Etherscan just shipped a tool that turns blockchain forensics from a dark art into something closer to a Google search. The new Etherscan Flow agent skill, part of the company’s Build with AI suite, lets AI agents and coding assistants trace, verify, and visualize onchain money flows across more than 60 EVM-compatible chains.
It got a real-world stress test almost immediately. Security researchers used Flow to map out exactly how the RedSonic Vault exploit unfolded around September 5, 2026, when an attacker used a flash loan to drain approximately 9.25 ETH, worth roughly $23,000, in a single transaction.
How Etherscan Flow actually works Think of Flow as a translation layer between raw blockchain data and human understanding. The tool queries Etherscan’s live API data and generates what the company calls a “Flow Case” file, a structured output that can be imported into etherscan.io/flow for visual examination.
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The practical upshot: instead of manually hopping between block explorers, contract calls, and wallet addresses to piece together what happened in a complex transaction, Flow does the legwork. It traces transactions and addresses, profiles entities like DAOs or protocols, and can even import documents to verify them against onchain records.
Released in late August 2026, the tool is designed to plug directly into AI agent workflows. That means developers building investigation tools, compliance bots, or security monitors can integrate Flow’s capabilities without rebuilding Etherscan’s entire data pipeline from scratch.
The RedSonic Vault exploit: a case study in real time The attack exploited a flaw in RedSonic’s permissionless registerErc20() function. In plain terms, the vault let anyone register new token types as collateral, and the attacker found a way to register stETH in a manner that allowed the same collateral to be counted twice.
With double-counted collateral, the attacker could borrow more than they should have been able to, then repay the flash loan and walk away with the difference. The entire sequence played out in a single transaction, hash 0xe3cba90e865c6cba950ebce36a52607f51f1fd33cd9fb920c78803f19b57791a.
Security researchers used Etherscan Flow to trace the attacker’s wallet (0x70f2333d21Ed7E7D105F6578227A9A747687982C) and the vault contract (0x4315990d9eeaffdfafd49958b4851f203fa1126f), mapping out each step of the exploit in a format that could be reviewed and shared.
Why better tooling matters for DeFi security Tools like Etherscan Flow don’t prevent exploits. They can’t patch a buggy smart contract or stop an attacker mid-transaction. What they do is dramatically lower the barrier to understanding what happened after the fact.
On-chain analytics firms like Chainalysis and Elliptic have built large businesses around transaction tracing, but their tools are primarily aimed at institutions and law enforcement. Etherscan Flow, by embedding tracing capabilities directly into developer workflows and AI agent frameworks, potentially democratizes access to this kind of analysis.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Broadcom stock reports third-quarter results after Wednesday’s close and has climbed 4% from last week’s low to $370.34.
Wall Street rates it a Strong Buy, with 25 buy ratings, three holds, and no sells, despite a major money flow warning.
Broadcom 2026 Price Path: BeInCryptoBroadcom shares still sit 23% below the record they set on June 2, up 7% this year, compared with 63% for the PHLX Semiconductor Index.
What Wall Street Expects From the StockThis is the season’s last big AI print, after 36 analysts backed Nvidia into its own results.
Analysts expect $29.241 billion of revenue and $3.215 in adjusted earnings.
$AVGO: The most crowded "custom chip relay trade" ahead of earnings.
Review of the previous trading session: AVGO ranked high in ticker mentions on X; the primary driver was not its gains last Friday, but the upcoming post-market earnings release on September 2. MRVL’s… pic.twitter.com/GcKVZuYvBy
— OwenCarter (@OwenCarter_k) September 1, 2026
Broadcom Analyst Split: BeInCryptoOne number undercuts the rest. In June, Broadcom told investors in its own second-quarter filing that it would make about $29.4 billion this quarter. Analysts are forecasting slightly less than the company promised.
That is the weak signal. Broadcom has beaten its own numbers eight quarters in a row, so analysts would normally forecast above the guide. This time they sit below it.
The growth explains why. Almost all of it now comes from AI chips, which earn Broadcom far less than its software business does.
AI will account for $16 billion of this quarter’s sales, 54% of the total, up from 49% last quarter, including OpenAI’s first custom processor.
Broadcom told investors it will still earn 67 cents of profit on every dollar of sales, the same as last quarter, while revenue jumps 84%. The company is getting much bigger without getting any more profitable.
Broadcom Earnings Reaction Record: BeInCryptoEven beating has not helped before. TipRanks data shows AVGO stock topping estimates every quarter since 2024 yet falling the next day four times, with an average move of 10.53% and a spread from a 13.01% fall to a 22.71% gain.
The reason sits in the ownership data.
Why Money Is Leaving AVGO StockTipRanks scores blogger sentiment at 83% bullish and news sentiment at 0.89 out of one. Yet its best-performing investors cut Broadcom exposure 2.37% over 30 days and 3.06% in the last seven. The selling is speeding up.
Broadcom Talk Versus Money: BeInCryptoThis is not only a Broadcom story. Chaikin Money Flow, a proxy for whether institutional money is entering or leaving a stock, is negative on 10 of 14 major chip names.
The four still positive sit outside AI compute. The five worst all build AI accelerators, the same rotation that pulled smart money out of Nvidia, in a year when Wall Street kept choosing between chip names.
Chip Sector Money Flow: BeInCryptoAVGO stock sits last among those 14, at -0.225.
Broadcom shares have fallen inside a descending channel since June 3. Buying volume only improved on August 27.
Broadcom Stock Money Flow: TradingViewConfirmation needs a daily close above $376.28, then $398.34 to come close to leaving the channel. One widely followed chart account says Broadcom needs a bigger bounce to match Nvidia and TSMC.
$NVDA $TSM $AVGO
Uncanny isn't it?
Well if AVGO wants to follow in TSM's footsteps and especially in NVDA's footsteps to keep up with the current up trend, we need to see a bigger bounce off the orange trendline.
Can we see a Nvidia type move?
Earnings this Wed after hrs with… pic.twitter.com/2mjXsMuW4t
— Heisenberg (@Mr_Derivatives) August 29, 2026
Failure is faster. Losing $356.62 opens $344.46, and a break of $334.62 exposes $324.79.
Broadcom Stock Price Analysis: TradingView
Analyst’s View: Broadcom stock is showing mixed trends heading into Wednesday’s earnings. Almost every analysts call this a bullish stock, but the biggest shareholders are slowly selling. The chart has not picked a side either. That is why the reaction to the earnings could matter more than the numbers.
According to market data from BIT (bit.com), Circle’s shares rose more than 6% intraday, currently trading at $92.67. Earlier reports noted that Hyperliquid is in discussions with Kraken’s parent company to enter the U.S. market.
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Glassnode noted in a report that Bitcoin is currently trading around $78,600, having largely held onto the strong rally it launched from the $64,000 zone at the end of August after earlier breaking above $80,000. The broader digital asset market still shows strong institutional demand, though activity in spot and derivatives trading has cooled in some segments. Meanwhile, price momentum has clearly exceeded the upper bound of its statistical range. The secondary market’s trading volume and spot Cumulative Volume Delta (CVD) indicate that the balance of buying power in the market may be shifting, while retail participation has also weakened. Traditional finance capital continues to flow into regulated crypto investment products. U.S. spot Bitcoin ETF holdings remain profitable and have maintained weekly net inflows. At the same time, short-term, price-sensitive capital is entering the market, coinciding with high options open interest and a rapid narrowing of volatility spreads—signaling that market participants may be underestimating short-term volatility risks. On-chain data also reflects a pattern of "active settlement but weakening user participation": entity-adjusted transaction volumes are significantly above normal levels, while daily active addresses and total fee revenue have declined slightly. Overall, the Bitcoin market is in a transition phase from a strong rally to structural divergence. Sustained institutional capital allocation and a rebound in on-chain valuations are providing market support, though speculative leverage is rising and signs of short-term capital selling have begun to emerge. The market’s fundamentals remain solid, but short-term volatility and correction risks are on the rise.
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Telegram founder Pavel Durov announced in a post on his personal channel that Telegram’s Gram wallet is now ready for use and currently available to a select group of users. It will be gradually rolled out to over 1 billion users in the coming weeks. Durov thanked the validators who approved the core smart contract, noting this means future wallet upgrades will not require cumbersome wallet migrations. This is just one of many innovations Telegram has developed to enhance the usability of non-custodial wallets.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
More Markets has suffered an exploit on Flow EVM that drained about 15.5 million WFLOW from the lending protocol, with blockchain security firm Blockaid estimating the impact at roughly $9.3 million.
Summary
More Markets was exploited on Flow EVM, with 15.5 million WFLOW drained from its mFlowWFLOW lending reserve. Blockaid estimated the impact at roughly $9.3 million and linked the attack to an Ankr bonded LST and More Markets’ E Mode mechanism. The security firm identified a cluster of transactions used to move funds after the exploit, while the final losses and destination of the assets remain under investigation. Blockaid has not said Ankr or the Flow blockchain itself was compromised, with its initial disclosure identifying More Markets as the protocol targeted. Blockaid said in an Aug. 31 X post that an attacker exploited More Markets, developed by More Labs, by using an Ankr bonded liquid staking token together with the protocol’s E Mode mechanism. The security firm identified the mFlowWFLOW lending reserve as the source of the drained tokens and published transactions linked to the attack.
🚨 Blockaid detected an exploit on More Markets (More Labs) on Flow EVM. Attacker used Ankr bonded LST + E-mode to drain the WFLOW lending reserve. 15.5M WFLOW emptied from mFlowWFLOW (~$9.3M detector impact). Attack tx cluster includes post-exploit exfil.
More details in🧵
— Blockaid (@blockaid_) August 31, 2026 The firm’s initial assessment puts the amount removed from the reserve at 15.5 million WFLOW. Blockaid described the roughly $9.3 million figure as its detected impact, meaning the final loss has yet to be confirmed as investigators trace the transactions and determine where the assets ultimately moved.
Blockaid published an exploit transaction, the contract deployment transaction and a cluster of post exploit transfers. The firm said the cluster contained transactions used to move funds after the reserve was drained, but had not provided a final accounting of the attacker’s holdings at the time of writing.
