Market Signal Briefing

Journalist

Posted: December 17, 2025

Ethereum slipped into a short-term downtrend after failing to hold above $3,400 six days ago.

Since then, Ethereum [ETH] traded inside a minor descending channel and briefly dipped to a local low near $2,800. At press time, ETH traded at $2,926, down 6.9% on the daily chart, extending a week-long bearish stretch.

That decline pushed both unrealized and realized losses sharply higher across derivatives markets.

Whale losses mount on Hyperliquid
One Ethereum whale saw unrealized losses swell past $54 million as prices slid below $3,000.

Following Ethereum’s recovery attempt after the April crash, a Bitcoin whale rotated capital into Ethereum.

The entity, labeled “BitcoinOG” on Arkham, shifted from Bitcoin and opened aggressive ETH long positions. In total, the whale built nearly $700 million in leveraged long exposure, becoming Hyperliquid’s largest ETH long holder.

Source: Arkham

As Ethereum revisited sub-$3,000 levels, the whale’s ETH longs lost more than $54.81 million in value. At the same time, unrealized profit fell from roughly $119.6 million to nearly $54 million.

Even so, liquidation remained distant. The whale’s estimated liquidation price sat near $2,082.

That buffer suggested conviction, with no positions closed despite mounting drawdowns.

Liquidations accelerate across futures markets
Besides the soaring unrealized losses in the Futures market, exits and forced liquidations jumped substantially. 

According to CoinGlass data, Derivatives Volume surged 53.5% to $87.15 billion while Open Interest dropped 55.29% to $37.67 billion. 

Source: CoinGlass

Typically, a drop in OI while Volume rises means many offsetting trades were executed as traders squared their books. 

As a result, Ethereum liquidations skyrocketed, reaching $196 million on the 15th of December and $58 million on the next day. Long’s liquidation dominated, reaching $213 million over this period. 

Source: CoinGlass

On-chain trackers also flagged individual wipeouts during the drawdown.

According to Onchain Lens, trader Machi Big Brother suffered another forced liquidation on a 25x SETH long. The event marked his tenth liquidation in recent weeks.

Since the 10th of October market crash, the account recorded over 200 liquidations, with losses surpassing $22.9 million. At the last update, the account balance stood at $53,178.

Momentum weakens as selling pressure builds
Price action reflected the growing stress across Derivatives markets. Ethereum fell sharply as cascading liquidations reinforced downside momentum.

That move pushed the Stochastic RSI deep into oversold territory, settling near 17 at press time.

Source: TradingView

Such readings typically reflected strong selling pressure and weak short-term momentum.

If liquidation pressure persisted, ETH could revisit the $2,700 region, where Parabolic SAR support previously emerged.

By contrast, any sustainable recovery likely required bulls to reclaim $3,000 decisively. Beyond that, upside targets remained capped near $3,436, where Parabolic SAR resistance last aligned.

Final Thoughts

Ethereum’s recent decline highlighted how leverage, rather than spot demand, shaped short-term price action.
While major whales remained insulated, broader futures markets showed little tolerance for drawdowns.

One of the cleaner tells in crypto is when the old supply decides it’s time. Not “made a quick 20% and clipped it” time — years old.

That’s basically what Glassnode researcher CryptoVizArt flagged after an XRP wallet aged roughly 5–7 years (with a cost basis around $0.40) realized more than $721.5 million in profit on Dec. 11.

A single wallet doesn’t “break” a market on its own. But the timing is the point: this wasn’t profit-taking into a rip. It landed while XRP was showing weakness right at the $2.0 key level.

CryptoVizArt wrote via X: “On December 11th, a 5-7 year old XRP wallet address (with a cost basis of $0.4) realized over $721.5M in profit! A rare sizable profit-taking while the price shows weakness right at the $2.0 key level.”

XRP Realized Profit by Age | Source: X @CryptoVizArt
What This Means For XRP Price
That $2 handle matters for the usual reasons — round number, obvious chart magnet, psychological line in the sand — but also because the market’s been treating it like a live wire lately. Since early December last year, the support zone between $2 and $1.90 has been tested endless times. XRP bulls always managed to close above the zone on the weekly timeframe.

So what does the $721M print mean? It’s a reminder that supply overhang isn’t theoretical. A 5–7 year wallet taking profits can be read as “de-risking,” sure. But in tape terms, it’s also distribution that the market has to absorb while price is already leaning. If bids are deep, it’s a shrug. If bids are thin, it turns $2 into a trapdoor.

And right now, “thin” is kind of the vibe across crypto, not just XRP.

CryptoVizArt’s broader framing from Dec. 13 is that the $80K–$90K Bitcoin consolidation is producing stress “comparable to late Jan 2022.” Via X, he wrote: “The current $80K–$90K consolidation range is generating a magnitude of stress comparable to late January 2022, with Relative Unrealized Loss approaching ~10% of market cap. This places the market in a regime where liquidity is constrained, and sensitivity to macro shocks is elevated, yet still below the levels typically associated with full bear-market capitulation.”

That backdrop matters because alts don’t trade in a vacuum. When the whole complex is jumpy, big sell events at key levels have more punch. Not because every XRP holder suddenly panics, but because market-makers and discretionary traders tend to pull risk at the same time. Spreads widen, depth thins, and “one-off” flows start to move price more than they should.

Still, it cuts both ways. A single, chunky realization can also be the market clearing a problem — old supply exiting, new demand stepping in, the kind of transfer that (eventually) makes a base sturdier. The trick is whether $2 holds while that handoff happens.

At press time, XRP was trading at $1.89, which could make Sunday’s weekly close another extremely important event.

XRP falls below key support zone, 1-week chart | Source: XRPUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

In brief
KindlyMD risks Nasdaq delisting as shares closed at $0.38, below the required $1 minimum.
The company must maintain a closing price of $1+ for at least 10 consecutive days by June 8, 2026 to regain compliance.
Troubles mounted after the Nakamoto merger, with unlocked shares in September and delayed Q3 earnings in November.
Bitcoin treasury company KindlyMD is at risk of being delisted from Nasdaq.

According to the exchange’s rule, the company has until June 8, 2026 to regain compliance. To do that, the company’s share price has to close at $1 or more for a minimum of 10 consecutive business days.

The company's shares—which trade on Nasdaq under the NAKA ticker—closed at $0.38 on Tuesday. The shares have consistently closed below $1 through October and November, with NAKA falling nearly 99% from its yearly peak price of $34.77.

The exchange has room to be more stringent.

“Nasdaq may, in its discretion, require the company to maintain such closing bid price for a period in excess of 10 consecutive business days, generally no more than 20 consecutive business days, before determining that the company has regained compliance,” Nasdaq wrote in its notice, which KindlyMD shared with investors through an SEC filing.

KindlyMD completed its merger with Nakamoto to establish a Bitcoin merger in August, with David Bailey as CEO of the combined company. But trouble really began brewing in September when previously restricted shares sold during the firm's $200 million fundraise were unlocked.

“For those shareholders who have come looking for a trade, I encourage you to exit,” Bailey said in a shareholder letter at the time. “This transition may represent a point of uncertainty for investors, and we look forward to emerging on the other side with alignment and conviction amongst our backers.”

