Market Signal Briefing

Vancouver, British Columbia--(Newsfile Corp. - December 19, 2025) - Supreme Critical Metals Inc., (CSE: CRIT) (FSE: VR6) ("Supreme" or the "Company") is pleased to announce that it has closed the final tranche of its non-brokered Flow-Through Unit Private Placement (the "Financing"). In the first tranche the Company raised proceeds of $733,250.19 through the sale of 3,410,466 Flow-Through Units at a price of $0.215 per Flow-Through Unit (the "FT Units"). The second and final tranche the Company raised proceeds of $30,100 through the sale of 140,000 Units.

Pursuant to the terms of the Financing, each FT Unit consists of one common share of the Company and one-half (1/2) of one common share purchase warrant, each whole warrant entitling the holder to purchase one additional common share at an exercise price of $0.30 for 24 months, subject to the Company's right to accelerate expiry if, at any time, the 20 day Volume-Weighted Average Price ("VWAP") of the Company's Common Shares is greater than $0.60 per Common Share for 10 consecutive days, including days where there is no trading. Each FT Unit will qualify as a "flow-through share" under subsection 66 (15) of the Tax Act.

Securities issued pursuant to this closing are subject to trading restrictions until April 20, 2026.

Proceeds from the Offering will be used for exploration on the Company's properties.

The securities of the Company have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there by any sale of the securities referenced in this press release, in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Supreme Critical Metals Inc.

Supreme Critical Metals Inc. (CSE: CRIT) (FSE: VR6) is a publicly traded, diversified exploration company advancing a portfolio of high-potential silver, copper, uranium, and gold properties across North America. The Company follows a disciplined, data-driven acquisition strategy focused on mining-friendly jurisdictions with established infrastructure, predictable permitting, and supportive regulatory frameworks.

Additional information about Supreme Critical Metals is available on the Company's website at www.supremecriticalmetals.com.

On Behalf of the Board of Supreme Critical Metals Inc.

"Glen R. Watson"

Glen R. Watson

President & CEO

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Cautionary Note Regarding Forward-Looking Information

Forward-looking information in this release includes statements regarding the expected closing date of the Offering and future exploration programs. This news release contains forward-looking information and forward-looking statements (collectively, "forward-looking information"). Such forward-looking information is provided to inform the Company's shareholders and potential investors about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as "anticipate", "proposed", "estimates", "would", "expects", "intends", "plans", "may", "will", and similar expressions, although not all forward-looking information contain these identifying words.

More particularly and without limitation, the forward‐looking information in this news release includes expectations regarding the Company's business plans and operations. Forward-looking information is based on a number of factors and assumptions that have been used to develop such information, but which may prove to be incorrect. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, undue reliance should not be placed on forward-looking information because the Company can give no assurance that such expectations will prove to be correct. The forward-looking information in this news release reflects the Company's current expectations, assumptions and/or beliefs based on information currently available to the Company.

Whether actual results, performance, or achievements will conform to Supreme's expectations and predictions is subject to a number of known and unknown risks and uncertainties, which could cause actual results and experience to differ materially from Supreme's expectations. Such material risks and uncertainties include, but are not limited to, the impact of general economic conditions, industry conditions and dependence upon regulatory approvals.

Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement. Readers are cautioned not to place undue reliance on forward-looking statements.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy of this release.

###

/THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278751

Source: Supreme Critical Metals Inc.

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NORTH BAY, Ontario--(BUSINESS WIRE)--GreenFirst Forest Products Inc. (TSX: GFP) (“GreenFirst” or the “Company”) today announced adjustments to its operating schedule in response to continued challenging market conditions in the softwood lumber sector. Given current market conditions, GreenFirst will extend its holiday curtailment at three of its four sawmills — Hearst, Kapuskasing, and Cochrane — resulting in a three-week shutdown from December 22, 2025 to January 9, 2026. “Softwood lumber mark.

December 19, 2025 17:30 ET

 | Source:

ExGen Resources Inc

VANCOUVER, British Columbia, Dec. 19, 2025 (GLOBE NEWSWIRE) -- ExGen Resources Inc. (TSXV: EXG; OTC: BXXRF) (“ExGen”) and MTB Metals Corp. (TSXV: MTB, OTCQB: MBYMF, Frankfurt: E8H) (“MTB”) are pleased to announce completion of the previously disclosed plan of arrangement (the “Arrangement”), pursuant to which ExGen acquired all of the issued and outstanding securities of MTB by way of a court-approved plan of arrangement under the Business Corporations Act (British Columbia).

Commenting on the acquisition, ExGen CEO Jason Riley said: “ExGen is pleased to welcome the MTB team and shareholders to our company. The integration of MTB marks a pivotal milestone for ExGen. This partnership isn't just about scale; it’s about combining our shared vision to capture an incredible time in the market that we believe has only just begun. Together, we possess the critical mass and agility needed to build momentum on future partnerships and acquisitions to establish ExGen as an emerging royalty company.”

TRANSACTION DETAILS

Pursuant to the terms of the Arrangement, among other things, ExGen acquired 100% of the issued and outstanding common shares in the capital of MTB (the “MTB Shares”) in exchange for the issuance of 0.286 common shares in the capital of ExGen (each whole common share, an “ExGen Share”) to shareholders of MTB in exchange for each MTB Share (the “Exchange Ratio”). Following the completion of the Arrangement, there are 109,149,808 issued and outstanding ExGen Shares.

Each eligible outstanding stock option to acquire MTB Shares (the “MTB Options”) was exchanged for a replacement stock option to acquire ExGen Shares, in amounts and at exercise prices adjusted in accordance with the Exchange Ratio. Any document previously evidencing MTB Options now evidences and shall be deemed to evidence such replacement stock options. Further, each outstanding warrant to acquire MTB Shares (the “MTB Warrants”) will entitle the holder thereof to receive, upon the exercise thereof, 0.286 of an ExGen Share at a price adjusted in accordance with the Exchange Ratio, and otherwise on the same terms and conditions as the original MTB Warrant.

The Arrangement received the requisite approval of MTB’s securityholders at a special meeting of securityholders held on December 11, 2025. On December 16, 2025, the Supreme Court of British Columbia issued the final order to approve the Arrangement.

