027 and will run for five years. Still, it is easy to see why investors aren't convinced about Oracle spending so much to meet its backlog.

After all, OpenAI has been burning through cash. HSBC expects the AI specialist to remain free cash flow negative over the next five years, pointing out that it would need to raise $207 billion through debt, equity offerings, or by rapidly increasing its revenue. The good part is that OpenAI's top line is expected to grow from an estimated $35 billion in 2026 to $213 billion in 2030, according to HSBC. That's not surprising, as the company has a massive base of 800 million weekly users for its popular chatbot ChatGPT that it can monetize.

Moreover, its enterprise business has been growing at a nice clip because of the productivity gains that AI is helping businesses achieve. Just last month, OpenAI pointed out that the number of ChatGPT Enterprise seats has jumped by a whopping 9 times year over year. As such, don't be surprised to see OpenAI actually finding the money that it needs to pay Oracle from 2027 onward and actually fulfill its commitments in the long run.

Also, investors should note that market research firm IDC estimates that every dollar of spending on AI services by businesses is likely to generate $4.60 in value. As a result, AI infrastructure spending is likely to attract more funding in the future, and that's why it won't be surprising to see Oracle actually converting its backlog into revenue in the long run.

Why the stock seems poised for a comeback in 2026
Oracle's remaining performance obligations (RPO) stood at $523 billion last quarter, up by 438% from the year-ago period. The company attributed this massive jump in the total value of its unfulfilled contracts to the new commitments it received from the likes of Meta Platforms, Nvidia, and others.

This huge figure is the reason why Oracle has been focused on aggressively bringing more capacity online. CEO Clay Magouyrk remarked on the latest earnings call that the company currently serves more than 700 AI customers on the Oracle Cloud Infrastructure (OCI) platform. These include a "vast majority of the large model providers" who spend the additional AI data center capacity that Oracle gives them in a span of just two to three days.

This explains why Oracle has raised its fiscal 2027 (which will end on May 31, 2027) revenue guidance by $4 billion to $89 billion. So, the company's top-line growth is on track to accelerate to 33% next year, double the revenue jump it is on track to deliver in the current fiscal year. Moreover, Oracle's recent sell-off has made the stock affordable.

It is now trading at 9 times sales, almost in line with the U.S. technology sector's average sales multiple. The potential acceleration in its sales growth from next year means that investors are getting a good deal on Oracle stock right now. Assuming it maintains its price-to-sales ratio at the end of fiscal 2027 and achieves $89 billion in revenue, its market cap could hit $801 billion.

That suggests a potential jump of 48% from current levels over the next year and a half. As such, this AI stock could overcome the recent negativity surrounding it and surprise investors in the new year with a significantly improved performance in the market.

This AI infrastructure company is poised to deliver terrific growth in 2026.

Technology stocks endured a shaky start to 2025 as concerns about the heavy spending on artificial intelligence (AI) hardware, the possibility of a recession, and the uncertainty caused by tariffs dented investor confidence in the sector. However, tech stocks made a terrific comeback after a poor first quarter.

This is evident from the 32% surge in the tech-laden Nasdaq Composite index since the beginning of April. The index has clocked overall gains of 20% this year. The good news for tech investors is that the rally is likely to continue in 2026 as well. According to Ryan Detrick, the chief market strategist of financial services and investment management firm Carson Group, a bull market could stretch up to an average of eight years once it is three years old.

Detrick cites historical data going back to 1950. It is worth noting that the S&P 500 index's bull market turned three years old a couple of months ago. Therefore, there is a strong possibility that the index will continue to rise in 2026, which could have a positive impact on the broader market, including Nasdaq stocks. That's the reason why it may be a good time for investors to load up on shares of CoreWeave (CRWV +22.64%), as this Nasdaq stock has the potential to jump impressively in the new year.

Image source: Getty Images.

CoreWeave's outstanding growth is set to drive the stock higher in 2026
CoreWeave is a neocloud company that rents out dedicated AI data centers powered by graphics processing units (GPUs). It relies on a wide range of Nvidia's GPUs -- including Blackwell, Hopper, and even the old A100 GPU -- to offer AI computing power to customers. The company has built a wide customer base that includes Meta Platforms, Microsoft, OpenAI, Google, and many other hyperscalers and companies looking to build and deploy AI applications in the cloud.

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From compute to data storage to networking to managed software services, CoreWeave customers can access a wide range of AI-related services on its platform. Not surprisingly, CoreWeave is experiencing remarkable demand for its AI data center capacity, resulting in significant revenue growth. It generated $3.6 billion in revenue in the first three quarters of 2025, up from $1.17 billion in the same period last year.

It is on track to end 2025 with $5.1 billion in revenue, as per its guidance. More importantly, CoreWeave is expected to sustain its remarkable growth in 2026, as it has a sizable revenue backlog. The company's revenue backlog jumped almost fourfold to $55.6 billion in the third quarter. CoreWeave points out that its revenue backlog includes remaining performance obligations (RPO) as well as the revenue it expects to realize in the future under committed customer contracts.

The company's massive backlog growth was driven by the huge contracts it has received from the likes of OpenAI, Meta Platforms, Nvidia, and other hyperscalers in recent months. Not surprisingly, analysts are expecting CoreWeave's revenue to more than double in 2026.

Data by YCharts.

Analysts believe that this stunning growth will send the stock up by 76% in the coming year, based on CoreWeave's 12-month median price target of $122, as per 33 analysts covering the stock. However, CoreWeave could do much better than that.

The stock may soar past Wall Street's price target in the next year
We have seen in the chart above that CoreWeave's 2026 revenue is expected to exceed $12 billion. Importantly, the company has a big enough backlog that should help it easily meet that target. Another point worth noting is that CoreWeave is quickly building more data center capacity to convert that huge backlog into revenue.

It ended Q3 with 590 megawatts (MW) of active data center capacity, up by 120 MW from Q2. CoreWeave management anticipates bringing at least 1 gigawatt (GW) of active data center capacity online within the next 12 to 24 months. That would translate into a quarterly addition of 125 MW, assuming it takes two years to put the 1 GW active capacity into operation.

So, CoreWeave's active power capacity could at least double in 2026, even if it adds 125 MW every quarter, paving the way for it to double its revenue. However, CoreWeave remains focused on "accessing new capital pools that meaningfully reduce our cost of capital, and scaling both our capacity and organization at an unprecedented pace."

The company's aggressive capacity expansion isn't surprising as it operates in a "highly supply-constrained environment where the demand for CoreWeave best-in-class AI cloud platform far exceeds available capacity." Hyperscalers and AI companies are seeking to acquire AI compute capacity to run AI workloads and harness the productivity gains of this technology.

CoreWeave, therefore, is operating in a favorable demand-supply environment, which should ensure that whatever capacity it offers to customers is quickly taken up. So, if it manages to add capacity at a more aggressive pace next year, it could easily beat Wall Street's revenue estimates. However, even if its revenue is in line with consensus expectations at $12.1 billion and it trades at 5.5 times sales after a year (in line with the Nasdaq Composite index's average sales multiple), its market cap could reach $67 billion.

CoreWeave has a market cap of $35 billion as of this writing, which means that its stock price could nearly double by next year. So, investors looking to capitalize on the AI infrastructure boom should still consider buying this AI stock, as the Nasdaq's rally and CoreWeave's impressive growth could send it soaring in the new year.

While artificial intelligence (AI) has dominated headlines for much of the year, and sent many tech stocks soaring, some of the strongest performance across equities has come from far less glamorous corners. Bank stocks are in the middle of a standout run, with the Financial Select Sector SPDR ETF NYSEARCA: XLF having just hit an all-time high. That strength has come despite the Federal Reserve entering a softer phase, with rates no longer rising and expectations building that the tightening cycle is largely done, for now at least. 

That combination forces an uncomfortable but necessary question. If banks have already rallied hard into a rising rate environment, can the good times realistically continue into 2026? To answer that, let’s take a closer look at three of this year’s better-performing bank stocks and see how each is setting up in January. 