The company saw more trouble in November, when it had to delay its Q3 earnings report, citing complex accounting from its Nakamoto merger.

KindlyMD currently holds 5,398 BTC worth $474 million at today's prices, according to Bitcoin Treasuries. Meanwhile, the company's market capitalization has dropped to $256 million.

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Journalist

Posted: December 17, 2025

XRP has recorded yet another day of positive ETF inflows, extending a streak that began shortly after the product launched. 

New data from SoSoValue shows $10.89 million in fresh inflows today, pushing total net assets to $1.12 billion, even as XRP’s price continues to trend downward.

This divergence between ETF demand and spot market weakness raises the question: Is institutional accumulation quietly setting the stage for a reversal?

Institutional demand rises as XRP ETF AUM climbs
The SoSoValue chart shows a clear pattern:

Consistent green inflow bars since mid-November
A steady climb in ETF AUM, now above the $1.1 billion mark
No major outflow days since launch

Even during broader market volatility, the XRP ETF has attracted buyers daily. This is a sign that institutional allocators may view current prices as favorable entry points.

Source: SosoValue

If this trend continues, the ETF could become a stabilizing force for XRP’s market structure, similar to how Bitcoin ETFs behaved during their early launch phase.

XRP price still sliding, but momentum shows signs of exhaustion
On the price front, XRP remains under pressure. The chart from TradingView shows:

XRP trading near $1.92, down more than 40% from its yearly peak
A persistent downtrend stretching from early November
Lower lows and lower highs across the daily timeframe

However, the MACD indicator suggests weakening bearish momentum.

The histogram has begun to flatten, while the MACD and signal lines are headed toward a potential bullish crossover — a pattern often associated with trend reversals.

Source: TradingView

This suggests that although sellers remain active, the intensity of the downtrend may be diminishing.

ETF inflows vs. retail selling: a familiar pattern?
Historically, strong ETF inflows during price weakness can indicate:

Institutions accumulating on discount
Retail-driven selloffs nearing exhaustion
A potential bottom formation in progress

While this setup does not guarantee an immediate rebound, past market cycles show that when ETF flows and price diverge, price often catches up later.

XRP’s current structure fits that profile:

Funds are buying the dip, not fleeing
Retail sentiment remains weak
Momentum indicators are stabilizing

If inflows continue at this pace, they may eventually place upward pressure on the spot market.

Key levels to watch

Support: $1.85 — losing this level exposes $1.70
Resistance: $2.05 — a key reclaim level for trend strength
ETF threshold: Sustained inflows above ~$15M/day could trigger stronger directional moves

Final Thoughts

XRP ETF inflows continue to build despite falling prices, creating a clear divergence worth monitoring.
Momentum indicators suggest the selloff is weakening, but confirmation rests on reclaiming key price levels.

XRP (XRP) is facing renewed downside pressure as derivatives activity and onchain positioning continue to weaken across December. These signals point to a market still in risk-off mode, even as price hovers near a key technical support around $2.00.

Key takeaways:

XRP futures taker buy volume on Binance has decreased by 95.7% since July, indicating a decline in demand.

XRP’s Estimated Leverage Ratio (ELR) has fallen to 0.18, reflecting widespread deleveraging and reduced speculative risk.

Retail, mid-size and large wallets all show negative cumulative volume delta through December, confirming broad-based selling pressure.

XRP one-day chart. Source: Cointelegraph/TradingViewXRP futures demand collapses as liquidity dries upData from CryptoQuant noted that XRP’s futures taker buy volume on Binance peaked above $5.8 billion in July but has since fallen to roughly $250 million, a decline of nearly 96%. This collapse highlighted a severe contraction in buying pressure, not just for XRP but across the broader altcoin market. 

XRP ledger taker buys volume on Binance. Source: CryptoQuantThe taker buy-sell ratio has remained negative for most of this period, indicating that sellers have consistently dominated XRP derivatives flow. With liquidations accumulating and confidence still fragile after the Oct. 10 event, the lack of sustained bid-side activity suggests that downside risks remain elevated. Even ETF-related optimism has failed to materially revive demand.

XRP leveraged positions reset with strong market de-riskingBinance data shows XRP’s Estimated Leverage Ratio declining to about 0.18, one of the lowest readings of the current cycle, coinciding with price slipping from above $3.00 toward the $2.00 level. This drop suggests traders have actively reduced or closed leveraged positions, a reaction to the prolonged market dip.

XRP ledger estimated leverage ratio. Source: CryptoQuantWhile lower leverage reduces the risk of cascade liquidations, it also reflects subdued speculative interest. Such environments mark transitional phases where markets rebalance before establishing a clearer directional trend. 

Profit-taking and wallet data indicate blank order booksGlassnode senior researcher CryptoVizArt reported that on Dec. 11, a 5- to 7-year-old XRP wallet with a cost basis of $0.40 realized over $721.5 million in profit, which is a large-scale distribution event occurring as the price weakened at the $2.00 level.

Order-flow data from Hyblock Capital reinforced this bearish context. XRP’s cumulative volume delta for December is negative across all participant classes: retail wallets ($0–$10,000) at -$8.68 million, mid-size wallets ($10,000–$100,000) at -$6.89 million and large wallets ($100,000–$10 million) at -$34 million. The data shows consistent net selling, with no cohort exhibiting sustained buying pressure.

XRP four-hour chart volume delta cumulative. Source: Hyblock CapitalOverall, XRP remains in a low-demand, low-leverage environment, with data indicating consolidation or further downside unless liquidity conditions improve materially.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

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The yen carry trade unwind has been hovering over markets lately — the kind of “plumbing” story that most people ignore right up until volatility spikes and everything suddenly feels connected. Graham Stephan put it into a Bitcoin and crypto-friendly frame yesterday.

In a Dec. 15 post, the popular YouTuber described the yen carry trade as Wall Street’s long-running “infinite money glitch” — and argued it’s breaking down just as the Fed is signaling a shift in its outlook for next year. “Wall Street found an ‘infinite money’ glitch 20 years ago. They called it the Yen Carry Trade. It just broke, right when the Fed announced its plans for next year,” Stephan wrote.

What The Yen Carry Trade Unwind Means For Bitcoin

He presented it as a straightforward trade that scaled because the size was big enough to matter. “For decades, the ‘Yen Carry Trade’ has been the secret engine behind global liquidity. The mechanics were simple enough that a child could understand them, but profitable enough to move trillions of dollars.”

Stephan then laid out the basic steps in plain English: borrow cheaply in Japan, rotate into higher-yield US assets, keep the spread. “Borrow Cheap: Investors borrowed money in Japan, where interest rates were effectively 0%… Invest Abroad: They took that ‘free money’ and bought US Treasuries paying 4-5%… Profit: They pocketed the difference without using any of their own money.”

His argument is that the setup turns toxic when the rate differential compresses and the currency leg moves the wrong way. He framed the timing as especially awkward for risk assets: Japan tightening to support the yen while the Fed eases. “Japan is finally raising rates to save its own currency right at the time when the Fed has started slashing rates. The gap between the rates is getting squeezed. The ‘free money’ isn’t free anymore.”

