We recently closed out of our position in Terreno (TRNO) and wanted to walk readers through our thought process and how we look at the company today.
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We sold shares on 7/9/2026. For readers interested, we will post all the sales at the end of the article.
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Before we sold, Terreno was flirting with the border between our neutral/overpriced ranges. Shares were trading at 31.4x consensus forward AFFO. Technically, it’s probably a little bit lower if we factor in that Q2 2027 AFFO per share will probably be higher than Q2 2026 AFFO per share. However, even adjusting for higher AFFO, the multiple would still be very large.
July 9th Thought Process Terreno has been one of my favorite REITs for several years. I viewed it as a great long-term position. However, I am looking at shares trading over 30x forward AFFO while the 2-year Treasury is over 4% (4.16% presently), the 10-year is at 4.535%, and the 30-year is at 5.054%. I’m feeling a bit skeptical about multiples around 30x AFFO (or higher) in this environment. If we assume that REITs with more “normal” growth levels typically trade around 14x to 20x AFFO, then we have to assume several years of strong growth. While that’s certainly possible, I wouldn’t want to use it as the base scenario.
AFFO Estimates And Multiple Our sheets are currently using a forward estimate of $2.19.
If we were to use AFFO estimates for the next 4 quarters starting with Q3 2026, then the consensus estimate would increase to $2.25. That’s better, but not substantially better.
Even if we use the $2.25 value, at $68.68 shares would be trading a hair over 30.5x forward AFFO estimates.
If we use $2.18 or $2.19, the multiple is 31.36x or 31.50x, respectively.
That’s a pretty high multiple given the Treasury yields. While I still really like TRNO, I felt it was prudent to harvest gains here.
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Note: TRNO has rallied even higher since we closed our position. As of 7/15/2026, shares are at $72.09.
Why TRNO Can Achieve A High Multiple Our thesis played out well with the industrial real estate portfolio delivering strong growth in same property NOI (Net Operating Income). That drove significant growth in AFFO per share, which supports TRNO trading at pretty high multiples of AFFO per share. The market likes seeing strong growth across several key indicators. However, the valuation still hit a point where I felt it was prudent to just take the gains.
Issuing Shares TRNO was issuing equity during Q1 2026:
TRNO
They felt it was reasonable to issue it at $64.85, and I agree with them. That was a very reasonable price for choosing to issue new equity. Issuing at $68.68 (5.9% higher) would make even more sense. That’s the right choice for management as they look to maximize value for shareholders.
Impact Of Treasury Rates The last time I purchased TRNO was in 2023 at $62.99. That’s not dramatically lower than the current price. The AFFO multiple was similar. What changed?
Well, the interest rate scenario changed quite a bit as shown by the 10-year and 30-year Treasury rates:
MBSLive
MBSLive
The 10-year Treasury yield is up 60 basis points (that means 0.60%) and currently trending higher (based on the current yield relative to the moving averages). The 30-year is up just over 100 basis points and also in a trend higher.
That feels ugly. It’s been less of an issue for TRNO since they have such little debt on their balance sheet. Consequently, they have been less exposed to interest rate pressure than most equity REITs. However, it makes it harder to justify high multiples.
Adjusted EBITDA/Total Enterprise Value Doing a full model for “Market Implied Cap Rate” is pretty slow. In theory it seems like it would be quick to update, but in practice it can get messy doing quarter after quarter.
A simpler method is calculating adjusted EBITDA to Total Enterprise Value. It is less precise (which is negative), but it factors in overhead (which is positive).
Total Enterprise Value = Market value of equity + total debt + preferred stock + minority interest - cash and near-cash items.
Often there won’t be preferred stock or minority interest, which makes it even simpler.
The bigger question is simply which version of EBITDA we want to use. Do we use the most recent quarter? Do we try to run a forward estimate? Sometimes the answers matter a great deal, and sometimes they don’t. In this case, the picture is pretty clear regardless. One adjustment I really like to make, though, is to revise “adjusted EBITDA” by deducting stock-based compensation. That’s fundamentally overhead by another name.
Goal Of Calculation This is a way to approximate the amount of adjusted EBITDA the company is producing relative to the total value assigned to the company.
It can be a quick way to compare REITs. However, investors should be aware that all REITS do not simply deserve to trade at the same valuation. That would be silly. Some properties are simply more desirable, and some management teams are superior. For now I’m simply going to refer to adjusted EBITDA minus stock-based compensation as “revised EBITDA.” I wanted to compare TRNO with Rexford (REXR).
Using Q1 2026, I came to the following estimates when removing stock-based compensation:
TRNO at $68.62 has a revised EBITDA yield of 3.96%. This is why it makes sense for TRNO to issue shares.
REXR at $34.42 has a revised EBITDA yield of 6.12%. This is why it makes sense for REXR to repurchase shares.
Note: We don’t want to use growth rates in adjusted EBITDA or revised EBITDA unless we control for the expected change in the shares outstanding and net debt outstanding.
That’s the gap in valuation. It is very material.
Hypothetically, what if REXR climbed all the way to our “overpriced” level? The revised EBITDA yield would drop from 6.12% to 4.79%.
Final Thoughts I expect that TRNO will do a better job (than REXR) of growing every metric over the next year or two. However, I don’t expect it to be remotely large enough to offset the enormous gap in these valuation metrics.
We currently view TRNO as overpriced despite the company's strong execution. Even after our sale, shares continued climbing. We'll continue watching the company closely because it's still one of my favorite REITs. I simply don't like today's valuation. Here is the record of our sale:
[url="]Dynatrace (NYSE: DT)[/url], the leading AI-powered observability platform, today announced that Gartner has named it a Leader in the [url="]2026 Magic Q
MOUNTAIN VIEW, Calif.--(BUSINESS WIRE)--Coursera, Inc. (NYSE: COUR), a leading global online learning platform, today announced it will release its financial results for the second quarter ended June 30, 2026 after the U.S. stock market closes on Wednesday, July 29, 2026. The company will issue the results via a press release with accompanying consolidated financial information before holding a conference call broadcast at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Conference Call Details
A live, audio-only webcast of the conference call and earnings release materials will be available to the public on the company’s investor relations website at investor.coursera.com. An archived replay will be accessible in the same location for one year.
Disclosure Information
In compliance with disclosure obligations under Regulation FD, Coursera announces material information to the public through a variety of means, including filings with the Securities and Exchange Commission (“SEC”), press releases, company blog posts, public conference calls, and webcasts, as well as via Coursera’s investor relations website.
About Coursera
Coursera was launched in 2012 by Andrew Ng and Daphne Koller with a mission to provide universal access to world-class learning. Coursera partners with leading university and industry partners to offer a broad catalog of content and credentials, including courses, Specializations, Professional Certificates, and degrees. Coursera’s platform innovations — including AI-powered personalized guide and features, like Role Play and Course Builder, and role-based solutions like Skills Tracks — enable instructors, partners, and companies to deliver scalable, personalized, and verified learning. Institutions worldwide rely on Coursera to upskill and reskill their employees, students, and citizens in high-demand fields such as GenAI, data science, technology, and business, while learners globally turn to Coursera to master the skills they need to advance their careers. Coursera is a Delaware public benefit corporation and a B Corp. Coursera recently combined with Udemy to create one of the world’s most comprehensive skills development platforms.
Key Takeaways NVIDIA combines strong earnings growth expectations with positive estimate revisions for the current year. Neurocrine Biosciences qualified with rising earnings estimates and projected earnings growth of 48.4%. Ball made the screen on improving earnings estimates and expected 11.8% earnings growth this year. Earnings growth is essential for organizations of all sizes because sustained profitability is key to survival. To calculate earnings, examine a company’s revenues over a certain period and subtract the production costs. A company’s earnings have a significant influence on its share price, with earnings expectations playing a key role in determining market performance.
Against this backdrop, NVIDIA Corporation (NVDA - Free Report) , Neurocrine Biosciences, Inc. (NBIX - Free Report) and Ball Corporation (BALL - Free Report) are delivering strong and impressive earnings growth, making them compelling investment opportunities for the second half of this year.
Earnings Estimates & Share Price Movements We have frequently seen stock prices decline despite earnings growth or rally after an earnings decline. This is largely the result of a company’s earnings failing to meet market expectations.
Earnings estimates reflect analysts’ views on factors such as sales growth, product demand, the competitive industry environment, profit margins, and cost control. Consequently, earnings estimates are a valuable tool for making investment decisions. They also help analysts evaluate cash flow to determine a firm's fair value.
Thus, investors should be on the lookout for stocks ready to make a big move. Such stocks should have a history of earnings growth and rising quarterly and annual earnings estimates.
Research Wizard: Your Shortcut to Finding Winning StocksTo shortlist stocks that have striking earnings growth and positive estimate revisions, we have added the following parameters:
Zacks Rank less than or equal to 2 (Only Zacks' 'Buys' and 'Strong Buys' are allowed. With the Zacks Rank proving itself to be one of the best rating systems out there, this is a great way to start things off.)
5-Year Historical EPS Growth (%) greater than X-Industry (stocks with a strong EPS growth history).
% Change EPS F(0)/F(-1) greater than or equal to 5 (companies that saw year-over-year earnings growth of 5% or more in the last reported fiscal).
% Change Q1 Estimates over the last 4 weeks greater than zero (stocks that have seen their current quarter earnings estimates revised higher in the last 4 weeks).
% Change F1 Estimates over the last 1 week greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 1 week).
% Change F1 Estimates over the last 4 weeks greater than zero (stocks that have seen their annual earnings estimates revised higher in the last 4 weeks).
The above criteria narrowed the universe of around 7,839 stocks to only 24. Here are the top three stocks:
NVIDIA NVIDIA is a leading AI infrastructure company with operations across the United States, Taiwan, China, Hong Kong, Europe and other global markets. The company’s expected earnings growth rate for the current year is 90.8%. NVDA currently has a Zacks Rank #2 (Buy) (read more: Missed NVIDIA's 900% Run? Micron Could Be AI's Next Big Winner).
Neurocrine Biosciences Neurocrine Biosciences is a biopharmaceutical company focused on developing treatments for neurological, neuroendocrine and psychiatric disorders. The company’s expected earnings growth rate for the current year is 48.4%. NBIX currently has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Ball Ball supplies aluminum packaging solutions for the beverage, personal care and household products industries worldwide. The company’s expected earnings growth rate for the current year is 11.8%. BALL currently has a Zacks Rank #2.
, /PRNewswire/ -- ACRES Commercial Realty Corp. (NYSE: ACR) (the "Company") announced today that it will release its results for the second quarter 2026, on Wednesday, July 29, 2026, after the market closes. The Company invites investors and other interested parties to listen to its live conference call via telephone or webcast on Thursday, July 30, 2026, at 10:00 a.m. Eastern Time.
The conference call can be accessed by dialing 1-800-274-8461 (U.S. domestic) or 1-203-518-9814 (International), Conference ID ACRES or from the investor relations section of the Company's website at www.acresreit.com.
For those unable to listen to the live conference call, a replay will be available on the Company's website and telephonically through August 13, 2026 by dialing 1-844-512-2921 (U.S. domestic) or 1-412-317-6671 (International), passcode 11161827.
About ACRES Commercial Realty Corp.
ACRES Commercial Realty Corp. is a real estate investment trust that is primarily focused on originating, holding and managing commercial real estate mortgage loans and may hold equity investments in commercial real estate properties through direct ownership and joint ventures. The Company is externally managed by ACRES Capital, LLC, a subsidiary of ACRES Capital Corp., a private commercial real estate lender exclusively dedicated to nationwide middle market CRE lending with a focus on multifamily, student housing, hospitality, industrial and office property in top U.S. markets. For more information, please visit the Company's website at www.acresreit.com or contact investor relations at [email protected].
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- Antero Resources (NYSE: AR) ("Antero" or the "Company") today announced that the Company plans to issue its second quarter 2026 earnings release on Wednesday, July 29, 2026 after the close of trading on the New York Stock Exchange.