Get GS alerts:

Citi Is Leaning Into Broader Momentum
Citigroup Today

C

Citigroup

$114.79 +1.96 (+1.74%)

As of 12/19/2025 03:59 PM Eastern

52-Week Range$55.51▼

$115.61Dividend Yield2.09%

P/E Ratio16.12

Price Target$114.50

Citigroup Inc NYSE: C has been one of the standout stories of the year. The stock is up nearly 60% year-to-date (YTD) and more than 14% over the past month alone, supported by a string of earnings beats and improving investor confidence.

For now, it looks like this uptrend is set to continue, with J.P. Morgan last week upgrading the stock to Overweight.

The team there flagged Citi’s ability to benefit disproportionately from a solid economic backdrop and strong markets-related activity, and sees it as being more favorably exposed to key trends.

They were also impressed by improvements in Citi’s restructuring efforts, which are finally showing through in the numbers.

J.P. Morgan's new price target of $124 implies upside of more than 10% from current levels. Even after a solid rally throughout the year, the bank is still viewed as having room to run into 2026. 

Goldman's Valuation Might Be Starting to Get Overheated
Goldman Sachs Group Inc NYSE: GS has also delivered an impressive year, with shares up about 52% YTD and roughly 13% since the back end of November. The stock began December with seven consecutive sessions of gains, underscoring the strong sentiment surrounding the name.

The Goldman Sachs Group Today

GS

The Goldman Sachs Group

$893.83 +17.53 (+2.00%)

As of 12/19/2025 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$439.38▼

$919.10Dividend Yield1.79%

P/E Ratio18.16

Price Target$792.67

Operationally, the performance has been hard to fault. Like Citi, Goldman has also consistently beaten earnings expectations throughout the year and benefited from improved capital markets activity and tighter cost discipline. That strength has rewarded shareholders handsomely, but it has also pushed valuation to more demanding levels.

Goldman’s P/E ratio is now at its highest point since 2018, which has prompted some analysts to strike a more cautious tone. Both Rothschild & Co and RBC reiterated Neutral or equivalent ratings last week, suggesting the stock is approaching fair value after its recent run.

That does not imply a bearish outlook, but it does suggest the easy money might already have been made, and the risk/reward profile isn’t as attractive as it once was.

Wells Fargo Could Be The Late Bloomer of The Group

Wells Fargo & Company Today

WFC

Wells Fargo & Company

$93.03 +1.55 (+1.69%)

As of 12/19/2025 03:59 PM Eastern

This is a fair market value price provided by Massive. Learn more.

52-Week Range$58.42▼

$94.26Dividend Yield1.93%

P/E Ratio15.30

Price Target$92.04

Wells Fargo & Co NYSE: WFC has taken a bumpier path this year. The stock is up about 31% YTD and more than 10% over the past month, managing to reach all-time highs despite a handful of headline earnings misses earlier in the first half of the year. 

That resilience has not gone unnoticed. The team at Evercore ISI recently reiterated its Outperform rating on Wells Fargo and raised its price target to $107, implying upside of more than 15% from current levels. 

Compared to Citigroup and Goldman Sachs, Wells Fargo has lagged considerably in 2025 as it works through regulatory constraints and operational clean-up.

But that underperformance is now starting to look like an opportunity. If those headwinds continue to ease into 2026, Wells Fargo arguably holds the most upside potential of the three bank stocks. 

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, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Freeport-McMoRan Inc. (NYSE: FCX) between February 15, 2022 and September 24, 2025, both dates inclusive (the "Class Period"), of the important January 12, 2026 lead plaintiff deadline in the securities class action first filed by the Firm.

So What: If you purchased Freeport-McMoRan securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than January 12, 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 has 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, defendants made false and/or misleading statements and/or failed to disclose that: (1) Freeport-McMoRan did not adequately ensure safety at the Grasberg Block Cave mine in Indonesia; (2) the lack of proper safety precautions constituted a heightened risk that could foreseeably lead to the death of Freeport's workers; (3) this constituted an undisclosed heightened risk of regulatory, litigation, and reputational risk; and (4) as a result, defendants' statements about Freeport-McMoRan's business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Freeport class action, go to https://rosenlegal.com/submit-form/?case_id=45553 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

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

SOURCE THE ROSEN LAW FIRM, P. A.

Netflix is on its way to becoming a full-blown entertainment business.

Right now, there is one name that's completely dominating the headlines in media and entertainment. Naturally, I'm talking about Netflix (NFLX +0.35%). Netflix is currently in the midst of a heated acquisition bid against Paramount Skydance Corporation for Warner Bros. Discovery's (WBD +0.58%) film and television studios.

While the proposed deal is yet to cross the finish line, I see this transaction as a potentially transformative move in Netflix's pursuit to evolve from a streaming pioneer into a full-blown media service.

Let's explore why Warner Bros. is so valuable in the eyes of Netflix and what could be in store over the next several years should the deal come to fruition.

Image source: Netflix.

Why does Netflix want to acquire Warner Bros.?
For years, Netflix primarily served as a distribution platform for other networks' content. However, over the last several years, a number of media outlets have launched their own streaming services in an effort to compete more directly with Netflix.

While Netflix still offers a variety of licensed shows and movies in its library, the company has shifted its focus on developing original content. So far, this pivot has proved to be quite profitable for Netflix. Exclusive series including Stranger Things, Wednesday, Bridgerton, and The Queen's Gambit were smash hits around the world.

The downside of creating original content is that it is both cost-intensive and time consuming. Moreover, a subtle risk is that even after opening up the pocketbook to bring on Hollywood's best talent, there's no guarantee the show or movie will be well received.

This is what makes Warner Bros. such a strategic asset for Netflix. Warner Bros. is home to beloved franchises, including DC Comics, Harry Potter, Looney Tunes, and HBO's premium cable series which feature Game of Thrones, Succession, The Sopranos, and much more.

With Warner Bros. tucked into its catalogue, Netflix instantly gains prestige intellectual property (IP) that is treasured by people across all age and gender demographics.

Image source: Getty Images.

What the next five years could look like for Netflix
Acquiring Warner Bros. comes with more value than a deeper content library. The IP ecosystem that comes with Warner Bros. opens up new doors for Netflix in the world of theme parks, toys and merchandise, gaming, and more.

In the long run, Netflix could leverage all of the new brands and characters it acquires from Warner Bros. to continue fleshing out its budding advertising business and immersive experience segment, Netflix House.

Today's Change

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Moreover, I think integrating Warner Bros. into Netflix's existing platform provides the company a direct path to acquire more customers without overspending on sales and marketing.

In addition, the various assets that come with Warner Bros. allow Netflix to create new pricing tiers and subscription bundles. From there, I think it's reasonable that Netflix could employ its pricing power and hike subscription costs for viewers with very little risk of substantial churn.

If Netflix is successful in its pursuit of acquiring Warner Bros., it is going to take quite some time before the deal looks accretive. Nevertheless, I think Netflix is on its way to transform its business model virtually on par with that of Disney over the next several years.

Is Netflix stock a buy?
In the table below, I benchmarked Netflix against a cohort of other streaming, media, and entertainment businesses on a price-to-sales (P/S) basis. As the analysis shows, Netflix trades at the highest premium in this peer set. What's even more telling is the disparity in valuation multiples between Netflix and other pure streamers like Roku or entertainment conglomerates like Disney.

NFLX PS Ratio data by YCharts.

The reason legacy media trades at such a discount is because their business models are increasingly vulnerable to linear TV decline and cyclical advertising dynamics. While entertainment businesses generally boast slightly higher multiples compared to legacy media, these companies rely heavily on live events with distribution caps.

Netflix, by contrast, has global distribution and recurring revenue -- two drivers that fuel outsized demand. For this reason, the market views Netflix as more of a tech-enabled platform akin to a software-as-a-service (SaaS) business but with the cultural profile of Hollywood.