From there, he leaned into the mechanical consequence: when funding gets more expensive and the currency shifts, leveraged positions don’t get a long debate window — they get cut. “As Japanese rates rise, that trade flips. Investors are now being forced to sell their US assets to pay back their Yen loans. Instead of money flowing into the US markets, it is being sucked out to pay debts in Tokyo. This is a massive liquidity drain happening right under our noses.”

That’s also where his Bitcoin read comes in. Not “Bitcoin is broken,” but that Bitcoin is where risk appetite and leverage tend to show up early — and where forced selling can look brutal when it hits.

Stephan expanded on the same theme in a Substack post, pulling the Fed into the timeline more directly and warning readers to brace for turbulence. “You better get ready for a bumpy ride,” he wrote, claiming the Fed cut rates “for the third time this year,” and that the central bank “has officially ended ‘Quantitative Tightening’ and is quietly moving back toward printing money.”

He added a “pilot flying blind” angle as well, arguing the Fed cut “without any inflation data whatsoever” due to shutdown-related disruptions. He attached a specific interpretation of balance-sheet policy, too: “Finally, the most important news of the day: Quantitative Tightening (QT) is over… They even announced they will buy $40 billion of Treasuries over the next 30 days. The tightening era is dead. The ‘stimulus’ era is now being rebooted, and the money printer is being turned on.”

Taken together, his thesis ends up with Bitcoin sitting between two forces that don’t necessarily move on the same clock: a potentially sharp deleveraging impulse from carry unwinds, and a slower easing impulse if policy conditions loosen. One can hit price violently in a short window; the other can take time to express itself cleanly.

Stephan closed with a familiar Bitcoin-with-training-wheels framing: volatility is normal, drawdowns happen, and mining economics create a reference point. “Bitcoin isn’t broken. It’s just volatile, and this isn’t the first time this is happening. Statistically, Bitcoin has seen drastic crashes of 50% or more, but it has never dropped below its “electrical cost” (the cost to mine one coin), which sits around $71,000 today. If we get close to that number, history suggests it’s a strong buy zone,” he concluded.

At press time, BTC traded at $87,082.

Bitcoin still hovers between the 0.618 and 0.786 Fib, 1-week chart | Source: BTCUSDT on TradingView.com
Featured image created with DALL.E, chart from TradingView.com

Key NotesYZi Labs backs the new platform using UMA's Optimistic Oracle for dispute resolution and fast settlement verification on-chain.Prediction markets hit $28 billion in 2025 volume with weekly peaks above $2.5 billion as mainstream exchanges enter the sector.Probable integrates with PancakeSwap's existing DeFi ecosystem to compete against established platforms like Polymarket and Kalshi.
PancakeSwap has introduced “Probable”, a new on-chain prediction market on BNB Chain incubated within its ecosystem and supported by YZi Labs, formerly Binance Labs, marking the DEX’s latest attempt to broaden beyond spot trading and liquid staking.

The platform was announced on December 16, 2025, and will offer zero trading fees at launch to draw early users in an increasingly competitive sector. Probable will allow traders to speculate on outcomes tied to crypto assets, global events, sports, and regional markets, while using UMA’s Optimistic Oracle to settle markets and verify results on-chain.

Excited to incubate @0xProbable with @PancakeSwap.

A sleek, zero-fee prediction market launching on @BNBCHAIN.

One of 2025’s hottest consumer crypto sectors just welcomed a strong new player.

Why this matters 🧵👇 https://t.co/4RVJnKJGXu

— YZi Labs (@yzilabs) December 16, 2025

How Probable is Positioned
Probable will launch as a fully on-chain prediction venue exclusive on BNB Chain, with markets quoted in stablecoins and settlement handled by UMA, aiming to minimize disputes while maintaining fast resolution times.

PancakeSwap notes that Probable will integrate with its existing interface and user base, giving it access to one of the largest DeFi communities on BNB Chain and creating new sources of activity alongside perpetuals, staking, and launchpad products.

All these features are intended to compete with existing prediction markets such as Polymarket and Kalshi, both of which are seeing significant partnerships and funding in 2025.

Prediction Markets Surge in 2025
Crypto prediction markets have expanded sharply in 2025 as new platforms challenge early incumbents such as Polymarket and extend beyond purely crypto-native topics.

Sector data shared by YZi Labs cites more than $28 billion in year-to-date volume for 2025, with weekly peaks above $2.5 billion and monthly highs near $10 billion, underscoring how event-based trading has become a visible DeFi segment rather than a niche product.

Monthly volume of prediction markets. Source: Keyrock

Traditional crypto exchanges, such as Coinbase, Gemini, Crypto.com, and others, and large fintechs have also entered the market, launching licensed YES/NO-style products and integrated prediction interfaces that link to stablecoin rails. Analysts tracking the space project said that on-chain prediction infrastructure could support a broader derivatives market, potentially reaching tens of billions in open interest over the next decade if current usage holds.

Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.

Cryptocurrency News, News

José Rafael Peña Gholam is a cryptocurrency journalist and editor with 9 years of experience in the industry. He wrote at top outlets like CriptoNoticias, BeInCrypto, and CoinDesk. Specializing in Bitcoin, blockchain, and Web3, he creates news, analysis, and educational content for global audiences in both Spanish and English.

José Rafael Peña Gholam on LinkedIn

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Bitcoin may revisit the $10,000 level, according to Bloomberg Intelligence strategist Mike McGlone. He links the risk to fading demand drivers and reduced buying capacity. His view centers on capital timing, ownership concentration, and the absence of steady replacement demand at current prices.

In an X post, McGlone says Bitcoin’s major price advances have followed clear accumulation phases. Large buyers entered early and absorbed available supply. That process lifted prices without requiring constant inflows from new participants. Once those phases ended, price support weakened.

Bitcoin’s 2020 Rally Was Demand-Driven
McGlone noted that Bitcoin was last at the $10,000 range in 2020. That was when heavy corporate buying began. Michael Saylor and a handful of companies were buying Bitcoin Their buying diminished the availability of funds at that moment and contributed to a broader rise in prices.

The higher it went, the more late buyers popped up. These people bought at even higher levels. The activity of these participants was reversed with price momentum as opposed to creating fresh demand. The rally went on as the selling pressure was light then.

A second bump followed the approval of spot Bitcoin exchange-traded funds. Those products helped traditional investors gain access. Significant sums of capital came through regulated means. According to McGlone, the inflow achieved its goal of supporting higher prices.

That support has since weakened. The pace of inflows has waned following the initial rush. And corporate balance sheet growth came to a standstill as well. The early holders still control a large percentage of the Bitcoin supply. A lot of them have big unrealized profits and that can turn into selling in a market panic.

Market Structure Signals a Potential BTC Reset
McGlone also cites structural shifts in the crypto market. About 28 million cryptocurrencies are now tracked by CoinMarketCap. Bitcoin once stood alone. Capital allocation is now fragmented. Funds dispersed over thousands of assets rather than consolidated in Bitcoin.

The strategist sizes this environment up to the equity markets pre-2007. Tightening conditions notwithstanding, prices stayed high. So when buyers run out of folks to replace in a selling position, declines ensue. Bitcoin now exhibits that same aspect, McGlone says.

Source: X
Michael Saylor’s stance doesn’t alter that trajectory, McGlone said. Roughly 671,268 Bitcoin are held on the balance sheet of Michael Saylor’s Strategy. The average purchase price is close to $74,978. That capital has already been deployed and is unable to serve as a new base of buying support.