A conference call is scheduled on Thursday, July 30, 2026 at 9:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9079 (U.S.), or +1 201-493-6746 (International) and reference "Antero Resources." A telephone replay of the call will be available until Thursday, August 6, 2026 at 9:00 am MT at 877-660-6853 (U.S.) or +1 201-612-7415 (International) using the conference ID: 13758945. To access the live webcast and view the related earnings conference call presentation, visit Antero's website at www.anteroresources.com. The webcast will be archived for replay until Thursday, August 6, 2026 at 9:00 am MT.
Antero Resources is an independent natural gas and natural gas liquids company engaged in the acquisition, development and production of unconventional properties located in the Appalachian Basin in West Virginia. In conjunction with its affiliate, Antero Midstream (NYSE: AM), Antero is one of the most integrated natural gas producers in the U.S. The Company's website is located at www.anteroresources.com.
Resources Investor Relations Journalists Agencies Client Login Send a Release News Products Contact , /PRNewswire/ -- EQT Corporation (NYSE: EQT) today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.165 per share, payable on September 1, 2026, to shareholders of record at the close of business on August 5, 2026.
About EQT Corporation
EQT Corporation is a premier, vertically integrated American natural gas company with production and midstream operations focused in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.
On-chain data flagged a rare six-hour window in which U.S. government-controlled wallets shifted a combined $12.9 million in seized cryptocurrency, moving assets tied to both the 2016 Bitfinex hack and the collapsed FTX/Alameda empire. According to the original report citing Arkham Intelligence, these transactions stand out because they touch two of the most scrutinized seizure pools at once—suggesting the pace of asset management may be accelerating.
The largest chunk, worth about $11.45 million, originated from an address specifically marked as holding proceeds from the Bitfinex breach. That wallet sent 5,939 ETH and 296,709 USDT directly to Coinbase Prime. Choosing an institutional custody and trading venue rather than an unknown wallet or an auction house immediately reframes the discussion from simple safekeeping to possible liquidation or at least preparation for it. Coinbase Prime is not a passive vault; it is where institutions and government entities can execute large block trades with minimal market slippage.
Bitfinex Hack Funds Hit Coinbase Prime The Bitfinex theft, which stripped 119,756 BTC from the exchange in August 2016, remains one of the longest-running recovery sagas in crypto. Law enforcement arrested Ilya Lichtenstein and Heather Morgan in early 2022 and have since been clawing back assets through a combination of on-chain tracing and court orders. So far the Department of Justice has retrieved billions in Bitcoin, but small denominations of ether and stablecoins sometimes escape attention. This transfer indicates those smaller pots are now being consolidated.
Moving the funds to Coinbase Prime aligns with how the U.S. Marshals Service has previously handled seized Bitcoin sales: avoid public auctions, use a professional trading desk, and minimize market disruption. By sending both ETH and USDT in a single batch, the government appears to be prioritizing efficiency over piecemeal liquidation. Whether the assets will be sold immediately or held in Prime custody for future sale is not disclosed, but the choice of venue makes the intent hard to ignore.
FTX/Alameda Tokens Dispersed Across Multiple Addresses The second movement involved an address tied to FTX and Alameda Research seizures, and it was notably messier. Roughly $543,000 worth of tokens scattered across 7 different cryptocurrencies left the wallet in quick succession: 209.18 ETH, 0.533 WBTC, 1,231 COMP, 5.37 YFI, 4,054 NMR, 4,107 AXS, and 138,950 RLC. The variety tells its own story—FTX’s balance sheet held a sprawling mix of DeFi governance tokens, gaming assets, and niche infrastructure coins, many of which are thinly traded.
Instead of funneling all tokens to a single institutional exchange, the government split the transfers across several destination addresses. This reduces the immediate price impact on any one market but also signals that liquidating these altcoin positions will be a multi-step process. For token holders of COMP, YFI, and NMR, even the specter of government sales can weigh on liquidity, especially when daily volumes are low.
Government as a Crypto Whale Across multiple jurisdictions, governments have become involuntary whales. The U.S. alone holds Bitcoin worth several billion dollars, mostly from the Silk Road and Bitfinex recoveries. But the pace and method of liquidation have evolved. Early Silk Road auctions were public and drew bids from venture capitalists like Tim Draper. Today the default path runs through prime brokers and OTC desks, mirroring the infrastructure used by institutions while debates over a landmark crypto market structure bill heat up on Capitol Hill.
This shift matters for market transparency. On-chain analytics firms like Arkham now allow anyone to track government wallets, turning once-obscure seizures into public data points. The surveillance cuts both ways: traders can front-run suspected liquidations, while authorities benefit from the visibility as a deterrent. The latest transfers reinforce that seized crypto is rarely static. Even when the legal process drags on, asset movements accelerate behind the scenes as agencies look to convert volatile holdings into fiat or stablecoins before court mandates force their hand.
What Remains Uncertain Arkham labels do not confirm official government control; they are algorithmic identifications based on clustering heuristics and public records. The U.S. Marshals Service or DOJ has not commented on these specific transfers. Without official confirmation, the exact timing of any sale—or whether these movements are simply internal custodian rotations—remains unclear. The FTX/Alameda tokens add another layer of uncertainty because the bankruptcy estate’s recovery process is interwoven with debtor lawsuits, clawback claims, and international asset freezes.
Traders watching illiquid DeFi tokens from the FTX bucket will now assess whether active sell pressure could appear on their order books in the coming days. The broader spot market has so far absorbed government liquidations without calamity, partly because the OTC route dampens slippage. Still, as institutional tokenization surges—exemplified by the recent $20 billion milestone in real-world assets on-chain—crypto-native enforcement bodies will likely face growing pressure to handle seized digital assets with the same rigor as any other financial instrument. The weekend moves suggest that quiet disposal, not public auction, is becoming the norm.
AUTHOR
Brenda is a writer with three years of experience specializing in cryptocurrency, artificial intelligence and emerging technologies. She graduated from the University of Mombasa with a degree in Psychology. She has worked at Cryptopolitan and Blockchain Reporter.
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.
According to monitoring by Onchain Lens, a U.S. government address has emptied another wallet holding crypto assets seized from Alameda Research and FTX, transferring 4,820 ETH to Coinbase Prime, valued at $9.28 million; 54.89 billion SHIB, 631,740 POWR, and 1.06 million AERGO to three new wallets, worth $235,600, $27,900, and $22,100 respectively. The wallet now holds $0 in assets.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
3 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
3 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
The US government just moved approximately $9.29 million worth of Ethereum to Coinbase Prime, sourced from wallets tied to the FTX and Alameda Research collapse. The transfer, flagged by blockchain analytics firm Arkham Intelligence, involved roughly 4,820 ETH and represents the latest chapter in Washington’s slow, methodical approach to offloading billions in seized crypto.
What actually moved, and what else came along for the ride The Ethereum wasn’t traveling alone. Alongside the 4,820 ETH, the government-controlled wallet also relocated around 5.489 billion SHIB tokens, 631.7 thousand POWR tokens, and 1.06 million AERGO tokens to new addresses during the same transaction window.
The assets originated from wallets seized following the spectacular implosion of FTX in late 2022, when Sam Bankman-Fried’s exchange and its sister trading firm Alameda Research collapsed, vaporizing billions in customer funds. Coinbase Prime, the institutional arm of the largest US-based crypto exchange, was selected by the US Marshals Service in 2024 to serve as the custodian for these forfeited digital assets.
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A pattern of controlled deposits This wasn’t a one-off event. The July 15 transfer follows a pattern that has been building throughout 2026. In May, approximately $1.9 million in altcoins from the same FTX/Alameda seizure pool were deposited to Coinbase Prime. Smaller transactions followed in June.
No sales or further movements from the July 15 deposit have been reported as of the latest available data. Moving tokens to Coinbase Prime doesn’t automatically mean they’re being sold. The platform offers custody services alongside trading capabilities, so the government could be repositioning assets for eventual over-the-counter transactions rather than dumping them into the open market order book.
For context, the US government’s total seized crypto portfolio exceeds $20 billion. A $9.29 million Ethereum deposit represents roughly 0.046% of that total.
The FTX aftermath continues to unwind The FTX collapse remains one of the most consequential events in crypto history. When the exchange imploded in November 2022, it triggered a cascade of failures across the industry and left creditors scrambling to recover funds. Bankman-Fried was subsequently convicted and sentenced, but the recovery process for affected users has been grinding forward through bankruptcy proceedings and government asset liquidation ever since.
The May, June, and now July transfers have been relatively modest in size, and there’s no evidence of immediate large-scale selling following any of these deposits. For Ethereum specifically, the 4,820 ETH moved in this transaction represents a tiny fraction of daily trading volume, which routinely exceeds billions of dollars.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Buffett on Stock Market ValuationsThat $397 billion continues to sit on the sidelines as stocks hit record highs across many sectors.
Buffett said he fails to see value in many investments and thinks the stock market is getting closer to a casino.
"It’s tough to find values when everybody is preferring gambling," Buffett told CNBC Wednesday.
The legendary investor said the market today is driven more by speculative trading and not long-term investing.
"There are times when opportunities are just thrown at you so fast you can’t, you know, it’s unbelievable. There’s other times when you’re very, very lucky if you find one thing in a couple of years. And it should always be that the, the latter is what prevails."
Buffett said that humans like to gamble, which means there’s more money in "cultivating gamblers than there are cultivating investors."
In the first quarter, Berkshire Hathaway took new positions in three stocks, believing there was value upside in companies like Delta Air Lines, Alphabet and Macy’s. The company also sold off many old positions and took the overall investment portfolio from 42 positions to 29.
The company’s continued bet on holding cash and looking for value has the stock underperforming (-1.4%) against the S&P 500 (+10.0%) once again in 2026.
Buffett vs. Stock Market TrendsBuffett has become more outspoken about the recent stock market trends and shifting investor appetite.
In May, he compared the stock market to "a church with a casino attached." The legendary investor was critical of new investment instruments like one-day options, which he called "gambling" rather than investing.
"Robinhood has become a very significant part of the casino aspect of the casino group that has joined into the stock market in the last year or year and a half," Buffett said at the time.
Buffett said what Robinhood is doing isn’t immoral or illegal but cautioned that it is capitalizing on investors who are gambling on the stock market.
"I think the degree to which a very rich society can reward people who know how to take advantage, essentially, of the gambling instincts of the American public, the worldwide public — it’s not the most admirable part of the accomplishment."
Whether Buffett’s value discipline pays off again — or leaves Berkshire trailing a momentum-driven market — remains the open question for the rest of 2026.
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Berkshire Hathaway first bought Alphabet Class A (GOOGL) shares in the third quarter of 2025, and later increased the position in the first quarter of 2026.
Today, Berkshire Hathaway owns 54,249,798 GOOGL shares, which were worth $15.6 billion at the end of the first quarter and the company’s seventh largest stock investment.
Berkshire also took an initial stake in Alphabet Class C shares (GOOG) in the first quarter, a position worth $1 billion at the end of the first quarter, ranking 19th in the investment portfolio.
Asked about who made the Alphabet play first between Buffett and his successor Greg Abel, the Oracle of Omaha didn’t hold back.
"I initiated it," Buffett told CNBC’s Becky Quick on Wednesday.
Buffett said he talks all the time with Abel, including since his retirement.
"I am not doing anything that he doesn’t approve of. He’s not doing anything I don’t approve of."
As the CEO, Abel is the "decider," Buffett clarified Wednesday.
Along with investing in Class A and Class C shares, Berkshire Hathaway also participated in a private placement of $10 billion from Alphabet, helping to fund the company’s future growth.
"The trick in life is to find – I mean investing – is to find businesses that are going to earn high returns on capital for an extended period of time."
Finally taking a position in Alphabet stock in 2025, Buffett has previously expressed regret for not buying the Magnificent Seven stock sooner. Berkshire Hathaway owns the Geico insurance brand and recognized early the success of Google’s advertising business through Geico ads.
While he’s a fan of Alphabet stock going forward, Buffett remains cautious on the large amount of spending being done to compete in the AI sector.