For additional details regarding the above and the Arrangement, please see MTB’s management information circular dated November 5, 2025, a copy of which can be found under MTB’s profile on SEDAR+ at www.sedarplus.ca.

The MTB Shares are expected to be delisted from the TSX Venture Exchange (the “TSXV”) effective as of the close of business on or about December 23, 2025. ExGen also intends to submit an application to the applicable securities regulators to have MTB cease to be a reporting issuer and terminate its public reporting obligations.

ACTION REQUIRED BY MTB SHAREHOLDERS

Registered shareholders of MTB are reminded to submit their duly completed letters of transmittal and, as applicable, the certificates and/or DRS advices representing their MTB Shares to Endeavor Trust Corporation. If any shareholder of MTB has questions or requires further information about the procedures to complete the letter of transmittal, please contact Endeavor Trust Corporation at 604-559-8880 or by email at [email protected]. Shareholders whose MTB Shares are registered in the name of a broker, dealer, bank, trust company or other nominee should contact their nominee.

CHANGE OF EXGEN BOARD AND MANAGEMENT

On completion of the Arrangement, Mark T. Brown, a director of MTB, has been appointed as a director of ExGen.

EARLY WARNING REPORTING

By virtue of its acquisition of all the issued and outstanding MTB Shares pursuant to the Arrangement, ExGen is required to file an early warning report pursuant to National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. A copy of the early warning report will be filed by ExGen against MTB on SEDAR+ at www.sedarplus.ca.

ABOUT EXGEN RESOURCES INC.

ExGen is a project accelerator that seeks to fund exploration and development of our projects through joint ventures and partnership agreements. This approach significantly reduces the technical and financial risks for ExGen, while maintaining the upside exposure to new discoveries and potential cash flow. ExGen intends to build a diverse portfolio of projects across exploration stages and various commodity groups. ExGen currently has 7 projects in Canada and the US.

On behalf of the Board of Directors of ExGen:
Jason Riley
President & CEO
Tel: 604-688-2641
For further information on ExGen:
Jason Tong
Chief Financial Officer
Email: [email protected]
Cell: 604-889-7827

ABOUT MTB METALS CORP.

MTB is advancing two copper-gold projects in the prolific Golden Triangle of northern British Columbia.

Telegraph: 350 square kilometre property located in the vicinity of 4 notable porphyry deposits all being explored or mined by major mining companies. Field work by MTB, together with earlier results, provides compelling evidence for the presence of one or more porphyries similar to the others in the area.

Southmore: 50 square kilometer property hosts several significant copper and gold occurrences. Surface samples include a sample with 12.7% copper and another with 29.4 g/t gold.

MTB also holds royalties on four projects in the Golden Triangle, including two past producing mines.

On behalf of the Board of Directors of MTB:
Lawrence Roulston
President & CEO
For further information on MTB:
Caroline Klukowski, Investor Relations
[email protected]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Information: This news release contains certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. In particular, this news release contains forward-looking information in relation to: the expected timing by which the MTB Shares will be delisted from the TSXV (the “Delisting”), the potential securities regulators’ approval to have MTB cease to be a reporting issuer (the “Cease Reporting”) and conversion of MTB’s securities post-Arrangement. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. In the forward looking information contained in this news release, ExGen and MTB have made numerous assumptions, based upon practices and methodologies which are consistent with the mineral industry. In addition, ExGen and MTB have assumed: the satisfaction of any conditions post Arrangement, including, without limitation, the receipt of TSXV’s acceptance of the Delisting, securities regulators’ acceptance of the Cease Reporting and all required board approvals and regulatory acceptance in connection with post Arrangement matters and filings. While ExGen and MTB consider these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies. Additionally, there are known and unknown risk factors which could cause ExGen's and MTB’s observations, actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: general business, economic, competitive, political and social uncertainties; general capital market conditions and market prices for securities; volatility of commodity prices; competition; accidents and other risks inherent in the mining industry; delay or failure to receive board of directors, third party or regulatory approvals; competition; changes in legislation, including environmental legislation, affecting ExGen or MTB; the early stage development of ExGen and MTB and their projects; the timing and availability of external financing on acceptable terms; conclusions of economic evaluations and appraisals; the possibility that the analytical results from future core sampling does not return significant grades of mineralization; uncertainties relating to interpretation of drill results and the geology; continuity and grade of mineralization; there is no certainty that any work programs will result in significant or successful exploration of ExGen’s and MTB’s projects or development of such projects into a producing mine; uncertainty as to the actual results of exploration and development or operational activities; uncertainty as to the availability and terms of future financing; uncertainty as to timely availability of permits and other governmental approvals; ExGen and MTB may not be able to comply with their ongoing obligations regarding their properties and projects; lack of insurance; currency fluctuations; changes in project parameters as plans continue to be refined; and lack of qualified, skilled labour or loss of key individuals. A description of additional risk factors that may cause actual results to differ materially from forward-looking information can be found in ExGen's and MTB’s disclosure documents on the SEDAR+ website at www.sedarplus.ca. Although ExGen and MTB have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. ExGen and MTB do not undertake to update any forward-looking information except in accordance with applicable securities laws.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of WIZEY, DBOEY either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a US-based CFA engaged by the reader. It may be structured as such, but it is not financial advice. Investors/readers are required and expected to do their own due diligence and research prior to any investment.
They generally are not appropriate for someone with limited capital, limited investment experience, or a lack of understanding for the necessary risk tolerance involved. I own the European/Scandinavian tickers (not the ADRs) of all European/Scandinavian companies listed in my articles.
I own the Canadian tickers of all Canadian stocks I write about. Please note that investing in European/Non-US stocks comes with withholding tax risks specific to the company's domicile as well as your personal situation. Investors should always consult a tax professional as to the overall impact of dividend withholding taxes and ways to mitigate these.

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.

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- December 19, 2025 - The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired securities of F5, Inc. (“F5” or the “Company”) (NASDAQ: FFIV) between October 28, 2024, and October 27, 2025, inclusive. You are hereby notified that the class action lawsuit Matthew Smith v. F5, Inc., et al. (Case No. 2:25-cv-02619) has been commenced in the United States District Court for the Western District of Washington. To get more information go to:

https://zlk.com/pslra-1/f5-inc-lawsuit-submission-form

or contact Joseph E. Levi, Esq. either via email at [email protected] or by telephone at (212) 363-7500. There is no cost or obligation to you.