For his part, McGlone insists he’s not just being sentimental or ideological. It has to do with supply and demand and the timing of these capital flow. And in that context, he sees $10,000 as a possible reset level.

TL;DR:

Starting today, OpenSea allows the use of $POWER to acquire digital assets without prior conversions.
The $POWER token is generated through gameplay in prominent titles such as the RPG Fableborne.
The alliance with Power Protocol boosts interoperability and liquidity for gaming assets.

A historic shift has arrived in the digital asset market. OpenSea and Power Protocol have teamed up to enable the use of this native asset. It was reported that starting December 16, users will be able to buy NFTs with POWER tokens directly from the marketplace, marking a significant achievement for the utility of video game rewards.

With this alliance, players will no longer need to convert their earnings into traditional cryptocurrencies like ETH or USDC. Now, the value accumulated during gaming sessions in titles like Fableborne will flow organically into the global digital economy. This allows gamers to reinvest their efforts into digital art or onchain utilities.

The Impact of Power Protocol on Onchain Payments
The Power Protocol infrastructure, developed by Pixion Games, was designed so that value generated in gaming does not remain trapped in closed ecosystems. Kam Punia, CEO of Pixion, stated that this collaboration with OpenSea is the realization of a vision where playtime has real purchasing power in open markets.

When users buy NFTs with POWER tokens, they are validating a much more efficient and attractive “play-to-own” model.

Oliver Maroney, Head of Business Development at OpenSea, highlighted that this initiative responds to the demand for payment flexibility. The platform seeks to offer a 100% onchain experience, where tokens born in gaming communities hold the same relevance as established financial assets.

In summary, this alliance especially favors creators, who can now access a massive audience of players with immediate liquidity. For the collector, the option to buy NFTs with POWER tokens represents a new frontier of financial freedom within Web3.

Backed by networks such as Ethereum, Polygon, and Solana, OpenSea reaffirms its leadership by integrating solutions that connect the fun of Fableborne with high-level collecting, consolidating a truly interconnected digital economy.

MicroStrategy’s latest Bitcoin buy has quickly come under scrutiny. Just one day after the firm disclosed a major purchase, Bitcoin fell sharply.

On December 14, MicroStrategy announced it had acquired 10,645 BTC for roughly $980.3 million, paying an average price of $92,098 per coin. At the time, Bitcoin was trading near local highs.

Sponsored

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A Poorly Timed Buy, At Least in the Short TermThe timing was unfortunate. Only a day after Strategy’s reported purchase, Bitcoin had dropped toward the $85,000 range, briefly trading even lower. At the time of writing BTC remains below $80,000.

Bitcoin’s decline came amid a broader macro-driven sell-off, fueled by Bank of Japan rate-hike fears, leverage liquidations, and market-maker de-risking. MicroStrategy’s purchase landed just ahead of that cascade.

Bitcoin’s Price Drop Was Driven by Liquidations — Not Spot Selling

“In this context, the current move should be viewed less as a collapse in fundamental demand and more as a structural deleveraging event.” – By @xwinfinance pic.twitter.com/i1DSrt2Ttw

— CryptoQuant.com (@cryptoquant_com) December 16, 2025
As Bitcoin slid, MicroStrategy shares fell sharply. Over the past five trading days, the stock dropped more than 25%, significantly underperforming Bitcoin itself.

While shares saw a modest rebound today, they remain far below levels seen before the purchase announcement.

MSTR Stock Prices Over The Past Week. Source: Google FinanceSponsored

Sponsored

The Numbers Behind the ConcernAs of now, MicroStrategy holds 671,268 BTC, acquired for approximately $50.33 billion at an average price of $74,972 per coin.

On a long-term basis, the firm remains deeply in profit.

However, short-term optics matter. With Bitcoin near $85,000, the latest tranche is already underwater on paper.

MicroStrategy’s mNAV currently sits around 1.11, meaning the stock trades only about 11% above the value of its Bitcoin holdings. That premium has compressed rapidly as Bitcoin fell and equity investors reassessed risk.

MicroStrategy mNAV. Source: Saylor TrackerSponsored

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Why the Market Reacted So HarshlyInvestors are not questioning MicroStrategy’s Bitcoin thesis. They are questioning timing and risk management.

The macro risks that triggered Bitcoin’s drop were well telegraphed. Markets had been warning about the Bank of Japan’s potential rate hike and the threat to the yen carry trade for weeks.

Bitcoin has historically sold off aggressively around BOJ tightening cycles. This time was no different.

Critics argue MicroStrategy failed to wait for macro clarity. The firm appeared to buy aggressively near resistance, just as global liquidity conditions tightened.

🚨 JAPAN WILL CRASH BITCOIN IN 5 DAYS!!!

People are seriously underestimating what Japan is about to do to Bitcoin.

The Bank of Japan is expected to raise rates again on Dec 19.

That might not sound like a big deal… until you remember one thing:

Japan is the largest holder… pic.twitter.com/0a9Aimfn88

— NoLimit (@NoLimitGains) December 14, 2025
Sponsored

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Was It Actually a Mistake?That depends on the timeframe.

From a trading perspective, the purchase looks poorly timed. Bitcoin fell immediately, and the stock suffered amplified losses due to leverage, sentiment, and shrinking NAV premium.

From a strategy perspective, MicroStrategy has never aimed to time bottoms. The company continues to frame its purchases around long-term accumulation, not short-term price optimization.

CEO Michael Saylor has repeatedly argued that owning more Bitcoin matters more than entry precision.

The real risk is not the purchase itself. It is what happens next.

If Bitcoin stabilizes and macro pressure eases, MicroStrategy’s latest buy will fade into its long-term cost basis. If Bitcoin drops further, however, the decision will remain a focal point for critics.

MicroStrategy may not have made the worst Bitcoin purchase of 2025. But it may have made the most uncomfortable one.

World Liberty Financial (WLFI), the crypto venture majority-controlled by the family of President Donald Trump, has announced the expansion of its USD1 stablecoin onto the Canton Network, a move that is being widely touted as an aggressive expansion because of how it shifts USD1 from general retail blockchains into a network deliberately designed for regulated institutional finance. 

This comes after the Abu Dhabi investment firm MGX  made a significant $2 billion investment into Binance, fully completed using the USD1 stablecoin, and Binance introduced USD1 trading pairs for popular tokens, including BNB, ETH, and SOL

USD1 enters Cantor Network
The USD1 stablecoin is regarded as one of the fastest-growing digital dollar stablecoins, with its $2.7 billion market capitalization. The fully reserved, 1:1 redeemable digital asset is backed entirely by short-term U.S. government treasuries, U.S. dollar deposits, and other cash equivalents. 

As earlier stated, the decision to launch USD1 on the Canton Network highlights WLFI’s aim to expand the stablecoin’s capabilities into a regulated, interoperable ecosystem designed for global finance. 

Unlike regular blockchains, Canton boasts an architecture that allows institutions to settle tokenized assets and stablecoins with privacy, control, and compliance, enabling a wide range of high-value financial use cases. 

Some of those use cases include collateralization for derivatives and institutional lending, instant, cross-border payments with 24/7 settlement, on-chain asset issuance, funding, and redemption, as well as interoperable on-chain financing across institutions and markets. 