Although Netflix stock is pricey relative to its peers, I think the premium is warranted. Taking this one step further, the gap between Netflix's valuation and that of Paramount is striking. To me, this could suggest that a marriage between Warner Bros. and Netflix is much more valuable than with Paramount Skydance.

Ultimately, I see Warner Bros. as a core pillar of Netflix's plan to become a trillion-dollar company over the next five years as it becomes much more than a streaming specialist. For these reasons, I see Netflix stock as a compelling buy-and-hold opportunity for investors with a long-run time horizon.

, /PRNewswire/ -- The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) informs investors that securities class action lawsuits have been filed against DexCom, Inc. ("DexCom") (NASDAQ: DXCM) on behalf of those who purchased or otherwise acquired DexCom securities between January 8, 2024, and September 17, 2025, inclusive (the "Class Period"). The lead plaintiff deadline is December 26, 2025.

CONTACT KESSLER TOPAZ MELTZER & CHECK, LLP:
If you suffered DexCom losses, contact KTMC at: https://www.ktmc.com/new-cases/dexcom-inc-1?utm_source=PR_Newswire&mktm=PR 

You can also contact attorney Jonathan Naji, Esq. by calling (484) 270-1453 or by email at [email protected]. 

DEFENDANTS' ALLEGED MISCONDUCT:
The complaints allege that, throughout the Class Period, Defendants made false and/or misleading statements and/or failed to disclose that: (1) DexCom had made material design changes to its G6 and G7 continuous glucose monitoring systems that were unauthorized by the FDA; (2) the foregoing design changes rendered the G6 and G7 less reliable than their prior iterations, presenting a material health risk to users relying on those devices for accurate glucose readings; (3) DexCom's purported enhancements to the G7, as well as the device's reliability, accuracy, and functionality, were overstated; (4) DexCom downplayed the true scope and severity of the issues and health risks posed by adulterated G7 devices; (5) all the foregoing subjected DexCom to an increased risk of heightened regulatory scrutiny and enforcement action, as well as significant legal, reputational, and financial harm; and (6) as a result, Defendants' public statements were materially false and/or misleading at all relevant times.

Please CLICK HERE to view our video or copy and paste this link into your browser: https://youtube.com/shorts/ToTm4-K0ODs?feature=share 

THE LEAD PLAINTIFF PROCESS:
DexCom investors may, no later than December 26, 2025, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. The lead plaintiff is usually the investor or small group of investors who have the largest financial interest and who are also adequate and typical of the proposed class of investors. The lead plaintiff selects counsel to represent the lead plaintiff and the class and these attorneys, if approved by the court, are lead or class counsel. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff.

Kessler Topaz Meltzer & Check, LLP encourages DexCom investors who have suffered significant losses to contact the firm directly to acquire more information.

SIGN UP FOR THE CASE AT: https://www.ktmc.com/new-cases/dexcom-inc-1?utm_source=PR_Newswire&mktm=PR 

ABOUT KESSLER TOPAZ MELTZER & CHECK, LLP:
Kessler Topaz Meltzer & Check, LLP (KTMC) is a leading U.S. plaintiff-side law firm focused on securities-fraud class actions and global investor protection. The firm represents individual investors as well as institutions, such as major pension funds, asset managers, and international investors. KTMC has led some of the largest recoveries in securities litigation and has been recognized by peers and the legal media with numerous accolades, including The National Law Journal's Plaintiff's Hot List and Trailblazers in Plaintiffs' Law, BTI Consulting Group's Honor Roll of Most Feared Law Firms, The Legal Intelligencer's Class Action Firm of the Year, Lawdragon's Leading Plaintiff Financial Lawyers, and Law360's Titans of the Plaintiffs Bar. The firm operates globally with offices in Pennsylvania and California. For more information about Kessler Topaz Meltzer & Check, LLP, please visit www.ktmc.com.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
Jonathan Naji, Esq.
(484) 270-1453
280 King of Prussia Road
Radnor, PA 19087
[email protected] 

May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes.

SOURCE Kessler Topaz Meltzer & Check, LLP

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.

This tech giant's early entry into the AI space has helped it build a substantial revenue backlog that could propel its shares higher in 2026.

Nvidia (NVDA +3.93%) briefly became the first company to cross a $5 trillion market cap just a couple of months ago, driven by the company's remarkable revenue and earnings growth on account of its dominance of the artificial intelligence (AI) chip market.

However, the share price of the chip giant has pulled back since then, even though it continues to maintain terrific growth despite its massive size. Concerns about the AI boom becoming a bubble and the sustainability of the heavy infrastructure spending that has driven Nvidia's phenomenal growth over the past three years have begun to weigh on the stock.

But there's another company -- Microsoft (MSFT +0.22%) -- that's making the most of the proliferation of AI. One analyst believes that this "Magnificent Seven" company could hit a $5 trillion market cap in 2026. Let's take a closer look at Microsoft's prospects and why it could hit the $5 trillion market cap milestone in the new year.

Image source: Getty Images.

AI is set to accelerate Microsoft's growth
There is no denying that Nvidia's chips have played a crucial role in the widespread adoption of AI technology. However, the computing power provided by its chips is eventually harnessed to create customer-facing solutions. For example, training OpenAI's ChatGPT wouldn't have been possible without Nvidia's chips, but the chatbot became popular because of what it was doing for users.

From helping users write emails to creating images to drafting documents and writing code, ChatGPT's versatility and productivity have been the key reasons behind its raging success. Not surprisingly, ChatGPT parent OpenAI points out that it now has more than 1 million paying enterprise customers, while more than 800 million users use ChatGPT every week.

Microsoft made a smart move in 2019 by investing in OpenAI. It still holds a 27% stake in OpenAI, a company reportedly worth $500 billion. However, more than the financial aspect, OpenAI provided Microsoft with access to large language models (LLMs) and applications, enabling it to build a wide portfolio of AI-powered tools and deploy them across its offerings.

From cloud computing to personal computing to productivity tools, Microsoft has infused AI across all of its business segments. The good part is that its AI tools are gaining traction among customers. For example, Microsoft management remarked on the company's October earnings conference call that Copilot, its chat-based AI assistant, is now being used by 90% of the Fortune 500 companies.

Even better, Microsoft says that a "large majority of our enterprise customers continue to come back to purchase more seats." Even coders and cybersecurity specialists are using Microsoft's Copilot to enhance productivity and improve the effectiveness of their tools. So, it won't be surprising to see Microsoft cornering a bigger share of the office productivity tools market in the long run, as compared to its current share of 30%.

On the other hand, the demand for Microsoft's Azure cloud infrastructure is outpacing supply. This explains why Microsoft intends to double its data center capacity over the next couple of years to support the rapidly growing demand from customers looking to build AI tools on its platform.

It is worth noting that Microsoft's commercial remaining performance obligations (RPO) stood at a massive $392 billion at the end of the previous quarter, up by 51% from the prior year. This metric refers to the total value of contracts yet to be fulfilled. The size of Microsoft's RPO is larger than the $294 billion revenue it recorded in the trailing 12 months. Additionally, its RPO grew at a faster pace than the 18% revenue jump Microsoft recorded last quarter, indicating that it is winning new business at a faster rate than it is fulfilling existing contracts.

As such, don't be surprised to see Microsoft's growth accelerating in 2026, putting the tech giant on track to attain a $5 trillion market cap.

Today's Change

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Here's how it can reach that milestone
Microsoft currently has a market cap of $3.6 trillion. So, it needs to appreciate by another 41% from current levels to reach the $5 trillion milestone. Analysts expect a 16% jump in Microsoft's revenue in the current fiscal year to $327 billion, followed by a 15% increase in the next one to $376 billion.

However, Microsoft's massive RPO and the pace of growth in this metric indicate that it could outpace those expectations. Assuming Microsoft's revenue grows by 20% in the next fiscal year to $392 billion (from this year's estimated revenue of $327 billion) and it trades at 13 times sales at that time, in line with its current price-to-sales ratio, its market cap will land at just over $5 trillion.