"The real question with Google and all of its competitors now, because they’re all laying out hundreds of billions, and that’s real money. That’s the game they’re playing now. They weren’t playing that game with computer software."
Buffett also said that Alphabet is not his favorite Berkshire Hathaway position or owned business.
"I would say that I don’t like it as well as at least four or five other businesses that we own."
Buffett on Apple StockAnother stock covered in his interview with CNBC was Apple Inc (NASDAQ:AAPL), which is the largest holding in the Berkshire Hathaway investment portfolio.
Even with Tim Cook stepping down as CEO, Apple is one of Buffett’s favorite stocks.
"I know more about Apple than I knew many years ago," Buffett told CNBC.
Berkshire Hathaway holds 227,917,808 AAPL shares as of the end of the first quarter, a position tat was worth $57.8 billion at the end of March and represented 22% of the investment portfolio.
"If you’re Apple, you’ve got very, very smart people all over the world shooting and trying to figure out how to make sure that, that Apple’s future, the future is as bright as the past."
Image via Shutterstock
Market News and Data brought to you by Benzinga APIs
, /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2026:
A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 15, 2026, to holders of record of such Common Shares as of the close of business on September 1, 2026; A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026; and A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on September 15, 2026 to holders of record as of the close of business on August 31, 2026, for the period commencing on (and including) June 15, 2026 to (but excluding) September 15, 2026. About KeyCorp
KeyCorp's roots trace back more than 200 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $189 billion at March 31, 2026.
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 950 branches and approximately 1,100 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank Member FDIC.
Pledge highlights key elements of company's industry-leading strategy that have enabled its earlier base rate freeze and will provide future savings for customers
, /PRNewswire/ -- With new residents moving to the state and large-energy users like data centers and manufacturers choosing Georgia, Georgia Power continues to work to ensure that growth benefits all Georgia Power customers. The company has moved quickly to anticipate and effectively manage this growth with the Georgia Public Service Commission (PSC), creating an industry-leading strategy that is helping protect residential and small business customers through a comprehensive approach that has helped deliver the company's earlier base rate freeze and a plan to provide annual savings of $102 per year for the typical residential customer beginning in 2029.
Today, the company further affirmed its overall commitment by introducing its Customer Protection Pledge at GeorgiaPower.com/Pledge, including six key points.
Protect Your Rates and Keep Energy Affordable Ensure New Large-Energy Users Pay Their Way Invest in a Stronger, More Reliable Grid Negotiate Fairly and Transparently for Property Power a Balanced, Reliable Energy Future Protect What We Share "We know that, in many parts of the country, rapid growth and increasing demand for electricity are creating higher electric rates and lower reliability – that is not happening in Georgia," said Kim Greene, chairman, president and CEO of Georgia Power. "Our Pledge clearly defines and solidifies the strategy that has been working for Georgia Power customers and our communities in recent years. Our company is built for this moment and, as we build and expand the power grid to serve this growth, we will do so responsibly and in a way which lives up to our longstanding mission to be a Citizen Wherever We Serve."
For more than 140 years, Georgia Power has delivered reliable and affordable energy to Georgians as the state has grown. Since 1990, the company has offered rates, on average, 15 percent below the national average while also offering flexible rate plans for residential and business customers, as well as a wide variety of programs to help customers save money and energy. Alongside this focus on affordability, the company also continues to make investments that deliver greater reliability across the state, including its ongoing Grid Investment Program, which improved reliability for more than 500,000 customers in 2025 alone.
To learn more about how Georgia Power is keeping energy reliable and affordable for millions of Georgia homes and businesses, visit www.GeorgiaPower.com.
About Georgia Power
Georgia Power is the largest electric subsidiary of Southern Company (NYSE: SO), America's premier energy company. Value, Reliability, Customer Service and Stewardship are the cornerstones of the company's promise to 2.8 million customers in all but four of Georgia's 159 counties. Committed to delivering clean, safe, reliable and affordable energy, Georgia Power maintains a diverse, innovative generation mix that includes nuclear, coal and natural gas, as well as renewables such as solar, hydroelectric and wind. Georgia Power focuses on delivering world-class service to its customers every day and the company is recognized by J.D. Power as an industry leader in customer satisfaction. For more information, visit www.GeorgiaPower.com and connect with the company on Facebook (Facebook.com/GeorgiaPower), X (X.com/GeorgiaPower) and Instagram (Instagram.com/ga_power).
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (“Flowserve” or the “Company”) will release its second quarter 2026 earnings results after the market closes on Wednesday, July 29, 2026.
Flowserve will host a conference call to discuss second quarter results the following morning, on Thursday, July 30, 2026, at 8:30 a.m. Eastern Time.
The earnings materials and webcast of the conference call can be accessed by shareholders and other interested parties on Flowserve’s Investors page.
About Flowserve
Flowserve Corporation is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 50 countries, the Company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the Company’s website at www.flowserve.com.
Aave, which operates one of the largest onchain lending markets, has launched Aave V4 on Avalanche as it looks to accelerate lending for tokenized assets and institutional finance, according to a Wednesday statement.
The move marks Aave V4’s first deployment beyond Ethereum. Avalanche is a high-performance blockchain network designed to support digital finance, including decentralized finance, real-world asset tokenization and institutional blockchain applications.
The launch aims to enable specialized credit markets backed by tokenized real-world assets and extends Aave’s long-standing presence on Avalanche, where its V3 protocol has facilitated billions of dollars in liquidity. It also serves as the blueprint for Aave V4’s multichain expansion strategy, with future deployments tailored to the strengths of individual blockchain ecosystems.
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Aave said the deployment leverages Aave V4’s Hub and Spoke architecture to support future tokenized asset markets with dedicated borrowing markets, shared liquidity infrastructure, and tailored collateral and risk frameworks.
According to Aave Labs founder Stani Kulechov, Avalanche’s combination of an established Aave ecosystem and growing tokenization activity makes it the ideal first destination for expansion.
“Aave V4 was designed to enable new credit markets at internet scale. Avalanche is a natural destination for the first expansion of Aave V4 beyond Ethereum because it combines a mature Aave lending market with a rapidly growing ecosystem for tokenized assets,” Kulechov commented on the move.
“That combination creates new opportunities to deepen liquidity, improve capital efficiency, and expand access to borrowing against tokenized assets. That’s exactly why one of the first markets we plan to launch on Avalanche is a dedicated credit market for tokenized assets,” he added.
Ava Labs President John Wu said the integration advances the use of tokenized assets by giving institutions access to borrowing and liquidity infrastructure comparable to traditional financial markets.
“The next phase of tokenization is about putting assets to work, not just bringing them onchain,” Wu stated. “Aave V4 on Avalanche is an important step toward making that a reality and advancing the shift to a more efficient, onchain financial system.”
Aave said the platform is designed to support tokenized real-world assets including US Treasuries, money market funds, private credit, and corporate bonds.
The team added that one of the first planned deployments on Avalanche will be a dedicated market for tokenized assets, allowing institutions to borrow against tokenized collateral while accessing Aave’s shared liquidity network.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
Aave V4 is now live on Avalanche, bringing V4’s all-new Hub and Spoke architecture to a network where Aave has a long track record of success. This is V4’s first multi-chain deployment, and it launches with one Core Liquidity Hub and a Main market, AVAX Correlated market, and Forex market.
Five Years on Avalanche Aave was first deployed on Avalanche in 2021, when V2 launched during the Avalanche Rush program and quickly became one of the network's largest protocols. Avalanche then became one of the early networks to run Aave V3 in 2022.
On Avalanche, Aave has held billions of dollars at its peaks and has processed more than $15 billion in all-time cumulative inflows across V2 and V3. Today the V3 market supports 18 assets, with stablecoin utilization running above 90 percent signaling the high borrow demand
Avalanche V4 Deployment The Core Liquidity Hub holds the deployment's shared liquidity in WAVAX, sAVAX, BTC.b, USDC, USDT, WETH.e, and EURC. Every market draws from this single pool, so liquidity stays deep instead of fragmenting across separate venues.
The Main market is the general-purpose venue for lending and borrowing, and it is expected to hold the majority of the deployment's liquidity. It accepts the broadest collateral set in the deployment, with users supplying WAVAX, BTC.b, USDC, USDT, or WETH.e and USDC, USDT, EURC, WAVAX, BTC.b, and WETH.e as borrowable assets.
The AVAX Correlated market is dedicated to AVAX liquid staking strategies. Users can supply sAVAX at a 95 percent collateral factor and borrow WAVAX as the only borrowable asset.
Lastly, the Forex market supports trading and hedging across fiat-pegged stablecoins. EURC, USDC, and USDT each serve as collateral and can be borrowed against one another, with conservative caps set at launch to account for EURC's limited secondary market liquidity.
Getting Started Avalanche users can supply and borrow on V4 today. Find the Avalanche market on Aave Pro to get started. The full deployment specification, including risk parameters and caps for every asset, is available on the Aave governance forum.
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Stani Kulechov has a number in mind, and it’s a big one. The Aave Labs founder and CEO told a panel discussion that the market for tokenized real-world assets could hit $100 billion by the end of 2026, with Aave gunning for $1 billion in RWA deposits on its own platform.
The conversation, which took place on July 15, centered on the deployment of Aave V4 on Avalanche, a move backed by a $15 million incentive commitment from the Avalanche ecosystem. That’s a KPI-tied package designed to accelerate the growth of a dedicated RWA hub on the network.
What Aave V4 actually does differently Aave V4 launched on Ethereum back in March 2026 after roughly two years of development. The upgrade introduces what’s called a hub-and-spoke architecture. Instead of pooling every type of collateral into one big liquidity pot where one bad asset can poison everything, V4 isolates risk across separate liquidity hubs. Each hub manages its own market-specific risk. This matters enormously when you start accepting non-crypto collateral like Treasury bills, real estate tokens, or private credit instruments.
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GHO and the stablecoin play Aave’s native overcollateralized stablecoin, GHO, sits at the center of the V4 strategy. Kulechov has positioned it not just as a borrowing tool but as a genuine revenue driver for the protocol.
The stablecoin’s savings variant, sGHO, functions as an on-chain savings product. DAOs have already approved GHO deployment on networks like Arbitrum, expanding its reach beyond Ethereum. The Avalanche deployment adds another chain to that footprint.
The $100 billion question Kulechov’s forecast that RWAs will reach $100 billion by the end of 2026 is ambitious but not outlandish. What makes Aave’s angle different from a simple tokenization play is the lending layer. Tokenizing a Treasury bill is useful. Being able to borrow against that tokenized Treasury bill at competitive rates within a decentralized protocol is a different value proposition entirely. That’s the gap Aave V4 is designed to fill.
Aave has historically processed over $3 trillion in cumulative deposits across its protocol versions. Avalanche’s $15 million incentive package is KPI-tied, meaning the money flows based on actual growth metrics, not just deployment promises.
What this means for investors For AAVE token holders, the expansion into RWAs could meaningfully change the protocol’s revenue composition. If Kulechov’s target of $1 billion in RWA deposits materializes, that’s a new revenue stream layered on top of existing crypto lending activity.
Integrating real-world assets introduces legal and regulatory complexity that pure DeFi protocols have historically avoided. Collateral that exists in the physical world can be seized, disputed, or devalued by forces entirely outside the blockchain’s control. V4’s risk isolation architecture mitigates some of that danger at the protocol level, but it doesn’t eliminate jurisdiction-specific regulatory risk.
Discussions about a consumer-facing Aave App add another dimension to the story, signaling that Aave’s ambitions extend beyond its current user base.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Aave has taken its V4 lending protocol beyond Ethereum for the first time, choosing Avalanche for its next growth phase. The launch is aimed at building dedicated credit markets for tokenized real-world assets and institutional finance.
Aave V4 Expands Beyond Ethereum Aave V4 is now live on Avalanche, marking the protocol’s first deployment outside Ethereum. The move extends the platforms lending infrastructure to a network already used for decentralized finance, tokenization, and institutional blockchain applications.