“Institutions around the world, from sovereign entities to global asset managers, are looking for a trusted and purely digital U.S. dollar,” said Zak Folkman, Co-Founder and Chief Operating Officer of World Liberty Financial.

According to Folkman, the intention to deploy USD1 on Canton will not only allow regulated institutions to transact securely and privately but also do so while leveraging the programmability and efficiency of blockchain technology. 

“Canton’s institutional-grade infrastructure creates an ideal foundation for real-world digital dollar settlement,” Folkman added. 

“WLFI’s move to bring USD1 to Canton highlights the growing demand for compliant, interoperable digital assets within institutional markets,” said Melvis Langyintuo, Executive Director of the Canton Foundation. “Canton’s privacy-first architecture enables stablecoins like USD1 to power next-generation financial applications, from intraday repo to digital bond settlement, without compromising regulatory requirements.”

Binance added new USD1 trading pairs 
The recent development regarding WLFI comes days after Binance, the world’s largest cryptocurrency exchange, announced that users can now trade tokens like BNB, ETH, and SOL using USD1 trading pairs.

Last week, the exchange revealed plans to bring USD1 “into several of the platform’s most active spot markets.” It also said that within the week, it would be converting all collateral assets backing Binance-Peg BUSD (B-Token) into USD1 at a 1:1 ratio.

“The transition means USD1 will become an integral part of Binance’s updated collateral structure, further embedding the stablecoin within the exchange’s ecosystem,” World Liberty said in a statement.

Currently, there are about $2.8 billion worth of USD1 in circulation, according to DeFiLlama data. Much of the supply originates from the Abu Dhabi investment firm MGX’s decision to use USD1, earlier this year, to make a $2 billion investment into Binance.

“Binance’s expansion of USD1 marks an important moment in WLFI’s effort to make digital US dollar stablecoins available to people everywhere,” World Liberty CEO and co-founder Zach Witkoff said in a statement. “By integrating USD1 into liquidity, trading, and collateral systems on the world’s largest exchange, Binance is giving hundreds of millions of users improved access to USD1.”

Want your project in front of crypto’s top minds? Feature it in our next industry report, where data meets impact.

57 minutes ago

With the US Senate set to break for the holidays, Senator Elizabeth Warren asked Justice and Treasury Department officials to disclose any potential investigations into the DeFi platform.

US Senator Elizabeth Warren, one of the more outspoken voices against digital assets in Congress, is calling for answers from Justice Department and Treasury Department officials about a potential investigation into decentralized crypto exchanges, citing concerns over PancakeSwap and Uniswap. 

In a Monday letter to Treasury Secretary Scott Bessent and US Attorney General Pam Bondi, Warren asked whether their respective departments were “investigating significant national security risks posed by decentralized cryptocurrency exchanges like PancakeSwap.”

The Massachusetts senator raised concerns about “improper political influence” from the Trump administration over the selective enforcement of crypto companies and reports of money laundering tied to North Korea, asking for a response by Jan. 12.

“As Congress considers crypto market structure legislation—including rules to prevent terrorists, criminals, and rogue states from exploiting decentralized finance (DeFi) to fund their activities—it is critical to understand whether you are seriously investigating these risks,” Warren wrote to Bessent and Bondi, adding:

“The public deserves to know whether you are investigating the serious risks identified by national security experts and the crypto industry itself.” Monday letter from Senator Elizabeth Warren. Source: Senate Banking CommitteeWarren’s letter came as the US Senate prepared to wind down activities before the chamber broke for the holidays. Some Republicans on the Banking Committee had expected to address the digital market structure bill, known as the Responsible Financial Innovation Act, before the end of the year. However, Chair Tim Scott confirmed on Monday that a markup hearing on the legislation had been pushed to 2026.

The Massachusetts senator also raised concerns over reports that PancakeSwap had been “drumming up interest among traders to use coins issued by the Trump family’s main crypto company, World Liberty Financial.”

Some Senate Democrats have raised concerns about the US president’s potential influence and conflicts of interest regarding the legislation, given his and his family’s ties to the crypto industry.

XRP lawyer who challenged Warren in 2024 will run againJohn Deaton, the lawyer who ran against Warren in the 2024 US election, is making another bid for Congress. Deaton has been an advocate for XRP (XRP) holders in court, emerging as a prominent figure in the cryptocurrency industry over the past few years.

In November, he announced that he would run as a Republican for the US Senate again in 2026. Warren is not up for reelection next year, so Deaton will be attempting to unseat Democratic Senator Ed Markey.

Magazine: When privacy and AML laws conflict: Crypto projects’ impossible choice

We can quibble over the exact timeline, but the quantum future is an approaching certainty, argues Arpa Network CEO Felix Xu. The time to act is now, while we still can. Dec 16, 2025, 8:45 p.m.

As quantum computing researchers celebrate breakthrough after breakthrough, Web3’s $4-trillion asset base faces a ticking time bomb. Last December, Google announced that their quantum Willow chip performed a computation in less than five minutes that would have taken a state-of-the-art super computer ten septillion years (about 100 trillion times longer than our universe is old). Drug discovery, materials science, financial modeling, and optimization problems of all kinds will enter a golden age thanks to quantum. But most modern encryption, which relies on math puzzles that are functionally impossible for a classical computer to solve, could be cracked instantly by quantum.

STORY CONTINUES BELOW

In Web3, adversaries are already collecting encrypted blockchain data to crack later, when quantum comes of age. An investment in crypto is, in essence, an investment in the integrity of cryptography, which quantum computing directly threatens.

Fortunately, researchers have demonstrated that specialized zero-knowledge (ZK) cryptography can help quantum-proof the industry’s most valuable blockchains, ensuring Web3 can reap the benefits of quantum — from new antibiotics to hyper-optimized supply chains — while insulating it from the dangers.

The quantum advantageOn Oct. 22, Google published verifiable results in Nature demonstrating its quantum chip is “useful in learning the structure of systems in nature, from molecules to magnets to black holes, [running] 13,000 times faster than the best classical algorithm on one of the world’s fastest supercomputers.” What’s astonishing about these results is they were not based on a contrived benchmark, like the earlier example, but on applied problems with direct scientific benefits.

Despite quantum’s evident bounty to human knowledge, it poses an undeniable threat to cryptography in general and the nearly $4-trillion digital asset base in particular. The Human Rights Foundation published a report showing over six million BTC are in early, “quantum vulnerable” account types, including Satoshi’s dormant 1.1 million BTC. These will likely be the first “Q Day” (the day when quantum becomes powerful enough to break public-key encryption) casualties.

Both Ethereum and Bitcoin rely on Elliptic Curve Digital Signature Algorithm (ECDSA), which is famously vulnerable to “Shor’s algorithm,” a quantum algorithm designed in the 1990s for rapidly calculating the prime factors of large integers, a problem otherwise completely intractable for classical computers. It’s even theoretically possible that quantum has already broken Bitcoin; we just haven’t realized it yet.

And yet, many researchers have poo-pooed the threat. Jameson Lopp of cypherpunk fame posted on X that “the fear and uncertainty about quantum computing may very well be a greater threat than quantum computing itself.” In other words, the only thing we have to fear is fear itself. But no matter who you ask, the quantum threat is non-zero. Vitalik Buterin puts the chance of quantum breaking Ethereum at 20% by 2030. And that means we have to be prepared.