So, this AI stock seems poised to deliver healthy gains in the coming year, which is why investors may consider adding it to their buy list for the new year.

Story HighlightsPi Coin Live Price is  $ 0.21031752Banxa integrates with Pi, acquiring 10 million PI tokens post-KYB approval.Price prediction for 2025 targets $1.74, with potential highs of $2.0 and $3.0.Pi Network’s vision of mobile-based crypto mining attracted millions worldwide, making it a standout community-driven project. However, its lack of exchange listings, limited liquidity, and minimal real-world integration now challenge its sustainability. 

As the broader crypto landscape shifts toward utility-based projects and DeFi innovation, Pi Coin struggles to maintain relevance. As a reason, the PI price faced a seamless fall. While social and Google search curiosity still remains high, especially with growing searches like “1 Pi to INR” and “1 Pi to PKR,” the absence of strong fundamentals keeps Pi price recovery uncertain. 

This is leaving investors questioning whether this once-hyped token can ever reclaim its lost glory. As a result, the current period aligns perfectly with the current year’s calendar to change soon, making people intrigued towards the PI price prediction for 2026-2030.

Pi Price TodayCryptocurrencyPiTokenPIPrice$0.2103 1.95% Market Cap$ 1,759,579,736.8924h Volume$ 19,117,701.8083Circulating Supply8,366,301,173.6456Total Supply100,000,000,000.00All-Time High$ 2.9816 on 26 February 2025All-Time Low$ 0.1585 on 10 October 2025Pi Coin Price Targets December 2025Since October, through November, and now into the majority of December, the price of PI has remained stagnant within a defined trading range. With only about 10 days left in the month, it appears that the entire cryptocurrency sector is poised to miss out on the anticipated “Santa Rally” this year. 

Currently, the PI price remains confined to this range, and while a small catalyst could potentially emerge, it’s likely that any upward momentum would only allow PI/USD to retest the resistance level at $0.2816, which marks the upper boundary of its current trading range.

However, given the current market sentiment, it seems far more probable that we will see December conclude with PI continuing to oscillate within this established range rather than breaking out significantly.

MonthPotential Low ($)Potential Average ($)Potential High ($)Pi Crypto Price Forecast December 2025$0.10$0.25$0.81Pi Network (PI) Price Analysis 2025The Pi Network has once again caught the market’s attention after an initial breakout earlier this year, where its price surged to $1.65 in Q2 2025 amid strong hype and expectations of major exchange listings. 

This early optimism, fueled by rumors of CEX listings and rising global adoption, briefly positioned Pi Coin as one of the most closely watched tokens in the cryptocurrency market. 

However, the excitement faded rapidly once these rumors proved false. From June onward, bearish sentiment took control, sending the token into a steep decline – first to $0.40, then to $0.344 in August, $0.1851 in September, and finally to a new low of $0.1529 in October. 

Retail investors are losing confidence, and institutional participation is nearly nonexistent. Pi’s momentum seemed like a vanished project. The investor community reflects this poor performance, with social sentiment for the PI crypto trending negatively. As a result of sustained losses, a “domino effect” of profit-taking was observed, with many investors exiting positions on any minor gains.

Yet, despite the fall, global search interest still continues to rise as users cling to hopes of recovery, anda few developments occurred final quarter of the year that have stopped PI/USD making further lows and started consolidating in a range of $0.19 to $0.28, where a faint rally was witnessed that tested the upper border of this range by late november, which wasn’t strong enough to breakthrough and collapsed again in december and aimed to test lower border of this range.

PI Price Prediction 2026: Potential Scenarios for a ReversalPi’s price is firmly positioned within its current consolidation range of $0.19-$0.28, but PI Price prediction 2026 indicates a strong potential for a turnaround ahead.

Despite the challenges faced in December 2025, where the bear market suppressed the momentum across the entire crypto sector, we’ve observed that no altcoin has managed to stage a rally as anticipated. This was largely due to a lack of liquidity, with new investors still remaining cautious following the significant market downturn on October 10, 2025, which has understandably left many feeling apprehensive about the power of the bears.

However, the outlook as we approach the new year is optimistic. Confidence is building for Q1 2026, and many anticipate a substantial rally to manifest during this period. Current trends suggest that the Pi price could even surge past the 200-day EMA band, which is now around $0.4102. 

YearPotential Low ($)Potential Average ($)Potential High ($)2026$0.85$2.25$3.502027$1.25$3.25$5.252028$2.00$5.50$8.502029$3.50$8.50$13.752030$5.50$13.75$22.00Pi Crypto Price Forecast 2026The Pi crypto prediction for the year 2026 could range between $0.85 to $3.50. Considering the buying and selling pressure, the average price could be around $2.25 for that year.

Pi Coin Price Prediction 2027During 2027, the Pi network value could reach a maximum trading value of $5.25 with a potential low of $1.25. Evaluating the market sentiments, the average price of this altcoin could settle at around $3.25.

Pi Token Price Projection 2028By 2028, the value of a single Pi coin price could reach a maximum of $8.50 with a potential low of $2.00. With this, the average price could land at around the $5.50 mark.

Pi Network Price Analysis 2029Looking forward to 2029, the Pi coin Price may range between $3.50 and $13.75, and a potential average value of around $8.50.

Pi Network Price Prediction 2030As per our Pi Coin Price Prediction 2030, the Pi coin value in 2030 could reach a high of $22.00. However, the viral altcoin could record a low of $5.50 and an average price of $13.75, if the crypto market turns bearish.

Considering stacking more ETH tokens before the altcoin season begins? Read CoinPedia’s Ethereum price prediction 2025, 2026 – 2030!

Market AnalysisFirm Name202520262030CoinCodex$ 2.08$ 1.48$ 2.63priceprediction.net$1.08$1.61$6.74DigitalCoinPrice$107.98$125.57$265.95*The aforementioned targets are the average targets set by the respective firms.

Coinpedia’s PI Coin Price PredictionIn 2025, a large accumulation is observed with some important integrations in its ecosystem, and there are more developments too, to join in the following year, which paints the picture green mostly for the  Pi Network.

It is expected to see significant price action, with a target of $1.74 as a key resistance level. If bullish momentum continues, the price could potentially reach $2.0 and $3.0.

ConclusionThe Pi Network’s recent developments—from major token accumulation and Banxa integration to Binance listing rumors—are clear indicators that Pi is no longer just a test project. As market conditions turn favorable and institutional interest grows, Pi Coin is entering a new phase of maturity.

Never Miss a Beat in the Crypto World!Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

FAQsHow to sell Pi Coin?

Complete KYC in the Pi Network app, then migrate your Pi to the Mainnet, and use a supported exchange like OKX, MEXC, Gate.io, or Flitpay, deposit your Pi and sell it for cryptos or FIAT.

What is Pi coin value in USD?

The Pi coin today is changing hands at $0.5607.

Is Pi coin a good investment?

If the bullish sentiment sustains, the PI value could reach as high as $2.1007 this year.

How much is 1 Pi in rupees?

The value of 1 Pi coin in rupees is INR ₹48.37

When will Pi coin launch on Binance?

Currently, there is no clarity on the launch of Pi coin on Binance.

What could be the Pi coin price in India in 2030?

The Pi network price in India in 2030 could be a maximum of $22.00.

Where to buy Pi coin?

Pi Coin is listed on 12 exchanges, including OKX, Bitget, MEXC, Gate.io, HTX, CoinEx, BitMart, LBank, DigiFinex, CoinW, GCB Exchange, and Pionex.

Fundstrat’s private client notes project Bitcoin falling to $60,000-$65,000 in early 2026.
Tom Lee publicly forecasts Bitcoin reaching new all-time highs by January 2026.

Investment research firm Fundstrat has muddled up the crypto market with contradictory predictions about the Bitcoin price. While their internal advisor for clients is coming from a different outlook than the public statements made by Tom Lee, his comments still remain very upbeat regarding prices hitting record levels by January 2026.