According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of F5’s security capabilities; notably, that it was not truly equipped to safely secure data for its clients as F5 itself was, for all relevant times, experiencing a significant security breach (the “Security Breach”) of some of its key offerings and, further, that the revelation of this breach would significantly impact F5’s potential to capitalize on the security market.

On October 27, 2025, F5 announced their fourth quarter fiscal year 2025 results after the market closed, providing significantly below-market growth expectations for fiscal 2026 due in significant part to the Security Breach as the Company announced expected reductions to sales and renewals, elongated sales cycles, terminated projections, and increased expenses attributed to ongoing remediation efforts. Pertinently, defendants also disclosed that BIG-IP, the product that was the subject of the Security Breach, is the company’s highest revenue product, elevating the scope of the impact from the original disclosure as F5 does not otherwise provide revenue contributions by product line.

Following this news, the price of F5’s common stock declined dramatically. From a closing market price of $290.41 per share on October 27, 2025, F5’s stock price fell to $258.76 per share on October 28, 2025, a decline of an additional 10.9% in the span of two days.

“Our firm is committed to ensuring that investors receive full compensation for losses caused by corporate misrepresentations,” said Joseph E. Levi, a partner at Levi & Korsinsky. “We encourage FFIV shareholders to step forward before the February 17, 2026 deadline so we can pursue justice on their behalf.”

If you suffered a loss in FFIV securities, you have until February 17, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP  
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
33 Whitehall Street, 27th Floor 
New York, NY 10004 
[email protected]  
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com

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.

ST. PAUL, Minn.--(BUSINESS WIRE)--A Minnesota jury awarded $65.5 million to a 37-year-old mother of three minor children after finding in her favor in a lawsuit against Johnson & Johnson, concluding that the company's talc products exposed her to asbestos and contributed to her developing mesothelioma, a cancer of the lining of the lungs. The verdict follows a 13-day trial in Ramsey County District Court, where jurors heard evidence that Johnson & Johnson sold and marketed talc-based co.

December 19, 2025 16:30 ET

 | Source:

Okeanis Eco Tankers Corp

ATHENS, Greece, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Financial calendar for Okeanis Eco Tankers Corp.

FINANCIAL YEAR 202520.03.2026 - Annual Report
18.02.2026 - Quarterly Report - Q4

FINANCIAL YEAR 202604.08.2026 - Half-yearly Report
29.05.2026 - Annual General Meeting

13.05.2026 - Quarterly Report - Q1
11.11.2026 - Quarterly Report - Q3

All quarterly financial results will be released after market close on the New York Stock Exchange (NYSE) on the respective dates.

Contacts

Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
[email protected]

Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
[email protected]

About OET

OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.

This information is published pursuant to the requirements set out in the Continuing obligations.

December 19, 2025 16:30 ET

 | Source:

National Healthcare Properties

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) (“NHP”) announced today that it declared quarterly dividends on its outstanding preferred stock. Specifically, NHP declared a dividend of $0.4609375 per share on its 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock payable on January 15, 2026 to holders of record at the close of business on January 2, 2026. In addition, NHP declared a dividend of $0.4453125 per share on its 7.125% Series B Cumulative Redeemable Perpetual Preferred Stock payable on January 15, 2026 to holders of record at the close of business on January 2, 2026.

About National Healthcare Properties, Inc.

National Healthcare Properties, Inc. (Nasdaq: NHPAP / NHPBP) is a publicly registered real estate investment trust focused on acquiring a diversified portfolio of healthcare real estate, with an emphasis on seniors housing and outpatient medical facilities located in the United States. Additional information about NHP can be found on its website at nhpreit.com.

Forward-Looking Statements

This press release may contain “forward-looking” statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern and are based upon, among other things, the potential growth of NHP’s portfolio; the sale of properties; the performance of its operators/tenants and properties; its ability to enter into agreements with new viable tenants for vacant space on favorable terms, or at all; its occupancy rates; its ability to acquire, develop and/or manage properties; its ability to make distributions to shareholders; its policies and plans regarding investments, financings and other matters; its tax status as a real estate investment trust; its critical accounting policies; its ability to appropriately balance the use of debt and equity; its ability to access capital markets or other sources of funds; and its ability to finance and complete, and the effect of, future acquisitions. When NHP uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. NHP’s expected results may not be achieved, and actual results may differ materially from expectations. This may be a result of various factors, including, but not limited, the risks and uncertainties described in the section titled Risk Factors of its most recent Annual Report on Form 10-K for the year ended December 31, 2024 and all other filings with the Securities and Exchange Commission. Finally, NHP assumes no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

Contacts

Investors and Media:
Email: [email protected]

HONG KONG, Dec. 19, 2025 (GLOBE NEWSWIRE) -- AGM GROUP HOLDINGS INC. (Nasdaq: AGMH) (the “Company” or “AGMH”), is one of the few publicly-listed companies at US market with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters, today announced the subsequent closing of offering of a convertible promissory note in the principal amount of $500,000 (the “Note”) convertible into Class A ordinary shares of the Company, par value $0.05 per share (“Shares”) for aggregate gross proceeds of $425,000 as to the closing (the “Closing”).

On September 22, 2025, the Company entered into a series of agreements with an institutional investor (the “Investor”), pursuant to which the Company agreed to allot and issue up to $6 million in face value of original issue discount convertible advances (the “Advances”). Under the Securities Purchase Agreement (the “SPA”), the Company may issue up to $6 million in aggregate principal amount of Advances in three tranches. The first tranche of $2 million is issued in two installments: $1,500,000 at initial closing and $500,000 upon the effectiveness of an initial resale registration statement to be filed with the U.S. Securities and Exchange Commission (“SEC”). This Closing is the second closing of the First Tranche occurred on December 18, 2025.

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

About AGM Group Holdings Inc.

AGM Group Holdings Inc. is one of the few publicly-listed companies at US market with both ASIC chip design and crypto miner production capabilities and its released crypto miner has competitive product performance and parameters. For more information, please visit the Company’s website at https://agmhgroup.com/

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "assesses," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's registration statement and other filings with the U.S. Securities and Exchange Commission.