More Markets exploit targeted its WFLOW lending reserve More Markets is a decentralized, noncustodial lending protocol deployed on Flow EVM and built using Aave V3 architecture. Its public repository lists nine supported markets and allows users to supply assets for interest, borrow against collateral at variable rates and liquidate positions that fall below required collateral levels.
WFLOW and ankrFLOW are among the assets supported by the protocol. More Markets lists WFLOW with a loan to value ratio of 81.5% and a liquidation threshold of 83%, while ankrFLOW has a 78.5% loan to value ratio and an 81% liquidation threshold.
The protocol’s documentation identifies ankrFLOW as a liquid staking token, or LST, while WFLOW serves as the native wrapped asset within the lending market.
Blockaid specifically tied the attack to an Ankr bonded LST and E Mode, but its initial disclosure did not provide a detailed technical breakdown explaining the sequence used to drain the WFLOW reserve. It remains unclear from the disclosure whether the underlying issue originated in More Markets’ implementation, the way the Ankr asset was handled within the lending protocol, its pricing assumptions, or an interaction between the two components.
Ankr’s documentation describes ankrFLOW as a reward bearing liquid staking token issued when users stake FLOW through its staking service. Its value relative to FLOW increases as staking rewards accumulate, while the number of ankrFLOW tokens held by the user remains unchanged.
Ankr lists separate smart contracts on Flow EVM for the ankrFLOW token, staking pool, staking configuration and ratio feed. The ratio feed contains the token’s ratio certificate, according to its documentation.
The company’s Flow liquid staking documentation says users can deploy ankrFLOW in DeFi applications, including lending markets, to borrow against the value represented by their staked FLOW. Ankr states that the Flow liquid staking contracts on Cadence and EVM underwent external audits by Halborn.
Blockaid had not said that Ankr itself was compromised in the incident. Its disclosure only identified the bonded LST and More Markets’ E Mode mechanism as components used by the attacker.
Flow EVM has remained separate from the attack vector disclosed so far The Aug. 31 incident targeted an application running on Flow EVM based on the information released by Blockaid, with no indication in the initial disclosure that the Flow blockchain itself had been compromised.
Flow EVM provides an Ethereum compatible environment on Flow, allowing applications written for the Ethereum Virtual Machine to operate on the network. More Markets runs its lending contracts in that environment.
Flow has previously promoted both More Markets and Ankr as applications available to users within its DeFi ecosystem. Its Community Rewards program, for example, offered rewards for activity involving lending protocols such as More Markets and for staking FLOW through Ankr’s liquid staking product.
The distinction between the More Markets incident and a network level exploit is particularly relevant because Flow suffered a separate security breach in late 2025.
As crypto.news previously reported, a Dec. 27 attack exploited a vulnerability in Flow’s Cadence execution layer and allowed an attacker to duplicate fungible tokens before extracting approximately $3.9 million in value.
Flow Foundation’s subsequent post mortem said the attacker deployed more than 40 malicious smart contracts in a coordinated sequence. A flaw in Cadence runtime version 1.8.8 allowed a protected asset that should not have been copyable to be disguised as a standard data structure and duplicated.
More than 1 billion counterfeit FLOW tokens were sent to centralized exchanges during that incident. Flow said 484.4 million FLOW were later returned by OKX, Gate.io and MEXC and destroyed, while the network isolated 98.7% of the remaining counterfeit supply.
Flow previously changed its recovery plan after $3.9 million exploit The December attack forced Flow validators to halt the blockchain within hours of the first malicious transaction. Flow Foundation initially proposed a full chain rollback, which would have returned the network to a checkpoint before the exploit.
The proposed Flow chain rollback faced opposition from bridge operators and other ecosystem participants. Critics warned that reversing confirmed transactions could produce duplicated balances for users who had moved assets through bridges during the affected period and create losses for users who had bridged assets in.
Flow subsequently abandoned the global rollback and adopted an isolated recovery process designed to identify and destroy counterfeit assets while retaining legitimate transaction history.
During the recovery, developers worked on restoring both Cadence and Flow EVM functionality. Accounts linked to suspicious activity faced temporary restrictions while external forensic firms helped verify affected accounts, with Flow estimating that more than 99.9% of accounts would regain full access once the recovery was completed.
The fallout later extended to South Korea, where Flow Foundation and Dapper Labs sought a court order in March to stop Upbit, Bithumb and Coinone from ending trading support for FLOW. The exchanges had moved toward delisting after the December security incident, while Flow maintained that existing user balances had not been compromised.
For the More Markets attack, Blockaid’s Aug. 31 disclosure remained an initial assessment. The security firm said more details were still being investigated after identifying the 15.5 million WFLOW outflow and the subsequent transaction cluster used to move funds after the exploit.
According to market data from BIT (bit.com), Circle’s shares rose more than 6% intraday, currently trading at $92.67. Earlier reports noted that Hyperliquid is in discussions with Kraken’s parent company to enter the U.S. market.
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The central figure behind the viral story "ByteDance Employee Makes 23x Gains Trading US Stocks", Dexter Yang, posted that over the more than 7 years since he joined ByteDance on January 14, 2019, ByteDance options have appreciated 4.5 to 5 times at the repurchase price, yielding an annualized return of 22% to 24%; based on the company's market valuation (USD 600 billion to USD 1 trillion), they have risen 8 to 13 times, with an annualized return of 31% to 40%. His personal US stock assets have surged 23 times over the same period, delivering an annualized return of 51%. If such returns are not attainable, excelling at work at ByteDance and earning more options is the optimal investment. Career development mirrors investing: it requires taking risks, entering early, staying committed, and achieving exponential growth through compound interest from personal growth and sector accumulation—essentially, it's about "buy and hold". Earlier, Leto Bao, a former ByteDance employee nicknamed "ByteDance Stock Trading Guy", reaped massive profits by capitalizing on the AI storage sector via US stock investments. Online reports claim he earned approximately RMB 30 million and subsequently resigned.
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According to market sources, Hyperliquid is in talks with Kraken's parent company to enter the U.S. market.
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Viewpoint: Bitcoin’s rebound momentum remains strong, with institutional allocations and speculative leverage rising in tandem.
Glassnode noted in a report that Bitcoin is currently trading around $78,600, having largely held onto the strong rally it launched from the $64,000 zone at the end of August after earlier breaking above $80,000. The broader digital asset market still shows strong institutional demand, though activity in spot and derivatives trading has cooled in some segments. Meanwhile, price momentum has clearly exceeded the upper bound of its statistical range. The secondary market’s trading volume and spot Cumulative Volume Delta (CVD) indicate that the balance of buying power in the market may be shifting, while retail participation has also weakened. Traditional finance capital continues to flow into regulated crypto investment products. U.S. spot Bitcoin ETF holdings remain profitable and have maintained weekly net inflows. At the same time, short-term, price-sensitive capital is entering the market, coinciding with high options open interest and a rapid narrowing of volatility spreads—signaling that market participants may be underestimating short-term volatility risks. On-chain data also reflects a pattern of "active settlement but weakening user participation": entity-adjusted transaction volumes are significantly above normal levels, while daily active addresses and total fee revenue have declined slightly. Overall, the Bitcoin market is in a transition phase from a strong rally to structural divergence. Sustained institutional capital allocation and a rebound in on-chain valuations are providing market support, though speculative leverage is rising and signs of short-term capital selling have begun to emerge. The market’s fundamentals remain solid, but short-term volatility and correction risks are on the rise.
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More Markets, a lending protocol developed by More Labs on the Flow EVM network, has suffered an exploit that drained 15.5 million WFLOW from its lending reserves. Blockaid identified 15.5 million WFLOW leaving the reserve, with the tokens valued at around $9.3 million.
However, More Markets has not confirmed the amount lost, they say the investigation is ongoing.
How the More Markets Exploit HappenedAccording to Web3 security firm Blockaid, the attacker exploited the protocol’s handling of liquid staking tokens (LSTs) through its E-Mode system.
🚨 Blockaid detected an exploit on More Markets (More Labs) on Flow EVM. Attacker used Ankr bonded LST + E-mode to drain the WFLOW lending reserve. 15.5M WFLOW emptied from mFlowWFLOW (~$9.3M detector impact). Attack tx cluster includes post-exploit exfil.
More details in🧵
— Blockaid (@blockaid_) August 31, 2026 E-Mode allows users to borrow more against assets considered closely related in value. The attacker reportedly combined an Ankr bonded LST with E-Mode and exploited how More Markets calculated borrowing limits.
This allowed the attacker to take out loans against manipulated collateral and repeatedly withdraw WFLOW from the protocol’s mFlowWFLOW reserve.
Blockaid identified 15.5 million WFLOW leaving the lending reserve during the attack.
$9.3M Drained as Funds Move From Flow EVMBased on WFLOW’s market price, Blockaid estimated the financial impact at around $9.3 million.
On-chain activity also showed that the attacker began moving the stolen assets shortly after the exploit. Some funds were transferred toward external wallets and bridged away from the Flow EVM ecosystem.
More Markets Says It Is Investigating The ExploitAs of now, there is no confirmed recovery plan or recovered amount from More Markets.
The team said,
“Our team is currently investigating a claim that MORE Markets was exploited. We will share our findings shortly.”
Until the investigation is complete, the exact damage and whether any funds can be recovered remain unclear.
FLOW and WFLOW Prices Drop 9%The security incident quickly affected Flow ecosystem tokens. Wrapped Flow (WFLOW) dropped around 9% within an hour, while FLOW fell about 8.7% to $0.0262.
The decline came as traders reacted to the exploit rather than a broad crypto market sell-off.
Story Ends Here
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DeFi protocol More Markets had about $9.3 million of digital assets drained from a lending reserve on Flow EVM, according to blockchain security firm Blockaid, which linked the incident to the use of a liquid staking token and an efficiency-mode borrowing feature.
Blockchain data shared by Blockaid on Monday showed about 15.5 million Wrapped Flow (WFLOW) tokens were taken from the mFlowWFLOW reserve. The security firm valued the assets at roughly $9.3 million.
More Markets had not publicly confirmed the incident or said whether users incurred losses at the time of the initial report.
