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Monday, December 1

Noteworthy macro moves today: Bitcoin -5.1%. Ethereum -6.1%. US Dollar Index -0.4%. 

Global equity markets are trading lower amid concerns over disappointing economic data from China and ongoing volatility in cryptocurrency markets. Bitcoin and Ethereum are experiencing significant declines today of approximately -5% and -6%, respectively. The recent release of China's Non-Manufacturing PMI, which fell to its lowest level since December 2022 at 49.5, has raised alarms about the country's economic momentum.

In the U.S., equity indices are also down as traders react to expectations of a potential interest rate cut by the Federal Reserve. Market sentiment is influenced by dovish comments from Fed officials and upcoming economic data releases that could impact monetary policy decisions next week, including the ISM Manufacturing Index and construction spending figures scheduled for release at 10 AM ET today.

European stocks are following suit with losses across major indices as investors digest weak manufacturing data from both Germany and France, where PMIs indicated contractions in activity. This further contributes to a risk-off sentiment in global markets as traders assess the implications for future growth prospects amidst rising geopolitical tensions and inflationary pressures.

Ethereum (ETH/USD) [-6.2%]
Ethereum (ETH/USD) has seen a significant decline of over 6% today, coinciding with Bitcoin's drop of approximately 4.5%. This has led to Ethereum trading around $2,840. The broader cryptocurrency market is under pressure, as discussions on social media reflect concerns about its performance relative to equities like the S&P 500 and Nasdaq, which are nearing highs. Additionally, Bitcoin has been trading below its 200-day simple moving average for over a month, suggesting similar technical pressures on Ethereum. The recent volatility in the crypto market has been exacerbated by a sudden drop in Bitcoin during low-liquidity hours, highlighting structural issues related to thin liquidity and high leverage rather than fundamental market conditions. Meanwhile, Japan's two-year government bond yield has reached a 17-year high amid expectations of an interest rate hike by the Bank of Japan, potentially influencing sentiment across various financial markets.

iShares Silver Trust (SLV) [+2.0%]
iShares Silver Trust (SLV) has seen a notable price increase of 2.0% in pre-market trading, coinciding with significant movements in the silver market. On November 28, silver prices surged over 5% to $56 per ounce, marking the strongest single-day rally in more than a year, driven by tightening supplies and concerns over a global shortage. The Shanghai Futures Exchange reported a decline in silver on-warrant inventories to their lowest levels since 2015. Concurrently, China's silver exports reached record highs in October. Social media sentiment has turned bullish, with discussions highlighting SLV's best day in 13 months, alongside predictions of potential future price targets. Notably, silver is outperforming gold in the gold-silver ratio, and recent trading activity indicates upward momentum across precious metals.

CPNG | -5.0% | -2.4B
Coupang Inc | Broadline Retail
Coupang Inc. is currently facing considerable scrutiny due to a significant data breach that has compromised the personal information of approximately 33.7 million customer accounts in South Korea. This incident, which was first identified on November 18, revealed unauthorized access traced back to June 24 through overseas servers. Following the breach, CEO Park Dae-jun issued an apology acknowledging the inconvenience caused to customers. The fallout from this breach has led to a notable decline in the company's stock, which dropped significantly in pre-market trading on December 1, coinciding with the initiation of an investigation by South Korean police. Social media discussions have highlighted the scale of the breach and its implications for customer trust and data security, further impacting the stock's performance.

SNPS | +7.6% | +5.2B
Synopsys Inc | Application Software
Nvidia has announced a strategic partnership with Synopsys, investing $2 billion in common stock at a price of $414.79 per share. This collaboration aims to enhance design and engineering capabilities by integrating Nvidia's AI and accelerated computing technologies with Synopsys' engineering solutions. The focus will be on developing advanced workflows and digital twin solutions using Nvidia's CUDA-X libraries and AI-Physics technologies. Concurrently, social media discussions reflect a notable shift in sentiment regarding Synopsys, with commentary on its recent performance metrics and expectations surrounding potential benefits from a functional Intel. These factors appear to coincide with a significant increase in Synopsys' stock price since Friday.

XPEV | -3.0% | -1.2B
Xpeng Inc | Automobile Manufacturers
Xpeng Inc. reported vehicle deliveries of 36,728 electric vehicles for November 2025, reflecting a year-over-year increase. Cumulative deliveries from January to November reached 391,937 units, marking a significant growth compared to the previous year. Notably, overseas deliveries totaled 39,773 units, indicating strong international traction. However, social media conversations highlighted a month-over-month decline in deliveries of approximately 12.58%. This decline was noted alongside similar downturns for competitors Li Auto and Nio. Additionally, Nio experienced a decline of over 3%, which may correlate with Xpeng's recent price movement. The company's advancements in artificial intelligence were showcased at its AI Day event on November 5, with expectations for mass production in 2026. The XNGP autonomous driving system achieved notable user penetration rates for urban driving in November.

COIN | -4.4% | -2.8B
Coinbase Global Inc | Financial Exchanges & Data
Coinbase Global Inc. experienced a decline of 4.4% in pre-market trading on Monday, following a drop in Bitcoin prices, which fell by 5.39%. This movement coincided with recent social media discussions highlighting that Coinbase shares had previously rebounded from a 30% decline, trading at $276.39 after a notable investment from Cathie Wood's Ark Invest. Ark's $16.5 million acquisition on November 26 marked its largest purchase of Coinbase shares since August. Analysts noted mixed sentiment, with price targets ranging significantly and a recent downgrade to "hold" from Argus Research. Coinbase's financial metrics include a trailing P/E ratio of 22.90 and a profit margin of 43.66%. The company reported quarterly revenue of $1.87 billion, exceeding expectations, while its market capitalization stood at $74.058 billion as of November 28, 2025.

ACN | +3.3% | +5.8B
Accenture PLC | IT Consulting & Other Services
Accenture PLC has announced a significant collaboration with OpenAI, focusing on the integration of agentic AI systems into enterprise operations. This partnership will enable Accenture to equip tens of thousands of its professionals with ChatGPT Enterprise, enhancing its consulting and operational capabilities. A flagship AI program will be launched to facilitate the adoption of AI workflows across various sectors, including financial services, healthcare, public sector, and retail. The initiative aims to unlock new levels of innovation and efficiency for clients. Additionally, Accenture is set to assist OpenAI in scaling its business operations, reinforcing their strategic partnership. On social media, discussions have emerged about Accenture rebranding its employees as "reinventors" in a strategic shift to embrace advancements in AI technology.

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