The launch builds on an earlier presence on Avalanche, where Aave V3 has handled billions of dollars in liquidity. Aave said the V4 deployment will support specialized borrowing markets backed by tokenized assets.
Aave V4 uses a Hub and Spoke design that can support shared liquidity and custom risk settings. The structure allows different markets to use dedicated collateral rules while still connecting to wider liquidity.
Avalanche RWA Growth Adds Context As reported by CoinGape, Avalanche’s latest RWA growth followed a July 13 announcement from Bridgetower. The firm tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, on Avalanche using Chainlink infrastructure.
That transaction helped push Avalanche to fifth place in net RWA inflows on RWA.xyz overnight. The activity added fresh context to Aave’s decision to choose Avalanche for its first V4 expansion beyond Ethereum.
According to the announcement, the platform can support tokenized US Treasuries, money market funds, private credit, and corporate bonds. One planned market on Avalanche will allow institutions to borrow against tokenized collateral through Aave’s liquidity network.
Aave Targets Tokenized Credit Markets The founder, Stani Kulechov, said Avalanche was selected because of its existing Aave market and growing tokenization activity. He said, “Aave V4 was designed to enable new credit markets at internet scale.”
Kulechov added that Avalanche offers a strong base for tokenized asset lending. He said one of the first planned markets on Avalanche will focus on borrowing against tokenized assets.
Ava Labs President John Wu said tokenization is moving beyond bringing assets onchain. He said,
“The next phase of tokenization is about putting assets to work, not just bringing them onchain.”
The Avalanche launch is also expected to guide future Aave V4 deployments across other networks. Aave plans to tailor each rollout to the strengths of the selected blockchain ecosystem.
Despite the launch, the AAVE price has fallen over 3% in 24 hours to $96.86, after a week of bearish pressure caused by the fluctuating Bitcoin price trend.
If you want to know more about Real World Assets, check our Top Real World Asset (RWA) Issuers
Aave V4 is officially running on Avalanche, giving the largest DeFi lending protocol its first multi-chain footprint beyond Ethereum. The deployment, which went live on July 15, marks the beginning of what Aave envisions as a broader expansion strategy, one that puts tokenized real-world assets at the center of on-chain credit markets.
What Aave V4 on Avalanche actually does The core innovation here is Aave’s Hub-and-Spoke architecture, a modular system that allows the protocol to spin up specialized lending markets without cramming everything into a single monolithic pool. Instead of one giant pot where all assets mix together, Aave can now create purpose-built liquidity hubs tailored to specific asset types and risk profiles.
On Avalanche, those hubs are focused squarely on tokenized real-world assets. We’re talking US Treasuries, money market funds, private credit, and corporate bonds, the kind of collateral that makes traditional finance professionals perk up.
The practical implication is straightforward. Institutions holding tokenized versions of these assets can now borrow against them on-chain, accessing liquidity without selling their positions.
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Aave V4 first launched on Ethereum mainnet back on March 30, featuring initial Liquidity Hubs. The Avalanche deployment extends that infrastructure to a chain that has been aggressively courting institutional tokenization use cases for the past year.
Avalanche is putting $15 million behind the bet Avalanche has committed up to $15 million in performance-based incentives to support the Aave V4 rollout. Incentive payouts are tied to specific KPIs: total value locked, borrowing volume, and generated revenue.
The governance path to get here was methodical. A temperature check passed in late May, followed by a formal Aave Request for Comments in mid-June. Both steps demonstrated strong community support, effectively giving the Aave DAO’s blessing before the deployment moved forward.
Aave Labs founder Stani Kulechov has pointed to the synergies between Aave’s lending infrastructure and Avalanche’s growing ecosystem of tokenized assets. The argument is that Avalanche already has the institutional asset issuers, and Aave brings the lending rails that make those assets actually useful in a DeFi context.
Why RWAs are the centerpiece The Hub-and-Spoke model is particularly well-suited for RWA-focused markets. Different asset classes carry wildly different risk profiles, and the modular architecture lets Aave isolate those risks in separate hubs rather than exposing the entire protocol to contagion from a single asset blowup.
What this means for investors For Aave holders and DeFi participants, the Avalanche deployment establishes a repeatable playbook for multi-chain expansion. Governance discussions have already positioned Avalanche as a potential template for future V4 rollouts.
For Avalanche’s ecosystem, the deployment adds a high-profile DeFi primitive that could pull institutional capital onto the chain. The $15 million incentive program suggests the Avalanche Foundation views this as a strategic investment in ecosystem development rather than a marketing expense.
The risk factors include liquidity fragmentation across chains, especially if TVL doesn’t materialize quickly enough to make the credit markets efficient. Tokenized RWA collateral also introduces dependencies on off-chain asset custodians and issuers, adding layers of counterparty risk that don’t exist with purely crypto-native collateral.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets.
The deployment introduces Aave V4’s Hub & Spoke architecture, which allows specialized lending markets to operate with their own collateral requirements and risk parameters while drawing on shared liquidity across the protocol.
According to Aave, one of the first planned markets on Avalanche will support borrowing against tokenized assets.
The architecture is designed to support a broader range of collateral than previous versions of the protocol, Aave’s statement said. As well, future specialized markets on Avalanche could support tokenized assets including US Treasurys, money market funds, private credit and corporate bonds, each with customized collateral requirements and risk parameters.
Aave is the largest decentralized lending protocol by total value locked, with nearly $14 billion in assets across 23 blockchains, according to DeFiLlama data.
Source: DefiLlama
Tokenized assets move beyond issuanceThe launch comes as financial institutions and blockchain firms are fast building infrastructure and partnerships that allow tokenized assets to be used as collateral across traditional and decentralized finance.
In February, Franklin Templeton partnered with Binance to let institutions use tokenized money market fund shares as off-exchange collateral while keeping the underlying assets in regulated custody.
The following month, Nasdaq announced plans to integrate its collateral management platform with Talos’ digital asset infrastructure to streamline institutional workflows for managing tokenized collateral. The integration is intended to combine collateral management, risk monitoring and trade surveillance within a single platform for institutional digital asset trading.
Market infrastructure providers have also entered the space. In May, DTCC said it would integrate Chainlink technology into its tokenized collateral platform to support near real-time movement, valuation and settlement of tokenized collateral ahead of a planned fourth-quarter launch.
More recently, the push has expanded into institutional lending. On Wednesday, Grove announced a $500 million warehouse lending facility with Galaxy Digital to finance institutional crypto-backed loans using blockchain-based infrastructure.
Tokenized real-world assets have become one of the fastest-growing sectors of the digital asset industry. According to RWA.xyz, more than $34 billion worth of real-world assets are currently tokenized on public blockchains, up from about $12.8 billion a year ago.
Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Decentralized lending protocol Aave has launched V4 on Avalanche, marking the first expansion of its latest lending infrastructure beyond Ethereum and setting the stage for future lending markets backed by tokenized real-world assets.
The deployment introduces Aave V4’s Hub & Spoke architecture, which allows specialized lending markets to operate with their own collateral requirements and risk parameters while drawing on shared liquidity across the protocol.
According to Aave, one of the first planned markets on Avalanche will support borrowing against tokenized assets.
The architecture is designed to support a broader range of collateral than previous versions of the protocol, Aave’s statement said. As well, future specialized markets on Avalanche could support tokenized assets including US Treasurys, money market funds, private credit and corporate bonds, each with customized collateral requirements and risk parameters.
Aave is the largest decentralized lending protocol by total value locked, with nearly $14 billion in assets across 23 blockchains, according to DeFiLlama data.
Source: DefiLlama
Tokenized assets move beyond issuanceThe launch comes as financial institutions and blockchain firms are fast building infrastructure and partnerships that allow tokenized assets to be used as collateral across traditional and decentralized finance.
In February, Franklin Templeton partnered with Binance to let institutions use tokenized money market fund shares as off-exchange collateral while keeping the underlying assets in regulated custody.
The following month, Nasdaq announced plans to integrate its collateral management platform with Talos’ digital asset infrastructure to streamline institutional workflows for managing tokenized collateral. The integration is intended to combine collateral management, risk monitoring and trade surveillance within a single platform for institutional digital asset trading.
Market infrastructure providers have also entered the space. In May, DTCC said it would integrate Chainlink technology into its tokenized collateral platform to support near real-time movement, valuation and settlement of tokenized collateral ahead of a planned fourth-quarter launch.
More recently, the push has expanded into institutional lending. On Wednesday, Grove announced a $500 million warehouse lending facility with Galaxy Digital to finance institutional crypto-backed loans using blockchain-based infrastructure.
Tokenized real-world assets have become one of the fastest-growing sectors of the digital asset industry. According to RWA.xyz, more than $34 billion worth of real-world assets are currently tokenized on public blockchains, up from about $12.8 billion a year ago.
Magazine: Is Robinhood Chain’s success bullish or bearish for ETH the asset?
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.
Aave, the leading decentralized lending protocol by total value locked, has launched its V4 protocol on Avalanche. This move marks the first major expansion of Aave’s latest lending infrastructure beyond the Ethereum ecosystem and paves the way for new lending markets based on tokenized real-world assets.
Hub & Spoke architecture debuts on AvalancheAave’s V4 deployment introduces a Hub & Spoke architecture, an upgrade designed to enable specialized lending markets to function independently, each with distinct collateral requirements and risk parameters. These markets access pooled liquidity from the broader Aave protocol, enhancing capital efficiency across the platform.
The protocol stated that the first markets on Avalanche will focus on enabling users to borrow against tokenized assets, which can include instruments like US Treasurys, money market funds, private credit, and corporate bonds. These assets will feature customized collateral frameworks and separate risk settings tailored for each asset class.
Aave’s latest version supports a wider spectrum of collateral types compared to its predecessors, supporting further growth in the rapidly evolving tokenized asset sector.
Mini dictionary: Avalanche is a high-throughput, layer-1 blockchain platform designed for fast and scalable decentralized applications, known for its low transaction fees and strong support for DeFi protocols.
Aave reported that its V4 deployment on Avalanche opens new possibilities for institutional and traditional finance assets to be integrated into decentralized lending, supporting tokenized versions of major financial products within distinct, risk-managed markets.
Expanding digital collateral infrastructureFinancial institutions and blockchain firms have increasingly focused on developing infrastructure for tokenized assets to be used as collateral, both in traditional and decentralized finance. In February, asset management giant Franklin Templeton partnered with Binance to enable institutions to use tokenized money market fund shares as off-exchange collateral. This arrangement let underlying assets remain in regulated custody while financially leveraging them on digital platforms.
In March, Nasdaq announced plans to integrate its collateral management system with Talos’ digital asset trading infrastructure. The platform aims to simplify institutional workflows by combining collateral management, risk monitoring, and trade surveillance into a single interface for digital asset trading.
Infrastructure providers have also stepped into the space. The Depository Trust & Clearing Corporation (DTCC), a central securities depository in the US, revealed in May that it would incorporate Chainlink technology to support real-time settlement, movement, and valuation of tokenized collateral on its forthcoming platform, with a launch anticipated in the fourth quarter of the year.
InstitutionInitiativeBlockchain/PlatformFocusFranklin Templeton & BinanceTokenized money market collateralBinance platformInstitutional off-exchange collateralNasdaq & TalosCollateral management integrationTalos infrastructureInstitutional trading workflowDTCC & ChainlinkTokenized collateral settlementChainlink technologyReal-time movement and valuation With the launch of Aave V4 on Avalanche, institutional lenders now have access to a broader set of tools that merge digital asset technology with traditional financial products, streamlining on-chain collateral usage and settlement.
Tokenized assets see rapid growthThe push for tokenization has quickly expanded into institutional lending. On Wednesday, Grove, a digital asset lending platform, announced a $500 million warehouse lending facility in collaboration with Galaxy Digital. This facility aims to fund institutional crypto-backed loans, utilizing blockchain infrastructure for both efficiency and transparency.
Tokenized real-world assets have emerged as one of the fastest-growing sectors within the digital asset industry. According to RWA.xyz, the total value of real-world assets currently tokenized on public blockchains has reached more than $34 billion, climbing from around $12.8 billion just one year ago.