The timeline matters — a lot. Harvest now, decrypt later, moves the timeline up much earlier. Potential attackers (including nation states and hacker groups) are stockpiling encrypted blockchain data–from wallet backups to exchange custody data–to crack when quantum comes of age. Every transaction broadcast to the network, every public key exposed, becomes ammunition for future attacks. The window for implementing quantum-resistant cryptography narrows with each passing quarter.

Enter zero-knowledgeThe beauty of zero-knowledge (ZK) cryptography lies in its elegance and simplicity. A prover can convince a verifier that something is true without revealing any information beyond the validity itself. As ZK technology has matured, proof times have fallen from hours to seconds, while proof sizes have shrunk from megabytes to kilobytes. The computational cost for AI in particular remains high, limiting its usefulness to high-stakes environments like Web3, traditional banking and defense.

Zero-knowledge and quantumAt first glance, it may not be obvious how zero-knowledge technology can protect blockchains from quantum attacks. Zero-knowledge proofs are privacy tools, a way to prove something is true without revealing any underlying information. But the same privacy-preserving techniques can also be built on top of quantum-resistant math, turning ZK into a broad shield for blockchains. Hash-based proofs (using zk-STARKs) and lattice-based proofs, built on problems that even powerful quantum machines struggle with, don't rely on quantum-vulnerable elliptic curves.

But quantum-resistant ZK proofs are larger and heavier than today’s versions. That makes them harder to store and more expensive to verify on blockchains with tight space limits. But the benefit is enormous: they offer a path to protect billions of on-chain assets without needing an immediate, risky overhaul of the base protocol.

In other words, ZK gives blockchains a flexible upgrade path. Instead of ripping out their entire signature system overnight, networks could gradually add quantum-safe ZK proofs to transactions — allowing old and new cryptography to coexist during the transition period.

The quantum benefit to Web3Today’s computers can only fake randomness. They use formulas to generate “random” numbers, but those numbers are ultimately produced by a predictable process. That means parts of a blockchain system — like choosing which validator gets to propose the next block, or determining the winner of a decentralized lottery — can be subtly influenced to the financial benefit of bad actors. But earlier this year, quantum researchers achieved a remarkable milestone: certified randomness.

Quantum systems leverage natural, unpredictable phenomena such as the spin of a photon or the decay of a particle. This is genuine, unforgeable randomness, something classical computers can’t provide.

For blockchains, this is a big deal. The Web3 ecosystem needs a public, quantum-powered randomness beacon to seed the core mechanisms that make blockchains tick. With quantum, we can build one that is fair, tamper-proof, and impossible to manipulate. A solution that would address long-standing flaws in decentralized lotteries and validator selection.

Here lies the question. Will Web3 get serious about quantum-resistant cryptography before quantum computers come of age? History suggests that base layer upgrades to large blockchain protocols can take years, in part due to the lack of central coordination inherent in decentralized systems. However, the industry cannot afford to wait for quantum to break ECDSA before taking action.

We can quibble over the exact timeline, but the quantum future is an approaching certainty. ZK can protect Web3 through this transition, turning quantum threats into quantum opportunities.

The time to act is now, while we still can.

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates.

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What to know:

As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.View Full Report

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Bitcoin Doesn’t Need Another Bull Run. It Needs An Economy

Dec 15, 2025

Bitcoin usage still skews toward long-term storage, as seen in how much BTC sits unmoved, says Terahash co-founder Hunter Rogers. But this behavior preserves individual wealth while starving the network.

Read full story

TL;DR

Bitcoin faces pressure from a global yen carry trade unwind.
Rising Japanese rates and Fed easing reverse years of leveraged inflows.
Bitcoin reacts early as liquidity drains from high-leverage risk assets.

Bitcoin traded under pressure as the yen carry trade unwind weighed on global markets and tightened liquidity across risk assets. The shift drew attention after analyst and content creator Graham Stephan framed the setup as a long-running source of funding now reversing direction amid changes in monetary policy.

In a Dec. 15 post, Stephan explained the yen carry trade as a simple, large-scale flow. Investors borrowed in Japan at near-zero rates, rotated capital into higher-yield U.S. assets, and captured the spread. Scale made the trade matter, channeling large sums into bonds, equities, and digital assets. Recent conditions altered the equation. Japan raised rates to support the yen, while the Federal Reserve signaled easing, compressing the margin that sustained the trade.

Liquidity drain reaches risk assets
When funding costs rise and the currency leg turns adverse, leveraged positions face forced cuts. Stephan argued the unwind compels selling of U.S. assets to repay yen-denominated liabilities, reversing years of inbound flows. The process acts as a liquidity drain across markets dependent on cheap financing.

Within that framework, Bitcoin often reflects shifts in risk appetite early. The asset attracts leverage during loose conditions and absorbs accelerated selling when funding tightens. Stephan emphasized mechanics over narratives, noting that forced deleveraging strikes the most liquid venues first. The crypto market fits that profile.

Stephan expanded the analysis in a Substack post, tying timing to signals from the Federal Reserve. He cited recent rate cuts and the end of balance-sheet runoff as factors reshaping expectations and lifting volatility during a transition period. The message pointed to uneven price action as capital adjusts between higher rates in Japan and looser conditions elsewhere.

The pullback in the yen carry trade underscores how cross-border funding flows influence the price of Bitcoin even without sector-specific news. As yen financing retreats and leverage compresses, Bitcoin responds to tighter liquidity and faster risk repricing. The episode reinforces a market rule: when financial plumbing shifts, impact surfaces first where risk concentrates.

Journalist

Posted: December 17, 2025

Pippin [PIPPIN] rallied another 32.3% in the past 24 hours, at press time. The performance was exceptional, considering Bitcoin [BTC] was down 3.96% and the total crypto market cap was down 4.13% during the same period.

PIPPIN bulls have been euphoric in recent weeks. Measured from the 21st of November, the autonomous AI agent and memecoin have rallied an immense 2,022%. A 20-fold price rally within a month, in these market conditions, is remarkable.

Especially when you consider that a whale who bought AI agent tokens on Base was forced to accept defeat and an 88.77% loss, highlighting the sector’s weakness.

The Open Interest (OI) behind the memecoin rose from $178 million on the 15th of December to $208 million at the time of writing. This 16.85% increase signaled strong bullish conviction.

A 61.8% daily trading volume boost was also encouraging for the bulls.

Even though OI rose, the Funding Rate was negative. This meant that a majority of the market was shorting the token, and the asset’s futures price was below its spot price.

In a post on X, the Evening Trader Group noted that the rally was primarily driven by whales accumulating a large chunk of the supply in a coordinated fashion.

This observation follows a previous case study where they showed that 93 wallets held 73% of the total supply in three well-defined clusters.

There were no indications of distribution or outflows. Instead, the synchronized activity pointed to structured accumulation rather than retail-driven flows, a development that left investors concerned.

Source: PIPPIN/USDT on TradingView

Another reason why holders can look to take profit is the rapid pace of the rally itself. Since the start of December, the price has made new higher highs, while the MFI indicator has made lower highs.