On the contrary, Fundstrat has produced numerous reports and historical data officially showing an anticipated large correction in crypto prices that will likely happen around early 2026 and is advising clients to brace themselves now for this inevitable drop in value.

Private Warnings Clash With Public Optimism
Confidential client notes from Fundstrat suggest that Bitcoin may rebound to a range of $60,000 to $65,000 during the first half of next year. In a statement, the company describes the possible pullback as a “tactical adjustment” rather than a “turning point” for the ongoing bull market cycle.

According to the research team, a series of macroeconomic challenges could progressively weigh on crypto prices over the next few months. They give a list of factors causing the pessimistic forecast, which includes tighter financial conditions, increasing policy uncertainties, and decreasing risk appetite among investors. These factors are presented as the main reasons behind the negative view.

Ethereum’s forecasted loss is much steeper than that of Bitcoin. Fundstrat analysts estimate that the price for Ethereum will be between $1,800-$2,000 when the market correction occurs. Solana may experience one of the largest percentage losses, potentially falling to a price between $50-$75 per SOL token.

While maintaining a cautious short-term outlook, Fundstrat retains a constructive long-term outlook on digital assets amid the suspected volatility period. Fundstrat encourages disciplined investors to see current lower price levels as an opportunity for buying ahead of an anticipated recovery (accumulation).

Historic patterns, as shown by Fundstrat, have indicated that large fluctuations in price tend to precede major upward price movements in the Cryptocurrency Market. Once prices have stabilised within target ranges projected by Fundstrat, the Cryptocurrency Market should be poised for a recovery.

This divergence between public optimism and private caution has sparked debate among cryptocurrency traders and investors. Many within the market have begun questioning what is the rationale in providing differing narratives to the public than to private clients during these uncertain times.

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Shubham Sahu is a crypto journalist and writer with extensive experience covering blockchain technology, digital currencies, and AI. With over seven years in financial markets, Shubham began his journey in traditional trading before uncovering his passion for the crypto verse. After making his first crypto investment in 2021, Shubham combines practical market experience with deep technical knowledge to provide insightful analysis and commentary.

Fidelity's Jurrien Timmer: Expect lame 2026 as four-year bitcoin cycle appears intactThe director of global macro at the asset management giant remains a secular bull on bitcoin, but isn't optimistic about the next year. Dec 20, 2025, 3:00 p.m.

It's become fashionable of late to dismiss bitcoin's BTC$88,161.34 four-year cycle — and the inevitable boom and bust it brings — as an anachronism.

Just in the past week, Bitwise's Matt Hougan and ARK Invest's Cathie Wood have thrown their considerable weight behind the idea of dismissing the four-year cycle. Each noted the ETFs along with regulatory and institutional acceptance that have blended bitcoin into the traditional financial system. Bitcoin is no longer a fringe asset and there's no reason for it to follow the same pattern today as it did years ago.

STORY CONTINUES BELOW

Defining the cycleThe four-year cycle is a price pattern linked to bitcoin's halving events, which occur roughly every four years. These halvings reduce by 50% the amount of bitcoin rewarded for mining one block. The 50% cut is thought to lead to a supply shock and forcing a major run higher in price.

Following the big bull move comes a crash in the 80% area and then a steady grind higher into the next halving event.

Chart squigglers like to point to the bull runs (and subsequent crashes) that occurred following the 2012, 2016, 2020 halvings, and say things are playing out the same for the 2024 event: the sharp run higher which eventually topped out in October 2025 above $125,000, and then the bear market — which is where the market finds itself now.

Fidelity's Timmer weighs inAn early believer in bitcoin among the traditional finance crowd, Jurrien Timmer, asset management giant Fidelity's director of global macro, isn't seeing anything in his charts that says the four-year cycle is dead.

"If we visually line up all the bull markets, we can see that the October high of $125,000 after 145 [weeks] of rallying fits pretty well with what one might expect," Timmer said earlier this week.

As for what's next, that would be winter. Timmer noted that the subsequent bear markets tend to last about one year. "My sense is that 2026 could be a “year off” (or 'off year') for bitcoin." Support, he concluded, is in the $65,000-$75,000 range.

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Posted: December 20, 2025

The competition between L1s has never been this tight.

As blockchain adoption grows, L1s are upgrading their infrastructure to attract more real-world use cases. In 2025, the pace of back-to-back upgrades has accelerated, pushing mainstream adoption even further.

Notably, Solana and Ethereum remain at the center of this rivalry. Over the years, both L1s have gone head-to-head.

However, it looks like Solana [SOL] might finally be living up to its “Ethereum-killer” narrative.

Solana set to overtake Ethereum in annual revenue
Over time, L1s have seriously widened their playbook.

In other words, each chain is branching into new sectors. Take the RWA (Real World Asset) space, which is a standout.

According to RWA.xyz, it has added around $14 billion in value this year alone, up 240% in 2025.

From a revenue perspective, that’s a big deal as network activity ramps up. Notably, Solana seems to be leaning into this strategy, putting it on track to surpass Ethereum [ETH] for the first time with $1.4 billion in Annual Revenue.

Source: DeFi Development Corp.

Naturally, it shows Solana’s on-chain usage is firing. 

According to the chart above, Solana’s revenue has jumped from a measly $28 million in 2021 to $2.5 billion YTD in 2025, while Ethereum has slid from $5 billion+ peaks to $1.4 billion. But is this reflected on-chain?

Looking at RWA growth, it’s clear: Solana’s up 372%, Ethereum 198%.

Technically, that’s 2× more RWA capital flowing into Solana, which lines up with its growing revenue lead. In short, SOL’s scalability is proving its edge.

Solana’s surge shakes up the SOL/ETH balance
No doubt, SOL’s on-chain dominance hasn’t yet translated into price action.

From a technical perspective, the SOL/ETH ratio has experienced a fully bearish 2025, erasing all of the 27% rally it posted in 2024. Consequently, this has left Solana relatively weaker in terms of holding support.

However, when we zoom in, a notable divergence shows up.

Despite the overall drawdown, the SOL/ETH ratio still managed to post a higher high on the 12-month candle, reaching as high as 0.93 in mid-January.

Source: TradingView (SOL/ETH)

In plain terms, Solana has shown pockets of relative strength this year.

From an investor’s perspective, that could be enough to keep SOL in the race to compete with (or even overtake) ETH in the next rally, with the SOL/ETH ratio chopping sideways around 0.042 on the weekly.

Add in Solana’s growing dominance, and its revenue lead becomes no fluke.

At this pace, it seems like only a matter of time before this resilience starts showing in price, making SOL one to watch heading into 2026.

Final Thoughts

Solana’s on-chain growth is driving a revenue surge, putting it on track to surpass Ethereum for the first time.
Despite a bearish SOL/ETH price ratio in 2025, Solana shows pockets of strength, suggesting its on-chain dominance could soon translate into price action.

Ritika Gupta is a Financial Journalist and Geopolitical Analyst at AMBCrypto, specializing in the critical intersection of world politics, economic policy, and the cryptocurrency markets. Her analysis is informed by her distinguished background, which includes professional experience at major news network.
She holds a Bachelor's degree in Political Science and Psychology from Gargi College, University of Delhi. This academic training provides her with a sophisticated framework for dissecting complex issues such as international regulations, government fiscal policies, and the geopolitical forces that directly influence asset valuations.
At AMBCrypto, Ritika applies this expert lens to synthesize macroeconomic data and political developments, offering readers a deeper context for market movements. She excels at explaining not just what is happening in the market, but why it is happening. Her work is dedicated to providing strategic insights that empower readers to understand the complex relationship between global events and their digital assets.

Sat, 20/12/2025 - 15:09

Cardano is advancing beyond a single‑chain paradigm, with plans now hinting at a future of interchains.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Cardano is moving beyond a single‑chain paradigm. At the center of this vision are interchains, which connect Cardano to a multi-chain future.

This is important as the Cardano Vision research program, a five-year strategic agenda, coordinates 34 long-term research streams across nine thematic areas, including interchains.