Blockaid Links Drain to ankrFLOW and E-Mode Blockaid said the attacker used Ankr Staked FLOW (ankrFLOW), a liquid staking token, together with E-mode to borrow more assets from the reserve.
E-mode, or efficiency mode, is a feature introduced in Aave V3 that allows greater borrowing capacity for assets expected to maintain correlated prices, including a liquid staking token and its underlying asset.
August Crypto Hack Losses Reach $139.7 Million The incident added to a string of crypto exploits in August. Cryptocurrency hack losses for the month reached $139.7 million, the third-highest monthly total of 2026, according to DefiLlama data. That remained below the $254 million recorded in July.
The broader security concerns extended into the weekend. On Sunday, Cronos halted its blockchain after an exploit involving the lending protocol Tectonic. The Tectonic incident was estimated at $75 million, though the protocol had not confirmed the amount.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
More Markets lost 15.5 million Wrapped Flow (WFLOW) to an exploit on Flow EVM on Monday. Security firm Blockaid put the initial impact at $9.3 million.
The lending protocol has not confirmed any loss. Its team said it is looking into the claim and will publish findings once the review is complete.
What Blockaid Traced OnchainMore Markets is a non-custodial lending market on Flow EVM built by More Labs. Blockaid said an attacker combined an Ankr bonded liquid staking token with the protocol’s Efficient Mode setting to drain the mFlowWFLOW reserve.
The firm published the exploit transaction, the contract deployment, and 11 follow-up transfers. It also names the attacker address, a helper wallet, and the affected pool.
Follow us on X to get the latest news as it happens
Flow (FLOW) price performance over 24 hours, Source: BeInCrypto MarketsMarkets reacted quickly. Flow (FLOW) fell about 8% over 24 hours to trade near $0.026. Value locked in More Markets dropped to roughly $3.6 million. Still, the drop comes amid a broader market downturn, which has pulled the total market cap down roughly 3%
The attack lands at the end of a punishing stretch for crypto protocols. Cronos halted its blockchain on August 30 after identifying an exploit at Tectonic, its largest lending market. Last week, Moonwell lost an estimated $8.7 million.
DefiLlama data records 37 hacks in August, totaling roughly $140 million. Lending protocols account for the bulk of that figure.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Alibaba Group Holding (BABA) seeks to raise about $10 billion in a share sale.
The Chinese e-commerce and cloud computing giant said it will channel 100% of net proceeds into full-stack AI capabilities.
Alibaba Wants to Enter the AI RaceAlibaba is offering 710 million ordinary shares at HK$112.70 each, a 3.6% discount to Friday’s close, according to Bloomberg. The deal would mark the largest-ever primary follow-on offering by a Hong Kong-listed company.
Globally, the deal ranks as the third-largest primary follow-on this year. Only Alphabet’s $80 billion raise in June and Intel’s $15 billion sale in August were bigger.
The full-stack category covers chips, infrastructure, and the development and deployment of AI models. Alibaba will face a 90-day lockup.
A few months back I flipped my $BABA stock into a large $JD position. I will not flip any of that back to #Alibaba, as issuing shares is now its new paradigm. It would have to fall by half from here for me to look at if again. https://t.co/Yivv8jjkG2
— Cassandra Unchained (@michaeljburry) August 23, 2026
Reuters, citing two people familiar with the deal, reported that the offering has drawn strong investor interest, including from sovereign wealth funds.
According to the sources, demand exceeded the initial sale size, prompting Alibaba to increase the offering. Morgan Stanley, HSBC, UBS, and CICC are acting as joint bookrunners.
Follow us on X to get the latest news as it happens
AI Spending Squeezes Profit and Cash FlowThe raise arrives as Alibaba’s AI buildout impacts its finances. Quarterly capital spending has climbed to nearly 10 billion.
Meanwhile, the June-quarter net profit plunged 75% to 10.5 billion yuan (1.6 billion). Free cash outflow reached $6.6 billion.
Alibaba has already spent nearly half of its three-year capex plan. However, it expects the payback period for AI investments to shorten from 3 years to 2.5 years, citing surging demand.
Chief Executive Eddie Wu has also been pruning non-core assets to fund the pivot. Alibaba recently sold its gaming arm Lingxi Games to Trustar Capital in a deal reportedly worth at least $1.5 billion.
Meanwhile, the company’s flagship Qwen family became the world’s most popular model lineup this year, per Bloomberg. Whether $10 billion in fresh capital can maintain that lead over US rivals is now the question investors are likely pricing in.
Subscribe to our YouTube channel to watch leaders and journalists provide expert insights
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
TLDR: Pi Network price traded near $0.094 after a 4% daily gain, placing PI within reach of the closely watched $0.10 resistance level. Protocol 27 has entered Testnet testing and adds more flexible, secure smart contract authentication for accounts and applications. Four-hour RSI reached 77.67 while Chaikin Money Flow held at 0.16, showing strong momentum alongside rising pullback risk. Pi targets September 15 for the Mainnet upgrade, though testing results and node readiness could still change the rollout schedule. Pi Network price moved closer to the $0.10 threshold after Protocol 27 testing began on the network’s Testnet. PI traded near $0.094 during Friday’s market recovery, gaining about 4% over 24 hours.
Bitcoin approached $79,500 as crypto capitalization neared $2.6 trillion. Protocol 27 will improve smart contract authentication. Pi targets a September 15 Mainnet upgrade, subject to testing. Traders now watch $0.10 and the rollout schedule through September testing.
Pi Network Price Tests $0.10 as Crypto Momentum Builds The Pi Network price benefited from renewed demand across large and smaller cryptocurrencies. Bitcoin reached a 14-week high, while XRP and other altcoins advanced. Short liquidations also accelerated market moves as traders closed bearish positions.
Following the successful completion of the Protocol 26 upgrade on Pi Mainnet, Pi Testnet is upgrading to Protocol 27!
Protocol 27 introduces more flexible and secure smart contract authentication capabilities, enabling more advanced ways for accounts and applications to… pic.twitter.com/Qb5Id092Ln
— Pi Network (@PiCoreTeam) August 21, 2026
PI changed hands near $0.0939 after rising roughly 4% in 24 hours. Later market readings placed the token between $0.094 and $0.096. That range left the Pi Coin price within six percent of the closely watched $0.10 level.
Pi Network price gained momentum, but PI still needs a confirmed breakout. A four-hour close above $0.095 would strengthen the case for another test of $0.10. Repeated rejection below that area could keep trading confined around the recent range.
Pi Network price momentum shows short-term buyer control. The four-hour Relative Strength Index reached 81.50, placing PI in overbought territory. Such readings can accompany strong breakouts, but they also increase the chance of profit-taking after rapid gains.
Chaikin Money Flow stood at 0.16, keeping capital flow above zero. That reading suggests net buying pressure during the measured period. The indicator would weaken if it slips below zero while price falls under nearby support.
The first support sits around $0.09, which previously limited the token’s upward push. A sustained break below that level could expose $0.085. The lower boundary of the ascending channel places $0.08 as the next downside area.
PI/USD 4-Hour Chart. Source: TradingView Protocol 27 Sets September 15 Target After Testnet Launch Pi Network began upgrading Testnet after completing Protocol 26 on Mainnet. The project describes Protocol 27 as the final planned upgrade in the current sequence. Its official announcement targets September 15 for the Mainnet transition.
Protocol 27 introduces more flexible and secure smart contract authentication. The change expands how accounts and applications can approve transactions. Developers could use those options to build more advanced authorization rules and transaction flows.
The upgrade follows Protocol 26, which improved contract safety, state management, interoperability, and cryptographic functions. Together, both releases aim to bring Pi Mainnet in line with the network’s latest protocol features.
The rollout uses staged testing before live deployment. Testnet provides a lower-risk environment for identifying compatibility issues, authentication failures, and node problems. Further testing must occur before Mainnet adopts the same code.
Community reports have also linked Protocol 27 with RPC servers, decentralized exchange functions, and automated market maker liquidity pools. Pi’s official announcement focused on authentication and did not specify individual applications. Adoption will depend on how developers use the expanded controls.
The September 15 date remains a target rather than a guaranteed completion date. Testing results, node readiness, or technical faults could alter the schedule. Pi Network’s node page now instructs Mainnet operators to prepare for version 27.
For the Pi Network price, the upgrade creates a defined event traders can monitor. A move above $0.10 would place PI outside its immediate range. Failure to hold $0.09 would shift attention toward $0.085 and the channel structure.
Protocol progress alone does not determine the Pi Coin price. Network usage, application activity, exchange liquidity, token supply, and wider market direction also shape demand. The next testnet phase will show whether the new authentication system performs consistently before Mainnet deployment.
TLDR: Two Binance employees were briefly detained at UAE airports amid a fund flow investigation. Binance says the staff were not targets and were cleared and released after questioning. The probe centers on third-party fund flows through a Binance client money account. Binance is working with Dubai Police to build clearer coordination procedures for future inquiries. Binance employees detained in UAE fund flow probe as company clears staff of wrongdoing in the United Arab Emirates.
Two Binance employees faced brief detention at airports in the Emirates in recent weeks, according to a New York Times report citing four sources familiar with the matter.
Binance confirmed the employees provided statements to authorities but said they were not targets of the investigation and were later released, the exchange told Reuters on Thursday.
Binance Employees Detained at UAE Airports Amid Fund Inquiry The two Binance employees were stopped at airports in the UAE in recent weeks, the New York Times reported, citing two people with direct knowledge of the situation.
The exact scope of the UAE inquiry was not immediately clear, according to the report. Authorities have not released further details on the nature of the questioning.
Binance told Reuters that a small number of staff members were asked to give statements to UAE authorities. The exchange described the matter as a routine inquiry into third-party fund flows moving through a Binance client money account. This type of account typically holds funds on behalf of institutional clients rather than the exchange itself.
The company stressed that none of the employees involved were considered targets of the broader probe. Binance said the individuals were cleared of any wrongdoing and released shortly after questioning concluded. No further legal action against the employees has been reported since their release.
Binance addressed the regulatory backdrop surrounding institutional account structures directly in its statement to Reuters.