This was a persistent bearish divergence that could lead to a sizable drawdown. On the other hand, the OBV’s continued rise indicated buying pressure remained strong.

Overall, the whale supply accumulation and the swift rally meant that PIPPIN holders might want to book profits instead of holding through a deep retracement.

Final Thoughts

The pippin token has made staggering gains over the past month.
The coordinated whale accumulation could be a serious threat to retail PIPPIN holders enjoying the current price action.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion

Akashnath S is a Senior Journalist and Technical Analysis expert at AMBCrypto. He specializes in dissecting price action, identifying key market trends through advanced chart patterns, and forecasting both short-term and long-term asset trajectories.
His distinct analytical method is grounded in his academic training as a Chemical Engineer. This background provides him with a systematic, process-oriented approach to market data, enabling him to analyze the complex dynamics of financial markets with precision and objectivity.
Having actively covered the cryptocurrency space since the landmark 2017 market cycle, Akashnath possesses years of experience navigating both bull and bear markets. This seasoned perspective is critical to his insightful reporting on market volatility and evolution.
As an active market participant, Akashnath enhances his analysis with crucial, hands-on experience. This practical application of his technical skills ensures his insights are not merely theoretical, but are also relevant and actionable for an audience looking to understand and navigate trading opportunities. He is dedicated to educating readers on the nuances of technical analysis, empowering them with the knowledge to make more informed financial decisions.

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December 16, 2025 15:15 ET

 | Source:

Friedman Industries Inc.

LONGVIEW, Texas, Dec. 16, 2025 (GLOBE NEWSWIRE) -- The Board of Directors (the “Board”) of Friedman Industries, Incorporated, (NASDAQ/GS: FRD) a Texas-based company engaged in metals processing, pipe manufacturing, and metals distribution, declared on December 16, 2025, a cash dividend of $0.04 per share on the Common Stock of the Company. The Company will pay the cash dividend on February 13, 2026 to shareholders of record at the close of business on January 16, 2026. This dividend marks the Company’s 216th consecutive quarterly cash dividend since becoming publicly traded in 1972.

Dividends are declared at the discretion of the Board and reviewed on a quarterly basis. The Board’s desire is to pay a dividend at a level that it feels can be held stable for the foreseeable future and which may be increased periodically as the Company’s financial position and operations become supportive of a new amount that the Board believes is sustainable. The determination to pay cash dividends takes into account various factors, including our financial condition, operating results, current and anticipated cash needs and growth plans. While we have paid a dividend every quarter since becoming a public company in 1972 and currently intend to continue that practice, there is no guarantee that payments of dividends will always continue in the future.

For further information regarding this dividend, please contact Mr. Alex LaRue, Chief Financial Officer – Secretary and Treasurer at (903)758-3431.

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.

HomeStock IdeasLong IdeasIndustrial 

SummaryGenerac maintains a "Buy" rating despite recent underperformance and a disappointing Q3, with valuation now appearing attractive.GNRC’s growth hinges on accelerating data center demand, with management targeting $300 million in data center revenue in 2026 and $500 million+ in 2027.Residential generator demand remains weak, but C&I product sales rose 9%, and the data center backlog doubled sequentially to $300 million+.Technical analysis shows GNRC in a trading range, with support near $138 and resistance at $200–$203; momentum indicators warrant close monitoring. J. Michael Jones/iStock Editorial via Getty Images

Generac (GNRC) has lagged the SPDR Industrials Sector ETF (XLI) so far this year. In the YTD performance chart below, I plot GNRC, XLI, the SPDR S&P 500 ETF (SPY), and the equal-weight Consumer Discretionary fund (RSPD).

Generac has a

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.

Cardston, Alberta--(Newsfile Corp. - December 16, 2025) - Stinger Resources Inc. (CSE: STNG) (the "Company") announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 1,100,000 common shares of the Company pursuant to the Company's incentive share option plan. The options are exercisable for a period of 10 years at a price of $0.06 per share. The options, and any underlying common shares issued on exercise thereof, will have a hold period expiring April 17, 2026, in accordance with the policies of the CSE.

About Stinger Resources Inc.:

Stinger Resources holds interests in gold and silver properties in British Columbia, including the 100% owned past producing Dunwell Mine which is located near Stewart in the prolific "Golden Triangle."

The Company also holds a 100% interest in the Gold Hill property located in the headwaters of the Wild Horse River near Fort Steele.

In addition, Stinger Resources owns 100% of the Silver Side property, as well as an optioned interest in the Ample Goldmax property located in other areas of the Province of British Columbia.

Neither the Canadian Securities Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (within the meaning of applicable securities laws) which reflect the Company's current expectations regarding future events. Forward-looking statements are identified by words such as "believe", "anticipate", "project", "expect", "intend", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on a number of key expectations and assumptions made by the Company as of the date hereof. Although the forward-looking statements contained in this news release are based on what the Company's management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent with such statements.

The forward-looking statements in this news release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including those identified in the Company's most recent Management's Discussion and Analysis, which is available on SEDAR+ at www.sedarplus.ca. Readers, therefore, should not place undue reliance on any such forward-looking statements. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, The Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278236

Source: Stinger Resources Inc.

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, /PRNewswire/ -- Johnson Fistel, PLLP announces that a class action lawsuit has been filed on behalf of investors who purchased or otherwise acquired Firefly Aerospace Inc. (NASDAQ: FLY) securities pursuant and/or traceable to the Company's Offering Documents issued in connection with its initial public offering ("IPO") on August 7, 2025, and/or between August 7, 2025 and September 29, 2025, inclusive (the "Class Period"). The lawsuit seeks to recover losses for investors under the federal securities laws.

What if I purchased Firefly Aerospace securities?
If you purchased Firefly Aerospace securities during the Class Period and suffered losses, you have until January 12, 2026 to seek appointment as lead plaintiff. Investors who suffered significant losses and would like to discuss their rights, or to determine whether they qualify to participate in any potential recovery, should visit: https://www.johnsonfistel.com/investigations/firefly-aerospace-fly/

You may also contact James Baker at (619) 814-4471 or [email protected], or Frank J. Johnson, Esq. at [email protected] to discuss your options privately.

What is this case about?
The Firefly Aerospace class action lawsuit alleges that throughout the Class Period, defendants made false and misleading statements regarding the Company's business and prospects. Specifically, the complaint alleges that Firefly exaggerated demand for its Spacecraft Solutions division and misled investors about the commercial potential of its Alpha rocket. As a result, the Company's public statements were false and materially misleading throughout the Class Period.

About Johnson Fistel, PLLP:

Johnson Fistel, PLLP is a nationally recognized shareholder-rights law firm with offices in California, New York, Georgia, Idaho, and Colorado. The firm represents individual and institutional investors in securities class actions and shareholder-derivative litigation, including international investors trading on U.S. exchanges. In 2024, the firm was ranked among the Top 10 Plaintiff Law Firms by ISS Securities Class Action Services, recovering approximately $90.7 million for investors in cases where it served as lead or co-lead counsel.

Attorney Advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]

SOURCE Johnson Fistel, PLLP

Lead Plaintiff Deadline is January 9, 2026

, /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds purchasers or acquirers of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) ("Telix") American Depositary Shares ("ADS") between February 21, 2025 and August 28, 2025 (the "Class Period") have until January 9, 2026 to seek appointment as lead plaintiff. 