Aave’s expansion to Avalanche illustrates the wider industry movement toward integrating tokenized assets into mainstream finance, suggesting a significant shift in how physical assets and digital platforms intersect in global markets.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aave has expanded its V4 lending protocol beyond Ethereum for the first time by deploying it on Avalanche to support tokenized real-world asset lending and institutional credit markets.
Summary
Aave V4 has launched on Avalanche in its first deployment outside Ethereum. The rollout focuses on institutional lending backed by tokenized real-world assets. AAVE fell over 3% despite the launch as broader crypto market weakness persisted. According to an announcement from Aave, the deployment brings the protocol’s latest lending infrastructure to Avalanche, a network already used for decentralized finance, tokenization, and institutional blockchain applications.
BREAKING: Aave V4 has launched on Avalanche, marking its first expansion beyond Ethereum.
Laying the groundwork for dedicated credit markets for tokenized assets. pic.twitter.com/EkpaZqgQZz
— MSB Intel (@MSBIntel) July 15, 2026 The rollout follows Aave V3’s earlier presence on Avalanche, where the protocol has managed billions of dollars in liquidity, and introduces infrastructure designed for specialized lending markets backed by tokenized assets.
Avalanche becomes Aave’s first destination for V4 With the new deployment, Aave V4 introduces a Hub and Spoke architecture that allows separate lending markets to operate under their own collateral and risk settings while remaining connected to shared liquidity. According to Aave, the structure is intended to support institutional use cases without isolating liquidity across individual markets.
Among the planned applications are lending markets backed by tokenized U.S. Treasuries, money market funds, private credit, and corporate bonds. According to Aave, one of the first Avalanche-based markets will allow institutions to borrow against tokenized collateral through the protocol’s liquidity network.
Recent activity on Avalanche has added context to the decision. As previously reported by crypto.news, Aave expanded its use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP), making it the default infrastructure for cross-chain operations across the Aave App and Stable Vaults.
According to Aave, CCIP now supports token transfers, vault management, governance execution, GHO stablecoin transfers, and governance messaging through a single interoperability layer.
Tokenized asset lending becomes the next focus Additional momentum for Avalanche’s tokenization ecosystem came from Bridgetower’s July 13 announcement. As reported by crypto.news, the company tokenized more than $11 billion in real-world production assets, including the Arizona Copper-Gold project, on Avalanche using Chainlink infrastructure. crypto.news also reported that the transaction lifted Avalanche to fifth place in net real-world asset inflows tracked by RWA.xyz.
Commenting on the deployment, Aave founder Stani Kulechov said Avalanche’s established Aave market and growing tokenization ecosystem made it a suitable network for the protocol’s first V4 expansion outside Ethereum.
“Aave V4 was designed to enable new credit markets at internet scale.”
Kulechov added that one of the first planned markets on Avalanche will focus on lending against tokenized assets, according to the announcement.
Ava Labs President John Wu also linked the launch to the next stage of asset tokenization, arguing that the technology is increasingly being used to unlock financial activity rather than simply represent assets on-chain.
“The next phase of tokenization is about putting assets to work, not just bringing them onchain.”
According to Aave, the Avalanche deployment will also serve as a reference for future V4 rollouts on other blockchain networks, with each implementation adapted to the characteristics of its host ecosystem.
Despite the product launch, AAVE has remained under pressure. The token traded at $96.66 after falling more than 2% over the past 24 hours, extending a week of weakness that has coincided with recent volatility in Bitcoin’s price.
Chainlink (LINK) sustained its recovery on Wednesday, July 15, 2026, with buyers driving the token higher. LINK tested a notable weekly support line while traders waited to see if the upward momentum would extend toward major resistance levels.
Price recovery and trading activityAt the time of reporting, Chainlink was trading at $8.44, reflecting a daily increase of 4.02%. Trading activity surged as volume jumped 53.49% to reach $311.4 million. Over the past week, Chainlink’s price advanced 11.22%, according to CoinMarketCap data.
Analysis from More Crypto Online outlined that Chainlink is charting a blue support trend line on the weekly chart. The analyst suggested that a break above the May high of $10.90 could trigger further gains toward the $13.93 to $20.63 region, identifying this band as the next key target zone for LINK.
More Crypto Online noted that Chainlink’s current wave structure may represent the D-wave in a blue triangle pattern. The analyst clarified that although this setup is forming, confirmation of a major low is still absent, and another micro-level low could materialize in either a white wave two or blue wave C scenario.
Futures and technical outlookCoinGlass pointed to significant activity in LINK futures. Futures trading volume rose 20.86% to $334.51 million, while open interest climbed 6.74% to $447.68 million. The OI-weighted funding rate stood at 0.0091%, highlighting increased trader participation in Chainlink’s futures markets.
MetricAmountChange (%)Spot Trading Volume$311.4 million+53.49Futures Volume$334.51 million+20.86Open Interest$447.68 million+6.74Funding Rate0.0091%Technically, Chainlink is trading above key short-term moving averages. The daily chart shows LINK above the 20-day EMA at $7.932 and the 50-day EMA at $8.122. The 100-day EMA is set at $8.630, currently just above LINK’s price. Meanwhile, the 200-day EMA remains higher at $9.930, with Chainlink still below this long-term indicator.
The Relative Strength Index (RSI) stands at 63.47, with its moving average at 52.86. The RSI is positioned below the overbought threshold of 70 but above the neutral mark of 50, suggesting there is ongoing bullish momentum without overheating market conditions.
Recent ecosystem integrationsBeyond price action, Aave, a leading decentralized lending protocol, expanded its integration of Chainlink’s infrastructure. On July 13, Aave announced adoption of the Cross-Chain Interoperability Protocol as the standard for cross-chain deposits, withdrawals, GHO transfers, and governance. This update affects all of Aave’s ecosystem operations.
Chainlink, recognized for its decentralized oracle and interoperability services in the blockchain sector, has also completed eight new integrations across four services and four blockchain networks within the past week. Notable participants include Aave, Commertize, Mantle, Poppie Finance, and YuzuMoney. These moves have further extended Chainlink’s live protocol usage in the multi-chain ecosystem.
Mini dictionary: Cross-Chain Interoperability Protocol (CCIP): CCIP is an infrastructure developed by Chainlink that enables seamless value and data transfers between different blockchain networks, supporting interoperability for decentralized applications and protocols.
Among the four networks involved were Mantle, Poppie Finance, and YuzuMoney. These implementations further extended Chainlink’s footprint, involving deployments of multiple Chainlink products across new chains.
Several Chainlink integrations across multiple networks, involving four different chains and four services, were completed in recent days, expanding the protocol’s reach throughout the blockchain ecosystem.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Aave founder Stani Kulechov called the DeFi access point 'an OG' as its team said it would sunset the UI.
SummerFi, a DeFi access point operating for seven years, said it will wind down Summer.fi and sunset its user interface, attributing the decision to a recent exploit on its Lazy Summer Protocol.
"After 7 amazing years building in DeFi, the recent exploit on the Lazy Summer Protocol has forced us into the very difficult decision to wind down Summer.fi and sunset the UI," the company said Wednesday on its official X account. It added, "We want to thank all our users, the community and supporters - you made it worthwhile."
The post is the first statement from the operator tying its closure to the exploit. SummerFi did not state an effective wind-down date or address the status of user funds in the announcement.
The Defiant reported on July 6 that Summer Finance was drained of $6 million in a flash-loan exploit. SummerFi has separately characterized the incident as NAV manipulation rather than a flash-loan hack; that account has not been independently reconciled with the earlier description.
Stani Kulechov, founder of lending protocol Aave, reacted to the announcement on X, writing, "Sad to see as SummerFi has been an OG in DeFi. It also demonstrates the stakes and costs that go into providing high quality and secure DeFi access point." He added that the seven years "been a nice ride for their team" and that SummerFi "will be missed."
The closure follows other DeFi front-end shutdowns. Zapper, a portfolio and transaction interface, is set to close Aug. 3 after nearly seven years. Front ends that route users to onchain protocols carry operating and security costs that the underlying smart contracts do not, a point Kulechov underscored in his post.
SummerFi has not published a schedule for how or when users should move assets ahead of the UI sunset.
ATLANTA, July 15, 2026 /PRNewswire/ -- Invesco Mortgage Capital Inc. (NYSE: IVR) (the "Company") today announced that the Company declared a cash dividend of $0.12 per share of common stock for the month of July 2026. The dividend will be paid on August 14, 2026 to stockholders of record at the close of business on July 27, 2026, with an ex-dividend date of July 27, 2026.
Index Dow Jones +0,29 % na 52658,52 b. S&P 500 +0,38 % na 7572,42 b. Nasdaq Composite +0,62 % na 26269,23 b.
Ve středeční seanci americké indexy uzavřely posílením a jejich růst byl ovlivněn dnešním reportem Indexu cen výrobců PPI. Dolar na páru s eurem oslabil o -0,37% tj. 1,1462 USD/EUR. Lehká ropa WTI po reportu zásob od EIA a za přispění nepokojů konfliktu mezi USA a Iránem přidala 1,2% a dostala se tak k úrovni 80,3 USD/barel. Naopak se dnes nedařilo žlutému kovu, kterému nepomohl ani oslabující dolar a zlato oslabilo o -0,2% a dostalo se k úrovni 4 060 USD/Troy. unci. Na celkovém růstu indexu S&P 500 měl dnes největší zásluhu sektor Komunikační služby se ziskem 2,8%, dále Zbytná spotřeba 1,4% a také Finanční sektor 0,7%. Většímu růstu indexu byl dnes největší brzdou sektor Utility se ztrátou -1%, dále Energie -0,8% a také Základní materiály -0,4%.
Index S&P 500 +0,38 % na 7572,42 b. Nejsilnější sektory S&P Změna Nejslabší sektory S&P Změna Komunikační služby +2,8 % Utility -1 % Zbytná spotřeba +1,4 % Energie -0,8 % Finanční sektor +0,7 % Základní materiály -0,4 % Nejsilnější akcie S&P Změna Nejslabší akcie S&P Změna PayPal Holdings (PYPL) +17 % Pentair (PNR) -15 % Blackrock (BLK) +6,6 % Erie Indemnity (ERIE) -12 % CBRE Group (CBRE) +6,3 % Dell Technologies (DELL) -9,9 % Invesco (IVZ) +5,5 % Progressive Corp (PGR) -9,4 % Bank of New York Mellon Corp (BNY) +5,1 % Western Digital Corp (WDC) -8,8 %
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THORNTON, Colo., July 15, 2026 (GLOBE NEWSWIRE) -- MYR Group Inc. (“MYR Group”) (NASDAQ: MYRG), a holding company of leading specialty contractors serving the electric utility infrastructure, commercial and industrial construction markets in the United States and Canada, announced it will release its second quarter 2026 results on Wednesday, July 29, 2026, after the market closes. In conjunction with the release, MYR Group has scheduled a conference call and simultaneous webcast to discuss results on Thursday, July 30, 2026, at 8 a.m. Mountain Time.
Participants may access the audio-only webcast of the conference call from the Investors page of MYR Group’s website at myrgroup.com. A replay of the webcast will be available for seven days.
About MYR Group Inc.
MYR Group is a holding company of leading, specialty electrical contractors providing services throughout the United States and Canada through two business segments: Transmission & Distribution (T&D) and Commercial & Industrial (C&I). MYR Group subsidiaries have the experience and expertise to complete electrical installations of any type and size. Through their T&D segment they provide services on electric transmission, distribution networks, substation facilities, clean energy projects, and electric vehicle charging infrastructure. Their comprehensive T&D services include design, engineering, procurement, construction, upgrade, maintenance, and repair services. T&D customers include investor-owned utilities, cooperatives, private developers, government-funded utilities, independent power producers, independent transmission companies, industrial facility owners, and other contractors. Through their C&I segment, they provide a broad range of services which include the design, installation, maintenance, and repair of commercial and industrial wiring generally for data centers, clean energy projects, airports, hospitals, hotels, commercial and industrial facilities, manufacturing plants, processing facilities, water/waste-water treatment facilities, mining facilities, intelligent transportation systems, roadway lighting, signalization, stadiums and electric vehicle charging infrastructure. C&I customers include general contractors, commercial and industrial facility owners, government agencies, and developers. For more information, visit myrgroup.com.