The exchange said, “
It added that it is working constructively with Dubai Police and authorities across other Emirates to build clearer coordination procedures.
Binance Scrutiny Continues Across Multiple Global Jurisdictions Binance has encountered regulatory and legal scrutiny in several regions over recent years, extending beyond the current UAE matter.
The exchange’s global footprint has repeatedly placed it under review from financial crime and compliance authorities. This latest UAE inquiry adds to a pattern of cross-border regulatory engagement for the company.
In 2024, Nigerian authorities charged Binance along with its then-head of financial crime compliance, Tigran Gambaryan, with laundering more than $35 million.
Both Gambaryan and the exchange denied the allegations at the time. That case drew widespread attention within the crypto industry and beyond.
Despite past friction in other markets, Binance has maintained an operational presence in Dubai since securing a license there in 2022.
The license allowed the exchange to conduct business within one of the Emirates’ established financial hubs. Dubai has positioned itself as a regulatory-friendly base for digital asset firms in recent years.
The current UAE fund flow inquiry appears distinct from Binance’s past legal challenges in other countries. The exchange has framed its cooperation with Dubai Police as part of an ongoing effort to formalize procedures.
Binance’s public statements suggest a collaborative posture rather than an adversarial one with UAE regulators. The situation remains under review as both sides work toward clearer protocols.
CoreWeave signed a multibillion-dollar, multiyear deal with Hudson River Trading. Hudson River Trading will access Nvidia Vera Rubin and B200 systems through CoreWeave. The agreement expands a partnership that first began in March 2026. CoreWeave is increasing its exposure to financial-services customers beyond major technology clients. Jane Street, Flow Traders, and IMC are also among CoreWeave’s financial-sector customers. CoreWeave has signed a multibillion-dollar, multiyear agreement with Hudson River Trading, expanding its presence in financial services. The deal gives the trading firm access to Nvidia’s Vera Rubin and B200 systems as demand for advanced AI computing rises across Wall Street.
The agreement builds on a partnership that began in March. CoreWeave Chief Revenue Officer Jon Jones called the deal a material expansion, although the companies did not disclose full financial terms.
CoreWeave Deepens Financial Services Push Hudson River Trading plans to use CoreWeave’s infrastructure to build, test, and improve trading research models. The firm will also gain early large-scale access to Nvidia’s latest Vera Rubin systems.
Hudson River Trading research head Kevin Lee said more computing power allows researchers to test more ideas. He also pointed to CoreWeave’s ability to deliver systems on schedule and run Nvidia hardware efficiently.
CoreWeave has added other trading firms, including Flow Traders and IMC, as financial companies increase spending on AI systems. Jane Street also agreed to spend $6 billion on CoreWeave data center capacity and invested another $1 billion in the company.
Hudson River Trading has strong financial resources to support that spending. The firm generated $11.4 billion in second-quarter trading revenue and $7.4 billion in profit, according to Bloomberg.
New Nvidia Chips Support Pricing Power CoreWeave said it became the first AI cloud provider to validate Nvidia’s Vera Rubin NVL72 platform. The company also raised prices by about 25% in July as demand for newer systems remained strong.
Hudson River Trading will also use Nvidia B200 chips, which rent for about $6.87 per hour, according to Ornnindex. CoreWeave ended the second quarter with about 3.7 gigawatts of contracted power capacity to support future data center growth.
CoreWeave has reduced its dependence on its largest customer. That customer represented 36% of second-quarter sales, down from 71% a year earlier.
Its top three customers still accounted for about 72% of revenue. CoreWeave shares fell about 1.4% in pre-market trading Thursday after closing Wednesday at $90.87, down 2.47%.
CoreWeave, Inc. Class A Common Stock, CRWV
Analysts hold a Moderate Buy consensus on the stock. Their average price target stands at $138.94, which is about 53% above the latest closing price. Investors will watch how quickly large financial-services contracts turn into revenue as CoreWeave funds new capacity.
Key Takeaways Second-quarter revenue climbed 28% annually to $60.8 billion, driven by 27% advertising growth Capital expenditures reached $31.1 billion in Q2, slashing free cash flow by 91% to $784 million Company projects 2026 capex between $130 billion and $145 billion for AI infrastructure Earnings per share of $6.18 fell short of $7.19 analyst consensus; operating costs surged 55% Analysts maintain “Moderate Buy” rating with $785.32 average target price META shares started trading at $568.97 on Tuesday, declining approximately 3.5% during the session and trading significantly under its 52-week peak of $790.80.
Meta Platforms, Inc., META
Second-quarter revenue totaled $60.8 billion, marking a 28% year-over-year increase and surpassing Wall Street’s $60.22 billion projection. The advertising segment powered this performance with 27% growth, supported by a 14% surge in ad impressions and a 12% increase in average cost per advertisement.
The company’s family of applications recorded 3.6 billion daily active users during Q2, providing its advertising platform with an enormous audience base for precise targeting capabilities.
However, profitability metrics disappointed investors. Earnings per share landed at $6.18, falling $1.01 short of the $7.19 consensus forecast. Operating expenses exploded 55% during the period, vastly outpacing revenue expansion and compressing operating margins from 43% down to 31%.
Infrastructure Investment Dominates Narrative The primary investor concern centers on capital allocation. Second-quarter capital expenditures totaled $31.1 billion, consuming nearly all of the $31.9 billion generated from operations. This aggressive investment strategy reduced free cash flow to merely $784 million, representing a dramatic 91% contraction.
Looking ahead to 2026, Meta has outlined capex projections ranging from $130 billion to $145 billion. Such substantial infrastructure investment demands clear monetization pathways.
The social media giant isn’t limiting AI development to internal applications. The company introduced Muse Code featuring usage-based pricing models, while Muse Spark became accessible to developers via a commercial API. These initiatives represent efforts to transform artificial intelligence capabilities into standalone revenue streams beyond advertising enhancement.
Enterprise Messaging Expands Revenue Opportunities Meta Business Agent represents another strategic initiative gaining traction. By June, over one million enterprises had deployed the tool across WhatsApp and Messenger platforms. The company intends to introduce premium subscription options, potentially creating incremental revenue as businesses adopt these enhanced features.
The platform currently facilitates more than one billion active business-to-consumer conversations daily across its ecosystem.
Financial obligations and litigation exposure merit attention. Meta closed Q2 carrying $83.7 billion in long-term obligations, though this is balanced by $90.3 billion in liquid assets and marketable securities. Legal provisions totaled $2.4 billion during the quarter, with management identifying pending U.S. youth-focused litigation as a significant contingent liability.
The Reality Labs division remains a profit drag, reporting a $4.62 billion operating loss against merely $431 million in quarterly revenue.
From an ownership perspective, Park National Corp OH expanded its Meta holdings by 7.9% in Q2, accumulating 92,967 shares valued at approximately $52.4 million. Institutional ownership of META stands at 79.91% overall.
Robert W. Baird reduced its price objective from $830 to $750 while preserving an outperform recommendation. DA Davidson lowered its target from $850 to $700, also retaining a buy rating. Wedbush assigned a neutral stance with a $595 price target. The analyst community’s consensus remains “Moderate Buy” with an $785.32 average price objective.
Fireblocks just made it a lot easier for merchants to say yes to stablecoin payments. The digital asset infrastructure company unveiled Fireblocks Flow at Money20/20 Europe in Amsterdam on June 2, a product built specifically for payment service providers and fintechs that want to accept digital assets without rebuilding their entire stack.
The centerpiece of the announcement is Flow Analytics, a real-time data layer powered by Dynamic.xyz that gives merchants granular visibility into stablecoin transactions as they happen.
What Fireblocks Flow actually does Flow collapses those steps into a single integration. Merchants can accept payments from over 800 wallets spanning EVM chains, Solana, and Bitcoin networks. Customers pay in whatever digital asset they prefer, and the merchant receives settlement in their chosen stablecoin. The conversion and routing happen under the hood.
Dynamic.xyz, a Fireblocks subsidiary, provides the underlying infrastructure. Its APIs and developer tools handle wallet connectivity, while its dashboards power the Flow Analytics layer. That analytics component delivers transaction lists, aggregated data, and real-time insights, giving payment providers the kind of operational visibility they’d expect from any mature payment rail.
Flutterwave signs on as launch partner Flutterwave, one of Africa’s most prominent payment companies, will integrate Flow’s stablecoin acceptance capabilities into its own platform.
Scale and institutional context Fireblocks has facilitated over $14 trillion in cumulative digital asset transactions across its platform.
The 800-plus wallet support is worth pausing on. Most stablecoin payment solutions force customers into a narrow set of wallets or chains. By supporting a broad range of ecosystems, Flow reduces the chance that a customer arrives at checkout with an incompatible wallet.
What this means for the payments landscape The analytics layer could prove to be Flow’s most durable competitive advantage. Real-time transaction data isn’t just a nice feature for merchants. It’s the foundation for compliance monitoring, fraud detection, and business intelligence. By embedding analytics directly into the payment flow rather than offering it as an afterthought, Fireblocks is making the case that stablecoin payments can meet the same operational standards as traditional card processing.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wispr Flow raised $280 million in a Series B funding round that valued the AI voice-to-text startup at $2 billion, the company said Monday.
Existing investor Menlo Ventures led the round, with participation from Notable Capital, NEA and Neo Ventures. New investors included Acrew, Forerunner, Goodwater and Peak XV.
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The San Francisco-based company has now raised $361 million. It previously secured $25 million in November 2025 in a round led by Notable Capital and backed by podcaster Steven Bartlett’s Flight Fund.
Wispr Flow said users have generated more than 60 billion words through its software, which converts speech into text for writing and workplace tasks. The company said its products are used at nearly all Fortune 500 companies and more than 10,000 enterprises.
The company also previewed Canto, its first proprietary speech-recognition model. CEO Tanay Kothari said error rates in difficult conditions involving background noise, wind, accents or music fell from more than 30% of words to between 5% and 10%.
Kothari said much of the new funding will go toward improving transcription accuracy, which Wispr tracks through a “zero edit rate” measuring the share of spoken words that require no corrections.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Wagyu.xyz, a cross-chain swap operator providing access to native Monero (XMR), today announced that cumulative order flow routed through its infrastructure has passed $700 million, and that its public application programming interface has entered general availability for third-party operators.