For more information, please contact:

AGM GROUP HOLDINGS INC.
Investor Relations Department
Email: [email protected]
https://agmhgroup.com/

, /PRNewswire/ -- The NXG Cushing® Midstream Energy Fund (NYSE: SRV) (the "Fund") declared a special distribution of $2.14 per common share.  This special distribution will be payable to common shareholders pursuant to the table below:

Record Date

Ex-Dividend Date

Payment Date

Distribution Amount

December 29, 2025

December 29, 2025

December 31, 2025

$2.14

This special distribution is in addition to the Fund's previously announced December distribution of $0.45 per share. This special distribution is being paid to allow the Fund to meet its 2025 distribution requirements as a regulated investment company for U.S. federal income tax purposes. 

It is estimated that 100% of the special distribution will consist of long-term capital gain. The sources the distribution are only estimates and are provided to you pursuant to regulatory requirements and are not being provided for tax reporting purposes. The final determination of such sources will be made and reported to shareholders in early 2026 for the 2025 dividends, after the end of the calendar year when the Fund determines its earnings and profits for the year. The final tax status of a distribution may differ substantially from this information.

The distribution shall be paid on the payment date unless the payment of such distribution is deferred by the Fund's Board of Trustees upon a determination that such deferral is required in order to comply with applicable law or to ensure that the Fund remains solvent and able to pay its debts as they become due and continue as a going concern.

ADDITIONAL INFORMATION ABOUT THE FUND

The Fund is a non-diversified, closed-end management investment company with an investment objective of seeking a high after-tax total return from a combination of capital appreciation and current income. The Fund seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets, plus any borrowings for investment purposes, in a portfolio of midstream energy investments. The Fund considers midstream energy investments to be investments that offer economic exposure to securities of midstream energy companies, which are companies that engage provide midstream services in the energy infrastructure sector, including the gathering, transporting, processing, fractionation, storing, refining and distribution of natural resources, such as natural gas, natural gas liquids, crude oil refined petroleum products, biofuels, carbon sequestration, solar, and wind.  The Fund considers a company to be a midstream energy company if at least 50% of its assets, income, sales or profits are committed to, derived from or otherwise related to midstream energy services. The Fund's shares are traded on the New York Stock Exchange under the symbol "SRV."

There can be no assurance that the Fund will achieve its investment objectives. Investments in the Fund involve operating expenses and fees. The net asset value of the Fund will fluctuate with the value of the underlying securities. It is important to note that closed-end funds trade on their market value, not net asset value, and closed-end funds often trade at a discount to their net asset value.

ABOUT NXG Investment Management

Cushing® Asset Management, LP ("Cushing") is an SEC-registered investment adviser headquartered in Dallas, Texas. Cushing serves as investment adviser to affiliated funds and managed accounts. Cushing is doing business as NXG Investment Management. The Firm provides Next Generation investment strategies to investors seeking long-term growth in companies focused on traditional and transformational infrastructure.

Contact:
Blake Nelson
NXG Investment Management
214-692-6334
www.nxgim.com

IMPORTANT INFORMATION

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

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the Fund and NXG Investment Management believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the company's reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the Fund and Cushing do not assume a duty to update this forward-looking statement.

SOURCE NXG Investment Management

Fort Lauderdale, Florida--(Newsfile Corp. - December 19, 2025) - Flora Growth Corp. (NASDAQ: FLGC) ("Flora" or the "Company"), which is set to rebrand as ZeroStack, and is the first public company to offer exposure to Decentralized AI through the accumulation of $0G, the native cryptocurrency of the distributed AI infrastructure project 0G ("$0G"), held its 2025 Special Meeting of Shareholders (the "Meeting"). The final voting results of the proposals submitted to a vote of the Company's shareholders at the Meeting are as follows:

Proposal 1: To give the board of directors of the Company (the "Board") the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to change the name of the Company to "ZeroStack Corp." or to such other name as the Board, in its sole discretion, determines to be appropriate:

For Against Abstentions307,327 53,559 1,695Proposal 2: To give the Board the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to create a new class of preferred shares, issuable in series, and to provide for the rights, privileges, restrictions and conditions attaching to the common shares, no par value, of the Company (the "Common Shares") and the preferred shares, as a class:

BrokerFor
AgainstAbstentions
Non-Votes165,494
32,278435
164,374Proposal 3: To approve an amendment (the "2022 Plan Amendment") to the Company's 2022 Plan to the Company's 2022 Incentive Compensation Plan, as amended on June 6, 2023, August 14, 2024 and June 30, 2025 (the "2022 Plan"), to (i) increase the number of Common Shares issuable thereunder from 115,385 to 10% of the fully diluted Common Shares as of the date the shareholders approve the 2022 Plan Amendment and (ii) increase the number of Incentive Stock Options (as defined in the 2022 Plan) issuable thereunder from 21,795 to the lower of (A) 2,000,000 and (B) the number of Common Shares issued and outstanding as of the date the shareholders approve the 2022 Plan Amendment:

BrokerFor
Against
Abstentions
Non-Votes167,124
30,477
606
164,374Proposal 4: To approve the grant of stock options to the Company's Chief Executive Officer, Chief Financial Officer and Executive Chairman.

BrokerFor
Against
Abstentions
Non-Votes166,325
30,688
1,194
164,374Proposal 5: To approve, for purposes of complying with Nasdaq Listing Rules 5635(c) and 5635(d), the issuance of Common Shares underlying pre-funded warrants and warrants sold in the Company's private placement transactions entered into by the Company with certain investors, pursuant to securities purchase agreements, dated on or about September 19, 2025 (the "September 2025 Private Placement"):

BrokerFor
Against
Abstentions
Non-Votes53,843
27,150
874
164,374Proposal 6: To approve, for purposes of complying with Nasdaq Listing Rule 5635(d), the issuance of Common Shares underlying the convertible note issued to DeFi Development Corp in the Company's September 2025 Private Placement:

BrokerFor
Against
Abstentions
Non-Votes53,843
27,076
897
164,374Proposal 7: To approve, for purposes of complying with Nasdaq Listing Rules 5635(c) and 5635(d), the issuance of Common Shares underlying the convertible note issued to Zero Gravity Labs Inc. in the Company's September 2025 Private Placement:

BrokerFor
Against
Abstentions
Non-Votes54,609
27,033
225
164,374Proposal 8: To give the Board the authority, at its discretion, to file Articles of Amendment to the Company's amended and restated Articles of Incorporation to effect a forward share split of the Company's outstanding Common Shares, at a ratio between 2:1 to 10:1, without reducing the authorized number of Common Shares, to be effected, if at all, in the sole discretion of the Board at any time within one year of the date of the Meeting without further approval or authorization of our shareholders:

For
Against
Abstentions
280,700
70,061
11,820
Proposal 9: To approve one or more adjournments or postponements of the Meeting by the Company from time to time to permit further solicitation of proxies, if necessary or appropriate, if sufficient votes are not represented at the Meeting to approve one or more of Proposals Nos. 1-8 at the time of such adjournment or postponement or if otherwise determined by the chairperson of the Meeting to be necessary or appropriate:

For
Against
Abstentions
280,588
80,155
1,838
Based on the foregoing votes, Proposals 1, 2, 3, 4, 5, 6, 7, 8 and 9 were approved. No other matters were considered or voted upon at the Meeting.

About Flora Growth Corp:

Flora Growth Corp., which is set to be rebranded as ZeroStack, is the first and largest decentralized AI treasury company that is investing in the future of AI infrastructure through the $0G token. The Company is a global pharmaceutical distributor through its wholly owned subsidiary Phatebo GmbH. For more information, visit https://zerostack.ai/

Cautionary Statement Concerning Forward-Looking Statements

This press release may contain "forward-looking statements," as defined by U.S. federal securities laws. Forward-looking statements reflect Flora's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. Such forward-looking statements are subject to various and risks and uncertainties, including those described under section entitled "Risk Factors" in Flora's Annual Report on Form 10-K filed with the United States Securities and Exchange Commission (the "SEC") on March 24, 2025, as such factors may be updated from time to time in Flora's periodic filings with the SEC, which are accessible on the SEC's website at www.sec.gov/edgar. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release and in Flora's filings with the SEC. While forward-looking statements reflect Flora's good faith beliefs, they are not guarantees of future performance. Flora disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. You should not place undue reliance on any forward-looking statements, which are based on information currently available to Flora (or to third parties making the forward-looking statements).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278726

Source: Flora Growth Corp.

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Delaware's Supreme Court reversed a lower court's decision to cancel the CEO's 2018 pay package.

December 19, 2025 16:35 ET

 | Source:

Total Return Securities Fund

NEW YORK, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Total Return Securities Fund (f/k/a The Swiss Helvetia Fund, Inc.) (the “Fund”) (NYSE: SWZ) announced today that it is commencing a tender offer to purchase up to 4 million shares of common stock the Fund at a price of 98% of the Fund’s net asset value per share as of the close of the regular trading session of the New York Stock Exchange on the day following the “Expiration Date,” which is January 20, 2026 (unless extended). In accordance with the rules of the U.S. Securities and Exchange Commission (the “Commission”), the Fund may purchase additional shares not to exceed 2% of the Fund’s outstanding shares without amending or extending the tender offer.

The tender offer will expire at 5:00 p.m. Eastern Time, on the Expiration Date. The tender offer is being made only upon the terms and subject to the conditions set forth in the offer to purchase and related letter of transmittal, which will be sent to shareholders as soon as practicable. Shareholders that hold shares in street name and wish to accept the tender offer should contact their custodian to confirm when it requires notice (which may be prior to the Expiration Date).

This announcement is not a recommendation or an offer to purchase any securities of the Fund. The Fund has filed with the Commission a tender offer statement on Schedule TO and related exhibits under the Securities Exchange Act of 1934, as amended, relating to the tender offer. Shareholders should read the offer to purchase, letter of transmittal and other related documents carefully as they contain important information about the tender offer. Shareholders may obtain the offer to purchase, letter of transmittal and other related documents without charge from the Commission’s website at http://www.sec.gov, the Fund’s website (www.totalreturnsecuritiesfund.com) or the Fund’s information agent, InvestorCom, by calling toll free (877) 972-0090.

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

For more information, please call InvestorCom, the Fund’s information agent, at (877) 972-0090 between the hours of 9:00 a.m. and 5:00 p.m., Eastern time, Monday through Friday (except holidays).

HomeStock IdeasLong IdeasTech 

SummaryAsana, Inc. trades at a steep discount to SaaS peers, with a P/S ratio of 4.4x versus higher-growth competitors.ASAN's operational efficiency is improving, with non-GAAP gross margins near 90% and positive free cash flow of $65M TTM.AI-driven product initiatives, including AI Teammates and Smart Workflows, position ASAN to enhance stickiness and pricing power.If AI integration accelerates growth or retention, ASAN’s valuation could quickly re-rate upward, despite competitive risks. Jutharat Pinpan/iStock via Getty Images

Overview Asana, Inc. (ASAN) became a market darling during the remote-work boom in 2021, as shares surged to euphoric highs as a result of strong revenue growth and premium valuations for Service-as-a-Software (SaaS) companies. However, since then shares

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.

All predictions and projections are solely median estimates by financial analysts and are due for uncertainty. All graphs, charts, etc. may not be up to date and only represent the latest available data. I do not guarantee the accuracy of any of my mentioned price targets, and thus, they should not be used as investment advice.

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.

Expected Support Test
Given recent low volatility, a pullback to test support near the 10-day average at $4,282 and rising, before a decisive advance, wouldn’t be surprising. Resistance has been seen near the completion of a 100% measured move at $4,356, which matches the price advance in the first measured move as marked on the chart. A failure of the 20-day average could see a test of support near the 20-day average, now at $4,234.

Upside Breakout Requirements
If the short-term trend high from this week can be exceeded, then a breakout to a new record high above $4,381 becomes a possibility. A 127.2% measured move projection first targets $4,454. Then, a 127.2% extension of the more recent bearish correction in October points to a potential initial upside target of $4,516. The extension target carries more weight as it is derived from a larger pattern.

Weekly Perspective
On the weekly timeframe, a weekly breakout triggered this week above last week’s high of $4,353, but it will not confirm today as the weekly close will likely be below that weekly high. This is consistent with the lack of bullish momentum and sideways movement recently, showing a lack of strong conviction from buyers.