Contact
Jennifer Harper, Vice President, Investor Relations & Treasurer, MYR Group Inc., (847) 979-5835, [email protected]
, /PRNewswire/ -- From high school students exploring future careers to adults seeking new opportunities, American Water (NYSE: AWK), the largest regulated water and wastewater utility company in the U.S., is building the workforce of tomorrow through programs that provide training, mentorship and pathways to meaningful careers.
As the water industry faces increasing workforce demands and a growing need for skilled talent, American Water is leading initiatives that introduce individuals to careers in the water sector, develop professional skills and create opportunities for long-term success.
"At American Water, our people are at the heart of everything we do," said Lori Sutton, EVP and Chief Human Resources Officer at American Water. "Providing safe, clean, reliable and affordable water and wastewater services starts with attracting, developing and retaining talented individuals. Through programs that support students, emerging young professionals and current employees, we're continuing to build a strong workforce that will serve our customers and communities for generations to come."
American Water's workforce programs span multiple stages of the career journey, including:
Flow Forward High School Summer Camp Program: A multi-day workforce development experience for high school students featuring skill-building workshops, resume and interview preparation, networking opportunities and exposure to careers in the water and wastewater industry. This year, the program welcomes students from Indiana, Iowa, New Jersey, Pennsylvania and West Virginia. Future Wavemakers College Internship Program: A cornerstone initiative designed to cultivate the next generation of water and wastewater industry leaders. This program is built on the foundation of mentorship, professional development and real-world projects that align with college students' academic backgrounds and American Water's organizational goals. Interns participate in capstone projects, networking events and skill-building workshops, all while contributing fresh perspectives and innovative ideas to the company. This year, the program welcomes 56 college interns at American Water workplaces across the country, offering hands-on experience in engineering, finance, operations, health and safety communications and more. Water Utility Pipeline Program (Water UP!): New Jersey American Water's workforce readiness program creates pathways into the water and wastewater industry by helping participants explore career opportunities, develop foundational workforce skills and gain exposure to utility operations. Through hands-on learning, professional development and industry-recognized safety training opportunities, participants build the knowledge and confidence needed to pursue careers in the water sector. Hopeworks partnership: Working with a Camden-based nonprofit on train-to-hire programs that have successfully engaged, trained and employed young adults on geographic information system projects. State-of-the-art training facilities: Built to support workforce development and operational excellence. For example, West Virginia's new training facility features modern classroom space alongside hands-on, real-world training environments. The center is designed to equip both new hires and experienced employees with the knowledge, skills and practical experience needed to safely and effectively operate and maintain water and wastewater systems across the state. Making Waves Academy: American Water offers career development resources designed to help its employees build skills, explore opportunities and support long-term professional growth. These tools are accessible and adaptable to a range of roles, schedules and learning styles. Together, these initiatives reflect American Water's commitment to developing future and current talent, strengthening communities and helping to ensure a skilled workforce is prepared to meet the evolving needs of the water industry. American Water remains dedicated to strengthening its talent pipeline and build stronger communities through innovative workforce development programs.
Learn more about American Water's workforce here.
About American Water
American Water (NYSE: AWK) is the largest regulated water and wastewater utility company in the United States. With a history dating back to 1886 and celebrating 140 years in 2026, We Keep Life Flowing® by providing safe, clean, reliable and affordable drinking water and wastewater services to approximately 14 million people with regulated operations in 14 states and on 18 military installations. American Water's approximately 7,000 talented professionals leverage their significant expertise and the company's national size and scale to achieve excellent outcomes for the benefit of customers, employees, investors and other stakeholders.
For more information, visit amwater.com and join American Water on LinkedIn, Facebook, X and Instagram.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Commvault Systems, Inc. (NASDAQ: CVLT) between April 29, 2025 and January 26, 2026, inclusive (the "Class Period"), of the important July 17, 2026 lead plaintiff deadline.
So what: If you purchased Commvault securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details Of The Case: According to the lawsuit, defendants provided overwhelmingly positive statements while, at the same time, disseminating materially false and misleading statements and/or concealing material adverse facts concerning the true state of Commvault's ARR growth environment; pertinently, Commvault knew or recklessly disregarded that its ARR growth guidance failed to properly factor in crucial variables, such as the type of sale. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Commvault class action, go to https://rosenlegal.com/cases/commvault-systems-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
SAN FRANCISCO, July 15, 2026 (GLOBE NEWSWIRE) -- Hagens Berman, a national shareholder rights firm, alerts investors in Commvault Systems, Inc. (NASDAQ: CVLT) that a newly filed securities class action lawsuit has expanded the alleged class period. The lawsuit now covers investors who purchased or otherwise acquired Commvault securities between January 28, 2025, and January 26, 2026, inclusive.
Hagens Berman is investigating the claims pled in the pending litigation and encourages Commvault investors who suffered substantial losses to submit your losses now.
Expanded Alleged Class Period: Jan. 28, 2025 – Jan. 26, 2026
Lead Plaintiff Deadline: July 17, 2026
Visit: www.hbsslaw.com/investor-fraud/cvlt
Contact the Firm Now: [email protected]
844-916-0895
View our latest video summary of the allegations: www.youtube.com/watch?v=MUMo4d2ZLkI
Expanded Scope of Allegations
The new suit, City of Fort Lauderdale Police and Firefighters' Retirement System v. Commvault Systems, Inc., et al., extends the start of the alleged fraud period from April 29, 2025, back to January 28, 2025. This expansion captures a broader range of investor activity and expands the claims brought against the company and its senior executives regarding their business disclosures.
Focus of CVLT Securities Class Action Litigation:
The litigation alleges that Defendants misrepresented and failed to disclose that:
Commvault’s competitive positioning was materially weaker than Defendants had represented to investors;Due to the undisclosed increase in competition, Commvault was forced to make significant concessions on price and contract duration for its software licenses;As these concessions became unsustainable, SaaS became a larger portion of the Company’s sales mix;The increasing mix of SaaS sales, which carry shorter term durations and lower ASPs, negatively impacted the Company’s margin and NNARR; andAs a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.
The truth allegedly emerged before markets opened on January 27, 2026, when Commvault announced its third-quarter fiscal year 20261 financial results. Commvault disclosed NNARR in constant currency of $39 million, missing analysts’ expectations of approximately $45 million. Chief Accounting Officer Danielle Abrahamsen (“CAO Abrahamsen”) revealed that the mix of SaaS deals increased to “70%” during the quarter and highlighted that “landing these customers at a 2 to 3x smaller ASP than software . . . does have a significant impact on ARR.”
On this news, the price of Commvault common stock fell $40.23 per share, or about 31%, to close at a price of $89.13 per share on January 27, 2026.
HBSS Investigation
“We continue to investigate whether Commvault misled investors about its operational performance and financial reporting during the alleged expanded class period, as the new complaint contends” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation of the pending claims.
If you invested in Commvault and have substantial losses, or have knowledge that will assist the firm’s investigation, submit your losses now.
If you’d like more information and answers to frequently asked questions about the Commvault case and the firm’s investigation, read more »
Whistleblowers: Persons with non-public information regarding Commvault should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].
About Hagens Berman
Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw.
Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.
As the global energy transition accelerates, investors are weighing the potential of fuel cell technology to power a carbon-neutral future. Choosing between Bloom Energy (BE 1.92%) and Plug Power (PLUG 2.98%) requires a close look at their paths toward profitability.
Bloom Energy focuses on solid oxide fuel cells that provide on-site power for data centers and industrial sites. Plug Power aims to build a full green hydrogen economy, from production and liquefaction to fuel cell applications. Both companies are prominent players in the energy space, but they offer distinct business models for long-term investors.
The case for Bloom EnergyBloom Energy sells stationary power systems that operate without a connection to the traditional electrical grid. The company targets high-demand users in the industrial stocks category, including semiconductor manufacturers and hospitals. Oracle (ORCL +3.50%) remains a key partner for on-site power for AI data centers, and a recent $25 billion financing expansion with Brookfield Asset Management (BAM +3.16%) supports larger fuel cell deployments. Customer concentration like this adds a layer of risk to the business, as a significant portion of future growth depends on these core relationships.
In FY 2025, Bloom Energy reported revenue of more than $2 billion, representing approximately 37% growth over the prior year. Despite the rising sales, the company posted a wider net loss of $88.4 million.
As of its December 2025 balance sheet, the debt-to-equity ratio was approximately 3.9x. This ratio measures total debt against shareholder equity, and a higher number indicates more reliance on borrowed funds. Free cash flow for the year reached roughly $57.2 million. Free cash flow equals cash flow from operations minus capital expenditures, and a positive result means the business generated more cash than it spent on equipment.
The case for Plug PowerPlug Power provides end-to-end hydrogen solutions, including electrolyzers that create hydrogen and fuel cells that power vehicles. Walmart (WMT 1.10%) remains one of its primary revenue contributors, highlighting the company's focus on material handling and heavy-duty transport. Strategic partnerships include Orica for the Hunter Valley Hydrogen Hub in Australia. The company serves diverse industrial applications and remains focused on scaling its electrolyzer technology across five continents to support global energy needs.
During FY 2025, Plug Power generated $709.9 million in revenue, reflecting nearly 13% growth. The company faced significant challenges, reporting a net loss of approximately $1.6 billion for the period, though that was $500 million narrower than 2024.
Based on the December 2025 balance sheet, the debt-to-equity ratio is roughly 1.0x. Free cash flow was negative, sitting at $647 million. Free cash flow is calculated by subtracting capital expenditures from operating cash flow, and a negative figure indicates that the business is spending more than it generates from operations.
Risk profile comparisonBloom Energy faces risks related to its dependence on the AI sector, as any slowdown in data center growth could hurt demand. The company also relies on single-source suppliers for critical materials, which creates exposure to trade tariffs and logistics disruptions. Furthermore, project deployments are complex and often face permitting or interconnection delays that can delay production.
Plug Power carries liquidity risks, as consistent losses require the company to seek new sources of capital. Scaling hydrogen production has proven difficult, with facility start-ups and equipment reliability posing significant hurdles. The company also faces legal scrutiny from securities class-action lawsuits and questions about its disclosures to the Department of Energy.
Valuation comparisonPlug Power appears cheaper on a P/S ratio basis, which measures stock price against sales. However, Bloom Energy has a measurable Forward P/E, which compares the stock price to future earnings estimates.
MetricBloom EnergyPlug PowerSector BenchmarkForward P/E109xn/a242.8xP/S ratio26.1x3.9xSector benchmark uses the SPDR XLI sector ETF.
Valuation metrics sourced from Financial Modeling Prep (FMP) and may differ from other data providers.
Bloom Energy's core product is its Energy Server, a stand-alone power source for commercial and industrial customers. The Energy Server is based on solid oxide fuel cell technology and runs on natural gas, biogas, or hydrogen. Natural gas has historically been the dominant fuel, despite Bloom being heralded as a clean energy business in its early days.
The business aims to lower its cost of production by about 10% a year to attract more customers (its main markets are the U.S. and Korea). The AI datacenter boom is a tailwind for Bloom, which should see revenue leap 85% to $3.75 billion in fiscal 2026. That has Wall Street expecting a swing to net income of about $440 million.
Plug Power’s fuel cells run on clean-burning hydrogen, though creating hydrogen is often done in a process fueled by natural gas. Still, Plug Power sits more firmly in the renewable energy niche to customers, benefiting from many countries’ moves to green (not natural gas-created) hydrogen. It, too, is benefiting from the datacenter boom and from restored tax credits that make its systems more affordable to deploy.
For fiscal 2026, revenue growth is not as red-hot as Bloom’s, but still pretty good at nearly 15%, to reach $814 million. The net loss is seen narrowing to about $500 million.