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Allegations:

The lawsuit alleges violations of the Securities Exchange Act of 1934, claiming that Telix and its executives:

Overstated progress on the company's prostate cancer therapeutic candidates.
Overstated the quality of its supply chain and partner operations.

Key Events:

On February 20, 2025, after market close, Telix held its earnings call for the 2024 fiscal year (the "2024 Call"). In the call, defendants represented that they were "making great progress across our therapeutic pipeline, notably in the late-stage assets being brain, kidney and, of course, our prostate cancer program which is now in Phase 3. And we have had some really exciting developments across the next generation pipeline including delivery of a clinical proof-of-concept for our prostate cancer alpha candidate. It has been a year of many acquisitions, and these are supporting the strategic expansion of our pipeline and the build out of our global product delivery or manufacturing infrastructure. So in short, the business looks very different to what it did a year ago and at the end of 2025 it will look very different again as a result of this great progress." 
 
On July 22, 2025, before the market opened, Telix filed with the United States Securities and Exchange Commission ("SEC") a current report on Form 6-K reporting that the SEC had issued a subpoena for documents and information relating to the Company's development of its prostate cancer therapeutic candidates. On July 22, 2025, after market close, Bloomberg published an article entitled "Telix Shares Drop as SEC Probes Disclosures Tied to Prostate Cancer Drug Pipeline." This article stated that "[Telix] slumped as much as 16%, the most in 21 months, after the Australian developer of radioactive drugs said it received a subpoena from the [SEC] seeking information about disclosures related to its prostate cancer therapeutic candidates." On this news, Telix ADSs fell $1.70 per ADS, or 10.4%, to close at $14.58 on July 23, 2025. The next day, Telix ADSs fell a further $0.69 per ADS, or 4.7%, to close at $13.89 on July 24, 2025.
 
On August 28, 2025, Telix posted an announcement on its website that the FDA had issued a Complete Response Letter for its renal cancer drug candidate requesting additional data. On this news, the price of Telix ADSs fell $1.95 per ADS, or 16.1%, to close at $10.15 on August 28, 2025. The next day, Telix ADSs fell a further $0.60 per ADS, or 5.9%, to close at $9.55 on August 29, 2025.

Why Wolf Haldenstein Adler Freeman & Herz LLP?:

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

Contact:

Phone: (800) 575-0735 or (212) 545-4774
Email: [email protected]
Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP

Lead Plaintiff Deadline is February 2, 2026

, /PRNewswire/ -- Wolf Haldenstein Adler Freeman & Herz LLP reminds purchasers or acquirers of Blue Owl Capital Inc. (NYSE: OWL) ("Blue Owl") that a federal securities class action has been filed on behalf of investors who purchased Blue Owl between February 6, 2025 and November 16, 2025, inclusive (the "Class Period"). Investors have until February 2, 2026 to seek appointment as lead plaintiff.

PLEASE CLICK HERE TO JOIN THE CASE AND SUBMIT CONTACT INFORMATION

Class action allegations

The filed complaint alleges that Blue Owl and certain executives made materially false and misleading statements and omissions during the class period regarding the company's business and liquidity, particularly as related to its business development companies (BDCs). Specifically, defendants allegedly failed to disclose:

Significant pressure on Blue Owl's asset base due to BDC redemptions
 
Resulting undisclosed liquidity constraints.
 
The likelihood that redemptions at certain BDCs would be limited or halted.
 
Those optimistic public statements about the company's operations and prospects lacked a reasonable basis considering these issues.

Key Events and Market Impact

October 30, 2025: Blue Owl reported Q3 2025 results that missed expectations, including lower-than-expected fee-related earnings and margins, and a 33% year-over-year decline in performance revenue. Shares fell approximately 4.2%.
 
November 5–6, 2025: Announcement of a proposed merger between Blue Owl Capital Corporation (OBDC) and OBDC II, including disclosure that OBDC II would not conduct further tender offers prior to the merger. Shares declined approximately 4.7%.
 
November 16–17, 2025: A Financial Times article reported that OBDC II investors could face a potential 20% reduction in value and that redemptions could be restricted until merger completion. Shares fell approximately 5.8%.
 
November 19, 2025: Blue Owl terminated the proposed merger, citing current market conditions.

Investor Deadlines

Lead Plaintiff Deadline: Investors have until FEBRUARY 2, 2026 to contact the firm to discuss how to become a lead plaintiff.

Why Wolf Haldenstein Adler Freeman & Herz LLP?:

This illustrious firm, founded in 1888, is steadfast in their pursuit of justice for investors who have suffered financial harm due to these misrepresented statements. The law firm brings to the fore over 125 years of legal expertise in securities litigation and has a proven track record of protecting the rights of investors.

We encourage all investors who have been affected or have information that will assist in our investigation, to contact Wolf Haldenstein Adler Freeman & Herz LLP.

Contact:

Phone: (800) 575-0735 or (212) 545-4774
Email: [email protected]
Contact Person: Gregory Stone, Director of Case and Financial Analysis

Firm Website: Wolf Haldenstein Adler Freeman & Herz LLP

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

SOURCE Wolf Haldenstein Adler Freeman & Herz LLP

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New York, New York--(Newsfile Corp. - December 16, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Alexandria Real Estate Equities, Inc. (NYSE: ARE) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Alexandria Real Estate, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/alexandria-real-estate-class-action-lawsuit.

Investors have until January 26, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Alexandria Real Estate securities. The case is pending in the U.S. District Court for the Central District of California and is captioned Hern v. Alexandria Real Estate Equities, Inc., et al., No. 2:25-cv- 11319.

Why is Alexandria Real Estate Being Sued for Securities Fraud?

Alexandria Real Estate is a real estate investment trust. Its tenants are concentrated in life science industries, such as pharmaceutical and biotechnology companies.

During the relevant period, Alexandria Real Estate touted its leasing volume and development pipeline, specifically regarding a property in Long Island City, New York, stating that leasing volume was "solid" and its pipeline was "well positioned to capture future demand when expansion needs arise."

As alleged, in truth, Alexandria Real Estate was experiencing lower occupancy rates and slower leasing activity such that it was required to take a real estate impairment charge of $323.9 million with $206 million attributed to its Long Island City property.

Why did Alexandria Real Estate's Stock Drop?

On October 27, 2025, Alexandria Real Estate announced results below expectations for 3Q 2025 and cut guidance for the remainder of the fiscal year. The company attributed the results to lower occupancy rates and slower leasing activity. It also announced a real estate impairment charge of $323.9 million with $206 million attributed to its Long Island City property, stating that the property was not a life science destination that could scale. Alexandria Real Estate also announced additional impairment charges that may be recognized in 4Q 25 ranging from $0 to $685 million. This news caused the price of Alexandria Real Estate stock to drop $14.93 per share, or more than 19%, from a closing price of $77.87 per share on October 27, 2025, to $62.94 per share on October 28, 2025.

Click here for more information: https://www.bfalaw.com/cases/alexandria-real-estate-class-action-lawsuit.

What Can You Do?

If you invested in Alexandria Real Estate you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/alexandria-real-estate-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/alexandria-real-estate-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/277901

Source: Bleichmar Fonti & Auld

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