The threshold was reached approximately seven months after Wagyu.xyz entered general operation in January 2026. On the basis of that figure the company states that it is now the largest exchange venue for Monero by transaction volume.
Order Flow and Venue
Transactions submitted to Wagyu.xyz are executed against Hyperliquid’s onchain orderbook, where market-making firms quote competitively, rather than against inventory held by an intermediary. The operator does not take the opposing side of customer transactions and does not maintain a funded inventory position. Transaction spreads are consequently determined by prevailing market conditions.
Final settlement is delivered in native XMR to customer-controlled Monero addresses, by way of a wrapped representation of the asset in the settlement path. The operator reports median settlement of approximately 5.5 minutes, with 90 percent of transactions completing within 13.2 minutes.
Market Conditions
Regulated spot access to Monero has contracted over recent years, with a number of major venues withdrawing XMR pairs or suspending service in defined jurisdictions in response to supervisory requirements. Reported on-chain activity for the asset has not fallen commensurately, indicating that end-user demand has persisted while regulated distribution has narrowed.
Conversion demand in the intervening period has largely been intermediated by principal-model operators that hold inventory and quote a single undifferentiated rate. Independent assessments have placed effective transaction costs in that segment at approximately 3 to 4 percent, against advertised rates commonly below 1 percent. Such venues publish no orderbook, and quoted rates therefore cannot be benchmarked against a reference market.
Screening Sequence
Wagyu.xyz applies transaction screening to incoming deposits in advance of execution rather than following acceptance. Under the operator’s published policy, deposits that do not clear screening are returned to the originating address.
The operator states that this sequence addresses a recognised condition in the segment, under which an estimated 2 to 5 percent of transactions are flagged after custody has transferred, at which point customers of services advertised as requiring no identity verification are asked to furnish documentation as a precondition of recovering funds. Resolution periods in such cases are not contractually specified.
“The party holding the deposit controls the timetable,” said Einar Gunnarsson, Director of Wagyu.xyz. “Running the check before execution removes the circumstance in which delay carries no cost to the operator.”
The published compliance policy states that identity documentation is not requested from users, and that restrictions are applied to assets solely pursuant to a valid order issued by a court of competent jurisdiction.
Developer Access
The public API provides asset discovery, exact-input and exact-output quoting, durable order creation, and order tracking over REST and WebSocket interfaces. Third parties may apply independent margin to the routed rate without holding inventory, conducting treasury operations, or maintaining bridge infrastructure.
The company states that a number of consumer-facing instant swap services already obtain their Monero pricing and settlement from this infrastructure rather than sourcing the asset independently. Implementations reported to date include wallet integrations and regionally focused interfaces.
Direct and Resold Access
Because execution for those services clears through the same venue, the operator notes that the rate available to a customer differs principally by the number of intermediaries in the path. A service reselling access applies its own retail margin above the routed rate, a margin not applied to orders submitted to Wagyu.xyz directly, so the same transaction can carry a materially different price depending on where it is placed.
The operator adds that the customer’s counterparty in a resold transaction is the reselling service rather than the underlying venue, and that the deposit handling, screening sequence and refund practices applying to such an order are those of the reseller. The pre-execution screening and return policy described above governs orders placed with Wagyu.xyz directly.
About Wagyu.xyz
Wagyu.xyz is a cross-chain swap and bridge platform providing access to native Monero without identity verification requirements. Founded in December 2025 and launched in January 2026, the platform routes customer orders to Hyperliquid’s onchain orderbook and applies compliance screening in advance of execution, returning non-clearing deposits to their originating address. A public API supports third-party integration and independent operation. Cumulative volume has exceeded $700 million since launch. The company is based in Reykjavik, Iceland, and current rates are published on the platform.
US stock market opens: Nasdaq rises 0.2%, storage sector leads gains, SanDisk surges over 5%
According to market data from BIT (bit.com), U.S. stocks opened with the Dow Jones Industrial Average down 0.3%, the S&P 500 nearly flat, and the Nasdaq up 0.2%. The U.S. storage sector saw broad gains, with Seagate Technology (STX) rising 1.19%, Western Digital (WDC) up 2.4%, SanDisk (SNDK) climbing 5.4%, Micron Technology (MU) increasing 4.3%, and SK Hynix ADR gaining 3.8%.
6 minutes ago
U.S. stocks opened, with crypto-related concept stocks rising broadly, and Strategy gaining 3.2%.
According to market data from BIT (bit.com), crypto-related stocks posted broad gains at the opening of the US stock market. Specifically: Strategy (MSTR) rose 3.2% — it did not add Bitcoin holdings last week, instead selling $334 million worth of stocks, pushing its dollar reserves to $4.8 billion. Coinbase (COIN) gained 1.07%, Circle (CRCL) climbed 1.6%, BitMine Immersion (BMNR) advanced 2.6%, and SharpLink Gaming (SBET) increased 1.42%.
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The US-listed optical communication sector leads gains at opening, with optical module ETF LYTE rising 3.53% and MRVL surging over 5%.
According to BIT (bit.com) market data, the US stock market’s optical communication sector led gains at opening, with: Roundhill Optical Module ETF (LYTE) up 3.53%; Pure Photonics ETF (FOTO) up 0.73%; Corning (GLW) up 1.34%; Coherent (COHR) up 3.54%; Marvell Technology (MRVL) up 5%; Lumentum Holdings (LITE) up 0.7%; and Ciena Corporation (CIEN) up 0.75%.
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JPMorgan Chase Stated It Will Bid to Serve as IPO Underwriter If Polymarket Goes Public
JPMorgan Chase notified Polymarket in October 2025 that it would terminate its partnership over regulatory concerns. Polymarket has since shifted its banking operations to another unnamed lender. However, the two parties have not completely severed ties; JPMorgan stated it intends to pursue an underwriting role if Polymarket launches an initial public offering (IPO) in the future. A source familiar with the matter said, "They don't want to burn all bridges." Polymarket, in turn, pushed back against claims that the two sides have largely cut ties, stressing that it maintains "close, active relationships with JPMorgan across multiple entities, operational integrations, and the substantial handling of customer cash flows." Prediction markets are seeing explosive growth, with their nominal transaction volume exceeding $250 billion in 2026. This growth has also drawn heightened regulatory scrutiny, with more than 12 U.S. states filing lawsuits against Polymarket and Kalshi, accusing them of operating illegal sports betting. Recently, the U.S. Commodity Futures Trading Commission (CFTC) invoked emergency powers to order Kalshi to keep operating in New York, as a jurisdictional dispute between federal and state authorities continues to escalate. Meanwhile, the U.S. government is conducting "debanking" investigations into multiple large banks; former President Donald Trump has himself sued JPMorgan Chase and its CEO Jamie Dimon, alleging they closed his accounts for political reasons. JPMorgan’s dual stance—balancing existing banking relationships with potential business opportunities—reflects the caution traditional financial institutions are exercising as the regulatory boundaries for prediction markets remain unclear.
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Analysis: Bitcoin spot liquidity weakness and ETF outflows are weighing on the market, but slowing capital outflows show initial signs of stabilization.
Glassnode’s Bitcoin Market Pulse Report notes that Bitcoin rebounded slightly after pulling back from the $65,000 level over the past week, but remains in a clear range-bound pattern overall. Spot trading volumes and on-chain transaction throughput have continued to contract, reflecting weak market liquidity and low participation. Derivatives markets are also cautious: leverage has expanded moderately, but aggressive trading in perpetual contracts has consistently leaned toward sellers, indicating more aggressive distribution activity. Positive funding rates signal bullish sentiment remains intact, while the options market continues to price downside protection, with premiums still high relative to realized volatility. Institutional demand has weakened in tandem: spot ETF volumes coincide with net outflows, aggregate holdings are near cost basis, leaving regulated investors with limited unrealized profit potential, and institutional accumulation has stalled temporarily. On-chain profitability is under pressure, with a large portion of Bitcoin supply in loss, and realized losses consistently outpacing realized gains. The report also points out that the pace of broader capital outflows has begun to slow, an early sign that selling pressure may be stabilizing. The overall market structure remains caught between persistent short-term selling pressure and relatively resilient long-term holdings. Weak spot liquidity, soft institutional capital flows, and elevated realized losses all point to continued consolidation, while slowing outflows suggest the market may be approaching a more balanced state ahead of its next directional move.
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Canaan Inc. produced 46 BTC in July, holding 1,917 BTC and 3,952 ETH.
Bitcoin mining machine manufacturer Canaan Inc. released its July Bitcoin mining operations data. The company mined 46 BTC in July, and as of month-end, its balance sheet held 1,917 BTC and 3,952 ETH. Non-joint venture mining sites in North America posted an average mining machine energy efficiency of 17.9 J/TH, while global operational computing power hit 14.24 EH/s, with installed computing power standing at 14.89 EH/s. The month’s comprehensive electricity cost was approximately $0.043 per kilowatt-hour.
Analysis: Bitcoin is in the "extreme discount" zone of the Rainbow Chart, with its downward deviation surpassing that of the previous bear market bottom.
CryptoQuant analyst Axel Adler Jr. noted in a post that Bitcoin is currently trading in the lowest range of the Rainbow Chart model — "basically a fire sale price". This represents an extreme discount relative to the cryptocurrency’s long-term price trajectory, and is not merely a measure of how much Bitcoin has declined. The Rainbow Chart model compares Bitcoin’s current price to its long-term trend, so the gap reflects the market’s deviation from historical patterns. The volatility-adjusted Z-Score now stands at -2.293, the lowest reading since 2016 and lower than the -1.979 recorded at the 2022 bear market bottom. This metric accounts for volatility differences across distinct market cycles, meaning the current downward deviation from the model is more severe than that seen at the last bear market’s trough. Bitcoin is now in an extreme discount zone, with the volatility-adjusted Z-Score hitting a 10-year low. This signals significant undervaluation relative to the model, but it does not alone confirm the final market bottom. Extremely low valuations point to a potentially attractive entry range, though a market reversal would need separate confirmation. Note: The Z-Score is a widely used standardized statistical metric that quantifies how far a data point lies from the mean, measured in units of standard deviation.