While Bloom’s growth makes it seem like the better buy, long-term investors should consider that major customers Amazon.com Inc (AMZN +2.97%) and Walmart will be entering the replacement phase of their product cycle in the years to come. Plus, the European Union has strict mandates requiring 42% renewable industrial hydrogen use by 2030 as part of its energy security mandates. That has Plug Power positioned very nicely. Bloom, meanwhile, appears to have very little competitive moat: anyone can make a generator and hook it up to a datacenter. Plug Power is the long-term choice.
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.
Uniswap has submitted a governance proposal to extend its protocol fee collection and UNI token burn mechanism to Robinhood Chain, covering versions v2, v3, and v4. Per the proposal, protocol fees generated on Robinhood Chain will be deposited into the chain’s on-chain TokenJar contract, and Searchers can convert these fees by bridging UNI back to the Ethereum mainnet and sending it to the burn address.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
3 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
3 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
DFINITY Tackles AI Agent Security With MCP Server Integration@dfinity's Internet Identity is set to integrate a Model Context Protocol (MCP) server, targeting one of the most pressing security gaps in agentic AI: the lack of secure key management for agents running in isolated cloud environments.
The move was confirmed by Arshavir Ter-Gabrielyan, who outlined the new architecture publicly. At its core, the design uses Trusted Execution Environments (TEEs) to store private keys, preventing autonomous agents from accessing sensitive credentials directly. Rather than holding keys themselves, agents must request explicit permission each time they want to execute an action within a specific application.
The problem being addressed is not trivial. MCP shifts the trust boundary by making the integration layer a new attack surface spanning identity, network, supply chain, and runtime. Wiz Research found MCP servers present in at least 80% of observed cloud environments in early 2026, and 5% of those environments run at least one internet-facing MCP server. As deployment has scaled, so have the risks around credential exposure and unauthorized agent actions.
MCP was introduced by Anthropic in November 2024 to connect AI models to data, and has since become a de facto standard for agentic tool use. It is an open protocol that enables seamless integration between large language model applications and external data sources and tools, providing a standardized way to connect LLMs with the context they need. However, when MCP first emerged, it offered the core protocol for tool and data exchange but lacked a standardized authentication mechanism for connecting to remote servers.
TEEs as the Security FoundationBy routing key management through TEEs, the Internet Identity MCP architecture ensures that private keys remain hardware-protected and out of reach of the agent's own logic. Agents operating under this model are constrained to request scoped permissions, effectively enforcing a least-privilege model at the device level.
This approach aligns with broader security thinking around agentic systems. When discussing agent identity, the goal is to give the decision-making entity a distinct, verifiable identity that can be tracked, authorized, and audited throughout its interactions with MCP servers. Security researchers have consistently argued that actions performed by MCP servers should always be confirmed by users or restricted to reduce risk to an acceptable level.
For the Internet Computer ecosystem, the integration is a meaningful step toward making autonomous on-chain agents viable at scale. Frameworks built on ICP already leverage decentralized Trusted Execution Environments so that agents can maintain security, privacy, and data integrity. The Internet Identity MCP server extends that principle to authentication and key management, bridging the gap between agentic logic and device-level security.
DFINITY Internet Identity GitHub Repository | Model Context Protocol Official Specification | Wiz: Model Context Protocol Security Overview 2026
LOUISVILLE, Ky.--(BUSINESS WIRE)--Republic Bancorp, Inc. (NASDAQ: RBCAA), parent company of Republic Bank & Trust Company, declared a cash dividend of $0.495 per share on Class A Common Stock and $0.45 per share on Class B Common Stock, payable October 16, 2026, to shareholders of record as of September 18, 2026.
Republic Bancorp, Inc. (the “Company”) is the parent company of Republic Bank & Trust Company (the “Bank”). The Bank currently operates 47 banking centers within five metropolitan statistical areas (“MSAs”) across five states: 22 banking centers in the Louisville MSA, serving Louisville, Prospect, Shelbyville, and Shepherdsville, Kentucky, and Floyds Knobs, Jeffersonville, and New Albany, Indiana; six banking centers in the Lexington MSA, serving Georgetown and Lexington, Kentucky; eight banking centers in the Cincinnati MSA, serving Cincinnati and West Chester, Ohio, and Bellevue, Covington, Crestview Hills, and Florence, Kentucky; seven banking centers in the Tampa MSA, serving Largo, New Port Richey, St. Petersburg, Seminole, and Tampa, Florida; and four banking centers in the Nashville MSA, serving Franklin, Murfreesboro, Nashville, and Spring Hill, Tennessee. The Bank also offers online banking at www.republicbank.com. The Company is headquartered in Louisville, Kentucky and, as of March 31, 2026, had approximately $7.25 billion in total assets. The Company’s Class A Common Stock is listed on the NASDAQ Global Select Market under the symbol “RBCAA.”
STATE COLLEGE, Pa., July 15, 2026 (GLOBE NEWSWIRE) -- Kish Bancorp, Inc. (OTCQX: KISB) (“Kish” or the “Company”), parent company of Kish Bank, reported net income of $5.3 million, or $1.77 per share, for the second quarter of 2026, compared to $5.3 million, or $1.76 per share, for the first quarter of 2026, and $3.8 million, or $1.28 per share, for the second quarter of 2025. Results for the second quarter of 2026 included a $982 thousand provision for credit losses, compared to an $845 thousand provision expense in the first quarter of 2026, and a $470 thousand provision expense in the second quarter of 2025. For the first six months of 2026, net income was $10.6 million, or $3.51 per share, compared to $7.4 million, or $2.50 per share, for the six-month period in 2025. All results are unaudited.
IonQ (IONQ 4.86%) is one of the leaders in the effort to develop commercially viable quantum computers. While its stock has sold off recently, it could be only one major announcement away from skyrocketing again. After setting a 2026 high in late May, IonQ's stock has tumbled straight down, and is nearly 50% off its all-time high.
While some investors may see that as a warning sign, I think it's a buying signal, as IonQ's stock price action often is driven more by broader market sentiment than its specific investment thesis.
Image source: The Motley Fool.
Viable quantum computing is a fair way off IonQ is not a viable business right now. It has no profits and is only surviving on revenues from partnerships and the capital it raises through debt and share issuance. This makes it a highly risky stock, and when the market favors security over risk (as is the case right now), stocks like IonQ struggle. That's one of the primary reasons for its sell-off, as the company posted solid first-quarter results.
During that quarter, IonQ delivered 755% year-over-year revenue growth. Some of that growth came via acquisitions, but a healthy chunk also came from organic business growth, thanks to a new system sale and growing partnerships. IonQ expects that its organic growth rate will remain above 100% for the year, which is a fantastic result for an early-stage company.
IonQ
Today's Change
(
-4.86
%) $
-1.91
Current Price
$
37.38
The reason why IonQ is a popular investment option in the quantum computing space is its unusual approach. Its machines are built around trapped-ion qubits, a technology that sacrifices speed for accuracy. IonQ holds the world record for 2-qubit gate fidelity, which is a commonly used metric for gauging computing accuracy.
The primary issue standing between every quantum computer developer and a commercially viable technology is that these machines are still too error-prone. As such, a product like IonQ's, which has meaningfully better accuracy, is a no-brainer decision for early-stage users.
IonQ could be a huge winner if it can further improve its error-reduction and error-correction technologies, and capture a large chunk of the quantum computing market. McKinsey & Company estimates that the quantum computing market could be worth up to $72 billion annually by 2035. If that pans out and IonQ winds up a leading player in the space, its stock could skyrocket over the next decade. Yet it's also possible that quantum computing as a whole will be a flop, or that others will surpass IonQ. This makes it a highly risky stock, so investors should not devote too much of their portfolio to it.
However, now that the market's risk-averse sentiment has trimmed its price, I think IonQ would be a smart stock to buy now.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE: WAL) has been named one of Arizona's “Most Admired Companies” for 2026 by Az Business magazine and BestCompaniesAZ, recognizing the company's reputation and impact in five areas: workplace culture, innovation, social responsibility, customer opinion and leadership. The annual “Most Admired Companies” awards recognize the contributions and impact that Arizona's best employers bring to the state. For Western Alliance Bank, the recognition ref.
The PNC Financial Services Group, Inc. (PNC) Q2 2026 Earnings Call July 15, 2026 10:00 AM EDT
Company Participants
Bryan Gill - EVP, Director of Investor Relations
William Demchak - Chairman & CEO
Robert Reilly - Executive VP & CFO
Conference Call Participants
John McDonald - Truist Securities, Inc., Research Division
John Pancari - Evercore ISI Institutional Equities, Research Division
Ebrahim Poonawala - BofA Securities, Research Division
L. Erika Penala - UBS Investment Bank, Research Division
Michael Mayo - Wells Fargo Securities, LLC, Research Division
Manan Gosalia - Morgan Stanley, Research Division
Matthew O'Connor - Deutsche Bank AG, Research Division
Gerard Cassidy - RBC Capital Markets, Research Division
Kenneth Usdin - Bernstein Autonomous LLP
David Chiaverini - Jefferies LLC, Research Division
Saul Martinez - HSBC Global Investment Research
Christopher McGratty - Keefe, Bruyette, & Woods, Inc., Research Division
Presentation
Operator
Greetings, and welcome to The PNC Financial Services Group Earnings Conference Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Bryan Gill. Thank you, Bryan. You may now begin.
Bryan Gill
EVP, Director of Investor Relations
Well, good morning, and welcome to today's conference call for The PNC Financial Services Group. I am Bryan Gill, the Director of Investor Relations for PNC. And participating on this call are PNC's Chairman and CEO, Bill Demchak; and Rob Reilly, Executive Vice President and CFO.
Today's presentation contains forward-looking information. Cautionary statements about this information as well as reconciliations of non-GAAP measures are included in today's earnings release materials as well as our SEC filings and other investor materials. These are all available on our corporate website, pnc.com, under Investor Relations. These statements speak only as of July 15, 2026, and PNC undertakes no obligation to update them.
Solana has registered its first SuperTrend buy signal in over nine months, signaling a potential shift in sentiment after a prolonged period of weak price performance. On Coinbase’s daily chart, the SOL token traded near $77.73, staying above recent lows but still contending with significant resistance levels ahead.
SuperTrend buy signal appears after long downtrendAnalyst Ali Charts highlighted that Solana turned bullish following the Average True Range (ATR) trailing stop indicator flipping below price. The ATR is a widely monitored technical measure that tracks market volatility, offering traders insights into trend changes.
This marks the first SuperTrend buy signal for Solana since October 10, according to Ali Charts. SuperTrend, a volatility-based trend-following technical indicator, can signal potential shifts in control between buyers and sellers when paired with tools like ATR.
Ali Charts noted that if buyers manage to sustain momentum, Solana could rally toward $96 or even $121. However, a reversal below the $60 mark would undermine this bullish scenario.
Recent analysis highlighted that Solana’s ATR trailing stop has flipped below price for the first time since October, marking a significant SuperTrend buy signal and opening the way for potential rallies to $96 or even $121 if buying momentum builds, with $60 remaining the key risk level.
While such signals can provide clearer levels for traders to monitor, confirmation through consistent buying pressure remains necessary. A single technical signal does not guarantee a sustained rally without additional supporting momentum.
Mini dictionary: Ali Charts — A well-known crypto market analyst recognized for his technical price analyses, often referenced by traders across the digital asset market.
Key resistance and recovery targets in daily chartOn daily timeframes, Solana has maintained support in the $75 to $78 range. The immediate resistance zone lies between $80 and $85. A clear breakout above this area could signal increased buyer strength and potentially pave the way for challenges of the $90 to $100 region.
Solana still trades beneath the $121.40 Fibonacci retracement level, viewed by many traders as a major recovery milestone. Additional resistance levels must be overcome for the wider recovery to take shape, so any push toward $121 will require sustained bullish momentum.