As blockchain ecosystems mature and diversify, the ability to transfer assets, data and computation across chains without compromising security has become essential, hence the need for interchains.

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Cardano is moving beyond a single‑chain paradigm.

Trustless BTC bridges, partner chains, privacy services, new economic models, the latest R&D Session shows how #Cardano is positioning itself at the center of a multi‑chain internet of blockchains.

➡️ Catch the full breakdown:…

— Input Output Group (@IOGroup) December 19, 2025 Interchains are anticipated to shift Cardano beyond a single-network paradigm, laying the groundwork for a blockchain ecosystem where assets can move freely, applications can consume data and functionality from multiple networks and partner chains can extend Cardano’s capabilities without diluting its security model. If Ouroboros defines how Cardano reaches consensus, interoperability defines where that consensus connects.

Fergie Miller, director of research partnerships at IOG, while explaining Cardano's interchain approach noted that the value of blockchain technology does not lie in isolated networks, but in an interconnected fabric of sovereign systems that can share liquidity, identity and computation.

Cardinal, partner chains unlock Cardano multichain strategyCardinal, a trust-minimized bridge connecting Bitcoin and Cardano, represents a significant step toward enabling Bitcoin’s vast liquidity to be used securely within Cardano’s DeFi environment.

This model enables Bitcoin to be used within Cardano’s extended UTXO (EUTXO) architecture.

Partner chains provide a framework for launching purpose-built chains that interact natively with Cardano and each other. Partner chains do not require bespoke bridges, and they inherit security and benefit from shared liquidity. They include privacy, identity or specialized computation without duplicating infrastructure.

In separate news, following an announcement that welcomed Pyth to Cardano, the Critical Integrations program is bringing Dune analytics to the ecosystem, making Cardano’s on-chain activity legible in the same data environment used by the rest of the industry.

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Home Altcoins News Arthur Hayes Transfers $1.5 Million Worth of Ethereum to Galaxy Digital

Arthur Hayes Transfers $1.5 Million Worth of Ethereum to Galaxy Digital

Sakamoto Nashi

December 20, 2025

Arthur Hayes, the former CEO of the cryptocurrency exchange BitMEX, has transferred 508.647 Ether, valued at approximately $1.5 million, to Galaxy Digital. This transaction occurred amid ongoing market fluctuations, sparking discussions around whether Hayes might be reducing his cryptocurrency holdings. The transfer is noteworthy as it comes shortly after Hayes expressed strong optimism regarding Ethereum’s institutional prospects.

Blockchain data indicates that the Ether moved from a wallet associated with Hayes to a deposit address at Galaxy Digital, a well-known financial services firm specializing in digital assets. Although such transfers don’t necessarily mean an immediate sale, they are often linked to actions like providing liquidity or executing over-the-counter trades. This transaction took place as Ethereum’s price hovered near the $3,000 mark, a significant psychological threshold, amidst a turbulent December characterized by ETF outflows and shifts in derivatives positions.

Despite this transfer, Hayes retains a substantial amount, over 4,500 ETH, suggesting that any sell-off would be more about rebalancing his portfolio rather than a wholesale liquidation of assets. This aligns with his recent comments, where he shared a bullish outlook on Ethereum’s role in the future of institutional finance. Hayes has argued that large financial institutions are recognizing the limitations of private blockchains, emphasizing the necessity of public blockchains like Ethereum for genuine security and utility. He asserted that stablecoins are crucial for making Ethereum comprehensible and usable within traditional finance sectors.

Hayes has projected that major banks will increasingly adopt public blockchain technologies, specifically Ethereum, for building Web3 infrastructures, rather than relying on proprietary ledger systems. Despite acknowledging that privacy concerns remain a barrier to widespread institutional adoption, he believes these issues will be addressed through advancements in applications or Layer-2 solutions, with Ethereum serving as the foundational security layer. “They might build an L2 with some privacy features… but the core security layer remains Ethereum,” he stated.

Currently, Ethereum faces mixed market conditions, struggling to consistently break through the $3,000 level. This is happening as spot ETH ETFs have seen considerable outflows in mid-December, and the implied volatility in derivatives markets has decreased, indicating a market atmosphere of caution rather than alarm. On the protocol side, there is a migration of activity towards rollups, which helps maintain lower transaction costs but also limits the ability to capture fees on Ethereum’s primary network.

Hayes has maintained a pragmatic stance regarding Ethereum’s valuation, suggesting a long-term price target rather than predicting a spike in the near term. “If ETH reaches $20,000, that’ll be around 50 Ethereum to make a million… possibly by the end of the cycle, by the next presidential election,” he mentioned. His recent blockchain activities reflect a strategic repositioning rather than a fundamental shift in belief. Hayes remains confident that Ethereum will thrive as stablecoins and institutional finance scale on-chain. The broader market, however, may still be waiting for this narrative to fully unfold.

As for the future, industry observers will be watching closely to see how this transaction aligns with Hayes’ publicly stated views and how it might influence the market’s perception of Ethereum’s stability and growth potential. Regulatory scrutiny and competition from other blockchain platforms also remain factors that could impact Ethereum’s trajectory. Moving forward, the market will monitor whether institutional interest in Ethereum translates into tangible investments, especially as financial regulations and technological advancements evolve.

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The XRP ETF green streak continues, while the rest are seeing mostly outflows.

It has been well over a month since the first spot XRP ETF hit Wall Street on November 13 with a record-breaking trading volume of almost $60 million.

With four more such financial vehicles launching since then, demand for them has slowed over time, but it remains higher than for essentially all other spot crypto ETFs.

XRP ETFs Streak Goes On
Recall that Canary Capital’s XRPC went live for trading on US soil on November 13 and, aside from the aforementioned trading volume record, it attracted daily net inflows of over $240 million. Since then, Grayscale’s GXRP, Bitwise’s XRP, Franklin Templeton’s XRPZ, and most recently, 21Shares’ TOXR, followed suit.

Twenty-five trading days have passed since then, and not a single one has seen net outflows from the five funds tracking the performance of Ripple’s cross-border token. The total net inflows have skyrocketed to $1.070 billion as of Friday’s close, according to data from SoSoValue. In the past week alone, the five funds gained $82.04 million.

XRPC remains the largest of the bunch, with $384 million in cumulative net inflows, followed by GXRP, XRP, and XRPZ, with TOXR far behind at just $23.05 million.

Better Than BTC, SOL, ETH Funds
It’s worth noting that daily net inflows into spot XRP ETFs have declined over the past couple of weeks. However, they are still better than the average weekly performances of their Bitcoin, Ethereum, and Solana counterparts.

For example, the spot BTC ETFs had only one positive day in the past week, ending with a new outflow of almost $500 million. The spot ETH ETFs haven’t seen a green day since December 10. In the past week alone, they lost nearly $650 million.

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The Solana funds are the only ones whose streak is comparable to the XRP products. They have been in the green for 12 consecutive days. However, even though their week saw only net inflows, the figure is still lower than Ripple’s ($66.56 million).

So, what makes the XRP ETFs more attractive to investors now? Is it just that they are the newest on Wall Street, and new is always better, as Barney Stinson used to say?

It might be that, but then again, the spot Dogecoin ETFs are also very new, yet they have gained just $2 million worth of inflows. So, the answer might lie in what the entity behind XRP has been doing lately. Ripple has had a massive 2025, perhaps its best year to date, with multiple impressive partnerships, licenses, and acquisitions, and it also concluded the SEC lawsuit several months ago.

The most recent included USOCC’s conditional approval for the launch of a Ripple National Bank Trust, as well as a joint collaboration with the Swiss-based financial organization AMINA Bank.

Tags:

In brief
Publicly traded companies are now racing to accumulate Ethereum.
Firms with strategic ETH reserves now account for more than 5% of the entire ETH supply.
The top holders include BitMine Immersion Technologies, SharpLink Gaming, and Coinbase.
The trend of publicly traded companies adopting crypto treasury strategies may have started with Bitcoin, but it has since expanded to a wide variety of digital assets—including the second-largest crypto asset by market cap, Ethereum. 