Outlook
Gold’s multi-week uptrend stays intact above rising averages and trendlines, but persistent low volatility and an unconfirmed weekly breakout highlight absent buyer conviction. Expect a likely dip to the 10-day $4,282 or 20-day $4,234 before resolution; clearance of $4,375–$4,381 unlocks $4,454–$4,516, while loss of the 10-day raises short-term seller risk.

For a look at all of today’s economic events, check out our economic calendar.

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Paul Squire

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Delaware's Supreme Court sided with Elon Musk's appeal to get his multibillion-dollar pay package.

AP Photo/Evan Vucci, File

2025-12-19T21:50:41.567Z

Elon Musk is entitled to his $55.8 billion Tesla pay package from 2018, Delaware's Supreme Court ruled.

A Delaware Chancery Court judge struck down the compensation package last year after a Tesla shareholder sued over the massive payday, which was tied to a series of growth goalposts for the EV company.

The Delaware Supreme Court's ruling overturns that decision, saying it was too extreme a remedy.

How Elon Musk makes and spends his billions

Tesla shareholders recently approved an even bigger pay package of up to $1 trillion for Musk if Tesla achieves further sales and growth goals.

This story is developing. Please check back for updates.

Read next

December 19, 2025 16:52 ET

 | Source:

Quantum BioPharma

TORONTO, Dec. 19, 2025 (GLOBE NEWSWIRE) -- Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) (FRA: 0K91) (“Quantum BioPharma”), understands that Quantum BioPharma shareholder Paul Durkacz has filed a class action lawsuit alleging that investors in Quantum BioPharma were the victims of stock manipulation. The suit alleges that between January 6, 2021, and October 15, 2025, shareholders who sold securities of Quantum Biopharma Ltd., formerly known as FSD Pharma Inc., were significantly and materially harmed.

A link to this complaint can be found here.

Quantum Biopharma intends to seek appointment as a lead plaintiff in this class action in order to assist in protecting its shareholders.

For more information visit: www.quantumbiopharma.com and https://www.quantumbiopharma.com/quantum-biopharma-vs-banks

Quantum Biopharma Ltd. has renewed the services of LWM for one month starting December 22, 2025.

About Quantum BioPharma Ltd.

Quantum BioPharma (NASDAQ: QNTM) is a biopharmaceutical company dedicated to building a portfolio of innovative assets and biotech solutions for the treatment of challenging neurodegenerative and metabolic disorders and alcohol misuse disorders with drug candidates in different stages of development. Through its wholly owned subsidiary, Lucid Psycheceuticals Inc. (“Lucid”), Quantum BioPharma is focused on the research and development of its lead compound, Lucid-MS. Lucid-MS is a patented new chemical entity shown to prevent and reverse myelin degradation, the underlying mechanism of multiple sclerosis, in preclinical models. Quantum BioPharma invented unbuzzd™ and spun out its OTC version to a company, Celly Nutrition Corp. (“Celly Nutrition”), now Unbuzzd Wellness Inc., led by industry veterans. Quantum BioPharma retains ownership of 19.86% as of September 30, 2025 of Unbuzzd Wellness Inc. at www.unbuzzd.com. The agreement with Unbuzzd Wellness Inc. also includes royalty payments of 7% of sales from unbuzzd™ until payments to Quantum BioPharma total $250 million. Once $250 million is reached, the royalty drops to 3% in perpetuity. Quantum BioPharma retains 100% of the rights to develop similar products or alternative formulations specifically for pharmaceutical and medical uses. Quantum BioPharma maintains a portfolio of strategic investments through its wholly owned subsidiary, FSD Strategic Investments Inc., which represents loans secured by residential or commercial property. For more information visit www.quantumbiopharma.com.

Forward-Looking Information

This press release contains certain "forward-looking statements" within the meaning of applicable securities law. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, objectives, assumptions or future events or performance (often, but not always, identified by words or phrases such as “believes”, “hopes”, “alleges”, “pending”, “further”, or variations of such words and phrases or statements that certain actions events or results “may”, “could”, “which”, or “will” and similar expressions) are not statements of historical fact and may be forward-looking statements. Forward-looking information herein includes, but is not limited to, statements regarding: the Company’s ongoing litigation against major financial institutions; the potential outcome or judgment value; expectations regarding whistleblower submissions and related rewards; continued market integrity initiatives; future business performance and possible acquisitions.

In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation: the ability to obtain and validate whistleblower evidence; the timing and outcome of legal proceedings; resolution of ongoing litigation on favourable terms, availability and sufficiency of litigation funding; continued regulatory compliance and market stability for the Company’s operations.

The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made, and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The above lists of forward-looking statements and assumptions are not exhaustive. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated or implied by such forward-looking statements due to a number of factors and risks. These include: the adverse outcome of legal actions; the receipt and credibility of whistleblower disclosures; changes in applicable laws and regulations; the actions of third parties involved in alleged manipulation; evolving market dynamics; the sufficiency of future litigation proceeds to fund the Company’s whistleblower reward; the continued ability to obtain sufficient litigation funding; limited future growth opportunities, and reliance on key personnel.

Except to the extent required by applicable securities laws and the policies of the Canadian Securities Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change.

The reader is urged to refer to additional information relating to Quantum BioPharma, including its annual information form, can be located on the SEDAR+ website at www.sedarplus.ca and on the EDGAR section of the SEC's website at www.sec.gov for a more complete discussion of such risk factors and their potential effects.

Contacts:

Quantum BioPharma Ltd.
Zeeshan Saeed, Founder, CEO and Executive Co-Chairman of the Board
Email: [email protected]  
Telephone: (833) 571-1811

Investor Relations
Investor Relations: [email protected]
General Inquiries: [email protected]

Medtronic will own at least 80.1% of the voting stock for MiniMed once the IPO is complete.