LevelSignificance$60Main support, invalidation for bullish outlook$75-$78Current support range$80-$85Immediate resistance band$96First major bullish target$121Key Fibonacci recovery level$60 support remains in focus for SOLAnalysts view the $60 area as crucial support for the current bullish thesis. Should SOL retreat below this level, it could reintroduce downside risks, with the lower $58.64 level potentially coming back into play.
Despite the fresh buy signal, daily momentum indicators remain mixed. The MACD histogram continues to print slight negativity while the Relative Strength Index (RSI) stays around 53.43 — only marginally above neutral territory. A rise in RSI above 55 or 60 would bolster confidence in the recovery; until then, traders remain cautious and focused on price confirmation above resistance.
In summary, market participants are watching SOL’s performance at $80, $96, and $121, while remaining alert to the risk that a move below $60 could invalidate the current short-term bullish structure.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Solana price has climbed to around $78 on July 15 after a 250 million USDC mint on the network, combined with softer U.S. inflation data, injected fresh buying momentum across crypto markets.
Summary
Solana price jumped toward $78 after a 250 million USDC mint boosted on-chain liquidity and risk appetite improved. Technical charts show a breakout above a descending channel, with $80 emerging as the next key resistance. Rising active addresses, institutional developments, and liquidation clusters support upside, while $70-$75 remains critical support. The move gathered pace after the USDC Treasury minted 250 million USDC on Solana, adding immediate liquidity to the ecosystem as traders returned to risk assets following the latest U.S. inflation print. Capital quickly rotated into Solana-based decentralized exchanges, helping SOL recover from recent weakness while the wider crypto market also moved higher.
Earlier selling pressure had left Solana trading well below its May highs as geopolitical tensions, institutional distributions and weaker on-chain activity weighed on sentiment.
Today’s rebound, however, arrives with stronger participation. Daily trading volume has climbed above $2.1 billion, suggesting buyers, rather than short-term speculation alone, have supported the advance.
Technical structure favors another test of $80 The daily chart shows Solana (SOL) price holding above a long-standing support area between $70 and $75 after repeatedly defending that range over recent weeks. Price now trades above the 20-day and 50-day moving averages near $73.3-$74 while remaining below the declining 100-day moving average around $80.3 and well beneath the 200-day moving average near $91.
Solana daily price chart — July 15 | Source: crypto.news A sustained close above the 100-day average would expose the psychologically important $80 level before opening room toward the May swing high near $82.
The 4-hour chart adds another constructive development. SOL has broken above a descending channel that had contained price action since early July, while the RSI has recovered to roughly 52 after bouncing from oversold territory.
Solana 4-hour price chart — July 15 | Source: crypto.news The Aroon Up reading near 93 also holds well above the Aroon Down line, suggesting buyers currently control short-term momentum, although resistance remains concentrated just below $80.
Derivatives positioning reinforces that technical picture. CoinGlass liquidation data shows dense short liquidation clusters stacked between $78.5 and $80, with another concentration extending toward $81.5.
Solana liquidation heatmap | Source: CoinGlass A decisive push through those levels could trigger forced buying from bearish positions, while the largest long liquidation pockets remain clustered around the $76-$76.5 region, making that zone an important area for bulls to defend.
Commenting on the latest setup, analyst Ali Martinez argued that Solana has regained a bullish structure after its SuperTrend indicator flipped positive for the first time since October. He wrote:
“If buying pressure continues to build, $SOL could rally toward $96 or even $121. However, $60 remains the key level to watch.”
Outside the charts, network fundamentals have also improved. Active addresses have climbed toward seven million, while anticipation continues to build ahead of the Alpenglow upgrade, which is expected to reduce transaction finality to around 150 milliseconds later this quarter.
Solana has also strengthened its institutional footprint through its partnership with SBI Holdings to expand on-chain financial infrastructure in Japan, while tokenized real-world assets on the network have grown to roughly $3.3 billion.
A break below key support would weaken the bullish outlook Bullish momentum still faces several hurdles. The declining 100-day moving average around $80 represents the first major technical barrier, and failure to clear that level could keep SOL trapped inside its multi-week consolidation range.
A return below the 20-day and 50-day moving averages would shift attention back to the $75 support area, where leveraged long positions remain concentrated.
Macro risks also remain unresolved. Fresh geopolitical tensions, another rise in Treasury yields, or stronger-than-expected U.S. economic data could reduce expectations for monetary easing and pressure risk assets across the crypto market.
If selling accelerates and Solana loses the $70-$75 support zone, the bullish breakout thesis would weaken considerably, while Ali Martinez’s longer-term invalidation level near $60 would return to focus.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
G2 Esports opened the Esports World Cup 2026 with a 1-0 victory over FURIA.
A Solana bet that aged very well Around 2023, G2 Esports put roughly €3.2 million into Solana tokens. That position has since grown to an estimated €16 million, representing a roughly 400% increase in value.
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This isn’t G2 accidentally stumbling into crypto. The organization has an active sponsorship deal with Betpanda, a crypto-focused betting platform, suggesting the team views digital assets as a structural part of its commercial strategy rather than a one-time experiment.
The Esports World Cup becomes a crypto showcase The Esports World Cup 2026, held in Riyadh and organized by the Esports Foundation, is running with a total prize pool of $75 million. Coinbase and Bitget are among the sponsors attached to the EWC 2026.
The tournament has also integrated prediction markets, with platforms including Coinbase Predictions and Kalshi offering wagering on match outcomes.
Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
According to monitoring by OnchainLens, a trader has taken large long positions on Hyperliquid, with a total position value of $13.31 million. Current holdings: Bitcoin worth $5.87 million, 40x leverage, average entry price of $65,473; Solana (SOL) worth $5.5 million, 20x leverage, average entry price of $78.8; Ethereum worth $1.93 million, 25x leverage, average entry price of $1,939.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
3 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
3 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
CoinShares noted that Open USD, a stablecoin project driven by a banking-backed consortium, could directly impact Circle’s USDC distribution economic model and profit margins, as it plans to allocate reserve revenues to participating partners rather than retaining them primarily with the issuer. This mechanism may raise USDC’s costs for maintaining its circulation network and, following its launch in the second half of 2026, exert more substantial competitive pressure on Circle. However, CoinShares also pointed out that Open USD has not yet officially launched, with key details such as its reserve structure and fee model still undisclosed. By contrast, USDC retains existing advantages including liquidity, exchange platform integration, decentralized finance (DeFi) and payment scenario integration. Thus, Open USD is currently viewed as a credible challenger to USDC, though its actual impact remains unproven. On July 1, Open Standard announced the launch of Open USD (OUSD), a new stablecoin for global fund transfers, adding that over 140 enterprises have joined its ecosystem, spanning financial, payment and crypto industry players including Visa, Stripe, Mastercard, American Express, BlackRock, BNY, DBS, Coinbase, OKX, MetaMask, Aave, Ripple, Fireblocks, Solana and Polygon. Open USD follows three core design principles: enabling zero-cost, large-scale minting and redemption for enterprises; returning all reserve asset yields to partners after deducting a small management fee; and being governed by a board comprising independent firm Open Standard and its partners, rather than controlled by a single issuer.
Crypto clearing startup Glacis Labs has closed a $6.8 million seed round. The round was led by Lightspeed Faction, with participation from Franklin Templeton, Coinbase Ventures, A.GAIN (formerly IDC Ventures), Protein Capital, and Techni Ventures, structured as an equity-plus-token warrant deal. The funding will primarily be used to expand its core product, the ZeroDelta platform, and support the growth of its engineering, compliance, and marketing teams. ZeroDelta is a multi-chain clearing platform that facilitates matching, netting, and final settlement of cross-chain digital assets. It currently focuses on serving stablecoins and has processed over $1 billion in cumulative trading volume to date.
3 hours ago
The United States will issue a $1 Trump gold coin to commemorate the 250th anniversary of its founding.
US Treasury Secretary Scott Bessent announced today that the U.S. Mint will produce a $1 commemorative "gold coin" — gold in appearance but containing no actual gold or precious metals — to mark the 250th anniversary of the founding of the United States. The obverse features a portrait of President Trump in a suit and tie, paired with the inscriptions "LIBERTY," "IN GOD WE TRUST," and the dates 1776-2026; the reverse displays the U.S. Great Seal eagle, marked with "$1" and "250." The coin is expected to be released this fall. The move breaks the longstanding tradition that living presidents typically do not appear on U.S. currency, with Bessent describing it as a "lasting symbol of patriotism" and "a commemoration of the legacy of freedom."
3 hours ago
Trump: Data centers are a cash cow and one of the largest drivers of future job growth.
Trump posted that data centers are one of the biggest drivers of future job growth. They are large-scale, powerful, and have broad prospects, serving as cash cows for their respective states. However, for political reasons, the Governor of New York State terminated all data center projects under construction or planned in New York. These companies are now flocking to Alabama, Florida, Texas, Arizona, and many other states. The tax revenues and jobs brought by data centers are truly a huge source of wealth! New York State has made a bad decision. All this revenue and other benefits will flow to so-called "red states" (states dominated by the Republican Party) and some "blue states" (states dominated by the Democratic Party). These states not only have lower taxes but also can create record job opportunities. They will bear their own water and electricity costs, and the remaining funds will be returned to state governments and local communities. For the states and communities fortunate enough to secure data centers, these facilities are undoubtedly huge assets. New York State should immediately reverse its policy. We must never allow radical left-wing Democrats to make us lose data centers, artificial intelligence, and all these amazing new technologies, letting them fall into the hands of other countries!
3 hours ago
Goldman Sachs' View: Storage Market Shows Structural Shifts, Partial Replacement of DRAM by NAND for Cost Reduction Becomes a Practical Trend
Citirni analyst Jukan referenced Goldman Sachs’ monthly conference call remarks on the memory sector, noting clients’ strong resistance to DRAM price hikes approaching 30%, leading to a modest downward revision of third-quarter DRAM price growth expectations. Meanwhile, the outlook for NAND has grown more optimistic: AI-related KV cache offloading demand continues to exceed expectations, paired with an emerging trend of using NAND to replace expensive DRAM, further supporting NAND demand. The analyst holds a positive view on SK Hynix’s second-quarter performance, projecting revenue of approximately 85 trillion won and a gross margin of 63%. Relevant stocks include SK Hynix, Micron, and SanDisk. The commentary also reveals structural shifts in the memory market. Previously, explosive HBM demand from AI servers drove DRAM prices soaring, but once price increases hit the 30% threshold, clients began resisting further hikes, leading to a temporary slowdown in the pace of DRAM price growth. NAND is taking on a new role in AI infrastructure: KV cache is critical in inference scenarios, and using cheaper NAND to partially replace expensive DRAM to reduce costs is becoming a practical trend. This divergence also implies that internal capital rotation within the storage industry chain may continue; investors should exercise greater caution regarding short-term earnings expectations for DRAM-related stocks, while the fundamental improvement in the NAND segment may not yet be fully priced in.
3 hours ago
Kraken Launches Customized Crypto Vaults, Allowing Users to Earn Yields on Idle Bitcoin, Ethereum (ETH) and Stablecoins
Kraken Institutional has announced a partnership with on-chain yield platform Upshift, allowing qualified institutional clients to earn returns on idle Bitcoin, Ethereum, stablecoins and other crypto assets directly within Kraken’s compliant custody framework. Unlike traditional pooled vaults, Upshift will build dedicated, customized vaults for each client, fully tailored to their investment strategies, risk parameters, liquidity needs and asset portfolios. Assets will be allocated to these non-custodial vaults, then deployed to selected on-chain contracts, with clients’ segregated Kraken custody accounts receiving a receipt token.
3 hours ago
SpaceX falls below its $135 IPO price for the first time; US-listed space-related stocks decline across the board.
According to market data from BIT (bit.com), during U.S. stock intraday trading, SpaceX (SPCX) fell below its IPO price of $135 for the first time, currently trading at $133.6. U.S. space-related stocks declined across the board: AST SpaceMobile (ASTS) dropped 5.26%, Rocket Lab (RKLB) fell 3.4%, and Redwire (RDW) declined 3.4%.