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Stepping into the fray! DeFiLlama reported the fraudulent app for months to no avail, and only after testing it themselves and falling victim to theft did Apple finally take it down from its App Store.
DeFiLlama founder 0xngmi posted on social media that for months, he has been working to get Apple’s App Store to take down a fake app impersonating DeFiLlama, repeatedly reporting trademark infringement and unauthorized impersonation of the official app to Apple. The team then loaded a small amount of funds into a test wallet, downloaded the fake application, and as expected, all funds in the wallet were stolen. The incident was reported to Apple, and the app was removed from the store within days. 0xngmi noted that he hopes other cryptocurrency companies will learn from this to avoid wasting time on similar efforts, as his team did.
42 minutes ago
Iran says it has reached an agreement with Oman on the plan for passage through the Strait of Hormuz.
According to CCTV News, on local time August 15, Iranian Foreign Ministry spokesperson Baghaei said that despite US obstruction, talks between Iran and Oman are still advancing actively, and the two sides have reached an agreement on a navigation plan for the Strait of Hormuz.
42 minutes ago
Thrive Capital took a $215 million position in Amazon shares.
According to Bloomberg, Joshua Kushner’s Thrive Capital has purchased approximately $215 million worth of Amazon shares, continuing the venture capital firm’s strategy of expanding into public market investments. The investment was disclosed in a regulatory filing on Friday, giving Thrive exposure to a large company that stands to benefit from artificial intelligence. Amazon gains from AI through offerings such as generative AI shopping tools and cloud computing infrastructure for other businesses. Earlier this month, Amazon’s market capitalization crossed $3 trillion for the first time, making it the fifth company to reach that milestone. Thrive declined to comment, while a representative for Amazon did not immediately respond to a request for comment. Thrive is known for early investments in firms including SpaceX, Stripe and OpenAI—OpenAI also has backing from Amazon. The VC firm’s other public market holdings include Figma Inc., StubHub Holdings Inc., and Oscar Health, which Kushner co-founded and incubated.
42 minutes ago
Wedbush Reiterates SanDisk's 'Outperform' Rating, Sets Target Price at $2,000
Wedbush reaffirmed its "Outperform" rating on SanDisk stock, setting a target price of $2,000. Wedbush analyst Matt Bryson stated that the firm believes its 2028 projections likely underestimate SanDisk's profitability. The company will repurchase a large volume of shares over the coming years; coupled with extended transaction cycles, these factors warrant a certain valuation premium.
42 minutes ago
Unitree Robotics IPO: Grey market trading rumors are unfounded, and the underlying risks should not be underestimated.
According to a report by Shanghai Securities News, recent market discussions have claimed that scalpers are buying shares of Unitree Technology off-exchange, with some intermediaries offering prices far exceeding the IPO offering price. In response, reporters verified with multiple senior market participants including investment institutions, private equity firms, and securities brokerages, all of whom stated they have not observed such activities, adding that the relevant rumors are largely unfounded. They also noted that such private off-exchange agreements and transactions are of questionable compliance, and investors are highly likely to suffer losses. CITIC Securities, the lead underwriter for Unitree Technology's IPO, also reminded that securities trading must strictly abide by laws, regulations and stock market trading rules, and should only be conducted through legally recognized channels with real-name accounts. It advised investors against blind follow-up speculation, urging them to adhere to rational and value-based investment principles, and carefully assess investment risks.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
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Recently, we wrote about creating a perp DEX in ten minutes with no code. That solves the exchange problem: branding, frontend, matching, liquidity, chains.
It doesn't solve the market problem.
Every perp DEX in crypto trades roughly the same assets. If your community wants to trade a token that hasn't launched, a Korean chipmaker, or a long-tail asset no listing committee will touch, you've historically had two options: wait, or go build an exchange from scratch.
Perp Anything is the third option. If it has a price feed, it can be a perp, and the builder who lists it owns the fee stream on it. These markets instantly go live across 400+ perp DEXs built on Orderly
Anything You Can Price, People Can Trade
Most venues start from a whitelist and ask what they're willing to add. Perp Anything starts from the opposite end: the universe is open, and the only real question is whether you can quote the market once it exists.
Start with what's already wired up. Orderly supports price feeds from the major centralized exchanges and from oracle networks like Pyth and Stork. Anything they cover, you can list today.
Then go past it. If nothing out there prices your asset, you become the price. Orderly lets you publish your own feed and build a market on top of it - from your own index service, your own data vendor, your own model.
That opens up markets that don't exist anywhere:
Equities: Tesla, Nvidia, Apple, Samsung, SK Hynix, Alibaba. Around the clock, no broker, open to anyone with a wallet.
Commodities and FX: gold, crude, yen. Continuous, on-chain, with leverage.
Indexes: S&P 500, Nasdaq 100.
Pre-launch tokens: real price discovery before the token formally exists.
Long-tail crypto: anything too small, too new, or too strange for a listing committee.
Things nobody has traded before: a basket, a spread, a ratio, an index you define yourself.
That last one is the part people skip past. Your feed doesn't have to follow an asset someone else already trades. It can be something you invent. Perp markets have existed for years and the set of tradeable things has barely moved. There's no good reason for that except that nobody was allowed to try.
Markets like the New York Stock Exchange are open thirty-two hours a week. The market you launch is open 24/7.
The Economics
Two revenue streams come out of a Perp Anything market, and they work differently.
Trading fee share: 50% of Orderly base taker fees on your market, settled daily to your DEX Admin account.
The math is simple enough to do in your head. At a 3.00 bps base taker fee, $1,000,000 of taker notional on your market generates $300 in Orderly base fees. $150 of that is yours.
Liquidation revenue: When leveraged traders in your market get liquidated, the IF-side portion of the liquidation fee accrues to your Insurance Fund account — the one you funded and control. It isn't split with Orderly, and it isn't part of the daily fee-share settlement. Volatile long-tail markets liquidate often, and your IF is where that lands.
Use the calculator on our Perp Anything page to estimate your earnings:
The 5 Steps to Perp Anything on Orderly
Create a DEX. Setup and graduate a DEX on Orderly One and select Perp Anything on the admin panel
Set up the Insurance Fund and its deposit. Deposit $25,000 into the insurance fund on the Perp Anything dashboard, per effective symbol. This is a deposit, not a fee. It's withdrawable if the market is delisted and obligations settle.
Configure and schedule. Decide the market you want to list, its parameters, its price sources, and schedule a launch.
Market making. Set up the market making process for your market whether its owned by you or a market making partner (feel free to contact @Orderly_C on Telegram for help)
Go LIVE! Once your liquidity requirements are met, your market can go live across 400+ DEXs
Who This Is For
Token teams who want a perp on their asset, or price discovery before TGE, without waiting on a listing committee
Trading communities and KOLs whose audience wants markets no venue offers
Quant shops and market makers who already have the pricing and inventory management, and would rather earn the exchange's cut than pay it
RWA and TradFi-native teams bringing equities, commodities, or FX on-chain with their own data
Existing Orderly builders turning a DEX into a venue with markets nobody else has
Creative builders who have grandiose ideas for long-tail markets they want to bring to the masses
The Cost of Entry
The $25,000 insurance fund is the investment required for a perp market but your IF balance at the time of closing a market also gets returned. It is not a permanent cost.
The other cost is liquidity. You are responsible for quoting your market through a market maker relationship, or with your own algos. If you need assistance here feel free to contact @Orderly_C on Telegram or @OrderlyNetwork on X.
Launch your market · Read the docs
FAQ
Who can use Perp Anything?
Everyone. There's no approval queue and no gatekeeper: create a DEX, set up the insurance fund and its deposit, configure and schedule your market, start market making, go live.
What do I need to list a perp market?
A valid price source and a $25,000 USDC Insurance Fund deposit. The deposit is refundable when the market is delisted and obligations are settled.
Can I list a market on a token that hasn't launched?
Yes. Pre-TGE Listing uses a synthetic order-book-derived oracle with 5x max leverage and no funding fee charged. You decide the ticker and a reference initial price first, then transition to a regular market after TGE.
Can I use my own oracle for creating a perp market?
Yes, either a builder-pushed WebSocket feed or a Bring Your Own Key connection to Pyth or Stork. Both can be blended with Orderly's CEX and platform oracle sources using weights that sum to 100.
How many perp markets can I list?
You can list as many perp markets as you want on Orderly as long as you have insurance funds with $25,000 per symbol
Who provides liquidity?
You do. You provide via market makers you work with or market-making algorithms you run. Community listed liquidity depends entirely on the builder's setup, which is why spreads and depth vary between these markets and standard ones.
What happens if my perp market goes bad?
Risk stays scoped to your market. Losses draw on your assigned Insurance Fund, ADL applies only to positions in that market, and Orderly can restrict or delist it if depth, funding, IF coverage, or price sources deteriorate.
Is Orderly operating these markets?
No. Every Perp Anything market is created and operated by a builder. Orderly provides the infrastructure and automated guardrails, and is not responsible for the performance, liquidity, or risk management of these markets.
Fireblocks has added TRON to its Flow payment infrastructure, letting payment service providers and fintech companies accept stablecoin payments directly from TRON wallets. The integration, which went live on August 12, opens up TRON’s sprawling stablecoin ecosystem to the more than 2,400 institutions already using Fireblocks.
What Fireblocks Flow actually does
Fireblocks Flow launched on June 2, 2026, during Money20/20 Europe. Think of it as a universal adapter for digital asset payments: one integration that handles wallet connectivity, compliance, settlement, and reconciliation all in a single stack.
Before this update, Flow supported EVM-compatible networks, Solana, Sui, and Bitcoin. TRON is now the newest addition to that source-chain roster.
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A payment service provider can now accept a TRON-based stablecoin deposit from a customer’s wallet and settle it in whatever stablecoin the merchant has configured. No juggling multiple integrations, no bolting together separate compliance layers for each chain.
Flutterwave was among Flow’s initial launch partners, signaling that the product was designed with emerging-market payment corridors in mind from day one.