Q2: 2025-12-19 Earnings SummaryEPS of $1.26 beats by $0.03

 |

Revenue of

$1.56B

(18.28% Y/Y)

beats by $4.60M

Paychex, Inc. (PAYX) Q2 2026 Earnings Call December 19, 2025 9:30 AM EST

Company Participants

Robert Schrader - Senior VP & CFO
John Gibson - President, CEO & Director

Conference Call Participants

Mark Marcon - Robert W. Baird & Co. Incorporated, Research Division
Bryan Bergin - TD Cowen, Research Division
Bryan Keane - Citigroup Inc., Research Division
Tien-Tsin Huang - JPMorgan Chase & Co, Research Division
Andrew Nicholas - William Blair & Company L.L.C., Research Division
James Faucette - Morgan Stanley, Research Division
Samad Samana - Jefferies LLC, Research Division
William Qi - RBC Capital Markets, Research Division
Kartik Mehta - Northcoast Research Partners, LLC
Scott Wurtzel - Wolfe Research, LLC
Jason Kupferberg - Wells Fargo Securities, LLC, Research Division

Presentation

Operator

Good morning, and welcome to Paychex Second Quarter Fiscal 2026 Earnings Call. Participating on the call today are John Gibson and Bob Schrader. [Operator Instructions] As a reminder, this conference is being recorded, and your participation implies consent to our recording of this call. I would now like to turn the call over to Bob Schrader, Paychex' Chief Financial Officer.

Robert Schrader
Senior VP & CFO

Thank you for joining us to discuss Paychex Second Quarter Fiscal 2026 results. Our earnings release and presentation are available on our Investor Relations website. We plan to file our Form 10-Q with the SEC within a couple of business days. This call is being webcast live and will be available for replay on our Investor Relations portal.

Today's call includes forward-looking statements that refer to future events and involve some risk. We encourage you to review our filings with the SEC for additional information on factors that could cause actual results to differ from our current expectations. We will also reference non-GAAP financial measures. A description of these items along with the reconciliation of the non-GAAP measures can be found in our earnings

Bitcoin continues to struggle below the $90,000 level as volatility remains elevated and market conviction weakens. Short-term price swings have failed to establish a clear directional bias, reinforcing a broader sense of uncertainty among traders and investors. While price remains historically high, internal market conditions suggest that underlying stress is building beneath the surface, particularly within the mining sector.

A recent analysis by Axel Adler highlights growing pressure on Bitcoin miners using the Miner Financial Health Index, a composite metric that assesses mining profitability relative to price. Readings above 80% historically signal excessive profitability and late-cycle conditions, while levels below 20% indicate financial strain and elevated risk for miners.

Currently, the index sits near 22%, once again approaching the Alert zone. This places miner profitability near one of its weakest levels since 2022, despite Bitcoin trading well above its summer 2022 price range. Similar conditions have typically appeared during post-correction phases or shortly after halving events, when revenue compression collides with high network difficulty.

This divergence between elevated price levels and deteriorating miner fundamentals raises important questions about the sustainability of Bitcoin’s current structure as the market searches for its next equilibrium.

Miner Economics Signal Growing Stress Beneath Bitcoin’s Price
Adler’s analysis further examines the demand–supply balance within Bitcoin’s mining economics, offering deeper insight into why miner profitability continues to deteriorate. This index tracks the ratio of transaction fee revenue relative to new coin issuance, effectively measuring how much users are willing to pay for blockspace compared to the rate of supply expansion. Historically, readings above 70% indicate strong demand and a risk-on environment, while levels below 30% reflect structural weakness.

Bitcoin Miner Demand-Supply Balance | Source: CryptoQuant
Currently, the demand–supply balance sits near 38% on a 30-day average. While not yet in outright stress territory, the metric has declined steadily from local highs above 60%, placing it firmly in a neutral-weak zone.

This trend suggests that organic demand for blockspace remains subdued, with users showing little urgency to outbid one another through higher fees. For a clear improvement in conditions, Adler notes that the index would need to reclaim levels above 50%, likely requiring a surge in transaction activity or a meaningful on-chain catalyst.

This weakness is mirrored in absolute miner revenue. Bitcoin miner revenue, measured in US dollars and smoothed over seven days, has fallen to roughly $40 million after a recent peak. Although consistent with 2025 averages, this level remains well below revenue spikes seen during periods of heightened network activity.

With difficulty remaining elevated, declining revenues amplify pressure on less efficient miners, reinforcing the stress signaled by both profitability and demand metrics.

Bitcoin’s price action on the daily chart reflects a market struggling to regain structural strength after a sharp corrective phase. BTC is currently trading around the $88,000 area following a rebound from recent lows, but the broader trend remains fragile. The selloff from the $120,000–$125,000 region marked a clear break in momentum, with price slicing below the short-term moving averages and triggering accelerated downside pressure.

BTC consolidates around key support level | Source: BTCUSDT chart on TradingView
Notably, Bitcoin lost the daily 50-day and 100-day moving averages during the decline, confirming a shift toward a bearish short-term structure. While the 200-day moving average continues to trend higher and remains intact, price is now consolidating just below it, turning this level into a critical zone of resistance. As long as BTC fails to reclaim and hold above this long-term trend line, upside attempts are likely to face selling pressure.

The sharp increase in sell volume during the breakdown contrasts with relatively muted buying volume on the rebound, suggesting that recent upside moves are corrective rather than impulsive. Structurally, Bitcoin is forming a lower-high pattern, which keeps downside risk elevated if support near $85,000–$86,000 fails.

For bulls to regain control, BTC must reclaim the 200-day moving average and establish higher highs. Until then, the chart favors consolidation or further volatility rather than a sustained recovery.

Featured image from ChatGPT, chart from TradingView.com

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New reports have revealed that a billionaire Shiba Inu investor has transferred billions of SHIB tokens to a crypto exchange, setting the stage for possible market shifts. Typically, large exchange inflows of this size precede heightened market volatility as traders assess whether the move signals a distribution or a strategic repositioning. The outcome of this large-scale transfer could also influence Shiba Inu’s near-term price, which has been trending down for months.

Billionaire Shiba Inu Whale Moves 469 Billion SHIB
Blockchain analyst EmberCN was the first to report the large-scale movement on X this Thursday, highlighting that a top whale had transferred a significant amount of SHIB tokens to a centralized exchange. Fresh on-chain data from Arkham Intelligence shows that more than 48 hours ago, the anonymous whale had moved 469 billion SHIB, worth approximately $3.64 million, to OKX.

The transfer was reportedly split into two transactions: one for 468.982 billion SHIB and the other for just 5 million tokens. Following this, Arkham Intelligence revealed that the whale had executed another substantial transfer of 464.308 billion SHIB and 550,066 SHIB to OKX the next day. At the time, the value of these coins was about $3.48 million and $4.12 million, respectively. 