Now the race to accumulate ETH is on, led by key figures like Fundstrat’s Tom Lee and Ethereum co-founder Joe Lubin, who are championing public firms as they rally around Ethereum and its future. 

Per StrategicETHReserve.xyz, public entities with Ethereum treasuries maintain more than 6.7 million ETH valued at $20 billion, as of this writing, and more than 5.5% of the entire supply. These are the biggest holders as of this writing.

1. BitMine Immersion TechnologiesLed by crypto bull and Fundstrat CIO Tom Lee, BitMine Immersion Technologies burst onto the scene at the end of July when the firm detailed plans for an Ethereum treasury. 

Formerly focused on Bitcoin mining, BitMine (BMNR) first secured a $250 million private investment in public equity (PIPE) fundraising round to begin its ETH purchases. 

Since that time, it hasn’t looked back, acquiring 3,967,210 ETH, worth around $11.8 billion worth as of this writing. The pile has grown so large at BitMine that the firm now ranks as the second-largest crypto treasury of any kind, trailing only Bitcoin behemoth Strategy (formerly MicroStrategy) with its $59 billion stash.

The aggressive buying spree has coincided with Lee’s seemingly unfathomable ETH price predictions, which include calls for $60,000 ETH. That’s a sizable multiple of the current price.

After planning a raise of $4.5 billion to accumulate the asset, Lee and company upsized their offering by $20 billion in August as BitMine aims to expand its already industry-leading Ethereum treasury. The firm is squarely focused on accumulating 5% of the circulating ETH supply—it holds around 3.2% at present time.

2. SharpLink GamingGambling marketer turned Ethereum treasury company SharpLink Gaming holds the second-largest publicly traded ETH treasury. 

The firm maintains 863,424 ETH or $2.55 billion—around 86% of the way to its first stated goal of accumulating 1 million ETH.

While SharpLink’s existing business did not have immediate ties to crypto, it brought on direct ties to Ethereum when it shaped its board of directors. The firm’s chairman Joe Lubin is the co-founder of Ethereum itself, and founder and CEO of Ethereum software company, Consensys, the maker of popular crypto wallet, MetaMask.

(Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt)

Lubin and company have followed BitMine in a relentless pursuit of Ethereum, raising funds in a variety of ways including a recent $400 million direct offering, plus plans to collect up to $6 billion via stock sales. 

In July, the firm added BlackRock’s former head of digital asset strategy Joseph Chalom as its newly appointed CEO. Later, it approved a $1.5 billion share buyback for instances in which the firm’s market cap traded at a discount to its net asset value. By mid-September, it had bought back around $32 million worth of SBET.

In October it announced it would put $200 million worth of ETH into DeFi protocols on Consensys-incubated layer-2 scaling network, Linea. The firm also sits on the Linea Consortium, a group of firms that help drive adoption and distribute tokens from the network’s ecosystem fund.

3. The Ether MachineThere’s no questioning the business of The Ether Machine, a firm that will be made public via a merger of The Ether Reserve, LLC and blank-check company Dynamix.

The third-largest treasury on the list, The Ether Machine currently holds 496,735 ETH, or $1.47 billion at today’s ETH prices.

Funded with startup capital and approximately 170,000 ETH from co-founder and chairman Andrew Keys, the Ether Machine stated a mandate to put its ETH to work on-chain or create a “machine” to grow its stash, differentiating it from more passive accumulation vehicles. 

On August 27, Dynamix moved on from its original DYNX ticker to ETHM in public markets. The Ether Machine said on September 16 that it filed an S-4 with the SEC for approval to complete the merger.

It announced its first major staking revenue in October, generating around 1,350 ETH or $5.5 million to advance its treasury. In November, Keys reiterated the firm’s mission to maximize ETH generation per share, adding that the pullback in ETH prices provides “healthier entry levels aligned with long-term value creation.

4. Bit DigitalBitcoin miner Bit Digital formed an Ethereum treasury strategy during Q2 2025. In just a few short months, it’s quickly added to its stash, jumping from 30,663 ETH at the end of June to 154,398 ETH as of November 30—now valued at around $458 million.

As part of its transition, the firm is ending its Bitcoin mining operations and redeploying funds towards ETH accumulation. While the strategy briefly resulted in share price gains, BTBT was recently trading at $2.23—a nearly 24% decline year-to-date. 

The firm is currently staking around 90% of its ETH and has earned around 328 ETH or $975,000 in staking rewards to date.

5. CoinbaseLeading American crypto exchange Coinbase maintains an investment of around $442 million or 148,715 ETH based on its latest 10-Q filing. That is more than 30,000 ETH greater than it ended 2024 with, when it held 115,700 ETH based on an end of year 10-K filing.

The firm also holds more than 14,000 Bitcoin as an investment, placing it among the top publicly traded holders of the largest crypto asset, as well.

First hitting the public markets in 2021, shares in Coinbase made a new all-time high in July 2025 as crypto firms continued a streak of success alongside traditional equities. 

6. ETHZillaBiotech firm 180 Life Sciences rebranded its company to ETHZilla, as it shifted focus to a digital assets treasury centered on Ethereum. 

The firm raised $425 million in late July to kickstart its treasury and quickly jumped up the holder rankings. A few weeks later, shares in ETHZilla quickly tripled after it was revealed that billionaire tech investor Peter Thiel and related entities had purchased a 7.5% stake in the company.

The firm made headlines in October when it sold ETH and bought back around $40 million in shares of ETHZ as a way to benefit shareholders. Prior to the move, the company had announced plans to buy back up to $250 million worth of stock. 

It also announced it would undergo a 1-10 reverse stock split and begin to share more frequent updates on its treasury operations to satisfy shareholder feedback.

ETHZilla now holds about 93,790 ETH, or $279 million worth. As for its unique name? Chairman of the board McAndrew Rudisil told Decrypt in July that it “comes from our focus to be one of the largest holders of ETH in the world.”

7. BTCS Inc.Blockchain Technology Consensus Solutions (BTCS) holds 70,322 ETH, worth around $209 million.

The firm boasts a proactive strategy to acquire more Ethereum, putting its ETH to work on-chain using what is described as a “powerful DeFi/TradFi financial model” to generate value for shareholders. 

In addition to acquiring ETH, the firm also bolstered its treasury with three Ethereum-based Pudgy Penguins NFTs in August.

Differentiating itself from other treasury firms, BTCS is paying shareholders a “Bividend,” paying $0.05 per share in Ethereum to shareholders. An additional bonus of $0.35 per share is available to those who transfer their shares to the firm’s transfer agent and hold them there until January 26, 2026.

Editor's note: This story was originally published on August 17, 2025 and last updated with new details on December 20.

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Key Points:

Tether recruits a Chief Software Engineer for AI wallet project.Focuses on WDK and QVAC integration.Potential impact on Bitcoin and stablecoin markets.
Tether’s CEO Paolo Ardoino announced the hiring of a Chief Software Engineer for a mobile cryptocurrency and AI-driven wallet, using WDK and QVAC, on December 20 via social media.

This highlights Tether’s expansion into AI and crypto integration, influencing the cryptocurrency market by leveraging blockchain technology and decentralized platforms for wallet solutions.

Tether Expands AI Efforts with New Wallet Engineer Role
Tether is actively seeking a new Chief Software Engineer to lead the development of its AI-driven mobile wallet. The wallet will utilize Tether’s open-source Wallet Development Kit (WDK) and the QVAC AI platform. The announcement, made by CEO Paolo Ardoino on social media, underscores Tether’s commitment to integrating AI technology with cryptocurrency management.

The anticipated wallet aims to enhance user control over digital assets, leveraging AI for personalized management features. It follows Tether’s existing collaborations on AI-driven projects and marks another step in its technological evolution.