Why TRON matters for stablecoin payments
Fireblocks itself has secured over $14 trillion in cumulative digital asset transactions across more than 100 chains.
The institutional stablecoin push accelerates
Earlier mentions of TRON’s potential integration with Fireblocks Flow surfaced in July 2026, with official confirmation arriving in mid-August.
Both Fireblocks and TRON DAO framed the move as bringing TRON’s established payment infrastructure into a professional-grade environment used by over 2,400 institutions.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
@FireblocksHQ has added @trondao support to Flow, its stablecoin acceptance product for payment service providers and fintechs. Businesses using Flow can now accept payments and deposits from Tron wallets, with settlement handled in a stablecoin of their choosing.
What Flow does Fireblocks launched Flow in June 2026, billing it as a way for PSPs and fintechs to accept digital assets without building out separate wallet connectivity, compliance tooling, conversion infrastructure, and reconciliation systems. The platform, unveiled at Money20/20 Europe in Amsterdam, integrates into a payment company's existing transaction process and lets all its merchants accept payments in any digital asset, settling funds in the stablecoin of their choice. Flow supports more than 800 wallet types across EVM networks, Solana, and Bitcoin, along with exchange deposits from Coinbase, Kraken, and Crypto.com. Flutterwave, Africa's largest payment company, is among the launch customers that added the solution into its stablecoin infrastructure. Tron was listed as a planned addition at launch and has now been formally integrated.
Why Tron matters for payments The timing reflects Tron's growing weight in global stablecoin flows. Tron processed $2.1 trillion in $USDT transfers during the second quarter of 2026 as its stablecoin market reached a record $89.2 billion, according to Messari's August 10 report. As of June 30, approximately 93% of Tron's total stablecoin transfer volume was peer-to-peer, the highest share among all chains tracked. Near-zero transaction fees, fast confirmation times, and EVM-compatible tooling make it the preferred rail for high-volume, cost-sensitive transfers, particularly in emerging markets and for remittance use cases.
For Flow users, the addition opens a direct channel into that volume. Businesses can now reach senders in remittance corridors where Tron wallets holding $USDT are a common payment method, without managing a separate blockchain integration.
Sources:
Fireblocks Flow launch press release, PR Newswire, June 2026
Introducing Fireblocks Flow, Fireblocks Blog, June 2026
TRON USDT transfers hit $2.1T, Crypto.news, August 2026
Bitcoin products still took 78.5% of the $133.3 billion traded in global crypto ETPs during July, even as ether led the money coming in.
Global crypto exchange-traded products drew a net $600 million in July, their first positive month since April, 21Shares said in a monthly flows report published Aug. 10.
Ether-native products took $350 million of that, roughly twice the $176 million that went into bitcoin-native products.
XRP products added $34 million, Solana products $13 million and baskets $7 million, according to the report, which cites Bloomberg data for the five largest underlyings by assets under management.
The month ends a short but heavy stretch of redemptions. The same Bloomberg-sourced series shows $2.5 billion leaving crypto ETPs and ETFs in May and $4.4 billion in June, after $2.9 billion of inflows in April.
Bitcoin products still dominated trading even as ether led creations. 21Shares put global crypto ETP and ETF turnover at $133.3 billion in July, with bitcoin accounting for 78.5%, Ethereum 11.1%, other assets 9.1% and Solana 1.3%. Ether's flow lead therefore came off a far smaller activity base rather than a wholesale rotation out of bitcoin products.
Two Sets of US Numbers21Shares analyst Matt Mena tied the flow turn to July's price action, writing that bitcoin closed the month up roughly 8%, its best monthly return since April 2026, while the S&P 500 fell 1% and the Nasdaq 100 fell 7%. Ether outpaced bitcoin with a 19% gain.
He also wrote that U.S. Solana ETFs have drawn roughly $341 million in net flows year to date and have posted positive net inflows every month since launching in November 2025.
The ether bid has held past the report's cutoff. Farside Investors' daily series of U.S. spot ether ETF flows shows net inflows of $53.1 million on Aug. 4, $60.8 million on Aug. 5, $92.1 million on Aug. 6 and $49.6 million on Aug. 7, following an $11.9 million outflow on Aug. 3.
The Defiant previously reported that bitcoin and ether spot ETFs reversed a weekly outflow streak.
The trenches are alive with the sound of memetic warfare. Volume is returning, 8-figure runners are back in vogue, and perennial market leader pump.fun is facing off another challenger to its reign of power.
After recording 6 straight weeks of new all-time highs in weekly volume, fomo is rapidly becoming crypto’s favorite place to trade. But the social-trading app’s success hasn’t gone unnoticed, sparking allegations that pump.fun is enticing top traders into exclusivity deals.
Meanwhile, 6th Man Ventures Managing Partner Mike Dudas has stepped into the trenches, distributing profits among users of the pumpfun app.
fomo Records All-Time High Volume for 6th Straight Week fomo, an emerging social trading app, is enjoying a blistering run. According to Dune Analytics data, fomo has just recorded its 6th consecutive week of all-time highs in weekly trading volume.
While surging activity on chains like Robinhood and BNB has brought a tremendous boost to fomo’s volume, Solana remains the app’s most popular venue, commanding 50.18% of trader volume share.
Beyond volume, fomo founder Se Yong Park opines that the application has witnessed a tenfold increase in weekly traders.
As is often the case in the onchain economy, where volume flows, revenue follows. According to Blockworks data, fomo has just recorded a new weekly all-time high in revenue generation. Netting over $2M in revenue, fomo is beginning to challenge Axiom, briefly flipping the sector leader in daily fees on August 6th.
However, fomo’s wildfire success may have put a target on its back, with the platform’s top traders allegedly getting generous exclusivity offers to abandon the venue in favor of its competitors.
Critics Take Shots at Pump’s Latest Growth Strategy With fomo gaining ground as one of crypto’s leading trading platforms, competitors are eager to replicate its success. On August 7th, pumpfun unveiled its social trading feature, enabling users to “call out” tokens to their followers. pump.fun CEO sapijiju asserts the pump.fun app is witnessing new alltime highs in daily active users, who are evidently attracted by the platform’s fee-free model.
High-profile public traders and KOLs are flocking to pump, sparking theories that Solana’s most successful application is promising cash in exchange for trader’s exclusivity. Unverified screenshots are circulating social media platforms like 𝕏, implying that pump is offering traders up to $30k a month to shifting their activity to the iconic memecoin app.
Despite the cries of foul play from critics, reputable crypto lawyers like Ariel Givner have asserted that exclusivity deals are “perfectly fine” from a legal perspective. Other commentators have noted that deals of this nature are commonplace in business, drawing parallels to professional athlete sponsorships.
Meanwhile, the official Solana 𝕏 account has leaned into the conflict, posting a poll gauging sentiment towards the two apps from the crypto twitter hivemind.
Mike Dudas Enters the Memecoin Trenches As Solana’s memecoin economy approaches escape velocity, some of crypto venture’s biggest allocators are tipping their toes into the trenches. 6th Man Ventures Managing Partner Mike Dudas, a pumpfun investor, made a splash over the weekend, becoming the main character behind another “overnight memecoin millionaire” story.
After taking a position in $TOAD, a memecoin inspired by the ‘original pepe’, the coin’s community and creators began sending the public figure additional tokens. In a matter of hours, $TOAD soared to an all-time high market cap of $21M, driven by the belief that Dudas was in possession of over 17% of the supply.
Similar to the $ANSEM playbook, Dudas has begun periodically distributing $TOAD tokens to the coin’s various supporters and community members. Pockets of the crypto community have called the $TOAD run a clever marketing ploy by pump, designed to attract traders to the platform in the hope of replicating Dudas’ success and transforming $200 into millions through sheer memetic energy.
$PUMP, the platform’s native token, has been one of the great benefactors of Solana’s memecoin renaissance. With 50% of protocol revenue pouring directly into programmatic buybacks, $PUMP has been one of the network’s best-performing assets, climbing 87% in the last 30 days.
Read More on SolanaFloor One of Solana’s oldest perps exchanges is closing its doors
Flash Trade Winds Down, Citing Shrinking Market and Ethical Misalignment with Crypto's Direction
Microsoft's autonomous SRE service can execute runbooks and modify infrastructure. A missing-authorization vulnerability lets attackers bypass its authority boundary — and there is no customer-side patch.
Microsoft has disclosed CVE-2026-62830, a critical elevation of privilege vulnerability in the Azure SRE Agent. With a CVSS 3.1 base score of 9.9, the flaw is defined by a Scope Changed (S:C) vector — the mechanic that drives the severity, because it lets an attacker bypass the agent’s security boundary and reach resources across the broader infrastructure it manages.
The Azure SRE Agent is an autonomous, AI-powered service that executes runbooks, modifies infrastructure, and responds to incidents. It operates using tenant-scoped managed identities. The vulnerability, categorized under CWE-862: Missing Authorization, stems from a failure in the agent’s on-behalf-of (OBO) elevation flow. Breaking the authority-enforcement boundary of this flow allows unauthorized privilege escalation — on an agent that can execute runbooks and modify infrastructure.
Because the Azure SRE Agent is tagged as an exclusively-hosted service in the NVD record, there is no customer-side patch. Microsoft has implemented a service-side fix. Customer action: audit managed identity assignments, review RBAC configurations, and monitor for anomalous privilege elevation. No proof of concept has been published.
The vulnerability sits inside a pattern that has accelerated through the summer. ChatMate CVE-2026-32193 introduced Remote Prompt Execution — a new class where a single poisoned document becomes a bidirectional shell inheriting the victim’s identity, data, and cloud access through a five-stage chain. Langflow CVE-2026-9198 triggered a CISA emergency deadline (BOD 26-04, due today) after unauthenticated RCE was found in the platform’s default configuration. Unit 42 documented an autonomous attack campaign where threat actors selected DeepSeek specifically because its safety guardrails were weakest.
Confirmed alongside other critical updates during Black Hat USA 2026 as reported by SecurityWeek, CVE-2026-62830 is one of six vulnerabilities rated 9.9 or higher in Microsoft’s August batch. Three others — CVE-2026-63508, CVE-2026-56162, and CVE-2026-65667 — carry a maximum 10.0 rating.