In his post, EmberCN referenced a 2023 disclosure revisiting an initial 2020 transaction by the same whale, which resulted in massive unrealized gains at the top. The blockchain analyst revealed that the whale had initially acquired 1.03 trillion SHIB in 2020 using just 37.8 ETH valued at around $13,700 at the time. This purchase represented roughly 17.4% of the total SHIB supply, making it one of the most profitable Shiba Inu trades ever recorded. 

Source: Chart from EmberCN on X
At the peak of the 2021 bull market, the whale’s 1.03 trillion SHIB was valued at roughly $9.1 billion. Despite the explosive price rally, the investor largely maintained the position and avoided selling most of the holdings in the years that followed. Even after the SHIB price crash earlier this year, there were no official reports of whales moving funds to take profits. 

Current data indicates that despite its most recent 469 billion SHIB transfer, the whale still controls up to 96.22 trillion SHIB, accounting for about 16.4% of the total supply. At present market prices, these holdings are valued at roughly $707.3 million, underscoring the sheer magnitude of this whale’s holdings. EmberCN notes that the anonymous whale’s address history is fully visible on Arkham Intelligence, offering detailed insights into past transactions. 

Is The Whale Selling Or Repositioning?
Currently, it’s unclear whether the anonymous 469 billion- and 464.3 billion SHIB transfers were sold or simply repositioned. In most cases, transfers from a private wallet to exchanges are viewed as early signs of potential selling activity, especially when the volume is large. For transactions of this size, liquidating the tokens could influence Shiba Inu’s price dynamics.

The meme coin is already trading at $0.0000073, down 13.04% over the past week. So far, the market has yet to show a clear reaction to the whale’s transfer. Nevertheless, a potential market sell-off could have drastic effects on SHIB’s already weak market.

SHIB trading at $0.0000073 on the 1D chart | Source: SHIBUSDT on Tradingview.com
Featured image from Sketchfab chart from Tradingview.com

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According to the data provided by WhaleAlert, a pre-mine address containing a total of 2,000 ETH ($5.9 million) was recently activated after more than 10 years of inactivity. Initially, the tokens in question were worth only $620.

In the first 14 days of the 2014 sale, the price was fixed at 2,000 ETH for 1 BTC.

That investor paid exactly 1 Bitcoin (approx. $600 at the time) for that wallet.

HOT Stories

Other notable activations Over the past two months, there has been a notable cluster of "sleeping giant" Ethereum wallets waking up.

On Dec. 1, an address with 40,000 ETH (roughly $120 million) emerged from dormancy after more than 10 years of inactivity. This entity transferred their funds to a new wallet and staked the entire amount on the Ethereum Beacon Chain. Instead of cashing out a 9,600x return, the owner chose to earn yield.

card

On Dec. 10, a whale sold a total of 850 ETH on Coinbase for roughly $2.8 million. The initial value in 2015 was roughly $263. The reactivation realized a gain of approximately 10,684%.

Smaller transfers to exchanges generally create short-term bearish sentiment due to fear of "OG" dumping. However, this group is shrinking. According to some estimates, only about 600 of these original Genesis wallets remain completely dormant (never touched). Every time you see a "Whale Alert" about transfers of long-dormnat ETH to exchanges, that number drops.

As for staking, the Pectra upgrade has introduced MaxEB (Maximum Effective Balance), which raises the maximum limit for a single validator from 32 ETH to 2,048 ETH. Whales are likely moving funds now for the sake of consolidation. 

Bitcoin rebounded to $88,000 on Friday as markets digested a fall in volatility, boosting risk assets.

CryptocurrencyTickerPriceBitcoin(CRYPTO: BTC)$87,822.17Ethereum(CRYPTO: ETH)$2,988.23Solana(CRYPTO: SOL)$126.27XRP(CRYPTO: XRP)$1.91Dogecoin(CRYPTO: DOGE)$0.1329Shiba Inu(CRYPTO: SHIB)$0.057612Notable Statistics:

Coinglass data shows 121,778 traders were liquidated in the past 24 hours for $ $408.07 million.       
In the past 24 hours, top gainers include Zcash, UNUS SED LEO and Bitcoin Cash.
Notable Developments:

Binance Founder Says Crypto Payments Are A ‘Problem’ As Reddit Post Exposes How USDC Transfers Reveal Entire Wallet Histories
Senate Confirms Trump’s Crypto-Friendly Nominees Mike Selig And Travis Hil To Lead CFTC, FDIC
Coinbase Warns Of ‘Immediate And Irreparable’ Harm As It Sues Three US States Over Prediction Market Regulation
XRP Below $2 Is An Opportunity, But It Better Not Follow This Cardano Pattern, Trader Warns
Bitcoin To Hit $1.4 Million By 2035 Due To Three-Pillar ‘Asymmetric Risk Profile’
Trader Notes: CoinDesk senior analyst James Van Straten said Bitcoin is likely to remain range-bound between $85,000 and $90,000 until options expiry, citing a potential "gamma flush."

Roughly $415 million, or about 67%, of dealer gamma exposure is set to expire over the next eight days.

Once that overhang clears, Van Straten said, the market could see a sharp release of upward pressure, potentially reopening a path toward $100,000.

CryptoUB outlined key weekend levels for Bitcoin, expecting continued consolidation in the near term.

Moves above $88,000 offer poor risk-reward for long positions, while a reclaim of $90,000 would provide stronger confirmation. On the downside, the $85,700 level must hold to support any intraday long setups.

Lark Davis said Bitcoin's recent underperformance does not invalidate the broader bull thesis.

Instead, he argued the shift reflects a change in market structure, with institutions now exerting greater influence and treating Bitcoin as a managed macro asset rather than a high-beta speculative trade.

That dynamic, he said, tends to suppress volatility and cap upside as large players hedge and sell into strength.

Bitcoin remains stuck in a transitional phase, moving from a speculative asset toward a global monetary instrument.

Such periods are often marked by choppy, range-bound price action and are typically resolved only after positioning and sentiment fully reset.

Read Next:

Bitcoin Pops To $88,000 But Don’t Get Too Excited: On-Chain Data Says ‘Dead-Cat Bounce’
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