Paolo Ardoino, CEO of Tether, stated, “I want my AI agent to have a non-custodial wallet, so I can grant him some money. The money is kept by the AI agent and the AI agent will work for me. Will not work under the rules and conditions of someone else.”Market observers and industry insiders are assessing the potential implications of Tether’s new wallet project. The initiative links to broader cryptocurrency trends, specifically related to spikes in Bitcoin mining and stablecoin integration, but initial market reactions remain cautious.

Bitcoin’s Market Shifts Amid Tether’s AI Wallet Ambitions
Did you know? Tether’s move to incorporate AI in its wallet systems could significantly shape future digital asset management, offering personalized financial tools empowered by machine learning.

Bitcoin (BTC), currently priced at $88,121.89, maintains a market dominance of 58.99% and a market cap of 1.76 trillion. A 1.92% rise in the past 24 hours reflects shifting investor confidence despite a 23.80% decline over 90 days, reported by CoinMarketCap.

Bitcoin(BTC), daily chart, screenshot on CoinMarketCap at 15:43 UTC on December 20, 2025. Source: CoinMarketCap

Experts from the Coincu research team highlight that Tether’s strategic inclusion of AI positions it to tackle complex regulatory challenges, fostering innovation while preparing for future regulatory landscapes. This move aligns with historical trajectories in digital financial technologies.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Bulls are trying to control the situation on the market, however, some coins have returned to the red zone, according to CoinStats.

SHIB chart by CoinStatsSHIB/USDThe price of SHIB has fallen by 1% since yesterday.

Image by TradingViewOn the hourly chart, the rate of SHIB is neutral as it is in the middle of the local channel. As neither bulls nor bears are dominating, traders are unlikely to see sharp moves by tomorrow.

Image by TradingViewOn the bigger time frame, it is too early to think about a fast bounce back as SHIB has not accumulated enough energy so far.

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If the daily bar closes around the current prices, sideways trading in the range of $0.00000720-$0.00000760 is the more likely scenario.

Image by TradingViewFrom the midterm point of view, there are no reversal signals so far. If a breakout of the support of $0.00000678 happens, the decline may continue to the $0.0000050-$0.0000060 area.

SHIB is trading at $0.00000743 at press time.

Market commentator and popular media personality Jim Cramer may be advocating for Bitcoin (CRYPTO: BTC) these days, but not long ago, he completely wrote off cryptocurrency as an investment.

When Cramer Sold All His CryptoThe stunning collapse of the FTX exchange during the fall of 2022 triggered a “Crypto Winter,” dragging Bitcoin to a low of $16,000. The exchange’s bankruptcy and subsequent arrest of Sam Bankman-Fried rocked the market, just a year after it had celebrated new highs.

In this backdrop, Cramer appeared on CNBC on Dec. 23, stating that the faith of the American people has been shaken.

“I sold all my crypto. I announced everything on TV, what I did with crypto,” the “Mad Money” host said. “I wouldn’t touch crypto in a million years.”

Cramer Questions ‘Blind Faith’Cramer also took a dig at those who put their coins on unregulated trading platforms.

“If you have your money in any of those, look, I’m not calling you an idiot. I’m just saying you’re using a lot of blind faith,” he said.

See Also: Jim Cramer On Lumen Technologies: Be Careful, It Has ‘Run Too Much’

‘Inverse Cramer Theory’ At Play?Bitcoin traded at $16,796 when Cramer made these remarks.

Fast forward three years, and the apex cryptocurrency is worth $86,805 apiece, marking a whopping return of 416%. So, if you adopted the "Inverse Cramer" strategy, you’d be laughing all the way to the bank today.

Note that there has been no definitive proof of this being a profitable strategy. So DYOR.

CryptocurrencyPrice (Recorded on Dec. 23, 2022)Price (Recorded at 11:45 p.m. ET)Gains +/-Bitcoin$16,796.95

$86,805.90+416.79%The Past And The PresentIt's worth pointing out that while Bitcoin has thrived in a broader three-year timeframe, its fortunes have declined more recently.

The apex cryptocurrency has wiped out all of its 2025 gains in the ongoing slump, and currently trades 31% below its all-time highs.

Meanwhile, Cramer sounds more like a Bitcoin fan today. Last week, he said that he just wants Bitcoin, not any derivative or Bitcoin treasury companies.

Earlier in the year, he advocated for Bitcoin as a hedge against the escalating U.S. national debt, stating that he was buying a lot himself.

Photo courtesy: katz / Shutterstock.com

Read Next: 

Jim Cramer: Sell This Major Energy Stock, Go With This Canadian Mining Company
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Bitcoin's latest market phase looks less like a pause and more like a pivot, as Cryptoquant researchers say onchain demand exhaustion is now signaling the early stages of a bear market, according to a new analysis.

Active Currencies 19110

Market Cap $3,073,160,878,096.20

Bitcoin Share 57.24%

24h Market Cap Change $0.43

AMBCrypto

Bitcoin – Assessing why BTC LTH selling fears may be overblown

Journalist

Posted: December 20, 2025

At first glance, the data looked worrying. The numbers showed long-term holders (LTHs) selling Bitcoin [BTC] heavily, with worries about whether BTC was starting to crack.

But a closer look tells you more.

Analysts now say the spike was distorted, which means the narrative around Bitcoin’s latest moves may be far less dramatic than perceived.

A narrative that’s falling apart
Claims that Bitcoin’s LTHs are dumping coins have been overstated.

A recent post by analyst Darkfost on X said that the spike in selling pressure was largely the result of a technical distortion.

In late November, Coinbase moved nearly 800,000 BTC, destroying old long-term holder UTXOs and creating new ones when Bitcoin traded around $85,000.

Samyukhtha L KM is a Financial Journalist and Market Analyst at AMBCrypto whose work is defined by one central question: Is the latest trend in blockchain hype, or history in the making?
Her expertise is built on a strong academic foundation, with a Master’s in Journalism and Mass Communication from Amity University and a Bachelor’s in Commerce from the University of Madras. This dual qualification equips her with a unique skill set: the financial acumen to dissect market mechanics and the journalistic rigor to investigate and communicate complex subjects with clarity.
Samyukhtha specializes in analyzing the socio-economic impact of blockchain adoption and assessing the viability of new market narratives. This includes a focus on high-velocity, community-driven assets such as memecoins, where she evaluates sentiment and fundamentals. She is dedicated to providing readers with insightful, well-researched commentary that looks beyond immediate market moves to understand the long-term implications of decentralized technology.

A sharp rebound brought this AI cloud infrastructure company back into the green.

Nebius Group (NBIS +14.73%) shareholders had a rollercoaster week. Shares were down as much as almost 15% before sharply rebounding to end the week. The volatility came as investors considered whether AI cloud infrastructure companies like Nebius would fully realize revenue currently in its contract backlog.

Nebius stock closed the week 2% above last Friday's close, according to data provided by S&P Global Market Intelligence.

Image source: Nebius Group.

Growing debt fears
The early week plunge came as increasing debt loads for companies working to fund the expansion of artificial intelligence (AI) infrastructure have spooked investors. Nebius is in a better financial position than its peer, CoreWeave. Though Nebius has taken on debt to increase capacity this year, it still has negative net debt (more cash than debt).

Risks in the sector, exemplified by CoreWeave's high debt position, contributed to the fear and selling that occurred earlier this week. Although Citigroup issued a "buy" rating for CoreWeave in an analyst note on Thursday night, indicating approximately 100% upside for the stock.

Today's Change

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14.73

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11.50

Current Price

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89.59

That spurred a recovery across the sector. It's not just debt within the AI cloud infrastructure providers group investors need to watch, however. Customers have signed long-term agreements worth billions with companies like Nebius. If customers pull back on that spending, stocks like Nebius will plunge again.

Shares are priced assuming that Nebius will achieve its guidance of a $7 billion to $9 billion annual revenue run rate by the end of 2026. That compares to an expected $1 billion run rate at the end of the current quarter.

If some of that revenue fails to materialize, investors should brace for more downward volatility in Nebius stock.

Citigroup is an advertising partner of Motley Fool Money. Howard Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.