The scope-change vector is what separates this from a standard privilege escalation. When the OBO flow breaks, the attacker inherits the agent’s service principal permissions across the managed environment. The blast radius extends beyond the agent to every infrastructure resource its managed identity can reach — runbooks, telemetry, incident tooling, and the Azure resources they touch.
Ethoswarm Heath Callahan works for Forkast.
Minds can also work for you.
Minds are persistent AI beings with instincts, identity, and a job.
Awaken one on Ethoswarm.
A new institutional liquidity layer for AlgorandThe @AlgoFoundation has teamed up with @FlowTraders to deliver continuous institutional liquidity across the Algorand network. Under the partnership, Flow Traders will make $ALGO available to institutional counterparties through its global execution infrastructure, with access via FIX, OMS/EMS, ECNs, or high-touch OTC, and settlement available in fiat or stablecoins.
Flow Traders is a well-established name in global markets. Founded in 2004, the firm built its business on European equity ETFs before expanding across asset classes. It now trades over EUR 7 trillion in annual value across more than 150 venues, with more than 1,600 active counterparties. In recent years it has stepped up its presence in digital assets, including a 24/7 OTC offering for tokenized money-market funds, equities, and commodities launched in March 2026.
Amar Odedra, Chief Commercial Officer at the Algorand Foundation, said the partnership means Algorand's infrastructure now benefits from Flow Traders' continuous, institutional-grade liquidity, adding that deep and reliable liquidity in $ALGO gives institutional counterparties the confidence to engage with the network at scale.
Targeting Algorand's growing RWA ecosystemThe deal arrives as @Algorand continues to develop one of the more active real-world asset ecosystems in crypto, spanning real estate, commodities, private credit, and stablecoins, with participants including Lofty, Enel, Aberdeen, and Meld. According to the Algorand Foundation, the network processed 23.2 million tokenized-asset transactions in Q2 2026.
The broader tokenized RWA market has expanded sharply, with the total surging 256% to $19.3 billion by the end of Q1 2026, according to CoinGecko data. For Algorand, securing a liquidity provider of Flow Traders' scale is a direct response to that momentum, and a signal of the network's intent to compete for a larger share of institutional flows as the RWA market matures.
Sources:
Flow Traders and Algorand Foundation official announcement via PR Newswire
Flow Traders OTC tokenized assets launch via PR Newswire
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Net losses decreased to $164 million compared to $263 million in the same quarter last year.
Stock price gained momentum following the earnings announcement, reflecting investor optimism about financial trajectory.
Snap (SNAP) stock closed with a 7.46% increase at $5.04, subsequently rising another 6.34% in pre-market trading to reach $5.37. The upward movement came after the social media company reported solid second-quarter results featuring enhanced revenue performance, improved profit margins, and substantially better cash flow generation. The quarter also demonstrated progress in reducing operating losses while sustaining a significant global user community.
Snap Inc., SNAP
Strong Advertising Performance Drives 19% Revenue Growth The Snapchat parent company reported second-quarter revenue of $1.60 billion, representing a significant increase from $1.35 billion recorded in the comparable period last year. This 19% year-over-year expansion demonstrated accelerating business momentum across the platform’s core operations. Enhanced advertising effectiveness combined with growing direct revenue channels fueled the quarterly performance.
The company has persistently enhanced its advertising technology to deliver more measurable outcomes for brand partners and marketers. Improved campaign metrics and targeting capabilities helped drive increased advertiser spending on the Snapchat platform. Additionally, the expansion of direct revenue streams provided diversification beyond traditional advertising income.
The platform served 971 million monthly active users throughout the quarter. This substantial user base provides advertisers with extensive reach while creating opportunities for subscription-based offerings across multiple geographic regions. Nevertheless, the company faces ongoing challenges in maximizing revenue extraction from its engaged user community.
Profitability Metrics Show Substantial Progress The social media platform reduced its quarterly net loss to $164 million, down from $263 million reported in the year-ago quarter. This meaningful improvement stemmed from accelerated revenue expansion combined with more disciplined operational expenditure management. The company continues making strides toward achieving sustainable profitability over time.
Adjusted EBITDA surged to $250 million versus just $41 million in the previous year’s second quarter. This dramatic expansion demonstrated significant operational leverage as top-line growth outpaced adjusted expense increases. The improvement also enhances Snap’s capacity to finance product development and innovation using internally generated funds rather than external financing.
Operating cash flow totaled $176 million during the period, doubling from $88 million generated one year prior. Free cash flow climbed to $121 million from merely $24 million in the comparable quarter. These metrics indicate that Snap successfully transformed a greater portion of its revenue into usable cash resources.
Strategic Focus on Sustainable Growth Snap maintains strategic emphasis on strengthening its advertising ecosystem within Snapchat while simultaneously growing subscription-based consumer offerings. This diversified approach seeks to establish multiple revenue channels and decrease reliance on any single income source. The organization continues allocating resources toward features and products that enhance both user engagement and monetization potential.
Company leadership has consistently stressed the importance of expense discipline and maximizing free cash flow generation on a per-share basis. This philosophy prioritizes financial efficiency and returns over aggressive growth without regard to profitability. As a result, future investments will concentrate on initiatives demonstrating tangible revenue potential or meaningful engagement improvements.
The company reported 1.68 billion common shares outstanding at the end of June, maintaining the same count from the previous year. This stable share base prevented additional shareholder dilution during a period characterized by improving operational metrics. In summary, the quarter delivered accelerated growth, reduced losses, and markedly enhanced cash generation capabilities.
Oliver Dale
Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all. His writing has been quoted by Nasdaq, Dow Jones, Investopedia, The New Yorker, Forbes, Techcrunch & More. Contact [email protected]
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
Changxin Technology saw a short-term rally today, with all short-selling whales liquidated within 30 seconds of the market opening.
Changxin Technology opened at 52.20 yuan today, then quickly surged to 53.89 yuan, up 3.24% from its opening price. Meanwhile, CXMT contracts on Hyperliquid hit a high of $7.646, with a maximum increase of 6.10% within the first minute of trading; as of press time, CXMT has fallen back to $7.2962. According to Hyperinsight monitoring, just 34 seconds after the opening, a whale address starting with 0xf91 was subject to two consecutive forced liquidations, with a total of 246,900 CXMT short positions fully liquidated. The average liquidation price was approximately $7.52, with a total liquidation volume of around $1.858 million, resulting in a loss of about $95,400. The whale initiated a TWAP sell order lasting roughly 10 hours last night, planning to short 250,000 CXMT contracts. By around 9 a.m. today, the whale had almost completed building its short positions, with an average entry cost of roughly $7.138. The same address had gone long on 150,000 CXMT contracts the day before. After closing its long positions, it flipped to short following Changxin Technology's sharp rise on its third trading day, with only one night between switching to short and being liquidated.
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Wall Street questions Walsh's policy communication, while JPMorgan Chase has brought forward its forecast for the first interest rate hike to December this year.
Following the Federal Reserve’s interest rate decision, Fed Chair Waller’s post-meeting press conference failed to clearly outline future policy paths, sparking Wall Street’s doubts about his inflation-fighting stance. JPMorgan Chase subsequently sharply brought forward its forecast for the Fed’s first interest rate hike from the second half of 2027 to December 2026, arguing that Waller failed to clarify how he would deliver on the inflation-fighting commitments he had emphasized. Multiple institutions believe that the three dissenting votes in favor of raising interest rates at this FOMC meeting carry more significant signaling value than the decision to hold rates steady itself. Bob Michele, chief investment officer at JPMorgan Asset Management, noted this signals the Fed is gradually shifting to a more restrictive policy stance; Jim Bianco, president of Bianco Research, pointed out that against the backdrop of Waller downplaying forward guidance, the dissenting votes better reflect the true internal leanings of the FOMC, and the September meeting may become a key turning point for policy shifts.
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Trump backs Waller, slams the Federal Reserve Board; the FOMC faces rare policy rifts in the early tenure of its new chair, a scenario unseen in nearly 50 years.
U.S. President Donald Trump said Federal Reserve Chair Kevin Warsh "wants to see lower interest rates" but was constrained by a "politicized committee" and thus failed to push for rate cuts. This week’s FOMC meeting voted 9 to 3 to hold interest rates steady, with three members publicly backing a 25 basis point rate hike. This marks the first time since 2016 that three dissenting votes aligned in the same direction, and a rare large-scale internal policy rift in the early tenure of a new Fed chair in nearly 50 years. Warsh reiterated after the meeting that if inflation remains elevated and the labor market stays robust, a rate hike could still be a future policy option, adding that the Federal Reserve will not adjust its policies based on market expectations. Markets currently widely view the September meeting as a key window to watch whether the Fed will resume rate hikes.
7 minutes ago
Samsung Electronics: Not considering issuing US ADRs for the time being, and holds an open stance on future plans.
Samsung Electronics stated that it is not currently considering issuing American Depositary Receipts (ADRs), but remains open to the possibility of issuing ADRs over the medium and long term.
7 minutes ago
Robinhood's Q2 results beat expectations: Revenue hits $1.31 billion, net profit surges year-over-year to $573 million.
Robinhood (HOOD) has released its Q2 2026 financial results. The data shows the company’s Q2 revenue reached $1.31 billion, exceeding the market expectation of $1.28 billion; earnings per share (EPS) stood at $0.62, higher than the expected $0.43; net profit was $573 million, also above the market forecast of $390 million. Additionally, as of the end of Q2, Robinhood’s total platform assets hit $369 billion, up 32% year-over-year; the number of paid Gold subscription users rose to 4.8 million, a 39% year-over-year increase; average revenue per user (ARPU) reached $187, growing 24% year-over-year. Overall, the company’s performance exceeded market expectations across the board. Robinhood’s stock fell 1% in U.S. after-hours trading.
7 minutes ago
South Korea's KOSPI index breached the 5,900-point mark, with its intraday gain widening to 4.25%.
According to Bitget market data, South Korea’s KOSPI index has broken through the 5,900-point mark, with its intraday gain expanding to 4.25%. Samsung Electronics rose 4.5%, and SK Hynix gained 2%.
